Swire Properties Will Turn Attention To Developing Next Phases Of Brickell City Centre After Selling Off Condo Units

Developer Swire Properties has announced that it will begin focusing on developing the remaining phases at Brickell City Centre after completing a selloff of condo units there.

Swire sold the final 81 condo units at the Reach and Rise condo towers to a partnership between KAR Properties and Fortune International Group for an undisclosed sum, in a deal that was announced last week.

“Swire Properties is delighted to sell the remaining inventory of 81 units to respected investors KAR Properties and Fortune International Group, in a significant transaction that reflects their shared commitment to this outstanding product and belief in Brickell City Centre,” said Kieran Bowers, President of Swire Properties. “Swire Properties will continue to invest in Brickell over the coming years and attention will now turn to the development of the remaining phases and parcels surrounding Brickell City Centre.”

Swire also sold two office towers at Brickell City Centre in July 2020 for $163 million, and plans to recycle the funds into new projects.

At least four new potential towers could be built by Swire at Brickell City Centre.

Swire has plans for an 80-story, 1,049-foot supertower called One Brickell City Centre with a mix of uses, serving as the Brickell Avenue entrance to the complex.

The developer has also submitted plans for a 62-story tower on the Associated Photo site next to Brickell City Centre.

Another 52-story tower is planned on the former Tobacco Road property.

Swire also owns a lot known as North Squared, across the street from La Centrale at Brickell City Centre.

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iFlyMIA
4 months ago

Give us One Brickell City Centre!

Anonymous
4 months ago

But show us a new and better design first.

Anonymous
4 months ago

Apparently contractor for One Brickell City Center has been selected.

Azarius
4 months ago

Glad to hear they are about to start marketing new projects it’s time to really take Miami to the next level.

Anonymous
4 months ago

Don’t tease me

Anonymous
4 months ago

Bring some office spaces not more empty apartments in the center of city. These developers don’t care about city future. Just build, sell, make money and run away.

Anonymous
4 months ago

Gee, another expert on what it takes to develop a city…

Anonymous
4 months ago

You may want to Google “Swire”, they have been in Miami for a very long time, and they will likely remain in Miami for a very long time.

Anonymous
4 months ago

Do you blame them?
Their fat accounts are loaded.
It’s called survival of the fitte$t

Anonymous
4 months ago

I wish I could do that!

Anonymous
4 months ago

Please, Swire, no more Arquitectonica!

Shawn Kouri
4 months ago

Awesome. So when will the 80s story One Brickell City Centre Tower break ground? Now that most of the units are already sold!

The next phase might include some more office spaces, hotel, condos, and another section to the shopping mall to include more retail, restaurants, and maybe another anchor store

Anonymous
4 months ago

Not anytime soon…

POLO
4 months ago

I think the next phase will probably be the 62 and 52-story condo towers.

Anonymous
4 months ago

Sadly

Anonymous
4 months ago

La Centrale does not longer exists. It is currently Luna Park and they can hardly keep the 1st floor busy.

Anonymous
4 months ago

Not everyone wants to spend $60 on a plate of pasta… Three levels of Italian is not for the Miami market.

Anonymous
4 months ago

Seems like they are also renovating (or closing) Luna Park currently. They placed a banner over the Luna Park logo and there’s construction going on at the outdoor portion/windows that face North.

Anonymous
4 months ago

isnt the high-end dave and busters going there?

Anonymous
4 months ago

Probably La Granja or Pollo Tropical

Anonymous
4 months ago

Casa Tua is almost always busy. That’s the problem with Luna Park.

Anonymous
4 months ago

Because the service is slow. I like more la Centrale before. But when they change to luna Park everything went wrong. Just poorly unmanage. They need new manager I guest.

Anonymous
4 months ago

I mean I guess.

Anonymous
4 months ago

La Centrale was horrible.
Quality and variety was third worldish.
Not entirely their fault.
Miami is a croqueta y pastelito de guayaba culture.

Anonymous
4 months ago

Just build it!!!

Anonymous G
4 months ago

Build it!! Asap!!

Anonymous
4 months ago

Okay put pilings already

Anonymous
4 months ago

Beautiful. Keep building beautiful tall glass buildings, and build them with both ample parking, and public transit.

Anonymous
4 months ago

And with a nice AC closet on top as the crowning spire

Anonymous
4 months ago

So does that mean goodbye to the new Tobacco Road?

Anonymous
4 months ago

Yes and add a three story EATALY !!!

Vicente Fox
4 months ago

Swine Properties?

Anonymous
4 months ago

Does Swire also own the land where Riverside is as well as the empty lot right next to it?

Realtalk Reilly
4 months ago

I love all the development but really wish they could work faster. Starting with Mary Brickell Village it seems like that whole area has been a continual construction zone for about 12-15 years. I look forward to the day when it’s all built out, and you only have the occasional new building constructed from time to time on the site of an old one. That day is taking forever to get here. Hire more construction workers! Let’s get this show on the road already!

Anonymous
4 months ago

The bases aren’t parking garages, but still manage to look ugly with too much going on.

Azarius
4 months ago

I wonder if they would develop any affordable or workforce housing as part of BBC

Anonymous
4 months ago

Get out of here! Affordable housing shouldn’t be in prime locations. They can manage to travel 30 mins or so for cheaper housing.

Anonymous
4 months ago

Thank you!!

Anonymous
4 months ago

there is a ton of new affordable housing in the area just west, walking distance down 8th Street… its funny to visit cities like Seattle where you can not find any affordable housing any where near the city center (alot of homeless but no affordable housing that we saw)

Anonymous
4 months ago

Why the heck would they? This is a prime location.

Anonymous
4 months ago

Inclusionary zoning proponents are the dumb of the dumber rent control proponents, oblivious to the fact those policies make housing more expensive. It’s also why most governments offer density bonus incentives or off-site options instead.