X Miami Already 40 Percent Leased; 73 Units Occupied At Panorama Tower

Two newly opened luxury apartment buildings in downtown Miami and Brickell are filling up fast with renters.

At X Miami, which celebrated completion yesterday with a grand opening party, around 40 percent of units are already leased, the developer told WSVN. With around 464 units, that means nearly 200 have been leased.

A second X Miami building is already being planned, according to WSVN.

Panorama Tower in Brickell expects to have leased a similar number of apartments leased shortly. A spokesperson for the developer told the Sun Sentinel on July 2 that 73 units were already rented, with another 100 expected to be filled this month.

Both buildings appear similarly priced at around $3 per square foot, but units at Panorama are bigger (and premium pricing is being charged for higher floors).

Panorama’s developer is also planning another rental tower, One Bayfront Plaza.

 

(above photo: phillip pessar)