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Related Group To Develop Two Major Multifamily Projects

MIAMI-One of the two condominium projects is planned for 43 stories in the prestigious Brickell area, while the other is planned for Mercy Hospital property, which Ocean Land Equities has signed an agreement to buy for $96 million.

By Melissa Bogdany | Updated on November 23, 2004

MIAMI-The Related Group of Florida is planning to develop two more condominium developments in Florida, one of which will consist of 633 residences in 43 stories.

That project, 500 Brickell, is slated for the prestigious Brickell neighborhood in Miami’s central business district. The high-tech condominium will be a Smart building, which will provide residents with WiFi technology through a smart panel and touch screen TV, to access building services, the web, e-mail, and music and video features. The unit prices will range from the $200,000s, and sales are scheduled to start next month.

“500 Brickell is about putting the future into residents’ hands. It’s about simplifying busy routines into turn-key, luxurious lifestyles through technological advances,” project manager John Chappelear says.

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