Downtown Miami Readies for $170M Condo Project

MIAMI-New condos will soon rise out of the dirt in Miami’s urban core. Newgard Development Group becomes the first to conceive a condo project since 2008—and it’s planned for the Brickell Financial District. Dubbed BrickellHouse, the 46-story luxury residential tower will break ground in the second quarter of 2012 and should open its doors in 2014.

“The launch of BrickellHouse is yet another indication of the strong demand for urban living in Miami,” Alyce Robertson, executive director of the Miami Downtown Development Authority, tells GlobeSt.com. “With occupancy at over 85% and rental demand still high, the residential condominium market in downtown Miami is on solid footing.”