MIAMI—Demolition work at the Le Parc at Brickell condominium site is underway. Crews are officially preparing the land for construction by knocking down a structure on the property to make way for the 12-story luxury condo.

A joint venture partnership between South Florida-based real estate developer trategic Properties Group and ALTA Developers (a collaboration between Aconcagua, the largest publicly-traded residential developer in Chile, and Miami-based Archiplan USA) are developing the property. Preconstruction prices range from the low $300,000s to about $700,000. More than half of the building's 128 units already sold.

“We are excited to celebrate the initiation of the demolition work that will bring us closer to the start of construction of Le Parc at Brickell,” says Strategic president Henry Pino. “As we approach groundbreaking, we will continue to work towards delivering a high-quality development that residents will enjoy.”