MIAMI–Construction on Miami's Brickell district's own version of New York City's famous Flatiron Building is coming along. CMC Group has announced that vertical construction of the 64-story luxury condo tower has reached the halfway mark, with workers just having finished the skyscraper's 32nd floor.
As CMC Group makes progress on the building, it is also reporting that approximately 75% of Brickell Flatiron's 549 units have been sold and are currently under hard contract, with about 8 out of 10 condo sales within the last 30 days coming from buyers within the northeastern US.
Top-off is expected later this year at a pace of about one full level expected to be completed every week going forward. When it delivers in the summer of 2019, the 736-foot-tall high-rise is slated to become one of the tallest residential towers in the US.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
