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Related Group buys 444 Brickell

Related Group buys 444 Brickell

Andres Larin
Post by Andres Larin December 16, 2013

heraldimageAn exciting development in the ever-vibrant Brickell community is the recent purchase of the address 444 Brickell by real estate powerhouse Related Group, the nation’s leading builder of luxury condominiums and multi-family residences. Related, which is partnering with a New York equity fund, has announced the purchase on the four-acre site, located where Brickell Avenue meets the Miami River, including the 1973-vintage Rivergate Plaza building, home of The Capital Grille, the old General Services Administration building next door, and a parking lot. The prestigious group has plans for three tall towers at 444 Brickell Avenue, including residential, hotel, office, and retail space.

Specifically, the mega-project, dubbed One Brickell, is expected to include three skyscrapers rising 80, 70, and 55 stories, and will encompass more than 4 million square feet, including 2 million sellable square feet. Matthew Allen, Related’s chief operating officer, said it will take years to develop the project, which “will be well over $1 billion in investment.”

“This is the most important development in the urban core,” Related’s chairman and CEO, Jorge Pérez, said in a statement. He added: “One Brickell is the link that will unify the neighborhood by bringing pedestrian-friendly walkways from east Brickell all the way to Brickell CityCentre. Our vision will meet the robust demand for additional residential, hospitality, and entertainment facilities in the area.”

Related is known for such prominent projects as Brickell House, Baltus House, the SLS Hotel & Residences, Millecento, MyBrickell, and Icon Bay. The award-winning group has been successfully and continually providing South Florida’s finest luxury condominiums since its inception in 1979. We are excitedly anticipating yet another fantastic site to come to our favorite Miami community.

Whether you’re buying, selling, renting, or investing, the proven team at Brickell.com is energetic and well-equipped to meet your needs. The only thing we’re more passionate about than Brickell Condos is our client’s satisfaction. To learn more, call us at 305-379-0203.

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