Tag Archives: Brickell Real Estate

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As we’re all dealing with the effects of COVID-19 in our lives, I want to share encouraging news: the government has approved the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act which will help millions of people in this critical time.

This sweeping legislation is unprecedented in the history of our nation and provides significant economic assistance to address the impact of the COVID-19. The CARES Act is over 800 pages long, but here are some of the economic provisions most relevant for you:

If you’re eligible for a cash payment

Most individuals earning less than $75,000 can expect a one-time cash payment of $1,200. Married couples would each receive a check and families would get $500 per child. That means a family of four earning less than $150,000 can expect $3,400.

If you or someone you know has a lost a job

States will still continue to pay unemployment to people who qualify. This bill adds $600 per week from the federal government on top of whatever base amount a worker receives from the state. That boosted payment will last for four months.

If you’re a small business owner

The bill provides $10 billion for grants of up to $10,000 to provide emergency funds for small businesses to cover immediate operating costs.

There is $350 billion allocated for the Small Business Administration to provide loans of up to $10 million per business. Any portion of that loan used to maintain payroll, keep workers on the books, or pay for rent, mortgage and existing debt could be forgiven, provided workers stay employed through the end of June.

If you’re a freelancer or independent contractor

Typically, self-employed people, freelancers and contractors can’t apply for unemployment. This bill creates a new, temporary Pandemic Unemployment Assistance program representing $600 per week through the end of the year helping people who lose work as a direct result of the public health emergency.

If you would like to learn more about all the contents in the CARES Act, please see this article:

Please do not hesitate to reach out should you have any questions, or if you would like to chat.

Stay safe and healthy.

Andres Larin

Brickell.com Nominated For Best Agent Website by Miami Agent Magazine

Our very own Brickell.com is up for the Best Agent Website Award by Miami Agent Magazine! This has been a year of rejuvenation and growth here at Brickell.com led by our founder Andres Larin. Our commitment to providing visitors of our site with up to date real estate listings and multifaceted content about our wonderful Brickell district and the larger Miami area has enabled us to be in the position we are in today. We pride ourselves on our hyper-locally focused website that brings the best user experience by offering a seamless search engine for Brickell Real Estate, in-depth analytics to buyers and sellers, and an effective marketing strategy that has a proven track record of getting results. Our continued dedication to excellence has enabled us to garner over 100,000 visitors in the last year alone. But our commitment to grow our site is at the core of what we aim to accomplish, so that we can serve as a hub for all things Brickell and Miami. To vote for us for the Best Agent Website award and more please visit Miami Agent Magazine!

Ultimate Guide to Renting a Condo in Miami

1. Looking for the best possible condo for you! 

The search is the first step to renting your very own condo. Keep in mind that the Miami area is filled with a multitude of enticing condo options and we here at Brickell.com are confident that our listings are the best and most comprehensive available. Head over to our rent tab where you will see a dropdown of all the best rentals in Miami. You can search by specific neighborhoods like Brickell, Brickell Key, Downtown Miami, Edgewater Miami, and Midtown. 

2. Contact Us!

Ok, so you’ve settled on a property that you think is right for you. Great! Now its time to get in touch with us using the Request Details Form on the left side of each property page. It is very important that if you are interested in a property you contact us within 6 weeks of your planned move-in date. This is due to the fact that landlords prefer to avoid keeping the property vacant for extended periods of time. 

3. Let’s Meet!

After you complete the Request Details Form one of our specialized agents will reach out to you to arrange a date and time to take you for a walkthrough of the property. Our agent will work according to your preferences and will recommend other options based on what you desire if your first option doesn’t fit your needs. 

4. This step is if you are unable to visit the property.

If you are unable to come along with our agent to visit the property we will be happy to use Facetime, Whatsapp or take a video to give you a thorough walkthrough of the property. We will also take detailed pictures and provide all the information you need to make the right decision. If you have any questions or concerns throughout the process do not hesitate to ask our agent.

5. Sign the Contract and Make the Offer

After you have made your decision to rent the property you will submit an offer through a Contract to Lease that your Realtor will prepare and forward to you to e-sign. If your offer gets accepted, the following step would entail the landlord signing a formal lease which is usually prepared by the landlord’s agent or attorney.

FAQ – Commonly Asked Questions

1. In Miami is the Real Estate Commission covered by the landlord?

Yes, in Miami the Real Estate Commission is covered by the landlord so the tenant does not have to pay at all. In other major cities like New York this not the case however.

2. How does payment work when renting a condo in Miami?

In Miami first and last months’ rent is paid upfront along with a one-month security deposit when leasing a condo. Keep in mind that most apartment buildings have lower deposit requirements which we provide on Brickell.com.

3. What are the documents that I should have prepared when making an offer to lease a condo in Miami?

The documents that are absolutely necessary when making an offer are your Photo ID, Proof of Funds(employment offer letter or 3 most recent pay stubs), and your most recent credit report with the credit score. This is necessary because some Landlords decide to go through their own approval process which mirrors the Association approval process. This is carried out first to see if they will agree to the Lease with you. 

4. When you rent a Miami condo who pays monthly condo association fees?

In Miami, the monthly condo dues or maintenance fees are paid in full by the landlord. Among the utilities covered include water, sewage, and trash removal. In the newer buildings, the condo dues may also cover services like TV and/or internet.

5. Is it possible to sublease a rented condo in Miami?

Unfortunately subleasing through AirBnB and other services is not permitted in Miami. You can only use these services if you own a property. 

6. What should I keep my eyes open for during the walkthrough?

Your agent will assist you in this process but be on the lookout for:

  • Cleanliness of the unit
  • Any damages that have not been reported
  • Fully functional appliances

Remember that you and your agent will be taking photos and videos the day of you gaining possession of the unit to document the condition. 

7. When will I receive my security deposit back from the landlord?

According to Florida law, the landlord has a total of 15 days to return your deposit if there are no damages. If the landlord decides to claim for damages, a written notice must be provided to the tenant by certified mail along with the landlord’s reason for writing the claim. If the tenant does not dispute the claim within the 15 day period of receiving the notice, the landlord must return the balance of the security deposit within 30 days after the notice was received.

8. After the expiration date on the lease, what should I do to get my deposit back?

Make sure you reference your lease. The standard Florida lease allows for normal wear and tear when it comes to renting a condo in Florida. Although, if the lease was drafted by the landlord’s attorney different stipulations may be involved. It sometimes occurs that landlords demand the property to be in the same or as close to the same condition as it was when the lease began. 

9. How long does it take to get back a Common Area Deposit?

1-2 weeks is the normal time frame following moving out of the building and contacting the building’s management office to formally request the return of your deposit.

10. What about breaking a lease if you’re renting?

Breaking a lease is not recommended but if you need to the fine is typically a 2-month penalty. 

UNA Residences to Rise High Above Brickell Waterfront

UNA Residences is an ultra-luxury pre-construction Brickell condominium development located in South Brickell at 25th Street and Brickell Avenue. The residential tower will soar 47-stories high making a mark on Miami’s famously recognized skyline. The project will house 135 luxury units with 2, 3, 4, and 5 bedroom floor plans. UNA Residences Brickell brought to the area by developer OKO Group and Cain International, is said to be move-in ready by summer 2021. Award-winning architect firm Adrian Smith + Gordon Gill Architecture (AS+GG) are not only the lead architect for the project, but they are also designing the interiors and common spaces.

UNA Residences’ Features

Living at UNA Residences Brickell is literally like living in the lap of luxury. Every residence will have its own private elevator entries. Floors 15, 16,17,18, and 37 will have 13-foot ceilings, while all other floors will have 11-foot high ceilings. Every unit will feature stunning views of Biscayne Bay. Living areas and bedrooms are situated along the waterfront providing unobstructed views.

All residences feature expansive terraces, which are integrated into bedrooms and great rooms. Floor-to-ceiling sliding doors create an open space with a seamless transition between the outdoors and indoors.   Warm, natural surfaces and materials are present throughout the units. Residences showcase chef’s kitchens with custom-built teak and walnut cabinetry, which are inspired by the interior of yachts with a sense of comfort. Units also feature organic porcelain tile floors, ivory-color countertops, and Gaggenau appliances.

UNA Residences’ Amenities

UNA Residences offers residents some fantastic amenities such as 24/7 concierge and security services, a lobby-level lounge area, a wellness center, a state-of-the-art fitness center, and entertainment options such as a catering room and a movie theater.   Resident who enjoy a little R&R will enjoy being pampered in the luxury spa with steam and sauna rooms. Pet-owners will love the dog walking area in this pet-friendly Brickell community.

For residents who enjoy the outdoors, UNA Residences offers really great features such as an entire 3rd floor water-facing terrace with outdoor amenities such as a pool, a lap pool, a family pool, a Jacuzzi, cabanas, and a grilling area all surrounded by lush foliage. Additionally, residents will have access to their very own private marina where they can dock their boats.

UNA Residences Brickell is located in the prestigious South Brickell area, which is conveniently located near Miami International Airport, Downtown Miami, Coral Gables, and South Beach. If you’re interested in more information regarding UNA Residences contact me at Brickell.com.

Brickell Miami

More Families Calling Brickell Home

The first thing that comes to mind when thinking about Brickell is high-rises, stop-and-go traffic, and nightlife, such as restaurants and clubs. Fast forward to 2018, and you might have to rethink your view of Brickell. Over the past few years, Brickell has seen an increase of families with young children, with more families calling Brickell home.

Greater Downtown Miamii

Brickell is part of the Greater Downtown Miami, which comprises 3.8 square miles south of 1-95, north of Rickenbacker Causeway, west of Biscayne Bay, and east of I-95. Six of the other neighborhoods that make up this area include Midtown, Edgewater, Historic Overtown, the Central Business District, Wynwood, and the Arts & Entertainment District.

More and more families are moving into Brickell, instead of opting for family-friendly suburbs. Despite being an urban neighborhood, it has a community feeling. Brickell is a very safe environment for children.

Formally, Brickell was not a family-oriented neighborhood. The area was mostly known as the largest financial business district of the South East. However, this notion has changed drastically. Nowadays, Brickell offers more places and events for children. Additionally, a lot of new developments include preschools.

The Miami Downtown Development Authority used data from the U.S. Census to analyze the demographics of Greater Downtown Miami They found that the population of Greater Downtown Miami has reached an all-time high of 92,235. That demonstrates a 65 percent surge from 2000 to 2010, and an additional 38 percent increase from 2010 to 2018. It is projected that the number will rise another 19 percent by 2021. Making the total population of Greater Downtown Miami to a whopping 109,617.

The most populous group in Brickell and Greater Downtown Miami are young professionals ranging between 25 and 44 years of age, equaling about 45 percent of residents. Surprisingly, the number of children 14 –years-old and younger has

soared to 11,484; that’s a 53 percent increase since 2010. The number of family household has grown 42 percent, totaling 47,958.

If you are interested in learning more about the Brickell area, contact me at Brickell.com. Together we can discover if Brickell is the right area for you and your family to call home.

Maizon at Brickell - Cover

Maizon at Brickell – Brickell’s Latest Pre-Construction Development

Brickell continues to be Miami’s “hotspot” for real estate development. Maizon at Brickell is one of the latest pre-construction developments to call Brickell home.
Zom, an Orlando-based apartment developer, and Invesco Real Estate, a global real estate investment manager, recently broke ground on this exciting new project.

maizon at brickell building

Maizon at Brickell promises to be one of Brickell’s most distinctive projects, as it will be comprised of both 8- and 19-story mid-rise and high-rise structures with an attached parking area. This development is set to have 262 units housed within a 23-story tower, as well as 21,000 square feet of retail space, and 2,500 square feet of office space.

Maizon at Brickell is within walking distance of Brickell City Centre, Mary Brickell Village, and Brickell Avenue and Miami Avenue shopping and dining. There are over 50 restaurants within a five-block radius of Maizon at Brickell, making this a fantastic choice for food connoisseurs. The development will feature courtyards, as well as an amenity deck and pool on the ninth floor.

maizon at brickell sidewalk view

The project location will be on Southwest 2nd Avenue between Southwest 11th Street and Southwest 12th Street. And, the project will replace a handful of older apartment buildings on the 1.27- acre site spanning across 1100, 1132, and 1141 SW 2nd Avenue, and 221 to 237 SW 12th Street.

Zom purchased the project location site for a little more than $6.7 million, and secured a $51.8 million dollar construction loan from Santander Bank. In total, Maizon at Brickell will span around 424,258 square feet and will include 366 parking spaces and 24 bicycle spaces.

Maizon at Brickell will be a rental community and ZRS Management will deal with leasing and property management. The development is slated to be completed in early 2019, and pre-leasing will begin in 2018. If you are interested in more information regarding Maizon at Brickell, contact me at Brickell.com, and I will be more than happy to help you learn more about this development or any other Brickell community.

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Top 3 Brickell Pre-Construction Projects

Brickell has a plethora of luxury condominiums built and move-in ready; however, Brickell’s pre-construction market continues to be a hot commodity. For those seeking to be the first residents to live in a unit, and experience all the glorious perks of a brand new building, Brickell is the place to experience the best of Miami’s pre-construction boom. This fantastic Miami neighborhood offers residents countless haute dining and opulent shopping options, as well as luxurious living spaces and great job opportunities. Take a look at the top 3 Brickell pre-construction projects, and be ready to move-in to the neighborhood.

Brickell Pre-Construction

One River Point

The One River Point condominium development is a lavish pre-construction development that will be located in the Brickell/Downtown Miami area along the Miami River. This development, which was designed by Rafael Vinoly, and was developed by Shahab Karmely, is expected to be one of the most iconic buildings in Miami’s skyline. The development will consist of two twin, 60-story towers that will be joined by a floating glass skybridge. All 404 residences in One River Point will offer residents beautiful views of Biscayne Bay, the Miami River, and the Brickell and Miami skylines. One River Point will grace residents with high-end amenities such as white glove concierge services, an 8,000 square foot riverfront restaurant and lounge, a 6,000 square foot fitness center, a poolside café, and a restaurant with butler service.

Aston Martin Residences

The Aston Martin Residences is a swanky development in the Brickell/Downtown Miami area. The development will be located on the vacant waterfront lot that is located immediately east of the Epic Residences. Located at the mouth of the Miami River, the Aston Martin Residences will offer residents breathtaking views of the entire area. The Aston Martin development was designed by Luis Revuelta from Miami and Bodas-Miani-Anger from Argentina. The building will rise 66 stories tall, and will include 391 condos. Hence its namesake, a design team from Aston martin will design the condo tower’s common areas and amenities, which include a fitness center, a spa, and a gorgeous lobby. Units will range in size from 698 square feet to 18,811 square feet. Construction of this highly desired building will begin in Fall of 2017 and will be completed by 2022.

Brickell Flatiron

Brickell Flatiron is said to be the most ultra-luxurious preconstruction development in Brickell. The building is slated to rise 64 stories high, and will include 548 condos. Brickell Flatiron was designed by world-renowned Revuelta Architecture International, and developed by Capital Group and CMC Group. Opulent amenities are aplenty at Brickell Flatiron, which boast a rooftop pool, a state-of-the-art fitness center, a cigar room, and a wine room. The onsite spa, Sky Spa, offers residents a hydrotherapy circuit with full amenities. Additionally, the Flatiron Theater will feature stadium seating and a concierge app that will meet the desires of even the most discerning individuals. Completion of this development is scheduled for Quarter 1 of 2018. Units in Brickell Flatiron are currently at the market ranging from $450,000 to over $1,260,000.

Brickell Pre-Construction Growth

If you are interested in living in one of these gorgeous Brickell pre-construction developments upon completion, contact me at Brickell.com or (786) 306-4287. Let me help you find your dream unit in the building that most suites your lifestyle needs. I will be glad to walk you through the entire purchase process from start to finish, so that you may begin living the Brickell-lifestyle as soon as the development is complete.

Should you buy or rent in Miami?

Elysee Miami panoramic view Brickell.com

To buy, or not to buy and rent instead, that is the question. For many of you who are planning on moving to Miami in the near future, or even those of you who already reside here, you might often ponder this quandary and find yourself groping for answers in the darkness. Well, we got some good news for you: a recent housing study, conducted by Trulia, has found an answer to this troubling question. The verdict? Buying a house in South Florida is definitely cheaper than renting.

To solve this puzzle, the average costs related to both buying and renting were calculated. In Miami-Dade, the median price for single-family homes and condos was roughly $241,000 in September, versus the $1,955 median monthly rent (In Broward, the numbers were $200,374 compared to $1,750). As far as down payments went, the study assumed that buyers would put 10 percent as a down payment.

After they “mathed” things up, it was found that buying is 43 percent cheaper than renting a home in Miami Dade County, and 44 percent cheaper in Broward. This is because renters in the southern end of the Sunshine State spend more per month on renting than they would on a mortgage without the benefits of building equity in a home.

Elysee Miami aerial view 02 Brickell.com

Although it is better to buy a house or condo, this is easier said than done. There is always much competition for the good deals on the market – many investors have been flocking to Miami to invest in condominiums and houses in the recent years, as discussed in a previous blog post. To make matters harder, the amount of houses and condos on the market for sale number a lot fewer than those for available for rent. In the coming years, Miami’s apartment pool will increase by 3,200 units, 1,000 of which are coming in 2016.

Despite buying being cheaper than renting, in the end it is ultimately up to you. Are you looking to invest, settle down, or own a getaway home? Or are you simply looking for short-term housing? Regardless of your answers to these questions, the Brickell.com team is always available to help you in your apartment search and is only one click or one call away (786-306-4287).

 

Based on: http://www.miamiherald.com/news/business/real-estate-news/article40508565.html

Compare the Prices of Brickell Pre-Construction Projects

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Miami’s real estate market has been on the rise for a couple of years now, and there is no evidence that it is slowing down. With so many investors, both from within the US and from foreign countries, many of which are from Latin America, as stressed in a previous blog post, condo towers have been springing up everywhere in Miami; there are over 10 pre-constructions in Brickell alone!

For those of you who might be thinking of investing in Brickell, be it for residence or leasing, we know how stressful and difficult of a decision this can be. There are so many factors one must consider, so many little details one must look into. To make matters even more complicated, every project and sales team claims that they have the best prices, amenities, and finishings. How is one to make such a daunting decision given the limitless number of options?

When it comes to amenities and finishings, there are often a surplus of renderings and videos (and often a model of the interior of the units) of the expected final product, making it easier for one to make judgements, as it all boils down to a matter of personal preferences and tastes. Figuring out the prices offered by different developments and comparing them to those of other projects is a whole other matter though, as they are infrequently provided by condo developers. Due to this rarity, the Brickell.com team has created visual graphs comparing the prices, both lowest and average per square foot, of all of the pre-construction developments in Brickell. In doing so, we hope to have helped all of you interested in investing, by letting you compare the prices of different condos to better decide which apartments fit your budget. All we ask is for you to remember that these prices are not set in stone, as they are subject to change depending on how many and at what rate units in these developments are being sold. Directly below are the two graphs, and below those, links to many of the pre-construction condos in Brickell.

 

Average Price Graph Lowest Price Graph

 

Pre-Construction Links:

 Brickell Ten

1010 Brickell

Bond Brickell

Brickell Heights

SLS Lux

SLS Brickell

Brickell City Centre

Edge on Brickell

Brickell Flatiron

Echo Brickell

Miami’s Next Colossal Development: Miami Worldcenter

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Earlier this year during summer, Miami Worldcenter officially submitted the plans for the project’s first phase of development to the city so that these could be reviewed. In September, the plan was finally approved unanimously by Miami’s City Commission, giving the behemoth development the green light to begin construction.

To be located just north of Brickell and encompassing the area west of Biscayne Boulevard between 2nd and 11th street, Miami Worldcenter will be situated in the heart of this concrete jungle. Until recently, the residency aspect of this two-billion dollar development had been kept somewhat of a secret; however this month further details were provided concerning the Miami Worldcenter Signature Tower. The building is to be called Paramount Miami and is to stand at 738 feet above ground level. It will contain 466 residential units for which “VIP Registration” can be attained by signing up at the building’s website.

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The Miami Worldcenter will also feature at least three other towers which, with the Paramount, will total to over 1,000 condo units. Additionally, this project will also consist of the Marriot Marquis World Convention Center Hotel, which includes around 1,800 rooms and over 500,000 square feet of meeting and convention space. The hotel will also include top-class amenities and a massive outdoor event deck. At the center of this development is the Mall at Miami Worldcenter, which will offer 765,000 square feet of retail, dining destinations, and entertainment. This colossal project is set to begin construction towards the end of this year or the beginning of the next.

 

 

 

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