2007 Third Quarter Construction Tour: Brickell
July 2, 2007
Image: View of Brickell Village from north entrance to the Miami River
This week we’re going to take a tour through Brickell Village, the CBD, and Uptown to take a look at the third quarter status of recently topped off buildings, ongoing construction, and recently started foundation work:
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Brickell Station Villas (construction)
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The Plaza (topped off)
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Brickell on the River Phase II (topped off)
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Mary Brickell Village (partially open)
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1450 Brickell (foundation work)
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Brickell Financial Center (Foundation Work)
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There are several projects that have yet to see activity on their sites:
No Activity and Scrapped
- Capital
- Coral Station
- Premiere Towers (scrapped)
- The Pointe (scrapped)
- Infinity II
- 1201 Brickell (probably scrapped)
- Columbus Centre
- 1390 Brickell Bay (scrapped)
- Flatiron (scrapped)
- Villa Magna
Recently Built:
- Jade
- Carbonell
- The Club
- Solaris
- Emerald
- Sail
- Latitude I
- Neo Vertika
- Skyline
- One Broadway
- Vue
- Brickell on the River
By the way, does any one know what this is?
Post Script: Do you think this report missed something? If so, Contact BoB. Your input is appreciated.
Entry Filed under: BoB Articles. .
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1.
Matt Heitzenroder | July 2, 2007 at 1:54 pm
Why do you think it is 5+ buildings got scrapped and so many others are not showing any activity?
2.
Juan Ortega | July 2, 2007 at 2:07 pm
Matt,
Presales are probably very slow or nonexistant for the scrapped/stalled projects. A developer can’t obtain construction financing without presales…
3.
Xavier Zayas-Bazan | July 2, 2007 at 3:17 pm
Its hard to say which ones are scrapped until the developer puts out the plans and plot for sale. Naturally, they want to avert the financial and reputation damage so will explore all avenues prior to officially scrapping the project. In the meantime, the site sees little to no activity. For all we know, many more have actually been scrapped.
4.
Matt Heitzenroder | July 3, 2007 at 1:37 pm
SO do you think that is an indicator that there is/was too much development?
I read an article the other day that there might be as much as 85% investors/speculators buying the condos in the MIA market.