Newgard Posts a 'First' in Brickell

MIAMI—BrickellHouse, a 374-unit luxury condo in Downtown Miami's Brickell Financial District, is complete. Newgard Development Group received its temporary certificate of occupancy (TCO) and residents will begin moving in during November.

BrickellHouse is the first residential high-rise to launch sales following the 2008 economic downturn. The 46-story tower is completely sold out and wins bragging rights as one of the first newly-constructed buildings to come online during this real estate cycle.

“With BrickellHouse, Newgard was the first to launch pre-construction sales on a luxury condo after the recession,” says developer Harvey Hernandez, chairman and managing director of Newgard. “We believed there was a strong demand for new luxury product in Miami's urban core and when we sold 90% of our units in just a few months, we confirmed it.”

BrickellHouse condos range in size from studios and one-, two-, three-bedroom units, to 7,000-square-foot penthouses. The $190 million luxury development features bay, ocean, and skyline views, as well as amenities like a 46th-floor rooftop pool deck, health spa and fitness center, and a fully-automated robotic parking garage system.

Newgard isn't resting on its laurels. The developer recently formed a joint venture with Midgard Management Company to re-imagine One Flagler Building in Downtown Miami. The joint venture is investing $10 million in renovations to improve the user experience as it prepares to sell pre-leased office condos to investors. One Flagler is located at 14 Northeast First Avenue.

Newgard is also underway with the 352-unit Centro condominium, which is rising in the heart of Downtown Miami. The firm recently announced a limited time offer that will give Centro buyers a free one-year Car2Go membership.