X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the multifamily market, click here.)

MIAMI-Emerald at Brickell, a 27-story, 142-unit residential condominium at 218 SE 14th Ave. in the financial district, tops off 93% pre-sold. The developer is a joint venture between Hollywood-based Sun Vest Communities and Hamilton Investment Group, headquartered here.

Louis Birdman, a SunVest principal, tells GlobeSt.com the all-in cost, including land acquisition, is $45 million, and he anticipates a sell-out of about $62 million. Locally based Fullerton Diaz is architect for the building, which is named for its emerald-color glass exterior.

Among the amenities are individual wine cellars and cigar humidors; a rooftop clubhouse, pool and fitness center; dog walk, concierge, valet parking and 24-hour security. An eighth-floor garden level contains a private café with outdoor seating.

Residential units range from 650-sf, one-bedroom layouts to penthouses that contain a total of 4,500 sf, including large roof decks. Prices begin in the low $300,000s and reach to just over $1 million. Birdman expects the first move-ins to begin in late first-quarter 2006.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.