Early Post-Recession Condo Completed

Newgard Development Group’s 374-unit BrickellHouse in Brickell has received its temporary certificate of occupancy and is moving forward with unit closings. One of the development’s distinctions is that it was the first residential high-rise in Miami to launch sales following the recession, back in 2011. Newgard chairman Harvey Hernandez tells us his company’s belief at the time that demand would be strong was confirmed when 90% of the units sold in just a few months. These days, the 46-story tower is completely sold out; unit owners will begin taking occupancy in November.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's South Florida Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Goldman Sachs Pays $154M For Davie Apartments: The South Florida Deal Sheet

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

Crystal Residences Offers A Model For Delivering New Housing And Lasting Community Benefits In Coral Gables

DFW Multifamily Distress Creates Opening For Investors As Development Slows