West Brickell: The Next Frontier?

As Brickell goes, so goes West Brickell, according to Sterling Equity Realty Commercial’s Mika Mattingly, characterizing West Brickell one of the next frontiers for developers and investors. Recently she repped the sellers of two small multifamily properties totalling 10 units at 221-233 SW 12th St. Cumbria Apartments, repped by Gabriel Reategui Real Estate & Investment, was the buyer. The parcel was part of a larger assemblage, Mika says, allowing the buyer to acquire almost half a city block in West Brickell.

The buyer clearly recognized the opportunity and submitted a purchase price above asking after only two days on the market, she explains. With Mary Brickell Village and the completion of Brickell City Centre in 2015, the area’s on the up-and-up. Other projects underway in West Brickell include Brickell View Terrace, Broadstone Brickell Lofts, City Crossings, and La Parc at Brickell.

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

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

How A New Financing Model Helps Spur More Mixed-Income Housing