EnV at Mary Brickell Village — one of Miami’s most talked about
new rental apartment projects — won’t be a rental after all.
Seizing on the red-hot demand for pre-construction condominiums in the Brickell area, the developers switched the project to a condominium, dubbed Nine at Mary Brickell Village.
The tower, which will remain 390 units spanning 34 floors, is under construction above the Publix at Mary Brickell Village at 999 SW First Ave.
Fortune International was retained to market the project, which is co-developed by Greenwich, Ct.-based Starwood Capital Group and San Antonio-based Lynd.
The switch to a condominium from a rental building could bring the developer more profit and more quickly, experts say. The move comes as numerous other new condo towers have been attracting cash-rich foreign buyers and prices in the downtown Brickell area have rebounded impressively from the housing crash as nearly all the overhang of condominums from that dark era have been absorbed.
Read more here:http://www.miamiherald.com/2013/08/22/3580110/brickell-apartment-project-changes.html
Seizing on the red-hot demand for pre-construction condominiums in the Brickell area, the developers switched the project to a condominium, dubbed Nine at Mary Brickell Village.
The tower, which will remain 390 units spanning 34 floors, is under construction above the Publix at Mary Brickell Village at 999 SW First Ave.
Fortune International was retained to market the project, which is co-developed by Greenwich, Ct.-based Starwood Capital Group and San Antonio-based Lynd.
The switch to a condominium from a rental building could bring the developer more profit and more quickly, experts say. The move comes as numerous other new condo towers have been attracting cash-rich foreign buyers and prices in the downtown Brickell area have rebounded impressively from the housing crash as nearly all the overhang of condominums from that dark era have been absorbed.
Read more here:http://www.miamiherald.com/2013/08/22/3580110/brickell-apartment-project-changes.html
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