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Miro brickell12/31/2023 ![]() The following month, the investor bought a newly-built multifamily property near Sweetwater for $50 million.Ī representative for Alliance Residential did not immediately respond to a request for comment. In March, it spent at least $400 million for the ParkLine Miami, an 816-unit complex in Downtown Miami, which remains Miami’s priciest multifamily trade this year in gross terms. The firm has become one of more active investors in the region. Situated in the center of metropolitan Miami, Miro Brickell offers the perfect combination of relaxation and excitement. The Brickell acquisition will bring HGI’s Miami portfolio to seven properties, which together span 1,500 apartments. The property is about 95 percent leased, per HGI’s representative. Monthly rents at Miro range between $2,828 and $4,539, per. Just this week, Sidley Austin inked a 60,000-square-foot lease at the 830 Brickell development, which has lured Microsoft, Marsh Insurance, and other billion-dollar companies as tenants. Earlier this year, financial heavyweight Citadel announced that it’s relocating its global headquarters to Brickell. “Miami is a priority market for HGI given its long-term multifamily fundamentals driven by corporate expansions and in-migration trends, leading to strong investment opportunities,” HGI president Richard Litton said in a statement.īrickell, Miami’s financial district, has attracted much of the corporate migration. When tranquility is essential, enjoy our sparkling resort-style pool or. It was financed by New York Community Bank and sourced by Meridian Capital Group, said a spokesperson for HGI, who declined to comment on the loan’s amount. Situated in the center of metropolitan Miami, Miro Brickell offers the perfect combination of relaxation and excitement. ![]() The sale to HGI works out to $496,000 per unit. Alliance purchased the 1.8-acre site for $20.2 million in 2014 and nabbed a $75 million loan from JP Morgan Chase the following year, according to property records. ![]() This apartment lists for 2375-4155/mo, and includes studio-2 beds, 1-2 baths, and 458-1524 Sq. The Arizona-based seller, Alliance Residential Company, completed the 24-story building in 2017. Learn more about Miro Brickell Apartments located at 255 SW 11th St, Miami, FL 33130. Barry Brickell also exchanged his pottery with a local landowner for old rotten rock to use as ballast, and pine logs felled on the property were supplied to the local sawmill to be cut and treated for sleepers.SEE ALSO: BARDAS, Bain Capital Announce $600M Hollywood Studio Project The railway was originally financed by sculpture and domestic pottery sales as Barry Brickell “preferred to steer clear of any form of shareholdership and retain full control of my project.” Being on a dubious budget, Barry Brickell resourcefully and fortunately purchased old mining rails from the recently closed State Coal Huntly. All of the materials from the first railway were reused in the current railway.īarry Brickell constructed the narrow-gauge railway as an all-weather, environmentally-benign, aesthetically-pleasing and economically-sound way to transport large quantities of clay 50 metres from the original clay pit to the pugmill in the pottery. After Barry Brickell’s kiln smoked out his neighbours, which resulted in a number of sculptures being given in repayment, he moved the kiln up the hillside and built a 250 metre railway, with bridge and tunnel to transport wood and sculptures. Driving Creek Railway is the second railway Barry Brickell built, with the first being located down the road.
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