Brickell City Center Buyer Commission Rebate Offer
Brickell City Centre is a $1.05 billion shopping and mixed-use project that will, when finished, span up to five blocks to the west of Brickell Avenue and to the south of the Miami River, in the Brickell district of Greater Downtown Miami, Florida. It will be anchored by a 107,000 square-foot Saks Fifth Avenue. The project is located between 7th and 8th Streets on both sides of South Miami Avenue and east of South Miami Ave on the north side of 7th Street. Additionally, it may expand to develop two more blocks that Swire already owns at 700 Brickell Avenue and 6th Street.
The project is being developed by Swire Properties Inc (the US subsidiary of Hong Kong-based Swire Properties), and will span 9 acres, including a department store, luxury shops, restaurants, hotel, office towers and condominiums. The hotel flag was awarded to EAST, a Swire Hotels brand, which will be their first venture in North America. Currently there are EAST hotels in Hong Kong and Beijing, China. In February 2013, Swire Properties and the owners of Bal Harbour Shops announced that they had come to an agreement to co-develop the retail portion of the development. Later, in 2015, mall developer Simon Property Group also became a retail partner. Parts of the project are expected to open by the end of 2015, while the retail portion may open by the end of the following year.
The development was originally proposed as a complex of four skyscrapers was approved by both the City of Miami and the Federal Aviation Administration, but the entire complex was cancelled in 2008 due to poor market conditions.
In June 2011 the project was revived by Swire Properties, and the complex is now planned to consist of four stories of retail and entertainment space, topped by six smaller towers; two residential, two office, a wellness tower and a hotel. Arquitectonica remains as the architect. Two additional lots were bought by Swire in 2011: (Brickell Tennis Club and Eastern National Bank building) in order to qualify for Special Area Plan zoning, making the entire development site over 9 acres (36,422 m2); this will also allow direct access to the Eighth Street Metromover Station, which will be renovated and integrated into the development. The project will also contain two levels of underground parking, covered sidewalks, and interconnectivity between all the buildings. Underground parking in South Florida is a rarity due to the low elevation above sea level. The City Commission gave the project its final approval in July 2011.
On July 15, 2013, It was announced that Swire Properties had purchased an adjacent site at 700 Brickell Avenue in Miami, formerly the regional headquarters of Northern Trust Bank. The lot totals 1.55 acres and was purchased for just over $64 million. In September 2013, Swire announced the plans for the site, which include the previously purchased Eastern Nation Bank building. The proposal is for a future phase of the project which includes an 80-story tower, called One Brickell City Centre, which will include retail, Class-A offices, condominiums and hotel space. The building was originally proposed at 1,102 feet (336 m), but was later reduced to 1,040 feet (320 m), at which height it was approved by the FAA.
Towering over the five-story mall that covers the majority of three city blocks are three high rises, known as “EAST”, “Reach”, and “Rise”. Each is just over 500 feet (150 m) with over 40 floors. There is also proposed tower known as One Brickell City Centre. Its height has been approved by the FAA and it would be the tallest building in Miami.