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  #1  
Old Posted Sep 28, 2018, 7:14 PM
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MIAMI | 143 Southwest Ninth Street (Smart Brickell) | FT | 36 FLOORS

Habitat Group plans another mixed-use project in West Brickell



Quote:
Habitat Group, which is developing the mixed-use complex Smart Brickell, just bought another development site in West Brickell where it plans to build a hotel and condo project, The Real Deal has learned.

The firm, led by president and CEO Santiago Vanegas, paid $14.5 million for an apartment building at 143 Southwest Ninth Street in Miami. Vanegas said plans are to replace the existing building with a 36-story development that will include 108 luxury condos, 60 hotel rooms and 12,000 square feet of ground-floor retail space. Construction would begin in two years.

Constantino Heredia, broker and owner of CE Realty, represented the seller in the off-market deal. Records show the seller is W.G.R. Investment Inc., led by Evelio Garcia. The entity paid $1.2 million for the property in 1997.

The sale price for the 30,000-square-foot development site translates to $483 per square foot. The property now houses a five-story, 39-unit apartment building from 1968, records show. It is zoned for commercial, hotel and multifamily development, which allows 24 stories by right and 48 stories with a bonus, Heredia said.

Vanegas said the total cost of the development will be $59.6 million with a $48.7 million sell-out of the condos. There will be a $26.4 million valuation of the hotel and $6.6 million for the commercial space, for a total sellout of $81.7 million, and expected profit of $22.1 million.
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Last edited by Urbannizer; Jun 19, 2019 at 4:58 AM.
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  #2  
Old Posted Nov 14, 2018, 11:15 PM
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Demolition Underway At Smart Brickell Site, Groundbreaking Expected 1Q 2019





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Habitat Group has announced that they have sold out the first of three towers proposed at Smart Brickell, and started demolition at the site.

Two apartment buildings currently on the site are being demolished to make way for the first tower, the developer said.

Materials from the duplexes on the site now being demolished will be recycled for use in the new tower, as part of the developer’s focus on sustainability and environmental responsibility. LEED certification will also be obtained.

Groundbreaking is now expected in the first quarter of 2019, with completion in 2020.

Habitat has several other projects in the works in Brickell. They include an unnamed mixed-use hotel, residential, and retail project, one block from Smart Brickell. Habitat is also planning to develop Millux, which will include two hotels with 57 hotel rooms each three blocks away from Smart Brickell.
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Old Posted Jan 19, 2019, 4:46 AM
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Smart Brickell Gets Planning Approval, Applies For Construction Permit

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Miami’s Office of Zoning has granted approval for the Smart Brickell project, according to a notice posted on the city’s website.

A phased vertical construction permit is listed as pending, city records show.

Demolition was underway as of November, with the demolition permit approved by the city in September.

Sales for the project’s Tower 2 launched in November following sellout of the first tower. Groundbreaking is scheduled for Q4 2019.

Tower 2 is a 25-story tower that will include 50 hotel rooms and 50 condos. Units are being offered finished and furnished, with Airbnb or other short term rentals allowed up to 24 times annually.

Smart Brickell is planned to include three towers. Developer Habitat Group has several other projects planned in Brickell including Millux, with two hotels and 57 hotel rooms, and another mixed-use project.


Hernando Carrillo is the architect, with interiors by Arquitectonica. Cervera is handling sales.
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Old Posted Apr 2, 2019, 4:36 AM
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CONSTRUCTION NOW UNDERWAY AT SMART BRICKELL, WITH THREE TOWERS

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Developer Habitat Group held a groundbreaking ceremony for Smart Brickell on Friday.

The project includes three towers:

Tower 1 (50 hotel, 50 condo – sold out)
Tower 2 (50 hotel, 50 condo – 60 percent sold)
Tower 3 (97 rental apartments)
Short term leasing of condos is permitted up to 50 times annually.

Beauchamp Construction was selected as the project’s general contractor. Completion is scheduled for 2021.

Hernando Carrillo is the architect, with interior design by Arquitectonica.
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Old Posted Jul 11, 2019, 11:58 PM
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SMART BRICKELL TOWER 2 HITS 94 PERCENT SOLD, CONVERSION TO CONTRACT SOON



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The 25-story Tower 2 at Smart Brickell has reached 94 percent sold, developer Habitat Group announced in a press release.

Conversion to contract will begin at the end of this month.

“Smart Brickell is the largest project in Habitat Group’s portfolio and one of the most exciting to date,” said Santiago Vanegas, founder, CEO and president of Habitat Group. “With Tower 1 already under construction and Tower 2 going into contracts, this is a significant milestone during this cycle of the market. As a developer, this milestone signifies an important accomplishment and I am very proud of our teams for making it happen.”

Demolition is already underway at the site. Groundbreaking for Tower 2 is anticipated for early in Q4, with completion in 2022.

Tower 2 will include 50 hotel rooms and 50 condos with one and two bedrooms, bringing 30,000 square feet of new inventory to the market. Units will be fully finished and can be rented up to 50 times a year on short term platforms such as Airbnb.
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Old Posted Oct 8, 2019, 7:33 PM
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Old Posted Jun 15, 2020, 1:05 PM
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Old Posted Apr 3, 2021, 1:10 PM
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Old Posted Dec 29, 2021, 3:24 AM
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With First Two Towers Sold Out, Third Tower At Smart Brickell Launches



Quote:
Developer Habitat Group has announced they are launching sales for a third tower at Smart Brickell.

The first two towers are sold out and under construction, with delivery of Tower 1 expected in March 2022, the developer said in a press release.

Construction on the third tower is scheduled to begin in Q3 2022 with completion expected in 2024.

The third tower at Smart Brickell will be wider than the first two, allowing larger floor plans.

Smart Brickell’s tower 3 will include:

71 flexible-use condos (allowing short term rentals)
42 short-term lodging units
rooftop bar and lounge
ground floor bistro restaurants
one valet parking space per unit
All of the units will be fully finished and furnished, and allow short term rentals through platforms such as Airbnb.

Cervera Real Estate is handling sales.
===============
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  #10  
Old Posted Jun 20, 2023, 12:57 AM
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  #11  
Old Posted Aug 7, 2023, 1:55 AM
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Tower 3 now has a fresh redesign and has been rebranded to: Smart Brickell Luxe





Likewise, tower 2 has officially began construction.


https://twitter.com/volvoshine/statu...56650539794432 Via: Ryan RC Rea/Volvoshine!

Smart Brickell's facebook page also confirms this.
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Old Posted Aug 31, 2023, 3:50 AM
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25-Story Smart Brickell Reaches Completion, Second Tower Underway
https://www.thenextmiami.com/25-stor...ower-underway/

Quote:
A 25-story Brickell tower has reached completion, while a second is underway, according to an Instagram post by its developer.

“We are so excited to announce that we have TCO for Smart One and here comes Smart Two,” developer Habitat Group wrote yesterday, along with a video showing foundation work.

Yet another tower is also in the works.
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  #13  
Old Posted Jan 15, 2024, 10:27 PM
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Linkvest Secures Construction Loan for Brickell Residential Tower
https://www.connectcre.com/stories/l...dential-tower/

Quote:
Linkvest Capital closed a $12.5 million construction loan for the second tower of Smart Brickell located at 258 SW 9th in the Brickell neighborhood of Miami. This mixed-use development comprises 100 residential units with a combined net livable area of 53,658 square feet.

Habitat Group has completed the first tower of the project. The second tower, featuring 50 luxury condominiums, 50 hotel units and four commercial spaces, is slated for delivery in the fourth quarter of 2025.
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