Russian Developer Investing At Brickell Flatiron

Russian Developer Investing At Brickell Flatiron

Russian developer Vladislav Doronin of Capital Group has decided to join the group of Russian developers investing in Miami. Veteran Miami developer Ugo Colombo is finalizing negotiations to jointly develop a high-end condominium, the Brickell Flatiron with Vladislav Doronin.

A new rendering of the Brickell Flatiron project shows a flowing, curvy structure soaring 65 stories on a triangular lot at South Miami Avenue and Brickell Plaza. Plans for the fledgling partnership include developing a second tower on a lot Doronin controls at Brickell Plaza and Eighth Street, according to Colombo, of CMC Group Inc.

Colombo plans to launch sales of units at the Brickell Flatiron, 1001 S. Miami Ave., on Tuesday. The Flatiron name — most famously associated with the iconic Flatiron building at Fifth Avenue and Broadway in Manhattan — comes from the triangular shape’s resemblance to the old-fashioned clothing flatirons that were heated on stoves.

The project — which comes as the Brickell neighborhood is in the midst of a condo building boom — is planned to include 552 units and 40,000 square feet of retail development, including restaurant, lounge and shop space. Units will have an average size of 1,250 square feet. Plans for penthouse units are yet to be announced.

The 750-foot skyscraper is designed with floor-to-ceiling glass exteriors throughout the units, which will feature 11-foot-deep, elliptical balconies. “I’m very hands-on. I like to get involved in the details,” said Colombo, whose earlier projects in Miami include Epic and Santa Maria.

The developer plans to use the Latin American financing model that has been used in the current round of condo projects, relying on large deposits from unit buyers to fund much of the construction.

CMC will require a 20 percent deposit from buyers upon signing a contract, 10 percent at groundbreaking, 10 percent when construction reaches the 18th floor pool level and 10 percent at top-off. * Article reported by The Miami Herald.

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.comTime is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com