The Bond At Brickell – 1080 Brickell | 43 Floors | 491 Ft | Under Construction

Project Data:

Groundbreaking date: January 2014
Location: 1080 Brickell Avenue
Developer: MDR Toledo owner. Rilea Group manager
Architect: NBWW
Cost:
Height: 43 Floors
Units: 328 residential
Contractor: Coastal Construction

Update 4/30/2013

Sales to launch this week

—————

Earlier:

The 1080 Brickell site, which is approved for a 43-story, 328-unit residential tower, has reportedly been purchased by Spanish developers this week for $17 million.

http://www.bizjournals.com/southflorida/blog/2012/05/rilea-group-selling-brickell-condo.html






16 Comments

  1. langbro

    May 21, 2012 at 8:13 pm

    The buyer – and new developer – is MDR Toledo, which is managed by Madrid residents Manuel Moratiel Llarena and Maria Moratiel Del Pilar Entrena.

    SEC filings show that they are from Madrid, and controlled over 5% of Teco Energy shares, which is worth over $200 million as of today’s price. They also have other holdings in real estate and numerous other companies.

  2. langbro

    May 24, 2012 at 2:17 pm

    Paola Iuspa-Abbott of the DBR spoke with the lawyer of the buyer. The new owner still plans to demolish the garage and build a larger one for both the office and residential tower, however they plan to build less than what was projected since the approved project is fairly big.

    They still have the old MUSP which expires in 2014.

  3. langbro

    May 30, 2012 at 12:47 am

    The transaction took place in less than a month, with negotiations commencing in late April.

    From the DBR today:

    1080 Brickell LLC, got site plan approval from the city in 2006. The approval, known as a Major Use Special Permit, would allow MDR to build a 41-story high-rise with up to 315 residential units, 1,250 square feet of retail space, and a parking garage for 637 cars to serve residents and office workers from 1110 Brickell Ave. The approval is valid until 2014.

    Now the site is home to a parking garage that serves the 1110 Brickell Ave office workers.

    Another challenge Rodriguez-Taseff and Lapides helped their client overcome was the limited space around the property to stage a construction site.

    “The property has zero space, so from a construction standpoint it is going to be like building in Manhattan, with all the buildings adjacent to each other,” Lapides said. “We had to come up with a plan.”

    Part of that plan was to find alternative parking for the construction and office workers during the construction period.

    “We had to give our client comfort knowing that these problems can and will be solved,” he said. “We had to work with the mayor’s office and the Miami Parking Authority on what we can do to alleviate all those construction issues.”

  4. sandman

    February 14, 2013 at 8:30 pm

    Plans are currently being processed for 1080 Brickell.

    The project is proposed to have 328 apartment units and 1,002 sf of retail space.

  5. Tim

    April 26, 2013 at 3:10 pm

    Any update on this project? groundbreaking date? Sales? I have some prospect buyers asking about this project but nothing out there so far. I called the developer(Rilea Group)

    and asked about the project, they took my number to call back but no one called me back. I am wondering if the developer will move forward on this project soon.

    Thanks
    Tim

  6. langbro

    April 30, 2013 at 3:27 pm

    The building name is “The Bond At Brickell” and will be built as shown above with LEED silver certification.

    The project will be officially unveiled tomorrow. Buyers will be able to sign contracts for an assigned unit number.

    Rilea Group is managing the project.

  7. UMdev

    May 2, 2013 at 6:18 pm

    The project will be inspired by Bond street in London. Expected completion is 2015.
    [FONT=arial]Starting prices:[/FONT]

    • Studios (558 sq.ft)- $280k plus
    • One Beds (881 sq.ft)- $310k plus
    • One Bed & Den- (990 sq.ft approx.)- $400,000 plus
    • Two bed- (1211 sq.ft approx)- $490k plus
    • Three Beds (1710 sq.ft Approx. )- $950,000 plus

    Deposit Schedule:

    • 10% now
    • 10% August Sept. (contract)
    • 20% November/Dec.
    • 10% end of 2014
  8. langbro

    May 2, 2013 at 6:37 pm

    Here are photos from the launch part last night:
    http://www.soflanights.com/?p=74092

  9. Sean

    May 2, 2013 at 7:50 pm

    If that’s inspired by Bond Street in London then I’m the Queen of England.

  10. langbro

    May 2, 2013 at 9:27 pm

    Interiors by Loguer Design, with offices on Brickell
    http://www.loguer.com/residencias/?lang=en

    Does not appear that they have done anything on this scale before.

  11. sandman

    May 3, 2013 at 4:23 am

    More details:

    Contractor is Coastal Construction.

    Via @JerMiami, photo of buyers frantically placing deposits on opening sales day:

    Brochure:
    [embed]http://www.scribd.com/doc/139194515″]

  12. sandman

    May 6, 2013 at 9:59 pm

    130 units reserved on the first night.

  13. UMdev

    May 15, 2013 at 5:42 pm

    Rendering of the Brickell Ave. entrance from Miamicondolifestyle:

  14. sandman

    May 24, 2013 at 2:25 pm

    Demolition permit for the site is now active.

  15. UMdev

    June 10, 2013 at 2:06 pm

    On Brickell Avenue, Rilea Group Inc. notes 30 percent of the 323-unit Bond at Brickell were reserved during a launch party last month. Yet Rilea vice president Diego Ojeda said his family’s company won’t deviate from its current plan for a January 2016 completion despite the initial buyer response and competitive development landscape.

    http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1202603428723&New_Wave_Of_Condo_Developers_Tout_A_Stronger_Foundation&slreturn=20130510095120

  16. Lennis Vielma

    April 4, 2014 at 4:16 pm

    Hi I will like the price for the 2B 2B with BAY VIEW or CITY and BAY VIEW. When is the date for completion. Is there is an office open tomorrow Saturday?
    Thank you.

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