Brickell's Luxury Condo Boom Continues with Aria, Largo & Place Projects' $77 Million Development

A trio consisting of Aria Development Group, Largo, and Place Projects is spearheading the development of a new condominium complex in Brickell. The project involves the demolition of a defunct apartment complex to make way for a luxurious 105-unit condominium development known as 2200 Brickell. Prices for units in this high-end Miami area start at $1.2 million, reflecting the upscale nature of the project.

Property Acquisition and Financing

According to the South Florida Business Journal, the property was purchased for $12.75 million in 2021. To facilitate the construction, the development group secured a substantial $77 million construction loan from Bank OZK in late 2023. This financial backing underscores the significant investment and confidence in the project's success.

Diverse Unit Offerings

2200 Brickell will offer a diverse range of unit sizes to cater to various preferences and needs. Units will span from 590 square feet with one bedroom to spacious 1,846 square feet layouts featuring four bedrooms. Additionally, the development will include villa-style units, providing even more options for potential buyers seeking luxury living spaces.

Luxurious Amenities

The condominium complex is set to feature an array of upscale amenities aimed at enhancing residents' lifestyles. These amenities include a rooftop pool and outdoor spa, a pickleball court, a summer kitchen, an outdoor fitness center, an indoor fitness center, and electric vehicle charging stations. These offerings aim to provide residents with a comprehensive living experience that combines comfort, convenience, and leisure.

Construction Timeline and Contractors

Construction of 2200 Brickell is expected to be completed by 2026, marking a significant milestone for the development. Ortega Construction Co., based in Miami, has been appointed as the general contractor for the project. Their expertise and local presence are expected to ensure the timely and successful execution of the development.

In summary, the collaboration between Aria Development Group, Largo, and Place Projects is bringing forth an ambitious condominium development in the affluent Brickell area of Miami. With a focus on luxury, diversity, and top-tier amenities, 2200 Brickell aims to set a new standard for upscale urban living in the region.