A significant new development is on the horizon for Miami’s bustling Brickell financial district. A joint venture between Prosper Group of Miami and Belgium’s Versluys Group has officially announced plans for a $650 million ultra-luxury tower. This ambitious project is set to redefine the Brickell skyline and offer high-end residential living.
Key Takeaways
- A new $650 million ultra-luxury tower is planned for Brickell.
- The development is a joint venture between Prosper Group and Versluys Group.
- The tower will feature 158 residences, with completion expected in 2028.
- The project is situated on three parcels with over 300 feet of direct river frontage.
A Prime Location
The new tower will rise on three strategically acquired parcels located at 99 SW 7th Street, 66 SW 6th Street, and 625 SW 1st Avenue. These sites boast over 300 feet of direct river frontage, offering potential residents stunning views and a prime waterfront address within the heart of Brickell.
Project Details and Timeline
The joint venture plans include the development of 158 luxury residences. Construction is slated for completion, with delivery anticipated for 2028. The overall valuation of this high-profile development is estimated at $650 million, underscoring the scale and ambition of the project. It’s worth noting that previous plans for a roughly 730-foot tower on the same site were submitted to Miami’s Urban Development Review Board in 2023 by the former property owner, indicating the site’s long-standing potential for significant vertical development.