Monthly Archives

September 2019

Habitat Group buys Land for New West Brickell Project

By | NEWS

Habitat Group paid $6.1 million for a site in west Brickell where it’s planning to build a hotel project.

Habitat Group, led by Santiago Vanegas, closed on the 10,500-square-foot lot at 1200 Southwest Second Avenue, according to property records. A spokesperson for the developer said Habitat is planning to build Brickell 12, a 96-key hotel project, on the site.

Fatima Investments Inc., led by Steven M. Lee, sold the corner parcel, which includes a 2,556-square-foot building. It last sold for $825,000 in 2003.

The property is across the street from Maizon, a 24-story, mixed-use apartment building at 1142 Southwest Second Avenue, as well as Soma at Brickell Apartments at 145 Southwest 13th Street.

Habitat Group is active in west Brickell. The company’s projects include Smart Brickell, Brickell Lux and Millux Hotel, according to its website.

Last month, Habitat Group announced that the second tower at Smart Brickell was converting to contracts with over 94 percent sold. Smart Brickell, a three-building condo-hotel complex, will offer owners the ability to rent their units out 24 times a year, or about twice a month. In all, the project will have nearly 300 units and about 12,000 square feet of commercial space for a cafe, restaurant and retail.

Brickell Lux, at 143 Southwest Ninth Street, will have 108 residential units, 60 hotel rooms and retail space.

 

https://therealdeal.com/miami/2019/08/15/habitat-group-buys-land-for-new-west-brickell-project/