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SMART BRICKELL HAS REACHED THE EIGHTH FLOOR OF CONSTRUCTION

By | NEWS, PRESS RELEASES

The 25-story Smart Brickell is making good construction progress, new photos show.

The project will include three towers at the same height. Only the first tower is now rising.

Photos released by developer Habitat Group on October 9 show that the first tower had reached the eighth floor.

A foundation pour for the tower took place in March.

The first tower will include 50 hotel rooms and 50 condos. It is being funded by a $24 million loan from ocean bank.

At the ground floor, the project will have 12,000 square feet of commercial set aside for retail, cafe or restaurant.

Habitat is the developer. Beauchamp is the construction contractor.

 

$24M Brickell District Loan Starts Miami Hotel-Residential Project

By | NEWS

A three-tower residential-hotel project in Miami’s booming Brickell Financial District got a $24 million boost in the form of construction financing.

Smart Brickell will have two hotel-condominium towers and one apartment tower on 1.23 acres southeast of Interstate 95 and Southwest Eighth Street.

Miami-based developer Habitat Group secured the loan from Ocean Bank for the development at 239 SW Ninth St. on Jan. 31.

Habitat Group founder, president and CEO Santiago Vanegas and development director Valentina Perez-Cea led the team in closing the transaction.

The financing will be used at least for the first 25-story tower, which is to be completed early next year. It will have the 50-key Smart Brickell Hotel and 50 condo units, which are sold out. Tower 2, which is soon to break ground for delivery in late 2021, also will have a 50-key hotel and 50 condo units. It’s 90% sold at prices ranging from $300,000 to $600,000.

The 97-unit multifamily tower is planned in the future without a hotel.

The project is rising west of tony Brickell Avenue. The neighborhood has evolved beyond the office base and is attracting residents seeking the live-work-play lifestyle that allows them to walk to work and entertainment.

A project like Smart Brickell is a good addition that the city needs, said Alicia Cervera Lamadrid of Cervera Real Estate, which is leading the condo sales.

“Smart Brickell is confirmation that buyers are looking for flexibility and ease of use for their investments,” Cervera Lamadrid said in a news release. “With Smart Brickell, we have set a precedent for developers and buyers alike. The building’s amenities, price points and integration of design and space are proof this project model not only works but is undoubtedly required in a globally connected city like Miami.”

Smart Brickell will focus on three main themes — smart use, smart design and smart technology.

The two condo-hotel towers share the same design and offer fully furnished or custom furnished units. Architect Hernando Carrillo in Miami designed the three towers, and interior designs were done by Arquitectonica.

The smart tech comes in the form of Wi-Fi enabled features such as Nest thermostats and Echo/Alexa home and personal assistant. There also is a mobile concierge and parking spaces with charging stations.

The project will have an amenity deck with a landscaped recreation area and expansive terrace, two resort-style pools, sundeck, gym, organic cafe on the ground floor, a spa and rooftop lounge.

https://www.law.com/dailybusinessreview/2020/02/11/24m-brickell-district-loan-starts-miami-hotel-residential-project/

‘Portafolio’ premió este jueves el talento de los empresarios

By | NEWS

Aníbal Roa, president of the Organización Roa Flor Huila, received the Life and Business Work award.

Under the slogan ‘Transforming the country deserves great recognition’, Portafolio, the leading newspaper in economics and business, of EL TIEMPO Casa Editorial, made a deserved recognition of the talent and perseverance of Colombian entrepreneurs and innovators in the 25th edition of its annual awards ceremony that took place on Thursday night in Bogotá.

The 13 distinctions awarded by the newspaper reached the hands of representatives of large companies and organizations, but also those of a teacher and a student, whom the jury considered the most outstanding in the country in 2019.

Carlos Enrique Cavalier, president of Alquería, was distinguished as the business leader of 2019, while Juan Raúl Vélez, co-founder and president of Cueros Vélez, was awarded the Business Life award.

In turn, the statuette to Life and Business Work was received by Aníbal Roa Villamil, creator, with his brother, more than 50 years ago, of one of the largest rice companies in the country.

But there was also a special recognition for those people who with their effort, work and dedication make a great contribution to society. This distinction went to Rosaura Hinestroza, founder of La Chocoanita, and Ginna Alejandra Jiménez, creator of Compraagro.

The teacher of the year award went to Lina María Echeverri, from the Universidad del Rosario, while the award for best university student went to Ana María Corrales, from the Universidad de los Andes.

Each year, Portafolio also highlights business management and its impact on society, highlighting its contribution to the communities, the quality of customer service, its level of innovation and even the effort to make Colombian products known abroad.

Thus, on Thursday night, the award in the innovation category went to Compañía Nutresa and the award for the best customer service to Samsung.

While the Export Effort award was received by representatives of the Aldor firm, a candy producing company with a presence in 65 countries, 22 of which are located in Africa, 13 in the Middle East and 4 in Asia.

The awards also went to the Acción Contra el Hambre and Natura foundations, which were awarded in the category of contribution to the community and in the category of environmental protection, while in the category of corporate social responsibility, the distinction went to the company Trash Busters .

https://www.eltiempo.com/economia/empresas/estos-son-los-empresarios-ganadores-del-premio-portafolio-2019-438516

Developer nabs $24M to build Brickell condo

By | NEWS

Habitat Group obtained a $24 million construction loan for the first tower of the Smart Brickell condo project in Miami.

Miami-based Ocean Bank awarded the mortgage on the 1.23-acre development site at 229, 239 and 243 S.W. 9th St. Featuring 50 condos, 50 hotel rooms and 10,000 square feet of retail, the project broke ground in March and is on track for completion in 2021. It is sold out.

Habitat Group plans to break ground on the second tower of Smart Brickell, which will be the same size as the first tower, in early 2020.

“Receiving this loan for the construction of our first Smart Brickell tower is a testament to the project’s continuing success,” said Santiago Vanegas, president of Habitat Group. “Following the rapid sellout of Smart Brickell Tower 1, Smart Brickell Tower 2 is already 80% sold. We are looking forward to breaking ground on Tower 2 and continuing this construction momentum.”

The condos will range from 558 to 1,117 square feet. Prices range from $300,000 to $600,000. Owners will be able to rent their units up to 50 times a year on home-sharing services like Airbnb. They could also lease their condos to the developer to join the hotel pool.

Cervera Real Estate is the exclusive broker.

The third tower is also planned with 97 multifamily units and 30,000 square feet of retail.

The 25-story Smart Brickell was designed by Gensler. Amenities will include two pools, a spa, a fitness center, a business center and a rooftop lounge.

 

https://www.bizjournals.com/southflorida/news/2019/11/15/ocean-bank-provides-loan-for-smart-brickell.html

Habitat moves forward with West Brickell condo, hotel project

By | NEWS

Habitat Group is moving forward with the construction of a large condo and hotel project in Brickell after scoring a $24 million loan.

Habitat secured the construction loan from Miami-based Ocean Bank to build Smart Brickell’s Tower 1 at 239 Southwest 9th Street in Miami’s West Brickell neighborhood. The tower will have 50 hotel rooms and 50 condos and is planned for completion in 2021.

Smart Brickell is a three-building condo and hotel project that will offer owners the ability to rent their units out 50 times a year. In all, the project will have nearly 300 units and about 12,000 square feet of commercial space for a cafe, restaurant and retail. Tower 2 is expected to break ground in early 2020.

Santiago Vanegas, CEO and president of Habitat Group, said Smart Brickell Tower 1 is already sold out, while Smart Brickell Tower 2 is about 80 percent sold.

Miami-based Cervera Real Estate is handling sales for Smart Brickell. Hernando Carrillo is the architect. Condo prices range from $300,000 to $600,000.

Habitat Group is focusing on West Brickell. The company recently paid $6.1 million for a site at 1200 Southwest Second Avenue where it’s planning to build Brickell 12, a 96-key hotel project. The company’s other projects include the Brickell Lux and Millux Hotel, according to its website.

With just over $4 billion in assets, Ocean Bank is an active construction lender in South Florida. Last year, the community bank provided an $85 million construction for Melo Group’s Art Plaza Apartment. This comes at a time when many banks in South Florida are backing away from construction lending due to heightened regulatory scrutiny.

https://therealdeal.com/miami/2019/11/14/habitat-moves-forward-with-west-brickell-condo-hotel-project/

Habitat Group Team Beach Cleanup

By | NEWS

The Habitat Group Team spent the morning cleaning up one of our favorite beaches! We successfully picked up 56 pounds worth of trash and micro-plastics. Thank you Miami Dade Parks and Recreation for helping us organize this event.

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/

‘Cuando se termine este gran hormiguero, Miami va a lucir espectacular’, dice urbanizador

By | NEWS

Like any city, Miami proves its true identity when walking at night. By taking the area of ​​Little Havana at the height of Calle Ocho and Avenida 9, the city unfolds and becomes younger.

Groups of  beautiful people  walk to Café la Trova, whose interior revives the style of old and true Havana, or they stop on the edge of the street at a beach bar in front of a Colombian restaurant to watch a chef prepare tacos and arepas.

The smoke from the food mixes with the party perfume worn by some girls dressed in shorts and heels – what else can you wear in this raging summer? The city takes on a different air and becomes more stylized. Brickell is close and money lends its own scent.

In that no man’s land they call West Brickell, a pocket of streets that has something in common with its two neighbors, Brickell and Little Havana, between the  metromover , the Miami River and I-195, a part of the future Miami grows. , the one that  millennials prefer .

“They want connectivity, technology and access to fun spots. They want to have restaurants and bars close by. They want to walk from one point to another, ride a bicycle, and for all that they sacrifice space, ”says Santiago Vanegas, president and CEO of Habitat Group.

Vanegas is a pioneer developer in the West Brickell area, where in 2005 he purchased his first land and undertook residential and hotel projects.

He bought and restored two abandoned hotels, the Historic Miami River Hotel, which he saw the potential of the log cabins that bear witness to the old Miami that was formed by the river, and the Jefferson Hotel, a modest building in Little Havana, at the which he decorated with touches of elegant Havana and whose rooms are rented today for more than $ 230.

He sold these two hotels, but talks about them with the same enthusiasm as his new projects, especially the three connected towers of  Smart Brickell,  on 9th Avenue and SW Second Street.

Vanegas explains that while other developers are delivering the last units of this construction cycle nearing completion, in condominiums in Brickell, downtown and Edgewater, his company is already preparing for the next cycle, and they hope to deliver the first project by the 2021.

With 25 floors each and sold in their entirety, the Smart Brickell towers – the first one has already begun to be built – will combine hotel and apartments, and will have the attractions that millennials are looking for  . Nest smart climate control and Lifx lighting systems, the sexy voice of Amazon’s assistant Alexa, and a program that communicates with the   building concierge .

The apartments start at $ 330,000 for the 600-square-foot apartments, and they are delivered with minimalist and futuristic furnishings that fit the space.

Vanegas explains that he has downsized the apartments to make the prices more attractive in West Brickell, noting that a similar condo in Brickell would cost $ 500,000 or more.

“Millennials prefer to pay for a small space that has good facilities and is well located,” he says.

For the summer, the area, which is steps away from the Brickell City Center, will offer more entertainment and dining options in the new Riverside complex  , which will have 120,000 square feet of roofed and open-air businesses, overlooking the Miami River .

Habitat Group has three other projects in West Brickell,  Millux  1 and 2, two 57-room hotels whose name refers to  millennials , and another with a luxury component, Brickell Lux, which will combine hotel and apartments with prices more similar to those of Brickell.

PERFECT MODEL OF URBAN PLANNING

Although his center of operations is now in West Brickell, Vanegas has confidence in the urban development of all of Miami and in its condo market, which is more stable and less speculative.

Vanegas points out that the first component in the demand for condos is population growth, which in downtown alone is expected to reach 20,000 people in the next 10 years.

“The demand is there, what developers are doing is generating supply,” he says, explaining in turn that the second component of demand is the availability of credit, which after the 2010 crisis, has been adjusted by the system financial, which is stricter on loans.

As the speculator disappeared from the market, as there was no possibility of a  real  estate boom , only expert developers have been building.

“That means a better product, a more efficient urbanism, which also goes hand in hand with a good building code, which is Miami 21, which for me is practically the perfect model of urbanism,” he says about the implications that these changes they have for Miamians.

Vanegas explains that metropolitan centers have become “ant hills”, but if these are designed or builders are forced to be guided by parameters that respect the volume of construction, a staggered coherence is obtained.

He gives as an example that only 48-story buildings can be built in Brickell, with a density of 500 units per acre; in West Brickell, 24-story buildings and 200 units per acre; and in development corridors like Flagler and Calle Ocho, only eight stories and 150 units per acre.

In addition, the areas of residential, commercial or mixed use are respected.

“When this great anthill is finished, in 50 years Miami will look spectacular because it is staggered and organized, and that did not exist before Miami 21,” he says, noting that the lack of a plan explains the disproportionate height of the old buildings that clash with the style of the area in which they are located.

Vanegas also has a development vision for the  historic district of Little Havana , between 5th and 6th streets and 9th avenue, where there are buildings of Cuban architecture of great beauty, he points out.

He suggests that after the designation of a historic district, the next step should be taken and change the use, which is only residential, to generate energy and bring movement to the area.

“The buildings will be painted pastel colors and the tourist buses that now only go down Calle Ocho will get there to have that spectacular Cuban experience,” he anticipates, aware that once the investments begin, the gentrification process that will displace former residents due to rising property prices and rents.

This is a concern expressed by residents and business owners of Little Havana, who have seen how the rents of commercial premises have risen, in many cases due to the proximity to Brickell and the new West Brickell seal for the neighboring neighborhood. .

“Prices are through the roof, traffic is uncontrollable and magnificent family businesses have disappeared,” says Ena Columbié, who has lived in Little Havana for years, and although her rent has not yet been raised, she lives “with the fear that they will buy the building to tear it down and we stay on the street ”.

Columbié points out that most of the businesses are very similar hardware in which a coffee can cost $ 5, in addition to the annoyance for the neighbors that they close the streets to traffic every time there is an event, and they are unable to leave or enter their houses.

“The only positive thing is the makeup they have put on Little Havana, from which even the name has been taken away, now it is called West Brickell”, concludes Columbié.

Por su parte, Vanegas apoya la construcción de viviendas asequibles, pero señala que tiene que haber rentabilidad para los urbanizadores, que ahora reciben beneficios tributarios que solo benefician a los grandes urbanizadores.

El considera que los corredores urbanísticos de Flagler y la Calle Ocho son ideales para realizar este tipo de proyectos y sugiere que los gobiernos de las ciudades y las entidades públicas ofrezcan subsidios a los compradores para ayudar con la cuota inicial, en lugar de dar bonos o subsidios de alquiler.

Los proyectos de construcción de viviendas económicas generarán empleos para las empresas involucradas en la construccion, y además las nuevas propiedades pagarán impuestos a los gobiernos municipales, que aumentarán la recaudación y las posibilidades de invertir en otros proyectos.

Comienzan las obras de Smart Brickell en Miami

By | NEWS
March 29, 2019 – 5:03 PM  – By  CÉSAR MENÉNDEZ

Santiago Vanegas, president of Habitat Group, sees the modern building as a milestone for his company engaged in five other projects west of Brickell. The first of the three mixed-use towers is fully sold.

 

Santiago Vanegas, president of Habitat Group, presided over the construction commencement ceremony for the first tower of the Smart Brickell building complex that will be built over the next 24 months at 229 SW and 9th Street in Miami.

When taking the floor, Vanegas thanked the entire team that has participated in the creation and planning of the project of more than 100 million dollars of investment, consisting of three mixed-use towers, with two and three-bedroom smart apartments.
The young businessman commented that 100% of the first tower has been sold. Where 50 units will be located in the upper part and 50 hotel rooms in the first levels.

“The construction project has been fulfilling its license and listing cycles. We have defined the construction prices. We have been signing with contractors and subcontractors. And finally we got the foundation permit. Now we are at the moment of starting construction, ”he explained exclusively to DIARIO LAS AMERICAS.

Smart Brickell is marketed by Cervera Real Estate and is being sold fully furnished.

For its part, the interior design and the furniture of the units were designed by Arquitectónica, an icon of modern design, which has created comfortable and harmonious spaces within the property.

The mixed-use complex will have 170 residences and 150 hotel rooms.

The apartments sell for between $ 290,000 and $ 490,000, and their sizes range from 558 to 878 square feet.

“I think it has been very well received by the market, since it meets the needs requested by investors and the current owners of the units. Furthermore, it achieves the harmony of three key elements: flexible use, design and technology ”.

The apartments will be equipped with smart systems that will control energy efficiency, allow air conditioners to be controlled remotely, turn lights on and off, and raise and lower blinds. Each unit will be provided with an Alexa personal assistant.

This is a project considered anti-cycle, as it will be the only building to be completed in the area throughout 2021. Almost a year after the construction boom that shook Brickell. For this reason “the  brokers , who know the market well, have trusted the building,” said Vanegas.

“For us, Smart Brickell marks a milestone. We have seven other executions in a row to this one. Six in this same area and another in areas of the Miami River ”. The latter is a 34-unit rental building “known as East River Living that we will deliver in 10 months,” he concluded.

 

https://www.diariolasamericas.com/economia/comienzan-las-obras-smart-brickell-miami-n4174604#fotogaleria-id-6087148