Brickell CitiCentre Breaks Ground

Developer Swire Properties recently celebrated the ground-breaking for Brickell CitiCentre, a massive mixed-use project on 9.1 acres in downtown Miami.  Billed as “the largest private sector venture of its kind in Miami history” in their press release, the project certainly has all the stats to make that statement believable.

The project is a $1.05 billion investment built in two phases; Phase I will be completed in 2015 and include the following elements:

·        520,000 sf of retail on three levels.  Store mix includes mainstream mall stores as well as a department store, luxury goods, as well as restaurant and entertainment venues.

·        A 265 room hotel with 85 serviced apartments for extended stays

·        Two 42 story condominium towers each with 800 units

·        A wellness center

·        Two levels of underground parking for 3,100 vehicles

·        Two 120,000 sf, 8 story office towers

·        Redesign of the Eighth Street Metromover station which will be incorporated into the complex

Phase II will be completed in 2018 and will include a second office tower of approximately 700,000 sf.


The project will be located just west of Brickell Avenue between SW 6th Street and SW 8th Street.

(Image from Biz Journals)

(Project Area for Brickell CitiCentre)

(All Renderings © Arquitectonica)

Designed by Miami based Arquitectonica, the open-air urban mixed-use project is expected to be a catalyst for other development since its announcement last year.  In addition, the project is expected to have a significant long-term economic impact on Miami and Dade county through annual property taxes, permit and impact fees, as well as retail and bed taxes.  For a review of the report authored by the Miami Economic Associates, Inc. in April of 2011, see the Development Impact Study that details the entire estimated $1.0 billion economic impact.

The short term benefits will be enormous as well as an estimated 1,700 construction workers will evenutally flood downtown Miami to work on the project.

Here is a video of the development from Santidrian Real Estate:

For more information about the project, check out these sources and articles:

RetailTraffic:  Swire Properties Breaks Ground on 5.4 Million SF Mixed-Use Center in Miami

The Miami Herald:  Brickell CitiCentre Ready to Break Ground

Swire Properties Press Release:  Swire Properties Holds Groundbreaking Ceremony for Brickell CitiCentre Project in Miami Florida