{"id":3747796,"date":"2019-08-16T17:33:44","date_gmt":"2019-08-16T21:33:44","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3747796"},"modified":"2019-08-16T19:11:25","modified_gmt":"2019-08-16T23:11:25","slug":"downtown-miamis-brickell-flatiron-tower-draws-on-u-s-buyers","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/downtown-miamis-brickell-flatiron-tower-draws-on-u-s-buyers\/","title":{"rendered":"Downtown Miami\u2019s Brickell Flatiron Tower Draws On U.S. Buyers"},"content":{"rendered":"

As Downtown Miami\u2019s <\/span>Brickell Flatiron<\/span><\/a> tower approaches the end of its 64-story, 736-foot-high climb with 90 percent of its 527 units sold, developer Ugo Colombo\u2019s CMC Group is setting its sights on buyers from within the United States to close out the building\u2019s remaining inventory. The developer has reduced the building\u2019s deposit requirement to 30 percent and secured approval from the Fannie Mae Project Eligibility Review Service (PERS), which streamlines the loan approval process and opens the door to a wider array of reliable financing sources.<\/span><\/p>\n

\"\"
Photo courtesy of Brickell Flatiron<\/figcaption><\/figure>\n

These developments coincide with a recent surge of domestic investment at the tower. American buyers purchased 32 units valued at $50 million in 2018, up from 18 units valued at $23 million in 2017. Since the project\u2019s inception in 2014, U.S. buyers have accounted for $290 million in total sales \u2013 making the U.S. the building\u2019s top feeder market by a wide margin.<\/span>\u00a0<\/span><\/p>\n

\u201cThe enhanced purchasing power that comes with a strong U.S. dollar, the tax advantages of Florida residency, and Downtown Miami\u2019s growing appeal as an urban, cosmopolitan district are all contributing to an influx of domestic buyer activity at Brickell Flatiron,\u201d says Vanessa Grout, president of CMC Real Estate.<\/span>\u00a0<\/span><\/p>\n

\"\"
Photo courtesy of Brickell Flatiron<\/figcaption><\/figure>\n

\u201cWith the tower\u2019s completion now months away, we\u2019re looking to markets like New York, Chicago, Boston and Los Angeles for our final sales push, making the case that Miami offers tax savings, comparative value for the high-end residential product, and an unbeatable quality of life,\u201d Grout added.<\/span><\/p>\n

\"\"
Photo courtesy of Brickell Flatiron<\/figcaption><\/figure>\n

Upon its completion, Brickell Flatiron will be the tallest condominium south of New York City. With its distinct flatiron shape and curvilinear fa\u00e7ade, the Luis Revuelta-designed building topped-off construction at 736-feet-tall in December 2018 and is on track to deliver in summer 2019.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Developer Ugo Colombo\u2019s CMC Group is setting its sights on buyers from within the United States to close out the building\u2019s remaining inventory.<\/p>\n","protected":false},"author":122,"featured_media":3747800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1582,1,16575],"tags":[],"class_list":["post-3747796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-developments","category-news","category-real-estate"],"acf":[],"yoast_head":"\nDowntown Miami\u2019s Brickell Flatiron Tower Draws On U.S. Buyers<\/title>\n<meta name=\"description\" content=\"Developer Ugo Colombo\u2019s CMC Group is setting its sights on buyers from within the United States to close out the building\u2019s remaining inventory.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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