Brickell Multifamily Building Sells For $185 Million

Harbor Group International has acquired Miro Brickell, a 372-unit, Class A multifamily property in the Brickell neighborhood of Miami, for $184.5 million.

Miro Brickell’s central location offers convenient access to various employment and entertainment centers throughout Miami. The property is located minutes away from I-95 and Brickell’s Metrorail and Metromover stations, connecting residents to Downtown Miami, Downtown Doral and Miami International Airport. Amenities include outdoor electric grills, cabanas and a resort-style pool. Individual units have balconies and are equipped with stainless steel appliances, energy-efficient washers and dryers and modern finishes.

The development is walkable to more than eight million square feet of office space.

Several financial and technology providers have relocated to the neighborhood, attracting new residents to the area, including Microsoft, Apollo Global Management, Millennium Management and Citadel, which recently announced plans to move its global headquarters to Brickell.

HGI is an active investor in South Florida, recently acquiring ParkLine Miami, two luxury apartment towers in Downtown Miami. Miro Brickell marks the seventh property currently under HGI’s ownership in Miami-Dade County, spanning more than 1,500 units.

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