Brickell City Centre continues to move closer to final completion. After receiving its TCO in April, Reach, the first residential tower delivered by Brickell City Centre, has now closed on 311 of 390 total units. Of thes, 89 are back on the MLS available for rent and 30 are listed for sale. Investors had planned to rent 2 bedroom units for $4,500 and 1 bedroom units for $3,500, but 15 actual signed and leased units are closer to the $2,700 range for 1 bedrooms and $3,500 for 2 bedrooms. While there is still to be a flood of units to hit the market as SLS Brickell, SLS Lux, Brickell City Centre Rise, etc. hit the market, pricing and demand is still factoring in the construction and fact that Brickell City Centre's retail and entertainment portion of the development will not be open until at least November. East, one of the hotel towers of Brickell City Centre, opened earlier this Summer and closings should start soon at Rise.
