Related Companies Pays $12.2 Million for Equinox & Soul Cycle at Related Group's Brickell Heights

The Related Companies has paid $12.2 million for the commercial space leased to Equinox Club and SoulCycle Studio at Brickell Heights. The Equinox Club is three-stories and 30,000 SF while the SoulCycle studio spans about 6,000 SF. The Equinox Club features its own private pool and tanning area on the Brickell Heights amenity deck accessible only to members. 
 
“The closing of Equinox and SoulCycle units Brickell Heights is another step forward in our efforts to transform South Miami Ave. into a vibrant, pedestrian friendly corridor in the same vein as Lincoln Road. Brickell is thriving, and these closings show a long-term commitment to further establish the area as a bustling neighborhood to live, work and play. Our buyers at both Brickell Heights and SLS LUX are excited about these changes and can’t wait to start living the lifestyle,” said Carlos Rosso, President of the Related Group’s condo division.  

The combo fitness clubs are located in Related Group's Brickell Heights, which is a two-tower, 690-unit luxury condominium development that opened earlier this Brickell’s South Miami Avenue. Brickell Heights is located next to Mary Brickell Village, Swire's Brickell City Centre, which opened in late 2016, and SLS LUX Hotel and Residences, a joint-venture between The Related Group, The Allen Morris Company and will be operated by SBE. Brickell Heights includes a three-story, 30,000 SF Equinox Club, as well as a 6,000 SF SoulCycle studio, the first in Brickell. Brickell Heights was designed by Arquitectonica. 

The Related Group Pays off $160 Million Construction Loan for Brickell Heights Less Than 60 Days After Project Opening

The Related Group has paid off a $160 million construction loan for Brickell Heights less than 60 days after the grand opening of the project. The twin tower, 690-unit towers were 100% sold out and are already nearly 50% closed since the June 7 opening (2017). The $160 million loan was issued by Wells Fargo Bank in April 2015 and is The Related Group’s second loan pay-off in the last year.

“The speed at which we paid off this loan is further validation of our effort to finance these projects in a responsible manner,” said Ben Gerber, Vice President of Finance for The Related Group. “It also speaks to the strength of the Related brand and the South Florida condo market as a whole.”

“Closing is easy after buyers see that today’s Brickell matches up to what they saw in renderings a few years ago. They bought into a walkable, metropolitan downtown lifestyle, and now they’re excited to start living it. We look forward to delivering SLS LUX in the winter and completing our vision for South Miami Avenue.” said Carlos Rosso, President of The Condominium Development Division of The Related Group. 

The 47-and 49-story towers were designed by globally acclaimed architectural firm Arquitectonica and interiors by David Rockwell of the Rockwell Group. Amenities include a state-of-the-art fitness center, men's & women's spas, each building has a lounge room, curated art throughout, 4 swimming pools and a garden. The property will also feature a 30,000 SF Equinox Club, as well as a 6,000 SF SoulCycle studio. Brickell Heights marks the third Related Group project to open on South Miami Avenue, following SLS Brickell Hotel & Residences and 1100 Millecento. Photos via TAMZ. 

The Related Group Celebrates the Grand Opening of Brickell Heights in Style

The Related Group celebrated the grand opening of Brickell Heights, their third tower to open on South Miami Avenue, solidifying the road as the urban center of Downtown Miami and Brickell. Famed Cuban Grammy-award-winning singer/songstress, Cucu Diamantes, while enjoying unparalleled views of the city from Brickell Height's lush pool deck. At the event, attendees had the opportunity to preview the Brickell Heights lifestyle and were invited to tour the stunning David Rockwell-designed interiors and amenity spaces. Guests were also treated to acrobatic performances curated by Equinox, which is set to open Miami’s newest and largest fitness club on-site. Notable guests included Jorge Pérez and Darlene Perez, Chairman, CEO and Founder, The Related Group; Carlos Rosso, President of the Condominium Development Division, The Related Group; Jon Paul Pérez, Vice President, The Related Group; Cucu Diamantes, Grammy-award winning Singer/Songstress; Fabian Burgos, Artist; Omar Rodriguez Graham, Artist; Eduardo Capilla, Artist; George Goodrich, Artist; Gil Dezer, President, Dezer Development.

Brickell Heights features 690 condo units spread over two towers. Amenities include a movie theater, numerous party rooms, state-of-the-art fitness centers, gorgeous spas and more. The property features unique pieces by some of the most world’s best known artists, including a striking outdoor mural by Argentine artist Fabian Burgos and original works by Eduardo Capillo, Omar Rodriguez Graham and more. Downtown Miami’s first SoulCycle studio will also occupy a 6,000 SF ground level retail space in addition to a 30,000 SF Equinox. Brickell Heights is adjacent to Brickell City Centre, Brickell's new 2 million square foot mall from Swire Properties as well as SLS LUX Brickell, from Related Group and The Allen Morris Company. Enjoy the gallery of the event courtesy of TAMZ Photography below.  

Trey Songz Purchases Unit in Brickell Heights

The Related Group announced by Instagram that singer Trey Songz had purchased a unit in their almost completed Brickell Heights building in Brickell. The 2 tower, 690-unit, mixed use project is slated for complete in early 2017. It will feature an Equinox Gym, SoulCycle and Peet's Coffee. The announcement featured Fortune International Realty's Adriana Brito, and the firm handled sales and marketing for the building.