North Development has officially paid off its $70 million loan for Domus Brickell Park, marking a major financial milestone for the recently opened Brickell development and reinforcing the company’s strong execution across construction, sales, closings and operations.
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Arturo Vidal, Alicia Lamadrid Paysse, Paulina Inostrosa, Diana Garcia, Ricardo Dunin, Juan Carlos Tassara, Kristine Lubian Perez, Alicia Cervera Lamadrid, Juan Tassara & Eduardo Vargas
North Development Tops Off Domus Brickell Park
Domus Brickell Park – the widely-anticipated, short-term-rental-friendly condominium in the West Brickell enclave of Miami’s buzzing financial district – has officially topped-off construction at 12 stories.
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North Development Completes Foundation Pour at Domus Brickell Park And Begins Vertical Construction
Following several months of foundation work, one of Miami’s most anticipated short-term-rental-friendly condominium towers is going vertical. North Development’s Domus Brickell Park, a 12-story, 171-unit offering, set to redefine the traditional condo-hotel sector, is already 60% sold.
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Domus Brickell Park Now Over 50% Sold As Developer Converts Reservations to Contracts
Domus Brickell Park has converted reservations to contracts, with over 50% of the 171 residential units sold, including its sole commercial space. The project is being developed by North Development, a strategic joint-venture between experienced Miami developer Ricardo Dunin’s Oak Capital and Edifica, one of the largest developers and builders in Peru.
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North Development Launches Revolutionary Condo-Hotel Brand 'Domus' And First Project 'Domus Brickell Park'
Ricardo Dunin, CEO of Oak Capital and the Miami developer who pioneered the South Florida condo-hotel industry in the 90s, and Edifica, one of the largest developers and builders in Peru, have joined forces for the creation of North Development and the launch of DOMUS, a new condo-hotel brand. North Development’s first project in Miami, Domus Brickell Park, is located Brickell, at 1611 SW 2nd Avenue, and features 171 fully furnished condo-hotel units rising 12 stories.
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