The Related Group announces Pre-construction Sales for 1100 Millecento Residences
March 20, 2012 by Lucas Lechuga
The building will feature studios, 1 bedrooms, 1 bedroom + den units and 2 bedrooms. Reservations are now being accepted with the following price ranges in mind:
- Studios from $226,000-$290,000
- One Bedrooms from $286,000-$390,000
- One Bedroom + Den units from $326,000-$440,000
- Two Bedrooms/1 Bath units from $347,000-$490,000
- Two Bedrooms/2 Bath units from $397,000-$550,000
- Two Bedrooms/2 Bath + den units from $415,000-$550,000
The deposit structure for 1100 Millecento Residences is as follows:
- 10% of purchase price at reservation
- 10% of purchase price at contract (expected to be in June 2012)
- 15% of purchase price at groundbreaking (expected to be at the end of 2012)
- 15% of purchase price at top-off (expected to be at the end of 2013)
- Balance due at closing (expected to be at the end of 2014)
Contact us if you have any questions about 1100 Millecento Residences or if you would to reserve a unit.
Project already has 60 reservations
MyBrickell is now under construction and this is planned to start this year as well. It looks like the boom is back. Here are all the projects that I know off that are planned in just the greater downtown area:
MyBrickell 192 units
1100 Millecento 382 units
23 Biscayne 96 units (almost complete)
1101 brickell 800 units
Sky Palace @ Mary Brickell 369 units
Brickell Citicentre 755 units
Brickell House 374 units
Met 3 440 units (rental)
Former Onyx 2 site 250 units
Sales of new units is down slightly when compared to 2010 mainly due to the decreased inventory. Leasing activity is up, and with all the amenities coming to downtown it’s only going to become a more desirable place to live. The first phase of Citicentre is supposed to be done by 2015. Brickell has basically exploded and in reality there isn’t much there but a dozen restaurants. Just think what will happen when it gets real retail and entertainment options.
I am interested in Millecento Condos.
1100 Millecentos is sold out.