Brickell on the River South Tower Closings Off to a Slow Start

January 25, 2008

Closings in the South Tower of Brickell on the River are off to a very slow start. According to public record, there have been a total of 15 closed sales at Brickell on the River South Tower since closings began on December 21, 2007. The end of this week will mark the fifth week. However, as I’ve mentioned before, there can be delays in having closings recorded with the county.

According to the management office of Brickell on the River South Tower, there are a total of 334 units. This means that Brickell on the River South Tower has been able to close about 4 1/2 percent of their overall units within the first 5 weeks. Not a good sign!

To put this in better perspective, below you’ll see what percentage of units the following buildings were able to close within the first five weeks after closings began:

• Latitude on the River – 47%
• 2 Midtown – 15%
• Onyx on the Bay – 26%
• Ten Museum Park – 15%

What do you think about Brickell on the River South Tower’s 4 1/2 percent closing rate? Paraphrasing the words from the Coffee Talk with Linda Richman skit on Saturday Night Live, discuss amongst yourselves.