Going, Going, Gone! Viceroy Tower at Icon Brickell Now Completely Sold Out

May 6, 2011

I just learned that the Viceroy Tower at Icon Brickell is now completely sold out of developer inventory.  This is a great news for the Miami real estate market and shows that the glut of condos created during the recent construction boom is almost behind us.  At this point, there are roughly 3,000 unsold condos in the Greater Downtown Miami area.  Foreign buyers played a critical role in helping to sell out the Viceroy Tower just as they have with every other new condo development in Miami.

Viceroy Tower, located at 485 Brickell Avenue, consists of 527 condo-hotel units and stands 53 stories.  Sales of condos at the other two towers at Icon Brickell have also been faring tremendously well.  It’ll be great once all 1,795 condos are sold and we can look back and recollect the days when the glistening towers once sat empty.