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Real Estate

Did last vacant Brickell lot just sell?

Cashflow In Miami
March 14, 2023

Did last vacant Brickell lot just sell?

1870 Brickell Avenue, Brickell, Miami

Menesse, a developer hailing from Mexico and now based in Miami, plans to build a high-end boutique condo development, where prices would start at $3 million and average $3,000 a square foot. The site was bought for $6 million.

The parcel purchase, half of which was financed by Maxim Capital, marks Menesse’s second U.S. acquisition. Across the Brickell district at 143 SW Ninth Street, a block east of Interstate 95, the developer filed plans in December to build a 39-story rental tower with 400 units, which is expected to be completed by 2026.
Founded in 2008, the company claims to have developed 39 developments in Playa del Carmen, Mexico, and four in Tulum, totaling just over 1,350 units.

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