Swire Properties Inc, one of South Florida’s leading international developers of urban real estate, today announced that it is changing the name of its transformative, Brickell-area mixed-use project to Brickell CityCentre, changing the “i” in Citi to a “y.”
Swire made this decision so that the Brickell CityCentre name is consistent with the company’s other projects that use the word city, including Citygate in Hong Kong. This adjustment helps the company unify its overall company marketing efforts.
The $1.05 billion Brickell CityCentre project broke ground in June. It encompasses 5.4 million gross square feet and will include a shopping center, two residential towers, a hotel, wellness center, serviced apartments, two office buildings, and 3,100 parking spaces. In keeping with Swire Properties’ well-established policy of focusing on key transport nodes, the site incorporates a station on the Miami Metromover light rail and offers easy access to Interstate 95. The project is being developed in two phases, with the first phase, including all elements except for one office tower, scheduled for completion in 2015, followed by the final office tower in 2018.
Brickell CityCentre is expected to have a tremendous positive impact on the region, accounting for approximately $1 billion in overall economic benefits, more than $15 million dollars per annum in ad valorem taxes for the City of Miami and Miami-Dade County and creating 1,700 jobs while it is under construction and 3,700 after completion.
About Swire Properties
Swire Properties, headquartered in Miami since 1979, is one of South Florida’s leading international developers of urban office, hotel and condo real estate. Known for its $1 billion master‐planned development of Brickell Key along the Miami River in downtown Miami, Swire continues to shape the Miami skyline with its latest project, Brickell CityCentre, a landmark $1.05 billion mixed‐use development comprising a gross floor area of 5.4 million square feet including office, residential, hotel, retail and entertainment space and underground parking.
A public company since January 2012, Swire Properties Ltd. includes Swire Properties Inc., the U.S. real estate subsidiary of Hong Kong based Swire Pacific Holdings Ltd. Swire Pacific Holdings Ltd. is a 200 year old, publicly traded multinational corporation with principal interest in real estate, trade and aviation.
MIAMI | December 12, 2012