Swire Properties Tops off REACH Luxury Condominium Tower at Brickell City Centre; Nearly 80 Percent Sold

The developer topped off its second condominium tower on schedule at the $1.05 billion mixed-use project.

Swire Properties Inc, one of South Florida’s leading international developers of urban real estate, announced the topping off of Brickell City Centre’s REACH, the second of two premier luxury condominium towers to top off at the $1.05 billion master-planned, 5.4 million square feet, mixed-use development.

REACH topped off on schedule and is due for completion end of 2015. With both residential towers close to finished, initial buyer deposits have been modified to reflect the delivery of the condominiums. 20 percent deposits will be due at contract, with a second deposit of 15 percent due 120 days after execution, in comparison to other Miami projects that are not yet under construction, or close to completion.

Brickell City Centre’s second residential tower, RISE, topped off in January 2015. Swire recently launched sales for RISE following the strong demand of REACH. With sales for REACH having been robust and the condo nearly 80 percent sold, buyers’ interest for RISE is rapidly increasing with prices starting from $595,000 to $2.7 million, with penthouse prices provided upon request.

Swire’s executive leaders joined the construction team at a ceremony on March 20 to celebrate the successful milestone, where Stephen Owens, president of Swire Properties, addressed the construction workers with a toast to their efforts.

“Topping off our second condominium is especially notable because it proves just how far we have progressed with this project,” said Owens. “Our momentum has never been stronger, and as we near the final stages of development, we couldn’t have asked for a more outstanding team.”

REACH and RISE are each comprised of 390 luxury condominiums units. Residences are delivered move-in ready featuring top-of-the-line fixture packages. Amenities will raise the standard of Miami living at both residential towers which will include on-premise concierge services, a half-acre amenity deck with heated lap and social pools, poolside café service, an exclusive Hammam spa with blow-out bar and nail salon, a state-of-the-art fitness center, library, a tech-savvy children’s playroom, entertainment suite, business center, secured parking garage and 24-hour valet.

Maile Aguila, senior vice president of sales for Swire Properties, said, “REACH was the first condo tower launched for sales and we are thrilled with its success. RISE is also showing significant market interest after its recent launch. Our buyers know they are not just purchasing a condo, but are embracing a true urban lifestyle within a city center.”

About Swire Properties

Swire Properties Inc, headquartered in Miami since 1979, is one of South Florida’s leading international developers of urban office, hotel and condominium properties. Known for its $1-billion, master‐planned development of the island of Brickell Key in downtown Miami, Swire continues to shape the Miami skyline with its latest project, Brickell City Centre, a $1.05-billion, mixed‐use complex comprising a gross floor area of 5.4-million gross square feet, including an underground carpark and 2.9-million square feet of office, residential, hotel, retail and entertainment space. The company is a wholly owned subsidiary of the publicly listed Swire Properties Limited based in Hong Kong. For more information, visit www.swireproperties.us.

About Brickell City Centre

Brickell City Centre is a landmark $1.05 billion, 5.4 million square feet, mixed-use development in downtown Miami from Swire Properties Inc, one of South Florida’s leading international developers of real estate known for its $1 billion master-planned development of Brickell Key. The project’s first phase includes a luxury shopping center, two residential towers, a hotel with serviced apartments, and two mid-rise office towers. The project is LEED®-registered for Neighborhood Development – currently one of the largest in the U.S. Sustainability elements include the exclusive CLIMATE RIBBON™, an elevated trellis composed of steel, fabric and a continuous surface of glass that will connect all components of the development and create a comfortable microclimate for shoppers. As the largest private-sector project currently under construction in Miami, Brickell City Centre began vertical construction in 2013 and the first phase of construction is scheduled for completion beginning third quarter of 2015. A second phase of construction will begin in the first quarter of 2016. More information is available at www.brickellcitycentre.com.

MIAMI | March 23, 2015

Contact: Katrina Perez, 786-565-3397 or kperez@quinn.pr
Tathiana Rosado, 786-382-0918 or trosado@quinn.pr

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