I'm still surprised at the pace that condos are selling in Downtown Miami. The majority of the activity has been taking place in Fannie Mae approved buildings where prospective buyers are able to get financing. Recently, I had the opportunity to visit the Infinity at Brickell and was pleasantly surprised. The building opened in Mid 2008 and sits in Southwestern Brickell, on South Miami Avenue near 13th Street. In my opinion, it's a great location which is walking distance to the Publix supermarket and shops in Mary Brickell Village, as well as restaurants like Segafredo's that is just down the street.
Of all the Fannie Mae approved buildings downtown, the Infinity is the only one that still has number of units available from the developer for under $200,000. The construction loan for the Infinity was provided by Corus Bank which was recently seized and its assets auctioned off by the FDIC. I believe this is one reason why the Infinity is able to offer reasonable prices to buyers.
In my opinion, out of all the units in the building, the best value are the 2 bedroom, 3 bath, 1460 sqft "C" Unit Lofts that offer amazing south to west views. The unit offers a spacious kitchen, and wraparound terraces on each of the two floors. These units sell for around $400,000.
The building also offers, 1 bedroom, 1.5 bath, 993 sqft "K" Unit Lofts that look east out onto Brickell. The unit feels very spacious due to the open floor plan. The bedroom sits on the second floor and overlooks the living room. These sell for around $240,000.
If you want more privacy, and less of a loft feel, the Infinity offers a 2 floor, 1 bedroom, 1.5 bath, 674 sqft "T" Unit Loft that look west into Miami. It feels more like a regular apartment and offers 2 terraces, one on each floor. These sell for around $170,000.
Similar to the "C" Lofts, the "E" Lofts have 2 bedrooms and 3 baths, but are 1417 sqft and face directly east into Brickell. These are great if you really enjoy loft living. They sell for around $360,000.
Compared with other buildings in this price range, I was very impressed with the common areas at the Infinity. The building offers a gym, a party room which can be booked for private events, a spacious lounge, an outdoor pool and sundeck.
If you have questions about the Infinity at Brickell, or are interested in buying or selling a unit, please contact Miami Condo Shop.
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Tags: brickell, condo, developer unit, downtown miami, fannie mae, infinity, infinity at brickell
