All week we’re going to be looking at people, companies, and organizations who dominated their sectors in 2016. Tomorrow we’ll be looking at neighborhoods. Other winners: Lyft and Uber (transit), Kairos (tech)
Brickell City Center might be the last piece of the puzzle to going truly car-less for Brickell residents who also work there.
With restaurants, bars, gyms, grocery stores, and coffee shops every couple blocks, large-scale retail and a movie theater were maybe the only regular needs missing from the neighborhood.
And going car-less might be a good thing, because as Brickell’s population soars, the traffic is only going to get worse. People are only going to want a place where they can shop, eat, and catch a movie without getting in their car even more than they already do.
The Miami Herald, which dubbed Brickell City Centre a “city within a city,” reported a couple weeks ago that Brickell’s population has almost tripled since 2000.
Real estate developer Swire came in with the 9.1-acre, $1.5 billion-dollar Brickell City Centre – which includes condos, office space, a hotel, and a shopping center – at the right time. Swire purchased most of the property in 2008, in the depth of the recession and South Florida real estate crash. It was a big bet.
That’s why we’re calling it the biggest real estate win in Miami this year (even if the retail is only about 50 percent occupied right now).
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