1611 Southwest 2nd Avenue

Domus Brickell Park Begins Vertical Ascent at 1611 SW 2nd Avenue in Miami’s Brickell Financial District

8:00 am on October 5, 2024 By Oscar Nunez

Following several months of foundational work, Domus Brickell Park, a short-term-rental-friendly condominium tower at 1611 Southwest 2nd Avenue, is beginning its vertical ascent in the heart of the Brickell Financial District. The 12-story, 171-unit development from North Development is set to redefine the traditional condo-hotel market, with progress moving swiftly since its groundbreaking earlier this year. The project remains on track for a Q1 2026 completion.

Forman Capital Funds $54.56 Million Construction Loan for Condominium-Hotel Development in Miami’s Financial District

8:00 am on April 9, 2024 By Oscar Nunez

Forman Capital, a private direct real estate lender based in Palm Beach County, Florida, provided a $54.56 million construction loan to the developer of a condominium-hotel project in Miami’s Brickell Financial District. The 12-story, 172-unit Domus Brickell Park, designed by Zyscovich Architects with Urban Robot Associates as the interior designer, will bring a new condo-hotel brand, Domus FLATS (Flexible Apartments for Temporary Stays), to the market and fill a void for flexible ownership product.

North Development Secures $70 Million Construction Loan, Breaks Ground On Domus Brickell Park

8:00 am on March 22, 2024 By Oscar Nunez

North Development has begun construction on Domus Brickell Park, a new addition to Miami’s Brickell Financial District known for facilitating short-term rentals. The project, a collaborative venture between Oak Capital’s Ricardo Dunin and Peru’s Edifica led by Juan Carlos Tassara, secured a $70 million construction loan from Forman Capital and Core Capital. Designed by Zyscovich Architects with interiors by Urban Robot Associates and construction by Thornton Construction Company, Inc., the 12-story, 172-unit development at 1611 Southwest 2nd Avenue has achieved over 50% sales and is anticipated for completion next winter.

12-Story Condo Development ‘Domus Brickell Park’ Gears Up To Break Ground Next Month at 1611 SW 2nd Avenue in Miami’s Brickell Financial District

8:00 am on February 29, 2024 By Oscar Nunez

Domus Brickell Park, a 12-story condominium development by North Development—a strategic joint venture between Ricardo Dunin’s Oak Capital and Edifica, one of Peru’s most prominent developers and builders—is gearing up to break ground next month. This milestone follows the successful conversion of reservations to contracts, with over 50% of the 171 residential units already sold, including the project’s sole commercial space. Located at 1611 Southwest 2nd Avenue in Miami’s Brickell Financial District, the project introduces the Domus FLATS concept (Flexible Apartments for Temporary Stays), blending luxury hotel convenience with rental income opportunities for owners, sparking significant interest in the community.

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