Ytech, a leading Miami-based real estate developer, has successfully secured $104 million in financing for their latest luxury residential project – the Residences at 1428 Brickell. The development boasts 189 units spread across 70 stories and is expected to be completed by 2027.
The financing was facilitated by Linkvest Capital and Banesco, who provided $78 million in refinancing of the first mortgage and an additional $26 million respectively. This replaces the original acquisition loan for the site.
According to Ytech, they have already sold a remarkable 40% of the units even before demolishing existing buildings on site. The Residences at 1428 Brickell offers two- to four-bedroom plus den homes ranging from spacious sizes of1,800 to4 ,000 square feet with prices starting from$2million up to$7million.
Residents will enjoy top-of-the-line amenities such as a state-of-the-art gym spanning over10 ,000 square feet,a rooftop pool with atrium views,a hot spa,private office suites,and more.The development also features unique offerings likea private dining room complete with kitchen facilities,a juice bar promoting wellness,and an immersive spa experience.Additionally,the property includesan aquatic therapy areaand fully furnished private guest suitesfor ultimate comfort and convenience.
With its prime location in Miami’s bustling financial district,the Residences at1428Brickell is setto become oneofthe most coveted addressesinthe city.With expertly designed interiorsand luxurious finishes,thisdevelopment promisesan unparalleled living experienceforits residents.Watch out for this highly anticipated projectas it nears completion!
