About Brickell, Miami
Brickell is Miami's financial district and most in-demand urban residential neighbourhood — a dense vertical cityscape on Biscayne Bay where Goldman Sachs, Citadel, and Citadel Securities have established major offices, driving a wave of finance and tech professional relocations from New York. The area has seen 35% residential price appreciation since 2021, significantly outpacing both New York and Los Angeles in the luxury segment. Florida's lack of state income tax and increasingly sophisticated arts, culture, and food scene have made Brickell a genuine alternative to Manhattan's Upper East Side.
About 1428 Brickell (Swire Properties)
1428 Brickell is being developed by Swire Properties — the Hong Kong-listed developer behind Brickell City Centre and the adjacent Reach and Rise towers — in partnership with a global capital partner. The project takes its address (1428 Brickell Avenue) as its name: a statement of confidence in location. At 94 floors and 366m, it will be the tallest residential building south of New York when complete, and the first in Florida to employ a diagrid structural system (visible as angled steel exoskeleton) typically seen in supertall office towers.
Project Overview
1428 Brickell delivers 189 residences — less than 2 per floor on average — across a 94-floor diagrid supertall with a double-height amenity floor at Level 70 ('The Sky Club') including a 75-foot lap pool cantilevered 240m above Biscayne Bay. Interiors are by BAMO Inc., the San Francisco studio known for designing the Four Seasons Hotel George V in Paris. Every residence has 10-foot ceilings and floor-to-ceiling glass on all sides.
- 94-floor diagrid supertall — tallest residential building south of New York at completion
- 189 residences total — average less than 2 per floor
- Level 70 Sky Club: 75ft lap pool, gym, spa, private dining, and sky bar
- BAMO Inc. interiors (Four Seasons Hotel George V designers)
- On-site wellness centre with lymphatic drainage, cryotherapy, and IV therapy
- Private wine storage, car museum lobby, and concierge floor
Unit Types & Configuration
- 3 Bedroom — 2,500–3,200 sq ft
- 4 Bedroom — 3,800–4,800 sq ft
- Full-Floor Sky Villa (5 bed) — 7,500–9,500 sq ft
- Penthouse Duplex — 18,000 sq ft across two floors
Pricing
Three-bedroom residences from USD 4.5 million. Four-bedroom from USD 7.2 million. Full-floor sky villas USD 18–28 million. The penthouse is listed at USD 65 million — the highest-priced unit ever offered in Florida. Pricing per sq ft of USD 1,700–2,200 represents a significant premium to most Brickell product but is below comparable supertall pricing in New York or London.
Investment Verdict
Positives:
- Florida's tax advantages — no state income tax, no estate tax — make this a compelling wealth-planning tool for high earners
- Supertall building brand; the structural uniqueness creates permanent scarcity premium
- Brickell's tenant pool is deepening rapidly; Goldman/Citadel effect drives executive rental demand
Watch Points:
- Miami's flood and hurricane exposure is increasingly scrutinised by insurers — insurance costs on high-value condos have risen 40–60% since 2021
- Condo association fees at this level of amenity are high; model the monthly carry carefully
- Completion targeted 2028–29; 4-year+ construction period represents significant carry cost