TRADED
North Development’s Short-term Rental Community Domus Brickell Park Crosses $55M in Sales
A new chapter is unfolding in the vibrant landscape of Miami’s Brickell Financial District with the remarkable sales accomplishments of Domus Brickell Park. The joint-venture company, North Development, spearheaded by renowned Miami developer Ricardo Dunin’s Oak Capital and Edifica, one of Peru’s largest developers, is thrilled to announce that this prestigious development has surpassed all expectations by converting reservations to contracts, with over 50% of the 171 residential units being sold, including the sole commercial space. The exclusive brokerage services of Cervera Real Estate have played a pivotal role in ensuring the success of Domus Brickell Park, which has garnered sales exceeding $55 million since its launch less than a year ago. Realtors have already received their well-deserved commissions, and the groundbreaking ceremony for this highly anticipated project is scheduled for the end of Q1.
Located at 1611 SW 2nd Avenue, Domus Brickell Park, the inaugural offering of the innovative Domus FLATS (Flexible Apartments for Temporary Stays) portfolio, has captured the attention of discerning buyers with its exceptional concept. Combining the allure and convenience of a luxury hotel with the potential for rental income, this pioneering approach in the condo-hotel sector has quickly transformed Domus Brickell Park into one of the most sought-after communities in the area.
Domus Brickell Park, crafted by Zyskovich Architects, stands tall with 12 stories of modern elegance. The development comprises 171 fully-furnished studio, one, and two-bedroom condominium residences, each with a welcoming sense of home. From private balconies and keyless entry smart lock systems to premium appliances, finishes, and in-unit washers and dryers, every detail has been curated to elevate the living experience.
The enticing amenities of Domus Brickell Park further contribute to its distinction. Residents will relish in the resplendent 4,200-square-foot central gathering space, savor a delightful cup of coffee or wine at the on-site café and wine bar, and enjoy the convenience of the gourmet market. The lush garden lounge, state-of-the-art gym, steam room, rooftop pool deck, cabanas with daybeds, and the bike share program ensure a life of leisure and wellness.
Introducing an Unparalleled Experience at Domus FLATS
Prepare for a transformative journey with Domus FLATS. Scheduled for delivery in the 2025 winter season, these remarkable units offer a range of options for potential owners. Starting from the $500,000’s and reaching up to $1.2 million, these luxury dwellings range in size from 330 square feet to 947 square feet. Every aspect of Domus FLATS has been meticulously designed to optimize operating efficiencies, resulting in cost reductions for owners.
Standing out among the competition, Domus FLATS has partnered with high-profile, senior-level hotel management experts to provide guests with exceptional service. From the moment you arrive, the 24-hour valet service, led by a company renowned for its association with luxury hotels across the U.S., will ensure a seamless experience.
Booking a stay at Domus FLATS is effortless with their state-of-the-art reservations platform. Comparable to major hotel and airline booking services, this exclusive platform guarantees easy access to reservations for prospective guests. Upon arrival, the Domus App takes convenience to a whole new level, granting guests seamless check-ins, room and elevator access, and a plethora of other personalized services. Plus, for those who prefer a more personal touch, the 24/7 on-site concierge is available to provide support during every stage of your stay.
A Revolutionary Concept in Real Estate
This visionary concept, brought to life by esteemed developer Edifica, offers an unparalleled living experience unlike anything else on the market. What sets Domus FLATS apart is its unique blend of the functionality of a condominium with the luxury and convenience of a hotel. Buyers will not only be able to enjoy their own property but also have the option to rent their units, turning them into exclusive hotel accommodations. This innovative approach opens up a world of possibilities, providing a steady stream of income and stability for owners while ensuring an exceptional experience for guests.
The response from buyers has been nothing short of extraordinary. Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate, attests to the project’s incredible appeal. The concept effortlessly capitalizes on the advantages of short-term rentals, eliminating any potential downsides.
Adding to the project’s allure is the involvement of Domus Management, a subsidiary of North Development dedicated to serving Domus-branded projects. With a team of experienced professionals who have successfully developed renowned hotels like the legendary Le Sereno Hotel in St. Barth, Domus Management guarantees consistency, efficiency, and professionalism. This translates to a seamless short-term rental process for unit owners, fostering repeat guests and maximizing profitability.