IconBrickell

Banks Prepare To Seize Icon Brickell Condo Tower

Miami has been one of the toughest condo real estate markets in the past few years but for the most part the luxury condos have had a little better time of it. But now the Wall Street Journal reports that one of Miami's most high-profile developments, the Icon Brickell is being taken over by a group of lenders led by HSBC Holdings PLC and Bank of America Corp. We wrote about the lavish project last September when we heard that Jennifer Lopez and Marc Anthony had purchased a unit in the building. The three-tower condominium designed by Philippe Starck is in a complex that includes the Viceroy Miami Hotel. Building amenities include multiple pools, a spa and fitness center, five restaurants, rooftop pool club, concierge and valet services. According to the WSJ article Related Group will remain the manager of the complex.

The project was completed last year but presales began in 2006 when south Florida real estate was at its height. Although many buyers put down deposits on the nearly all of the 1,800 condo units less than 200 sales have been completed. The article says that prices are now about 30 percent off the peak prices (now around $550,000 for a two-bedroom unit) but some buyers may still balk over the steep condo fees. The amenities are so lavish that maintenance in the building is equally expensive. For a look at what buyers get, check out tour images at Miami Condo Investments.

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Tags: condo, condominium, icon brickell, IconBrickell, miami, philippe starck, PhilippeStarck, related group, RelatedGroup, viceroy hotel, ViceroyHotel

Jennifer Lopez and Marc Anthony Buy At The Icon Brickell

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

We first heard in April that Jennifer Lopez and Marc Anthony were checking out the Icon Brickell in Miami but now they have made it one of their many homes. Anthony gushed about the purchase to People Magazine Monday night during halftime of the Miami Dolphins vs. Indianapolis Colts football game at Miami's Landshark Stadium. He told the magazine that once they are through decorating it will be "the sexiest place in town." Anthony is a minority partner in the Miami Dolphins team.

The condo is a three-tower condominium designed by Philippe Starck in a complex that includes the Viceroy Miami Hotel. It's a bright spot in a condo market that continues to be fighting sluggish sales. Building amenities include multiple pools, a spa and fitness center, five restaurants, rooftop pool club, concierge and valet services.

Lopez and Anthony have multiple homes in New York and Los Angeles. Their Bel Air home remains on the market at $7.9 million.

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Tags: celebrity real estate, CelebrityRealEstate, icon brickell, IconBrickell, jennifer lopez, JenniferLopez, marc anthony, MarcAnthony, miami real estate, MiamiRealEstate