Millecento in Brickell sells for $10.5m

14 April 2015

The retail space of the new Millecento Condominium in Brickell has been sold for $10.5 million. Located at 1100 South Miami Avenue in Miami, the 17,500 square feet of ground floor and mezzanine space sold for $650 per square foot. Related Group developed both the condominium and retail space. The property has been pre-leased to Freddo Gelateria, Pizza Tondo, Prime Cigar and Level 1 Restaurant & Lounge. Miami Lakes-based BankUnited provided a $7 million loan to the buyer, a group of South American Investors represented by Miami attorney Alvaro Castillo. The 42 story tower has 382 units and was completed in January

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