Domus Brickell Park Begins Vertical Ascent at 1611 SW 2nd Avenue in Miami’s Brickell Financial District
October 8, 2024Following several months of foundation work, Domus Brickell Park, a short-term-rental-friendly condominium tower at 1611 Southwest 2nd Avenue, is beginning its vertical ascent in the heart of the Brickell Financial District. The 12-story, 171-unit development from North Development is set to redefine the traditional condo-hotel market, with progress moving swiftly since its groundbreaking earlier this year. The project remains on track for a Q1 2026 completion.
Thornton Construction serves as the general contractor. Key milestones have been achieved, with the construction crane fully operational and the buildout of columns and shear walls underway. The mezzanine level’s first concrete pour has also begun, marking the tower’s initial elevated slab.
“Domus Brickell Park is one of the most exciting opportunities for buyers in Miami’s most in-demand urban setting, and we are thrilled to be celebrating this latest milestone, bringing it closer to fruition,” said Ricardo Dunin, founding partner of North Development, who also helped pioneer condo-hotels in South Florida.
Dunin, who helped pioneer condo hotels in South Florida with projects like The Mutiny Hotel and the Sonesta Bayfront Hotel, both in Coconut Grove, is reinvigorating what he notes as a “tired” concept with the Domus FLATS portfolio, starting with Domus Brickell Park. As Dunin explains, over the years, the condo-hotel concept has degraded, and the hospitality component has virtually disappeared, making it an “uncertain product.”
Juan Carlos Tassara, co-founder of North Development, emphasized the project’s innovation, stating, “What we are building is a completely new asset class and a welcomed addition to the Brickell neighborhood where many buyers have been priced out.”
Already 60% sold, Domus Brickell Park is paired with a sister project, Domus Brickell Center, unveiled earlier this year. Both buildings will be operated with 24-hour oversight by North Management and offer hotel-style amenities such as a fully activated lobby with food and beverage services.
The development offers fully furnished studio, one-, and two-bedroom units, ranging from $600,000 to $1.2 million, featuring high-end finishes, Bosch appliances, and private balconies. Cervera Real Estate exclusively brokers the project and features designs by Zyscovich Architects with interiors by Urban Robot Associates.
