A condo in Brickell City Centre can be bought for 20 percent down at the purchase contract, with an additional 15 percent due 120 days after signing.
March 31, 2015 at 06:00 PM
1 minute read
A condominium project under construction in Miami has broken the 50 percent-down threshold that’s served as the benchmark of South Florida’s latest development boom, putting pressure on others to offer pre-construction units with higher leverage.
Swire Properties Inc., the developer of Miami’s sprawling Brickell City Centre project, said it is reducing the amount it charges would-be unit owners.
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