SkyPalace at Mary Brickell Village – Monthly Newsletter

Dear SkyPalace at Mary Brickell Village friends,

Greetings from beautiful and sunny Miami! The Skyline team has been diligently working since our last email communication to you last month – with the Miami Herald article of June 4th – to finalize the construction financing process and commence construction. We find ourselves today in the advantageous position of negotiating with several lending sources and receiving Letters of Commitment from them by the end of July and then close on the construction loan shortly thereafter.

Timing could not have been better. The Brickell area real estate market is showing clear signs of strengthening. A recent article by the National Association of Realtors emphasized that “International Interest in US Homeownership Increases,” something that we see In a recent Bloomberg article the title exclaimed: “Miami’s Downtown Comes Alive as Condos Fill with Renters.” Such headlines and market reports like the one from the Miami Downtown Development Authority developed by Goodkin Consulting regarding “Residential Closings and Occupancy Study, March 2010” show that Brickell area real estate is doing very well and will continue to do so. NBC Nightly News with Brian Williams recently aired the story “Buyers Return After Miami’s Housing Bust.” NBC’s Today Show also recently aired the story “Condo Sales Skyrocket in Miami.” CNBC & MSNBC also aired a story under the title “Housing Battles Back.” All these stories are clear evidence that the market has turned for the better and will continue to strengthen in the Brickell area of Miami.

SkyPalace at Mary Brickell will rise directly above The Shops at Mary Brickell Village and as such we have a vested interest seeing the Village succeed. The Shops at Mary Brickell Village already offer several dinning, entertainment, shopping and services options, but the list of tenants keeps getting better and better!

L.A. Fitness Signature Club opened its doors in June offering 36,000+ square feet of health club facilities and expecting to reach approximately 1,500 daily workouts very soon. This is a well known health club that has locations throughout the United States and offers every workout option possible.

Burger & Beer Joint (B&B) opened its doors in July offering three venues in one: gourmet burger spot, sports bar and lounge! B&B offers all varieties of its namesake. The décor features 120-year old Chicago brick walls, wood booths, copper ceilings, flat screen TVs, a pool table and an outdoor patio.

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Cavas Wine Bar will soon open its doors offering a comfortable and non-intimidating “tasting room” to experience and learn about the fascinating world of wine in a relaxed atmosphere. Cavas allows customers to choose from over 80 different self-service wine selections, through the use of a state-of-the-art wine dispensing machines. Cavas also offers a menu that was designed to optimize the wine pairing experience.

Amore Gelato will soon open its doors offering handmade natural gelato and avoiding the obscure chemicals, additives and preservatives common to many industrial “ice cream” brands on the market today. Unlike industrial ice-creams and gelato, Amore gelato is hand crafted and delivered fresh every day.

RazzleDazzle Barber Shop will soon open its doors offering various annual membership packages or “a la cart” options to service the grooming needs of today’s busy and demanding gentleman.

It is evident that The Shops at Mary Brickell Village offer an unprecedented level of convenience to the residents of SkyPalace at Mary Brickell Village and have positively impacted property values in the Brickell area. Come and experience the lifestyle and energy for yourself and see firsthand the major advantage of being one of the privileged few that can call SkyPalace at Mary Brickell Village their home!

Stay up to-date with the latest on SkyPalace at Mary Brickell Village in particular and the real estate market in general by visiting our blog.