Miami-based META Development says it has acquired the property at 1870 Brickell Avenue, with plans to build a condo building.
The company is also in contract to buy the adjoining 1880 Brickell Avenue, which will be merged to form the development site. The combined purchase price is $21m.
The new condo building will rise 5 stories, with 36 units. Prices will start at $2.5m, with a projected launch of September 2025.
META, which has offices in Brazil, said it wants to provide more global perspective and offer a “decidedly different” product compared to other large-scale developments in the area.
Brazil’s OSPA Architecture and Urbanism is designing the new building for META.
The building will use locally sourced, eco-friendly materials to promote environmental well-being for both the residents and surrounding community. It will also incorporate state-of-the-art energy efficiency systems and smart home technology.
