Brickell is growing into a promising hub for Miami newcomers
(MIAMI) In Miami, between Coral Gables and Miami Beach, Brickell is emerging as the city's hotspot. Between 2000 and 2016, Brickell's population nearly tripled, and according to the Miami Downtown Development Authority, it now has more than 21,500 residents and still growing.
So what's driving people to the area?
Growing Financial District + Commercial Real Estate
Brickell is home to the largest concentration of international banks in the United States and has one of the largest financial hubs in the country. It has welcomed countless developments in the last several years, including new condos, bars, restaurants, and shopping centers.
Likewise, financial and tech firms are making the move to the city, and commercial real estate has been on the rise. The 830 Brickell will be the first new office skyscraper built in the city of Miami in more than a decade. 830 Brickell will rise 724 feet when completed in 2022, making it the second-tallest office building in Miami-Dade.
Chicago-headquartered private equity firm Thoma Bravo has already signed in the top two floors of 830 Brickell, and Microsoft is also considering office space in the building, according to the Miami Herald.
Additionally, at least 700 new jobs are coming to the neighborhood in the next few years as companies expand and relocate to Miami.
Florida was rated as one of the most dangerous states for pedestrians and bicyclists. With this in mind, the non-profit Friends of the Underline, pushed relentlessly to make an inverted version of the New York highline in Miami to pave the way for a safer environment among pedestrians, cyclists, and vehicles.
A 10-mile project named “The Underline” was approved and its first completed phase opened back in February below Brickell's Metrorail.
The area, named the Brickell Backyard, features urban biking and walking paths, flex basketball and soccer court, outdoor gym, nature, and butterfly gardens, gathering spaces to picnic, play, and relax. The new Underline's trails are lit at night and always open.
Brickell’s lively business landscape has paved the way for a diverse culture of dining, nightlife, and entertainment. Venues like the Brickell City Centre, have become a main attraction for tourists and locals alike.
The Brickell City Centre is a 500,000 square foot vertical shopping experience featuring luxury shops like Saks Fifth Avenue, and Swarovski. It’s also home to the first Mexico-based luxury cinema, CMX.