Vue Brickell Miami
Vue at Brickell (formerly Summit Brickell View)
is located at 1250 Miami Avenue between 12th and
13th Streets in Downtown Miami. It is one of the
latest additions to the Brickell
When Summit Brickell View was completed in 2004,
it was set to be one of the largest
rises in the Miami area. Standing at 423 feet
and consisting of 36 floors, it quickly caught
the eye of many investors seeking to turn the
property into condominiums.
In January of 2005, Sunvest Communities bought
the property for $82.5 million and
shut down the building temporarily to allow for
all the necessary changes to be made for their
exclusive condominium plan.
At that time only 30%
of the building had ever been leased, so
relocating the existing tenants or offering them
the opportunity to buy one of the new
condominiums was easily accomplished.Re-opening
later that year as Vue at Brickell, the
conversion of the rental property now allowed
for the sale of 336 luxury condominiums.
A LUXURY condominium seems to be a severe
overstatement when you look at all the new
surrounding properties. This has now become a
focus in the ongoing mortgage fraud wars of
Miami.Vue at Brickell is finding itself smack
dab in the middle prodding eyes in the search
for mortgage fraud in the new Brickell buildings
in the Downtown Miami area.
The views expressed by many trusted analysts in
Miami have shown that in regards to this
particular property; the appraised amount,
listing price, and sales price, donít exactly
measure up to industry standard.