A new Brickell boutique hotel is on the works. In fact, a 1960s Brickell Avenue landmark is getting a makeover. The Colonnade Plaza, which was designed by World Trade Center architect Minoru Yamasaki will be transformed into a beautiful boutique hotel.
The new Brickell boutique hotel will house 95 rooms and an outdoor pool. Hotel guests will enjoy a location that is walking distance to Brickell City Centre and Mary Brickell Village. Right now, less than a handful of tenants remain on the second floor of the building, and all of the other floors are undergoing renovations. The full renovation will cost about $4 million. There is a CVS pharmacy on the first floor, and will remain there despite the renovations. In addition, the developer is adding two adjacent retail spaces on the ground floor.
The hotel industry hit a low in many parts of the country during the pandemic. However, it has since recovered. In fact, Miami-Dade occupancy has reached almost 50% this winter. With Summer right around the corner, vaccine rollouts, and Miami’s irresistible weather, the city is expecting many tourists and the hotel occupancy rate to continue going up.
Are you looking to buy, sell, or rent a house in South Florida? AMG International Realty is a global real estate firm specializing in Florida. If you are you looking to buy, rent, or sell in Miami we are here to guide you through every step of the way. From mortgage applications, to finding your dream home and closing the deal. Contact us today!
Chat with me on WhatsApp: +1 (305) 318 6968 (Heloisa Arazi).