Recently Rockwood Capital, the private New York real estate investment firm that acquired Vizcayne, lit up the downtown Miami skyline by turning on the signature pinnacle lights of the two 49-story towers. Vizcayne now provides a dramatic new addition to the downtown Miami’s nighttime skyline.
At the same time, Rockwood’s exclusive broker International Sales Group announced that Vizcayne sales are surging at a blistering pace with more than 60 contracts in less than 60 days.
“The sales pace shows that Biscayne Boulevard is one of downtown Miami’s most sought-after destinations,” noted Rockwood principal Tyson Skillings, “and Vizcayne’s towers are its defining icon.” “Latin American buyers are walking in and signing contracts nonstop. We’re selling one or two every day,” notes ISG principal Philip Spiegelman. “These buyers come to Miami to buy, and they quickly narrow their decision down to Vizcayne.” ISG’s Craig Studnicky adds, “Our sales staff also loves the fact that so many younger buyers who work downtown come by and say ‘this is where I want to live.’ Vizcayne has a long list of local buyers who are just waiting for the mortgage market to ease up. Our pipeline is full.” Vizcayne’s two 49-story towers offer a broad range of studios, lofts, and one-, two, and three-bedroom units with spectacular water and city views and top-quality finishes. Luxury amenities at Vizcayne include three resort-style swimming pools, a lap pool, a billiard/media room, state-of-the-art fitness center, spa and club room. Prices for units range from the low $200,000s to $2-million penthouses.
“Everything is selling,” says Studnicky. “And one of the more interesting things is that we have buyers looking for units that can be rented out, should they choose not to occupy them. They know how strong the rental demand is for an address like Vizcayne.”
Rockwood, an investment firm with $4 billion of assets under management, assumed control of Vizcayne through a $143-million infusion of capital last fall. In April, Rockwood completed a $90-million capitalization of the project with Deutsche Bank’s Commercial Real Estate Group, based in New York. Vizcayne is now in the midst of a multi-million-dollar upgrade program that is delivering downtown’s premium residential experience.
The 34th floor sales center and decorated models are open daily. Valet parking for visitors is at the South Lobby at 253 NE 2nd St. Vizcayne fills the bayfront block on Biscayne Boulevard between 2nd and 3rd Streets, just south of the American Airlines Arena and across the street from Bayfront Park. For more information, call 786-347-7440 or log on to www.vizcayne.com.