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Latitude on the River

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Neighborhood: Brickell

Year Built: 2007

# Units: 452

# Floors: 44

# Parking Levels: 10

ROSS100 Condo Index Ranking +

91

out of 100

COST RATING: +

1.3 out of 5

LIFESTYLE RATING: +

2.7 out of 5

Ross’s Comments – What you Need to Know about Latitude on the River

Latitude is bordered by the Miami River to the north, Latitude office condo tower to the south and SW 2nd Avenue to the west.

The Boston-based developer of Latitude, Edward A. Fish Associates, still own and rent approximately 50 units in the tower.

Just off the beaten path in Brickell, Latitude is one of the more affordable condo projects in Brickell and still commands decent rents for this area.

There have been a few cases of Chinese drywall reported in this building. Make sure that you check for this potential issue during your property inspection.

The most interesting views are either on the lower floors facing the Miami River, or from the higher floors facing south that overlook the office tower, Brickell Financial District and Biscayne Bay in the distance.

Although the terraces are full length on most units, they are not very deep and do not allow sufficient space for a lounge chair or outdoor dining.

BUILDING QUALITY +

MANAGEMENT +

LOCATION +

RENT FRIENDLY +

ACCESSIBILITY +

FINANCING +

DESIGN & EFFICIENCY +

AMENITIES +

WALKABILITY +

PET FRIENDLY +

PARKING +

SECURITY +

RECENT PRICE/SQ FT $323

RECENT PRICE/M² $3,477     

MAINTENANCE COST/SQ FT < $0.75

2 BEDROOM PRICE RANGE (2014-2015) $281,000 – $450,000

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UNIT SIZES  580 – 1,486 sq. ft (54 – 138 m²)

UNIT TYPES  Studio, 1, 2 and 3 bedrooms

# OF UNITS  452

# OF FLOORS  44

# OF PARKING LEVELS 10

ARCHITECT  Arquitectonica

DEVELOPER  Edward A. Fish Associates

PET POLICY  2 pets per unit, max combined weight of 60 lbs, other restrictions apply. 

24-Hour Concierge, Valet and Security

Indoor/outdoor waterfront bistro and cafe

Infinity-edge swimming pool with zero entry

Pool bar with sports media wall

Health and fitness amenities on the 12th floor deck

Whirlpool/spa

Tai-chi and meditation garden

Business center

Billiards & residents’ lounge

BRICKELL DISTRICT

The Brickell district is an urban neighborhood of greater Downtown Miami situated on the south side of the Miami River, which serves as Miami and South Florida’s major financial district. Brickell is also a dense, high-rise residential neighborhood with many upscale, luxury condominium, and apartment towers.

Referred to as the “Manhattan of the South,” Brickell is home to the largest concentration of international banks in the United States, as well as many popular Miami restaurants, shops, hotels, offices and places of entertainment. A few hundred feet east of the northeastern side of Brickell is Brickell Key, a gated island of exclusive, high-rise residential towers and the Mandarin Oriental Miami Hotel.

As of 2013, over 220,000 office employees work in the Downtown and Brickell areas. Today, the Brickell and Downtown Miami neighborhoods are the fastest-growing neighborhoods in Miami, growing from 40,000 residents in 2000 to 74,000 in 2013 with a median household income of $70,800.

The biggest driver in the area is the development of Brickell City Centre, a massive 5.4 million square foot mixed use project spanning four city blocks. It will consist of two luxury residential towers, a hotel and an office building, all connected by a high rise and open air shopping center with extensive entertainment, retail, restaurant and other offerings. Although Brickell is already considered a highly desirable to “live, work and play”, the addition of Brickell City Centre is going to be a major game changer for the city of Miami.

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