I think the issue that you see with the pricing is what many people will see when they first look at the pricing. The pricing at ICON Brickell is more complicated than you would expect. For sure there are not 100% occupied units in Tower 1 but keep in mind that there is limited inventory. How does that work? Well in pre-construction the building was sold out. So until they know an original buyer is 100% not going to close they can not offer to sell again that apartment. So in the interim what has happened is that the developer has rented out a few apartments, resold some apartments, and some they have pending to close with new buyers and original buyers who agreed to the price cuts.

Expect the official closing numbers in all 3 towers together close to 200-300 units at this time. But keep in mind that tower 3 only recently opened. And prices were only slashed in December. Since December the closings have rapidly been moving along. Not blazing fast but definite improvement.

Regarding the pricing again – what happened is this: When the building originally sold you would have had multiple levels of pricing. Example – Before the sales center opens type pricing, where friends and family are typically sold apartments, or brokers notify their past clients and offer them discounted pricing. Then you have the official opening type pricing, then towards the end of the project sales you may have the increased pricing. So when they recently cut 30% in tower 1. They just went across the board. You will find that you may find an apartment on a higher floor for less price then one on a lower floor. How does that happen? Well the apartment on the higher floor may have been contracted at an earlier date originally. So when the 30% was applied to that one it is an incredible deal. When it is applied to a unit which probably sold towards the end of original sales it is not as great a deal. Understand? Do I think the prices will drop more? It's possible but on the prices which were toward the end of original sales. I don't think much on the ones at the very begining of sales.

If you dont mind giving me some insider's scoop, I would like to know about Icon Brickell. I know it is not a building for everyone but I do like the concept.
I am aware they have slashed the prices in half at the viceroy and by 30% at towers I and II, but the units still seem overpriced to me considering the market nowadays.
I have also driven by at night and even though the sales office keeps advocating that tower I is sold out and they are working on tower II now, I know that is not true. Yhe bulding is pitch black at night. If there were like 50 units with the lights on in the 3 towers that woulld be an overestimation.
Do you have any info on the building? How likely do you think they will drop their prices more?
Thanks

So sad to see you have abandoned your website. Hope this means lots of work for you.
Waiting for new posts.
No one puts up a nice blog like you.