Aria, Largo, Place Projects' 2200 Brickell Hits TCO, 85% Sold

Aria Development Group, Largo and Place Projects have secured a temporary certificate of occupancy for 2200 Brickell and released the boutique condominium’s final residences, with the five-story building now 85% sold ahead of delivery. City of Miami permit records show the TCO was actually issued July 24, more than two weeks before Tuesday’s public announcement.

Why it matters

A 105-unit, five-story building clearing 85% sold before delivery, inside a submarket dominated by 40- and 50-story towers, is a product signal developers should not skip past. Aria, Largo and Place Projects bet that buyers would pay tower-level prices for a lower-density building with a full acre of rooftop deck instead of shared amenities stacked 30 floors up, and the sellout pace suggests that bet paid off. For developers weighing a boutique low-rise against a high-rise on a comparable Brickell-adjacent parcel, 2200 Brickell is now a live comp for how fast intimate product can move against far larger, more heavily marketed towers.

The numbers

The building holds 105 one- to four-bedroom residences, including garden villas and penthouses, ranging from 590 to 2,070 square feet, with pricing starting at $1.2 million. That entry price implies roughly $2,030 per square foot on the smallest garden units and closer to $580 per square foot if applied to the largest four-bedroom layouts, a wide band that points to premium pricing concentrated at the small end of the size range. Revuelta Architecture International designed the building with interiors by ODA New York and Ortega Construction Company as general contractor. The City of Miami’s master construction permit values the project at $63 million for 358,072 total square feet. “The receipt of our TCO is an exciting milestone,” said David Arditi of Aria Development Group.

What’s next

With the final collection of residences now released, the remaining 15% of inventory becomes the test of whether the building can close out at full asking prices or whether the developers discount to move the last units before closings ramp up. Watch whether other boutique sponsors follow with similarly low-density projects on smaller Brickell and South Florida sites, betting that scarcity and amenity space can outsell density.