Mattoni Group acquired the ground floor commercial space at the new 1010 Brickell condo in Miami.
The 11,252 square feet of commercial space was sold by 1010 Brickell Holdings, a joint venture between developers Key International and 13th Floor Investments, to 1010 Matto Commercial, an affiliate of Mattoni Group, led by Ricardo Caporal. The price equated to $933 per square foot.
The 50-story tower was recently completed at Brickell Avenue and Southwest 10th Street. Its 389 condos have mostly sold out. It’s near a Metro Mover station, an elevated system that circulates people throughout downtown.
Retail tenants have yet to be announced.
According to the third-quarter report from Colliers International South Florida, the asking rate for retail space in the Brickell submarket was $61.23 per square foot, although the vacancy rate was fairly high at 21.1 percent due to a lot of recently completed projects.