In order to promote the sales of Mint, one of Miami’s last remaining vacant condo buildings in downtown, the owners of the building reduced prices by over 30%. Mint is part of three buildings that make up a gated community in Downtown. Despite being in Downtown, it is in a somewhat awkward location because by separating itself in an enclave, it makes it much less pedestrian friendly promoting more driving, something that downtown does not need more of. The average price paid was approximately $325 per square foot for a total of over $375 million dollars. The building was previously bought by ST Residential from the now failed Corus Bank. The original pricing of the units at preconstruction were generally over $500 per square foot. It will be nice to have residents bring this building to life over the course of 2011.
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