
500 Brickell
A recession-era value play in Brickell with larger units, iconic architecture, and a rooftop pool. Not top tier, but it knows what it is

A two-tower condominium complex on Brickell Avenue, completed in 2008 by Extell Development Company and designed by SB Architects. The East Tower at 1060 Brickell rises 46 floors with approximately 314 units, while the West Tower at 1050 Brickell stands 35 floors with 262 units, totaling roughly 576 residences across both towers. Unit types range from studios to three-bedroom penthouses, with a standout feature being the loft-style layouts available in select units with ceiling heights up to 18 feet. Standard units have 9-foot ceilings. The finishes are mid-tier luxury for a 2008 building: Italian-style custom cabinetry, granite countertops, stainless steel appliances, floor-to-ceiling impact-resistant windows, and in-unit washer/dryers. The complex shares a pool deck, fitness center, and amenity spaces between the two towers. The amenities are original to 2008 and have been maintained but not renovated. The building made national headlines in 2024 when the HOA board approved a controversial $21 million special assessment that residents say was rammed through without proper unit owner approval, leading to a dramatic board election, state involvement, and ongoing legal battles.
1050/1060 Brickell attracts a mix of professionals, young families, and investors drawn by the value proposition and the unique loft-style units. This is not an ultra-luxury crowd and it is not a party building. The residents tend to be people who want a solid Brickell address without paying for a brand name. You will find remote workers, finance professionals, and some international buyers. The loft units attract a slightly more creative and design-conscious resident who appreciates the double-height ceilings and open layouts. The building is more residential than flashy, and the current HOA drama has created a sense of community activism among owners who are engaged in the governance of the complex.
1050/1060 Brickell sits directly on Brickell Avenue in south-central Brickell. It is a two-tower complex that was one of the last major projects completed before the 2008 recession hit. The location is a genuine sweet spot: close enough to Mary Brickell Village and Brickell City Centre for easy walkability, but far enough south on Brickell Ave to avoid the worst of the foot traffic and noise around South Miami Avenue. The Metromover is nearby, the bay is a short walk east, and the neighborhood continues to densify around it.
The popular open-air shopping and dining center with restaurants, bars, a Publix grocery store, and retail. Steps away from the building.
The massive mixed-use development with high-end retail, restaurants, a movie theater, and the Climate Ribbon. Easily walkable from the building.
The free Metromover station is nearby, connecting you to downtown, the Financial District, and the Omni loop without a car.
The main dining and nightlife corridor of Brickell with restaurants, bars, and entertainment options running north-south through the neighborhood.
A few blocks east takes you to the bayfront walkway with views of Biscayne Bay and Key Biscayne. A pleasant walk but not directly waterfront.
The building sits directly on Brickell Avenue, the main north-south artery of the neighborhood. Convenient for transit but expect traffic noise during rush hours.
The area around 1050/1060 Brickell is seeing continued development as Brickell expands. There are potential redevelopment sites nearby that could impact views from certain unit lines, particularly to the west and south. The east-facing views toward the bay are partially obstructed by existing buildings on Brickell Avenue. The neighborhood itself continues to add density, which means more foot traffic, more retail, and more construction in the near to medium term. The building's own internal development story is dominated by the ongoing HOA disputes and the question of what repairs and renovations will actually be completed under the new board.
Elevator Density Rating
6
Passenger
2
Service
~10
Units/Floor
576
Total Units
The real tea from people who actually live here
Share the real tea. 100% anonymous.
0/2000
We may reach out if we want to feature your intel on the site. Never used for marketing.
Your email is never shared publicly or used for marketing.
In late 2024, the previous HOA board approved a $21 million special assessment that hit individual unit owners with bills ranging from $30,000 to over $110,000. Residents alleged the board president rammed it through without proper unit owner approval as required by the condominium declaration. The state got involved, a special election was held in December 2024, and the board president was voted out. A new board is in place, but legal battles continue and the situation remains fluid. If you are buying here, do your due diligence on the current state of the assessment and any pending litigation.
Some units in both towers feature two-story loft layouts with ceiling heights up to 18 feet. These are genuinely unique in Brickell and give the units a completely different feel from standard condo layouts. If you are looking for something architecturally interesting at a mid-tier price point, the loft units here are worth seeing. Standard units have 9-foot ceilings, which is fine but unremarkable.
The pool deck, lobby, gym, and common areas are all original to the 2008 construction. They have been maintained but not renovated or modernized. If you are coming from a newer building or expecting a contemporary aesthetic, the common spaces will feel dated. A renovation is likely needed and was supposedly part of the controversial assessment, but the timeline and scope remain uncertain under the new board.
1050/1060 Brickell sits directly on Brickell Avenue in south-central Brickell. You are steps from Mary Brickell Village, a short walk from Brickell City Centre, and close to the Metromover. But you are not in the absolute center of the Brickell chaos, which means slightly less noise and foot traffic than buildings further north on South Miami Avenue. It is a sweet spot for walkability without being overwhelmed.
Not many Brickell buildings have a dedicated wine and cigar lounge with temperature-controlled wine storage cabinets and personal humidors. This is a 2008-era amenity that has held up well and gives the building a slightly more sophisticated social space than the typical party room. If you enjoy wine or cigars, this is a genuine differentiator.
Built in 2008, this building will face its 30-year milestone recertification around 2038. Post-Surfside Florida law has made these inspections more rigorous and expensive. Combined with the existing HOA assessment drama, prospective buyers should factor in the likelihood of additional special assessments in the coming decade for both the recertification and any deferred maintenance that the current board disputes have delayed.
The East Tower at 1060 Brickell is taller at 46 floors and generally commands higher prices with better views from upper floors. The West Tower at 1050 Brickell is 35 floors and tends to be slightly cheaper. Both share the same amenity deck and common areas. When shopping, pay attention to which tower and which floor you are looking at, as the experience can vary significantly between a 10th-floor West Tower unit and a 40th-floor East Tower unit.
Italian-style cabinetry, granite countertops, and stainless steel appliances were the standard mid-luxury package in 2008. They are functional and have held up reasonably well, but do not expect the quartz countertops, European fixtures, and smart home features you find in buildings from 2015 onward. If you are buying, factor in the cost of a kitchen and bathroom refresh to bring the unit up to current standards.
With approximately 700 parking spaces across the complex, parking is not an issue here. Most units come with at least one assigned space, and valet is available 24 hours. This is a meaningful advantage over some newer Brickell buildings that have cut parking to reduce construction costs.
Owners can rent up to 3 times per year with a minimum 30-day lease. This is more flexible than many Brickell buildings that require 6-month or 12-month minimums. If you are buying as an investment, this gives you more flexibility for medium-term rentals, though it also means more turnover in the building.
There is potential redevelopment coming to the area around 1050/1060 Brickell in the near future. If you are buying a unit for the long term, be aware that views could change as new towers go up in the surrounding blocks. This is the nature of Brickell, but it is worth noting when evaluating specific unit lines.
Because of the HOA drama, units at 1050/1060 Brickell are priced lower than comparable buildings in the area. If the new board can stabilize the situation and complete necessary repairs without excessive additional assessments, buyers who get in now could see solid appreciation. The location, the loft units, and the flexible rental policy all work in the building's favor. Just make sure you understand the risks before committing.
1050/1060 Brickell is a tale of two stories. On one hand, you have a well-located two-tower complex on Brickell Avenue with unique loft units, flexible rental policies, plenty of parking, and prices that are lower than comparable buildings nearby. On the other hand, you have the most dramatic HOA saga in recent Miami condo history: a $21 million special assessment that residents say was rammed through without proper approval, a board president who was voted out, state involvement, and ongoing legal battles. The building itself is standard 2008 mid-tier luxury with finishes and amenities that have been maintained but not modernized. The loft units with 18-foot ceilings are genuinely special and hard to find elsewhere in Brickell at this price point. The location is excellent for daily life. But the HOA situation is a real risk factor that could mean more assessments, more legal fees, and more uncertainty for years to come. If you are buying here, do extensive due diligence on the current state of the assessment, any pending litigation, and the new board's plans. If the governance stabilizes, this could be a strong value play. If it does not, you could be buying into a money pit. Proceed with caution and a good real estate attorney.
Share this profile
Help someone find their next building
Compare 1050/1060 Brickell
See how it stacks up against other buildings

A recession-era value play in Brickell with larger units, iconic architecture, and a rooftop pool. Not top tier, but it knows what it is

Two towers, 709 units, directly on the Miami River. Not flashy, not trying to be. A Brickell address for people who want the location without the scene

Miami's wildest loft building. You'll either love it or leave immediately.

A recession-era pioneer on the river. Standard building, solid value, but that pool situation is a problem.