Next time you head to the iconic (no pun intended) pool deck of Icon Brickell you may be in for an unpleasant surprise.
Icon Brickell, the mixed use development that’s also the site of The Viceroy Hotel ,announced an intent to allegedly close its pool deck for at least 14 months after months of speculation. Citing leaks into the building’s parking garage as well as dangerous conditions among the pool deck, it seems that the minor repairs that were once considered is in reality a MAJOR project. The pool deck, which includes a lap pool, hot tub, and reflection pool, currently stands as the longest in the United States. This could be a huge drawback to one of Brickell’s largest complexes and placing its top amenity out of commission will definitely be something I will be observing closely to see how it affects its sales.
Believe me when I say this is not an usual event to see. If we were referring to a decades old building I would understand an announcement requiring major maintenance but definitely not in a building as new as Icon. Located in a prime bay front lot by Brickell Avenue and just South of the Miami River, the $1 billion dollar project, which contains around 1,650 units, is one of the most distinctive in the area.
I reached the association earlier but was unable to get any additional comment on the matter. With the help of some of our clients that own in Icon, I was lucky to get a copy of the letter that the Association sent via e-mail. I left a copy below:
The Iconbrickell Master Association, Inc., is in the process of gearing up for a complete pool deck renovation project. The goal of the pool deck renovation project is to create a more functional pool deck, while ensuring a design appearance as close as possible to the current appearance, which makes the Iconbrickell Project so unique within the constraints of necessary improvements. This project will not be a small project, and current timelines provided by our third party engineering firm estimate the construction to last approximately 14 months once construction mobilization has occurred. The anticipated length of the project is subject to change once actual construction begins and is also contingent upon cooperation by the weather.
The pool deck renovation project has been the ongoing topic of conversation at Master Association Board meetings for over a year now, and the Board has been working with management and legal counsel to properly vet out engineering firms and contractors. At this point, the Board has decided upon the engineering firm who will be overseeing the work, as well as the contractor who will be performing it. The Association is now in the final stages of preparing to commence work. While the pool deck renovation project does not have an exact start date, final contractual details are anticipated to be finalized in the next few weeks and the work is anticipated to start when the optimal construction materials are selected by the Board.
At the start of the project and in the coming months, temporary construction elevators will be built on the north side of the building (by the loading dock) in order to move materials up and down without impacting the interior of the buildings. A debris chute will also be added. Once this has been completed, the trees currently located on the pool deck will be removed, and then demolition of the existing tile and waterproofing will commence.
The scope of work for the deck includes replacement of the waterproofing, installing new drainage, replacing the tiles, replacing the landscaping, replacing lighting, converting the reflection pool to a kids’ pool and the construction of stairs to the observation deck.
While the goal is to reopen the pool deck as quickly as possible, the Board also wants to ensure the safety of everyone during the construction. Accordingly, the Association will only be able to reopen the deck upon the clearance of the third party engineer and any applicable authorities with jurisdiction over the project. During the time of construction, the Board knows that you and your guests will be inconvenienced and, accordingly, the Board is currently working on several options to minimize any impacts or lack of access to a pool. The Board via property management will be in communication with further details.
In order to pay for this project, a special assessment will be passed once the final construction numbers are known. The cost will be divided amongst all units of all three towers in the same manner as the maintenance fees are calculated (based on the square footage of the individual units). The Association and property management will be keeping everyone apprised, and the Association will be holding a special assessment Board Meeting in the near future.
Should you have any questions and/or concerns, please contact Samantha Golden, Property Manager, Iconbrickell Master Association via email at firstname.lastname@example.org, by phone at 305-709-0590 or by visiting the management office.
Board of Directors
iconbrickell Master Association”
What I was unable to confirm via phone with Icon Brickell today could be seen through this e-mail. The most immediate remarks that caught my attention were:
- “In order to pay for this project, a special assessment will be passed once the final construction numbers are known”: This one is pretty self explanatory. If you currently own at Icon be sure to get in touch with the association to find out more about this assessment, which varies per unit. If you’re currently thinking of selling your unit or if it’s currently for sale, be sure to disclose facts such as these to any prospects interested in purchasing. This can be easily done with a Seller’s Property Disclosure
- “The anticipated length of the project is subject to change once actual construction begins and is also contingent upon cooperation by the weather”: What was once seen several months ago as minor cosmetic adjustments has now transformed into a major overhaul. I’m not one of the negative nancy types but don’t be surprised if this takes longer than the estimated 14 months.
- “During the time of construction, the Board knows that you and your guests will be inconvenienced and, accordingly, the Board is currently working on several options to minimize any impacts or lack of access to a pool”: There’s more than one pool at Icon Brickell. One suggestion we can contribute to their list of options includes the opening of the rooftop pool located at Fifty Ultra Lounge, which sits atop the Viceroy Tower for guests and owners alike.
The alleged closure of the pool deck could be a drawback not only for current inventory for sale and for rent but also for hotel. The hotel has been a solid option for those looking for luxury away from South Beach. How will the hotel work towards attract guests if its main amenity is out of action?
On a personal note, Icon has for quite some time been one of my favorite developments to sell in Brickell. With most of Downtown and Brickell shifting into a Buyer’s market, news such as these will only make this complex less competitive as compared to others within the neighborhood.
Due to the recognition and popularity of this particular development, I will keep a close eye on this and how it will affect the activity on the building.
Get well soon Icon’s pool deck!
**Update (07/26/2016): The site formerly known as Viceroy Miami in the Icon Brickell has since become the W Miami since this blog post was published earlier this year. You can visit the W Miami’s website here and also visit my article on the sale here.
If you would like to buy or sell real estate in Downtown Miami contact us today at 305-305-3885 or send us a message here ! We specialize in the Downtown Miami market and our knowledge in the area has already helped dozens of others achieve their real estate goals!