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1428 Brickell Reaches 30 Stories, Ytech Says: Construction Progress and What Buyers Should Know
Ytech says The Residences at 1428 Brickell has climbed to 30 of its 70 planned stories, five floors past the Level 25 mark it reported in early September. The milestone is real progress, but it is the developer’s own count. Here is what it does and does not tell a buyer.
Under construction · 30 of 70 stories (developer-reported)
Independent buyer research · Not affiliated with Ytech or its sales team
Five answers, as of October 9, 2026
Each answer is expanded, with sources, further down the page.
- What happened?
- Ytech says the tower has advanced to 30 stories, in sponsored content it published on The Real Deal. On September 3, 2026, Florida YIMBY relayed Ytech’s report that construction was reaching Level 25. We found no independent confirmation of the 30th level as of October 9.
- How far along is it?
- Fewer than half of the 70 planned stories are up, by the developer’s count. The finished tower is planned at about 861 feet with 195 residences.
- Is it sold?
- Ytech-sourced reporting put the project at more than 70% sold in September 2026, up from more than 60% in November 2025. These are presale contracts. No residence can close until the building is complete.
- When will it be finished?
- Ytech targets structural top-off around mid-2027, and completion is anticipated in late 2028. Both are developer targets, not commitments. Your purchase agreement is what governs.
- What should a buyer do next?
- Read the current offering documents and purchase agreement with an attorney, and establish independent representation before you contact the sales gallery.
Register with your representative before you visit. Developer broker-registration policies vary. Contacting the 1428 Brickell sales team or visiting Nolan House as an unrepresented buyer can affect whether an outside buyer’s agent is recognized and paid on your purchase. Our guide to Miami developer broker-registration rules explains why the order matters.
Thirty stories, by the developer’s count
The 30-story figure comes from Ytech itself. It appears in a sponsored article on The Real Deal, which is paid content from the developer, not independent reporting. The page was first published on September 17, 2026 and updated on October 1, so this is not a brand-new October announcement. It is the latest step in a climb the developer has been reporting since the foundation was poured.
The earlier marker is better documented. On September 3, 2026, Florida YIMBY quoted a Ytech post saying the tower was “now reaching Level 25 as vertical construction continues above Brickell Avenue,” and Markets of Tomorrow described the same Level 25 progress a day earlier. We have not seen independent photography or municipal records confirming the 30th level, so we treat that figure as developer-reported.
The headline also calls this a “$1.2 billion” project. None of the materials we reviewed define that figure, so we do not treat it as construction cost, total sellout or a valuation.
What changed, and what did not
The developer’s latest update moves the floor count and adds a top-off target. The building program and financing are unchanged.
| Item | Early September 2026 | Latest, to October 9 | Basis |
|---|---|---|---|
| Construction level | Level 25 (Ytech, via Florida YIMBY, Sept. 3) | 30 stories (Ytech sponsored article) | Developer-reported |
| Structural top-off | No date given | Around mid-2027 (Ytech target) | Developer target |
| Completion | Anticipated late 2028 | Unchanged | Developer target |
| Sales | More than 70% sold (Sept. 2) | No newer verified figure | Developer-reported |
| Building program | 70 stories, about 861 ft, 195 residences | Unchanged | Confirmed |
| Construction financing | $565 million (November 2025) | No new financing reported | Confirmed |
| Pricing, inventory, deposit schedule | Not published | Not published | Not verified |
The program. Ytech is developing a 70-story tower of about 861 feet at 1428 Brickell Avenue, with architecture by Arquitectonica, interiors by Antonio Citterio Patricia Viel (ACPV Architects), Coastal Construction as general contractor and Capform on concrete. The official website advertises 195 residences of two to four bedrooms. Some older materials, including the site’s own page description, still say 189. We use 195, the figure in current project materials and recent coverage.
The financing. In November 2025 Ytech closed $565 million in construction financing, with J.P. Morgan as senior lender and Sculptor Real Estate as junior lender, arranged by JLL Capital Markets. That followed a $104 million loan in March 2024. A closed construction loan is a strong sign that the project is funded to proceed, but it is not a guarantee of completion or of any delivery date.
What “70% sold” means in a tower that cannot close yet
The sales figures are the developer’s. In November 2025, coverage of the loan described the project as more than 60% sold. On September 2, 2026, Markets of Tomorrow reported it as more than 70% sold. Ytech has not published the underlying count, and no public source we found breaks the figure down.
“Sold” in pre-construction means signed purchase contracts backed by deposits. Those contracts close only when the building is finished and units are delivered, which on the current target is late 2028. A presale percentage tells you about demand and about the deposits supporting the project. It does not tell you what any residence will be worth at delivery, and it is not a record of closed sales.
From foundation to a mid-2027 top-off target
March 2024 · Confirmed
$104 million loan
Earlier financing for the project, reported by the South Florida Business Journal. By November 2024 the developer reported more than half of the residences pre-sold.
September 2025 · Confirmed
Mat foundation poured
About 13,000 cubic yards placed over 33 continuous hours, according to Florida YIMBY.
November 2025 · Confirmed
$565 million construction loan
J.P. Morgan (senior) and Sculptor Real Estate (junior).
Early September 2026 · Developer-reported
Level 25
Reported by Ytech and relayed by Florida YIMBY and Markets of Tomorrow.
September 17 – October 1, 2026 · Developer-reported
30 stories
Ytech’s sponsored article, first published September 17 and updated October 1.
Around mid-2027 · Developer target
Structural top-off
When the concrete structure reaches its full height. Facade, interiors and systems work continue after top-off.
Late 2028 · Developer target
Anticipated completion
Closings can begin only after the building is complete and units can be delivered.
Why top-off timing can matter to your cash flow. Pre-construction purchase agreements often tie deposit installments to construction milestones, and top-off is a common one. If your contract does this, faster or slower progress changes when you have to pay. We have not seen a verified current deposit schedule for 1428 Brickell and do not publish one. The only schedule that binds you is the one in your executed agreement.
Reading the milestone as a buyer
Five distinctions worth keeping in mind whenever a developer reports progress.
| What you will hear | What it shows | What it does not |
|---|---|---|
| “30 stories” | The structure is rising. | A delivery date, or that the finished building will match the renderings. |
| “More than 70% sold” | Signed presale contracts and deposits. | Closed sales, prices paid, or what a resale would bring. |
| “Top-off mid-2027, completion late 2028” | The developer’s current plan. | A contractual commitment. Completion terms are set in your purchase agreement. |
| An advertised deposit structure | How the developer markets the payments. | Your obligations, which are fixed by the agreement you sign. |
| The sales gallery team | Knowledgeable representatives of the developer. | Independent advice. They work for the seller. |
The developer’s own legal notice makes the same point. It states that oral representations “cannot be relied upon” as the developer’s representations, directs buyers to the documents required by Section 718.503 of the Florida Statutes, and says that drawings on the website are conceptual. Before committing, have a Florida attorney review the purchase agreement and condominium documents, including completion, deposit, escrow and cancellation terms. Nothing on this page is legal advice.
Who is on your side of the contract
The same legal notice says no agreements or arrangements made with any real estate broker are binding on the developer. That cuts both ways. A buyer’s agent cannot change the developer’s terms, and whether an outside agent is recognized depends on the developer’s registration process. Confirm that process before your first contact with the sales team, not after.
TheBuyerRebate.com and Jordan Real Estate represent buyers independently, with attorney-reviewed transaction support. Eligible buyers receive up to 50% of our buyer-agent commission back at closing. Whether a rebate applies, and how much, depends on the compensation available in your transaction, your representation agreement and lender and closing requirements. We confirm the figure in writing before you sign.
For the building profile, the residences and a 1428 Brickell-specific rebate estimate, see our complete buyer guide to The Residences at 1428 Brickell.
Considering 1428 Brickell? Talk to us before you contact the sales gallery.
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What this page is based on
Research cutoff: October 9, 2026. Developer-sponsored content is labeled as such. Where sources give different residence counts, we use the current figure and note the older one.
Source Register
- The Real Deal · sponsored by Ytech · Sept. 17, 2026, updated Oct. 1, 2026Yamal Yidios’ Ytech advances its $1.2 billion 1428 Brickell project to 30 stories
Developer-paid content. Supports: 30 stories and the mid-2027 top-off target, attributed to Ytech. - Florida YIMBY · September 3, 20261428 Brickell continues ascent into Miami’s Brickell skyline
Supports: Level 25 (quoting Ytech), 70 stories, 861 feet, 195 residences, design team, Coastal Construction and Capform, late-2028 completion. - Markets of Tomorrow · September 2, 2026The world’s first luxury high-rise partially powered by the sun is taking shape in Brickell
Supports: Level 25 and more than 70% sold. - Florida YIMBY · November 4, 2025Ytech secures $565 million in construction financing
Supports: loan amount, lenders, JLL as arranger, more than 60% sold at the time. - Commercial Observer · November 2025Ytech nabs $565M from JP Morgan to build Miami condo tower
Supports: independent confirmation of the financing. - Florida YIMBY · September 28, 2025Foundation pour completed
Supports: mat foundation pour, about 13,000 cubic yards over 33 hours. - South Florida Business Journal · November 13, 2024 (reprinted on the project website)70-story Brickell condo breaks ground
Supports: $104 million loan in March 2024 and more than 50% pre-sold as of November 2024. - Official project website · read October 9, 20261428brickell.com and legal notice
Supports: 195 residences, two to four bedrooms, Nolan House sales gallery, and the quoted legal-notice statements.
Independence and status. TheBuyerRebate.com / Jordan Group is not affiliated with Ytech, Ytech – 1428 Brickell, LLC, or any member of the project team. This page is independent buyer-advisory editorial content. Status is described as of October 9, 2026 and will change. Renderings are conceptual. The construction photograph shows earlier site activity, not current conditions. Nothing here is an offer to sell or a solicitation to buy real estate, and nothing here is legal, tax or financial advice. Rebate amounts depend on the compensation actually received on each transaction and, where financing is involved, lender approval of credits. Information is deemed reliable but is not guaranteed and is subject to change without notice.