After PMG's first Brickell signature tower sold out, the follow-up just launched sales — with individually-deeded private office suites built right into the residential tower. Here's the full breakdown.
Key Takeaways
- PMG launched sales at One Twenty Brickell Signature Residences after their first sister tower sold out — early-release pricing is below where re-sales will land within 18 months.
- The tower's signature differentiator is individually-deeded private office suites within the same building as the condos — built specifically for Miami business owners who want to live, work, and invest under one address.
- For a financial center like Brickell where Class A office asking rents have crossed $200/SqFt, owning your office unit at this entry point reframes the rent-vs-buy calculation entirely.
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When PMG sold out the first phase of their Brickell Signature Residences program, the question for serious Miami buyers became: where's the next one, and how do I get in before everyone else figures it out?
The answer arrived on April 27, 2026, when PMG officially launched sales at One Twenty Brickell Signature Residences — a 40-story tower on Brickell's south corridor that does something almost no other new Miami tower attempts: it sells you a condo and lets you separately buy a deeded private office suite in the same building.
I have been quietly tracking this project since the planning phase. As the Miami real estate agent who has watched dozens of Brickell launches go from announcement to sellout, this one matters specifically for the audience I work with most — business owners building wealth through real estate.
The Bird's-Eye Project Summary
- Project: One Twenty Brickell Signature Residences
- Developer: PMG (Property Markets Group)
- Location: South Brickell corridor, Miami
- Height: 40 stories
- Type: Mixed-use residential + individually-deeded private office suites
- Sales launch: April 27, 2026
- Pricing: From the mid-$700Ks to $3M+ on the residence side; private office suites priced separately
- Status: Sales actively open, pre-construction
The standout feature — and the reason I'm writing this article — is the deeded private office concept. This isn't shared coworking. It isn't WeWork on retainer. These are individually-owned, individually-titled office suites that you buy outright, take depreciation on, finance with commercial financing or pay cash for, and use as your business address.
Why This Matters in June 2026 Brickell
I covered the rent-vs-buy office math in my piece "Miami Office Rents Just Crossed $200/SqFt — Why Smart Business Owners Are Buying Instead of Renewing in 2026." The short version: prime Brickell Class A office is now asking $200+ per square foot in annual rent, and that number is still climbing. A 2,000 SqFt office at $200/SqFt is $400,000/year in rent. Over a 10-year lease, that's $4M out the door with zero equity, zero appreciation, and a landlord raising rent on you every renewal.
Owning instead — through SBA 504 financing at roughly 10% down, or commercial portfolio financing — generates equity, depreciation deductions, and complete control over the space. As I broke down in "Should Your Miami Business Buy Its Office or Keep Renting? The 2026 Honest Math," the break-even on owning vs renting in Brickell at current rates is somewhere between year 4 and year 6, depending on how the deal is structured.
What One Twenty Brickell does is collapse the choice. You don't have to find a separate building for your office, drive between your condo and your workspace, or coordinate two separate transactions with two separate lender stacks. You buy your residence on a residential mortgage. You buy your office suite on commercial financing. Same building. Same elevator bank, in some configurations.
That logistic simplification is genuinely valuable. The financial simplification — being able to depreciate the office at one address while building residential equity at the same one — is more valuable than most buyers initially realize.
- Miami Market Snapshot — June 2026:
- Brickell Class A office asking rents: north of $200/SqFt
- Miami-Dade single-family median: roughly $640,000 (May 2026)
- Miami-Dade condo inventory: ~13 months supply
- Brickell residential days on market: 65-80 days (faster than overall county)
- New Brickell launches in 2026 YTD: 8+ active projects
The Building Itself
The architectural language is consistent with PMG's previous Brickell projects — curated finishes, generous interior volume, and design that targets the affluent business-class buyer rather than chasing the spec-luxury price ceiling.
Floor plans range from one-bedrooms designed for the business-owner pied-à-terre or starter rental, through three-bedrooms suitable for primary residency. Ceiling heights are generous. Floor-to-ceiling glass takes advantage of the Brickell view corridor north toward the financial district and south toward the bay.
Amenities follow the now-standard South Florida luxury playbook with PMG's specific additions: pool deck with cabanas, full fitness with private training studios, work-from-home flex rooms in addition to the deeded private offices, business lounge, dining room with chef-driven catering, and what I'm told will be a dedicated boardroom for residents conducting meetings on-site.
The Private Office Suites — How They Actually Work
The deeded private offices are sold as separate commercial condominium units. You buy them like you'd buy a commercial condo anywhere — with a commercial loan, an SBA 504 if structured properly, or cash.
Suites range from compact single-occupancy professional spaces through larger multi-room layouts suited for a small business with 5-12 employees. Each suite has its own folio number, its own taxable basis, and its own deeded title — meaning depreciation, mortgage interest, property tax, HOA, and operating expenses are deductible business expenses against your business's revenue.
For a Miami business owner currently paying $50,000-$200,000/year in office rent, the conversation flips. The mortgage on a comparable owned office suite in this building is likely to come in around the same monthly outlay — but instead of going to a landlord, it goes to building equity in an appreciating Brickell asset.
This is the same playbook I broke down in "The Miami Business Owner's Guide to Buying Commercial Property in 2026" and "The SBA 504 Loan: How Miami Business Owners Buy Commercial Property With Just 10% Down." If you haven't read those, start there.
The Investment Angle for Non-Owner-Occupants
Not every buyer in this project will be a business owner planning to occupy. Some will be straight residential investors. Others will be commercial investors buying the office suites for rental to other Brickell businesses.
The rental math on the residential side is competitive — Brickell rents have stayed firm even through the broader condo softness, because the demand from financial-sector professionals, international workers, and World Cup 2026 relocators has stayed steady.
The commercial-suite rental math is even more interesting. Small-format private offices in Brickell rent for $35-$55/SqFt/year right now. Buying a 600 SqFt suite at the project's price point and leasing it at Brickell market rates can produce double-digit gross yields — significantly better than the residential side of the same building.
Pricing Reality Check
The honest pricing analysis: PMG priced this tower at a discount to where similar quality new construction is trading in the same Brickell corridor today. That's deliberate. The first tower sold out quickly, and PMG's strategy on the second tower appears to be moving inventory aggressively rather than testing the ceiling.
For early buyers, that means the spread between contract price now and likely re-sale price at delivery (estimated 2028-2029) is meaningful. Not guaranteed — pre-construction never is — but the underwriting math at current pricing supports the thesis.
The deposit structure is the standard PMG schedule: 10% at contract, 10% at groundbreaking, 10% at top-off, balance at closing. For buyers paying cash or with significant down payments, the deposit timeline allows you to make the investment work without tying up capital you'll need for other purposes.
I covered the deposit-schedule strategy in detail in "How to Buy Pre-Construction in Miami: The 2026 Deposit Schedule, Timeline, and Risk Playbook Every Buyer Needs."
Where to Learn More
For pricing details, current availability, and project specifications, I'm happy to walk through the full deck personally. The buyers who do well in this kind of release are the ones who get the package early, run their own underwriting, and decide quickly.
Frequently Asked Questions
Q: When will One Twenty Brickell Signature Residences be completed? A: Estimated delivery is late 2028 through 2029, based on PMG's published schedule for the 40-story build. Sales launched April 27, 2026, with construction following the standard PMG deposit-funded timeline.
Q: Can I finance both a condo and a private office in the same building? A: Yes — they're treated as two separate transactions. The residence uses a residential mortgage (conventional, jumbo, or portfolio depending on price point). The office suite uses commercial financing, typically SBA 504 if it qualifies, or commercial portfolio loans. Both can be done with the same lender if structured properly.
Q: How does the One Twenty Brickell deposit schedule work? A: Standard PMG pre-construction structure: 10% at contract signing, 10% at groundbreaking, 10% at top-off, and the balance at closing. This spreads the capital outlay over the construction timeline rather than requiring a large lump sum upfront.
Q: Is One Twenty Brickell a good investment for non-business-owners? A: Yes, especially for residential investors targeting the Brickell renter pool. The location, finishes, and brand positioning support stable long-term rental demand. Commercial-suite investors targeting small-business tenants in Brickell can typically achieve higher gross yields than the residential side of the same building.
Explore the full One Twenty Brickell project on my website: https://www.carloscabalerealtor.com/new-development/one-twenty-brickell
Whether you're buying, selling, or investing — I've got you. Partnership Realty / Partnership Realty Inc / +1 (561) 629-0358 / carloscabalerealtor.com
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