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Developer: Fairfield Residential LLC
Architect: Nichols, Brosch
Description: Condos, Lofts, Retail
Type: Condominium
Units: 403
Floors: North Tower 6, South Tower 27
Number of Bedrooms: 1,2 & 3
Unit Sq. Ft. Range: 756-1,995
Price Range: Mid $ 200,000's - $ 800,000's
Maintenance Fee: Est. $ .45 per Sq.Ft.
Amenities: Temperate Controlled Pool, Fitness Center, 24 hour Concierge, Parking Valet. No pet restrictions. (Except pets considered to be dangerous)
Completion Date: North Tower- Completed, Main Tower-Fall 2007

Brickell Key Condos are situated right along the waterfront and nowadays, a condo on the waterfront of Miami Beach is the place to be if you are looking for the very best of everything. Conveniently situated smack dab in the middle of Miami’s greatest activity, Brickell Key Condos give their owners immediate access to a variety of resources.
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Brickell key One View condos for rent View condos for sale		Enter condo website 520 Brickell Key Dr Miami, FL 33131
Brickell Key Two View condos for rent View condos for sale		Enter condo website 540 Brickell Key Dr Miami, FL 33131
Carbonell condo View condos for rent View condos for sale		Enter condo website 901 Brickell Key Blvd Miami, FL 33131
The Courts condo View condos for rent View condos for sale		Enter condo website 801 Brickell Key Blvd Miami, FL 33131
Courvoisier Courts View condos for rent View condos for sale		Enter condo website 701 Brickell Key Blvd Miami, FL 33131
The Isola condo View condos for rent View condos for sale		Enter condo website 770 Claughton Island Dr Miami, FL 33131
St Louis condo View condos for rent View condos for sale		Enter condo website 800 Claughton Island Dr Miami, FL 33131
Tequesta Point One View condos for rent View condos for sale		Enter condo website 888 Brickell Key Dr Miami, FL 33131
Tequesta Point Two View condos for rent View condos for sale		Enter condo website 848 Brickell Key Dr Miami, FL 33131
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Asia Condo Under Construction View condos for rent View condos for sale		Enter condo website 900 Brickell Key Blvd Miami, FL 33131

Crisis Deepens as Big Bank Fails

IndyMac Seized In Largest Bust In Two Decades

By DAMIAN PALETTA and DAVID ENRICH
July 12, 2008

IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators, in the third-largest bank failure in U.S. history.
IndyMac is the biggest mortgage lender to go under since a fall in housing prices and surge in defaults began rippling through the economy last year -- and it likely won't be the last. Banking regulators are bracing for a slew of failures over the next year as analysts say housing prices have yet to bottom out.

The collapse is expected to cost the Federal Deposit Insurance Corp. between $4 billion and $8 billion, potentially wiping out more than 10% of the FDIC's $53 billion deposit-insurance fund.
The Pasadena, Calif., thrift was one of the largest savings and loans in the country, with about $32 billion in assets. It now joins an infamous list of collapsed banks, topped by Continental Illinois National Bank & Trust Co., which failed in 1984 with $40 billion of assets. The second-largest failure was American Savings & Loan Association of Stockton, Calif., in 1988.
The director of the Office of Thrift Supervision, John Reich, blamed IndyMac's failure on comments made in late June by Sen. Charles Schumer (D., N.Y.), who sent a letter to the regulator raising concerns about the bank's solvency. In the following 11 days, spooked depositors withdrew a total of $1.3 billion. Mr. Reich said Sen. Schumer gave the bank a "heart attack."

"Would the institution have failed without the deposit run?" Mr. Reich asked reporters. "We'll never know the answer to that question."
Mr. Schumer quickly fired back.
"If OTS had done its job as regulator and not let IndyMac's poor and loose lending practices continue, we wouldn't be where we are today," Sen. Schumer said. "Instead of pointing false fingers of blame, OTS should start doing its job to prevent future IndyMacs."

IndyMac had been troubled for months, and investors were concerned about its possible downfall well before Sen. Schumer's comments. It specialized in Alt-A loans, a type of mortgage that can often be offered to borrowers who don't fully document their incomes or assets. The company sold most of the loans it originated, but continued to hold some on its books. As defaults piled up, IndyMac's finances deteriorated.
The bank will be run by the FDIC and reopen Monday. The FDIC typically insures up to $100,000 per depositor. IndyMac had roughly $19 billion of deposits. Nearly $1 billion of those deposits were uninsured, affecting about 10,000 people, the FDIC said.IndyMac had been troubled for months, and investors were concerned about its possible downfall well before Sen. Schumer's comments. It specialized in Alt-A loans, a type of mortgage that can often be offered to borrowers who don't fully document their incomes or assets. The company sold most of the loans it originated, but continued to hold some on its books. As defaults piled up, IndyMac's finances deteriorated.
The bank will be run by the FDIC and reopen Monday. The FDIC typically insures up to $100,000 per depositor. IndyMac had roughly $19 billion of deposits. Nearly $1 billion of those deposits were uninsured, affecting about 10,000 people, the FDIC said.
IndyMac's arc -- rapid growth, followed by an even more rapid descent -- is a microcosm of the mortgage industry. It boomed in the first part of this decade, as investors were willing to fund loans on ever-looser terms, then hit hard times when the housing market began to turn down in late 2006.
Small mortgage lenders started going under quickly, with the number of failures climbing into the hundreds. Now the fallout has spread world-wide, bringing down some of America's largest financial institutions. Bear Stearns Cos., which suffered losses on mortgage-related investments, underwent a meltdown in March and had to be rescued by J.P. Morgan Chase & Co.
Countrywide Financial Corp., at one time the nation's largest mortgage lender, saw its stock price plunge this year and was forced to sell itself to Bank of America Corp. at a firesale price.
IndyMac, in a last-ditch effort to fend off collapse after it failed to raise fresh capital, said this past week it was firing more than half its work force and closing most of its lending operations. While its shares had been tumbling since early 2007, the move was nonetheless jarring for a company that ranked as the ninth-largest U.S. mortgage lender last year in terms of loan volume, according to trade publication Inside Mortgage Finance.
IndyMac is one of the few federally insured banks to fail in recent years. Banking regulators are bulking up their staff of bank examiners and taking a tough approach toward banks that are seen as risky.
Mr. Reich, the thrift regulator, noted that the IndyMac case had some "unique" features, including the involvement of Sen. Schumer and the rapid fall in its deposits. Officials said most of the recent withdrawals came from depositors at branches, rather than those making deposits at IndyMac's online bank.
IndyMac was set up by Countrywide in 1985, but the two companies severed ties in 1997 and became direct competitors. The company's name stands for Independent National Mortgage. It was created to specialize in jumbo mortgages -- those that are too big to be sold to government-backed Fannie Mae and Freddie Mac. In 1997, under the direction of Chief Executive Michael Perry, a protege of Countrywide chief Angelo Mozilo, IndyMac set off on its own.
The company grew quickly, pioneering the issuance of so-called Alt-A mortgages to people with blemished credit histories. The loans have gained notoriety as an example of the type of lax lending that came to characterize much of the mortgage industry.

Early last year, Mr. Perry remained optimistic about IndyMac's future, insisting that the company had the resources to remain independent. At the time, IndyMac's stock was trading for about $45 a share.
But the combination of the frozen credit markets and mounting defaults on IndyMac loans steadily sapped investor confidence in the company. In February, IndyMac reported the first annual loss in its 23-year history. By this week, its shares, which ended last year at less than $7 each, were trading for 28 cents apiece.
The company was desperate for more capital but couldn't find investors willing to put fresh funds into what looked like a crippled institution.

The failure could be felt across the entire banking industry, as the FDIC will likely have to raise insurance assessments for all banks to build up government reserves. "It takes a big chunk out of the FDIC insurance fund," said Chip MacDonald, a banking lawyer at law firm Jones Day. He said that if the FDIC hikes insurance fees, that will add to already-intense pressure on bank profits.
The OTS and FDIC didn't secure any outside firm to acquire the bank's assets. The FDIC will temporarily run the bank through a new bank it has created, called IndyMac Federal Bank, FSB.
IndyMac's arc -- rapid growth, followed by an even more rapid descent -- is a microcosm of the mortgage industry. It boomed in the first part of this decade, as investors were willing to fund loans on ever-looser terms, then hit hard times when the housing market began to turn down in late 2006.
Small mortgage lenders started going under quickly, with the number of failures climbing into the hundreds. Now the fallout has spread world-wide, bringing down some of America's largest financial institutions. Bear Stearns Cos., which suffered losses on mortgage-related investments, underwent a meltdown in March and had to be rescued by J.P. Morgan Chase & Co.

Countrywide Financial Corp., at one time the nation's largest mortgage lender, saw its stock price plunge this year and was forced to sell itself to Bank of America Corp. at a firesale price.
IndyMac, in a last-ditch effort to fend off collapse after it failed to raise fresh capital, said this past week it was firing more than half its work force and closing most of its lending operations. While its shares had been tumbling since early 2007, the move was nonetheless jarring for a company that ranked as the ninth-largest U.S. mortgage lender last year in terms of loan volume, according to trade publication Inside Mortgage Finance.

IndyMac is one of the few federally insured banks to fail in recent years. Banking regulators are bulking up their staff of bank examiners and taking a tough approach toward banks that are seen as risky.
Mr. Reich, the thrift regulator, noted that the IndyMac case had some "unique" features, including the involvement of Sen. Schumer and the rapid fall in its deposits. Officials said most of the recent withdrawals came from depositors at branches, rather than those making deposits at IndyMac's online bank.
IndyMac was set up by Countrywide in 1985, but the two companies severed ties in 1997 and became direct competitors. The company's name stands for Independent National Mortgage. It was created to specialize in jumbo mortgages -- those that are too big to be sold to government-backed Fannie Mae and Freddie Mac. In 1997, under the direction of Chief Executive Michael Perry, a protege of Countrywide chief Angelo Mozilo, IndyMac set off on its own.
The company grew quickly, pioneering the issuance of so-called Alt-A mortgages to people with blemished credit histories. The loans have gained notoriety as an example of the type of lax lending that came to characterize much of the mortgage industry.

Early last year, Mr. Perry remained optimistic about IndyMac's future, insisting that the company had the resources to remain independent. At the time, IndyMac's stock was trading for about $45 a share.
But the combination of the frozen credit markets and mounting defaults on IndyMac loans steadily sapped investor confidence in the company. In February, IndyMac reported the first annual loss in its 23-year history. By this week, its shares, which ended last year at less than $7 each, were trading for 28 cents apiece.
The company was desperate for more capital but couldn't find investors willing to put fresh funds into what looked like a crippled institution.
The failure could be felt across the entire banking industry, as the FDIC will likely have to raise insurance assessments for all banks to build up government reserves. "It takes a big chunk out of the FDIC insurance fund," said Chip MacDonald, a banking lawyer at law firm Jones Day. He said that if the FDIC hikes insurance fees, that will add to already-intense pressure on bank profits.
The OTS and FDIC didn't secure any outside firm to acquire the bank's assets. The FDIC will temporarily run the bank through a new bank it has created, called IndyMac Federal Bank, FSB.

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About Bayshore Place Condo

Year Built: 1973
Number of Floors: 17
Number of units: 77
Sq. Ft. range: 750 - 2,050
Beds: 1-3
Baths: 1-2

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Bayshore Place Amenities:

- 24-hr Security
- Covered Parking
- Pool
- Spa
- Gym
- Walking distance to Brickell Avenue

Bayshore Place Condo

The Bayshore Place condo is a quality, well built property in Brickell Miami. The condominium community amenities include a picnic area and the ever useful pool and spa for those hot Miami summers. Residents also benefit from covered parking areas, 24 hour security and an exercise room. With its water views, as well as easy ocean access, the Bayshore Place Condominium is a real Florida jewel.

Bayshore Place Condo in Miami represents a great investment opportunity for the buyer or simply a nice place to rent and live! Bay views are on offer, as are covered parking spaces. Enjoy ocean breezes from your condo balcony.

The Brickell Shores condo is a quality, well built property in Brickell Miami. The condominium community amenities include a picnic area and the ever useful pool and spa for those hot Miami summers. Residents also benefit from covered parking areas, 24 hour security and an exercise room. With its water views, as well as easy ocean access, the Brickell Bay Tower Condominium is a real Florida jewel.

Brickell Shores Condo in Miami represents a great investment opportunity for the buyer or simply a nice place to rent and live! Bay views are on offer, as are covered parking spaces. Enjoy ocean breezes from your condo balcony.



Miami Brickell Condos
 

One Village Place  - One Village Place condominium
Year built: 2008
Developer: Roger Development Group
Description: Residential, Retail
Type: Condominiums, Mix -Use Building
Floors: 9
Number of Bedrooms: 1 & 2
Floorplans Unit Sq. Ft. Range: 1,065-2,207   See Floor plans
Price Range: $ 450,000's - $ 750,000's
Amenities: Temperate Controlled Pool, Fitness Center, Valet

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The One Village Place is located next to the "Village of Merrick Park on Salzedo Street (between Ponce de Leon and Lejeune Road). The area is up and coming and will be a booming residential/commercial area in the next 2-3 years. 
Walking distance to high end stores like Neiman Marcus, Nordstrom's and restaurants like Villagio Italian restaurant, Chispa and coming soon P.F. Chang!

Brickell Key Condos Home Page

1- St Louis Condo Brickell Key
2- Isola Condo Brickell Key
3- Brickell Key One Condo
4- Brickell Key Two Condo
5- Tequesta Two Brickell Key
6- Tequesta Three Brickell Key
7- Tequesta One Brickell Key
8- Asia Condo Brickell Key
9- Carbonell Condo Brickell Key
10- Courts Condo Brickell Key
11- Courvoisier Courts Brickell

All Miami Brickell Condos