Swire Properties Continues to Lead Development Industry in Miami with Groundbreaking of...

Swire Properties Continues to Lead Development Industry in Miami with Groundbreaking of Carbonell Condominium…Already 70 Percent Sold

Building Is Tribute To Cuban Sculptor Manuel Carbonell, Whose Art Beautifies Much Of Brickell


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MIAMI, FL–(HISPANIC PR WIRE – BUSINESS WIRE)–November 24, 2003–Swire Properties has managed to top the industry again, with its 10th successful building on Brickell Key. The Miami development pioneer will break ground on a new residential project, Carbonell, on December 12, and already has firm contracts on 70 percent of its 284 units.

Rising 40 stories, Carbonell will crown Swire’s portfolio of luxury condominiums on Brickell Key, and claim a prime location, on the northwest corner of the island, overlooking the Miami River and offering sweeping views of the Miami skyline and Biscayne Bay.

Carbonell will express Swire’s trademark attention to detail in everything from the exceptional stainless steel sky bridge, maple wood and marble used to accent the lobby and signature Carbonell bronze sculpture on the arrival plaza to the full-service concierge and high-speed security-controlled elevators.

“Carbonell will be another milestone for Swire as it marks its 25th anniversary on Brickell Key,” explained Swire Properties President Stephen L. Owens. “It is our long-term investment in high-quality design and construction that has resulted in one of the premier urban, planned developments on the east coast,” he said.

The one-, two-, three- and four-bedroom residences, priced between $370,000 for a one-bedroom apartment and $2 million for a four-bedroom penthouse, will play upon the senses upon entering. Clear floor-to-ceiling glass and high smooth-plaster ceilings will provide a feeling of expansive light and space.

Kitchens will feature black Impala granite countertops, Italian cherry wood cabinets, a wine cooler, top-of-the-line stainless steel appliances from Sub-Zero and Miele, including a Miele ceramic cooktop stove and oven, with integral microwave and a double Franke stainless sink.

Most units will be equipped with powder rooms and master bathrooms will feature a Tara Jacuzzi whirlpool bath, imported marble flooring, marble vanity tops or pedestal sinks, frameless glass shower enclosures and custom fixtures.

Overall, the sleek Carbonell tower, estimated to be completed by March 2005, is conceived by Swire to provide an environment where maintaining a healthy balance is a pleasure, where luxury and services share the stage with comfort and physical well-being. And much like a lavish resort, residents will be able to step out and swim their morning laps in the 30-meter heated bayfront pool and soak in the whirlpool spa. Other health-conscious residents will appreciate the bi-level fitness center, featuring state-of-the-art cardiovascular and weight training equipment, an exercise room for dance and yoga, and tennis, racquetball and squash courts.

After 25 years and $500 million invested on one ideally located urban island at the mouth of the Miami River, there can be no doubt that Brickell Key is an exceptional place to live. Swire Properties’ foresight, world-class design, quality and history have succeeded in creating Miami’s perfect community — a city within a city.

Swire Properties Inc. is a wholly owned subsidiary of Swire Pacific Limited, headquartered in Hong Kong and London. Swire Pacific Limited is a member of Swire Group, founded in the British Isles in 1816, and a publicly owned company, which still numbers fifth generation Swire family members among its corporate leaders. Today, Swire Group is ranked among the 250 largest companies in the world.

Carbonell’s sales office is located at 681 Brickell Key Drive. For more information please call 305-371-2888 or 800-371-9888.

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CONTACT:

Swire Properties Inc., Miami

Carmen Argamasilla, 305-446-6695

Swire Properties Continues to Lead Development Industry in Miami with Groundbreaking of Carbonell Condominium…Already 70 Percent Sold