The prices at the luxurious condo development, Icon Brickell, have plummeted. Prices have dropped as low as $298 a square foot from the once sky-high $650 per square foot. The Icon Brickell is well known for its superlative beauty and ultra-contemporary style. Bank of America and HSBC Holdings have taken control of the Related Group’s three-tower project and have pushed down the prices, while aiming to gain a financial advantage. HSBC Holdings is in control of the mortgages of the first two towers, while Bank of America has the third. Both groups have been actively involved in setting the new prices at the Icon Brickell.
Via: The Real Deal
