✦The Rundown
Solaris at Brickell Bay is a 22-story, 138-unit condominium at 186 SE 12th Terrace, completed in 2006 by H&H Development and designed by Cohen Freedman Encinosa and Associates. It is a boutique, mid-tier building in South Central Brickell, one block from the waterfront. Under normal circumstances, Solaris would be a straightforward value-tier Brickell building with decent units, average amenities, and a good location. These are not normal circumstances. Solaris sits at the center of one of the most closely watched real estate stories in Miami: the alleged effort by Ken Griffin and Citadel to acquire enough units to trigger a condo termination and redevelop the site as part of Griffin's broader 4.2-acre Brickell Bay development. Anonymous Delaware-based LLCs have purchased nearly half of the building's units since 2022. Residents have received lowball buyout offers. The Wall Street Journal reported the story in November 2024. The building is a wildcard, and anyone buying or renting here needs to understand that reality.
Solaris at Brickell Bay is one of the most unusual building profiles on this site. Under normal circumstances, it would be a 3.0-star value-tier Brickell building with decent units, average amenities, and a good location. But these are not normal circumstances. The alleged Ken Griffin / Citadel condo termination play is A looming question mark, it has been reported by the Wall Street Journal and the Miami Herald, and it changes the calculus entirely. If you are a renter, the location is great and the risk is manageable. If you are a buyer, you need a real estate attorney who understands condo termination law before you close. The wildcard rating is intentional. This building could be demolished and redeveloped within five years. It could also remain exactly as it is. Nobody knows. What we do know is that you should not buy here without understanding exactly what you are getting into.
✦ Ask Chris AI about Solaris at Brickell BayWho Lives Here
Solaris at Brickell Bay has a mixed population of long-term owner-residents who are fighting the buyout pressure, investor-owned units that are being rented out, and renters who are drawn to the location and price point. The building is not a party scene or an influencer building. It is a mid-tier Brickell address with a complicated ownership situation. The residents who remain are either committed to staying and fighting or are unaware of the full scope of what is happening around them.
The Neighborhood
Solaris at Brickell Bay sits in South Central Brickell, one block from Biscayne Bay. The location is excellent for daily life: Brickell Avenue is steps away, Mary Brickell Village is a short walk north, and the Metromover provides easy access to the broader Miami transit network. The building is surrounded by Ken Griffin's Citadel development footprint on multiple sides, which defines the neighborhood context more than anything else right now.
Citadel HQ Site (under construction)
The 54-story, $2.5 billion Citadel headquarters is being built on the 4.2-acre site to the east. Construction has begun and will continue for years. The Citadel development is the reason Solaris is in the news.
Ken Griffin-owned office building and parking lot
Griffin owns the office building and parking lot to the south and west of Solaris. These properties are part of his broader Brickell Bay development footprint.
Brickell Avenue
The financial spine of Brickell with banks, restaurants, and the full corridor of the neighborhood.
Mary Brickell Village
The open-air dining and retail hub of South Brickell. Restaurants, bars, and shops within easy walking distance.
Metromover Brickell Station
Free elevated transit connecting to Brickell City Centre, Downtown, and Brightline.
Biscayne Bay
One block east. The waterfront is close but the building is not directly on the bay.
◆ What's Changing
Solaris at Brickell Bay is surrounded by Ken Griffin's development footprint. The Citadel HQ tower is under construction to the east. Griffin owns the office building and parking lot to the south and west. Anonymous LLCs have purchased nearly half of Solaris's 138 units since 2022, and residents have received buyout offers. If Griffin acquires enough units to reach the threshold required for a condo termination under Florida law (typically 80% ownership), the building could be demolished and redeveloped as part of the broader Citadel campus. The timeline is uncertain. The outcome is uncertain. But the direction of travel is clear.
What You Get
Pool & Recreation
- ✓Pool deck
- ✓BBQ grills
Fitness & Wellness
- ✓Fitness center
Building Services
- ✓24-hour security
- ✓Covered parking garage
- ✓Concierge
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