All Those Cranes You See in the Miami Skyline? Most are Apartment Buildings, Not Condos

All Those Cranes You See in the Miami Skyline? Most are Apartment Buildings, Not Condos

Jun 25, 2019 June 25, 2019

While Miami is known for its extensive array of luxury condos, not all of those new construction projects popping up everywhere are condo towers. In fact, a huge majority of them are actually apartment buildings, geared toward young urban professionals who would rather rent than buy.

According to the Miami Downtown Development Authority, in December of 2018 their Market Insights reported 4,480 rental apartments under construction in the greater Downtown area, which consists of Edgewater, Overtown, Wynwood and Brickell. That number nearly doubles the 2,317 condos that were being built in the same area at that time.

Recently Completed Rental Apartment Projects


Below are some of the most recently completed projects in the downtown area. Some are offering move-in bonuses to lure tenants, such as a month of free rent, and perks such as 24-hour concierge service.

Modera Riverhouse

1170 Northwest 11th Street

Modera Riverhouse

Modera Riverhouse - Photo credit: Modera Riverhouse


Modera Riverhouse, a brand-spanking-new building that opened in February of 2019, is located in the Spring Garden Historic District, overlooking the Miami River, and only minutes from the hustle and bustle of Brickell.

Floor plans feature studios, and one, two, and three-bedroom layouts, with rents starting at $1745 monthly. Units feature quartz countertops, tile backsplashes, stainless steel appliances, and chef’s islands in the kitchen, as well as panoramic views and walk-in closets.

Building amenities include a rooftop pool, deck, and sky lounge, as well as the historic Casa Jardin garden house, reinvented as a community lounge space with internet access and fresh coffee service.

Caoba

698 NE First Ave.

Caoba

Caoba - Photo credit: Caoba


Opened in February of 2019, Caoba is a 43-story apartment tower located at Miami Worldcenter, and is the first component to be completed at the 27-acre multi-use facility currently under construction in Downtown Miami.

According to managing principal at Miami Worldcenter Nitin Motwani, tenants at Caoba come from all walks of life. “It’s everything from corporate workers to fresh-out-of-college young people to families to empty nesters,” Motwani explained. “We’re not just targeting one demographic. We’re running the gamut.”

Caoba features 444 rental apartments that range from 500 to 1,300 square feet in size, with over half of the units designed as studios and one-bedrooms. Rents range from $1,775 to $4,275.

Caoba is located in the midst of the multi-faceted Miami Worldcenter, which will be filled with apartments, hotel rooms, offices, conference centers, retail, and food and beverage outposts. It is also one block east of the new MiamiCentral train station, which intersects the Brightline, Metrorail, Metromover, and Tri-Rail services, making this one of the best spots in the city for those who want to get around easily on public transportation.

Muze at Met

340 SE 3rd Street

Muze at Met

Muze at Met - Photo credit: Muze


Also completed and opened in February of 2019, Muze is home to studios as well as one, two, and three-bedroom apartment units with stunning views, and rents starting at $1756.

The building features a lushly landscaped sun deck with a heated salt-water swimming pool, a 24-hour Zen wellness room, yoga and cycling studios, massage rooms, onsite retailers, a museum-inspired lobby with great art, a covered outdoor pavilion with summer kitchen, an entertainment lounge, services such as 24-hour concierge, and an onsite pet salon.

Next door to Whole Foods and near Bayfront Park, Museum Park, the Arts and Entertainment District, and Miami Worldcenter, Muze has earned a walkability score of 98, a bike score of 80, and a transit score of 100, thanks to its \ proximity to the Brightline, Metrorail, Metromover, and Tri-Rail train services.

Apartment Buildings Currently Under construction


Below we’ve listed some of the buildings nearing completion in the coming months, and we can expect them to also offer move-in incentives for prospective tenants.

The Bradley

51 Northwest 26th Street

The Bradley

The Bradley - Photo credit: The Bradley Wynwood


The Bradley is located in the heart of Wynwood and slated for completion in late 2019. This 175-unit tower will be among the most affordable of the new rental developments, with studios, one, and two-bedroom units ranging from 480 to 1,000 square feet, and rents starting in the low $1,400s, with most units renting for under $2,000.

Residences feature Italian designer kitchens, stainless steel appliances, walk-in closets, in-unit washer and dryer, and a safe and convenient keyless entry system. The building will also feature over 32,000 square feet of retail, restaurant, and office space.

Designed by Arquitectonica under the creative direction of Kravitz Design, the Bradley is a project of renowned artist Lenny Kravitz.

Amenities include a gated entrance, 24-hour concierge service, a rooftop deck and pool, outdoor kitchen with barbeques, a formal dining area, bicycle storage, and a fully equipped fitness center and health club that serves residents as well as their guests.

All common areas are equipped with high-speed Internet, as well as a curated collection of art and murals by an assortment of local and international artists.

Wynwood 25

252 NW 25th Street

Wynwood 25

Wynwood 25 - Photo credit: Wynwood 25


Scheduled for completion in Summer 2019, Wynwood 25 is located on NW 25th Street just west of NW 2nd Avenue, smack dab in between the famous Wynwood Walls and Panther Coffee. The project includes an eight-story, 425,000 square foot building, housing 289 rental apartments, along with 31,000 square feet of ground level retail, and a parking lot accommodating 340 vehicles.

The goal of the new developments in Wynwood is to create vibrant, walkable communities inhabited by professional millenials. Layouts at Wynwood 25 range from studios to 3-bedrooms and rents will begin at around $1610.

Amenities at Wynwood 25 include a world-class fitness center with a yoga studio, collaborative spaces designed for working from home, a coffee lounge surrounded by a 12,000 square foot courtyard, and such extras as bike storage, package storage, and dog bathing facilities.

The building also features a garden roof terrace with a pool, spa, barbeque, as well as work areas, and green spaces with beautiful city views.

Modera Bay

411 Northeast 21st Street

Modera Bay

Modera Bay - Photo credit: Modera Bay


Slated for completion in 2021, Modera Bay will house luxury rental units, with rents starting at around $1905.

Sitting on the shoreline overlooking Biscayne Bay, this 8-story building will encompass 297 studio, one-, two- and three-bedroom apartments with features like natural quartz countertops and custom cabinetry.

The building includes amenities such as a rooftop pool deck with dazzling views, and is located near all of the local hot spots in Downtown, Midtown, Wynwood, and the Design District, including Margaret Pace Park, Museum Park, the Arsht Center and Ziff Opera House, and a bevy of eateries and boutiques.

The Cranes Ain’t Condos


So now you know that most of the cranes you see everywhere aren’t condo buildings, but rather apartment rental buildings. :)



Cover photo credit: Phillip Pessar
Contact Us
Founder, Condoblackbook.com & Owner/Broker, BlackBook Properties
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Miami Condos with Shabbat Elevators
Real Estate News Miami Condos with Shabbat Elevators
Last updated June 11, 2021. Whether you refer to it as the Sabbath, Shabbat, Shabbos, or by any other term, your religious commitment to observing a holy day of rest should not prevent you from enjoying a luxury condo lifestyle in the subtropical paradise that is Miami.  For this reason, a number of condo communities provide the convenience of a Shabbat or Sabbath elevator, which is a specially programmed elevator that stops automatically on every floor during the Jewish Sabbath, from sundown on Friday evening until sundown on Saturday of every week.  This service is provided in order to accommodate the Jewish religious law that prohibits religious observers from pushing buttons or operating machinery during the Sabbath. While Miami today is known as a particularly Jewish-friendly metropolis, Jews were not even allowed to enter Miami Beach Hotels until the late 1940s. But by the 1950s they began to lay down roots in Miami Beach and to impact the economy, politics, and social flavor...
The Top 10 Tallest Buildings in Miami (You Can Live In)
Real Estate News The Top 10 Tallest Buildings in Miami (You Can Live In)
If you’ve been visiting Miami over the years, one thing you’ve probably noticed is the buildings keep getting taller, and the skyline keeps growing. Ever since the FAA relaxed its height restrictions more than six years ago, Miami’s skyline has continued to elevate itself with glimmering designs of glass and light. The tallest residential building in Miami as of this post is the apartment highrise Panorama Tower at 828 feet. But that won’t last for long. Every few months, a new condo tower is announced with ambitions of becoming one of Miami’s tallest buildings.  Call them #supertowers, #supertalls, or #skyscrapers, they’re definitely building the city’s skyline, reputation, and luxury living to new heights. So, who can claim the title of Miami’s tallest building you can call home? Check out our list below of the top 10 Tallest Condo Buildings in Miami – present and under construction – if you like to live above it all. Elysee Miami | Edgewater Height: 649 feetFloors: 57Developed...
Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know
Transportation Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded Brickell Avenue bridge, a drawbridge that opens every hour or half-hour during non-curfew hours to allow river and traffic and boats to pass under.  * This article was updated on June 7, 2021 So what’s the problem? A big one! When the bridge opens, it ends up turning the city into a parking lot. With the last two building booms, there’s been a sudden surge in Downtown population since 2010 that has not stopped, and hence, denser traffic. And with Brickell now one of Miami’s hottest neighborhoods, serving as Miami’s vital financial hub, dense residential condo neighborhood and go-to place for nightlife, travel to and from Brickell and Downtown Miami is unavoidable.  This is why almost every second year, the FDOT faces requests to place restrictions on opening the bridge for maritime traffic during rush hour or extending curfew hours. However, listen to the marine...
June Events 2021: Father’s Day and More Summer Fun in Fort Lauderdale
Events June Events 2021: Father’s Day and More Summer Fun in Fort Lauderdale
Summer in Fort Lauderdale is the best time for a beach swim, day on the boat, brunch with friends, and to beat the summer heat. With over 20 June events in Fort Lauderdale to choose from, our curated list offers the best variety of things to do this month. Choose from a musical comedy, a scavenger hunt, concerts, a food and spirits festival on the beach, a dance showcase, tons of summer camps, and virtual programs you can enjoy right at home in the A/C! Also, since Father’s Day is June 20th, we’ve provided a list of things to do to honor Dad. Read on for some of the best picks for Father’s Day celebrations and events to make summer fun in Fort Lauderdale: Things to Do in Fort Lauderdale - June Events at a Glance Father’s Day 2021 Celebrations in Fort Lauderdale June 2021: Fort Lauderdale In-person Events Bonnet House Museum & Gardens Family Summer Specials: June 1 to September 5 Erotica - Exhibit: June 1 to July 2 Paranormal Boot Camp: June 4 Mel Schwartz Sleeps With Mae West...
Fort Lauderdale’s New and Pre-Construction Condo Update: May 2021
Real Estate News Fort Lauderdale’s New and Pre-Construction Condo Update: May 2021
The South Florida real estate market is experiencing an unprecedented buying boom fueled by the normalization of work-from-home practices, the idea of a better quality of life near the ocean and as scores of new businesses are relocating here. And developers across Fort Lauderdale and Miami are responding. As inventory has steadily dropped for the last two quarters, pre-construction projects are the next product to see a surge in demand and developers are responding by stepping up progress. This May, developers at Fort Lauderdale’s Harbors Edge reported a 70% sell-out in just 2 months after launching sales. Related Group’s Solemar is speeding through for a 2021 delivery. And, there’s speculation of a condo property changing hands. Read on for details on these Fort Lauderdale projects and more in our May 2021 condo pre-construction market roundup: Fort Lauderdale New Construction Projects that Broke Ground Solemar – Pompano Beach Developer Related Group broke ground on its luxury...
Miami’s New and Pre-Construction Condo Update: May 2021
Real Estate News Miami’s New and Pre-Construction Condo Update: May 2021
It’s no secret Miami’s real estate market is super hot and seeing a boom precipitated by the growing number of tech, finance, retail, and hospitality businesses that continue to choose to make South Florida home. As a nod to this surge in demand, we have condo developers either reviving old projects, announcing new ones, or revving up progress on current developments. This May, Miami’s pre-construction condo market saw three development projects make a comeback – Genting’s Resorts World Miami, Kar Properties’ One River Point, and Mast Capital’s 4000 Alton Road. Even the once-scrapped Auberge Residences by Related are rumored to be coming back.  The list of new construction developments now includes Aria Group’s 501 First in Downtown and Eichner’s Bay Harbour Islands luxury condos. Additionally, the Estates at Acqualina’s second tower topped off and Missoni Baia is just weeks from its top-off milestone. Read on for details on these and other updates in our May 2021 condo...