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
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Related Group Proposes Waterfront Icon Residences in North Miami’s Keystone Point
Preconstruction Related Group Proposes Waterfront Icon Residences in North Miami’s Keystone Point
If the Related Group has its way, North Miami could be looking at its next wave of luxury residential development. Planning to perch the sleek, 15-story Icon Residences on the causeway heading to Bay Harbor Islands at 123rd Street, the brand-new condo building will likely set the precedent for luxury high-rises in the area. Purchased in November 2021 for $11 million, in partnership with Israeli billionaire Teddy Sagi, the bayfront site is currently home to the shuttered-down White House Inn hotel. The vacant, 2-story inn was built in 1969 and has been closed and fenced down since 2014. Playing to a tough crowd, the Related Group will need approval from four out of five council members to go ahead with its plans. Vacant White House Inn hotel Related’s Icon-ic Residences In full Related Group flair, Icon Residences is proposed to be a $150 million, waterfront condo project. Designed by Arquitectonica, the 15-story tower would feature 54 impeccable, oversized condo residences averaging...
Things to Do in Fort Lauderdale - July Events at a Glance
Lifestyle Things to Do in Fort Lauderdale - July Events at a Glance
Summer is in full swing in Fort Lauderdale! With a spectacular mix of art events, music concerts, and Fourth of July festivities, we’ve got the perfect mix of events for you and your family! First off, check out these great picks for a fun Fourth of July weekend. Then explore multiple art exhibits, including Load We Carry by Megan Hildebrandt, Tranquil Tropics by Tim Forman, Our Canopy by Jen Clay, and Flotsam Fauna at the Flamingo Gardens. Rolling Loud is coming to town with Ye, Future, and Kendrick Lamar for headliners. There are plenty of pet-friendly evenings to choose from and events to find your furever friend!  Read below for these and more in our complete list of Things to Do in Fort Lauderdale for July 2022:  Things to Do in Fort Lauderdale - July Events at a Glance Special: Fourth of July 2022 Events July 2022: Fort Lauderdale Events Performances at the Hard Rock: Throughout July Artist Talk with Megan Hildebrandt: July 1 Conscious Gardening and Permaculture for Your...
How to Spend the 4th of July in Miami & More Summer Events 2022 - Miami Swim Week, Rolling Loud Miami, Swedish House Mafia, Ballet Festival
Lifestyle How to Spend the 4th of July in Miami & More Summer Events 2022 - Miami Swim Week, Rolling Loud Miami, Swedish House Mafia, Ballet Festival
Summer is hot in Miami and so are the events. We’ve got all you need to celebrate July with a bang! With an overflowing events calendar this summer, you’ll be spoilt for choice. Continuing with Miami Hotel discounts and topping those with Miami Spa special savings, you won’t be able to resist a weekend or two for self-care. Music lovers of every sort are in for a treat as the Rolling Loud Fest, Miami Salsa Festival, MB Classical Music Fest, Seaside Summer Fest, and Swedish House Mafia hit the stage in Miami. There are also plenty of summer camps and activities to keep the kiddos blissfully busy. Not to forget, the Fourth of July is right around the corner and Miami’s night sky is going to be lit with fireworks and the sweet smell of all-American barbecues. Check out our special curation of Independence Day events to make the holiday even more spectacular. And, read more below for a complete list of Top Things to Do in Miami this July 2022: Things to Do in Miami - July Events at a...
The 5 Most Luxurious Condo Buildings in Downtown Miami
Real Estate News The 5 Most Luxurious Condo Buildings in Downtown Miami
Downtown is, and continues to evolve as, one of Miami’s top neighborhoods, especially because of its central location to all that Miami has to offer, its views of Biscayne Bay, and its major public transportation hubs. In recent months, developers have been delivering world-class projects with unmatched luxuries in this urban core.  Today, a host of ultra-luxury buildings call Downtown Miami home, and we’ve listed the 5 Most Luxurious Condo Buildings in the neighborhood that set the bar for top-notch living. We’ve also included a few bonus pre-construction condo buildings that will provide even more luxurious lifestyle options for you to choose from if you’re looking to move to Miami or invest in this international city. Last updated on June 23, 2022 Why Choose Downtown Miami? Downtown is home to some of Miami’s best art, culture, shopping, entertainment, and social hotspots. It not only ties for #1 on our 11 Most Walkable Neighborhoods in Miami report, but is also the best...
Video: Agent Faves - Our 3 Favorite Condo Buildings in Sunny Isles Beach, Miami
Video Blog Video: Agent Faves - Our 3 Favorite Condo Buildings in Sunny Isles Beach, Miami
Close enough to all the action in Aventura and Miami Beach, yet far enough removed from touristy chaos, Sunny Isles Beach has turned into a darling for luxury developers in recent years. This upscale seaside community is home to an enviable collection of luxury-branded, high-rise condo towers, such as the Porsche Design Tower, Estates at Acqualina, Mansions at Acqualina, Turnberry Ocean Club, Muse, Jade Signature, and each one more luxurious and beautiful than the next. But we have a few that top our list of favorites. Check out Blackbook Properties’ Condo Specialist and licensed agent Vera Berezhnaya talk about her top 3 favorite luxury condo buildings in Sunny Isles Beach: Residences by Armani/Casa What we love about this building? Every unit in this oceanfront high-rise features a summer kitchen.  Milan couture meets Miami charm in this 66-story ultra-luxury high-rise. Besides affording private beach access, this 649-foot glass tower features 308 designer condos with interiors...
The Top 10 Miami-Area Beachfront Condos in Preconstruction Right Now!
Real Estate News The Top 10 Miami-Area Beachfront Condos in Preconstruction Right Now!
What’s more popular than Miami and South Florida’s sensational beaches these days? It’s our upcoming beachfront properties that are topping wishlists across the globe – luxury created for buyers from New York to New Zealand!  Regardless of whether you’re looking to move to the beachside for dazzling morning-to-night water views, instant access to a yachting lifestyle, or simply for bragging rights – an oceanside home in South Florida tops the wishlist for many - there are several upmarket projects on the horizon that offer you an oceanfront address. With developers eager to stay relevant in Miami and South Florida’s growing condo market, there are plenty of luxury, oceanfront condo preconstruction projects in the pipeline. Here’s our list of the Top 10 Upcoming Luxury Beachfront Condo Projects in Miami and Pompano Beach: Miami and South Florida’s Beachfront Condo Preconstruction projects at a glance: The Perigon - Mid-Beach Bentley Residences - Sunny Isles Beach St. Regis Residences...