Edgewater Hotel, Retail and Restaurant on the Way

Edgewater Hotel, Retail and Restaurant on the Way

Dec 09, 2020 December 09, 2020

Miami’s Edgewater neighborhood is known for its relaxed, waterfront family lifestyle. After news that the neighborhood is getting its biggest supermarket yet, and more luxury making its way in with Nema-branded apartments, plans are being made to build a mixed-use hotel by Urbanica, featuring retail and restaurant space.

The hotel group recently purchased two lots at 237 and 229 Northeast 32nd Street for $3.3 million, and now Urbanica Management owns a total assemblage worth $8.5 million. It had previously acquired 3200 Biscayne Boulevard in 2018 for $5.2 million. With the parcel now complete, developers are aiming for an early 2021 groundbreaking on the mixed-use hotel project.


Introducing Urbanica Edgewater

Led by the duo of Charlie Porchetto and Diego Colmenero, Urbanica plans on bringing a 12-story, mixed-use hotel to the northern tip of Edgewater. The hotel will sit across the street from Crescent Heights’ proposed Nema luxury rental apartments, and be a short walk from The Shops at Midtown Miami plus the recently delivered Paraiso District condo complex.

Charlie Porchetto and Diego Colmenero, Urbanica
The 220-key hotel is expected to feature a rooftop pool and gym, a game room, a 4000-square-foot Japanese restaurant, 5,000 square feet of ground-level retail, meeting spaces, and two floors of parking with 150 spaces. The project should bring new life and vivacity to the northern edge of Edgewater, especially benefitting the residents of the nearby 
Bay Park TowersBiscayne BeachPlatinumThe YorkerEmilia, and Moon Bay with retail and entertainment options.


Urbanica’s Miami Footprint

Urbanica has been building its Miami footprint starting with investments in boutique hotels in South Beach, including The Meridian and Euclid Hotels and rounded off with the under-construction Fifth Hotel. All three happen to be within blocks of each other.

After South Beach, the development firm headed north, scoring approval for Urbanica The Beach this June. This North Beach boutique hotel property will be built on a 20,812 square foot lot and feature design elements compatible with its surrounding properties.

For their Edgewater hotel, Urbanica Management is looking at an early 2021 groundbreaking, with completion expected within 18 months for an end-of-2022 delivery.

418 Meridian Ave Miami Beach, FL, USA

418 Meridian Ave Miami Beach, FL, USA

426 Euclid Ave Miami Beach, FL, USA

426 Euclid Ave Miami Beach, FL, USA



If you want more information about buying, selling or renting in the quickly developing Edgewater neighborhood, or any other Miami neighborhood, call or email us and let a local expert help you with your home of real estate investment search. Or read more about why Edgewater is so popular
here.

Contact CondoBlackBook Team
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Mortgage Pre-Approval Process FAQs: Everything You Need to Know
Opinions and Advice Mortgage Pre-Approval Process FAQs: Everything You Need to Know
Looking for a new home or condo always has an element of excitement to it. But many people often feel apprehensive when it comes to how they will finance it and the entire process of being approved for a mortgage, especially if you are a first-time homebuyer. So, what is a mortgage pre-approval? How do you get a letter of pre-approval? How long will it stay valid? We’ve put together a list of frequently asked questions about the mortgage pre-approval process to help you get the house you love and approved for your mortgage. Read on to find out answers to these and more ‘frequently asked questions’ along with key insights into the pre-approval process. What does it mean to get a Mortgage Pre-Approval or to be Pre-approved? Being pre-approved or having a mortgage pre-approval letter means you have written proof from a lender that they have reviewed your finances, buying power and credit-worthiness, and are willing to work with you to finance your next home purchase. Simply put, it...
The Top 10 Luxury Condo Sales in Miami for 2020 (mainland)
Real Estate News The Top 10 Luxury Condo Sales in Miami for 2020 (mainland)
Living in any urban core comes with an undeniable set of perks, especially in a city like Miami. In mainland Miami, you’re not only close to all the financial action, but also close to all the arts, culture, shopping, dining, and entertainment options that a global city has to offer, and all set in a waterfront city. Couple that with a condo residence that comes loaded with designer interiors, extravagant floor plans, breathtaking views and some of the finest amenities in the northern hemisphere, and you have everything you need to live the good life. So, how much does buying a key to the good life cost these days? We’ve rounded up the most expensive condo sales in Miami in 2020 to give you a peek at what luxuries accompany these high-profile residences. These chart-topping luxury condos range from penthouses on the beach to multiple units in Zaha Hadid’s last architectural masterpiece. In fact, the most expensive luxury condo of 2020 was bought by one of the most famous power...
The 5 Must-Visit Miami Farmers' Markets
Lifestyle The 5 Must-Visit Miami Farmers' Markets
Everything about visiting a Farmer's Market is rewarding. Where else can you find perfectly fresh produce and have a chat with the very minds that grew it? Visiting a farmers market is even more than just buying directly from the source. Live music, pop-up food stands with delicious bites, and cooking demonstrations are just a few of the brilliant things that you can find at farmers' markets in Miami. In essence, farmers' markets are a blend of cultures and ideas that attract all walks of life and lend to the lifestyle everyone loves about living in Miami. The fresh (and tasty) produce you can take home is the perfect bonus! Vizcaya Village, Coconut Grove, Sundays Ph. miamiandbeaches.com  The Vizcaya Farmers Market runs every Sunday from 9:00 to 2:00. The event is located just across the street to the Vizcaya House entry and is free to attend. Not only is the Vizcaya market in a beautiful location, it is also ripe with history with buildings dating back to 1914. There are around 20...
2020’s Top Luxury Condo Sales of Miami Beach
Real Estate News 2020’s Top Luxury Condo Sales of Miami Beach
An oceanfront residence in Miami Beach has long been the pinnacle of luxury living. In 2020, we saw many buying into that vision. In fact, several record sales were made last year in Miami Beach. It’s no wonder this list of the 10 most expensive condo sales of 2020 in Miami Beach is filled with luxury residences sitting directly on the water that capture the peacefulness, serenity and nature-filled ideal of an oceanfront lifestyle From a penthouse once owned by Oprah Winfrey to the largest condo residence in Fisher Island, some of the most impressive residences in Miami Beach are part of this top-of-the-charts list. And in a new trend highlighting Miami Beach’s northern neighborhoods, the most expensive luxury condo that sold for $37 million, is two-story penthouse part of a new construction in the quieter and more relaxed North Beach. Read on for details on the rest of the most expensive luxury condos sales of Miami Beach in 2020:   Unit N-821 at Surf Club Four Seasons - $12.65...
The Most Luxurious Condo Buildings in Mid-Beach (Miami Beach)
Opinions and Advice The Most Luxurious Condo Buildings in Mid-Beach (Miami Beach)
Mid-Beach might be known as the quieter counterpart to South Beach, which affords it a more laid-back, residential lifestyle. The upscale neighborhood comes with its own unique flavor of arts, performances, entertainment, and architecture. Especially after the introduction of the Faena District, there has been a flurry of activity in this desirable Miami Beach neighborhood that’s anchored by Art Deco and MiMo-style hotels and buildings lining our sugar-sand beaches. This flurry has further attracted an influx of starchitects and big-budget developers to build more modern, luxurious structures to please its ever-growing community of global citizens. So, what constitutes luxury living in Mid-Beach? Here’s looking at the top 5 most luxurious condo buildings of the Miami Beach neighborhood and all they have to offer: Why Choose Mid-Beach? Mid-Beach offers all the perks of living in Miami Beach, with the added advantage of being tucked away from the much busier South Beach. With more...
Power Moves: Big Business Finally Moving to Miami, South Florida
Business Power Moves: Big Business Finally Moving to Miami, South Florida
They say “build it and they will come.” Well, it’s been long in the building, but Miami’s business boom is taking shape. 2020 was an important and remarkable year for obvious reasons. We have seen unexpected market shifts making the luxury markets for both single-family homes and condos very desirable. Additionally, Miami’s business landscape has seen a massive migration.  In what can be viewed as a rather recent acceleration, businesses of all shapes and sizes - ranging from established investment firms to tech start-ups and restaurant concepts - have lined up to either expand or completely relocate to the Magic City, particularly from major business hubs like New York City and the West Coast of California, including Los Angeles and the Bay Area. In fact, South Florida ranks in the top 2 states attracting businesses in 2020, leaving behind the likes of California and New York according to this recent Census. It’s not just the businesses, top-tier talent is moving too! Major...