Starting the year with great news, both Smart Brickell II and Turnberry’s ONE Park Tower broke ground in January. Also, the Penthouse 1 at the recently launched Indian Creek Residences set a new price record in Bay Harbor Islands; the St. Regis Residences in Brickell unveiled its $45 million duplex penthouse with breathtaking views of Biscayne Bay; 93 Ocean changed hands from a Vivian Dimond-led entity to Multiplan REAM, and MG Developer plans to deliver 13 ultra-luxury townhomes in Coral Gables with The George. 

More on these and other exciting updates in our monthly Miami pre-construction condo market roundup for January 2024.

Broke Ground

• ONE Park Tower by Turnberry at SoLé Mia – North Miami
• Smart Brickell Tower II – Brickell

Planned/Proposed

• 93 Ocean – Surfside
• 27-story Condo-hotel – Edgewater
• White House Inn Redevelopment (previously Icon Residences) – North Miami
• Mixed-use Twin-towers by Lynd – Downtown Miami
• The George – Coral Gables
• Calle 8 – Brickell

Construction Updates

• The Standard Residences – Midtown Miami
• The Residences at 1428 Brickell – Brickell
• District 225 – Downtown Miami
• Legacy Hotel & Residences – Downtown Miami
• Waldorf Astoria Hotel and Residences – Downtown Miami
• Baccarat Residences (also 444 Brickell) – Brickell

Other Updates

• The St. Regis Residences – Brickell
• Vita Residences – Coconut Grove
• La Baia – Bay Harbor Islands
• Indian Creek Residences and Yacht Club – Bay Harbor Islands

Watchlist

• Mixed-use Project at Bal Harbour Shops – Bal Harbour
• Related to Buyout Miami Beach Club – Sunny Isles Beach
• Key Point Academy Relocates Ahead of Redevelopment – Brickell
• Court-appointed Receiver Takes Over Location Ventures

— Miami Pre-Construction Condos: Broke Ground

ONE Park Tower by Turnberry at SoLé Mia – North Miami

Groundbreaking – January 2024 | Completion – Summer 2026

Developers Carlos Rosso and Turnberry Development broke ground on SoLé Mia’s first condo building this January. With 50% pre-sold, the Arquitectonica-designed luxury tower will sit overlooking the one-of-its-kind, seven-acre Crystal Lagoon. This swimmable, crystal-clear lagoon will be the equivalent of 21 Olympic-sized pools.

ONE Park Tower by Turnberry will rise 33 stories with 299 bespoke residences. Reimagined for next-gen living, all residences at this waterfront tower will feature interiors by New York-based Meyer Davis Studio, oversized private wrap-around terraces, high ceilings, porcelain floors, oversized master bedrooms with soaking tubs, spacious walk-in closets, and plenty more.

The gated community will be home to 37 acres of active and passive green spaces, complete with eight miles of biking and running trails. There will also be private pools, pickleball courts, a state-of-the-art wellness center with spa and massage facilities, a dedicated children’s playroom, a library, a climate-controlled wine room, co-working facilities, and electric car charging stations.

The Lagoon Café and Turnberry's dedicated beach concierge will set the tone for resort-style living in this walkable area. Residents will also have access to a Matar Academy campus (K-5 school), a University of Miami outpatient health care center, and Reserve Padel Club as part of SoLé Mia’s 184-acre, master-planned community. 

Prices for remaining units start at $800,000, with a choice of one- to three-bedroom residences.

Smart Brickell Tower II – Brickell

Groundbreaking – January 2024 | Completion – Q4 2025

With Tower I complete and welcoming its first residents, developer Habitat Group broke ground on the second phase of its three-tower community with a $12.5 million construction loan. Smart Brickell Two will rise 22 stories with 50 condos and 50 hotel rooms. With interiors by Miami’s award-winning Arquitectonica, all residences in the condo-hotel will be delivered fully furnished and ready to host short-term rentals.

Designed by Gensler, Miami-based HAC Architects, and Urbanists, Smart Brickell Two will also be a LEED-certified tower. Owners at this Airbnb-approved condo-hotel will enjoy coming back to smart homes, complete with functional design and impeccable décor. Amenities will include about 5,000 square feet of ground-floor retail, a resort-style pool deck, a spa and fitness center, electric parking stations, and more.

Smart Brickell Luxe will be the third tower in the complex and was recently presented to Miami’s Urban Development Review Board for approval.

Call or email us directly for more details on prices and availability of any leaseback program.

— Miami Pre-Construction Condos: Planned/Proposed

93 Ocean – Surfside

With Brazilian billionaire Jose Isaac Peres and his firm Multiplan Real Estate Asset Management acquiring the beachfront parcel at 9309 and 9317 Collins Avenue, plans for 93 Ocean could soon be materialized. The veteran condo developer purchased the pre-approved property for $64 million from a Vivian Dimond-led entity this January.

Both Vivian Dimond and Multiplan had filed plans to co-develop 93 Ocean back in 2022. The Collins Avenue property is currently home to the 34-unit Regent Palace Condominium. Built in 1951, Regent’s condo association was terminated before closing with Multiplan. 

According to plans filed in 2022, 93 Ocean would be developed as a 12-story condo containing 27 extra-large units. Designed by Miami’s prolific Arquitectonica, the building would feature a resistance pool and a reflecting pond along a private path leading to the beach, a rooftop pool deck, a fitness center, a steam room, a sauna, a club room, and more.

Multiplan REAM plans to launch sales for 93 Ocean by the end of 2024. If you’d like to be among the first to know about this sale, email or call us to keep you updated.

27-story Condo-hotel – Edgewater

Submitted to the Miami Urban Development Review Board for review, developer Urban Network Capital Group has proposed building a 180-unit project on the northwest corner of Northeast 36th Street and Northeast 5th Avenue, just at the foot of the Julia Tuttle Causeway. Seeking approval on four waivers, the 1.5-acre Edgewater development will also feature 7,300 square feet of retail.

White House Inn Redevelopment (previously Icon Residences) – North Miami

Developer Related Group sold the former White House Inn site to a partnership between BH Group and Delray Beach-based Kolter Urban for $20 million this January. Listed in July 2023, the 1.1-acre, waterfront site at 2305 Northeast 123rd Street was approved to carry the then-named Icon Residences, a ten-story luxury condo featuring 53 extra-large units.

Designed by Arquitectonica, residences in the boutique building would average 3,400 square feet in size as per original plans. Boasting 500 linear feet of water frontage, right off the Broad Causeway, amenities previously announced for the waterfront project include a rooftop pool, spa, baywalk, and more.

Mixed-use Twin-towers by Lynd – Downtown Miami

Approved by the FAA for a height of 709 feet above sea level, an affiliate of Lynd further filed a construction permit for two new towers at the Miami Worldcenter. The property will be home to 190 lodging units on levels 11-20 and 504 condos in the south tower, while the north tower will have 513 rental units. Designed by Kobi Karp, the two towers will be perched at 941 N Miami Ave, just west of the pre-construction Legacy Hotel & Residences.

The George – Coral Gables

Groundbreaking – Q3 2024 | Completion – N/A

Closing on an $11.5 million loan for land acquisition this January, MG Developer cemented its plans to build an exclusive community of 13 ultra-luxury townhomes in Coral Gables. Designed by the world-renowned De La Guardia, The George will set a new standard for high living in the neighborhood. Located at 717 Valencia Avenue, the townhomes will be within walking distance of the Miracle Mile, Downtown Coral Gables, and the Biltmore Hotel.

Calle 8 – Brickell

Filing for a height increase to 65 stories (or 870 feet above sea level), up from the previously proposed 55 stories, and seeking a zoning review, G&G Business Developments presented updated plans for Calle 8 this January. Featuring a triangular, cutting-edge design by BMA Architects, the new plans also propose a lower density of 458 residential units, as opposed to 464 units.

Replacing a gas station in Brickell, the tower will rise at 190 Southwest 8th Street. Starting from level 12, units will range from studios to three-bedroom residences. The mixed-use development will sit two blocks from the Brickell City Center, conveniently close to the Brickell Metromover and Eighth Street Stations. 

G&G Business Development is still deciding whether to include a multi-level Concert Hall seating 4,060 or a 5-story retail complex at the base of the trapezoidal tower. Other amenities are expected to occupy levels 33, 35 (pool deck), 36, and 37, with about 12,260 square feet of coworking spaces perched on level 12. There will also be 660 parking spaces.

— Miami Pre-Construction Condos: Construction Updates

The Standard Residences – Midtown Miami

Groundbreaking – April 2023 | Completion – Late 2024

With 90% pre-sold, The Standard Residences is under construction after the developer trio Standard International, Rosso Development, and Midtown Development secured a master permit this January. Designed by Arquitectonica, the highly anticipated project will rise 12 stories with 228 luxury residences.

Echoing the ethos of its New York-based brand, The Standard will be a strictly residential project with no hotel on site. Featuring a flexible rental program, owners at The Standard Residences will be allowed to rent 12 times a year, with a minimum stay requirement of 30 days. They will also gain access to a “Friends with Benefits” program, affording them preferred pricing at all Standard properties across the globe. 

With interiors by Urban Robot Associates, each residence will feature custom finishes in the brand’s signature “anything but standard” fashion. Expect open floor plans, 9-foot-high ceilings, open-concept kitchens with top-of-the-line appliances, premium wood-inspired flooring throughout, custom bathrooms featuring coveted double vanities and dual shower heads, and more high-end touches.

Besides featuring 34,000 square feet of amenity space, The Standard will also be home to 11,000 square feet of retail (but no onsite parking). Highlight amenities will include a landscaped rooftop with a 60-foot resort-style sunset pool, outdoor rain showers, a signature rooftop restaurant and bar, a lobby-level outdoor café, an infrared sauna, an indoor pickleball court with disco lights, a karaoke bar, a private screening room, a state-of-the-art sweat floor, a work floor with co-working spaces, a pet spa, and much more.

Here, we deep dive into the first-ever The Standard Residences, if you want to learn more about the project. And if you’re interested in owning one, prices range from $500,000 to $1 million for remaining units.

The Residences at 1428 Brickell – Brickell

Groundbreaking – Q3 2023 | Completion – 2027

With demolition work underway and developer Ytech asking FAA for permission to install 1,000-foot cranes on site, the world’s first (partially) solar-powered residential high-rise is on track for a 2027 completion. Conceptualized by Cosentini Associates, its solar energy consultants, the supertall’s western façade or “solar backbone” will be capable of generating 170 megawatts of clean energy per year. With this, developers and future residents hope to reduce about 4,700 tons of CO2 emissions.

Designed by Italian starchitects Antonio Citterio & Patricia Viel (ACPV Architects) in association with the award-winning Arquitectonica, The Residences at 1428 Brickell will rise 70 stories with 189 ultra-luxury residences. Besides flaunting a flowing, nature-inspired design, the bayfront tower will come with earthy interiors by ACPV Architects. All residences in this LEED-certified tower will be plus-den. They will further feature expansive floor plans balanced for day- and night-time use as well as socially charged and private settings.

Amenities at this high-design tower will include a 7th-floor resort deck with two pools, aquatic therapy, a children’s splash pad, plus a club bar and lounge. There will also be a teen’s sports simulator, a children’s interactive playground and creativity room, a children’s learning center, a cinema room, 10,000 sq. ft. of dedicated gym and spa space, a wellness concierge, a golf simulator, a beauty suite, a barbershop, plus an outdoor sun terrace with yoga pavilion.

Additionally, residents will have access to a two-story owner’s club and rooftop observatory, a double-height wine and spirits lounge, a two-story atrium with lush planting, a rooftop lounge bar, plus a library lounge with tea, coffee, and champagne offerings.

Prices range from $2 million to $7 million, with a choice of 2- to 4-bedroom plus den residences, including a Penthouse Collection priced from $8 million to $60 million. Contact us for more information on the availability of remaining units.

District 225 – Downtown Miami

Groundbreaking – July 2022 | Completion – 2024 

Close to topping off, the fully sold-out District 225 is on track for a 2024 completion. Developed by the Related Group in partnership with ROVR Development, and BH Group, the flexible rental tower will provide its owners full support to host on platforms like Airbnb.

Designed by Sieger Suarez, the 37-story tower will rise with no car park onsite. Each of its 343 luxury residences will be delivered fully finished and furnished by Meshberg Design, in consultation with Airbnb, and will feature the latest in smart home tech. The flexible rental project will allow its owners to not only list their condos directly on Airbnb but also offer restriction-free stay times. Atlantic & Pacific will be managing the short-term rentals listed on Airbnb.

Amenities at District 225 will include an expansive resort-style rooftop pool deck with plunge swim-spa and a fire pit, a state-of-the-art fitness facility, basketball and racquetball courts, a rock-climbing wall, multi-purpose lounges, an on-site café, a virtual reality entertainment center, co-working spaces, museum-quality art, electric bike parking with charging stations, and access to the custom-developed ‘District’ app for smart-home management on the go.

Legacy Hotel & Residences – Downtown Miami

Groundbreaking – August 2021 | Completion – 2024

With its first glass installed, the neo-futuristic condo-hotel has passed a significant milestone and is closer to achieving its targeted delivery in 2024. Designed by Kobi Karp, the 55-story tower will rise with 310 luxury residences built for —the trademarked— microLUXE living, 210 Accor hotel rooms, a 10-story wellness retreat, and Downtown’s largest hotel pool deck (1-acre). Each fully furnished residence at this condo-hotel will feature interiors by ID & Design International.

Highlight amenities at the Legacy will include a Singapore-inspired cantilevered pool hanging 500 feet in the sky, America’s largest rooftop glass atrium with seven stories of palm trees, a members-only international business lounge, a signature international restaurant, a grand ballroom, a shul with kosher kitchen, multiple water features, a 9th-floor pool deck inclusive of an indoor lounge/breakfast area outlined by villas, plus a wide range of wellness facilities ranging from cryotherapy chambers to IV nutrition therapy, sports medicine, and supporting physical therapy.

Office spaces at Legacy will be located above the pool deck, followed by its hotel and condos.

Waldorf Astoria Hotel and Residences – Downtown Miami

Groundbreaking – October 2022 | Completion – 2026

Securing its phased vertical construction permit, Miami’s Waldorf Astoria can now rise out of the ground as scheduled. Developed by PMG and Greybrooks, the all-glass skyscraper will be one of the first supertalls to grace Miami’s skyline becoming one of the tallest buildings in Miami with a height of 1,049 feet. 

Designed by the world-famous Carlos Ott in association with Sieger Suarez, the 100-story skyscraper is conceptualized to look like nine glass cubes stacked one on top of another. The building will have a total of 306 condos and 205 hotel rooms, the latter located in its bottom three cubes and condos plus amenities in the upper six. The all-glass skyscraper will further feature interiors by San Francisco’s award-winning BAMO.

Residents at the Waldorf Astoria condo-hotel will enjoy coming home to fully finished units with gourmet kitchens, custom Italian cabinetry hand-picked by BAMO, a high-end appliance package, fully built-out closets, flooring selections recommended by BAMO, Savant premium smart-home tech systems with custom mobile app access, and much more.

Amenities at this ultra-luxury supertall include an immersive, resort-style pool with outdoor café and cabanas, Waldorf’s famous Peacock Alley lounge, a signature restaurant, an all-day dining brasserie, a fitness center with private training studios, a signature spa, a private wine-tasting room, an owner’s lounge with billiards, a kids’ club, preferred rates and access to the hotel’s services, and more.

Watch our exclusive video on the Waldorf Astoria Hotel and Residences to learn more, and if you’re interested in purchasing one of these units, contact us directly and we’ll gladly help you.

Prices start at $650,000 for Junior Suite Residences, $1 million for a 1-bedroom, $1.7 million for a 2-bedroom, $3,100,000 for a 3-bedroom, and $4,900,000 for a 4-bedroom residence.

Baccarat Residences (also 444 Brickell) – Brickell

Groundbreaking – October 2023 | Completion – Fall 2025 

With on-site archeological findings delaying construction for several months, the Baccarat Residences can finally rise out of the ground with Miami’s Building Department issuing a phased construction permit to the riverfront project. Designed by Arquitectonica, the 75-story Baccarat will feature 318 luxury residences, 28 waterfront flats and duplexes, plus a 10,000-square-foot restaurant. 

With a façade inspired by French crystals, the skyscraper will boast an undulating, highly reflective profile. Each of the luxury condos at the supertall will provide high-end interiors by Meyer Davis Studio, each embodying a unique blend of 18th-century Paris, 21st-century Miami, and 1930s Art Deco influences. Amenities at this waterfront tower will include a marina with yacht dockage, a luxury house yacht, plus a riverfront restaurant.

Other amenities will include a pool, a game room, a spa, a beauty salon and barber, a wine cellar, a children’s playroom, a club room, a grand salon for events, private workspaces, a business center, and more. All services and amenity spaces will be managed by Barry Sternlicht’s SH Hotels & Resorts.

Developed by Related Group, the Baccarat will be the first in a three-tower complex. Tower II will rise 897 feet as a rental building, and Tower III is planned to rise 82 stories with a 249-room five-star hotel plus 103 residential units. All in all, the riverfront complex will carry about 1,400 residences and 24,463 square feet of retail, in addition to the hotel. 

Prices range from around $1.1 million to $3.5 million per unit, with a choice of one- to four-bedroom residences. Penthouses will be upwards of $14 million.

— Miami Pre-Construction Condos: Other Updates

The St. Regis Residences – Brickell

Groundbreaking – Q4 2022 | Completion – Late 2026

With a price tag of $45 million, the first of two duplex penthouses at Brickell’s St. Regis Residences hit the market this January. The striking 5-bedroom/7-bath property features over 10,000 square feet of living space with a 2,842-square-foot indoor/outdoor private roof deck. In addition to a pool, spa, and summer kitchen, the roof deck offers outstanding city and bay views.

Brickell’s St. Regis Residences feature landmark architecture by New York’s award-winning Robert A. M. Stern Architects. Flaunting New York influences with a pronounced nautical dialogue inspired by the golden age of ocean liners, the 48-story tower will be a nod to modern classicism. Along with interiors by New York’s award-winning Rockwell Group, the tower will give its residents the most expansive water and city views possible from every unit.

The St. Regis Residences will feature 60,000 square feet of amenities, but no hotel or transient use will be permitted. Residents of this exclusive tower are able to profit from St. Regis’ 5-star services, including the iconic St. Regis Tea Room, Cognac Room, and signature butler service. Other notable amenities include a private marina, exclusive beach club access, an indoor lap pool, a spa, a beauty salon, curated wellness programming, park-like grounds by Enzo Enea, a teen video game lounge, a children’s entertainment room, a golf simulator, a pet spa, electric vehicle charging stations, a luxury house car, and much more.

Developed by Related Group and Integra Investments, this residence-only tower was recently revamped to feature only 152 extra-large units in a single tower, as opposed to the two-tower complex planned earlier.

Prices start at $1.5 million, with a choice of two- to six-bedroom residences. 

If you wish to see other options similar to this one, we recommend checking out our curated selection of some of the best Miami pre-construction penthouses.

Vita Residences – Coconut Grove

Groundbreaking – May 2023 | Completion – Late 2025

After breaking ground in May last year, developer CMC Group secured a $239 million construction loan to build Vita at Grove Isle. Designed by the world-renowned CallisonRTKL architecture group, the 6-story boutique building will be home to only 65 ultra-luxury residences and 14 penthouses on the splendid gated island off the coast from Coconut Grove. The project is 70% pre-sold.

Featuring redesigned interiors, Vita Residences will be the first condo project on Grove Isle in over a decade. With stunning interiors by Mexico’s Bernardi + Peschard, residents will come home to 8’ interior Italian doors, frameless glass balconies, 11-foot-plus ceilings, high-end chef’s kitchens, and artfully crafted custom bathrooms with natural stone, soaking tubs, and rain showers. Embracing the best of indoor-outdoor living, residents will enjoy 15-foot-deep balconies, 65 feet of linear bay frontage, and endless water views.

Amenities will include an 85-slip marina, a 40-foot Fjord houseboat, a water sports pavilion featuring paddle boards and kayaks, a private pool for residents, a spa, a 6,000-square-foot restaurant, curated art lobbies, a fully-attended bayfront pool with luxury cabanas, an outdoor children’s playground, an exclusive “Virtual Links” featuring HD golf simulator and bayfront putting green, on-site pet services and grooming, a business center, membership to the exclusive Grove Isle Club, and more.

Prices for remaining units start at $5.7 million to over $20 million for penthouses, with a choice of three- to seven-bedroom residences. Reach out via text, email, or phone for more information on available units.

La Baia – Bay Harbor Islands

Groundbreaking – Q1 2022 | Completion – November 2023

Developer Ian Bruce Eichner —the name behind the famous Continuum condos in South Beach —secured a $90 million construction loan to build his fully sold-out condo project La Baia South. The 8-story boutique condo development will have 68 luxury residences and will feature its own private, 20-boat marina and rise 80 yards from its sister pre-construction project, La Baia North.

Designed by Revuelta Architecture, La Baia will rise with a light, airy aesthetic owing to its all-glass façade. With high-end interiors curated by New York’s Durukan Design, each residence will be delivered completely finished. All units in the boutique building will have 9 to 10-foot-high ceilings, custom Italian cabinetry by Snaidero, Miele appliances, Hansgrohe fixtures, wide-plank European wood flooring, large walk-in closets, and private balconies with glass railings.

Flaunting over 30,000 square feet of resort-style amenities, there will be a rooftop pool with dedicated kids’ splash pad and sundeck, an outdoor bar, a ground-floor wood deck terrace with hammock coves, a meditation lawn, a residents’ club room, a pet grooming center, and much more. 

And although La Baia South is sold out, La Baia North is only 50% pre-sold after launching sales in 2022. This project will rise eight stories with 57 luxury residences along Bay Harbor Island’s tranquil waterfront with prices starting at $1.3 million, with a choice of two- to four-bedroom residences.

Indian Creek Residences and Yacht Club – Bay Harbor Islands

Going into contract before being publicly listed, Penthouse 1 at the Indian Creek Residences and Yacht Club has set a new precedent in the serene island neighborhood. With an asking price of $12 million, the full-floor home has set a new sales price and price per square foot record in Bay Harbor Islands, where the most expensive unit last sold for $3.325 million in 2014.

With views of Miami’s neighborhood commonly referred to as Billionaire's Bunker, which is home to the likes of Jeff Bezos and Ivanka Trump, the full-floor penthouse features private terraces, a wine wall, and 75 feet of direct water views.

Developed by Landau Properties, the ultra-exclusive Indian Creek Residences and Yacht Club will rise only eight stories with nine luxury condos and six yacht slips. Designed by Kobi Karp Architecture, the mid-rise will embody the MiMo (Miami Modern) aesthetic, complete with curving lines, sculptural details, and rich materials. 

The limited collection of residences will have interiors by Boston-based Zarifi Design, which will range from about 3,300 square feet to over 5,600 square feet, with awe-inspiring views and best-in-class finishes. The world-renowned Enzo Enea will handle landscape design at this highly anticipated new construction.

Rising against a quiet waterfront at 9110 West Bay Harbor Drive, the boutique Indian Creek Residences will feature a residents-only, Ocean Cons.-designed yacht club and private marina, with six slips (one shared and five for sale). Other Amenities will include a rooftop pool terrace, a world-class spa with dedicated treatment rooms, an outdoor waterfront lounge with a hot tub, an outdoor yoga lawn, a flexible creative space with a custom wet bar, an entertainment lounge, an outdoor screening pavilion with lounge seating, a coffee bar, and more.

Prices start at $5.6 million, with a choice of three- to five-bedroom residences.

— Miami Pre-Construction Condos: Watchlist

Mixed-use Project at Bal Harbour Shops – Bal Harbour

Whitman Family Development’s proposal to add a mixed-use development to the 18-acre luxury shopping mall has been met with mixed emotions. The owner-developer plans to build a 70-room upscale hotel, a 600-unit high-end residential tower (of which 40% would be workforce housing and 60% would be luxury housing), and 45,700 square feet of additional retail space at the premier shopping destination.

After the mayor of Bal Harbour expressed concerns about the appropriateness of constructing a project of this scale on the barrier island, the owner-developer responded by suing the village of Bal Harbour to process the redevelopment application under the new Live Local Act.

Related to Buyout Miami Beach Club – Sunny Isles Beach

Closer to buying out the 107-unit Miami Beach Club at 19051 Collins Ave., Related Group plans to build a luxury condo tower to replace the dated building. Located next door to Related’s Residences by Armani Casa, the Miami Beach Club is an H-shaped, oceanfront, two-story condo building built in 1951. Related is looking to close on a bulk buyout of the building for $145 million. The storied Miami developer will need to acquire a majority of the units to be able to terminate its condo association and go ahead with redevelopment plans.

Key Point Academy Relocates Ahead of Redevelopment – Brickell

With the First Miami Presbyterian Church site listed for sale, Key Point Christian Academy signed a lease this January to temporarily relocate to the 1501 Omni Building in Miami’s Edgewater. Developers 13th Floor Investments and Key International are looking to close on the 75-year-old church property at 609 Brickell Ave., for about $240 million. Both developers plan to build a condo on the 2.2-acre site.

The 1501 Omni Building, Key Point’s future home, was once known as the Omni Mall and has been part of Genting’s Resorts World Miami portfolio since 2011. Had the state approved gambling, the ambitious project would have become a destination casino resort.

Court-appointed Receiver Takes Over Location Ventures

In another turn of events in the Rishi Kapoor-Location Ventures saga, the court-appointed Bernice Lee as the official receiver to look into the alleged misappropriation of investor funds. Lee will be managing Location Ventures as well as Urbin, its co-living and co-working-focused entity.

Rishi Kapoor, CEO and the main accused, seems to have welcomed the court’s decision to appoint a receiver to look into the misappropriation of $93 million and if anything could be recovered. Meanwhile, the future of development projects such as Urbin Miami Beach and Urbin Coconut Grove remains uncertain.

These were all the Miami pre-construction condo news we had for January. Do you like a new construction condo project you see? Call, chat, or e-mail us directly to purchase your next home or investment condo anywhere in Miami and the surrounding areas through to Fort Lauderdale. We can also advise you on the lowest property tax rates in Miami.

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