Miami New- and Pre-Construction Condo Update: April 2017

Miami New- and Pre-Construction Condo Update: April 2017

May 29, 2017 May 29, 2017

For this month’s pre-construction market roundup, we have Biscayne Beach ready to welcome residents, a boutique condo proposed for South Beach, a lawsuit on sloppy documents/buyer's remorse (you decide), and two approvals.

Have a look below for details on Miami’s new and pre-construction condo market happenings this April:
 
Now Open

Biscayne BeachEdgewater

After topping off in May last year, the 391-unit Biscayne Beach is now ready to allow residents to move in. The GTIS Partners and Eastview Development venture obtained its Temporary Certificate of Occupancy this April. To mark this, the decorative feature atop the 585-foot tower has been lighting up in multiple colors, visible from miles away.
The 51-story, waterfront condo building offers residents a beach club pool, bar, cabanas and lounge area, water sports equipment storage, swimming pier and dock, beach volleyball court, lobby-level art gallery, two tennis courts, entertainment ‘great room’, an on-premise high-end restaurant and much more.
99% sold out as of September, 2016 – Prices ranged from $446,900 to $2.05 million with a choice of one-to-three bedrooms + den and penthouses

Biscayne Beach Pool Edgewater
Photograph: Biscayne Beach Pool
 

Vertical Construction

L’AtelierNorth Beach

Construction of the oceanfront, 23-unit L’Atelier is moving full steam ahead. With its fourth floor poured out, the construction of this boutique condo building has now gone vertical. Top off is anticipated for fall 2017, while developers SMG Management and W Capital Group are targeting a 2018 completion.
This luxury condo mid-rise features amenities designed by luxury home furnishing entrepreneur Holly Hunt and Enzo Enea, an oceanfront infinity-edge pool, a private beach area, upper deck lap pool, poolside cabanas, pool and beach attendants, pool bar, BBQ area, hammock garden and more.
Limited residences available starting $3.5 million

L'atelier North Beach
Photograph: L'atelier - Exterior rendering

L'atelier North Beach
Photograph: L'atelier - Interior rendering
 

Planned Projects

Boutique Condo – South Beach

A vacant lot fronting West Avenue has been bought by an entity linked to Boca Raton-based Redcliff Builders’ Spencer Blank as well as Belgium-based investors Axel Knauf and Bernard Petit. The buyers now hope to build a modern condo with 14 units. While the exterior remains the same as the lot’s previous owner envisioned it, the interiors have changed. The boutique building will have one to three bedroom units, cantilevered balconies, and a rooftop deck. An application will be submitted soon to the Miami Beach Design Review Board.

Casa Luna South Beach 1414 West
Photograph: Rendering of planned project
 

Approvals

YotelPad Condo-HotelDowntown

Kuwaiti company AQARAT and Miami’s Aria Development are planning a Yotel Hotel for Downtown Miami. The Urban Design Review Board has approved massive parking reductions for the multi-use development. The on-site parking has been reduced by 30% and setbacks around the building have been shrunk as well. Located close to a Metromover Station, once developed, the 45-story tower will feature 263 cabins (minimalist hotel rooms), restaurants, retail and condos on the upper floors.

Yotel Condo Hotel Downtown
Photograph: Rendering of Yotel Condo-Hotel at Downtown Miami

18-story Condo – North Beach

China City Construction won approval on two variances of its 18-story condo tower from the Miami Beach Historic Preservation Board. The oceanfront development will feature 42 residences and 87 parking spaces. The two variances include the .98-acre development to reduce the width of interior driveways by one foot and to build a seven-foot-tall fence along its oceanfront portion. The ultra-luxury project will be designed by Arquitectonica and feature ground floor plus 4th floor amenity decks.

China City – North Beach
Photograph: Rendering of planned project
 

Other Updates

6080 Collins Avenue Beach House – Mid-Beach

There’s been a change of sales team for the 6080 Collins Avenue Beach House by Urbis Real Estate and Domus Group. Compass is in as the new sales team, replacing Douglas Elliman. Sales for the 70-unit condo-hotel were launched in June 2015. Presales stand at 60% with buyers from Europe, New York and South America. Residents will get access to fully furnished units with beach service, a rooftop pool, gym, 1,200 sq. ft. ground floor retail, concierge, valet and custom art in the lobby.
Prices range from $300,000 for a studio to over $500,000 for a one-bedroom

6080 Collins Avenue Beach House – Mid-Beach
Photograph: Rendering of 6080 Collins Avenue Beach House

Auberge Residences & SpaArts and Entertainment District

The Related Group has officially shut down its 1400-unit Auberge project by returning buyers’ deposits. The sales center had already closed down in December and construction had been put on hold since August 2016. The project was cancelled due to a cooling preconstruction market, as sales stood at a mere 15% even in the second quarter of 2016.

Auberge Residences
Photograph: Rendering of Auberge Residences & Spa
 

Issues & Lawsuits

1010 BrickellBrickell

Buyers sue for deposit return

After putting down $650,000 on three condos as a 50% deposit, Victor Mijares and Caterina Angilello are experiencing buyers’ remorse. According to the three lawsuits filed in a Miami-Dade Circuit Court, the buyers have claimed that the developers made fundamental changes to the building’s design and failed to provide condo documents related to its association’s bylaws and maintenance. The claimants have accused 1010 Brickel Holdings of violating Florida’s Deceptive and Unfair Trade Practices Act and the Interstate Land Sales Full Disclosure Act.
1010 Brickell is a 50-floor, 387-unit luxury development by Key International and 13th Floor Investments. Read more about the lawsuit, here.

1010 Brickell Pool
Photograph: Rendering of 1010 Brickell
 
The CrimsonEdgewater

Unfinished Crimson’s architectural firm sued

The McKafka Development Group has sued Aventura-based architectural firm I.D.E.A for breach of contract and negligence leading to delayed construction. The 90-unit Crimson stands unfinished today, and according to McKafka it’s because I.D.E.A. failed to respond timely on requests for information, couldn’t coordinate with Facchina (the general contractor), prepared incomplete or inconsistent drawings and specifications, and generally failed in its responsibility to stay consistent with the design schedule. Find more details, here.

The Crimson
Photograph: Rendering of The Crimson

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

The Most Luxurious Condo Buildings in Venetian Islands
Real Estate News The Most Luxurious Condo Buildings in Venetian Islands
Miami Beach’s Venetian Islands are a coveted set of isles, tucked away on the east side of Biscayne Bay, that connect South Beach to mainland Miami in Edgewater via the Venetian Causeway. And while most of the Venetian Island’s condo buildings are older, they are going through beautiful restorations of exteriors, amenities, and interiors. So if you’re interested in buying in the Venetian Islands and its tucked-away community, and want to know the top-of-the-line luxury Venetian Islands condos for sale, then this is the condo-buying list for you.  Here, we’ve ranked the top 5 most luxurious condo buildings in Miami Beach’s Venetian Islands, which also happen to be the most expensive buildings of this super desirable neighborhood. Read on to find out what kind of amenities these top-class residences provide, what you can expect living here, and which building made it to number one on our list. — Why Choose the Venetian Islands? This island retreat is a little-known address in Miami...
Video: Best Pre-Construction Condos with Private Marinas and Boat Slips
Real Estate News Video: Best Pre-Construction Condos with Private Marinas and Boat Slips
Are you a boater looking for a new Miami condo where you can dock your vessel right outside your door? In our latest video, Sep Niakan, founding broker of Blackbook Properties and veteran Miami real estate agent, presents the best pre-construction condos with private marinas or boat slips that stretch all the way from Coconut Grove, passing through Brickell, up to Bay Harbor Islands and North Bay Village. Take a look at these luxurious new constructions to find the one that best suits your lifestyle!       Undoubtedly, one of the many privileges of living in the Magic City is our closeness to the water. Whether it is Biscayne Bay, the Atlantic Ocean or the Intracoastal, South Florida residents know a thing or two about that sailing and boating lifestyle, and developers are taking note. That is why some of the best pre-construction projects available feature the incredible advantage of having your vessel right at your doorstep. Some of these new construction projects...
Is Buying a Condo in Miami a Good Investment?
Real Estate News Is Buying a Condo in Miami a Good Investment?
Miami is a prime living destination with stunning year-round weather and no state income tax. But is buying a condo in Miami a good investment? The resounding answer is yes! Whether you use it as a primary residence, a second home, or vacation home, or purely as an investment property similar to a business, investing in a Miami condo can be a lucrative opportunity. Table of Contents Miami, the Top Choice Discover the Benefits of Investing in Miami Condos Best Places to Buy a Condo in Miami Considerations for Investing in a Miami Condo So, Is Buying a Condo in Miami a Good Investment? Frequently Asked Questions Let’s present you with some hard facts and figures on why a Miami condo might be your best bet in today’s market. — Miami, the Top Choice Brickell Key - Brickell Over the last few years, Miami has experienced a higher influx of residents than most major metropolitan areas in the United States, fueling housing demand. Last year, as many as 21,500 people...
All the Bay Harbor Islands Pre-construction Condo Projects You Need to Know About
Real Estate News All the Bay Harbor Islands Pre-construction Condo Projects You Need to Know About
The once sleepy bayfront town of Bay Harbor Islands, sandwiched between Miami Beach and mainland Miami, is undergoing a renaissance. This small neighborhood has recently come alive with a flurry of new construction activity, as old 1950s buildings, past their prime, are bought and cleared for new, boutique, waterfront condos. Clean, quiet, and pristine, this almost forgotten piece of Miami real estate had stood unnoticed for way too long, considering the building boom of the early 2000s skipped over this part of town. With new zoning rules in place and a prime waterfront location, Bay Harbor Islands’ pre-construction projects rival even those from South Beach, offering extra-large floor plans, the quiet luxury of boutique living, and private marinas with ocean access, often at better price points than Miami Beach. Given the recent surge in demand for luxury housing and scarcity of workable waterfront parcels, several big developers are drawn to the area, as South Florida becomes the...
June 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction June 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
South Florida’s pre-construction condo market was abuzz with activity this June. One Hollywood Residences launched sales after a design upgrade and rebranding. Lynd Living started taking reservations for the centrally located Aileron Residences in Dania Beach. And buyers can now tour the exquisite interiors and customizations available at Icon Beach’s new sales gallery. Also this month, the highly anticipated Entourage in the Sun broke ground in Pompano Beach, Selene Oceanfront topped off in Fort Lauderdale Beach, and more news in our complete June 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach. Read on below. Sales Launched One Hollywood Residences – Hollywood Taking Reservations Aileron Residences – Dania Beach New Sales Gallery Icon Beach Residences – Hollywood Beach Topped Off Selene Oceanfront – Fort Lauderdale Beach Broke Ground Entourage in the Sun – Pompano Beach Planned/Proposed Oculina – Riviera...
The 5 Most Luxurious Condo Buildings in Edgewater, Miami
Real Estate News The 5 Most Luxurious Condo Buildings in Edgewater, Miami
Surrounded by the eight-acre Margaret Pace Park, Edgewater is one of Miami’s favorite neighborhoods if you want to be close to everything, including the water. The previously low-key area has emerged as one of the most desired locations for luxurious, waterfront living in Miami, with some of the most elegant and sought-after new condo developments on Biscayne Bay. Now, to know which are the best condos in Edgewater, Miami, we are ranking the top five most luxurious buildings in this family-friendly neighborhood to give you an idea of the quality of life, level of design and construction, and price point you can expect if you’re looking at a tranquil, yet high-end, bayfront residence in Miami’s best kept secret neighborhood. First, let’s take a look at the neighborhood itself. This article was last updated on Jul. 17, 2024.   — Why Choose Edgewater, Miami? It is one of the hottest Miami neighborhoods right now for several reasons: It’s close to everything. Living in...