Miami’s New and Pre-Construction Condo Update: August 2018

Miami’s New and Pre-Construction Condo Update: August 2018

Sep 19, 2018 September 19, 2018

Cover photo by: Edin Chavez © All Rights Reserved

The iconic Armani/Casa and Paramount Miami Worldcenter topped off this August. Miami’s Riverside could gain two new 50-60 story towers. Alton Road is set to gain a taller, 44-story condo building, but will it wall-in West Avenue? Read on for details on these and more condo pre-construction updates below:

Closings Underway

One Paraiso Edgewater

One Paraiso - Edgewater, Miami FL

After nailing its completion milestone last month, One Paraiso started with closings in August. The 276-luxury-condo tower is the third to begin closings in the Paraiso complex. Once settled in, residents will have access to its Michael Schwartz-helmed eatery, three pools, outdoor patio and marina, beach club, two-story gym and spa with juice bar, among other amenities.

Prices range between $600 per sq. ft. and $700 per sq. ft., with a choice of one- to three-bedroom units and penthouses

Complete

The Harbour North Miami Beach

The Harbour - North Miami Beach

The nearly complete Harbour features 330 luxury condos spread across two 25-story towers. The waterfront twin-towers aim to begin closings later this year. High-end amenities include an indoor-outdoor lobby with pool and Bay views, private marina with boat slips, full-service private beach club, private aqua club with variety of water sports, aromatherapy trail, outdoor Vita course, indoor-outdoor spa, dog park, waterfront restaurant and more.

Prices for remaining units range from $552,000 to $1.2 million, with a choice of 1,032 sq. ft. to 2,442 sq. ft. residences

Top Off

Residences by Armani/Casa Sunny Isles Beach

Residences by Armani/Casa - Sunny Isles Beach

The eagerly awaited Armani/Casa has topped off at a final height of 649 feet. This 56-story ultra-luxury tower is moving full steam ahead for a 2019 opening. Delivering 308 high-end residences, amenities at this iconic tower include a museum-quality art collection, theater, Armani Privé lounge, double story indoor-outdoor spa, children’s playroom, ocean-view restaurant and bar, pool with food and beverage service and much more.

Prices range between $2 million to $17 million, with a choice of two- to four-bedroom residences

Paramount Miami Worldcenter Downtown

Paramount Miami Worldcenter - Downtown

The 60-story signature tower at the Miami Worldcenter topped off this August. The construction milestone was celebrated with a salute to the workers and streaming of flags from over 50 countries (representing their diverse buyer repertoire). Part of a mega mixed-use development, the high-end condo tower comes with its own soccer field, a rooftop skyport to land flying cars, dog park, yoga studio, racquetball court, basketball half-court, food market, jam room with recording studio and sky-high observation deck.

Prices range from $3.5 million to $9.5 million, with a choice of four- to five-bedroom penthouses and duplexes

Gone vertical

The Wave on Bayshore Fort Lauderdale Beach

The Wave on Bayshore - Fort Lauderdale

Beginning its vertical climb this August, developer Oak Tree Management is aiming for a year-end top off. This boutique condo project should be ready to move in next year. While floors 2-9 will have two units with 180-degree exposures each, floors 10-11 will feature only single units with 360-degree views. Residents can look forward to a heated pool, sundeck, picnic area, private club room and fenced dog park in this 11-story, 18-condo boutique building.

Prices range from $895,000 to $2.6 million, with a choice of two- to three-bedroom residences

Approved

44-story condo tower – South Beach

44-story condo tower - South Beach

Previously, the South Shore Hospital Site was to gain a multi-building low-rise development, but developer Crescent Heights scrapped plans for a new deal. After intense negotiations, the Miami Beach City Commission’s Finance Committee agreed on letting a single, taller, narrower structure come up instead. The vacant site at 500 Alton Road will now house a 44-story tower and 3.2 acres of a city-owned park. The narrower structure is designed to avoid walling-off West Avenue and optimize adjacent views.

Planned

Two 50 to 60 story condo towers – Miami River

Miami River - Miami, FL

Voting will take place this November to replace the Riverside Center administrative building with four new towers. If residents approve, the plot will gain two new 50-60 story condo towers, a 30-story rental tower and a replacement administrative building. One of the condo towers would be luxury and the other mid-range.

Other Updates

YotelPad Downtown

YotelPad - Downtown, Miami FL

Plans for the first Yotel-branded residential project on the East Coast have been submitted to FAA for approval. Developers Aqarat and Aria Development Group seek permission for a 30-story tower rising 341-351 feet above ground. Once approved, the 208-condo, 250-key YotelPad will come with a fully loaded sky lounge with game zone, a coffee bar, co-working space, pool deck, pet spa, bike storage and more. Unit owners will also have the choice to participate in the condo-hotel’s short-term rental program or rent out to the likes of Airbnb without restrictions.

Prices begin at $250,000, with a choice of 425 sq. ft. studios to 700 sq. ft. two-bedroom residences

Elysee Miami Edgewater

Elysee - Edgewater

Just two months after beginning vertical ascent, Two Roads Development nabbed a $138 million loan. This makes it the largest condo construction loan of the year, so far. Aiming for a 2020 opening, the 57-story glassy tower comes with 100 half-floor condos, a 7th floor amenity deck with pool, bar, yoga studio and children’s playground. There will also be a 30th floor Owners Sky Lounge equipped with a private theater/library, game room, wine room, bar and lounge area.

Prices range between $1.5 million and upward of $10 million, with a choice of three- to five-bedroom residences

Have you booked a spot in one of these pre-constructions? Or, are you planning to? Comment and share your thoughts below!

Contact Sep Niakan
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
(786) 930-4220
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Vizcaya is Open? Yep! Check out these Fun Things to Do in June
Lifestyle Vizcaya is Open? Yep! Check out these Fun Things to Do in June
For almost two months, Miami hasn’t been quite itself due to the coronavirus outbreak. We’ve missed all the fun events that put the magic in the Magic City. Thankfully, beginning May, the city has started to reopen (including restaurants at 50% capacity and the beaches), and we’re so glad to see some of our favorite hotspots either opening up or gearing up to open in June. So, for our monthly event roundup this time, we’ve got a mixed bag of virtual events as well as in-person events. Here’s looking at the things you can do (online or on the ground) in Miami for the month of June: Virtual Events Deering Estate Virtual Full Moon Yoga: June 4 Taking their monthly full moon yoga class online, yogi Zamanata will be leading a 75-minute Hatha flow session. For $10, you get to experience the transition of the Sun, Moon, and cosmic elements in a refreshing evening class. Those interested should pre-register here, or keep an eye out for when other in-person events come back up here. O...
Want to Live in a Penthouse? Here’s What You Need to Know
Opinions and Advice Want to Live in a Penthouse? Here’s What You Need to Know
Penthouses are the pinnacle of condo living. Living in a penthouse means waking up to sweeping views and expansive living spaces that feel like a home in the sky. Add on luxury amenities and, well, now you’re getting the picture. While it might sound cliche and too good to be true, this is the reality of owning a penthouse. But what really is penthouse apartment or condo? And are they worth it? Read on for answers to all of these questions about penthouses. So what IS a penthouse? Penthouses are, historically, a separate build on the very top of an apartment block or hotel, fitted with the best interiors, and both indoor and outdoor space. The term came about in the 1920s when developers started transforming previously undesirable and often dirty “attic” space into incredible and spacious  properties on the top of their developments. Distinguished by their opulence, as well as their world-class views, they were immediately popular and became synonymous with status and wealth (read...
Anatomy of HOA Fees: Are Miami Condo Fees actually High?
Opinions and Advice Anatomy of HOA Fees: Are Miami Condo Fees actually High?
Condo living is often considered more convenient compared to single family houses. Someone else does almost all of your maintenance -- be it the yard, the roof, the pool, you name it. Plus, there’s typically always some kind of security/surveillance. Amenities like swimming pools, gyms and front desks staff are a standard. And, if you buy into a luxury condo, you can get access to full-service spas, wine cellars, golf simulators, lounges, or even art galleries are all part of what you can call home. And while some think there’s a price for these conveniences and little luxuries, the overall cost is about the same as living in a home. The only difference is when living in a condo, you pay one monthly fee for all this, and it’s called your HOA fees or condo fees. Especially in a city like Miami, condos pack in the entire gamut of resort-style amenities fit for a year-round staycation. Not to mention, there’s usually a team of starchitects and internationally renowned designers behind...
Miami is Reopening - Here’s Where, When and How
Lifestyle Miami is Reopening - Here’s Where, When and How
It's the moment we've all been waiting for... after months of carefully staying at home to reduce the spread of COVID-19, Miami begins to reopen as part of a phased process, including real estate offices and showing activities. However, the specific openings and procedures differ slightly between Miami-Dade County, the City of Miami and the City of Miami Beach. So, while you might be tempted to rush out to your favorite restaurant or hair salon, first read below before heading out to know what "Miami's New Normal" is going to look like. And no private business is required to open, so you may want to call your favorite place first. Mayor Carlos A. Gimenez released the official guide to living in The New Normal, allowing many non-essential businesses to open on May 18th. The document covers the basics rules to reopening like requiring everyone to wear face coverings in public, wash hands often, and continue practicing social distancing, along with providing a detailed protocol for...
Love Miami Vice? Mid Century Modern? Miami’s Most Luxurious Vintage and Retro Condo Buildings are Calling
Real Estate News Love Miami Vice? Mid Century Modern? Miami’s Most Luxurious Vintage and Retro Condo Buildings are Calling
While many of Miami’s bold, new constructions are unequivocally gorgeous, the city has a long-standing reputation for charming and delightful architecture, earned by the many fabulous design visions from our colorful, subtropical past. In fact, there are still many Miamians and design aficionados among us who, in fact, prefer the classic and timeless appeal of living in a historic or vintage edifice over the temptation of the super luxe and brand-spanking-new buildings sprouting up.  Older buildings also come with time-tested, solid construction, combined with the aesthetic charm of architectural design, complete with materials and finishes, from a bygone age. Another bonus of some of Miami’s art deco, mid century modern and retro condo buildings is they often have larger floor plans.  For those interested in learning more about Miami’s top vintage condo buildings, read on… Art Deco: A Miami Beach Legacy (1930’s - 1940’s) The Carlyle Condo Hotel - Miami Beach, FL - Photo courtesy...
A No Reserve Auction for a 1000 Museum Condo? You Bet!
Real Estate News A No Reserve Auction for a 1000 Museum Condo? You Bet!
With the global health crisis forcing businesses to get creative in the way they cater to their clientele, here’s a rare opportunity: A no reserve auction for a 4-bedroom condo at the coveted One Thousand Museum building, designed by the late Zaha Hadid. Solutions such as online auctions allowing you to bid on luxe properties from anywhere in the world could be a welcome adaptation - and are something that we’ll probably see more of, staying past the after-effects of the COVID-19 pandemic. So, What’s on Sale?  ConcerigeAuctions.com has listed a half-floor, 4,876 sq. ft. condo residence in the landmark One Thousand Museum at 1000 Biscayne Boulevard, in Downtown Miami. Unit 3601, the property features 4 bedrooms, 5 full baths, 1 half bathroom, plus sweeping eastward views of Biscayne Bay, the AmericanAirlines Arena and South Beach. Perched on the 36th floor, the winning bidder will have the perfect spot to soak in unobstructed water views from within their wraparound glass-railed...