Miami’s New and Pre-Construction Condo Update: August 2020

Miami’s New and Pre-Construction Condo Update: August 2020

Sep 02, 2020 September 02, 2020

The world of pre-construction condos was abuzz in Miami this August, almost in spite of any fears that the new construction condo markets may be suffering. On the contrary, One Park Grove continued with closings, while the much-awaited Markers Grove Isle started taking reservations. Two South Beach new developments won approval, while one long-standing Mid-Beach project was rejected. 57 Ocean topped off ahead of schedule and hosted a socially-distant celebration.

Read on for details on these new buildings in Miami and more updates in our condo pre-construction roundup for the month. View and search our list of available Miami pre-construction condo units and penthouses, which is updated daily.


Closings - Miami Pre-Construction Condos 



One Park GroveCoconut Grove

One Park Grove - Coconut Grove, FL


With
closings underway for the past two months, this is Park Grove’s third and final tower to be completed – Club Residences and Two Park Grove being the first two. As residents quickly took possession, developers Terra and Related Group paid off their $112 million construction loan. About 80% of contracts of this 23-story, waterfront, LEED-certified condo building have already been closed. 

Designed by the Pritzker Prize-winning OMA and Rem Koolhaas, the stunning building’s interiors are styled by William Sofield, and it features landscaping by Enzo Enea. With only three luxury residences per floor, residents can relax in privacy and sun-filled homes exuding minimalist elegance. Some of One Park Grove’s standout amenities include two luxurious pools, a 2-acre park with museum-quality sculptures, a signature spa, wine cellar and tasting room, indoor-outdoor children’s play areas, adult gaming room, a Michael Schwartz restaurant, amphitheater, and nautical concierge.

Limited number of condos remaining. Prices start at $2.7 million. Contact us for more details.


Sales Launched - Miami Pre-Construction Condos



The Markers Grove Isle – Coconut Grove

The Markers Grove Isle - Coconut Grove, FL


One of the most highly awaited projects to come to Coconut Grove, The Markers on Grove Isle has started
taking reservations. Set to offer the best of island living, the 5-story, waterfront building will be home to 65 luxury residences with abundant views, and what is already an exclusive, gated island on the bay in Coconut Grove.

With Grove Isle already boasting a top-rated tennis club and marina, residents of The Markers also can look forward to a curated art lobby, fully-attended waterfront pool, watersports pavilion, outdoor kids’ playground, Bayfront event room, waterfront residents’ lounge, and pet grooming services, besides being able to enjoy amenities at the island’s Grove Isle Club.

Prices start at $2,200,000, with a choice of 2,200 to 5,000 sq. ft. residences. Contact us for more details.


Topped Off - Miami Pre-Construction Condos



57 Ocean – Mid-Beach

57 Ocean - Mid-Beach, FL


Topping off at 18 stories this August, developer Multiplan REAM celebrated the milestone in a socially-distanced fashion by building a six-foot-by-20-foot sandcastle featuring the building’s iconic undulating façade. The massive sand sculpture also represents the project’s support of the Oceana organization helping protect oceans across the globe. Plans for a beach clean-up event have been postponed until after the pandemic subsides. At 60% sold, the project is ahead of schedule and on track for its Fall 2021 completion.

This ultra-luxury, oceanfront mid-rise will be home to 71 modern residences with interiors by Brazil’s Patricia Anastassiadis. Designed by Miami’s award-winning architecture firm, Arquitectonica, 57 Ocean is set to feature Blue Wellness-inspired amenities. Besides a holistic spa, residents will have access to two beachfront infinity-edge swimming pools, an outdoor bar and lounge, an indoor Technogym, outdoor MyEquilibria gym, club room with chef’s kitchen and summer kitchen, meditation plus hanging gardens, a children’s activity room and much more.

Prices range from $6.95 million to $8.5 million, with a choice of two- to four-bedroom residences. Penthouses range between $15 million and $35 million. Contact us for more details.

 


Approved - Miami Pre-Construction Condos



Boich Companies’ Mixed-use Headquarters – South Beach

1910 Alton Road - Mixed Headquarters - Miami Beach, FL


Tucked in the boutique enclave of Sunset Harbour, the City of Miami Beach approved for construction a 5-story, 16,000 sq. ft. mixed-use project perched at 1910 Alton Road. Designed by Kobi Karp with interiors by Antrobus Design Collective, it will house real estate investment firm Boich Companies new headquarters. The. Chasing a late 2021 completion, it will feature a ground-floor art gallery, two floors of office space,
one penthouse unit on the top floor including an expansive rooftop deck along with 15 parking spaces.

4-Story Condo and Townhomes – South Beach

4-Story Condo and Townhomes – South Beach


With its design approval from the City of Miami Beach in place, hospitality guru Mio Danilovic will be moving forward with his first residential venture. Replacing the two-story building at 1311 15th Terrace will be four sleek condos with a cantilevered canopy, wood slat fencing, vertical gardens, and more. The elevated building comes designed by Francois Frossard Design – TAI Hospitality, an architecture firm specializing in restaurant and hotel projects and will bring a modernist contrast to its neighboring Art Deco buildings.


Other Updates - Miami Pre-Construction Condos



Aston Martin Residences – Downtown

Aston Martin Residences - Downtown, FL


Unveiling a special payment plan developed in association with mortgage broker Regal Group International to smooth the approval process, developer G&G Business Developments announced a
unique, smart way of financing an Aston Martin Residence. The program allows clients to finance their luxury condo from day one, offering greater freedom to manage their portfolios.

The plan allows the buyer to make equal, fixed monthly installments for the term of the loan, post the initial payment. Additionally, there is no prepayment penalty for the loan term, and clients can cancel or change their lender without any penalties as well. However, additional financing costs and commitment fees are not part of the plan and still remain the buyer’s responsibility.

This 66-story ultra-luxury condo tower rises along Downtown’s waterfront, featuring a unique wind-sail design. Home to 391 luxury residences, its common areas are set to feature signature Aston Martin touches. Additionally, residents will have access to the only deep-water superyacht marina in Downtown, an infinity pool, spa, a sky lounge, two cinemas, an art gallery, barber station, kids’ room, optional butler service, and more. The project is scheduled for a 2022 completion.

Prices start at $970,000 for remaining condo units, while penthouses are available for upwards of $50 million. Contact us for more details.

ElyseeEdgewater

Elysee - Edgewater, FL


Two Roads Development will be
shifting its sales center from Biscayne Beach (another condo building developed by them in Edgewater) to Elysee, once it is complete. The 5,481 sq. ft. unit sits on the first floor of Biscayne Beach and was initially meant to be leased or sold out to a restaurant. However, with the pandemic, the unit, with 2360 sq. ft. of outdoor space and 15 parking spots has hit the market for $6 million and can be used as an office, restaurant or retail space.

Elysee is expected to get its TCO by the end of September. The 100-condo, 57-story, waterfront tower comes designed by Aquitectonica and features interiors by Jean-Louise Denoit. Once complete, residents can enjoy a bayfront pool and lounge, resort-sized lap pool, waterfront fitness center, yoga studio, children’s room, 30th-floor sky lounge, teen lounge, personalized Elysee Attaché concierge services, and much more.

Mast Capital’s Alton Bay Condo Tower – Mid-Beach

Mast Capital’s Alton Bay Condo Tower – Mid-Beach, FL


Planned to be built next to the Julia Tuttle Causeway, this proposed 12-story condo tower ran into troubled waters this August.
Voted down by the Miami Beach board and a majority of the neighbors, the development’s rezoning application will be presented to the Miami Beach City Commission this September. Stay tuned.

Downsized from its initial plan of a 250-feet tall, 160-unit tower to the newly presented 140-feet tall, 128-unit tower, the development is looking for rezoning in an area that allows a maximum 85-feet tall, 75-unit condo tower. In exchange for the approval, developer Mast Capital has proposed to create a 1-acre public park, improve water and sewer infrastructure as well as enhance drainage on site. Designed by Arquitectonica, the property will include a 3,000 sq. ft. restaurant, fitness equipment, a dog park, and playground as part of its publicly accessible grounds.



If one of these Miami preconstruction condo projects interests you, email or call us and we’ll preview the options available. Or if you’re interested in the process of buying a Miami preconstruction condo, get started with our comprehensive guide 
here.

Contact Us
Sep Niakan
Broker / Team Lead
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

The Pros & Cons of Buying a Short-Term Rental Condo in Miami as a Second Home
Video Blog The Pros & Cons of Buying a Short-Term Rental Condo in Miami as a Second Home
Picture this… A second home or vacation home in Miami that lets you soak in the sun and earn while you’re away. That’s the dream most second-home buyers have in mind, including sparkling water views, breezy terraces and an investment that pays for itself when you’re not there.  With most pre-construction condo projects in Miami being built to offer flexible rental options, that dream is more attainable than ever. But before you commit to a condo-hotel or Airbnb-friendly building, it’s worth thinking beyond nightly rates and rental calendars to consider what kind of second home experience you truly want. I’m Sep Niakan—a longtime Miami real estate agent and founding broker of Blackbook Properties—and in our latest video, I walk you through the lifestyle-versus-investment trade-offs between the more exclusive vacation rentals and the more revenue-driven Airbnb-friendly condos in Miami.     At Blackbook Properties, we believe in showing both sides of the coin, and having worked...
New Fort Lauderdale Condos That Allow Airbnb and Short-Term Rentals
Preconstruction New Fort Lauderdale Condos That Allow Airbnb and Short-Term Rentals
Known as the “Venice of America” and the world’s yachting capital, Fort Lauderdale is emerging as one of South Florida’s most exciting urban markets for real estate investors. The city generated over $125 million in tourist tax revenue last year—and approximately 14 million people visit Fort Lauderdale every year, contributing more than $11.4 billion to the local economy. Clear proof that there’s steady demand for short-term stays. For those eyeing top Airbnb-friendly opportunities in South Florida, Fort Lauderdale is a compelling choice. With its laid-back, powdery sand beaches, definitely boat-friendly lifestyle, navigable waterways, rich arts and culture scene, and collection of fine dining venues, Fort Lauderdale feels tailor-made for flexible living and short term stays. Developers are responding by bringing new, thoughtfully designed condo offerings to market. This new wave of Fort Lauderdale condos that allow Airbnb or daily rentals offers more than just a place to stay—each...
Brickell Bridge Schedule, Traffic and Solutions—All You Need To Know
Transportation Brickell Bridge Schedule, Traffic and Solutions—All You Need To Know
If you’ve ever tried driving from Brickell to Downtown Miami for work, lunch or a meeting, you know the gamble. Most Miamians dread the thought of such a risky drive for fear of getting caught at the Brickell Avenue Bridge. One of Miami’s busiest drawbridges, it links Brickell to Downtown by connecting Brickell Avenue to Northeast 2nd Avenue. When it rises, so does frustration. The Brickell Bridge spans the busy Miami River, opening on the hour and half-hour (during non-curfew time) to allow both pleasure boats and maritime traffic to pass. For anyone navigating between Brickell and Downtown, these frequent openings can be a headache, especially as both neighborhoods keep on growing. So What’s the Problem with the Brickell Bridge? Let’s Investigate! Brickell is considered one of Miami’s hottest neighborhoods today. The “Manhattan of the South” is the city’s financial core and a highly desirable residential area, as well as a go-to destination for dining and nightlife. For many,...
Comparing the Miami Beaches: South Beach vs Mid Beach vs North Beach
Neighborhood Comparisons Comparing the Miami Beaches: South Beach vs Mid Beach vs North Beach
Describing South Beach, Mid Beach, and North Beach in Miami is like describing Downtown, Midtown, and Uptown in Manhattan. Each area has a huge variety of qualities that defines it from other parts of the city. Together they make up the whole of “Miami Beach.” But even though there are plenty of similarities, there are also enough differences among these neighborhoods to set them apart enough that each area of Miami Beach is unique unto itself. To give you an insider’s view, here’s our comparison of the three main geographic areas of Miami Beach in case you’re thinking of moving to one of them or are simply curious. — The Lifestyle If you’re considering moving to Miami Beach, chances are the beach lifestyle is a top priority for you. So, let’s explore what each of these neighborhoods has to offer.  South Beach: Iconic Miami Beach Photo courtesy of miamiandbeaches.lat South Beach is undoubtedly the most famous part of Miami Beach, known for its vibrant street life, historic...
Your Complete Guide to Michelin Star Restaurants in Miami in 2025
Lifestyle Your Complete Guide to Michelin Star Restaurants in Miami in 2025
What do cobia brined in mango boshi, hirami with marigold granita and a 42-day dry-aged tuna flown in from Japan have in common? They have all just earned the world’s most coveted culinary stamp of approval. The Michelin Guide Florida 2025 is out, and Miami continues to dominate the spotlight—while Fort Lauderdale makes its debut, signaling a new chapter for the state’s growing fine-dining map. In 2025, the distinction that can catapult a tiny 10-seat counter to international fame or cement a neighborhood’s status as a gastronomic destination brings fresh accolades. At the top of the list is Itamae Ao, a new one-star restaurant in Midtown that blends Japanese technique with Peruvian soul.  Interesting fact: the neighborhood will also soon be home to a luxurious, gastronomy-focused condo concept, with kitchens, catering services, and amenities conceived by French master chef Jean-Georges Vongerichten. Get a first look in our exclusive video tour of Jean-Georges Miami Tropic...
May 2025: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction May 2025: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Working to meet the ever-increasing appetite for luxury residences in South Florida, particularly north of Miami, developers are moving full steam ahead with sales launches, groundbreakings, and architectural reviews.  This month, Unilog Group launched sales for its boutique, ultra-luxury project boasting dual-waterfrontage, poised to bring an elevated standard of waterfront living to Hollywood Beach. Related Group’s Andare Residences, conceived in a direct partnership with Pininfarina, broke ground and is set to become the tallest residential tower in Fort Lauderdale. Star Developers unveiled a state-of-the-art sales gallery for One Hollywood Residences. And two new preconstruction projects secured construction financing to accelerate their development timelines. Plus, read on to find out which ultra-luxury Palm Beach condo project got sent back to the drawing board by town commissioners—and is now set for a design review in July—along with other updates in our May 2025...
Chat on WhatsApp