Miami’s New and Pre-Construction Condo Update: February 2017

Miami’s New and Pre-Construction Condo Update: February 2017

Mar 31, 2017 March 31, 2017

Of late numbers might have you thinking that things are slowing down in Miami’s condo market, but there’s still a lot of action taking place on the ground. For the month of February, we had a grand opening, two sales launches and some approvals to keep the market abuzz.

Here’s looking at the top developments this February in Miami’s new and pre-construction condo market:

Miami Condo Sales Launches & Sales Office Openings

Monad TerraceSouth Beach

Michael Stern’s JDS officially launched sales for their statement creation in South Beach, the Monad Terrace. The reflective waterfront building is registered for sales in New York. Ground-breaking is expected to take place soon, since the New-York-based developer is targeting 2019 for delivery.

This 59-unit, luxury condo building is Pritzker Prize-winning Jean Nouvel’s first in Florida. The French architect has not only designed the building, but will also be designing each unit. Amenities include a sun deck with bayfront pool, climbing gardens for shade, dock access and a residents’ lounge among others.

Prices start at $2 million with a choice of 2-5 bedrooms

Monad Terrace

Monad Terrace

The Ritz-Carlton ResidencesSunny Isles Beach

The Ritz-Carlton Residences unveiled their brand-new $1 million+ sales gallery at 15800 Collins Avenue. Across the street from the oceanfront luxury condo tower, it replaces their previous waterfront site. Vertical construction is already underway as the 212-unit tower broke ground last summer.
 
Presales stood at 64% as of February 2017, including deals on three out of five penthouses, with the fourth in negotiations. The average sales price hovers at $1500/sq. ft., with a completion date of mid-2019.
 
The timeless interiors of the 52-story tower come designed by Florentine architect Michele Bönan in a sophisticatedly soothing neutral palette. Besides sweeping views of the Atlantic, the luxury condo building will be home to a 33rd floor private club inclusive of a lounge, two bars, guest suites, business center and dining area, in addition to a kids club, on-site restaurant, pool deck, private beach amenities and more.

Prices range from $1.9 million to $30 million (for penthouses) with a choice of 2-5 bedrooms

The Ritz-Carlton Residences

The Ritz-Carlton Residences

SophieBay Harbour Islands

Allure Development’s boutique condo project in Bay Harbour Islands also launched sales this February. Seven-storied Sophie will feature an interior atrium breezeway for ventilation, complete with hanging gardens tropical landscaping and a 100-foot long linear fountain. With only 26 units, Sophie will offer residents a rooftop pool, gym & spa, kids’ playroom, beach club membership and photographs by artist Sophie Rouillon in its common areas.

Prices start at $420/sq. ft. with a choice of 2-3 (+ den) bedrooms 

Sophie Condo Miami

Sophie Condo Miami

Now Open Miami Condos

Hyde Resort & ResidencesHollywood

With a grand opening featuring a performance by the Gypsy Kings and live-streamed demolition of Hyde Beach House (sister project), the Hyde Resort & Residences stand open. Completely sold out, this 40-condo, 367-hotel room luxury development features move-in ready units with flooring, furniture, wall coverings and even silverware. Amenities at this waterfront resort-residence include a pool bar and café, an Emena spa and three restaurants including the Hyde Beach Terrazas.

Sold out – Prices ranged from $750,000 to $2 million 

Hyde Resort

Hyde Resort

Miami Condo City Approvals

18Brickell

The City of Miami Board gave its approval to the mixed-use tower proposed to replace Brickell’s Burger King-anchored strip mall. The 78-story, 960-foot supertall will feature 392 condos, 66,618 sq. ft. of retail occupying four floors, 464 parking spaces and bicycle parking. Developed by the Karam Group, the LEED Silver building is being designed by Nichols Brosch Wurst Wolfe & Associates.

Issues & Lawsuits for Planned Miami Condos

Capriccio – Bay Harbour Islands
Rejected over multiple design issues

The Bay Harbour Planning and Zoning Board rejected the approval of the proposed Capriccio’s by a 4-1 vote. After review, the board cited multiple issues with the condo building. Elements in need of revision include the enormous size of the parking lot and its proximity to the street, landscaping and the need to walk to the street for trash disposal. Once fixed, the 30-story condo building will be welcome to seek approval.
 
Apeiron Miami – North Miami
Feud over dated agreement violations

Residents continue their battle with Apeiron developers over development on the common grounds at the Jockey Club condo complex. The condo associations of Jockey Club I and II claim that Apeiron is trampling over a pair of binding agreements from 1977 and 1995 that block any further development from taking place at the club. The case is set for trial for a period of three weeks starting February 27.
 
If built, the Apeiron will be an ultra-modern addition to the complex, featuring two 40-story towers, with 90 hotel rooms and 240 condo units (also served by the hotel portion), a five-acre indoor/outdoor health and wellness complex, new clay tennis courts, outdoor pools and a reconstructed marina with 38 deep-water yacht slips. So far, Jockey Club III residents seem to be onboard with team Apeiron’s Horst Schulze, Michael Bedner and Muayad Abbas.

Stay tuned for more updates each month!

Contact Sep Niakan
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
Lifestyle October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
It’s that time of year again, when orange skies fill the air and pumpkin spice lattes fill your coffee mug. Fall in Miami is truly beautiful - the weather is cooler, the sunsets are stunning and the pace of our lives starts to wind down a bit. October in Miami is great time to experience the outdoors and get in some nature walks to recharge the senses without breaking much of a sweat - not to mention have some fun! So, for things to do in Miami this month, we’ve got a mixed goodie bag of online and on-ground events to help you have some Halloween fun. (We highly recommend double checking the availability of the on-ground events before heading out.) There’s also a virtual run, online jazz series, boat show, and carnival to keep you in the highest of fall spirits. Look below for the complete list of virtual and on-ground events to spice up your October in the Magic City: Halloween Specials Drive-Through Pumpkin Patch: October 3-31 Miami-Dade County Fair & Expo Center, University...
Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Lifestyle Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Nothing embodies the Miami lifestyle better than a day of sailing on the beautiful blue waters of Biscayne Bay, the Atlantic Ocean, or the Intracoastal Waterway. Boating is a way of life in South Florida. For those who want to board a boat and join the fun, here is a list of our 10 favorite sailing and boating clubs in Miami.  1) Biscayne Bay Yacht Club 2540 S Bayshore Dr, Coconut Grove  The Biscayne Bay Yacht Club (BBYC) is Miami’s oldest boat club, dating back to 1887, when it leased the Florida Cape Lighthouse as its headquarters.  The club purchased its current clubhouse in 1932 and has been involved in practically every important sailing race in South Florida to date.  Today, the club continues to be among the most popular sailing clubs in Miami, with regattas throughout the year, sailing lessons, and all kinds of sailing events. The BBYC has also become popular among windsurfers and is now known as the international hub for this popular sport, turning out Olympic-caliber...
These Two New Miami Towers Could Become Edgewater’s Latest Developments
Real Estate News These Two New Miami Towers Could Become Edgewater’s Latest Developments
Edgewater is expanding. Again! With two new residential towers planned - one condo and one multifamily - the Miami waterfront neighborhood is once again proving it’s continuing to be Miami’s most desirable neighborhood. Both projects are currently awaiting a vote from the City of Miami’s Urban Development Review Board. Developers have been attracted to Edgewater for residential projects, given its family-friendly vibe. The Bayfront neighborhood further benefits from close proximity to the shops and restaurants of Midtown, high-end shopping at the Design District, the eclectic art scene of Wynwood, and general vivacity of Downtown. It is also minutes from a Metromover station that takes people through to Downtown and Brickell. New Edgewater Condo Grupo T&C: 36-story, LEED-certified Condo Tower designed by Kobi Karp Sitting just behind Quantum on the Bay and 1800 Club, Lima-based developer Grupo T&C is proposing a 322-unit, 36-story tower at 1825 and 1837 NE Fourth Avenue. The...
Must-Have Tech to Make Your Condo a Smart Home
Opinions and Advice Must-Have Tech to Make Your Condo a Smart Home
Smart Home technology has been improving year after year and has probably been making your life easier without you even knowing. In the last few years, the home-tech market has exploded leading to a new generation of smart home devices that let you automate your condo.  Whether it’s an energy-saving, AI-powered thermostat keeping your condo at the right temperature, or maybe a smart security system that keeps burglars at bay. There is no question the smart home market is growing and here to stay. What: Philips Hue - The Smart Light Bulb Why: The Philips Hue Smart Bulbs give you access to the color and tone of the lights in your condo all from an app on your phone. These smart light bulbs communicate through Bluetooth and wifi, letting you control the lighting around your condo with just a smartphone! Depending on which model you buy, you’ll be able to not only change the strength and hue of the light but even the color. Dim purple lighting in your living room? Easy. All without...
Need to Get Away from It All? Escape to a Miami Sandbar
Lifestyle Need to Get Away from It All? Escape to a Miami Sandbar
Destination: Sandbar Miami Miami’s coastline provides plenty of adventure, fun and stress relief, the perfect life hack for destressing! Whether you’re into boating, kayaking, swimming, or scuba diving, our coast provides plentiful areas where natural beauty and cooling relief from the hot sunny weather await you. Among the many delights that the Miami coastline has to offer are the sandbars that emerge along the beach at low tide. While most sandbars come and go with the tides and shifting sands, there are several that are established as permanent, and three in particular within Miami. These sandbars are sunny oases in the middle of the sea, accessible only by boat or kayak, and have become popular fun zones where families and singles can swim, relax, and party.  If you are looking to enjoy a special adventure in the water, set out on the waters and check out these gorgeous Miami Sandbars the next time you go out boating or kayaking. Haulover Sandbar 10800 Collins Ave, Sunny...
Buying a Miami Condo for Daily Rental or Short-Term Vacation Rental? Read This!
Opinions and Advice Buying a Miami Condo for Daily Rental or Short-Term Vacation Rental? Read This!
With more and more travelers choosing to book with daily vacation rental websites such as Airbnb or VRBO over traditional hotels, the short-term vacation rental business is on the rise globally. Its local reach, luxury amenities and home-away-from-home comfort is what makes this vacation rental model a huge success. Additionally, when you couple the breeziness of an Airbnb-style vacation rental with a year-round city like Miami, travelers get a phenomenal vacation. After all, it's no secret that Miami has one of the best beach, nightlife, food, culture and shopping scenes in the world, and that's not going to change. This, quite obviously, makes buying a condo for daily renting in the city or Miami Beach a lucrative and smart investment opportunity. However, before you go property-hunting for your full-time or part-time Airbnb investment, here's what you should know about daily rental condos in Miami: Quick Links   Why Invest in a Daily Rental Condo in Miami? What's the Difference...