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

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

Aug 25, 2017 August 25, 2017

We’re back with the latest in Miami’s pre-construction condo market. This July, Genting finally showed some movement by filing for two permits for the old Miami Herald site. Tibor Hollo and P&O Global Technologies came back with revamped plans for their proposed condo towers. L’Atelier managed to nab its construction loan, while the Verzasca Group backed out of building a condo tower. Have a look below for these and more developments on the pre-construction condo front in Miami:

New Sales Gallery

Cassa Brickell - Brickell

Sitting on a quiet corner in Brickell, the 10-story, 81-unit development has gained a brand-new, on-site sales gallery. TSG Paragon Development brings about this unique condo project to 201 SW 17th Road. With only a handful of state-of-the-art residences, each finished unit boasts of spacious balconies, Italian kitchens, designer fittings and walk-in closets. Residents also get access to a personal fitness advisor, Ana M. Sanchez, events on the rooftop sundeck exclusively planned by EventsbyArianna, and nature personally curated by La Petite Fleur. Although boutique, the project finds its roots in the ideology of living big.
 
Prices range from $415,000 to $800,000, with a choice of one to three bedroom units, penthouses and townhomes.

cassa brickell

Proposals

Edge on BrickellBrickell

Tibor Hollo’s Edge on Brickell has submitted revised plans for approval. The number of condos has been reduced from 130 to 70 to make room for the addition of its hotel component. There’s also been a reduction in open spaces as well as parking spots. However, the number of stories has increased to 58 from 55 for the mixed use development to accommodate its 198 hotel rooms.

Edge on Brickell

P&O Global Technologies’ Proposed Condo Tower - North Bay Village

Rejected by residents in March for being too overwhelming for the village, Malaysia-based P&O Global Technologies is back with a new and improved proposal for its condo development. The developer has downsized plans and brought down its North Bay Village tower height from 290 to 240 feet. The number of condos has also been reduced from 77 to 54. With review pending this September, the developer is hoping to break ground in 2018.

Resorts World MiamiDowntown Miami

There is finally some hustle on the oceanfront Genting project. Developers filed for a permit to remove 26 trees from the former Miami Herald site. Genting also went ahead to file court documents and is again going to request administrative approval for a casino from Florida’s Division of Pari-Mutuel Wagering.

Resorts World Miami

OKO Group’s 47-story condo – Brickell

Doronin’s OKO Group has submitted landscape plans by Enea Garden Design for its Brickell parcel at 175 SE 25th Road. Last year, the Russian billionaire’s group had announced plans of building a 47-story luxury condo building on the parcel. The group also mentioned roping in Burj Khalifa’s Adrian Smith + Gordon Gill Architecture firm to bring the 613 foot tower to fruition.

Planned Projects

Two-phase development at 400 Biscayne – Downtown Miami

PMG has planned a two-phase development at the former site of the First United Methodist Church in Downtown. The first phase of the project has developers rolling out a 45-50 story rental tower with more than 500 apartments. Phase 2 should see a condo tower come up; however, PMG wishes to wait for a firmer market before finalizing any plans. Stantec is the architect of choice for the upcoming project.

Other Updates

Brickell TenBrickell

Developers IBcorp Investments, Waterstone Capital LLC, BC Architects A1A and Civic Construction’s 22-story condo tower now stands complete. With 98% of its 155 units already sold out, its sales team OneWorld Properties is busy finalizing closings. The tower brings with it 13,500 sq. ft. of ground level retail and restaurant space, a rooftop recreation complex, concierge, valet, only 10 residences per floor and panoramic water plus city views for residents to enjoy.

Brickell Ten

L’AtelierNorth Beach

Toronto-based Romspen Investment Fund approved a $57 million construction loan for this boutique, oceanfront condo project. Developers SMG Management and the W Capital Group paired up with interior designer Holly Hunt, of international fame, making this her first-ever residential project. Aiming for a 2018 completion, each L’Atelier residence will face the ocean. Amenities here include a 78-foot lap pool on the upper deck, oceanfront infinity-edge pool, poolside cabanas, pool and beach attendants, a hammam spa, hammock gardens, double-height fitness center and a house manager.
 
Only 5 residences remain - four flow-through units priced $3.6 million to $4.5 million and a penthouse priced $25 million.

l'atelier condo north beaxh

Issues & Lawsuits

Planned condos replaced by apartments – Edgewater

Seems like Miami’s humdrum condo market is finally getting to developers. First, we saw the Related Group cancel plans for Auberge Miami. And now, the Verzasca Group has changed its mind by swapping out its condo tower for a 393-unit rental development at 2000 Biscayne in Edgewater.
 
What do you think about this latest trend of rentals taking over Miami? Would you like to own a condo or settle into a neat rental?
 
Think we missed any updates? Let us know in the comments below.

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...