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

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

Aug 08, 2018 August 08, 2018

The most awaited Paraiso District is closer to opening, with three of its four condo towers going ahead with closings. One Brickell City Center is in for a design revamp. And, South Beach could end up with a brand-new luxury tower. Read on for details on these and more below:

Closings Underway

Paraiso Bayviews - Edgewater

Second in the four-tower condo complex, closings are currently underway at Paraiso Bayviews. After almost all the units in Paraiso Bay have closed, this second tower initiated the process and closed over a 100 of its 396 units. Luxury amenities at this four-condo complex include a Michael Schwartz-helmed eatery, bar with outdoor patio and marina, a beach club, three pools, two-story gym and spa with juice bar, among others.

Prices for remaining units start at $599,000, with a choice of one- to three-bedroom units

Paraiso Bayviews
Photograph : Courtesy of Paraiso Bayviews


Completed

One ParaisoEdgewater

The third in the Paraiso condo tower complex just received its Temporary Certificate of Occupancy this July. Closings are scheduled to begin as early as August 6. Featuring 276 luxury condos, residents get access to a Michael Schwartz eatery, three pools, a beach club, outdoor patio and marina, 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.

One Paraiso
Photograph : Courtesy of One Paraiso

Proposed

42-story Condo Tower – South Beach

Developer Crescent Heights has proposed to build a 42-story condo tower at the entrance to South Beach on Alton Road. After talks with city administration, the condo tower will now be slimmer with a 13,900 sq. ft. floor plat opposed to its initial proposal of 17,000 sq. ft. The 5th Street tower will also feature only 42 stories with 400 units opposed to 60 with 510 residences.

One of the major highlights of the new plan is a 2.5 acres park that will be donated to the city for public use. The tower will also feature a single-story commercial plaza towards the east, inclusive of cafés and other establishments fit for community activities.

Other Updates

One Brickell City Center - Brickell

It could be a while before One Brickell hits the ground as Swire Properties is still busy revamping design plans for the 80-story condo tower. If built according to plans, the tower would become the tallest in Miami at 1,049 feet.

Developers have also submitted new plans to build on two additional city blocks, increasing the total area from 11.4 acres to 13.9 acres. The tower to be built on the Tobacco Road site is proposed to feature 54 stories with a 10-story podium, 588 condo units, 89,130 sq. ft. of retail/commercial space, and 839 parking spaces. The tower to be built on the Associated Photo site is proposed to feature 62 stories with a 12-story podium, 384 condo units, 3,200 sq. ft. of retail/commercial space, and 363 parking spaces. Both plans are subject to approval.

One Brickell City Centre
Photograph : Courtesy of One Brickell City Center

The FairchildCoconut Grove

After a star-studded opening in April, ROVR Development is moving full steam ahead with a $27 million construction loan from the Oceana Bank. The only new waterfront condo project in Coconut Grove, this Max Strang-designed tropical oasis features 26 residences. Looking to go vertical in August, developers are aiming for a September 2019 completion. Amenity highlights include a rooftop pool with cabanas, wellness spa with Turkish bath (Hammam), bayside lounge, outdoor cinema, private dog park, floating dock with paddleboards, private boat slips, serenity gardens and rainforest path.

Prices start at $1.6 million, with a choice of two- to four-bedroom plus den residences

The Fairchild
Photograph : Courtesy of The Fairchild

Catch all these updates and more in your inbox! Subscribe to our blog for monthly updates on condo pre-construction news, key luxury condo statistics, tax saving tips and much more.

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

Video: Take a Walking Tour of Edgewater, Miami
Lifestyle Video: Take a Walking Tour of Edgewater, Miami
Having spent almost 17 years in this mainly residential locale, Blackbook Properties’ luxury condo expert Sep Niakan takes you on his bright and sunny morning walk through this Edgewater, Miami, one of the city’s most popular waterfront neighborhoods.   Filmed in December, with a balmy winter morning temperature of 79° F/ 26° C, this scenic walking tour takes you through Margaret Pace Park and onto the Venetian Causeway. Besides being popular among walkers, joggers, and runners, the bayfront Margaret Pace Park is also a hot favorite among dog lovers, picnickers, and sports enthusiasts. The 8-acre park features two lighted tennis hard courts, two sand volleyball courts, one basketball court, personal fitness equipment, a gated playground, and more. The Venetian Causeway connects the mainland to Miami Beach, and again, makes a scenic seaside escape to clear your mind or simply absorb the sights and sounds of Miami. Watch the video to walk along. If you want see available units...
Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
Real Estate News Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
It’s a trend we’ve been talking about since the last quarter of 2020 - waves of buyers are contributing to one of the biggest real estate booms in Miami history. As individuals and businesses escape high tax states like New York and California, and have the freedom to work from any location, luxury condo developers in Miami are announcing new project after new project.   Miami condo developers announced more than xx new and relaunched condo projects last year in 2021. In an attempt to appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable, and could bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s a look at the latest condo projects proposed in Miami in 2021 (till the time of this post): New Miami Condo Development Projects 2021 - Table of Contents New Downtown Miami Condo...
Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Real Estate News Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Brickell is one of Miami’s most desirable and popular neighborhoods, known the world over. Starting at the junction of the Miami River and Biscayne Bay, extending from Downtown Miami south along the water to the Rickenbacker Causeway that leads to Key Biscayne, Brickell is now known as the “Manhattan of the South.”  Indeed, Brickell is one of the world’s most important international financial hubs, home to many transnational companies and professionals from around the world. But Brickell is more than just Miami’s Financial District and the largest global banking center in the US south of New York. It’s an ultimate live, work, and play destination, and many celebrities have made their home in Brickell, including such Latin pop icons as Luis Miguel, Jennifer Lopez, and the late José José, as well as salsa legend Marc Anthony. To really get to know Brickell, and also know where you might want to live, Brickell actually consists of subdivisions that exist as distinctly different...
Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Preconstruction Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Combining the luxuries of New York City’s oldest hotel brand with Miami's first residential supertall tower, the Waldorf Astoria Residences Miami will transcend and transform luxurious living in Miami – all in the heart of Downtown. Moreover, a joint venture between the developers (PMG) and city will including expanding the green spaces in front of the luxury tower along Biscayne Boulevard, transforming the main boulevard of the Miami.  Waldorf Astoria Residences will be the tallest building south of Manhattan, transcending the skyline here and the heights of Miami luxury as we know it today.  Watch the video for more information.   Waldorf Astoria Residences Miami Key Details Groundbreaking: Early 2022 ​​Completion: 2025 Architecture by: Carlos Ott (conceptual artist) & Sieger Suarez (Miami’s award-winning architects). Designed to look like 9 offset crystal cubes, this sculptural condo-hotel is set to redefine Miami’s skyline. Interiors by: San Francisco’s...
Miami’s New and Pre-Construction Condo Update: December 2021
Real Estate News Miami’s New and Pre-Construction Condo Update: December 2021
Developers have turned bullish in Miami, and not without reason. Considering the booming luxury housing market with heightened buyer demand from the Northeast, California, and other high-tax areas, along with strong international interest as well, developers are on the fast track to bringing condo projects to life. This December, sales for Midtown’s Standard Residences and Smart Brickell’s third tower were launched. Downtown’s Aston Martin Residences topped out, becoming Miami’s tallest-ever condo (at least for the time being, before more supertalls top off). Developers announced a slew of luxury condo projects from Brickell to South Beach. Edgewater’s Aria Reserve and Downtown’s E11even Hotel & Residences filed for construction permits. Also, Melo Group bought an entire block in Downtown Miami, while Little River is ripe for redevelopment. Read on for details on these and more updates in our Miami condo pre-construction market roundup for December 2021:   December 2021 -...
10 Most Exclusive Oceanfront Condos in Miami Beach
Real Estate News 10 Most Exclusive Oceanfront Condos in Miami Beach
For anyone accustomed to or looking to live in Miami or Miami Beach, an oceanfront residence is usually at the top of their list. For many, this type of luxury is complete only when it offers five-star amenities in an outstanding location with utmost privacy. And while there are plenty of Miami Beach condos that give access to breathtaking water views, fine sand beaches, world-class dining and entertainment, there are a handful of exclusive residences that make for the most sought after buildings, including the best designer interiors, expansive floor plans, high-end amenities, and an exclusive lifestyle. This article was last updated on January 4, 2022. Here’s our list of the Ten Most Exclusive Oceanfront Condos in Miami Beach that deliver the crème de la crème of beachfront living: Setai - 2001 Collins Ave, South Beach Average sales price - $2,732/sq. ft.Making a bold and lavish statement are the residences at the Setai condo-hotel. Its 163 ultra-luxury residences are housed...