Miami’s New and Pre-Construction Condo Update: July 2019

Miami’s New and Pre-Construction Condo Update: July 2019

Aug 19, 2019 August 19, 2019

July has been a month of many beginnings in the world of Miami pre-construction condos. Villa Valencia made its debut with a ground breaking. YotelPad started its vertical ascent. And, the condo tower at Miami Worldcenter marked its completion after four years of being pre-construction. However, some of the most shocking news came in from the developers at Le Jardin, who went ahead and filed for bankruptcy without their project actually being insolvent.

Read on for details on these condo pre-construction updates and more below:

Now Open

One Thousand MuseumDowntown

One Thousand Museum - Downtown, Miami FL


After breaking ground in December 2014, this Zaha Hadid-designed ultra-luxury tower is
finally open to receive residents. Each of its 83 units are designed to maximize views, since its unique exoskeleton supports the tower with zero internal pillars. Residents will now be able to enjoy a host of spectacular amenities including its private helipad, outdoor wellness garden, yoga deck, world-class spa with relaxation pods, multiple pools, a third-floor sunbathing deck, double height aquatic center and sky lounge, club room, vertical gardens, off-site beach club, a bank vault, underground parking and much more.

Prices range between $1.5 million and $31 million, with a choice of two- to four-bedroom residences

Complete

Paramount Miami WorldcenterDowntown

Paramount Miami Worldcenter - Downtown, Miami FL


Four years in the making, the condo tower at Miami Worldcenter is finally
complete. At nearly 90% sold, the 60-story building has received its temporary certificate of occupancy, and closings are expected to begin soon enough.

Part of the master-planned Worldcenter, this 569-unit tower will share the complex with 300,000 sq. ft. of retail, a 2,050-room hotel, up to 500,000 sq. ft. of office space, 500,000 sq. ft. of expo space and other residential developments. Amenities at this ultra-luxury tower include a 5,000 sq. ft. skyport for passenger drones, an outdoor soccer field, two tennis courts, golf simulator, jam room with recording studio, boxing gym, spa, salon, resort-style pools, conservatory and much more.

Prices start at $885,000, with a choice of one- to three-bedroom plus den residences

Going Vertical

YotelPadDowntown

YotelPad - Downtown, Miami FL


Ready to
begin vertical construction, this first-of-its-kind luxury development introduces the concept of micro-living to Miami’s condo-hotel space. At 95% sold, it is one of the fastest selling projects in the city.

Scheduled to open in 2021, the garageless tower features 231 condo residences and 222 Yotel cabins in its 31 stories. Amenities include three Techi robot butlers, a full-service restaurant and bar, a 2000 sq. ft. skytop lounge with game area and chef’s kitchen, coffee bar, pool deck, co-working spaces, bike storage, pet salon and more. Owners will further have the option to participate in the condo-hotel’s short-term rental program, and even rent to Airbnb without any restrictions.

Prices average at $650/ sq. ft. and begin in the $300,000s, with a choice of 417 sq. ft. studios to 708 sq. ft. two-bedroom residences

Breaking Ground

Villa ValenciaCoral Gables

Villa Valencia - Coral Gable, Miami FL


After launching sales in January, the luxurious Villa Valencia
broke ground by the end of June. Featuring 39 estate-sized condos in a 13-story mid-rise, these Mediterranean-inspired residences will come ready-to-move-in. Boasting of 19,000 sq. ft. of amenities, residents will have access to a hammam-style spa, hydrotherapy plunge pools, a steam room, sauna, 78-foot resort-style pool with two summer kitchens and sunbeds, a Cucina with full bar, tearoom, entertainment room with billiards, golf and driving simulators, a fitness center with yoga and Pilates and much more. Delivery is anticipated by summer of 2021.

Prices start at $1.65 million, with a choice of three- to six-bedroom residences and penthouses

Approved

555 River House - Miami River

555 River House - Miami River, Miami FL


Owing to its maritime-inspired design by Carlos Zapata, this mixed-use development impressed the Urban Design Review Board enough to
win approvals with a total of seven waivers. The condo-hotel’s design features two glass and steel buildings resembling cargo ships weighed down by stacks of containers. The three mid-rises will feature 39 condo units and 169 lodging units managed under the brand Sixty Hotels of New York. Hoping to break ground by January next year, residents will have access to the hotel’s amenities as well as the option to rent out their units.

Prices are expected to average at $1,150 per sq. ft., or range between $1 million and $1.5 million

Planned

Mishorim TowersDowntown

Mishorim Towers - Downtown, Miami FL


Planned to be constructed as a two-phase project, Mishorim Towers will feature 800 residential units along with 120 hotel rooms, 7,110 sq. ft. of commercial space and 264 parking spaces. Its shorter north tower will rise 55 stories and house only the residential component, while the 63-story south tower is where the 120-key hotel will be accommodated.

Other Updates

GlasshausCoconut Grove

Glasshaus - Coconut Grove, Miami FL


This exclusive “glass house” in the Grove has secured
$13.2 million in construction financing. The boutique, 5-story building is home to 23 luxury condo units with amenities such as a Zen garden, “living wall” garden in the lobby, rooftop pool and cabanas, underground parking, dedicated electric car charging stations and more. Developers are aiming for an early 2020 completion. 

Prices start at under $600,000, with a choice of one- to three-bedroom residences

DieselWynwood

Diesel - Wynwood, Miami FL


Demolition has begun to clear the site for the first-ever Diesel branded condos. The Diesel Living building is expected to feature 143 loft-style condos and 24,000 sq. ft. of ground floor retail, along with multiple pools and a wellness center.

One Island ParkSouth Beach

One Island Park - South Beach, Miami FL


This proposed 400-foot tower on Terminal Island has run into troubled waters with the Coast Guard. The Related Group development has
received a warning from the Coast Guard that it could end up giving criminals a bird’s eye view of the sensitive mission carried out by their Miami Beach station. Developers are still pushing for this 34-story, 90-unit luxury tower to be built with provisions for the Coast Guard’s security concerns.

Issues/Lawsuits

Le JardinBay Harbor Islands

Le Jardin - Bay Harbor Islands, Miami FL


While this Verzasca Group project is nearly complete and a majority of its units presold, developers have
filed for a Chapter 11 bankruptcy in a rather bizarre move. The bankruptcy is said to be filed in connection to a lawsuit alleging that the group owes money on an EB-5 loan. What’s rather unusual is that the project is not actually insolvent, and has $27.5 million in assets against $7.1 million in liabilities. Read the full report here.



Looking to buy into one of these pre-constructions? Give us a call at …

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

Miami Events February 2022: Miami Marathon, International Boat Show, Dua Lipa, Art Wynwood, Coconut Grove Arts Festival & More
Lifestyle Miami Events February 2022: Miami Marathon, International Boat Show, Dua Lipa, Art Wynwood, Coconut Grove Arts Festival & More
Love is in the air and Miami has an equally lovely lineup of events and fun things to do this February. Gift yourself some TLC that’s light on the pocket with amazing offers courtesy of the Miami Health & Wellness program. Take your pick of art festivals like the Coconut Grove Arts Festival, Art Wynwood, and South Miami Rotary Art Festival are all back this year. We also have Imagine Dragon and Dua Lipa performing at the FTX Arena. The Miami Marathon and Half Marathon, the Miami International Boat Show, and of course, the South Beach Wine & Food Festival is the highlight of the month. We’ve also included a special lineup of pre-Valentine and Valentine’s Day events to get you started. Read on for the full list of Top Things to Do in Miami in February 2022: Things to Do in Miami - February Events at a Glance Special: Valentine’s Day 2022 Events February 2022: Miami In-person Events Miami Health & Wellness Months: Through February & March Miami Marathon and Half...
Pre-Construction Condo Spotlight: La Baia in Bay Harbor Islands
Preconstruction Pre-Construction Condo Spotlight: La Baia in Bay Harbor Islands
Looking to bring the same transformative change to Bay Harbor Islands as he did in the South of Fifth neighborhood in South Beach with the iconic Continuum Condo Towers, developer Ian Bruce Eichner launched sales for La Baia residences in October 2021. The ultra-luxury La Baia will be a bayfront, boutique condo community featuring only 68 plush residences and its own 20-boat private marina. La Baia: A Waterfront Enclave of Luxury in Miami’s Northern Islands Crafting a new language of bespoke living on the water, La Baia condo residences will be tailored to fit Bay Harbor Islands’ tranquil ambiance. Designed by Revuelta Architecture, the stylish glass building will rise only 8 stories with a total of 68 luxury residences. Big on space, the one- to four-bedroom units at La Baia will range from 1,125 to 2,500 square feet in size. Owing to the Bay Harbor waterfront setting and expansive balconies, all La Baia residents will be able to enjoy unobstructed views of Biscayne Bay, Bal...
Introducing Downtown Miami’s Okan Tower - Luxury Miami Condos
Preconstruction Introducing Downtown Miami’s Okan Tower - Luxury Miami Condos
Meet Downtown Miami’s latest supertall condo tower that is sure to become an icon of the Magic City’s skyline for years to come - Okan Tower. With sales relaunched in November 2021 and buyers going straight to contract, after putting the project on hold, Turkish developer Okan Group is determined to make up for lost time. Back in action with revamped floor plans and the addition of an all-weather, glass-enclosed rooftop deck and observatory, the Okan Tower will feature 70 stories of luxury Sky Residences, world-class amenities, and 5-star Hilton Hotel & Resort. The Okan Residences Experience - Unfolding the Tulip Tower of Miami On track for a June 2022 opening, the condo-hotel marks Turkey-based Okan Group’s first development in the U.S. Designed by the Coral Gables-based Behar Font & Partners (the architects behind Quadro), the glass tower will feature a tulip-inspired façade as an ode to Turkey’s national flower. Certain to stand out on Downtown’s skyline, the...
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 52 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: New Miami Condo Development Projects 2021 - Table of Contents New Downtown Miami Condo Development...
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...