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

The 5 Most Luxurious Condo Buildings in Edgewater, Miami
Real Estate News The 5 Most Luxurious Condo Buildings in Edgewater, Miami
Surrounded by the eight-acre Margaret Pace Park, Edgewater is one of Miami’s favorite neighborhoods if you want to be close to everything, including the water. The previously low-key area has emerged as one of the most desired locations for luxurious, waterfront living in Miami, with some of the most elegant and sought-after new condo developments on Biscayne Bay. Now, to know which are the best condos in Edgewater, Miami, we are ranking the top five most luxurious buildings in this family-friendly neighborhood to give you an idea of the quality of life, level of design and construction, and price point you can expect if you’re looking at a tranquil, yet high-end, bayfront residence in Miami’s best kept secret neighborhood. First, let’s take a look at the neighborhood itself. This article was last updated on Jul. 17, 2024.   — Why Choose Edgewater, Miami? It is one of the hottest Miami neighborhoods right now for several reasons: It’s close to everything. Living in...
The Future of Downtown Miami: Exclusive Interview with Miami DDA's Christina Crespi
Lifestyle The Future of Downtown Miami: Exclusive Interview with Miami DDA's Christina Crespi
At Blackbook Properties, we are passionate about our city’s growth and love to stay on top of what’s happening next in Miami, so we can keep you updated on future Downtown Miami developments. This time, we visited the Miami DDA (Downtown Development Authority) for an exclusive interview with our friend and CEO Christina Crespi to gain insights on all the behind-the-scenes action that’s making Downtown Miami the most thrilling live-work-play-invest destination of the future. Grab a coffee or tea and listen to what she had to say to our very own Sep Niakan, Miami realtor and founding broker of Blackbook Properties!     You’ll discover in our new video interview how the Miami DDA—Miami Downtown Development Authority—was initially focused solely on this core neighborhood’s economic development. However, in recent years, it has evolved into a community development authority that aims to create a great quality of life for its residents and maintain a positive business environment. Plus...
June 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction June 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
South Florida’s pre-construction condo market was abuzz with activity this June. One Hollywood Residences launched sales after a design upgrade and rebranding. Lynd Living started taking reservations for the centrally located Aileron Residences in Dania Beach. And buyers can now tour the exquisite interiors and customizations available at Icon Beach’s new sales gallery. Also this month, the highly anticipated Entourage in the Sun broke ground in Pompano Beach, Selene Oceanfront topped off in Fort Lauderdale Beach, and more news in our complete June 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach. Read on below. Sales Launched One Hollywood Residences – Hollywood Taking Reservations Aileron Residences – Dania Beach New Sales Gallery Icon Beach Residences – Hollywood Beach Topped Off Selene Oceanfront – Fort Lauderdale Beach Broke Ground Entourage in the Sun – Pompano Beach Planned/Proposed Oculina – Riviera...
The 5 Most Luxurious Condos in Surfside, Miami
Real Estate News The 5 Most Luxurious Condos in Surfside, Miami
Surfside is a small seaside community immediately north of Miami Beach and just south of Bal Harbour. It’s a tight-knit community that cherishes its ocean-front living options, beach walks, community center, and overall quality of life.  In our years of experience as a boutique brokerage in South Florida, we’ve seen a growing luxurious side to this beach town that has brought us top-tier residences tucked inside some of the most sought-after oceanfront buildings. In this blog, we’ve ranked the top five most luxurious condos in Surfside, Miami, according to their average listing price and we list all their amenities to help you know this coastal community better This article was updated on July 1, 2024. — Why Choose to Live in Surfside? This family-oriented beach town is perfectly positioned between the glamorous Bal Harbour and world-famous Miami Beach. A pocket-sized neighborhood, Surfside is somewhat of an extension of Bal Harbour and is favored by those looking for a mix of...
All of the Ritz-Carlton Residences in Miami, Miami Beach and More
Real Estate News All of the Ritz-Carlton Residences in Miami, Miami Beach and More
One of the most renowned brands within the hospitality industry, The Ritz-Carlton has a long history of being top of mind when it comes to sophistication, attention to detail, and service. They have made it their mission to stand out with these attributes in their hotels and their residence-only condos, The Ritz-Carlton Residences, are no different. When you own in one of these exclusive enclaves, you can expect a living experience and home with the utmost quality, personalized attention, lifestyle enhancements, and unique moments that make your life a luxurious and curated experience. If this sounds like your way of living, you’re in luck because South Florida, with its amazing landscapes, culture, and weather, has five Ritz-Carlton Residences for you to choose from, with two more in pre-construction development—one in Pompano Beach and one in South Beach.  In this blog, we’ll go through all of these incredible properties so you can learn more about what makes each one of them...
Miamians Favorite Places to Watch the Fourth of July Fireworks in 2024
Events Miamians Favorite Places to Watch the Fourth of July Fireworks in 2024
Nothing says summer in America like the Red, White, and Blue, and a hot July night that brings everyone together. Yes, we’re talking about the best show in town, the 4th of July fireworks. And in Miami, if you love a fabulous fireworks show, you’re in for a treat because many spectacular shows have several options for watching the fireworks in Miami. From Downtown to South Beach to Key Biscayne, we’re sharing our favorite best places to watch the 4th July fireworks in Miami in 2024! And don’t worry, we’re even letting you know a few things to do in Miami for the 4th of July, including the beloved Key Biscayne 4th of July Parade, which is great for kids.  Get your sparklers ready; it’s going to be a blast! — Where to Watch Fireworks in Miami in 2024 First, as tried and true Miamians, who’ve seen many a fireworks show here, we’ve got some general pointers on where to watch the many 4th of July fireworks in Miami so that you're sure to get an amazing view of, likely not just one...