Miami’s New and Pre-Construction Condo Update: July 2020
Aug 03, 2020 August 03, 2020
Last month in July, Miami’s construction landscape was busy. The long-anticipated Mr. C Residences in Coconut Grove and Smart Brickell’s second tower both broke ground, David Martin’s South Beach Marina Park is set for round two of approvals, Fisher Island’s Palazzo Del Sol developers announced a brand-new condo project, and much more. Read on for details on these and more preconstruction condo updates in our monthly roundup:
Smart Brickell Tower II - Brickell
With its ground breaking streamed live on Instagram, Smart Brickell’s second tower started construction last month in July. The LEED-certified towers come designed by Gensler, Miami’s-own HAC Architects and Urbanists, plus Arquitectonica Interiors incorporating a unique, “Smart” philosophy from lobby to rooftop.
Each fully-finished and furnished residence will come equipped with smart, Wi-Fi enabled tech such as smart fixtures, Amazon’s Alexa, and a SmartCondo concierge app. The entire complex, with its two condo-hotel towers and one rental building, is designed to utilize each and every square-foot smartly. Further, this Habitat Group development boasts of offering Brickell’s most flexible short rental program, allowing owners to rent up to 50 times a year as well as sublease to the likes of Airbnb.
The 50-condo, three-tower development is set to feature two resort-style pools, a spa, party room, Sky bar and restaurant, rooftop lounge, gym, and electric parking stations.
Prices start in the low $300Ks for the remaining one- to two-bedroom residences. Search available units here.
Approved by the FAA for a maximum height of 315 feet above ground in March, this first-ever large-scale residential project by the celebrated Mr. C hospitality brand broke ground last month. Developed by David Martin’s Terra Group, the 20-story maritime-inspired twin towers are aiming for a 2022 completion.
Designed by Arquitectonica and with interiors by the international Meyer Davis Studio, the sail-like towers will house 118 contemporary condo residences with a classic European twist in the hospitality brand’s signature style. Its long list of lifestyle-driven amenities includes a Mr. C café and specialty gourmet market, wellness lounge and juice bar, private Bellini bar on pool deck, signature spa with treatment rooms, whole-body fitness zones, indoor yoga studio, peloton studio, exclusive Bayshore Owners’ Club with club pool, garden-level lap pool, billiards room, Little C’s Children’s Learning & Adventure Lab, teen game lounge, business lounge, curated art pieces in the lobby and more.
Prices start in the low $600,000s and go up to more than $5 million, with a choice of one- to five-bedroom residences. Search available units here.
South Tower at The Estates at Acqualina – Sunny Isles Beach
With sales launched just this February, construction is moving full steam ahead as the South Tower in this $1.8 billion residential development topped out. The South Tower is a 52-story, 646-foot tall building, while construction of the boutique North Tower has reached the 29th floor. The luxury development is scheduled for completion in mid-2021.
Offering a combined 248 luxury condos between its north and south towers, residents will be treated to common areas designed by the late Karl Lagerfeld and 45,000 sq. ft. of activity-based amenities – highlights include a spa, world-class restaurant, boxing ring, ice-skating rink, four-lane bowling alley, golf simulator, Wall Street traders’ club room, Formula One racing simulator, surfing simulator, soccer field, speakeasy, movie theater, and cigar lounge.
Prices of remaining units range between $ 4.6 million and $11 million, while penthouses go upwards of $31 million. Search available units here.
David Martin’s 300 Alton Road “Marina Park” – South Beach
Scheduled for a November 3 ballot, Miami Beach voters will decide whether the condo tower part of Terra’s “Marina Park” plan is to be built or not. The 300 Alton Road project has completed its initial round of approvals. Submitting new designs for a sleeker building, the proposed tower will feature 60 luxury condos atop a narrow pedestal, with parking and commercial space, for better view corridors. If approved, the group will then go ahead with purchasing air rights for the tower at a price tag of $55 million for 0.3 acres.
Designed by Danish architect Bjarke Ingels, the mixed-use development is set to feature 275,000 sq. ft. of condo space, 45,000 sq. ft. of commercial/retail/office space, and 80 parking spots. The project also comes with a promise to feature a one-acre public park, a City-owned facility, eco-dock habitat, upgraded Baywalk, and more to enhance South of Fifth’s appeal as a premier yachting destination.
New Condos by Palazzo Del Sol developers – Fisher Island
Developer Fisher Island Holdings, LLC has submitted plans for a 9-story, 57-unit condo development along the northeast section of the island - where the current golf course and private ferry dock are housed. The 265, 629-square-foot, Kobi Karp-designed condo building will occupy 4.84 acres of land, which will require the current ferry landing to be filled in and relocated to the northwest side of the island.
Once approved, the proposed building will feature one- to three-bedroom residences along with 169 parking spaces and 93 golf cart spaces. Twelve single-family residences are also proposed to be part of the project. The homes are expected to take up a portion of the golf course, for which developers will pay the club $2.5 million in cash. Amenities will include two swimming pools, a café, a reading room, gym, and spa.
Developers Terra Group and Crescent Heights announced the start of construction on the three-acre Canopy Park part of their 500 Alton Road project this July. This is the first of three phases of construction for the Arquitectonica-designed project. The $8 million-park, with a summer 2021 completion date, is set to include a botanical garden, dog park, fitness area, event lawn, art pavilion and kids’ zone.
The Park on Fifth will be a $150 million condo or hybrid apartment tower, featuring 330 residences with expected delivery in the first quarter of 2021. It will also feature an adjacent two-story, 15,000 sq. ft. retail pavilion. The final phase will include the development of a $12.5 million commercial tower and bridge.
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