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

Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
Miami’s New and Pre-Construction Condo Update: June 2018
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty

Jul 22, 2018 July 22, 2018

The highly-anticipated SLS Lux Brickell is finally open to residents. Muse is moving ahead with closings. And, Canvas is nearly complete. Read on for details on these and which condo project got scrapped this June…

Grand Opening

SLS Lux Brickell - Brickell

The opening bell was rung at the SLS Lux Brickell this June in the presence of 300 attendees. Chef Katsuya Uechi served dinner by the pool deck with cocktails from S-Bar to complete the celebrations. Closings for more than 400 units of the tower were completed within 2 months, and the Related Group managed to pay off its $166 million loan.

The 450-unit luxury tower features an LED façade by lighting artist Ana Isabel Martinez among other works of art. Residents can now enjoy access to amenities like the 180-seat Katsuya, 85-seat S-Bar, rooftop pool, outdoor theater, tennis court, rock climbing wall and exclusive access to Hyde Beach at the SLS Hotel South Beach.

SLS Lux Brickell
Photograph: Courtesy of SLS Lux Brickell

Closings Underway

MuseSunny Isles Beach

Closings are now underway at the recently completed Muse. The visually stunning boutique-style high-rise features only 68 condo residences spread across 47 floors. Amenities include a vanishing edge pool, spa, resort-style poolside food and beverage service, oceanfront breakfast gallery, residents’ lounge, fully automated parking system and more.

Prices range between $4.8 million and $17.5 million, with a choice of two- to five-bedroom residences

Muse Sunny Isles Beach
Photograph: Courtesy of Muse

Topped Off

Arte by Antonio CitterioSurfside

The first US building by Italian architect and designer Antonio Citterio has topped off. This 12-story condo building features only 16 private residences. Taking luxury up a notch, even the parking spaces at this exclusive condo building will come air-conditioned. Amenities here condo include a spa, indoor and outdoor pools, golf simulator, multi-use club room, tennis court and more.

Arte by Antonio Citterio
Photograph: Courtesy of Arte by Antonio Citterio

Gone Vertical

Elysee MiamiEdgewater

The Elysee tower started its vertical ascent after the foundation pour in June. Two Roads Development is pushing for a 2020 opening. The 57-story, glassy exclamation point-like tower will house 100 half-floor condos. Amenities at this standout structure include public spaces designed by Paris-based Jean Louis-Denoit, a 7th floor amenity deck with pool, bar, yoga studio and children’s playground. There will also be a 30th floor Owners Sky Lounge equipped with a private theater/library, game room, wine room, bar and lounge area for residents to enjoy.

Prices range between $1.5 million and upward of $10 million, with a choice of three- to five-bedroom residences

Elysee
Photograph: Courtesy of Elysee Miami

Construction Status

Hyde Beach HouseHollywood Beach

At over 50% complete, construction has reached the 24th floor at Hyde Beach House. This 40-story tower will feature 265 resort-condo units and 77 stellar units. Brazilian interior designer, Debora Aguiar instils a cool urban vibe to its common spaces. The luxurious resort-condo tower will feature original works of art from the likes of Aureliano Parra, Felipe Echeverri, Aldo Chaparro and Gonzalo Fuenmayor.

Amenities include an Aqua Club with direct access to the intracoastal and water sports, expansive pool deck with semi-private cabanas, outdoor movie theater with lounge area, multi-use sports club for tennis, basketball and racquetball, private rooftop lounge, exclusive health spa, access to the Hyde signature restaurant with craft cocktails and VIP access to the Hyde Beach Kitchen & Cocktails Beach Club.

Prices range between $430,000 and $1,000,000, with a choice of one- to three-bedroom residences

Hyde Beach House
Photograph: Courtesy of Hyde Beach House

CanvasArts & Entertainment District

Aiming for a summer opening, the Canvas tower is nearing completion. It’s sky-high, 100-foot dog park and art adorned hallways are already complete. Murals from over 20 street artists come curated by Daniel “Krave” Fila and splashed across its hallways. It’s ground-level restaurant bar “Esotico Miami” is expected to open by fall. Other amenities include sunrise-sunset pools, eco-friendly gardens, yoga gardens, Zen treatment rooms, multi-media screening rooms and much more.

Prices range between $390,000 and $654,000

Canvas
Photograph: Courtesy of Canvas



Other Updates

Spark - Edgewater

Developer Spider Investments decided to cancel its condo project in Edgewater this June. The 27-story, 54-condo tower was 50% presold. The developer put the site up for sale, with a price tag of $7 million, after returning buyers’ deposits.

Spark Edgewater
Photograph: Courtesy of Spark



Subscribe for monthly updates on such and more condo pre-construction news in Miami.

Recent Posts

The Most Luxurious Condo Buildings in North Beach
Real Estate News The Most Luxurious Condo Buildings in North Beach
Luxury means different things to different people, but high-end living usually demands high-end prices. So, to gauge which are the most luxurious condo buildings in North Beach, we’ve ranked the top 5 most expensive buildings of the neighborhood and given you a sneak peek into the kind of lifestyle you can expect in North Beach condo living. Why Choose North Beach? Bandshell - North Beach, Miami FL. Photo courtesy of MiamiAndBeaches.com North Beach is best known for its family-friendly vibe and is positioned firmly between the sensationalism of South Beach and high-end shopping at Bal Harbour. Historically, this has been the sleepy cousin to South Beach, but has been going through a renaissance of late with the addition of new constructions and planning of the city center. Away from the chaos, this laidback part of town boasts of crowd-free beaches, a great golf course, musical events at the North Beach Bandshell and scenic walks along the boardwalk.  The Best of the Best Condos...
Miami’s New and Pre-Construction Condo Update: July 2019
Real Estate News Miami’s New and Pre-Construction Condo Update: July 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 Museum – Downtown 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...
A Short Guide to VA Approved Condos in Miami
Real Estate News A Short Guide to VA Approved Condos in Miami
It only makes sense that those who have served the country get some perks and benefits to make life easier. A VA home loan is one of those benefits. It is the best kind of mortgage available, since it requires no down payment (up to a certain limit), no mortgage insurance, has low interest rates, low closing costs and is easier to qualify for than any other loan out there. Veterans can use their VA home loan to finance a condo, townhome, or single-family home. However, financing a condo comes with a little twist. Since you can only use your VA home loan to finance a VA approved condo, here are a couple of things you should know:  We’ve included a complete list of VA approved condos in Miami at the end of this article to give you a jumpstart on your home owning process. If you want to see a list of VA approved condos in Miami, jump down here :) Cité - Edgewater, Miami FL What is a VA Approved Condo? A condo development submitted to and approved by the Department of Veteran...
The Most Luxurious Condo Buildings in Bal Harbour
Real Estate News The Most Luxurious Condo Buildings in Bal Harbour
Bal Harbour condos have always been known to be some of the finest in town. But, what’s so special about these premium addresses that makes them so pricey? We’ve listed the Top 5 Most Luxurious Condo Buildings in Bal Harbour and the outstanding amenities they have that sets them a class apart. Below are the top condos ranked from least to most expensive. Why Choose Bal Harbour? Bal Harbour has always been one of the most coveted oceanside addresses in Miami. Just like the Shops at Bal Harbour are known for showcasing only high-end brands, the neighborhood too is known for housing only the world’s finest residences. Privacy and exclusivity are a given with a Bal Harbour address. Though this ultra-luxury neighborhood has its own tranquil beachfront, it also benefits from being just a 20-minute drive away from South Beach’s spoils and the mainland’s culture and shopping destinations. The Best of the Best Condos in Bal Harbour Palace at Bal Harbour – 10101 Collins Avenue, Bal...
Why Are Luxury Condo Sales Surging in Downtown Miami as Sales Weaken in Miami Beach?
Opinions and Advice Why Are Luxury Condo Sales Surging in Downtown Miami as Sales Weaken in Miami Beach?
Move over Miami Beach, there’s a new rising star on the block. For long, Miami Beach has been the hot favorite for property seekers in Miami. Whether it’s been about purchasing a permanent residence or getting a second home, South Beach properties have always sold out like hot cakes. On the other hand, Greater Downtown (Edgewater and Brickell included) has mostly been a second-best option to South Beach and Miami Beach, possibly out of necessity, with proximity to work being the biggest motivator for local buyers. But, as we’ve been tracing luxury condo trends over the last couple of years via our quarterly market reports, we noticed a reversal. The Greater Downtown area is now emerging as the top favorite among luxury condo seekers. Here are some reasons we are seeing this new trend: Numbers Speak: Miami Beach vs. Greater Downtown Miami Over the past couple of quarters, sales trends in Greater Downtown Miami have been marching ahead, even as those in Miami Beach slowed down....
Massive Lawsuits Won by Miami Condo Associations Mean Awesome Upgrades for Condo Owners and Residents
Real Estate News Massive Lawsuits Won by Miami Condo Associations Mean Awesome Upgrades for Condo Owners and Residents
Recently, a handful of condo associations have scored massive windfalls thanks to lawsuits leveraged against insurers and developers. This is obviously great news for condo associations, and it also usually means that the associations' finances will likely be great for years to come. This in turn translates into improved living conditions for residents of those buildings, since these windfalls provide opportunities for condo associations to make major repairs and improvements that benefit residents.  Oftentimes, the amount of money they win does not actually need to be spent entirely on the issue that motivated the lawsuit (many times the repairs have already been made by the time the lawsuit is settled). This provides a great opportunity for the condo to either fill their reserves and avoid special assessments on future capital improvements and maintenance projects, or simply spend money doing awesome upgrades on various things. Cité Law Suit Settlement Cité in Edgewater In...