Miami’s New and Pre-Construction Condo Update: June 2020

Miami’s New and Pre-Construction Condo Update: June 2020

Jul 02, 2020 July 02, 2020

In this June Miami Pre-construction condo update, we have Downtown’s much-anticipated Legacy Residences announcing a pandemic-proof wellness amenity, North Beach’s Monaco launching its sales gallery, and Biscayne Corridor’s Apeiron finally getting the green light for development. Read on for details on these and more updates in our condo preconstruction roundup for the month:

New Sales Gallery



Monaco Yacht Club & Residences – North Beach

Monaco Yacht Club & Residences – North Beach


After breaking ground this February, the nautically-themed condo project in North Miami Beach unveiled its sales gallery at 6897 Collins Avenue in June. Developer Optimum Development USA hopes to bring a taste of the Côte d’Azur to Miami with this boutique, Europe-inspired project. Home to only 39 luxury residences, the bayfront building comes designed by Arquitectonica and interiors by Piero Lissoni.

Scheduled for a 2021 completion, each unit at this 12-story development is positioned to feature direct water views. The resort-style amenities on offer include a resident’s lounge with library and breakfast bar, rooftop terrace with pool and Jacuzzi, yoga space, a 12-slip private marina, yachting concierge, and more.

Prices range from $1.1 million to over $8 million, with a choice of one to four-bedroom residences

Contracts Underway



Quadro – Design District

Quadro – Design District


This recently converted (rental to condo) building is now in the process of signing contracts after its sales gallery reopened June 1st. The resort-style complex by Alta Developers features two, 12-story boutique buildings with a total of 198 condos. The turn-key residences come with amenities such as a Bluetooth keyless entry system, access to 542 site-specific artworks throughout the building, a swimming pool, yoga and spinning rooms, a poolside club room, car charging stations, pet washing facilities, and more.

Prices start at $398,000, with a choice of studios to two-bedroom residences
 

Other Updates - Health + Wellness Amenities



Legacy Hotel and Residences – Downtown

Legacy Hotel and Residences – Downtown


In the wake of recent events, developer Dan Kodsi (Royal Palm Companies) has announced that its latest condo-hotel offering will feature a
100,000 sq. ft., $60M health and wellness center called Center for Health + Performance (CH+P). Expected to break ground alongside Legacy this fall, the medical center will be outfitted to deal with any future pandemics, putting many-a-buyer’s worries at ease.

The 278-unit, 255-key project is part of the Miami Worldcenter development and is scheduled for a fall 2023 completion. The newly announced wellness facility will feature a medical center with ventilators, surgery rooms, MRI, CT Scan, X-Ray, Ultrasound and other services. Unit owners will have access to CH+Ps medical facilities, diagnostic center, onsite lab, and doctors. The hotel rooms will further be equipped with medical facilities to treat post-surgical patients and guests.

Designed by Kobi Karp, the 50-story tower brings the concept of microLUXE living to Miami. Boasting of minimal rental restrictions, owners will be able to rent out their units to home-sharing websites such as Airbnb or Booking.com or simply participate in the hotel’s rental program. Other amenities at this unique concept include a one-acre, ninth-floor pool deck, a 45th-floor “Singapore style” sky pool hanging off the edge, America’s largest rooftop glass atrium with seven stories housing indoor palm trees, a restaurant, lounge, and bar, plus a members-only international business lounge. 

Prices are expected to range between $300,000 and $500,000, with a choice of studio to two-bedroom residences

Sales Milestone



Villa Valencia – Coral Gables

Villa Valencia – Coral Gables


It seems as if the ultra-luxury development’s 
April incentive to offer an exclusive, limited-time zero-finance offer to buyers may have worked, as it is now 25% sold. Closing $12 million worth of sales in just 30 days from mid-April to mid-June, this Location Venture development has posted strong sales.

Each of the 39 units in this luxury development will come integrated with a Delos DARWIN Home Wellness Intelligence network, which delivers fresh and clean air, energizing light, and pollutant-reduced water to its residents. Villa Valencia is the first US condo to partner with Delos DARWIN. Other amenities include a pool deck with summer kitchens, entertainment areas, a library, garden, and dog park. Completion is estimated for August 2021.

Prices range between $1.65 million to $14.9 million, with a choice of three- to six-bedroom residences

Litigation Ruling



Apeiron at the Jockey Club – North Biscayne Corridor

Apeiron at the Jockey Club – North Biscayne Corridor


After almost five years since being announced, this luxury condo project is finally seeing some light at the end of its development tunnel.
Winning a key ruling in the appeals court against its two neighboring condo associations that were contesting building rights, developers can now move forward with the 45-story, 120-unit planned condo tower. (You can read more about the litigation here.)

Designed by architect Rafael Moneo, Apeiron is to be built on 13 acres of common grounds - part of the 22-acre Jockey Club complex with three existing condo buildings. Amenities at this waterfront luxury tower will include a full-service spa, expansive health and wellness facility, tennis courts, outdoor pools, on-site artist studios, on-site private dining, a 38-slip, mega-yacht deep-water marina, and more.

Proposed Tower



Flamingo Point – South Beach

Flamingo Point – South Beach


AIMCO, the trust that owns the multi-family community of Flamingo Point, has proposed the
addition of a new luxury residential tower to the north side of its property. The waterfront site is perched between 14th and 16th Street off of West Avenue.

The new luxury tower is proposed to be a 300-foot tall, 24-story, elegantly designed, narrow building with only 33 to 37 residences. With its height approval pending, it is yet to be seen whether it will be developed as a rental tower or condo since the South Tower on the property is a mix. The site is also home to a 513-apartment Central Tower and all rental North Tower, which is currently undergoing a complete renovation.

Probable Luxury Mixed-use Project



Rubell Family Site - Wynwood

Rubell Family Site - Wynwood


Wynwood is gearing up to welcome more office and residential space as 5 sellers are under contract to sell a total of 15 parcels on 29th Street and 1st Avenue. Manhattan-based L&L Holding Company, along with its Miami partner Carpe Real Estate, plan on closing the deals within a year to build a mixed-use project.

Going after a 3-acre assemblage where the former Rubell Family Collection gallery used to be (which has now moved over to Allapattah), the developers intend to build a luxury residential building, a Class A office tower, as well as indoor and outdoor retail space. However, there is no confirmation yet on whether the residential tower will be a condo or rental building.



Love a condo you see? Email or call us to have an expert guide you through the process of buying preconstruction in Miami or read our comprehensive guide 
here.

Contact Sep Niakan
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Miami Luxury Condo Market Report Q4 2020: Sales Skyrocketed
Real Estate News Miami Luxury Condo Market Report Q4 2020: Sales Skyrocketed
View the most up-to-date market reports. Take me there now!   The numbers are in for the busiest quarter for luxury condos in over 6 years! Closing the year on an extraordinary note, Q4 2020 Miami Luxury Condo Sales skyrocketed, reclaiming all the lost sales we saw from mid-year 2020 due to the coronavirus (read here about Q2 2020) and then some. And, as sellers offered discounted prices, buyers purchased the Miami luxury condo inventory at record numbers, bringing inventory levels lower to those before 2019. As a result, the days on market also dropped for most neighborhoods over the fourth quarter and on an annual basis. With market dynamics changing drastically over the last quarter, we expect Miami's luxury condo market to move out of its long-standing buyer-friendly position and move into a more balanced climate over 2021. And, annual numbers are in support as well. Read on for an in-depth breakdown of the annual and Q4 2020 luxury condo market trends based on data on sales,...
Mortgage Pre-Approval Process FAQs: Everything You Need to Know
Opinions and Advice Mortgage Pre-Approval Process FAQs: Everything You Need to Know
Looking for a new home or condo always has an element of excitement to it. But many people often feel apprehensive when it comes to how they will finance it and the entire process of being approved for a mortgage, especially if you are a first-time homebuyer. So, what is a mortgage pre-approval? How do you get a letter of pre-approval? How long will it stay valid? We’ve put together a list of frequently asked questions about the mortgage pre-approval process to help you get the house you love and approved for your mortgage. Read on to find out answers to these and more ‘frequently asked questions’ along with key insights into the pre-approval process. What does it mean to get a Mortgage Pre-Approval or to be Pre-approved? Being pre-approved or having a mortgage pre-approval letter means you have written proof from a lender that they have reviewed your finances, buying power and credit-worthiness, and are willing to work with you to finance your next home purchase. Simply put, it...
2020's Top 10 Condo Sales in Miami
Real Estate News 2020's Top 10 Condo Sales in Miami
Living in any urban core comes with an undeniable set of perks, especially in a city like Miami. In mainland Miami, you’re not only close to all the financial action, but also close to all the arts, culture, shopping, dining, and entertainment options that a global city has to offer, and all set in a waterfront city. Couple that with a condo residence that comes loaded with designer interiors, extravagant floor plans, breathtaking views and some of the finest amenities in the northern hemisphere, and you have everything you need to live the good life. So, how much does buying a key to the good life cost these days? We’ve rounded up the most expensive condo sales in Miami in 2020 to give you a peek at what luxuries accompany these high-profile residences. These chart-topping luxury condos range from penthouses on the beach to multiple units in Zaha Hadid’s last architectural masterpiece. In fact, the most expensive luxury condo of 2020 was bought by one of the most famous power...
The 5 Must-Visit Miami Farmers' Markets
Lifestyle The 5 Must-Visit Miami Farmers' Markets
Everything about visiting a Farmer's Market is rewarding. Where else can you find perfectly fresh produce and have a chat with the very minds that grew it? Visiting a farmers market is even more than just buying directly from the source. Live music, pop-up food stands with delicious bites, and cooking demonstrations are just a few of the brilliant things that you can find at farmers' markets in Miami. In essence, farmers' markets are a blend of cultures and ideas that attract all walks of life and lend to the lifestyle everyone loves about living in Miami. The fresh (and tasty) produce you can take home is the perfect bonus! Vizcaya Village, Coconut Grove, Sundays Ph. miamiandbeaches.com  The Vizcaya Farmers Market runs every Sunday from 9:00 to 2:00. The event is located just across the street to the Vizcaya House entry and is free to attend. Not only is the Vizcaya market in a beautiful location, it is also ripe with history with buildings dating back to 1914. There are around 20...
2020’s Top Luxury Condo Sales of Miami Beach
Real Estate News 2020’s Top Luxury Condo Sales of Miami Beach
An oceanfront residence in Miami Beach has long been the pinnacle of luxury living. In 2020, we saw many buying into that vision. In fact, several record sales were made last year in Miami Beach. It’s no wonder this list of the 10 most expensive condo sales of 2020 in Miami Beach is filled with luxury residences sitting directly on the water that capture the peacefulness, serenity and nature-filled ideal of an oceanfront lifestyle From a penthouse once owned by Oprah Winfrey to the largest condo residence in Fisher Island, some of the most impressive residences in Miami Beach are part of this top-of-the-charts list. And in a new trend highlighting Miami Beach’s northern neighborhoods, the most expensive luxury condo that sold for $37 million, is two-story penthouse part of a new construction in the quieter and more relaxed North Beach. Read on for details on the rest of the most expensive luxury condos sales of Miami Beach in 2020:   Unit N-821 at Surf Club Four Seasons - $12.65...
The Most Luxurious Condo Buildings in Mid-Beach (Miami Beach)
Opinions and Advice The Most Luxurious Condo Buildings in Mid-Beach (Miami Beach)
Mid-Beach might be known as the quieter counterpart to South Beach, which affords it a more laid-back, residential lifestyle. The upscale neighborhood comes with its own unique flavor of arts, performances, entertainment, and architecture. Especially after the introduction of the Faena District, there has been a flurry of activity in this desirable Miami Beach neighborhood that’s anchored by Art Deco and MiMo-style hotels and buildings lining our sugar-sand beaches. This flurry has further attracted an influx of starchitects and big-budget developers to build more modern, luxurious structures to please its ever-growing community of global citizens. So, what constitutes luxury living in Mid-Beach? Here’s looking at the top 5 most luxurious condo buildings of the Miami Beach neighborhood and all they have to offer: Why Choose Mid-Beach? Mid-Beach offers all the perks of living in Miami Beach, with the added advantage of being tucked away from the much busier South Beach. With more...