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
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
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
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
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
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.
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
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.
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