Miami’s New and Pre-Construction Condo Update: March 2018
Apr 29, 2018 April 29, 2018
Iconic pre-construction towers ruled the news this March. We saw the grand opening of Jade Signature, the Armani/Casa has reached halfway in construction and One Park Grove just broke ground. Read on for more details on these and other updates about the condo pre-construction market in Miami this March:
Nearly sold out, Jade Signature celebrated its grand opening this March. A fine performance by America’s Got Talent’s Yoli Mayor was accompanied by a Japanese drum show, fireworks, sumptuous hors d’oeuvres and dinner bars. The ready-to-move-in, oceanfront development features 192 condos spread across 57 stories. 5-star amenities include a beachfront deck with pools and cabanas, wine and reading lounges, exclusive clubroom, full-service spa, coed Hammam, yoga deck and more.
Prices for remaining units start at $4.8 million, and for sky villas and penthouses range between $14.2 million and $32.9 million
Sales were launched for Fisher Island’s last waterfront parcel this march. The ultra-luxury, boutique development houses 50 waterfront residences spread across 10 floors. It shares a “Central Park” with sister development Palazzo Del Sol, which includes outdoor tea gardens, a croquet lawn, bocce ball court, yoga lawn. Other highlights include a beauty salon, multiple pools, cabanas, pool bar, spa, fitness center, massage suites and more. Completion is aimed for summer of 2019.
Prices range from $6.5 million to $40 million, with a choice of three to seven bedroom residences and penthouses
The final tower in the Coconut Grove trio designed by OMA/Rem Koolhaas, One Park Grove broke ground this spring. The ultra-luxury development will come surrounded by a 2 acre sculpture garden designed by Enea Landscape Architecture. Residents will also have access to an on-site Michael Schwartz restaurant, exclusive lifestyle curated by Colin Cowie, multiple pools and much more.
Prices range from $1 million to $14 million, with a choice of two to five bedroom units.
Boutique condo by Turkish firm - North Miami
A six story, 67-unit development could be coming up in a single-family neighborhood in North Miami. The North Miami Planning Commission has approved plans for the first condo project of the area located at 840 Northeast 130th Street. Backed by Turkish developer OZ and BF, LLC, the project will now need the approval of the city council. Once approved, the boutique building will feature a rooftop pool and 96 parking spots among other amenities.
Vlad Doronin’s OKO Group recently announced plans for their second Miami project, Una. A 47-story, 135-unit luxury development, the condo tower will sit on a (almost) one-acre parcel in Brickell’s waterfront. Amenities include a beauty suite, third floor dedicated to three pools, an outdoor lounge, cabanas and grilling area, waterfront spa and fitness center, private marina, cinema and more. The luxury project will come designed by Adrian Smith + Gordon Gill Architecture of Saudi’s Jeddah Tower fame.
Prices start at $900,000, with a choice of 1,100 sq. ft. to 4,786 sq. ft. residences
Boutique Condos by Location Ventures - Coral Gables
Location Ventures is under contract to purchase a $16 million rental complex. The Coconut Grove based company wishes to turn the property into a boutique condo. The 13-story, 39-unit condo building will be named Villa Valencia. If the deal comes through, units would average 3,300 sq. ft. with prices beginning at $1.8 million. Amenities would include a pool, cabanas, Hammam spa, club room, gym, business center and access to private garages.
The Kolter Group is making sure things run smoothly for their 2020 delivery by securing a $25 million construction loan. The 46-story, mixed use 100 Las Olas is set to feature 121 condos, 238 Hyatt Centric hotel rooms and 8,500 sq. ft. of retail and restaurants on the ground floor. Amenities include a resort-style pool and cabanas, news lounge, club room with kitchen and bar plus more. At 499 feet, it will be the tallest building in downtown Fort Lauderdale once complete.
Prices range from $800,000 to over $2 million, with a choice of residences and penthouses
Fully sold out, the SLS Lux Brickell will begin soon with closings. The 450-unit luxury tower lays a huge emphasis on art with an exterior 40,000 sq. ft. mural by Fabian Burgos, along with works by sculptor Fernando Botero and lighting artist Ana Isabel Martinez. Residents will also get to enjoy an on-site Katsuya by sbe, a rooftop pool, outdoor theater, tennis court, rock climbing wall and exclusive access to Hyde Beach at the SLS Hotel South Beach.
With its foundation laid last May, the construction of the 212-unit Ritz-Carlton Residences has reached halfway to the top. 28 out of the 52 stories are now complete. The beachfront development features amenities like a 33rd floor private club with a media room, library, bar, lounge and guest suites, a 4th floor lap pool, two spas, an oceanfront wellness center, first-rate restaurant and kids club and more.
Prices range from $2.6 million to $30 million for penthouses, with a choice of two to four bedroom residences and penthouses
Another highly anticipated pre-construction has reached halfway to the top. With construction halfway vertical, this 56-story, 649-foot tall branded condo tower is slated for a 2019 completion. Amenities at the iconic tower include a professionally curated art collection, theater, an Armani Privé lounge, ocean-view bar area, pool with food and beverage service and much more.
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