Miami’s New and Pre-Construction Condo Update: March 2019

Miami’s New and Pre-Construction Condo Update: March 2019

Apr 16, 2019 April 16, 2019

In the month of March, the condo pre-construction market saw two buildings topping off. Elysee announced the opening of its new sales gallery. And, as promised last month, we feature two special offers that will help you save some when buying your next dream condo. Read on for details…

Top-off


The FairchildCoconut Grove

The Fairchild - Coconut Grove


The only upcoming waterfront luxury condo project in Coconut Grove celebrated its top off this March. At 75% sold, the boutique condo building is on track for a fall 2019 completion. Taking inspiration from the Fairchild botanical gardens, the 5-story building features lush gardens and a rainforest. Other amenities include a private marina, floating dock with paddleboards, an outdoor cinema, dog park, lounge, wellness spa with Hammam and rooftop pool with cabanas.

Prices for remaining units start at $2.2 million, with a choice of three- to four-bedroom residences


The Wave on BayshoreFort Lauderdale


The Wave on Bayshore - Fort Lauderdale



The 11-story Wave on Bayshore topped off this March. A block from the beach, the condo building features 18 luxury residences with views overlooking the ocean, waterways and Fort Lauderdale. With two parking spaces per unit and electric vehicle charging stations, other amenities here include a private club room, heated pool, rooftop sun deck, fenced dog park and self-serve dog wash facility.

Prices range between $1.25 million to $2.75 million, with a choice of two- to three-bedroom residences, penthouses start at $5 million

New Sales Gallery


ElyseeEdgewater


Elysee - Edgewater



Elysee announced the unveiling of its new sales gallery at 2955 NE 7th Avenue on April 9. On track for its 2020 opening, the 57-story glassy tower comes with 100 half-floor condos featuring a 7th floor amenity deck with pool, bar, yoga studio and children’s playground. Other amenities include a 30th floor Owners Sky Lounge equipped with a private theater/library, game room, wine room, bar and lounge area.

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

Lawsuits


Parque TowersSunny Isles Beach


Parque Towers - Sunny Isles BeachParque Towers - Sunny Isles Beach



Four buyers have sued developer J. Milton & Associates to get back their deposits as construction hits delays. The unfinished project features 320 condo units spread across two towers. Amenities include resort-style pools, an exclusive kids’ club, al fresco dining, private beach club, an outdoor event space, private screening room, limo services and much more.

Representatives of the developer say that the delays are owing to “unforeseen, geological issues”, and that the buyers are trying to get their deposits back only due to a slowdown in the condo market.

Prices range between $1,075,000 and $1,470,000, with a choice of two- to four-bedroom residences

Other Updates


ArborCoconut Grove


Arbor - Coconut Grove



Developers of this five-story condo building managed to nab a $20.66 million construction loan this March. The 52-unit boutique building is being developed in keeping with an “eco-living” theme, due to which it will feature a bike-sharing program, bicycle concierge, electric car charging stations and a yoga deck. Other amenities at this pet-friendly condo building include a lush courtyard pool, social lounge, rooftop lounge and pilates deck.

Prices start at $799,000, with a choice of two- to three-bedroom residences

Special Offers


The Reserve at Marina PalmsNorth Miami Beach


The Reserve at Marina Palms - North Miami Beach



A special developer residence closeout plan has been announced for the remaining 15 units at this 25-story building. Built on one of Miami’s few private marinas, the boutique condo construction features residences starting at $815,000 and penthouses starting at $1,350,000. The developer financing program will cover up to 60% of the purchase price, hoping to make the residences within reach for many.

Amenities here include a lavish spa and sauna, club room, yoga studio, business lounge, herb garden, butterfly garden, dog walk trail, children’s playzone, pool deck with resort-style pool, summer kitchen and grilling terrace.

Brickell Flatiron - Brickell


Brickell Flatiron



Deposit requirements have been lowered on this 527-unit luxury condo tower post its Fannie Mae approval. This is great news for domestic buyers, considering they can get in at as low as 30% opposed to the industry standard of 50%. The 64-story luxury tower features amenities such as rooftop spa and gym, sky pool plus lounge, rooftop garden, theater, billiard room, cigar room, wine cellar, artwork by Schnabel in public spaces, ground-level retail and more.

Prices range from $500,000 to $2.5 million, with a choice of one- to five-bedroom residences



Which one of these special offers do you think will benefit buyers (you!) the most? Share your thoughts below!

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Video: Take a Walking Tour of Edgewater, Miami
Lifestyle Video: Take a Walking Tour of Edgewater, Miami
Having spent almost 17 years in this mainly residential locale, Blackbook Properties’ luxury condo expert Sep Niakan takes you on his bright and sunny morning walk through this Edgewater, Miami, one of the city’s most popular waterfront neighborhoods.   Filmed in December, with a balmy winter morning temperature of 79° F/ 26° C, this scenic walking tour takes you through Margaret Pace Park and onto the Venetian Causeway. Besides being popular among walkers, joggers, and runners, the bayfront Margaret Pace Park is also a hot favorite among dog lovers, picnickers, and sports enthusiasts. The 8-acre park features two lighted tennis hard courts, two sand volleyball courts, one basketball court, personal fitness equipment, a gated playground, and more. The Venetian Causeway connects the mainland to Miami Beach, and again, makes a scenic seaside escape to clear your mind or simply absorb the sights and sounds of Miami. Watch the video to walk along. If you want see available units...
Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
Real Estate News Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
It’s a trend we’ve been talking about since the last quarter of 2020 - waves of buyers are contributing to one of the biggest real estate booms in Miami history. As individuals and businesses escape high tax states like New York and California, and have the freedom to work from any location, luxury condo developers in Miami are announcing new project after new project.   Miami condo developers announced more than xx new and relaunched condo projects last year in 2021. In an attempt to appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable, and could bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s a look at the latest condo projects proposed in Miami in 2021 (till the time of this post): New Miami Condo Development Projects 2021 - Table of Contents New Downtown Miami Condo...
Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Real Estate News Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Brickell is one of Miami’s most desirable and popular neighborhoods, known the world over. Starting at the junction of the Miami River and Biscayne Bay, extending from Downtown Miami south along the water to the Rickenbacker Causeway that leads to Key Biscayne, Brickell is now known as the “Manhattan of the South.”  Indeed, Brickell is one of the world’s most important international financial hubs, home to many transnational companies and professionals from around the world. But Brickell is more than just Miami’s Financial District and the largest global banking center in the US south of New York. It’s an ultimate live, work, and play destination, and many celebrities have made their home in Brickell, including such Latin pop icons as Luis Miguel, Jennifer Lopez, and the late José José, as well as salsa legend Marc Anthony. To really get to know Brickell, and also know where you might want to live, Brickell actually consists of subdivisions that exist as distinctly different...
Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Preconstruction Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Combining the luxuries of New York City’s oldest hotel brand with Miami's first residential supertall tower, the Waldorf Astoria Residences Miami will transcend and transform luxurious living in Miami – all in the heart of Downtown. Moreover, a joint venture between the developers (PMG) and city will including expanding the green spaces in front of the luxury tower along Biscayne Boulevard, transforming the main boulevard of the Miami.  Waldorf Astoria Residences will be the tallest building south of Manhattan, transcending the skyline here and the heights of Miami luxury as we know it today.  Watch the video for more information.   Waldorf Astoria Residences Miami Key Details Groundbreaking: Early 2022 ​​Completion: 2025 Architecture by: Carlos Ott (conceptual artist) & Sieger Suarez (Miami’s award-winning architects). Designed to look like 9 offset crystal cubes, this sculptural condo-hotel is set to redefine Miami’s skyline. Interiors by: San Francisco’s...
Miami’s New and Pre-Construction Condo Update: December 2021
Real Estate News Miami’s New and Pre-Construction Condo Update: December 2021
Developers have turned bullish in Miami, and not without reason. Considering the booming luxury housing market with heightened buyer demand from the Northeast, California, and other high-tax areas, along with strong international interest as well, developers are on the fast track to bringing condo projects to life. This December, sales for Midtown’s Standard Residences and Smart Brickell’s third tower were launched. Downtown’s Aston Martin Residences topped out, becoming Miami’s tallest-ever condo (at least for the time being, before more supertalls top off). Developers announced a slew of luxury condo projects from Brickell to South Beach. Edgewater’s Aria Reserve and Downtown’s E11even Hotel & Residences filed for construction permits. Also, Melo Group bought an entire block in Downtown Miami, while Little River is ripe for redevelopment. Read on for details on these and more updates in our Miami condo pre-construction market roundup for December 2021:   December 2021 -...
10 Most Exclusive Oceanfront Condos in Miami Beach
Real Estate News 10 Most Exclusive Oceanfront Condos in Miami Beach
For anyone accustomed to or looking to live in Miami or Miami Beach, an oceanfront residence is usually at the top of their list. For many, this type of luxury is complete only when it offers five-star amenities in an outstanding location with utmost privacy. And while there are plenty of Miami Beach condos that give access to breathtaking water views, fine sand beaches, world-class dining and entertainment, there are a handful of exclusive residences that make for the most sought after buildings, including the best designer interiors, expansive floor plans, high-end amenities, and an exclusive lifestyle. This article was last updated on January 4, 2022. Here’s our list of the Ten Most Exclusive Oceanfront Condos in Miami Beach that deliver the crème de la crème of beachfront living: Setai - 2001 Collins Ave, South Beach Average sales price - $2,732/sq. ft.Making a bold and lavish statement are the residences at the Setai condo-hotel. Its 163 ultra-luxury residences are housed...