Miami’s New and Pre-Construction Condo Update: March 2020
Mar 31, 2020 March 31, 2020
March came in with big news as developers celebrated the grand opening of Sunny Isles’ ultra-luxury Residences by Armani/Casa. Downtown’s Aston Martin Residences made headlines for flying down Britain’s Chef Brown to demonstrate their designer kitchen appliances. The Edge on Brickell project has been revived. And, Island Bay got a step closer to construction with a utilities deal. Read on for details on these and more Miami condo pre-construction updates from March.
Residences by Armani/Casa – Sunny Isles Beach
Developers Armani Group, Related Group and Dezer Development celebrated the grand opening of their 56-story, designer tower with a weekend party featuring Pitbull. Highlights of the evening included a Giorgio Armani fashion show, and of course, live performances by Mr. 305 himself.
Having paid off its construction loan and with only a handful of closings left, residents are now free to move in and enjoy their Armani-branded interiors plus their posh Miami lifestyle. The ultra-luxury skyscraper represents the fashion brand’s first-ever venture in the U.S. Residents will now be able to enjoy a host of five-star amenities, including design elements handpicked by Giorgio Armani, a two-story Armani Spa and fitness center, a professionally curated art collection, an oceanfront restaurant and bar, a temperature- and humidity-controlled wine cellar, private movie theater, Armani Privé concierge, and more.
Prices range from $1.6 million to over $17 million for a Giorgio Armani-furnished penthouse with complimentary trip to meet Armani in Italy
Mr. C Residences – Coconut Grove
After the grand opening of its sales gallery last month, developers are making serious progress on Mr. C Residences -- receiving FAA approval this March. The twin 20-story towers can now be built to a maximum height of 315 feet above ground.
Developed by Terra Group, the sail-like towers come designed by Arquitectonica and interiors by Meyer Davis Studio. Its 301 condos will feature the hospitality brand’s signature style of contemporary residences with a classic European (read Italian) twist. Highlight amenities include curated art pieces in the lobby, signature café and specialty gourmet market powered by food and beverage from Mr. C, a wellness lounge and juice bar, private Bellini bar on pool deck, whole body fitness zones, indoor yoga studio, peloton studio, signature spa with treatment rooms, plus an exclusive Bayshore Owners’ Club with club pool, garden-level lap pool, billiards room, Little C’s Children’s Learning & Adventure Lab, teen game lounge, and much more.
Prices start in the low $600,000s and go up to more than $5 million, with a choice of one- to five-bedroom residences
62-story tower by JDS Development - Brickell
Preliminary site plan: Two commercial towers. Photo courtesy of Shop Architecture and Kobi Karp
JDS Development announced this March that it plans to bring a 62-story, 1,000-unit, 200-key luxury condo-hotel to Brickell’s western edge. SHoP Architects and Kobi Karp Architecture will comprise the design team.
Preliminary site plan: Rendering of renovated Southside Park. Photo courtesy of Shop Architecture and Kobi Karp
The tower is set to feature 60,000 sq. ft. of spa and wellness space, 250,000 sq. ft. of office space, and 1,650 parking spaces. The Brickell-area project will also include upgrades to Southside Park and a state-of-the-art firehouse. Its proximity to the Underline and Brickell Metrorail Station is expected to draw buyer attention as well as street-level interaction.
Preliminary site plan: Miami fire station, two commercial towers and a renovated Southside Park. Photo courtesy of Shop Architecture and Kobi Karp
The Edge on Brickell – Brickell
Photo rendering courtesy of Kobi Karp
After changing hands, it seems this narrow piece of riverfront property is finally making headway. Demolition is now underway at the site, after developer Brick Group acquired a permit in December last year.
The planned riverfront tower is set to rise 58 stories with 198 hotel rooms and 70 residential condos. Designed by Kobi Karp, the slim tower will also feature two restaurants – one rooftop and the other ground-level.
Island Bay - Edgewater
With its utilities deal in place, this 60-story twin tower project by the Melo Group is one step closer to construction. Designed by Arquitectonica, the façade of both towers will feature unique zig-zag patterns and have a lighting scheme for the night, adding to Miami’s skyline.
While it could take the project two to three years to get all its permits in place, for now, the development is expected to rise 648 feet on Edgewater’s last vacant waterfront parcel. The residential tower is set to include 792 condos and 12,600 sq. ft. of retail while connecting to the Baywalk. Residents will also get easy access to the water as small docks with steps are being designed for kayakers and paddle boarders to walk up ashore.
Aston Martin Residences – Downtown
G&G Business Developments made sure audiences took notice of the addition of luxury kitchen amenities to their branded residences. Inviting Britain’s acclaimed Chef Justin Brown to their sales gallery, the cooking demo commemorated traditional English recipes cherished by the Royals, served alongside Gaggenau’s stainless steel appliances and Bulthaup cabinets.
With its first glass installed last month, the 66-story high-rise is on track for a 2022 completion. Featuring a unique wind-sail design, the ultra-luxury tower is designed to offer residents signature Aston Martin touches throughout its common areas, the only deep-water superyacht marina in Downtown, a sky lounge, infinity pool, spa, two cinemas, an art gallery, barber station, kids’ room, optional butler service, and more.
Prices start at $750,000 for condo units, while penthouses are available for $50 million
Ten30 – South Beach
Developer Shoma Group closed on a $17.6 million construction loan for its boutique condo offering. Planned to offer moderately priced condos in highly sought-after South Beach, Ten30 is set to rise four stories high with a total of 43 residences. Amenities include a 6,000 sq. ft. rooftop deck, lounge, and outdoor kitchen with barbecue and yoga space.
With developers looking to make the project more affordable for domestic buyers, its initial deposit requirements have been lowered to 15%. Further, qualified domestic buyers can get up to 97% financing.
Prices start in the low $400,000s, with a choice of studios to two-bedroom residences
Eighty Seven Park – North Beach
With closings started this January, developer Terra Group has already paid off its $155 million construction loan with more than 90% of residences sold. Such a quick recovery simply points to the high-demand of this recently completed condo offering.
Eighty Seven Park represents the first residential venture in the U.S. by Pritzker Prize-winning architect Renzo Piano. Its plush interiors and luxuriant exterior living spaces come designed by the Paris-based studio of Rena Dumas Architecture Interieure (RDAI). The oceanfront building stands 18 stories tall with 70 designer residences. Its amenities include a two-acre private park, direct beach access, swimming pool with cabanas and towel service, Enoteca (wine lounge), a second swimming pool with outdoor café and juice bar, a salon, full-time botanist, gym and spa.
Prices for remaining residences range from $2 million to $10 million
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