Miami’s New and Pre-Construction Condo Update: May 2017

Miami’s New and Pre-Construction Condo Update: May 2017

Jun 19, 2017 June 19, 2017

There was a lot going on in Miami’s condo pre-construction market this May. Foundations have been laid, two top-offs have been accomplished, Merrick Manor had a change of sales team and Naranza Edgewater is currently open for sales. Read all about these and more, below:
 
Ground-breaking

Bijou Bay HarborBay Harbour Islands

The glassy and luxurious Bijou Bay Harbor broke ground this May, starting its journey to bring understated elegance to its island community. The 41-unit, waterfront development from Ability by Acierto and Conexo Immobiliario is just down the street from the Bal Harbour Shops. The project is already 70% sold. Amenities include a rooftop lounge and pool, Bayside lounge and fire pit, outdoor bar plus dining and private boat slips.
 
Prices start at $600,000, with a choice of one to three bedrooms, each with den

Bijou in Bay Harbor Islands
Photograph: Bijou Bay Harbor - Exterior rendering

Bijou Bay Harbour
Photograph: Bijou Bay Harbor - Exterior rendering
 

Foundation Pour

Ritz-Carlton ResidencesSunny Isles Beach

A 22,000 sq. ft. foundation has been laid for the 212-unit Ritz-Carlton Residences to go vertical upon. Co-developed by Fortune International Group and the Chateau Group, this waterfront development is aiming for a mid-2019 completion. Amenities include a 33rd floor private club with a media room, library, bar, lounge and guest suites as well as private beach amenities. The ultra-luxury building will also feature a 4th floor lap pool, two spas, an oceanfront wellness center, first-rate restaurant and kids club.
 
Prices range from $2.5 million to $30 million for penthouses, with a choice of two to four bedrooms

Ritz Carlton
Photograph: Ritz-Carlton Residences - Exterior rendering
 

Top-Offs

Paraiso BayviewsEdgewater

The Paraiso complex in Edgewater is finally shaping up as a second of its four towers tops off this May. The first to complete vertical construction was Paraiso Bay. The 43-story tower is 90% sold. It boasts of contemporary appeal, sheer glass balconies and interiors designed by Karim Rashid. The amenity list here includes a beach club, marina, tennis courts, boardwalk, club room, Michael Shwartz restaurant and more.

Paraiso Bayviews
Photograph: Paraiso Bayviews - Exterior rendering
 
Aria on the Bay - Edgewater

Moving closer to completion, the 648-unit Aria on the Bay has topped off at 53 stories. This Melo Group development is aiming for a 2018 completion and is 80% sold. The mixed-use development sits opposite the Margaret Pace Park and will feature 20,000 sq. ft. of office, retail and restaurant space in its lower floors. Residents will be treated to two sunrise/sunset pools, indoor/outdoor social room, a sun deck and lounge area, BBQ area and outdoor fire pit, game room, teen lounge and more.
 
Prices range from the $400,000s up to $6 million, with a choice of one to four bedrooms. Deposits slashed to 20% for residences $1million and upward.

Aria on the Bay - Edgewater
Photograph: Aria on the Bay - Exterior rendering
 

Crane Down

RivaFort Lauderdale

The cranes are down and construction is now officially complete on the riverfront Riva condos. After topping off last month, all doors and windows are in place. The 100-unit, 15-story building is developed by Deckelbaum’s Premier Developers. 70% presold, amenities at this mid-rise include street-level commercial space, a 400 ft. long river walk, a water sports center, private boat slips, and a 40,000 sq. ft. club deck occupying the fourth and fifth floor with party kitchen/lounge, private wine lockers, a dog park and lap pool. The riverside boutique condo hopes to welcome residents later this summer.
 
Prices range from the $700,000s to over $3 million, with a choice of two to three bedrooms and penthouses.

Riva Fort Lauderdale
Photograph: Riva Condo - Exterior rendering
 

Proposed

New 16-story Condo Tower – 5775 Collins Avenue, Mid-Beach

Mid-Beach’s Marlborough House will be replaced with a brand-new 16-story condo tower housing 86 units and 185 parking spots. The company behind the development is owned by Brazilian billionaire Jose Isaac Peres. Arquitectonica has been roped in for design. The project is pending review by the Miami Beach Design Review Board this June. With a two-story underground garage, the proposed condo can run into trouble with the city’s planning and zoning department that has approved underground parking restriction in the wake of sea levels rising.

5775 Collins Avenue, Mid-Beach
Rendering of a planned condo at 5775 Collins Avenue, Mid-Beach
 

Other Updates

Merrick ManorCoral Gables

Merrick Manor has found its new sales team in One Sotheby International Realty. Previously, the Astor Real Estate Group was handling sales for the 227-unit luxury development. The 10-story building is 50% presold, will feature 19,000 sq. ft. of retail, and is aiming for an early 2019 completion.
With Astor moving towards the commercial side, One Sotheby was brought in to handle its residential component. Construction has currently reached the second floor. With interiors by Steven G., residents can also expect a fourth-floor club lounge, business center and resort-style pool and deck to be part of this boutique building.
 
Prices range from the $500,000s to $3 million, with a choice of one to five bedrooms

Merrick Manor Corql Gables
Photograph: Merrick Manor
 
Naranza at Edgewater - Edgewater

A block from the Bay, this boutique condo is under contract (from reservation phase) and already 20% sold. Boasting of a central location, the 19-story and 137-unit condo building offers a flexible rental policy. Residents will have access to a 75-foot resort-style pool, relaxation and yoga deck, multipurpose club room, lounge terrace and rooftop water feature among others.
 
Prices start in the low $300s per sq. ft., with a choice of one to three bedrooms, each with den

Naranza at Edgewater
Photograph: Naranza at Edgewater - Exterior rendering
 

Issues & Lawsuits

Biscayne BeachEdgewater

Sued for debris-related physical damage
It’s just been a month since Biscayne Beach received its temporary certificate of occupancy, but developers are already being taken to court. The condo association of neighboring Bayside Terrace along with the Plaza Construction Group and Baker Concrete Construction have alleged that the building exterior, landscaping and residents’ cars have suffered direct physical damage due to construction debris. A lawsuit is filed in the Miami-Dade Circuit Court. Read more here.

Biscayne Beach
Photograph: Biscayne Beach - Exterior rendering

Aston Martin ResidencesDowntown Miami

Off-site private beach club on hold
What could have been one of the most unique amenities could now turn into a distant memory. Developers G & G Business Developments failed to secure approval for an off-site beach club at the Virginia Key Beach Park. Residents would have been ferried to the $4 million pavilion that would feature a public events space and members-only enclave. The Virginia Key Beach Park Trust wants the venue open to and owned by the public.

Aston Martin Residences
Photograph: Aston Martin Residences - Exterior rendering

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

Save on Your Miami & Florida Property Taxes with This Video!
Real Estate News Save on Your Miami & Florida Property Taxes with This Video!
Did you know that property taxes can’t ever increase more than 10% for investors in Florida? Information nuggets like this can easily shave thousands of dollars off your property tax bill in South Florida! In our latest video, Sep Niakan, founder and lead broker of Blackbook Properties, talks to CPA and Miami tax expert, Christian Daulong about the simplest ways to save money on your real estate taxes in Miami, Florida. There’s a lot to take away from this, so permanent residents, second homeowners, and investors, take note!     As a Miami homeowner, we want what’s best for YOU! That's why we’re sharing our top Florida property tax tips (try saying that fast!) for primary homeowners, second homeowners, and even investors. With these recommendations, you’ll make the most out of your South Florida property, so you can fully immerse in Miami’s vibrant culture and beautiful beaches smartly and with financial peace of mind. Learn how to maximize your benefits from the Homestead...
Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Preconstruction Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Miami, it’s time to get hyped about hypercar luxury residences with the groundbreaking fusion of the hyper-automotive industry and architecture through the creation of Pagani Residences. Nestled in the picturesque North Bay Village, this exclusive development marks the world's first collaboration between Italian hypercar icon Pagani Automobili and Miami-based real estate developer Riviera Horizons. And it continues the trend of luxury car branded-residences, which has brought Miami the likes of Aston Martin Residences in Downtown Miami, Bentley Residences in Sunny Isles Beach, and of course, Porsche Design Tower, where residents drive up to their condo homes with its patented Dezervator elevator system.For Pagani’s first venture into the real estate world, Miami’s iconic skyline and global appeal make the perfect backdrop, and in this blog, you’ll find out why Pagani Residences Miami promises a living experience that is engineered to live up to its hypercar luxury name. —...
March 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction March 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
As developers announced and launched exciting new projects, luxury condo development continued booming in South Florida. This month, partners Related Group and BH Group launched sales for West Palm Beach’s first Ritz-Carlton Residences condo development. The developer duo further launched sales for Icon Beach and won approval to build another condo-hotel in Hollywood Beach. Further, Ari Pearl swapped his plans to build a rental tower at The Club at Emerald Hills golf course with brand-new condos and villas. Read below to find details on these and more projects in our March 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach: — March 2024 – Fort Lauderdale Condo Pre-Construction Market at a Glance Sales Launched Ritz-Carlton Residences – West Palm Beach Icon Beach Residences – Hollywood Beach Approved Diplomat Landing Hotel (Tower 2) – Hollywood Beach 1920 Pierce – Downtown Hollywood Planned/Proposed Sage Residences – Fort...
Complete List of Miami Condos with Tennis Courts
Lifestyle Complete List of Miami Condos with Tennis Courts
Tennis has been a favorite sport to enjoy throughout your life. But often it's hard to play at home – you've got to find a racquet club or local tennis complex. So if you're looking for Miami condo buildings that have tennis courts, since enjoying the sport and staying fit is a top priority, we get it. And the convenience of having a tennis court onsite is a big bonus. Since home is where the heart is, having a private tennis court right at your condo doorstep can be one of the biggest motivation factors whether you like to play for fun, fitness, or serious competition. So, for all tennis enthusiasts out there, here's a full list of Miami condos that give their residents exclusive access to tennis courts, whether hard, grass, or clay, as part of their range of amenities. — Miami Condo Buildings with Private Tennis Courts Building name Address Neighborhood City  Year Built Sq. Ft. Range # of courts 1000 Venetian Way 1000 Venetian...
Explore the Understated Elegance at Rivage Bal Harbour with Our Video Tour
Video Blog Explore the Understated Elegance at Rivage Bal Harbour with Our Video Tour
Join us for a tour of the gorgeous new sales gallery of the upcoming Rivage Residences in Miami’s Bal Harbour. Sep Niakan, founding broker of Blackbook Properties, interviews Rita Collins, sales executive at Rivage Bal Harbour, where they talk about all the hand-picked finishes, customizations, and one-of-a-kind luxuries that set this boutique project apart. It will be the next icon in oceanfront living!     — Setting New Standards of Luxury Living on the Beach Rivage welcomes you to a glamorous world of customizable finishes and thoughtful curations that make it a true villa. With only 56 sprawling residences (or less, as first buyers can combine units), this 25-story tower will deliver true boutique living on one of Miami’s most pristine beachfronts. Renowned interior designer Lauren Rottet provides a range of finishes, from wood to marble, or light to dark cabinetry, among other options, transforming each water-facing unit into a place you can instantly call home. Perfect for...
New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Opinions and Advice New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Finding and moving to a new home can be a strenuous experience, even when you like the change you’re making. This is more so when you have an emotional condition or disability and part of your treatment involves having an Emotional Support Animal (ESA). In this case, finding a new home comes with a whole new set of challenges only you and your furry friend can know. And no one needs the added fear and stress of possibly being denied housing or being discriminated against for owning an ESA. Thankfully, a new Florida law on emotional support animals that went into effect July 1, 2020, explicitly states what you and your current/prospective landlord or HOA can and cannot do regarding Emotional Service Animals. The law applies to all condos, apartments, and rental homes. Last updated on March 27, 2024. Photo courtesy of Oleg Ivanov Here’s how the 2020 Florida ESA law empowers both sides:  — ESA Rules: What a Florida Landlord Can & Cannot Do A Florida landlord cannot deny...