Miami’s New and Pre-Construction Condo Update: November 2019
Dec 10, 2019 December 10, 2019
For the latest Miami Preconstruction news, Cipriani launched sales of Mr. C in Coconut Grove, we had two renowned developers announce plans to bring more luxury condos to mainland Miami, and meanwhile, closings started at Brickell Flatiron after receiving TCO. And, Edgewater’s Elysee inched closer to completion, topping off at 57 floors. Read on for details on these and more pre-construction condo updates for the last month below:
Sales have launched for this 121-unit project by the European hospitality brand Mr. C. Designed by the famed Cipriani family and developed by the Terra Group, the 20-story tower’s architecture will look like a sail thanks to Raymond Fort of Arquitectonica, with interiors by Meyer Davis. In the hospitality brand’s signature style, the residences will feature a contemporary spin on classic European living. Residents can expect ground-level retail, on-site café, garden-level lap pool, butler and lifestyle concierge, Body and Wellness center, including yoga, cardio, a Peloton studio and spas, game rooms, business centers, a private owner’s club, and more as part of this boutique luxury condo development.
Prices range between $500,000 and $5 million, with units ranging from 650 - 2,700 square feet
Brickell Flatiron has started closings after getting its Temporary Certificate of Occupancy (TCO) this November. Construction ended in October, making it the fourth tallest tower in Miami and a soon-to-be icon of the city. Built on a parcel nestled in the center of Brickell, architect Luis Revuelta designed as a modern homage to the iconic Flatiron building in NYC. Developer CMC Group is accepting a 30% deposit for units in this Fannie Mae-approved skyscraper.
Residents of the 527-unit, ultra-luxury glass tower will soon be able to enjoy a wide array of amenities including a sky pool with lounge, rooftop gym and spa, urban oasis rooftop garden, billiards room, cigar room, wine cellar, theater, ground-level Japanese entertainment restaurant, retail space, and more.
Prices range between $500,000 and $2.5 million, with a choice of one- to five-bedroom residences
Moving full speed ahead for a 2020 opening, Elysee topped off at 57 stories, offering dazzling views on Edgewater’s waterfront. With interiors designed by the renowned Jean-Louis Deniot, the distinctive glass tower is home to 100 half-floor condo residences providing ample floor plans. Some of the outstanding amenities planned for condo owners of the ultra-luxury tower include a 7th-floor wellness amenity and pool deck, a waterfront fitness center, children’s room, spa and beauty services, a 30th-floor Owners Sky Lounge with private theater/library, bar and lounge area, game room, wine room, personal attache, and much more.
Prices range between $1.5 million and upwards of $10 million, with a choice of three- to six-bedroom residences
Dan Kodsi’s Legacy Hotel and Residences at Miami Worldcenter – Downtown
After the successful completion and delivery of Paramount Miami Worldcenter, Dan Kodsi has announced plans to develop a 278-unit, 255-key condo-hotel at the Miami Worldcenter. Aiming for a June 2020 groundbreaking, Kodsi’s Royal Palm Companies is expecting to deliver the fully furnished residences within 32 months. Kobi Karp is the architect designing the 50-story tower.
Legacy’s residents will have the option to participate in the hotel’s rental program or rent out to short-term rental agencies such as Airbnb, Booking.com, and TripAdvisor. The deposit structure calls for 10% down. The mixed-use development will not only feature a hotel component with space for hosting special events, but also a dedicated wellness space offering “herbal baristas” as part of a 50,000 sq. ft. medical facility. Additionally, residents can expect access to a 1-acre pool deck with a “Singapore-inspired” infinity-edge pool jutting off the top, a rooftop atrium event space, and a business lounge.
Prices expected to range from $300,000 and $500,000, with a choice of studio to two-bedroom duplexes
Ian Bruce Eichner’s New Continuum Project – Downtown, Wynwood or Design District
Continuum on South Beach’s developer, Ian Bruce Eichner has announced plans to bring a brand-new luxury condo project to Miami’s mainland. Bearing the same name, the next Continuum will be designed by a starchitect new to Miami’s landscape, according to Eichner. The New York developer is still on the lookout for a suitable parcel in Downtown, Wynwood or Design District that would also have enough space for a significant amount of greenery.
Prices expected to range below $1,000 per sq. ft.
Developer Habitat Group secured a $24 million loan as construction went into full swing for this three-tower project. While two of Smart Brickell’s towers will house 50 luxury condos and 50 hotel rooms each, the third will feature rental apartments only. Amenities at this mixed-use development include two resort-style pools, a spa, Sky bar and restaurant, rooftop lounge and party room. Residents will further have the option to rent out up to 50 times a year as part of their flexible short-term rental program, even to the likes of Airbnb.
Prices range between $300,000 and $600,000, with a choice of one- to two-bedroom residences
Get ready for some more details on this branded condo-hotel, as its sales center goes under construction at 400 Biscayne Boulevard. Occupying 6,144 sq. ft., the massive sales gallery is set to feature 20-foot-high ceilings and expected to open in early 2020.
Once complete, the billion-dollar Waldorf development will become the tallest residential tower south of New York at 1,041 feet above ground. The 400-unit,140-key condo-hotel is being developed by PMG, Greybook Realty Partners, and S2 Development. While Sieger Suarez is designing the 98-story supertall tower, Carlos Ott will be the conceptual architect. Some of the amenities available at this skyscraper will include a ground-level atrium with world-class retail and restaurants, a unique health spa, pool, fitness center, and more.
Which of these pre-constructions do you think is worth the wait? Leave us your thoughts and comment below, or reach out to schedule a viewing.