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

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

Nov 25, 2017 November 25, 2017

Check out who got sent back to the drawing board and who started vertical construction this October. Here’s looking at all that went on during Halloween month in Miami’s condo pre-construction market.

Groundbreaking


Missoni Baia - Edgewater

Staying true to its brand image, Missoni Baia had quite an unconventional start to its groundbreaking. The ceremony kicked off with a man on a jet pack whisking away the saxophone player to perform mid-air. This is Missoni’s first-ever residential venture. The luxury condo tower will soar 57 stories, bringing 249 branded residences to Edgewater. Highlights include interiors by the Italian fashion house, 5 swimming pools, flow-through deck with cabanas, elevated tennis court and access to a members-only in Key Biscayne.

Prices start at $500,000, with a choice of one to five bedrooms

Missoni Baia
Photograph : Courtesy of Missoni Baia
 

Aston Martin Residences - Downtown

The Aston Martin Residences broke ground at 25% sold this October. DJ Irie kicked off the event with a confetti blast and fireworks. This is the first residential project by the luxury car makers from Bond. Announced to soar 66 stories with 391 luxury condos, residents will also have access to signature textures and styling from Aston Martin, a rooftop helipad, super yacht marina, two-level ocean-view fitness center, full service spa, 55th floor infinity-edge pool, private club and more.

Prices range from $600,000s to $50 million, with a choice of one to four bedroom-units, penthouses and a duplex penthouse.

Aston Martin Residences
Photograph : Courtesy of Aston Martin Residences

 

Planned


Condos Designed by Carlos Zapata - Arts and Entertainment District

A new condo project designed by Carlos Zapata (of Ho Chi Minh’s Bitexco Financial Tower fame) is in the pipeline for Downtown. 457 condos will come housed in a 45 story tower, with a neighboring 11-story tower carrying 150 hotel rooms and 30,000 sq ft of office space. The project has already received its go-ahead from Miami’s Planning, Zoning, and Appeals Board.

Condos by José Isaac Peres – Mid-Beach

After being sent back to the drawing board by the design review board, Brazilian billionaire José Isaac Peres is back with changes to his condo development. The developer has re-submitted plans with provisions for public access to the beach, reduction in building width by 5 feet and a new façade. The new 17-story building is being designed by Arquitectonica and will feature 89 condo residences.
 

Approvals


Luxury Condos by P&O Global Technologies - North Bay Village

The village commission approved North Bay Village’s first condo project this October. The 19-story, 54-condo building will rise on a waterfront parcel on Harbor Island. Developed by Malaysia-based P&O Global Technologies, the project will be self-financed, unlike most Miami pre-constructions that require presales for funding. The approval came after the commission prescribed a couple of measures to make the structure more palatable to its neighbors. Architect Juan Azulay plans to give each unit at least two bedrooms with two view exposures. Also, there will be no more than 4 three-bedroom units per floor.

Expected starting price $650 per sq. ft.
 

Boutique condos by 1414 West Avenue LLC – South Beach

The Miami Beach Design Review Board approved a 14-unit condo project proposed by 1414 West Avenue. The 5-story boutique development won approval on waivers to incorporate mechanical car lifts and increase the maximum lot coverage to include an enclosed garage. The modern building is envisioned with cantilevered balconies and a rooftop deck. Units will range from 672 sq. ft. one-bedroom/one-bathroom condos to 1,315 sq. ft. three-bedroom/two-and-a-half bathroom units.
 

Other Updates


Eighty Seven ParkNorth Beach

Renzo Piano Building Workshop’s first residential project in U.S. has started its upward ascent with vertical construction now in full swing. It was the first obvious step for Terra Group after having secured an extra $63.8 million loan this September. More than 60% of the 66 units are already sold out. Amenities here include the lobby-level Enoteca bar serving botanically-inspired drinks, pool with cabanas and towel service, oceanside Fugo Bar and a relaxing spa, among others.

Prices range from $1.6 million to $15.2 million, with a choice of one to five bedrooms

Eighty Seven Park
Photograph : Courtesy of Eighty Seven Park
 

Elysee MiamiEdgewater

October brought great news for folks at Two Roads Development (the people behind Elysee). First, the developers were able to secure a $16.5 million construction loan. And second, they immediately put it to good use by starting the foundation work. Elysee is set to soar 57 stories over Biscayne Bay, delivering 100 half-floor luxury residences to the waterfront. Highlights include amenity spaces designed by Jean Louis-Denoit, a lap pool with bar, children’s lounge, and 30th floor full-scale Owners Sky Lounge including a game room, wine room, chef’s kitchen, lounge area and bar, dining room plus library.

Prices range between $1.5 million and $10 million, with residences measuring 2,300 to 4,000 sq ft

Elysee Miami
Photograph : Courtesy of Elysee Miami
 

Paramount Miami WorldcenterDowntown

Construction is in full swing at Paramount Miami Worldcenter and developers plan to keep it that way. Nitin Motwani and Art Falcone nabbed a loan of almost $33 million from the Bank of the Ozarks. The mixed-use development sits on a 27-acre lot in Downtown. Construction is underway on the tower, retail and apartment buildings. Amenities attached to the condo development include a yoga studio, racquetball court, basketball half-court, pool deck, dog park, soccer field, food market, jam room with recording studio and a ‘Sky Deck’ with its own set of pools, a lounge, observatory and Tai Chi deck.

Prices range from $3.5 million to $9.5 million, with a choice of four to five bedroom penthouses and duplexes.

Paramount Miami Worldcenter
Photograph : Courtesy of Paramount Miami Worldcenter


Have any other updates to report for October? Let us know in the comments below. Or, share which one of these pre-constructions has you excited?

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

How to Spend the 4th of July in Miami & More Summer Events 2022 - Miami Swim Week, Rolling Loud Miami, Swedish House Mafia, Ballet Festival
Lifestyle How to Spend the 4th of July in Miami & More Summer Events 2022 - Miami Swim Week, Rolling Loud Miami, Swedish House Mafia, Ballet Festival
Summer is hot in Miami and so are the events. We’ve got all you need to celebrate July with a bang! With an overflowing events calendar this summer, you’ll be spoilt for choice. Continuing with Miami Hotel discounts and topping those with Miami Spa special savings, you won’t be able to resist a weekend or two for self-care. Music lovers of every sort are in for a treat as the Rolling Loud Fest, Miami Salsa Festival, MB Classical Music Fest, Seaside Summer Fest, and Swedish House Mafia hit the stage in Miami. There are also plenty of summer camps and activities to keep the kiddos blissfully busy. Not to forget, the Fourth of July is right around the corner and Miami’s night sky is going to be lit with fireworks and the sweet smell of all-American barbecues. Check out our special curation of Independence Day events to make the holiday even more spectacular. And, read more below for a complete list of Top Things to Do in Miami this July 2022: Things to Do in Miami - July Events at a...
The 5 Most Luxurious Condo Buildings in Downtown Miami
Real Estate News The 5 Most Luxurious Condo Buildings in Downtown Miami
Downtown is, and continues to evolve as, one of Miami’s top neighborhoods, especially because of its central location to all that Miami has to offer, its views of Biscayne Bay, and its major public transportation hubs. In recent months, developers have been delivering world-class projects with unmatched luxuries in this urban core.  Today, a host of ultra-luxury buildings call Downtown Miami home, and we’ve listed the 5 Most Luxurious Condo Buildings in the neighborhood that set the bar for top-notch living. We’ve also included a few bonus pre-construction condo buildings that will provide even more luxurious lifestyle options for you to choose from if you’re looking to move to Miami or invest in this international city. Last updated on June 23, 2022 Why Choose Downtown Miami? Downtown is home to some of Miami’s best art, culture, shopping, entertainment, and social hotspots. It not only ties for #1 on our 11 Most Walkable Neighborhoods in Miami report, but is also the best...
Video: Agent Faves - Our 3 Favorite Condo Buildings in Sunny Isles Beach, Miami
Video Blog Video: Agent Faves - Our 3 Favorite Condo Buildings in Sunny Isles Beach, Miami
Close enough to all the action in Aventura and Miami Beach, yet far enough removed from touristy chaos, Sunny Isles Beach has turned into a darling for luxury developers in recent years. This upscale seaside community is home to an enviable collection of luxury-branded, high-rise condo towers, such as the Porsche Design Tower, Estates at Acqualina, Mansions at Acqualina, Turnberry Ocean Club, Muse, Jade Signature, and each one more luxurious and beautiful than the next. But we have a few that top our list of favorites. Check out Blackbook Properties’ Condo Specialist and licensed agent Vera Berezhnaya talk about her top 3 favorite luxury condo buildings in Sunny Isles Beach: Residences by Armani/Casa What we love about this building? Every unit in this oceanfront high-rise features a summer kitchen.  Milan couture meets Miami charm in this 66-story ultra-luxury high-rise. Besides affording private beach access, this 649-foot glass tower features 308 designer condos with interiors...
The Top 10 Miami-Area Beachfront Condos in Preconstruction Right Now!
Real Estate News The Top 10 Miami-Area Beachfront Condos in Preconstruction Right Now!
What’s more popular than Miami and South Florida’s sensational beaches these days? It’s our upcoming beachfront properties that are topping wishlists across the globe – luxury created for buyers from New York to New Zealand!  Regardless of whether you’re looking to move to the beachside for dazzling morning-to-night water views, instant access to a yachting lifestyle, or simply for bragging rights – an oceanside home in South Florida tops the wishlist for many - there are several upmarket projects on the horizon that offer you an oceanfront address. With developers eager to stay relevant in Miami and South Florida’s growing condo market, there are plenty of luxury, oceanfront condo preconstruction projects in the pipeline. Here’s our list of the Top 10 Upcoming Luxury Beachfront Condo Projects in Miami and Pompano Beach: Miami and South Florida’s Beachfront Condo Preconstruction projects at a glance: The Perigon - Mid-Beach Bentley Residences - Sunny Isles Beach St. Regis Residences...
Video: Comparing Miami’s Best Neighborhoods - Coconut Grove vs Brickell
Video Blog Video: Comparing Miami’s Best Neighborhoods - Coconut Grove vs Brickell
When most people are thinking about moving to Miami, two super popular neighborhoods are Coconut Grove and Brickell. These two neighborhoods are pretty much neighbors, and only about a 5-10 minute drive separates them. But they are very different and offer completely different lifestyles and vibes. So, how can you know if Brickell - the Manhattan of the South – is right for you? Or will the laid-back and tropical Coconut Grove neighborhood be better? Check out our video comparing these two Miami neighborhoods to help you decide which one could be your next home.  Coconut Grove vs Brickell While both areas provide plenty of variety in housing options, they also offer differing lifestyles and benefits. We’ve provided a comparison of these two popular Miami neighborhoods based on categories we think are important to living a good quality of life – things like lifestyle, parks and green space, shopping, entertainment and culture, walkability and transportation, and cost of living...
42 Pine: Boutique luxury and Kosher-friendly in Miami Beach
Preconstruction 42 Pine: Boutique luxury and Kosher-friendly in Miami Beach
It’s beautiful. It’s boutique. It’s Kosher-friendly. And, it’s in Miami Beach. Developer JP Roosevelt LLC, an entity managed by New York’s Boylmelgreen family, recently launched early sales and secured a $35.5 million loan to start the boutique condo project in the exclusive Pine Tree Drive area of Miami Beach. At only 8 stories, 42 Pine will offer 1 - 3 bedrooms residences, starting at 700 square feet and going to 2,700 square feet. Set for a 2023 completion, early friends and family pricing start at $700,000. Its eight exquisite penthouses start from $4 million.  Designed to offer modern luxury for Jewish residents, 42 Pine will feature gourmet Kosher kitchens, offerings two sinks, two sets of appliances, and separate cabinets for meat and dairy dishes – a true one-of-a-kind condo project in Miami Beach. 42 Pine: A Luxurious Hill Town in Miami Beach  42 Pine will be an 8-story condo community with 50 move-in-ready residences. Designed by Miami’s award-winning Arquitectonica,...