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

Best Pre-Construction Miami Condos with Private Marinas
Preconstruction Best Pre-Construction Miami Condos with Private Marinas
Miami stands out as an internationally acclaimed haven for boat owners. It offers vast stretches of pristine turquoise waters, ideal for unforgettable days of sailing, cruising, sport fishing, and nautical adventure. And one of the most coveted treasures of living in Miami is the opportunity to dock your vessel at your own private marina or boat slip, just steps from your residence.  However, many existing Miami condos with a boat slip for sale are often in older buildings, making them not as desirable as a brand-new, pre-construction condo, where you would be the first to live in a new, luxurious waterfront condo building. So we’ve done your homework for you, and in this guide, we’ve created a list of the best pre-construction Miami condos with private marinas.  — What to Know About Mooring Your Boat in Miami Although boating in Miami is a highly popular activity, securing a spot for your boat can be challenging, inconvenient, and lack exclusivity. Depending on your vessel’s size,...
The Most Luxurious Condo Buildings in Coconut Grove
Real Estate News The Most Luxurious Condo Buildings in Coconut Grove
Coconut Grove is not just about rich foliage, Florida bungalows, and old Spanish or Mediterranean estates. It’s also home to a growing number of thoughtfully designed luxury residences crafted by world-renowned architects.  For a taste of this historic neighborhood and its plush properties, we’ve listed the five most luxurious (and most expensive) projects that perfectly fit your Coconut Grove condo for sale search goals, plus exciting pre-construction condo projects around the area that set the bar high for phenomenal living in this elegant and highly desirable bayfront part of Miami. — Why Choose Coconut Grove? The partly coastal neighborhood of Coconut Grove sits along Biscayne Bay and is characterized by lush, tropical foliage and a relaxed yet sophisticated bohemian vibe. Its collection of boutiques, unique shops, colorful cafés, diverse restaurants, historical venues and estates, nationally ranked schools, lush parks, and cultural events like the Coconut Grove Arts Festival...
March 2024: Miami New Development and Pre-Construction Condo Update
Preconstruction March 2024: Miami New Development and Pre-Construction Condo Update
Four iconic condo projects launched sales this March. From Miami’s first rock and roll-themed Rider at Wynwood to Coconut Grove’s exclusive Four Seasons Residences, every condo project has been curated to offer a unique lifestyle in Miami’s evolving residential landscape. This March, hypercar maker Pagani announced its first-ever residential venture in partnership with Riviera Horizons. Four highly anticipated projects broke ground, including 600 Miami Worldcenter, JEM Private Residences, and Origin by Artefacto. And a key ruling that could impact condo bulk buyouts across South Florida was also revealed. Read on below for details on these and more exciting updates in our Miami pre-construction market roundup for March 2024: Sales Launched Four Seasons Private Residences – Coconut Grove The Rider at Wynwood – Wynwood La Maré Bay Collection – Bay Harbor Islands Solina Bay Harbor – Bay Harbor Islands To Be Launched Pagani Residences – North Bay Village One Twenty Brickell –...
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...
Where to Find the Lowest Property Taxes in Miami
Opinions and Advice Where to Find the Lowest Property Taxes in Miami
Miami’s growth has skyrocketed over the years as more people choose to live here for its incredible weather and low taxes. But many people considering buying Miami real estate wonder what the property tax rates in Miami are. Moreover, most people don’t love talking about property taxes. When looking for a home, buyers focus more on living aspects, like the square footage, layout, amenities, outdoor space, or kitchen upgrades. Still, buyers must pay attention to property tax rates as part of their purchase and, once they become owners, as part of their budget. If you’re considering buying a condo or house in Miami or Miami Beach, this guide will help you compare property tax rates in the most popular neighborhoods around the cities, and show you where to find the lowest property taxes in Miami-Dade County in 2024.  — Know Your Miami and Miami Beach Property Tax Rates In Miami-Dade County, property tax notices are sent out each year on October 30th. Below are the updated property...
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. —...