Miami’s New and Pre-Construction Condo Update: October 2019

Miami’s New and Pre-Construction Condo Update: October 2019

Nov 13, 2019 November 13, 2019

Supertalls took over pre-construction news this Halloween month. The tallest in the city – Okan Tower won construction approvals. The fourth tallest in Miami, Brickell Flatiron celebrated its completion milestone. The Turnberry Ocean Club, one of the tallest on the Atlantic Coast, topped off. And, the tallest in Edgewater, Missoni Baia snagged a $243 million construction loan. Read on for details on these and other condo pre-construction updates for the month of October below:

Completed

Brickell Flatiron - Brickell

Brickell Flatiron - Brickell


At 736 feet above ground, Brickell Flatiron now
stands complete. It is the fourth tallest building in Miami, just behind Panorama Tower (868 feet above ground), Four Seasons (around 800 feet), and the Southeast Financial Center (764 feet).

With closings beginning shortly, 95% of the tower is already sold out. The 64-story skyscraper is home to 527 ultra-luxury condo residences, offering high-end amenities such as a sky pool with lounge, rooftop gym and spa, urban oasis rooftop garden, billiards room, theater, cigar room, wine cellar, ground-level London-based 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

Topped Off

Turnberry Ocean ClubSunny Isles Beach

Turnberry Ocean Club - Sunny Isles Beach


Topping off at 640 feet above ground, Turnberry Ocean Club now ranks amongst the tallest buildings to sit on the Atlantic Coast, according to its developers at Fontainebleau Development. The 54-story tower is home to 154 masterfully designed condo units by Carlos Zapata. With 70,000 sq. ft. of amenities spread across six floors, residents will be treated to a sky club with two pools and spas, a social and dining level, a spa and fitness level, coffee bar and reading lounge, kids' club, stock trading lounge, off-site Turnberry Marina, and much more.

Prices range between $3 million and $35 million, with a choice of three- to six-bedroom residences

Approved

Okan TowerDowntown

Okan Tower - Downtown


Another super-tall getting ready to compete for the crown of 'tallest in Miami' - Okan Tower
won approval on an expedited life and safety review part of its construction permit filed in September. Rising 890 feet above ground, the skyscraper will be home to 399 residential units (of which 236 will be condo-hotel), 316 hotel rooms, 65,828 sq. ft. of office space, and 2,915 sq. ft. of retail space.

Residents of the 70-story tower can expect a full spectrum of amenities including three swimming pools, a pool bar and lounge, a full-service spa with Hammam, screening room, cigar room, co-working spaces, kids' club, and more. The hotel rooms and condo-hotel will be managed by Hilton and be known as the Hilton Miami Bayfront.

Prices start at $359,000, with a choice of studios to three-bedroom residences

Other updates

Natiivo - Downtown

Natiivo - Downtown


As
developers submitted plans to the Urban Development Review Board this October, more details came to light on this Airbnb-backed condo-hotel project. The first-of-its-kind in South Florida, plans for this 51-story tower revealed the following:

  • Rising 588 feet above ground
  • Total of 604 units, of which 400 will be condo, with an average size of 782 sq. ft.
  • Approximately 137K sq. ft. of office and retail space
  • Nine-level podium with two lobbies, restaurant, retail, and driveway on the ground level; service area on the mezzanine level; valet parking on levels 2, 3, and 4; and office spaces on levels 5 to 8

Prices start at $300,000, with a choice of studios to three-bedroom residences

Missoni Baia - Edgewater

Missoni Baia - Edgewater


The OKO Group managed to secure a
$243 million construction loan for the completion of this branded, 57-story, 249-unit tower. Slated to be the tallest in Edgewater, rising 649 feet above ground, this is the first-ever residential project by the iconic, Italian fashion house of Missoni. Residents of this ultra-luxury, waterfront building will get access to 5 swimming pools, a flow-through pool deck with cabanas, one of Miami’s largest spas, a beauty salon, an elevated tennis court, children’s water features, and a bayfront boardwalk, among others.

Prices start at $500,000, with a choice of one- to five-bedroom residences

Park on FifthSouth Beach

The Park on Fifth - South Beach


After getting approvals in order earlier this year, developers have now
secured a $90 million construction loan for this 519-foot, condo-apartment tower. Becoming the second tallest in Miami Beach with a height of 557 feet above ground, the high-rise will house 337 residential units along with 49,360 sq. ft. of amenities. Developers Terra Group and Crescent Heights will also be building a three-acre public park next-door, which will be connected to the city's Baywalk via a pedestrian bridge. The park and condo will also share a 7,880 sq. ft. restaurant between them.



Which of these pre-construction buildings has you interested and why? Leave us a comment below to get the conversation started!

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