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!

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

Miami’s New and Pre-Construction Condo Update: June 2022
Preconstruction Miami’s New and Pre-Construction Condo Update: June 2022
As reported in our May update, we continue seeing developers fanning out into low-density neighborhoods, trying to catch up with heightened buyer demand for luxury housing in Miami. This June, the Related Group announced Icon Residences for North Miami, MG Developers announced plans for Alhambra Parc in Coral Gables, and Matthew Rosenblatt proposed building a 25-story condo in Aventura.  Trying to cash in on a red-hot luxury condo market, developer Allen Morris Co. proposed converting its apartment rental project in Coral Gables into a luxury condominium. This June, the highly anticipated Estates at Acqualina started with closings – days from welcoming its first residents. The Okan Tower broke ground. Onda Residences made “waves” by securing construction financing. And, Aston Martin Residences started showing signs of an on-schedule completion. Read on for more details on these and other updates in our Miami condo pre-construction market roundup for June 2022: June 2022 - Miami...
VIDEO: Boom or Bust? Here’s the latest with Miami's Luxury Real Estate Market & What YOU Need to Know
Video Blog VIDEO: Boom or Bust? Here’s the latest with Miami's Luxury Real Estate Market & What YOU Need to Know
What’s the latest with Miami’s Luxury Condo Market? In this video, Sep Niakan analyzes solid MLS numbers for the month of May 2022 and talks about what we are seeing in the current market. You’ll also find answers to how the preconstruction market is in overdrive, whether we’re in another boom & bust cycle, and what we expect for the middle of 2022. Watch the video below. Miami is a Market Unlike Many Others While the national headlines prevail with fears about real estate markets crashing, Miami is showing it’s not willing to follow along, for now. Continuing it’s strong record-breaking trends from Q1 2022,  a quick summary of the numbers from May include: Slight Dip in Overall Luxury Condo Sales: 256 sales, down from 261 in April Days on Market down to new low: 49 Days Inventory* down to new low: 6 months (Lowest EVER recorded in Miami) For more complete market data and performance information, read our Comprehensive Q1 2022 Miami Luxury Condo Report here. What’s Driving the...
Related Group Plans Waterfront Icon Residences in North Miami’s Keystone Point
Preconstruction Related Group Plans Waterfront Icon Residences in North Miami’s Keystone Point
If the Related Group has its way, North Miami could be looking at its next wave of luxury residential development. Planning to perch the sleek, 15-story Icon Residences on the causeway heading to Bay Harbor Islands at 123rd Street, the brand-new condo building will likely set the precedent for luxury high-rises in the area. Purchased in November 2021 for $11 million, in partnership with Israeli billionaire Teddy Sagi, the bayfront site is currently home to the shuttered-down White House Inn hotel. The vacant, 2-story inn was built in 1969 and has been closed and fenced down since 2014. Playing to a tough crowd, the Related Group will need approval from four out of five council members to go ahead with its plans. Vacant White House Inn hotel Related’s Icon-ic Residences In full Related Group flair, Icon Residences is proposed to be a $150 million, waterfront condo project. Designed by Arquitectonica, the 15-story tower would feature 54 impeccable, oversized condo residences averaging...
Things to Do in Fort Lauderdale - July Events at a Glance
Lifestyle Things to Do in Fort Lauderdale - July Events at a Glance
Summer is in full swing in Fort Lauderdale! With a spectacular mix of art events, music concerts, and Fourth of July festivities, we’ve got the perfect mix of events for you and your family! First off, check out these great picks for a fun Fourth of July weekend. Then explore multiple art exhibits, including Load We Carry by Megan Hildebrandt, Tranquil Tropics by Tim Forman, Our Canopy by Jen Clay, and Flotsam Fauna at the Flamingo Gardens. Rolling Loud is coming to town with Ye, Future, and Kendrick Lamar for headliners. There are plenty of pet-friendly evenings to choose from and events to find your furever friend!  Read below for these and more in our complete list of Things to Do in Fort Lauderdale for July 2022:  Things to Do in Fort Lauderdale - July Events at a Glance Special: Fourth of July 2022 Events July 2022: Fort Lauderdale Events Performances at the Hard Rock: Throughout July Artist Talk with Megan Hildebrandt: July 1 Conscious Gardening and Permaculture for Your...
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...