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

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

Oct 29, 2017 October 29, 2017

From Hurricane Irma’s impact to change of sales teams, we have it all covered in our September Issue of pre-construction news from Miami’s condo market. Read on to know more…
 

Completed

Louver HouseSouth Beach

Just blocks from the beach, the Louver House now stands complete with closings underway. This luxurious boutique condo sits in one of Miami’s finest, most exclusive neighborhoods – the South of Fifth. 12 spacious residences occupy four stories to deliver expansive private terraces, fine interiors and lush gardens.
 
Residents will be treated to Michele Oka Doner created artwork in the lobby, a rooftop garden with infinity edge pool deck, outdoor yoga studio, Ornare kitchens, sound insulated walls, a branded golf cart for beach transportation, an off-site beach club and electric car charging stations, among others. Only four units were left for sale at the time of this writing.
 
Prices for remaining units range from $2.5 million to $3.1 million, with a choice of 2,088 sq ft to 2,432 sq ft residences

Louver House – South Beach
Photograph : Courtesy of Louver House
 

Other Updates

One Thousand MuseumDowntown

Aiming for an end of 2017 top-off, contractors just finished the concrete pour on the 50th floor at One Thousand Museum. Laying the foundation for full-floor penthouses, developers Gregg Covin and Louis Birdman are on-track for their 2018 delivery with only 33 more floors to go.
 
Starchitect Late Zaha Hadid’s last masterpiece, One Thousand Museum is waiting for an approval on its private helipad. Other assured amenities at this ultra-luxury condo development include a pool deck and fitness center on the 8th floor, spa and relaxation sky lounge on the 9th floor and a 5,600 sq. ft. ground-level restaurant.
 
Prices for remaining units range from $5.8 million for half-floor residences to $20.7 million for full-floor penthouses

One Thousand Museum Miami
Photograph : Courtesy of One Thousand Museum

Brickell FlatironBrickell

Last month, we reported that developer Ugo Colombo was in talks to replace his sales and marketing team. This month, it stands confirmed that Fortune International Group will be handling sales instead of Cervera Real Estate for Brickell Flatiron. The 64-story, 549-condo tower is aiming for a June 2019 delivery.
 
Planned to be one of the tallest in Miami, the 736-foot tower will feature hotel-inspired amenities. Besides designer interiors by Italy’s Massimo Iosa Ghini, public spaces at Flatiron will come decked with artwork by Schnabel. Residents can also expect a sky gym and spa, sky pool plus lounge, rooftop garden, theater, billiard and cigar room, wine cellar, ground-level retail and personal concierge.
 
Prices range from $500,000 to $2.5 million, with a choice of one to five bedroom residences

Brickell Flatiron
Photograph : Courtesy of Brickell Flatiron

Paramount Miami WorldcenterDowntown

Selling almost 8-10 units a month, condo sales at the Paramount Miami Worldcenter have a strong summer to report. The ultra-luxury development is now 68% sold out. With a total of 513 units, the condo tower is set to rise 60 floors above the multi-use complex.
 
Residences can expect a world of amenities at this ultra-luxury condo development. The lower level will include a yoga studio, racquetball court, basketball half-court and more. The upper level will feature a pool deck, dog park, soccer field and such. And, while the 7th floor will house a food market, jam room with recording studio and conservatory, the ‘Sky Deck’ will come 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

Eighty Seven ParkNorth Beach

Developers Terra Group and partners have secured an extra $63.8 million loan to bring the total mortgage to $155 million. Eighty Seven Park is already 60% sold and to begin vertical construction soon. The first residential building in the U.S. designed by starchitect Renzo Piano, residents can expect fluid sophistication on the beach. 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 North Beach
Photograph : Courtesy of Eighty Seven Park 

Smart BrickellBrickell

A condo-hotel project located in the business district, Smart Brickell is 35% sold out. The three-tower project is due to break ground early 2018 and aims at a 2020 completion. The mixed-use development will include 170 condo residences and 150 hotel rooms. Developer Habitat Development aims at offering residents a shared amenity deck with pool, among other five-star amenities.
 
Prices range from $290,000 to $4,90,000, with a choice of 558 sq ft to 878 sq ft residences
  

Issues & Lawsuits

Gran ParaisoEdgewater

Safety concerns over broken crane due to Hurricane Irma
Thankfully, most pre-constructions were spared Hurricane Irma’s wrath, except Gran Paraiso that suffered from a partially collapsed crane. City’s building official, Maurice Pons has recommended a voluntary evacuation of two neighboring buildings. Contractor Plaza Construction has sent him several letters stating that the crane and its damaged jib have been secured and caused no damage. However, Pons is not convinced.
 
Gran Paraiso is part of the four-tower, 10-acre mega development by the Related Group. The complex, once complete, will infuse 1400 new condos to Edgewater. The quadruple condo complex will feature a Michael Schwartz eatery, three pools, a beach club, two-story gym and spa with juice bar.
 
Another Related Group development that suffered at the hands of Irma is the Auberge Beach Residences & Spa in Fort Lauderdale. The storm toppled a crane here, though no extensive damage was reported.
 
Prices at Paraiso range from the low $600,000s to $2 millions, with a choice of one to three bedroom units and penthouses.

Gran Paraiso
Photograph : Courtesy of Gran Paraiso
 
 

Think we missed an update for September? Let us know in the comments below. Or, let us know which one of these pre-constructions has you interested.

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Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
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