Monthly Pre-Construction Update - December 2017
Jan 17, 2018 January 17, 2018
Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton Residences went ahead to add another power-packed amenity to their list, while Aston Martin sealed the deal on becoming Miami’s second tallest. Read in-depth about these and more below:
After securing a construction loan in October, Elysee went on to break ground this December. Developers, Two Roads Development are on-track for their 2019 completion date. The 57-story waterfront building will feature 100, half-floor condos. Standout amenities include public spaces designed by Jean Louis-Denoit, a 7th floor amenity deck with pool, bar, yoga studio and children’s playground, plus a 30th floor Owners Sky Lounge equipped with a private theater/library, game room, wine room, bar and lounge area.
Prices range between $1.5 million and $10 million, with a choice of three to five bedroom residences
Photograph : Courtesy of Elysee Miami
This five-story boutique building also broke ground in December. Developer Adam Adache is looking to deliver 24 penthouse-style condos with two parking spaces each. Priced at ‘half the price of this exclusive neighborhood’s typical single-family homes’, nine units have already been sold at 30 Thirty N Ocean. Amenities include a two-story Club House with adjoining resort-style pool, gazebos, spa and membership to the Club at Harbor Beach Marriott Resort & Spa.
Prices range between $1.2 million and $1.55 million, with a choice of 2,100 to 3,100 sq. ft. three-bedroom residences
Photograph : Courtesy of 30 Thirty North Ocean
Adagio – Fort Lauderdale
Another boutique building, the Adagio broke ground in Fort Lauderdale Beach. Aiming for a 2019 completion, this 10-story project features 31 luxury condos. 30% sold, the boutique project sits overlooking the Intracoastal. Highlights include Steven G designed interiors, private marina with 53-foot slips, multiple pools with cabanas, media room and pet wash/grooming station.
Prices start at $1.8 million, with a choice of two to four bedrooms
With its TCO in place, Biltmore Parc held its unveiling ceremony in the presence of Mayor Raúl Valdés-Fauli and 200 other guests. The luxury boutique building features 32 elegantly appointed residences. Residents will now be able to enjoy its two lounge areas, premium artwork in the Artefacto-designed lobby and a one-year membership to the historic Club at the Biltmore Hotel.
Prices on the resale market range between $1.2 million and $1.7 million
Photograph : Courtesy of Biltmore Parc
After months of quiet, Resorts World Miami finally broke the silence with a request to the City for a lease on off-shore land for its marina. The submerged land is jointly owned by City of Miami and the Florida Department of Transportation. Developers announced their plans of building a 50-slip, mega-yacht harbor last year. The multimillion dollar, mixed-use project will also feature two residential towers, a hotel, retail, parking and an 800 ft. baywalk. Plans for its casino component have made no headway as yet.
Photograph : Courtesy of Resorts World Miami
After a six-month review, the Federal Aviation Administration (FAA) finally approved the ultra-luxury tower to be built to a height of 816 feet above ground. This immediately makes it the second tallest in Miami. Soaring 66 stories above Downtown, the ultra-luxury building will come detailed with Aston Martin’s signature color palette, textures, stitching and more. Besides these iconic touches, residents will also gain access to a rooftop helipad, super yacht marina, 55th floor infinity-edge pool, two-level ocean-view fitness center, full service spa, 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.
Photograph : Courtesy of Aston Martin Residence
Condos by José Isaac Peres – Mid-Beach
Sent to the drawing board last year, the Brazilian billionaire’s team re-submitted tweaked plans in October to the Miami Beach Design Review Board. Replacing Marlborough House, the 90-unit project got approved with inclusion of public beach access and reduced width. The 17-story luxury condo building will now feature a 15-foot-wide beach path, complete with lampposts, benches and landscaping accessible to the public.
Upping the ante in condo amenities, this Pierro Lissoni-designed project will have its own aquatic helipad. Residents arriving by private jet can look forward to a helicopter ride to this mobile aquatic helipad, after which a ‘day yacht’ will bring them home. Other standout amenities at this ultra-luxury development include a restaurant, wellness center, pool deck, kids club, 33rd floor private club, lounge, two bars and guest suites.
Prices range from $2 million to $40 million, with a choice of one to four bedroom units and penthouses.
Photograph : Courtesy of The Ritz-Carlton Residences
A celebration marked the beginning of the construction process at the Estates at Acqualina. New York Yankees Derek Jeter and Jorge Posada attended the event held in conjunction with two local charitable foundations. The demolition work has started on-site and is expected to complete by March. The waterfront estate will deliver 245 luxurious residences perched in two, 50-story towers. Jaw-dropping amenities at this ultra-luxury development include a lobby designed by Karl Lagerfeld, ice-skating rink, golf simulator, Wall Street trader’s clubroom, bowling alley, Formula One racing simulator, FlowRider wave simulator and more.
Prices range between $4.2 million and $9 million, with a choice of three to seven bedroom residences
Photograph : Courtesy of The Estates at Acqualina
Expecting to open early next year, 26 Edgewater is nearing completion. The boutique condo is more than 90% sold. Residents will have access to a rooftop pool deck, lounge with full kitchen, private lanais for select residences and 10,000 sq. ft. of ground-floor retail at this 10-story mixed-use development.
Prices start at $330,000, with a choice of one and two bedroom residences
Photograph : Courtesy of 26 Edgewater
Construction of the condo tower at Paramount Miami Worldcenter has reached the half-way mark. With a 2019 completion, only 30 of the 60 floors remain to be constructed. A theme park of an amenity deck is the highlight of this mixed-used development. Residents will have access to the country’s first outdoor soccer field in a residential high-rise, a dog park, yoga studio, racquetball court, basketball half-court, food market, jam room with recording studio and sky-high observation deck once complete.
Prices range from $3.5 million to $9.5 million, with a choice of four to five bedroom penthouses and duplexes.
Photograph : Courtesy of Paramount Miami Worldcenter
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