Edgewater is making great strides in becoming the epicenter of luxurious living in Miami. Already home to several luxury condo buildings such as Missoni Baia, Gran Paraiso, Paramount Bay, and Aria on the Bay, this chill bayside area north of Downtown is set to gain two new luxury apartment towers by Crescent Heights.
In March, Crescent Heights announced that it would be giving Edgewater its biggest supermarket yet. And now, the developer is following through with its commitment to bring in its luxury apartment brand NEMA into the neighborhood. In June, the company sought approval from the city’s Planning, Zoning & Appeals Board for the 2.92-acre development that is set to occupy two square blocks between Biscayne Boulevard and Northeast Second Avenue, from Northeast 28th Street to Northeast 29th Street, inclusive of 2900 Biscayne Blvd.
And in October, Miami's Urban Design and Review Board (UDRB) voted 6-0 to approve the project and the 38,950 square foot multi-level grocery store.
What’s in Store?
The NEMA brand of luxury apartments is known to deliver excellence in design, amenities, and services, with landmark buildings in San Francisco, Boston, and Chicago, with each location driving the design and extensive amenity selections of the mixed-use developments. At NEMA Chicago, robots greet residents who can enjoy saunas, cooking classes and golf simulation to name a few luxury amenities. Bringing the highest standards in Big City apartment living to Edgewater, the two-tower project will be built in two phases and have around 40 stories each.
The project is set to be designed by Miami’s own Arquitectonica, with amenities like a luxurious pool, fitness rooms, outdoor activity space, and multiple workspaces for residents.
While one tower is expected to feature 417 apartments, 49,000 sq. ft. of commercial space, 43,000 sq. ft. of office space and 668 parking spaces, the second would have 428 apartments, Edgewater’s biggest grocery store and 704 parking spaces.
The Perks - Great Central Location, Opportunity Zone and a Virgin Train Stop
Talking about location, NEMA Miami residents will be hardly four blocks from the Shops at Midtown Miami, within walking distance to Wynwood’s art and Design District’s high-end shopping, an easy bike ride to the dog-friendly Margaret Pace Park and Museum Park. They will also be very close to the upcoming Berkowitz Contemporary Foundation Art Museum.
Sitting in an Opportunity Zone, tenants can expect great tax benefits on capital gains for their businesses vested in the building.
Better still, Virgin Trains USA is seeking approval to include a stop in the area for its passenger train service that connects Miami, Fort Lauderdale, and West Palm Beach. The proposed station will be anchored at 29th Street and Northeast Second Avenue. The company is also working on extending its services to Orlando.
With great mobility, more luxury coming in, including Elysee, Biscayne 27, and Island Bay condo towers, a variety of delectable restaurants, plus fabulous neighborhood amenities, Edgewater is emerging as the neighborhood of choice in Miami for those looking to live a luxe life beside Biscayne Bay.
This article was last updated on November 9, 2020.
Interested to rent a condo or apartment in Edgewater? Or are you ready to buy in this favorite Miami neighborhood? Call or email top Edgewater real estate expert Sep Niakan, and he’ll take care of your condo needs!