Miami’s preconstruction condo market continues booming as Newgard and Two Roads launched sales for the second Standard-branded residences in the city. While The Standard Residences Brickell will be a purely residential concept, BLDG Ventures also launched sales for a short-term rental-friendly concept in Coral Way this month.   

Further, two landmark towers broke ground in Brickell this November: The St. Regis Residences and The Residences at 1428 Brickell. While the former promises to bring storied hospitality with a waterfront nautical theme to Miami’s financial district, the latter will become the world’s first solar-powered residential tower, and ultra luxury at that.

Read on to find out how Peru-based developer Grupo T&C is expanding its footprint in Miami’s Edgewater neighborhood, along with other exciting updates in our monthly Miami condo pre-construction news roundup for November 2024. 

November 2024 – Miami Condo Pre-Construction Market at a Glance

Sales Launched

• The Standard Residences Brickell – Brickell
• Atelier Residences Miami – Coral Way

Closings Underway

• Five Park – South Beach

Broke Ground

• The St. Regis Residences – Brickell
• The Residences at 1428 Brickell – Brickell

Planned/Proposed

• Mixed-use by Allen Morris Co. – Coconut Grove
• 140-unit Condo Building – Wynwood
• 57-story Condo- Apartment Tower by Grupo T&C – Edgewater
• Four New Condo Towers for Jungle Island – Watson Island
• Deauville Hotel Redevelopment – North Beach
• Bjarke Ingels-Designed Luxury Condos – Surfside

Construction Updates

• The Residences at Mandarin Oriental (One Island Drive) – Brickell Key
• The Faena Residences Miami (formerly One River Point) – Miami River

Other Updates

• Rivage – Bal Harbour
• Surf House – Surfside
• One Twenty Brickell – Brickell
• One Brickell Riverfront – Brickell

Watchlist

• Urbin Miami Beach’s Former Dev. Site Approved for Sale – South Beach
• Solaris at Brickell Bay Buyout – Brickell
• Oak Row Equities’ $500M Bid – Brickell

— Miami Pre-Construction Condos: Sales Launched

The Standard Residences Brickell – Brickell

Groundbreaking – N/A | Completion – November 2027

With The Standard Residences Midtown nearly sold out and approaching completion, Midtown Development announced the launch of another Standard Residences in Miami’s financial center. This time, the hospitality brand has partnered with Two Roads and Newgard Development to build the 45-story luxury tower. This new tower will be the second of three towers planned for the $1.5 billion One Brickell Riverfront project, the first being Lofty Brickell.

Designed by Miami’s award-winning Arquitectonica, The Standard Brickell will rise 45 stories with 407 luxury residences. Unlike its Midtown location, this riverfront development will not be allowing short-term rentals to protect owner and resident privacy. Units will range from 432 to 963 square feet in size. Goodrich will handle interiors in collaboration with The Standard’s In-House Design Studio, delivering the residences completely finished with porcelain floors and Miele appliances.

Standout amenities planned for Miami’s second Standard Residences include a 45th-floor rooftop pool deck with summer kitchens, a club lounge, a 10th-floor Standard wellness spa with plunge pools, a fitness room, a yoga/pilates room, a movie room, a bowling alley, and a pet spa. There will also be a ninth-floor restaurant and bar with a ground-level Avra Estiatorio restaurant along the riverfront.

Prices start at a competitive $600,000, with a choice of studios to two-bedroom residences. If you’ve like more information about the The Standard Brickell, contact us today. We can provide details on floor plans, and how this Brickell development differs from the almost complete Standard Residences in Midtown, or to schedule a private presentation and get your pick of floor plans before anyone else.

Atelier Residences Miami – Coral Way

Groundbreaking – Q2 2025 | Completion – 2027

Envisioned to offer “approachable luxury,” BLDG Ventures launched sales for Atelier Residences Miami this November. Located at 1265 S.W. 22nd Street/Coral Way, the 10-story building will introduce attractively-priced short-term rental-ready condos to Miami’s The Roads neighborhood. The developer is currently in the process of closing the deal with owner Delia Hospitality LLC.

Designed by Gensler, the mid-rise will feature 148 condos ranging from 360 to 1,500 square feet in size. Interior design will be handled by Miami-based Pfeifer Haus. As the developer took over a stalled project, he intends to keep the floor plans and structural components approved by the city intact and only improve on the design.

Developer Rene Bello plans to ensure unit owners receive at least 90% of their rental revenue. To achieve this, he is collaborating with several homesharing platforms to allow guests to pay a cleaning fee and “resort” fee directly to the condo owners, thus cutting down on their expenses. By eliminating the need for a brand or hotel front desk, which can take away a good portion of the revenue, Bello hopes to further maximize profits for owners.

A social club called Caya, named after the Vizcaya Museum and Gardens, will be the highlight of amenities. The club will emphasize wellness by offering a variety of spa treatments, including IV therapy and hormone balancing. There will also be a pool, a restaurant, and a fitness center.

Prices range from the mid-$400,000s to $2 million, with a choice of studios to three-bedroom residences. Call, text, or email us to seize this well-priced investment opportunity in Miami’s beautifully lush Coral Way neighborhood.

— Miami Pre-Construction Condos: Closings Underway

Five Park – South Beach

Groundbreaking – Fall 2021 | Completion – November 2024 

Closings are now underway at Five Park, as the tallest tower in Miami Beach received it Temporary Certificate of Occupation (TCO) this November. Complete and ready to welcome its first residents, the 227-unit building includes 132 Park residences on floors 8-25 and 95 Canopy Residence on floors 27-48.

Designed by Arquitectonica, the bayfront high-rise features impeccably designed interiors by New York’s Gabellini Sheppard with creative direction by Anda Andrei. Infused with a harmonious blend of New York flair and Miami aesthetic, the statement tower stands 48 stories tall next door to a one-of-its-kind, 3-acre Canopy Park. Completed in 2022, the public park features a MONSTRUM kids’ playground, an outdoor gym, art installations, a dog park, and picnic areas, among other stellar facilities.

Owners at Five Park gain access to a private beach club in Miami’s South of Fifth, accessible by house car or a short walk. Residents further have 50,000 square feet of amenities to indulge in. These include a 6th-floor pool deck with two pools, a 26th-floor clubhouse, two fitness centers, spa and treatment rooms, lounge areas, a jewel box bar and lounge, a library, screening room, co-working spaces, children's learning lab & teen club, electric car charging stations, and much more. 

Developers Terra Group and GFO Investments will soon break ground on the iconic rainbow bridge designed by Daniel Buren, which will be the project's final phase. The high-rise will also feature the first-ever private restaurant concept designed and helmed by Chef Michelle Bernstein in collaboration with restaurateur Jeffrey Chodorow. Chef Bernstein will also curate the food and beverage offerings available at the residents-only Canopy Club.

Prices range from $1.5 million to $9 million, with a choice of one- to four-bedroom residences. With less than 30 units left, contact us immediately to reserve your sky residence in this monumental new construction that checks all the boxes for a glamorous waterfront lifestyle.

— Miami Pre-Construction Condos: Broke Ground

The St. Regis Residences – Brickell

Groundbreaking – November 2024 | Completion – 2027

With a $527 million construction loan in tow, developers Related Group and Integra Investments broke ground on the 50-story St. Regis Brickell this November. More than 60% pre-sold, this highly anticipated tower sitting directly on the water in South Brickell will offer all the services expected of a St. Regis property, minus any hotel component. 

Designed by the award-winning Robert A. M. Stern Architects, this bayfront residence-only St. Regis will bear a nod to modern classicism, incorporating New York influences along with a strong nautical theme inspired by the golden age of ocean liners. With interiors crafted by the renowned Rockwell Group, the tower will be strategically positioned to offer expansive water and city views from all 152 units. 

The St. Regis Residences will afford more than 50,000 square feet of amenities. Residents will gain access to St. Regis’ legendary 5-star services, including the iconic St. Regis Tea Room, Cognac Room, and signature butler service. Other notable amenities will include a private marina, exclusive beach club access, an indoor lap pool, a spa, a beauty salon, curated wellness programming, a full-size pickleball court, park-like grounds by Enzo Enea, a teen video game lounge, a children’s entertainment room, a golf simulator, a pet spa, a luxury house car, and much more.

Prices for remaining units start upwards of $5 million, with a choice of two- to six-bedroom floor plans and two standalone garden villas.

The Residences at 1428 Brickell – Brickell

Groundbreaking – November 2024 | Completion – 2028

Developer Ytech broke ground on the world’s first (partially) solar-powered residential high-rise capable of generating its own electricity this November. Boasting a 20,000-square-foot “Solar Backbone” conceptualized by Cosentini Associates, the supertall will produce about 175 megawatts of clean electricity annually to reduce CO2 emissions.

Designed by Italian starchitects Antonio Citterio & Patricia Viel (ACPV Architects) in association with the award-winning Arquitectonica, The Residences at 1428 Brickell will rise 70 stories with 195 ultra-luxury residences. Besides flaunting a flowing design, the bayfront tower will afford earthy interiors by ACPV Architects with thoughtfully designed floor plans for day and night use. All residences in this LEED-certified tower will be plus-den. 

Among the 80,000 square feet of amenities will be a 7th-floor resort deck with two pools, aquatic therapy, a children’s splash pad, plus a club bar and lounge. There will also be a teen’s sports simulator, a children’s interactive playground and creativity room, a children’s learning center, a cinema room, 10,000 sq. ft. of dedicated gym and spa space, a wellness concierge, a golf simulator, a beauty suite, barbershop, plus an outdoor sun terrace with yoga pavilion. 

Additionally, residents will gain access to a two-story owner’s club and rooftop observatory, a double-height wine and spirits lounge, a two-story atrium with lush planting, a rooftop lounge bar, plus a library lounge with tea, coffee, and champagne offerings.

Prices range from $3 million to $7 million, with a choice of two- to four-bedroom plus den residences, and a Penthouse Collection priced from $8 million to $60 million. 

— Miami Pre-Construction Condos: Planned/Proposed

Mixed-use Project by Allen Morris Co. – Coconut Grove

Groundbreaking – Q3 2025 | Completion – N/A

Partnering with the Espinosa family that owns the 1.7-acre site at 3101 Grand Avenue, developer Allen Morris Company announced plans to build a mixed-use project on the parcel. Situated a block west of Cocowalk, the developer plans to relocate its corporate headquarters from Coral Gables to a 15,000-square-foot office space in the new development. The site is currently home to a retail building with a laundry business owned by the Espinosas.

Designed by Miami-based Oppenheim Architecture, the five-story mixed-use structure will feature 100,000 square feet of office space, while a separate three-story building will house 20 luxury condos. Units will likely range from 1,500 to 4,000 square feet. Together, the two buildings will house 40,000 square feet of retail and a rooftop restaurant with views of Biscayne Bay. 

In exchange for approvals, the developer has offered to fund improvements to Kirk Munroe Park and Fuller Street to enhance the walkability status of the area. Landscaping will be handled by Naturalficial’s Andres Arcila.

Prices are expected to range from $2.5 million to $8 million.

140-unit Condo Building – Wynwood

Developer FH Investments LLC, managed by Fay Hezemans, has filed plans to develop 140 condos at the 1.1-acre assemblage inclusive of 3233 and 3225 N.W. 5th Avenue, 444 N.W. 33rd Street and 431 N.W. 32nd Street in Wynwood. The site currently features a 12,958-square-foot warehouse and two houses.

Designed by Belgian architect Binst Architects in collaboration with Miami-based Charles H. Benson & Associates, the six-story building will feature 140 condos and retail space. Units will range from 452 square-foot studios to 3,031 square-foot three-bedroom residences.

Highlight amenities include a rooftop amenity deck with a pool and a running track, pickleball and padel courts, a fitness center, a sauna, and a green terrace. There will also be 10,456 square feet of retail space, of which 14 will be “micro-retail” bays spanning an average size of 484 square feet for local tenants.

57-story Condo-Apartment Tower by Grupo T&C – Edgewater

After successfully launching sales for Edge House in April, Peru-based Grupo T&C decided to expand its Miami portfolio by picking up a 0.8-acre vacant property at 404, 412, 416, 420, 432, and 436 Northeast 35th Street for $15.1 million. The site is zoned to carry a 36-story tower with either 124 residential units or 248 hotel rooms.

Separately, Grupo T&C is working on plans to develop a 57-story tower in Edgewater featuring both condos and apartments. Grupo will likely file plans for the assemblage in Q1 2025, with the condo units likely allowing flexible rentals. The developer will have to apply for several bonuses to add density to the site. This is Grupo’s third purchase in Edgewater, including a 0.8-acre assemblage on Northeast Fourth Avenue between Northeast 27th and 28th streets.

Four New Condo Towers for Jungle Island – Watson Island

Okaying two separate referendums this November, the city has set the ball rolling for massive condo development on Watson Island. The Jungle Island redevelopment proposed by ESJ Capital Partners and Terra Group entails the construction of luxury condos and a public park. On the other hand, the mixed-use project dubbed Watson Harbour, proposed by BH3 Management and Merrimac Ventures, involves building condos, offices, and implementing infrastructure improvements.

To develop condos in place of the eco-adventure theme park, developers ESJ and Terra have agreed to return 13 acres of land to the city, construct a new waterfront park, cancel the lease on the existing theme park and hotel, and contribute $15 million towards affordable housing, infrastructure, and other public benefits. In exchange, the city has agreed to sell 5.4 acres of land to the developers at an estimated $135 million to build the 40-story luxury condo with around 500-600 units.

To build Watson Harbour, BH3 and Merrimac are looking to purchase 3.2 acres of land from the city for an estimated $25 million to build 105 condos with about 221,000 square feet of office and retail space. In exchange, the duo has agreed to extend the lease on the rest of the site by 24 years, expand the bayfront public promenade, and contribute $9 million towards affordable housing and infrastructural improvements. Once zoning and other permissions are secured, further details on the individual projects and progress will be revealed.

Deauville Hotel Redevelopment – North Beach

Groundbreaking – 2026 | Completion – N/A

With Terra Group on board, the Meruelo family is making big strides in their reconstruction plans for the now-demolished Deauville Hotel. Submitting plans to the city’s Planning Board this November, the developer partners are pushing for a higher floor area ratio (FAR) than currently allowed. While current zoning allows for the construction of 570 units with a floor area of 500,000 square feet, developers seek approval to build two (taller) condo towers and partially reconstruct the historic hotel, totaling nearly 900,000 square feet.

Designed by Foster + Partners, Shulman + Associates, and ODP as the lead architect, the oceanfront redevelopment will feature a smaller version of the Deauville with 280 rooms and a combined 140 units in two separate luxury condo towers. To secure approval, developers must incorporate historical architectural elements from the original hotel, construct a pedestrian pathway from Collins Avenue to the beach, cap the condo tower height at 400 feet, and agree to prohibit short-term rentals in the residential towers.

This project was initially designed by Frank Gehry and called the Equinox Hotel and Residences, but it was rejected in 2022 for seeking a higher floor area ratio (FAR).

Bjarke Ingels-Designed Luxury Condos – Surfside

With site plans already under review by Surfside’s Planning and Zoning Board, five historically significant apartment buildings could be redeveloped into a Bjarke Ingels-designed condo project. Located at 9040 Collins Avenue, the one-acre assemblage falls under Collins Avenue’s Historic District and so the building façades are required to be repurposed and incorporated into the new condo project.

Designed by the Bjarke Ingels Group in collaboration with Shulman + Associates, the new three-story building will feature 36 spacious luxury condos, of which 22 would be two-bedroom units and 14 would be three bedrooms. Floor plans will average 1,207 square feet for a two-bedroom and 1,610 square feet for a three-bedroom. There will also be a pool and 72 underground parking spaces.

— Miami Pre-Construction Condos: Construction Updates

The Residences at Mandarin Oriental (One Island Drive) – Brickell Key

Groundbreaking – First half of 2026 | Completion – 2029-30

Revealing a more comprehensive construction timeline, developer Swire Properties announced that it will shut down the existing Mandarin Oriental hotel in May next year and begin demolition on site by the third quarter. While groundbreaking is expected to take place in the first half of 2026, completion is projected for 2029-30.

Architected by Kohn Pederson Fox Associates (KPF), the 850-foot Residences at Mandarin Oriental (south tower) will feature 228 condo units with wrap-around balconies and rich interiors by renowned Parisian designer Tristan Auer. Owing to its beautiful island location, all residences in the 66-story tower will be privy to panoramic water views. The shorter North Tower will rise 426 feet with 121 guest rooms, 66 private condos, and 28 condo-hotel units.

Amenities at this world-class property will include an 80,000-square-foot, resort-style amenity podium connecting the two towers and featuring multi-tiered infinity-edge pools, an art walk, a signature spa, a state-of-the-art health and wellness club, a forest yoga lawn, a tea garden, multiple restaurants, a kid’s activity center, a golf simulator, a game room, dining rooms with chef kitchens, executive work lounges, a dog grooming spa and a pool, plus landscaping by the renowned Thai firm, Shma.

Prices range from $4.9 million to about $100 million, with a choice of two- to five-bedroom residences.

The Faena Residences Miami (formerly One River Point) – Miami River

Groundbreaking – Late 2025 | Completion – Late 2028

Developers Kar Properties and Fortune International revealed a more concrete construction timeline for Miami’s Faena 2.0. Following the epic success of Mid-Beach’s Faena House and cultural district, the developer duo is partnering with Alan Faena to construct two 60-story condo towers at 90 Southwest Fourth Street under his luxury lifestyle brand.

Designed by New York’s highly acclaimed Rafael Viñoly Architects, the riverfront skyscrapers will rise with a total of 440 residences and a two-story cultural facility connecting them at the top. The 45,000-square-foot amenity space will feature programming by Faena. The striking luxury towers will be part of the three-block Faena District Miami River – a multi-phase cultural epicenter with curated spaces, public art, wellness facilities, and a marina within the only 14-acre private park along the river.

Prices are expected to start at $1 million, with a choice of one- to four-bedroom residences. Sales for The Faena Residences Miami River are expected to launch before the year ends, so do contact us for access to early bird prices and your pick of floor plans.

— Miami Pre-Construction Condos: Other Updates

Rivage – Bal Harbour

Groundbreaking – September 2024 | Completion – 2027

Co-developers Related Group, Two Roads, and Rockpoint secured $424 million in financing to ensure the timely construction of their waterfront development in Bal Harbour. Fronting 200 feet of pristine ocean, Rivage will mark the neighborhood’s first new development in over a decade. This once-in-a-generation luxury tower will rise 24 stories with only 56 “sky villas.” The tower is more than 40% pre-sold.

Designed by New York’s award-winning Skidmore, Owings & Merrill (SOM) in collaboration with Miami Lake’s CFE Architects, the waterfront pre-construction will carry a tropical modern aesthetic. It will feature three interconnecting glass ovals evoking a crystalline coral reef while maximizing water views. All residences will be built to offer a single-family home experience with open-concept floorplans, oversized terraces, and direct water views. With sublime interiors by Rottet Studio, buyers can look forward to custom kitchens with Sub-Zero and Wolf appliances, custom-designed bathrooms, and closets with imported Italian finishes.

Rivage will feature over 25,000 square feet of wellness-related amenities, including a fitness pavilion with panoramic views, a hammam spa, hot/cold plunge pools, pickleball and padel courts, a fully serviced beach club, and more. Other amenities will include a pool, a cocktail lounge with chef-driven food & beverage services, a world-class restaurant overlooking the beach, a VR game simulator, a kid’s playroom, plus a 24/7 residential butler and dedicated lifestyle concierge. 

Prices for remaining inventory start at $10 million, with a choice of 3,300-square-foot residences to 13,000-square-foot penthouses. Call or email us to secure these limited-opportunity residences in one of Miami’s most luxurious new constructions and once-in-a-generation developments.

Surf House – Surfside

Groundbreaking – N/A | Completion – 2026

Developer Fort Partners closed on a $110.7 million construction loan this November to begin constructing their latest beachfront venture. With site prep underway, the Four Seasons developer is likely to break ground soon on Surf House.

Designed by Kobi Karp, Surf House will be a boutique oceanfront community rising 11 stories with only 19 oversized condos. Buyers get the best of both worlds as units average a lavish 4,000 square feet: a single-family-home experience with the lock-and-leave convenience of condo living. Residents will further have direct access to the ocean.

One Twenty Brickell – Brickell

Groundbreaking – Late 2024 | Completion – 2028

Following the completion of demolition work and the signing of its utilities agreement, developer PMG has filed for a dewatering permit to expedite groundbreaking on one of the most unique new condo developments in Miami. Designed by Sieger Suarez Architects, One Twenty Brickell will rise 34 stories with 240 turnkey luxury residences next to Miami’s iconic Brickell City Centre. It will be Miami’s first condo development to offer a deeded glass-paneled office suite with every closing.

All residences at One Twenty Brickell will feature interiors by Cotofana Designs, curated polywood flooring, fully built-out closets with pre-installed drawers, fully integrated Italian kitchens, smart home tech, and more. Every office suite will include a desk and chair, two guest chairs, WiFi, along with access to a reception area, a concierge secretary, a coffee station, and more perks.

With over 60,000 square feet of amenities, residents will enjoy access to a sky bar and lounge, a café and juice bar, a fitness and wellness center with a therapeutic spa, a kid’s club and gym, a pickleball court, an outdoor yoga lawn, a meeting and event space, a dog run, and more. There will also be about 11,000 square feet of retail on the property.

Prices range from $745,000 to $1.5 million, with a choice of studios to three-bedroom residences.

One Brickell Riverfront – Brickell 

Developer Two Roads joined hands with Newgard Development Group this November to bring the latter’s three-tower, $1.5 billion vision to life. With the 44-story Lofty Brickell 94% pre-sold and already currently under construction, the developer duo is working on plans to construct the recently launched 407-residence, 45-story tower Standard Residences Brickell and another 169-unit, 59-story residential tower with restaurant space on the riverfront site.

The first phase of development, Lofty Brickell, is an Arquitectonica-designed tower that allows short-term rentals and will feature 362 turnkey residences upon completion. Among its 40,000 square feet of amenities will be a 10,000 square foot Skydeck, a resort-style pool with cabanas, a members-only social club, a co-working lounge with private meeting rooms, and much more. The Standard Residences will be built next door to Lofty, with the two towers connected via a podium. Details for the third tower are yet to be revealed.

— Miami Pre-Construction Condos: Watchlist

Urbin Miami Beach’s Former Dev. Site Approved for Sale – South Beach 

The former development site of Urbin Miami Beach has been approved for sale to Pakman Miami Beach LLC for $17.5 million by U.S. District Judge Jacqueline Becerra. Bernice C. Lee, the court-appointed receiver, had filed a motion in September to sell the parcel, including land at 1234 and 1260 Washington Avenue.

The sale’s proceeds will be used to pay off $16.74 million to a first-priority lender, who is owed a total of $19.3 million, along with other bills and taxes. However, buyers who made deposits worth $10 million will likely receive no returns.

In 2022, a groundbreaking ceremony was held for Urbin Miami Beach at 1234 and 1260 Washington Avenue. The 69-unit co-living low-rise was set to replace two commercial buildings. However, in June 2023, the City of Miami Beach halted all construction work on the 33,525-square-foot site due to a lack of proper permits and plans completely fell through once Location Ventures’ ex-CEO, Rishi Kapoor, was entangled in litigation.

Solaris at Brickell Bay Buyout – Brickell 

Billionaire Ken Griffin is speculated to be attempting a bulk buyout of the condos at Solaris at Brickell. Located at 186 Southeast 12th Terrace, next to where Griffin plans his bayfront supertall, similarly named Delaware LLCs have purchased nearly half the units at the 22-story, 141-condo tower over the last two years.

The Citadel founder’s $1 billion-plus project is planned to rise at 1201 Brickell Bay Drive. Primarily home to the future headquarters of Citadel and Citadel Securities along with other Class-A offices, it will also house a 212-key hotel, fine dining restaurants, a 5,239-square-foot health/spa area, open spaces, and more.

We’ll be back with more updates if the takeover of Solaris at Brickell leads to the construction of a new condo tower to meet the housing needs of employees in the adjacent office tower.

Oak Row Equities’ $500M Bid – Brickell 

Developer Oak Row Equities plans to buy Aimco’s 4.25-acre waterfront assemblage for $500 million. Located at 1001 and 1111 Brickell Bay Drive, the parcel sits on 485 feet of continuous Biscayne Bay frontage and is currently home to a 32-story office tower and a 31-story rental building.

Zoned to carry several towers rising 1,049 feet, the property is likely to be redeveloped into a luxury condominium. Last year, the waterfront assemblage was listed with an asking price of $650 million. 

Did some of these pre-construction condos catch your interest? Call, chat, or e-mail us directly to purchase your next home in a stunning new construction project – from Miami through Fort Lauderdale.

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