Miami Condo Market and Lifestyle Updates
SLS Lux Makes $300 Million on Contracts in 10 Days

SLS Lux Makes $300 Million on Contracts in 10 Days

by Sep Niakan | September 18, 2014

Developers are converting the many reservations for the SLS Lux into contracts as they prepare to start construction.

Related Group has brought in 150 units to contract for the 57-story condo tower in the first 10 days. The contracted units are valued at $300 million altogether.

The SLS Lux project will include 450 residences and 85 hotel suites. The Lux will also contain significant amounts of art. They plan to include an eight-story mural, illuminated work for the outside walls, and many statues, including a bronze statue designed by Fernando Botero.

The Allen Morris Company, as well as the real estate and hospitality company, SBE, have joined Related to develop the project.

Developers plan to begin construction on South Miami Avenue by the end of 2014, and hope to finish it and open in 2016.



Photo credit: SLS Lux

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...


Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...


The Top Ten Highest-Rated Restaurants in Miami

by Sep Niakan | May 14, 2017

It’s no secret how Miami’s local food scene is going global with innovative restaurants populating the landscape. We’ve got locals to tourists and even celebrities raving about how Magic City's culinary scene has grown leaps...