Miami New- and Pre-Construction Condo Update: April 2017

Miami New- and Pre-Construction Condo Update: April 2017

May 29, 2017 May 29, 2017

For this month’s pre-construction market roundup, we have Biscayne Beach ready to welcome residents, a boutique condo proposed for South Beach, a lawsuit on sloppy documents/buyer's remorse (you decide), and two approvals.

Have a look below for details on Miami’s new and pre-construction condo market happenings this April:
 
Now Open

Biscayne BeachEdgewater

After topping off in May last year, the 391-unit Biscayne Beach is now ready to allow residents to move in. The GTIS Partners and Eastview Development venture obtained its Temporary Certificate of Occupancy this April. To mark this, the decorative feature atop the 585-foot tower has been lighting up in multiple colors, visible from miles away.
The 51-story, waterfront condo building offers residents a beach club pool, bar, cabanas and lounge area, water sports equipment storage, swimming pier and dock, beach volleyball court, lobby-level art gallery, two tennis courts, entertainment ‘great room’, an on-premise high-end restaurant and much more.
99% sold out as of September, 2016 – Prices ranged from $446,900 to $2.05 million with a choice of one-to-three bedrooms + den and penthouses

Biscayne Beach Pool Edgewater
Photograph: Biscayne Beach Pool
 

Vertical Construction

L’AtelierNorth Beach

Construction of the oceanfront, 23-unit L’Atelier is moving full steam ahead. With its fourth floor poured out, the construction of this boutique condo building has now gone vertical. Top off is anticipated for fall 2017, while developers SMG Management and W Capital Group are targeting a 2018 completion.
This luxury condo mid-rise features amenities designed by luxury home furnishing entrepreneur Holly Hunt and Enzo Enea, an oceanfront infinity-edge pool, a private beach area, upper deck lap pool, poolside cabanas, pool and beach attendants, pool bar, BBQ area, hammock garden and more.
Limited residences available starting $3.5 million

L'atelier North Beach
Photograph: L'atelier - Exterior rendering

L'atelier North Beach
Photograph: L'atelier - Interior rendering
 

Planned Projects

Boutique Condo – South Beach

A vacant lot fronting West Avenue has been bought by an entity linked to Boca Raton-based Redcliff Builders’ Spencer Blank as well as Belgium-based investors Axel Knauf and Bernard Petit. The buyers now hope to build a modern condo with 14 units. While the exterior remains the same as the lot’s previous owner envisioned it, the interiors have changed. The boutique building will have one to three bedroom units, cantilevered balconies, and a rooftop deck. An application will be submitted soon to the Miami Beach Design Review Board.

Casa Luna South Beach 1414 West
Photograph: Rendering of planned project
 

Approvals

YotelPad Condo-HotelDowntown

Kuwaiti company AQARAT and Miami’s Aria Development are planning a Yotel Hotel for Downtown Miami. The Urban Design Review Board has approved massive parking reductions for the multi-use development. The on-site parking has been reduced by 30% and setbacks around the building have been shrunk as well. Located close to a Metromover Station, once developed, the 45-story tower will feature 263 cabins (minimalist hotel rooms), restaurants, retail and condos on the upper floors.

Yotel Condo Hotel Downtown
Photograph: Rendering of Yotel Condo-Hotel at Downtown Miami

18-story Condo – North Beach

China City Construction won approval on two variances of its 18-story condo tower from the Miami Beach Historic Preservation Board. The oceanfront development will feature 42 residences and 87 parking spaces. The two variances include the .98-acre development to reduce the width of interior driveways by one foot and to build a seven-foot-tall fence along its oceanfront portion. The ultra-luxury project will be designed by Arquitectonica and feature ground floor plus 4th floor amenity decks.

China City – North Beach
Photograph: Rendering of planned project
 

Other Updates

6080 Collins Avenue Beach House – Mid-Beach

There’s been a change of sales team for the 6080 Collins Avenue Beach House by Urbis Real Estate and Domus Group. Compass is in as the new sales team, replacing Douglas Elliman. Sales for the 70-unit condo-hotel were launched in June 2015. Presales stand at 60% with buyers from Europe, New York and South America. Residents will get access to fully furnished units with beach service, a rooftop pool, gym, 1,200 sq. ft. ground floor retail, concierge, valet and custom art in the lobby.
Prices range from $300,000 for a studio to over $500,000 for a one-bedroom

6080 Collins Avenue Beach House – Mid-Beach
Photograph: Rendering of 6080 Collins Avenue Beach House

Auberge Residences & SpaArts and Entertainment District

The Related Group has officially shut down its 1400-unit Auberge project by returning buyers’ deposits. The sales center had already closed down in December and construction had been put on hold since August 2016. The project was cancelled due to a cooling preconstruction market, as sales stood at a mere 15% even in the second quarter of 2016.

Auberge Residences
Photograph: Rendering of Auberge Residences & Spa
 

Issues & Lawsuits

1010 BrickellBrickell

Buyers sue for deposit return

After putting down $650,000 on three condos as a 50% deposit, Victor Mijares and Caterina Angilello are experiencing buyers’ remorse. According to the three lawsuits filed in a Miami-Dade Circuit Court, the buyers have claimed that the developers made fundamental changes to the building’s design and failed to provide condo documents related to its association’s bylaws and maintenance. The claimants have accused 1010 Brickel Holdings of violating Florida’s Deceptive and Unfair Trade Practices Act and the Interstate Land Sales Full Disclosure Act.
1010 Brickell is a 50-floor, 387-unit luxury development by Key International and 13th Floor Investments. Read more about the lawsuit, here.

1010 Brickell Pool
Photograph: Rendering of 1010 Brickell
 
The CrimsonEdgewater

Unfinished Crimson’s architectural firm sued

The McKafka Development Group has sued Aventura-based architectural firm I.D.E.A for breach of contract and negligence leading to delayed construction. The 90-unit Crimson stands unfinished today, and according to McKafka it’s because I.D.E.A. failed to respond timely on requests for information, couldn’t coordinate with Facchina (the general contractor), prepared incomplete or inconsistent drawings and specifications, and generally failed in its responsibility to stay consistent with the design schedule. Find more details, here.

The Crimson
Photograph: Rendering of The Crimson

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Opinions and Advice New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Finding and moving to a new home can be a strenuous experience, even when you like the change you’re making. This is more so when you have an emotional condition or disability and part of your treatment involves having an Emotional Support Animal (ESA). In this case, finding a new home comes with a whole new set of challenges only you and your furry friend can know. And no one needs the added fear and stress of possibly being denied housing or being discriminated against for owning an ESA. Thankfully, a new Florida law on emotional support animals that went into effect July 1, 2020, explicitly states what you and your current/prospective landlord or HOA can and cannot do regarding Emotional Service Animals. The law applies to all condos, apartments, and rental homes. Photo courtesy of Oleg Ivanov Here’s how the 2020 Florida ESA law empowers both sides:  — ESA Rules: What a Florida Landlord Can & Cannot Do A Florida landlord cannot deny housing for a disability or...
New Construction Miami Condos You Can Move Into in 2024
Real Estate News New Construction Miami Condos You Can Move Into in 2024
It’s no secret that we are in the middle of a major building boom and there are quite a few new developments in Miami opening in 2024 that you’ll be able to move into. So, if you love being the first to turn the key on your crisp new luxury condo, keep reading. (Psst, we also have a bonus list of all the condos you can expect to move into in 2025 at the end!)  With about 100 new pre-construction condos (and counting) in the pipeline since 2021, Miami developers have been on the fast track to deliver on the growing demand for luxury condos in the Magic City, especially condos on the water or condo buildings with water views. Even as most of the global housing market showed signs of a slowdown these past few years, Miami’s luxury condo market has witnessed sustainable growth. Following the business migration trends that started somewhere around 2020, we’ve seen a continued influx of international wealth, families, C-suite executives, and other top earners and investors moving to our...
The Ultimate Expat Guide to Moving to Miami
Lifestyle The Ultimate Expat Guide to Moving to Miami
Ever thought about grabbing your passport and moving to Miami? You wouldn’t be the first to be drawn to this tropical metropolis. It’s a place with a rich history, diverse culture, and spearheading innovation. Also known as the Magic City, it’s the only major city in the US to be founded by a woman, and it proudly claims the origin of sunscreen and the ATM! It’s no secret that Miami is a great choice for expats in pursuit of new opportunities. Its appeal is truly worldwide, attracting people from Latin America, Europe, and beyond. Proof of this is that the city was the most popular destination for people born outside of the U.S., attracting 54,500 new residents in 2023, the most out of anywhere in the country. This diversity is evident everywhere, from the vibrant neighborhoods and incredible food scene to its dynamic business, art and hospitality sectors. Living in Miami offers a global lifestyle with a very local flavor, full of opportunities to grow and explore. So, if you’re...
The Most Luxurious Condo Buildings in South Beach
Opinions and Advice The Most Luxurious Condo Buildings in South Beach
Situated at the southern tip of Miami Beach, South Beach continues to command its status as a premier global destination, attracting discerning individuals from around the world. Developers have meticulously crafted luxury condos in South Beach that appeal to people from every international location, whether for business, favorable tax environments, seasonal escapes from winter weather, or the cultural richness exemplified during events such as Art Basel and the South Beach Food and Wine Festival. Whatever the reason, there is significant investment potential for condos in Miami, specifically South Beach, as well as a proven superior quality of life. Below is our list of the 5 Most Luxurious South Beach Miami condos (or the 5 Most Expensive Condos in South Beach) based on the average listing price per square foot at the time of publishing, as well as some other favorites to note. But first, let’s start with an overview of what makes South Beach so special. Last updated: March 15,...
The Residences at 1428 Brickell Video Tour: Exquisite, Eco-conscious Living with Italian Luxury
Video Blog The Residences at 1428 Brickell Video Tour: Exquisite, Eco-conscious Living with Italian Luxury
Brickell, the Wall Street of the South, one of the most desirable Miami neighborhoods for international business professionals and families alike, is synonymous with innovation, a luxury lifestyle and original ideas. This time, the Brickell spirit is embodied in the fantastic new pre construction condominium — The Residences at 1428 Brickell.  In our latest video, Stephanie Bienstock, our director of Luxury Sales, visited the newly opened sales gallery to talk with Jennifer Behar Cervera about what makes The Residences at 1428 Brickell unlike any new residential development coming to Brickell, Miami. Join us as we learn about the project’s six driving forces — detail, craftsmanship, architecture, nature, privacy, and innovation — and tour the sales gallery to see all the finishes and details up close.     — What You Can Expect at The Residences at 1428 Brickell, Miami  If you care about the environment and love leaning into Italian design, then the first-ever solar-powered...
February 2024: Miami New Development and Pre-Construction Condo Update
Real Estate News February 2024: Miami New Development and Pre-Construction Condo Update
Miami’s pre-construction market buzzed in February with many newsworthy events throughout the city. The much-awaited Bentley Residences, Cipriani Residences, and Indian Creek Residences and Yacht Club all broke ground this month. And Brickell’s Mercedes-Benz Places, Key Biscayne’s Key Cassa, and Sunny Isles’ St. Regis' second tower launched sales.  Also, developers accelerated construction efforts for several luxury condo projects including Una Residences, 501 First, St. Regis Brickell, and more. Read on for details on these and more exciting updates in our monthly Miami pre-construction condo market roundup for February 2024: Launched Sales Mercedes-Benz Places – Brickell St. Regis Residences (North Tower) – Sunny Isles Beach Key Cassa – Key Biscayne New Sales Gallery Bay Harbor Towers – Bay Harbor Islands Broke Ground Cipriani Residences – Brickell Indian Creek Residences and Yacht Club – Bay Harbor Islands Bentley Residences – Sunny Isles...