Waldorf Astoria Hotel and Residences Coming to Downtown Miami
Property Markets Group, a large real estate development company in New York City and Miami, has cemented a deal to bring Miami its first Waldorf Astoria. The Waldorf Astoria Hotel and Residences Miami will be located in Downtown Miami at 300 Biscayne Boulevard, in a 1,049-foot skyscraper that Property Markets Group is planning to develop in the coming years.
Totaling 800,000 square feet, The Waldorf Astoria Hotel and Residences Miami will be a mixed-use development with 400 condo residences; a 140-key, 5-star hotel operated by Waldorf Astoria; and ground-floor retail. At 1,049 feet, the development would be Miami’s first supertall skyscraper. Currently, Miami’s tallest tower, Panorama Tower, stands at just 868 feet. Designed by Sieger Suarez Architects, the tower’s design resembles nine staggered, large glass cubes.
Property Markets Group is co-developing the project with Greybrook Realty Partners and S2 Development. Sales are expected to begin towards the end of 2019 with sell-out projected to top $1 billion.
A First Look at One Paraiso in Edgewater Miami
Three down, one to go! One Paraiso recently became the third of four towers in the Paraiso District to be completed by Related Group. Closings started at the beginning of last month. As of September 14th, when I toured One Paraiso with my photographer, the development had already closed well over 200 of its 279 total units. Gran Paraiso, which will be the fourth and final tower to be completed in the Paraiso District is expected to begin closings next month.
The common area spaces at One Paraiso, which were designed by famed interior designer Piero Lissoni, are impressive, to say the least. Known for his elegant and contemporary style, Lissoni uses minimalist design to create large, interconnected spaces using Earth tones to compliment and pull in the beautiful views from outside the building’s floor-to-ceiling glass windows. If there’s one reoccurring, consistent theme throughout One Paraiso, it is its VIEWS. As you will see in the photos below, from pretty much any common areas space in the building, you can see Biscayne Bay. Even the lobby at One Paraiso offers direct views of the water. And while that may not seem so unique or out of the ordinary, try to name at least two other condo developments in Miami that offer water views from its lobby (I can only name one other).
And when it comes to amenities, One Paraiso delivers in spades. The developer included a wide array of high-quality amenities, such as a ground-floor pool, poolside cabanas, and Jacuzzi; 10th-floor party room, business center, wine tasting salon, library, theater, and children’s playroom; 11th-floor fitness center and spa with plunge pool, saunas, steam rooms, and massage rooms; and sunset amenities deck with two additional pools, infinity-edge Jacuzzi, poolside cabanas, BBQ area, and tennis center with two lighted courts. (That’s a total of three pools to accommodate just 279 residences!!!) The tennis center, which was still a work in progress when I visited, is expected to be completed within the next month.
Each and every unit at One Paraiso offers a direct view of the water. The building’s 279 condo residences are comprised of one-, two-, and three-bedroom floor plans plus penthouses. The non-penthouse residences have 9-foot high ceilings while the penthouse residences have 10-foot high ceilings. The developer is completely sold out of inventory for One Paraiso, but a number of resales have hit the market in recent weeks. As of the writing, there are 23 units listed for sale ranging in price from $708 to $1,260 per square foot and 27 units listed for rent ranging in price from $2.41 to $4.24 per square foot.
Although no developer inventory remains for One Paraiso, there are a number of excellent options (including penthouses) that still remain at Gran Paraiso. Contact me for details!
SLS Lux Rooftop Pool Deck is Officially Open
After months of delay, I’m happy to announce that the SLS Lux rooftop deck is FINALLY open. Located on the 57th floor and in the heart of Brickell, the rooftop deck offers sweeping, 180-degree views from east to west. It features a rooftop pool, hot tub, and BBQ area, and will be open from sunrise to sunset.
However, before you race over to SLS Lux with your towel and swimwear in hand, keep in mind that the rooftop deck is a residents-only area of the building. Along with the 45th-floor Sky Lounge, only residents of SLS Lux may use these amenities; hotel guests are not permitted on these amenity levels.
The video below showcases the rooftop pool deck at SLS Lux by drone but was shot months ago, before the tiling was completed and pool deck furniture delivered.
Marina Blue’s New Valet Drop-off Area Scheduled to be Completed in 5 Weeks
Courtesy of the Marina Blue Condominium Association
After six-plus years of petitioning to the City of Miami, the Marina Blue condominium association has FINALLY triumphed in its quest to gain usage rights of the sidewalk area located immediately in front of its lobby entrance (northeast corner of the building). With construction well underway, residents and guests of Marina Blue will now be able to use the area for valet drop-off. It will feature a roundabout design and is scheduled to be completed in approximately five weeks.
Until recently, the City of Miami had forbidden vehicular traffic on this area fearing that it would interfere with the sidewalk’s geometric design created by Brazilian landscape architect Roberto Burle Marx. The design, which can only truly be appreciated from high above, took 20 years to be completed. A 1988 city ordinance had mandated that future developers pay for the cost to install the sidewalk patterns as each parcel along Biscayne Boulevard was developed.
The improvement should be a boon not only for Marina Blue, but also for traffic in the immediate area. It’s not uncommon to see a long line of parked Uber drivers and food delivery cars up and down Northeast 9th Street. Not only has this become a dangerous situation for residents entering and exiting the building’s parking garage, the congestion restricts the flow of traffic along that street.
Courtesy of the Marina Blue Condominium Association
Courtesy of the Marina Blue Condominium Association
Hyde Midtown Miami Hotel Set to Open September 17th
According to the sbe website, Hyde Hotel & Residences Midtown Miami will be ready to open its doors on September 17th. When it does, it will become the first luxury hotel to ever operate in Midtown Miami. To help get the word out, Hyde Hotel Midtown Miami is offering through the end of this month introductory rates starting at $129 per night. Not a bad deal considering the level of amenities that Hyde Hotel Midtown Miami has to offer, such as a tennis court, pool, poolside cabanas, poolside bar & grill, business center, full-service spa, and state-of-the-art fitness center. Completed earlier this year, Hyde Midtown includes 60 hotel suites, 410 condo residences, and ground-floor retail. It was recently reported that a Starbucks will be opening in one of the retail spaces.
Vizcayne Condominium Associations Awarded Settlement for Construction Defects
It appears that there is a light at the end of the tunnel for Vizcayne condominiums. According to Law.com, this past May, Vizcayne North Tower Association and Vizcayne Master Association were awarded $3,069,251 and $646,699, respectively. In November 2016, the aggrieved parties, citing a laundry list of construction defects, had filed a 184-page complaint against various construction companies. Over a year and a half after the initial filing date, and shortly before going to trial, the settlements were reached.
With the worst now behind Vizcayne, it will be interesting to see how quickly real estate prices improve for condos in the two towers. The litigation had been a big black cloud over the development, making it near-impossible to secure financing for condos there. With the cloud now lifted, lenders will likely be more open to providing financing for qualified buyers.
Courtesy of the Marina Blue Condominium Association
Courtesy of the Marina Blue Condominium Association
Courtesy of the Marina Blue Condominium Association
