Aria Reserve-Tallest Waterfront Twin Towers in the United States are Coming to Miami
I am sure you have heard of the Aria Reserve Towers Miami, and if you haven’t, keep reading. It will truly be the most unique and luxurious towers to grace the Miami coastline. With its modern yet sultry design set directly on Biscayne Bay, it will truly feel like you are living on a resort!
Located at 711 Northeast 23rd Terrace, Miami’s most coveted area in the Edgewater neighborhood, Aria residents will be able to enjoy Miami’s pristine beaches, Miami Beach nightlife, and the Design District’s shopping. This project is being developed by the Melo Group and designed by Bernardo Fort-Brescia of Arquitectonica with interiors designed by MORADA.
Aria Reserve will be the tallest waterfront twin residential towers in the United States rising 62 stories high. Sited on a 5.2-acre development with 547 linear feet of water frontage, it will offer unparalleled amenities. Melo Group also plans to build a public park from Aria connecting to the Miami Baywalk. The development site was previously known as Island Bay.
The Melo Group has recently launched sales for 321 units in the south tower of Aria. With roughly 800 units between the two towers, pricing for Aria Reserve’s first building will start at $750,000. There are 15 penthouses available starting at $12 million. Units will feature 1 to 4 bedroom floor plans with 1,100 square feet to 2,600 square feet of living space. The penthouses will range from 3,500 square feet to 9,000+ square feet, each including a 3-car garage. Sales for the second tower will be launched based on market demand.
Tower Amenities:
2-acre recreation deck
Lap pool and spa
Gaming center
Playground
Tennis courts
Basketball courts
Paddle courts
Miniature golf course
Wellness center
Gym
Meditation Garden
Residence Features
Unobstructed views of Biscayne Bay and Ocean
Finished residences with two flooring options
All residences include 2 high-speed elevators
All residences include an office/media room
All residences are sunrise-sunset flow-through from East to West
3-month seasonal rentals allowed up to 4 times per year
Construction of Aria Reserve south tower should begin in the spring of 2022 with an anticipated completion date of 2024. If you or someone you know have an interest in purchasing at Aria Reserve, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Construction Permits Filed for NEMA Miami
In the wake of Miami’s construction boom, it is of no surprise that another tower will be underway soon. Plans for NEMA Miami were originally announced in February 2020 with plans to break ground earlier this year. The permits for this tower were finally filed this week with an anticipated groundbreaking mid to late August 2021.
Located at 2900 Biscayne Boulevard, NEMA Miami will rise 39 stories high at 428 feet high with plans of 588 apartments. There will be an additional 56,000+ square feet of retail space with a potential organic grocery store occupying a portion of the space. Located at the edge of Wynwood and Edgewater, NEMA will be centrally located close to the Design District as well as Brickell.
NEMA Miami will be Designed by Arquitectonia and the Rockwell Group, and developers include Crescent Heights. Crescent Heights have been responsible for all of NEMA towers.
The design appears to be a more modern style with a glass exterior reflecting the Miami sky. According to their website, “no two NEMA’s are alike,” and that their designs represent the culture of the neighborhood that they are located.
Tower amenities for NEMA include club benefits when traveling, guest suites, NEMA events, a full-service fitness center, a sky deck pool, and much more!
Residence Amenities:
Expansive floor-to-ceiling windows
9-foot-high ceilings
6-inch-wide plank floors
Acoustic solid wood core doors
Lutron Caseta lighting and ecobee3 thermostats
30-foot-long recessed balconies*
Extra den or office space*
Blackout and sheer thermal shades*
Custom-designed David Rockwell kitchen pendant
Kitchen island*
Chicago-sourced custom cabinetry featuring soft closures and dimmable lighting
Caesarstone countertops and seamless backsplashes
Blomberg stainless steel gas range and paneled dishwasher
Baths with polished chrome Hansgrohe fixtures and Duravit sinks
Dual vanity bathrooms*
Full-size washer & dryer in every apartment
Walk-in closets*
Customizable Elfa closet organization
Keyless entry via NEMA fob card or mobile app *Select residences.
The estimated construction costs for this project is $165 million.
Doubling in Value – Venetian Island Waterfront Mansion Sells for $30 Million
The Venetian Islands in Miami are man-made islands connected by the Venetian Causeway from downtown Miami to Miami Beach. These islands offer some of the most lavish and unobtrusive island living in Miami. Totaling 6, each island offers its on appealing qualities.
In the winter months, you will see socialites, notables, and celebrities flocking to these gorgeous islands for a private and luxurious getaway. These islands offer a mixture of Mediterranean and Italian inspired architecture and landscaping. With swaying palms, stone exteriors, you will feel like you are on a secluded resort island.
More recently, a waterfront mansion with one of the largest lots on the Islands sold for $30 million. Doubling its value, this property was originally purchased for $13.5 million in 2014. The new purchase price equaled $3,870 per square foot and was sold off-market.
Located at 943 N. Venetian Drive, this lot faces north on Biscayne Bay, making it one of the most desirable locations. The property features 7,752 square feet of living space on 1.08 acres with private gate entrance.
The estate was built in 1937 with additions in 1994 and 2004. Guests are greeted with a circle drive leading to a Mediterranean stucco finish mansion with 6 bedrooms, 7 bathrooms, 7 statues, a pool, balcony, and boat dock.
Sellers for the home include Marjorie E. Stone and Ricardo Rodriguez, but the buyers are currently unknown with a registered name of Delaware LLC.
Developers for Residences by Armani Casa Report $1 Billion Sellout
Residences by Armani/Casa has set a new record for condo sales in Sunny Isles Beach. With nearly $1 billion in sales, Residences by Armani/Casa has nearly sold out of the luxury condos, which is significantly more than any other new construction tower in Sunny Isles Beach.
Located at 18975 Collins Avenue in Sunny Isles Beach, this 60-story project was completed in late 2019 just before the COVID pandemic shut down travel and events, which also delayed some of the sales/closings for the new development.
According to the President of Dezer Development (Developer for Residences by Armani/Casa), the building was 85% sold when they first started sales in February 2020 but sales got stagnant and the development was selling around 1 unit a month during the pandemic. The sales began to increase once Florida started to open up.
More recently, two penthouses sold in this tower with one at $7 million and the other at $9 million. Among the buyers include Radamel Falcao (Colombian professional soccer player).
About the Residences of Armani/Casa
The Related Group and Dezer Development are responsible for the creation of Residences by Armani/Casa. The project was completed in 2019 and the property was originally purchased in 2016 for a $305 million construction loan from Wells Fargo, which was reported to already be paid off.
This development features 308 luxury condo units with 2,716 to 3,748 square feet of living space. Pricing starts at $1million with 3 to 4 bedroom floor plan options. Residence amenities include Wolf kitchen appliances, Armani-designed sinks, 10 feet deep private balconies, and much more!
Residence Features
Armani Dada designed and fabricated cabinetry
Sub-Zero refrigerator/freezer and wine cooler
Elegant imported stone countertops and glass backsplashes
Wolf kitchen appliances
Armani Roca designed sinks and faucets
His and her bathrooms in select residences
Spa-inspired shower with Armani Roca wall-mounted handheld spray and large rainshower in most residences
Marble stone floors, walls, and full stone cladding vanity and stone countertops
High-performance Toto Neorest toilet with integrated bidet technology in the master bath only
Private high-speed elevator access to most residences
Breathtaking views of the Atlantic Ocean and city through floor-to-ceiling glass windows
10-foot deep private balconies with glass railings in all residences
8-foot-high double-door entry to a spacious foyer in select units
Summer kitchen with an under-counter Sub-Zero refrigerator in all residences
Digital thermostat featuring intelligent climate control
Recessed lighting in select corridors and bathrooms
Large capacity full-size washer/dryer in all residences
All residences pre-wired for audio speakers as well as motorized shades and programmed lighting controls in select locations
Smart building technology provides seamless access to select building amenities
Tower Amenities
Oceanfront terrace with heated swimming pool, hot tub, and poolside food and beverage service
State-of-the-art fitness center overlooking the Atlantic Ocean
Men’s and women’s dressing rooms with lockers and showers
Private oceanfront restaurant and bar with outdoor seating and in-residence delivery
Exclusive beach amenities, including food and beverage services, chaise lounges, umbrellas, and beach attendants
Two-story Spa with indoor and outdoor treatment rooms
Ocean-view yoga studio with Pilates equipment
Cigar room
Temperature- and humidity-controlled wine cellar
Bar area
Game room with pool table
Children’s playroom
Armani Prive lounge at the lobby level
24-hour multilingual concierge service
24-hour valet parking service
24-hour security
Professionally curated collection of museum-quality art, including monumental sculptures by Sandro Chia and Sinisa Kukec
There are just a few units left at Residences by Armani/Casa. If you or someone you know have an interest in purchasing one of the units, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Missoni Baia Tops off Construction
The long-awaited 649-foot waterfront tower, Missoni Baia is now topping off construction at 57 stories. Located in the Edgewater neighborhood of Biscayne Bay at 777 NE 26th Terrace. Missoni Baia is the first Missoni branded condominium tower in the world.
Developers for this project include OKO Group and Cain International who are responsible for creations such as UNA Residences and 830 Brickell. The building is being designed by architect Hani Rashid of Asymptote Architecture and landscape design by Enzo Enea.
This luxury tower features 249 units with 1 to 5 bedroom floor plans measuring between 776 and 3,788 square feet. Pricing for the units fall between $650,000 to $9 million. This bayfront tower also features 200 feet of linear Bayfront access.
According to Vanessa Grout, the CEO of the OKO Group, domestic buyers surged once single-family home prices escalated. “As a result, luxury condominiums like Missoni Baia are proving much more attractive, promising less maintenance costs and an abundance of resort-style amenities,” says Grout.
Interior unit features include 10-foot ceilings, expansive terraces, impact-resistant glass windows, and custom kitchens with high-end appliances. Residents of Missoni Baia will have access to ultra-luxurious amenities including a private spa with sauna, steam room, multiple pools with poolside lounges, a bay-terrace lounge, resident game room, kid’s pool and play area, and a pet spa.
As of June, a majority of the units at Missoni Baia have sold, and closed sales have reached approximately $100 million. This gorgeous tower is set to complete at the end of 2021. If you or someone you know have an interest in purchasing one of the units at Missoni Baia, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Volume for Condo Sales Rose more than $60 Million for June
According to the Miami-Dade MLS (Multiple Listing Service), condo sales for Miami rose more than $60 million, while the number of units remained steady. As of last week, 273 units sold, which is very similar to the previous week with a dollar amount totaling just over $210 million, with the previous week at $149.3 million.
The average sell price for condos from June 13 to June 19 is up to $770,000 with the previous week at $541,000. The most expensive sale for this week included a penthouse at Miami Beach’s Faena House for $11.2 million equaling $2,628 per square foot. The unit was on the market for 267 days.
Faena House condominium is located at 3315 Collins Avenue in Miami Beach. It is an ultra-luxury tower with 47 units rising 18 stories tall. This building offers 1 to 4 bedroom floor plans with 1,307 to 8,273 interior square feet of living space. Residence features include; Miele appliances, Dornbracht bathroom finishes, marble flooring, and Crestron Automated Systems. Residents enjoy exclusive amenities including a 24-hour doorman, valet, spa, fitness center, beach club, and direct ocean views.
The second most expensive sale was at the Surf Club Four Seasons in Surfside selling for $6 million at $3,409 per square foot. This property was on the market for 126 days.
Surf Club Four Seasons located at 9001 Collins Avenue and 9111 Collins Avenue in Surfside was designed by architect Richard Meier who brilliantly blinded the historical Surf Club and the new 12-story development. The Surf Club Four Season features 150 residences and 77 hotel rooms. The residences feature 1 to 5 bedroom units with staff quarters ranging from 1,411 to 7,500 square feet of living space with floor-to-ceiling glass walls, expansive balconies, and unobstructed views of the Atlantic Ocean and Biscayne Bay.
President of a Wealth Management Firm Buys Waterfront Mansion in Coral Gables for $14.6 Million
Miguel Duenas, President and Chief Investment Officer for Dimension Capital Management (Coral Gables based wealth management firm), just purchased a waterfront mansion in the Old Cutler Bay community for $14.6 million.
Miguel and his wife purchased the home located at 9385 Balada Street, Coral Gables from Jose I. and Elizabeth J. Garcia. The Garcias originally purchased the estate in 2018 for $7 million.
The home was built in 2007, featuring 6 bedrooms, 7.5 bathrooms with 8,245 square feet of living space. The lovely estate sits on 0.7 acres with 364 feet of water frontage. The home is equipped with everything you could possibly need and want in a luxury home; full-gym, elevator, infinity pool and boat dock.
The gorgeous home is completely refined with custom cabinetry, granite countertops, and high-end stainless steel appliances. Multiple covered terraces grace the exterior overlooking the unobstructed bay. One of the best features of this property is that there are no bridges to hinder direct access to Biscayne Bay.
This subdivision located in Coral Gables is known for its privacy and architecturally designed waterfront estates. Upon entering the gated-community, you are greeting with gorgeous tree-lined streets leading to the immaculate and custom estates. You will truly have a neighborhood feel in the middle of a big city.
Neighborhood Amenities:
5+ miles of walking and biking trails
24 hour guard gate with security
24 hour roving patrol security
Direct access to the Atlantic Ocean
Wide canals for boating
Old Cutler Bay is located one block south of Kendal Drive and just a few minutes from Matheson Hammock Park & Marina and Fairchild Tropical Gardens. This neighborhood also places you 30 minutes away from Miami International Airport as well as downtown Miami.
Recent sales in Old Cutler Bay include the founder of TechCrunch, who purchased a waterfront mansion for $16 million in May.
Continuum South Beach Bulk Sale for $30 Million by Two Former Morgan Stanley Execs
In 2014, Karen Bechtel and her husband William McKinley Osborne III (former Morgan Stanley executives) purchased 3 total units at Continuum South Beach South Tower for $21 million. Records show that they purchased units 3602, 3603, and 3604 and combined it into one unit totaling 8,229 square feet on the 36th floor.
The full-floor condo was originally listed in March 2021 with an asking price of $36.5 million. The gorgeous combined units feature a total of 6 bedrooms, 5.1 bathrooms with a 2-story main suite. Two kitchens, a theater and 3,704 square feet of balconies make up the rest of the luxury apartment.
According to county records, the buyer was listed at MFTMA Holding LLC. The price per square foot totals $3,646, and is considered Miami Beach’s fourth most-expensive condo deal since 2005.
Continuum developer Ian Bruce Eichner also sold his penthouse in the building for $35 million in April 2021 that was originally listed for $48 million two year ago. Another sale for Continuum included CEO of a financial tech company purchased 2 combined units for $12.1 million.
Bechtel and Osborne were both Managing Directors at Morgan Stanley from 1980 to 1991. Bechtel is currently a senior adviser at Carlyle Group. During the pandemic, they established a non-profit organization called Meals for Heroes Miami that focused on partnering with local restaurants to provide food for health care workers and first responders. In April, the couple bought a mansion in Tahiti Beach for $28.9 million.
Continuum was built in two phases by developer by Bruce Eichner in 2002. Residents of Continuum South Beach enjoy arguably the best resort-style amenities.
BUILDING AMENITIES
Stunning landmark architecture
1,000 ft of direct beach front access
24-hour welcome desk with concierge
24-hour guest valet
Elegant resident club room
Luxury Health spa with sauna, steam room
Two lagoon-style pools
State-of-the-Art gym
Business Center
Lush and manicured landscape
3 Tennis Courts
Outdoor restaurant
Multi-story health club & spa
RESIDENCE AMENITIES
Ten foot high ceilings
Private balconies with glass railings
Floor to ceiling sliding glass doors
Imported marble countertops, backsplash, and whirlpool decks
Imported marble flooring in wet areas and shower
Designer fixtures
Whirlpool tubs
European bathroom vanity cabinets
Seamless glass shower doors
Custom European designed cabinetry
Granite Countertops
Under counter lighting
Faber “Inca Smart” integrated hood vent
Sub-zero built-in refrigerator-freezer
Miele touch-control cook top
Miele integrated dishwasher
Miele microwave oven
Single-lever faucet with pull out spray
If you or someone you know have interest in purchasing one of the units at Continuum South Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Waldorf Astoria Hosts its Official Sales Gallery Grand Opening
The long awaited sales gallery launch for Waldorf Astoria Residences Miami has officially arrived and we couldn’t be more excited! Last night Waldorf Astoria hosted their official sales gallery grand opening located at 400 Biscayne Blvd across the street from Waldorf Astoria’s official pre-construction tower site.
PMG developers Ryan Shear and Kevin Maloney were in attendance as well as Miami Mayor Francis Suarez and Waldorf Astoria Hotel & Residences architects Carlos Ott and Charles Sieger (of Sieger-Suarez Architects). Mayor Suarez stated, “we are so proud of this iconic project that is going to help redefine who we are as a city.”
Waldorf Astoria Residences Miami will rise 100 stories at 1,049 feet tall making it the “highest skyscraper south of Manhattan.” It will also be the first Waldorf Astoria development in South Florida. Featuring 360 condos, 205 hotel rooms and suites, this incredible tower will truly be one of a kind. Tower amenities include a Peacock Alley lounge, signature restaurant, resort-style pool with cabanas, spa and fitness center.
Designed by Carlos Ott and architecture by Sieger Suarez, the design will feature 9 glass cubes offset from the next. This design will truly be the first of its kind in South Florida.
PMG developers, led by Ryan Shear, Kevin Maloney, and Dan Kaplan are the brains of the project and have stated that they have been working on the development project since 2014 and originally announced the launch in 2018.
Property Markets Group, Greybrook, and Hilton are also partnering on the project. The hotel portion of the Warldorf will be the first 3 cubes and Hilton will be managing that portion of the tower.
The residential units will begin at $656,000 and will increase depending on the location in the building as well as the size
STUDIOS
CUBE 4 – above level 40 From 516 sq ft. to 653 sq ft / Starting at $656,000
ONE BEDROOM
CUBE 5 – above level 50 From 873 sq ft. to 950 sq ft / Starting at $997,500
TWO BEDROOMS
CUBE 5 – above level 50 From 1491 sq ft. to 1951 sq ft / Starting at $1,701,000
THREE BEDROOMS
CUBE 5 – above level 50 2659 sq ft. / Starting at $4,111,000
FOUR BEDROOMS
CUBE 6 – above level 60 3,256 sq ft / Starting at $4,987,000
Sales for Waldorf Astoria launched in March 2021 with an estimated ground breaking in Q4 of 2021. The completion date is currently set for 2025. If you or someone you know have interest in purchasing one of the units at Waldorf Astoria Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Arch Investors and Infinity Developers are Teaming Up for a 20 Story Project in Edgewater
New York-based Arch Cos. Investors and Miami-based Infinity Collective developers have previously worked on a 19-story Edgewater project located at 2500 Biscayne Blvd. Within the past few years, they have started the process of working on a residential project directly across the street at 2501 Biscayne Blvd.
The developers purchased the 1.5 acre sited in 2017 for a combined $32.18 million. The financial terms are unknown but they have jointly taken ownership of the property. This site was the previous home for the Latin Café 2000 Biscayne restaurant.
Plans haven’t been officially released to the public but 2501 Biscayne will rise 20 stories featuring 250 apartments, and some exclusive commercial space on the main floor of the tower. The name of the project is TBD.
According to the managing partner of Arch Cos., Jeffrey Simpson, “We believe in the long-term potential of 2501 Biscayne for our partnership, as well as in the continued growth of Edgewater as employers increasingly seek out space in Miami.”
Arch Cos. is a New York-based real estate and financial investment firm that currently services 9 states. They currently have $630 million in their real estate portfolio and have assisted with more than 3,000 multi-family units.
Infinity Collective, located in Miami has been in business since 2002 and are currently working on projects 2500 Biscayne Blvd and Esme Hotel in Miami Beach.
