Introducing Icon Bay – Related Group’s Newest Pre-construction Condo Development
August 2, 2012 by Lucas Lechuga
First it was Icon South Beach. Then Icon Brickell. Related Group now looks to launch Icon Bay - a 300-unit, 40-story luxury high-rise along Biscayne Bay at the eastern end of NE 28 Street. Every unit in the building will have private elevator access and will face the water. The world-renowned architectural team Arquitectonica has been contracted to do the design. The interior designer has not yet been announced but it is expected to be someone highly reputable and impressive. A waterfront neighborhood park will also be developed as part of this project. GEO Arquitectonica, the landscape designers behind Museum of Modern Art in Miami, will design the bayfront park. Pricing is in the process of being finalized but given the level of quality, I foresee pricing to be along the lines of Paramount Bay. Letters of intent are now being accepted to reserve your space in line to choose a unit when sales officially begin. Contact us for more information if you have an interest in reserving an Icon Bay condo.
Downtown Miami condo sales, prices up The downtown Miami condo market continues to rebound, amid strong sales and higher prices, according to a study done for DDA. Buy Photo Downtown Miami sparkles Thursday, October 20, 2011, viewed from the 34th floor sales center of Vizcayne, an 849-unit condominium. MARSHA HALPER / MIAMI HERALD STAFF BY M ARTHA BRANNIGAN [email protected] Up, up and up. The average price of a downtown Miami condo unit rose 9.1 percent to $404,927 in the second quarter from $371,205 a year earlier, according to a new report. The study by Focus Real Estate Advisors and Goodkin… Read more »
Is ICON Bay going to occupy the now disbanded “ICE” project site?
No, the Onyx 2 site.
Additional information can be found using the link below. The page also includes a link to the e-brochure for Icon Bay.
http://www.miamicondoinvestments.com/condo/icon-bay/
amazing. I heard they are planning to price it pre construction at $475. If they can pull it off and sell all the units at that price, Arts District to Midtown will never be the same again!
A friend of mine who had a pre const. contract at Paramount Bay wanted to walk away because for the choicest line (3/3) she was asking for $400/sf and the developers are sticking to $420/sf. I implored her not to walk away. I think they settled somewhere in between. So she could turn around and flip that unit for $600! What a turn of events! BTW Choice Bayfront lines in 1800 Club are hitting $400/sf (just $50 short of the all time peak prices commanded in Winter 2006 which I believe were $450/sf) and Paramount Bay already is hitting the… Read more »
AJ,
Paramount Bay is closing out the remaining 15% of inventory around $600 per sq/ft currently. They are 85% sold in just over 9 months with average prices in the $500’s per sq/ft decorator ready. Icon Bay will be sold completely finished around $500 per sq/ft.
Brochure:
http://www.scribd.com/doc/102083839/Icon-Bay-Ebrochure