Ten Museum Park Pet Policy Change
At a recent board meeting, the Residential Board of Directors for Ten Museum Park voted and passed to overturn the pet policy. Once again, renters will be permitted to have a maximum of two pets per unit with a combined total weight not to exceed 100 pounds. All unit owners and renters will required to fill out a pet registration form, submit a photo of their pet(s), and remit a non-refundable $50 pet fee per pet. The policy change will go into effect starting December 19, 2014.
In my opinion, this is great news for unit owners in the building, especially for investors. There have been so many times that I have had to turn away prospective renters from Ten Museum Park simply because they have a pet. Up until around August 2013, Ten Museum Park had been a pet-friendly building and a favorite among pet owners due to its open floor plans. The change should increase rental demand for units at Ten Museum Park, which should in turn have a positive impact on rental prices. As it stands, rental inventory is low in the building. Currently, there are just 6 units available for rent at Ten Museum Park of 200 total units. With the newly opened, $40M Museum Park right across the street, I am sure Ten Museum Park will once again be a favorite among dog owners.
Just Listed – Unit 2402 at Ten Museum Park – Asking $969,000
I am pleased to introduce my newest listing at Ten Museum Park – unit 2402 – a beautiful 2 bedroom, 2.5 bath, bi-level loft with over 1,800 interior square feet and a private balcony overlooking the newly opened Museum Park. The property features soaring 20-foot ceilings with floor-to-ceiling glass windows; stainless steel appliances by Sub-Zero, Miele, and Bosch; a Terrazzo-topped custom kitchen island; utility room with full-size washer and dryer; a full glass-enclosed shower with rainfall shower head; and direct, unobstructed views of the Atlantic Ocean, Biscayne Bay, and Miami Beach skyline.
As of this posting, unit 2402 is the best priced unit in the building among those that offer a direct water view. As you may recall, I recently listed and sold unit 1802 – a 2 bedroom located six floors directly below unit 2402. That one received multiple offers and went under contract within 7 days. With peak season right around the corner, I am confident that interest in this property will be equally as great.
Below, you will find additional photographs of unit 2402 at Ten Museum Park. If you or someone you know have an interest in viewing this property in person, please contact me via email at [email protected] or on my cell phone at 786-247-6332.
Paramount Miami Worldcenter – Now Accepting Reservations!
The moment has finally arrived – reservations for condos at Paramount Miami Worldcenter are now being accepted. In this initial offering, the developer is releasing just 60 of the tower’s 470 total units. Each residence at Paramount Miami Worldcenter will have 10-foot ceilings, a private elevator, and either 11-foot or 14-foot deep terraces. To give you sense for the size of the terrace space, they are as large or larger than most master bedrooms in Miami. The floor plans are huge! The smallest 1 bedroom condo has 1,294 interior square feet; the smallest 2 bedroom condo has 1,690 interior square feet; and the smallest 3 bedroom condo has 2,320 interior square feet. Paramount Miami Worldcenter reminds me of something out of Las Vegas mixed with Time Square. I will have the renderings within the next couple of days. Be ready to be impressed. This development is truly remarkable. Contact me for additional details.
Paramount Miami Worldcenter will rise 700 feet and include 466 total residences comprised of the following mix of units:
- 1 bedroom + den/2 bath (ranging from 1,294 interior square feet to 1,386 interior square feet) – starting at $690,000
- 2 bedroom + den/3 bath (ranging from 1,630 interior square feet to 1,753 interior square feet) – starting at $980,000
- 3 bedroom + den/4 bath (ranging from 2,320 interior square feet to 2,376 interior square feet) – starting at $1,400,000
- Villas (will be released at a later date – located on the 9th floor; private swimming pool and rooftop Jacuzzi; approximately 3,000 interior square feet) – TBD
- Penthouses (will be released at a later date – located on floors 46 through 54) – TBD
Below is the Paramount Miami Worldcenter building floor plan key for condos located on floors 11-45:
Below are the floor plans for condos at Paramount Miami Worldcenter. They are displayed in order starting with the 01 line and ending with the 12 line. Take note of the size of the terraces (AKA “outdoor living rooms”).
Amenities at Paramount Miami Worldcenter will include the following:
- 9th Floor Amenities
- Recreation Lounge
- Outdoor Lounge
- State-of-the-art Fitness Center
- Boxing Studio
- Aerobics Area
- Treatment Rooms
- Hair/Nail Bar
- Outdoor Bath Gardens
- Kids Play Room
- Video Game Play Room
- Social Lounge (Pool Table, etc.)
- Karaoke/Jam Room
- Recording Studio
- 10th Floor Amenities
- Resort-style Pools with In-pool Cabanas
- Walking Paths
- Picnic/BBQ Areas
- Yacht Skyview Deck amenities located at the very top of Paramount Miami Worldcenter
- Skyview Lounge
- Pool
- Bar
- Yoga Deck
Deposit schedule for Paramount Miami Worldcenter is as follows:
- 10% at reservation – NOW
- 10% at contract (1st quarter of 2015)
- 10% at groundbreaking (2nd quarter of 2015)
- 10% at 8th floor (4th quarter of 2015)
- 10% at top-off
- 50% at closing (Summer 2018)
Paramount Miami Worldcenter development team:
- Developer – Daniel Kodsi, Art Falcone, and Nitin Motwani
- Architect – Elkus Manfredi Architects
- Interior Design – ID & Design International
The following videos provide an overview of the Miami Worldcenter Master Plan which includes not only Paramount Miami Worldcenter but also The Mall at Miami Worldcenter:
Paramount at Miami Worldcenter – Preconstruction Condo Sales Coming Soon
The moment is almost upon us – a moment that has been in the making since 2008 when the Miami City Commission approved a development agreement with Miami Worldcenter and endorsed its Master Plan for Downtown Miami. Fast forward to the present and that Plan is about to become a reality. Spanning nearly 30 acres with projected costs over $1.5B, Miami Worldcenter will be the second largest urban development in the United States. It will include 765,000 square feet of signature retail anchored by Bloomingdale’s and Macy’s, 4.5 acres of open space, 7,000 new parking spaces, and an ultra-modern Marriott Marquis World Convention Center Hotel with 1,800 rooms, 600,000 square feet of convention space, and an 80,000 square foot outdoor event deck. To top it all off – literally – the Master Plan for Miami Worldcenter will include multiple residential towers with over 1,000 units.
The first residential tower to launch will be Paramount Miami Worldcenter – a luxury condo development rising over 700 feet with 60 stories and 466 total condo units. Yesterday evening, along with a few of my close clients, I received a full presentation and must say that I was blown away. I am not at liberty to divulge much else in such a public forum but will say that that Friends & Family pricing is set to launch in the coming weeks followed by a more public launch towards the end of this year. If you have even the faintest of interest, please do not hesitate to contact me for additional details. You may reach me at [email protected] or on my cell phone at 786-247-6332.
To give you a better sense for Miami Worldcenter’s Master Plan, I have included a few videos below:
Circuit Layout for Formula E Miami ePrix
Earlier today, Mayor of Miami Tomas Regalado formally announced that Miami will host “the first electric single-seater race in America”. The Miami ePrix will take place in Downtown Miami on an eight turn, 1.35-mile circuit down Biscayne Boulevard and looping the American Airlines Arena, home to the Miami Heat. The course will also run along the newly opened Museum Park, offering plenty of space for spectators to watch the race from street-level, as well as in front of Downtown Miami condo high-rises Marinablue, 900 Biscayne Bay, Ten Museum Park, and Marquis Residences. The race is set for March 14, 2015.
FIA Formula E Championship Race Coming to Downtown Miami on March 14, 2015
How exciting! On March 14, 2015, Formula E race cars will be racing through the streets of Downtown Miami. The 2014/2015 FIA Formula E Championship will be contested over 10 rounds taking place on city-centre circuits around the world. Miami was chosen as one of those cities and will have electric race cars racing down Biscayne Boulevard. A formal announcement will be made this upcoming Monday, October 20, 2014.
For those who have lived in Miami long enough to remember, you may recall that, up until 1995, Champ Car (formerly known as CART) race cars raced on a speedway track located at Bicentennial Park (currently known as Museum Park) in Downtown Miami. In 1996, the race was moved to the newly opened $70M Homestead-Miami Speedway track located about an hour south of Downtown Miami in Homestead, Florida. The return of race car driving to Downtown Miami, in my opinion, is beyond exciting. As one might guess, the various condos in Downtown Miami situated along Biscayne Boulevard will provide a front row seat to all the action. Start your engines!
Update: Formula E Miami ePrix race track revealed
Demolition of the BP Gas Station in Downtown Miami – [VIDEO]
As mentioned in my previous post entitled “Gas Station Closes; One Thousand Museum is One Step Closer“, the BP gas station located at 1000 Biscayne Boulevard in Downtown Miami has closed up shop to pave way for the start of construction of One Thousand Museum – an ultra-luxury residential condo development designed by world-renowned architect Zaha Hadid. Yesterday afternoon, I was able to get some great footage of the demolition that was well underway by that point. The footage provides three points of view of the action. As you will see, the underground fuel tanks had already been removed and were being crushed like aluminum cans by the bulldozer. Fun times!
Just Sold – Ten Museum Park Units 1802 and 1708
Units 1802 and 1708 at Ten Museum Park are now officially closed. Unit 1802 (pictured above) – a 2 bedroom, bi-level loft with 1,802 interior square feet – sold in just 7 days for $900,000 while unit 1708 (pictured below) – an 808 square foot 1 bedroom condo – sold in just 16 days for $338,000. It came as no surprise since both units showed beautifully and were attractively priced. The $900,000 price paid for unit 1802 was the highest price ever paid for a 2 bedroom, non-corner unit at Ten Museum Park. I represented the seller in the sale of unit 1802 and represented both the seller and buyer in the sale of unit 1708. I now have unit 1708 listed for rent with an asking price of $2,450 per month. If you or someone you know may have an interest in renting it, please contact me for additional details and/or to request a showing. See bottom of this post for a video of unit 1708.
Video of Ten Museum Park #1708:
Gas Station Closes; One Thousand Museum is One Step Closer
Miami is one step closer to being graced with her presence. One Thousand Museum has checked off yet another milestone on its roadway to fruition. The BP gas station, located at the corner of 10th Street & Biscayne Boulevard, is now officially closed. Earlier this morning, while out for a walk, I noticed the parameter of the gas station had been taped off and spotted workers who were in the process of dismantling gas station fixtures.
Keep in mind that prior to development commencing, the remediation process must be completed. I have no idea as to how long that process normally takes but was told a few months ago that construction was guaranteed to begin by the end of this year.
For those unfamiliar, One Thousand Museum is a 62-story architectural masterpiece designed by world-renowned architect Zaha Hadid. The ultra-luxury tower will have just 83 museum-quality residences, comprised of 4 duplex townhouses, 70 half-floor units, 8 full-floor penthouses, and 1 double-story/full floor penthouse. Floor plans range from 4,500 to 15,000 interior square feet and prices range from $5.2M to $45M.
