Biscayne Beach Is Preparing Closing Letters

Biscayne Beach

To prepare for opening day, the folks over at Biscayne Beach have begun reaching out to the buyers of their 399 new apartments. They are getting updates on contact information and finding out whether the apartments will be closed with financing or cash.

According to the developer’s representatives, closings will begin in January with cash transactions closing first. This barely misses their estimated completion date from the original marketing material in 2013. I always expect construction dates to be delayed, especially with large projects such as this one so delivering the project within a month of the original the estimated date is something to be celebrated.

This project is one of my favorite in the Edgewater area. The building is 51 stories and the amenities are unique. I hope we will get to take a photo tour for you once the TCO is delivered! Stay tuned as we work on that.

Unafraid of Market Slowdown, Colombian Developer Proposes Naranza at Edgewater

Pool deck

 

Ay dios mio! The Miami real estate market is in the doldrums and yet, hey this is Miami, where out-of-towners come to live out, and build, their flights of fancy. Hey, we don’t judge. Introducing Naranza at Edgewater, a 137 unit, 20-floor condo tower being launched in August by Colombian developer Prodesa. The building is at a site on NE 31st Street, East of Biscayne Boulevard, and immediately behind the Related Group’s Paraiso megaproject, which means the copious bay views in the project’s renderings (above and below) won’t actually exist. Sorry Charlie.

It’s being designed by Arquitectonica, and comes with the standard crop of amenities, including gym, clubroom, spa, and pool on the 6th floor amenity deck, and a roof deck up on the 20th. Anywho, according to Fortune International Realty, which is handling the sales, pricing is the least expensive per square foot available in Edgewater. 1 bedroom units start somewhere in the $300,000s.  However, those 1-bedrooms are a rather smallish 650 square feet. Units range from there to larger corner two-bedroom units, with dens, in the high $500k. So, is it a bargain? You decide.