New Waterfront Condo Development Proposed in Edgewater
The same developers that brought you One Thousand Museum are proposing a new waterfront luxury condo development in the Edgewater neighborhood. Receiving its name from its street address, 710 N.E. 29th Street, 729 Edge will sit on 0.47 acres along Biscayne Bay.
The five parcels that the developers have planned for this project are currently under contract and they also plan to buy out Harbor 29 condominiums for this development as well.
The project itself would expand 342,848 square feet rising 58 stories tall. There would be a proposed 70 luxury units with three to five-bedroom options. The breakdown of the units would be one to two units per floor. Full floor units would expand a total of 6,174 square feet. 729 Edge would also feature 2 penthouses-styled townhomes spanning two floors.
The parking garage would rise 9 stories featuring 160 spaces. The garage is planned to be developed on 483, 485, 501, and 530 N.E. 29th Street totaling 0.41 acres. These lots are also under contract with the developers.
There would also be 13,037 square feet of commercial space between two buildings with a restaurant on the lower level of the condo tower.
Zaha Hadid with ODP Architecture & Design was the mastermind behind the design of One Thousand Museum. For 729 Edge, ODP will be the architecture and will feature some similar elements to Hadid’s designs.
Amenities will be similar to those of One Thousand Museum.
Tower Amenities:
Private dock
Lounge/bar
Business center
Private dining room
Theater room
Storage space for owners
Fitness room
Salon/spa
Indoor pool
Juice bar
Sky lobby on the top floor
Plans for 729 Edge have already been submitted to the city’s Urban Development Review Board but will be reviewed on October 20th. Proposed by 710 Edge LLC, owned by Kevin Venger, Michael Konig, Louis Birdman, and Alex Posth were also a part of the development of One Thousand Museum.
Modera Biscayne Bay Construction Nears Completion with Resident Occupancy Beginning in August 2021
Modera Biscayne Bay in Edgewater is a 28 story tower that has neared completion. Construction originally began in 2019 but was delayed due to the pandemic. The tower topped off construction in May and began pre-leasing shortly after.
According to the developer, Modera has leased 45% of its units within the first month of pre-leasing. Starting in August, the new residents can begin to move in.
Rising 28 stories, Modera Biscayne Bay is located at 2150 N. Bayshore Drive in Edgewater. Modera is set at a prime location near shopping, dining, and entertainment. According to Mill Creek Residential, the project will include a new walking connection from Bayshore Drive to 22nd Street underneath Modera.
Mill Creek Residential is the developer for this project and Corwil Architects is responsible for the design.
The mixed-use tower features 296 apartments, 11,000 square feet of retail space, and an 8-story parking garage with 425 spaces.
Building Amenities:
ROOFTOP HOTEL-INSPIRED POOL
27TH FLOOR BAY VIEW OUTDOOR TERRACE
CLUBROOM WITH DEMONSTRATION KITCHEN, GAME AREA, PRIVATE LIVING AND DINING AREAS FOR ENTERTAINING, AND SEPARATE CATERING KITCHEN
CLUB-QUALITY FITNESS CENTERYOGA/PILATES STUDIO WITH VIRTUAL FITNESS CLASSES ON DEMAND
UNOBSTRUCTED VIEWS OF THE OCEAN IN THE LOUNGE
OUTDOOR GRILLING AREA
INTERNET LOUNGE AND PRIVATE OFFICES
CONFERENCE ROOM
GOURMET COFFEE BAR
24-HOUR SELF-SERVICE PACKAGE LOCKERS
ADDITIONAL STORAGE
BIKE STORAGE
PARKING GARAGE
PET SPA
Residence Features
1-, AND 2- AND 3-BEDROOM APARTMENT HOMES (DEN AND PENTHOUSE ALSO AVAILABLE)
QUARTZ COUNTERS WITH TILE BACKSPLASHES IN THE KITCHEN
STAINLESS STEEL ENERGY STAR APPLIANCES
TILE FLOORING
FULL-SIZE WASHER AND DRYERKEY FOB ENTRY SYSTEM
BAY VIEW BALCONIES
WIFI PROGRAMMABLE THERMOSTATS
WALK-IN CLOSETS WITH MASTER CLOSET LUXE UPGRADES
WINE STORAGE
BUILT-IN SHELVING AND DESK AREAS
MOVABLE ISLANDS
15-FOOT CEILINGS
DOUBLE VANITIES
For more information on Modera Biscayne Bay or any other towers in Edgewater, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Plans for Aria Reserve Towers Officially Approved
Miami’s Urban Development Review Board voted last Wednesday on approval for Aria Reserve in Edgewater. Approval was received from Miami’s Planning Department and was key in beginning the first steps of the twin tower construction project.
Sales for Aria Reserve South tower began last month, and according to the developers, the Melo Group, condo sales are strong. With over 20% of the units already reserved, they are expecting an increase in sales.
Rising 60 stories at 627 feet, Aria Reserve features two towers and will be considered the tallest residential twin towers in the United States. Each tower will feature around 390 units and 1,608 parking spaces.
Units are starting at $750,000 and the 15 penthouses are starting at $12 million. Units will feature 1 to 4 bedroom floor plans with 1,100 to 2,600 square feet of living space. The penthouses will range from 3,500 to 9,000 square feet, each with a 3-car garage.
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
Based on market demand, the Melo Group with determine whether to begin sales for tower 2. 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.
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.
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.
Modera Biscayne Bay Tower Tops Off – Preleasing Begins May 2021
Modera Biscayne Bay recently toped off on the 28-story tower located at 2150 N Bayshore Drive in Edgewater. This luxury mixed-use residential tower features 296 apartments for rent, 11,000 square feet of retail space, and an 8-story parking garage with 425 spaces. This tower was originally occupied by Unity on the Bay Church before demolition.
1, 2, and 3 bedroom apartments (den and penthouse options available)
Energy Star® stainless steel appliances
Quartz countertops
Tile flooring
Upgraded fixtures
Tile backsplashes
In-home washers and dryers
Walk-in closets
Programmable thermostats
Private patios or balconies
Select units feature:
15-foot ceilings
Breakfast bars
Double vanities
Linen closets
Built-in storage/shelving.
As construction continues with the last phase, Modera Biscayne Bay will begin pre-leasing in May 2021.
David Guetta’s Duplex Penthouse at Paraiso Bay (Video Tour)
As they say, good things come to those who wait. After waiting three-plus years for Related Group’s Paraiso Bay condo development to be completed, David Guetta’s custom-designed, duplex penthouse has been unveiled. The internationally acclaimed DJ and songwriter closed on it last September for $6 million and, after being on the market for only two days, was recently leased for $18,000 per month. Zelda Freud and Michael Wiesenfeld represented Guetta in both transactions.
Below is a video of David Guetta’s Miami penthouse. The three-bedroom, 4.5-bath condo residence was entirely custom-designed by famed Italian designer Piero Lissoni. Located on the 53rd and 54th floors of Paraiso Bay, it breathtaking views of the ocean, city, and bay. The first floor – which spans 2,387 square feet of interior space plus a 429-square-foot balcony – features a double-height foyer and wraparound staircase, a master bedroom, living room, and open kitchen. The second floor features a 373-square-foot den and 2,121-square-foot rooftop terrace with private pool and summer kitchen.
“The development brings together the best of everything that makes the city so magical – the ocean, cuisine, design, art and culture,” says Carlos Rosso, President of The Related Group’s Condominium Development Division. “With its endless list of amenities, impressive oceanfront location and close proximity to Miami Beach, the Miami Design District and Brickell, it’s no wonder we’ve had so many A-listers purchase residences here.”
Additional celebrities who have already purchased units at Paraiso include Alex Rodriguez, Gael Monfils, and Arantxa Sanchez.
A Photo Tour of the Amenities-packed Gran Paraiso
Gran Paraiso – the fourth and final tower of Related’s Paraiso District – has been completed. The 54-story condo development began closings on January 9th. To date, over 225 of the building’s 317 total units have closed (over 70 percent).
Gran Paraiso was designed by international architecture firm Arquitectonica with interiors and common areas designed by famed Italian designer Piero Lissoni. The non-penthouse residences at Gran Paraiso are comprised of one-, two-, three-, and four-bedroom options ranging in size from 1,075 to 2,232 interior square feet plus balcony. Each and every unit at Gran Paraiso offers direct, sweeping views of the water.
Perhaps the most amazing thing about Gran Paraiso is the quantity and quality of its amenities. To be fair, it’s perhaps the most amazing thing about Gran Paraiso AND Paraiso Bay because the two towers share amenities. When Paraiso Bay was delivered last April, it was said that roughly only 40 percent of its overall amenities were completed. That figure was almost incomprehensible because the amenities that were delivered at the time seemed plenty when compared to projects of similar size. (Keep in mind, Paraiso Bay has only 346 total units while Gran Paraiso has just 317).
The amenities that were delivered last April included a large clubroom with billiards table and catering kitchen; private screening theater; wine cellar and tasting salon; a cigar lounge with private humidors; teen’s game room; children’s playroom; a fitness center (albeit a smaller, temporary one); and a three-acre-plus, resort-style amenities deck with a dramatic circular zero-entry pool, outdoor spa, poolside cabanas, and summer kitchen.
Now, with the completion of Gran Paraiso, comes the rest of the amenities, which include a much larger, state-of-the-art fitness center with TechnoGym fitness and cardio equipment; a spin room equipped with TechnoGym bikes; indoor sports facilities with three bowling lanes, two billiards tables, two foosball tables, and high-definition golf simulator; Hammam spa with separate men’s and women’s steam and sauna facilities; and tennis center with lighted tennis courts and multipurpose court. Of those recently-delivered amenities, perhaps the most anticipated has been the bowling lanes. My photographer photographed it a few weeks ago on the day of its official opening and the management office already had reservations booked for several weeks in advance.
When added all together, one could easily make the argument that the amenities shared by Gran Paraiso and Paraiso Bay are the best in town. Related Group has delivered something enjoyable for all ages in this amenities-packed wonderland.
Over the past year, I’ve had the distinct pleasure of touring upon completion each of Related’s four Paraiso buildings with Carlos Rosso, President of Related. “We have created a luxury private neighborhood in Edgewater that will transform the area like we have done in the past with South of Fifth and Downtown Miami; Related has been the first developer to move in and redefine a whole area,” said Rosso. In Paraiso District, Related has brought interior designers from all over the world, including United Studio from London for Paraiso Bay, Piero Lissoni from Milan for One Paraiso and Gran Paraiso, Karim Rashid from New York City for Paraiso Bayviews, and, finally, Meyer Davis also from New York City for Amara Beach Club.
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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!
Market Stat Monday: Biscayne Beach
As the busy season for Miami real estate progresses, we’ve noticed quite the increase of inquiries from both renters and buyers for one of Edgewater Miami’s most upscale developments: the beautiful, Biscayne Beach. Its most notable feature is found on the ground floor of the building – mainland Miami’s first-ever beach club, complete with sand, lounge chairs, beach volleyball, and cabanas. Also, a highlight of the building is the gorgeous interiors by internationally-acclaimed celebrity interior designer, Thom Filicia (of Bravo’s hit TV show, Queer Eye for the Straight Guy). Completed in July of 2017, Biscayne Beach saw its first condo resale in September and has since seen 6 other resales closed to date.
Let’s check out the stats for our prospective renters and buyers…
Current Inventory
According to the MLS, there are 68 units currently available for rent of the building’s 391 total residences, 9 listed as pending rentals, and 48 marked as rented. Of those 68 units available for rent, 20 are 1-bedroom floor plans, 34 are two-bedrooms, 12 are three-bedrooms, and the final two are a penthouse and a beach house residence.
82 units at Biscayne Beach are currently listed for resale, with 3 marked as pending, and 7 closed.
Closed Rentals
Here are the price ranges for the closed rentals to date:
-1 bedroom units: $2300 – $2900 per month
-2 bedroom units: $2,500 – $4,200 per month
-3 bedroom units: $5,200 – $6,600 per month
Closed Resales
Here are the sales prices for the 7 resales that have closed to date:
-1 bedroom units:
-#1009 – $573,000 ($488 per sq ft)
-#2009 – $504,000 ($477 per sq ft)
-#3509 – $530,000 ($501 per sq ft)
-3 bedroom units:
-#1907 – $1,050,000 ($499 per sq ft)
-#2307 – $1,255,000 ($597 per sq ft)
-#3307 – $1,250,000 ($594 per sq ft)
-#4007 – $1,400,000 ($666 per sq ft)
The fact that all the closed resales so far are either of the 07 or 09 lines tells us that these two floor plans are the building favorites. Considering that they are located at the southeast (07 line) and southwest (09 line) corners of the building, there’s no wonder why. The view really opens up to the south with the added bonus of being able to enjoy views of the Downtown Miami skyline and sunset.
While stunning bay views, gorgeously designed interiors, and high-end finishes are bountiful at Biscayne Beach, there’s no question that its amenities are what makes this building so unique. From a family-friendly club room and children’s water feature at the impressive beach club to a residents-only amenities floor with a BBQ, tennis courts, dog walking area, and a pool; all it’s missing now is a tenant for the large, commercial restaurant space on the waterfront side of the lobby level. Check out the photos below.
If you or anyone you know has an interest in leasing or purchasing a condo at Biscayne Beach, email us at [email protected] to speak with one of our expert agents.
