Check Out the Amenities at Fisher Island’s Very Plush Palazzo Del Sol
Residential lounge and view of Government Cut. All photos by Lucas Lechuga.
Residents are already moving in to Fisher Island’s completed Palazzo Del Sol, where the luxurious 47 unit building is the first new residential building to be completed on the ultra-private island in ten years. Designed by Kobi Karp, with interiors by Antrobus & Ramirez, and landscaping by Enzo Enea, Del Sol takes Fisher Island’s traditional Mediterranean Revival architecture and modernizes it as much as possible. Lines are straighter, walls are glassier, and many of the interior spaces are just massive.
In a trend reflected in many of its amenities, like the spa facilities and the residents’ lounge and aperitivo bar, Del Sol is offering in-building services that residents previously had to travel to the island’s club to take advantage of. Whereas Fisher Island has always been very secure, Del Sol is the first building on Fisher with interior lobbies and door men. You can now chose to have your workout in the fitness center downstairs from your unit, or take your golf cart to do it at the Fisher Island Club. You can have your morning coffee at the aperitivo bar, or again, take that golf cart to the club. Other amenities include private massage rooms, a beauty salon, a children’s playroom, poolside cabanas for purchase, a business center, and a movie theater.
Largely completed, Del Sol is currently fitting out two model units which are expected to be completed by August. Next door, the building’s twin, construction of Palazzo Del Luna is underway. The foundation, with an underground garage like Del Sol’s, is complete, and vertical construction is beginning. The first crane to be put in place is easily visible from the MacArthur Causeway.
Palazzo Del Sol is being exclusively sold by broker Dora Puig’s Luxe Living Realty, which Miami Condo Investments is affiliated with.
Tennis Pro Andy Murray Unloads Condo at Jade Brickell
Andy Murray’s Condo at Jade Brickell.
Tennis pro Andy Murray, currently ranked the #2 tennis player in the world and a 2012 Olympic gold medalist, is selling his $2.9 million 45th floor unit at Jade at Brickell Bay, according to Variety’s Real Estalker. The Scotsman picked up the unit, with distant views of the tennis center at Crandon Park, in July 2008 for $1.575 million, must have used Jade Brickell Unit #4501 as a vacation home since then (as evidenced by the limited interior decoration and kitschy Union Jack pillow as a memory of home), finally listing it for $2.9 million. MLS data now indicates a sale is pending.
Since setting up camp at Jade, Murray picked up two UK homes, including a ‘mock-Regency’ outside London, and a 19th century Victorian mansion called Cromlix house outside his hometown of Dublane. Just like many a local boy gone big, yes even Murray returned home to nab the village manor. Museum or not, just think of how many a very young Miamian has walked into Vizcaya and thought “someday I’ll buy this place.” No word yet on whether Murray is finding somewhere else to stick his flagpole in Miami, or going home to play ‘country squire’ full time.
Photo courtesy Miami MLS
Sales Launch for Auberge Residences’ First Tower
Auberge Residences viewed from the Arsht Center
After lots and lots of planning, the Related Group is having the grand opening of the new Auberge Residences Miami sales center in typical Miami style with a launch party this week. The developer appears to have adjusted to softening market conditions by erasing the planned second and third towers from renderings and putting them off while they focus on the first. However, by the look of everything else related to the project, this is still very much Miami, where decadence and financial profligacy still reign.
The 60-story tower will have 290 units (far fewer, of course than in the three-tower configuration), 90 suites managed by Auberge Resorts, lots of art, outdoor pools on the 12th floor and 60th floor, and a spa with what in a rendering appears to be an indoor pool. The 12th floor will have other amenities galore, including a wine room, cigar lounge, club room, media room, restaurant, etc. Downstairs, restaurants and retail will activate the street. The structure is being designed by Arquitectonica, with exterior spaces by landscape architect Enzo Enea. Piero Lissoni is doing the interiors.
Prices are in the $500,000s for one bedrooms with dens, under $1 million for 2 bedrooms, and in the low $1 millions for three bedrooms. Penthouses, some of which are duplexes, range from $1.7 to $4.1 million.
Brickell City Centre Reach Tower Is Officially Open
At long last, Brickell City Centre’s first residential tower has opened! Reach Tower has received its certificate of occupancy from the city and closings have begun. The closings just began this week and the first residence to hit the public records was apartment 2109. That closed on Monday, April 11, according to The Next Miami.
Sources with the development have indicated an average sales price of $650/square foot for the 390 residences, 335 of which are currently under contract. The first investors to commit to the development were offered lower prices in exchange for believing in the project when it was in the conceptual phase. Apartment 2109 is a 2 bedroom with 1,501 interior square feet that closed for $884,300, or $589/square foot.
At the time of this post, we have not yet seen any of the apartments come to the rental market although they are expected soon. Some investors have mentioned to our agents that they intend to list the rental units for $3500/month for one bedroom options and $4500/month for two bedroom options.
The apartments are being delivered finished and ready for furniture, so we will not have to wait for interiors to be built out before seeing new neighbors occupying the tower. If you would like a tour of the development for purchase or lease, we are happy to arrange it.
Brickell Flatiron Issues Groundbreaking Notices; Construction Begins in March
Fans of Ugo Colombo will be overjoyed to hear that groundbreaking notices have been delivered to the buyers of Brickell Flatiron, the long-awaited project at 10th Street & South Miami Avenue in Brickell. According to the notices, the official groundbreaking is scheduled for March 16, 2016 although preliminary site work will be commencing immediately.
Locals will recall that this groundbreaking has been quite long-awaited. Ugo Colombo’s CMC Group purchased the site in 2013 for $21 million. In January 2015, the popular neighborhood restaurant/nightclub was closed to make way for the development. Since the closing and demolition, not much has been said with regard to the actual construction start date. The site has been used as overflow parking for the neighboring shopping center and restaurants.
This groundbreaking is very much a triumph for the neighborhood as Ugo Colombo is one of the area’s most celebrated developers. His previous projects have been among the most successful developments in the city and tend to hold their value through market fluctuations better than some of the competing buildings due to their quality and unique design. Some of his previous projects include Santa Maria, Bristol Tower and the Epic Hotel and Residences in Brickell as well as the famed Grovernor House in Coconut Grove.
One of the aspects that we appreciate the most from Ugo Colombo’s developments is that they have a more lasting effect on the skyline. Buildings that he built 10 or 20 years ago still appear brand-new in the skyline and do not show their age even as newer buildings pop up around them. The average resale price of Mr. Colombo’s developments stands at $757/foot over the last year, compared to $506/foot for the same time period for all buildings developed by The Related Group.
Purchase opportunities are still available at Brickell Flatiron, in the range of $600/foot depending upon layout and floor location. Residences will be delivered in 2018 fully finished with Italian porcelain tile. Contact us for details about the available opportunities or to speak about your specific needs for a condo.
The Bond at Brickell Releases Final Inventory, Prepares for Completion
Miami-based Rilea Group is preparing to open their latest residential tower, The Bond on Brickell. This British-inspired luxury tower has 323 total apartments through 44 floors with layouts ranging from studios, 1, 2 and 3 bedroom apartments along with exclusive lofts and penthouses.
One of the aspects we like the most about The Bond is the fact that Rilea had the foresight to purchase the air rights to the building directly east of the tower, preventing future development that would sacrifice the views of the residents in The Bond. The blocking of views has become an issue for many buildings in the neighborhood, most notably the Infinity at Brickell, whose bay views were blocked by the construction of SLS Brickell just one month after completing their initial sell-off.
Unlike most of the towers in Brickell, The Bond is one of the first to deliver the residences fully finished and ready for occupancy. Many previous buildings have delivered their apartments decorator ready, or still in need of flooring, lighting packages, paint and window treatments. The apartments at The Bond include porcelain flooring throughout, Bosch appliances and Nolte cabinetry.
The developer has released the final 11 opportunities in preparation for the opening of the tower. The remaining apartments are comprised of a mix of 796 square foot 1 bedroom units with a den up to 1,217 square foot 2 bedroom units with a den as well. Prices range from $496,900 to $689,900 depending upon size and view. Contact us for information about specific opportunities. The apartments will be ready for move-in upon closing in March.
Auberge Residences Miami Video, Floor Plans, and More
Along with a few changes, additional information regarding Auberge Residences Miami has been released. Rather than 340 condo residences, there will now be just 290. Each will come with private elevator access and ceiling heights of 9, 10, or 11 feet. There will also be four double-height penthouse residences at Auberge Miami with 22-foot high ceilings.
Below, I’ve included the video for Auberge Miami along with the recently updated floor plans, fact sheet, and brochure. Reservations begin this Wednesday, February 10th. Prices for 1 bedroom units start at $297,400, but I was told earlier today that the developer already has more LOIs than actual 1 bedroom units that exist in the building.
Introducing Auberge Residences & Spa Miami; Reservations Begin February 10th
Get your checkbooks ready! Related Group is set to launch their latest preconstruction condo development – a luxurious, 60-story tower called Auberge Residences & Spa Miami, which will be located at 1400 Biscayne Boulevard in the newly coined Arts + Entertainment District. The tower will include 410 total units, comprised of 340 residences – with 1, 2, 3, and 4 bedroom floor plans – and 70 condo-hotel units. Designed by world-renowned architectural firm Arquitectonica,the all-glass tower will face east-southeast towards Museum Park and offer breathtaking views of the bay, city, and ocean. Interiors will be designed by famed interior designer Piero Lissoni and landscaping by the award-winning landscape architect Enzo Enea. The grounds and common areas at Auberge Residences & Spa will feature museum-quality artwork by celebrated artists such as Jaume Plensa, Fernando Botero, and Julio Le Parc.
Amenities at Auberge Residences & Spa Miami will include a 60th floor pool deck with food and beverage service, a world-class spa, full-service concierge, and more. Located at the corner of 14th Street and Biscayne Boulevard – directly across the street from the Adrienne Arscht Center for the Performing Arts – Auberge Residences Miami will be within walking distance to Museum Park and the upcoming Miami Worldcenter and within 15 minutes of Brickell, Wynwood, Downtown Miami, and Miami Beach.
Reservations are set to begin on February 10th. Units will be released in batches with the first batch averaging $575 per square foot. A 10% deposit will be required to reserve a residence and contracts are expected to go out in late-March, at which point an additional 10% deposit will be due.
Auberge Residences & Spa Miami is expected to be completed in early 2019.
Week in Review: How to Avoid the Federal Disclosure Law for Cash Purchases and Other News…
Rendering from Paramount Miami Worldcenter
Week of January 17-23, 2016.
The US Treasury announced this week that starting in March, title companies will be required to disclose the identities of buyers to government regulators for all cash purchases above $1 million in Miami’s residential real estate market. They are hoping to put a stop to illicit funds being laundered through the cash purchases, but effectively are also spooking legitimate buyers who simply do not wish to have their buying habits publicly disclosed.
Fear not, fancy condo shoppers. The ink is not even dry on the new order and The Real Deal has already compiled a list of 7 ways that the rule can be circumvented. [The Real Deal]
Last week, the developer of Miami Worldcenter announced that it is scrapping the plans for an enclosed mall just days after Macy’s announced multiple store closings due to slow sales. After this announcement Taubman and Forbes cancelled their contract with Worldcenter, causing a flurry of rumors and news stories stating that the project would be scrapped. It turns out that everyone jumped the gun. According to the developer and this Taubman release, the project is not scrapped. The contract just needs to be renegotiated to reflect the new building plans. [Zacks]
While everyone was up in arms about the potential drama at Miami Worldcenter, Brickell CityCentre released their updated list of all retailers, shops and restaurants that will be opening with the mall. The shops will begin individual build-out soon and is scheduled to open later in the year. [The Next Miami]
In possibly the least surprising news of the week, Car2Go finally announced that they are suspending service effective March 1. They say that the reason for the service-shuttering is low ridership and high state taxes, locals have not wasted time or minced words with their own theories. It seems they have been in trouble with their client base for some time due to poor handling of a PR incident involving a drunk driving accident, not offering service in many important areas of the community, poor customer service and unreliable service. We think it can be easily explained by simple economics… why pay more to drive yourself in a shared smart car with a complicated service when you can pay less and have an Uber car pick you up at your doorstep and drop you off wherever you want to go? The choice is simple. [Curbed]
