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:
Just Listed – Unit 1802 at Ten Museum Park – Asking $915,000
I am happy to announce that I recently got the listing on two beautiful units at Ten Museum Park. The first unit, which is pictured above, is a stunning 2 bedroom, 2.5 bath, bi-level loft with over 1,800 interior square feet and a deep, spacious balcony overlooking the newly opened Museum Park. The ultra-modern unit features a clean, chic design; soaring 20-foot ceilings with floor-to-ceiling glass windows; stainless steel appliances by Sub-Zero, Miele, and Bosch; full-size washer and dryer; a full glass-enclosed shower with rainfall shower head; and direct, unobstructed views of Biscayne Bay and the Miami Beach skyline. Priced at $915,000, unit 1802 is currently the best priced unit in the building among those that offer a direct water view. If you or someone you know have an interest in viewing this unit in person, please contact me by email at [email protected] or on my cell phone at 786-247-6332.
Below you will find additional photographs of unit 1802 at Ten Museum Park. Later this week, I will post information and pictures of my second listing at Ten Museum Park – a beautiful 1 bedroom, 1.5 bath loft.
Miami Heat Point Guard Mario Chalmers Lists 5 Bedroom Condo at Marquis Residences for $4M
Yesterday, the Los Angeles Times reported that Miami Heat point guard Mario Chalmers recently listed his 5 bedroom condo at Marquis Residences for $4M. The combined floor plan is situated on the 49th and 50th floors of the northeast corner of the building and offers a direct view of Biscayne Bay, the Atlantic Ocean, and Miami Beach skyline. Consisting of 5,475 interior square feet, the bi-level condo includes 5 bedrooms, 5 baths, a game room, wet bar, state-of-the-art kitchen, and 2 laundry rooms. Also, included in the sale are 4 assigned parking spaces.
In March 2012, Chalmers purchased the luxury condo from hip-hop/rap artist Drake for $2.6M. Drake had purchased the side-by-side units in 2011 then later combined them.
Marquis Residences is a luxury condo development located in Downtown Miami.
Bye Bye Panorama Tower, Hello Panorama
Monday afternoon, while stopping in at the post office located at 1101 Brickell Avenue, I noticed the vehicle shown above parked within a stone’s throw away from the Panorama Tower site. What I immediately found odd is the absence of the word “tower” from the vehicular advertisement. On the driver side, it states, “Brickell’s Loftiest Address is Coming Soon – Panorama” while on the backside of the vehicle it reads, “Look What’s Coming – Panorama”. Perhaps Tibor has decided to make a last-minute change to the development name. Either that or he couldn’t find a big enough vehicle to fit the name in its entirety. If completed, Panorama is expected to be the tallest building in Miami.
Change is on the Horizon for Guests and Residents of Marquis Residences
A few weeks ago, it was reported that Africa-Israel USA, the developer of Marquis, had sold the lower 15 floors of the luxury high-rise to CGI Merchant Group (CGI), a Miami-based investment and asset management firm, for $37.5M. The sale included the Casa Moderna Hotel and Spa, Amuse Restaurant and Lounge, 5,700 square foot retail space, parking garage, and the 14 townhomes that are situated around the pool.
Above, you will find the official notice from the Marquis Condominium Association advising building residents of CGI’s acquisition. It states:
The Miami Marquis Condominium Association and KW Property Management is proud to announce the sale of the hotel portion of the Marquis Residences.
CGI Merchant Group, a Miami-based investment and asset management firm, has acquired the lower 15 floors of the Marquis tower including the first floor “gallery” space, parking garage, spa and 14 townhomes.
CGI is planning to transform and re-brand the hotel, joining in partnership with an internationally renowned, 5 star hotelier, soon to be announced.
Plans call for extensive renovation and upgrades to include converting the townhomes into full-floor hotel suites as well as major improvements to the pool deck and gym amenities. Hotel renovations will include additional luxurious suites and a vibrant new restaurant and event space.
An elegant entrance to the front of the property accommodating the hotel and “gallery” space directly off Biscayne Blvd. will also be included as part of the upgrade.
The Marquis Condominium Board has worked diligently alongside CGI to support the sale while strengthening the relationship by negotiating to have a Condo Board Member represent condo owners at the master level. This opportunity provides direct feedback from the membership while promoting transparency for all parties involved.
The Marquis Condominium Association welcomes the long overdue improvements and amenity upgrades and looks forward to a long-term partnership with the CGI Merchant Group.
More information will be announced within the next couple of weeks. CGI is planning a “Meet and Greet” to detail the improvements and answer questions from the residents.
Regards,
Marquis Condominium Association
My guess is that one of the first questions asked by residents during CGI’s upcoming “Meet and Greet” will pertain to valet parking. Currently, valet parking is free for resident guests. Will the transition to new ownership mean an end to this long-time practice? Also, how long will it take for improvements to be completed? Sounds like the pool and gym may be closed for a long period of time.
I hate to ruin surprises, but “rumor” has it that the hotel will be operated by “Me by Meliá”, which is a luxury hotel brand of Meliá Hotels International with its roots in Spain. I have also heard that The Darby, a popular restaurant and lounge from New York City, will open its first Miami location at Marquis.
On a side note, I was told earlier today that moving forward only owners will be permitted to have a pet at Marquis Residences. Sorry renters, but you are out of luck…once again!
Introducing The Bath Club Estates in Miami Beach
Looking to build on the success of his first luxury development in Miami Beach called The Bath Club, Don Peebles returns almost nine years later to launch a follow-up development called The Bath Club Estates. Located at 6747 Collins Avenue in Miami Beach, The Bath Club Estates will rise 15 stories and feature only 13 total units, inclusive of a two-story penthouse and two villas. Besides the villas and penthouse, each of the units will have a full-floor, fully-customizable floor plan, private elevator and private plunge pool. Also included with each residence are two fully enclosed garage bays within the parking garage plus two additional bay-area parking spaces. Interior design services will be provided by famed Alexandra Champalimaud, Jennifer Post, Joao Armentano, and Alison Spear.
Contact me for pricing
Amenities at The Bath Club Estates will include:
- poolside and beachside food and beverage service
- two chauffeur-driven Maserati house cars at your service
- fitness facility and spa rooms
- 24-hour concierge
- membership to The Bath Club
- fully-equipped video-conferencing
Penthouse Sale at Marquis Breaks Record on Per Square Foot Basis
Recently, a record-breaking sale took place at Marquis in Park West Miami. Unit 6101 – a 4 bedroom, 4.5 bath bi-level penthouse encompassing 3,729 interior square feet – sold last Friday for $2,675,000, or $717 per square foot. This made it not only the highest sale to ever take place at Marquis on a per square foot basis, but also the first sale in the building to the eclipse the $700 per square foot threshold. The view – which is amplified by its soaring 20-foot, floor-to-ceiling glass windows – is nothing short of spectacular. The condo, located on the southeast corner of the 61st floor, offers views of the Miami Beach skyline, Downtown Miami, Biscayne Bay and the Atlantic Ocean.
The penthouse was priced extremely well. I know firsthand that there was a high level of interest from buyers. The unit lasted not even two weeks on the market before going under contract and ended up selling $175,000 above asking price.
The unit was purchased decorator-ready directly from the developer in March 2011 for $1,730,000, or $464 per square foot.
It is important to note that this penthouse is not one of the penthouses that includes a rooftop pool. As you may recall, one of those penthouses sold decorator-ready in June 2010 for $4.2M, or $525 per square foot. That was the mammoth penthouse at Marquis with 8,000 interior square feet across four levels. In case you’re wondering, that is the largest penthouse currently in existence in Downtown Miami. That record will be shattered once THE PENTHOUSE at One Thousand Museum is completed. That penthouse will have a mind-blowing 15,000 interior square feet.
Marquis condos for sale
Marquis condos for rent
One Thousand Museum – The Best Bargain in Town
There isn’t a preconstruction condo development in town that I’m more excited about than One Thousand Museum. It will be more than a building. It will be a work of art. A work of art that I feel has tremendous upside potential. Critics cry foul at the $900-$1,200 per square foot prices. I cry bargain. In my opinion, there isn’t a better bargain in town.
Keep in mind that critics cried foul when prices at Apogee South Beach pushed $1,000 per square foot. They thought it was ungodly. Just four years later, prices there are now over twice that amount. Also keep in mind that units at Apogee South Beach were delivered decorator-ready while units at One Thousand Museum will be delivered move-in ready complete with ultra-luxe design finishes.
Still, naysayers point to the fact that One Thousand Museum is across the bay. They feel that condos on that side of the water won’t see prices push $1,000 per square foot anytime soon. At least, not by 2016 when One Thousand Museum is slated for completion. I’m here to tell you that prices across the causeway have already eclipsed the $1,000 per square foot mark. Epic Residences and Paramount Bay have both had units trade for over $1,000 per square foot. One Thousand Museum will be in an entirely different league. There’s no comparison. It will be unlike anything South Florida has ever seen. And that’s without taking into account the upside potential for the neighborhood as a result of Miami Worldcenter – a 27-acre mixed-use development which will be located directly behind One Thousand Museum. Completion for Miami Worldcenter is estimated for the end of 2016, just as the first residents of One Thousand Museum move into the building.
To learn more about One Thousand Museum, I highly suggest that you watch the sales presentation below. I captured it recently while wearing Google Glass.
One Thousand Museum sales presentation:
A quick look at the One Thousand Museum floor plans:
One Thousand Museum model kitchen:
New Exclusive Listing – 2 Bedroom with 16-foot Ceilings at Icon Brickell III (Viceroy Tower) – $760,000
Brand new listing at Icon Brickell Tower 3 (Viceroy Tower). I likely won’t have the listing up on the MLS until early next week because I first want to have it professionally photographed. Yesterday evening, however, I used Google Glass to record a walk-through of the unit so I could give a few of my clients a special preview. The video is at the bottom of this post.
The 2 bedroom, 2 bath corner unit has 16-foot ceilings, glass tiled floors and a fabulous view of Biscayne Bay and the city. The condo is being sold fully furnished. Tower 3 is the only tower at Icon Brickell that allows short-term rentals. That’s great for investors. The owner does not have the unit in the hotel program but recently started using an outside company to handle the short-term rentals on her behalf. To give you an idea as to the kind of income you can expect during high-season, the unit got rented for $7,000 for three weeks from the end of December to mid-January. The owner gets to keep 80% of it.
Asking price for the condo, including the furniture, is $760,000. Please contact me if you or someone you know has an interest in learning more about this spectacular residence. I can be reached on my cell at 786-247-6332 or via email at [email protected].
Update: I have since had a professional photographer take pictures of the unit. Below you will find a slideshow with those pictures.
