A new video was released today for Paramount Miami Worldcenter and includes footage of what the high street retail will look like once finished. Well, the video isn’t exactly new. It’s an edited video with all references of the mall removed and, in its place, new footage showcasing the high street retail. Spoiler alert: It looks amazing!
Palazzo Del Sol has a total of 3 penthouse residences, appropriately named Penthouse 1, Penthouse 2, and Penthouse 3; each are trophy properties in their own right featuring 18-foot ceilings, a rooftop terrace with private pool designed by Enzo Enea, and lavish finishes throughout. A few weeks ago, Penthouse 3 at Palazzo Del Sol closed for $21.5M (over $3,200 per square foot) while Penthouse 2 went under contract just last month, making Penthouse 1 the last remaining penthouse at Fisher Island’s recently completed, ultra-lux condo development.
A few weeks ago, I was given the opportunity to tour and photograph Penthouse 1 at Palazzo Del Sol (see above and below). The two-story residence features 4 bedrooms and 4.5 bathrooms across 6,644 interior square feet. In addition, Penthouse 1 boasts 3,222 square feet of terrace space on the entry level plus an additional 1,949 square feet of terrace space on the rooftop level, for a combined total of 5,171 exterior square feet. While touring Palazzo Del Sol’s Penthouse 1, what impressed me most, besides its massive size, were the master bathroom, rooftop terrace, and kitchen, each eloquently designed and finished. See for yourself. The asking price for this mansion-in-the-sky is $26.4M.
The second massive condo that I toured last week at Palazzo Del Sol was Residence 7085, a 5 bed, 5.5 bath condo with 7,630 interior square feet plus an additional 2,471 square feet of terrace space. Walking into the residence had my jaw hitting the floor. The openness of the entry and living room areas was highly impressive to say the least. Upon exiting its private elevator, I was greeted with a picturesque view of Government Cut and the Atlantic Ocean. The residence flows beautifully offering fabulous views of yachts entering and exiting the ocean from most of the rooms. The kitchen and bathroom finishes are simple yet luxurious, in line with the minimalist design preferences of today’s buyer. Most impressive to me was the amount of closet space in the master bedroom suite. It comes with over 300 square feet of His and Her closets plus a 230 square foot study located directly off the master bedroom which could easily be converted to a third closet if needed. (By the way, the photo at the bottom is the His closet. The Hers closet is about twice the size.) Residence 7085 is a palatial pad, perfect for a family in search of space and the exclusivity and 5-star services that Fisher Island has to offer. Asking $14M.
Last week, I got the opportunity to tour three massive condos at Palazzo Del Sol: Lanai West, a 5 Bed, 5.5 Bath unit with 21,524 total square feet; Residence 7085, a 5 Bed, 5.5 Bath unit with 10,543 total square feet; and Penthouse 1, a 4 Bed, 4.5 Bath, bi-level unit with 11,815 total square feet.
Today, I will share with you the photos that I took last week of Lanai West. As mentioned above, the residence has an amazing 21,524 total square feet, of which 12,844 square is outdoor lanai space! The property is truly remarkable, a massive estate with the conveniences and services of a 5-star hotel.
The ginormous Fisher Island residence also features 11.5-foot high ceilings; a private zero-edge, outdoor pool by Bradford; Lualdi doors; kitchen and master bath by Boffi; and first-in-class kitchen appliances and fixtures by Sub-Zero, Gaggenau, Dornbracht, and Duravit. Included in the offering price is a private air-conditioned garage, air-conditioned storage, and customized golf cart. All can be yours for $20,194,950. Dream Big, Live Big!
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.
It is one of Brickell’s most unique and storied penthouses, nestled above The Palace Condominium and spanning over 5,800 square feet in 3 levels of Moroccan-inspired glamour. The Brickell Taj has had only 3 previous owners since it was built in 1981. That may soon change as a contract was accepted this week.
According to local legend, the penthouse was originally intended to be the Miami home of New York’s “Queen of Mean,” Leona Helmsley. Instead, the property was sold to a Saudi Sheik who spent 2 years with a team of 27 Moroccan craftsmen to finish the interior as an Arabian palace for his use while visiting the Magic City.
The property boasts 6 bedrooms and 4.5 bathrooms of hand-crafted wall designs and intricate tile mosaics with Turkish, Indian and Persian influences. A glass atrium offers amazing entertaining space with a 3,000 square foot terrace that spans the entire width of the building’s rooftop.
After nearly 20 years and very little use, the Sheik sold the palace atop The Palace to a developer and weapons collector, who has now received a contract from an unnamed buyer. The property had been on and off the market several times over the last 4 years without finding a buyer. In 2012 it hit the market with an asking price of $4,199,000 but was reduced to $2,295,000 at the time of sale… an excellent case in point of the fact that no matter how ornate or beautiful the property, spaces that are uniquely designed are notoriously more difficult to sell.
Photos courtesy of MLS
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.
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.
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.
Auberge Miami Floor Plans Tower 1 Floors 12 21 by Lucas Lechuga
