Renderings and Site Plan Released for Downtown Miami’s Newest Tower The District
Renderings, floor plans, and site plans have recently been released for Miami newest 37-story condominium tower called The District. In April, The Related Group and Parcel C LLC’s proposed and received approval for the project.
This tower is in pre-construction and is proposed to include 347 residential condos with 2,297 square feet of retail space. This project will not have any parking but the developer is requesting an off-site parking waiver.
Rising 393 plus feet tall, The District will be located at 233 N Miami Avenue in downtown Miami. The floor plans will be fully finished and furnished ranging from 446 square feet to 874 square feet with studio to 2 bedroom options.
Includes integrated audio, video window treatment and lighting systems
All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
Fully built-out closets in all residences
Built in top-of-the-line in-unit washer and dryer
Flooring selections included with specifications recommended by Meshberg Design
Pre-wired for high-speed communications and data connection
Kitchens feature custom Italian cabinetry curated by Meshberg Design
Smeg appliance package includes integrated paneled microwave, dishwasher, built-in convection oven and refrigerator/ freezer
Building Amenities
Rooftop Amenity Deck : Expansive resort-style rooftop amenity deck with plunge swim spa, fire pit, summer kitchen, and gorgeous views of Downtown Miami and Biscayne Bay.
Basketball & Racquetball Courts :Full-height indoor basketball court and regulation-size racquetball court and Rock climbing wall.
Co-working Space :Co-working floor with multiple seating options, high-speed Internet, private meeting rooms, conference room and a full-service kitchen.
Fitness Center :State-of-the-art fully equipped fitness center including a private yoga/spinning room with virtual trainer and men’s/women’s sauna/ sauna and locker rooms.
Museum-quality Art :Double-height lobby featuring professionally curated museum-quality art.
Monitoring Services :24/7 security services and controlled property access.
The District App :Customized password-protected app for home/away smart-home management.
Parking :24/7 valet services and self parking.
Dining :On-site café servicing the residences and recreation areas.
Electric bikes with charging stations are available for residents on the go.
Housekeeping :On-demand full housekeeping services available at your convenience.
Climatized receiving and storage room
Resort Style pool deck with lounge and recreation room
Unit Distribution
Unit Type
Floors
Sq.Ft Range
Starting Prices
Studios
4th – 33rd
458 Sq.Ft – 469 Sq.Ft
From $352,900
1 BD / 1 BA
4th – 37th
558 Sq.Ft. – 615 Sq.Ft.
From $385,900
2 BD / 2 BA
4th – 37th
786 Sq.Ft. – 884 Sq.Ft.
From $573,900
Deposits
10% down with executed contract
10% 60 days after executed contract
10% at groundbreaking (scheduled end 2021)
10% at top off (schedule 3rd quarter of 2022)
60% at closing (scheduled 2nd quarter 2023)
Multiple waivers have been approved on April 9, 2021 but the construction permits have not been filed. Some of paperwork also includes transitioning some units in hotel room. The ground breaking is scheduled for the end of 2021 with estimated completion date of 2023.
501 First Residences- Renderings and Plans Just Released for the 40 Story Tower in Downtown Miami
Miami can now officially welcome the newest pre-construction tower to grace our gorgeous skyline, 501 First Residences in downtown Miami. This new 40-story tower with 448, will be developed by Aria Development Group and designed by Revuelta Architecture International, who also designed Wind and 900 Biscayne. 501 First Residences will be located at 501 Northeast 1st Avenue with views of downtown Miami and Biscayne Bay.
Acoording to the Aria Development group, this particular development will be built to cater to the short-term rental market. The biggest perk is that there will be no rental restrictions. Which means, the resident can utilize any consumer platform (Vrbo, Expedia, Airbnb, etc.) to rent and each unit can be rent for 1 day or more.
The renderings reveal floor-to-ceiling windows and expansive balconies. The sleek structure is curved creating a horizontal and vertical grid like design. The exact height of the development hasn’t been released but we can expect the 40-story high structure to be over 450 feet in height.
The 448 luxury units will be fully finished and furnished with pricing starting at $300,000. Floor plans will range from studios, 1 bedroom, and 2 bedrooms. The square footage for each unit is expected to be from 385 to 835 square feet.
Residence Features:
Fully finished and furnished residences thoughtfully curated by award-winning design firm, Shim Projects
Floor to ceiling glass windows with custom window treatments
All residences feature balconies
Biscayne Bay and Miami skyline views
Finished flooring on all residential interiors and balconies
In-unit washers and dryers
Kitchens and bathrooms feature custom Italian cabinetry and counters
Speed oven by Smeg
Integrated paneled refrigerator and freezer
Dishwasher
Fully built-out closets
Hansgrohe bathroom fixtures, features, and accessories in dark matte finish
Building Amenities:
Porte-cochère entrance with 24/7 valet service
On-site management office
Mid-century, modern-inspired interior finishes and furniture in residential lobby with 25ft ceiling
Secure bicycle storage in enclosed and air-conditioned space
Centrally-located personal storage for all owners
Luxer One Package Room featuring a tech-forward, contactless digital package delivery system
Dry-cleaning service
Ground floor bistro and bar helmed by New York City’s GPG Hospitality
State-of-the-art indoor gym with private fitness training rooms
Yoga/meditation room
75-foot resort-style lap pool
North-facing private rooftop movie theatre experience
Grill & Chill on the Sunrise and Sunset Decks
Outdoor Game Lawn
Hot hydrotherapy bath
Private club suite with game tables
Entertainment chef’s kitchen
Media Room
Library
Private workspaces
Pet Lounge with pet bath station
Greenhouse
The site currently features a 2-story buidling that was built in 1924 and was previously the sales center for YotelPad Miami. The entire project will take over 4 lots equaling 22,500 square feet. According to tax records, the developer purchased the lots in 2015 for $8,250,000.
According to Miami-Dade Country records, construction permits have not been filed. The ground breaking is expected to be scheduled for spring 2022 with a top-off date in spring 2023.
Shoma Group Buys North Bay Village Land for $15.78 Million for a Proposed Mixed-Use Project- Shoma Bay
Shoma Group, led by CEO Masoud Shojaee has recently purchased a 1.79 acre lot in North Bay Village. The development group purchased the land through two separate deals for a total of $15.78 million.
The lot located at 1850 79th Street Causeway sold for $8.38 million while the lot with a current retail building at 1872 79th Street Causeway sold for $7.4 million. Both properties were purchased with a mortgage through North Bay Finance & Investments.
The plans for the ‘Shoma Bay’ development were presented and approved by the North Bay Village in March 2021. The mixed-use development will house a 19-story tower that will include 333 residential units, 36,068 square foot approved Publix grocery store, 6,315 square feet of retail, and a 666 garage spaces. Ten of the spaces will be dedicated to electric charging vehicles, and the garage will be located on top of the Publix.
The amenities will include a pool, bowling alley, complimentary snack station, wework café, clubroom, and more to be determined.
MSA Architects are the lead designers on this project. MSA have also designed the Waverly at Surfside, Porto Bellagio, and the Marriott Miami Beach.
MLB Hall of Famer Mike Piazza Sells Miami Beach Mansion for $15 Million
If you need anymore convincing of how hot the Miami real estate market is, another luxury mansion just sold! It gets better because the seller is Major League Baseball Hall of Famer Mike Piazza.
Piazza listed the Miami Beach mansion in December 2017 at $18.5 million. The property located at 1401 West 27th Street, Miami Beach was recently relisted for $14.7 million with a sold price of $15 million. This 8 bedroom, 9.5 bathroom mansion features 9,438 square feet of custom finishes including Jerusalem stone floors and an Italian-inspired kitchen. A private pool, dock, and boat lift elevates the remarkable 100 feet water frontage lot.
The buyers for this incredible residence is none other than the Major Food Group’s co-founder Jeffrey Zalaznick and wife. The couple has been renting the property since October 2020.
According to tax records, Piazza paid $10 million for the home in 2008. But don’t worry, they are not leaving Miami any time soon. They still own a unit at the Ritz-Carlton Residences Miami Beach that they purchased in 2019 for $5.6 million.
Florida Hits the Jackpot – Seminole Tribe and Governor DeSantis Signs Gaming and Betting Agreement
Governor Ron DeSantis is at it again! Back in March, DeSantis met with lawmakers to discuss possible options to bring betting and gaming to Florida, specifically Miami. Now, his plan seems to be falling into place.
A historic deal took place on Friday when Governor DeSantis signed a gaming compact with the Seminole Tribe of Florida that would bring ‘mobile sports betting’ as well as ‘Vegas-style’ casinos to tribal facilities in Florida. According to Marcellus Osceola Jr. on Friday, Chairman of the Seminole Tribe of Florida, stated “The agreement we are about to sign is going to be life changing for our tribe.”
What the Agreement Will Look Like
Ages 21 and older (located within Florida) can use the app to place sports bets (sports teams would not be allowed to bet)
Bets would be routed through the Seminole Tribe for the next 30 years
The Seminole Tribe would agree to pay $500 million in annual payments to Florida (this amount could increase depending upon the market and profits)
The agreement would allow the transfer of slot machine licenses within Miami-Dade and Broward counties
An exclusive right to operate craps and roulette at all of the Tribe’s casinos and to build three more casinos on existing tribal property
Challenges Facing the Agreement
This agreement may come up against some legal challenges due to a constitutional amendment that was passed by voters in 2018 that requires a vote for all new games in Florida. Miami business leader, Armando Codina has hired a lawyer to fight the gambling agreement and if the agreement is approved, he stated that he plans to sue the State of Florida. According to the Miami Herald, there are others that plan on joining the fight if approved.
Final Notes
Before approval, this agreement must be ratified by the Florida Legislature as well as approved by the U.S. Department of Interior. Governor DeSantis and Senate leaders are due to meet on May 17th to discuss the issue and is expecting approval for the compact by August 2021. According to the Miami Herald, if this agreement is approved it will be the “most populous state in the nation to offer mobile sports betting!”
MiamiRealEstate.TV is the Newest Addition to Miami Condo Investments
We would like to officially announce our newest project, the MiamiRealEstate.TV website. Since 2014, I had a vision of creating a space for all things real estate in Miami. In that same year, I purchased the domain at auction and have been researching ideas/creating a plan since the beginning. During that time, I knew that technology and real estate would collide and I’m so thrilled that this vision has become a reality!
The biggest difference between this project and what others have done is that these videos aren’t just about myself and my listings. I want to showcase the best Realtors in the area, luxury listings, real-estate developers, city-transforming developments, and other industry-leading game changers.
There are currently five videos available featuring Philip Freedman, the Executive Sales Director of The Ritz-Carlton Residences Miami Beach, and Adriana Brito giving a tour of the Upper Penthouse at Brickell Flatiron. Dora Puig was also interviewed giving a tour of her listing for $38 million penthouse at Icon South Beach (please see above video).
Our hope with the launch of MiamiRealEstate.TV is to bring expertise to Miami Real Estate viewers.
We are so excited for this new adventure and we look forward to growing with you! Be sure to follow @miamirealestate.tv on Instagram and visit MiamiRealEstate.Tv to stay updated with everything real estate in Miami.
One Thousand Museum Tower Faces Foreclosure Due to Unpaid Loan
According to FinTech Zoom, the court filings include the Motoconb Estates, LTD., agent for David and Simon Reuben (Reuben Brothers), are seeking to overtake the remaining 15 units from the tower.
The Principal investor is Gilberto Bomeny and the co-developer is Louis Birdman. Caught by surprise, Birdman recently stated, “This action by our current lender was completely unexpected, as they are well aware that our sales team had a record-breaking year of sales, and that we are preparing to pay off the construction loan this month. We remain focused on the successful sellout of our limited number of remaining residences at One Thousand Museum during the course of this year.”
FinTech Zoom also reported that the Reuben Brothers are among some of Britain’s wealthiest families but are not well known in South Florida. This year alone, they purchased Kyu restaurant in Wynwood and a few additional properties in South Florida. They also acquired the One Thousand Museum loans in February 2021.
According to Birdman, “We are in the process of raising prices. The building is performing better than ever.” In the past year, over $100 million in units have sold as well as $35 million in quarter 1 of 2021.
Notables that currently reside at One-Thousand Museum include David and Victoria Beckham and French national team soccer player Paul Pogba.
Miami Welcomes Natiivo as the Up and Coming Urban Luxury Home-Sharing Residences
Mixing hotel luxuries with all the amenities a condominium has to offer, Natiivo Miami was then born. Designed and curated by the firm, Urban Robot, they have created a one-of-a-kind luxurious and sophisticated atmosphere perfect for downtown Miami.
Natiivo is the newest and first Condo/Hospitality residential tower located in the heart of downtown Miami with close proximity to the Miami World Center, Frost Museum of Science, Miami Airlines Arena, and Adrienne Arsht Center for Performing Arts. This development is projected to be a 51-story condominium with views of the city as well as Biscayne Bay.
Designed for home sharing, Natiivo Miami offers its owners the ability to rent out their condos as short-term or long-term rentals. The most important factor is that the owner can choose to manage their own rental, hire their own management company, or hire Natiivo Miami to manage the unit.
Units are finished and fully furnished with 16 types of available floor plans ranging from studio apartments to three-bedroom suites. Square footage ranges from 492 to 1,633 square feet with available options of downtown views, Biscayne Bay views, balcony, and/or interior.
Not only are there multiple options available for residences and guests but the building itself offers 3 floors with 70’000 square feet of curated amenities.
Natiivo Miami ‘The Work on 8th’ features 10,000 square feet of co-working space with an amphitheater presentation area.
Work Amenities:
Co-working spaces
Private offices
Flexible office arrangements
Video-capable conference rooms
Quiet rooms
Phone booths
Cutting-edge technology and connectivity
Office host
Coffee and juice bar
Amphitheater
Meeting/presentation rooms
The ‘Social on 9th’ offers 24,000 square feet of food, beverage, and entertainment offerings with a range of local and international options.
Social Amenities:
Specialty restaurant and bar
Dining terrace
Social area with full-service cafe and cocktail bar
Drink and dine lounge areas
Media lounge
Live show and events lounge
The porch
Speakeasy
DJ and live performances
Programmed events
The ‘Splash on 9th’ boats 16,000 square foot of poolside bliss featuring a resort-style pool and cabanas.
Splash Amenities:
Sun deck
Poolside beverage and food service
Native tropical landscaping
Cabana bar
Pool towel services
‘The Fit on 10th’ features 16,000 square feet of health and fitness options.
Fit Amenities:
Juice bar
Yoga and pilates studio
Boxing ring with punching bags
Peloton equipment
Weight station
Cross-training/Crossfit
Spa/treatment rooms
Sauna/steam rooms
Locker rooms
Outdoor terrace/training
The Fit Boutique
The construction has started but once the development is complete, Natiivo Miami will be one of the 25 tallest buildings in Miami. If you or someone you know has an interest in purchasing a Natiivo Miami Unit, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Brickell Flatiron Construction Update (Video)
Brickell Flatiron is really getting up there these days! As of today, construction of the 64-story, ultra-luxury tower has reached the 42nd floor. To put that height into perspective, the height of Brickell Flatiron has now eclipsed that of nearby 1100 Millecento. The video below was taken last month and construction of Brickell Flatiron has been moving at a pace of one floor per week.
The developer still has a number of great options still remaining, so if you’re interested in purchasing a condo at Brickell Flatiron, you shouldn’t feel like you’ve missed the boat. Brickell Flatiron is scheduled to be completed by the end of 2019, which I believe will be a brilliant time to deliver a development of this magnitude. I’m predicting that the next upswing for the Miami luxury condo market will begin in October of next year. Brickell Flatiron’s construction crane is the last crane remaining from Brickell’s recent construction cycle.
I took the photo below of Brickell Flatiron on May 22nd from the rooftop of 1100 Millecento.
