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 1708 at Ten Museum Park – Asking $355,000
Unit 1708, pictured above, is the second of two condos I recently listed at Ten Museum Park. It shows beautifully and has already grabbed the attention of several interested buyers. The 1 bedroom, 1.5 bath residence has 808 livable square feet, 143 square feet of balcony, a custom glass divider to separate the living room from the bedroom, wood flooring throughout, full-size washer and dryer, and stainless steel appliances by Sub-Zero, Miele, and Bosch. It also features 10-foot ceilings with floor-to-ceiling glass windows, a full glass-enclosed shower with rainfall shower head, built-out closets, and captivating views of Biscayne Bay. Priced at $355,000, unit 1708 is currently the second best priced property in the building.
If you or someone you know have an interest in viewing this unit in person, please contact me via email at [email protected] or on my cell phone at 786-247-6332.
Below, you will find additional photographs of unit 1708 at Ten Museum Park:
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.
Museum Park Opening Ceremony
After 14 years and around $40M, Museum Park officially opened this morning. The people of Miami were in attendance to show their support and appreciation. City of Miami Mayor, Tomas Regalado; City of Miami Commissioner, Marc Sarnoff; and Superintendent of Miami-Dade County Public Schools, Alberto Carvalho; each spoke at the opening ceremony which was marked by the arrival of the iconic United States Coast Guard Cutter Eagle.
As a long-time resident of Miami, the opening of Museum Park is almost surreal to me. It had been talk for so long that it was hard to believe at times that it would actually ever happen. However, the day has finally arrived and, I must say, the park is spectacular. It is such a beautiful gift not only to the people of Miami but also their four-legged friends. It is fair to say that prior to today’s park opening, much of Downtown Miami was a concrete jungle. Now the children and dogs of Miami have a place to run around and play. I personally do not have any children but am a proud owner of a Miniature Schnauzer named Lucky. A few days ago while walking him at Museum Park, I asked Lucky how he enjoyed the new park. His response says it all.
Below are other pictures I took from this morning’s Museum Park opening ceremony:
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.
First Look at the Newly Opened myBrickell
Closings have officially begun at myBrickell. I was able to tour the building earlier today with a client who closed this afternoon on a 2 bedroom unit. For those who aren’t aware, myBrickell is the first newly built condo development in Brickell to begin closings since the condo boom and bust of yesteryear. In a way, it represents the strength and resilience of the Miami condo market over the past five years. MyBrickell, located at 31 SE 6 Street, is directly across the street from Brickell on the River South and immediately west of 500 Brickell.
Included in this blog post are a number of pictures I took this afternoon while touring the property. Unfortunately, it was raining outside, so I wasn’t able to snap a good picture of the rooftop pool. I am sure I will have more opportunities in the weeks ahead.
Please contact me if you have an interest in renting a 1 or 2 bedroom condo at myBrickell. Within the next week, I will have a listing for each.
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!
Best Deal in Brickell! Fully Furnished 1 Bedroom Penthouse on the 44th Floor – $310,000
Update: Price has been reduced to $310,000. Includes furniture.
Earlier today, I got another new listing signed. This time a beautifully furnished 1 bedroom penthouse with 12-foot ceilings and ceramic tiled floors throughout. The 783 square foot condo is located on the 44th floor of Latitude on the River and offers amazing views of Biscayne Bay and the Brickell skyline to the south. The unit comes with one assigned parking space located on the 6th floor of the parking garage. That is extremely rare since almost all 1 bedroom units in the building come with one valet-only space. The kitchen comes equipped with stainless steel appliances, granite countertops, and white Italian cabinetry. The unit includes a large walk-in closet in the bedroom along with a second spacious closet in the hallway. It is important to note that this unit completely clears the Latitude One office building situated just in front of Latitude on the River. Most of the south facing units do not.
Latitude on the River is located at 185 SW 7 St, just two short blocks away from the upcoming mixed-use development called Brickell City Centre. The nine acre development will include an array of luxury shops and restaurants as well as a number of entertainment options. Phase one completion of the one billion dollar development is scheduled for next year.
The maintenance fee for this condo is $554.39 per month. Based on recent rental comparables, this furnished unit should easily rent for $2,000 per month on an annual basis. Renting the unit on a short-term basis would also be an option since Latitude on the River allows rentals with a 3 month minimum. Latitude is also a pet friendly building permitting up to 2 dogs with a maximum weight limit of 70 pounds.
Additional pictures of the penthouse, along with the floor plan and pictures of the building amenities, can be found in the slideshow below. Please contact me if you or someone you know has an interest in scheduling an appointment to view this beautiful condo in person. I am also available to answer any questions you may have. I can be reached via email at [email protected] or on my cell at 786-247-6332.
