Girlboss: Miami Buildings Developed By Female Developers

Miami Female Developers

In honor of #WCW (Woman Crush Wednesday), let’s take a look at the buildings in our area that were brought to us by women. Many people know the story of how Miami was founded by two women (Julia Tuttle and Mary Brickell), and everyone knows about the magic that Zaha Hadid is bringing to Downtown Miami with One Thousand Museum, which she designed but did not develop. What about the women who are behind the reins? Real estate development is an especially male-dominated field, so bravo to these trailblazers! Girlboss!

Lissette Calderon

Ms Calderon was born into a real estate family. Her father was a developer of small projects while she was growing up and piqued her interest after his passing when she was a teenager. While in college at the Wharton School of Business, she took a few real estate classes for fun, but didn’t plan on entering the field until later. When she ultimately returned to Miami, she landed a job under the Condo King himself, Jorge Perez.

After two years of learning the development ropes, she branched off on her own in 1999 and formed NEO. Her first building was Neo Lofts, which we don’t have featured on our website because it is west of our core service area, but is a great start to a great career. It was completed in 2004 and has 20 stories with 200 units. It is still a popular choice for those who enjoy high-rise living but don’t necessarily want to be in the densest part of the city.

Following the success of Neo Lofts, she expanded into Brickell to bring us Neo Vertika in 2006. This was an interesting addition to the neighborhood as it is the only choice for residents who enjoy living in New York style lofts. I consider New York style lofts to be those with exposed ductwork and concrete floors/ceilings. Neo Vertika has 36 floors and 443 lofts that are studios up to three bedrooms. The prices today range from $225,000 for a studio-sized one bedroom up to $375,000 for a 2 bedroom penthouse. The average sales price of closed sales this year is $317/square foot. For rentals, you could find a studio-sized one bedroom for just under $1,700/month, a duplex one bedroom for $1,850, and two bedrooms starting at $2,250/month. Another draw to this development is the popular restaurant/lounge in the waterfront retail space, American Social.

Next, Ms Calderon moved to the north side of the river and brought us Wind by Neo in 2008. Due to the unfortunate timing of the building’s opening in the middle of the 2008 financial crisis, there were financial hardships and many foreclosures associated with Wind, but it has rebounded nicely and remains a popular building today. Wind has 41 stories and 481 Miami-style lofts with a dramatic all-white-everything lobby. There are currently 57 units for sale in the building with one bedrooms starting at $245,000 and two bedrooms starting at $305,000. The average sale price per square foot is $317/square foot for sales that occurred in the first quarter of 2017. Rental prices start at $1,650 for a studio-sized one bedroom, $1,800 for a full sized one bedroom, and $2,300month for a two bedroom.

For her fourth project, Lissette had intended to build a 52 story tower with 507 units on the lot directly in between Wind and the river. The tower was named Cima, but with the market conditions the way they were, she moved on from the project. The lot was later sold to KAR Properties and will soon be developed into the ultra-luxury One River Point, which held the grand opening of their lavish sales center last month.

Lissette was also known for being a working mom. After preschool, he children would usually be found in her office, so that she could interact with them while she was working and also to teach them work ethic. A woman after my own heart! Today, she has taken her talents back to the Related Group, where she has been named the first ever female President at the company.

Evangeline Gouletas

A former First Lady of New York State, Evangeline Gouletas is just as much grand dame as she is girl boss. Hailing from Athens, Greece, she studied mathematics at Johns Hopkins and vector analysis at the Illinois Institute of Technology. While most of her development success has been in Chicago, she has made a lasting mark in Brickell as well.

In 2004, Evangeline brought us Skyline on Brickell, a 35 story waterfront tower with 360 condo units. The one bedrooms today start at $309,900, two bedrooms start at $500,000 and three bedrooms are just under $1 million. The closed sales have averaged $395/square foot over the last 4 months. For the renters out there, one bedroom units are starting at $1,900/month, two bedrooms at $2,650/month and there is one three bedroom available for $4,100/month.

While she did not follow through with developing it, I still consider her the mother of NINE at Mary Brickell Village, which was completed in 2015. She was the visionary who had the idea to purchase the air rights of Mary Brickell Village and build a tower over the shopping center. Initially, the project was to be named “Skyline at Mary Brickell Village”, but the construction lenders were having a hard time differentiating the two Skyline buildings, so she renamed it “Sky Palace at Mary Brickell Village.” Sky Palace was initially going to be a condo development and she did all of the presales before the 2008 market change. She then planned to turn the building into a rental community, but ultimately sold the air rights to the developers, who constructed the building and renamed it Nine at Mary Brickell Village due to the address being 999 SW 1st Avenue.

Today, Evangeline is in the acquisition phase of several new projects, working on the board of several nonprofits and traveling. She also participates in horseback riding, dressage, loves to go skiing and dance the tango. I have always admired her ability to combine glamorous Elizabeth Taylor-esque drama with real estate development grit.

When asked about what it is like to be a female developer in a male-dominated market, Evangeline said, “Gender does not matter in the Condominium Industry. In fact, it helps to be a female.” She continued to add that, “Men of Quality do not feel intimidated by women of equality.”

That is a wonderful outlook! We are very proud of both Lissette and Evangeline! Thank you for your contribution to our skyline!

 

Condo Associations Opting to Not Include Water as a Utility in Their Monthly Dues

water utility

You know what they say when you assume: you make an ASS out of U and ME. Until recently, it was assumed, for condos located in Miami, that water would be included as a utility in a condo owner’s condominium association dues and, therefore, would be included in the rent price for tenants who lease their property. That no longer seems to be a safe assumption. Two recently completed condo developments – Nine at Mary Brickell Village and The Crimson – have done away with including in their condo dues water as a utility. For those two condo developments, units have associated to them separate water meters, which are read periodically in order to compute their individual utility bill.

While at first glance this may seem like great news for investors since they no longer would have to foot the bill for a utility service that they personally are not using, it could potentially be risky for owners as well. If a tenant neglected to pay his/her water bill, a lien could be placed on the property. That is not the case for other utilities and services such as electricity and cable TV. If a tenant neglected to pay their electricity bill, Florida Power & Light would simply shut off the power to the property. If a tenant neglected to pay their cable TV bill, the cable company would simply deactivate service. If, on the other hand, a tenant neglected to pay their water bill, the bill would continue to run up and a lien would be placed on the owner’s property. Something to keep in mind, especially for Realtors who are in the habit of telling prospective tenants that water comes included in the rent price. Rather than assuming, it’s always best to double check with a building’s condominium association before relaying such information.

New Renderings Released for Nine at Mary Brickell Village

Nine at Mary Brickell Village kitchen rendering

Two new renderings for Nine at Mary Brickell Village were released earlier today: one of the kitchen (shown above) and one of the bathroom (shown below).  One key difference between Nine at Mary Brickell Village and most other preconstruction condo developments in Miami is that each unit at Nine at Mary Brickell Village will be delivered move-in ready.  Units will come with imported porcelain tile flooring in a wood grain finish, as shown in the rendering above, and solar window shades.  The kitchens will feature white lacquer European-cabinetry and quartz countertops with full-height backsplashes.  Also found in the kitchens will be high-performance, ENERGY STAR stainless steel appliances such as a 25 cubic foot side-by-side refrigerator and drop-in oven with glass cook-top. It is important to note, however, that not all units at Nine at Mary Brickell Village will include an island kitchen as shown in the rendering above.

The bathrooms at Nine at Mary Brickell Village will feature quartz countertops with under-mount sinks, chrome-finish hardware, over-sized deep-soaking tubs and/or semi-frameless glass-enclosed showers with soothing rainfall showerheads.

Completion is estimated for Summer 2014.

Nine at Mary Brickell Village bathroom rendering

 

Introducing Nine at Mary Brickell Village

Nine at Mary Brickell Village

I am pleased to introduce Miami’s newest luxury condo development – Nine at Mary Brickell Village.  The condo development, which is currently under construction, will be situated directly atop the western portion of Mary Brickell Village.  The co-developers – Starwood Capital Group and LYND – had planned to deliver the building as a luxury rental development but it was announced just a few days ago that upgrades will be made to their original plans and that the units will instead be sold as condominiums.

Construction is well underway and the development is projected to be completed in May 2014.  Nine at Mary Brickell Village will have 1, 2 and 3 bedroom units starting from $300,000.  There are 30 available floor plans ranging from 744 to 2,098 square feet.  Residences will boast beautifully appointed kitchens with stainless steel appliances, quartz countertops and backsplashes, designer fixtures and hardware, oversized mirrors, spacious walk-in closets and large soaking tubs.  Units will have 9 to 11 foot ceilings.

I should have official pricing for units in the coming days but it is expected to average $475 per square foot with finished flooring.  In fact, all units at Nine at Mary Brickell Village will be delivered with imported porcelain tile flooring in a wood grain finish and solar window shades.  $475 per square foot is very well priced compared to pre-construction developments that have recently launched in Brickell at $500 to $600 per square foot.  The great thing about this development is that it is in the heart of Brickell sitting atop of Mary Brickell Village and will be just a few blocks away from Brickell CityCentre once it is completed.  Location doesn’t get any better than this!

I expect this development to sell out quickly so if you have an interest be sure to contact me immediately.  I should have pricing, floor plans, reservation agreements and wire instructions available in the coming days.

Below is the deposit schedule to purchase a condo at Nine at Mary Brickell Village:

  • 10% due at reservation (within the next week)
  • 10% due at contract (within the next 45-60 days)
  • 10% at top-off
  • Balance due at closing

Nine at Mary Brickell Village lobby