Miami Worldcenter Opts for Open-Air Shopping; Residential Amenities Remain Unchanged
News spread earlier today that Taubman has opted to turn Miami Worldcenter into an open air shopping mall rather than the originally planned enclosed mall. We found this to be great news, as open air malls have been more sought after by shoppers in recent years, leaving hoards of enclosed malls vacant and in need of redevelopment throughout the country. The open air plan will also likely be less costly to build.
The shopping center had been slated to be anchored by Macy’s and Bloomingdale’s, although it is not clear at this moment whether they are still on board. Just last week, Macy’s announced it would be closing 40 stores due to dismal holiday stores.
Construction is already underway on Paramount Miami Worldcenter, the luxury residential component of the development. Many people have contacted us regarding these changes and how they affect the condo portion. The developer has reassured us that the changes in the retail component will not affect the amenities slated for Paramount.
Related Group Construction Update
The Related Group is looking to start 2016 ahead of schedule. This morning Carlos Rosso, President of Related’s condo division, shared these construction photos of SLS Lux, Brickell Heights, SLS Brickell and the Paraiso mega-development.
Above, you can see Brickell Heights and SLS Lux. Brickell Heights is the two towers under construction in the center of the photo. The tower to the right is Brickell Heights tower 1. This phase is sold out except for a few penthouse opportunities, Brickell Heights 02 is 85% sold out with select residences and penthouses remaining for purchase. This project is scheduled for completion in late 2016.
SLS Lux is the shorter tower to the right of Brickell Heights. The construction began more recently than Brickell Heights and it is scheduled for completion in the fall of 2017. This project is nearly sold out as well with roughly 20 residences remaining and penthouses. Upon completion, SLS Lux will be 57 floors and Brickell Heights will have 49 floors in each tower.
Above, you can see SLS Brickell. This one is topped off just in time for the new year and has been sold out for some time with the exception of a couple of penthouse opportunities. The construction schedule shows SLS Brickell being completed in the spring of 2016.
Below is a great angle to see the impressive size of the Paraiso Bay mega development in Edgewater. This project features 4 towers on 4.6 acres that will begin to be delivered in late 2016. The four towers are Paraiso Bay, Gran Paraiso, One Paraiso and Paraiso Bayviews.
Bravo to Related for pushing the projects & heading toward the finish ahead of schedule! We can’t wait to see the neighborhoods continue to grow. We are happy to help should you be interested in any of the remaining opportunities in the projects.
Developers Offering Year-End Incentives to Close Out Projects
In an effort to hold the attention of buyers and sell as many apartments as possible before the end of 2015, developers are coming out with attractive incentives packages to help buyers decide to act now and close out their projects. Here are some of our favorite incentives from buildings that are currently under construction and selling pre-construction residences:
Brickell Heights – Related has lowered the down payment requirement to 30% from the original 50%. Prices of remaining inventory start in the $400,000’s.
SLS Lux – All of the condo/hotel apartments are currently under contract, but the developer is offering upgraded kitchens on the remaining condo residences and 30% down payment. The penthouse collection has recently been released and sales are almost finished. Prices start in the $600,000’s for the remaining units.
Paraiso Bayviews – All four towers of the Paraiso development are currently under construction and Paraiso Bayviews is 95% sold. For select apartments, the developer is offering a finishes package with porcelain flooring throughout. The prices currently start in the mid $500,000’s up to the high $600,000’s and penthouses are priced between $639,900 to $1.75MM. The developer has not officially offered deposit flexibility but has indicated that it is possible on a case-by-case basis.
Hyde Midtown – The construction of Hyde Midtown has only just started in recent months, but close out is fast approaching. Prices on remaining inventory start in the $400,000’s and the sales team has offered some flexibility on the 30% down payment on a case by case basis.
We were very happy to see these flexible down payment options, as it will make new condo purchases more accessible to those who hope to live in the apartments. The incentives also help to allow for the possibility of financing the condo purchases, which many people have inquired about yet been unable to easily attain until now.
Let us know if you or someone you know is interested in more information on these or other developments. We will have team members in Miami during all of the holidays and until the end of the year to help visitors by appointment.
Elysee Sales Launch a Success: Prices, Plans and Penthouse
After a two month whisper campaign, Elysee officially launched sales last night with a cocktail party and unveiling at their sales center in Edgewater. Guests were treated to live music, food and drinks, plenty of mingling as well as details of the upcoming project. At launch, the building was 20% reserved with an average of $750/square foot thanks to the whisper campaign, representatives of the project reported.
The 57 story tower will be home to 100 total residences, all half-floor or full-floor layouts of 2,660 square feet up to 4,000+ square feet and 3+ bedrooms. Each apartment will feature east and west views with 8- or 10-foot deep terraces, private elevators and modern design by Jean-Louis Denoit. Three levels of amenities are offered for all residences.
In addition to releasing the floor plans and brochures, representatives also shared initial details about the 9,000 square foot upper penthouse. This one-of-a-kind residence will be built to suit the owner and encompass the entire 57th floor. It will also include a full-floor rooftop terrace for 360-degree views from above the building. The developers have not officially disclosed the price, but it is expected to be released at around $15 million.
Construction is scheduled to begin in the Spring of 2016. Contact us for additional details.
Each and every condo at Elysee will offer breathtaking views of the Atlantic Ocean and/or Biscayne Bay. Below is a video which showcases those direct, unobstructed views of the water:
Elysee Prepares to Launch: a Superluxury Boutique Condo for Edgwater
Two Roads Development (the Miami-based firm who recently brought us Biscayne Beach) is following up their success by introducing Elysee, Edgewater’s first super-luxury boutique residences. The official launch will take place Wednesday, November 11 and construction is slated to begin early in 2016.
The 57 story bayfront tower will be located on 23rd Street, just north of the Adrienne Arscht Center and conveniently between the MacArthur and Julia Tuttle Causeways. We are most excited to see that the tower will have only 100 residences and all will be half-floor or full floor layouts. Every apartment will have a direct view of the Biscayne Bay as well as a sweeping sunset view. All of the layouts are expansive, ranging from 2,660 square feet up to 4,000 square feet and the developer is honoring the option to combine apartments for additional full-floor options as well as duplex residences. All of the apartments have private elevators & foyers as well as service elevators. Many apartments will also have staff quarters included in the layout.
Within the tower, there are three floors dedicated to common areas with services such as a blow dry bar, summer kitchen, 75 foot resort pool and a ground floor sunrise pool. The fitness center will include a yoga studio, reception desk, and spa with a separate play area for children. On the 30th level, residents will enjoy a grand dining room for up to 30 guests, business center, library, theater, and wine storage. Each apartment will include 2 parking spaces and a storage area.
Elysee was inspired by the French design and is being finished by Jean-Louis Denoit, the famed interior designer who was recently dubbed the “Modern Master of French Interiors” by Forbes Magazine. With prices averaging at $750/foot, and starting at $1.67M, we expect to see Elysee as another success story for Two Roads Development and also for residents of the area.
Biscayne Beach – Construction Update (Photos)
Of all the condo developments that are completed or currently under construction in Edgewater, Biscayne Beach is by far my favorite. It will be the only condo development in Miami to include an actual beach. How awesome is that? Some of you, especially non-locals, may be thinking, “So what? There’s tons of sand in Miami.” Well, that’s where you’d be wrong. Miami is situated along the bay, not the ocean, and, therefore, does not have sand-filled, waterfront land. On the other hand, Miami Beach, which is a completely different city from Miami, has plenty of sand along its coast, because it’s situated along the Atlantic Ocean. And the rest of you may be thinking, “Duh, well of course.” Sorry, but I feel the need to clarify that very rudimentary point for locals, because, so often, I come across people who aren’t from Miami who think that Miami Beach is a beach off the coast of Miami and that beaches there are plentiful.
Anyway, enough with the geography lesson – all that is about to change. The developer of Biscayne Beach is bringing the beach to Miami. Residents of Biscayne Beach and their guests will be just an elevator ride away from feeling the sand on the bottoms of their feet and/or enjoying a cocktail at the beach club bar. The atmosphere at Biscayne Beach should truly be a unique and special experience. The building hasn’t even been completed, yet every time I drive by it, the song “Beachball” by Nalin and Kane comes to mind. For those of you who have never heard of that song, “Beachball” was the 1997 international dance club hit. The song starts off with the words, “Yeah, let’s go to the beach”. The rest of the song is then filled with rhythmic yet soothing beats and voices. Such an amazing track! To me, it embodies the energy and atmosphere that one will find at Biscayne Beach once it is completed.
Construction of Biscayne Beach is well on its way. Earlier today, I made a visit to the construction site to show a 2 bedroom condo at Platinum. While there, I had an opportunity to snap some photos showing the progress being made to Biscayne Beach. By my count, construction has reached the 26th floor. Below are the photos I took this afternoon. Oh, and in case you’re wondering, just a handful of units remain at Biscayne Beach, one of which is a two-story grand penthouse residence with 4 bedrooms, a den, a study, wine room, 5 full bathrooms, and a rooftop terrace with private plunge pool and summer kitchen. The penthouse has 7,878 interior square feet plus an additional 2,785 square feet of outdoor space. Asking $9,450,900 ($1,200 per square foot).
New Renderings and Video Released for Paramount Miami Worldcenter
Earlier today, new renderings were released for Paramount Miami Worldcenter. As I am sure you will agree, the renderings are nothing short of spectacular! I am especially impressed with the first two renderings shown below – the Lobby and Skydeck Infinity Pool.
There’s no doubt in my mind that Paramount Miami Worldcenter has the makings to be one of Miami’s most distinguished condo developments. In the coming weeks, preconstruction sales for Paramount Miami Worldcenter will formally launch to the public. If you or someone you know have an interest in reserving a unit, I can get you in now, before the rush, at “Friends & Family” pricing. Prices start at $550 per square foot. Contact me for details at [email protected].
At the very bottom of this post is a new, full-feature demo video for Paramount Miami Worldcenter ,which was also released earlier today. Enjoy!
Paramount Miami Worldcenter Amenities / Common Areas
Paramount Miami Worldcenter Residences
Paramount Miami Worldcenter Exterior
Paramount Miami Worldcenter Video
Brickell Condo Tour and Construction Update [VIDEO] – February 14, 2015
It has been about four months since my last video tour covering the fast-paced development taking place in Brickell. Since then, a lot has happened, so I figured it was time to get back out on the road and provide everyone with another update. As you will see, this video is much more comprehensive, covering not only current and future construction, but also existing condo developments for those who may be unfamiliar or newly acquainted with the Brickell condo market. In the video, I even highlighted two, large commercial properties in Brickell which recently traded hands – the SunTrust building located at 777 Brickell Avenue, which sold earlier this week for $140M, and the former Capital at Brickell site located at 1420 South Miami Avenue, which was acquired this past December for $74.74M by CCCC International USA LLC, a subsidiary of Beijing’s China City Construction and American Da Tang Group of New York.
Exclusive, First-Look at the $2M Sales Center for Paramount Miami Worldcenter
Earlier today, I was given an exclusive, first-look at the $2M sales center for Paramount Miami Worldcenter. Wow! That was the first word out of my mouth as I entered the stunning, two-story showroom. Immediately, my eyes caught sight of the massive, wall-sized video display – such an impressive way to present the development. While there today, I was given the opportunity to watch on the big screen an unreleased video for Paramount Miami Worldcenter. I swear, the video gave me chills. It does an amazing job of conveying to the viewer just how spectacular Paramount Miami Worldcenter is going to be once it is completed. Not only that, it gives you a glimpse into the future of what is yet to come for the neighborhood. People are going to be super impressed with that video once it is released to the public.
The sales center, which is still a work in progress, is expected to be completed and opened to the public by the end of this month. At that point, preconstruction prices are expected to increase to coincide with the launch of sales to the public. Currently, units can only be reserved through the developer’s friends and family program. With prices starting at $550 per square foot, there are still a number of great options remaining. If you have an interest in learning more about Paramount Miami Worldcenter, please do not hesitate to contact me. I can be reached on my cell phone at 786-247-6332 or via email at [email protected].
