Terra Group Releases Renderings for $1 Billion Development-Upland Park
Upland Park, a $1 billion transit-oriented development planned close to Dolphin Mall, has unveiled renderings. According to the developer, Upland Park is being specifically constructed for connection with the projected east-west transit link.
Upland Park’s urban planner is Plusurbia Design, while the project’s design architect is Arquitectonica with the developer listed as the Terra Group.
According to the developer, the community would have quick access to key employment hubs like the Health District, Downtown, Brickell, and Miami International Airport.
The actual project location is the Dolphin rapid transit station.
Once within the community, people will experience a master-planned neighborhood that is walkable and has resiliency elements as well as built-in traffic solutions.
In order to appeal to “all ages and audiences,” including elders and students, the community will also offer a range of home sizes and price points.
Project Description:
1,700+ residences
140,000 sq. ft. of retail space
427,000 sq. ft. of commercial space
126 room hotel
charter school
After the developer acquired a lease for the property on December 1 and secured a $35 million site work loan, site construction is anticipated to start in early 2023.
Aston Martin Residences Miami Reaches 97% Sold
According to the developers for Aston Martin Residences Miami, the tower is now 97% sold. With this news comes another unveiling with the Aston Martin exclusive 3-story penthouse.
The new penthouse is going for $59 million and a new name ‘Unique.’
Unique features seven bedrooms, eight bathrooms, a wraparound terrace on each story, a private pool, a gym, a jacuzzi, and a custom-built garage are all included in the 20,000 square foot home.
The final Aston Martin Vulcan race car, one of just 24 versions of the company’s 7.0-liter V12 820bhp, all-carbon fiber supercar, will also be given to the buyer. It is worth $3.2 million. It has its own climate-controlled garage and is only designed for track driving.
An 80-page art book with original works of art by the six internationally renowned artists-in-residence at the property has been published to promote the penthouse plan reveal.
Units range from studio to 4 bedroom floor plans with square footage beginning at 698. River and Panoramic units start at $750,000 and rise to $8+ million depending on the floor plan and unit location. As for the Sky and Penthouse residences, units begin at $14 million reaching well over $50 million.
Development Information
Developer: G&G Business Developments
General Construction: Coastal Construction
Architect and Design Team: Luis Revuelta of Miami and Bodas-Miani-Anger of Argentina
Residence Features
Private service entrance at basement level for all move-ins and personnel
Bulthaup custom cabinetry in kitchens
White marble floors throughout the entire unit and porcelain in all balconies
Quartz countertops in the kitchen. Piatra Grey (Ceasarstone) or similar
Gagganeau appliances in all residences: (sizes depends on units)
Duravit wall-mounted toilets in all units throughout the building and bidets in select units
All bathrooms feature marble floorings and walls (Thassos or similar
Hansgrohe faucets in secondary bathrooms and exclusive Axor model in master and powder bathrooms
Italian Bertolotto doors with AGB hardware in all units
Wood-paneled front doors to residence with programmable smartphone technologies such as NFC and Bluetooth
Floor soundproofing system installed throughout all units including all bathrooms
Walls dividing units with corridors will be 10″ wide with layers of Quiet Rock improving soundproofing
German Schuco hardware on sliding glass doors
ThyssenKrupp “Destination Dispatch” elevator system from main lobbies getting passengers to their destination in the shortest travel time and enabling access only to their own floor for enhanced security
High-speed elevators going up to 1200 feet per minute
High-speed internet and Wi-Fi hotspots in all common areas
Cast iron pipes and risers avoiding Waterflow noises
Amenities
Full-service building with concierge and hospitality-inspired services
Super Yacht Marina facilities
“The Aston Martin Club” membership
Rooftop infinity pool located on 55th floor
Fitness Spa and Fitness Center with Meditation Room and Treatments Suites
Private Steam, Sauna, and Locker Facilities
Pet-friendly building
Building designed with a helipad on the rooftop
24-hour valet and covered garage self-parking
Valet charging stations for electric cars
Valet Butler
Additional bicycle and private storage spaces
10 destination controlled super hi-speed elevators and separate dedicated service elevators
Digital connection to concierge and all building amenities from every residence
State-of-the-art Business Center and Conference Rooms
Art Gallery and Art Lobby on 53rd floor
Private Residence Movie Theatre, Event Space, Kids Playroom, Teen Center, and Game Rooms
Virtual Golf
Beauty Salon with blow-dry station, pedicure chair, manicure table, and wash stations
If you or someone you know have any interest in purchasing at Aston Martin Residences, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
Standard Residences Construction Update
Developer for The Standard Residences, Ross Development has officially applied for a construction update. The plans were originally filed on December 14.
Situated between the Design District and Wynwood, the Standard Residences will rise to 12 stores and will feature 228 luxury hotel branded units curated by Urban Robot and Standard International. Arquitectonica is listed as the architect on the project.
The luxury units range from 432 to 965 square feet of living space with the studio to two-bedroom floor plan options still available. Prices will range from $469,900 to $949,900
Price Breakdown
Studios starting at $469,900
1-bedroom starting at $699,900
1-Bedroom + Den starting at $809,900
2-bedrooms starting at $949,900
The units will feature cubby kitchens designed by Urban Robot, expansive 6′ deep terraces, and master baths with double showers. Unit owners will be able to rent their units for periods of up to 30 days with exclusive benefits to friends and family.
Amenities:
35,000 square feet of amenities
10,000 square feet of retail space
Expansive lobby with lounge areas and a cafe
Rooftop restaurant
Bar
60-foot resort-style pool
Sweat room and fitness center
Indoor pickleball court
Yoga and stretch studios
Karaoke bar
Pet Spa
Party room
Carols Rosso, owner of Rosso Development has stated that this is his first major development since he left the Related Group. Rosso hinted at additional Standard-branded residential projects in the pipeline.
Standard International, currently operates 16 hotels in the United States and across the world and owns a waterfront hotel on the Venetian Islands in Miami Beach named the Standard Spa.
The Standard Residences are already 70% sold with construction completion slated for 2024. If you or someone you know have an interest in purchasing at The Standard Residences, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
New Report Shows Miami as the Most Competitive Rental Market in the United States
Renting is at its greatest level in fifty years, with almost 44 million American households renting. However, some renters found it difficult to find a new place to call home in 2022, particularly in the highly sought-after South Florida region, which has long been a popular relocation destination for individuals from all over the country.
Additionally, in the past two years, more people have relocated to the Sunshine State as a result of laxer rules and the growing use of remote work. As a result, migrants found themselves in a competitive market with local residents looking for units, making Miami-Dade the most popular rental market in the country.
RentCafe.com examined the 135 biggest U.S. markets examing five crucial metrics that include the number of days apartments were vacant, the percentage of occupied rentals, the number of prospective renters, the percentage of rental renewals, and the share of apartments completed for the year.
The largest metro areas in Florida opened new apartments this year more quickly than any other city in the nation. However, this was still insufficient to meet the rising demand in such a well-liked location.
Due to record-high occupancy and high lease renewal rates, Miami had the hottest rental market in the United States. Numerous Millennials and even members of Generation Z who wanted to work and live in the Sunshine State were drawn due to a number of factors, including the absence of a state income tax, the business-friendly environment, and the thriving tech scene.
Renters in Miami are in a very difficult situation because practically all units are occupied, especially since 75% of apartment residents choose to stay put this year. As a result, Miami’s rental apartments were full in 25 days on average, with a record-breaking 32 renters competing for each available property. Additionally, despite the metro area’s stunning 2.8% rise in apartment supply in the first half of the year (the highest growth rate among the top 20 cities in the ranking), the high demand for rentals is still far from being satisfied.
Notably, the city’s favorable business environment, which draws corporate relocations and expansions, maybe the cause of this demand. Orlando is also a member of the Florida High Tech Corridor, which attracts business people, students, and young professionals.
Florida welcomed the newest residents between 2020 and 2021, according to the US Census Bureau (220,890 people looking to escape high taxes and frigid winters in the North). Arizona (170,307) and Texas (170,307) were much behind it (93,026). And even while developers are hard at work constructing apartments all around Florida, the supply of recently created rentals is just insufficient to meet the soaring demand for housing.
Taurus Investment Holdings and The Congress Group Switch Civica Development from Office to Residential
The focus of Civica’s plans is shifting from offices to residences in recently updated plans for the development. In the previous plans, the development was set to rise 22 stories tall with a height change to 27 stories or 310 feet.
The changes also include 342 residential units, luxury amenities, commercial and office space, and an 8-level garage with 590 parking spaces.
The property is located five minutes walk from the Civic Center Metrorail station. The land sits right behind the 836 Expressway, which is being reconstructed as part of the Signature Bridge project.
Currently on the site is a three-story shopping center with 74,463 square feet, as well as a 4,768 square-foot bank branch. While the tower is being constructed, both of those buildings would still be present, albeit their parking spaces would be moved to the new parking garage for the complex.
The Miami Urban Development Review Board is scheduled to examine the project at a hearing on December 21. The architect for the project is listed as Cube 3 and the developers include Boston-based, Taurus Investment Holdings, and The Congress Group. The developer purchased the site for a combined $30.5 million in 2020.
Aria Development and Merrimac Ventures Buy Miami Worldcenter Site for $17.5 Million for Proposed Condo Building
After purchasing a redevelopment site for $17.5 million, Aria Development Group and Merrimac Ventures have proposed a new Miami Worldcenter condominium building.
According to records, the joint venture paid the labor union $11 million to take over the former Miami headquarters of the International Longshoremen’s Association at 33-55 Northwest Sixth Street. According to a press statement, Aria and Merrimac also paid $6.5 million to acquire a neighboring unoccupied 1.2-acre site from a partner of Miami Worldcenter developers Art Falcone and Nitin Motwani.
The project calls for a 32-story skyscraper with about 600 fully furnished residential units with no limitations on short-term rentals with pricing starting at $395,000.
The final construction plot that was up for grabs in the Miami Worldcenter district was purchased by Fort Lauderdale-based Merrimac, led by Nitin and Dev Motwani, and Miami-based Aria, led by principal David Arditi, according to Mattingly.
Merrimac and The Related Group partnered earlier this year to pay $12 million for another Miami Worldcenter development plot at 601 North Miami Avenue, The Crosby, a 33-story, 450-unit condo tower that will also be accommodating to short-term rentals.
Miami Worldcenter, a $4 billion master-planned mixed-use city, is luring titans of the real estate sector to make investments in the area. For a property at 697 North Miami Avenue that was previously permitted for a 40-story, 429-unit skyscraper, a business connected to WeWork co-founder Adam Neumann received $108 million in construction financing in February. Neumann also owns the Caoba apartment complex, which is a nearby residence.
A.5-acre development site on Northwest 10th Street and North Miami Avenue was purchased by San Antonio-based Lynd Living in August for $30 million. Although a 650-unit apartment building is permitted on the plot, Lynd hasn’t made its official plans public.
One acre at 1016 Northeast Second Avenue, where the New York-based developer intends to construct a two-tower residential complex, was purchased by Naftali Group for $40.5 million a month later.
Aria Development Plans 105 Unit Development in South Brickell-2200 Brickell
Miami’s 2200 Brickell is a brand-new, luxurious condo offering an unrivaled modern condo investment opportunity. Across from opulent waterfront towers, close to Coconut Grove and the Rickenbacker Causeway. On 1.65 acres, these 105 condo units will be a great residential choice in the most sought-after part of downtown Miami.
After the recent success of YotelPad and the current spectacular new short-term rental developments with AirBNB of 501 First Residences and 600 Miami Worldcenter, ARIA Development Group, a builder with high prestige in the market, will develop 2200 Brickell residences. Aria Development is also partnering with Largo and Place Projects on 2200 Brickell.
Developer: Aria Development Group, Largo, Place Projects
Architecture: Revuelta Architecture International
Interior Design: ODA New York
Number of Residences: 105
Number of Stories: 5
Residences:
1 Bedroom 590 – 864 SF
2 Bedroom 1,187 – 1,329 SF
3 Bedroom 1,470 – 1,846 SF
Garden Villas
2 Bedroom1,233 – 1,793 SF
Bedroom1,973 – 2,070 SF
Residence Amenities:
Floor-to-ceiling glass windows and sliding glass balcony doors
Large format ceramic tile flooring throughout the living area with engineered wood flooring in bedrooms
Fully tiled balconies featuring glass railings with access from the living room and primary bedroom of every residence
Custom gourmet kitchens designed by ODA New York with wood cabinetry and stone countertops
Luxury primary bathrooms featuring double vanities, stone countertops, porcelain tile on walls and floors as well as rain showers
Spacious, fully built-out custom closets
Dedicated laundry featuring a full-sized washer and dryer
Development Amenities:
Covered porte-cochère
On-site valet parking
Double-height, 24-hour attended lobby
Above-ground parking on all levels with direct access to residences
Electric vehicle charging
Luxer One automated parcel storage featuring tech-forward, contactless digital package delivery system with cold storage
The resident lounge and entertaining space
Dedicated work-from-home suites with conference room
World-class state-of-the-art fitness center designed by Homage Fitness
Custom children’s playroom designed by Silver Hill Arts
Cycling lounge & workshop and bike storage
WELL Building StandardTM designation with thoughtful and intentional spaces that enhance human health and well-being
Resort-style pool with outdoor spa and poolside cabanas
Pickleball court
Summer kitchen with ample seating
Outdoor fitness area designed by Homage Fitness
Children’s play area by Silver Hill Arts
Quarter-mile walking track
Pricing for the units will begin at $1,000,000.
Midway through October 2200 Brickell Holding LLC and Miami-Water Dade’s and Sewer Department reached an agreement for the supply of utilities for the new project. The demolition permit to clear the site was also issued in August 2022.
First Look at Resident’s Only Members Club at Five Park
The newest luxury residential tower building in Miami Beach, Five Park by Terra and GFO Investment, has revealed plans for the first residents-only, fully-serviced social club inside a luxury apartment. A social amenity package centered on cultural activities, fitness, and fine dining is offered by The Canopy Club.
A specialized club-level concierge and extensive programming are characteristics of The Canopy Club. The Club enables residents to live, work, play, and entertain their guests in a range of venues suited to every mood, including white glove service, wellness, dynamic recreational areas, and the finest dining.
The Canopy Club’s Specialty Dining and Beverage Program, a seasonal dining experience designed by famous chefs and situated in the opulent jewel box bar and dining room, will be available to members only. The Club also features private training rooms, state-of-the-art wellness facilities, a branded spa, a personal trainer on staff, and breathtaking bay and ocean views.
Five Park introduces 50,000 square feet of indoor amenities and a three-acre park outside, creating a new standard for the Miami Beach lifestyle under the direction of a recognized team of visionaries. The 40,000 square feet of social spaces that make up the 26th-floor Canopy Club include a private dining room, a jewel box bar and lounge, living rooms, a library, a den, outdoor terraces, wellness, and workout sections.
Additionally, just a few blocks away at the Five Park private beach club, locals have access to their own section of the beach. The outdoor club, which is on South of Fifth, introduces a branded, exclusive area with lounge chairs, umbrellas, and food and beverage service.
According to the CEO of Terra Development, “Five Park’s Canopy Club represents a new standard of luxury and exclusivity in Miami Beach. We developed a selection of amenities that enhance quality of life, wellness, culture and connectivity. Five Park residents will make their homes within a building that embodies a complete living, breathing ecosystem, offering dynamic spaces and creative programming to their doorsteps.”
3 Tower Development Proposed at 3333 Biscayne Boulevard
According to a filing with the city planners, plans for a 3-tower mixed-use complex at 3333 Biscayne Boulevard in Edgewater have been made public.
The three towers themselves will be labeled as East, West, and North towers. The East tower is proposed to be a residential tower that will rise 41 stories tall with the North tower, also residential rising 40 stories tall. The West tower will be mainly a commercial tower with available office rental space rising 12 stories.
The development will also include 635 residential units spreading over the East and North towers which will also include 9 townhomes. There will also be 1,210 parking spaces throughout the 8-level garage. The office space will include 156,989 square feet and 19,180 square feet will be dedicated to the ground floor commercial spaces.
In a statement from the Developer, the three towers and a podium were developed by the project architect without overcrowding the space. An office tower on Biscayne Boulevard has a staggered design to wisely avoid reaching its full authorized height. To optimize separation and prevent crowding, the two residential buildings are set apart from one another at a diagonal angle. Nine ground-floor townhome units and a courtyard are positioned along the north and east facades of the project’s podium level, where they are intended to keep public spaces active.
The Applicant is happy to have generated an amazing design without the requirement for Waivers, Warrants, or Exceptions due to the Property’s enormous acreage and a private agreement among the owners of the united parcels to divide development rights among their sites.
A covenant in lieu of unity of title is being used in the proposal to use development rights from nearby properties that Aimco owns.
The architect is credited as Stantec. The developer had previously been identified as Beitel Group.
On November 16, there will be a hearing before the Urban Development Review Board.
