Continuum South Beach Penthouse Sells for $35 Million After 6 Years on the Market
You may have heard that the Miami real estate market is hot and if you need any convincing, the Continuum South Beach penthouse that has been sitting on the market for 6 years has just sold!
Ian Bruce Eichner, the developer for Continuum South Beach has sold his penthouse in the tower for a cool $35 million. It was originally listed for $48 million in 2014. According to the Wall Street Journal, Eichner had been renting out the penthouse since December 2020 at $200,000 monthly on a short-term lease.
Located at 100 South Pointe Drive, Miami Beach; this one-of-a-kind 4-story penthouse boasts 11,031 square feet with 6 bedrooms, 7.5 bathrooms, a 6,000 square foot terrace, and a rooftop pool. Some of the more exclusive features of this penthouse is the cabana, guest unit, and 10 parking spaces.
Continuum South Beach is a 2 tower development. Tower one was finished in 2002 and tower 2 was completed in 2003 featuring all of the amenities that luxury towers could ask for. The development amenities include: resort-style pools, lap pool, full service beach club, 13,000 square foot world-class spa and fitness center, restaurant, 3 clay tennis courts, tennis pro shop, 24-hour security, full service concierge and valet parking.
The original asking price for this unit was $39.9 million. Eichner did not disclose who the buyer was for this deal.
With limited inventory and a high-demand for penthouses/condos with luxury amenities in Miami, it is no surprise that this gorgeous penthouse sold!
City of Miami Approves New 37-Story Tower Called The District
The City of Miami has recently approved The Related Group and Parcel C LLC’s proposal for a 37-story residential tower in downtown Miami, named ‘The District.’ This project will include 343 residential condos, 2,297 square feet of retail space, and will have no parking (the developer is requesting a waiver to allow off-site parking). Siegar Suarez Architects prepared the design and plans.
The District is proposed to be 393 plus feet tall and will be located at 225 and 223 N. Miami Avenue. According to Miami Today, The District will have retail on the ground floor, and the apartments will be located above the retail space. The paperwork that was filed also includes the fact that some units may be transitioned into hotel rooms as well.
Amenities for The District include a gym, racquetball, basketball, lounges, pool deck, rooftop spa, and barbeque area.
Several waivers have been requested and approved for the Miami 21 zoning code:
Primary and secondary setbacks
Side and rear setbacks above the eighth story
Permit off-site parking within 1,000 feet
10% increase in the maximum lot coverage
Two residential loading berths substituted for one commercial loading berth
Reduction of the required ground-level setback on the property’s frontage
According to the Board member Robert Behar, who shared concerns about pedestrian safety with the limited amount of parking available.
According to The Related Group’s Attorney, Ms. Escarra, has stated, “The Project limits the interaction between vehicles and pedestrians by removing vehicular access to the Property. This will allow pedestrians to enter the Project with no vehicular conflict, as parking will be provided offsite, per the requested Waiver.”
The city’s Urban Development Review Board voted unanimously to recommend approval of the project on April 9, 2021. The construction permit has not been filed yet, and the groundbreaking is set to begin sometime this year.
UNA Residences will feature floor to ceiling glass surfaces on every floor ‘reflecting the Miami sunshine,’ 10′ 8″ foot ceilings in every residence, and the most spectacular views of Biscayne Bay and the Rickenbacker causeway. Prices for these remarkable units range from $942,000 to $6,643,000.
Construction is currently underway. Rebar is being brought in to construct the foundation and cranes are onsite beginning the dig-out of the 100,000 square feet car garage, which will be 50 feet deep and three stories below sea level. According to a construction update from the Florida Construction news, 800 holes will be drilled into the ground then filled with concrete creating interlocking pillars that will eventually construct a cement block for the garage. That block will then be hollowed out to create the deep garage.
BUILDING FEATURES
135 luxury condominium residences
Iconic 45-story waterfront condominium
2 to 5 bedroom residences ranging from 1,100 to 4,786 sq ft
Unobstructed views of the Atlantic Ocean, Biscayne Bay, and the city skyline
High-efficiency and noise-reducing floor-to-ceiling exterior glass
Three levels of underground parking
RESIDENCE FEATURES
Private elevator entries into each residence
Expansive terraces with effortless “lift-and-glide” floor-to-ceiling doors and glass balcony railings
10’8″ ceiling heights, above Miami standard
Chef’s kitchens with Gaggenau ovens, electric induction cook tops, microwaves, dishwashers, and refrigerators/freezers
Master suites with separate his and hers closets and bathrooms
Utility rooms with full-sized washers and dryers
Flow-through residences with east-to-west ocean and city exposures on the top floors
Two penthouses, each with a private pool and 11’7″ to 12’4″ ceilings
AMENITIES
Bayfront pool
Outdoor lap pool
Family pool
Jacuzzi
Catering kitchen
Kids’ splash-pad area
Owners’ lounge
Private dining/party room
Movie theater
Kids’ playroom
Outdoor lounge
Baywalk access
State-of-the-art fitness center, with yoga and personal training areas, plus his and hers dressing rooms
Private marina
Spa with steam room and sauna, as well as indoor and outdoor private massage treatment rooms overlooking the bay
Dedicated beauty suite for private hair styling, manicure and pedicure appointments
Beautifully landscaped outdoor terraces
Dog-walk area
Private air-conditioned storage areas
SERVICES
24-hour concierge service
Combination of valet service and self-parking
Package room
UNA Residences Miami is estimated to be completed summer of 2022. We will continue to update this article once construction has progressed.
Construction has Reached the 49th Floor of the Aston Martin Residences Miami
Aston Martin Residences is a condominium skyscraper currently under construction in Miami. Located at 300 Biscayne Bay Blvd in downtown Miami and situated along the Miami River and Biscayne Bay.
The original plans for this tower were a proposed 66 stories and 817 feet high. According to a source, this tower will now be 70 stories, making it just over 860 feet. These additional stories will include an owner’s lounge among other amenities that will be released to the public as construction continues.
The construction has reached the 49th floor and has almost reached the height of Epic Residences which is directly west of the tower. It has also cleared the Met 1 tower which is directly east of Aston Martin Residences.
Although the tower will be larger than proposed, it will still have its amazing features with 391 residences with studio to 4 bedroom unit options. Floor 56 and above are dedicated to the penthouse units with panoramic views and their own private pools. The building will also feature a full-service marina which will accommodate super yachts!
Although the building size has changed, there has been no official update on when the project will be completed. As it stands, construction is expected to be complete in 2022. We will update this article once we receive more information on this luxury condominium tower!
Elysee Receives TCO – Closings are set to begin in the Coming Days
No, it’s not an April Fool’s joke, Elysee has finally received its TCO! Two Roads Development, the developer of Elysee, has officially received its temporary certificate of occupancy after a five-month delay, which means that closings will begin in the upcoming days. According to our sources, Elysee is approaching 90% sold.
Elysee will be the tallest building in the Edgewater neighborhood standing 57 stories on the shore of Biscayne Bay. Elysee sets a new standard of luxury with its contemporary architecture, designed by Bernardo Fort-Brescia of Arquitectonia. The building was designed with three tiers of different sizes with the largest tier on the top creating a telescopic shape.
With only 100 units (no more than two per floor), this layout creates unobstructed Miami and Biscayne Bay for every unit.
Impact resistant floor-to-ceiling glass windows and sliding glass balcony doors
Two 8-10 foot terraces facing East & West (sunrise & sunset)
360-Degree Views
Savant wireless technology systems
ItalKraft® cabinetry in kitchens and baths
Sub-Zero® and Wolf® stainless steel appliances
Full size washer & dryer
Designer faucets and fixtures
50% of the residences have nanny/maid’s quarters
Two parking spaces per residence
Toto® Toilets
Service and staff elevator(s)
Over 50% of residences have nanny/maid’s quarters
Building Amenities
24-Hour door attendants
24-Hour security and video surveillance
White glove concierge service
On-site automobile concierge
Valet parking
Expansive 30ft wide motor court
Landscape and grounds crew
Robotic parking
Two guest suites available
Storage area
Bike storage
7th Floor Amenities
360-Degree views
75-Foot resort pool
Outdoor summer kitchen & BBQ terrace
Fitness center and Yoga studio
Dedicated men and women’s spa with sauna, steam shower & massage tables
Blow dry bar
Children’s room adjacent to fitness center
Teen room
Two guest suites
13th Floor Amenities
Great room with grand piano
South-facing grand dining room (Seats up to 30 Guests)
Library that converts to private theatre with high-definition projector
Full lounge bar
Chef’s kitchen
Chef’s table with indoor and outdoor seating
Business center
Resident wine storage
Game room
Pricing for Elysee
3 Bedrooms: $.68M – $2.3M with a North Eastern exposure
3 Bedrooms: $1.67M – $2.7M with a South Eastern exposure
4 Bedrooms: $3.2M – $3.8M with a North Eastern exposure
4 Bedrooms: $3.5M – $4.2M with South Eastern exposure
Although there are few units remaining, if you or someone you know has any interest in purchasing a remaining unit at Elysee, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.
Closings Have Started for Monad Terrace Miami Beach
Monad Terrace is a new luxury condo tower in the heart of Miami Beach at 1300 Monad Terr, Miami Beach. This boutique waterfront condo development will feature 59 units with two to five bedroom options including four penthouses. According to the property records, seven condos have sold between $1.4 to $8 million.
The developer for the project is Michael Stern, a New York developer who is making his name known in South Florida. One of his other known Miami projects is the Echo Brickell tower. The project’s partners include Stern JDS (principal), New Valley, Ackerman Development and Mink Development. The designer is Ateliers Jean Nouvel along beside architect Kobi Karp.
According to the Real Deal, this tower has been in a planning stage since 2015. Stern and his partners financed the construction with a $137 million loan from a New York based real estate lender, Madison Realty Capital. The 14 parcel development was chosen in 2015 and cost $51 million plus.
In 2019, penthouse B went under contract for $8 million by Joshua Wander, managing partner for a Miami based private equity firm. Within the past 3 months, there has been an increase in sales with units totaling $70 million plus under contract including three of the four penthouses. The remaining units range from $2 million to $12.5 million.
Building Amenities:
Sundeck with swimming pool
Hot tub that overlooks Biscayne Bay
Cafe and Juice Bar
Wellness center
Dock
Bicycle and water sports storage room
Residence Amenities:
Seamless indoor-outdoor living space
Biscayne Bay views
Kitchens designed by Jean Nouvel
Cantilevered marble island
State-of-the-art appliances
Wood ceilings
Reflective Cabinetry
Custom bathrooms designed by Jean Nouvel
Spacious stone countertops
Stone tiled walls
Spacious soaking tubs
Stern will also have a hand in the development of the 62-story Brickell Treehouse tower project that will feature 1,000 apartments, 200 micro-units, hotel, and office space.
If you or someone you know has any interest in purchasing a unit at the Monad Terrace Tower, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.
Missoni Baia Construction Passes its Halfway Point
Welcome to Missoni Baia! This remarkable waterfront tower will feature 57 floors with an impressive 200 feet of Biscayne Bay frontage. Curated by New York designer Paris Forino, with 249 custom one-to-five bedroom options. The architect for this tower is Hani Rashid of Asymptotoe Architecture and the developer is OKO Group under Vladislav Doronin.
Construction is underway for this gorgeous tower and it has passed the half-way point. According to CEO of developer Cain International, “This milestone is a testament to the team’s diligence and hard work despite the challenges presented by the current environment. Building Missoni Baia to its midpoint milestone is a remarkable moment for our team as we bring this elegantly designed, landmark project to life.”
According to a press release from Missoni Baia, all windows have been added to the north and south tower up to the 36th floor, including partial balconies. Civic Construction, the general contractor has stated that top-off is estimated this time next year.
Building Information:
Prices start at $600,000 to $9 million
One-to-five bedroom layouts
776 to 3,788 square feet
Direct Bay or City views with panoramic views of Biscayne Bay, Downtown Miami or South Beach
Residences feature 10 foot ceilings
Terraces with impact resistant glass windows are 8 to 10 feet deep
Marble-encased bathrooms with European styles lacquered cabinets
Custom kitchens with top-of-the-line cabinetry and high end appliances
The residents will have access to all the amenities a luxury resort has to office; five separate pools with an Olympic-sized swimming pool, and an infinity pool with views of Biscayne Bay. Poolside lounges, cabanas, elevated tennis courts, and luxury spa are also available. Residents will also receive membership access to the Grand Bay Club beachfront of Miami’s Key Biscayne.
Missoni Baia is still on track for completion for the end of 2022! Subscribe for more updates on Missoni Baia construction!
Tallest Residential Tower in Miami at 100 Stories – Waldorf Astoria Residences Miami has Officially Launched Sales
Waldorf Astoria Residences Miami has officially launched their sales center on March 23rd, 2021. Located at 300 Biscayne Boulevard, Waldorf Astoria is planned to be the tallest residential tower in Miami at 100 stories and will be the tallest tower south of Manhattan.
This tower will feature 360 condo, 205 hotel rooms, and suites. Amenities include a Peacock Alley Lounge, a restaurant, indoor and outdoor event area, resort-style pool with cabanas, spa and fitness center.
Architects include Carlos Ott and Sieger Suarez, whom have created a nine offset glass cube design for the tower. The hotel is announced to be within the first 3 cubes of the tower and the rest will include the condominiums.
Developer Information:
Developers: PMG – Property Markets Group & Greybrook Realty Partners
Architect: Carlos Ott (conceptual artist) with Sieger Suarez
Tower Distribution:
3rd Level – Condominium lobby
5th level – Hotel Signature Restaurant and Peacock Alley
Level 7 to 16 – Hotel guest rooms and suites
Level 17 – Hotel function spaces, main ballroom, junior ballrooms and multi-purpose function space
Level 19 – Hotel lounge bar, meeting and boardrooms
Level 21 – Hotel pool deck with café and signature F&B
Level 23 and 24 – Spa and fitness
Level 26 to 31 – Hotel guest rooms and suites
Level 31 to 32 – Private residential amenity level; pool deck
Level 34 to 85 – Residential condominium
Level 86 to the top – Penthouse level
Pricing:
Junior Suite Residences $650,000
1 Bedroom Residences $1,000,000
2 Bedroom Residences $1,700,000
3 Bedroom residences $3,100,000
4 Bedroom Residences $4,900,000
Payment Plan:
10% deposit at contract
10% deposit in 6 months
10% deposit groundbreaking
10% deposit one year after the groundbreaking
60% deposit at closing
HOA – $0.80 per square feet
Rental terms – minimum 3 months only twice a year
Building Overview:
100 Stories
360 private residences
Studios, 1, 2, 3, and 4-bedrooms
Penthouse Collection
Building Features:
The 100-story tower located in Downtown Miami across from Biscayne Bay
Conceptually designed by world-renowned architect Carlos Ott in collaboration with Sieger Suarez Architects
360 branded luxury residences
205 hotel guestrooms and suites
Interiors created by BAMO design firm
Peacock Alley
True Waldorf Service and concierge
Unobstructed views of city and downtown skyline, Miami Beach and Atlantic Ocean
Waldorf Astoria immersive resort-style pool with outdoor café and private cabanas
Private Bar/ Wine Tasting Room
Signature Restaurant
All-Day Dining Brasserie
Pre-function and function spaces
Meeting and boardrooms
Waldorf Astoria Kids Clubs
24 hour Valet services
Sales have started and the construction completion date is set for 2025. If you or someone you know has any interest in purchasing a unit at Waldorf Astoria Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.
Vizcaya Metrorail Station Project Begins Reviewing 7 Construction Proposals
Miami-Dade County is currently reviewing 7 construction proposals for the mixed-use project at the Vizcaya Metrorail Station. This development on 2.62 acres is set to feature condominiums, retail shops, and restaurants.
According to the South Florida Business Journal, all proposals are limited to 10 stories as well as a majority of the project must be residential units with 12.5% to be workforce housing.
Miami-Dade requested proposals in December 2020. The deadline was at the beginning of March and the current 7 proposals include those from:
Related Group: Proposing two 25-story towers. The first tower would have 391 apartments and 2,500 square feet of retail space. The second tower would be 320,000 square feet of office space. A 7-story parking garage with 638 spaces would be included. This project is above the 10-story maximum height restrictions.
Rilea Group, Axis Realty Trust, Coastal Construction and McKinney Properties: This project would be called ‘Vizcaya Park’ with two 10-story buildings connecting by a bridge. Proposal includes 288 apartments, 19,040 square feet of retail, 135 public parking spaces in underground garage, and 223 parking spaces for residences.
Adler Group & 13th Floor: This proposal includes 327 apartments with one 9 and one 10-story buildings. Improvements include those to the Underline, Metrorail station and the pedestrian bridge. This would include 309 parking spaces, with 100 for the public.
Grass River Property and Coral Rock Development Group: This project will include 292 workforce or affordable housing units and 3,000 square feet of retail in two eight-story buildings. Project includes 310-space parking garage and a community center.
Housing Trust Group: This proposal includes 209 workforce housing units, 15,000 square feet of offices, 2,600 square feet of retail, and a 126,000-square-foot parking garage in eight stories.
Mill Creek Residential: This proposal includes 392 apartments in two 10-story buildings with 8,000 square feet of retail and 620 parking spaces.
Terra Development Group: One 5-story and one 10-story with a combined 327 workforce housing units, 8,530 square feet of commercial space. Also included are 463 parking spaces with 100 for public use.
The proposals were set to be reviewed on March 19, 2021 but as of right now, no determination has been made on which proposal won.
