One Miami Notice

May 26, 2007

Today, condo owners at One Miami received an email notifying them that the Board of Directors has approved some revisions as of May 10, 2007. It goes on to say the following:

The lease and purchase applications are new and require additional documents and fees. All new applicants for lease or purchase must be notified to contact the Management Office and apply for approval from the Board of Directors prior to moving in to the premises of One Miami.

Although it may not seem like it, this is actually good news for condo owners at One Miami. This move was highly anticipated and long overdue. My guess is that the Board of Directors has decided to toughen the rental policy at One Miami and will most likely enforce a common areas deposit for the building which has become more and more common in newer buildings in recent years.

One Miami has the reputation of being a very social building. As one of the more affordable luxury high-rises in Downtown Miami, it has attracted a lot of renters. In recent months, I have heard complaints from residents at One Miami that the building has had some wear and tear attributable to the renters who reside there. It is common knowledge that a condo owner will, in most cases, take better care of the building in which he or she dwells than a renter. It looks like the Board of Directors is cracking the whip to alleviate this problem.

Built in 2005, One Miami is a recent addition to the Downtown Miami neighborhood. It is ideally located on the mouth of the Miami River and Biscayne Bay. The riverwalk in front of the building connects to Bayfront Park and Bayside Marketplace. Almost all condos in the building have some sort of water view and some even have views of the ocean. It is one of the more affordable luxury high-rise buildings in Downtown Miami. One Miami has five-star amenities such as concierge, 24-hour security, two swimming pools, two clubs rooms, two state-of-the-art fitness centers, valet service and much more. Along with the rest of the Miami real estate market, prices at One Miami have dipped a bit in the past year but have held up relatively well considering the number of new units in Downtown Miami and Brickell that have become available in the past year and the inventory of condo units that will come on-board in the next 12 moths. The three fundamentals of real estate are location, location, location and One Miami has all three with water views that will never be lost.

The video below will show you the beautiful riverwalk in front of the One Miami building and the outdoor artwork located along the walkway. The riverwalk currently connects from the building known as Brickell on the River to the shops at Bayside Marketplace but will eventually run further west along the Miami River.

The following video will show you a two bedroom at One Miami with bamboo floors throughout. It is a south-facing unit with views of Brickell Key, Biscayne Bay and the Miami River. This condo is available for sale or lease. The list prices are $499,000 and $2,600, respectively.