501 First Residences- Renderings and Plans Just Released for the 40 Story Tower in Downtown Miami
Miami can now officially welcome the newest pre-construction tower to grace our gorgeous skyline, 501 First Residences in downtown Miami. This new 40-story tower with 448, will be developed by Aria Development Group and designed by Revuelta Architecture International, who also designed Wind and 900 Biscayne. 501 First Residences will be located at 501 Northeast 1st Avenue with views of downtown Miami and Biscayne Bay.
Acoording to the Aria Development group, this particular development will be built to cater to the short-term rental market. The biggest perk is that there will be no rental restrictions. Which means, the resident can utilize any consumer platform (Vrbo, Expedia, Airbnb, etc.) to rent and each unit can be rent for 1 day or more.
The renderings reveal floor-to-ceiling windows and expansive balconies. The sleek structure is curved creating a horizontal and vertical grid like design. The exact height of the development hasn’t been released but we can expect the 40-story high structure to be over 450 feet in height.
The 448 luxury units will be fully finished and furnished with pricing starting at $300,000. Floor plans will range from studios, 1 bedroom, and 2 bedrooms. The square footage for each unit is expected to be from 385 to 835 square feet.
Residence Features:
Fully finished and furnished residences thoughtfully curated by award-winning design firm, Shim Projects
Floor to ceiling glass windows with custom window treatments
All residences feature balconies
Biscayne Bay and Miami skyline views
Finished flooring on all residential interiors and balconies
In-unit washers and dryers
Kitchens and bathrooms feature custom Italian cabinetry and counters
Speed oven by Smeg
Integrated paneled refrigerator and freezer
Dishwasher
Fully built-out closets
Hansgrohe bathroom fixtures, features, and accessories in dark matte finish
Building Amenities:
Porte-cochère entrance with 24/7 valet service
On-site management office
Mid-century, modern-inspired interior finishes and furniture in residential lobby with 25ft ceiling
Secure bicycle storage in enclosed and air-conditioned space
Centrally-located personal storage for all owners
Luxer One Package Room featuring a tech-forward, contactless digital package delivery system
Dry-cleaning service
Ground floor bistro and bar helmed by New York City’s GPG Hospitality
State-of-the-art indoor gym with private fitness training rooms
Yoga/meditation room
75-foot resort-style lap pool
North-facing private rooftop movie theatre experience
Grill & Chill on the Sunrise and Sunset Decks
Outdoor Game Lawn
Hot hydrotherapy bath
Private club suite with game tables
Entertainment chef’s kitchen
Media Room
Library
Private workspaces
Pet Lounge with pet bath station
Greenhouse
The site currently features a 2-story buidling that was built in 1924 and was previously the sales center for YotelPad Miami. The entire project will take over 4 lots equaling 22,500 square feet. According to tax records, the developer purchased the lots in 2015 for $8,250,000.
According to Miami-Dade Country records, construction permits have not been filed. The ground breaking is expected to be scheduled for spring 2022 with a top-off date in spring 2023.
Cryptocurrency Making Headway in Real Estate – Miami’s First Development Will Start Accepting Digital Currency
The real estate market is changing and it’s happening fast! We have seen sellers accepting cryptocurrency with offers as a bargaining chip and now we have our first Miami development accepting the digital platform currency for their development.
Arte Surfside Miami Beach is the first to join the cryptocurrency movement! Arte has officially partnered with SolidBlock, a securities trading platform, to provide safe and secure transactions for buying and selling needs.
SolidBlock’s is an end-to-end platform that helps real estate developers and fund managers raise funds offering digital securities. This platform assists with ‘tokening’ assets and selling shares in exchange for cryptocurrency. They believe that helping reduce overhead costs by moving quickly as well as structuring the safety for your business needs will achieve the highest level of cryptocurrency trading satisfaction. SolidBlock was founded in 2018 and has just recently expanded to the United States.
According to the Developer for Arte Surfside, Giovanni Fasciano, “Cryptocurrency is not only viable and sustainable new asset, it’s also the future of wealth. As more technology executives move to Miami and bring cryptocurrency along with them, it is crucial that buildings start to devise plans to make blockchain transactions easier and more secure for investors…”
Arte Surfside is setting the bar for real estate transactions in Miami and we are excited to see what is in store. The future of real estate is here. Are you ready?
Oko Group Obtains $128 Million Loan to Finish Construction on Una Residences
Oko Group and Cain International, developers for Una Residences, have just obtained a loan of $128 million to complete the construction. As of April 2021, $76 million in pre-sales have been recorded with a majority of domestic buyers. The tower is at 72% sold with 2 exclusive penthouse residences left for purchase in the tower.
The loan was brokered by Walker & Dunlop with representing law firms Weil Gotshal & Manges and King & Spaulding.
According to the CEO of Oko Group, Vlad Doronin stated, “Miami’s increasing global appeal is drawing families to live and businesses to invest in high quality real estate, particularly rare and exclusive offerings such as Una Residences; one of the last opportunities to buy a waterfront property in one of Miami’s most desirable neighborhoods.”
This tower will feature 47 stories of 135 units located at 175 S.E. 25th Road on 1.04 acres right up against Biscayne Bay.
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
The ground breaking was in May 2020 and the 47-story tower is expected to be complete in 2023. For a construction update, click here.
Rilea Group Launches Campaign to Crowdfund Mohawk at Wynwood Project
Miami-based developer, Rilea Group has launched a campaign to crowdfund a mixed-use project, called Mohawk at Wynwood, through an investor community known as RealtyMogul. This platform is comprised of 200,000 investors with a $2.8 billion portfolio that backs over 15,000 multi-family units.
The campaign was launched on April 5, 2021 and is expected to end June 4, 2021. The goal for Rilea Group is to raise $10 million through RealtyMogul with an overall price tag of $103.4 million.
Mohawk’s design brings the edginess of local artist’s murals and modern steel framing to create a master piece that targets young entrepreneurs.
Building Features:
12-story building
225 residences
3,500 square feet of office space (for residents only)
22,000 square feet of retail space
Designed by Deforma Studios
1, 2, and 3 bedroom unit options
Building Amenities:
Rooftop pool
Bar
Lounge
Chef’s dining room
Children’s room
Game room
2-story gym
Yoga room
Dog park
Outdoor greenway
Rilea group is currently under contract with 29th Street Warehouses LLC for the Mohawk lot located at 56 N.E. 29th Street on a 1.5 acre property.
‘Millionaire’s Tax’ Heads to New York While Bankers, and Big Earners Head Out
High tax rates are common within the city of New York and it has never really steered bankers, fund managers, and big earners away from ‘The Big Apple.’ In fact, the appeal to live in New York has always been the exclusivity of living there if you could afford it. But with a recent New York state budget agreement that plans to raise rates among certain high earners, there are some that are looking to move and settle south.
According to a Reuters article, a high level employee at a large bank who does not want to be identified stated, “I’m already looking for an apartment in Florida.” There has also been talk among others who are earning more than $1 million are considering moving their entire firms out of the city.
The breakdown of the legislation would have the top New York City earners paying an upwards of 15.73% in combined state and city taxes. To put it in perspective, the current tax rate for the state range from 4% to 8.82% and the city ranges are 3.08% to 3.88%
This legislation was named the “millionaire’s tax,” and is expected to increase taxes for earners who make more than $1 million a year. If implemented, this tax would beat California’s (highest in the country) tax rate.
Larger companies have already started moving staff out of New York. Some of note are Goldman Sachs Group, Inc, Virtu Financial Inc, and Elliot Management. A smaller hedge fund manager stated, “This creates an overwhelming incentive to move.”
Geoffrey Weinstein, a tax attorney for Cole Schotz stated that, “When wealthy people don’t like something, they don’t protest, they just leave.” If this is the case, then the tax will eventually fall on earners making less that $1 million.
With more people working remote due to the pandemic, places like Florida that have lower tax rates, lower real estate taxes, and are fully opened are becoming an ideal location for top earners. And we at Miami Condo Investments welcome them with open arms!
First Treehouse Hotel will Open in Miami’s Brickell District in 2025
The Treehouse Brickell Hotel will be the first United States location as part of the SH Hotels & Resorts expansion. This 191-room, 62-floor, mixed-use hotel will be located at 1 Southside Park in the Brickell neighborhood.
According to the South Florida Business Journal, SH Hotels & Resorts is a subsidiary of Miami Beach-based Starwood Capital Group, led by Chairman and CEO Barry Sternlicht. SH Hotels & Resorts also operated the 1 Hotels brand, including 1 Hotel South Beach. There is currently one other Treehouse Hotel, located in London.
In a statement from SFBJ, Sternlicht said, “Brickell is the perfect place for a Treehouse. Like its London counterpart, Treehouse Brickell will be as much a destination for travelers as a local hangout, and will introduce a new kind of thoughtful, fun and imaginative hospitality experience to the area.”
This new hotel will be part of the 1 Southside development at 105-1133 S.W. Second Avenue, in Miami totaling 2.5 million square feet and rise 62 stories. This development will also include 1,175 apartments, 190,000 square feet of office space, and 11,000 square feet of restaurants.
Developer: JDS Development Group
Architects: SHoP Architects and ODP Architecture and Design
Landscaping Designer: James Corner Field Operations
Interior Designer: New York-based Rockwell Group
Michael Stern, founder and CEO of JDS Development Group states that “Barry continually raises the bar for exceptional experiences in hospitality, and our location at 1 Southside Park will provide the perfect environment to welcome Treehouse to Brickell … and celebrate the hotel’s first U.S. location.” Construction has begun and is expected to be completed by 2025.
Welcome to an Exclusive Townhome at The Crimson in Miami
Live an extraordinary life of luxury in the privacy of this gorgeous 2 story townhouse located at The Crimson in Edgewater. Upon entering this lavish unit, guests are greeted with a remarkable open concept featuring 16.5-foot-high ceilings in the 2-story living room, an abundance of natural lighting with floor to ceiling windows, and updated finishes throughout.
This unit is 1 of 4 townhomes in The Crimson with direct street access. This property features 1 bedroom and 1.5 bathroom with 1,149 interior square feet.
The living room with expansive floor to ceiling windows brings in an abundance of natural lighting opening to the beautifully updated kitchen. The kitchen features Bosch stainless steel appliances, wood cabinetry, and updated lighting.
The master bedroom provides natural lighting as well as privacy making it a true retreat! The bathrooms are updated with wood vanities and plenty of storage space. Access to a front load washer and dryer is conveniently located on the main floor.
Buidling Amenities:
C- Club
8th floor pool deck
Landscaped promenade sundeck
Hot tub
Outdoor/indoor mini-theatre
Cyber café,
Lounge,
Business Centre
State-of- the-art gym
Spa
Enjoy the convenience condo living offers without the long elevator waiting times! Includes 1 assigned parking space. The Crimson is 7 minutes from the Miami Design District, 15 minutes from South Beach, and 18 minutes from the Miami International Airport.
If you or someone you know have an interest in purchasing this townhome, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 or click here for more information.
6 Time Grammy Award Winner, Shakira is Selling Her $16 Million Home in Miami
The Colombian singer and songwriter Shakira, previously listed her 9,125 square foot home in 2018 in Miami for $11.6 million. Just 3 years later, she has gone back on the market at a list price of $15.9 million. With Miami’s hot real estate market and limited residential inventory, it is no surprise that she would increase her list price.
This gorgeous oceanfront mansion on 0.5 acres with 6 bedrooms and 7.5 bathrooms sits just off of North Bay Road Drive. Built in 1951, it has been extensively renovated with the help of architects Ben Lopez & Associates.
The expansive pool and cabana overlooks 100 feet of water access to Miami Beach’s Biscayne Bay.
The interior features Venetian plastered walls and silver finishes throughout. The interior designer of this remarkable home is Renata Lessa Bastos, owner of Trace Design Studio in Miami. With its’ minimalist and modern design, this gorgeous home is truly one of a kind.
The kitchen features a wall of double ovens and a large wine fridge. Expansive seating makes this space perfect for entertaining.
The large master bathroom boasts double sinks, jacuzzi tub, and natural lighting making it the perfect retreat!
Other celebrities that have lived on this road include: Jennifer Lopez, Michael Bay, Ricky Martin, and Alex Rodriguez.
For more information on this property or other properties, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Legacy Hotel & Residences Miami is Set to Break Ground in Spring 2021
Developer Royal Palm just closed on the soon to be Legacy Miami condominium site with a $34 million price tag. This site, located within the 27 acre of the new Miami World Center, will be home to the Legacy Miami Hotel & Residences. This project is expected to be 39 stories, 255 hotel rooms, and 279 residences.
Minutes away Brickell, South Beach, Wynwood, and Design District; Legacy will truly be in the heart of downtown Miami. The ground breaking for this project is expected to begin as early as Spring 2021.
Unit Amenities:
FULLY FURNISHED RESIDENCES
CUSTOM KITCHEN AND BATH CABINETRY WITH STONE FINISHES
BOSCH ELECTRIC STOVETOP / MICROWAVE / REFRIGERATOR
ELECTROLUX WASHER AND DRYER
FLOOR-TO-CEILING GLASS WINDOWS
Common Area Amenities and Building Features:
Hotel Areas
SPECTACULAR 40 FT. HIGH LOBBY WITH GLASS ELEVATORS
SIGNATURE INTERNATIONAL RESTAURANT
FULL-SERVICE CAFÉ
INTERNATIONAL BUSINESS LOUNGE
GRAND BALLROOM AND EVENT SPACES
SHUL WITH KOSHER KITCHEN
ONE ACRE POOL DECK (9TH FLOOR)
LARGEST DOWNTOWN HOTEL POOL DECK
MULTIPLE WATER FEATURES
SIGNATURE RESTAURANT
BAR AND LOUNGE
LUXURIOUS DECK FURNITURE
LUSH LANDSCAPING
PLUSH CABANAS
Rooftop Atrium and Event Space
DECADENT LOUNGE
GARDENS
FULL SERVICE BAR INDOOR AND OUTDOOR
INFINITY-EDGE, SINGAPORE INSPIRED POOL 500-FEET IN THE AIR
ROOFTOP SUNDECK WITH ENDLESS DOWNTOWN VIEWS
PLENTIFUL EVENT SPACE
Center for Health and Performance
50,000 SQ FT MEDICAL CLINIC WITH SUITES FOR HEALTH AND PERFORMANCE DIAGNOSTICS
VIP HEALTH CLUB WITH OPERATING ROOMS AND PRIVATE VIP ENTRANCE
There are no current rental restrictions for this tower and there are payment plans available. For more information on this property or other properties, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Miami Welcomes Natiivo as the Up and Coming Urban Luxury Home-Sharing Residences
Mixing hotel luxuries with all the amenities a condominium has to offer, Natiivo Miami was then born. Designed and curated by the firm, Urban Robot, they have created a one-of-a-kind luxurious and sophisticated atmosphere perfect for downtown Miami.
Natiivo is the newest and first Condo/Hospitality residential tower located in the heart of downtown Miami with close proximity to the Miami World Center, Frost Museum of Science, Miami Airlines Arena, and Adrienne Arsht Center for Performing Arts. This development is projected to be a 51-story condominium with views of the city as well as Biscayne Bay.
Designed for home sharing, Natiivo Miami offers its owners the ability to rent out their condos as short-term or long-term rentals. The most important factor is that the owner can choose to manage their own rental, hire their own management company, or hire Natiivo Miami to manage the unit.
Units are finished and fully furnished with 16 types of available floor plans ranging from studio apartments to three-bedroom suites. Square footage ranges from 492 to 1,633 square feet with available options of downtown views, Biscayne Bay views, balcony, and/or interior.
Not only are there multiple options available for residences and guests but the building itself offers 3 floors with 70’000 square feet of curated amenities.
Natiivo Miami ‘The Work on 8th’ features 10,000 square feet of co-working space with an amphitheater presentation area.
Work Amenities:
Co-working spaces
Private offices
Flexible office arrangements
Video-capable conference rooms
Quiet rooms
Phone booths
Cutting-edge technology and connectivity
Office host
Coffee and juice bar
Amphitheater
Meeting/presentation rooms
The ‘Social on 9th’ offers 24,000 square feet of food, beverage, and entertainment offerings with a range of local and international options.
Social Amenities:
Specialty restaurant and bar
Dining terrace
Social area with full-service cafe and cocktail bar
Drink and dine lounge areas
Media lounge
Live show and events lounge
The porch
Speakeasy
DJ and live performances
Programmed events
The ‘Splash on 9th’ boats 16,000 square foot of poolside bliss featuring a resort-style pool and cabanas.
Splash Amenities:
Sun deck
Poolside beverage and food service
Native tropical landscaping
Cabana bar
Pool towel services
‘The Fit on 10th’ features 16,000 square feet of health and fitness options.
Fit Amenities:
Juice bar
Yoga and pilates studio
Boxing ring with punching bags
Peloton equipment
Weight station
Cross-training/Crossfit
Spa/treatment rooms
Sauna/steam rooms
Locker rooms
Outdoor terrace/training
The Fit Boutique
The construction has started but once the development is complete, Natiivo Miami will be one of the 25 tallest buildings in Miami. If you or someone you know has an interest in purchasing a Natiivo Miami Unit, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
