Official Groundbreaking Date Set for E11EVEN Hotel & Residences

The long-awaited date for E11EVEN Hotel & Residences groundbreaking is finally set and we can’t be more excited. On November 11, 2021, construction will begin on the 65-story tower located in the Park West District in Miami.

One of the developers, PMG, posted on their social media accounts the big news along with the tower being 98% sold. This is of no surprise as E11EVEN is considered one of the fastest-selling condominium projects in the last decade. In February when sales were first announced, the units were at 80% sold.

PMG also announced in early June that they were also accepting cryptocurrency for the units. We are unsure of the total number of units that were purchased with the digital currency.

Construction plans were officially submitted on Wednesday, October 13, 2021. The plans include the demolition permit for site clearing and those are now under review. There is currently no pending or submitted construction permit.

The demolition contractor is listed as John Moriarty & Associated. The developer includes Property Markets Group (PMG) and E11EVEN Partners. Sieger Suarez Architects is responsible for the tower design. Interiors will be curated by AvroKO Hospitality Group.

The residences are fully finished and fully furnished starting at $300,000 and the floor plans consist of studio to 2 bedrooms. There is also a limited Penthouse Collection and 2 Presidential Suites.

Building Features

• E11EVEN® app for concierge services and building amenities
• Common areas featuring museum-quality curated fine art and installations
• Limited Penthouse Collection and two Presidential Suites
• Views of the Miami skyline, Biscayne Bay and the Atlantic Ocean
• Club E11EVEN® Bar & Lounge
• 5-Star gourmet food hall
• Casino-Style Sports Lounge
• Chopra Spa & Studio mind & body experiences featuring a state-of-the-art fitness center, meditation, yoga, and customized treatment services
• 20,000 Square-foot, ultra-modern multi-level E11EVEN® Day Club and pool sits above 11 stories, overseeing the stunning Miami skyline
• E11EVEN’s® rooftop experience is a unique 24/11 poolside venue featuring its own signature dining experience
• E11EVEN® Beach Club
• Complimentary 24-hour valet

Residence Features

• 9’6 – 10’ floor-to-ceiling windows varies by floor with stunning Miami skyline and Biscayne Bay views
• Smart home technology experience. Includes integrated audio, video, and lighting systems
• Contemporary lighting package
• All residences include LED (or water-based) fireplace in every living room
• Fully built-out closets in the master bedrooms
• Washer and dryer
• French balconies in select residences
• Pre-wired for high-speed communications, multiple telephone lines, and cable
• All residences include a signature Home Essentials Package: silverware, glassware, linens, sheets, towels
• 11 Resident Membership Package featuring an exclusive beach club, day pool, and ultra club access
• Kitchens with custom countertops and backsplashes
• Imported and custom kitchen and bathroom cabinetry by Italkraft
• Subzero and Wolf appliance package includes microwave, dishwasher, convection oven, and refrigerator
• Waterworks bathroom fixtures, features & accessories
• Frameless glass-enclosed showers

If you or someone you know have an interest in purchasing one of the units at E11EVEN Hotel & Residences, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.

You Can Now Buy Two Arte Surfside Condos for 560 Bitcoin

Bitcoin has become one of the ultimate currencies in Miami. Now more than ever, consumers are able to utilize crypto for food purchases, nightclubs, and real estate. Arte Surfside completely revolutionized the real estate market by being one of the first developments in Miami to begin accepting Bitcoin for their luxury condos.

The developers for Arte Surfside currently have two luxury units for sale for a combined price of $31 million or 560 bitcoin. According to the developers, Alex Sapir and Giovanni Fasciano have stated that offers can be made in either bitcoin or ethereum.

According to Sapir, “We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions for the condominiums at Arte. Real-world crypto transactions haven’t made their way fully into the mainstream yet, so it’s clear that top holders around the world pay attention when new opportunities to transact open up.”

One of the crypto units at Arte is listed at $18.95 million and features 6,982 square feet of living space. The second unit is listed at $11.9 million and is around 3,500 square feet. These incredible units boast oceanfront views, wraparound terraces, large walk-in closets, and high-tech entry access.

Building amenities include an indoor and outdoor swimming pool, full-size tennis court, state-of-the-art gym, yoga studio, sauna, catering kitchen, and white-glove butlers.

Arte Surfside Amenities:

• A 75-foot indoor swimming pool
• An outdoor swimming pool, sundeck, and poolside cabanas
• Rooftop tennis court
• State-of-the-art fitness center and yoga studio
• Sauna and steam room
• Tranquil meditation pond
• Children’s playroom
• Residents’ lounge with billiards and catering kitchen
• Temperature-controlled parking spaces

Arte Residence Features:

• Expansive terraces clad in travertine with ipe decking
• Gracious kitchens featuring Poliform cabinetry, Italian marble countertops, and Gaggenau appliances
• Sweeping views of the Atlantic Ocean

In June, a penthouse in Arte sold for a record-breaking $22.5 million in crypto. The type of cryptocurrency for this sale was not released. With more developers jumping on the crypto train, we can expect in the future that digital currency will eventually play a larger role in the real estate market and potentially affect how we make offers for our buyers and negotiate for our sellers.

Modera Biscayne Bay Construction Nears Completion with Resident Occupancy Beginning in August 2021

Modera Biscayne Bay in Edgewater is a 28 story tower that has neared completion. Construction originally began in 2019 but was delayed due to the pandemic. The tower topped off construction in May and began pre-leasing shortly after.

According to the developer, Modera has leased 45% of its units within the first month of pre-leasing. Starting in August, the new residents can begin to move in.

Rising 28 stories, Modera Biscayne Bay is located at 2150 N. Bayshore Drive in Edgewater. Modera is set at a prime location near shopping, dining, and entertainment. According to Mill Creek Residential, the project will include a new walking connection from Bayshore Drive to 22nd Street underneath Modera.

Mill Creek Residential is the developer for this project and Corwil Architects is responsible for the design.

The mixed-use tower features 296 apartments, 11,000 square feet of retail space, and an 8-story parking garage with 425 spaces.

Building Amenities:

• ROOFTOP HOTEL-INSPIRED POOL
• 27TH FLOOR BAY VIEW OUTDOOR TERRACE
• CLUBROOM WITH DEMONSTRATION KITCHEN, GAME AREA, PRIVATE LIVING AND DINING AREAS FOR ENTERTAINING, AND SEPARATE CATERING KITCHEN
• CLUB-QUALITY FITNESS CENTERYOGA/PILATES STUDIO WITH VIRTUAL FITNESS CLASSES ON DEMAND
• UNOBSTRUCTED VIEWS OF THE OCEAN IN THE LOUNGE
• OUTDOOR GRILLING AREA
• INTERNET LOUNGE AND PRIVATE OFFICES
• CONFERENCE ROOM
• GOURMET COFFEE BAR
• 24-HOUR SELF-SERVICE PACKAGE LOCKERS
• ADDITIONAL STORAGE
• BIKE STORAGE
• PARKING GARAGE
• PET SPA

Residence Features

• 1-, AND 2- AND 3-BEDROOM APARTMENT HOMES (DEN AND PENTHOUSE ALSO AVAILABLE)
• QUARTZ COUNTERS WITH TILE BACKSPLASHES IN THE KITCHEN
• STAINLESS STEEL ENERGY STAR APPLIANCES
• TILE FLOORING
• FULL-SIZE WASHER AND DRYERKEY FOB ENTRY SYSTEM
• BAY VIEW BALCONIES
• WIFI PROGRAMMABLE THERMOSTATS
• WALK-IN CLOSETS WITH MASTER CLOSET LUXE UPGRADES
• WINE STORAGE
• BUILT-IN SHELVING AND DESK AREAS
• MOVABLE ISLANDS
• 15-FOOT CEILINGS
• DOUBLE VANITIES

For more information on Modera Biscayne Bay or any other towers in Edgewater, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.

Renderings and Site Plan Released for Downtown Miami’s Newest Tower The District

Renderings, floor plans, and site plans have recently been released for Miami newest 37-story condominium tower called The District. In April, The Related Group and Parcel C LLC’s proposed and received approval for the project.

This tower is in pre-construction and is proposed to include 347 residential condos with 2,297 square feet of retail space. This project will not have any parking but the developer is requesting an off-site parking waiver.

Rising 393 plus feet tall, The District will be located at 233 N Miami Avenue in downtown Miami. The floor plans will be fully finished and furnished ranging from 446 square feet to 874 square feet with studio to 2 bedroom options.

Building Information

• Developer: Related Group and ROVR 
• Architect: Sieger Suarez Architects 
• Interior Designer: Meshberg Group 

Residence Amenities  

• Smart home technology
• Includes integrated audio, video window treatment and lighting systems
• All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
• Fully built-out closets in all residences
• Built in top-of-the-line in-unit washer and dryer
• Flooring selections included with specifications recommended by Meshberg Design
• Pre-wired for high-speed communications and data connection
• Kitchens feature custom Italian cabinetry curated by Meshberg Design
• Smeg appliance package includes integrated paneled microwave, dishwasher, built-in convection oven and refrigerator/ freezer

Building Amenities

• Rooftop Amenity Deck : Expansive resort-style rooftop amenity deck with plunge swim spa, fire pit, summer kitchen, and gorgeous views of Downtown Miami and Biscayne Bay. 
• Basketball & Racquetball Courts :Full-height indoor basketball court and regulation-size racquetball court and Rock climbing wall.
• Co-working Space :Co-working floor with multiple seating options, high-speed Internet, private meeting rooms, conference room and a full-service kitchen.
• Fitness Center :State-of-the-art fully equipped fitness center including a private yoga/spinning room with virtual trainer and men’s/women’s sauna/ sauna and locker rooms. 
• Museum-quality Art :Double-height lobby featuring professionally curated museum-quality art.
• Monitoring Services :24/7 security services and controlled property access.
• The District App :Customized password-protected app for home/away smart-home management.
• Parking :24/7 valet services and self parking.
• Dining :On-site café servicing the residences and recreation areas.
• Electric bikes with charging stations are available for residents on the go. 
• Housekeeping  :On-demand full housekeeping services available at your convenience.
• Climatized receiving  and storage room
• Resort Style pool deck with lounge and recreation room

Unit Distribution

Deposits

• 10% down with executed contract
• 10% 60 days after executed contract
• 10% at groundbreaking (scheduled end 2021)
• 10% at top off (schedule 3^rd quarter of 2022)
• 60% at closing (scheduled 2^nd quarter 2023)

Multiple waivers have been approved on April 9, 2021 but the construction permits have not been filed. Some of paperwork also includes transitioning some units in hotel room. The ground breaking is scheduled for the end of 2021 with estimated completion date of 2023.