ARod Backed-Grand Station Apartment Tower is Complete and 80% Leased
Construction on Miami’s Grand Station Apartment tower has been completed. Alex Rodriguez and his partner Ricardo Vadio, owners of Rovr Development are the investors behind the $70 million construction project that was built on top of the existing Courthouse Center Garage.
Not only has ARod backed the construction of the project but his company Monument Real Estate Services is also the property Manager of Grand Station Apartments.
In early March 2020, partners for Grand Station obtained a $53 million loan from Saperian Capital to assist with the construction. Since Grand Station received their temporary certificate of occupancy in August, they have reached over 80% leased for the tower.
The tower located at 240 North Miami Avenue rises 30 stories and feature 300 units right in the heart of downtown. The development is a part of a public/private partnership with the Miami Parking Authority, which has assisted in adding an additional 350 spaces for the building totaling 1,200.
The tower features studio to 2 bedroom apartments with a monthly rent that ranges from $1,800 to $2,500. All units boast Italian kitchen cabinets, quartz counters, stainless steel appliances, and an in-unit washer and dryer.
The luxury tower amenities include an indoor pool, rooftop terrace with pool, outdoor kitchen, hot tubs, fitness center, and club room.
Zyscovich Architects and Anillo, Toledo, Lopez LLC are responsible for the design of Grand Station.
Rovr along with the Related Group and Airbnb are the masterminds behind the new development, The District located at 225 North Miami Avenue.
Waldorf Astoria Hotel & Residences Receives Official Approval for Demolition
The Waldorf Astoria Hotel & Residences Miami will rise 100 stories at 1,049 feet tall making it the “highest skyscraper south of Manhattan.” In June, the developers launched Waldorf Astoria’s official sales gallery located at 400 Biscayne Bay, right across from the construction site.
Waldorf Astoria has received official approval to begin clearing the site. According to the Miami Building Department, the demolition permit was submitted in early June 2021 and officially approved on August 4, 2021.
Clearing the actual 5,000 square foot site is estimated to cost around $30,000. The developer is working with The BG Group for demolition.
The developers include PMG with Sieger-Suarez Architects are the designers for the project. This tower will be truly one-of-a-kind with a unique design featuring 9 stacked glass cubes offsetting each other as they go vertical. Design interior created by BAMO design firm.
Waldorf Astoria Hotel & Residences will rise 1,049 feet tall and will feature 360 condos, 205 hotel rooms, and suites.
Tower Amenities:
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 Club
24-hour valet parking
Signature spa
Leading-edge fitness center with private training studios
Residential Amenities:
24-hour doormen and lobby desk attendants
Private porte cochère with 24-hour valet service and private residential entry
24-hour concierge services in addition to dedicated on-site professionals
Live-in resident manager and 24-hour security
Front-door package and service delivery via signature Concierge Closet
Owners Lounge with high ceilings
Billiard and entertainment room with panoramic bay views
Designed for private functions and equipped with adjacent catering kitchen
Private residential pool deck with whirlpools with lounging areas
Exclusive Waldorf Astoria Miami access and benefits, including preferred spa and restaurant rates and access to à la carte hotel services
Property Markets Group, Greybrook, and Hilton are also partnering on the project. The groundbreaking is still planned for the beginning of 2022.
PMG will be the First Developer to Accept Cryptocurrency on Pre-Construction Tower – E11EVEN Hotel & Residences
Following the wake of the Bitcoin 2021 Conference, cryptocurrency has made a name in Miami and continues to grow throughout the country. Adding to the long list of companies accepting cryptocurrency, you can now add PMG Development. PMG will be the first developer to accept cryptocurrency for deposits on pre-construction condos.
In April 2021, E11EVEN Miami nightclub began accepting crypto but now E11EVEN Hotel & Residences is the first major development that PMG is accepting the digital currency.
E11EVEN Hotel & Residences is a luxury high-rise in the Park West District of Miami, and is considered one of the fastest-selling condominium projects in the last decade. It has gained national and international attention with Candance Park of the WNBA, Sage Steele of ESPN, and Luke Rockhold a MMA fighter have expressing interest in the development.
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.
Construction Information
Co-developed by Property Markets Group (PMG) and E11EVEN Partners
Sieger Suarez Architects
Interiors curated by AvroKO Hospitality Group
Building Features
E11EVEN® app fore 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 Atlantic Ocean
Club E11EVEN® Bar & Lounge
5-Star gourmet food hall
Casino-Style Sports Lounge
Chopra Spa & Studio mind & body experiences featuring 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 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
This project will break ground later this year. If you or someone you know have interest in purchasing one of the units at E11EVEN Hotel & Residences, or any information on the cryptocurrency process, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
