Miami Condo Investments Celebrates its 15 Year Anniversary
On May 17th 2007, Lucas Lechuga launched one of the most successful condo websites in Miami. With just a desire to bring better user experience, real estate listings, and news, Lechuga has achieved just that and so much more!
Over the years, he was able to develop a way for users to search for their potential properties through alternative methods instead of the traditional zip code searches and he also found a way for consumers to access market statistics without ever having to make a call or enduring tedious research methods.
In 2017, for the 10 year anniversary of the website, the average users ranged from 40,000 unique visitors per month globally from 200 countries. Still pacing as the #1 Miami Condos Website, 2022 brings over 100,000 unique visitors per month globally just through Google.
Not only does Miami Condo Investments offer a unique real estate listing experience, but you can also enjoy new construction tower updates, real-time inventory data, condo ranking system, up-to-date condo tower photos, rentals, and a real estate blog posted daily.
We are also in the process of some new landing pages aiming to be even more user and mobile friendly, searching with specific criteria, and a new mobile app. We will update everyone once we get closer to a launch date.
As far as the team…During our last anniversary, our team included six agents and now our team is growing along with the website. We have reached 9 agents that assist buyers and sellers with all of their real estate needs. We also have 3 office admins, including assistants and marketing pros.
We are so grateful for all of the accomplishments that this website and our team has completed over the past 15 years and we can’t forget about our readers and clients. Thank you so much for allowing Miami Condo Investments to be your most knowledgable partner while navigating the real estate market. We look forward to serving you and Miami the next 15 years!
Sales for Waldorf Astoria Miami Hotel and Residences Reaches 84% Sold
Developers for the Waldorf Astoria Miami Hotel and Residences have just announced that sales have officially reached 84% prior to breaking ground on the construction site. This is of no surprise considering most the demand for new construction condos in Miami.
Sales were launched in March 2021, and they claim that the market has been so robust that 75 percent of the inventory has been sold in the first nine months.
The 100-story tower assembled to look like staggered glass boxes in downtown Miami is the result of a collaboration between PMG, Greybrook Realty Partners, and Hilton. Rising 1,048 feet tall, Waldorf Astoria Hotel and Residences Miami will be the tallest Miami tower and Miami’s first supertall skyscraper.
This luxury project will include 360 condo residences, 205-key hotel rooms operated by Waldorf Astoria.
Towe Amenities:
Private bar/wine tasting room
Signature restaurant
Meeting and boardrooms
All-day dining brasserie
Waldorf Astoria Kids Club
Peacock Alley
True Waldorf service and concierge
24-hour valet parking
Waldorf Astoria immersive resort-style pool with outdoor cafe and private cabanas
24-hour doormen and lobby desk attendants
Live-in resident manager and 24-hour security
24-hour concierge services as well as access to dedicated on-site professionals
Signature spa
A leading-edge fitness center with private training studios
Owners Lounge with high ceilings, billiard and entertainment room, and adjacent catering kitchen
Private residential pool deck with whirlpools and lounging areas
Frontdoor package and service delivery via signature Concierge Closet
Exclusive Waldorf Astoria Miami access and benefits, including preferred spa and restaurant rates and access to a la carte hotel services
Residence Features:
The latest “smart building” technology with a custom Waldorf Astoria Residences app linking residents to 24-hour concierge services and building amenities
10-foot-high ceilings with floor-to-ceiling windows sporting stunning views of the city, Biscayne Bay, Miami Beach, and the Atlantic Ocean
All residential interiors designed by award-winning interior design firm BAMO
A contemporary lighting package including recessed lighting, dimmers, and lighting control
Includes integrated audio, video, and lighting systems
Fully built-out closets in all residences curated by BAMO
Flooring selections included with specifications recommended by BAMO
Built-in top-of-the-line in-unit washer and dryer
Valet parking included
Pre-wired for high-speed communications and data connection
Sub-Zero and Wolf appliance package with wine storage and integrated paneled microwave, dishwasher, built-in convection oven, and refrigerator/freezer
Kitchens featuring custom Italian cabinetry curated by BAMO
Dornbracht and Duravit bathroom fixtures and accessories
Master bathrooms with rainfall showers and custom Italian vanities
The building was designed by Carlos Ott and Sieger Suarez Architects. The design will resemble nine large, staggered/stacked glass cubes. The interiors of Waldorf Astoria Residences Miami were designed by BAMO.
According to the developers, the ground-breaking is expected to be this summer. Residences start at $1 million and the tower is expected to be complete in 2025.
Triple Tower Development Proposed by Hyatt and Gencom on the Miami River
Hyatt and Gencom have recently formed a partnership with the goal to redevelop downtown Miami’s Hyatt Regency into a 3 tower development site located directly on the Miami River. This development is expected to enhance access in and out of the city, and revitalize a major section of Miami’s riverfront.
The proposal calls for a privately funded makeover that includes a reinvented Hyatt Regency hotel with over 1,500 residential apartments, meeting space, and open-air public space along the Miami River.
Three skyscrapers are planned for the site. 682 multifamily apartments, a 615-room Hyatt Regency with over 100,000 square feet of conference space, and 264 serviced apartments will be housed in Towers 1 and 2, which will rise 61 stories.
Tower three, which is expected to have 860 residential units, will be one of South Florida’s highest structures dubbing it a supertall tower. According to a spokesperson of the joint venture, the supertall tower would be 1,049 feet tall, which is the highest height allowed by Miami’s zoning standards.
The towers will be above a podium structure with 190,000 square feet of Class A conference space, which is a 50 percent increase over the James L. Knight Center’s current capacity.
Tower Proposal
1,806 apartments
20,000 sq. ft. of co-working space
615 rooms under the Hyatt Regency hotel brand
190,000 sq. ft. of meeting space
12,000 sq. ft. of food and beverage/retail space
Restaurant and lounge located in a skybridge linking the two shorter towers just 700 ft high
50,000+ sq. ft. of public space
1,100 parking spaces
Rebuilt riverwalk spanning 480 feet
Covered pedestrian bridge connection to Metromover’s Knight Center Station
Arquitectonica is listed as the architect. Construction on the Hyatt Regency Miami property is planned to begin in 2025 if voters approve the project in November 2022.
One Thousand Museum has Officially Sold Out
One Thousand Museum has hit so many milestones since its inception in 2014. Just in the first month of sales in 2016, the luxury tower reached $30 million sold which remember 2022 tower sales launches. Now, One Thousand Museum has officially sold, solidifying the legacy of the late Pritzker-winning architect Zaha Hadid.
One Thousand Museum, also known as the Scorpion Tower, is a monument to brilliance and creativity, Through the views and design of Dame Zaha Hadid, it is a powerful physical statement about the soul of Miami.
With views of Biscayne Bay, the Atlantic Ocean, and Miami Skyline; One Thousand Museum is only minutes from South Beach and the Brickell financial district. This contemporary tower rises 60 stories with 83 total units; 4 duplex townhouses, 70 half-floor units, 8 full floor penthouses and 1 double story/full floor penthouse.
Two lower level floors are dedicated to an indoor/outdoor wellness and spa, as well as the rooftop featuring the Aquatics Center and Sky Lounge.
Developed by Louis Birdman, Gregg Covin, Kevin Venger, and Regalia Group, One Thousand Museum is South Florida’s first residential complex with its own rooftop helipad, allowing residents to quickly travel to adjacent islands, private and commercial airports, and private boats.
One Thousand Museum Amenities
A spacious fitness center with state-of-the-art strength and cardio training equipment
Spa with private treatment rooms, steam and sauna rooms, plunge pools, and relaxation lounge
Multimedia theater for private movie screenings, lectures, and presentations
Sun & Swim Terrace with pools, lounge chairs, cabanas, and poolside towel service
Aquatic Center with indoor, infinity-edge pool
Private dining room
Triple-height event space overlooking Biscayne Bay
Private rooftop helipad
Specialized security and valet personnel
Full-service concierge
Bank-quality vault with individual safe deposit box for every residence
One Thousand Museum Residence Features
Custom Italian cabinetry by Poliform
Fine quartz countertops by Silestone
Induction cooktop, oven, steam oven, microwave, dishwasher, and integrated coffee maker by Gaggenau
Refrigerator by Sub-Zero
Faucets and fixtures by Dornbracht, Duravit, and MTI
Interior doors by Lualdi Porte with door handles designed by Zaha Hadid
Custom-designed, Italian-made walk-in closets
Extensive state-of-the-art home automation by Crestron, allowing residents to control a range of in-residence applications including lighting, heating, air conditioning, audio, video, window treatments, and security
Oversized terraces
East-to-west flow-through floor plans
Demand for condominiums in Miami has increased within the past year. Residential home shortages, as well as an increase in relocations, are driving factors for this demand. According to Business Insider; bankers, fund managers, and executives are now moving to Miami from New York at an alarming rate. Luxury home sales tripled in December 2020 compared to the previous year and the future for this market looks even better!
Formula 1 Weekend is Here and We Have All the Details
The inaugural Miami Grand Prix brings Formula One to Miami, Florida this weekend. It is the fifth event on the 23-race F1 schedule and the first of 2 Grand Prix’s in the United States for 2022.
Located at the Miami International Autodrome, 37 Don Shula Drive, Miami Gardens, which is also the location for Hard Rock Stadium. The track itself is a temporary circuit around Hard Rock Stadium and the track stretches 3.363 miles long. It features 19 corners and the anticipated average speed is around 139 mph.
Top Drivers and Teams for F1 Miami
Ferrari’s Charles LeClerc leads the global drivers’ championship with 86 points, ahead of Red Bull’s incumbent champion Max Verstappen (59) and Sergio Perez (59). (54).
Despite this disadvantage, Verstappen remains BetMGM’s favorite for pole position and grand prix victory, with +100 odds on both.
Ferrari also leads the constructors’ standings with 124 points, barely 11 points ahead of Red Bull and 47 points ahead of Mercedes, the seven-time defending champion.
Where to watch?
Free practice round 1: Friday, May 6, 2:25-3:30 p.m. (ET) (ESPN2, ESPN app)
Free practice round 2: Friday, May 6, 5:25-6:30 p.m. (ET) (ESPNEWS, ESPN3, ESPN app)
Free practice round 3: Saturday, May 7, 12:55-2 p.m. (ET) (ESPNEWS, ESPN3, ESPN app)
Qualifying round: Saturday, May 7, 3:55 – 5 p.m. (ET) (ESPN, ESPN app)
The race producers have built a “dock” with 10 yachts overlooking the circuit’s turns 6-7-8 complex, with the vessels on trailers surrounded by a raised solid vinyl finish imitating water.
After Parties
It’s Bleau Live and the official premiere of ‘Miami Race Nights,’ with renowned DJs Calvin Harris and David Guetta, among others, at Fontainebleau Miami. Tickets start at $250 and go up to $55,000 for tables!
CARBONE BEACH will fuse an incredible culinary experience with live entertainment. Each evening of the limited engagement will begin with an expertly curated cocktail hour, followed by a seated dinner prepared by Chef Mario Carbone. This spectacular dinner party will feature CARBONE’S classic dishes, served with the sense of theater and luxury synonymous with the restaurant’s dining experience since it opened. Weaved throughout the evening’s journey will be surprise performances and authentic Italian touches – for a once-in-a-lifetime experience, available for American Express® Card Members only.
This weekend at E11Even Miami, Snoop Dogg, Travis Scott, and Tiesto will be performing just in time for Formula 1. Concert and ticket packages are available.
Weather
The weekend temperature is expected to be around 88 degrees Fahrenheit, with less than a 30% chance of thunderstorms on Saturday and Sunday. This might result in some unexpected thermal tire deterioration, affecting teams’ pit strategy. Thunderstorms would clearly halt on-track activity for safety reasons, but if there is a deluge, the immediate on-track racing might become considerably more volatile.
Groundbreaking Scheduled for Aria Reserve Miami
The groundbreaking for the long-awaited Aria Reserve in Edgewater has finally been scheduled. With the announcement of the groundbreaking also comes the announcement of sales launching for the second tower.
Aria Reserve will rise 62 stories tall reaching 627 feet, making it the tallest dual waterfront residential development in the United States. The project will feature two towers, each with 390 units and 1,608 parking spaces.
Sales for Aria began in June 2021 for South Tower and since the launch, its sales have been very successful. According to the Melo Group, over $40 million of all 12 penthouses have sold within the first 90 days of the launch. Now more than 90% of the units have sold with a total sales of over $600 million.
Construction deposits include a 30% deposit for all U.S. buyers and a 40% deposit for all international buyers. According to the developer, more U.S. buyers have purchased penthouses but overall units, the buyers have been half from Latin America and the other US buyers.
Residential units begin at $750,000. Although sold out, the penthouses started at $12 million. Units will feature 1 to 4 bedroom floorplans with 1,100 to 2,600 square feet of options. The penthouses themselves range from 3,500 to 9,000 square feet with each of them featuring a 3-car garage.
Tower Amenities:
2-acre recreation deck
Lap pool and spa
Gaming center
Playground
Tennis courts
Basketball courts
Paddle courts
Miniature golf course
Wellness center
Gym
Meditation Garden
Residence Features
Unobstructed views of Biscayne Bay and Ocean
Finished residences with two flooring options
All residences include 2 high-speed elevators
All residences include an office/media room
All residences are sunrise-sunset flow-through from East to West
3-month seasonal rentals allowed up to 4 times per year
The Aria Reserve groundbreaking ceremony is set for May 16, 2022. If you or someone you know have an interest in purchasing at Aria Reserve, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
John Ruiz Plans to Build a University of Miami Stadium at Tropical Park in Miami-Dade
The University of Miami Hurricanes have been without a stadium since 2008 and have been traveling to the Hard Rock Stadium in Miami Gardens in Coral Gables for all of their home games. It’s been such a struggle for fans and students alike that a University of Miami alumni has taken it upon himself to remedy the situation.
John H. Ruiz, billionaire attorney and founder of MSP Recovery recently announced the plans to build a new stadium located at the Coral Gables High School. According to local officials, Ruiz did not consult with Miami-Dade County Public Schools or the City of Coral Gables on the plan.
Miami-Dade County Public Schools still owns the property where the proposed stadium would be built. Once his plans were denied, Ruiz then announced a new spot of the Miami Hurricane’s stadium, Tropical Park in Westchester. According to Ruiz, “It’s gonna be at 4 Tropical Park — there are about 270 acres there. The design is over the top, it’s gorgeous, I’ve seen it already a couple of times.”
The design for the stadium includes 65,000 seats with space for graduate-level classrooms and extreme water fixtures throughout the property. The architect behind the plans includes HKS Architects.
Tropical Park is publicly owned land by Miami-Dade County. Ruiz doesn’t appear concerned about speaking with Miami-Dade County, “We’re gonna present the plans to the county, but the county is less important in my opinion because it has to go out to a vote to the constituents as a referendum. Obviously, we’re going to talk to the commissioners and the mayor, but ultimately it goes out to a vote to the general public.”
This isn’t the first sports venture that Ruiz has been a part of. In 2011, he leased a 90-acre baseball development at the City of Homestead. The city later filed a lawsuit to evict him from the development 2 years later after he didn’t pay the utilities, insurance, and taxes on the property.
A private-sector attorney, Jose Sanchez-Gronlier stated that he didn’t want one of the last green areas in Miami-Dade County to be demolished for a stadium. It is unclear how residents and local representatives will respond to the new development. Ruiz will meet with the county to present the Tropical Park stadium idea to the county next week.
Miami’s Grand Prix Week is Here
Beginning May 3rd, Supercar Rooms Miami will be hosting the Miami GP Week, an action-packed week of everything cars celebrating the automotive industry and culture right before the Formula 1 big race. Located in the heart of Miami’s Wynwood at 2022 NW 1st Court, Supercar Rooms Miami is the world’s first member’s only art gallery dedicated to automotive visionaries and interactive experiences.
Elo, the British-born automobile genius, founded and established the company Supercar Rooms Miami. Elo began to amass his own car collection, a desire that developed from a childhood curiosity and admiration for motors. His collection developed to include a vehicle for every mood and occasion.
Elo has been a vehicle collector for over 30 years and is a true automotive aficionado. Presenting on DAVETV’s ‘Modern Wheels or Classic Steals,’ HISTORY UK’s ‘Ultimate Wheels,’ and MTV’s ‘Slips.’ Elo has established himself as a leader in the custom/classic automobile field.
Supercar Rooms Miami is home to one-of-a-kind masterpieces including the 1929 Rolls Royce Bootch, 1961 196 SP Ferrari antique racing car, 2007 Shelby Supercar Ultimate Aero TT vehicle number 1, 1958 450 S Maserati vintage racing car, and 1955 SL 300 Mercedes Gullwing, to mention a few.
Now that Formula 1 is coming to Miami, Supercar Rooms Miami is hosting Miami GP Week. Supercar Rooms Miami invites car aficionados to join them for an incredible week-long event filled with planned activations each day to commemorate the automotive culture that has a stronghold in South Florida.
In collaboration with headline sponsor, IWC Schaffhausen and Crypto sponsor Solana, E11EVEN Vodka, Exotics on Las Olas, and Sunreef Yachts, and
Supercar Room Miami’s Schedule:
May 3– Paddock Orientation Meal- An introduction dinner presented by Supercar Rooms Miami in which a special cuisine is developed and served as you network and enjoy the night among the car community. You will get all of the details and special events for GP Week.
May 4– IWC watchmaker private session- Enjoy lunch at an award-winning Michelin-starred restaurant in Miami’s Design District and be immersed in the world of IWC Schaffhausen. A private Watchmaking lesson will introduce you to the world of high-end Swiss accuracy and workmanship.
May 5- A parade of supercars will cruise down to the Florida Keys for a 60-mile journey. Enjoy a delicious summer lunch while being treated to an exclusive IWC reveal.
May 6– Checkered Flag- The official kick-off celebration for the Miami Grand Prix is preparation for one of Miami’s greatest races. Get ready for a night filled with supercars and the theme of the night is all-access, with special guests in attendance.
May 7– Formula One qualifying day at Hardrock Stadium-From 11:00 a.m. until 4:00 p.m.
May 7-The first-ever Fabio Lamborghini Lifestyle US Store on Lincoln Road celebrates its grand opening. The event will run from 2:00 to 4:00 p.m. This is a private, invitation-only event.
May 7-8– Fabio Lamborghini Miami GP Week Fanfest takes place on Lincoln Road in Miami Beach. 11:00 a.m. to 6:00 p.m. The fanfest is free and open to the public, and it commemorates Lamborghini’s F1 history, which dates back to 1991. Come view Lamborghini’s, both vintage and modern collections.
May 8– Holman Fanfest Experience: From 11 a.m. to 6 p.m., join the Holman family of dealerships next to their luxury flagship dealership in Sunrise, Broward for a day of food, family-friendly entertainment, and all the spectacular action from the racetrack.
May 8– Supercar Rooms on Race Day Miami has leased many suites at Hardrock Stadium, where its members will witness the inaugural Formula One race in Miami.
In addition, Supercar Rooms Miami will provide its members with Red Bull Beach grandstand access to the man-made beach as well as cabanas. This will be a fantastic experience since it will blend Formula 1 racing with a regular day on the beach in Miami.
Melo Group Tops Off on Downton 1st Tower
Downtown 1st, a 57-story mixed-use tower located in downtown Miami has officially topped off on construction just one year after its groundbreaking. Developed by the Melo Group, this tower is set to be the tallest that the developers have ever constructed.
According to Martin Melo, “After just a year from breaking ground, we are proud to top off. Downtown 1st is another project that showcases our compromise of enhancing Miami’s urban core and the continued activation of downtown Miami.”
Located at 30 SW 1st Street, Downtown 1st will spread over 743,073 square feet which will include 560 units (500,000 square of residential space), 12,930 square feet of office space, 2,925 square feet of ground floor retail and a 453 spot parking garage.
The units themselves will feature 1 to 3 bedroom layouts with penthouse options located on the top 2 floors of the tower. Units will range from 653 square feet to 1,200 square feet.
Amenities:
2 swimming pools
Landscape deck
Fitness center
Study rooms
Lounging areas
Spa
Completion of the tower is expected to be complete by the 4th quarter of 2022.
Melo has amassed a portfolio of over 6,000 condominium and apartment rental properties in the greater downtown Miami area since 2001. All construction and architecture are handled in-house by the fully integrated real estate development organization.
