$80 Million in Sales in the Last 60 Days at The Elser Hotel & Residences Miami

In the last 60 days, sales of $80 million have been completed at the 49-story luxury condominium building The Elser Hotel & Residences Miami, which is under construction nearby at 398 NE 5th St.

With 75% of purchases coming predominantly from Colombia, Mexico, and Chile, this enormous sales volume indicates the crucial return of Latin American investment in South Florida as well as the persistently strong demand for turnkey, new construction properties in the center of Downtown Miami.

The Elser Hotel and Residences are located in the same lively area and have the same sparkling views of Biscayne Bay that Elser Pier did in the early 1900s. Elser Pier's prime location in Miami's thriving downtown area contributed to its status as the city's top convention and entertainment hub.

Tourists and locals alike were drawn to the pier's variety of venues and waterfront views. The legacy and extraordinary success of Elser Pier altered the future outlook for the corridor and created the foundation for the bustling bayfront metropolis we know today.

The Elser Residences Miami is a development of carefully designed studio, one-, two-, and three-bedroom condos. Elser, located in Miami's most alluring area, Downtown Miami, will provide a vibrant and rich community fuelled by culture, glitz, and wellness. Find a wealth of amenities for living, working, and playing. Units will be available this summer for move-in.

Facts and Features

• 49-story tower located in Downtown Miami
• Developed by PMG and Greybrook Partners
• Designed by internationally renowned architecture firm Sieger Suarez Architects
• Approved for short-term rentals
• On-site hospitality management
• Views of the Miami skyline, unobstructed views of Biscayne Bay and the Atlantic Ocean
• Over 19,000 square foot double-height amenity deck overlooking Downtown Miami
• and Biscayne Bay
• 132-Foot Resort Style Pool with private lounge areas
• Two-Level Modern Gym & Fitness Studio
• Co-working Lab
• Valet Parking
• Electric Vehicle Charging Stations
• Latest Smart Building Technology

Only The Elser Hotel & Residences Miami would have a short-term rental program that was expertly run by a five-star operator among the current inventory in Miami. The structure would be open to unlimited day rentals.

Residences start at $600,000 or the equivalent in bitcoin, according to PMG Residential, the property's exclusive sales team.