May 27, 2014
Faena House Miami Beach has topped off at 18 stories. All 47 luxury condos at the oceanfront development are under contract, including a lavish duplex penthouse originally listed for 50-million dollars.
Faena House broke ground in January 2013. The ultra-exclusive condo building was designed by renowned architect Norman Foster. Faena House is part of the larger Faena District project in Miami Beach.
Faena House is scheduled for completion later this year. For more information on luxury condos for sale in Miami Beach, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
April 25, 2014
A duplex penthouse at Faena House with an asking price of 50-million dollars has gone under contract for an undisclosed amount. The sale is expected to set the record for the most expensive condo sale in Miami Beach. The current record was set in 2013 by a 27-million-dollar sale at The Setai.
The Faena House penthouse contains 8,273 square feet of interior living space and almost 10,000 square feet of private terraces. The lavish penthouse contains 5 bedrooms, a 70-foot-long rooftop pool and panoramic ocean views.
According to the developer, all 47 units at Faena are now under contract. The luxury oceanfront building is scheduled for completion later this year. For more information on new construction in Miami Beach, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Wall Street Journal
December 11, 2013
Last weekend’s Art Basel Miami Beach drew a prominent local and international crowd. With many of the world’s most affluent art collectors in town, real estate developers seized the opportunity to showcase some of their latest ultra-exclusive residential projects.
Douglas Elliman presented their penthouse collection. Oceanfront penthouses in the impressive portfolio include lavish residences at the Faena House and Miami Beach Edition. The Faena House penthouse features 8,000 square feet of interior living space and a 10,000-square-foot rooftop terrace.
One Thousand Museum and Oceana Bal Harbour were also featured at Art Basel. Pritzker Prize-winning architect Zaha Hadid is already well respected in the art world, and her new development in Miami, One Thousand Museum, is viewed as a work of art in itself. Oceana Bal Harbour will include two Jeff Koons sculptures in a 5-story, ocean-view breezeway.
For more information on new condos in Miami, contact Niki Higgins at 1-888-242-4422.
Source: New York Post
November 25, 2013
Throughout South Florida, developers are attaching valuable art to their residential projects as a way to attract wealthy homebuyers to exclusive condominium developments. Driven by the success of Art Basel Miami Beach, developers are teaming up with renowned architects and art curators to appeal to art-savvy buyers.
South Florida buyers, especially Brazilians, Italians and Russians, find art an important aspect of real estate. For developers, art adds value to new projects. Mixing fine art and real estate is adding to the allure of Miami, which has steadily risen in international appeal among foreign investors looking to purchase real estate.
At Oceana Bal Harbour, two 10-foot Jeff Koons sculptures will adorn a massive breezeway at the luxury oceanfront building. Art will also play a vital role at Alan Faena’s Faena House and District. The Faena District is even set to include an arts center.
Developers are also recruiting "starchitects" to design high-end condo buildings. Zaha Hadid is currently working on One Thousand Museum in downtown Miami, and Herzog & de Meuron is designing Jade Signature in Sunny Isles Beach. Cultured buyers and art enthusiasts appreciate the distinctive features famed architects bring to their buildings, such as One Thousand Museum’s exoskeleton.
For more information on new condo developments in Miami, contact Niki Higgins at 1-888-242-4422.
Source: Miami Herald
(Pictured: Oceana Bal Harbour)
November 12, 2013
Now that the South Florida real estate market is bouncing back, homebuyers are actively buying and builders are once again building. Today’s buyers know what they want, and they are willing to spend the money. Amenities that were once regarded as pricey accessories are now becoming common home features.
Home automation is increasing in popularity. Through this smart building technology, homeowners are able to control temperature, dim lights and close blinds remotely. Similarly, high-tech security systems allow owners to monitor their homes from anywhere in the world.
Condo developers are constantly taking luxuries, amenities and services to the next level. Luxury condo buildings routinely offer concierge and maid service. Some exclusive residences, such as the Faena House penthouse, also offer summer kitchens and pools on private terraces.
For more information on luxury condos and homes in South Florida, contact Niki Higgins at 1-888-242-4422.
Source: Sun Sentinel
(Pictured: Faena House)
April 19, 2013
As overseas buyers continue to purchase second homes in the United States, developers are increasingly customizing their projects to appeal to the global audience. In 2012, international buyers purchased 82.5 billion dollars’ worth of residential real estate in the U.S., up from 53.4 billion dollars in 2010. With no slowdown in sight, developers are finding ways to tailor the interiors of residential units to suit the tastes of buyers from different countries.
In Florida, 26% of 2012 home sales went to foreign buyers. In Miami, overseas buyers accounted for an impressive 60% of residential sales in the same year. Due to the large South American-influence, Miami developers and designers are focused on creating modern interiors and balconies large enough to accommodate extended families.
At Vizcayne in Downtown Miami, marketers created different model units decorated by interior designers from 5 different countries. Before the models were created, 653 of the 849 residences were unsold. Today, only 150 units remain. According to the marketing team, the project was all about making subtle changes to appeal to different foreign buyers.
At Faena House, new construction in Miami Beach with luxury condos priced from 2.3 million dollars to 50 million dollars, developers are referring to the units’ sprawling balconies as “aleros”, a Spanish word for patio. Also, because security is less of a concern in Miami, many Brazilians often purchase and keep their luxury cars stateside. As a result, many of the newer and proposed residential buildings offer elaborate private garages and services, such as auto elevators and a “car concierge” at the Porsche Design Tower in Sunny Isles Beach.
Source: The Wall Street Journal
February 07, 2013
Alan Faena, a prominent Argentinean hotelier and real estate developer, has made it his mission to revolutionize South Miami’s beachfront. His starting point is the Faena House Residences, a luxury oceanfront condominium building on Collins Avenue.
“I’m working on one of the best projects in all of the Americas,” Faena told Forbes Magazine, “we are creating a whole district,” he added.
Faena did the same for Buenos Aires neighborhood of Puerto Madero. He took a set of rundown buildings in the area and turned them into some of that city’s most expensive and lavish hotels and condominiums.
His plans for Miami include a five block district that will include a magnificent condominium tower, a theatre, cultural center and parking garage. Celebrity architect Rem Koolhaus is joining the project and will create a structure containing a hotel and ballroom, retail space, cultural and robotic garage. The Miami Beach project will also include a 300-person theatre, “intimate cabaret”, and a possible redesign of the beach boardwalk at the new Faena House site, according to Curbed Miami. The private neighborhood will be referred to as Faena District.
The Faena House is at the center of this new cosmopolitan district and is planned to be on the same scale as The Setai, The Continuum and Apogee. This luxury oceanfront condo building will consist of 19 stories and 62,000 square feet of residential space as well as three full-floor Penthouses (with private elevators). Each condo will be fully furnished with one to five bedrooms, and all the fixtures and appliances will be selected by the architects. The luxury residences will include a wraparound terrace, and the square footage will range from 1,307 to 4,307. Each oceanfront condo will have a custom-designed floor-to-ceiling window wall system. Sales for the Faena House started this week and the building broke ground just last month.
Source: Forbes Magazine