December 03, 2013
Construction has started on Glass Miami Beach. The luxury condos will be located at 120 Ocean Drive in Miami Beach’s prestigious South-of-Fifth neighborhood.
Developed by the Terra Group, Glass will rise 18 stories and contain only 10 full-floor condominiums. Seven residences, including a lavish 3-story penthouse, were sold preconstruction. The remaining 3 units are priced starting at 8 million dollars.
Buyers will have the opportunity to work directly with renowned architect Rene Gonzalez to customize the interiors of their exclusive condos. Glass Miami Beach will be completed in early 2015.
For more information on Glass condominiums, contact Niki Higgins at 1-888-242-4422.
Source: The Real Deal
December 02, 2013
Miami is currently enjoying a new condo boom driven by overseas investors wanting to place their money in American real estate. Almost all of the vacant condominiums from the last boom are occupied, and demand is greater than supply.
However, this boom is different from the last. Instead of relying on easy bank loans, international demand has led to cash financing. Buyers are putting down at least 50 percent on new construction in Miami, which means a substantial amount of money would be lost if the deal was abandoned. Developers are also relying on buyers’ deposits to fund construction.
The luxury condo market is especially active. A large percentage of these new construction buyers are foreign. They view real estate investments in Miami to be safer than leaving their cash in unpredictable areas. They are also drawn to the city’s cosmopolitan atmosphere and art. Many of the new exclusive condominium developments have attracted high-profile architects, such as Zaha Hadid at downtown’s One Thousand Museum.
For more information on luxury condos in Miami, contact Niki Higgins at 1-888-242-4422.
Source: The Wall Street Journal
(Pictured: One Thousand Museum)
November 27, 2013
Demolition has started at the Surf Club Miami Beach. Located on 8 acres of pristine oceanfront property in Surfside, the new Surf Club is set to include a condominium/hotel development designed by renowned architects Richard Meier and Kobi Karp.
The Surf Club Hotel and Residences will consist of two 12-story towers and a boutique 5-star hotel. The 150 luxury oceanfront condos will feature floor-to-ceiling glass, spacious terraces and open floor plans. The Surf Club will also include 13 Richard Meier-designed beachfront penthouses.
For more information on the Surf Club and other new construction in Miami, contact Niki Higgins at 1-888-242-4422.
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 22, 2013
The Miami real estate market continued its upward march in the third quarter of 2013. Sales and the median price of homes and condos rose by double digits, as strong demand continued.
In Miami-Dade County, 8,027 homes and condos sold during the third quarter of 2013. This marked a 21.2 percent increase in home sales and an 8.7 percent increase in condo sales, compared to the same period in 2012. There was an impressive 67.7 percent increase in sales of homes priced between 600,000 dollars and 999,999 dollars.
For more information on luxury real estate in South Florida, contact Niki Higgins at 1-888-242-4422.
Source: South Florida Business Journal
November 19, 2013
Home starts increased in Broward and Palm Beach counties in the third quarter of this year. New figures show that builders commenced construction on more single-family homes, townhomes and duplexes from July to September this year, compared to the same period a year earlier.
In Palm Beach County, construction on 530 homes began in the third quarter, up 4 percent from the third quarter of 2012. In Broward County, construction commenced on 308 homes, a 25 percent increase. The new construction in South Florida comes despite a shortage of available lots, especially in Broward County.
Nationally, builders are stating that demand for new homes has lessened. However, the pace of construction has remained steady in South Florida.
For more information on Broward and Palm Beach real estate, contact Niki Higgins at 1-888-242-4422.
Source: Sun Sentinel
November 08, 2013
More information on the Armani House by Cesar Pelli has emerged. The new condo development in Sunny Isles Beach is planned for a 4.9-acre oceanfront lot near 190th Street and Collins Avenue. The project will include two 55-story towers, with a total of 500 luxury condos.
Designed by renowned architect Cesar Pelli, the exclusive Armani House condos will contain 2 to 4 bedrooms and 1,550 to 3,200 square feet of living space. Prices will range from 800 dollars to 1,400 dollars per square foot, putting the beachfront residences at 1.2 to 4.5 million dollars.
Armani is the latest brand to be connected to a residential project in Sunny Isles Beach. Other notable brands include Porsche Design at the Porsche Design Tower Miami and Fendi Casa at the Mansions at Acqualina.
For more information on luxury condos in Sunny Isles Beach, contact Niki Higgins at 1-888-242-4422.
Source: South Florida Business Journal
(Pictured: Mansions at Acqualina)
October 30, 2013
Dezer Properties and The Related Group are planning to develop a new condo tower in Sunny Isles Beach. The Armani Residences by Cesar Pelli is planned for an oceanfront lot at 190th Street and Collins Avenue in Sunny Isles.
An unnamed source stated that the condos in the Armani Residences will range in size from 2 to 4 bedrooms and start at 1.4 million dollars. Cesar Pelli is one of the world’s foremost architects. He designed the Petronas Towers in Malaysia, which were the tallest buildings in the world when they were first built. In Miami, Pelli designed the Adrienne Arsht Center for the Performing Arts.
Dezer is currently working on the Porsche Design Tower in Sunny Isles Beach. Set for completion in 2016, the innovative building has already attracted 22 billionaire buyers. In the past, Dezer and Related have developed together under the Trump Brand, including the Trump Towers Sunny Isles Beach.
For more information on new condo construction in Miami, contact Niki Higgins at 1-888-242-4422.
Source: South Florida Business Journal
(Pictured: Porsche Design Tower Miami)
October 29, 2013
Marea is set to break ground this week in Miami Beach’s prestigious South-of-Fifth neighborhood. The luxury boutique condo development is located across from the Apogee South Beach and is set to include 30 exclusive condos, including 4 penthouse residences.
Designed by Sieger Suarez, Marea South Beach features a rooftop pool deck landscaped by Enzo Enea, commissioned art installations and VIP beach access. The 1-4 bedroom luxury condos are located in a prime location near the restaurants of South Pointe and the Miami Beach Marina. Marea also offers views of Biscayne Bay and Fisher Island.
Three other new construction projects are also under construction near Marea. 321 Ocean, One Ocean and Glass Miami Beach all broke ground this year. One Ocean and Marea are both Related Group projects.
For more information on Marea and other condos in Miami Beach, contact Niki Higgins at 1-888-242-4422.
October 25, 2013
Marina Palms Yacht Club and Residences will soon launch sales for its second tower. Located in North Miami Beach, the luxury development will be Miami’s first new yacht club and condo project in 20 years.
Marina Palms will include two 25-story towers with a total of 468 waterfront residences and a full-service, 112-slip marina for yachts up to 90 feet in length. Due to a better view corridor, condos in the second tower will average 550 dollars per square foot, while condominiums in the first tower average 450 dollars per square foot. Condos in the second tower overlook the marina and Intracoastal Waterway, and condos in the first tower overlook the marina and parking lot.
The first tower in Marina Palms broke ground last month and is scheduled for completion in 2015. The second tower will be completed in 2016. For more information on Marina Palms Yacht Club and other waterfront condos in Miami, contact Niki Higgins at 1-888-242-4422.
Source: The Real Deal
October 04, 2013
Miami is seeing an influx of new condo developments. These new luxury projects boast state-of-the-art amenities, breathtaking views and innovative design by world-renowned architects. A handful of these new condo projects broke ground over the past few weeks:
Site work at Glass Miami Beach has begun. The 18-story luxury tower is set to rise in Miami Beach’s prestigious South-of-Fifth neighborhood. Glass will contain 10 ultra-exclusive condos, with full-floor layouts, spacious balconies and floor-to-ceiling glass. The innovative, contemporary tower was designed to highlight the natural elements of Miami Beach. Glass South Beach will be completed in late 2014 or early 2015.
Also in the South-of-Fifth neighborhood, 321 Ocean broke ground on October 1. The oceanfront development will feature 2 buildings, separated by a professionally landscaped courtyard. 321 Ocean will be comprised of 21 exclusive condos. The lavish development is scheduled for a 2015 completion.
A bit further north in Miami Beach, construction on Peloro also commenced. The 7-story, striking building sits on Biscayne Bay. Peloro will offer 115 luxury condos, an 18-slip marina and views of Biscayne Bay and Miami skyline.
Lastly, construction is now underway at Marina Palms Yacht Club and Residences. Located in Aventura, Marina Palms is the first new luxury condo and yacht club project in Miami in 2 decades. The development will feature 2 towers, with a total of 468 condominiums, and a 112-slip, full-service marina. Marina Palms has a scheduled completion date of fall 2015.
For more information on new construction in Miami, contact Niki Higgins at +1-888-242-4422.
September 11, 2013
For real estate developers in Miami’s ultra-luxury market, lavish amenities and exceptional services are required if they wish to attract super wealthy homebuyers. In the current market, developers can no longer just build a luxury condo tower; they have to provide services and amenities to make their project standout from others.
Mega-rich buyers gravitate towards turnkey residences, where the minutiae of daily living are provided. To cater to this clientele, developers are offering white-glove services. They are also providing the technology to access these services from anywhere in the world.
Extravagant amenities are similarly becoming commonplace in new exclusive buildings. The Porsche Design Tower Miami will include “auto elevators” to transport cars to private “sky garages” attached to individual condos. Zaha Hadid’s One Thousand Museum in downtown Miami will feature a rooftop helipad and a system to scent the building. One Ocean Miami Beach will have a professionally curated art collection.
So far, the developers’ plans seem to be working. This year, the number of properties selling for over 5 million dollars has increased over 24 percent. The number of 10 million dollar plus properties has increased 50 percent. As Miami developers continue to embrace the ultra-high-end lifestyle, homes are selling faster and new construction is thriving.
Source: Miami Today News