Wednesday, August 26, 2015

Prospective Developer Could Build Up to 60 Story Tower Across Brickell City Center

 
Brickell Development Site For Sale at $32.8M 
 A corner lot directly across from Brickell City Centre has been put up for sale, and its listing agent says the property has already brought in attention from international hotel brands. The property, at 90 Southwest Eighth Street, measures just under half an acre and is currently occupied by a three-story building that was constructed in the 1970s. What makes the lot attractive, and fitting of a $32.8 million asking price, is its zoning, since the property falls under T6-48B-O zoning in the city of Miami. That means a prospective developer could build up to a 60-story tower with 1,000 hotel rooms per acre or 500 residential units per acre. The property has been on the market for about three weeks, and since then there has been interest from national and international hotel brands. Their interest is fed by the site’s walking distance from Brickell City Centre’s shopping center with the possibility of erecting signage that would be visible from I-95.  A company titled 90 SW 8th Street Enterprises owns the property, which it bought for $750,000 in in 1993, according to Miami-Dade County property records. -* The Real Deal
Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
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Saturday, August 22, 2015

Elysee Edgewater

Skinny Condo Tower Preconstruction Prices at Elysee Average $750 Sqf
The Biscayne Beach Developers are launching a similar luxury Condo in Edgewater. Elysee Residences will be a 100-unit, 57-story waterfront development at 700 Northeast 23rd Street. South Florida-based Two Roads Development, a company affiliated with Eastview Development, will break ground on the project during the first quarter of 2016, developers told TRD. “As downtown Miami continues to emerge as a true 24/7 community, East Edgewater is growing more and more vibrant,” Reid Boren, partner at Two Roads Development, said in a statement. “Today’s buyers have access to a host of luxuries and amenities that simply didn’t exist in the last cycle – from world-class arts and cultural destinations to some of the best shops and restaurants in Miami.” Units will range from three to five bedrooms, duplexes and full-floor penthouses, and from 2,660 square feet to 4,000 square feet. Preconstruction prices start at $1.65 million and go up to more than $10 million, according to a press release. Cervera Real Estate is the exclusive sales and marketing firm for Elysee. Arquitectonica founder and Miami architect Bernardo Fort-Brescia and French interior designer Jean-Louis Deniot are designing the project, which will reportedly be the tallest in East Edgewater. Elysee joins a number of new developments set to transform the area. In July, Spider Ventures developers launched a 27-story, 56-unit tower at 522 Northeast 34th Street. And in May, Melo Group completed the 38-story, 165-unit Bay House on the 600 block of Northeast 27 Street just east of Biscayne Boulevard. In Edgewater, two towers with more than 260 units have been completed this cycle, according to data from CraneSpotters.com. An additional six towers with 1,460 units were under construction as of May. The residences at Elysee will include smart home technology, Italian kitchens and bathrooms and private elevators. The seventh floor amenity deck will include a 75-foot resort-style pool, an outdoor kitchen and grill, gym and yoga studio, spa and blow-dry bar, the developers said. The 30th floor amenity deck will include wraparound views, a great room, dining room, chef’s kitchen and table, library, theater, lounge and wine room. It’s slated for completion during the second quarter of 2018. * The Real Deal

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com
  

Tuesday, August 11, 2015

Miami Condos Selling in 57 Days

Miami Condos Selling at 94.1% of Original List Price
Miami single-family homes and condominiums continue to sell close to asking price, reflecting a strong consumer demand. The median number of days on the market for single-family homes remained unchanged year over year at 47 days. The average percent of original list price received was 95 percent, an increase of 0.7 percent from a year earlier.
The median number of days on the market for condominiums sold in May 2015 was 57 days, an increase of 7.5 percent from 53 days in May 2014. The average percent of original list price received was 94.1 percent, a 0.2 percent decrease.
Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com

Wednesday, August 5, 2015

2Q 2015 Brickell Real Estate Market Summary

2Q 2015 Brickell Market Behavior
Price indicators increased as number of sales slipped. As of today, Brickell continues to be a Buyer’s market because of that unprecedented influx of new units. Prices are up but the resale condos are definitely taking a hit due to all the pre-construction units on the market. Here is the summary chart of the 2Q 2015 Brickell Market behavior published by Douglas Elliman.
Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com