Douglas Elliman and JDS Development hosted an in-depth panel discussion on July 26 exploring both developing and selling Monad Terrace as well as reviewing Miami Beach's current real estate market. The panel gave listeners insight from industry titans Jay Parker, CEO of Douglas Elliman Florida and Michael Stern, founder and Managing Partner of JDS Development. The discussion was led by Lena Katz, a writer at Forbes and was hosted in the sales gallery at Monad Terrace. Parker and Stern explored the strength of the Miami Beach luxury real estate market and how there has been steady demand and still rising prices. The duo also discussed how the location of Monad Terrace allows residents to enjoy Miami Beach as a walking city, not needing to wait in heavy traffic during high times such as Art Basel and Miami Music Week. Stern also credited Jean Nouvel for the unique design of the building and how the highly amenitized project has had steady sales under the watchful eye of Douglas Elliman Development Marketing.
Residences at Monad Terrace range from two- to five-bedrooms and 1,453SF to 5,350 SF of interior space. Features include private elevator access, custom kitchens and bathrooms by Jean Nouvel and sprawling outdoor terraces. The building offers a true indoor-outdoor living experience, featuring climbing gardens and reflecting pools that complement the property’s central lagoon and ocean views.
Construction on the project is well underway and is expected to be completed in fall 2019. The project's design, which was designed in collaboration with the Miami based Kobi Karp fuses environmental responsibility with innovative climate resilience features into the architecture, starting by elevating the building 11.5', well over Miami Beach standards.The tower is expected to go vertical in Spring 2018 and estimated to be completed in Fall 2019. Sales and marketing for Monad Terrace is managed exclusively by Douglas Elliman Development Marketing.