300 Biscayne Boulevard Way's 66-story lighthouse project in Downtown has been dubbed Aston Martin Tower, bringing yet another high-end car brand to Miami real estate. The project is located at the mouth of the Miami river and will feature 390 units which will start at $2 million, equating to prices which will exceed $1,000 SF. Sales will begin in November with a sales center opening in March 2017. The developers plan to break ground by the summer of 2017 and delivery in 2021. The lot was sold for $125 million to the Coto family of Argentina and G and G Business Development, with Aston Martin Tower as the first of several planned projects. The lot sale was record setting for one acre in Miami.
300 Biscayne Boulevard Way Set for 70-Story Iconic Lighthouse Condo Tower
The last prime, undeveloped lot in Downtown Miami's river walk at 300 Biscayne Boulevard Way is set to get receive a 70-story, 817-foot residential tower complete with an iconic lighthouse on top. The lot is the former site of Epic East, and next to the current Epic Hotel. It is also known as Miami's most expensive acre which was purchased last year for $125 million for the 1.25 acre lot. Riverwalk East Development Group, LLC. along with Revuelta Architecture submitted the plan to the Miami River Commission's Urban Infill & Greenways Subcommittee in March 2016. The sail shaped tower will house 384 luxury residential units, spa and pool deck on floors 53 to 55, private elevators, 70th-floor lighthouse. To obtain approval Riverwalk East Development Group, LLC> must commit to several changes to the Riverwalk including widening the walking pathway, better connect One Miami to Epic and Biscayne Boulevard Way and use the $2 million public benefits fund for projects in the impacted Miami River District. Should these upgrades get completed Downtown Miami is in for another iconic shape up as it grows towards the city of the future.