Aria on the Bay continues to rise on North Bayshore Drive in Edgewater. Aria is being developed by The Melo Group and is designed by Arquitectonica with a scheduled 2016 opening. Itwill be a 50 story tower with 647 residential units and 40,000 sq ft of retail, commercial and office space on the first few floors. Residences range in size from 815 sq ft to 2,365 sq ft with large outdoor balconies. Residences also have 9 foot glass floor to ceiling. Lines on the east side of the building will have private elevators. There will be breathtaking views of Biscayne Bay and Downtown Miami with easy access to Miami Beach via MaCarthur Causeway, Julia Tuttle Causeway, Venetian Causeway as well as close proximity to Wynwood, Downtown and Brickell. Pre-construction prices range from $380K to $1.5 million.
Bentley Edgewater to Become Part of Autograph Collection by Marriott
The proposed Bentley Edgewater project by the Quebec-based Heafey Group could receive Marriott branding as the developers work on the approval process and their plan's review by Miami's Urban Development Review Board later this month. Marriott aims to make the Bentley Edgewater part of their Autograph Collection of hotels. Bentley Edgewater will be a 32-story Hotel Condo Tower designed by Kobi Karp. It features 207 rooms and pricing started around $420K for a 1 bedroom an $3.4 million for a penthouse unit, averaging to around $650 SF. The building will also feature a 6th story amenity and pool deck, spa, 180 parking spaces, VIP lounge, restaurant and gym. Units will feature 18 fully furnished penthouse suites, 27 executive suites, floor-to-ceiling windows and the penthouse units will come with a two-year lease for a bentley. The Heafey Group also owns the Hilton in South Beach and buyers in Bentley Edgewater will have limited time Beach Club membership at the Bentley BeachClub located at Hilton Bentley South Beach on Ocean Drive. They purchased the land for $2.27 million in June 2015.
Spark Breaks Ground in Edgewater
Spider has broken ground on their Edgewater condo development Spark after sales reached 40% sold. The project will consist of 56-units over 27-stories and units will come delivered fully furnished. Units range in size from 955 SF to 1,800 SF and two 3-story penthouse units will be a 3,895 SF. All units will have floor to ceiling windows and have large balconies. Spark will be designed by architect Behar & Font. Prices started in the $500,000's. Spider paid $3.55 million for the land in 2015 before announcing the project. Spider is headed by Andres Goldenberg and Alejandro Eskenazi and also offers accounting, legal, and brokerage services. Spark is located at 522 NE 34th St., with easy access to Miami Beach and I-95 via 195 and walking distance to Design District and Midtown.
Biscayne Beach Upper Penthouse Sets Edgewater Record, Sells for $8.6 Million
The 2-story upper penthouse at Biscayne Beach has sold for a record $8.6 million as the most expensive condo sale in Edgewater. The 6 bedroom, 8 bathroom with a "Sky Terrace" with private pool includes a wine cellar, 12 to 14 foot ceilings and is nearing completion. The Next Miami is reporting that the buyers are Turkish, with roughly about 5% off all pre-construction inventory being snatched up by real estate investors looking to move their assets from Turkey to the United States amid political and economic uncertainty back home. Biscayne Beach is a 52 story residential tower by Eastview Development & GTIS Partners with architecture by WHLC. Construction started in the first quarter 2014 and is steadily cruising along with an expected completion date of late 2016. Units had originally started at $445K to about $7 million, but the developers were able to beat their own expectations as the building races towards delivery.
Biscayne Beach Construction Update
Biscayne Beach has topped off at 585 ft, the height approved by the FAA in 2015, as they cruise towards completion. The 52 story residential tower by Eastview Development & GTIS Partners with architecture by WHLC topped off officially on July 18. Construction started in the first quarter 2014 and is steadily cruising along with an expected completion date of late 2016.
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Biscayne Beach will feature 399 one to four bedroom units with den as well as penthouses with private rooftop garden terraces. Units are priced between $445,000 and $7 million at an average price per square foot of $600. All units have semi-private elevators and oversized balconies with all units coming with water views.
Biscayne Beach will also transform Edgewater into the beach. 335 linear feet of land will make up a man-made beach right on Biscayne Bay complete with a Beach Club and Beach Bar. There will be multiple pools including 6 private residents' pools, beach cabanas and lounge. The building will also have multiple tennis courts, fitness center, spa, and will feature fine dining and nightlife on the ground level. Biscayne Beach is sure to amp up the energy in Edgewater
Aria on The Bay Construction Update
Construction is flying at Aria on The Bay as it nears halfway completion. North Bayshore Drive in Edgewater is in for delivery of the new Aria On the Bay luxury residential high-rise development. Aria is being built by The Melo Group and is designed by Arquitectonica with a scheduled 2016 opening.
Aria on the Bay will be a 50 story tower with 647 residential units and 40,000 sq ft of retail, commercial and office space on the first few floors. Residences range in size from 815 sq ft to 2,365 sq ft with large outdoor balconies. Residences also have 9 foot glass floor to ceiling. Lines on the east side of the building will have private elevators. There will be breathtaking views of Biscayne Bay and Downtown Miami with easy access to Miami Beach via MaCarthur Causeway, Julia Tuttle Causeway, Venetian Causeway as well as close proximity to Wynwood, Downtown and Brickell. Pre-construction prices range from $380K to $1.5 million.
Missoni Baia
Coming soon to Edgewater is the exciting new Missoni Baia, the first residential development for the legendary fashion house. The 56-story building made news last week when renderings were released of the 649-foot condo tower, with waterfront luxury residence units starting at $1.6 million to $3.9 million. Missoni Baia will be developed by Vladislav Doronin's OKO Group with architecture by Asymptote and Revuelta and interiors by Paris Forino Design. Missoni's own Home Collection and Signature Design Palettes will be used throughout the buildings amenities and public spaces.
Residences come in 2, 3 and 4 bed with private terraces with dramatic views of Biscayne Bay. The building's amenities include flow- through deck with cabanas, hot and cold plunge pools, lap pool, children's pool, tennis courts, gym, spa and an Infinity Edge pool. Official pricing and timeline will be release soon.
Whats the deal with Resort World Miami?
The proposed Resorts World Miami development has caused quite a stir over the past few years in Downtown Miami. Ambitious plans matched with high-profile lawsuits has pushed the project into a state of mystery and question. Genting originally paid $236 Million in 2011 for the Miami Herald Site and demolished the existing building in 2014. Since then not much has been heard from the developers besides stalls and lawsuits.
The most recent news as to the project is that Resorts World Miami, the entity Genting operating under in Miami, has purchased the rights to build a 20-slip marina on the site from the Matheson Family. Additionally Resorts World Miami and Miami-Dade's Property Appraiser sued each other last year over property tax breaks that allowed the developer to save millions. Resorts World Miami then sued Miami-Dade to force the approval of slots and card games to the Omni Mall, which it also is the owning entity. Resorts World Miami was then sued by Prime Sites brokerage alleging that they are owned substantial commissions on the lease of the Boulevard Shops, currently under construction and located on Biscayne. A lease was signed and as per the contract Resorts World Miami received their 40-year certification on the aging development site, but failed to pay out commission s in regards to the executed leases. Resorts World Miami then signed a lease with their own subsidiary, Crystal Cruises, sparking further controversy. Only time will tell what the future holds for this amazing plot of land in between the MacArthur and Venetian Causeways.