Two Roads Development has secured $16.5 million in initial construction draw from Mosaic Real Estate Credit, LLC. (MREC) for the development of Elysee Miami after announcing they would break ground this fall (2017).
Read More1900 Biscayne Boulevard Sold For $18.4 Million Derailing Kobi Karp-Designed Project
The 1-acre development site at 1900 Biscayne Boulevard has been sold for $18.4 million, essentially derailing the 36-story, 429 unit, Kobi Karp designed residential project that had previously been approved for the site.
Read MoreGreystone Development's 2500 Biscayne in Edgewater Officially Launches Leasing
Greystone development and Alta Developers has officially launched leasing at 2500 Biscayne in Edgewater. The residential apartment rental project, which was designed by Behar Font & Partners with RJ Heisenbottle Architects, rises 19-stories and features 156 residences which will become available for move-in this fall.
Read MoreMiami Marlins' Star Giancarlo Stanton Tours His Under-Construction Penthouse At Melo Group's Aria on the Bay
Miami Marlins superstar Giancarlo Stanton toured his newly-purchased penthouse at Aria on the Bay, a 53-story luxury condominium tower under development by Melo Group now racing towards completion in Downtown Miami’s Edgewater waterfront. Stanton was taken on a private tour of the penthouse by Carlos and Martin Melo of the Melo Group, as well as his interior design team as they planned the unit’s finishing touches in advance of its completion early next year.
Read MoreVladislav Doronin's OKO Group Announces Groundbreaking of Missoni Baia in Edgewater
OKO Group, the Miami-based development company founded by real estate magnate and prolific international developer, Vladislav Doronin, has announced the groundbreaking of its 57-story luxury condominium tower Missoni Baia. The 649-foot-tall tower, represents the first of OKO Group’s four Miami projects as well as their first residential development.
Read MoreTwo Roads Development Celebrates With Top Brokers by Awarding Commission Checks In-Advance of Ground Breaking
On Wednesday, August 30th, Two Roads Development, the developers of Elysee Miami, awarded nearly $400,000 in commission checks to the project’s top-selling brokers in advance of its highly-anticipated groundbreaking this coming fall (2017). The check presentation took place at a special cocktail event at Elysee’s sales gallery on Biscayne Boulevard. Notable guests included Two Roads Development’s Reid Boren and Taylor Collins, as well as members of Cervera Real Estate’s executive leadership team including Alicia Cervera Sr., Veronica Cervera Goeske, Alicia Cervera Lamadrid, Jesse Ottley and Ali Lamadrid. Set to rise along Biscayne Bay at 788 NE 23rd Street in Miami’s East Edgewater neighborhood, the 57-story waterfront tower will feature 100 half-floor and full-floor residences priced from $1.5 million to $14 million. Cervera Real Estate are the exclusive sales team for Elysee.
NR Investment's CANVAS in the Arts + Entertainment District Unveils New Renderings of Rooftop Lounge & Ground Floor Retail
NR Investment's newly topped off 37-story residential condo project CANVAS in the Arts + Entertainment District has released new renderings its 4,500 SF rooftop lounge. In total, CANVAS has 14,500 SF or retail space with 10,000 SF or ground floor retail. The asking price is around $40 SF triple net and leasing is being overseen by Alex Acker and Frank Rodriguez Melo of Cedano Realty Advisors. CANVAS is expected to be completed for occupancy in March 2018.
Construction Update: CANVAS Tops off In Miami's Arts + Entertainment District
CANVAS Condominium from NR Investments has topped off their 37 story residential tower in Miami’s burgeoning Arts + Entertainment District (A+E). The announcement was made August 10, 2017 in tandem with general contractor Stiles Construction and the project’s exclusive broker, Fortune International Realty. Prices for the remaining inventory ranges from $345K to $654K, with sizes encompassing 620 SF to 1,110 SF. With CANVAS being Fannie Mae approved, prospective buyers are able to capitalize on reduced deposit requirements and other benefits of the program, furthering access to millennials and first-time buyers. The sleek, contemporary tower with ocean, bay, sunset and Miami skyline views. In a nod to the surrounding local influence including Wynwood, one of the newly unveiled hallmarks of the tower will be a massive, collaborative installation involving 22 globally renowned street artists and yielding more than 200 original works of art for the building’s residential corridors and common areas. CANVAS is expected to be delivered to residents next spring (2018) after the project originally broker ground in February 2016.
CANVAS is located at 1630 N.E. 1st Avenue, in the heart of of Arts + Entertainment District. Developer NR Investments and its principals are the founders of the Arts + Entertainment District, an enclave flanked by Wynwood, Edgewater and downtown Miami. At CANVAS, amenities include sunrise and sunset pool decks, a serene indoor/outdoor yoga garden, a state-of-the-art gym, a glass-enclosed racquetball court, Zen spa/sauna treatment rooms, and a multimedia screening and theater facility.
“Buyers have been flocking to this project from across the globe,” said Ron Gottesmann, Principal of NR Investments. “We know this neighborhood presents a great deal of appeal among those looking for a central location in a neighborhood being fueled by the arts – one that puts residents within walking distance of area landmarks and top entertainment venues. For those seeking a second home or primary residence, CANVAS represents the opportunity to be at the epicenter of everything Miami has to offer.”
“What we’ve built in the Arts + Entertainment District has been transformative…and CANVAS is a direct reflection of that,” said Nir Shoshani, Principal, NR Investments. “Overall, this is an important moment for the city as it is another example of the strong interest among buyers to live in the urban core of Miami and take advantage of its art-infused offerings.”
Enjoy the Top-Off Video Below:
Photos & Video Via Golden Dusk Photography
Amara at Paraiso Unveiled, Michael Schwartz' New Edgewater Restaurant in Edgwater's Paraiso District
Amara at Paraiso has finally been unveiled by Michael Schwartz as their new concept in Edgewater at Related Group's new Paraiso district. Amara at Paraiso will feature bayfront dining with cuisine that is an ode to Michael Schwartz's "love letter to Miami" with a menu featuring tropical items from their wood grill and Josper charcoal grill oven with influence from coastal and Latin American cuisine including meats, fish, and grilled flatbreads. Amara at Paraiso will open in November 2017 in the 4,500 SF Paraiso Beach Club and will feature a main dining room and bar with seating for 150 and patio seating for 70 directly on Biscayne Bay. The Paraiso Beach Club is being designed by Mayer Davis Studio and is located at 3101 NE 7th Avenue.
Missoni Baia Releases Redesigned Floor Plans Based Off of Buyer Feedback
Russian real estate magnate and property developer, Vladislav Doronin, of OKO Group, the developers behind Edgewater's Missoni Baia, has released redesigned their floorplans that they tailored based off of buyer feedback. After tapping Fortune International Group in the spring (2017) to take over sales of Missoni Baia following a successful pre-sales campaign, the Missoni Baia sales team has been busy hosting events in the Hamptons and south of the border in Colombia, Chile, and Argentina while they gear up for a September groundbreaking. The project is the first to be branded by the Italian fashion house. Missoni’s home collection and signature design palettes will be used throughout the building’s public spaces and amenities. Asymptote Architecture and Revuelta Architecture will design the project, along with landscaping by Swiss architect Enzo Enea and interiors by Paris Forino Design.
“Domestic and foreign buyers looking to purchase second or third homes in Miami, their primary residence is generally a larger home so when they come on vacation they still want the high level of quality, services, and amenities that the Missoni Baia brand offers but prefer to have a smaller size residents to simplify their overall vacation experience. The introduction of the smaller floorplans has proven to be successful with our recent sales,” said Jim Cohen, Senior Vice President of Development Sales, Fortune International Group.
Take a deeper look inside Missoni Baia at our project PROFILE and enjoy the newly released floorplans below.
