Credit: Dees Stribling, BisNow
We’ve picked five sexy South Florida residential developments. Our criteria? They’re posh. They reach for the sky. They enable the glittery South Florida lifestyle known the world over.
Grove at Grand Bay
Address: 2675 S Bayshore Dr, Coconut Grove Developer: Terra Group Architect: Bjark Ingels Size: 22 stories, 98 units Progress: Sold out. Construction is scheduled to be completed by end of 2015. X Factor: “At Grove at Grand Bay in Coconut Grove, we reduced the development’s density—it’s zoned for 440 units—to create added value and better integrate the project within the Grove’s village-like atmosphere,” says Terra Group president David Martin, who will be speaking at Bisnow’s South Florida State of the Market on Sept. 22.
Ritz Carlton Residences, Miami Beach
Address: 4218 NE 2nd Avenue, Miami Beach Developer: 4701 North Meridian LLC (partnership between Lionheart Capital and Elliot Management Corp) Architect: Lissoni Associati, ADD Inc. Size: The Residences offers 15 single-family villas and 111 condos; more than 50% sold. Progress: Scheduled to be completed in 2016. X Factor: The first residential development to incorporate an art studio as an amenity. According to Lionheart Capital founding partner Ricardo Dunin, “Art is like therapy. Everyone needs an outlet.” We’re having a case study panel at our event about this project, including Ricardo, ADD Inc. senior principal Jon Cardello, and Plaza Construction president Brad Meltzer.
Developer: Fortune International Group Address: 16901 Collins Ave, Sunny Isles Beach Architect: Herzog & De Meuron Size: 57 stories, 192 residences Progress: Scheduled to be completed in 2017. X Factor: “Sky villas.” They’re six duplex units just below the two penthouses. Beginning at $13M, the 6,300 SF to 6,700 SF villas will take up four floors total, in two sets of three. Fortune International Group’s Edgardo Defortuna will be speaking at our South Florida State of the Market.
Address: 1001 S Miami Ave, Miami Developer: CMC Group, Capital Group Architect: Luis O. Revuelta Size: 64 floors, featuring 548 residences from 730 SF to 5,631 SF Progress: 50% sold (estimated); groundbreaking to begin by the end of 2015. X Factor: “Brickell Flatiron is where you can live without driving. The lifestyle is becoming very much like New York with the difference being that you can be at the beach in minutes,” says CMC Group CEO Ugo Colombo, who will also speak at our South Florida State of the Market.
Address: 950 NE 2nd Ave Developer: Miami WorldCenter Associates Architect: Elkus Manfredi Architects Size: Over 500 one-, two- and three-bedroom city and bay-view residences, with prices averaging $700/SF. Progress: About 40% of the building is sold, groundbreaking scheduled for this fall. X Factor: “There’s intensified demand for what the project offers—an emerging ‘city within a city,’” says OneWorld Properties CEO Peggy Fucci. “It willl breathe new life into downtown Miami,” says Miami Worldcenter Associates managing director Nitin Motwani. He will be one of our speakers at the South Florida State of the Market.