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Investors are continuing to recognize the growing value of Miami New Construction properties as buyers flock to one of the latest waterfront condominiums to hit the market.
Elysee Miami, at 700 N.E. 23rd St. in the Edgewater neighborhood, has been quietly selling some of its units in the 57-floor tower expected to begin Miami construction in April.
According to an article in The Real Deal, developers say sales are already showing the great promise for luxury condominiums in this part of the city. From the report:
So far, “whisper campaign” pre-sales for Elysee have been better than expected, Boren told TRD, declining to provide figures. Nearby, the developers’ Biscayne Beach, a 52-story, 399-unit tower on the bay on Northeast 30th Street, is now 98 percent sold, he said.
This New Miami Construction is up to the 34th floor, and completion is expected at the end of 2016. The developers purchased Elysee’s waterfront site for $22 million, through a staged closing which will be completed next month. A four-story apartment building on the site is expected to be demolished in January 2016, Collin said, and construction is slated to begin in March or April 2016.
Elysee Miami New Construction Homes is bound to be one of the most recognizable skyscrapers in the city’s skyline because of its height and its unique form — a “skinny” glass spire on the northern Biscayne shore. There will be a variety of floor plans, ranging in price from mid-million to $10 million.
For the first time in the last ten years, Miami’s Wynwood Arts District has seized the chance to own a newly modern condominium. The Miami construction and completion of 250 Wynwood makes it one of the most celebrated innovative neighborhoods not only for the Miami real estate business, but also in the entire United States.
This boutique live/work Miami apartment is located close to Panther Coffee, the town square of the area, and the building has eleven exquisite units. Every unit in 250 Wynwood building will be equipped with ceilings measuring 10 feet high, along with huge private balconies, large open living spaces, as well as full-size windows from floor to ceiling.
The architect, Laith Sayigh, designed 250 Wynwood and is based in New York City. His exceptional experience perfectly blended with Miami preconstruction procedures. 250 Wynwood integrates site-specific artwork selected by Anthony Spinello, an Art Basel exhibitor and Miami gallerist Phenom.
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