One Thousand Museum Groundbreaking Ceremony Set for Art Basel

One Thousand Museum Site

The groundbreaking ceremony for One Thousand Museum by Zaha Hadid is scheduled to be held in December during the week of Art Basel (December 4-7, 2014), according to Gregg Covin, Managing Director of 1000 Biscayne Tower, LLC, the developers of One Thousand Museum.  According to Mr. Covin, the exact date and time will be announced at a later date, but he did confirm that the One Thousand Museum groundbreaking ceremony will be hosted by Zaha Hadid herself.

One Thousand Museum Site

1000 Biscayne Tower, LLC closed on the purchase of the site for the One Thousand Museum condo development back in August.  The developers began site preparations today.

While photographing the site today, I spoke to Mr. Covin, and he confirmed that the underground gas storage tanks at the BP gas station were replaced 2 years ago and are now being removed as part of the site preparation.  Because of this recent tank replacement, the chance of extensive soil remediation seems to be very slim leaving no reason at this time to believe that groundbreaking would not begin in December.

Mr. Covin also confirmed that the two most recent sales at One Thousand Museum were over $1,500 per square foot.  This is a great sign for future values in the Downtown Miami area. In fact, the past 6 months of sales data in the surrounding buildings including Marina Blue, 900 Biscayne Bay, Ten Museum Park and Marquis Residences shows that the average sales price per square foot is $501.65. One Thousand Museum trading at approximately three times the area average is proof that the project is in a luxury league of its own!

Downtown Miami Condo Sales Data – Past 6 Months

One Thousand Museum is soon to be the most luxurious condo development in Downtown Miami.  Spanning 62 stories high, the One Thousand Museum condo tower will consist of an exclusive collection of 83 condo residences with stunning views of the Miami skyline, Biscayne Bay, the Atlantic Ocean and Museum Park.  One Thousand Museum will offer unparalleled amenities including a resort-style pool, state-of-the-art fitness center, Aquatic Center, Sky Lounge, private movie theater, an ultra-exclusive rooftop helipad, Miami’s first private helipad on a residential condo tower, and much, much more.

One Thousand Museum Skyline

If you, or someone you know, would like more information on One Thousand Museum condos, any other condos in Downtown Miami or simply would like information on the Miami real estate market, please contact Michael Light of Miami Luxury Homes. You can reach me directly at my office at 305-350-9842, on my cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.