THE WELL In Bay Harbor Celebrates Groundbreaking Posted on November 2, 2023 by Sarah Elles Boggs Tucked away in one of the most serene neighborhoods in Greater Miami and Miami Beach, THE WELL Bay Harbor is preparing to rise. Terra Group, in partnership with ‘THE WELL’, a complete health and wellness spa hailing from New York, has broken ground on their new comprehensive development in Bay Harbor Islands. This is no ordinary condominium development with a fancy spa. THE WELL is a private club that offers a complete and comprehensive selection of wellness-focused amenities that includes a full array of whole body care as well as both modern medicine and ancient healing. Rendering of THE WELL Bay Harbor Rooftop Cabanas | Image courtesy of Terra Group In Bay Harbor Islands, the wellness-focused club will incorporate private residences as well as LEED-certified office space just a stone’s throw from the Shops at Bal Harbour at 1177 Kane Concourse. The boutique development will offer 54 private residences in a location where residents can enjoy the walkability and serenity of the quiet enclave so close to the action of Miami Beach. Inside the residences, owners will find many wellness-focused features including meditation nooks, integrated yoga mats, and the primary bathrooms have therapeutic tubs and rain showers. The kitchens boast workstation sinks and faucets with an array of water options. The interiors are designed by New York’s Meyer Davis Studio with the natural landscape of Miami Beach in mind. Rendering of THE WELL Bay Harbor Islands ’04 Line Kitchen & Dining | Image courtesy of Terra Group Rendering of THE WELL Bay Harbor Islands ’04 Line Primary Bathroom | Image courtesy of Terra Group In the amenity areas, ‘THE WELL’ Bay Harbor will offer a full range of wellness experiences. This includes merging of Eastern and Western therapeutic experiences that center on complete holistic well-being. There will be the expected dedicated spots for pilates, meditation and yoga, but also thermal treatments, saunas, steam rooms, hamamm, and therapy rooms with diverse treatment offerings. On the rooftop there will be a feng shui-friendly circular heated pool as well as a lap pool. In the fitness area, a variety of fitness activities are arranged around floor-to-ceiling windows with sweeping views. The boardroom and serene reading room are optimized for productivity and creativity nestled in a comfortable and mentally calming environment. Rendering of THE WELL Bay Harbor Islands Rooftop Pool Deck | Image courtesy of Terra Group Rendering of THE WELL Bay Harbor Islands Sauna | Image courtesy of Terra Group Rendering of THE WELL Bay Harbor Islands Gym | Image courtesy of Terra Group Rendering of THE WELL Bay Harbor Islands Board Room | Image courtesy of Terra Group The exterior of the development has been designed by Miami-based juggernaut architect, Arquitectonica. In order to ensure it is in fact a complete development, 102,000 square feet of office space has also been incorporated into the project. The office spaces are fully customizable with a lobby, the office spaces as well as a rooftop area. On the rooftop, professionals will find meeting spaces, creativity zones, outdoor workspaces and other wellness-related amenities. Rendering of THE WELL Bay Harbor Islands Condos Prices start at $1.275 million up to $5.3 million with nearly half of the building already in contract. Closings are expected to begin in 2026. You may see more specifics about THE WELL Bay Harbor here, or via the downloads below. Douglas Elliman is the exclusive, in-house broker for the project. If you are interested in a private presentation, with specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: Michal Bobrowski and Luxhunters Productions The Well Bay Harbor Islands Groundbreaking Kane Sarhan David Mar THE WELL Bay Harbor Islands Condo Features 54 luxury residences that provide an optimal at-home wellness experience 1, 2, 3 and 4-bedroom open, light-filled layouts ranging in size from 924 – 3,291 SF Residences promote fluid energy flow throughout that encourage connection with nature Neutral engineered wood flooring Floor-to-ceiling windows Built-in air purification systems Aromatherapy in each residence Built-in red-light therapies to boost overall wellbeing and energy In-unit meditation corners with yoga mats and accessories Primary bedrooms boast finished walk-in closets Eat-in kitchens feature Kore™ workstation kitchen sinks, faucets with filtered cold and carbonated water options, Quartz countertops/backsplash, custom Italian cabinetry, chef’s islands, built-in wine refrigerators, Sub-Zero/Wolf appliances, Vitamix and air fryer accessories Primary bathrooms boast rain showers with dual pressure, affusion spa shower options to stimulate the lymphatic system, free-standing or built-in soaking tubs, compact skincare refrigerators for cosmetic and beauty cream storage, stone flooring/walls and custom Italian cabinetry Ample storage space throughout Most residences offer spacious private balconies THE WELL Bay Harbor Islands Building Features 9-story boutique building designed to put wellness at the center of your life Developed by Terra and designed by Arquitectonica with creative direction by Anda Andrei Design and interior design by Meyer Davis 22,000 square feet of amenities A space designed to promote complete balance in our daily lives Serene arrival lobby immersed in diffused natural light Holistic sense of serenity with subtle aromatherapy and restorative water feature Sustainably minded, Florida Green Building Design Certified Natural lighting optimized throughout Limited collection of residences allowing for authentic community engagement THE WELL Bay Harbor Islands Services & Amenities 24-hour security and valet parking In-home plant design and maintenance Local CSA delivery for fresh organic produce, fish and meats Energy-clearing ceremony of each new residence Toxin-free, organic cleaning services Wellness products curated by THE WELL Practitioners, designed to enrich your at-home wellness experiences and support your daily wellness rituals – from essential body oils and body care products, to diffusers, dry brushes and more Rooftop pool deck featuring a swimming pool, hot tub, cabanas, chaise lounges and a summer kitchen Membership to THE WELL Bay Harbor Islands, holistic wellness and fitness center offering an extensive menu of treatment and experiences for the mind, body and spirit (See below) Quiet reading room and tea lounge Dedicated board room to promote work life balance Kid’s programming and wellness activities Exclusive access to a private beach club Dedicated electric house car for local excursions THE WELL locker: latest collection of wellness tech, including Theragun, Therabeam, infrared blankets, lymph boots, Faceware Pro and others, for exclusivity by residents Dedicated collection of outdoor equipment exclusively for residents, including bicycles, paddle boards, tennis racquets, kayaks and more The Club at THE WELL Bay Harbor Islands THE WELL is your one-stop for wellness, integrating modern medicine and ancient healing, focusing on whole-person care Restorative purifying Bath House Rejuvenating saunarium, infused with radiating heat and low-level humidity to dry the body in preparation for your wellness treatment Miami’s first caldarium, a relaxing social wellness experience that supports respiratory, circulatory and immune health Halotherapy steam room to facilitate advanced detox, support the lymphatic organs and promote deep relaxation Energizing cold dip experience that widens the arteries, stimulates blood flow, accelerated recovery and boosts the metabolic system Vitality treatment rooms to boost skin health and radiance Daily fitness and movement classes throughout our Mindful Movement program Spacious private lockers and personal styling suites Fresh juice and organic snack bar IV vitamin therapy Infrared and sound dome combines the healing benefits of infrared heat with sound therapy to treat the body at a cellular level Full-service concierge services Calendar of events, lectures and experiences Weekly fresh juice and snack program Dedicated private indoor and outdoor classes Bi-annual health coaching session and annual whole-person health assessment to guide residents in creating personalized wellness plans Preferred pricing on treatments and services Exclusive benefits across all THE WELL locations globally Access to in-home services from massages to facials and health coaching and guided meditations Early access to booking and unlimited mindful movement classes THE WELL Bay Harbor Islands Downloads THE WELL Bay Harbor Islands Fact Sheet THE WELL Bay Harbor Islands Brochure THE WELL Bay Harbor Islands Floor Plans
Gale Hotel & Residences Announces New Downtown Miami Condo-Hotel Units Posted on September 19, 2023 by Sarah Elles Boggs Keith Menin along with Marisa Galbut, have unveiled a new 240-key location of their Gale Hotel Brand in Downtown Miami. The project is in conjunction with the sold-out Natiivo development that launched in 2019. Within the 240 units, 80 will be hotel rooms and 160 will be offered for sale as a much-needed condo-hotel option in the neighborhood. The Gale Hotel & Residences Within the 240 room hotel are 160 condo-hotel options that are for sale and 80 regular hotel rooms. They range in size from 410 square feet up to 910 square feet and the layouts offered are studios, 1-bedroom plans and 2-bedroom plans. The Gale Hotel & Residences in Downtown Miami will join its sister developments, The Gale Hotel Miami Beach at 1690 Collins Avenue as well as The Gale Residences Fort Lauderdale at 401 North Birch Road. Prices for The Gale Hotel & Residences Downtown Miami range from $400,000 – $1 million and they are expected to be ready for occupancy and rental in 2024. The tower was topped off in 2022. Rendering Of The Gale Hotel And Residences Downtown Miami Details on the tower The Natiivo tower, within which The Gale Hotel and Residences Downtown Miami will be located, is currently under construction at 601 Northeast 1st Avenue. The Natiivo portion of the development is home to 448 units that launched in 2019 and are now completely sold out. The 51-story tower will be home to over 70,000 square feet of wellness-focused amenities spread across three floors that the hotel, the condo-hotel and the condominium will share. To start, the amenities include a staffed pool area overlooking the Biscayne bay and Miami skyline with multiple full-service restaurants. There will be pool-side cabanas and multiple lounge areas. At the wellness center, guests and residents will find a state of the art gym and spa that includes indoor and outdoor yoga, a full hammam with steam and sauna, and treatment rooms. There will be a staffed juice bar for refreshment before or after your treatment. In addition, there will be 125,000 square feet of office space and a 20,000 square foot event space. The ground level retail will be host to a 9,000 square foot restaurant and outdoor garden, rumored to be Bodega Taqueria. They have locations in Coconut Grove, Aventura, South Beach and Chicago. Rendering Of The Gale Hotel And Residences Downtown Miami Pool Why a Condo-Hotel might be right for you Many people are interested in ownership of a piece of Miami, but are from out of town yet visit frequently or commuters. What happens with this property when you are not in Miami? With a condo that has AirBnb permissions, you could lease the condo out in your absence. With this option. you will need to furnish the unit, arrange for management nearby that includes cleaning after each guest, check in/check out, the rental listing management and occupancy and so on. For those who prefer to be less hands-on, the condo-hotel is the better option. These units are managed by an in-house staff that is usually a large name (flag) hotel brand. When you take ownership, they are all furnished uniformly according to the brand standard and really all you have to do is let them know when you will be using the property. The hotel brand takes a portion of the nightly rate but you do not have to have any interaction with the guests. From the guests’ perspective, they are simply staying in the hotel as though they were staying in one of the standard rooms. It is more convenient but you do sacrifice the ability to decorate the residence to your taste. Rendering Of The Gale Hotel And Residences Downtown Miami Room Both are amazing options depending upon how detailed you want to be in the customization and how much interaction you prefer to have with the rental aspect while you are away. If you are interested in a private presentation of the condo-hotel project, with specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: The Gale Hotel & Residences
Diesel Wynwood Condominiums Answers The Call From Locals Posted on September 18, 2023 by Sarah Elles Boggs For years buyers and tenants have expressed a desire to live in the popular Wynwood district that is filled with entertainment and art-focused amenities, but there just aren’t very many condos there. There are certainly very few new developments, so the chic-yet-casual Diesel brand has partnered with Wynwood-based Bel Invest to answer this call with Diesel Wynwood Condominiums project. About Diesel Wynwood This will mark the first ever Diesel-branded building in the world and bring 9 stories with 159 move-in ready residences to the neighborhood and a vibrant façade designed by Zyscovich. The residences range in size from studios to three-bedroom plans and penthouses, priced between the mid $400’s up to $1.95M in the tower and $4.5M for the penthouse. Zyscovich is the same Miami-based firm that designed the iconic Panorama Tower, a rental apartment building that currently holds the title as the tallest building in the skyline. They have also demonstrated their love for the Magic City with many civic projects including schools and transit stops, including many for the new Brightline fast-train that has become so popular over recent years. Rendering Of Diesel Condominiums Wynwood Rooftop Pool Deck Some of the special features about Diesel Wynwood include the fact that the residences will be delivered move-in ready with an industrial-chic atmosphere that encourages mingling and artistry but without sacrificing the modern needs of Miami’s locals. Exposed-concrete ceilings pair with Scavolini cabinetry that was custom-designed by Diesel and IRIS hard flooring that was also designed by Diesel. The kitchens feature Miele appliances with induction cooktops, fast-cook oven, dishwashers and refrigerators/freezers. Each residence also comes with a washer/dryer set. Both the bathrooms and kitchen will have elegant hard stone countertops to bring the luxurious appeal through from the exposed concrete ceilings. Early buyers will have the opportunity to choose from a variety of color schemes to best fit their taste. Rendering Of Diesel Condominiums Wynwood Interior For investors or those who travel frequently and like to lease their apartment while they are away, the rental policy includes 30-day rentals or up to 12 leases per year. Pleasantly Unique Amenities Diesel Wynwood Condominiums does have a unique mix of amenities to pair with the ones that Miamians have come to expect from a new luxury development in a hot neighborhood. There is the rooftop pool terrace, lounging area and summer kitchen with outdoor dining and a hot tub. Rendering Of Diesel Condominiums Wynwood Rooftop Dusk Rendering Of Diesel Condominiums Wynwood Rooftop Spa For indoor socialization, they are building out a wine lounge and library, where residents can either socialize or read quietly. They can also have private and climate-controlled wine lockers that are keyed for connoisseurs. In the business center, there is a fully-functional conference area as well as a co-working space and the entire project is staffed by 24/7 security. The lobby will also be staffed with a doorman and valet staff, welcoming residents and guests with a fun and creative vibe. Rendering Of Diesel Condominiums Wynwood Wine Room Dining Rendering Of Diesel Condominiums Wynwood Lobby Rendering Of Diesel Condominiums Wynwood Lounge In the wellness center, you will find the high-end cutting edge cardio and workout equipment situated in the gym and the nearby spa offers some new features. There is the indoor/outdoor yoga area with a thorough hammam offering that includes a sauna, steam room, a shower and even an Arctic room! The Arctic room is filled with snow, where you can get your circulation going and even switch between the rooms for a thorough detox of your body. Rendering Of Diesel Condominiums Wynwood Sauna Rendering Of Diesel Condominiums Wynwood Steam Room Rendering Of Diesel Condominiums Wynwood Snow Room Rendering Of Diesel Condominiums Wynwood Wellness Shower Featured Layout – Residence 320 The residences are offered in studio, one-bedroom, two-bedroom and three-bedroom layouts and then of course there are the penthouses, but today I wanted to highlight a specific unit that I think has an exceptional design. Residence 320 is a two bedroom plus a den that is spread over 1,437 square feet on the corner of the project, looking out over 28th Street with a 22-foot balcony. The asking price is $1,895,000 and the expected completion date of Diesel Wynwood is 2024. Floor Plan Of Diesel Condominiums Wynwood Unit 320 You can download more information here: Diesel Wynwood Condominiums Fact Sheet Diesel Wynwood Condominiums Sales Brochure Wynwood Neighborhood Map With Diesel Location Douglas Elliman is the exclusive, in-house broker for the project. If you are interested in a private presentation, with specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Construction Has Begun At The New Inter Miami Stadium In Miami Freedom Park Posted on August 31, 2023 by Sarah Elles Boggs It appears that Messi’s arrival in Miami has prompted forward motion in multiple ways. Not only is the Inter Miami FC now on a winning streak and ticket sales have gone into the stratosphere but after years of lobbying and preparation, construction has finally commenced on the new permanent Inter Miami Stadium in Miami Freedom Park. The first phase of the development began earlier this month, which is the $350 million stadium itself and adjacent retail and entertainment outlets. Everyone is really pushing for the construction to be completed on the Inter Miami Stadium before Messi’s contract ends in 2025. As of this month, hoards of heavy equipment and crews are on the site and performing the site work. A formal groundbreaking will take place this fall. Rendering Of Miami Freedom Park Complex Rendering Of Miami Freedom Park Master Plan When completed, the stadium will hold 25,000 spectators and is adjacent to a 58-acre public park with a 1-mile bicycle and walking trail that meanders around many different sports practice fields. Phase two will encompass the three hotels that will offer 750 rooms, offices and additional retail. The construction on this part is expected to continue through 2030. In total, there will be over 1 million square feet of commercial retail, entertainment and office space. “I can’t wait to welcome our fans to our state-of-the-art stadium and hear the chants as Messi and your Inter Miami players take the pitch for the first time in 2025” – Jorge Mas, Inter Miami CF Managing Owner A Tight Construction Timeline While Mas is optimistic about the construction timeline, there are still many moving parts that all must fall into place in order to meet the deadline. For starters, the FAA has not yet approved the height of the project. As a matter of fact, they have not even received the proposed heights in order to consider them according to the Wall Street Journal. In September, Miami Dade’s DERM is expected to receive a report on the site as a followup from a meeting in July when it was discovered that the site requires remediation from arsenic and pesticides. A traffic impact study will also need to take place to ensure that the increased congestion does not negatively impact the Miami International Airport. This study was supposed to have been submitted in December 2022, but has not yet been turned in, so there is still quite a bit to do in order to ensure delivery on time for the end of Messi’s contract. Naturally we all hope for an extension of his contract, but there are no guarantees at this point. Rendering Of Miami Freedom Park Rendering Of Miami Freedom Park Aerial Economic Impact The overall project is offering a monumental positive economic impact to Miami. Not only is it creating 15,000 jobs, the minimum pay is $15/hour. The league is also contributing $5 million in donations toward the Miami Baywalk-Riverwalk project and an additional $20 million to the City of Miami Parks Department. It is estimated that once completed, the project will generate almost $43 million per year in tax revenue, and this is not costing the taxpayers a dime. The total value is estimated at $1 billion. Whether we make it to the deadline and are able to see Messi play in the new Inter Miami Stadium or not, both his presence and this project are a massive windfall to our community. It is so rewarding and inspirational to see all of David Beckham’s hard work and faith in our city pay off after all of these years. Photo Credit: Arquitectonica
The Wharf Miami Prepares To Close For Redevelopment Posted on August 23, 2023 by Sarah Elles Boggs It seems to be the end of an era. The ever-popular waterfront hotspot The Wharf is closing its gates for good. Sort of. In actuality, the site was always meant to be temporary. Developers wished to activate the attractive waterfront development site as they sorted out the plan for the new, permanent location. They did a great job with this too! The Wharf is a ton of fun. The Wharf Miami Downtown Miami Riverfront With a popup indoor/outdoor shelter overlooking the Miami River as well as outside patio-style seating, The Wharf Miami also has seven bars and a collection of food trucks. They routinely host themed parties for grown adults and it’s just fun and low-key. What Will Be Built In The Wharf’s Space? This is a fun and trendy design. The Wharf Miami Riverside, as it will be called, is a 10-story development that includes a permanent location for The Wharf. There will also be a spot for Garcia’s Seafood, where many locals go to purchase the freshest fish available. The Wharf Miami Downtown Miami Riverfront In addition to the new permanent locations, there will be a 10-story Dream Hotel with 165 rooms. An expanded marina will now welcome megayachts, an indoor live music arena, and a publicly-accessible riverwalk. In total there will be 200,000 square feet of entertainment so it is intended to be quite the destination. The Team The Wharf is owned by Breakwater Hospitality Group and MV Real Estate Holdings. They have partnered with Driftwood Capital and Merrimac Ventures for the project and hired Cube3 for the design, interior designs by world-renowned iCrave and Savino-Miller Design Studio to handle the extensive landscapes. Timelines To begin, a new seawall will need to be installed. Work on this could begin relatively soon with an anticipated groundbreaking slated for the end of 2023. The seawall permit has already been issued and the construction permit is currently in the works with the Miami Building Department. Bidding farewell to the temporary location we have all come to know and love, Breakwater is planning a series of their famous themed parties. These are set to take place September 15-16. The first 500 people to RSVP for these events will also be able to spin a wheel and obtain memorabilia that likely includes Wharf-themed attire, blow up decorations and other goodies. You can find an exact lineup of the themes and make your reservation on their website. If you have never visited The Wharf, now is the time. The Wharf Miami Downtown Miami Riverfront “When we opened The Wharf Miami, it was a total game changer for the Miami River District and a never-before-seen concept in South Florida. Over the past six years we have had the honor of operating this venue while bringing unique events, culinary concepts and an amazing atmosphere which forever changed Miami’s social scene. Watching the venue become so successful and beloved over time has been incredibly gratifying, we are proud to have created a space where guests felt welcomed and created lifelong memories,” said Emi Guerra, co-founder of Breakwater Hospitality Group. “While The Wharf Miami is closed, we are working hard to bring an impressive, elevated experience to Riverside Wharf, a project that would not have been possible without the support of our community. We invite guests to join us during the closing weekend to celebrate six incredible years of The Wharf Miami and what’s to come.” If you happen to miss the going away bashes, the brand-new Regatta Grove has recently been opened in Coconut Grove to much fanfare, and is from the same development team. The Wharf Fort Lauderdale will remain open as well. Photos Courtesy of The Wharf Miami
Five Park Miami Beach Prepares For Topoff – Completion Expected Next Fall Posted on August 22, 2023 by Sarah Elles Boggs Five Park Residences on Miami Beach is preparing for topoff, which is a huge win for Miami Beach. Terra Group has taken a once-blighted 3-acre site and really made a transformation. What we used to look at was the shell of some old building. But today it is a 44 story tower with a beautiful park. There is a Monstrum Playground now and a proper dog park. This is a huge win for the city and the condos are beautiful. Rendering of Five Park Miami Beach Port of Miami View Rendering Of Five Park Miami Beach According to development representatives, the building will be topped off in September and residents can expect to start moving in next fall (2024). Purchase opportunities do remain in a limited scale from $1.1 million up to $25 million for the penthouse. In addition to the new tower, developers are building a pedestrian bridge that allows a connection to the restaurants and beach areas of Miami Beach’s South of Fifth area. If you are interested in a presentation of the project with special pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image Credit: Five Park Residences and Terra Group Renderings of Five Park Miami Beach
The Shore Club Residences in Miami Beach Lands $430M Construction Loan Posted on August 2, 2023 by Sarah Elles Boggs In a groundbreaking deal, The Shore Club Residences at 1901 Collins Avenue in Miami Beach has landed an incredibly difficult construction loan for their new waterfront super-luxury tower. The financing is provided by JPMorgan, according to a press release, and is valued at $430 million based upon developer reputations, buyer liquidity and sales. This is monumental as construction loans are incredibly tricky, especially as economy confidence wanes. This is further proof Miami’s unique blend of waterfront properties with superior designs and offerings, sweeping views and the lifestyle of luxury remains in-demand with the global elite. Rendering of The Shore Club Residences Terrace View With two thirds of the residences already in contract since sales began in early 2023, the 18-story development will be part of the Auberge Collection. Each of the 49 residences is completely unique. In the Shore Club Private Collection, there will be 44 condominium units along with a boutique hotel. Four of the properties are also one-of-a-kind as they are situated in the nearby Cromwell House and one is a more private stand-alone beach house. The 1939-built home whose complete renovation is also designed by RAMSA (Robert A.M. Stern Architecture) in collaboration with Miami-Based Kobi Karp Architecture. The remaining two will be penthouses, with details coming soon. Prices are placed between $6M-$40M and average at $20M. This works out to $5,000-per-foot, which will solidify buyers’ position in the new Billionaire’s Row of Miami Beach. Douglas Elliman is the exclusive broker for The Shore Club Private Collection. If you are interested in an invitation to consider this project, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Image credit: The Boundary Rendering of Shore Club Private Residences Miami Beach Architecture Rendering of Shore Club Private Residences Miami Beach Collins Rendering of Shore Club Private Residences Miami Beach Rendering of Shore Club Private Residences Miami Beach Location Rendering of The Shore Club Residences Kitchen Rendering of Shore Club Private Residences Miami Beach Kitchen Rendering of The Shore Club Residences Primary Bathroom
River District 14 Brings Flexible Living To The Miami Hospital District Posted on July 11, 2023 by Sarah Elles Boggs Coming soon to Allapattah just blocks from the Miami River and the Miami Hospital District is a new 16-story condo development with 283 investor-friendly condo units that allow short-term rentals. River District 14 has been advanced to the permitting phase and is preparing for construction to begin, according to The Real Deal in April. This is the only building in the area approved for AirBnB style, nightly/weekly/monthly short-term rentals. With all of the traveling nurses, doctors and patients looking for flexible stays near the Hospital District, this is the perfect opportunity for investors. River District 14 Miami Map The Location of River District 14 The location of River District 14 is the first thing that comes to mind. Allapattah is located just west of I-95 and has been lauded as the next area of gentrification as new developments continue to saturate the areas closer to the Biscayne Bay. With popular eateries and entertainment venues such as The Wharf and Seaspice, socialites and urban-dwellers are already venturing over to the banks of the Miami River to enjoy afternoons and evenings of fun. Adjacent to River District 14’s construction site is River Landing, a shopping center that offers a new Publix grocery, Pet Supermarket, fast food options including Chic Fila and Haagen Daaz, as well as Planet Fitness and retail shopping outlets. Nearby Metrorail Stations make commuting into Downtown Miami, Brickell, Coconut Grove and Coral Gables a breeze, which also brings up the proximity to the University of Miami (UHealth) Campus. Access to Miami International Airport is also a cinch on the Metrorail, or via car. Rendering of River District 14 Miami Streetscape River District 14 Investment Notes The residences in River District 14 are of course spectacular, but the main draw to the project is going to be the flexibility of use. Since the condo units have the option of being delivered fully-furnished and allow short term rentals, we can think of several profiles of potential buyers or renters that would maximize the potential for the space. For starters given the proximity to the hospital district, families of long-term patients are always faced with a challenge of finding suitable accommodations close by. Hotels seem so transient and you cannot properly settle in during your stay. You would have to eat out for every meal. With a short-term rental condo, you could stay adjacent to the hospital so that you are available for your loved one during their recovery and close to the medical care if you are in an outpatient situation. You can live in a proper home and settle in to live as normally as possible during this transition time. It is also amazing for visiting doctors or nurses who would stay for a few months before returning to their home, wherever that may be. Doctors are also known to have to work long shifts and odd hours, so a place to rest their head close by is immensely valuable. Medical students value living near the hospital as well so that they are readily available during their residency, yet still have convenient access to the nightlife that the city core offers. Being close to the airport is another draw to this location. Pilots and flight attendants are known to work together to have what is called a “crash pad”. This is a rented apartment that is convenient to the airport where flight professionals can arrange to stay during long layovers or during stop-ins to different cities. The possibilities for this location and short-term rental offering really are endless without even tapping into the obvious tourist market and long-term tenants. Rendering of River District 14 Miami Game Room Inside The Units At River District 14 As we mentioned above, the units at River District 14 are delivered fully finished with the option of also being turnkey furnished. The closets are fully built out and everything is ready for the first tenants or owners upon closing. With smart access utilizing keyless entry, changing tenants is a breeze. Each unit has 9-foot ceilings and gourmet kitchens with stainless appliance packages. The bathrooms have Swedish rain showers and custom vanities as well as contemporary lighting packages that include recessed lighting, dimmers and lighting control. Each apartment also has a stackable washer/dryer and comes with one parking space. The different sizes range from studios up to 2 bedroom/2 bath options with square footages that range form 520 square feet up to 1,130 square feet for a 2-bedroom walkup residence. Prices range from $471,000 up to $1M. Each apartment includes access to the state-of-the-art fitness center, coworking spaces, an expansive pool deck with cabanas, a media room and pickleball courts. If you are interested in a private presentation on River District 14 with specific availability and pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Rendering of River District 14 Miami Pool Rendering of River District 14 Miami Gym Rendering of River District 14 Miami Facade