Gale Hotel & Residences Announces New Downtown Miami Condo-Hotel Units

 
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