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
FIRST LOOK: One River Point Has Miami’s First NYC-Style Sales Gallery Posted on March 16, 2017March 16, 2017 by Michael Light One River Point has finally completed Miami’s first New York City-style sales gallery. Like most luxury pre-construction projects in New York City (and unlike most Miami projects), One River Point decided to take a more interactive, technological approach by creating an interactive sales gallery offering a museum-type experience, and surprisingly, no other Miami developer has done this. The majority of developers in Miami ONLY have a scale model of their building and a bathroom or kitchen model in their sales gallery, but not renowned New York developer Shahab Karmely who spent upwards of $4M to complete his. In collaboration with acclaimed starchitect Rafael Viñoly, Karmely added a splash of NYC to his residential masterpiece in Miami by decking out a sales center like they do in NYC offering a museum-type experience with an Oculus Rift virtual reality system & interactive scale model, and why not, NYC is the leading luxury condo market in the country! Features of the multi-million dollar One River Point sales gallery include: A 10-foot scale model of the project. Interactive system showcasing the scale model and a touch-screen computer built into a base allowing you to choose what is displayed on the 16-screen video wall. The touch screen allows you to choose the exact unit you want to see on the video wall AND simultaneously lights up that same unit on the 60-story twin towers scale model. Interactive lounge with Oculus Rift virtual reality system used to “step inside” the building, 9-screen video wall and a neighborhood scale model that includes all of the surrounding buildings. Full kitchen model designed by Milan-based B&B Italia with painted-glass cabinets and Gaggenau appliances. Full model of the spa-like bathroom with travertine floors and wet walls and a single-slab onyx accent wall in the shower. Museum-style plinths exhibiting details of the project throughout. Second floor museum-style lounge with original concept sketches by Rafael Viñoly and project literature. Official Unveiling of One River Point’s Sales Gallery One River Point’s brand-new, multi-million dollar sales gallery was recently finished and launched last evening with an amazing soirée hosted by Shahab Karmely, Rafael Viñoly and Douglas Elliman. First Look at the One River Point Sales Gallery | Interactive Replica First Look at the One River Point Sales Gallery | Kitchen Model First Look at the One River Point Sales Gallery | Kitchen Model First Look at the One River Point Sales Gallery | Exhibit-Style Plinths First Look at the One River Point Sales Gallery | Bathroom Model First Look at the One River Point Sales Gallery | Interactive Lounge First Look at the One River Point Sales Gallery | Interactive Lounge First Look at the One River Point Sales Gallery | Glass Staircase First Look at the One River Point Sales Gallery | Second Floor Museum-Style Lounge First Look at the One River Point Sales Gallery | Second Floor Museum-Style Lounge First Look at the One River Point Sales Gallery | 10-Foot Replica of One River Point Aside from a brand-new sales gallery, 2017 has already brought many exciting changes to One River Point including the addition of more uber-luxe residences, entering into contract mode, redesigning the kitchens and an updated construction timeline. The developer plans to break ground on One River Point in the 4th quarter of this year (2017). Completion is estimated for the 1st quarter of 2020. Just a side note…some critics point out that residences at One River Point are being offered at a much higher price per square foot when compared to surrounding projects. Well, I encourage those critics to compare the quality of design that One River Point offers to any other building in the area and then re-evaluate their opinion. Designed by internationally-acclaimed starchitect, Rafael Viñoly, who also designed the tallest residential tower in the western hemisphere, 432 Park Avenue in New York City, One River Point exudes luxury in every detail. If you are interested in purchasing a luxury residence at One River Point, or would like a presentation of the project, please contact Michael Light. You may reach Michael directly on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
2017 Brings Exciting Changes to One River Point Condo Project Posted on January 20, 2017 by Michael Light Out with the old and in with the new…2017 is bringing about some exciting changes to the luxury pre-construction condo project One River Point including the addition of more elegant residences, entering into contract mode, a new chic sales center, better quality Italian kitchens and an updated construction timeline! Number of Units 32 units were added to the luxe 60-story twin tower development that will be situated along the Miami River in Downtown Miami. Now, the project will consist of a total of 418 condos between the east and west towers. The east tower will offer 224 units that will allow monthly rentals, while the west tower will consist of 194 units that will have a more restrictive rental policy of 6-month minimum rentals, twice a year. Now In Contract One River Point is no longer in reservation mode…meaning they are in full-blown contract mode with lots of ink hitting paper this week. New Sales Center The brand-new sales gallery for One River Point will open in approximately a month and will feature a 10-foot replica of the entire project along with full-scale models of the kitchens and bathrooms in One River Point residences. Oh, and we cannot forget to mention that the kitchens will no longer be Snaidero, the developer has decided to use Milian-based B&B Italia, which offers a higher-end design. Updated Construction Timeline The developers plan to break ground on the One River Point project in the 4th quarter of this year (2017). Completion is estimated for the 1st quarter of 2020. Sales for One River Point is exclusively managed by Douglas Elliman, so if you are interested in purchasing a luxury residence at One River Point, or would like a presentation of the project, please contact Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael directly on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Miami Luxury Homes Picks: Top 9 Real Estate Stories of 2016 Posted on January 6, 2017 by Michael Light 2016 was an interesting, but great year, so Miami Luxury Homes has rated its Top 9 Real Estate Stories of 2016…in no particular order. 1. Miami Condo Market is Far From a Bust: Response to the Wall Street Journal 2. New Order Affecting All-Cash Luxury Real Estate Purchases in Miami Starts Today 3. Redesign of Miami Worldcenter—From “Mall” to Open-Air, Lincoln Road-Esque shopping District 4. The Miami River is Experiencing a Resurgence 5. Camp Biscayne’s “Hammock House” Brings the Outside In (VIDEO) 6. Seller Beware: Agents Will Try to “Buy” Your Listing? 7. Canadian Sellers Grab Instant 45% Return Due To Exchange Rate 8. The Mother of all Amenities: Private Jet Parking for Turnberry Ocean Club Buyers 9. Rockwell Island Luxury Homes in Bimini | Exclusive Video Tour of Genting Group Chairman K.T. Lim’s Estate Although many naysayers predicted that the sky was going to fall in Miami, it was far from that. Because of the crazy (GOOD CRAZY) few years we have had with prices skyrocketing, the market had to stabilize itself, and that’s what it did in the 2nd half of 2016…prices leveled off, inventory rose, and we slowly shifted into a buyer’s market. We all know that international buyers LOVE Miami. But, just like a game of whack-a-mole, when one group backs off, another steps up, and that is what is happening with buyers from Canada. According to a recent report by the Miami Association of Realtors, Canadians have surpassed Colombians as the top buyers of South Florida real estate. And, we have seen an even greater number of domestic buyers than ever before. 2017 should be very interesting… If you are interested in learning more about the Miami real estate market, please contact broker Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Aston Martin Residences In/Epic 2 Out On Miami River Site In Downtown Posted on October 31, 2016 by Michael Light Aston Martin, the ultra-high-end British sports car company, recently announced that it will brand its first residential tower in Miami by partnering with the Coto Family, the ultra-wealthy Argentinean developers, to launch a 66-story condo building dubbed the Aston Martin Residences. The Aston Martin Residences will be located at 300 Biscayne Boulevard Way along the Miami River in Downtown Miami on the former site of “Epic 2.” The 390-unit high design condo tower will offer 1 to 4 bedroom residences, along with 7 penthouses and a duplex penthouse with private pools and terraces. Stay tuned for floor plans! The Aston Martin Residences will boast interior spaces that will be uniquely designed by Aston Martin’s design team led by Marek Reichman who said that the company’s famous branding will touch everything from the door handle, to color palettes and reception desks, down to the stitching. The tower will also feature 2 private lobbies, 2-story fitness center, spa, infinity-edge pool on the 55th floor, screening room, British club and a yacht marina. The Aston Martin Residences is scheduled to break ground in summer of 2017 and estimated to be completed in 2021. If you, or someone you know, are interested in purchasing a luxury condo at the Aston Martin Residences in Downtown Miami, please contact Michael Light of Douglas Elliman. You may reach me on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Aerial View Rendering of Aston Martin Residences
16 Units Sold Within the Last 30 Days at One River Point Posted on August 13, 2016August 17, 2016 by Michael Light Yes this is correct, sixteen (16) condos have been sold within the last thirty (30) days at the ultra-luxe One River Point pre-construction project soon to be situated along the Miami River. These 16 sales total $25,874,762 and already have deposits in escrow. This marks an average price above $1,617,000 for each unit sold! The luxury condo development, designed by world-renowned Rafael Viñoly, consists of two 60-story towers offering a total of 386 units (193 units in each tower) and, to date, 26% of these units have already been sold. So, despite the so-called softening of the U.S. real estate market, when you have a quality product, you won’t have trouble selling and this seems to hold true with respect to One River Point, as it truly is a remarkable, one-of-a-kind condo project in Miami. One River Point is currently in reservation status with plans to go to contract in November of this year. Further, groundbreaking is on track for Q2 of 2017 with an estimated completion date planned for Q3 2019. One River Point Deposit Structure 10% of Purchase Price at Reservation (Now) 10% of Purchase Price at Contract (Estimated November 2016) 20% of Purchase Price at Groundbreaking (Estimated Q2 2017) 10% of Purchase Price at 7th Floor Balance of Purchase Price Due at Closing (Estimated Q3 2019) One River Point Downloads One River Point Brochure in English One River Point Brochure in Spanish One River Point Fact Sheet in English One River Point Fact Sheet in Spanish One River Point Floor Plans CLICK HERE for additional renderings of One River Point If you, or someone you know, are interested in purchasing a luxury condo at One River Point along the Miami River in Downtown Miami, please contact Michael Light of Douglas Elliman for a presentation of the project. Douglas Elliman is the exclusive brokerage representing One River Point. You may reach Michael on his cell phone at (786) 566-1700, directly at his office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com. One River Point Aerial View One River Point Sky Club One River Point Pool One River Point Penthouse Private Pool
One River Point Releases New Renderings of Chic Interiors Posted on May 24, 2016 by Michael Light One River Point by Rafael Viñoly, that will be situated along the Miami River in Downtown Miami, has released brand-new renderings of the sophisticated interiors of the luxury residences. One River Point One River Point Balcony One River Point Living Room Flow Through One River Point Living Room One River Point Master Bedroom One River Point Master Bathroom Download One River Point Brochure Douglas Elliman is the exclusive listing broker for the One River Point condo project. If you, or someone you know, are interested in purchasing a luxury condo at One River Point, please contact Michael Light of Douglas Elliman. You may reach me directly at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
The Miami River is Experiencing a Resurgence Posted on April 24, 2016April 24, 2016 by Michael Light Along with the epicenter of Downtown Miami, the Miami River is undergoing a complete transformation from the industrial waterway it once was to a luxury waterfront destination with yacht clubs, luxury developments, restaurants and much more—-a resurgence of the Miami River is on its way! The Downtown Miami riverfront has undergone a massive cleanup and been beautified to help it become one of the fastest-growing desirable urban environments in Miami. Also, contributing to the renaissance of the riverfront is that more than 7,500 residential units have been developed along the river since 2000, in addition to 3,280 units and 11 single-family homes approved solely in 2015, according to the Miami River Commission. Additionally, 6 restaurants and 550 hotel rooms were approved in 2015 along with a 1.5-acre waterfront linear park. Developers have realized that this natural asset has been underutilized and is perfectly located to create a waterfront residential and culturally-dynamic urban development, especially with beachfront and bayfront properties becoming more expensive and in short supply. A few developments that are creating much excitement in the area are the River Yacht Club, multi-billion-dollar riverwalk projects and a luxury condo development, One River Point. River Yacht Club, developed by Dupoux Design and landscaped by Raymond Jungles, is an exclusive waterfront club offering 1,000 feet of dock space, a restaurant led by renowned chef Michael Lewis, a tropical outdoor garden, a members-only marina and a lounge located on its rooftop terrace. River Yacht Club is pursued by various food connoisseurs, boat enthusiasts and influential people in the local and global community and offers membership packages that give members unlimited VIP access to the club along with reciprocities and discounts to other similar establishments in vibrant destinations around the world. One of the many riverwalk projects is the exciting River Landing Riverwalk which will include a 50-foot-wide linear park along the Miami River that will include 426,000 square feet of retail space, 475 apartments and over 2,200 parking spaces. One River Point, a luxe condo development designed by the one-and-only Rafael Viñoly who is internationally-acclaimed for his unique, sophisticated designs that transcend fashion and create landmark expressions, is comprised of two, 60-story residential towers offering 350 condos, bespoke penthouses, skylofts and skyvillas. One River Point is situated in a private lusciously-landscaped park along the Miami River, offering 327 feet of prime river frontage, resort-style amenities including a 35,000 square-foot, members-only club linking the two towers via a floating glass skybridge offering spectacular city and water views, and designer-appointed residences. One River Point One River Point is an exclusive Douglas Elliman development. If you are interested in purchasing a luxury condo at One River Point, please contact Michael Light of Douglas Elliman. You may reach me directly at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.