Related Group’s Exclusive Paraiso Project Overview Posted on September 8, 2014 by Michael Light Paraiso Master Plan The Related Group, a leading developer in South Florida, and Arquitectonica, an internationally-acclaimed architect well-known in Miami for such residential condo towers as Icon Brickell, Marquis Residences and Paramount Bay, have teamed up for a mega, bayfront, project in Miami, the Paraiso project. Paraiso will be a vibrant, private community filled with avant-garde, residential condo towers, swimming pools, tennis courts, a beach club, marina and a bayfront park. The Paraiso project will be situated along Biscayne Bay in Edgewater, which is one of the hottest neighborhoods in Miami, just minutes from Downtown Miami, Brickell and South Beach. Paraiso will consist of four residential condo towers in three separate condo developments-Paraiso Bay, One Paraiso and Paraiso Bayviews. Paraiso Bay will consist of 2 residential condo towers, each soaring 53 stories high and each containing 325, luxury condo residences. One Paraiso will be a 53-story condo tower containing 276, contemporary condo residences. Paraiso Bayviews will stand 44 stories high with 396, modern condo units. The four Paraiso condo towers will each offer fabulous amenities and stunning bay and ocean views. The Paraiso Project will be complimented with over 500 feet of frontage on Biscayne Bay, a Beach Club and a waterfront park. The exclusive Beach Club will be accessible to residents of Paraiso and will boast a sandy beach, a private, adults-only pool, leisure lounge for private events, a restaurant featuring famous Chef Michael Schwartz and a marina with private boat slips and an on-site, on-demand service for watercraft rentals including speed boats, paddle boards, fishing equipment and much more. Paraiso will also be home to a bayfront park beautifully landscaped by award-winning Enzo Enea. Paraiso’s bayfront park will feature luscious landscaping, an artistic, sculpture garden, children’s playground and a dog park. Paraiso’s park will overlook Biscayne Bay with stunning views of the bay and Miami Beach. If you, or someone you know, would like more information on Paraiso Bay, One Paraiso, Paraiso Bayviews or any other condo in the Miami Arts District, please contact Michael Light of Miami Luxury Homes. You may 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.
Paraiso Bay…Another Arquitectónica Work of Art Posted on August 20, 2014 by Michael Light Paraiso Bay Condo Towers Another work of art by internationally-acclaimed Arquitectónica, Paraiso Bay is soon to be a stunning, exclusive, gated condo development situated on approximately 5 acres of bayfront land with over 500 feet of frontage on breathtaking Biscayne Bay. The Paraiso Bay condo development will consist of two, twin towers each rising 53-stories high and each offering 325 contemporary, luxury condo residences with direct bay and ocean views. Situated along Biscayne Bay in Edgewater within the Miami Arts District, Paraiso Bay will feature sophisticated interior designs, luxurious condo residences, brilliantly-designed luscious gardens and extraordinary amenities. Each residence will feature high ceilings, energy-efficient, tinted, impact-resistant, floor-to-ceiling sliding glass doors and windows, open-concept kitchens with custom-made European cabinetry and top-of-the-line appliances, oversized his and hers walk-in closets and deep terraces with unobstructed, panoramic views of Biscayne Bay and South Beach. Residents will also enjoy the extraordinary amenities at Paraiso Bay including an amenities deck offering a swimming pool, pool-side cabanas, summer kitchen and jogging path, a state-of-the-art fitness center, health spa with his and hers steam and sauna rooms, lighted tennis courts, wine cellar, cigar lounge and a bayfront, sandy beach club with exclusive pool and on-site watercraft rental services. Paraiso Bay condo development will also feature a marina with exclusive boat slips and a bayside park with a kid’s playground and a dog park. Paraiso Bay Marina & Boat Dock Download Paraiso Bay Information Download Paraiso Bay Condo Floor Plans Download Paraiso Bay Condos Brochure Paraiso Bay Pool Paraiso Bay Features & Amenities Magnificently designed by world-renowned Arquitectónica Gorgeous, lush landscaping by world-famous Enzo Enea Private, gated community with 500 feet of bay frontage 3-acre amenities deck on the 4th floor with heated swimming pool, pool-side cabanas, outdoor spa, lush, mediation gardens, sun-bathing terrace, summer kitchen and jogging path First-class, fully-equipped fitness center with a cardio theatre Lighted tennis courts Wellness Spa with his and hers steam and sauna rooms Recreational club room with billiards table and catering kitchen Teenager’s gaming room Kid’s play room Children’s pool with interactive water playground Screening room with theater seating Exclusive wine cellar with tasting area Cigar lounge Beach Club situated bayfront featuring a sandy beach with exclusive pool for hedonistic sunbathing, lounging area for private events, marina with private boat slips and on-site, services for watercraft rentals including speed boats, canoes, paddle boards, fishing equipment and much more TBA – Bayfront Beach club restaurant Bayside, beautifully-landscaped park offering an artistic, sculpture garden, kid’s playground and dog park Private storage units with a/c 24/7 concierge service and free valet parking 24/7 security with guards Wi-Fi throughout all common areas Paraiso Bay Terrace Paraiso Bay Bedroom Paraiso Bay Living Room Paraiso Bay Condo Features Open-layout, flow-through modern floor plans offering 1-4 bedrooms Each residence includes a private elevator and entry foyer 9’-10’ ceilings and energy-efficient, tinted, impact-resistant floor-to-ceiling sliding glass doors and windows throughout each unit Deep terraces with unobstructed, panoramic views of Biscayne Bay and South Beach Custom-made, European kitchen cabinetry with choice of various finishes and selection of quartz countertops with optional backsplash Flow-through, open-concept kitchen with breakfast bar Top-of-the-line kitchen appliances including Sub-Zero refrigerator, Bosch 30” PreciseSelect touch-control, glass cook top, Bosch 30” built-in modern style stainless steel wall oven and Bosch extra-quiet dishwasher Bathrooms feature European-style cabinetry amid imported stone vanity tops with full-length mirrors and imported, porcelain flooring, base and walls in wet spaces Master bathrooms feature oversized, soaking bathtubs and frameless, glass-enclosed showers Oversized his and hers walk-in closets Energy-efficient a/c and heating Paraiso Bay Condo Development Overview Developer: The Related Group Architect: Arquitectónica Landscape Architect: Enzo Enea & United Designs Number of Towers: 2 Number of Stories: 53 Number of Residences: 650 (325 units in each tower) Square Footage Range: 919 – 2,665 (under a/c) Paraiso Bay Condo Reservations, Deposits & Timing 20% of Purchase Price at Contract 10% of Purchase Price at Groundbreaking 10% of Purchase Price at 5th Floor 10% of Purchase Price at Top-Off Balance of Purchase Price Due at Closing Paraiso Bay Condo Keyplan If you, or someone you know, would like more information on Paraiso Bay condos or any other condos in the Miami Arts District, 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.
Edgewater: Miami’s Newest Chic Neighborhood Posted on November 10, 2013 by Michael Light The Edgewater District, a once-blighted bayfront neighborhood, is quickly becoming a chic residential destination, attracting developers and residents alike. The revival of Edgewater has been driven in large part to its proximity to the Design District and Midtown, however the big draw, of course, is the bayfront. Unofficially, the district is bounded by Northeast 17th Street to the south, stretching north to the Julia Tuttle Causeway at 36th Street and from Biscayne Bay west to the railroad tracks west of Biscayne Boulevard. Miami’s permissive zoning has allowed for the development of high-density mixed-use projects, leading to rapid gentrification of the area once inhabited exclusively by the homeless. Biscayne Boulevard, a major thoroughfare, runs through the center of the district, offering dining, shopping and other amenities, such as the Publix supermarket that recently opened in the area. Additionally, Margaret Pace Park offers bayfront outdoor amenities. During the last two condo booms, Brickell and Downtown Miami have been nearly built out. Edgewater, however, still has developable land for projects that can offer bayfront views. As a result, developers have been purchasing parcels for the construction of residential towers, causing land prices to soar. The Miami-based Related Group (“Related”) recently purchased 4.5 acres of bayfront property at Northeast 31st Street for $29 million, which previously sold in 2012 for $11.5 million. Additionally, Related has broken ground on Icon Bay, a luxury residential tower located at 428 Northeast 28th Street. Pre-sales of units, which were offered beginning in September 2012, have nearly sold out thanks in part to a large demand from foreign buyers willing to put down fifty percent (50%) or more of the price for pre-construction units. AXA Developers and Strategic Properties Group recently purchased a 2-acre site at 545 Northeast 32nd Street for nearly $20 million with plans to build a condominium tower. The property was previously intended for a project called ICE, which was scuttled as a result of the market downturn. This is just one of a few properties given new life due to the sudden increase of development within Edgewater. In addition, Mckafka Development Group (“Mckafka”) foreclosed on a mortgage they held on 623 Northeast 27th Street. They acquired the note for this property nearly two years ago for $2.1 million. Mckafka developed plans to build a 90-unit building called The Crimson on this property, for which they are currently taking reservations. The Melo Group (“Melo”), a family-run development firm, has been on the leading edge of the development of the Edgewater neighborhood. Melo has been buying land in Edgewater since 2001, and has already developed 10 rental and condo projects totaling 1,700 units, with land holdings sufficient for 2,800. Skyview, Melo’s most recent completed project is a 32-story, 258-unit apartment building located at 425 Northeast 22nd Street. Also, Melo is close to breaking ground on Bay House, a 36-story condominium tower with 164 units, located at 600 Northeast 27th Street on a 1-acre site purchased last year for $5.5 million. Melo also just obtained $22 million in financing for 26 Plaza Tower, a 12-story condominium project, located at 162 Northeast 25th Street, which broke ground last month. With prices averaging between $450 – $550 per square foot in Downtown Miami and Brickell, buyers are finding it difficult to find a “deal”. Projects such as Bay House, The Crimson, Biscayne Beach, Paraiso Bay and Icon Bay are providing buyers the opportunity to buy brand-new construction starting under $400 per square foot WITH spectacular views of Biscayne Bay. Seeing where Edgewater is heading, securing a condo in one of these new towers now is like being able to “see ahead of the curve” with regards to future value. If you, or someone you know, are interested in purchasing a condo in Edgewater, please contact me. I appreciate the opportunity to earn your business. Here are some additional photos of new condo towers in Edgewater: Biscayne Beach Residences Bay House Condos The Crimson Residences Paraiso Bay Residences Icon Bay Condos