Another Park Grove Luxury Residence Just Sold at One Park Grove Posted on June 19, 2017June 19, 2017 by Michael Light The Miami Luxury Homes Group at Douglas Elliman just sold another luxury residence at the highly-anticipated One Park Grove in Coconut Grove. Unit 9C at One Park Grove, the most exclusive of the three towers in the luxe development, was sold to an affluent buyer from New York City. Our client, which I will not name, originally looked at multiple developments throughout South Florida including Miami Beach and South Beach. But, as I got to know my client on a personal level and learned that she grew up in a family of art connoisseurs, I quickly understood that she has a true appreciation for art, culture, exclusivity, architecture and design. This helped me significantly narrow down the residential developments that would be most suitable, and of course One Park Grove was my first choice. Designed by world-renowned architectural firm Rem Koolhaus’ OMA, the entire concept of Park Grove is sculptural, organic, exclusive and perfectly fitting for Coconut Grove. The general idea behind OMA’s concept of Park Grove was the art installation by Christo when he wrapped the islands of Biscayne Bay, and this creative architectural design is reflective of the Bohemian, relaxed aquatic culture of The Grove. The natural feeling of the exteriors seamlessly flow through to the interiors which were ingeniously designed by Meyer Davis who carefully selected materials of wood, stones and metals that were compatible with the exterior but also exude sophistication and elegance. As some of you may already know, I personally sold the final 2 remaining units in the Club Residences at Park Grove which is now sold out. There are only several units remaining in Tower 2, and One Park Grove is close to 40% sold, making the entire project more than 85% sold. About One Park Grove Unit 9C Unit 9C in One Park Grove is an elegant 2-bedroom + Den, 2.5-bathroom residence offering 2,546 sq/ft of indoor and outdoor living space featuring 12-foot floor-to-ceiling glass throughout, a unique chef’s kitchen custom designed by famed William Sofield, a grand master suite, spa-inspired bathrooms meticulously designed by Sofield and a deep expansive terrace with stunning views of Biscayne Bay, the Atlantic Ocean and the Dinner Key Marina. Although I will not disclose the sales price of the residence or what was included in the sale, I will tell you that the unit was offered at $2.885 Million, which was $1,279 per square foot. One Park Grove Kitchen Exclusive Presentation of One Park Grove Situated along esteemed South Bayshore Drive in the heart of the bayfront community of Coconut Grove, Park Grove is the ideal place to call home. As I mentioned above, even though the project is more than 85% sold, there are residences available in One Park Grove, which is the most exclusive of the three towers and situated closest to Biscayne Bay. If you, or someone you know, are interested in purchasing a luxury residence at One Park Grove, please contact Michael Light, Director of Luxury Sales for Douglas Elliman Coconut Grove. You may reach Michael at (786) 566-1700 or michael@miamiluxuryhomes.com. Download One Park Grove Condos Key Plan and Floor Plans Download Park Grove Condos Brochure Park Grove Condo Sitemap
Miami Luxury Homes Sells Out Club Residence Tower at Park Grove Posted on March 5, 2017April 9, 2017 by Michael Light Michael Light, Director of Luxury Sales at Douglas Elliman, sold the final 2 remaining units in the Club Residence Tower (Tower 3) at Park Grove to two, separate Canadian buyers. Tower 3 at Park Grove is now SOLD OUT! Despite the strengthening of the U.S. Dollar, which has had a negative impact on Canadian buyers purchasing real estate in the U.S., two different clients of mine from Canada still decided to purchase a residence at Park Grove because they fell in love with the project. This just shows that if you have a quality product, it will sell…regardless of market circumstances. The Club Residence Tower was the first of the three towers at Park Grove in Coconut Grove to launch sales and to commence construction. Currently, the Club Residence Tower and Two Park Grove are both on the 21st floor of construction and are set for an official top-off ceremony next week on Wednesday, March 8th. If you are a buyer in Tower 3 at Park Grove, here is a photo of the stunning bay view from the 16th floor: View from Park Grove Club Residence Tower | 16th Floor Construction Tour On Thursday, my wife Jaimee and I were personally invited on an exclusive tour of the Park Grove construction site. During our tour with Project Manager Jason Gilg of Terra Group, we had the privilege of seeing the ground-level of the Club Residence Tower including the lobby, and then we explored the lobby in Two Park Grove (Tower 2). After a quick ride on the buck hoist (construction elevator), we stopped on the 19th floor to check out the incredible views from units at Two Park Grove. Here is the view from unit 19C in Tower 2 at Park Grove: View from Two Park Grove Residence 19C Because of my background in construction, I have been on many construction sites. It is difficult for most people to envision what the “finished product” will look like when touring a project under construction, but not for me. I can look at plans and renderings, then walk a building under construction and see exactly how everything will come together. Let me tell you, Park Grove is exactly what David Martin, President of Terra Group, envisioned when Douglas Elliman launched sales for the project over 2 years ago. Outside: Instead of feeling like there are 3 different buildings with different lobbies, the project offers an overall sense of unity. Each tower seamlessly flows from one to the next through its private gardens and tropical outdoor spaces. Inside: Once I stepped into unit 19C in Tower 2, I immediately noticed the uncommonly-high 12′ ceilings, which most developers do not offer. Also, I noticed there were no interior columns. Most condos in South Florida, unlike Park Grove, have interior columns in the corners of living rooms or bedrooms that obstruct views and kill room flow. All columns in Park Grove are on the OUTSIDE of the building and hidden as to not obstruct one ounce of the water views & Grove skyline. Here, you can see the columns on the outside of the building: Park Grove Towers 2 (Left) and 3 (Right) | During Construction One Park Grove Redesign The plans for One Park Grove (Tower 1) originally included only 54 residences ranging in size from 3,154 to 6,504 square feet. But, because of the overwhelming demand for units in Tower 2, the developer has decided to change Tower 1 units to mirror those in Tower 2. Though One Park Grove’s original design for very large units was amazing, many local residents looking to downsize from 8,000+ square-foot homes wanted more of a modest-sized condo residence. As a result, One Park Grove will now have 72 residences ranging in size from 2,232 to 3,592 square feet. As of today, One Park Grove is already 40% sold, with pricing starting at $2.4M. Park Grove Key Plan for Tower 1 and Tower 2 As David Martin often says “people do not want more, they want to be more.” This is true and relevant to One Park Grove. As I mentioned previously, local residents are looking to downsize for good reason. Instead of “wanting more” living space, they want to “be more” by traveling more with their families, spending more time on their boats and exploring life outside of their homes. Remaining Inventory at Park Grove Now that the Club Residence Tower is sold out, Park Grove as a whole is 83% sold. There are only 6 units remaining for sale in Two Park Grove with the remaining inventory coming from One Park Grove. For example, units 19C & 20C in Tower 2 are both available at $3,606,000 & $3,673,000 respectively, and both have amazing views…just look at the picture above from unit 19C. Status of Construction and Estimated Completion Currently, the Club Residence Tower and Two Park Grove are on floors 21 of construction, with both towers having an estimated completion date between Q4 2017 – Q1 2018. Construction has not yet begun on One Park Grove, but the estimated completion date is on schedule for Q2 2019. About Park Grove Located at 2701 South Bayshore Drive in the highly-sought-after bayfront neighborhood of Coconut Grove, Florida, Park Grove is an ultra-luxury, pre-construction condo development that provides an intimate, luxurious living experience in the truest sense. Situated on the serene, community-valued, bayfront streets of Coconut Grove, but only minutes away from the chic, metropolitan streets of Brickell and the vibrant streets of South Beach, Park Grove offers an ideal place to reside. Designed by a team of world-renowned architects, designers and developers, Park Grove has unprecedented beauty. Park Grove condo residents will enjoy high-class architecture by OMA’s famous Rem Koolhaas, interiors custom designed by the famous William Sofield, known for his historical yet modernist principles and creations of harmony between the aesthetically pleasing and everyday comfort, and the lushly landscaped gardens by Enzo Enea. Park Grove offers all residents unparalleled amenities including luxurious swimming pools spanning 500 feet with private cabanas, state-of-the-art fitness center, private training rooms, indoor/outdoor yoga spaces, bayview dining room for private events, wine cellar, library, curated art gallery, business center, children’s indoor/outdoor play areas, adult gaming room, outdoor amphitheater event space and 5 acres of private parks. Douglas Elliman is the exclusive broker for Park Grove in Coconut Grove. If you, or someone you know, would like more information about purchasing a residence at Park Grove, please contact Michael Light, Broker Associate and Director of Luxury Sales at Douglas Elliman and a proud resident of Coconut Grove. You may reach Michael directly at his office at 305-350-9842, on his cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.
Miami Condo Developers Need to Embrace Technology to Survive Posted on July 13, 2016 by Michael Light Developers in the South Florida real estate market need outside brokers, meaning brokers that do not work for the developer and have no association with a specific project, to sell their pre-construction condo projects, especially brokers that utilize technology marketing. Think about it…the more people marketing a specific project means the more buyers for that project. Developers Should Take Notice So many developers in South Florida think they will just hire an in-house sales team, and the sales team will sell all of their inventory. OK, sounds easy enough…but, it is not that simple. In my experience, less than 5% of a project’s sales are done with a buyer who just “walks in off the street” with no outside broker representation (which is a big mistake for a buyer because in-house agents do not have the buyers’ interests in mind, but instead the developers) and the rest are represented by outside brokers. Developers need outside brokers to sell their projects, especially brokers who utilize technology marketing, like myself. A Big Mistake…Missoni Baia I was one of the very first outside brokers introduced to the newest luxury condo project in Edgewater dubbed Missoni Baia, a collaboration by the OKO Group and Italian fashion house Missoni. I was shown renderings of the project and was quite impressed with its overall design and quality, so I wrote a detailed article about it which displayed a few of the renderings in an effort to present the project to my clients and readers. Strike One I published the article on a Saturday afternoon, and the following Monday morning at 7:30 a.m. I started receiving phone calls from my brokerage’s CEO about the article. Why? Because the in-house sales team hired by OKO Group, Cervera, was up-in-arms that I had written about the project, and instead of calling me directly to discuss it, Cervera’s managing partner called my CEO. After a bit of back-and-forth, I decided to take the article down if only to keep the peace. What Cervera, OKO Group or Missoni (whichever was upset about my article) doesn’t understand is that they will not sell their project without outside brokers. How am I supposed to share the project with my clients and readers if I am restricted in marketing? Missoni Baia is absolutely an incredible project, but compared with the average pricing in Edgewater, it is the most expensive project ever to launch in Edgewater. Do they somehow think that buyers will hear about the project, call them directly and pay whatever price they are asking…without any guidance on the overall market? And trust an agent that works directly for the developer…as if that person has the buyer’s best interests in mind? Hardly. Strike Two The same day I published the article I mentioned above, I purchased the URL www.MissoniBaiaCondos.com with the intention of creating a website to market Missoni Baia (as some of you know, I currently operate 6 different real estate websites with 6 more currently in development). However, before I got the chance to even launch the website, I got a letter from Missoni’s trademark attorney demanding that I transfer the domain immediately to Missoni because I was in violation of their trademark. Now, I’m not going to get into the legal analysis of the trademark laws because I am not an attorney, but my point is that I am trying to help Missoni sell their product at no cost to them. Now, I was not the only broker that was forced by Missoni to transfer my domain, other agents were included in their demand including an in-house agent who works for the developer—yes, an in-house agent working for the developer was also given a demand letter! Strike Three…I’m Done After I purchased the URL, but before I received the demand letter, I was personally invited by the sales team to take a tour of the sales gallery. While taking pictures of the sales gallery, I was told by the sales manager that I could not post these pictures on my website or social media. Again, do they not understand they need outside brokers? How am I supposed to share the project with my clients, readers or followers? Maybe the in-house sales team wants to control publicity and not cooperate with outside brokers? Maybe they have discovered some super-secret marketing strategy that gets as FEW eyes on their project as possible and somehow results in success? Most Developers Get It…Paramount Miami Worldcenter & Park Grove One of the many websites that I own and operate is www.ParamountMiamiCondos.com. This is a building-specific site dedicated to marketing Paramount Miami in Downtown Miami. Now, when I first launched this website, the developer, Dan Kodsi, was not particularly happy that I was “competing” with his own website. However, when I quickly became one of the top brokers at the project for many reasons including my website, not to mention the more than 25 articles I have written about the project because I do truly believe in it and the impact it will have on the City of Miami, the developer soon realized that my website actually only helped his project and its sales. And, thereafter, began giving me inside scoops and stories before anyone else, which then I was able to share this exclusive info with my clients. It was a so-called team effort between me, an outside broker, and the developer. There are many other developers in Miami who have embraced outside brokers and understand what I am trying to say. David Martin, President of Terra Group, understands and embraces relationships with the broker community. His most recent project, Park Grove – the most prestigious condo development ever constructed in Coconut Grove, is currently approaching the 90% sold threshold which is due in large part to his cooperation with outside brokers and utilization of technology marketing. Conclusion Developers, please understand….you need outside brokers to market your pre-construction condo developments. Let us use our own resources and utilize technology marketing to sell your inventory. Here are a few key points from a recent Inman News article that I found interesting: You need to implement the latest technological trends to succeed in real estate. Advancements in technology will aid real estate agents’ efforts to sell homes more than they know. There’s no way faster to cripple a healthy real estate business than by ignoring tech. Technology is meant to make our lives easier; anyone not taking advantage of it is essentially doing the opposite. Those who refuse to adopt advancements in technology will be rendered moot by the competition in no time flat. Basically, the days of pouring money into a fancy sales office with brochures, floor plans and a scale model, and taking out ad space in magazines to drive traffic to said sales office is long over. Developers need brokers just as much as brokers need developers.
Park Grove: 84% Sold – New Renderings, Exclusive Video & Inventory Update Posted on May 1, 2016April 9, 2017 by Michael Light One Park Grove, the most exclusive condo tower in the prestigious Park Grove condo development, has released new renderings and a video that captures the essence of luxury living at its finest in Coconut Grove—one of the most sought-after neighborhoods in South Florida. Please watch the video below. This video has not yet been released to the public. In fact, it was given to me by the developer, David Martin of Terra Group: One Park Grove, which only launched sales less than 2 months ago, consists of only 54 bespoke residences offering expansive layouts with 12-foot ceiling heights and 3 to 6 bedrooms. Residences at One Park Grove feature only 3 units per floor from floors 4 through 20 and only 2 penthouse units per floor on floors 21 through 23. Residences offer dedicated elevator lobbies and private elevators, floor-to-ceiling glass windows throughout, your choice of premium flooring in natural stone or porcelain wood tile, gourmet kitchens with Italian glass cabinetry, Paonazzo marble countertops and premium Sub-Zero & Wolf appliances and spa-like bathrooms with free-standing soaking tubs, glass-enclosed showers, double vanities, Italian cerused-finish wood vanities and stone countertops. One Park Grove residences also boast expansive outdoor living rooms with spectacular views of Biscayne Bay and the Coconut Grove marinas. One Park Grove has already sold 16 of its 54 residences in only the first 2 months of sales. Select units with pricing is shown below along with a link to corresponding floor plans: 4A – $4,606,000 5C – $3,620,000 6B – $5,078,000 7A – $6,800,000 8B – $5,800,000 10C – $6,200,000 12A – $7,400,000 14C – $6,500,000 16B – $6,200,000 17A – $7,600,000 19C – $6,800,000 Download One Park Grove Condos Key Plan and Floor Plans One Park Grove Kitchen & Dining Room Flow Through One Park Grove Living Room PARK GROVE CONDO DEVELOPMENT DETAILS Park Grove is a brand-new, ultra-luxury condominium development that provides an intimate, luxurious living experience in the truest sense. Situated on the serene, bayfront streets of Coconut Grove, but only minutes away from the chic, vibrant streets of Downtown Miami, Design District and South Beach, Park Grove is situated in a pristine location. Designed by a team of internationally-renowned architects, designers and developers, Park Grove offers unparalleled architectural beauty. Park Grove was brilliantly designed by OMA’s world-famous Rem Koolhaas, with custom-designed interiors by William Sofield, known for his historical yet modernist principles and creations of harmony between the aesthetically pleasing and everyday comfort. Park Grove also has truly amazing landscaping with tropical gardens by Enzo Enea. Park Grove consists of 276 luxury condo units within three condo towers, which are perfectly staggered to allow expansive direct water views. One of the things that makes Park Grove so special is its density, which is unparalleled in the Miami condo market. Instead of “value engineering” a development, and building as many units as possible, Terra Group decided to only deliver 276 luxury condos on 6 acres of land. They traded profit for nature, something many other developers could learn from. Park Grove Site Map Park Grove offers all residents unparalleled, over-the-top amenities including a luxurious swimming pool with private cabanas, dedicated rooftop pool, state-of-the-art fitness center, private training rooms, indoor/outdoor yoga spaces, bayview dining room for private events, wine cellar, library, business center, children’s indoor/outdoor play areas, adult gaming room and amphitheater outdoor event space. TWO PARK GROVE IS 93% SOLD OUT & CLUB RESIDENCES IS 99% SOLD OUT Two Park Grove (Tower 2), which includes 72 units, is 93% sold. In fact, there are only 5 residences that remain available for sale ranging in size from 2,232 – 2,917 square feet. The “A” line is completely sold out. Two Park Grove Remaining Inventory: 4B – $2,691,000 4C – $2,276,000 4D – $3,030,000 5C – $2,356,000 20C – $3,673,000 (Last remaining high-floor unit in building) Club Residences at Park Grove (Tower 3), which consists of 150 units, is 99% sold. In fact, there are only 2 residences that remain available for sale. Club Residences at Park Grove Remaining Inventory: 606 – $660,000 1103 – $832,000 Download Two Park Grove Floor Plans Download Club Residences at Park Grove Floor Plans CONTACT MICHAEL LIGHT FOR AN EXCLUSIVE PRESENTATION OF PARK GROVE If you, or someone you know, are interested in purchasing a luxury condo at One Park Grove, Two Park Grove or the Club Residences, please contact Michael Light of Douglas Elliman, the exclusive brokerage for Park Grove. You may reach Michael directly at his office in Coconut Grove at (305) 350-9842, on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. SEE BELOW FOR ADDITIONAL NEVER-BEFORE-SEEN RENDERINGS OF ONE PARK GROVE One Park Grove Lobby Entrance One Park Grove Lobby One Park Grove Wine Cellar & Tasting Room One Park Grove Private Poolside Cabana One Park Grove Private Art Gallery & Lounge One Park Grove Kid’s Play Room One Park Grove Indoor Bar & Lounge One Park Grove Dining Room One Park Grove Bedroom One Park Grove View
One Park Grove Celebrates the Opening of Glass & Vine in Coconut Grove Posted on April 29, 2016April 9, 2017 by Michael Light Park Grove, a brand-new luxe condo development situated bayfront on prestigious South Bayshore Drive in Coconut Grove, hosted yet another spectacular event Tuesday night at the newly-opened Glass & Vine eatery in Center Coconut Grove. The event was to help One Park Grove, the latest of the 3 luxury towers in the Park Grove development to launch sales, celebrate the latest exciting restaurant to join Coconut Grove. And, the party was a full house! Park Grove and Glass & Vine do have something in common other than just their location in Coconut Grove, they are both part of the renaissance of Coconut Grove, which began only a few years ago. Coconut Grove has recently begun attracting world-renowned chefs, business owners and developers back to the hidden gem to utilize the amazing place that locals refer to as “The Grove.” Who knows if it’s the natural park-like beauty, friendly low-key atmosphere, the bazillions of kid’s and dog parks, marinas or the sparkling blue waters of Biscayne Bay that have attracted business owners and developers back to The Grove. But, what I am certain of is that I am quite excited about this revitalization, especially since my wife and I are “Groveites” (which means residents of Coconut Grove to you non-Groveites). If you have yet to check out Glass & Vine, it is a definite must as it offers delicious food & drinks, beautiful views of Peacock Park from its large patio, impressive service and an overall friendly vibe. And, most importantly, if you are interested in purchasing a luxury condo at Park Grove or simply would like to learn more about this inspirational residential landmark, please contact Michael Light of Douglas Elliman, the exclusive brokerage representing Park Grove. You may reach Michael at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Click Here for more information about Park Grove including floor plans & renderings! Ceci Samaja (Douglas Elliman), David Martin (Developer of Park Grove) & Michael Light (Douglas Elliman)
List of Exclusive Douglas Elliman Luxury Pre-Construction Condo Developments Posted on March 11, 2016April 9, 2017 by Michael Light Douglas Elliman, the leading luxury real estate firm in the country, is the exclusive broker for many of the ultra-luxury, pre-construction condo developments in South Florida. Specifically, Douglas Elliman exclusively represents Park Grove, the most prestigious development in Coconut Grove, and One River Point along the Miami River in Brickell. Our Miami Beach developments include The Residences at The Miami Beach EDITION, Fasano Hotel & Residences at Shore Club, Faena House, Faena Versailles Contemporary, Faena Versailles Classic and The Penthouse Residences at 1 Hotel & Homes. Although all of the projects are absolutely amazing, Eighty Seven Park is my personal favorite! Eighty Seven Park, Renzo Piano’s first residential development in the United States, is a boutique museum-quality building situated oceanfront on the beautiful white sandy beach and also situated on a 35-acre park with stunning expansive ocean views from all residences. DOWNLOAD: Douglas Elliman South Florida Pre-Construction Condo Developments If you, or someone you know, are interested in purchasing a luxury condo residence at any of the exclusive Douglas Elliman developments in South Florida, please contact Michael Light, Director of Luxury Sales with Douglas Elliman, at (786) 566-1700 or by email at michael@miamiluxuryhomes.com.
One Park Grove Ultra-Luxury Condos Starting at $1,800 per SQ/FT Posted on March 11, 2016 by Michael Light One Park Grove, the most exclusive condo tower in the prominent Park Grove condo development located bayfront in Coconut Grove, has officially launched sales starting at $1,800 per square foot, and rightfully so as this project is absolutely stunning! In fact, I recently named Park Grove as one of my top 5 condo projects for 2016. One Park Grove is one of three luxury condo towers located within the luxe Park Grove condo development. The entire project consists of 278 total condo units within the 3 condo towers, which will be staggered to allow expansive direct-water views. Park Grove Site Key Plan One Park Grove consists of only 54 bespoke, bayfront residences that offer 3 to 5 bedrooms ranging in size from 3,154 to 6,504 square feet. Residences at One Park Grove boast 12-foot-high ceilings with floor-to-ceiling glass window walls, gourmet kitchens and spa-inspired bathrooms custom designed by William Sofield and expansive outdoor living rooms overlooking Biscayne Bay. Download: One Park Grove Condos Key Plan and Floor Plans Douglas Elliman is the exclusive broker for One Park Grove. If you, or someone you know, are interested in purchasing a luxury condo at One Park Grove, 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. ONE PARK GROVE FEATURES & AMENITIES 50,000 square feet of luxurious lifestyle amenities designed by OMA’s Rem Koolhaas and curated by Colin Cowie 500 feet of bayfront pools and pool decks offering poolside dining, private cabanas and towel service High-tech fitness centers including personal training room and yoga and Pilates studio World-class spa with treatment rooms, sauna and his and hers locker rooms with plunge pools Private dining and event space Full-service bar and outdoor bar Wine tasting rooms with private wine storage Espresso bars Fully-equipped business center and private meeting rooms Signature restaurant, bar and catering by award-winning chef Michael Schwartz 5-acre private garden designed by acclaimed Enzo Enea Private art gallery and lounge featuring world-class art collection Personalized butler services 24-hour concierge, security and doorman One Park Grove Kitchen One Park Grove Master Bedroom ONE PARK GROVE RESIDENCE FEATURES Dedicated elevator lobbies and private elevators to residences Expansive layouts with 12-foot ceiling heights Floor-to-ceiling glass windows throughout Option of premium flooring in natural stone or porcelain wood tile Beautiful, solid-core interior wood doors Private dining room Gourmet kitchens designed by William Sofield boasting custom Italian glass cabinetry, Paonazzo marble countertops and premium Sub-Zero and Wolf appliances Spa-inspired bathrooms designed by William Sofield featuring free-standing soaking tubs, glass-enclosed showers, double vanities, Italian cerused-finish wood vanities and stone countertops Expansive outdoor living rooms with stunning views of Biscayne Bay ONE PARK GROVE DEPOSIT STRUCTURE 20% of Purchase Price Due at Contract 10% of Purchase Price Due at 9 Months from Contract 10% of Purchase Price Due at 18 Months from Contract 10% of Purchase Price Due at Top Off Balance of Purchase Price Due at Closing
Miami Luxury Homes: Top 5 Pre-Construction Condo Developments in 2016 Posted on January 20, 2016January 20, 2016 by Michael Light Miami Luxury Homes top pre-construction condo development picks for 2016 include 5 luxury condo projects that we think are the “Best Overall.” Our picks do not include the lowest price per square foot or the cheapest condos, because that doesn’t make a condo project the best choice. You have to consider the development team, architect, amenities, location and much more. So, our top picks are more what we think are the best overall projects to currently buy, but definitely not the cheapest! #1 – One Thousand Museum, Downtown Miami One Thousand Museum Zaha Hadid’s One Thousand Museum project topped our list as the best pre-construction condo project to buy in 2016. Plans for the 62-story luxury tower include only 83 bespoke units that range from 4,503 to over 15,000 square feet. One Thousand Museum will offer its residents stunning, open-concept, flow-through layouts with 10-20-foot ceilings, Italian-designed gourmet kitchens and spacious terraces with direct bay and ocean views. Oh, and we cannot forget to mention that the luxury tower will be the first building in the country to use a glass-fiber reinforced concrete shell as the permanent frame for its innovative exoskeleton, which is being shipped in from Dubai. Residents of One Thousand Museum will enjoy extraordinary amenities including an exclusive rooftop helipad, double-height aquatic center with indoor infinity-edge pool, state-of-the-art fitness center and spa, resort-style sun deck with swimming pool overlooking Biscayne Bay, private sky lounge, movie theater and much more. And, this luxury development will even offer custom scenting throughout individual units! One Thousand Museum is currently under construction and is scheduled to be completed in 2017. There are only a limited number of the 83 total residences still available at this 6-star luxury condo development. #2 – Paramount Miami Worldcenter, Downtown Miami Paramount Miami Worldcenter Terrace Next on our list is Paramount Miami Worldcenter, a 58-story modern residential tower situated in the epicenter of Downtown Miami at Miami Worldcenter, the second largest urban development in the country. Paramount Miami Worldcenter will consist of 513 luxury condos boasting private elevator access with private foyers, 10-foot ceilings, outdoor living rooms and oversized terraces with views of Biscayne Bay and the vibrant Miami skyline. Paramount Miami Worldcenter will offer unprecedented amenities to its residents on the 9th floor roofdeck, spanning 9 incredible acres 120′ above the city. Amenities include a conservatory, social leisure lounges, high-tech fitness center with boxing and aerobic studios, wellness spa and salon, kid’s play center and a resort-style pool. Paramount Miami also features its exclusive, 4-story Yacht Skyview Deck located on the 55th – 58th floors, offering Skyview Lounge, a swimming pool, a soothing yoga area and spectacular bay and city views. Paramount Miami Worldcenter residents are also certain to love the complimentary services of Luxury Attaché, the country’s premier concierge management company. Miami Worldcenter is currently changing its format from a traditional mall to a more high-end, Lincoln Road/Shops at Bal Harbour-esque shopping center and promenade, which is so much better suited for the upscale lifestyle of Miamians and tourists. So, stay tuned for the awesome changes! Paramount Miami Worldcenter is scheduled for completion at the end of 2018. #3 – Park Grove, Coconut Grove Park Grove Rooftop Pool Park Grove, situated on the serene bayfront streets of Coconut Grove, is our 3rd top pick. This ultra-luxury condo development will consist of 3 exquisite towers that have been designed by a team of world-renowned architects, designers and developers. Park Grove condo residents will enjoy high-class architecture by OMA’s famous Rem Koolhaas, interiors custom designed by the famous William Sofield, known for his historical yet modernist principles and creations of harmony between the aesthetically pleasing and everyday comfort, and the lushly landscaped gardens by Enzo Enea. Park Grove will offer only 250 custom residences within the 3 towers allowing it to be a more exclusive place to call home. Park Grove will feature absolutely stunning views of Biscayne Bay and is only steps from the Dinner Key Marina, Kennedy Park and the CocoWalk shops. Park Grove is currently under construction and is scheduled to be completed in 2017. #4 – Eighty Seven Park, Miami Beach Eighty Seven Park Eighty Seven Park is a truly-unique, oceanfront condo development designed by Italian starchitect Renzo Piano. Situated at 8701 Collins Avenue in Miami Beach, Eighty Seven Park will be an 18-story condo tower consisting of only 70 custom residences nestled in the middle of a 35-acre park right along the Atlantic Ocean. Eighty Seven Park is significant because of its world-class team of collaborators that include development by Terra Group, interior design by Rena Dumas and architecture by internationally-acclaimed designer Renzo Piano, who brings an exceptional sense of fashion to the architectural design world that is quite extraordinary. Internationally famous for many remarkable projects including The New York Times Building, London Bridge Tower and Astrup Fearnley Museum of Modern Art in Norway, Renzo Piano is certain to design Eighty Seven Park, Piano’s first residential development in the United States, as a work of art. Eighty Seven Park will offer extraordinary features and amenities including a botanical exhibition, soul center spa and fitness center, 2 swimming pools with private cabanas and valet services, wine bar and cellar, juice bar, private gardens, children’s recreational room and playbox, direct beach access with exclusive lounge chairs, umbrellas and valet service and a variety of water sports. Eighty Seven Park is slated for a 2018 completion date. #5 – The Estates at Acqualina, Sunny Isles Beach The Estates at Acqualina Amenities, Amenities, Amenities. Even though The Estates at Acqualina is our #5 choice, it should not discount this absolutely extraordinary beachfront condo development that will offer gorgeous designed residences and will be loaded, I mean loaded, with over-the-top amenities. The Estates at Acqualina will consist of 2 luxury condo towers, 777 Via Acqualina which will offer 91 exquisite half and full floor residences and 888 Via Acqualina which will feature 173 luxury units. Residences at The Estates at Acqualina will offer expansive layouts and wrap-around terraces with outdoor living rooms, summer kitchens and breathtaking ocean views. The Estates at Acqualina will boast Villa Acqualina, which will feature 45,000 square feet of unprecedented amenities including a fitness center and wellness spa, a world-renowned 10,000-square-foot 5-star restaurant and Circus Maximus which is a full floor of awesome amenities including a Formula-1 simulator, an ice skating rink with a mural of the ocean, golf simulator, 4 bowling lanes, movie theater, Wall Street trader’s club room, billiard room and kid’s play room. The Estates at Acqualina will also feature 6 pools – a rooftop social pool, lap pool with spas, infinity-edge pool overlooking the stunning ocean, zero-entry children’s pool, children’s pool with water slides and a FlowRider pool, soccer field, Bocce court, running path, dog park, basketball court and volleyball court. The Estates at Acqualina amenities are certain to impress everyone. Residents of The Estates at Acqualina will also benefit from access to The Estates’ sister developments, Acqualina Resort & Spa and The Mansions at Acqualina. The impeccable service by Acqualina Resort & Spa, a Forbes 5-Star and AAA 5 Diamond Hotel, will ensure that The Estates at Acqualina provides an amazing and unique living experience. The Estates at Acqualina is estimated for completion in 2019. If you, or someone you know, are interested in purchasing a luxury condo in Miami or simply have a question about the luxury real estate market in Miami, please contact Michael Light, your trusted Miami condo specialist. You may reach me on my cell at (786) 566-1700, directly at my office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.