Five Park On South Beach To Feature Private Dining By Michelle Bernstein And Jeffrey Chodorow Posted on March 4, 2024March 4, 2024 by Sarah Elles Boggs Miami-renowned chef Michelle Bernstein and modern day renaissance man/restauranteur Jeffrey Chodorow are teaming up to bring private dining to the restaurant space in Five Park Miami Beach. The project has hinted at a signature restaurant since the official launch in the summer of 2021, and now we have details. The Culinary Concept The new eatery will be located on the 6th floor amenity terrace, which is convenient to both the main pool and the family pool. With an open air indoor/outdoor design, guests will enjoy vibrant Mediterranean fusion dishes in the restaurant or poolside overlooking the Biscayne Bay and Downtown Miami skyline. There are seating options for intimate and romantic celebrations or for spirited groups. For larger parties or family-style events, a separate outdoor dining area is available. The signature pedestrian bridge will connect here, allowing guests to take a leisurely stroll to South of Fifth before or after visiting the restaurant. On the 26th floor, Five Park will also offer the exclusive Canopy Club. This is an exclusive social club for residents of Five Park Miami Beach and their guests only. The food and beverage offerings at the Canopy Club will also be curated by Bernstein, who is known for her dynamic and inspired menu offerings. Rendering of Five Park Miami Beach Pool Rendering of Five Park Miami Beach Sky Lounge The Culinary Team Many locals will already be familiar with Michelle Bernstein. As a Miami native, many of her restaurants are local staples and she has also earned a coveted James Beard Award for “Best Chef in the South.” She also beat Bobby Flay on Iron Chef early in her career, so she is a force to pay attention to in the kitchen. You can currently find her dishes at the Michelin-starred Cafe la Trova in Little Havana as well as Sweet Liberty, La Cañita or Little Liberty. She is also a regular at culinary festivals throughout the county. Jeffrey Chodorow is also well-known in the world of restaurants, getting his first taste of success in New York City with mega-establishments like China Grill and Bond Street in Hudson Yards. Although his first career successes came in New York, Chodorow is a Miami-area native. He was raised in Miami Beach and has had an extremely colorful career. He is something of a modern-day renaissance man, starting out as the CEO of an airline before pivoting into restaurants. The culinary industry offered the opportunity for risk taking and flashy concepts, both of which excited Chodorow. If you have a penchant for drama, you can find one of his culinary adventures on the Netflix movie, “Bad Vegan.” Although Bad Vegan ended dramatically, it demonstrated Chodorow’s eagerness for adventure and being cutting-edge. This was also just one of dozens of concepts he has helmed. The two will be pairing up for their debut into the private dining scene that has taken off over the last year as the hot new amenity to include in new developments. The private restaurant in Five Park will be unique and cutting-edge with one of the best views the city has to offer. Rendering of Five Park Miami Beach Five Park Tower Having recently topped-off at 48-stories and 519-feet, Five Park will be the tallest tower on South Beach. In addition to the panoramic views, developers Terra Group and GFO Investments have contributed a 3-acre park to the City of Miami Beach. This “Canopy Park” creates a backyard community feeling with art installations, a Monstrom Playground, pet play areas and performance pavilions. Inside the tower at 500 Alton Road, residents will find 98 condo residences and 180 park residences. The condos are located on floors 30 to 48 with park residences being located on the mid-level floors. Select residences are available for purchase with prices from $2.7 million for a 1,357-square-foot layout with two bedrooms, tw0 and a half baths and direct bay views from each room. The project is slated for completion later this year. 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: Terra Group/Five Park Miami Beach Rendering of Five Park Miami Beach Living Area Rendering of Five Park Miami Beach Bedroom Rendering of Five Park Miami Beach Views Rendering of Five Park Miami Beach Terrace Rendering of Five Park Miami Beach Dining Rendering of Five Park Miami Beach Purple Lounge
Construction Update | Monad Terrace to Celebrate ‘Topping Off’ with Private Tours Posted on February 7, 2019 by Michael Light The iconic residential development in South Beach, Monad Terrace, is rapidly rising and the official ‘top off’ is set for next week. The developer, JDS Development, has decided to celebrate its top off with a more effective, traditional marketing approach than by throwing a flashy party. The developer has invited top-producing brokers to tour the construction site next week in small rolling tours, along with a nice lunch catered by Joe’s Stone Crab, which will begin on Thursday, February 14th. Additional construction includes the current wrapping of all lower floors in plastic to start framing and drywall. Standard glass will begin being installed this week and the innovative honeycomb glass will be installed in early to mid-March. Monad Terrace is truly an innovative, iconic residential masterpiece. If you, or someone you know, are interested in purchasing a luxury condo at Monad Terrace in South Beach, please contact Broker Associate Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate, the exclusive brokerage representing Monad Terrace. You may reach Michael directly at (786) 566-1700 or michael@miamiluxuryhomes.com. Monad Terrace Construction Update Monad Terrace Construction Update Monad Terrace Construction Update Monad Terrace Construction Update Monad Terrace Construction Update About Monad Terrace Monad Terrace is an iconic property in the heart of famed South Beach designed by Pritzker-prize-winning architect Jean Nouvel and developed by JDS Development Group. This unique residential development features two luxury condo towers that seamlessly connect as they are perfectly wrapped around a glittering lagoon offering 59 bespoke, fully-finished residences. The north tower stands only 7 stories and offers 6 residences while the southeast tower stands 13 stories offering 53 residences. Each stunning unit offers white oak flooring, expansive gourmet kitchens with natural stone flooring, Calacatta marble countertops, custom cabinetry designed by Jean Nouvel and premium Gaggenau appliances and spa-inspired master bathrooms boasting Calacatta marble throughout, his and her vanities and custom cabinetry. Each unit also offers expansive outdoor living rooms with climbing gardens and beautiful views. Included in the 59 residences, Monad Terrace offers four exceptional penthouse residences that each offer a unique expression of Jean Nouvel’s celebrated vision. Each penthouse offers a private elevator, floor-to-ceiling windows framing the panoramic views of Biscayne Bay and/or the Atlantic Ocean, master suites with lagoon views and private rooftops with hot tubs, summer kitchen areas and pools up to 78 feet long with incredible water views. Monad Terrace also features luxurious amenities including a fitness center, spa, 116-foot bayfront swimming pool and 24-hour valet, security and concierge services. Download Monad Terrace Brochure, Fact Sheet and Floor Plans Monad Terrace Residences Brochure Monad Terrace Residences Fact Sheet Monad Terrace Penthouse Residence Floor Plans
JUST LISTED | South Beach Fully-Furnished 1-Bed/1.5-Bath Condo Offered at $499k Posted on January 29, 2019January 31, 2019 by Michael Light We are pleased to announce our newest turn-key condo listing Unit 506 at The Meridian, which is ideally located in the heart of the South Beach neighborhood in Miami Beach just walking distance from Lincoln Road and a variety of entertainment, shopping and 5-star restaurants. Offered fully furnished (excluding the art) at only $499,000, his unit is an amazing opportunity for someone looking for an affordable vacation condo or an investor, as it is currently leased. ABOUT UNIT 506 AT THE MERIDIAN SOBE Modern, fully-furnished 1-Bed/1.5 Bath condo at The Meridian in South Beach offering a spacious terrace with stunning views of the Miami Beach Botanical Garden. This condo boasts an open-concept layout offering 966 SF of interior living space with 36” white porcelain flooring, floor-to-ceiling hurricane-impact windows/doors, European-style kitchen with white cabinetry, granite countertops and stainless-steel appliances and a master bathroom with marble countertops and shower/bathtub combination. This condo includes an in-unit washer/dryer and 1 parking space. Amenities at The Meridian include 24-hour security, heated rooftop swimming pool and spa, rooftop entertainment space, fitness center, bicycle storage and dog walking area with stations. If you are interested in privately viewing Unit 506 at The Meridian South Beach, please contact Listing Broker, Michael Light directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. The Meridian Miami Beach The Meridian Miami Beach Unit 506 Bedroom The Meridian Miami Beach Pool The Meridian Miami Beach Rooftop Entertainment Space The Meridian Miami Beach Rooftop View The Meridian Miami Beach Fitness Center
A Look Back at the Top 9 Luxury Condo Sales of Last Year (2018) Posted on January 23, 2019 by Michael Light The Miami/Miami Beach luxury condo market is always a hot-button topic among real estate news outlets around the world. And, with many people questioning the stability of the luxury market, it is important for me to point out that there were 19 condos that sold over $10 Million in Miami-Dade County in 2018 (per MLS data). And, think about this…this list does NOT include developer inventory not on the MLS, which, if I had access to, would make this number much higher. In 2017, Palazzo del Sol PH 2 topped the list selling at $31,261,545, while topping the list in 2018 was the top-floor penthouse at 321 Ocean that included its own 36′ infinity pool on the roofdeck that is seen above. Top 9 Condo Sales of 2018 #1 321 Ocean PH | South of Fifth | Sold for $26,000,000 Closed on 05/11/2018 6,807 SF Living Area | 5,223 SF of Terraces 5 Bedrooms | 5.5 Bathrooms Sold for $3,819.60 Per Square Foot #2 Fendi Chateau PH-2 | Surfside | Sold for $18,500,000 Closed on 03/12/2018 7,489 SF Living Area | 5,220 SF of Terraces 4 Bedrooms + Den | 7.5 Bathrooms Sold For $2,470.29 Per Square Foot #3 Mansions at Acqualina PH45 | Sunny Isles Beach | Sold for $17,000,000 Closed on 02/28/2018 7,022 SF Living Area | 2,428 SF of Terraces 4 Bedrooms | 6.5 Bathrooms Sold For $2,420.96 Per Square Foot #4 Oceana Key Biscayne PH1-N | Key Biscayne | Sold for $15,000,000 Closed on 05/14/2018 8,252 SF Living Area | 9,000 SF of Terraces 5 Bedrooms + Media Room | 7.5 Bathrooms Sold for $1,817.74 Per Square Foot #5 Apogee South Beach #2104 | South of Fifth | Sold for $14,800,000 Closed on 03/01/2018 4,154 SF Living Area | 2,441 SF of Terraces 3 Bedrooms | 4.5 Bathrooms Sold for $3,562.83 Per Square Foot #6 Bayview at Fisher Island #4811/4821 | Fisher Island | Sold for $14,556,700 Closed on 08/06/2018 8,020 SF Living Area 5 Bedrooms | 5.5 Bathrooms Sold for $1,815.04 Per Square Foot #7 Continuum South Beach #3803 | South of Fifth | Sold for $13,750,000 Closed on 01/16/2018 4,968 SF Living Area | 487 SF of Terraces 4 Bedrooms | 4.5 Bathrooms Sold for $2,767.71 Per Square Foot #8 Apogee South Beach #1604 | South of Fifth | Sold for $13,500,000 Closed on 05/01/2018 4,154 SF Living Area | 2,441 SF of Terraces 4 Bedrooms | 4.5 Bathrooms Sold for $3,249.88 Per Square Foot #9 1 Hotel & Homes PH-1610 | South Beach | Sold for $13,500,000 Closed on 11/01/2018 3,955 SF Living Area 4 Bedrooms | 5.5 Bathrooms Sold for $3,413.40 Per Square Foot If you are interested in learning more about luxury condos in Miami, please contact Broker Associate, Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate and Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman. You may reach Michael directly at (305) 350-9842 or michael@miamiluxuryhomes.com. Disclaimer: The information contained herein was retrieved from the Multiple Listing Service (MLS) on January 19, 2019 and developer floor plans. All information contained herein is for informative purposes only and should not be relied upon without representation.
Monad Terrace Secures $137M Construction Loan Posted on May 8, 2018November 20, 2018 by Michael Light JDS Development, led by Michael Stern, recently secured a $137 Million construction loan for its uber-luxe South Beach condo development known as Monad Terrace. This mega loan appears to be the biggest financing deal in Miami’s condo market in almost a year. In fact, this loan is the first $100 Million+ construction loan to close in Miami-Dade County YTD for a condo project. Stern secured this mega loan from a New York-based lender/real estate investor, Madison Realty Capital, who secured the loan for Monad Terrace without any contingencies upon sales threshold, according to TRD. Obviously, the lender believes in the project and that it will sell out without-a-doubt…I’m sure the fact that the project was designed by the highly-famed Pritzker-prize-winning architect Jean Nouvel, didn’t hurt! Stern has stated that loans of this magnitude are few and far between right now in the Miami market, so he truly believes the loan was secured because of the quality of the project. “Securing this loan demonstrated the strength of the project, the attractiveness of the Miami Beach market and the overall demand for luxury housing in Miami. Monad Terrace serves as a landmark for thoughtful and innovative development that is also beautiful and has a strong architectural identity. This product is like nothing else in Miami Beach, and this deal is a testament to that,” said Stern. Source: https://www.trusttwo.co.uk/borrowing-from-us/guarantor-loans-for-bad-credit Monad Terrace Construction Update Monad Terrace held their groundbreaking ceremony on October 25, 2017, marking the commencement of construction of the luxury project. Since groundbreaking, the following has been completed on the project: waterproofing, foundation soil mixing and pile installation on the entire site, basement shell waterproofing and concrete, tower crane base, concrete shell, columns and elevator cores, and seawall piles and sheeting. Vertical construction is expected to commence in a few weeks and the luxury development is estimated for completion in the fall of 2019. Monad Terrace is truly an innovative, iconic residential masterpiece. If you, or someone you know, are interested in purchasing a luxury condo at Monad Terrace in the South Beach neighborhood of Miami Beach, please contact Broker Associate Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate, the exclusive brokerage representing Monad Terrace. You may reach Michael directly at (786) 566-1700 or michael@miamiluxuryhomes.com.
Top 8 Uber-Luxe Condo Sales of 2017 (All Over $10M) Posted on January 3, 2018January 3, 2018 by Michael Light The Miami/Miami Beach luxury condo market is always a hot-button topic among real estate news outlets around the globe. And, with many people questioning the stability of the luxury market, it is important for me to point out that there were 8 condos that sold over $10 Million in Miami-Dade County in 2017 (per MLS data). And, think about this…this list does NOT include developer inventory not on the MLS, which, if I had access to, would make this number much higher. Topping the list for a second consecutive year was a luxury penthouse at Palazzo del Sol on the ultra-exclusive Fisher Island. In 2016, Penthouse 3 topped the list selling at $21,500,000, but the 2017 sale surpassed that by a landslide with the sale of the ultimate trophy Penthouse 2 selling for a whopping $31,261,545 in the summer of 2017. Top 8 Condo Sales of 2017 (Over $10M) #1 Palazzo del Sol PH 2 | Fisher Island | Sold for $31,261,545 Closed on 05/04/2017 9,715 SF Living Area | 8,595 SF of Terraces 7 Bedrooms | 7.5 Bathrooms Sold for $3,217.86 Per Square Foot #2 Porsche Design Tower PH 5601 | Sunny Isles Beach | Sold for $25,000,000 Closed on 03/31/2017 9,560 SF Living Area | 6,515 SF of Terraces | 3,328 SF of Garage Space 4 Bedrooms + Den | 6.5 Bathrooms Sold For $2,615.06 Per Square Foot #3 Palazzo del Sol Unit 7053 | Fisher Island | Sold for $16,500,000 Closed on 12/01/2017 9,826 SF Living Area | 1,797 SF of Terraces 7 Bedrooms | 7.5 Bathrooms Sold For $1,679.22 Per Square Foot #4 Faena House Unit 9A | Miami Beach | Sold for $12,500,000 Closed on 01/12/2017 4,730 SF Living Area | 1,516 SF of Terraces 5 Bedrooms | 6.5 Bathrooms Sold for $2,642.71 Per Square Foot #5 Faena House Unit 6A | Miami Beach | Sold for $13,000,000 Closed on 12/28/2017 4,720 SF Living Area | 1,526 SF of Terraces 5 Bedrooms | 6.5 Bathrooms Sold for $2,754.24 Per Square Foot #6 Oceana Bal Harbour UPH 02E | Bal Harbour | Sold for $14,490,000 Closed on 03/03/2017 6,145 SF Living Area | 4,957 SF of Terraces 3 Bedrooms + Den | 6.5 Bathrooms Sold for $2,358.01 Per Square Foot #7 W South Beach UPH 5 | South Beach | Sold for $10,200,000 Closed on 06/12/2017 2,912 SF Living Area | 690 SF of Terraces 3 Bedrooms | 3 Bathrooms Sold for $3,502.75 Per Square Foot #8 Regalia Unit 37 | Sunny Isles Beach | Sold for $10,100,000 Closed on 02/07/2017 5,515 SF Living Area | 2,085 SF of Terraces 4 Bedrooms | 5.5 Bathrooms Sold for $1,831.37 Per Square Foot If you are interested in learning more about luxury condos in Miami, please contact Broker Associate, Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate and Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman. You may reach Michael directly at (305) 350-9842 or michael@miamiluxuryhomes.com. Disclaimer: The information contained herein was retrieved from the Multiple Listing Service (MLS) on January 2, 2018 and developer floor plans. All information contained herein is for informative purposes only and should not be relied upon without representation.
Monad Terrace Plans VIP Groundbreaking Ceremony and Secures $62.5M Construction Loan Posted on October 17, 2017January 6, 2019 by Michael Light The developer of Monad Terrace, JDS Development, has officially secured $62.5 Million in construction financing for the ultra-luxury condo tower in South Beach, and with construction underway, a VIP Groundbreaking Ceremony is scheduled for October 25th. The construction financing includes $42.5 Million in mezzanine financing from the Vanbarton Group and a $20 Million senior loan from the Bank of Ozarks. Moreover, JDS Development, together with New Valley, invested a fresh $40+ Million in equity to show their deep commitment to this project and secure the construction financing. Construction on the luxury condo project began a few months ago with a process dubbed ‘foundation soil mixing’, provided by Golden Retrofit, where they inject cement into the ground to create the solid, waterproof foundation. The foundation soil mixing is more than 50% complete, and the project is expected to go vertical by March of 2018 with completion slated for Q3 of 2019. You can find more information on Golden Retrofit here – if you’re looking for such a contractor. Monad Terrace is Truly Unique… Monad Terrace is truly an architectural masterpiece composed of only 59 bespoke waterfront residences, including 4 awe-inspiring penthouses-one of which has already been sold, beautifully wrapped around a glittering lagoon on Biscayne Bay, providing natural light indoors that seamlessly flow through the expansive outdoor spaces while being sheltered by climbing gardens. Monad Terrace Residences Glittering Lagoon Each residence at Monad Terrace is strategically oriented to maximize the views, while simultaneously providing privacy. Residences boast 10-foot ceilings, floor-to-ceiling windows, custom oak wood flooring, custom flush doors and a unique black Zeus marble and black mirrored entrance. Gourmet kitchens and bathrooms at Monad Terrace are exclusively custom designed by Ateliers Jean Nouvel, striking a balance of discretion and boldness. Kitchens feature Calacatta Gold marble surfaces, sculptural cantilevered marble islands, mirrored honeycomb glass cabinets and fully-integrated premium Gaggenau appliances. Master bathrooms boast Calacatta Gold marble flooring and slab walls, free-standing soaking tub, steam showers and Vola fixtures, while secondary bathrooms offer floating wood vanities, Sugar Gold marble countertops and concealed lighting and powder rooms feature Verti Capri stone. Monad Terrace also offer bespoke, luxury amenities to effortlessly suit the residents of this creative residential work of art. Amenities include a lagoon fitness and wellness center, exclusive bicycles and paddle boards, residents’ social lounge, café and juice bar, a sun deck overlooking Biscayne Bay that offers a 116-foot-long swimming pool, hot tub and pool service, in addition to 24-hour security, concierge services and full-service valet parking. 1. Remarkable Design by Pritzker-Prize-Winning Ateliers Jean Nouvel When someone first told me about Monad Terrace, my first reaction was that it was just another new condo building in Miami Beach. But, it is NOT…not at all. This development is exceptional. Not only is it designed by Pritzker-Prize-winning Ateliers Jean Nouvel, but it is his only residential project in Florida, and this is important because he is very meticulous about what projects he takes on. By collaborating with JDS Development Group and Miami-based Kobi Karp Architecture & Interior Design, Nouvel was allowed to freely see his true ingenious vision through for this project. Most developers do not allow architects to have free rein with their design, thereby affecting the overall product; however, because Jean Nouvel could fully design this project with little to no pushback, he created a truly unique special development specifically for the area surrounded by Biscayne Bay. “A building must have the vision of its city,” said Jean Nouvel. “In Miami, you have the blue horizon which is beautiful, and you have the downtown skyline across the water which is beautiful. In South Beach, you have nature, composed by architecture.” Nouvel meticulously designed Monad Terrace to embrace the tropical weather and water views that so entice people to live in South Florida. Specifically, Nouvel artfully directs the play of daylight and water throughout the project. “Of course, it’s all about the water. And all the design work is to create a vision framing the lagoon and the bay. And the reason is because there is so much to see, from the lagoon to the bay, to boats at the dock to the skyline of downtown and the sunset and the fantastic view across the water.” Nouvel successfully achieved this by strategically placing high-tech honeycomb screens on the exteriors of the residences to precisely calibrate views and seclusion. Further, the placement of reflecting pools on select residence terraces bounce dappled light deep into living spaces, while the signature water garden—the central lagoon, reflection pools and adjacent swimming pool—draws the feeling of sparkling Biscayne Bay into the heart of the property. Light and water, glass and steel, gardens and façades all combine into what Nouvel has dubbed “the reflection machine”. Pure genius. 2. Flood Proof – 11.5 Feet Above Sea Level & Waterproof Parking Garage Monad Terrace was meticulously designed with innovative climate resilience features and will be the very first new condo tower on West Avenue to meet Miami Beach’s stricter elevation requirements to adapt to our changing climate. For example, the bottom floor of the luxe tower will be elevated 11 and a half feet above sea level, which will far exceed the height of the flood plain. The developer then went further to include a parking garage that will use a “waterproof bathtub” design that will make it flood-proof. 3. Coconut Grove Vibe in South Beach Anyone who knows me, knows that I absolutely love Coconut Grove (I am a resident), commonly referred to as “The Grove.” The Grove is a bayfront, boating community that has a laid-back, Bohemian-style feel amid an abundance of parks, organic lush foliage, historic tree canopies and an assortment of marinas, while also offering an eclectic variety of shopping, restaurants, art galleries and entertainment. Coconut Grove just has an overall different feel than Miami Beach…usually…Monad Terrace has a Grove vibe, which makes it truly unique. Although Monad Terrace is situated in the heart of vibrant South Beach, the architectural intelligence by Jean Nouvel allowed this boutique development to really embrace the natural beauty of South Florida, unlike other developments on the beach. From the placement of native plants throughout including the climbing Bougainvillea gardens, to the utilization of the honeycomb screens to reflect the water and the natural light, the overall design of the building exudes a sense of calmness and relaxation, while maintaining a rich luxurious feel. Sales and Marketing for Monad Terrace If you, or someone you know, are interested in purchasing a luxury condo at Monad Terrace in the heart of South Beach and would like an exclusive presentation of the iconic development, please contact Broker Associate Michael Light, Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman Real Estate and Senior Director of Luxury Sales at Douglas Elliman. 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. Downloads Monad Terrace Residences Brochure Monad Terrace Residences Fact Sheet Monad Terrace Penthouse Residences Floor Plans *Monad Terrace Standard Floor Plans Available Upon Request*
MLH Picks: Today’s Top 5 Miami Pre-Construction Condo Developments Posted on August 18, 2017August 23, 2017 by Michael Light The South Florida pre-construction condo market is constantly changing, so Miami Luxury Homes has picked our Top 5 pre-construction condo developments. These developments are what we consider the best overall buy, which does not mean the cheapest, necessarily. Our top picks are based on an accumulation of traits, such as location, value proposition, long-term value, architect, development team and amenities. Now, also keep in mind, every buyer has a different idea of the “perfect” residence or vacation home, so choosing the right pre-construction development ultimately depends on your wants and needs in a project. So, if you are interested in pre-construction condos, please do not hesitate to call me to discuss what would be the best investment for you specifically, whether you want to buy as a short-term investment or to hold long term. Ok, now let’s get to our top picks… #1 – Park Grove | Coconut Grove One Park Grove Living Room Park Grove, situated on the serene streets of Coconut Grove, topped our list as the best pre-construction condo project to buy today. This ultra-luxury condo development will consist of 3 exquisite towers spanning 6 acres directly on Biscayne Bay, beautifully 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 276 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. Towers 2 and 3 are on schedule to be finished in Q4 of this year (2017) and Tower 1 is estimated for completion in Q4 of 2018. #2 – The Estates at Acqualina | Sunny Isles Beach The Estates at Acqualina Pool Amenities, Amenities, Amenities. Even though The Estates at Acqualina is our 2nd 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 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. #3 – One Thousand Museum | Downtown Miami One Thousand Museum Terrace View The late, legendary starchitect Zaha Hadid really outdid herself on her last residential project One Thousand Museum, which is situated across from Biscayne Bay in the epicenter of Downtown Miami. The innovative 62-story luxury tower is the very first building in the country to use a glass-fiber reinforced concrete shell as the permanent frame for its innovative exoskeleton, which has been shipped in from Dubai. And, although the tower will stand 62 stories, it will actually be a boutique-esque tower as it only consists of 83 residences and will feature over-the-top amenities and services for its residents including an exclusive rooftop helipad, double-height aquatic center, indoor and outdoor pools and spas and so much more. One Thousand Museum is currently under construction at 539 feet above ground as of this week with decking at level 50 marking it at 76% of its final planned height at 706 feet above ground. One Thousand Museum is scheduled to be completed in 2018, and there are only a limited number of the 83 total residences still available at this 6-star luxury condo development. #4 – Monad Terrace | South Beach Monad Terrace Penthouse Residence Brilliantly designed by highly-famed Pritzker-prize-winning architect Jean Nouvel, Monad Terrace is truly an architectural masterpiece composed of only 59 bespoke waterfront residences beautifully wrapped around a glittering lagoon on Biscayne Bay, providing natural light indoors that seamlessly flow through the expansive outdoor spaces while being sheltered by climbing gardens. Each residence at Monad Terrace is strategically oriented to maximize the views, while simultaneously providing privacy. Residences boast 10-foot ceilings, floor-to-ceiling windows, custom oak wood flooring, custom flush doors and a unique black Zeus marble and black mirrored entrance. Gourmet kitchens and bathrooms at Monad Terrace are exclusively custom designed by Ateliers Jean Nouvel, striking a balance of discretion and boldness. Kitchens feature Calacatta Gold marble surfaces, sculptural cantilevered marble islands, mirrored honeycomb glass cabinets and fully-integrated premium Gaggenau appliances. Master bathrooms boast Calacatta Gold marble flooring and slab walls, free-standing soaking tub, steam showers and Vola fixtures, while secondary bathrooms offer floating wood vanities, Sugar Gold marble countertops and concealed lighting and powder rooms feature Verti Capri stone. Monad Terrace also offers bespoke, luxury amenities to effortlessly suit the residents of this creative residential work of art. Amenities include a lagoon fitness and wellness center, exclusive bicycles and paddle boards, residents’ social lounge, café and juice bar, a sun deck overlooking Biscayne Bay that offers a 116-foot-long swimming pool, hot tub and pool service, in addition to 24-hour security, concierge services and full-service valet parking. If you are looking for a trophy penthouse in South Beach for a reasonable price, then you definitely have to check out PH-A at Monad Terrace, which is truly a one-of-a-kind, spectacular residence offering 4,863 square feet of elegant interior living space with soaring double-height ceiling heights up to 18 feet and floor-to-ceiling glass throughout with direct bay, lagoon and ocean views. This penthouse also offers 5,196 square feet of multi-level outdoor living space including a private elevated rooftop with a hot tub, pool and a pergola to perfectly shade the outdoor lounge, dining and kitchen areas amid lush organic foliage. #5 – Turnberry Ocean Club | Sunny Isles Beach Turnberry Ocean Club Duplex Residence Turnberry Ocean Club literally has the mother of all amenities…private jet parking. As an owner at Turnberry Ocean Club Residences, you will enjoy access to the Fontainebleau Aviation facility, located at the Opa-Locka Executive Airport (OPF) in Miami offering extraordinary luxury, attention to detail and comfort that are synonymous with the celebrated Fontainebleau name. Owners will enjoy privileges at Fontainebleau Aviation that include priority access and services, access to aircraft maintenance, aircraft detailing, full-service concierge on site to accommodate all catering and transportation needs and discounted fuel services and aircraft parking rates…the perfect complement to the ultra-luxury oceanfront lifestyle available only to residents at Turnberry Ocean Club. Turnberry Ocean Club is a stunning, modern glass tower soaring 54 stories with only 154 large and exclusive residences on 48 residential floors. Further, The Residences at Turnberry Ocean Club will be Miami-Dade’s first and only lavish oceanfront tower offering 6 full floors (~70,000 square feet) of private (YES, PRIVATE) amenities, including the exquisite $100 Million “Sky Club,” catering to only 154 residences, providing residents with a truly unique, unparalleled lifestyle experience. Created by Beach Club Acquisition LLC, an affiliate of Turnberry Associates, which is America’s premier real estate developer led by CEO Jeffrey Soffer, Turnberry Ocean Club offers expansive residences ranging in size from 2,900 square feet to 10,750 square feet offering 3 to 6 bedrooms plus family rooms and full-service staff quarters. Each residence boasts 11+-foot-deep oceanfront terraces with summer kitchens and private pools and hydrotherapy spas in select residences. Each home features direct stunning views of the Atlantic Ocean and Biscayne Bay providing unmatched sunrises and sunsets. Turnberry Ocean Club broke ground on November 15, 2016. Turnberry Ocean Club is estimated for completion in Q4 of 2019. Interested in Purchasing a Pre-Construction Condo in Miami??? If you, or someone you know, are interested in a pre-construction condo investment, please contact Michael Light, Broker Associate and Director of Luxury Sales at Douglas Elliman Real Estate. You may reach Michael at (786) 566-1700 or michael@miamiluxuryhomes.com. Disclaimer: The information contained herein is a matter of opinion and for informative purposes only, and should not be solely relied upon in your decision-making process to purchase real estate.