CondoVultures.com analysis of the 1st quarter of 2013 revealed that 600 new South Beach condos are not yet sold. These are the vestiges of South Florida’s last boom. The units are selling at an average of only 2 units per month as the prices increase. Compared to the fourth quarter of 2012, the average price […]
Tag Archives: condo
Edition condo sells for $6M
The Edition, a 26-unit John Pawson-designed combination condo-hotel, is scheduled to open in 2014. The project highlights 26 condo units ranging from one-to-four bedrooms, on the top two floors of a 250-room hotel. $6 million was the prize of a 2,000-square-foot two-bedroom condominium in The Edition. The Edition launched sales in January. Last month, Coldwell […]
Marina Palms Yacht Club unveils penthouse units
Four penthouse units are now available in the Marina Palms Yacht Club. Their prices will start from $1.9 million ($850 per sq. ft.) and ranges from 2,200 to more than 4,300 sq. ft. Location will be at 172nd Street and Biscayne Blvd. Amenities consists of infinity-edge pools, butler service, a spa, club room, a gym, […]
Downtown Miami to get new loft-style condo tower
There is a loft-style condo tower that is being planned to be built at 151 SE First Street in Miami’s Central Business District. This will be a 36-story, 352-unit condominium including very small units and cool lofts with a restaurant on the ground floor, as described by Harvey Hernandez representing Newgard Development Group planning the […]
97 percent financing available at downtown Miami condo project
97% of financing is now accessible for some Downtown Miami condominiums and marks that the recession is finally falling behind. Just for example, the developers of a 33-story condominium project, 4 Miami Midtown located at 3301 NE 1st Avenue in Miami, also has this program. Unit starts as low as $267,000 at the high rise […]
200 East sees $14.5M in sales
200 East, a luxury condo in Boca Raton, now could identify resales totaling almost $14.55 million or 14 sales since November last year. This brings the building tenancy to almost 90% complete. There is now only a remainder of 5 units in the 115-unit building.
New $300M condo-hotel to rise in Miami
A new 133-room hotel will be co-owned by Sam Nazrian (a Los Angeles nightclub entrepreneur) and Jorge Perez (developers of the Related Group). It is going to cost $300 million SLS Brickell-brand condo-hotel to rise in Miami. Location will be at 1300 South Miami Avenue and is anticipated to open at 2015. Cost per square […]
One Thousand Ocean divides penthouse for $5.9M
One Thousand Ocean condominium under Boca Raton was divided into two penthouses under the request of the buyer. The couple liked the place but realized it was too large for them. The other half was just $5.9 million and was already concluded, making the building accomplish a stunning 89% occupancy. The unit stayed as customizable […]
Hadid-designed Miami condo project gets name and marketing team
One Thousand Museum is the name of the new Zaha Hadid-designed Miami condominium project. Developed by Gregg Covin and Louis Birdman, the condo tower’s sales will privately be conducted by ONE Sotheby’s International Realty marketing team. Situated at 1000 Biscayne Boulevard, the tower will be Pritzker Price-winning architect’s foremost residential high-rise building in the […]
BH3 nabs mixed-use 1805 Ponce units
A 15-story limestone residential and commercial condominium was finally acquired by BH3 (A real estate focusing on South Florida and New York). Located at 1805 Ponce De Leon Boulevard in Coral Gables, this building includes 11 boutique office condo units from 2,182 to 5,444 sq. ft., 13 retail and office condo units ranging from 1,231 […]