Unafraid of Market Slowdown, Colombian Developer Proposes Naranza at Edgewater

August 8, 2016

Ay dios mio! The Miami real estate market is in the doldrums and yet, hey this is Miami, where out-of-towners come to live out, and build, their flights of fancy. Hey, we don’t judge. Introducing Naranza at Edgewater, a 137 unit, 20-floor condo tower being launched in August by Colombian developer Prodesa. The building is at a site on NE 31st Street, East of Biscayne Boulevard, and immediately behind the Related Group’s Paraiso megaproject, which means the copious bay views in the project’s renderings (above and below) won’t actually exist. Sorry Charlie.

It’s being designed by Arquitectonica, and comes with the standard crop of amenities, including gym, clubroom, spa, and pool on the 6th floor amenity deck, and a roof deck up on the 20th. Anywho, according to Fortune International Realty, which is handling the sales, pricing is the least expensive per square foot available in Edgewater. 1 bedroom units start somewhere in the $300,000s.  However, those 1-bedrooms are a rather smallish 650 square feet. Units range from there to larger corner two-bedroom units, with dens, in the high $500k. So, is it a bargain? You decide.