Groundbreaking for Onda Residences Officially Scheduled

The long-awaited Onda Residences has officially set a groundbreaking date for the beginning of November. According to a press release, the groundbreaking will take place on November 3 at 10:30 am located at 1135 103rd Street in Bay Harbor.

'Onda Residences will rise 8 stories tall along the shore of Bay Harbor Islands. The tower is designed by award-winning architect Bernardo Fort-Brescia that will harness Italian-style finishes.

'Onda' itself in Italian means wave, and that's exactly the effect the tower will have once seen off the shore. Developers include Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties. The lush landscaping will be designed by Enzo Enea who is responsible for the projects One Ocean and Icon.

This boutique waterfront tower will provide more than 300 feet of bay frontage with a private marina and views of Biscayne Bay and the Atlantic Ocean. The 41 luxury residences feature 2 + den to 4 bedroom options from 1,809 to 3,523 square feet floor plans. There are also 4 penthouses currently available as well.

Construction Information

• Developers: Ugo Colombo and Valerio Mortabito
• Interior Design: Carlo y Paolo Colombo
• Architect: Bernardo Fort-Brescia

Residence Amenities

• 2 Bedroom + den (1,809 square feet) to 4 bedroom + den (3,523 square feet)
• 4 penthouse options
• Spacious terraces available

Amenities

• Private Marina with 15 boat slips ranging from 36 to 60 feet
• Direct ocean access through Haulover inlet
• Watersports launch dock with available kayaks, paddleboards, and inflatables
• Covered valet drop-off
• Personal parking spaces in a fully enclosed garage
• Electric vehicle charging stations
• Bicycle storage
• Secured individual residential storage space
• Front desk reception
• 24-hour security video surveillance
• 24-hour valet
• Wi-fi available throughout all public spaces
• FTTH (fiber to the home) for voice, video, and high-speed internet
• Integrated digital concierge

Pricing

• Price ranges from $1.8 million to $9.5 million
• HOA is $1.29/sf
• Deposit Breakdown:
  • 10% with Reservation
  • 10% at Contract
  • 10% at Ground Breaking
  • 10% at Top Off (summer 2022) /
  • 60% at Closing

Construction is expected to be complete in early 2023. Onda is also at 60% pre-sold and a majority of the buyers are domestic.