Sales Launch for Twenty Nine Indian Creek in the Faena District Miami Beach
JMH Development has officially launched sales for Twenty-Nine Indian Creek Condos, a boutique collection of only 11 private residences will rise at the nexus of Indian Creek Drive and Collins Avenue in the heart of the thriving Faena District in Miami Beach.
Twenty-Nine Indian Creek will reflect timeless sophistication and serve as an emblem for historic preservation, with architecture, interiors, and landscaping designed by renowned firm Urban Robot. The seven-story modern structure will house eight three-bedroom residences and one sprawling full-floor penthouse with an expansive wraparound terrace and panoramic views.
The development site is home to a 1930s Art Deco structure that has been hidden from public view for nearly 60 years. JMH Development will restore and relocate the structure to harmoniously integrate the past and present, resulting in two sprawling townhomes that will pay homage to the inherent design qualities of its former era.
Each elegantly appointed residence, ranging in size from 1,750 to 4,800 square feet, is designed to maximize space and seamlessly connect to the outdoors, with sweeping floor-to-ceiling windows and doors allowing in an abundance of natural light. Spacious terraces with iconic, undulated railings showcase exquisite craftsmanship that continues indoors – with meticulous attention to detail.
Gourmet chefs’ kitchens feature bone white lacquered custom cabinetry, Miele appliances with wine storage, and marble countertops and islands. Freestanding soaking tubs, dual vanities, honed flooring, and premium Hansgrohe fixtures are among the indulgent features found in spa-inspired bathrooms. Townhomes have double-height great rooms that are 18 feet tall, as well as private terraces with landscaped gardens and a summer kitchen.
Residents will enjoy a palm-tree shaded pool deck with daybed lounge chairs and tanning areas, a summer kitchen with barbeque and dining area, an outdoor shower, and direct access to a dedicated beach club. The Art Deco-inspired geometrical design of the building is complemented by lush landscaping with terraced walls and cascading greenery, water features, and a natural color palette, creating an immediate sense of serenity.
Twenty-Nine Indian Creek will be located in the city’s most vibrant neighborhood, allowing residents to easily explore world-class dining, hospitality, and cultural institutions such as the Faena Hotel and Faena Forum, The Miami Beach Edition, the upcoming Aman Miami Beach, and Bvlgari Hotel.
Prices range from $2.5 million to $10 million, with construction set to begin in Spring 2023 and completion expected in Q1 2025.
If you or someone you know have an interest in purchasing at Twenty-Nine Indian Creek, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
First Rendering Revealed of New Supertall Tower by Major Food Group-Major Residences
JDS Development Group has partnered with Major Food Group to build one of the tallest residential towers in Brickell. Today, the developer has released the first official rendering along with some construction updates.
The project (now renamed 888) will be located at 888 Brickell Avenue with 259 branded units. Rising 82 stories or 1,049 feet tall and just over 1 million square feet in, this will be Major Food Groups’ first residential project.
Studio Sofield is the architect designing the tower, lobby, and units. Ken Fulk Inc. will be responsible for the club, food, and beverage spaces.
With Major Food Group expansion in South Florida with Carbone, ZZ’s, and many more, you can expect to have 2 to 3 Major Food Group restaurants and bars.
Major Food Group has more than 30 restaurants, clubs, and hotels in the United States and overseas. This project is currently being reviewed by Miami-Dade planners for approval.
There are currently 8 supertall towers planned for Miami including:
Developer Launches Sales for La Baia Condos in Bay Harbor Islands
Welcome to La Baia Condos located in Bay Harbor Islands. It’s one of the newest pre-construction developments that has recently launched sales. Located at 9201 E. Bay Harbor Drive, this waterfront tower will feature a private marina just steps from your new luxury condo!
Developed by Bruce Eichner, La Baia will rise 8 stories and will feature 68 luxury condominiums. Units will feature 1 to 4 bedroom options with 1,100 square feet to 2,500 square feet floor plans. Pricing for these units will begin at $810,000.
La Baia will also feature 30,000 square feet of amenities, which include a rooftop amenity deck, lounge with a bar, spa, fitness center, teen’s gaming center, dog grooming center, and marina. The marina itself will feature 20 private boat slips.
La Baia was designed by architect Luis Revuelta with Boston-based Suffolk Construction as the general contractor. Eichner is building a second tower at 9461 E. Bay Habor Drive.
Residence Features
1 to 4 bedroom options
1,100 to 2,500 square feet
Residences will be fully finished and furnished
9 to 10-foot ceilings
His and her walk-in closets
Balconies with glass railings
Underground parking spots for each owner
Custom Italian cabinetry by Snaidero
Miele appliances
Quartz stone countertops
Hansgrohe fixtures
Primary bathroom features marble flooring and rainfall showers
Tower Features
Private 20 boat marina
Scenic walkways
30,000 square feet of amenities
Rooftop amenity deck
Lounge with a bar
Spa
Fitness center
Teen’s gaming center
Pet grooming center
Eichner is requiring a 40% deposit on the units with additional payments throughout construction. Groundbreaking is set for early Spring of 2022 with a completion date of November 2023.
Total Number of Transactions Increased for this Week’s Miami Dade Condo Sales
Over the past few weeks, we have seen a steady incline in overall condo sales including volume and number of sales. This is of no surprise with the increase of companies, execs, and people taking up residency in Miami-Dade County.
Coming in at $123 million, this week’s condo sales volume increased from $85.3 million in the week prior. The total number of sales has risen to 198 for this week, up from 128.
The average price for condo sales reached $622,000 which has actually decreased from $666,000 then the week prior.
Leading this week’s condo sales in a luxury unit at Continuum South Beach that sold for $8 million or $2,708 per square foot. This luxury property located at 100 S Pointe Dr. Unit #3507 was sold to tech entrepreneur Hari Ravichandran, who is the CEO of Jump Ventures and Aura.
Last week’s highest condo sale was lead by Lucas Lechuga (Luxe Living Realty-Miami Condo Investments) with the sale of a Setai Miami Beach condo that sold for $12.3 million.
The sale coming in second includes a luxury unit at Palazzo Della Luna on Fisher Island. The property sold for $7.5 million or $2,045 per square foot and was on the market for 324 days. Luxe Living Realty’s Dora Puig represented the seller.
$12.3 Million Setai Sale Leads Miami Condo Weekly Sales
Sales for Miami-Dade once again surged this past week with the most expensive condo sale closing at Setai Miami Beach. According to the MLS, residential sales totaled $2.7 billion for all of July 2021, reaching 67 percent higher than the previous year.
Condo sales totaled a staggering $148 million compared to last week’s $131 million. The previous week’s volume rose from 208 to a total of 226. The average condo sales price also rose from $632,000 to $640,500.
The most expensive condo sale that occurred was a luxury condo at Setai, which sold for $12.3 million. After 39 days on the market, the unit sold for close to $3,391 per square foot. Our very own, Lucas Lechuga brought in the buyer for this property.
The second-highest and fewest days on the market condo sale occurred at One Thousand Museum for $5.6 million at $1,212 per square foot. This property was on the market for 1 day.
July Sales
Residential sales rose 58% in July with 3,632 closings, which consist of mostly condominium transactions. Single-family sales increased by 15% to 1,373 and condo sales increased by 104% to 2,259 sales.
The luxury market also experienced a leap in sales rising 110% for single-family homes compared to July 2020. For luxury condo sales, an increase of 323% compared to last July.
Modera Biscayne Bay Construction Nears Completion with Resident Occupancy Beginning in August 2021
Modera Biscayne Bay in Edgewater is a 28 story tower that has neared completion. Construction originally began in 2019 but was delayed due to the pandemic. The tower topped off construction in May and began pre-leasing shortly after.
According to the developer, Modera has leased 45% of its units within the first month of pre-leasing. Starting in August, the new residents can begin to move in.
Rising 28 stories, Modera Biscayne Bay is located at 2150 N. Bayshore Drive in Edgewater. Modera is set at a prime location near shopping, dining, and entertainment. According to Mill Creek Residential, the project will include a new walking connection from Bayshore Drive to 22nd Street underneath Modera.
Mill Creek Residential is the developer for this project and Corwil Architects is responsible for the design.
The mixed-use tower features 296 apartments, 11,000 square feet of retail space, and an 8-story parking garage with 425 spaces.
Building Amenities:
ROOFTOP HOTEL-INSPIRED POOL
27TH FLOOR BAY VIEW OUTDOOR TERRACE
CLUBROOM WITH DEMONSTRATION KITCHEN, GAME AREA, PRIVATE LIVING AND DINING AREAS FOR ENTERTAINING, AND SEPARATE CATERING KITCHEN
CLUB-QUALITY FITNESS CENTERYOGA/PILATES STUDIO WITH VIRTUAL FITNESS CLASSES ON DEMAND
UNOBSTRUCTED VIEWS OF THE OCEAN IN THE LOUNGE
OUTDOOR GRILLING AREA
INTERNET LOUNGE AND PRIVATE OFFICES
CONFERENCE ROOM
GOURMET COFFEE BAR
24-HOUR SELF-SERVICE PACKAGE LOCKERS
ADDITIONAL STORAGE
BIKE STORAGE
PARKING GARAGE
PET SPA
Residence Features
1-, AND 2- AND 3-BEDROOM APARTMENT HOMES (DEN AND PENTHOUSE ALSO AVAILABLE)
QUARTZ COUNTERS WITH TILE BACKSPLASHES IN THE KITCHEN
STAINLESS STEEL ENERGY STAR APPLIANCES
TILE FLOORING
FULL-SIZE WASHER AND DRYERKEY FOB ENTRY SYSTEM
BAY VIEW BALCONIES
WIFI PROGRAMMABLE THERMOSTATS
WALK-IN CLOSETS WITH MASTER CLOSET LUXE UPGRADES
WINE STORAGE
BUILT-IN SHELVING AND DESK AREAS
MOVABLE ISLANDS
15-FOOT CEILINGS
DOUBLE VANITIES
For more information on Modera Biscayne Bay or any other towers in Edgewater, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
