Tag Archives: construction loan

2900 Biscayne Blvd, Miami NEMA Miami

Construction Permits Filed for NEMA Miami

2900 Biscayne Blvd, Miami NEMA Miami

In the wake of Miami’s construction boom, it is of no surprise that another tower will be underway soon. Plans for NEMA Miami were originally announced in February 2020 with plans to break ground earlier this year. The permits for this tower were finally filed this week with an anticipated groundbreaking mid to late August 2021.

Located at 2900 Biscayne Boulevard, NEMA Miami will rise 39 stories high at 428 feet high with plans of 588 apartments. There will be an additional 56,000+ square feet of retail space with a potential organic grocery store occupying a portion of the space. Located at the edge of Wynwood and Edgewater, NEMA will be centrally located close to the Design District as well as Brickell.

NEMA Miami will be Designed by Arquitectonia and the Rockwell Group, and developers include Crescent Heights. Crescent Heights have been responsible for all of NEMA towers.

The design appears to be a more modern style with a glass exterior reflecting the Miami sky. According to their website, “no two NEMA’s are alike,” and that their designs represent the culture of the neighborhood that they are located.

NEMA Miami Renderings

Tower amenities for NEMA include club benefits when traveling, guest suites, NEMA events, a full-service fitness center, a sky deck pool, and much more!

Residence Amenities:

  • Expansive floor-to-ceiling windows
  • 9-foot-high ceilings
  • 6-inch-wide plank floors
  • Acoustic solid wood core doors
  • Lutron Caseta lighting and ecobee3 thermostats
  • 30-foot-long recessed balconies*
  • Extra den or office space*
  • Blackout and sheer thermal shades*
  • Custom-designed David Rockwell kitchen pendant
  • Kitchen island*
  • Chicago-sourced custom cabinetry featuring soft closures and dimmable lighting
  • Caesarstone countertops and seamless backsplashes
  • Blomberg stainless steel gas range and paneled dishwasher
  • Baths with polished chrome Hansgrohe fixtures and Duravit sinks
  • Dual vanity bathrooms*
  • Full-size washer & dryer in every apartment
  • Walk-in closets*
  • Customizable Elfa closet organization
  • Keyless entry via NEMA fob card or mobile app *Select residences.

The estimated construction costs for this project is $165 million.

Estates of Acqualina Sunny Isles Beach

Construction Update -Estates of Acqualina Tops Off Construction

Estates of Acqualina Sunny Isles Beach

The Estates of Acqualina is a new ultra-luxury condo development currently under construction in Miami. Located at 17895 Collins Avenue, this two-tower condominium tower will comprise of 245 residences with 154 units in the south tower and 91 units in the north tower.

Estates of Acqualina

The incredible location on 5.6 acres features 502 feet of private beach access. Developer GSF Acquisition, LLC., includes Eddie, Jules and Stephanie Trump (not related to Donald Trump), also developed Acqualina and the Mansions at Acqualina in Sunny Isles Beach, Florida.

Estates of Acqualina Sign with Developers Names

This new development will feature three to six-bedroom floor plans ranging in size from 2,917 to 5,573 interior square feet plus terrace. Pricing will range from $4,750,000 to $59,000,000.

Jules and Stephanie Trump Developers of Estates of Acqualina

Today, construction just topped off on the entire development while hosting a ceremony to mark the special occasion. In attendance was Jules Trump and wife, Stephanie. The development is scheduled for completion in 2022.

Una Residences Miami

Oko Group Obtains $128 Million Loan to Finish Construction on Una Residences

Una Residences Miami

Oko Group and Cain International, developers for Una Residences, have just obtained a loan of $128 million to complete the construction. As of April 2021, $76 million in pre-sales have been recorded with a majority of domestic buyers. The tower is at 72% sold with 2 exclusive penthouse residences left for purchase in the tower.

UNA Residences Construction Overview

The loan was brokered by Walker & Dunlop with representing law firms Weil Gotshal & Manges and King & Spaulding.

According to the CEO of Oko Group, Vlad Doronin stated, “Miami’s increasing global appeal is drawing families to live and businesses to invest in high quality real estate, particularly rare and exclusive offerings such as Una Residences; one of the last opportunities to buy a waterfront property in one of Miami’s most desirable neighborhoods.”

UNA Residences-View from Biscayne Bay.

This tower will feature 47 stories of 135 units located at 175 S.E. 25th Road on 1.04 acres right up against Biscayne Bay.

BUILDING FEATURES

  • 135 luxury condominium residences
  • Iconic 45-story waterfront condominium
  • 2 to 5 bedroom residences ranging from 1,100 to 4,786 sq ft
  • Unobstructed views of the Atlantic Ocean, Biscayne Bay, and the city skyline
  • High-efficiency and noise-reducing floor-to-ceiling exterior glass
  • Three levels of underground parking

RESIDENCE FEATURES

  • Private elevator entries into each residence
  • Expansive terraces with effortless “lift-and-glide” floor-to-ceiling doors and glass balcony railings
  • 10’8″ ceiling heights, above Miami standard
  • Chef’s kitchens with Gaggenau ovens, electric induction cook tops, microwaves, dishwashers, and refrigerators/freezers
  • Master suites with separate his and hers closets and bathrooms
  • Utility rooms with full-sized washers and dryers
  • Flow-through residences with east-to-west ocean and city exposures on the top floors
  • Two penthouses, each with a private pool and 11’7″ to 12’4″ ceilings

AMENITIES

  • Bayfront pool
  • Outdoor lap pool
  • Family pool
  • Jacuzzi
  • Catering kitchen
  • Kids’ splash-pad area
  • Owners’ lounge
  • Private dining/party room
  • Movie theater
  • Kids’ playroom
  • Outdoor lounge
  • Baywalk access
  • State-of-the-art fitness center, with yoga and personal training areas, plus his and hers dressing rooms
  • Private marina
  • Spa with steam room and sauna, as well as indoor and outdoor private massage treatment rooms overlooking the bay
  • Dedicated beauty suite for private hair styling, manicure and pedicure appointments
  • Beautifully landscaped outdoor terraces
  • Dog-walk area
  • Private air-conditioned storage areas

SERVICES

  • 24-hour concierge service
  • Combination of valet service and self-parking
  • Package room

The ground breaking was in May 2020 and the 47-story tower is expected to be complete in 2023. For a construction update, click here.