- The Hamptons
- Las Vegas
- Los Angeles
- New York
- Orange County
- Palm Beach
- San Diego
- San Francisco
- Silicon Valley
- Washington, D.C.
The Sky's the Limit
By Drew Limsky | Photo: Main photo courtesy of Monad Terrace | July 24, 2018
South Florida is a glittering forest of residential towers that reflect some of the finest design talent in the world. One of these nests in the sky can be your new home.
NUMBER CRUNCH: 6 PERCENT
Miami-Dade property owners may want to pop the Champagne, as property values grew 6 percent as measured at the start of 2018. Broward—with less inventory than Miami-Dade because the county to the north saw less of a construction frenzy in the last few years—did even better, with a 7.7 percent increase in home values. Savvy homeowners might want to consider renovations, additions and enhancements on the back of those rising values: A cash-out refinance can help you reinvest in your abode; this type of re-fi replaces your existing mortgage with a brand-new home loan for more than you owe on your house. The difference is handed back to you in cash, which can translate to a new kitchen, bath or swimming pool.
Brickell will continue to lure millennials with entry-level luxury.
As young professionals aged 20 to 44 account for half the population of downtown Miami, and with Brickell holding strong as Downtown’s most populous neighborhood, it’s little wonder that the spires keep rising here. With development by Habitat, interiors by Arquitectonica and a building designed by Hernando Carrillo with the renowned Gensler architectural firm consulting, Smart Brickell is poised to up the Brickell ante for this sought-after demographic. The millennial appeal is undeniable, as owners of the 50 residences will enjoy true 21st-century features and flexibility. Tech elements will include Nest thermostats, Lifx Wi-Fi-enabled LED smart bulbs, Amazon Echo/Alexa home and personal assistant, and keyless residential entry via smart lock system. Want more? The Concierge app means that every resident will always be in control via smartphone, and they can juice up their electric cars with car charging stations. In terms of financial flexibility, Smart Brickell will provide an almost unheard-of trio: Units can be rented 24 times per year, units are approved through Airbnb’s platform, and owners can take advantage of an annual lease-back option. Beauty will go hand in hand with the building’s tech attributes: Look for resort-style pools and kitchens equipped with Bosch appliances and custom Italkraft cabinetry. Cervera Real Estate is the exclusive sales and marketing agent for the project, which is slated to open in the third quarter of 2020 with pricing starting at $318,000. One- and two-bedroom residences range in size from 558 to 1,117 square feet.
Fort Lauderdale’s first Four Seasons breaks ground.
April saw the hotly anticipated groundbreaking of the Four Seasons Private Residences Fort Lauderdale. Such is the prestige of the brand that Fort Lauderdale Mayor Dean Trantalis was on hand to celebrate the first Four Seasons in the city as Jay Parker, CEO of the Douglas Elliman Florida brokerage, spoke at the event. Elliman is handling sales of the oceanfront property, which features 90 residences from one to four bedrooms (priced from $3.1 million). Units will range from 780 square feet to more than 6,000 square feet—plus a trio of two-story Sky Homes boasting dramatic 20-foot ceilings. Designers who landed the plum interior assignments include Tara Bernerd, Kobi Karp, Martin Brudnizki and Fernando Wong.
Aria on the Bay is sure to up the glam quotient on Bayshore Drive.
For the first time, Morada Haute Furniture Boutique, the incomparably stylish Miami branded showroom, is outfitting a residential tower (lobby, party room and model unit), and what an entrance into the market it is: Aria on the Bay, the Miami tower designed by none other than Arquitectonica. Once sales and construction launched in 2015, headlines followed: Baseball superstar Giancarlo Stanton, the Yankee slugger who was recently named the National League’s Most Valuable Player, bought one of Aria’s triplex penthouses in 2017. He’s not the only celebrity to bet on Aria—Grammy Award-winning record producer and rapper Timbaland purchased two units at the building late last year. With Melo Group as the developer, Cervera Real Estate is the exclusive sales agent; more than 90 percent of the development’s 648 units have been purchased by buyers from more than 42 countries around the world. Remaining units currently available for sale include a range of one- to four-bedroom condos priced from the $400,000s to $1.8 million.
DOUBLE THE VIEW
A spectacular two-story penthouse will tower over Fort Lauderdale.
Penthouse 4603 in 100 Las Olas promises to be one of the most stunning aeries in South Florida when the building opens at the end in 2019. Kolter Urban and OneWorld Properties are releasing the only two-story penthouse new to the market in the Downtown area, priced at $5.999 million and featuring 5,154 square feet of living space. Containing four bedrooms, a den, and four and a half baths, the penthouse spans the top two floors (45th and 46th) of Fort Lauderdale’s tallest building. Award-winning firm Simeone Deary and celebrated Palm Beach designer Bob Martin collaborated to create the interiors for the undulating glass and steel tower, which will be home to 121 residences, 238 hotel rooms, fine dining and retail.