Miami's 10 Hottest New Condo Developments
Developer: Louis Birdman and Gregg Covin, partnered with the Regalia Group
Address: 1000 Biscayne Blvd
Units sold: 42 (50%)
The smallest of the Hot 10, but with completion still more than a year away, half its units are sold at the architect Zaha Hadid-designed property.
Developer: Property Markets Group
Address: 1451 Brickell Ave
Units sold: 164 (91%)
A decidedly opulent development, but one thing it isn't going to have is the proposed shark tank.
Developer: Daniel Kodsi
Address: 851 NE 1st Ave
Units sold: 175 (35%)
In some ways, this major mixed-use development is the most remarkable property on the list. It won't be completed until 2018—and yet it's 35% sold already.
Developer: Related Group
Address: 850 S Miami Ave
Units sold: 266 (80%)
Part 2 of Related Group's amenity-laden development, it includes a sustainable community garden, designed by seed-to-table pioneer Dylan Terry as an edible work of art. This fall Related cut the deposit requirement for the property, a sign of some sluggishness in the market.
Developer: Rilea Group and MDR Toledo
Address: 1080 Brickell Ave
Units sold: 307 (95%)
The developer reports that nearly all of the units sold in six months, with buyers coming from 25 countries. Some buyers clearly aren't afraid of a strong dollar.
Developer: Related Group
Address: 850 S Miami Ave
Units sold: 340 (95%)
The east tower of the development went on the market ahead of the west tower, so as not "to flood the market with too much product at once." It's mostly sold now, and the west tower is catching up.
Developer: Related Group
Address: 1100 S Miami Ave
Units sold: 382 (100%)
Not only are the condos hot at 1100 Millecento, but a group of South American investors purchased 17.5k SF of ground-floor and mezzanine retail earlier this year.
Developer: Lynd Co
Address: 999 SW 1 Ave
Units sold: 390 (100%)
It was to have been Sky Palace at Mary Brickell Village during the last cycle, but that didn't pan out, and then a rental property, but finally it became condos that sold rapidly.
Developer: Related Group
Address: 801 S Miami Ave
Units sold: 400 (89%)
The development has also reduced its required deposit this fall, to get the last of the units sold.
Developer: sbe and Related Group
Address: 1300 S Miami Ave
Units sold: 444 (98%)
In terms of number of units sold, SLS Brickell is the hottest new condo development in Miami, with almost everything sold even before groundbreaking.
