Related Group has started pre-construction sales of condos at the Auberge Residences & Spa Miami at lower prices than many rival condominium developments. Auberge Miami is a 60-story, 290-unit building that Related plans to build at 1400 Biscayne Boulevard in Miami, near the Adrienne Arsht Performing Arts Center.
It is the initial phase of a three-tower project that would have 1,430 units and 13,280 square feet of retail space. Carlos Rosso, president of Related’s condo division, said the company is selling Auberge Miami units at an average price of $575 per square foot. Many condo developments in downtown Miami are selling at unit prices exceeding $700 per square foot.
“We weren’t planning on launching this job, but we had partners that said, ‘We don’t mind making a little less profit for the lower price. We want to get closer to getting the [construction] loan,” Rosso said. “It was a unique situation.”
He also said the first five days of sales produced 50 unit reservations, and Related needs reservations for 60 percent of the units, or 174 of them, to obtain construction financing and break ground. Related requires a 50 percent deposit to reserve a unit at Auberge Miami, 10 percent initially and the rest in stages as the development advances. Units at Arquitectonica-designed Auberge Miami range in size from 515 square feet to 1,964 square feet.
“Gran Paraiso and SLS LUX are suffering because we are going out at a great price on this project [Auberge Miami]. But we are fine with that because at those other jobs we already have met our pre-sales,” Rosso said. “Now if you sell condos, it has to be at an attractive price.”
Building
Auberge Miami boasts a prime downtown location, placing it steps from cultural and social landmarks such as the Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami (PAMM), American Airlines Arena, and the Patricia & Phillip Frost Museum of Science. It is also minutes from such vibrant sections of Miami as the Design District, Midtown, and Wynwood, all chief destinations for the finest in shopping, dining, and culture.
Designed by the lauded firm Arquitechtonica, the 60-story tower has a unique angled façade ensuring views of the Biscayne Bay from the living room and master bedroom of most residences. The dramatic doubleheight lobby and other interiors feature the work of celebrated Italian designer Piero Lissoni, with outdoor spaces by award-winning Swiss landscape architect Enzo Enea. Museum-quality artwork by noted artists Jaume Plensa, Julio Le Parc, and Fernando Botero make the building’s common areas anything but.
Designer Suites
Managed by Auberge Hotels, ninety Designer Suites strive to bring urbane Miami visitors to new heights. Tasteful, striking interior design brings together elegant furnishings with notable works of art in these fully equipped suites. Guests can work with staff to customize the specifics of their stays however desired, elevating the experience to a new level of luxury.
Guests of the Designer Suites also reap the benefits of a dedicated concierge staff prepared to tackle any and all needs that might arise – crucial in one’s home away from home. The building’s thorough selection of amenities and features, including the fitness center, spa, pool deck, and more, are available to guests, ensuring that every visit is free ofstress and bountiful with opportunity
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The newest luxury true Oceanfront Condominium on Fort Lauderdale Beach, Florida, the Two tower (north 17 story – south 20 story) contemporary glass buildings will feature 171 expansive residences, all with private elevator access. Auberge Beach Residences & Spa Fort Lauderdale will front 450 feet of pristine sandy beaches on the Atlantic Ocean and affords each residence spectacular and unobstructed ocean views.
Ideally located in the North End of Fort Lauderdale Beach, Florida at 2200 North Ocean Boulevard, the property is minutes away from all that Ft. Lauderdale and Miami and have to offer, with some of the area’s premier destinations within minutes from the site. From world-class dining and shopping at the Galleria Shops and Las Olas Boulevard, to museums, theaters, Fort Lauderdale/Hollywood International Airport, Port Everglades and the idyllic beachfront site also offers proximity to exciting city life.