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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.”
China Vanke sure is receiving some unwanted attention these days. The world’s largest property developer — with stakes in New York properties like the Bush Tower and Aby Rosen’s 100 East 53rd Street — is fighting a takeover attempt from Baoneng Group, a privately-owned Chinese property-to-finance behemoth. Baoneng is China Vanke’s largest shareholder at 22 percent.Vanke will issue more shares in an asset restructuring in an attempt to reduce Baoneng’s power, the Wall Street Journal reports.So who would gobble up newly-issued shares? State-owned China Resources Group, with a 15 percent stake in Vanke, could potentially step up, according to the Journal.However, with Vanke’s stock having soared 68 percent in the past month, any new investor would likely receive a discounted rate. And a discount would certainly upset existing shareholders like Waldorf Astoria Hotel owners Anbang Insurance Group, which recently bought a 5 percent stake. Along with Baoneng, Anbang could try to block Vanke’s share issuance, according to the Journal.The restructuring could also mean that Vanke purchases assets, the Journal reported.Vanke has a controlling stake in the 30-story office building known as the Bush Tower and also bought into Aby Rosen’s condo project at 100 East 53rd Street.In November, Vanke paired with Adam America and Slate Property Group for a development site at 10 Nevins Street in Downtown Brooklyn. The trio have planned a 33-story condo tower.
A Landmark Restored. A Village Reborn. A Lifestyle Revealed.
Steps from the sands of Fort Lauderdale Beach, North Beach Village is an idyllic neighborhood of mid-century hotels and garden apartments, happily frozen in time. On a full block in the center of the village, the historic Escape Hotel, circa 1948, is being meticulously renovated and contemporized as Gale Fort Lauderdale Beach, a luxury boutique hotel by the acclaimed Menin Hospitality Group.Gale’s intimate scale and nostalgic charm, together with elegant, contemporary interiors and elevated services and amenities, will inform and enhance the daily lives of those who live in the adjacent Gale Residences.128 one-, two- and three-bedroom condominiums and townhomes in a new, 12-story tower with views of the Intracoastal and the ocean, full amenities and all hotel services.
Building Amenities
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Building Features & Amenities
List of tallest buildings in Dubai___________________________________________________
A singular gem, the last of its kind.
The elegant South of Fifth neighborhood in Miami Beach offers one final, spectacular property. Surrounded by the sparkling panorama of Biscayne Bay and the Atlantic Ocean, and overlooking the Marina, Marea brings the twin luxuries of art and designtogether within an atmosphere of exquisite tranquility. Orchestrated by The Related Group’s visionary founder, Jorge Pérez, this boutique residence has been designed by the exceptional team of Sieger-Suarez Architects, Yabu Pushelberg, and Enzo Enea. Commissioned art installations by Riccardo De Marchi and Markus Linnenbrink transform its private lobby into an exclusive gallery.
Your Private Oasis Between Ocean and Bay.
Le Parc at Brickell is a 12-story, 128-unit luxury condominium planned by a joint venture between AXA Developers and Strategic Properties Group in Miami’s upscale Brickell neighborhood. Slated for delivery in 2014, the eco-friendly, boutique-style building will boast a central location just blocks away from Miami’s urban core with panoramic views of Simpson Park looking out towards Biscayne Bay and the Downtown Miami/Brickell skyline. Exclusively featuring designs and furnishings inspired by Ligne Roset, Le Parc at Brickell will be home to the internationally-renowned luxury furniture designer’s first residential development in the United States
SIMPSON PARK
Located across Simpson Park, its eight acres of protected botanical life offer to residents a sanctuary to relax stepping away from the busy city living, enjoying a natural trail to exercise, admire natural springs, dine in picnic areas and learn about Miami’s botanical history at its local community center.
RESIDENCES
Le Parc at Brickell will offer 128 luxury ”move-in ready” residences including studios, 1-, 2- and 3-bedroom layouts, as well as 9 expansive two-story townhome units, with floor plans ranging from approximately 576 to 1,968 square feet in size. The development’s 6-foot-wide private balconies feature sprawling luscious-green park views and panoramic city views of the Downtown Miami/Brickell skyline looking out towards Biscayne Bay. Residents also have the additional option to purchase custom-designed Turn-Key Furniture Lifestyle Packages exclusively offered by Ligne Roset.
This elegant boutique development will consist of 190 luxury residential units, featuring a cutting-edge robotic parking system, prime ground floor retail space, a full floor pool suspended over 250’ in the air, a 4,000 square foot state-of-the-art sky fitness center and spa, and 29 penthouse residences, all in a new sculpturesque tower with Conceptual Design by Carlos Ott.
ECHO Brickell resides in the epicenter of Miami's fastest growing and most metropolitan neighborhood, located directly on the coveted East side of Brickell Avenue. Its 190 opulent residences set a new bar for state-of-the-art living in Miami's most exciting locale. With conceptual design from mastermind Carlos Ott, ECHO Brickell is a host of privilege at every turn.
ECHO Brickell's developers, Property Market Group (PMG), have once again led the way with an inventive contemporary tower in a highly desirable neighborhood. The property's 190 residences mirror the refined precedence set forth by its sister project, ECHO Aventura.
The building itself is flanked by twin glass atriums housing the works of contemporary artists. The impressive Grand Lobby is modeled by a critically acclaimed design house in a limited collaboration with Carlos Ott. ECHO Brickell's most notable exterior feature is the awe-inspiring "Open Space". This futuristic gap in the building's facade spans the entire width of the tower, rising three stories in height. The Open Space will house the full-floor pool deck, allowing residents to swim from one side of the property to another in the astounding infinity-edge pool. Suspended above the pool deck, fitness center and spa offers breathtaking panoramic views of Biscayne Bay, the Atlantic Ocean, Downtown Miami's full cityscape, and the surrounding islands. The 190-unit mix is comprised of one and two bedroom units on the lower floors, two and thee bedroom units on the middle floors directly above the Open Space and 16 exclusive penthouse units residing in the building's pinnacle.
List of tallest buildings in Dubai__________________________________________________
The property has 300 linear feet of oceanfront exposure. The building will have 12 stories and 60 units, flow through residences, with 10 ft high ceilings. Amenities include; Valet Parking, Concierge, Private Elevators, Fitness Center, Sauna, Spa, Kids Club,Bussiness Center, Restaurant, Infinity Pools, Shabbat Elevators and more.
Developed by the Château Group, a leading real estate development company with over 35 years of experience in residential, commercial and mixed-use projects in the United States and South America as part of its portfolio.
Château Group has extensive experience in southern Florida’s most prestigious communities. Previous developments include, 900 Biscayne Bay Residences located across from the American Airlines Arena in Downtown Miami, with adjacent land for future development. Its portfolio includes prime locations for additional development throughout South Florida.
Properties developed by Château Group in Buenos Aires, Argentina include Alto Palermo, and Alto Avellaneda retail shopping centers (anchored by a Walmart Supercenter, the first one to be brought by the Developer to Argentina), and two of the highest profile residential projects in the city: Torre Château Libertador and Torre Château Puerto Madero.
In Punta del Este, a globally recognized luxury resort city in Uruguay, Château Group is the residential market leader. Its exceptional properties on the Mansa coastline include Le Jardin, Beverly Tower, Coral Tower, and Millenium Tower.