South Florida by the numbers: Focus on Sunny Isles Beach
September 22, 2015 10:30AMBy Master Brokers Forum
Sunny Isles Beach
“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
Big real estate news from Sunny Isles Beach has come fast and furious in recent months. Once the home of tacky and outdated beachfront hotels, Sunny Isles Beach has gone vertical in a major way during the past decade. Developers are luring buyers with well-known brand names like Porsche, Armani, Ritz-Carlton (and Trump?), and gleaming towers that offer spectacular views and increasingly outrageous amenities.
Famous for its high concentration of Russian residents, the area has also become home to large populations of Brazilians, Colombians, and Venezuelans, as well as Israelis and Italians. Things may look “sunny” now, but what will the future hold for such a diverse, population-dense, and progressively wealthy neighborhood built along an already busy north-south thoroughfare? Let’s take a look in this Sunny Isles Beach edition of South Florida by the numbers.
60: Once completed, number of stories of the Porsche Design Tower, where residents will take their cars up to their condos and park them in “sky garages”. A glass-walled “Dezer-vator” (named for the project’s developer) will whisk both driver and vehicle directly to their unit. [The Real Deal]
45,000: Number of square feet at Villa Acqualina, an amenities complex to be available at the Estates at Acqualina, the third phase of Eddie and Jules Trump’s luxury condo project. It will include a spa and fitness center, restaurant, and the “Circus Maximus” section, featuring an ice skating rink, bowling lanes, movie theater, and “Wall Street Trader’s Club” room, where residents will have access to ticker tape, computers and a board room. [SFBJ]
3: Full stories that will be solely devoted to amenities at the Turnberry Ocean Club. The project’s “Sky Club” will feature a restaurant, two bars, a yoga studio, a nail and blow-dry salon, as well as two pools that jut out from the building on its ocean (eastern) and bayfront (western) sides. [Miami Herald]
$8 million: Cost of sales gallery for Residences by Armani/Casa, a Dezer Development and Related Group luxury condominium project scheduled to break ground next month, and to be completed in early 2018. [Curbed]
15 feet: Ceiling height of the five Arquitectonica-designed penthouses at the Ritz-Carlton Residences, a partnership between Fortune International Group and Château Group. The 52-story residence will span over 2.2 acres, and is scheduled for completion in 2018. [Haute Living]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.
Source: The Real Deal