Watch construction crews pour foundation for Muse Sunny Isles: VIDEO
47-story tower is slated for completion in 2018
March 24, 2016 12:45PM
After pouring the foundation for Muse Residences in December, construction crews have hit the seventh floor of the Sunny Isles Beach condo tower.
Property Markets Group and S2 Development are developing the 47-story tower, which is slated for completion in 2018. The joint venture partners closed on a $134 million construction loan for the building in August from Canyon Partners Real Estate, a Los Angeles-based investment management firm and adviser.
When it opens, the 68-unit condominium will include a robotic parking system, infinity-edge pool and spa, poolside food and beverage services, and a fitness center. ISG World is the project’s exclusive sales and marketing firm. As of January, the tower was 68 percent sold, ISG World reported.
Muse, at 17141 Collins Avenue, is just north of Jade Ocean and Jade Beach. Other projects in Sunny Isles include Aurora, Turnberry Ocean Club, and Residences by Armani/Casa. The city is the fourth most active market east of I-95 this cycle with more than 3,165 new units announced. – Katherine Kallergis
Source: The Real Deal