Paraíso Bay - se construye el Paraíso en Miami

Debido a la recuperación del mercado de bienes y raíces en Florida, distintos desarrolladores inmobiliarios se encuentran muy motivados a incentivar la construcción de nuevos condominios en la ciudad de Miami. Con varios proyectos en proceso de aprobación y otros a punto de iniciar, Paraíso Bay es uno de los proyectos más importantes de la ciudad.

Como parte del proyecto de desarrollo y mejoramiento de distritos enteros en Miami, Paraíso Bay  forma parte de los lujosos planes en el prometedor Edgewater. Con una situación privilegiada frente a la bahía, este nuevo condominio estará a sólo 15  minutos de distancia de el AeropuertoInternacional de Miami y cruzando la Tuttle Causeway se encontrará con South Beach.

En imponentes cinco acres de terreno, el complejo incluirá un hermoso parque. Serán dos torres de 55 pisos con apartamentos de uno, dos, tres y cuatro dormitorios, cuyos tamaños varían  desde unos 1.000 pies cuadrados a cerca de 2.500 pies cuadrados. Todos los apartamentos contarán con magníficas vistas a la bahía, ya que sólo habrá un máximo de siete unidades por piso.

Dentro de los servicios que Paraíso Bay ofrece a sus propietarios se encuentran ascensores privados para cada unidad, una enorme piscina estilo “laguna” que da a la Bahíade Biscayne, una zona de masajes al aire libre y un spa relajante, un gimnasio de última generación, un parque de media hectárea con parque infantil, zona de ejercicios, senderos y esculturas de artistas de la Fundación Nacional de Jóvenes Artistas, y otros servicios en la base de las dos torres… sin duda, un lugar para vivir mejor.

Para saber cómo se vive en Edgewater y el desarrollo del lugar, lee más aquí.

Real Estate Projects in Up and Coming Edgewater

In a Miami Herald article earlier this year, Edgewater’s location was said to be at “the intersection of funky and trendy.”  And by all accounts, that is exactly where it is located.  Bordered by NE 17^th Street (north); Tuttle Causeway at 36^th Street (south); Biscayne Bay (east); and, the railroad or Biscayne Boulevard (west), Edgewater is bursting with real estate projects from some of the most successful developers in the country and, even the world. 

This once devastated neighborhood is coming to life with excitement as the economy rebounds.  Edgewater has two big draws that makes it a target for revitalization: its close proximity to the fashionable Design District and Midtown neighborhoods, and its prime location fronting Biscayne Bay. 

With the explosion of high rise projects under construction or in the works to begin construction, there are a few Miami condominiums worth mentioning as they bring so much to the community in terms of amenities and lifestyle as well as their appearance along the Miami skyline.

Icon Bay, 460 NE 28^th Street

Developed by the iconic Related Group, Icon Bay is situated facing Biscayne Bay.  With construction underway and already to the fourth floor, this building is sure to be an Edgewater landmark.  When complete, the 40-story condominium will feature unbelievable panoramic views from every residence and luxury details.  With only 8 units on each floor ranging in size from 900 to over 2,000 square feet (penthouses), a water park and all the community amenities that are expected in a high-rise condominium of this caliber,  it is no wonder it has been so well received.  Its popularity is very apparent in the simple fact that the building is virtually sold out. 

Paraiso Bay, 600 NE 31^st Street

Another brain child of Jorge Perez and the Related Group is glamorous Paraiso Bay.  Spanish for ‘paradise,’ this pre-construction condominium is tentatively scheduled to begin construction in the next few months.  It will be set on five acres that will include a beautiful new park.  The plans call for two- 55-story towers each housing approximately (345) one, two, three and four-bedroom units ranging in size from about 1,000 square feet to about 2,500 square feet.  Each residence will showcase glorious bay views.  Each floor will contain a maximum of seven units that look to be lined across the building.  One amazing accomplishment of Jorge Perez is that with the five-acre plot of land on which Paraiso Bay will be developed, he has successfully and permanently closed off 31 Street at the Bay in return for adding a park with playground equipment, lots of green space and more.  List prices for Paraiso Bay fall between the mid-$500s and over $1.1 million for units that range in size from just over 1,000 square feet to well over 2,100 square feet.  For more details, check out a recent blog entry and stay tuned for information as it becomes available.

Biscayne Beach, 711 NE 29^th Street

Biscayne Beach is another pre-construction project in Edgewater tentatively set to begin construction in early 2014. The plans call for a 51-story bay front high-rise condominium with 399 units.  This masterpiece is under development by Eastview Development and GTIS Partners and will showcase Miami’s first manmade beach club directly on Biscayne Bay.  Biscayne Beach residences will offer one, two, three and four-bedroom options in addition to penthouses with private rooftop garden terraces.  Every unit will also have floor-to-ceiling windows, large balconies and beautiful Biscayne Bay, Miami Beach and city views.  List prices range from the mid-$400s to well over $1 million for units with sizes between almost 900 square feet and over 2,100 square feet (penthouse prices available upon request).

A Growing Neighborhood in Miami

With Miami condominium construction in such a growth mode, Edgewater is definitely a growing neighborhood.  In the aforementioned Miami Herald article, Carlos Rosso, President of Condo Development at Related Group said that “Edgewater’s layout works well for high-rise condos” as it sits in a prime area of Miami with Biscayne Boulevard running parallel to the Bay is the major thoroughfare of Biscayne Boulevard with shops and restaurants. He said “it’s an attractive area.  It’s got good bones.” That refers to its structure and placement with the Design District, Midtown and the Wynwood Arts District surrounding it. With more and more developers gobbling up parcels of land, it will be fun to watch Edgewater become one of the most sought after neighborhoods in Miami – it is not already there.

Paraiso Bay – The Related Group May Have Outdone Themselves

As the real estate market makes a comeback in Miami, developers are in the building mood, which is just what they are doing with new Miami condominiums.  With several projects underway or about to begin, Paraiso Bay is the next big thing about which everyone in Miami real estate is talking.  With the construction tentatively set to begin during the winter months (we know...what winter?), the Related Group may have outdone themselves with Paraiso Bay. 

This new tropical paradise (Paraiso) will be set on five acres that will include a beautiful new park.  There are going to be two 55-story towers housing approximately (345) one, two, three and four-bedroom units ranging in size from about 1,000 square feet to about 2,500 square feet.  All of the residences have gorgeous bay views as there are only a maximum of seven units on each floor lined up across the building. 

Location of Paraiso Bay

Paraiso Bay will be located on the bayfront in the Edgewater neighborhood.  In the past Edgewater was one of Miami’s questionable areas, but with the real estate surge in development and construction as well as the revitalization of the Design District and the Wynwood Arts District, it is quickly turning the tides and becoming one of the revitalization projects.  More and more shops are setting up shop in Edgewater as well as the addition of more high-rise and mid-rise condominiums. 

Edgewater is a perfect area for this type of change as it is surrounded by popular and up and coming areas and is in close proximity to so many other parts of Miami.  Miami International Airport is just 15 minutes away while South Beach is just across the Tuttle Causeway which just happens to be a few blocks to the north of Paraiso Bay. 

The Plans for Paraiso Bay

Paraiso Bay is destined for greatness with the people at the helm of this project.  Jorge Perez, President and CEO of the Related Group, is the brains behind Paraiso Bay.  As the premiere developer in Miami, in return for adding a park with playground equipment and more, Perez was able to permanently close off 31^st Street.  As with other recent condominiums like Icon Bay and Icon Brickell, Arquitectonica is putting Perez’s ideas in motion with the architecture of the property.  As for the details inside and out, United Design of London will take on the interior design while Enzo Enea handles the interior design. 

Amenities and Features

Where to begin with the amenities is the big question.  The plans for Paraiso Bay call for private elevators for each unit, a massive pool deck that is elevated 40 feet and surrounding a 100-foot diameter “lagoon” style pool that faces Biscayne Bay, a relaxing outdoor massage area and spa, state of the art fitness center, half-acre park with playground, exercise area, walking paths and sculptures by artists from the National Young Arts Foundation, and other amenities at the base of both towers that are still being determined.

Inside each residence, each unit will be decorator-ready and face Biscayne Bay with amazing views of South Beach via flow through units, high-end appliances by Subzero and Bosch and beautiful European kitchen cabinets, nine-foot ceilings, faceted glass railing balconies and more. 

Real Estate at Paraiso Bay

While still in the pre-construction phase, there are one, two, three, and four-bedroom units planned at Paraiso Bay.  With only seven units on each floor, penthouse floors will be available.  Until construction begins, buyers can put down deposits as a reservation to hold a unit until they go to contract.  Following are general list prices:

Unit #	Type		Square Feet	List Price	Price/ SF	View
808		1 Bed/1.5 Bath	918	$396,900	$432	NW Corner
2308		1 Bed/1.5 Bath	918	$438,900	$478	NW Corner
3508		1 Bed/1.5 Bath	918	$475,900	$517	NW Corner
607		1 Bed/ 2 Bath + Den	1004	$464,900	$463	NE Corner
1007		1 Bed/ 2 Bath + Den	1004	$479,900	$478	NE Corner
1807		1 Bed/ 2 Bath + Den	1004	$497,900	$496	NE Corner
2907		1 Bed/ 2 Bath + Den	1004	$530,900	$529	NE Corner
3307		1 Bed/ 2 Bath + Den	1004	$542,900	$541	NE Corner
3602		1 Bed/ 2 Bath + Den	1061	$603,900	$569	E
4102		1 Bed/ 2 Bath + Den	1061	$603,900	$569	E
703		2 Bed/3 Bath + Den	1324	$664,900	$502	E
3506		2 Bed/3 Bath + Den	1244	$712,900	$573	E
4006		2 Bed/3 Bath + Den	1244	$727,900	$585	E
2404		2 Bed/3 Bath + Den	1311	$731,900	$558	E
2905		2 Bed/3 Bath + Den	1312	$743,900	$567	E
3803		2 Bed/3 Bath + Den	1324	$768,900	$581	E
4405		2 Bed/3 Bath + Den	1312	$791,900	$604	E
3001		4 Bed/4.5 Bath + Den	2234	$1,292,900	$579	SE Corner
3901		4 Bed/4.5 Bath + Den	2234	$1,336,900	$598	SE Corner
4701		4 Bed/4.5 Bath + Den	2234	$1,343,900	$602	SE Corner

As for deposits, there is a tentative payment schedule:

• 10% with Reservations
• 10% at Contract – December – January 2014 (tentative)
• 10% at Groundbreaking (mid-2014) 
• 10% at Completion of Floor 10 – Around the End of 2014
• 10% at Top Off – mid-2015
• 50% at Completion mid-2016

Paradise in Miami

For those who live in Miami, every day is paradise in Miami.  At Paraiso Bay, this will be paradise in the truest sense of the word.  With so many cool areas around Edgewater, this Miami condominium is an excellent investment that will pay off.