2014-03-11 17:33:46 - The luxury condominium project Biscayne Beach Residences is set to break ground this spring in the emerging East Edgewater neighborhood.
Biscayne Beach Residences is a 399-unit, high-end, condominium project located along Biscayne Bay between 29th and 30th street, in the emerging East Edgewater neighborhood. Its aim is to "bring the beach to the city" with Miami's newest ‘man-made’ beach club.
Set for completion in 2016, Biscayne Beach will rise 51 stories, featuring 399 units with panoramic water views. Floor plans include 1, 2 and 4-bedroom residences, penthouses and townhomes ranging from 885 to 3,789 sq. ft. with prices starting at $500,000.
The Biscayne Beach project is a joint venture between GTIS Partners, a New York-based real estate investment firm; and Eastview Development of West Palm Beach. The site's unique location is defined by the bay presence and its proximity to the
trendy Wynwood neighborhood and the Design District, where people can enjoy luxury retail icons like Hermes and Prada.
Both Biscayne Beach and its sales center feature designs crafted by celebrity interior designer Thom Filicia, famous for his role on the Emmy Award-winning show Queer Eye for the Straight Guy. His work ranges from private home designs for celebrities such as Peter Jennings and Jennifer Lopez, to designs for Delta Airlines' outdoor lounges.
Some amenities included: a zero-entry beach pool, tennis courts, full gym, a spa, a restaurant, play and business rooms and an additional pool on the sixth floor.
The official sales center for Biscayne Beach opened in mid-February 2014, reporting that out of its 399 units, 244 have been reserved, and at least 10 percent of reservations had been turned to contracts.
The deposit structure for Biscayne Beach Residences is as follows:
• 10% DEPOSIT at Signing of Reservation Agreement
• 10% DEPOSIT at Signing of the Sales Agreement
• 20% DEPOSIT at Groundbreaking
• 10% DEPOSIT at Pour of Slab on Unit Floor
• 50% BALANCE Paid at Closing
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