Location Ventures project URBIN was recently featured in Condo BlackBook “Miami’s New and Pre-Construction Condo Update”.
Just like Miami’s luxury housing market, the pre-construction condo market is a hotbed of activity. This October, URBIN Miami Beach and La Baia launched sales. Two new condos were proposed, with one being a non-profit development in Little Havana. Aria Reserve, Lofty Brickell, and a 38- story Edgewater condo cruised through approvals to meet the heightened demand brought on by lifting of travel bans and continued migration of businesses to South Florida. Related Group revealed Casa Bella Residences as a rebrand. And, another bulk buyout took place close in Coral Gables as developers look for developable land.
Read on for details on these and other updates in our Miami condo pre-construction market roundup for October 2021:
Location Ventures launched sales on one of its mixed-use, co-living condo projects planned for Miami Beach. Located at 1260 Washington Avenue, URBIN Miami Beach was 60% pre-sold in just the first 30 days of marketing. Designed by Touzet Studio, with interiors and common spaces by New York’s Meyer Davis Studio, the condo project is expected to feature fewer than 100 units.
The development will include a renovated 33,488-square-foot building plus a brand-new 44,000- square-foot building. Units will range from studios to two- and four-bedroom condos.
Following the success of this initial launch, developer Location Ventures plans on launching sales for URBIN Coconut Grove soon. Designed by Arquitectonica and Paredes Architects, the co-living/co-working complex will sit next to CocoWalk at 3162 Commodore Plaza. The development will include the conversion of a nearly 33,000-square-foot commercial building, a 5,000-square-foot restaurant, and 23,490-square-foot property, along with ground-up development. Units at URBIN Coconut Grove will range from 331-square-foot studios to 2,352-square-foot six-bedroom condos.
With its first two locations planned for Miami, URBIN is a first-of-its-kind, mixed-use brand dedicated to creating spaces where one can live, work, and seek wellness. Each property will offer a membership-based platform and unite condos with all-inclusive, co-working spaces, wellness amenities, social activations, plus lifestyle-oriented retail.
All URBIN properties are planned to feature design-forward, turnkey rental residences with a select number available for purchase. Owners of the private residences will be able to use their homes for up to 90 nights per year. During their time away, the residence will be professionally managed by URBIN and made available for rent through the property’s exclusive lease-back program.
Amenities planned for URBIN Miami Beach include a rooftop pool deck with green spaces and lounge areas; a wellness center with programming for mindfulness, movement, nourishment, and healing; plus, service-driven amenities such as housekeeping, room service, and valet.
Construction of both URBIN projects in Miami Beach and Coconut Grove could begin this November and be completed within 24 months of groundbreaking.
Prices start at $400,000 with a choice of studios, two- and four-bedroom residences.
Read more from the Condo BlackBook feature HERE