ELLE Residences Miami has revealed a fresh set of interior renderings, giving a detailed look into the design aesthetic of its 25-story residential tower, set to bring Parisian elegance to Miami’s Edgewater neighborhood. The project will feature 180 residences, each reflecting ELLE’s iconic design ethos, rooted in the chic sophistication of Paris.
Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has acquired a land parcel in the Edgewater neighborhood of Miami’s urban core at 3618 Northeast 5th Avenue. The transaction closed for $13.5 million, with the previous owner being Hotelex Midtown LLC, an affiliate of Hotelex Group. The 4,725-square-foot parcel is zoned T6-24a-O, permitting a structure of up to 24 stories. The partnership between UNCG and Vertical Developments plans to develop a condo-hotel tower on the property; details have not yet been disclosed. Alfonso Jaramillo from Fortune International Realty represented the buyers in the deal.