Two developers have started construction on a high-end boutique condominium in Miami’s Ojus neighborhood. The mid-rise building will join a handful of other luxury ventures that offer condos starting under $1 million.
Developers Related Group and BH Group have broken ground on Icon Beach Waterfront Residences, a 38-story waterfront condominium tower in Hollywood. A groundbreaking ceremony was held on June 18 for the project,which will yield 350 residential units between Atlantic Ocean and the Intracoastal Waterway. The development recently secured a $360 million construction loan from Tyko Capital and is slated for completion in 2028.
A small piece of land that traded hands for $10 is slated to become affordable housing in Miami’s Wynwood neighborhood. The 0.16-acre site has an estimated market value of $3.45 million.
Alba Palm Beach has debuted at 4714 N. Flagler Drive in West Palm Beach’s Northwood neighborhood. Designed by Spina O’Rourke + Partners and developed by BGI Companies in partnership with Blue Road, the 22-story waterfront condominium tower yields 55 residences overlooking the Intracoastal Waterway. Move-ins are now underway, with the development reporting that 95 percent of its direct water-view residences have been sold. Moss Construction served as the general contractor.
The Standard Residences, Midtown Miami has officially opened at 3100 NE 1st Avenue, marking the debut of the first standalone residential project from The Standard brand worldwide. Designed by Arquitectonica and developed by Rosso Development in partnership with Hyatt and Midtown Development, the 12-story building yields 228 condominium residences and represents the first new residential building to open in Midtown Miami in nearly a decade.
