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Plans Unveiled for New Twin 60-Story Condo Towers

April 3, 2015

The Next MiamiThere is never a dull moment in the exciting world of Miami and Miami Beach Luxury Real Estate. Not a month goes by without another audacious development being added to the city’s ever-growing selection of high-rises.

The latest announcement comes from Shahab Karmely of KAR Properties, a New York-based developer that has big plans for South Florida. This yet unnamed project will occupy vacant riverfront land near the Miami Avenue Bridge, nestled between the Ivy, Wind, and Mint condos. It acquired the prime site in 2013 for $27.5 million.

The twin 60-story towers will offer 406 residences, 30,000 square feet of commercial space, and a 520 space parking garage. Listed at 928 feet, the proposed buildings will be over 300 feet taller than their neighbors, giving them a commanding view of the city.

No architect has been named, although Karmely notes that whoever is selected will be of great “renown”. Among the many unique architectural features revealed in the plan is a connecting bridge at the top, and a five-story waterfall that would flow off of the parking podium facing the Miami River.

Given the height of the towers, the unit count is quite low, suggesting there will be fewer residence per floor and thus a lot more space for occupants. Indeed, KAR Properties will be investing extra money on amenities like high ceilings, soundproofing, and elevators.

In short, this ambitious new addition will no doubt be premium. The groundbreaking for the towers is slated for late 2015 or early 2016. Matt Crane and his team will keep you updated on this exciting development.

For more information on Pre-Construction Condos in Miami, contact Matt Crane at 305.203.0000 or matt@mattcranemiami.com.

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