Edgewater Development Guide - Edgewater is Becoming Miami’s Premier Luxury Neighborhood & These are the New Condo Projects Planned
Oct 07, 2022 October 07, 2022
If you’ve taken a walk around Edgewater lately, or followed the news, you’ll know that our favorite bayfront neighborhood in Miami has become a hotbed of construction activity. Powered by strong market demand for luxury condos, more developers have placed their bets on Edgewater. And it’s obvious why – its bayfront location centered around an 8-acre park and marina, a family-friendly environment, centrality to every major neighborhood in the city like Wynwood, the Design District, and Downtown, plus a short scenic drive to South Beach – all make Edgewater highly desirable.
Once barely a neighborhood anyone would talk about fifteen years ago, Edgewater is on its way to becoming the top choice for luxury high-rise living in Miami.
So here’s a look at all of the condo projects in development for this lovely Bayside enclave. Projects that we expect that will transform Edgewater into one of Miami’s most desirable places to live.
Missoni Baia, 700 NE 26th Terrace
When: Opening in 2022.
What: Italian luxury fashion house, Missoni’s first residential project in the world – developed by OKO Group & Cain International.
One of Edgewater’s tallest buildings (besides Elysee), Missoni Baia topped off last year at 649 feet and is expected to welcome its first residents by the end of the year. This minimalist, bayfront tower was designed by Asymptote Architecture. It features clean yet playful interiors in Missoni’s signature colors, patterns, and textures curated by New York’s Paris Forino Interior Design.
At 57 stories tall with 249 luxury residences, every residence opens to direct bay views from its 10-foot-deep balcony. A chef-ready kitchen with top-of-the-line appliances, Blue de Savoie marble counters, and Calacatta Ice marble counters in the master bathrooms are just some of the refined touches you will find at this luxury tower. The complex also houses several waterfront townhomes with double-height floor-to-ceiling windows and exquisite outdoor spaces overlooking the Bay.
Stand-out Amenities: 5 swimming pools, a flow-through pool deck with cabanas, two poolside resident lounges, an elevated tennis court, children’s water features, an indoor kids’ club, one of Miami’s largest resident-only spas, a beauty salon, a resident’s game room, pet spa, a 7-story parking garage, landscaping by Enea Garden Design, a bayfront boardwalk, and much more.
Aria Reserve, 700 NE 24th Street
When: South tower broke ground in May 2022. Completion of both towers is expected by Summer 2024.
What: Tallest twin towers on a U.S. coastline – developed by Melo Group. Owners are allowed to rent up to 4 times a year.
Rising on 5+ acres of a one-of-a-kind waterfront reserve, Aria Reserve will feature two Arquitectonica-designed towers poised to become an iconic addition to the bayfront, thanks to unique zigzag pattern adding distinction to their façade. Rising 62 stories, they will also be the tallest residential twin towers in the U.S.
Offering a total of 782 oversized luxury residences, living at Aria Reserve, residents will have an unbeatable combination of direct water views, 11-foot-deep terraces, East-to-West flow-through floorplans, and a dedicated office/bonus room in all residences. The 62-story towers will feature couture-inspired interiors by MORADA Haute Furniture Boutique, and all of this is available at some of the best price points for the luxury condos in all of Miami.
Stand-out Amenities: 2-acre recreation deck including a semi-Olympic-sized lap pool, a children’s splash pad, a whirlpool spa, gaming center, teen lounge, and playground. Other amenities span a signature bi-level waterfront restaurant & café, a solarium, a telescope observatory area, miniature golf, tennis courts, basketball courts, paddle courts, indoor-outdoor wellness center, meditation gardens, wine cellar, theater room, dog park, private watersports dock, and more.
Melo Group will also be building a public park on 23rd Street, along with 550 linear feet of a bicycle- and pedestrian-friendly waterfront promenade connecting the dots on Miami’s Baywalk.
EDITION Residences, 2121 N Bayshore Drive
When: Expected to break ground by mid-2023. Completion is estimated 36 months after groundbreaking.
What: The world’s first stand-alone EDITION Residences, without any hotel or transient use – developed by Two Roads. Six luxury guest suites available for use by residents.
All luxury residences at Edgewater’s EDITION will feature sweeping bay and ocean views, 12-foot-deep residences, designer kitchens with branded appliances, an under-counter wine cooler, spa-inspired bathrooms, spacious walk-in closets, and a host of à la carte hospitality services powered by the EDITION Hotels luxury brand.
Replacing the bayfront Biscayne 21 condo building, the EDITION Residences will be part of a three-tower luxury condo complex. The 3.5-acre complex is positioned to afford two waterfront exposures. Rising 55 stories with only 185 bespoke residences, the waterfront high-rise will feature an all-glass, moon-like reflective exterior designed by Miami’s prolific Arquitectonica. Canada-based Studio Munge will be designing all interiors.
Stand-out Amenities: 45,000 square feet of indoor-outdoor amenities managed and operated by EDITION Hotels. VIP status and preferred rates at hotels within Marriott International’s luxury portfolio. Other amenities include two resort-style pools, a full-service world-class spa, private training studios, a club lounge, cinema, library, kids’ club, teen room with VR gaming, dog spa, dog park, array of secret gardens, and much more.
Vida Residences, 410 NE 35th Terrace
When: Expected to break ground in Q1 2023. Completion is scheduled for Q3 2024.
What: Luxury, turnkey, waterfront, flexible rental condos with a private beach club in South Beach – developed by Urbana Holdings. Owners will be allowed to instantly double their income by splitting their units based on FlexShare floor plans, allowing owners to rent partial areas of their units
Positioned to appeal to the digital nomad as much as the investor, the bayfront Vida Residences will be delivered fully furnished and ready for short-term rental platforms like Airbnb, HomeAway, or Expedia. The 9-story building will be built with a sophisticated profile designed by Miami’s acclaimed architect, Kobi Karp.
Interiors at this urban mid-rise will be designed by the Euro Design Group. All residences will feature high-end touches like furnished private terraces, a chef-ready kitchen with stainless steel appliances, Euro-style baths, a smart-home system, contemporary lighting package, keyless entry, and more.
Stand-out Amenities: 22,000-square-foot oasis including an 11,000-square-foot pool, jacuzzi, Bali beds, a juice & coffee bar, The Edge restaurant with al fresco dining, a wellness center, fitness center, and grilling stations. Other amenities include a full-service private beach club in South Beach and a state-of-the-art, 3,800-square-foot coworking center.
729 Edge (also 710 Edge), 710 NE 29th St
When: Expected to break ground in 2023.
What: Edgewater’s first residential building with a rooftop helipad – developed by 710 Edge LLC. Shares some architects and developers with Zaha Hadid’s famous One Thousand Museum in Downtown Miami.
Designed by ODP Architects, 729 Edge will feature a pronounced exoskeleton that won’t just make it a landmark on the bay, but also open up interior space and enhance view corridors inside the residences. Rising 55 stories with 100 luxury condos, the waterfront tower will feature no more than two residences per floor. It will also connect to a separate 9-story garage with 193 parking spaces, rooftop activity space, and commercial space.
Stand-out Amenities: Rooftop helipad, top-floor sky lounge, juice bar, indoor pool, spa, bayfront restaurant, private dock, direct access to the waterfront promenade, residents’ lounge/bar, theater, 13,037 square feet of retail, and more.
The Edge, 490 NE 29th Street
When: Expected 2022; Completion TBA
What: With its utilities agreement in place, we’re waiting for more details to roll out for this boutique condo project proposed by partners SB Development Group and Hazelton Capital Group.
Purchasing the 0.6-acre site adjacent to the Icon Bay condo tower, the pair of New York-based developers plan to build a 38-story boutique tower on the waterfront site. Designed by Miami’s acclaimed Kobi Karp and Argentinian Dieguez Fridman, the 38-story condo tower will rise with 96 luxury residences. SB Development Group and Hazelton Capital Group assembled the trio of properties at 480 NE 29th Street, 456 NE 29th Street, and 496 NE 29th Street for a total of $12.2 million in 2021.
Stand-out Amenities: A 5,493 square-foot, full-service, bayfront restaurant is planned to be the centerpiece of amenities at The Edge.
Other Possible Condo Projects for Edgewater, Miami
40-Story Project, 2626 Biscayne Boulevard
What we’re watching: Miami’s Urban Review and Design Board approved plans from developer 2600 Biscayne Property LLC for a 40-story tower at 2626 Biscayne Blvd. The mixed-use residential tower designed by Arquitectonica’s Bernardo Fort-Brescia will have 399 residences, 109,643 square feet of offices, 6,122 square feet of commercial use, and multiple parking levels on a podium.
The property is currently slated for luxury rentals, however, we will watch the progress as several rental properties have recently converted to condos. This was previously to be site of the Berkowitz museum project.
Cardinal Plaza, between NE 22nd Street & NE 23rd Street in Edgewater
What we’re watching: We’ll be keeping an eye out for approvals coming through on this 1.8-acre development planned between NE 22nd Street and NE 23rd Street in Edgewater.
Last heard, developer Melo Group had submitted plat documents to the city’s review committee in January 2021. The proposed Cardinal Plaza is also expected to feature an unspecified amount of commercial and retail space.
Grupo T&C + Kobi Karp’s 36-story Tower, 1825 and 1837 N.E. Fourth Avenue
What we’re watching: We’re waiting to see whether this LEED-certified project will rise as a condo or rental tower. It was approved by the Urban Development Review Board this March.
Designed by Miami’s widely appreciated Kobi Karp Architecture, this 36-story tower is approved to now feature 322 residential units, 6,183 square feet of ground-level retail, and 372 parking spaces in an 8-story podium. Developed by Peru’s Grupo T&C under the affiliate Meridian TC Real Estate Group LLC, the LEED-certified project will sit right behind Quantum on the Bay and 1800 Club.
The pandemic-ready luxury high-rise is planned to feature a temperature reader in its lobby, touchless doors at the entrance, eye and voice recognition systems in its touchless elevators, and eye-recognition tech to open the door for each resident of the unit. Other expected amenities include a rooftop pool deck, a 9th-floor amenity center with gym and lounge, an outdoor dining area, and a garden.
Bay Park Condo Bulk Buyout, 3301 NE 5th Avenue
What we’re watching: Last heard, a California-based firm had secured about half the units at this waterfront condo tower in September 2021. It is zoned to allow a 36-story residential development with 150 units per acre.
Built in the 1960s, the 14-story, 254-unit Bay Park Towers sit on a prime piece of waterfront in Edgewater, right next to the Julia Tuttle Causeway that leads to South Beach. The California-based firm has priced the deal at $150 million, hoping to get at least 95% of unit owners on board.
Denny’s Restaurant Sale, 3600 Biscayne Boulevard
What we’re watching: Since zoning allows the development of 500 residential units per acre, we’ll be watching what comes up at this key parcel just off the I-95 on NE 36th Street.
Although we’re sad to see Denny’s go, we’re equally excited to see what will be planned for this prime parcel. Developer Aria Mehrabi bought the restaurant and a nearby parking lot at 221 Northeast 36th Street for a total of $24 million in January this year. The 1.2-acre property is zoned to allow the development of a 24-story tower with scope for the addition of more units as a density bonus.
1775 Biscayne For Sale, 1775 Biscayne Boulevard
What we’re watching: Although the property was listed just this March, we’re hopeful that something amazing will be planned for this Edgewater site, considering the previous owner proposed a 53-story tower with 444 residential units & 200 hotel rooms.
With ground testing activity taking place, the parcel was previously submitted to the UDRB in 2017 proposing a 53-story tower with 200 hotel rooms, 444 residential units, 45,600 square feet of retail/restaurant, 64,800 square feet of office, and 546 car/39 bicycle parking spaces.
New “Omni Innovation District,” 1601 Biscayne Boulevard
What we’re watching: Considering the property sits between Margaret Pace Park and Venetian Causeway, and this is a condo-dense area, we’re expecting nothing short of a luxury development to make its way here.
The Omni Innovation District is set to replace the shuttered Omni International Mall at 1601 Biscayne Blvd. The site was once owned by Resorts Worlds’ parent company, Genting. More details are expected soon.
Paris-based Groupe City’s Residential Tower, 423 Northeast 27th Street
What we’re watching: We’re waiting to see whether this Paris-based developer’s first U.S. residential project “with a French touch” will come up as a condo or rental apartment.
Planning its first U.S. project in Edgewater, the newly established American arm of Paris-based Groupe City, the PR Group acquired an assemblage worth $14.8 million this May. The group paid $13.1 million for the deal inclusive of a low-rise apartment complex and three houses at 423 Northeast 27th Street. They also paid $1.7 million for an adjacent duplex at 434 Northeast 28th Street. The assemblage plus the duplex property total 31,929 square feet.
Belmar Condo Bulk Buyout, 419 Northeast 19th Street
What we’re watching: Another great bayside parcel snagged by New York-based partners SB Development and Hazelton Capital Group; we’re expecting the duo to announce an on-trend luxury residential project in this condo-dense area.
Seated right behind the Cité on the Bay condo tower, the developer duo paid about $12 million for all 13 units at the Belmar condo this August. The 5-story condo building sits right opposite the waterfront Margaret Pace Park, which is one of the highlights of living in Edgewater. The bulk buyout deal breaks down to around $900,000 per condo. The partners have already terminated the condo association.
Price Choice Supermarket Assemblage Sold, 1851 N.E. Second Avenue
What we’re watching: Since zoning allows the development of mixed-use buildings up to 36 stories high, we’ll be keeping an eye on what comes up at this prime parcel – a short walk from the waterfront Margaret Pace Park.
Purchased by an Israeli developer for $30 million, the 1.41-acre parcel at 1851 N.E. Second Ave. is zoned to allow construction of a 501-foot-tall mixed-use. We are highly intrigued to see what will replace the one-story Price Choice Supermarket, the Montessori preschool Learning Nest, and vacant lot part of the assemblage.
For more details on pricing, remaining units, and rental income opportunities on any of the above pre-construction condos in Edgewater, or anywhere else in Miami – call, chat, or email us directly!