Miami’s MiMo neighborhood will soon have its first major condo project in years, as the 01 MiMo building has officially launched sales today with sales handled by our firm, Westside Estate Agency.

The MiMo neighborhood (‘Miami Modernist’ architecture or MiMo, is a style of architecture that developed during the post-war period) is located in the upper East side of Miami and has many historic hotels, single-family homes, and single-story retail properties. Most of the recent residential projects in the MiMo neighborhood are tiny in comparison to 01 MiMo Condominiums. 01 MiMo is located just minutes away from Downtown Miami, Miami International Airport, Port Miami, Miami Yacht Marina, The Design District, Midtown and of course, Miami Beach.

Vitrium Capital, and Argentine developer, is building 68 total condominium units (34 one bedroom, 18 two bedroom and 16 three bedroom units) and 2,324 square feet of retail space in the brand new 01 MiMo Condominiums building at 6443 Biscayne Boulevard. 01 MiMo will have two and three bedroom condos plus five two-story town houses. 01 MiMo will have a rooftop pool, a bamboo garden, a gym and a parking garage. 01 MiMo condos offer views of Legion Park & water views of Biscayne Bay to the East. Prices at 01 MiMo start around $307k and go to just below $800k. The prices at 01 MiMo are significantly cheaper than the downtown Miami, Brickell and Edgewater neighborhoods; so sales should be brisk; don’t hesitate if you’re looking for new construction at a reasonable price!

Vitrium Capital plans to complete 01 MiMo in late 2017, and sales are now open through us, Westside Estate Agency, so feel free to Contact Stavros Mitchelides at Westside Estate Agency for more information on 01 MiMo, or to reserve your unit today!

01 Mimo Condominium Prices:

1 Bedrooms ranging from $307,700 to $450,900

2 Bedrooms ranging from $395,910 to $728,740

3 Bedrooms ranging from $477,000 to $798,875

01 Mimo Currently Available Units:

01 Mimo Brochure & Floor Plans:

01 MiMo Miami Brochure & Floor Plans (PDF)

01 Mimo Floor Plan Renderings:

01 Mimo Location:
If you, or anyone you know would like assistance with buying a luxury residence at 01 MiMo Condominiums, please feel free to Contact Stavros Mitchelides at Westside Estate Agency Miami to chat about your needs, or if you are ready to begin looking for your new Miami condominium, start your Miami real estate search now!

7 years ago, the South Florida housing market was in such poor shape that new condo construction in Miami came to a standstill, (As I detailed in my recent post ‘2015 Miami New Condominium Construction Update‘). Fast forward to 2015 and roughly 100 new condo towers are under construction in coastal South Florida, with at least 3 of those featuring a 50 million dollar penthouse on top. In Miami, two 50 million dollar penthouses have already gone into contract in 2015.

Before this recent 50 million dollar penthouse condominium building boom, Miami’s highest-priced single-family home sale was for $47 million back in 2012 (3 Indian Creek Island Rd Miami Beach, FL 33154). That was an absolutely stunning 30,000-square-foot single-family home set on two acres of land, and as of 2015, that house is still the highest closed sale on record in Miami. Another single-family home called Mashta House in Key Biscayne is currently listed for sale for $60 million, but hasn’t yet moved at that price. To date no condominium in Miami has closed anywhere near those prices. So far, the highest recorded sale for  a condominium in Miami is $34 million, when a buyer purchased two triplex penthouses totaling 16,271 square feet across three levels at The Residences at Miami Beach EDITION (2901 Collins Ave, Miami Beach, FL 33140), the new hotel-condominium project by Ian Schrager.

Neither of these amazing records will stand for very long. At Faena House (3201 Collins Ave, Miami Beach, FL 33140), a luxury condominium tower in Miami Beach, the penthouse is under contract for more than it’s $50 million list price. Word on the street is that the 18,253 square foot duplex penthouse at Faena House is under contract for $60 million, but that cannot be confirmed until the sale closes. Alan Faenas next project is called Faena Versailles Contemporary and it will feature yet another 50 Million dollar penthouse condominium.

In my neighborhood of South Beach, at the Continuum 2, the four-story penthouse owned by the Continuum developer Ian Bruce Eichner, is listed for $50 million ($4,519 per square foot). The Continuum 2 penthouse isn’t even new construction; it was built 13 years ago; but as they say, strike when the iron is hot!

Condos aren’t the only properties that are setting record listing prices in South Florida: At an incredible $200 million+/-, ‘Gemini’ in Manalpan (south of Palm Beach) was just announced for sale today. Gemini is a 33 bedroom, 34 bathroom, 12 half-bathroom, 16 acre estate with 2500 feet of waterfront that’s owned by the Ziff Publishing family. Gemini is the most expensive single-family home for sale in the entire country. Another house in Key Biscayne called Mashta House, that I wrote about previously, is for sale for $60 million.

Is it your time to call Miami home? If so, please feel free to Contact Stavros Mitchelides, Miami Beach Luxury Realtor today for assistance with your new penthouse purchase!

Current 50 million dollar +/- penthouse condos for sale:

Faena House Balcony

Faena House Penthouse: $55 million ($3,013.20 per square foot).
Under contract at an estimated $60 million
Developer: Alan Faena
Architect: Foster + Partners

All Available Faena House Condos For Sale:

Continuum 2 South Beach Penthouse Balcony

Continuum 2 South Beach Penthouse: $50 million ($4,519 per square foot)
Developer: Ian Bruce Eichner
11,065-square feet. Four floors, six bedrooms, seven full-baths, 6,092 square feet of outdoor space. Includes 10 private parking spaces, a 250-square-foot beachfront cabana loft, and an 884 square-foot guest suite.
Architect: Sieger Suarez Architectural Partners

All Available Continuum 2 Condos For Sale: 

One Thousand Museum Penthouse: $49 million ($2,866 per square foot)
A duplex penthouse on the 58th and 59th floors contains 15,700 square feet and offers 1,000 square feet in terraces; the condo features six bedrooms and six full-and two half-baths. The two-level unit also comes with its own private pool.
Developer: Gregg Covin and Louis Birdman
Architect: Zaha Hadid Architects

How many massive $50 million penthouses can the Miami market handle? Based on the current interest that we are seeing in these uber-luxury residences, it’s likely that we can see a few dozen more constructed or converted in the coming years. Instability in foreign countries is making these $50 million-plus properties an attractive investment for foreign buyers; and the horribly cold weather in the Northeast USA surely is driving many New Yorkers south as well!

Miami has gained the Worlds attention as a city that can easily attract the world’s richest people, thanks to its incredible climate, stunning residences, and attractions like Art Basel. Miami ranked 7th place in the Knight-Frank 2014 annual global cities list based on quality of life, political power, economic activity, and the number of ultra-high net worth people who live here.

Is it your time to call Miami home? If so, please feel free to Contact Stavros Mitchelides, Miami Beach Luxury Realtor today for assistance with your new penthouse purchase!

FAENA VERSAILLES CONTEMPORARY WAS A PLANNED CONDOMINIUM DEVELOPMENT IN MIAMI BEACH THAT HAS NOW BEEN PUT ON INDEFINITE HOLD. THIS PAGE IS FOR INFORMATIONAL PURPOSES ONLY.

Argentinian developer Alan Faena has announced that he is building two new luxury condo towers at his mixed-use, arts-centered development called the “Faena District” in Miami Beach. Faena Versailles Classic will be located in the former Versailles Hotel at 35th Street and Collins Avenue, will have 22 units inside a restored Art Deco façade. An adjacent brand new tower called Faena Versailles Contemporary will have 41 units. Faena Versailles Contemporary luxury residences is a 16-story direct-waterfront condominium residence building designed by architect Brandon Haw, located in Miami Beach at 3401 Collins Ave Miami Beach, FL 33140. Faena Versailles Contemporary has 10’6” ceilings, terrazzo floors, white lacquer custom Italian kitchens with quartz countertops and stainless steel appliances, bathrooms with custom marble flooring and designer fixtures and large balconies with breathtaking waterfront views of the Atlantic Ocean and the glorious beaches of Miami Beach. Faena Versailles Contemporary will have two 8200 square foot complete-floor penthouses that feature panoramic ocean and city views. The top-floor penthouse will have a private elevator, a rooftop pool with 3 terraces and an infinity-edge pool overlooking the ocean.

The Faena Versailles Contemporary features 41 unique residences, ranging from 1,111 square foot one-bedroom apartments to 5,469 square foot five-bedroom apartments. The two grand full-floor penthouses feature breathtaking 360 panoramic views with over 8,000 interior square feet. The upper penthouse level enjoys its own elevator and private stair access to a spectacular rooftop pool with three terraces and an infinity edge pool overlooking the ocean. The Versailles tower will have a palette of warm soft greys and whites with a lightly bronzed tint to the glazing. The balustrades will be a smooth, warm white cementious material with clear laminated glass-topped with a small custom designed capping. The narrow, two-inch-wide external decking to the terraces shall be of recycled wood composite material in a warm smoke-grey color, soft to the touch and cool in the heat of the sun.

RESIDENCES · Each apartment boasts spectacular 12’-15’ balconies and 10’ 6 “ ceiling heights in the main living areas · Full height glazing with sliding doors to the terraces · Polished concrete floors with ability to inset carpet, stone, matching concrete or wood flooring per resident’s choice · Custom Terrazzo floors · Composite wood decking to terrace areas · Custom full height doors with high quality hardware and concealed hinges
BATHROOMS · Powder rooms with custom vanities and marble floors · Master baths with custom marble vanities, walls and floors, freestanding bath and enclosed WC and shower areas, custom mirrored cabinets with integrated LED lighting · Secondary baths with custom vanities and marble floors. · Kallista fixtures (or similar)
KITCHENS · Custom white lacquer Italian kitchens with quartz stone countertops and integrated stainless steel appliances

Faena Versailles Contemporary Details:
Address: 3401 Collins Ave Miami Beach, FL 33140
Year Built: 2017
Bedrooms: 1 to 5
Square Ft. Range: 1111 to 5469
Number of Floors: 16
Number of Condominiums: 41
Price Range: $3,000,000 to $50,000,000

Faena Versailles Contemporary Balconies:
Private bedroom balconies: 175 to 295 square feet
West-facing balconies: 361 to 763 square feet
Ocean-facing balconies: 677 to 1,353 square feet.
Penthouse ocean balcony: 1,450 square feet
Upper penthouse ocean balcony: 1,432 square feet
Pool deck: 2,037 square feet
Rooftop pool: 2,097 square feet

Faena Versailles Contemporary Brochure (PDF)

Faena-Versaille-Contemporary-Floor-Plans (PDF)

Faena-Versaille-Classic-Availability (PDF)

Faena-Versaille-Contemporary-Availability (PDF)

“The design of the new Contemporary Versailles condominium tower, sited next to the soon to be restored Classic Versailles, Roy F. France’s 1941 architectural gem—is a project that works on many levels. At the urban level, the new tower harmonizes with its neighbors to create a perfect synthesis between the gently undulating forms of the historic building, and the sculpted horizontal lines of the new Faena House, itself a contemporary response to its own historic neighbor the Saxony Hotel, also designed by Roy F. France and opened in 1948. Allowing the historic Versailles to breathe once more, allowing light and air to permeate the site, the new Versailles condominium is an elegant and poised neighbor, symmetrically balanced and scaled to respect both France’s Versailles to the north and Faena House to the south. As with the pieces of a chess set, each has its place, form and purpose, yet whilst different, they work together to create the whole.”
– BRANDON HAW

Available Condos in Faena Versailles Contemporary:

If you, or anyone you know would like assistance with buying a condo at Faena Versailles Contemporary, please feel free to Contact Stavros Mitchelides, Miami Beach Realtor to chat about your needs, or if you’re ready to begin looking for your new Miami home, start your Miami real estate search now!

ABOUT BRANDON HAW
Brandon Haw is highly regarded internationally as an architect of exceptional ability, integrity and professionalism. Trained at the prestigious Bartlett School of Architecture in London and later at Princeton University where he received his Master’s degree, Brandon spent 26 years in the studio of Foster + Partners becoming a Senior Partner and board director responsible for many notable projects from the Commerzbank in Germany, the Hearst Tower in New York to the Faena House in Miami. With a firm belief that good design can change lives for the better and that every designer has a responsibility to ensure their work not only lifts the spirit but also functions well for its purpose, Brandon co-founded Leitersdorf Haw Architecture (LHA) in July 2014, as President and CEO with his Partner Jonathan Leitersdorf. Based in New York, the practice undertakes high added value projects in the residential and commercial sectors as well as socially conscious urban, cultural and educational projects internationally.

ABOUT FAENA GROUP
Founded by Alan Faena, Faena Group specializes in the creation of one-of-a-kind holistic environments anchored in cultural experiences and socially responsible projects that integrate residences and hotels with art and cultural spaces. Faena Group is rooted in ideas and concepts that have the power to reshape and enhance our world. All of its projects are destination landmarks that inspire original thinking and cultural interaction. Since 2000, Alan Faena has partnered with Len Blavatnik, a business leader with global interests in natural resources, media, entertainment, telecommunications, and real estate; together they have transformed an abandoned stretch of property, the docklands of Puerto Madero, into one of the most valuable pieces of real estate in Latin America. The Faena Group’s success in Argentina has consolidated the company’s expertise in urban development. In 2015, Miami Beach will see the launch of the first phase of the Faena Group’s global expansion.

Faena Versailles Contemporary Video:

Faena Versailles Contemporary. By Brandon Haw from faena.com on Vimeo.

Faena Versailles Contemporary Location:

If you, or anyone you know would like assistance with buying a luxury residence at Faena Versailles Contemporary, please feel free to Contact Stavros Mitchelides, Miami Beach Realtor to chat about your needs, or if you’re ready to begin looking for your new Miami home, start your Miami real estate search now!.