Miami Real Estate Today News: Projects Under Construction in Miami

According to Consultant Peter Zalewski condo developers have been on a tear, proposing an average 1,000 new units per month since October 2012.

Since the fourth quarter of last year, developers have announced nearly 90 buildings representing a combined 9,500 new units.

An additional 1,200 units are expected to be announced in coming weeks. Since April 2011, 145 towers have been proposed, with the bulk — about 90 towers — to be constructed in Miami.

South Florida developers have recently filed applications with the Federal Aviation Administration — the governmental entity that governs airspace — to obtain approval to assemble construction cranes within the next 15 months for Chateau Group’s proposed 60-plus-story, 713-foot-tall tower at 600 Biscayne Blvd. and 710-foot-tall tower with at least 60 stories at 700 Biscayne Blvd; and Newmark Development Group’s planned 610-foot-tall tower with 55 stories at 24 SW 4th St. on the north bank of the Miami River, Zalewski wrote, adding that the total count is unclear with the developers still at the planning phase.

Unlike the previous boom, there is virtually no construction financing available with developers depending on deposits of about 50 percent to cover the building costs.

Residential Projects Under Construction:

Project	Address	Units	Floors
Bellini At Williams Island	4100 Island Blvd., Aventura	70	24
1100 Millecento Residences	1100 South Miami Ave., Miami	382	42
BrickellHouse	1300 Brickell Bay Dr. Miami	374	46
MyBrickell	30 SE Sixth St., Miami	192	28
Oceana Key Biscayne	350 Ocean Drive	154	15
Miami Beach Edition	2901 Collins Ave	26	11
Chateau Beach	17451 Collins Ave.	84	35
Mansions At Acqualina	17749 Collins Ave.	79	46
Regalia	19505 Collins Ave.	39	43

Residential Projects Gearing Up:

Project	Address	Units	Floors
Saxony	3399 Collins Ave.	67	19
Porsche Design Tower	18555 Collins Ave.	132	57
ICON Bay	450 NE 28th St.	300	40
Palau at Sunset Harbour	1201 20th St.	50	5
Grove at Grand Bay	2669 S. Bayshore Dr. 97	96	20
4701 North Meridian	4701 N. Meridian Ave., MB	145*	10
Unique	17141 Collins Ave.	62	44
Jade Signature	16901 Collins Ave.	192	55
One Ocean	2 Ocean Drive, MB	50	7
400 Sunny Isles	400 Sunny Isles Blvd.	230	20
321 Ocean Drive	321 Ocean Drive.;	N/A	9
Village At Island Estates	5000 Island Estates Drive	148	8
Peloro Miami Beach	6610 Indian Creek Drive	115	7
Marina Palms Yacht Club	17301 Biscayne Blvd. NMB	468	24
Echo Aventura	3250 NE 188th St. Aventura	190	11
Harbor Park	9901 E. Bay Harbor Dr.	20	9
Edgewater Apartments Condo	9821 E. Bay Harbor Dr.	41	9
Club At Bay Harbor	1025 92nd St.	42	8
Ivory	9261 E. Bay Harbor Dr.	41	8
Merrick Manor	4133 LeJeune Road, Coral Gables	180	10

Commercial Projects Under Way:

Project	Address
Brickell CityCentre	701 S. Miami Ave and surrounding area
1400 Biscayne**	1400 Biscayne Blvd.
Miami Design District	From NE 38th St to NE 42nd St and W of NE 2nd Ave
Dadeland Mall	7535 N Kendall Dr.