The Real Deal Miami

Check out new renderings of Hyde Midtown

77 percent of the project's 410 condo residences are presold

September 29, 2016 11:15AM
By Katherine Kallergis

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Now that vertical construction of Hyde Midtown has passed the 50 percent mark, developers are unveiling new renderings of the Midtown Miami condo project.

Dezer Development, the Related Group and sbe broke ground on the 32-story mixed-use tower, at 3401 Northeast First Avenue, in September with an estimated completion date of 2017. At least 77 percent of the project’s 410 condominium residences have been sold, a spokesperson told The Real Deal.

Amenities will include a piano bar, putting green, outdoor spa, private dog park, private screening center, pool deck, spa and fitness facilities, plus event and meeting spaces.

David Rockwell designed the hotel lobby and suites and sbe will manage the hotel component, a 60-room hotel the developers sold to a New York investor for $30 million.

In February, the developers scored $114.7 million in financing for the project, which launched sales in 2014. Units range in price from the low $400,000s to $2 million.

A number of new projects are in the pipeline in Midtown, including Midtown 5, 6 and 7.