Mansions at Acqualina to be completed July 15

47-story, 72-unit tower is 100 percent sold, with prices from $8.4M to $55M

TRD MIAMI /
Jun.June 03, 2015 05:30 PM
Mansions at AcqualinaMansions at Acqualina

Massive bronze sculptures and sparkling Swarovski crystal chandeliers grace the lobby. The mezzanine level offers residents a golf simulator, fitness center with Hamman sauna and hydrotherapy showers, and cigar and wine lounges. And at the top of the 47-story tower, a glass-bottomed pool hangs off a penthouse with 30-foot-tall ceilings.

The Mansions at Aqualina, developed by Jules and Eddie Trump of the Trump Group, is in its final stages of completion, with a scheduled delivery date of July 15, Michael Goldstein, president of sales, told The Real Deal. Sales will start to be recorded shortly after that, with penthouses closing by the end of the year.

During a private tour of the site, construction workers were putting on the finishing touches. Coastal Construction has brought in an additional 200 workers to finish the project, Goldstein said.

The Sunny Isles Beach tower’s 72 units start at 4,600 square feet, with penthouses ranging from 9,000 square feet to 12,000 square feet.

“A lot of buyers have sold homes in Golden Beach, and don’t want the upkeep of a house,” Goldstein told TRD. “But they don’t want another [condo project] because the units are too small, there are too many units, or they do not have the amenities.”

The 649-foot tower, with units priced from $8.4 million to $55 million, is 100 percent sold, he said. The majority of buyers are from North America, with 48 percent from the United States and 12 percent from Canada. Another 17 percent are from Brazil, 8 percent from each of Mexico and Venezuela, six percent from Russia, 3 percent from Argentina and 2 percent each, from Ecuador and Israel.

“The type of buyers we’re getting are buying units as a true primary residence or as a second home,” Goldstein said. Many have upgraded from smaller units at Acqualina, next door.

Among the “furniture-ready” condos’ features: all units have summer kitchens and hot tubs, and six penthouses have indoor pools. One top-floor unit has a pool hanging off the side of the building. Common areas are decorated with Fendi Casa furnishings.

Other amenities include the Mansion Grill, which will be open on weekends, two outdoor pools, 24-hour room service, and complimentary access to a Rolls-Royce Phantom and driver.

The Mansions’ lobby features walls of wood, marble, leather and fabric. From the ceiling hang two Swarovski chandeliers, each with 30,000 crystals, carrying a price tag of $250,000.

In the center of the space: 12-foot tall bronze sculptures by sculptor Guy Dill, named Loma and Venice Angel, each weighing 1,000 pounds. Nearby is a private movie theater with stadium seating and a candy counter.

On the mezzanine level are a juice bar, a gym, Hamman sauna, hydrotherapy showers, a golf simulator, a playroom, a game room, and cigar and wine lounges.

“This is the kind of place you come and you never have to leave,” Goldstein said.

Mansions is the second of the Trump Group’s Acqualina towers, following Acqualina, which was delivered in 2006. Prices for Acqualina, during the downturn, started at $389 per square foot, Goldstein said. Today, those units are reselling at prices of $1,445 per square foot, he said.

The Estates at Acqualina is the next project to come, with 264 units in two towers, on a 5.6-acre-property. The 50-story tower’s units are priced from $3.9 million to $40 million. An amenities villa will include an ice skating rink, bowling, a movie theater, a children’s game room and a computer and electronics room.

Outside, the project will feature a sculpture garden, walking trails, and six pools —  with a FlowRider for surfing, bocce court, dog park, soccer field and basketball court. So far, 50 units have been reserved, totaling nearly $300 million, Goldstein said. Construction will begin next year, with completion expected in 2019.


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