South Florida by the numbers: Focus on Sunny Isles Beach

Miami /
Sep.September 22, 2015 10:30 AM

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

Big real estate news from Sunny Isles Beach has come fast and furious in recent months. Once the home of tacky and outdated beachfront hotels, Sunny Isles Beach has gone vertical in a major way during the past decade. Developers are luring buyers with well-known brand names like Porsche, Armani, Ritz-Carlton (and Trump?), and gleaming towers that offer spectacular views and increasingly outrageous amenities.

Famous for its high concentration of Russian residents, the area has also become home to large populations of Brazilians, Colombians, and Venezuelans, as well as Israelis and Italians. Things may look “sunny” now, but what will the future hold for such a diverse, population-dense, and progressively wealthy neighborhood built along an already busy north-south thoroughfare? Let’s take a look in this Sunny Isles Beach edition of South Florida by the numbers.

60: Once completed, number of stories of the Porsche Design Tower, where residents will take their cars up to their condos and park them in “sky garages”. A glass-walled “Dezer-vator” (named for the project’s developer) will whisk both driver and vehicle directly to their unit. [The Real Deal]

45,000: Number of square feet at Villa Acqualina, an amenities complex to be available at the Estates at Acqualina, the third phase of Eddie and Jules Trump’s luxury condo project. It will include a spa and fitness center, restaurant, and the “Circus Maximus” section, featuring an ice skating rink, bowling lanes, movie theater, and “Wall Street Trader’s Club” room, where residents will have access to ticker tape, computers and a board room. [SFBJ]

3: Full stories that will be solely devoted to amenities at the Turnberry Ocean Club. The project’s “Sky Club” will feature a restaurant, two bars, a yoga studio, a nail and blow-dry salon, as well as two pools that jut out from the building on its ocean (eastern) and bayfront (western) sides. [Miami Herald]

$8 million: Cost of sales gallery for Residences by Armani/Casa, a Dezer Development and Related Group luxury condominium project scheduled to break ground next month, and to be completed in early 2018. [Curbed]

15 feet: Ceiling height of the five Arquitectonica-designed penthouses at the Ritz-Carlton Residences, Sunny Isles Beach, a partnership between Fortune International Group and Château Group. The 52-story residence will span over 2.2 acres, and is scheduled for completion in 2018. [Haute Living]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.


Related Articles

arrow_forward_ios
Joe Biden and Donald Trump (Getty)

South Florida by the numbers: 2020 presidential election and real estate

South Florida by the numbers: 2020 presidential election and real estate
Turnberry Ocean Club and Jeffrey Soffer (Getty)

Closings begin at newly completed Turnberry Ocean Club in Sunny Isles

Closings begin at newly completed Turnberry Ocean Club in Sunny Isles
Icon unit tops list of most expensive condo sales in Miami-Dade (Google Maps; Icon Brickell)

Condo sales and dollar volume up from last week

Condo sales and dollar volume up from last week
A map of condo sales and Setai in Miami Beach (Credit: Google Maps)

Weekly condo sales volume in Miami drops to $50M

Weekly condo sales volume in Miami drops to $50M
(iStock)

South Florida by the numbers: Miami millennials

South Florida by the numbers: Miami millennials
From left: David Koster, Gabriel Markovich, Seth Kaufman and Daniel de la Vega

One Sotheby’s acquires Decorus Realty in Sunny Isles Beach

One Sotheby’s acquires Decorus Realty in Sunny Isles Beach
Ben Nehmadi, Joseph Zichelle, Melissa Barragan, and Adam Gurewicz, with the unit

Turnberry Ocean Colony PH in Sunny Isles Beach sells for $7M

Turnberry Ocean Colony PH in Sunny Isles Beach sells for $7M
Judge gives Regalia developer A year to sell remaining units

Bankruptcy judge gives Regalia developer a year to sell PH and beach house

Bankruptcy judge gives Regalia developer a year to sell PH and beach house
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...