After pouring the foundation for Muse Residences in December, construction crews are working on the 10th floor of the Sunny Isles Beach condo tower.
Property Markets Group and S2 Development are developing the 50-story tower, which is slated for completion in 2018. The joint venture partners closed on a $134 million construction loan for the building in August from Canyon Partners Real Estate, a Los Angeles-based investment management firm and adviser.
When it opens, the 68-unit condominium will include a robotic parking system, infinity-edge pool and spa, poolside food and beverage services, and a fitness center. ISG World is the project’s exclusive sales and marketing firm. It’s 70 percent sold.
Muse, at 17141 Collins Avenue, is just north of Jade Ocean and Jade Beach. Other projects in Sunny Isles include Aurora, Turnberry Ocean Club, and Residences by Armani/Casa. The city is the fourth most active market east of I-95 this cycle with more than 3,165 new units announced. – Katherine Kallergis
Correction: An earlier version of this story incorrectly identified Muse as a 47-story tower. It will be 50 stories when completed, according to a spokesperson.