Watch construction crews pour foundation for Muse Sunny Isles: VIDEO

50-story tower is slated for completion in 2018

TRD MIAMI /
Mar.March 24, 2016 12:45 PM

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. 


Related Articles

arrow_forward_ios
Renderings of the project and Gil Dezer (Getty; Renderings via  Zyscovich Architects)

Dezer’s 30-acre megaproject in North Miami Beach gets first approval

Dezer’s 30-acre megaproject in North Miami Beach gets first approval
Jeff Burns, Nick Rojo, The Bohemian Lake Worth

Affiliated Development’s Lake Worth Beach apartment project approved

Affiliated Development’s Lake Worth Beach apartment project approved
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
A rendering of the Intracoastal Mall and Gil Dezer

Dezer’s plans to remake Intracoastal Mall face opposition

Dezer’s plans to remake Intracoastal Mall face opposition
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Alta Developers CEO Raimundo Onetto and Le Parc at Brickell rendering

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects
Vanessa Grout with Vladislav Doronin

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
arrow_forward_ios

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

Loading...