Spider gears up for Edgewater condo groundbreaking after reaching 40 percent sales

Units start at $500,000 and 955 square feet

Jul.July 25, 2016 12:10 PM

With buyers already lined up for a big chunk of its units, Spider is setting its sights on a fall groundbreaking for its Spark condo tower in Edgewater.

The developer announced this week that 40 percent of Spark’s 56 condos have been pre-sold, and that construction would begin on the 27-story tower by the end of this year.

Units at the tower start at $500,000 and will be delivered move-in ready, the developer said, with finishes including “top-notch appliances,” floor-to-ceiling windows and large balconies.

Andres Goldenberg, a principal at Spider, said the project is for homeowners who “want to experience luxury at a human scale.” Units at the project are sized between 955 square feet and 1,800 square feet, with the largest of its penthouses measuring 3,925 square feet.

Spark is one piece of a new development wave hitting Edgewater, once a neighborhood made up almost entirely of single-family homes and low-rise apartments. Builders like the Related Group and Two Roads Development are erecting a spate of luxury high-rises, and Spider itself is also planning another project in the neighborhood: 25, a middle-end condominium with 93 units.

Located at 522 Northeast 34th Street, the Spark development site was assembled by Spider in 2014 for a combined $3.55 million. Its sales center, at 123 Northeast 25th Street, is now open. — Sean Stewart-Muniz

Related Articles

Alex Sapir and the site at 1768 Northeast Second Court (Credit: CBRE)

Alex Sapir’s massive Opportunity Zone site in Miami hits the market

Rendering of Crescent Heights’ project with Russell Galbut

Crescent Heights to begin construction of massive Edgewater project

James Harpel and The Bristol in West Palm Beach

South Florida developer pays $8M for condo at the Bristol

Broker Jamie Maniscalco and Russell Galbut with 2901 Northeast Second Avenue

Russell Galbut closes on missing piece of his Edgewater assemblage

Listing broker Rani Hussami and Hamilton on the Bay

Arison-developed Hamilton on the Bay hits the market in Edgewater

Real estate broker and radio host Jim Fried jumps into Miami commission race

Island Bay renderings and Carlos and Martin Melo

Melo Group reveals plans for massive 60-story towers in Edgewater

Russell Galbut and 3000 Biscayne Boulevard (Credit: Haute Living and Google Maps)

Crescent Heights buys Staples building in Edgewater