The Real Deal Miami

Ground broken for construction of Elysee Miami

The 100-unit, 57-story condominium in Miami's East Edgewater neighborhood is expected to open in 2019

Rendering of Elysee and Reid Boren, Two Roads managing principal

Two Roads Development broke ground for construction of Elysee Miami, a 100-unit condominium tower in the Miami’s East Edgewater neighborhood.

West Palm Beach-based Two Roads, led by managing principal Reid Boren, is developing the 57-story condo at 788 Northeast 23 Street in partnership with entities managed by New York-based investment firm DW Partners. Construction is expected to be completed in 2019.

Mosaic Real Estate Credit of Calabasas, California, provided a $16.5 million loan for the first phase of construction, part of a larger commitment by Mosaic to finance construction of Elysee.

Condo units at Elysee are priced from $1.5 million to $10 million. The 100 half-floor units have 2,300 square feet to 4,000 square feet and three-, four- and five-bedroom floor plans.

The building’s seventh floor will have a swimming pool, refreshment bar, gym, yoga studio and children’s play room, plus a spa, an outdoor kitchen and a barbecue terrace.

Amenities on the 30th floor will include a bar and lounge area, an event-sized dining room with seating for as many as 30 guests, a library that doubles as a private theater, a game room and wine room.

The architect is Bernardo Fort-Brescia of Arquitectonica, and Jean-Louis Deniot is the interior architect and designer.

The Elysee development site is located near Biscayne Beach, a condominium that Two Roads delivered earlier this year. [Miami’s Community Newspapers] Mike Seemuth