The Real Deal Miami

Making a splash: Aston Martin Residences to offer yacht service to beach as latest amenity

Developer is working to secure deals with beachfront properties
By Katherine Kallergis | October 12, 2018 12:30PM

Aston Martin Residences

The developer of the Aston Martin Residences in downtown Miami is aiming to make a splash with the latest amenity offering: a butler service that takes owners from the luxury high-rise to the sand – via yacht.

G&G Business Developments is working with International Booking Services LLC to offer the amenity, which includes home management and luxury travel support. G&G, owned by the Coto family of Argentina, is also working on deals with beachfront properties that would give residents access to those beaches. A spokesperson declined to identify the sites.

The plan to offer residents their own beach – despite the building being located on the bay at the mouth to the Miami River – isn’t new for the future 66-story, 391-unit tower Aston Martin Residences. In May 2017, the Miami City Commission decided not to pursue an unsolicited and controversial bid to build a $4 million pavilion at Virginia Key Beach Park – a historic beach that was once segregated.

A report in August found that Greater Downtown Miami has about five years of excess supply of luxury units priced at least $1 million, based on the current pace of sales. Luxury condo developers in Miami are upping their amenity game amid an oversupply of new projects.

At the Estates at Acqualina in Sunny Isles Beach, developer Jules Trump is building Villa Acqualina with 50,000 square feet of amenities that include Formula One simulators, an ice-skating rink, bowling lanes and a movie theater. And at the Ritz-Carlton Residences, Miami Beach, Lionheart Capital will have an on-site house yacht that can take residents around Surprise Lake.

Prices at Aston Martin Residences, at 300 Biscayne Boulevard Way, range from about $600,000 to more than $50 million. It’s expected to be delivered in 2021, which some say could be the start of the next cycle.