An iconic piece of South Beach’s skyline is getting a multimillion-dollar facelift.
The Continuum on South Beach, a pair of two luxury condo towers at 50 and 100 South Pointe Drive, developed by Ian Bruce Eichner’s Continuum Co., will undergo an exterior renovation costing between $8 million and $8.5 million. It will be led by ArquitectonicaGEO, the landscaping arm of Arquitectonica, said Rishi Idnani, managing director of Continuum On South Beach.
Both condo associations completed interior renovations in 2018, and the complex is now being rebranded as “Continuum.” The exterior revamp will cover 100,000 square feet and will begin between late May and early June. It’s expected to take 15 months, Idnani said.
The project is being financed using the association’s funds, and unit owners will not be required to pay a special assessment. Units at Continuum are known to have high resale values, and often sell for more than $2,000 per foot.
The project calls for using native tropical plants and trees; activating outdoor spaces; revamping the driveway, lower and upper rotundas, entrance and gatehouse areas; replacing water fixtures; and adding pedestrian walkways.
Idnani said the construction will begin at an ideal time for the property, which is approaching its 20-year mark in 2022.
About 40 units of 318 are on the market in the south tower, ranging from $2.8 million to $5.2 million, according to Brown Harris Stevens Miami broker Mark Zilbert’s website. In the north tower, 31 units of 203 are on the market, asking between $949,000 and $11.75 million.
Recent sales include the $7.9 million trade of unit 3304 in the south tower to New York investment manager Jay G. Goldman. Goldman paid more than $3,000 per foot. Last month, Dr. Smood founders Rene and Patricia Sindlev paid $6 million for a townhouse in the north tower.