Edgewater’s tallest building tops off at 57 stories

Condos range from $1.8M to more than $10M

Miami /
Dec.December 10, 2019 08:45 AM
Elysee building at 788 Northeast 23rd Street

Elysee building at 788 Northeast 23rd Street

The tallest building in Miami’s Edgewater neighborhood topped off construction at 57 stories high and 649 feet tall.

Two Roads Development’s waterfront Elysee condominium at 788 Northeast 23rd Street is scheduled for completion in 2020.

Designed by architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s multi-tiered facade allows the building to get wider as it gets taller. The building overlooks Biscayne Bay and sits just north of downtown Miami.

Units are priced from about $1.8 million to north of $10 million. The 100 half-floor and full-floor condos range from three- to six-bedrooms between 2,200 and 6,000 square feet in size, according to a press release.

The lobby level will include a lounge and a waterfront pool, while the seventh-floor amenity level will be stocked with a resort-size “sunset” lap pool, a fitness center and yoga studio, a spa with private sauna, steam and massage rooms, a blow-dry bar and a children’s playroom.

In July, an 11,600-square-foot, three-story penthouse sold for $12.8 million – marking the highest price paid for a condo in Edgewater. In January, Douglas Elliman took over sales of the luxury condo tower from Cervera Real Estate at 50 percent sold.

In August 2018, Two Roads Development secured a $138 million construction loan from JPMorgan Chase.


Related Articles

arrow_forward_ios
Bay Park at 3301 Northeast Fifth Avenue (Google Maps)
Investment firm makes $130M offer for 60-year-old Edgewater condo complex
Investment firm makes $130M offer for 60-year-old Edgewater condo complex
A rendering of the project and Nicole Kushner Meyer (Kushner)
All in on Miami: Kushner pays $21M for Edgewater site of planned apartment tower
All in on Miami: Kushner pays $21M for Edgewater site of planned apartment tower
Jose Luis, Martin and Carlos Melo with renderings of Aria Reserve (Melo Group)
Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
Seeing double: Melo joins Miami condo craze with two-tower Edgewater project
Arch Companies founders Jeffrey Simpson, Jared Chassen and Infinity's David Berg. (Google Maps, Infinity, Getty)
Arch, Infinity JV to build mixed-use multifamily tower in Miami’s Edgewater
Arch, Infinity JV to build mixed-use multifamily tower in Miami’s Edgewater
TPG CEO Jon Winkelried with AC Hotel Miami Midtown at 3400 Biscayne Boulevard and the next-door Hampton Inn & Suites at 3450 Biscayne Boulevard (Hilton, Google Maps)
Why buy one when you can take two? TPG nabs Miami AC Marriott, Hampton Inn in Edgewater for $61M
Why buy one when you can take two? TPG nabs Miami AC Marriott, Hampton Inn in Edgewater for $61M
Robert Rivani of Black Lion Investment Group and Wynwood Arcade. (LinkedIn, Cushman & Wakefield)
Black Lion doubles down on Miami with purchase of Wynwood Arcade, Amara at Paraiso
Black Lion doubles down on Miami with purchase of Wynwood Arcade, Amara at Paraiso
Hamilton on the Bay
Battle for their apartments: Hamilton on the Bay tenants in Miami’s Edgewater fight Aimco’s lease terminations
Battle for their apartments: Hamilton on the Bay tenants in Miami’s Edgewater fight Aimco’s lease terminations
2955 Northeast Seventh Avenue and Arte Surfside and Arrington's Coral Gables mansion (Google Maps, Arte, James Irwin / ONE Sotheby’s International Realty)
South Florida by the numbers: The mainstreaming of cryptocurrency
South Florida by the numbers: The mainstreaming of cryptocurrency
arrow_forward_ios

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

Loading...