BuildCentral is currently tracking over $56 billion in planned luxury multi-family projects across the United States. Although luxury multi-family projects account for a paltry three percent of all planned and under-construction multi-family projects on MultiFamilyData’s watch, those same luxury projects represent almost nine percent of all multi-family dollars in planning.
The natural question, then, is where are these planned projects going to take place? Well, that’s where we come in: we’re looking into planned luxury multi-family projects in Miami, Florida, because sunny South Florida, for reasons you can surely guess, is attracting a whole bunch of luxury construction. Take a look at our breakdown of Miami, Florida’s planned luxury multi-family residence market below:
Zooming out of the Sunshine State, we also rounded up some insights on the United States’ luxury multi-family construction pipeline.
Notable Planned Luxury Multi-family Projects in Miami, Florida
One River Point
| Construction Type: |
New |
# of Units: |
418 |
| Project Type: |
For Sale |
Building Type: |
Skyscraper (40+) |
| Estimated Value: |
$210 million |
# of Buildings: |
2 |
| Sector: |
Private |
Product Type: |
Luxury |
| Location: |
Miami, FL 33130. 24 Southwest 4th Street |
| Details: |
Plans call for the construction of two connected 60-story, luxury condo towers with 404 units. Building amenities will include an 8,000-square-foot signature waterfront restaurant and lounge, an infinity-edge pool and regulation size lap pool, a pool side cafe and restaurant with butler service, a 6,000-square-foot fitness and wellness center, private poolside cabanas, a medspa, rotating art exhibits, concierge service, and a business center. There will also be a 35,000-square-foot members club with club suites, a fine dining restaurant, cocktail bar and cigar lounge as well as a Chef’s kitchen, wine cellar, a library and a screening and media rooms. |
| Stage: |
Groundbreaking |
| Construction Start: |
Q1/2022 |
| Construction End: |
Q4/2025 |
One Bayfront Plaza
| Construction Type: |
New |
# of Units: |
> 350 |
| Project Type: |
For Rent |
Building Type: |
Skyscraper (40+) |
| Estimated Value: |
> $100 million |
# of Buildings: |
1 |
| Sector: |
Private |
Product Type: |
Luxury |
| Location: |
Miami, FL 33131. 100 South Biscayne Boulevard |
| Details: |
Plans call for the construction of a 92-story, 4.2 million-square-foot mixed-use tower with 1,361 luxury apartments; 303,959 square feet of retail; 532,000 square feet of offices; a 200-room hotel; and 1,055 parking spaces. It would also include a data center. A 19-story building on the site will be demolished. |
E11even Hotel & Residences
| Construction Type: |
New |
# of Units: |
251-350 |
| Project Type: |
For Sale |
Building Type: |
Skyscraper (40+) |
| Estimated Value: |
$25-$100 million |
# of Buildings: |
1 |
| Sector: |
Private |
Product Type: |
Luxury |
| Location: |
Miami, FL 33132. 29 NE 11th St |
| Details: |
Plans call for the construction of the 65-story, 375-unit E11even Hotel & Residences, which will feature condo-hotel units. The project will also include 2,049 square feet of office space, a four-story parking garage, 36,852-square-feet of commercial space, the 20,000-square-foot E11even Day Club which will feature a 2,200-square-foot pool, cabanas, a gourmet food hall, a wellness center, sports lounge, beach club, and art installations. A second phase will consist of another 65-story tower with 416 condominium units, one floor of coworking space, a private rooftop club, and a sky port. |
| Stage: |
Groundbreaking |
| Construction Start: |
Q1/2022 |
| Construction End: |
Q4/2024 |
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