30% Of Units At Hyde Midtown, Paraiso Bayviews Converted To Contract; Construction Within Months

Related Group is in the process of converting reservations to contracts at two projects, which will allow for construction to begin soon.

Both Hyde Midtown and Paraiso Bayviews have close to 30% of units converted to contracts since the effort began 30 days ago. Those numbers were achieved even as Art Basel and the holiday season interrupted the process.

Related Group’s Carlos Rosso told TNM that rising land and construction costs could mean that these are some of the last chances to buy at entry level pricing. Units start from $300,000, or the low $400s per square foot.

Dezer Development is a co-developer of the Hyde Midtown project. Arquitectonica is the architect for both projects.

Construction on both projects is estimated to begin in the late second or early third quarter.

New Hyde Midtown interior renderings:

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So Basel and snowbirds “interrupted” sales? Interesting…


Don’t you love how they twist the news? It’s obvious things have slowed down. They are blaming low sales on Basel. Unbelievable PR.


You need to have better perspective of the sales process. Sales might have slowed down for some projects which I mentioned in prior posts but these units are 80%+ reserved with more being reserved everyday.

After reservations the units are converted to contracts. This is a huge administrative task with over 350+ units per building. It takes time to write the contract, send hard copies, process hard copy, send and check escrow, etc. During art basel and the holidays these administrative and clerical teams tend to not work and go on vacation. So there is a delay in converting the contracts.

30% is very good and means that the units are not being cancelled and placed back on the market. People are reserving units have been serious in thier purchase.


Sorry but it doesn’t matter what you say, some people are still going to come on here with their own perspective.


They are kicking ass at those prices and with those price points


Great interiors…


As usual Related sells faster than anyone else….fastes selling jobs in the area.
Both very close to the Design District and all what Craig Robbins has created…kuddos


Are the units coming completely finished inside or ‘design ready’ as most in Miami?


Last time ai checked they were completely finished with ceramic tile in the units


Great location 2 blocks away from the Design District…this whole are will grow a lot with all what Craig Robbins has done in the area..


If only we got an extension of the Metromover up to 36th street via Biscayne or N.Miami Ave.


Hyde Midtown is 3 blocks away from the Design District courtyard


If only they could extend the metromover to the design distract.


They are right , these are the last affordable luxury jobs…
Today’s similar jobs are at around $600/650 a sft…to find units from the $400 to $550 next to BCC, in the Paraiso comunity or Midtown is an anomaly that wont last long.