37-Story Tower Without Parking Garage Nearly Sold Out After Just A Few Months

The District 225 tower planned in downtown Miami is already nearly sold out, the developer has announced.

The 37-story District 225 tower becomes yet another Miami condo tower planned without a parking garage to achieve strong sales. Other nearby condo towers planned without parking, including Centro, Yotelpad, E11even and 501 First, have also sold out quickly.

In a social media post, the developer said the tower had achieved a “record” sales pace, with 87% of units in contract after just 5 months.

A total of 343 condo units are planned, with around 300 of those now sold.

Prices appear to be around $700 per square foot, with units delivered fully finished and furnished.

Buyers are required to place deposits totaling 40% of the condo unit’s value during construction.

The developer filed a Notice of Commencement with Miami-Dade County on September 24 stating that total demolition was underway at the site.

City records show that a demolition permit was issued on October 2. There does not yet appear to be any construction permit pending yet.

The developer has previously said groundbreaking would take place in the fourth quarter of 2021.

 

 

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Anonymous
29 days ago

Yes! Less parking and more pedestrian-friendly amenities please.

Anonymous
29 days ago

New Yorkers coming largely don’t want a car. This is a great trend.

Anonymous
29 days ago

We need the trend where they extend the Metromover

Anonymous
29 days ago

Government Center Station is literally a block away.

Anonymous
29 days ago

I’m not sure about this. Once people discover how feeble this city’s transit system is, they break down and buy a car. Nice dream, poor execution.

Anonymous
29 days ago

Wait until New Yorkers find out their is no subway in Miami!

Anonymous
29 days ago

Wait until they find out there’s no income tax and our dumbest politicians are MENSA tier compared to the tool mayor elected.

Anonymous
28 days ago

Around 40% of NYC residents do own a car, and the other 60% would heavily research their transit options heavily before moving somewhere else. NYers don’t play the ignorant fool well.

Anonymous
27 days ago

That’s not truly accurate. Most of the people in that 40% that have cars are located in Staten Island, Queens and Brooklyn where they have driveways to park them. Those are areas without the highrises. If we are talking about highrise buildings without parking that would be Manhattan where only 22% of households have a car. The transit system here is non-existent, and if we want to combat the traffic problem, we need a better public transit system. Constructing buildings without garages doesn’t move people around and if they end up buying a car and parking it in a public garage two blocks away that doesn’t alleviate the traffic issue. I’m from New York and would much rather have a better public transportation system, but guess what??? I have a car parked in a garage across the street from the building I live in that has no parking. Getting around Miami is still a necessity and again constructing a building without a garage isn’t going to help the traffic. Imagine how bad it’s going to be when all these people move in and do the same as I did? Garages will be full and downtown traffic a nightmare. This city does an awful job with planning for growth.

Jesus
29 days ago

We should make it a guideline that these garages shouldn’t be built at all. We have a metromover, metrorail, Uber, Lyft, walking, scooters, bikes, we need to be more pedestrian friendly as we’re trying to be and encourage people not to have a car. I keep repeating this because we are on track to make traffic an absolute nightmare in the future. We really need to connect south Dade, north Dade, west Dade to the metrorail. I would also throw in Broward as well.

Anonymous
29 days ago

Amen.

Azarius
29 days ago

Public transit is for ppl with time on the hands to waste. Hate it or Love it I don’t have that type of time

Anonymous
29 days ago

As opposed to wasting time sitting in traffic?

Anonymous
27 days ago

If done correctly it’s more time efficient. I’m from NYC and can get around by trains faster than a car any day. But we have a great subway system in NYC. Miamis system is a joke.

bro bro
29 days ago

did someone say broward? 🤮

Anonymous
27 days ago

These systems are not efficient transportation and are not going to reduce the traffic. This city needs to heavily invest in a better system before it’s too late which in may already be.

LGBFJB
27 days ago

If you don’t want a car, fine. But don’t force it on other people! Even with decent public transportation, there are people that want cars. Don’t like it? Feel free to move back to New York or California.

Anonymous
29 days ago

Plain Jane, no big deal.

Anonymous
29 days ago

Miles better than Downtown 5th.

Anonymous
29 days ago

Probably because the investors buying the units never plan on spending much time there.

Anonymous
29 days ago

This. I was literally thinking this. Im starting to think that a lot of these units in Dwntwn being sold are not in fact being lived in but rather investment properties with the owners hoping they will rent them out. As a potential home buyer, I hope this leads to a cool in the market when the rent demand runs out and investor buyers retreat…I said it, hate me 🙂

Anonymous
29 days ago

Back in the Cocaine Cowboy 1980s, wealthy foreigners would stash their cash in the banks located in the newly built office buildings that were sprouting up all over the Brickell area. Over the last 20 years, as interest rates have collapsed and bank returns are now zilch, the money is now parked in empty condo units.

Anonymous
29 days ago

So they’re not being lived in by the people renting them out?

Anonymous
29 days ago

^Not all units are rented out. Some just sit vacant except for the occasional owner visit. I live in such a building on the beach where this is normal.

miamiFranky
28 days ago

rent demand will not run out. Miami top 10 city in the world. Everyone wants to try it once.

Anonymous
29 days ago

Paramount for example was almost sold out when I bought my unit. The developer has over 100 units and he handles them at his pleasure, a complete nightmare for residents.

Anonymous
29 days ago

Lets collapse all these garages in downtown and build skyscrapers. Lets make miami a real tech city and all these scammers move out of the city.

Anonymous
29 days ago

This “sold out” thing is a scam. The developers manipulate those numbers for marketing purposes.

Anonymous
29 days ago

but why?…if a buiding publicy stated ‘sold out’ no one would bother to go look at it if they were in the market to buy…..

Anonymous
29 days ago

Urgency, whether real or fake, is the number one selling tool of salespeople.

Anonymous
29 days ago

It may just mean that they have collected enough deposits to sell out. But sometimes sales dont always go through

miamiFranky
28 days ago

if sales don’t go thru they get to keep the deposit, 20% at first and 40% after foundation pour, plenty of safety. crash of 2006-2009 was due to accepting only 5% depostis.

Anonymous
29 days ago

another sold out building with no building permit applied for ?

Anonymous
29 days ago

They are all sitting on people’s reserve down payments…

Anonymous
29 days ago

LOL, just like Byedone’s thirty-seven percent approval rating.

Anonymous
29 days ago

Biden is the president, Trump is the whiner.

Anonymous
27 days ago

Trump sore losers still losing.. Economy booming, Miami booming and all they care about is their little cuckold president.

Anonymous
29 days ago

There are thousands of MPA – Miami Parking Authority owned parking spaces in garages within 2 blocks, walking distance, that offer monthly rates. Shared parking garages are the future.

Anonymous
29 days ago

Amazing to Have less parking and hopefully less cars around but if we don’t create a state of the art public transportation, I doubt this will be long lasting and feasible.

Anonymous
29 days ago

E11even doesn’t have parking 🤔

Anonymous
29 days ago

Beware, renderings are fake, that is not the actual configuration of the streets, streets directions, or adjacent buildings or open lands, (there is a new tower right in front of the main facade of this building, so views will not be open.)

Besides that, nice project for density

Anonymous
29 days ago

Renderings are biased and skewed? Imagine that!

Azarius
29 days ago

The residents here is going to help MWC with foot traffic

Anonymous
29 days ago

$700 a foot unimaginable in this location a few years ago

Anonymous
27 days ago

Not even a drop off curve lol

Anonymous
27 days ago

1) This building is being built in partnership with AIRBNB. It is NOT going to be an owner occupied destination for most.
2) Each unit has a contracted parking spot (valet or self) in the garage across the Street.
3) Train station less than a block away.

Anonymous
29 days ago

It’s crazy how much better a building can look sans the parking podium. I could imagine how much better Melo’s buildings would look without the podium.. Oh wait, it would still look awful.

Anonymous
29 days ago

Buildings look so much more elegant sans the parking podium. No doubt.

Anonymous
29 days ago

The sales success of this tower, which has no garage, clearly demonstrates that people, especially young people, are looking for apartments in the Brickell and Downtown areas precisely because they want to do as much as possible on foot. At a further appointment, they get an Uber. Owning a car is a high and unnecessary fixed cost. And it’s not my opinion: the facts are proving it.

Anonymous
29 days ago

This is not a normal big city downtown. The ratio of residential towers to office towers downtown is like 10 to 1. Where are all these downtown unit dwellers working, and how are they getting there?

I know what the answers are…. it is a rhetorical question.

Anonymous
29 days ago

25 years ago before the “condo boom” in Downtown Miami, it was a normal big city downtown because it had more office towers than residences.

Anonymous
29 days ago

The central core is totally de-centralized. This happened to most cities in the U.S. People moved to the suburbs and it didn’t take long before they moved their offices to suburbia. This has contributed to make America the land of eternal commutes, fully dependents of a vehicle and the need of a second job to be able to afford gas, maintenance, parking, car note, insurance, tires, and tolls.

Anonymous
27 days ago

Suburbs are fine too, nothing wrong with wanting a yard and a private pool and garage, and not having a condo commando association that you hand a blank check to.

Lots of youngsters living in cities do it primarily to find That Special Someone, and when they do find them, they tend to breed and move out to the suburbs to raise their family.

Anonymous
29 days ago

Because most of them work in Doral
Yuk
Palmetto and stench from dump sites

Anonymous
28 days ago

The real-estate boom in Downtown and Brickell isn’t the hard-working resident, but the financially comfortable Latino tourists looking for Miami to have fun and invest, far from the crime problems and political instability of their local countries.

Anonymous
28 days ago

So what you’re telling me is they ruined it?

Anonymous
28 days ago

“They ruined everything”, who? Rich Latino tourists? Quite the opposite, as they make investments in Miami, spend a lot on goods and services, generating jobs, income and taxes in the city.

Anonymous
28 days ago

And rich tourists do not enjoy public services such as schools and hospitals. They pay taxes but do not benefit from these public services.

LGBFJB
27 days ago

And when the DEA expropriates the units, we get to keep them

Anonymous
29 days ago

I doubt that a young person is buying a condo because it doesnt have a parking garage. They look for good amenities and location.

LGBFJB
27 days ago

Amenities like a parking garage

Anonymous
29 days ago

Not only that but pretty soon we won’t be able to afford to own a car or much less fill it up with gas…

Anonymous
29 days ago

Countless buildings in NYC have no parking, and contrary to popular belief here, people still own cars, usually stored in an off-site parking garage.

Anonymous
27 days ago

22% of households in Manhattan have cars. So close to 80% of people in Manhattan where the buildings are, do not have cars. The subway system is the main mode of transportation. If you count Queens, Staten Island and a good portion of Brooklyn there are residential areas where people have driveways to park cars. Highrises in Manhattan, no parking, but an extensive public transportation system that moves millions of people rapidly throughout the city daily. Highrises in Miami, lack of transportation system will equal nothing but gridlock, especially with the number of people moving here. Wake up folks, you haven’t even seen how bad this traffic is gonna get yet. Thinking that eliminating a parking garage with a building is going to deter people from using cars is laughable. Provide them with an efficient mode of transportation that’s faster than using a car and then you will have your solution to traffic and parking.