57-Story Elysee To Begin Construction In Early 2016, Units Average $750 PSF (Floor Plans)

Construction is expected to begin in the first quarter of 2016 on Elysee Residences at 700 NE 23rd Street, the developer announced.

The condo tower will feature a unique three-tiered telescoping shape designed by Arquitectonica’s Bernardo Fort-Brescia. It is being built at 649-feet tall, the maximum height permitted in the area.

Prices will average $750 per square foot, and the unusually large unit sizes of 2,660 up to 4,000 square feet will mean that units will range from $1.65 million to over $10 million.

Each of the 100 units will have direct views of the bay, with a maximum of two units on each floor. Ceilings will be either 10 or 11 feet high, with unit owners enjoying private elevators and robotic parking.

Two Roads Development, which is also developing Biscayne Beach, is the developer. That project is under construction and is nearly sold out.

 

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Marc305

The first 50+ skyscraper of Brickell North.

NotExactly

Quantum on the Bay, much?

Marc305

You are correct sir, Quantum is 51 stories. Here is hoping to many many more!

Anonymous

Biscayne Beach and some of the Paraiso towers will be over 50 floors as well.

Anonymous

average is $800 a sft when you do the average of their price ranges in cerveras spreadsheet

from the 8th to the 56 they have
296,000 sellable
236.5MM
$798.20 a sft

3292 sft average units.in those floors..

Big units but little amenities and a small site.

Good for the neighborhood!!!

Anonymous

Yep that huge parking garage is great for the neighborhood!

Anonymous

Seriously? This is the garage you decide to deride–a robotic garage for 100 units? Ya, I think there are some bigger ones in this car-dependent city…

MrDreTheOne

The Miami skyline needs more slender towers like this, they force developers to build to the max height. A good portion of the towers proposed during this cycle are bulky buildings with fat parking podiums, not a good look.

Anonymous

its a very small site, thus the slenderness.
less than 1 acre

Anonymous

Also hence the lower density

Anonymous

How do you “enjoy robotic parking” ask the residents of brickell house how much they enjoy waiting 45 minutes for their cars in the morning rush

Anonymous

I think anyone paying $1.65 million to over $10 million isn’t worried about waiting a few minutes for a robotic parking system to bring them their car.

Anonymous

To me, cars seem pretty important to rich people, to me. And Dezer agrees with me

Anonymous

most of the high end jobs like Echo Brickell, Muse, Porsche Tower all have some sort of robotic parking….obviously self parking is a lot more luxurious and high end

Marc305

The opposite in fact is true, the wealthier the client the more demanding they are, and yes Brickell House residents are beyond annoyed.

Anonymous

I don’t understand the annoyance with the robotic garages? What’s the difference from waiting for valet to bring down your car? You call 30 minutes ahead so they have plenty of time to bring it down for you and its there ready to go. If its 45 min for the robotic garage- just give more notice.

Anonymous

I’ve worked directly with buildings with robotic parking systems. They are very difficult to work and need constant attention. They break. They damage vehicles. I would NEVER live in a building with one much less purchase a unit in a building with it. How Newgard sold the idea in a building the size of Brickell House is beyond me. While you wait, remember that the developer’s office is on the third floor of BH…

Anonymous

Um…you do realize that this building has just 100 total units right? BrickellHouse has over 370. And my guess is that many of these units will be sold to people who use it as a second home (i.e. the building won’t ever be running at full capacity).

Anonymous

I will gladly take one for free.

Anonymous

Add it to the other 50 buildings being developed. These developers are going to take a hit. please what makes this building any different from all the other ones. another building that your average Miami resident can not afford and they will selling to outsiders who do not do anything for the Miami economy besides help realtors sell

Anonymous

Um, do you realize what the construction of these buildings is doing for employment and the economy in Miami?

Anonymous

Not too many ultra-luxury boutique towers directly on the bay…stop projecting because you can’t have nice things.