65-Story E11EVEN Hotel & Residences Fastest Ever To Reach Sellout: ‘No Units Left To Sell,’ Developer Says

The 65-story E11EVEN Hotel & Residences planned in Park West has quickly reached sellout – possibly setting a new sales record for Miami.

Michael Simkins, who is developing the project with PMG, announced the sellout in an interview with Ocean Drive.

“There aren’t any units left for us to sell,” he said.

A total of 375 condos were offered to buyers, who quickly snapped them up.

The tower has become the fastest-selling new condominium in Miami’s history, brokers say.

As of April, when 90 percent of units were sold, the average sales price was $1,100 per square foot.

Also in April, the developer said that he would consider building a second E11EVEN tower to meet demand.

Simkins controls around 10 acres in the area, and has plans for a project called the Miami Innovation District.

The urban core, and particularly Park West, will see the most aggressive growth of any area over the next to five to 10 years, Simkins said. It is destined to become the best area in the city, he added.

Groundbreaking on the 698-foot E11EVEN tower will take place in the third quarter of 2021, with completion to take around 30 months.

 

 

 

Miami Innovation District:

64 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
6 months ago

Can’t wait to see this completed. Bring on more.

Anonymous
6 months ago

Yes!

Anonymous
6 months ago

$ 1,000 square foot is nearly double what many of the other buildings in area sell for. Quite the hype.

Anonymous
6 months ago

Those other buildings are not Elleven!

Anonymous
6 months ago

You are a fool.

Anonymous
6 months ago

And you are a nincompoop.

Anonymous
6 months ago

Wasn’t this reported already a few weeks ago?

Alpina
6 months ago

yep, this is like the 3rd time…

Anonymous
6 months ago

It’s like ground hogs day

Anonymous
6 months ago

Yup, hate when this site repeats slight updates as if they’re new information.

Anonymous
6 months ago

Why not just build IIwelve or 2welve
We definitely do not need another Elleven

Anonymous
6 months ago

“We?”

Anonymous
6 months ago

yes, TNM please cover projects in other areas of Miami dade county

Anonymous
6 months ago

Yes. Please let me know about strip malls being built in Hialeah

Anonymous
6 months ago

not all the projects outside of the city of miami are strip malls.

Anonymous
6 months ago

Yes, they keep repeating the same, then ohhh we have some units back, ohhh we are sold out…. this is stupid.

Anonymous
6 months ago

I don’t understand the complaining.. I mean, you are getting this info for free.

Anonymous
6 months ago

“the developer said that he would consider building a second E11EVEN tower to meet demand”

Consider? Um, the ball is in your court now.. keep it rolling! This happened with this project just shows that people have been ready for a long time for buildings like this in this area.

Anonymous
6 months ago

Or, the reservation deposit is very low and 100% refundable.

If they have hard contracts with 10% deposits at $1,000+ it would be truly amazing.

Anonymous
6 months ago

Whatever works!

Anonymous
6 months ago

Notice that the developer is not the one to say, “Sold Out”. He says, “we don’t have any left to sell”.
As in, they are all reserved, or they are all spoken for.

Azarius
6 months ago

E11even and Legacy are my favorite projects right now. I can’t wait 5 years from now this area will nevertheless be the same

Anonymous
6 months ago

Need the marriot convention center to be the glue that brings it all together

Anonymous
6 months ago

You mean, need a “redesigned Marriott Convention Center… “

Anonymous
6 months ago

Ghetto

Anonymous
6 months ago

Yeah man.. that was very informative…

yaawwwnnnn….

Anonymous
6 months ago

How is Waldorf Astoria doing?

Anonymous
6 months ago

Moscow said, “Copycats!”

Anonymous
6 months ago

Innovation district with e11leven club next door.

Anonymous
6 months ago

What a way to rewind….

Anonymous
6 months ago

I mean “unwind”

Anonymous
6 months ago

The innovation district is happening about as much as Miami being a “tech hub” is happening. Both a bunch of hype. This city is for developers, finance, tourism, drugs, and strip clubs and this rapid selling out of units proves that! You want innovation, go to a real up and coming tech hub like Austin!

Anonymous
6 months ago

Sex sells

Anonymous
6 months ago

So does cigarettes.

Anonymous
6 months ago

🍑🍆

Anonymous
6 months ago

i really want to see the innovation district be built or at least some sort of progress

Anonymous
6 months ago

Simkins are the new Mana lol, the two that have talked a lot and done nothing for downtown

Anonymous
6 months ago

It’s conceptual. What we’ll get is another letdown of boxes with random balconies and giant parking podiums with rainbow murals.

Anonymous
6 months ago

It’s been years if not close to a decade since the “Innovation district” was announced with Simkins involvement and all yet nothing at all has happened. Even the magic city innovation district has made more progress and that’s not saying much. Meanwhile Melo basically built up the entire arts & entertainment district right next door. There’s no excuse for this, it really is just another Mana

Anonymous
6 months ago

Loft Downtown II sold out in a weekend **

Anonymous
6 months ago

and resale sucks there now

Anonymous
6 months ago

Are there any buildings were the resale is good?

Moishe Mana
6 months ago

Say what you want about this project but they know what they are doing! Makes me wonder how other developers are handling their proposed projects that have been proposed almost 10 years ago?

Anonymous
6 months ago

Okay but do they have any construction permits

Anonymous
6 months ago

And yet One River Point can’t even sell 5 units lol

Anonymous
6 months ago

For real, I don’t think that project is ever going to break ground, they should’ve just left that nice green area in place. Residents at Wind, Mint, and The Ivy lost that nice green space and have had to deal with the eye sore of a dirt patch for years now.

Anonymous
6 months ago

It’s a prime location on the River. Unfortunately for those that own units in Wind, Mint and Ivy, your views are temporary. Enjoy them while it lasts.

Anonymous
6 months ago

I’d bet anything that the views last another decade, doesn’t look like One River Point will ever get enough sales to actually break ground due to poor marketing, too much ambition in the size of the project, and over all bad timing. It’s been about 5 years now since they cleared out the green space to make it look like the project was moving forward without any actual construction taking place to this day.

Anonymous
6 months ago

3rd Quarter, 2021. 😂

Anonymous
6 months ago

It’s tomorrow

Dev1
6 months ago

Ten Museum Park sold out in 9 days back in 2003

Anonymous
6 months ago

You have a computer, if you want to read about something else on another site, just search and click!

Anonymous
6 months ago

Google works

Rise up!!!!!
5 months ago

There is no way you can put a 65 story skyscraper between the brown building and Club Space. One of those buildings must go. I say Club Space and the Heart Club building should be demolished for the new tower.

Anonymous
6 months ago

it speaks volumes that the city’s most prominent attraction besides the beach is a strip club…. “oh they also serve dinner!” its a strip club hunnyyyy

Anonymous
6 months ago

We’re always HORNY in Miami!

Anonymous
6 months ago

With all the hot papis around who wouldn’t be…

Anonymous
6 months ago

Omg. I have sex on my mind all the time. Ready for some action. Tender satisfaction.

Anonymous
6 months ago

but.. I thought this city’s most prominent attraction is the Ferris Wheel?

Danny Costa
6 months ago

It’s iconic!

Anonymous
6 months ago

Oh.. you’re right. Sorry, wrong description.

Anonymous
6 months ago

I ride the wheel every weekend. Can’t get enuf of it.

Anonymous
6 months ago

That’s cause you’re a hamster….

Anonymous
6 months ago

No silly it’s gonna be the iconic signature bridge that doesn’t actually go over water