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Aston Martin Residences Construction Progress As Of June 2018

Aston Martin Residences Construction Progress As Of June 2018

Foundation work continues at Aston Martin Residences in downtown Miami.

When completed, the tower will become the second tallest building in Miami at 816-feet above ground and 66 stories. It will include 391 condo units.

Yesterday, the developer applied to receive a new phased construction permit for the foundation only.

It appears to be the same type of permit issued in December 2017, and is likely subject to a six-month expiration, requiring the new permit.

 

The site on June 5:

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Anonymous
Anonymous

Location, Location, Location.. Downtown Miami on the Miami River and Biscayne Bay.

Anonymous
Anonymous

No doubt about it.

Anonymous
Anonymous

Talk about pushing dirt from one side to the other… clearly its just to say they have broken ground.

Anonymous
Anonymous

Its called soil mixing. This will allow them to work in a dry hole.

Anonymous
Anonymous

It’s called fake building to get more deposits

Anonymous
Anonymous

That’s what she said.

mondocondo
mondocondo

Let’s see if we can piece this together. Aston Martin announced hard presale contracts of 20% in June 2017, and then an increase to 35% in May of 2018. That means, if true (and likely not), in one year they sold only 15%, suggesting another 4 years to sell out the project. So no construction loan will be available any time soon. In October of 2017 they announced foundation construction was commencing and pile digging equipment was moving onto the site, even though the piles won’t be dug until after the underground parking is poured. And pouring of the garage hasn’t commenced after 9 months. I don’t expect that the presales market is going to be fooled, which is driven by barracuda brokers looking to when they get paid their commissions. But it’s only marketing dollars, and the Aston car dealers are thrilled! Cheers.

Anon
Anon

even though the piles won’t be dug until after the underground
parking is poured.

what?

Anonymous
Anonymous

Lol laughable. Obviously doesn’t know construction. It’s being built folks!! Piles start in a few weeks!

Polo
Polo

One of the best looking tower in Miami.

Anonymous
Anonymous

ok build up now

Anonymous
Anonymous

Foundations.

Anonymous
Anonymous

I’m sure they’re glad you’re here to tell them what they are already planning on doing.

Anonymous
Anonymous

Hmmmm… I wonder what some people are going to say now after coming on this site and posting all they’re doing on this parcel of land is “moving dirt around?”

Anonymous
Anonymous

They can take a page out of the playbook from the Melo’s.

mondocondo
mondocondo

Given that Melo primarily makes economy rentals and Aston Martin is a luxury condominium, they are two different play books. Cheers

Anonymous
Anonymous

They are literally moving dirt. Plus with the road construction going on right next to this place no way it is finished on time or at all

Anonymous
Anonymous

You guys are clueless. It’s a deep soil mix operation. Takes months to prep. Those are not “dirt” rigs. Piles to come soon. Lol.

Gringo
Gringo

Was “told” by a broker last year that there isn’t any parking structure for the residents?..that pushed me away..is that true?

Anonymous
Anonymous

The irony of luxury. A car themed branding opportunity sans parking.

Magazine
Magazine

This must be the lowest laying area in downtown / brickell, right? And right at the bottom of a hill coming down Biscayne Ave. The entire street floods during an afternoon shower. I know they are installing some pipes under the street (as my commute has been impacted for months), but man would I be nervous making a long-term investment there.

HyperJunk
HyperJunk

I like this building. Although being next to the Miami river is no claim to fame IMO.

TurkishTornado
TurkishTornado

especially when the pulled a dead body out of there this morning….like almost every month.