Construction Accelerates At 51-Story Biscayne Beach, Where 95% Of Units Have Been Sold

At the 399-unit Biscayne Beach, one full level is expected to be completed every week for the next 42 weeks:

 

Vertical Construction is Well Underway at Miami’s Biscayne Beach Condominium

MIAMI, FL – April 28, 2015 – With Miami real estate prices on the rise and inbound investment pouring into the market at record pace, East Edgewater newest luxury condominium is moving onward and upward. Vertical construction at Biscayne Beach, a 51-story waterfront tower located at 711 NE 29th Street along Biscayne Bay, is well underway – with crews already surpassing the fifth-floor level. With one full level expected to be completed every week for the next 42 weeks, the 399-unit project is on track to top-off construction and deliver in 2016.

Biscayne Beach is being developed by a joint venture between South Florida-based real estate development firm Eastview Development and GTIS Partners, a global real estate investment firm headquartered in New York with more than $2.3 billion in assets throughout the U.S. and Brazil.

Biscayne Beach currently stands at approximately 95 percent sold, with only a limited selection of recently-released penthouses remaining for sale. Measuring up to approximately 12,000 square feet in size, the tower’s ultra-luxury penthouse residences feature 12 to 14-foot ceilings, expansive outdoor living spaces and sweeping views; exclusive two-story upper penthouses include private rooftop terraces with swimming pools and summer kitchens. Preconstruction prices for Biscayne Beach’s penthouse units range from $2 million and up.

Boasting a premier, waterfront location along Biscayne Bay, Biscayne Beach’s resort-style amenities will include a private members-only Beach Club on the bay with an elevated sandy beach, private cabanas, zero-entry pool, daytime concierge services, as well as a renowned restaurant and bar. All of these features will be set against the backdrop of sweeping Biscayne Bay views, with a public bay walk providing access to the water – complete with bay-side piers for swimming, kayaking, paddle boarding, and more.

World-renowned interior design star Thom Filicia – famously known for his role on the Emmy Award-winning show Queer Eye for the Straight Guy – is creating the sophisticated ‘beach chic’ designs for the project’s common area amenity spaces, Beach Club level, and exclusive residences.

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About Biscayne Beach:

Biscayne Beach is a 399-unit luxury condominium being developed in the heart of Miami’s East Edgewater district by a joint venture between West Palm Beach’s Eastview Development and New York-based global real estate investment firm GTIS Partners. Featuring designs by celebrity interior designer Thom Filicia, the 51-story tower will bring the beach to the city’s urban core with a private members-only Beach Club overlooking Biscayne Bay. Located at 711 NE 29th Street, construction of Biscayne Beach began in the second quarter of 2014, and is slated for completion in 2016.