Foundation Work Begins At Elysee Site

Construction is now underway on the foundation for Elysee in Edgewater – the third big luxury condo tower to break ground in the area recently, after Missoni Baia and Aston Martin Residences.

A crane with a pile driver began work at the site this week.

In August, the developer filed a Notice of Commencement that work was beginning. In September, the developer paid broker commissions and said they would break ground in fall. Earlier this month, the developer obtained a $16.5 million loan to begin foundation work.

The project includes just 100 units in a 57-story tower. It is approved at 644 feet above ground or 649 feet above sea level, the tallest permitted by the FAA in the neighborhood.

 

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anonymous

A few more buildings similar to this and Edgewater would be looking pretty nice in a skyline view.

Anonymous

Wow …. This helps put edgewaters neighborhood on the path to being really interesting to view from both land and waters edge… A few more interesting buildings like this please!!!

Anonymous

Let’s get some office towers in the area and the skyline should look beautiful

Anonymous

Agree….office and retail equal healthy vibrant neighborhoods…

Anonymous

So Elysee, Mission Baia, and Aston Martin Residences are the only three condo towers in the downtown Miami area to begin construction in 2017 (due in 2020). These won’t affect the middle class market since these are all ultra luxury. By 2020, the middle class condo market should fully recover.

Anonymous

and by recover.. you mean the return of foreign absentee investors who pay cash and support crazy prices that local people can’t afford ? lovely…

Anonymous

Hell, I can’t afford a brand new BMW 750I, but I ain’t complaining.

Anonymous

I agree. There should be a decent recovery by then along with the completion of world center.

Anonymous

World center, Vice, the other world center apartment bldg, 27 edgewater to name a few

Anonymous

Except Aston Martin isn’t located in Edgewater..

Anonymous

Edgewater is the only area with some available premium water views lots …… and they are really taking advantage of what they are building on that ….. when they are gone they are gone …… this area will be amazing in few years !

Anonymous

This building is stunning

Anonymous

649 ft the tallest in the area? Shame….Could be taller

Anonymous

No, it couldn’t, as that’s the FAA limit.

Anonymous

The FAA can’t limit building heights in Miami. They suggest what they consider is a “flight hazard” and the city government goes along with that. The city of Miami can approve a building height of 750ft if they want and the FAA couldn’t do anything about it.

Dev1

MDAD won’t approve anything over FAA limits

Anonymous

Show us the city side. Will it be a giant middle finger as so many other buildings are with their exposed emergency hall way lights?

Anonymous

That kinda stuff really irks you, huh?

Anonymous

My building, Paramount Bay, is one of the offenders. We tried motion detectors on the lights in the exposed halls, but they blinked on and off at random. I wanted to call it “art” – overruled – now they just blaze on through the night.
Changing the building code would help, those halls are less than rarely used.

Anonymous

I applaud your efforts, but wish your upscale building had used high quality motion detectors.

Anonymous

I live in Paramount Bay also and have a direct view to the Elysee site. This building will be a stunning addition to the neighborhood.