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Get Ready For Hundreds More Downtown Residents: Closings Underway At 512 Unit Canvas Condo

Several hundred more residents are about to begin moving into the downtown Miami area, with closing now underway at the Canvas Miami condo tower.

County records show that the first deed for a condo was recorded on January 15, with the deed itself dated January 7. Three deeds have been recorded so far.

Site work at Canvas began in December 2015, with an official groundbreaking in February 2016.

The 37-story project includes 512 condo units. As of late last year, 85% of units were sold.

Esotico Miami, a restaurant and cocktail bar planned by the team behind Segafredo, is slated to be built at the ground floor.

 

 

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Anonymous

They really took a gamble on this one since this part of the neighborhood currently doesn’t reflect the luxury price point they’re charging at this time – for my money I’d rather have more connected living in Midtown in comparison. Thankfully for Canvas, Melo is replacing numerous surrounding derelict structures and flooding the area with new units so the density will be there soon and the long-term is really bright for the Arts and Entertainment district just got to get through the signature bridge/I395 aka mother of all road projects over the next 5 years 🙂

Anonymous

School board metro mover stops in the middle of the Melo/Canvas towers, Midtown is less connected to the other boroughs. Midtown in terms of overall mixed use sustainability has had the benefit of the last 10 years to develop to where it is today. A&E location in the middle of the metro area is better.

Anonymous

Agreed it’s just the price point of Canvas seems out of wack as the neighborhood currently stands is all…

Anonymous

Future looks optimistic.. a lot of growth coming to this neighborhood, along NE 2nd Ave and N. Miami Ave.

Anonymous

100% but Canvas is pricing tomorrow’s neighborhood today. If you buy here you need to plan to hold at least 5 bare minimum because this neighborhood won’t be nice to live in until the end of the signature bridge project – basically a big construction project for 5 years.

Really???

You shouldn’t be buying anything anywhere unless you plan to be there for 5 years.

Anonymous

That depends on the buyer – plenty of speculators in this market and this building seems priced to perfection as is.

Anonymous

Extremely overpriced units. Same as all the pre construction projects. Bad investments.
They sell at prices they think will be worth 10 years from now. In the meantime, buyers have to live in a horrible neighborhood.

Anonymous

This is a great location. In close proximity to the cement factory AND the cemetary.

Anonymous

That cemetery can be built on. Make it a new skate park.

Anonymous

For the price I would definitely live somewhere else

Anonymous

3 years for a 27 story building?

marc

It’s a thick 27.

Anonymous

And we like big and thick !

Anonymous

the interior quality is super nice and they built out all the residences, floors, kitchen, bathrooms, closets finished

Anon

Do you have pictures?

Polo

The Empire State Building was built in one year!

Anonymous

Unlike Melo buildings, it won’t fall apart in three years.

Anonymous

That’s a typo, it’s 37 stories.

Anonymous

Get ready for residents???? Really, these are bought by foreign investors and mostly left empty.

Anonymous

You are correct but most of these foreign investors do rent them out, so yes they will have residents.

Anonymous

I don’t understand why they couldn’t move the utility lines to underground. At least they have wide sidewalks though! lol

Anon

$$$ it’s very expensive to re-route FPL underground. Telecom companies all have their services on FPL poles, so you’d have to pay for that undergrounding as well.

Anonymous

True, but it’s money well spent to me. The whole area should do it though, like Brickell did.

ricky ricardo

The name “Arts & Entertainment District” is so friggin cheesy. Not to mention the building CANVAS has a MASSIVE EMPTY WHITE WALL…. where is the art? where is the entertainment?

Anonymous

That’s because they are developing another tower there in the future. Notice there’s no doors or windows or anything facing north?