Related Group has revealed pricing for the second Paraiso Bay tower, which is being branded GranParaiso.
The most inexpensive condo in the 317-unit building will start at $700,000. For that price, you’ll get a 1,055 square foot unit with one bedrooom and a den, along with 1.5 bathrooms.
A twin Paraiso Bay tower is already under construction after launching sales 20 months ago. In that tower, unit prices averaged $550 per square foot. GranParaiso will feature additional luxury features compared to the first tower, including interior design by Pierro Lissoni (construction costs have also risen.)
GranParaiso is one of four towers at the Paraiso Bay complex, which also includes One Paraiso and Paraiso Bayviews. Nearly all of the units at the first Paraiso Bay and One Paraiso Bay are sold out, with most units at Paraiso Bayviews also reserved.
Reservations, which require a 10% deposit, will begin this month. The project is expected to go to contract in August (at which time a second deposit will be due), with delivery in mid-2017.