Related Group Hopes To Break Ground On Auberge In Late 2017 Or Early 2018

Related Group is still moving forward with Auberge, but at a slower pace, according to Related’s Jon Paul Perez in an interview with The Real Deal:

  • Reservation at Auberge were slower than anticipated
  • The sales team is still accepting reservations
  • The developer won’t begin construction until they have passed a certain number of reservations, which they hope will be late 2017 or early 2018

Related is “very excited” about a micro-unit condo project and a separate rental project in Wynwood, and “disappointed” about MDC’s decision to cancel 520 Biscayne.

 

 

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Anonymous
4 years ago

if they were smart related would redesign this to be affordable to locals….maybe 300-575k range and this would sell very nicely…a whole lot of melo renters could be related buyers…..

Anonymous
4 years ago

I’m sure the folks at Related are smarter than you.

Anonymous
4 years ago

as a melo renter right now i wouldnt mind coughing up $300-400k for a nice modern unit next door (once auberge eventually blocks my view). The problem is their land basis is so high they wouldnt be able to cut prices that low.

Anonymous
4 years ago

yes after i posted i thought of that….too bad ..i would love the area also if i could get in for that price range…

Anonymous
4 years ago

Don’t worry about the view. It won’t be built for years…if at all.

un-invasive species
4 years ago

Actually, I’m sure the people at Related just want more of a profit than us.

Anonymous
4 years ago

Ouch!

Anonymous
4 years ago

Like locals are going to put $150,000 in minimum 50% deposits for a few years until a unit is even built, and btw these units are probably unfinished so add some more time costs and delays.

aceraroja
4 years ago

Visible, Biscayne-fronting parking decks. Wow. Wow.

Anonymous
4 years ago

Foolish, this property will become the extension of the towers further down Biscayne to the south, past 395. It needs to acknowledge Biscayne completely.

Anonymous
4 years ago

…. a nice hotel and office building will be great in the area , enough condo projects !!!!

Anonymous
4 years ago

Isnt anyone concerned or even just wondering that when the Miami Herald site gets built, all these views are DONE!!!!!!!

Anonymous
4 years ago

This project won’t happen and is awful

Anonymous
4 years ago

if related were smart they would redesign the units smaller and price them so locals can buy…melos renters could be relateds buyers….

IloveMiami
4 years ago

With average hosehold incomes way less than 70k, how many “locals” do you think can plop down half a mill for a downtown apartment? Do you children think this is NYC? What fantasy world do you all live in? It sure ain’t Miami.

Anonymous
4 years ago

The folks here speak as though $500K is pocket change. A couple that can make a combined income of $100K can consider themselves blessed in Miami. Even at that range youd be crazy to think you can afford a mortgage of that magnitude + astronomic maintenance fees and then expect to have some leftover money.

Anonymous
4 years ago

To the autistic comments complaining about the prices, check out Little Havana and Little Haiti. The areas might suck at the moment, but understand this area used to “suck” back in the 1970s. It’s resurgence from affordability allows for new expensive development.