Catalina Ceballos Realtor LLC

10/23/2024

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is bringing its iconic vision to the Miami River with a landmark cultural district and residential project.

The Faena District Miami River will be anchored by the FAENA RESIDENCES MIAMI, a striking development designed by the late Rafael Viñoly. Spanning 14 acres of private parkland, the project will feature 440 luxury residences across two towers, connected by a cultural center. Set across three blocks, the Faena District will offer curated cultural spaces, wellness facilities, a marina, and public art, enriching the area and expanding access to creative experiences.

The new riverfront community will embody Faena’s commitment to blending art, design, and wellness, creating a resident-centric space in one of Miami’s most vibrant neighborhoods. Sales for the project, developed by and , will begin in late 2024.

07/02/2024

11/15/2023

In the competitive realm of luxury real estate in Miami, a $60 million Brickell penthouse and a $54.5 million Miami Beach condo are setting the stage for a new era of high-priced units, as billionaires increasingly make the city their home. 

The current record-holder for the highest condo sale in the area is Citadel CEO Ken Griffin, who spent $60 million on Faena House in 2015. However, the spotlight may soon shift to a unit at the Waldorf Astoria Residences Miami, poised to surpass Griffin's record, and a $90 million penthouse at the Residences at Six Fisher Island recently went into contract.

As Miami becomes a hotspot for wealthy individuals like Jeff Bezos, who acquired adjacent Indian Creek homes for a combined $147 million, developers are aiming to redefine luxury standards. The $60 million Brickell listing, located in the Residences at 1428 Brickell, aims to set a new benchmark, emphasizing the increasing demand for such high-end inventory.

Meanwhile, predictions by industry experts suggest that condo sales approaching $100 million may become more common between 2024 and 2026 as new developments are completed.

11/01/2023

has submitted updated plans for Shoma One, a striking new development in Coral Gables comprising two 40-story towers adjacent to the Douglas Road Metrorail station, as reported by .

Set to feature twin 40-story towers on a shared podium, Shoma One will offer an array of amenities, including 748 rental apartments, an 18,000-square-foot food hall, and 718 parking spaces. Notably, the lower-level apartments facing the Metrorail will feature soundproof double-thickness glass to ensure residents enjoy a tranquil environment.

The strategically located project promises easy access to the Metrorail station, with Brickell a convenient 8-minute train ride away. Shoma One will also seamlessly connect to , enhancing its appeal as a transit-oriented community.

Shoma Group secured the 2.5-acre site for $34 million in 2022, and the development has seen an expansion from the initial plans of two 18-story towers. This expansion was made possible by the site's inclusion in Miami-Dade's Rapid Transit Zone, allowing for increased intensity.

Shoma Group is targeting a groundbreaking ceremony in mid-2024, with serving as the project architect.

For more information:
Catalina Ceballos
[email protected]
781-6087861
Million and Up Realty

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10/27/2023

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