Construction is finally complete and residents will begin moving in this summer at the highly anticipated Biscayne Beach from Two Roads Development and GTIS Partners in Edgewater. The 52-story luxury condo tower received its initial TCO, Temporary Certificate of Occupancy, and is moving forward with closings. Residents can now take ownership of their units and begin their interior build-outs as they prepare for move-in and the official grand opening over the next few months once Biscayne Beach receives its Final Certificate of Occupancy. Sales initially launched in 2013 and 99% of the 391 units at Biscayne Beach have been sold. Prices ranged from $400,000 up through $9 million. Only 2 premium penthouse residences and 1 beachouse residence currently remain priced from $1.6 million to $9.4 million. Biscayne Beach's interiors were designed by Thom Filicia in his first residential project where he used a "Beach Chic" style throughout. Resort-style amenities include a private members-only Beach Club level overlooking the bay with an elevated sandy beach, private cabanas, zero-entry pool, daytime concierge services, as well as a renowned restaurant and bar, an indoor/outdoor great room with a library and billiards room, an outdoor summer kitchen and lounge area, a state-of-the-art fitness center, as well as a full-service spa complete with a sauna, steam room, blow-dry bar, and massage treatment rooms.
East Edgewater has seen a massive influx of new development as the area has seen a great rise in demand for luxury high-rise living including including the Paraiso District from Related Group and Elysee, which is Two Roads Development's next project with an expected completion in 2019.
“The launch of Biscayne Beach set the bar for the revitalization of the now-thriving East Edgewater neighborhood, marking a new era for an area that had gone underutilized for years. Miami’s urban core has quickly become a place where people want to work, play and now, live – and we’re excited to be a part of that transformation,” says developer Reid Boren, Managing Partner of Two Roads Development.
Biscayne Beach was developed by a joint venture between South Florida-based real estate developer Two Roads Development and GTIS Partners, a global real estate investment firm headquartered in New York.
“Recognizing Miami’s status as an international city and the special waterfront setting of the Biscayne Beach site, we had a strong conviction that this was the right project for us to invest in and develop. We knew there was demand for luxury condos in East Edgewater because of its central location and proximity to downtown and the beach, but the velocity of the pre-sales we saw at Biscayne Beach exceeded our expectations. We’re proud to say what started with a special location and a vision has now officially become a successful reality,” says Rob Vahradian, Senior Managing Director of GTIS Partners.
