Kushner and PTM Partners Launch Leasing at 2000 Biscayne In Edgewater

A new luxury rental building, 2000 Biscayne, has started leasing in Miami's Edgewater neighborhood. Developed by Kushner and PTM Partners, the 36-story tower offers 420 high-end studio and one-, two-, and three-bedroom apartments ranging from 500 to 1,500 square feet. Designed by Kobi Karp Architecture and furnished by RH, the building features modern finishes, floor-to-ceiling windows, Italian kitchen cabinetry, and high-end amenities. SERHANT. New Development has been appointed as the exclusive marketing and leasing agency for the project.

2000 Biscayne aims to offer a refined living experience in an area with high rental demand. Amenities at 2000 Biscayne include a fitness center, spa, gaming room, children's play area, pet spa, pool, outdoor gym, and concierge services. The building is conveniently located on Biscayne Boulevard, close to major roadways and transit options.

“2000 Biscayne brings an unparalleled level of luxury, health, wellness, and entertainment to the market that redefines rental living in this thriving area of Edgewater,” said Laurent Morali, CEO of Kushner. “SERHANT. New Development’s dedicated division for the leasing, sales, and marketing of new development projects was an obvious choice for us and PTM as we planned to bring this project to market.”

“This project is emblematic of the Edgewater neighborhood’s immense potential amid sustained rental demand in the market,” said Michael Tillman, Chief Executive Officer and Chief Investment Officer, PTM Partners. “We are proud to deliver a refined experience to meet the demands of Miami’s discerning renters, and look forward to working with SERHANT. New Development to let the world know about the unmatched lifestyle residents can experience here.”

PTM Partners & Kushner Companies Announce Partnership On 2000 Biscayne Boulevard In Edgewater

PTM Partners (PTM), one of the leading Opportunity Zone-focused development firms in the country, and Kushner Companies (Kushner), a diversified privately held real estate organization involved in the ownership, management, development and redevelopment of numerous commercial and residential properties throughout the United States, today announced their joint venture partnership at 2000 Biscayne Boulevard in Miami’s Edgewater neighborhood, located bayfront between Downtown Miami and the highly sought after Design District.

“With Kushner Companies’ recent expansion into South Florida, we are thrilled to be working with PTM Partners to bring 2000 Biscayne Boulevard to Miami,” said Laurent Morali, Chief Executive Officer of Kushner.

“Alongside this established team, this project has the potential to set a new standard of living for the residential market in Miami,” said Nicole Kushner Meyer, President of Kushner.

“We could not be more excited to enter into this partnership with Kushner Companies,” said Nicholas Pantuliano, Chief Development Officer and Chief Operating Officer of PTM. “With our combined expertise and experience, we are confident we will deliver a truly differentiated project to the vibrant community of Edgewater that enhances the fabric of the neighborhood and pedestrian activity, unlike any project there.”

The project will be comprised of a 36-story tower with 420 units along Biscayne Boulevard, creating a unique urban campus that fosters a sustainable and resilient oasis within the bustling submarket of Edgewater, Miami. With a focus on health and wellness and a nod towards environmental and natural design, groundbreaking at 2000 Biscayne Boulevard is scheduled to occur in Q4 2021.

“With a product like this, we believe we can deliver a project that elevates the local rental market while delivering both financial and social returns to our partners, residents and the surrounding community,” said Michael Tillman, Chief Executive Officer and Chief Investment Officer of PTM.”

2000 Biscayne Boulevard will have water views and state-of-the-art amenities, including a landscaped pool deck with BBQ grills and a Zen Garden, a fitness center with a yoga room, outdoor boxing and CrossFit, a dry sauna, a spa treatment and steam room, a recording studio, a children’s playroom, a pet wash, a game room, coworking spaces, a library and more. The launch of leasing for this tower is expected to begin in Q1 2023.

Kushner Companies To Move Ahead With 2000 Biscayne After Filing For Construction Permit

Kushner Companies has applied for a construction permit as they gear up to move ahead with the development of their 2000 Biscayne site in Edgewater, the first site they plan to develop as part of their $550 million, 3-phase project. The proposed project for 2000 Biscayne, which was originally designed by Dorsky + Yue, is expected to cost $123.6 million with a total development area of 706,148 SF. 2000 Biscayne will rise 36-stories, 418’, and will feature 393 residential units, 5,500 SF of ground floor retail and 455 parking spaces. Kushner Companies is targeting a Q3 groundbreaking for phase 1 and the 3-phase project will ultimately bring 1,100 residential units to Edgewater.

Verzasca Group's 2000 Biscayne Approved to Change to Apartment Rentals

The Miami Urban Development Review Board has approved Verzasca Group's 2000 Biscayne change from condominium to apartment rentals. The 36-story, 200,000 SF building is being designed by Dorsky + Yue International Architecture and features 393 residential units ranging from studio to 3 bedrooms. The project still needs to be approved by Miami's Planning & Zoning Department.