JDS Development Group's Luxurious South Beach Condo Monad Terrace by Ateliers Jean Nouvel Now 80% Sold Out

JDS Development Group, a leading real estate development, construction and acquisition firm, has announced 80% of the residences at Monad Terrace, including all four penthouses, are sold. The most recent closing of the building's crown jewel, PH-A, for $11.8 million, marks a record-breaking price for the flourishing waterfront neighborhood. Limited residences remain available at Monad Terrace, which are available for immediate occupancy and priced from $3 million. Remaining developer inventory is represented by Douglas Elliman Development Marketing.

Located at 1300 Monad Terrace in Miami Beach, Monad Terrace features interiors and landscaping designed by Pritzker Prize-winning architect Ateliers Jean Nouvel, in collaboration with Miami-based Kobi Karp Architecture and Interior Design, Inc. The building is comprised of 59 bayfront residences enveloping a glittering lagoon that reflects light throughout the structure's custom honeycomb glass façade. Monad Terrace blends light and water, glass and steel into what Jean Nouvel calls “the reflection machine.”

Residences range from from two- to five-bedrooms spanning 1,453 SF to 5,350 SF of interior space. Each light-filled residence is carefully oriented to enhance uninterrupted views of Biscayne Bay, Downtown Miami and South Beach. Expansive terraces sheltered by lush climbing gardens and framed by retractable floor to ceiling windows seamlessly blend the indoor to outdoor experience.

Residences at Monad Terrace feature private elevator access, custom kitchens and bathrooms by Jean Nouvel, an in-house concierge, a sun deck with a 116’ swimming pool and hot tub overlooking Biscayne Bay, valet parking, a café and juice bar, a wellness center, private dock, and a bicycle and water sports storage room. The project’s four penthouse residences include private pools on roof decks.

Monad Terrace is the first building structure in Miami Beach to be constructed above West Avenue’s new height, one of the ways Miami Beach is protecting against potential sea level rise. The building is elevated 11.5’ and incorporates impressive climate resilience features that establish a new standard of excellence for the city, offering intelligent design and exceeding new building codes.

For more information about Monad Terrace, private showings or purchasing/ leasing information please fill out the form below:

JDS Development Commences Closings At The Jean Nouvel-Designed Monad Terrace In South Beach

The New York-based JDS Development Group has begun closings at the Jean Nouvel-designed Monad Terrace in South Beach. Located at 1300 Monad Terrace, the project first launched sales in 2017 and topped off in February 2019. The development partnership led by JDS Development Group began assembling land in 2015. The project was capitalized with $137 million in construction financing funded by the New York-based Madison Realty Capital.

Monad Terrace offers 59 residences that range from 2 to 5 bedrooms, 1,453 SF to 5,350 SF of interior space, and start at $1.7 million. Residence features include private elevator access, custom kitchens and bathrooms by Jean Nouvel with sprawling outdoor terraces. The building offers a true indoor-outdoor living experience, featuring climbing gardens and reflecting pools that complement the property’s central lagoon and ocean views.

Amenities include an infinity edge waterfront pool and hot-tub located directly on Biscayne Bay with lush landscaping throughout by Jean Nouvel, a 24 hour concierge, valet parking, pool service, cafe and juice bar, resident's lounge, waterspouts storage and bicycles and paddle boards for the residents. Monad Terrace is located just south of the Waverly at the intersection of Monad Terrace and West Avenue on Miami Beach at 1300 Monad Terrace.

Because of its coveted position on Biscayne Bay, Nouvel imagined Monad Terrace as a “reflective machine” which uses daylight, water, glass and steel to achieve glittering reflections that act as an extension of the ocean. The project was designed in collaboration with the Miami based Kobi Karp, fusing environmental responsibility with innovative climate resilience features into the architecture, starting by elevating the building 11.5', well over Miami Beach standards. The start of Monad Terrace’s signature water garden, comprised of the central lagoon, reflective pools and adjacent swimming pools, can be seen in the first construction shots, along with the sawtooth façade that allows for ocean views from each residence.

Remaining units are priced from roughly $2 million to $12.5 million with Douglas Elliman Development Marketing exclusively overseeing sales and marketing for the project.

Images via Douglas Elliman

For more information about Monad Terrace, private showings or purchasing/ leasing information please fill out the form below:

JDS Development's Jean Nouvel-Designed Monad Terrace Tops Off In South Beach

Monad Terrace, Pritzker Prize-winning architect Jean Nouvel’s first built work in Florida, has officially topped off. Monad Terrace completes Jean Nouvel’s vision for an artfully designed building that responds to the surrounding natural elements. Because of its coveted position on Biscayne Bay, Nouvel imagined Monad Terrace as a “reflective machine” which uses daylight, water, glass and steel to achieve glittering reflections that act as an extension of the ocean. The project was designed in collaboration with the Miami based Kobi Karp, fusing environmental responsibility with innovative climate resilience features into the architecture, starting by elevating the building 11.5', well over Miami Beach standards. The start of Monad Terrace’s signature water garden, comprised of the central lagoon, reflective pools and adjacent swimming pools, can be seen in the first construction shots, along with the sawtooth façade that allows for ocean views from each residence. Monad Terrace is on track for completion next year (2020).

Monad Terrace offers 59 residences that range from 2 to 5 bedrooms, 1,453SF to 5,350 SF of interior space, and start at $1.7 million. Residence features include private elevator access, custom kitchens and bathrooms by Jean Nouvel with sprawling outdoor terraces. The building offers a true indoor-outdoor living experience, featuring climbing gardens and reflecting pools that complement the property’s central lagoon and ocean views. Amenities include an infinity edge waterfront pool and hot-tub located directly on Biscayne Bay with lush landscaping throughout by Jean Nouvel, a 24 hour concierge, valet parking, pool service, cafe and juice bar, resident's lounge, waterspouts storage and bicycles and paddle boards for the residents. Monad Terrace is located just south of the Waverly at the intersection of Monad Terrace and West Avenue on Miami Beach at 1300 Monad Terrace.

Sales at Monad Terrace are reportedly averaging almost $2,000 SF, and a penthouse unit is under contract for $2,700 SF, a record for the neighborhood. Sales and marketing are exclusively overseen by Douglas Elliman Development Marketing.

For more information about Monad Terrace, private showings or purchasing/ leasing information please fill out the form below:

Inside The Miami Beach Market Update Panel Hosted By JDS & Douglas Elliman At Monad Terrace

Douglas Elliman and JDS Development hosted an in-depth panel discussion on July 26 exploring both developing and selling Monad Terrace as well as reviewing Miami Beach's current real estate market. The panel gave listeners insight from industry titans Jay Parker, CEO of Douglas Elliman Florida and Michael Stern, founder and Managing Partner of JDS Development. The discussion was led by Lena Katz, a writer at Forbes and was hosted in the sales gallery at Monad Terrace. Parker and Stern explored the strength of the Miami Beach luxury real estate market and how there has been steady demand and still rising prices. The duo also discussed how the location of Monad Terrace allows residents to enjoy Miami Beach as a walking city, not needing to wait in heavy traffic during high times such as Art Basel and Miami Music Week. Stern also credited Jean Nouvel for the unique design of the building and how the highly amenitized project has had steady sales under the watchful eye of Douglas Elliman Development Marketing. 

Residences at Monad Terrace range from two- to five-bedrooms and 1,453SF to 5,350 SF of interior space. Features include private elevator access, custom kitchens and bathrooms by Jean Nouvel and sprawling outdoor terraces. The building offers a true indoor-outdoor living experience, featuring climbing gardens and reflecting pools that complement the property’s central lagoon and ocean views. 

Construction on the project is well underway and is expected to be completed in fall 2019. The project's design, which was designed in collaboration with the Miami based Kobi Karp fuses environmental responsibility with innovative climate resilience features into the architecture, starting by elevating the building 11.5', well over Miami Beach standards.The tower is expected to go vertical in Spring 2018 and estimated to be completed in Fall 2019. Sales and marketing for Monad Terrace is managed exclusively by Douglas Elliman Development Marketing. 

Check out PROFILEmaimi's coverage of Monad Terrace

JDS Development Group Secures $137 Million In Construction Financing For The Jean Nouvel-Designed Monad Terrace

The New York-based JDS Development Group has secured $137 million in construction financing for the Jean Nouvel-designed Monad Terrace, their new luxury condo overlooking Biscayne Bay in South Beach. The New York-based Madison Realty Capital funded the $137 million construction loan. The financing indicates conviction in the development team, the high-design product by Pritzker Prize-winning architect Jean Nouvel and the South Beach market’s extremely limited new development inventory and viability. The financing will fully capitalize the project, which features 59 individually-designed waterfront residences. 

JDS was represented by Douglas B. Heitner, Erik Nygaard, and Albert J. Delgado of Kasowitz Benson Torres LLP. Madison Realty Capital was represented by Jerold C. Feuerstein of Kriss & Feuerstein LLP. The financing was placed by a JLL team led by Aaron Appel.

“This is a unique assemblage of land within a prime waterfront residential enclave in South Beach, Miami and we are excited to close another transaction with an esteemed developer like Michael Stern,” said Josh Zegen, Co-Founder and Managing Principal of MRC. “In addition, there’s virtually no new development product coming out of the ground in South Beach right now, so we offered a customized financing solution for JDS’s needs given our knowledge of the market. It was a special opportunity to support an A-team in one of the most attractive markets for real estate.”

“Securing this loan demonstrates the strength of the project, the attractiveness of the Miami Beach market and the overall demand for luxury housing in Miami,” said Michael Stern, Founder and Managing Partner of JDS Development. “Monad Terrace serves as a landmark for thoughtful and innovative development that is also beautiful and has a strong architectural identity. This product is like nothing else in Miami Beach, which the MRC team recognized. It was a pleasure to work with them on this, they provided a swift and professional execution.”

“There is already sales momentum, and we expect this will continue on a steady upward trajectory until sell-out,” said Jay Phillip Parker, CEO of Douglas Elliman Florida.

Residences range from two- to five-bedrooms and 1,453SF to 5,350 SF of interior space. Features include private elevator access, custom kitchens and bathrooms by Jean Nouvel and sprawling outdoor terraces. The building offers a true indoor-outdoor living experience, featuring climbing gardens and reflecting pools that complement the property’s central lagoon and ocean views. 

Construction on Monad Terrace is already underway, with the foundation nearly complete. The project's design, which was designed in collaboration with the Miami based Kobi Karp fuses environmental responsibility with innovative climate resilience features into the architecture, starting by elevating the building 11.5', well over Miami Beach standards.The tower is expected to go vertical in Spring 2018 and estimated to be completed in Fall 2019. 

Sales at Monad Terrace are reportedly averaging almost $2,000 SF, and a penthouse unit is under contract for $2,700 SF, a record for the neighborhood. Sales and marketing for Monad Terrace is managed exclusively by Douglas Elliman Development Marketing. 

JDS Development Group Secures $62.5 Million Construction Loan For Monad Terrace, To Go Vertical in Early 2018

JDS Development Group has secured a $62.5 million construction loan For Monad Terrace in South Beach. The developer has already broken-ground and is completing foundation work, they expect to go vertical in March 2018. According to Michael Stern of JDS Development, the $62.5 million of financing breaks down to a $20 million senior loan from Bank of the Ozarks and $42.5 million of mezzanine financing from VanBarton Group. The Real Deal reported in June 2017 that Delaware-based lender EO Monad Terrace sued Monad Terrace Property Owner LLC for failing to pay a $45.8 million mortgage principal on the property located at 1300 Monad Terrace. The suit was reportedly dismissed as JDS Development closed on the new financing.

Monad Terrace is designed by Pritzker Prize-winning architect Jean Nouvel in collaboration with Kobi Karp. The project will feature 59 residences that range from 2 to 5 bedrooms and 2,000 SF to close to 14,000 SF. Pricing starts at $1.7 million and sales are being handled by Douglas Elliman. Monad Terrace will also feature an infinity edge waterfront pool and hot-tub located directly on Biscayne Bay with lush landscaping throughout by Jean Nouvel. The design of the development keeps climate change and rising sea levels in mind. Amenities include a sun deck with pool and hot tub, 24 hour concierge, valet parking, pool service, cafe and juice bar, resident's lounge, waterspouts storage and bicycles and paddle boards for the residents. Completion is expected in 2019.

Monad Terrace Expects to Break Ground by End of January

Monad Terrace, Miami Beach's newest luxury residential waterfront haven, expects to break ground by the end of January. The development by JDS Development Group is designed by Jean Nouvel with architecture by Kobi Karp. The project will feature 59 residences that range from 2 to 5 bedrooms and start at $1.7 million. The project will also feature an infinity edge waterfront pool and hot-tub located directly on Biscayne Bay with lush landscaping throughout by Jean Nouvel. The design of the development will keep climate change and rising sea levels in mind. Amenities also include a 24 hour concierge, valet parking, pool service, cafe and juice bar, resident's lounge, waterspouts storage and bicycles and paddle boards for the residents. Monad Terrace will be located just south of the Waverly at the intersection of Monad Terrace and West Avenue on Miami Beach. Douglas Elliman will handle sales for the project.