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:

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

Crescent Heights Strikes Deal With The City Of Miami Beach To Build A 42-Story Tower On Alton Road

According to new reports Crescent Heights has finally struck a deal with the city of Miami Beach to redevelop the former South Shore Hospital site, the three-block lot between Alton and West Avenue from 5th to 7th streets, into a 42-story tower. The tower, which will be located on 5th Street, is designed by Arquitectonica and will feature a 13,900 SF floor-plate. Crescent Heights has agreed with the city to limit the residential unit count to 400 as well as reduce the commercial intensity by 50%. The proposal includes a single story commercial plaza on the Alton Road side of the 6th street parcel which would feature retail, cafes, etc., as well as parking. The commercial structure would buffer the park which in exchange to build a high-rise, Crescent Heights will donate a 2.5-acre street-grade park to the city. Original proposals included parking to be located under the park. The developer will also give an easement on 5th Street for the city to build a pedestrian walkway over 5th Street as well as build an extra turning lane.

The currently approved project on the site rises 5-7 stories and features 510 apartments. Mayor Dan Gelber worries about congestion due to an influx of new residences in addition to a "wall effect" that is created by the low-rise buildings. With a high-rise condos, a selection of owner-occupants will not live in Miami full-time while apartment rentals would be operating at near 100% occupancy.   

The terms are still under negotiation and the plans have not yet been approved by the city. Mayor Gelber plans to ask the City Commission to pursue a development agreement and draw up a term sheet for Crescent Heights's proposal. Should the proposal be approved the timeframe of the project is expected to be 2 years. 

A New Trader Joe's in Miami Beach Breaks Ground, Expected to Open Late 2018

Trader Joe's has broken ground on a new Miami Beach location located at 17th Street and West Avenue. The store is expected to to open in late 2018 and will be Trade Joe's first location on Miami Beach. The storefront will be part of a larger, 5-story project by Turnberry Associates and Elion Partners, which includes 28,000 SF of retail, residences including loft apartments and townhomes as well as 200 parking spaces. The building is being designed by Touzet Studio and Stantec. 

Stantec Unveils Southgate Towers Redesign

Stantec has finally completed their Southgate Towers redesign at 900 West Ave on Miami Beach. The bay-front towers were originally built in 1960 before Stantec plowed $40 million into a multi-phase renovation that included renovating the lobby, amenities and units. Southgate Towers will be a rental only building. Leasing began this summer and it was announced that there is already over 90% rented, 495 out of 500 units. Updates include hurricane-proof windows, updated appliances and lighting and modern furnishings. Southgate Towers is located on West Avenue which itself has seen many updates and construction in recent years and allows walking distance access to Starbucks, Whole Foods and The Mondrian South Beach Hotel & Residences.