Blue, which is about 70% sold, has one- and two-bedroom units ranging from 831 sf to 2,048 sf and 3,125-sf penthouses. Pre-construction prices range from $350,000 to $690,000. The project is located on 36th Street at Biscayne Bay.

The general contractor, SDC Construction Services, is pouring the top floor of concrete for the building, which is scheduled to be completed in summer 2005. "Blue is running a solid four months ahead of schedule," according to Hyperion CEO Thomas Jermoluk. "We're very pleased with the progress of this project and plan to set a similar pace with all our developments."

The newer project, called Marina Blue, is being developed just about a mile and a half from Blue, on Biscayne Boulevard and Northeast 8th Street, in front of the American Airlines Arena. The project will consist of 516 units and has a planned completion of summer 2007.