MIAMI—As developers turn their attention to the East Edgewater neighborhood, Eastview Development is moving full speed ahead on demolition work at the site of Miami's Biscayne Beach condominium to prepare the land for construction.
The demolition of the existing structure on the property marks a critical step towards the development of the 51-story luxury high-rise tower. The new project is scheduled to officially break ground first quarter of 2014 and be completed in 2016.
“The demolition of existing structures on-site marks an important milestone for us as we continue to work towards our groundbreaking early next year,” says Taylor Collins, partner with Eastview, the company developing Biscayne Beach as part of a joint venture with global real estate firm GTIS Partners. “We remain committed to delivering a building that will offer residents a luxury lifestyle in a centrally-located building close to numerous amenities, high-end shops, and cultural destinations.”
East Edgewater has a strong location in the neighborhood, with the Venetian Causeway to the South, the Julia Tuttle Causeway to the North, Biscayne Bay and the Beaches to the East, and Biscayne Boulevard to the West. This fast-growing neighborhood is at the center of several recreational and lifestyle destinations, including the Design District, the Downtown Arts and Entertainment District, the Wynwood Arts District, and the shops and restaurants of Midtown.
Biscayne Beach will include 397 luxury condos, ranging from one- to four-bedroom units with den options to exclusive upper penthouses with private rooftop pools and garden terraces. Preconstruction prices range from the $400,000s to multimillion-dollar penthouses.
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