MIAMI—ION East Edgewater is joining the fray of new condo developments in the neighborhood. Sakor Development and an affiliate of Encore Housing Opportunity Fund just announced the 330-unit condo project. Value is a key theme at this luxury residence.

The tower is set to rise at 2701 Biscayne Boulevard in Miami's urban core. Construction will get underway in the fourth quarter of 2014, with completion slated for late 2016.

The 36-story tower will marry the designs of Arquitectonica with the styles of Hirsch Bedner, the designer best known for creating interiors at New York's Time Warner Center and Mandarin Oriental Hotels around the world. Amenities include a half-acre resort-style amenity deck on the eighth floor, a 75-foot heated lap pool, Jacuzzi, multiple reflective pools, and an outdoor pool-side cinema.