Biscayne Beach Luxury Condominium to Rise 51 Stories in the Heart of Miami’s East Edgewater Neighborhood

The 399-unit high-rise will bring the beach to the city boasting Miami’s newest beach club directly on Biscayne Bay.

Internationally-acclaimed celebrity interior designer Thom Filicia will bring his sophisticated classic style to the aesthetic and sensibility of Biscayne Beach.

MIAMI, FL – July 15, 2013 – The beach just got closer to the City of Miami courtesy of Biscayne Beach, the newest luxury condominium to launch in the fast-growing neighborhood of East Edgewater. Located on a 3-acre site, the 51-story high-rise tower will boast Miami’s newest beach club with 335 linear feet directly on the beautiful waters of Biscayne Bay – complete with white sand, swimming platforms and water sports. Biscayne Beach will break ground in the first quarter of 2014, with completion slated for 2016.

Biscayne Beach will offer 399 luxury residences, with layouts ranging from one- to four-bedroom floorplans with den options, as well as exclusive penthouses with private rooftop garden terraces. All units will feature floor-to-ceiling glass windows, oversized balconies, and panoramic sweeping views of Biscayne Bay, Miami Beach and the City skyline. Preconstruction prices range from the $400,000’s to multi-million dollar penthouses.

Biscayne Beach is being developed by a joint venture between Florida-based developer Eastview Development and global real estate investment firm GTIS Partners. Eastview Development’s principals have over 120 years of experience combined in developing, financing and marketing residential and commercial real estate projects across the United States. Headquartered in New York, GTIS currently manages approximately $2.3 billion of committed equity with 39 residential projects across 11 states in the U.S., and more than 20 residential developments completed and underway in Brazil.

“Miami’s East Edgewater is one of the City's most vibrant neighborhoods, centrally-located near key employment centers, cultural and entertainment outlets, shopping and dining destinations, and transportation links," said Robert Kohn, Partner with Eastview Development. “Biscayne Beach offers buyers from across the U.S. and around the world an opportunity to enjoy a premium lifestyle with all the conveniences of luxury condo living and the unique amenities that come with owning a piece of the City's first beach club."

East Edgewater is conveniently situated 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 neighborhood is at the center of numerous recreational and lifestyle destinations, including the Design District (home to Hermes, Louis Vuitton, Cartier, Celine and many more luxury boutiques), the Downtown Arts and Entertainment District (the Adrienne Arsht Center for the Performing Arts, Museum Park, etc.), the Wynwood Arts District, and the shops and restaurants of Midtown.

“Miami’s standing as a center for international business, shopping and leisure has fueled the resurgence of its real estate market beyond that of most cities in the United States,” said Robert Vahradian, Senior Managing Director of GTIS Partners. “For Biscayne Beach, we have tapped the most talented industry leaders to help us deliver a development that draws upon the best elements of the beach and city while appealing to a global clientele.”

Adding to the excitement of Biscayne Beach will be a collaboration with celebrity designer Thom Filicia, whose New York City-based firm Thom Filicia, Inc. will serve as the condominium’s design partner, making Biscayne Beach Filica’s first residential project in Miami. An “A-List Designer” according to Elle Décor and named one of the “Top 100 Designers” by House Beautiful, Filicia has designed properties for numerous celebrities including Tina Fey, Peter Jennings, Jennifer Lopez and Marc Anthony. He has also been the creative mastermind behind several W Hotels, including the iconic W Westwood in L.A.  Filicia's recognition expanded beyond the design world when he was cast in the Emmy-Award winning hit show Queer Eye for the Straight Guy. Filica’s camera-friendly personality and design acumen have led to numerous TV appearances including The Oprah Winfrey Show, Good Morning America, The Tonight Show with Jay Leno, The View, The Today Show, Ellen, Late Night with Conan O'Brien and many more.

“The beautiful design elements by Thom Filicia combined with the area’s first and only beach club will make Biscayne Beach the hottest address in the East Edgewater neighborhood,” said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate, Biscayne Beach’s exclusive sales and marketing firm. “The resort-like amenities and unobstructed views are all available at surprising prices for waterfront property, which is increasingly difficult to find in this cosmopolitan city.”

The launch of Biscayne Beach coincides with Miami’s emergence as a top residential market for buyers hailing from across the U.S., Latin America, Europe and Asia. Miami’s accelerating sales activity is being fueled by a surge of demand for urban, multifamily living. In the City’s urban core alone, more than 97% of the 23,000 condos built during the last real estate cycle are now occupied, according to the Miami Downtown Development Authority. Diminishing supply, rising home values, and a gradually improving economy are ushering in the next cycle of development.

Biscayne Beach residences will feature 10-foot ceilings, floor-to-ceiling glass, and water and city views from every unit. Beach Club amenities will include jet skis, wind sails, paddle boards, a beach bar/restaurant, and beach club pool. The lobby of the building will feature a high-end restaurant for residents, beach club members, and visitors to enjoy. Additional building amenities include private lobby entrances for residents and beach club members, separate owner parking, indoor/outdoor club bar, tennis center, basketball half-court, beauty center, art gallery, theatre, business center, meeting rooms, spa and fitness center.

  

For more information and preconstruction sales opportunities at Biscayne Beach, please contact Cervera Real Estate at (305) 374-3434.

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About Biscayne Beach:

Biscayne Beach is a 399-unit luxury condominium developed by a joint venture between Eastview Development and GTIS Partners in the heart of Miami’s East Edgewater district.  The 51-story tower will bring the beach to the City with Miami’s newest beach club fronting the waters of Biscayne Bay, complete with white sand, water access and premium amenities. Located at 711 NE 29th Street, Biscayne Beach will break ground in the first quarter of 2014, with completion slated for 2016. Learn more at www.biscaynebeachresidences.com.

About Eastview Development:

Eastview Development is a real estate development firm whose principals have combined over 120 years of experience in developing, financing and marketing residential and commercial real estate projects across the United States. Eastview’s development portfolio spans projects across the country, including condominium and multifamily developments in Florida, as well as office and multifamily projects in New York State. Eastview Development is based in West Palm Beach, Florida. Learn more at www.eastviewdev.com.

About GTIS Partners:

GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles and São Paulo. GTIS Partners has 58 employees and currently manages approximately $2.3 billion of committed equity.   To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil.  GTIS currently has 39 residential projects across 11 states in the U.S., and significant investment in Brazil. The firm’s principals have over 90 years of real estate development, investment, management, and operations experience, which spans all major property types and geographies. Learn more at www.gtispartners.com.