A N I N - D E PT H A N A LY S I S O F SO U T H F L O R I DA’ S N E W CO N D O M I N I U M M A R K E T
NEW CONSTRUCTION 2015 Q1 UPDATE
Brickell Total New Construction Condo Units Available for Sale since Jan. 2012
Developer Units Sold
1100 Millecento
Developer Units Unsold
382 Total Units
100% SOLD
387 Total Units
1010 Brickell
92% SOLD
Brickell City Centre Tower I - Reach
85% SOLD
390 Total Units
Brickell City Centre Tower II - Rise
17% SOLD
383 Total Units
Brickell Heights East
90% SOLD
Brickell Heights West
40% SOLD
Brickell House
BRICKELL
332 Total Units 374 Total Units
100% SOLD
BrickellTen
82% SOLD
Brickell Flatiron
40% SOLD
Cassa Brickell
358 Total Units
155 Total Units 548 Total Units
69% SOLD
The Edge on Brickell
40% SOLD
Echo Brickell
87% SOLD
Le Parc
80% SOLD
Nine at Mary Brickell Village
95% SOLD
81 Total Units
130 Total Units 180 Total Units 128 Total Units 390 Total Units 192 Total Units
MyBrickell
100% SOLD
SLS
100% SOLD
453 Total Units
SLS Lux
80% SOLD
450 Total Units
The Bond
90% SOLD
323 Total Units
5,636 Units total • 4,345 Units Sold • 1,291 Unsold Avg. Absorption: 1,900 Units Annually over the last 10 years ISG MIAMI REPORT
2
Biscayne Corridor Consists of Wynwood, Design District, Edgewater, Midtown & Downtown Miami Total New Construction Condo Units Available for Sale since Jan. 2012
Developer Units Sold
250 Wynwood
W YNWOOD
Baltus House
DESIGN DISTRICT
91% SOLD 99% SOLD
Bay House
98% SOLD
Biscayne Beach
98% SOLD
Icon on the Bay
Paraiso Bayviews
75% SOLD
Paraiso Bay Tower I
99% SOLD
Hyde Midtown
35% SOLD
399 Total Units
Aria
40% SOLD
Canvas
27% SOLD
Centro
89% SOLD
Krystal Towers
22% SOLD
Paramount, Miami Worldcenter Signature Tower
15% SOLD
90 Total Units 300 Total Units 276 Total Units 388 Total Units 368 Total Units 395 Total Units
50% SOLD
1000 Museum
DOWNTOWN MIAMI
165 Total Units
100% SOLD 99% SOLD
96 Total Units
86 Total Units
72% SOLD
One Paraiso
MIDTOWN
167 Total Units
COMING SOON
The Crimson
EDGEWATER
11 Total Units
100% SOLD
23 Biscayne Bay 26 Edge Water
Developer Units Unsold
83 Total Units 647 Total Units 513 Total Units 352 Total Units
153 Total Units 473 Total Units
ION canceled - removed from numbers
*
4,962 Units total • 3,115 Units Sold • 1,847 Unsold Avg. Absorption: 1,300 Units Annually over the last 10 years ISG MIAMI REPORT
3
The Beaches Consists of South Beach, Miami Beach, Surfside, Bal Harbour, Sunny Isles, Hallandale and Hollywood Beach Total New Construction Condo Units Available for Sale since Jan. 2012
Developer Units Sold
321 Ocean
21 Total Units
The Bath Club Estates
15% SOLD
13 Total Units
Beach House 8
100% SOLD
8 Total Units
Edition Residences Faena House Glass L’Atelier MIAMI BEACH / SOUTH BEACH
Louver House
Marea South Beach One Ocean Palau Sunset Harbour
81% SOLD
26 Total Units
100% SOLD
47 Total Units
100% SOLD 10 Total Units 35% SOLD 25% SOLD
20 Total Units
12 Total Units
97% SOLD
30 Total Units
100% SOLD 100% SOLD
50 Total Units 45 Total Units
100% SOLD
114 Total Units
Ritz-Carlton Residences
45% SOLD
111 Total Units
1 Hotel and Homes
75% SOLD
Peloro On The Bay
*
Fendi Chateau SURFSIDE
95% SOLD
Developer Units Unsold
70% SOLD
Surf Club Four Seasons Private Residences
70% SOLD
Oceana Bal Harbour
60% SOLD
BAL HARBOUR
159 Total Units
58 Total Units 150 Total Units 239 Total Units
ISG MIAMI REPORT
4
The Beaches Cont. Consists of South Beach, Miami Beach, Surfside, Bal Harbour, Sunny Isles, Hallandale and Hollywood Beach Total New Construction Condo Units Available for Sale since Jan. 2012
Developer Units Sold
400 Sunny Isles
70% SOLD
Chateau Beach
99% SOLD
Jade Signature
80% SOLD
The Estates At Acqualina
15% SOLD
At Acqualina
96% SOLD
Muse
82% SOLD
Porsche Design Tower
93% SOLD
Ritz Carlton Residences Turnberry Ocean Club
192 Total Units 260 Total Units 79 Total Units
320 Total Units 139 Total Units 39 Total Units 210 Total Units 154 Total Units
25% SOLD
100% SOLD
100% SOLD
Hyde Resort and Residences
100% SOLD
HOLLYWOOD BEACH
Sage Beach Ocean Bleau
85 % SOLD
84 Total Units 182 Total Units
75% SOLD
Apogee Beach *
68 Total Units
20% SOLD
BeachWalk
Park Towers
84 The Total Units
90% SOLD
*
HALLANDALE BEACH Gulfstream
250 Total Units
54% SOLD
Parque Towers
Regalia
230 Total Units
100% SOLD
Armani Casa
Mansions SUNNY ISLES BEACH
Developer Units Unsold
49 Total Units 40 Total Units
24 Total Units
COMING SOON
48 Total Units
Condo Residences Only
*
3,565 Units total • 2,445 Units Sold • 1120 Unsold Avg. Absorption: 1,300 Units Annually over the last 10 years ISG MIAMI REPORT
5
Aventura Total New Construction Condo Units Available for Sale since Jan. 2012
Developer Units Sold
Echo Aventura
89% SOLD
Bellini
90% SOLD
Prive
48% SOLD
Aventura Park Square
23% SOLD
AVENTURA
Developer Units Unsold
190 Total Units 70 Total Units 160 Total Units 131 Total Units
551 Units total • 339 Units Sold • 212 Unsold Avg. Absorption: 265 Units Annually over the last 10 years
North Miami Beach, Key Biscayne & Coconut Grove Total New Construction Condo Units Available for Sale since Jan. 2012
Developer Units Sold
NORTH MIAMI Beach
The Harbour
62% SOLD
Marina Palms Towers I & II
85% SOLD
KEY BISCAYNE
Oceana
Grove at Grand Bay COCONUT GROVE
One Park Grove Two Park Grove
Park Grove Club Residences
Developer Units Unsold
400 Total Units 468 Total Units
100% SOLD
154 Total Units
100% SOLD 97 Total Units COMING SOON 65% SOLD
70% SOLD
40 Total Units
73 Total Units
152 Total Units
1,384 Units total • 1,050 Units Sold • 334 Unsold Avg. Absorption: 200 Units Annually over the last 10 years ISG MIAMI REPORT
6
Fort Lauderdale Total New Construction Condo Units Available for Sale since Jan. 2012 Developer Units Sold
1800 Las Olas Adagio On The Bay AquaBlu Fort Lauderdale
FORT LAUDERDALE
100% SOLD
Developer Units Unsold
4 Total Units
100% SOLD 12 Total Units COMING SOON
35 Total Units
AquaLuna Las Olas
75% SOLD
16 Total Units
AquaMar Las Olas
60% SOLD
20 Total Units
AquaVita Las Olas
100% SOLD
Auberge BellaVita Las Olas
COMING SOON 25% SOLD
Gale Hotel & Residences
20% SOLD
Paramount Fort Lauderdale
60% SOLD
*
Privage Riva
171 Total Units
23% SOLD
Four Season Private Residences
*
22 Total Units
70 Total Units
7% SOLD 50% SOLD
16 Total Units 128 Total Units
95 Total Units 22 Total Units 100 Total Units
Hotel Units Not Included
*
711 Units total • 267 Units Sold • 444 Unsold Avg. Absorption: 470 Units Annually over the last 10 years
16,809 Total
New Construction Summary 5,248 Unsold
11,561
Project Units Total
Developer Units Sold
Developer Units Unsold
Total New Construction Condo Units to be built, sold and currently available for sale in Brickell, Biscayne Corridor (Downtown Miami, Edgewater, Wynwood, Midtown & Design District), the Beaches (South Beach, Miami Beach, Surfside, Bal Harbour, Sunny Isles, Hallandale, Hollywood) Aventura, North Miami beach, Coconut Grove & Key Biscayne Since Jan. 2012.
69% SOLD AS OF MAR 2015
ISG MIAMI REPORT
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