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 Q4 UPDATE
NEW CONSTRUCTION SUMMARY Total New Construction Condo Units to be built, sold and currently available for sale in Brickell, Biscayne Corridor (Edgewater, Wynwood, Midtown, Design District & Omni)/Downtown Miami, The Beaches (South Beach, Miami Beach, Surfside, Bal Harbour, Sunny Isles, Hallandale, Hollywood Beach) Aventura, North Miami Beach, Coconut Grove & Key Biscayne Since Mid 2011
Project units total
Developer Units Sold
17,353
4,105
Total
Unsold
13,248
76% SOLD AS OF JANUARY 2016
3
ISG MIAMI REPORT
Developer Units Unsold
BRICKELL & MIAMI RIVER Total New Construction Condo Units Available for Sale since Mid 2011
Developer Units Sold
1100 Millecento
Developer Units Unsold
382 Total Units
100% SOLD
387 Total Units
1010 Brickell
94% SOLD
Brickell City Centre Tower I - Reach
88% SOLD
390 Total Units
Brickell City Centre Tower II - Rise
40% SOLD
390 Total Units
Brickell Heights East
95% SOLD
Brickell Heights West
85% SOLD
Brickell House
BRICKELL
332 Total Units 374 Total Units
100% SOLD
BrickellTen
98% SOLD
Brickell Flatiron
45% SOLD
Cassa Brickell
358 Total Units
155 Total Units 548 Total Units
81% SOLD
Echo Brickell
92% SOLD
Le Parc
85% SOLD
Nine at Mary Brickell Village
100% SOLD
MyBrickell
100% SOLD
81 Total Units 180 Total Units
128 Total Units 390 Total Units 192 Total Units
SLS Hotel and Residences
99% SOLD
453 Total Units
SLS Lux
95% SOLD
450 Total Units
The Bond
97% SOLD
MIAMI RIVER
323 Total Units
One River Point East
COMING SOON
200 Total Units
One River Point West
COMING SOON
200 Total Units
*The Edge on Brickell cancelled - Removed from numbers
5,913 Units total 4,770 / 81% Units Sold 1143 Unsold AVG. ABSORPTION: 625 UNITS ANNUALLY OVER THE LAST 5 YEARS 4
ISG MIAMI REPORT
BISCAYNE CORRIDOR DOWNTOWN MIAMI Biscayne Corridor consists of Wynwood, Design District, Edgewater, Midtown & Omni Total New Construction Condo Units Available for Sale since Mid 2011
Developer Units Unsold
Developer Units Sold
250 Wynwood
WYNWOOD
Baltus House
DESIGN DISTRICT
23 Biscayne Bay 26 Edgewater
100% SOLD 100% SOLD
The Crimson
EDGEWATER
Elysee Icon on the Bay
OMNI
DOWNTOWN MIAMI
73% SOLD
276 Total Units 388 Total Units
368 Total Units
100% SOLD COMING SOON
Aria
57% SOLD
Canvas
56% SOLD
Centro
96% SOLD
Paramount, Miami Worldcenter Signature Tower
317 Total Units
85% SOLD
65% SOLD
60% SOLD 35% SOLD
100 Total Units 300 Total Units
100% SOLD
Hyde Midtown
1000 Museum
90 Total Units
25% SOLD
100% SOLD
165 Total Units 399 Total Units
99% SOLD
One Paraiso
Spark MIDTOWN
100% SOLD
65% SOLD
Paraiso Bay Tower I
96 Total Units
86 Total Units
88% SOLD
Gran Paraiso
Paraiso Bayviews
167 Total Units
100% SOLD
Bay House Biscayne Beach
11 Total Units
56 Total Units 395 Total Units 648 Total Units 513 Total Units 352 Total Units
83 Total Units 500 Total Units
*Krytal Tower on hold - Removed from numbers
Biscayne Corridor: 4,375 Units Total 3,395 / 78% Units Sold 980 Unsold Downtown Miami: 935 Units Total 577 / 62% Units Sold 358 Unsold AVG. ABSORPTION: 611 UNITS ANNUALLY OVER THE LAST 5 YEARS ISG MIAMI REPORT
5
THE BEACHES Consists of South Beach, Miami Beach, Surfside, Bal Harbour, Sunny Isles, Hallandale and Hollywood Beach Condo Units Available for Sale since Mid 2011
Developer Units Unsold
Developer Units Sold
321 Ocean Beach House 8 Edition Residences Faena House Glass MIAMI BEACH / SOUTH BEACH
L’Atelier Louver House Marea South Beach One Ocean Palau Sunset Harbour
100% SOLD
10 Total Units
50% SOLD 50% SOLD
21 Total Units
12 Total Units
97% SOLD
30 Total Units 50 Total Units
100% SOLD 100% SOLD
45 Total Units
60% SOLD
111 Total Units
*1 Hotel and Homes
81% SOLD 58% SOLD
159 Total Units 19 Total Units
80% SOLD
Surf Club Four Seasons Private Residences
80% SOLD
Oceana Bal Harbour
75% SOLD
*Standing Inventory from Last Cycle The Bath Club Estates Canceled - removed from numbers
ISG MIAMI REPORT
47 Total Units
100% SOLD
Ritz-Carlton Residences
Fendi Chateau
6
26 Total Units
81% SOLD
114 Total Units
Three Hundred Collins
BAL HARBOUR
8 Total Units
100% SOLD
100% SOLD
Peloro On The Bay
SURFSIDE
21 Total Units
90% SOLD
58 Total Units 150 Total Units 239 Total Units
Developer Units Unsold
Developer Units Sold
400 Sunny Isles Residences by Armani Casa
60% SOLD
Chateau Beach
90% SOLD
Jade Signature
88% SOLD
The Estates At Acqualina
30% SOLD
Mansions At Acqualina Muse
SUNNY ISLES BEACH
100% SOLD
90% SOLD
Porsche Design Tower
95% SOLD
53% SOLD
Turnberry Ocean Club
30% SOLD
BeachWalk HALLANDALE BEACH
81 The Total Units 192 Total Units 264 Total Units 79 Total Units
132 Total Units 39 Total Units
212 Total Units 154 Total Units
20% SOLD
100% SOLD
*Hyde Resort and Residences
100% SOLD
Sage Beach
61 Total Units
100% SOLD
Apogee Beach
HOLLYWOOD BEACH
68 Total Units
320 Total Units
90% SOLD
Ritz Carlton Residences
Aurora
308 Total Units
68% SOLD
Parque Towers
Regalia
230 Total Units
100% SOLD
85 % SOLD
84 Total Units
49 Total Units 40 Total Units
24 Total Units
*Condo Residences Only *OceanBleau on hold - Removed from numbers
3,457 Units total 2,563 / 74% Units Sold 894 Unsold AVG. ABSORPTION: 750 UNITS ANNUALLY OVER THE LAST 5 YEARS ISG MIAMI REPORT
7
AVENTURA Total New Construction Condo Units Available for Sale since Mid 2011 Developer Units Unsold
Developer Units Sold
Avva Echo Aventura
190 Total Units
90% SOLD
PrivĂŠ Aventura Park Square Vida At The Point
70 Total Units
90% SOLD
Bellini
AVENTURA
5 Total Units
20% SOLD
160 Total Units
50% SOLD
131 Total Units
46% SOLD 50% SOLD
66Total TotalUnits Units
562 Units total 378 / 67% Units Sold 184 Unsold AVG. ABSORPTION: 160 UNITS ANNUALLY OVER THE LAST 5 YEARS
NORTH MIAMI BEACH, KEY BISCAYNE & COCONUT GROVE Total New Construction Condo Units Available for Sale since Mid 2011 Developer Units Unsold
Developer Units Sold
The Harbour
80% SOLD
Marina Palms Towers I & II
90% SOLD
NORTH MIAMI BEACH
KEY BISCAYNE
COCONUT GROVE
Oceana
100% SOLD
Grove at Grand Bay
100% SOLD
One Park Grove Two Park Grove
Park Grove Club Residences
425 Total Units 468 Total Units 154 Total Units 97 Total Units
COMING SOON 90% SOLD 90% SOLD
40 Total Units
73 Total Units 152 Total Units
1,409 Units total / 1,215 / 86% Units Sold / 194 Unsold AVG. ABSORPTION: 105 UNITS ANNUALLY OVER THE LAST 5 YEARS 8
ISG MIAMI REPORT
FORT LAUDERDALE Total New Construction Condo Units Available for Sale since Mid 2011 Developer Units Unsold
Developer Units Sold
1800 Las Olas Adagio On The Bay AquaBlu Fort Lauderdale
FORT LAUDERDALE
100% SOLD 100% SOLD
4 Total Units 12 Total Units
54% SOLD
35 Total Units
AquaLuna Las Olas
80% SOLD
16 Total Units
AquaMar Las Olas
50% SOLD
20 Total Units
AquaVita Las Olas
100% SOLD
Auberge North Tower Auberge South Tower BellaVita Las Olas
*Four Season Private Residences
90% SOLD
Total Units COMING SOON 1616 Total Units 11% SOLD 60% SOLD 56%
Paramount Fort Lauderdale
70% SOLD
Riva
60% SOLD
Wave
57 Total Units
114 Total Units
10% SOLD
*Gale Hotel & Residences
32One
22 Total Units
42 Total Units 128 Total Units
95 Total Units 100 Total Units
17% SOLD
23 Total Units
COMING SOON
18 Total Units
*Hotel Units Not Included PRIVAGE cancelled - removed from numbers
702 Units total / 350 / 50% Units Sold / 352 Unsold AVG. ABSORPTION: 210 UNITS ANNUALLY OVER THE LAST 5 YEARS
ISG MIAMI REPORT
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