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 2016 Q1 UPDATE
NEW CONSTRUCTION SUMMARY Total New Construction Condo Units to be built, sold and currenlty available for sale in Brickell, Miami River, Biscayne Corridor (Edgewater, Wynwood, Midtown, Design District & Omni), Downtown Miami, The Beaches (South Beach/Miami Beach, Bay Harbour, Sunny Isles, Hallandale and Hollywood Beach), Aventura, North Miami Beach, Coconut Grove, Key Biscayne and Fort Lauderdale
Project units total
Developer Units Sold
18,162
4,354
Total
Unsold
13,808
76% SOLD AS OF APRIL 2016
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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
80% SOLD
Echo Brickell
92% SOLD
Le Parc
85% SOLD
81 Total Units 180 Total Units
128 Total Units
Nine at Mary Brickell Village
100% SOLD
MyBrickell
100% SOLD
SLS Hotel and Residences
100% SOLD
453 Total Units
SLS Lux
95% SOLD
450 Total Units
The Bond
97% SOLD
One River Point East
20% SOLD
200 Total Units
One River Point West
15% SOLD
200 Total Units
MIAMI RIVER
390 Total Units 192 Total Units
323 Total Units
5,913 Units total 4,844 / 82% Units Sold 1,069 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
DESIGN DISTRICT
100% SOLD
Boulevard 57
11% SOLD
105 Total Units
Baltus House
100% SOLD
167 Total Units
23 Biscayne Bay 26 Edgewater
100% SOLD
Biscayne Beach The Crimson Elysee Icon on the Bay
73% SOLD
57% SOLD
Auberge Miami Residences
24% SOLD
Canvas
56% SOLD
Centro
96% SOLD
Paramount, Miami Worldcenter Signature Tower
388 Total Units
368 Total Units
COMING SOON
Aria
1000 Museum
276 Total Units
100% SOLD
65% SOLD
DOWNTOWN MIAMI
317 Total Units
85% SOLD
Hyde Midtown
MIDTOWN
60% SOLD 45% SOLD
100 Total Units 300 Total Units
100% SOLD
100% SOLD
Spark
90 Total Units
32% SOLD
One Paraiso
165 Total Units 399 Total Units
99% SOLD
65% SOLD
Paraiso Bay Tower I
OMNI
100% SOLD
Gran Paraiso Paraiso Bayviews
96 Total Units
86 Total Units
88% SOLD
Bay House
EDGEWATER
11 Total Units
56 Total Units 395 Total Units 648 Total Units 290 Total Units 513 Total Units 352 Total Units
83 Total Units 500 Total Units
Biscayne Corridor: 4,770 Units Total 3,484 / 73% Units Sold 1,286 Unsold Downtown Miami: 935 Units Total 612 / 65% Units Sold 323 Unsold AVG. ABSORPTION: 611 UNITS ANNUALLY OVER THE LAST 5 YEARS ISG MIAMI REPORT
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THE BEACHES Consists of South Beach, Miami Beach, Bay Harbor, Surfside, Bal Harbour, Sunny Isles, Hallandale and Hollywood Beach. Condo Units Available for Sale since Mid 2011
Developer Units Unsold
Developer Units Sold
87 Park 321 Ocean Beach House 8 Edition Residences Faena House Glass MIAMI BEACH / SOUTH BEACH
L’Atelier Louver House Marea South Beach The One One Ocean Palau Sunset Harbour Peloro On The Bay Ritz-Carlton Residences
26 Total Units
81% SOLD
47 Total Units
100% SOLD
10 Total Units
100% SOLD
52% SOLD 50% SOLD
23 Total Units
12 Total Units 30 Total Units
100% SOLD
159 Total Units
90% SOLD
50 Total Units
100% SOLD
45 Total Units
100% SOLD 100% SOLD
114 Total Units
60% SOLD
111 Total Units 19 Total Units
Bay Breeze Residences
59% SOLD
17 Total Units
25% SOLD 71% SOLD
36 Total Units
17 Total Units
Kai at Bay
74% SOLD
Le Jardin
53% SOLD
O Residences Peral House
57 Total Units
30 Total Units
100% SOLD 87% SOLD
41 Total Units
15 Total Units
Sereno at Bay Harbour
97% SOLD
The Ivory
40 Total Units
78% SOLD
41 Total Units
Visita Fendi Chateau
ISG MIAMI REPORT
8 Total Units
100% SOLD
70% SOLD
Harbor Park
6
21 Total Units
95% SOLD
Three Hundred Collins Bay Harbor One
BAY HARBOR
70 Total Units
20% SOLD
9% SOLD
11 Total Units
80% SOLD
58 Total Units
Developer Units Unsold
Developer Units Sold
SURFSIDE
Surf Club Four Seasons Private Residences
80% SOLD
Oceana
75% SOLD
BAL HARBOUR
400 Sunny Isles Aurora
SUNNY ISLES BEACH
Chateau Beach
90% SOLD
Jade Signature
88% SOLD
The Estates At Acqualina
30% SOLD
90% SOLD
Porsche Design Tower
95% SOLD
Turnberry Ocean Club
30% SOLD
BeachWalk Apogee Beach Hyde Beach House
Hyde Resort and Residences Sage Beach
81 The Total Units 192 Total Units 264 Total Units 79 Total Units 68 Total Units
320 Total Units 132 Total Units 39 Total Units
90% SOLD 53% SOLD
61 Total Units 308 Total Units
69% SOLD
Ritz Carlton Residences
HALLANDALE BEACH
HOLLYWOOD BEACH
100% SOLD
Parque Towers
Regalia
230 Total Units
20% SOLD 60% SOLD
Muse
239 Total Units
100% SOLD
Residences by Armani Casa
Mansions At Acqualina
150 Total Units
212 Total Units 154 Total Units 100% SOLD
100% SOLD
49 Total Units
86% SOLD 100% SOLD 85 % SOLD
84 Total Units
77 Total Units
40 Total Units
24 Total Units
3,911 Units total 2,901 / 74% Units Sold 1,010 Unsold AVG. ABSORPTION: 750 UNITS ANNUALLY OVER THE LAST 5 YEARS ISG MIAMI REPORT
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AVENTURA Total New Construction Condo Units Available for Sale since Mid 2011 Developer Units Unsold
Developer Units Sold
Aventura Park Square Avva
131 Total Units
56% SOLD
5 Total Units
20% SOLD
Bellini
AVENTURA
Echo Aventura
90% SOLD
PrivĂŠ
50% SOLD
Vida At The Point
70 Total Units
90% SOLD
190 Total Units 160 Total Units
50% SOLD
66Total TotalUnits Units
562 Units total 401 / 71% Units Sold 161 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
76% 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
400 Total Units 468 Total Units 154 Total Units 97 Total Units
30% SOLD
50 Total Units
90% SOLD 97% SOLD
72 Total Units 140 Total Units
1,381 Units total / 1,192/ 86% Units Sold / 189 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
32One Adagio On The Bay AquaBlu Fort Lauderdale
FORT LAUDERDALE
23 Total Units
17% SOLD 100% SOLD
12 Total Units
69% SOLD
35 Total Units
AquaLuna Las Olas
75% SOLD
16 Total Units
AquaMar Las Olas
70% SOLD
20 Total Units
AquaVita Las Olas
100% SOLD
AquaVue Las Olas
50% SOLD
Auberge North Tower Auberge South Tower
8 Total Units
90% SOLD 15% SOLD
57 Total Units 114 Total Units
Total Units 11% SOLD1642 Total Units
Four Season Private Residences Gale Hotel & Residences
60% SOLD 56%
Paramount Fort Lauderdale
75% SOLD
Riva
60% SOLD
Wave
22 Total Units
33% SOLD
128 Total Units 95 Total Units 100 Total Units 18 Total Units
*BellaVita and 1800 Las Olas removed- Start date TBD/Cancelled
690 Units total / 374 / 54% Units Sold / 316 Unsold AVG. ABSORPTION: 210 UNITS ANNUALLY OVER THE LAST 5 YEARS
ISG MIAMI REPORT
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