Miami Report 2016 Q1 New Construction Update

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

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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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