Tag Archives: New construction

Best Miami Luxury Condo, Aria On The Bay

Miami Luxury Condo Profile: Aria On The Bay

Aria On the Bay is a new luxury condo tower in Miami with a focus on resort style upscale living. Located at 250 NE 25th Street the 53-floor tower has a building design that makes a statement. From the entrance through to the lobby and into each unit, Aria on the Bay [developer’s website] is a great example of living a luxurious elevated lifestyle in the city.

Grand entrance

Aria on the Bay was designed to make a statement and give the impression of luxury from the moment you arrive. The entrance is eye catching, featuring sleek pillars and contemporary landscaping. The whole entry has a very modern and sophisticated feel with water features, stone work, and a covered drive for easy access. Using an entry setup like this creates a very hotel or resort style atmosphere.

Through the main doors, visitors enter the lobby and are immediately met with a calm atmosphere. The modern design and resort layout continues with a flowing staircase, high ceilings, unique lavish lighting and high end designer furnishings. With a lobby like this visitors immediately have a higher expectation of what the building provides and what a resident lifestyle might entail.

Amenities

Best Miami Luxury Condo

One of the true tests of a luxury condo tower is the amenities they provide. In order to truly provide luxury and upscale living the whole building must be sophisticated, not just the units themselves. The amenities at Aria on the Bay cater to a variety of lifestyles and completes the resort ambiance.

A large portion of the resort style amenities are the two pools, one is a rooftop deck pool with amazing views of the city and Biscayne Bay. This location elevates the luxury of the pool, which includes lounge areas with a tropical vibe, and it’s the perfect place to enjoy the sunrise and sunset over the city. This deck also has a hot tub which makes chilly nights or relaxing after work that much more enjoyable. A second pool is more family friendly and is a children’s pool. This is a great space for families to enjoy the resort style living together.

The amenities continue to add luxury to this lavish building with an indoor and outdoor social room for meeting other residents or getting together with friends. There is a teen lounge, children’s playroom, and business center, providing a separate space for work or studying. Other luxury amenities include a 24 hour reception desk, valet parking, private gated parking, and a state of the art gym and yoga studio. These resort style features, paired with a game room, library, and private theater provide something for everyone.

Residences

The luxury condos at Aria on the Bay are offered in a range of sizes and layouts from one to four bedrooms. Each unit has an open layout with high ceilings and high end finishes. The units exude luxury with their floor to ceiling windows overlooking the city and the bay. There is a very modern and upscale feel in each condo, no matter the size, and the oversized balconies continue the resort style living outdoors.

Brickell New Construction developing in 2017

New Construction Brickell Condos Get A Boost From Foreign Buyers

In 2008, the real estate market in Miami was struggling, leading foreign buyers to invest and rescue the market. Currently, the market seems to be slowing down after a boom in construction, especially new construction in Brickell. In the early stages, the new construction in Brickell was boosted by foreign investors who were investing in property that would create new growth in the area. Brickell is now a highly sought after location with a saturated market. This has created a buyer’s market which is once again attracting foreign buyers.

The Brickell neighborhood is part of Miami across the river from Downtown. This neighborhood was once the financial district which was busy during office hours and slow in the evening. Due to new construction in Brickell the neighborhood is now a destination for urban living, popular dining, and nightlife.

Pre-construction

The new development and growth in Brickell makes it an attractive market. The new construction in Brickell was funded by and boosted partly by foreign buyers. Buildings such as Brickell Heights and SLS Lux were funded by investors from south of the United States border. More than 60% of the investors for Flatiron Brickell were from Latin America, and many buyers from these locations are looking for high end luxury units. Now foreign buyers are taking advantage of the current market in the area. The last two years have brought many new projects and new construction to the Brickell neighborhood, creating rapid growth and a variety of listings for new apartments and condos.

Current market

In 2017 many of those new construction projects are wrapping, leading to an abundance of listings which is creating a buyer’s market. Foreign buyers are taking advantage of this marketplace by purchasing high end condos in the area, which is boosting Brickell condo sales. These buyers have seen growth in the area due to their early investments and are now taking advantage of the popularity of the neighborhood and purchasing condos for vacation homes or a place to stay while on business.

Canadian buyers

Brickell New Construction Canadians

One of the foreign markets interested in Miami is Canada, according to a report from The Real Deal. Other foreign investors and markets have slowed because of the exchange rates, creating an opening for Canadian buyers and investors. The current pricing in Brickell, especially in the new construction buildings has made Miami a great market to invest in. Brickell is now a destination, and Canadians enjoy the area for the weather and change of pace. New construction in Brickell has created an abundance of condo opportunities which make great vacation homes or second homes for foreign buyers.

Foreign buyers are boosting new construction sales in Brickell because they are bringing investment money into the area. While Brickell is currently a buyer’s market, foreign investors can take advantage of the current exchange rate and bring competition to the saturated market.

With Brickell being a popular neighborhood, foreign buyers are finding the location desirable and are getting in on the ground floor, which boosts the market and starts to reduce the abundance of condos, creating a competitive marketplace.