Boulevard 57 gets new name, management, renderings revealed

Saturday, May 02, 2015
Tags:   Boulevard 57 gets new name, management, renderings revealed

Boulevard 57, an eight-story condominium tower planned for Miami’s Biscayne Boulevard, is promising to bring new residential and commercial offerings to the historic MiMo District, The Real Deal has learned.

The 107-unit development, on two acres between Northeast 57th and Northeast 58th Streets, has rebranded itself, and is revealing new renderings. The $100 million project is now being managed by its owners, the Unitas Development Group, which is backed by Latin American investors from Venezuela, Colombia, Peru, Ecuador and Panama, COO Hector Torres told TRD. The former management firm, the Green Dragon Group, is no longer associated with the project, he said.

Boulevard 57 will launch sales for its 107 condo units, priced from $550,000 to $3.8 million, on September 1, Torres told TRD. Designed by Sieger Suarez Architects, the building is geared to have “modern, contemporary architecture with touches MiMo historical architecture,” Torres said. Amenities will include a pool, cabanas, barbecue area, gym, playground and pet area on the third floor deck, as well as penthouses with rooftop decks.

The condos will range from 1,100 square feet to 4,800 square feet, and will average 2,300 square feet. They are “meant for end-users, not investors,” and will be marketed primarily to local residents, Torres said. Prices will average $550 to $600 a square foot, he said.

Below the residences will be 40,000 square feet of commercial space on Biscayne Boulevard for retail and restaurants, which is being leased by Chariff Realty Group.

“Your greatest amenity is the fact that we will provide you with all of the amenities you need below you on a commercial basis,” Torres told TRD. In that way, condo owners will not have to pay to maintain such expensive additions as a spa or sauna, he said.

Lyle Chariff, president of Chariff Realty Group, said he is looking for such tenants as a “Trader Joe’s-type or Whole Foods or Fresh Market-type” grocer, a restaurant and “a lifestyle retailer like a lululemon-type merchant.”

Chariff, who lives in nearby Morningside, said he is seeking input from area residents as to what tenants they would like to see.

“That’s really the criteria,” Chariff told TRD. “It has to be a business that will first accommodate the needs and wants of the residents right next to it, and secondarily, the neighbors to the east. If we stick true to this, it will be the catalyst to make it a neighborhood project.”

Boulevard 57, formerly named “Fifty Seven,” is being built on the site of the formerly proposed Kubik, which was to have as many as 300 units. The Unitas Group bought the property for $15 million in July 2014.

While the mixed-use project is physically within the confines of MiMo neighborhood, it is essentially carved out of the district, and is not subject to the same height restrictions. “We fit into the community, even though we are a cut-out,” Torres said.

The “outreach center,” currently on the site will be completed within two months, and will become a sales center. The project is expected to be delivered in the fourth quarter of 2017.

The MiMo District is undergoing a resurgence, with a wave of redevelopment that is spreading between the 27 blocks on Biscayne Boulevard, from 50th Street to 77th Street, that encompass the district.

“We are setting a benchmark of a new trend,” Torres said. “That neighborhood is transforming.”

LEAVE A COMMENT
 
Name
 
Email Address
 
URL
 
 
Comment
 
< Back
 
73 NE 40 ST-DESIGN DISTRICT RETAIL 73 NE 40 ST-DESIGN DISTRICT RETAIL73 NE 40th Street is a brand new slice of modern elegance, articulated within th...
Noticias sobre o mercado imobiliario em Miami
Visit our Chairff Mobile website
South Beach Web Cam, Live South beach Webcam Miami Realtors Client login Points Of Interest Selling Commercial Marketing Plan
Chariff Realty Group
5801 Biscayne Boulevard,
Miami, FL 33137
Phone: (305) 576-7474
Fax: (305) 576-7494
Email: info@chariff.com
LEASED! ANOTHER DONE DEAL
Romero Britto’s gallery to move to 532 Lincoln Road After more than two decades at...

SOLD! Another Done Deal!!
Jugofresh owner Matthew Sherman has sold the Biscayne Boulevard site in MiMo that he had...

ANOTHER DONE DEAL!! CHARIFF INKS IN PINK
Two pink houses, two new deals. Lyle Chariff and Mauricio Zapata, partners in Chariff Realty...

Another Done Deal!! SOLD!
A group of local investors led by Lyle Chariff sold a retail development site in the emerging...

ANOTHER DONE DEAL! SOLD!
A Design District property across the street from the Palm Court Garage has traded hands...

Miami Design land prices Soar!!
Commercial land prices have gone sky high in the Design District over the past year or so,...

Sales heat up in area from Wynwood to Design District - “It’s become a very hot, targeted area,” Chariff told TRD.
A vacant lot west of Midtown Miami has sold for $980,000, The Real Deal has learned, as...

Boulevard 57 gets new name, management, renderings revealed
Boulevard 57, an eight-story condominium tower planned for Miami’s Biscayne Boulevard,...

Bank of China and Deutsche Bank to Loan $600M for Miami Design District Development
A trio of lenders—Deutsche Bank, Bank of China and the French banking network Crédit...

Another Done Deal-SOLD!
2400 NE 2nd Ave Miami, FL. A 10,000-square-foot office building on 13,000 Sq. Ft of land...

< Visit Our Chariff Realty Group Blog

Today's Real Estate News and Advice Updated: Saturday, August 19, 2017

How To Simplify Your Next Move

When youre selling your home, getting your belongings organized can seem like a low priority...
> Full Story

New Advances In Technology Make Going Green A Breeze

Did you know that an automatic dishwasher uses less hot water than doing dishes by hand, whi...
> Full Story

How Do You Know If Your Moving To A Diverse Neighborhood

A family I know moved from California to Texas recently to take advantage of a new job oppor...
> Full Story

Escaping Condo Jail
Question: The president of our condominium association acts alone and has previous membe...
> Full Story

4 Tips for Keeping Your Rental Property Secure

Burglaries are a concern for all home owners, but for landlords, they are an even bigger ris...
> Full Story

Savvy Buyers Search Out Visual Disasters

Instead of shopping for your dream home, why not search out your dream discount?

First-tim...
> Full Story

Seller Cancellation Must Be Done By The Book

Breaking up is hard to do. So is cancelling a California real estate purchase contract. Espe...
> Full Story

Clever Ways To Create More Storage In Your Kitchen

Who doesnt need more storage in the kitchen? You may not have a massive space with dozens of...
> Full Story

Introducing Your New Color Obsession

Is it gray? Blue? Green? Its all of them wrapped up in your new color obsession, and its goi...
> Full Story

What to Do With That Spare Wall In The Kitchen

Does your kitchen have a wall or a nook thats too far away from the action to be part of the...
> Full Story

Copyright © 2017 Realty Times®. All Rights Reserved