The Design District is preparing for a facelift and the designers at Dacra have announced the exciting and comprehensive plans. At the center of the plans, Plumer Alley, which is adjacent to Oak Plaza will be extended from 42^nd Street to 38^th Street which would create a pedestrian street similar to Lincoln Road, and would stretch the length of the district. Two department stores with up to three stories will be on either end and a number of luxury retailers have already signed up to be in this thoroughfare. Louis Vuitton, Hermes, and Cartier are some of the names that have been announced and they will have temporary shops open as soon as this fall. They have also announced a 53 room hotel and a 96 unit residential project with special focuses on rooftop gardens with cascading green walls. The project will literally transform the district and many inquiries are being made already regarding the real estate opportunities in the surrounding neighborhoods.

Currently under construction is the first garden that will replace Enea Bamboo Garden and the new facades are being constructed at the Dacra properties along NE 2^nd Street to facilitate these plans. Opening this August is also the Cartier headquarters at 151 NE40th Street. The store will be 4,331 square feet with 3,000 square feet of retail area with four private viewing rooms including Cartier jewelry, watches, accessories, and fragrances. According to Dacra, this area is meant to appeal to European sensibilities and they will likely attract very high prices. The designs are very sophisticated and the retailers will be a step up from Bal Harbour, however Dacra is not seeking to change the character of the district significantly and will have a low-rise mixture of old and new construction. Trees will be spared at all costs and the entire project will be as green as possible. For more information on this project and the opportunities to purchase properties in the surrounding areas, contact us directly.

Jorge Perez, developer tycoon (The Related Group), has announced his latest project, Icon Bay. In the past 20 years, The Related Group has lived up to its slogan which is “Redefining Cities and Skylines" by establishing relationships with key international developers such as Donald Trump, and  world-renowned architects/designers such as Arquitectonica, Philippe Starck, Carlos Ott and Pininfarina to create some of the most luxurious residential and commercial developments in the world. Some of their landmarked developments in Miami include the Trump Hollywood, Icon Brickell, Icon South Beach, Apogee Beach, and Millecento.

The Icon Bay is the third Icon project from The Related Group, and will be desgined by world renowned architecture and Design firm, Arquitectonica. Icon Bay will be located at 428 N.E. 28^th Street, near the Performing Arts Center, Midtown, Wynwood, and the Design District soon to become the "Rodeo Drive of Miami" thanks to Bernard Arnault's vision (LVMH). It will be steps away from the upcoming pharaonic World Resort Miami complex,  5 minutes from downtown Brickell, and 15 minutes from the Miami International Airport. 

The tower will stand 40 stories and will have 300 luxury waterfront condominiums with 8 units per floor. Each unit will have its own private elevator, unobstructed views of Biscayne Bay and Miami Beach, 9 foot ceilings, secured parking, faceted glass railed balconies, and 1 assigned parking space with the option to buy additional. The condominium amenities will include an infinity waterfront pool, party room, top of the line fitness facility and Spa, as well as a  movie room. It will also have its very own 400 feet private waterfront park for the exclusive use of Icon Bay's residents with sculptures and fence designed and curated by artists from the Miami Art Museum.

Pre-construction prices start at  $450/sq.ft with the following units and pricing available:

 

- 1 bed+Den / Bath  starting from $430,000.00: Unit #1802 - 928 sq.ft, $466,900; Unit #3402 - 928 sq.ft, $500,900

- 2 bed/2 bath starting from $495,000.00: Unit #1006 - 1138 sq.ft, $514,900; Unit #2106 - 1138sq.ft, $535,900; Unit #2005 - 1208sq.ft, $569,900; Unit #1107 - 1181sq.ft, $532,900;

- 2bed+Den /2 bath starting from $535,000.00: Unit #801 - 1450sq.ft, $616,900; Unit #2601 - 1450sq.ft, $669,900;

- 3 bed / 3bath staring from $725,000.00: Unit #908 - 1530 sq.ft, $744,900; Unit #2808 - 1530 sq.ft, $801,900;

The above examples of pricing and availabiliities are subject to change at any point in time.

Freud Realty will be pleased to assist you with the reservation process starting immediately. We will make sure you'll be among the very first to take advantage of this great opportunity. Purchase terms are as follow:

- 10% down reservation,

- 10% with contract (November?december 2012 approx)

- 20% at the groundbreaking (Q1 of 2013)

- 10% top off (Q1 of 2014)

 

- and 50% due at the closing (Q1 of 2015)

 

For your convenience, you'll find below a quick and easy access to the:

 

- Icon Bay Brochure

- Icon Bay Preliminary Floor Plans

- Icon Bay Lay-out.

- Reservation form

Looking forward to be of assistance!