Ross’s Comments – What you Need to Know about One Miami
One Miami consists of two identical towers, One Miami East and One Miami West.
Typical Miami high rise design from the mid-2000’s with one single corridor, 4 elevator banks, 12 units per floor and small recessed balconies.
Although both are waterfront buildings, the east tower enjoys a superior position and bigger views of the ocean, bay and surrounding islands.
What the building lacks in design, management and parking, it makes up for with its great location, walkability of the surrounding area, low maintenance fees and some amazing bay views.
With two popular local restaurants as commercial tenants, the parking and valet area can be an issue at certain times of the day, not to mention the expense for valet or overnight parking.
BUILDING QUALITY
MANAGEMENT
LOCATION
RENT FRIENDLY
ACCESSIBILITY
FINANCING
DESIGN & EFFICIENCY
AMENITIES
WALKABILITY
PET FRIENDLY
PARKING
SECURITY
RECENT PRICE/SQ FT $387
RECENT PRICE/M² $4,166 SEE PRICE HISTORY
MAINTENANCE COST/SQ FT < $0.75
2 BEDROOM PRICE RANGE (2014-2015) $365,000 – $485,000
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UNIT SIZES 507 – 1,792 sq. ft (47 – 167 m²)
UNIT TYPES Studio, 1 ,2 and 3 bedrooms
# OF UNITS 820 – 2 towers
# OF FLOORS 45
# OF PARKING LEVELS 10
ARCHITECT Arquitectonica
DEVELOPER The Related Group
PET POLICY 2 pets per unit up to 50 lbs each, other restrictions apply.
24-Hour Concierge, Valet and Security
Recreational and lap pools
Dramatically designed lobby by the internationally award winning firms of Arquitectonica of Miami and Yabu Pushelberg of New York and Toronto
Bay front cafe
Multifunction rooms
State-of-the-art fitness facility
Fully equipped business center
DOWNTOWN MIAMI
After more than a decade of unprecedented public and private investment, downtown Miami has clearly turned a corner from what was once a strictly nine-to-five district into a 24/7 livable city. Since 2002, real estate projects with a value of close to $18 billion have been developed in downtown Miami, creating a strong base of commercial and residential development and serving as a magnet for new businesses and residents.
Downtown Miami is an urban residential neighborhood, and the central business district of the city of Miami and Miami-Dade County. Downtown is the historic, cultural, financial, and commercial center of South Florida, tracing its history back to the 19th century. With recent mass construction of high-rise residential buildings, several hotels and office towers, downtown continues to experience significant growth, with new shops, bars, parks, and restaurants opening up, attracting many new residents. According to the Miami Downtown Development Authority, Downtown Miami’s population has doubled over the past ten years and now has over 74,000 residents with a median household income of $70,800.
Downtown Miami is also the home of the vibrant Adrienne Arsht Center for the Performing Arts, American Airlines Arena, Perez Art Museum Miami, and Frost Museum of Science. The Perez Art Museum Miami is the new anchor of the 29-acre Museum Park overlooking Biscayne Bay and includes public gardens and sculpture installations. This vital downtown park is central to efforts to strengthen greater Miami’s momentum as an emerging global capital. A vibrant mix of green space and cultural offerings, in addition to the landmark new art facilities the park will also be the future home of the Frost Museum of Science.
In addition to the development and growth of the area in general, a massive $1.5 billion mixed use development dubbed “a city within a city”, the Miami World Center, is about to break ground. The mixed use development will consist of a massive 1 million SF shopping mall, 1,800-room Marriott Marquis Hotel, a 600,000 SF convention center, and three high rise towers with over 1,200 residential units.
