Miami Beach 1 Hotel & Homes, a property that is meeting many luxury buyer’s demands in this tight inventory market. Oceanfront property is always in demand in Miami Beach. New construction that is also oceanfront, is a rare find in our city and also in high demand. Of course you can buy in an older building and remodel the unit but it still never has that overall “new feeling” that you find in new construction that flows throughout the entire structure of the building.
Do this rarity many of the new construction luxury oceanfront buildings have already sold out. Luckily, if that’s what you are in the market for, 1 Hotel & Homes still has inventory and may have just the property for you.
But don’t wait too long, inventory is very limited there too! Last week we had the pleasure of a special tour at 1 Hotel & Homes.
If you are familiar with Miami Beach 1 Hotel & Homes may seem like a building that has been there forever and it has, with one good exception. It had a different name and now is being completely gutted and remodeled. It was previously home to the Gansevoort Hotel and a luxury rental community. A few years ago it was sold for $200 million. The new owners Richard Lefrak and Barry Sternlicht (visionaries behind W Hotels and the St. Regis) decided to finally take over and do it right.
And right they are doing it! The hotel was closed, the full time tenants moved out and a full on renovation was scheduled and on its way.
This time the construction seemed different, it looked like they took the entire property down to the walls and did a complete gut job and in fact, we were told that’s exactly what they did. We watched as they blew out walls, balconies and replaced all of the glass throughout the building. Up to this point, in my opinion all the previous renovations were never done all the way through to correctly to take full advantage of the space property. This time it feels different. Overall the entire complex is coming along really nicely and looks great! We were told that the most important part of the renovation included changing out the air condition system, elevators, concrete restoration, windows and balconies.
This is no small task.
1 Hotel & Homes is an eco-friendly building located at 2399 Collins Avenue and is scheduled to be completed late fall this year. This is one of the best locations in Miami Beach and is in the same neighborhood as the W Hotel and Setai. It is an oceanfront property with one of the largest beach fronts, 600 linear feet on the sand.
Miami Beach 1 Hotel & Homes Eco Friendly & a Top Chef!
The building itself is planned to have some great features. One of the main highlights is the focus on water and energy conservation, so the building becomes an eco-friendly building and LEED certified. When touring the building the overall design of the building also has this same natural feeling in tone and ambiance.
Top Chef judge Tom Colicchio has a partnership with Hotel 1 & Homes and will be opening a Farm-to-Table restaurant.
The lobby and the entrance areas are beautifully and tastefully designed. The design of the lobby carries through the building and into the units.
The property will feature 156 private residences with a combination of 1,2 and 3 bedrooms and these units will be located on the 9th-16th floors.
According to the developer’s team, 65% of the inventory is already sold. In my opinion it’s selling quickly because the building is newer construction, the oceanfront location and the pricing. The prices start around $1500 per square foot and this is not bad for an oceanfront building.
What I also like these about these units is the fact they are spacious. For instance the one bedroom units are closer to 1000 square feet. In most of Miami Beach the one bedrooms are on average of 750 square feet and feel very small.
Also some units are being sold completely furnished (designed by Brazilian interior designer and architect Debora Aguiar) with every detail done so perfectly that the new buyer can just walk in and live in the unit.
Two bedrooms start around $2.7 million, these units come with partial ocean views.
Direct ocean units are a little higher in price point. (Due to demand the number of units and selling prices can change.)
Miami Beach 1 Hotel & Homes
Also the amenities are going to be completely renovated including three swimming pools that feature some of the best Atlantic Ocean views in the city plus a rooftop pool and restaurant bar.
According to the developer sales information, here are some highlights of building features, residence features, services and amenities.
Hotel 1 & Homes Building Features:
• Prime beachfront location in the heart of South Beach, steps from Miami’s best restaurants, cultural centers and retail boutiques
• Located atop 1 Hotel & Homes South Beach, offering Owners spectacular amenities, as well as a complete array of branded hotel services
• The largest oceanfront property in South Beach with over six hundred linear feet of pristine beachfront bordering the Atlantic Ocean
• Three swimming pools, including the largest Atlantic Ocean view pool in South Beach
• Rooftop pool and restaurant bar with panoramic views of the ocean and Miami city skyline
• Signature farm-to-table restaurant in partnership with Tom Colichio, the world-renowned chef
• Extensively landscaped outdoor spaces
• Thoughtfully designed green building improvements focused on water and energy conservation that will enable the building to become LEED certified
Hotel 1 & Homes Residence Features:
• Dedicated residence-only private lobby designed by acclaimed Brazilian designer Debora Aguiar
• Large private balconies featuring spectacular views of the Atlantic Ocean and the Miami city skyline
• Natural and reclaimed materials used in the private lobby and throughout the common areas of 1 Hotel & Homes South Beach
• New floor-to-ceiling sliding glass doors and energy efficient casement windows
• Custom kitchens designed by Debora Aguiar and manufactured in Italy by Italkraft. White quartz kitchen counters and Yakarta Blanco porcelain backsplash sit atop white, deep-grained wood veneer lower cabinets with seamless white glass upper cabinets
• Kitchen appliances by Sub Zero and Bosch
• Travertine walls and floors with Emperador marble accent in bathrooms
• White lacquered oak vanities with travertine counters and ample under-counter storage
• Waterworks LEED compliant bathroom fixtures • Bosch stacked washing machine and dryer
Hotel 1 & Homes Services and Amenities:
• 24-hour concierge and bellman services
• 24-hour valet parking
• 24-hour security
• 24-hour 7 day-a-week service line for general support and assistance
• 24-hour telephone switchboard system for screening calls, wake-up calls, taking and delivering messages
• Newspapers and packages delivered to your door
• Priority status for hotel room reservations at special resident rates
• Room upgrades based on availability
• Residential VIP signing privileges and direct billing services at the signature restaurant, lounge, pools, spa and other entertainment facilities on property
• Owner privileges at 1 Hotels in other locations
• Check cashing privileges, currency conversion and exchange services
• 24 hour in-home dining featuring signature menus, catering and private chef services
• Full-service fitness center and spa
• In-residence massage, spa and fitness services, including personal training
• Priority access to all hotel facilities and amenities
• Access to hotel meeting rooms and business center
• Furnished private pool deck cabanas
• Personal shopping and delivery services including groceries, dry cleaning and pharmacies
• Pre-arrival kitchen and pantry stocking
• Housekeeping services
• Linen service
• Turn down service
• Bathroom amenity services
• Maintenance services including painting and repairs
• Catering services and event planning for private meetings, events or functions
• Technical support services for computers, entertainment centers and telecommunication equipment
• In-home botanical service *Certain services listed above will be provided a la cart
If you are a penthouse buyer you may be in this could be the building for you!
For buyers interested in penthouse level units there will be some nice options very soon. We were told that in a couple of months the developer will be releasing penthouse units. This will be some of the best of the best and the prices should be a really great for Miami Beach penthouse units. These will go fast (call us on these units to reserve them asap).
More details about the 1 Hotel & Homes Penthouse units.
• Spectacular oceanfront duplexes with expansive terraces
• Penthouse B (16th floor) units have 12’ high ceilings
• Penthouse A (17th floor) units have full height window wall
• Stone and teak islands with wine cooler, built-in shelving and integrated seating
• Custom designed Italkraft kitchens with built-in units including a stacked oven, drawer microwave and coffee maker
• Water filtration system in each individual kitchen
• Locally sourced limestone floors and counters with teak accented vanities in bathrooms
In conclusion I think 1 Hotel & Homes is a great value for anyone who is interested in purchasing a new construction, oceanfront property on Miami Beach.
I always say we are not on the same pricing levels as NY or London but the way the market is going and the fact that the elite wealth of the world wants to be in Miami and Miami Beach, my prediction is that buyers in this building will do great, especially when all of the developer units are sold. What happens next? Prices reset. Just recently a unit in the Setai (a nearby luxury oceanfront building) sold at $4,760 per square foot.
If you are thinking about buying a condo in 1 Hotel & Homes or any other great buying opportunities, we can help you!
Call us for the remaining inventory list available! We specialize in luxury Miami Beach condos like Hotel1 & Homesi Miami Beach and other luxury real estate in Miami and Miami Beach. The compilation of listing and market data information is provided by our local MLS system Miami Association of REALTOR ®s, developers and other closed tax data provided by use from our local MLS resources. All information provided is deemed reliable but is not guaranteed and should be independently verified. I am human and errors can occur, if you note something off, let me know so I can check into it. It’s important to know that since this is new inventory, pricing can change, inventory can be sold out, amenities can be changed. Please always verify the details with your agents.
Copyright © By Jamey & Ognjen Prezzi 2014 * Photos are from the developer’s sales package. All Rights Reserved*1Hotel & Homes More Than Half Sold, Don’t Miss This Rare Opportunity To Buy New & Oceanfront!
The post Miami Beach 1 Hotel & Homes More Than Half Sold, Don’t Miss This Rare Opportunity To Buy New & Oceanfront! appeared first on Miami Beach Real Estate Agents Jamey Prezzi Ognjen Prezzi.