Miami’s Largest Condo Sale: 2 Condos atop Ian Schrager’s Miami Beach EDITION Hotel Fetches $34M
One of United States’ prime real estate hotspots, the Miami Beach has been on a price record breaking spree, ever since the global meltdown after-effects began disappearing about a year or 2 back. Interestingly, Miami Beach is no longer simply a resort destination, but is fast becoming a bonified, world-class, international city with its vibrant art scene, first-rate architecture and cultural institutions attracting global citizens. As the world’s richest and renowned celebs including Bryan William ‘Birdman’, Donatella Versace, Beyonce Knowles and Shakira, to name a few, splashes out multi-million dollars tow own trophy properties in Miami Beach, and the latest news proves precisely that; 2 unfinished condominiums developed by noted boutique hotelier Ian Schrager who cemented his reputation with the legendary Studio 54 and designed by British architect John Pawson, went of the book for $34 million. The neighboring properties were bought by an anonymous buyer, which happen to be a part of the hybrid luxury hotel and condo unit named ‘The Edition’, and a majority part of these properties are yet to be developed fully. The one’s who have buck, seem to take to luxury properties, especially if the location happens to be Miami Beach coupled with the signature lifestyle flexibilities.
As for property expert William P.D. Pierce of Coldwell Banker Residential Real Estate, the buyers who typically end up purchasing properties like the ones on the Edition, actually own multiple such units. The reason why they end up spending the buck, is because of the lifestyle based services and flexibilities available here.
With the hotel co-joined with 26 one-of-a-kind residences from Ian Schrager in collaboration with John Pawson, the amenities available always top up with a premium lifestyle which the buyers want, including the Jean-George Vongerichten restaurant, a nightclub, a bowling alley and an ice skating rink in the case of the Edition properties.
Delving into some of the other amenities which this unnamed buyer will be enjoying after the completion of the construction, the scenic beauty and location will rank prime.
Spread of 16,271 sq ft of living space spread over 3 levels of construction, there will be panoramic views of the Miami Beach and the city in general. This unique placement puts the property with dual benefits of privacy and connectivity as per resident needs, all on the same plane.
Amenities include 8 bedrooms, 11 bathrooms, fireplace decked in the master suites, living rooms, 20-foot tall ceilings, private elevators, along with each property’s very own swimming pool, outdoor kitchen, and glass enclosed dining area.
If anyone wants to catch a glimpse of the Edition hotel and condo units, do check out the place in April this year, as the completion date is expected around the time.