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Condo Hotel Center: Property
Alert
April 18, 2004
MIDTOWN
MIAMI
A Ground Floor Opportunity in Miami's To-Be-Built,
18-Block
"City Within a City"
 Hello,
it's Joel Greene again. Yes, this is the second
time you're hearing from me this week, but what I
have to tell you can't wait. The project I'm
going to describe is not even officially on the market
yet.
VIPs will get the opportunity to buy on May 7 and
May 8, 2004. However, I received an urgent phone
call this morning (Sunday, April 18, 2004) from a
trusted sales contact. He tipped me off that
over 70% of the units in this project are already
reserved, 12 having been reserved just last night
to one investor! I didn't want you to miss out,
hence this "urgent" Property Alert.
As I'm sure you know by now, we at Condo Hotel Center,
specialize primarily in condo hotel sales. Hence
our name. As a realtor with his ears to the
ground, I hear of many condominium projects that sound
interesting, but I do not pursue them, as I believe
that if they lack a rental program such as those in
condo hotels, then my buyers will not be interested.
This condominium project may be the exception.
For the investment-minded buyer, this is a very exciting
opportunity, not unlike an IPO.
Midtown Miami-It's Going
to Be Huge!
Midtown Miami will be a 56-acre "city within a city."
It will include an estimated 3,900 residential units,
600,000 sq. ft. of retail space and 100,000 sq. ft.
of office space. City sidewalks will take you
past shops, restaurants, residential buildings, a
first class hotel, town square, boutiques, newsstands,
parks and green spaces. Live/work zoning will
allow you to work on one floor, live on another!
Completion is planned for end of 2006.
An Amazing Location
This massive development will encompass
18 city blocks, the largest parcel of undeveloped
land in Miami. It will be nestled between the
Design District, the Wynwood Arts District and the
new Performing Arts Center anchored by the newly created
Midtown Boulevard - the main thoroughfare of the development
- and East Coast Avenue.
The location of this development will be 10 minutes
to Downtown Miami, 10 minutes to Miami Beach, 10 minutes
to The Port of Miami and the Miami International Airport
and less than two minutes away from the nearest exit
to I-95. In other words, the location is PRIME
in every sense of the word.
Phase I
Their first phase will break ground
September 2004 with three buildings:
Building #1 is an 11-story mid-rise building that
includes 62 units, VIP-priced at:
High $100's and up for studios
Mid $200's for the one bedrooms + den
Low $300's for the two bedroom
$600's for two bedrooms + den
Building #2 is a 29-story tower that includes 258
units VIP-priced at:
High $100's and up for studio and one bedrooms
High $200's and up for two bedrooms
Mid $500's for three bedrooms
High $700's to mid-$1 million for 2-4 bedroom penthouses
Building #3 is made up of 18 live/work zoning spaces
all being retained by the developer.
Your Opportunity to Get
In
On May 6th, there will be a VIP party
for the Midtown Miami salespeople, a very few select
brokers (of which I'm one), the developers, the developers'
friends and family and the media. In other words,
a small, hand-picked crowd all there by special invitation
only.
Technically, there will be no presales before the
party, but reservations are mounting extremely quickly
and as much as 70% of the units are already gone!
By May 7th and 8th, when reservations are converted
to contracts, they fully expect to be SOLD OUT of
all of the 338 units in the First Phase to VIP members.
If there are any units remaining which is unlikely,
they will go out to the public on May 16 at an increased
price.
What this means to you is that if you act now, you
have the opportunity to be one of the first to buy
units, getting the preferred views and floors and
getting the absolute lowest price available!
Have I got your attention yet?
Condo Features
All units will have generous private
terraces, 10-foot ceilings, floor to ceiling impact-resistant
glass windows; Italian kitchens with stainless steel
appliances, custom cabinetry, stone countertops; and
pre-wired for electric, cable, and high-speed internet
and more.
Building Amenities
Amenities include Porte cochere, 24-hour security,
rooftop pool overlooking Midtown Boulevard and Biscayne
Bay, state-of-the-art fitness center, Jacuzzi, sauna,
steamroom, meditation garden, high speed elevators,
covered parking, concierge, valet, private storage
facilities and ground-level retail.
Project Overview
When completed in roughly five years,
the actual construction cost for the entire project
is expected to be $641 million. The total value
will be $833 million. This project will create
thousands of new jobs and will breathe new life into
the neighborhood, acting as a catalyst for additional
real estate development in the area.
By virtue of its size and scope, Mid-town Miami will
become the focal point of the new Biscayne Corridor
and will boost already rapidly rising real estate
values in the area. As a matter of fact,
this property will be built in what is considered
"one of the hottest zip codes in the U.S."
In February 2004's "Biscayne Boulevard Times," staff
reporter Melanie Feliciano says: "Folks who have put
their money into the belief that the Biscayne Corridor
would be a great place to live and play should pat
themselves on the back. A recent review of raw
real estate data by CNN Money has declared that 33137
and 33138 were in the top eight zip codes in the United
States for gains in real estate appreciation for the
last five years. The report also expects the
double-digit gains to continue for some time to come."
If You Snooze, You'll
Lose
So there you have it. This is one of those rare
opportunities when "ground level" really means absolutely
"ground level." Those who reserve a unit here
NOW and buy with a 10% check during the VIP period
of May 7th and 8th will undoubtedly be getting in
on a winning project with fantastic upside potential.
Call Me ASAP if You're
Interested
Want more info? I can arrange
to have it overnighted to you, but in this case, that
may be too late. You need to call me or email
me IMMEDIATELY if you want to get in on this, and
I will put you directly in touch with my sales contact.
I will also be checking my e-mail frequently.
Want to see the actual site and the showroom?
I will make myself available to give you the grand
tour at your convenience, but your best bet is too
reserve a unit now and then worry about getting down
here before May 7. Remember, you always
have 15 days from contact signing to pull out without
penalty.
Now before I wrap this up, I have one new developer
special opportunity for you to consider, the result
of another Sunday morning urgent phone call.
(Doesn't anybody sleep in anymore???)
Special Developer Unit
Available--The Q Club Resort
At the Q Club Resort in Ft. Lauderdale, they have
a D studio on the 25th floor that has just been released
back to them. This is the last studio unit on the
25th floor!
It is on the south side, will overlook The W Hotel
and will have stunning views of the city as well as
the ocean. It's just east of the elevator bank, is
485 square feet. By the way, ceiling heights
on the 25th floor are 9' 8" and please bear in mind
that all future buildings on the strip will be restricted
to 200 feet in height, unless already permitted.
It is priced at just $390,000.
Now let me draw a comparison so that you will see
the inherent value here. There is an available studio
unit of 451 sq. ft. one block closer to the ocean,
located on the 19th floor. It is priced at $403,500.
Considering that they charge an additional $2,500
increase per floor, and it only has 9 foot ceilings,
this comparable model, which is actual smaller in
size, would be going for at least $418,500 if it were
on the 25th floor. I assure you this unit will
not be on the market long!
As always, if any of the properties I've mentioned
here or others that you've seen on our website www.condohotelcenter.com
have appeal, please let me know. I have data
sheets (size of units, price of units, maintenance
costs, etc.) that I can instantly e-mail you, and
I can have complete brochure packages sent FedEx if
you want more detailed information.
Joel
Greene, Broker-Associate
Condo Hotel Center
A division of Sheldon Greene & Assoc., Inc.
13499 Biscayne Blvd. Ste. 210
N. Miami, FL 33181
PH: 305-944-3090
FX: 305-948-0460
Info@CondoHotelCenter.com
www.CondoHotelCenter.com
www.CondoHotelsDubai.com
www.WorldClassCondoHotels.com
www.CondoHotelsBahamas.com
www.CentralAmericaSecondHomes.com
www.DominicanRepublicVacationHomes.com
Want to know more about me? Click below:
http://www.condohotelcenter.com/joel-greene.html
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