With Downtown Miami thriving as a 24-7 residential neighborhood and buyers from around the world recognizing the value of living in the center of Miamiâ€™s urban core, construction has begun on the first condominium to break ground in the Cityâ€™s Central Business District since the 2008 economicÂ downturn.Â CentroÂ â€“ a 352-unit loft-style condo tower set to rise at 151 SE 1stÂ Street â€“ is located in the heart of Downtown Miami, which has come to life in recent years as a bustlingÂ metropolis filled with young professionals, world-class cultural arts and entertainment offerings, high-end shops, restaurants, and luxury hotels.
Newgard Development Group, the projectâ€™s developer, and The Tilia Family of Companies, commemorated the occasion with an official groundbreaking ceremony held the morning of Thursday, December 19, 2013,Â at site of the future 37-story mixed-use tower.
â€œAs the first project to break ground this cycle in the heart of Downtown Miami, Centro is revolutionizing the future of urban living in Miami,â€ said Centro developerHarvey Hernandez, managing partner of Newgard Development Group.
Underscoring Downtown Miamiâ€™s emergence as a pedestrian-friendly district with an array of transit links and alternative modes of transportation, Centro is Miamiâ€™s first residential building to have a fleet of on-site Smart Cars through a partnership with theÂ Car2GoÂ vehicle sharing program. Also, a variety of efficient and cost-effective transportation options are within walking distance of the development, including the Miami Trolley, Metromover and Metrorail, which provides access throughout Miami-Dade with frequent direct service to and from Miami International Airport.
A perfect complement to Centroâ€™s urban location and hip, edgy appeal, Newgard has selected designerÂ Yves BÃ©har, founder of San Francisco-based design agencyÂ fuseproject, to create the projectâ€™s interior design concept. As the mastermind behind forward-thinking consumer product designs that are famous for changing the way people live, BÃ©harâ€™s vision for Centro combines visually-striking, sustainable designs with a modern, efficient, integrated lifestyle. Some of his most notable design projects includeÂ Jawboneâ€™s JAMBOX Bluetooth speaker; the SodaStream Source home soda maker; the LEAF light and other furniture projects for Herman Miller; and footwear brand PUMAâ€™s Clever Little Bag.
â€œThe innovative design, cutting edge features, and prime location of Centro has enabled our sales team to get the attention of buyers both locally and abroad,â€ said Cervera Real Estate Managing Partner Alicia Cervera Lamadrid. â€œAs the tower moves full steam ahead to vertical construction, we still have premium units available for buyers seeking an urban lifestyle in the heart of Miamiâ€™s vibrant downtown neighborhood.â€
Building amenities will include a two-story penthouse recreation area featuring a rooftop pool with 360 degree views; health club and spa facilities; and residentâ€™s Skylounge. Additional perks include full-service valet parking; exclusive outdoor pet area with access controlled entry/exit; 24-hour reception desk; multiple fully-wired shared workspaces; and ground-floor anchor restaurant and retail space.
Designed by Miami-based architecture firm Sieger Suarez Architectural Partnership and constructed by Tutor-Perini Building Corp., Centroâ€™s loft-style residences will include one- and two-bedroom units with open-concept floor plans; dramatic 10-foot ceilings; floor-to-ceiling windows with energy-efficient, sound-reducing glass; and balconies with views of the city lights. Contemporary interiors will feature finished concrete floors; oversized closets; modern Italian kitchens, bathroom and light fixtures; Italian cabinetry; and stainless-steel, energy-smart appliances.
Multiple attractions within close proximity from the building include the AmericanAirlines Arena; the Adrienne Arsht Center for the Performing Arts; and Museum Parkâ€™s newly-completed Perez Art Museum Miami and the Patricia and Phillip Frost Museum of Science, which is slated for completion in 2015. Just blocks away, construction has begun on a 37,000-square-foot Whole Foods Market and entertainment block that will include upscale theater Silverspot Cinema.
Preconstruction prices start in the low $200,000s and top out in the mid-$400,000s. For more information, please contact Cervera Real Estate at 305-938-5321.
Pictures by: Marisa Matluck