Missoni Baia - When Beautiful meets Exceptional

For our visitors buyers, let's explain that East Edgewater is a most desirable location right on Biscayne Bay, close to Downtown Miami, and the Design District.

In the last couple of years, several projects were launched in the area of Wynwood/Edgewater where sales have progressed more than satisfactorily. 

The attraction of new shopping, dining, and entertainment environment, favorable to walking traffic, bar and restaurant hopping, is still a work in progress but Edgewater has undoubtedly become the new pole of attraction in Miami.

When I heard about MISSONI BAIA coming to Florida. I knew that it would be something very different.  And it is. 

Examining the project and its details, one can immediately realize that it will be an example of architecture, a marvel of innovative design, a standard for residential hi-tech features, and mainly a work of beauty.

Asymptote Architecture world-wide recognized Hani Rashid, together with Revuelta, and the developers: OKO Group, led by one of the first-line European development firms, will team up to start construction in 2017. Missoni Baia is scheduled to complete in 2019.

The sleek MISSONI BAIA tower, fronting 200 ft. of pristine Biscayne Bay waters, will only have 146 residences on 56 floors, and 200 feet on bay frontage. 

Architects emphasize the minimalist concepts and use of natural light. A glass curtain-wall on the North and South façades. And expect to be surprised by the very innovative and almost transparent balconies.

I am fascinated by the incredible array of amenities, laid out on many floors. This will surely be one of the main magnets to buyers who can't get enough of luxurious interior features in magnificent apartments and homes. 

This will undoubtedly will be an important factor in a sophisticaded buyers' decision. It is the joy of life as only social interaction and human relations can provide.

So, let's spell them out:

• Missoni Baia Olympic-size pool.  
• Missoni Baia grandiose Spa which will surely be one of the most acclaimed in Florida.
• Missonia Baia Gardens, by Enzo Enea.
•  Missoni Baia imposing 27' high Lobby
• Missoni Baia Lobby-level bayside lounge
• Missoni Baia Event Catering Pantry
• Missoni Baia outdoor bayside terrace
• Missoni Baia access to Baywalk along the bay
• Missoni Baia Indoors Sky Bridge connection to parking garage
• Missoni Baia Screening Room
• Missoni Baia Hair/nail salon
• Missoni Baia Kid's club
• Missoni Baia Pets Salon
• Missoni Baia Outdoor bridge between 5th floor amenities and the pool deck
• Missoni Baia pool lounge, and pool day-beds
• Missoni Baia kids water-splash-pad, and play lawn.
  Missoni Baia outdoor whirlpool Spa
• Missoni Baia men and ladies' private locker rooms
• Missoni Baia elevated Basket-Ball and Tennis courts. 

And even more... (on the 5th floor)

• Missoni Baia wrap-around deck with multiple chaise lounge seating areas
• Missoni Baia Indoor Bay-Terrace lounge with double ceiling-height 
• Missoni Baia private game room with billiards, video screen, bars, lounge seating.
• Missoni Baia Pantry serving game and dining rooms.

And then on the 6th floor.

• Missoni Baia 1700 Sq. Ft gym with wide views on bay waters; lmen's and ladies' locker rooms.
• Missoni Baia Yoga Studio
• Missoni Baia Private training room
• Missoni Baia magnificentspa with men’s and women’s sauna and steam rooms, and private massage treatment rooms.

 

Price Range:

Residence type A  - 3660 Sq. ft. - starting a   $2,800,000

Residence type B  - 2400 Sq. ft. - starting at  $1,700,000

Residence type C  - 4400 Sq. ft. - starting at  $4,000,000

I won't get you exhausted with the same list about residences features.

I will just mention that each apartment will enjoy direct bay views and boast 10 ft. deep balconies and other a bit smaller ones facing the city.

Two, three, and four bedroom units area available. 

Two parking spaces per residence.

Floor to ceilings windows, superb marble floors, and, of course, the kitchens and bathrooms will be a showcase of the best names in appliances, shower-heads, tubs, wine coolers, Italian cabinets, Gaggenau, etc. 

 

We'll show you it all to you at the sales office!

For more information reservations, and appointments,

please call:

Henry B. Nathan

(954) 296-6741

(800) 416-2747

Email: hbnathan@gmail.com

Visit my websites: 

www.miami-new-construction.com

 

www.condo-southflorida.com

 

The MISSONI BAIA

Good News for for Condo buyers

This is what I can call good news!

I have hardly made a single sale that wasn't hard cash since 2007. 

My business is in large part about condos of all kinds and values. 

But a fact that is not usually known by the public is that getting financing for an average condo is more complicated than for a single family home.

A typical middle class FHA financed condo in Dade or Broward County should be limited to an approximate $250,000 to $270,000 value. Fannie Mae and Freddie Mac allow higher limits. 

However FHA has established very strict rules to govern its loans to condominium type properties. Among the requirements: a high percentage of owner-occupied units and a low percentage of investor-owned units; strict insurance requisites; rigorous re-certification steps to be taken periodically by the building associations; reserves requirements, etc. 

It often proved to be an overwhelming task to many condominium associations which simply found it too bothersome or costly. 

In reality, condominium management was never at the root of the big real estate crisis and the mortgage catastrophe was mainly the result of bankers, lenders and "financiers" greed and ruthlessness. But condominiums suffered much of its consequences; The eyes and vigilance of HUD and FHA were (as an example) transfixed on the fact that many of these condominiums did not have sufficient reserves to confront an unusual amount of failures. This was true but it was also true that reserves are not built up to tackle recessions and debacles of this magnitude, especially when they are caused by external macro-economics out of condo associations control.

This official policy has been a drawback on home affordability. 
I am a realtor and I daily observe it in my job.  

The bureaucratic fury against the least important factor in mortgage loans risk assessment had been -ironically- killing much of  Federal government's incentives to revive the "American Dream of Home Ownership".  

The following, let's hope, could be the beginning of a step in the right direction.

HUD eases FHA condo financing rules

Federal Housing Administration (FHA) Principal Deputy Assistant Secretary Ed Golding announced changes to FHA condominium policies last night at the National Association of Realtors® (NAR) convention in San Diego.

Effective immediately, FHA will streamline the condominium re-certification process and expand its definition of acceptable "owner-occupied" units to include second homes not owned by investors. The provisions expire in one year "until the agency can implement a more comprehensive condominium rule change."

The change should qualify more condo complexes for FHA loans. That, in turn, will give more buyers access to FHA low-down payment mortgages.

The new rule:

•  Modifies the requirements for condominium project re-certification,
• Revises the calculation of FHA's required owner-occupancy percentage,
• Expands eligible condominium project insurance coverages 

Florida homebuyers, perhaps more than any other state, will benefit from FHA's new rule.

"This is going to be an amazing stimulus to the housing market for the first-time homeowner and entry-level housing buyer," says Frank Kowalski, president of Florida Realtors in 2005 and an insurance agent. "It's a catalyst for change and long overdue. 

Thousands of contracts could not use FHA financing, and buyers were forced to come up with 25 – even 30 percent down payments."

Kowalski says FHA's rule change should help more than just first-time buyers, however. Condo financing problems also frustrated the move-up market – condo owners who want to make the move to single-family housing.

"It's difficult to sell an existing unit if you can't find a qualified buyer," Kowalski says. "A lot of people are frozen in place: Those in (a condo unit) can't get out; those out can't get in."

According to Golding, the just-announced FHA changes are in line with ones requested by NAR, which has been an advocate for reform. NAR cited problems with a lengthy and complex recertification process, burdensome owner-occupancy requirements, and the limits on acceptable property insurance.

One major benefit for Florida condo owners: the property insurance rule change. FHA will now accept Citizens Property Insurance coverage – the Florida-owned company and largest condo insurer in the state. In addition, FHA changed the way it will view co-insurance clauses, which exist with most Florida condos.

That change alone will help up to 85 percent of Florida's condo associations, according  to Danielle Blake, the Miami Association of Realtors' government affairs director and a long-time advocate for FHA change.

According to Golding, insurance and recertification changes will take place immediately. Policy changes related to owner occupancy, commercial space percentage, FHA concentration and spot approvals would be addressed through formal rulemaking in the near future.

"Condos are often the most affordable option for homebuyers, especially first-time buyers, and making sure FHA financing is an option is important to supporting homeownership," says 2015 NAR President Chris Polychron.

This information was read in FloridaRealtors.org  on Nov. 13, 2015

 

HENRY B. NATHAN

 is a Realtor at

UNITED REALTY GROUP INC.

call me at:

 (954) 296-6741

or Email me at:  hbnathan@gmail.com

New Pre-Construction in the Miami Arts District - CANVAS

Canvas - Miami Pre-Construction

 

 

 

36 Floors

513 Residences

Surprisingly reasonable pricing

Completion: 1st Quarter 2017

 

At the Miami Arts & Entertainment District

 

Residences in sizes from 620 to over 1,110 Sq. Ft. of indoor space, plus terraces.

All residences feature floor-to-ceiling 9 foot glass, water views and Miami city views.

European kitchens and bathrooms and unparalleled building amenities.

CANVAS Preconstruction Miami -  Location

 

Arts & Entertainment District
From this enviable location, Canvas residents can enjoy immediate
access to the neighboring Adrienne Arsht Center for the Performing Arts, Arts & Science Museums and Miami World Resort for shopping and entertainment along with a myriad of dining options and boutiques. Within just 10 minutes one can be enjoying the pristine beaches of Miami, Brickell’s financial district. Design District, Wynwood and Midtown. Miami International Airport, Coconut Grove, Coral Gables.

Team

 

NR Investments, a real estate investment and management firm was founded in 2001.
NR has acquired over 5,000 residential units, approximately 5 million square feet of office space, and extensive construction experience in Perú. NR investments’ strategy has a clear focus on industry and financial fundamentals. NR is building the Filling Station Lofts a 81 unit residential building one block away from the Max Miami site.

In order to create a unique project NR Investments has partnered with some of the best professionals in the construction and design arena,
CFE Architects, a top architectural firm with vast experience in high-rises. A strong and experienced team of engineers.

 

CANVAS Pre-venta  Miami  -  Amenities

• Experiential pool, accented with benches and lush garden A lounge area overlooks the racquetball court
• Recreation spaces designed for tranquility Bocce court
• Dog walking area
• State-of-the-art gym 
• Modern game room
• Outdoor lounge 
• BBQ enclave 
• Racquetball

CANVAS Pre construction Miami -  Building Features

Soaring 36 stories above Miami and boasting dramatic ocean and city views, Canvas’ mostly glass facade is witness to the radically evolving landscape immediately north of downtown Miami.
With its modern design and dramatic scale, Canvas is meant to be the hallmark of the newly emerging Arts and Entertainment District.

Canvas' 513-units, available on 27 floors are built to inspire and designed to live. Intelligent architecture is one thing, but design that inspires you is something else entirely. The common spaces of Canvas will help you experience your home, your city and your creativity in a whole new way.

Experiential pools, a racquetball court, a bocce court, a modern game room and a state- of-the-art gym are among many amenities that bring the Canvas experience to life.

Canvas is an inspiring series of artist-crafted spaces. It is an environment designed to inspire, to be part the creative narrative of your days and nights.

Canvas’s amenities aren’t just add-ons, they’re essentials to the Canvas lifestyle. Every detail has been thoughtfully designed to bring your world home—and energize a thriving new neighborhood.

CANVAS Preconstruction Miami  -  Residences Features

 

 

5 unit types. Countless views. Infinite possibilities. With an exhilarating mixture of form, function, art and science, Canvas redefines condo living.

Choose from 2- or 1-bedroom corner units or studios, all built to let you experience a design-driven life of artful experience. Each unit provides an ideal starting point for your own vision of Miami life.

CANVAS Preconstruction Miami - Deposit Structure

10% At Reservation
10% At Contract (October 2014)
15% At Groundbreaking
15% At Top Off
Completion on last quarter of 2016 to Beginning of 2017

CANVAS Preconstruction Miami  -  Price Range

 

Studio  -  620 SF | 57.59 m2 | $236,400 to $389,500

A1 1Bedroom/ 1Bathroom -  800 SF | 74.32 m2 | $300,600 to $447,200

A2 1Bedroom + Den / 1.5Bathroom 910 SF | 84.54 m2 | $341,500 to $517,200

B1 & B2 2Bedroom / 2Bathroom  -  940-1110 SF | 84.54 - 103.1 m2 | $397,400 to $627,200

Avg. Price $390/Sq Ft

Prices are subject to change without notice

 

For more information or reservation, please call directly

Henry B. Nathan

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning

CANVAS   -   PRE CONSTRUCTION CONDOS IN MIAMI

 Visit my website: www.condo-southflorida.com

New Pre Construction Project in Miami - Ion East Edgewater

Developers launch 330-unit condo project in Miami’s Edgewater

 

ION East Edgewater

 

A team of developers has announced the 330-unit ION East Edgewater condominium project in Miami.

The 330-unit ION East Edgewater condominium in Miami will rise 36 stories.

SAKOR Development and Encore Housing Opportunity Fund are building the 36-story tower at 2701 Biscayne Boulevard. Pre-construction prices start in the low $300,000s. The units will be one to three bedrooms, plus six two-story town homes.

ION East Edgewater is slated to break ground in the fourth quarter and be completed in late 2016. It was designed by Arquitectonica and Hirsch Bedner Associates.

SAKOR Development is headed by Barbara Salk and Stephen Kornfeld.

The project will include a 75-foot heated lap pool, a Jacuzzi, a pool-side cinema, private cabanas, an outdoor kitchen, a hammock garden, a fire pit, a bocce court and a fitness center. There will be a separate 20,000-square-foot building on Biscayne Boulevard with restaurant and retail space.

Henry B. Nathan

 (800) 416-2747   (954) 296-6741

Email me: hbnathan@gmail.com

mentioning

ION EAST EDGEWATER -  PRE CONSTRUCTION CONDOS IN BAY HARBOR ISLANDS

ONE PARAISO - PRE-CONSTRUCTION - We got the Floor Plans

 

ONE PARAISO - FLOOR PLANS

I finally got the Floor Plans of ONE PARAISO