Tuesday, July 1, 2014

Paraiso BayViews – Fourth Tower of Massive Related Group Mega Project

As Paraiso Bay’s first two towers are about to break ground this summer in the Edgewater neighborhood, the project has grown to become one of the largest South Florida condominium projects.  And now, pre-construction sales have just opened up for units in the “fourth tower” called Paraiso BayViews.  Along with Paraiso Bay and One Paraiso, the entire mega-project continues to grow by leaps and bounds with the buildings surrounding Paraiso Bay Park.  Related has added to the park plans which will now include a beach club with a Michael Schwartz restaurant and boat slips for use by residents and their guests.    

Adding to the fact that Paraiso means paradise, Paraiso BayViews offers bay views that will truly make living here like living in paradise.  The Paraiso BayViews plans add a 44-story tower with 396 units to the “compound” which totals 1,362 units in the four towers.  Construction is tentatively slated to start in November with completion in 2017. 

Paraiso BayViews Location
The Edgewater neighborhood is undergoing a major overhaul and revitalization to take it from the sketchy neighborhood it used to be to an up and coming trendy section of Miami.  Situated directly on Biscayne Bay, this is a logical direction with the entire Paraiso Bay development looking like it will be the sort of hub of Edgewater with four condominium towers, a huge park and a beach club with restaurant and beach club yacht slips.  In addition to Paraiso, retailers, restaurants and other condominium projects are in the works to add to Edgewater. 

The location is ideal as it is very close to other popular Miami neighborhoods including Brickell, the Design District, and the Wynwood Arts District.  Additionally, it is a short drive from South Beach (just across the Tuttle Causeway) and major travel hubs like Miami International Airport and the Port of Miami.   

Brains Behind Paraiso BayViews
The brains behind Paraiso BayViews lie with the Related Group which is, once again, partnering with Arquitectonica and famed interior designer, Karim Rashid.  This team brought us myBrickell which, by the way, is sold out.  With the Related Group, anything is possible to the point that the company’s executives were able to swing the permanent closing 31st Street to accommodate the property and its enormous park. 

Amenities at Parasio BayViews
Amenities at Paraiso BayViews are still in the works but what we know so far makes it very attractive to live here.  Some that have been mentioned so far include a roof-top pool on the 44th floor, a fitness club with a 50-foot pool and private treatment pools and an exclusive membership to the Michael Schwartz beach club and restaurant. 

Just like the other condominiums at Paraiso, each unit will be decorator-ready and offer amazing Biscayne Bay as well as all the bells and whistles expected in Related Group projects.  As more details become available, we will provide updates.    

paraiso-bay-real-estateReal Estate at Paraiso BayViews
Pre-construction sales have just been announced for Paraiso BayViews.  The “fourth tower” plans to offer affordable luxury with one, two, and three-bedroom plans.  List prices will fall between the mid-$300s to over $800K.  With this in mind, for pre-construction sales, the tentative payment schedule is as follows:
  • 10% with Reservations
  • 20% at Contract
  • 20% 120 Days after Contract
  • 10% 120 Days from Last Deposit
  • 40% at Closing

Our Part of Paradise

Our part of paradise in Miami is destined to be at Paraiso Bay which includes Paraiso BayViews.  Like the other surrounding neighborhoods, Edgewater is on its way to becoming a top neighborhood in Miami with Paraiso Bay as one of the top condominiums.  

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