MIAMI | Paraiso Bay Development | 601 + 550 + 550 + 499 FT | 53 + 55 + 55 + 44 FLOORS

Current floors and heights of all the towers in the development:

Paraiso Bay Tower I | 550 ft | 55 FLOORS
Paraiso Bay Tower II | 550 ft | 55 FLOORS
ONE Paraiso | 601.34 ft | 53 FLOORS
Paraiso Bayviews | 499.23 ft | 44 FLOORS

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Paraiso Bay – Formerly Element – Gets Green Light

Paraiso Bay, the recently renamed twin 55-story tower project formerly known as Element, has been given the go ahead from a Miami review board. Developer Related Group is moving to begin sales and marketing.

The City of Miami Urban Design Review Board last week recommended that Planning and Zoning director Francisco Garcia approve the project. The board requested that Related work with city staff to develop residential liner units in order to give the project a residential feeling from the street. The Board also asked for the western facade to be articulated to mitigate the impact to the abutting neighborhood.

While projects of this size generally do not require approval from the full City Commission, Related will need consent from the commission to close 31st street. Related Chairman Jorge Perez, who had commissioners eating out of his hand at a recent meeting, has apparently given the go ahead to begin sales and marketing for the project, anticipating an easy approval.

August 1 2014
QuantumX

New renderings of one of the towers in the complex: " Paraiso Bayviews "

The tower being 499.23 FT. Also, there is the possibility of two more towers. Right now, they are in the process of being developed/planned. The complex entials six towers, but until that happens, the title reflects the current project. If it changes, I will be sure to update it.

Renderings:

Credit: The Related Group

Extra Resources:

  1. Here is a pdf with the current floorplans: http://www.scribd.com/doc/236722069/pbfp
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Construction will begin on the second tower of the complex very soon. Sales have exceeded 85 %.

Groundbreaking occurred yesterday for One Paraiso:


Credit: http://www.paraisobay-miami.com/wp-content/uploads/2013/07/One-Paraiso-Building.jpg

http://luxlifemiamiblog.com/wp-content/uploads/2013/06/The-map-2.jpg
Credit: http://luxlifemiamiblog.com/on-the-intersection-of-funky-and-trendy-real-estate-in-miamis-edgewater-is-booming/

30% Of Units At Hyde Midtown, Paraiso Bayviews Converted To Contract; Construction Within Months

Related Group is in the process of converting reservations to contracts at two projects, which will allow for construction to begin soon.

Both Hyde Midtown and Paraiso Bayviews have close to 30% of units converted to contracts since the effort began 30 days ago. Those numbers were achieved even as Art Basel and the holiday season interrupted the process.

Related Group’s Carlos Rosso told TNM that rising land and construction costs could mean that these are some of the last chances to buy at entry level pricing. Units start from $300,000, or the low $400s per square foot.

Arquitectonica is the architect for both projects.

Construction on both projects is estimated to begin in the late second or early third quarter.

Construction Activity (Feb 23, 2015):

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Credit: http://www.goldenduskphotography.com/blog/2016/3/3/paraiso-construction-updates


Credit: https://twitter.com/jimfried

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Credit: https://miamitalksrealestate.com/paraiso-bay/

Just a reminder of the master plan.

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Credit: https://twitter.com/oneparaiso

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Another huge project for Related. Taken yesterday

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The boom is very impressive.

I must ask, but how did you like Miami from a construction and urban standpoint? Did it surprise you in terms of how much the city is changing?

https://scontent.fewr1-1.fna.fbcdn.net/v/t1.0-9/16807570_1833435456870888_3561750420521579545_n.jpg?oh=e513eeb7532f70ad560b5edc261e6614&oe=592D1909
Credit: Related Group

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Pic set showing all of the components in this multi tower project.


Credit: NXT

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Paraiso Bay – summer 2017
Bay Homes – summer 2017
One Paraiso – end of 2017
Paraiso Bayviews – end of 2017
Gran Paraiso – top off soon, opening spring 2018


Credit: NXT

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There are some caliente broads on this project.

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