5th av.
at edgewater

Edgewater, Miami

The project is currently designed for up to 180 luxury condo-hotel residences across approximately 95,000 net sellable air-conditioned square feet (“NSF”), up to tow (2) commercial units across 8,000 net rentable square feet (“NRF”) of commercial, and over 100 parking spaces. The Project is planned to rise to 331 SQFT across 23 floors. Sponsor is currently under negotiations with a Hotel Management operator and a Brand to strengthen the offering to improve sales velocity and price per SQFT.

PRODUCT SUMMARY

Developer: UNCG

Architect: Kobi Karp

Total Equity: $12.5M

Total Units: 180 Condo Hotel

(Studio, Jr. Suite, 1-Bedroom, 1-Bedroom + Den, 2-Bedroom)

Lot Area (Acres): 0.44

Gross Area (SQFT): 171,595

Commercial: 8,000 SQFT

Sellout: $139M

Average per SQFT: $1,350 (Condo Hotel)

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