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New Midtown Miami Tower Set to Be Tallest in Area

Check Out The Newly Revealed Renderings of Lion Development and Terra's Midtown 3-d5b26e8bc580281487febf4281e72bfc29c42562

Looking to call the tallest tower in Midtown Miami home? Newly revealed renderings provide the first complete look at Midtown 1, a 48-story tower set to become the neighborhood’s tallest upon completion. Jointly developed by Miami heavyweights Terra and Lion Development Group, the 1.6-acre project will offer 400 residential units with interiors by Yabu Pushelberg.

Located at 3501 NE 1st Ave, the development was designed by Arquitectonica and acquired for $40 million in June 2023. With 596 feet of height and 498 parking spaces across 48 floors, Midtown 1 is primed to be a striking new addition to Miami’s skyline.

The tower is slated for review by the city’s Urban Development Review Board on May 15, so stay tuned for updates on this exciting new project.

New Midtown Miami Tower Set to Be Tallest in Area

A Joint Venture Between Leading Developers

The 48-story Midtown 1 tower is being developed through a partnership between Terra and Lion Development Group. Terra, led by David Martin, is known for luxury residential projects like Five Park, a 48-story tower in Miami Beach, and the two-tower Mr. C Residences Coconut Grove. Lion Development Group, headed by Michael Simkins, owns major properties across Miami and is redeveloping neighborhoods like Edgewater.

Striking, Sophisticated Design

Designed by renowned architecture firm Arquitectonica, Midtown 1 will stand 596 feet tall with 400 residential units and nearly 28,000 square feet of retail space.

The interiors are conceived by award-winning design firm Yabu Pushelberg, known for sophisticated, contemporary style. The tower will transform the Midtown skyline and usher in a new era of luxury living.

Unparalleled Amenities and Lifestyle

Residents of Midtown 1 will enjoy a wealth of world-class amenities. State-of-the-art wellness facilities, private lounges, lushly landscaped outdoor spaces, and other luxury features will provide an elevated living experience.

The tower’s prime location places the best of Midtown within walking distance, including shopping, dining, arts, and entertainment. Midtown 1 promises an unrivaled contemporary urban lifestyle in the heart of Miami.

Midtown 1 is scheduled for review by Miami’s Urban Development Review Board in May. The tower is poised to become an icon of Miami’s flourishing Midtown district. For buyers seeking a prestigious new address, Midtown 1 may be Miami’s most compelling opportunity.

Renderings Revealed for 48-Story Midtown 1 Tower

Check Out The Newly Revealed Renderings of Lion Development and Terra's Midtown 4-9d4af140460ce823e9eae5b6dd5dbebc525f4e42

New renderings depict Midtown 1, a 48-story mixed-use tower that, upon completion, will stand as the tallest building in Midtown Miami.

According to details provided by the development partnership between Terra and Lion Development Group, the Arquitectonica-designed skyscraper will rise 596 feet and feature 400 residential units as well as 27,658 square feet of retail space.

Luxury Living and Amenities

Midtown 1 will offer one- to four-bedroom units ranging from 727 to over 3,200 square feet. Yabu Pushelberg, an award-winning interior design firm, has been selected to design the tower’s high-end unit interiors and amenity spaces. Residents will have access to a resort-style pool deck, state-of-the-art fitness center, children’s playroom, and a sky lounge.

Anchoring Midtown Miami’s Growth

At 48 stories, Midtown 1 will become the centerpiece of the emerging Midtown Miami neighborhood. The area has attracted significant investment in recent years, with several new residential and commercial projects announced.

Midtown 1 will help to further establish the neighborhood as a hub for culture, dining, entertainment, and business in Miami. The development team expects to break ground on the $262 million project in June 2023.

Pre-sales of the luxury condominium units are anticipated to launch in early 2023. Midtown 1 demonstrates the continued strong demand for well-designed, amenity-rich housing in Miami’s most dynamic neighborhoods. Upon completion in late 2025, the tower is poised to become an iconic addition to the city’s skyline.

Midtown 1 to Become Tallest Tower in Midtown Miami

Midtown 1 will become the tallest tower in the Midtown Miami neighborhood at 48 stories and 596 feet high. The project is a joint venture between Miami developers Terra and Lion Development Group.

Terra has developed luxury residential properties across South Florida, including Five Park, a 48-story tower in Miami Beach, and the Mr. C Residences Coconut Grove.

Lion Development Group is led by Michael Simkins, a visionary behind the E11EVEN brand and one of the largest property owners in Miami.

The tower will contain 400 residential units and nearly 28,000 square feet of retail space. The units will feature interiors designed by the international firm Yabu Pushelberg. The 1.6-acre property was purchased for $40 million in June 2023.

The project’s design is by the architecture firm Arquitectonica. Their portfolio includes many high-rise developments in Miami and other cities.

The project will go before Miami’s Urban Development Review Board for approval on May 15. If approved, Midtown 1 will become the tallest tower in the neighborhood.

The Midtown Miami area has seen substantial growth and revitalization in recent years. New residential and commercial developments have brought more residents and businesses to the area.

Midtown 1 will likely appeal to buyers interested in new luxury condominiums in a trendy, mixed-use neighborhood. Its height and contemporary architecture will make it an iconic addition to the Miami skyline.

For developers Terra and Lion Development Group, Midtown 1 represents a prestigious, high-profile project that will raise their profiles in Miami’s competitive real estate market.

Joint Venture Between Terra and Lion Development

Check Out The Newly Revealed Renderings of Lion Development and Terra's Midtown 2-91233b85b0a4ac4f40eb5daa5cdfee45b12c20d4

A partnership between two of Miami’s preeminent real estate developers, Terra and Lion Development Group, will bring Midtown Miami its tallest tower yet.

Terra, led by visionary David Martin, is behind luxury residential developments across South Florida, including Five Park and Mr. C Residences Coconut Grove. Lion Development Group is headed by Michael Simkins, one of the key figures in transforming neighborhoods like Wynwood and Edgewater.

Together, Terra and Lion Development will develop the 48-story Midtown 1 on a 1.6-acre property purchased for $40 million. ###Designed by Arquitectonica, the 596-foot tower will feature 400 luxury residences as well as 27,658 square feet of retail space and 498 parking spaces.

Interiors will be crafted by the internationally renowned design firm Yabu Pushelberg. The project is scheduled for review by Miami’s Urban Development Review Board this month.

Midtown 1 represents the ambition and vision that have come to define Miami’s real estate market. As the tallest tower in the burgeoning Midtown neighborhood, it will offer residents panoramic views of the city and Biscayne Bay.

The high-end amenities and design details in keeping with Terra and Lion Development’s reputations for quality are sure to attract discerning buyers seeking a prestigious Miami address.

For buyers interested in luxury Miami real estate, Midtown 1 may be an unparalleled opportunity. HL Real Estate Group, a top luxury brokerage in Miami, expects strong interest in the tower and encourages prospective buyers to get pre-approved and register their interest as soon as possible.

As two of the most prominent names in Miami development collaborate on their first joint project, Midtown 1 is poised to become an iconic addition to the city skyline.

Tower Details and Amenities

The 48-story Midtown 1 tower will feature 400 upscale residential units with modern interiors designed by the renowned Yabu Pushelberg firm.

Residents will enjoy a curated set of world-class amenities spread over multiple floors, including an elegant lobby with a 24-hour concierge, a residents’ lounge, private cabanas and daybeds around the pool deck, state-of-the-art fitness center with Peloton bikes and Technogym equipment as well as a yoga and spin studio.

Unparalleled Views

Standing at 596 feet, the Arquitectonica-designed Midtown 1 will offer unobstructed views of the Biscayne Bay, Downtown Miami skyline and Atlantic Ocean from the higher floors.

Floor-to-ceiling windows in each residence will provide abundant natural light and showcase the striking vistas. The tower’s location at the intersection of NE 1st Avenue and 34th Street places it at the nexus of Miami’s most vibrant neighborhoods, including Wynwood, Edgewater, and Downtown.

Premium Finishes

Residences will feature premium finishes and fixtures including Italian cabinetry, stone countertops and backsplashes, high-end Wolf and Sub-Zero appliances and automated home technology systems.

Spacious layouts with 10-foot ceilings will further enhance the luxurious feel. HL Real Estate Group will exclusively handle sales of Midtown 1’s condominium residences.

The Midtown 1 tower represents the pinnacle of contemporary, urbane living in Miami with its array of world-class amenities, striking architecture, premium finishes and a coveted location at the center of the city’s cultural and social scenes.

HL Real Estate Group invites prospective buyers to learn more about this landmark development redefining luxury in Midtown Miami.

Terra’s Portfolio of Luxury Developments

Check Out The Newly Revealed Renderings of Lion Development and Terra's Midtown 5-640e1427d92263b78ef4bbe493cac5d627abbcd7

Five Park

One of Terra’s premier luxury residential developments is Five Park, a 48-story tower located at the entrance to Miami Beach.

The tower features expansive views of both the Atlantic Ocean and Biscayne Bay through floor-to-ceiling windows in each residence. Five Park provides residents a resort-style experience with amenities such as a beach club, spa, cinema, and wine vault.

Mr. C Residences Coconut Grove

Slated for completion in late 2020, Mr. C Residences Coconut Grove is a two-tower residential project in Miami’s historic Coconut Grove neighborhood.

Developed in partnership with the Cipriani family, the Mr. C brand is synonymous with luxury and European elegance. The towers offer one-to-four bedroom residences with interiors designed by Meyer Davis Studio. Residents have access to amenities including a rooftop pool, tennis court, gym, and Italian restaurant.

The Well

Currently in development, The Well is a wellness-focused mixed-use project located in Miami’s Bay Harbor Islands. The development will feature 54 luxury residences and 80,000 square feet of Class A office space centered around health and wellness.

Residences will include smart home automation, spa-inspired bathrooms, and balconies. Office tenants will have access to amenities such as fitness centers, juice bars, and outdoor yoga space. Upon completion, The Well aims to be the first WELL-certified mixed-use project in Miami.

Through pioneering luxury developments poised to reshape neighborhoods across South Florida, Terra has established itself as an innovative leader in Miami’s real estate market.

By partnering with globally recognized brands and prioritizing wellness, design, and hospitality, Terra creates residential and mixed-use properties that usher in a new standard of living.

Lion Development Group Led by Michael Simkins

As the visionary behind Lion Development Group, Michael Simkins is leading the charge in redeveloping South Florida’s neighborhoods.

Currently Developing Luxury Properties

Simkins is currently developing several luxury residential projects, including E11EVEN Hotel & Residences, E11EVEN Residences Beyond, and West Eleventh Residences. These high-end developments aim to transform the area and attract affluent residents and visitors.

Track Record of Success

With a proven track record of success, Simkins has established himself as one of the largest property owners in Miami. His E11EVEN brand has become an iconic part of the city’s culture and skyline.

By identifying undervalued properties and reimagining them as coveted destinations, Simkins has demonstrated a keen eye for development opportunities in South Florida.

Partnership with Terra

For the Midtown 1 tower, Simkins has partnered with leading developer Terra, which has built a reputation for luxury condominium and mixed-use projects across South Florida.

The collaboration between these two prestigious developers signifies the level of quality and prestige envisioned for Midtown 1. With Terra overseeing construction and Simkins providing his development expertise, the 48-story Midtown 1 tower is set to become an architectural landmark and the tallest tower in the neighborhood.

Through his work with Lion Development Group and partnerships with other top developers like Terra, Michael Simkins is playing an instrumental role in transforming Miami’s cityscape and skyline with his signature style of luxury properties.

The Midtown 1 tower is poised to take its place among the preeminent addresses in South Florida under Simkins’ leadership.

Miami Real Estate: Frequently Asked Questions

Check Out The Newly Revealed Renderings of Lion Development and Terra's Midtown-098065c9c2d5a93ddb795a09c09945371c0bd8ce

As you explore your options in Miami’s booming real estate market, several common questions may arise regarding the buying process. Here we will address some of the most frequently asked questions from prospective buyers.

What are the costs involved in purchasing a new condo in Miami? In addition to the selling price of the unit, buyers can expect to pay additional fees such as a real estate transfer tax, mortgage fees, and homeowners association (HOA) dues.

The real estate transfer tax in Miami-Dade County is 0.6% of the total purchase price. Mortgage fees include application fees, appraisal fees, and origination fees which typically total 2-5% of the mortgage amount. HOA dues cover building amenities and maintenance, and average $500-$1000 per month for new luxury high-rises.

What is the typical timeline for a new condo project in Miami? From announcement to completion, a major condominium development in Miami typically takes 3 to 5 years.

The planning and permitting phase can take 12-24 months. Once construction begins, larger towers usually take between 24 to 36 months to complete. Buyers will often reserve units up to 2-3 years before the scheduled completion date.

How can I stay up to date on the newest Miami condo developments? The best way to stay informed on new luxury condo projects in Miami is to follow leading real estate developers and brokers, such as Terra, Lion Development Group, and Berkshire Hathaway HomeServices, on social media and through their newsletters.

Major real estate news outlets like The Real Deal and Ocean Drive also regularly report on new high-profile developments. By closely following industry news sources, you can gain valuable insights and stay ahead of new project announcements and pre-construction opportunities.

Conclusion

As the tallest tower in Midtown Miami, Midtown 1 promises to become an iconic addition to the city’s booming skyline. With renowned developers like Terra and Lion Development Group collaborating, discerning buyers can expect luxurious, thoughtfully designed residences.

The project’s prime location and striking architecture ensure it will be a landmark development. While still in the planning stages, Midtown 1 is positioned to raise the bar for high-end living in one of Miami’s most exciting neighborhoods. This joint venture between two highly successful firms may produce their crowning achievement yet.

Ready to call the tallest tower in Midtown Miami home? Discover the luxury and sophistication of Midtown 1. Contact us at Contact Page or call us at (800) 257-5661 to learn more!

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