Preconstruction
Real Estate News
Edgewater
by , November 01, 2022
If you’ve noticed an uptick in construction and new developments around Edgewater, you’re not alone. It’s quickly becoming Miami’s fastest growing residential neighborhood for those seeking luxury waterfront living.
Among the many new developments in the area, earlier this year, plans were announced for a new residential tower named The Edge, but the details were very limited. Now we have a vision of what this new tower will look like.
Located at 490 NE 29th Street, on a small waterfront lot, plans for The Edge were submitted to Miami’s Urban Development Review Board for review on October 19.
The 37-story project is proposed to rise 465 feet, and will include 96 residential units with 2- and 3-bedroom floor plans, as well as a 4-bedroom penthouse.
The Edge will be a design collaboration between local architects Dieguez Friedman Arquitectos & Asociados and Kobi Karp, and the project is being developed by Edgewater Owner, LLC, a joint venture between SB Development and the Hazelton Capital Group.
There will be three levels of amenities, including a state-of-the-art fitness center, and a commercial retail space spanning 5,373 square feet on the ground floor/mezzanine. An enclosed podium parking garage, screened with aluminum louvers, will provide 135 parking spaces.
The construction of The Edge will also include the completion of an as-yet-unfinished area of the Miami City Baywalk that provides a continuous bay-front walking path and direct waterfront access for pedestrians all the way to the Miami River.
As Edgewater develops into Miami’s premiere luxury high-rise destination, new developments keep cropping up in this growing residential development that basks in the breezes of Biscayne Bay. Recent additions to the neighborhood include the exclusive, waterfront EDITION Residences and the short-term rental investment opportunity Vida Residences.
Not surprisingly, as market demand for luxury condos intensifies, more and more developers are choosing Edgewater as the ideal destination for new residential projects.
The reasons are many: Edgewater runs along the shores of Biscayne Bay and is centered around the beautiful Margaret Pace Park, an 8-acre park and marina that is also one of Miami’s foremost urban greenspaces.
Its proximity to areas such as the arts districts in Downtown Miami, Wynwood, and the Design District, with quick access to the beaches, nightlife, and shopping opportunities of South Beach, make Edgewater a highly desirable place to live and raise a family.
If you’re interested in Edgewater as a place to live or invest in property, we will be very happy to help you get your bearings, as Edgewater is definitely one of our favorite Miami neighborhoods and one that we are very proud to call home!
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