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Edgewater
Aria on the Bay in Edgewater
A crane has been added to the Aria on the Bay site in Edgewater and construction has begun on the project.
The 53 story condo by Melo Group will have 647 residential units and is located next to Margaret Pace Park in Edgewater.
Photos of the low rise apartments previously on the site can be seen here.
Biscayne Beach is on the 31st floor of the 51 story tower with workers prepping for the 32nd floor. Windows are starting to be installed on the lower floors.
Construction photos of the site from a little over a year ago can be seen here.
On Saturday morning at exactly 9:00am, Electra on the Bay in Edgewater came down very quickly in an implosion. The implosion created a loud noise and the building was completely down in about 3 seconds. Dust and smoke filled the sky. All that remained was the pool deck, which can be taken down with bulldozers.
Read MoreElectra on the Bay in Edgewater
On October 24 at 7:30am demolition will begin to demolish the 12 story Electra on the Bay in Edgewater.
Demolition on the other homes and buildings on the block began in September and Electra on the Bay is the last building to be destroyed before construction on a new tower can start.
The land is owned by 700 Edgewater Development who is connected to Russian Oleg Baybakov. They have plans to build a 649 foot tower on the lot.
2500 Biscayne Boulevard in Edgewater
Construction has begun on 2500 Biscayne Boulevard in the Edgewater district. The site will be 20 stories and have 156 rental apartments, according to Curbed Miami.
Part of the construction will be the restoration of a Mediterranean Revival building built in 1923, which is being designed by architect Behar Font & Partners.
The lot was purchased in April 2014 for $10 million and is being developed by Alta Developers and Greystone Property Development.
Construction is expected to be completed by August 2016.
Block Owned By Miami Sunrise Properties in Red
Miami Sunrise Properties purchased two properties in Edgewater between NE 33rd and NE 34th St for $4 million, according to The Real Deal. This gives them the entire block except for one building at 440 NE 34th Street.
In September 2014, Jose Alfonso Assumpçao of Miami Sunrise Properties purchased The Wendy's on that lot at 3333 Biscayne Boulevard for $12.5 million.
In 2013 Assumpçao purchased land in West Brickell for $13 million and ended up flipping it in 2014 for $20 million. Construction on Broadstone Brickell is now rising on that land.
Demolition is happening in emerging Edgewater district of Miami on the block of NE 26th Street and NE 5th Avenue next to the water. The land is owned by Russian developer Oleg Baybakov who purchased a 58 unit apartment unit for $21.5 million last year. The 12 story apartment is located at 700 NE 26th Street and is in the process of being torn down as seen in the photo below. Baybakov has spent almost $39 million assembling property in this area.
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