Elysee Miami Reaches 2nd Floor As It Receives $138M Construction Loan

After going vertical at the end of June and have starting to have the crane installed, the 57 story Elysee Miami has now reached the second floor.

Developers Two Roads Development and DW Partners have secured a $138 million construction loan on the 648 foot tower in Edgewater.

Previous construction photos of Elysee can be viewed here.

3H Group Hotels Purchases Edgewater Site For $7M

3H Group Hotels has purchased a 20,240 square foot lot in Edgewater located at 3047 Biscayne Boulevard for $7 million, according to The Real Deal.

The site was approved by Miami's Urban Development Review Board for a 13 story hotel with 137 rooms.

After being announced in August 2015 and construction starting November 2017, the 57 story Elysee in Edgewater is now starting to go vertical.

At 648 feet, Elysee had its foundation pour June 15 and is now having a crane installed on the site and is going vertical.

Construction is expected to be complete 2020.

MRR Development has purchased a 1.42 acre Edgewater site located between NE 2nd Ave and NE 2nd Ct, according to The Real Deal.

The site allows for up to 1.9 million square feet for a building. Currently on the site is a Price Choice Supermarket and a Learning Nest Preschool.

The assemblage is located one block North of where Sapir Corporation purchased nearly a block of land for $33 million with plans to build a 60 story tower and a 40 story tower.

The 53 story Aria on the Bay is now completed and closings have begun on the building.

With 648 residential units, Aria on the Bay topped off in March 2017 and started going vertical November 2015.

Photos of Aria on the Bay at night can be viewed here.

Construction photos of Aria on the Bay since demolition of the previous buildings on the site can be viewed here.

The finishes touches are nearly complete at Aria on the Bay and residents will soon be able to move in before the end of the month.

Previously on the site, located at 1770 N Bayshore Drive was a six story apartment complex that was abandoned for awhile before demolition began September 2014.

The 53 story Aria on the Bay has 647 residential units with 40,000 square feet of retail. The building was developed by Melo Group, who also have the almost completed Square Station and the under construction Art Plaza. Aria on the Bay was designed by Arquitectonica.

Previous construction photos of Aria on the Bay can be viewed here.