Published by Peter Zalewski
1/5/2024 
6:29:10 PM Project Description:
Legacy Hotel & Residences places you right in the center of everything, and gives you an unrivaled living experience in Miami. Legacy boasts 241 top of the line hotel rooms, topped by 287 luxury residences making it at once a preeminent hotel and residential living destination in the heart of Miami. This unique tower includes restaurants, luxury shopping destinations, entertainment venues, a health and performance center, and a convention center – creating a truly one of a kind residential experience. Adding to the glitz is a stunning rooftop atrium and event space that makes Legacy Hotel and Residences a stunning standout in the Miami real estate market.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Legacy Hotel & Residences |
| ADDRESS | 851 NE 1st Avenue Miami, FL 33132 |
| SUBMARKET | Greater Downtown Miami |
| COUNTY | Miami-Dade |
| WATERFRONT PROJECT | No |
| TYPE OF WATERFRONT? | |
| NUMBER OF TOWERS | 1 |
| TOTAL FLOORS (BY ELEVATOR) | 51 |
| TOTAL RESIDENTIAL UNITS | 160 |
| BED RANGE | Studios, 1 & 2 Bedrooms |
| RANGE OF SQUARE FEET | 389 TO 900 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | $ 582,000 |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | TBD |
| TURNKEY READY | Yes |
| PROPERTY AMENITIES |
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| WATER VIEWS | yes |
| PETS PERMITTED | TBD |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | 365 |
| TOTAL ONSITE PARKING SPACES | |
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| UNIT FINANCING AVAILABLE | |
| RECOMMENDED LENDERS | |
| PROJECT STATUS | Under Construction |
| PRESALES UNDERWAY? | |
| RATIO OF PRESALES | |
| SCHEDULED CONSTRUCTION START | |
| SCHEDULED COMPLETION DATE | 2024 |
| COMPLETION DATE | |
| DEVELOPER | Sixth Street Miami Partners LLC |
| COUNTRY OF DEVELOPER | United States |
| DEVELOPER FEE % | |
| ARCHITECT | Arquitectonica |
| ARCHITECTURAL FIRM | |
| GENERAL CONTRACTOR | |
| DATE OF GROUNDBREAKING PARTY | |
| NOTICE OF COMMENCEMENT FILED | |
| DATE CRANE ERECTED | |
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| DATE OF SECONDARY LOAN | |
| CONDO PROJECT WEBSITE | |
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| MINIMUM PRICE PER DOOR | |
| MINIMUM PRICE PER SQUARE FOOT | |
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
For a free consultation, please contact the South Florida Condo Experts
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