Published by Peter Zalewski
1/5/2024 
5:41:12 PM Project Description:
Gale Miami is a one-of-a-kind hybrid hospitality residential experience. A response to the growing need for short-term rental Residences in Downtown Miami, Gale features traditional hotel rooms as well as hotel residences, where guests and residents alike will be immersed in the boutique hotel brands’ signature locally inspired style and all- encompassing “live, stay, work and play” mentality.
All residences are featuring panoramic Biscayne Bay and the Miami skyline views, with Modern and fantastic amenities and common areas. Gale’s location is unparalleled for Airbnb: the epicenter of Downtown Miami means always having the best of the city nearby, including the Miami World Center, which has the incredible 7th street promenade, and offers an array of shopping, dining, commercial, and green open spaces.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Gale Miami Hotel and Residences |
| ADDRESS | 159 NE 6 Street, 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, 1 plus Den & 2 Bedrooms |
| RANGE OF SQUARE FEET | 389 TO 910 |
| 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 | Bay From High Floors |
| PETS PERMITTED | TBD |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | 365 |
| TOTAL ONSITE PARKING SPACES | |
| FIRST DEPOSIT % | |
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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 |
| YEAR COMPLETED | |
| DEVELOPER |
Sixth Street Miami Partners LLC
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| COUNTRY OF DEVELOPER | United States |
| DEVELOPER FEE % | |
| ARCHITECT | Arquitectonica |
| ARCHITECTURAL FIRM | |
| GENERAL CONTRACTOR | |
| DATE OF GROUNDBREAKING PARTY | |
| NOTICE OF COMMENCEMENT FILED | |
| DATE CRANE ERECTED | |
| DATE OF CONDO DECLARATION FILING | |
| DATE OF CONDO LAUNCH PARTY | |
| DATE OF TOPPING OFF | |
| DATE OF FIRST RECORDED TRANSACTION | |
| LEAD LENDER | |
| LEAD LOAN AMOUNT | |
| DATE OF LEAD LOAN | |
| SECONDARY LENDER | |
| SECONDARY LOAN AMOUNT | |
| DATE OF SECONDARY LOAN | |
| CONDO PROJECT WEBSITE | |
| INHOUSE SALES BROKERAGE | |
| INHOUSE SALES REPRESENTATIVE | |
| INHOUSE SALES REP TELEPHONE | |
| INHOUSE SALES REP EMAIL ADDRESS | |
| INHOUSE SALES BROKERAGE ADDRESS | |
| BUYSIDE COMMISSION % | |
| PRICING SURVEY DATE | |
| MINIMUM PRICE PER DOOR | |
| MINIMUM PRICE PER SQUARE FOOT | |
| SALES RATION | |
| COMMISSION % | |
| INCENTIVES | |
Miami Condo Inventory Report
This is a snapshot of the tricounty South Florida region Of Miami-Dade, Broward And Palm Beach.
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| South Florida | 25,314 | 11.4 |
| Miami-Dade County | 10,322 | 12.5 |
| Broward County | 9,049 | 11.5 |
| Palm Beach County | 6,083 | 10.1 |
Peter Zalewski is a former financial journalist, condo consultant, expert witness, licensed Florida real estate broker and the founder of the Miami Condo Investing Club™ (MiamiCondo.Club).
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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