Published by Peter Zalewski
1/5/2024 
5:19:49 PM Project Description:
A collection of 54 residences and the first development in Coral Gables allowing short-term rentals. Every residence comes complete with tasteful finishes and expertly selected furnishings and decor from Adriana Hoyos Design Studio. After redefining tropical luxury for nearly three decades, the team will now make their mark on the best address in Coral Gables.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | The Avenue Coral Gables |
| ADDRESS | 351 San Lorenzo Avenue, Coral Gables FL 33146 |
| SUBMARKET | Coral Gables |
| COUNTY | Miami-Dade |
| WATERFRONT PROJECT | No |
| TYPE OF WATERFRONT? | |
| NUMBER OF TOWERS | 1 |
| TOTAL FLOORS (BY ELEVATOR) | 11 |
| TOTAL RESIDENTIAL UNITS | 54 |
| BED RANGE | 1 TO 2 |
| RANGE OF SQUARE FEET | 598 TO 981 |
| 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 | $ 720,000 |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | TBA |
| TURNKEY READY | Yes |
| PROPERTY AMENITIES |
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| WATER VIEWS | |
| PETS PERMITTED | Yes |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | 12 |
| 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 | Roger Development Group |
| COUNTRY OF DEVELOPER | United States |
| DEVELOPER FEE % | |
| ARCHITECT | |
| ARCHITECTURAL FIRM | Bermello Ajamil & Partners |
| 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 | |
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| BUYSIDE COMMISSION % | |
| PRICING SURVEY DATE | |
| MINIMUM PRICE PER DOOR | |
| MINIMUM PRICE PER SQUARE FOOT | |
| SALES RATION | |
| COMMISSION % | |
| INCENTIVES | |
Condo Market Inventory Tracker
A Snapshot Of Downtown West Palm Beach And The Island
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 344 | 8.2 |
| Luxury Condos | 153 | 9.6 |
| Shortsales | 0 | NA |
| REOs | 0 | NA |
| Rentals | 365 | 5.2 |
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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