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Inside Faena Residences Miami: The Luxury New Project Everyone’s Waiting For!
Faena, in collaboration with Fortune International Group and KAR PropertiesKAR Properties, is expanding its acclaimed brand to the heart of Miami with the creation of Faena District Miami River. Located at 90 Southwest 3rd Street, this multi-phase cultural district will take shape within the city’s only 14-acre private park along the Miami River. Anchored by Faena Residences Miami, this visionary development will reshape the area and add a new landmark to Miami’s skyline with its blend of culture, art, and luxury living.
Designed by the world-renowned Rafael Viñoly Architects, Faena Residences Miami is set to be an architectural landmark along the riverfront. As one of the last projects by the late Viñoly, it embodies his legacy of impactful design, adding to his iconic works across the globe. The development will feature 440 exclusive residences housed in two dramatic towers on a 1.8-acre site, bordered by Southwest 4th Street, South Miami Avenue, and the Miami River. These towers are linked by a two-story, 45,000-square-foot cultural center, symbolizing Faena’s commitment to excellence and innovation. Faena Residences Miami will become a defining feature in Miami’s ever-evolving skyline, with sales launching in Q4 of 2024.
“Building on the legacy we established in Miami Beach, our vision for this project is to create a community grounded in our core values—merging artistic expression, cultural depth, wellness, and forward-thinking design. This new Faena District on the river captures the essence of Faena in one of Miami’s most vibrant areas, introducing the city’s first fully resident-centered design focused on enhancing well-being and elevating happiness”
Alan Faena.
Faena Miami Price Ranges
- 1 bed starting at 1.2 mil ( 712-960 sqft)
- 1 bed+den starting at $1.9 mil
- 2 bed starting at $1.8 mil (1,250-1,585 sqft)
- 2 bed+ den starting at 3.2 mil (1,782 sqft)
- 3 bed starting at 3.4 mil (2,046-2,224sqft)
- 3+ den starting at 4 mil ( 2,196-2,820 sqft)
- 4 bed starting at 6 mil (3,171 sqft)
- River lofts starting at $2.1 mil
- Sky lofts and PH not released
Prices subject to change at any time
Faena deposit structure
- 5% reservation
- 5% 45 days after signing the contract
- 10% 120 days from signing contract
- 10% at groundbreaking
- 10% 12 months after groundbreaking
- 10% pouring of highest residential unit
- 50% at closing
- Prices subject to change at any time
Schedule Time with David Siddons (In Person or via Zoom)
Do you want to learn more about the Faena Residences in Miami or any other new construction condo? Please contact me today at 305.508.0899 or schedule a meeting via the application below.
FAQ
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
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