The Faena District in Miami Beach – A Breakdown of this master project
The Faena District – A Massive Masterplanned Arts , Entertainment and Residential Development
Mid Miami Beach was long known as an area with faded hotels and condos, a rather boring area compared to sparkling South Beach. Hotelier and real estate developer Alan Faena (Faena Hotel in Buenos Aires and developer of Buenos Aires’ trendy Puerto Madero) saw potential in this superb part of Miami Beach which sits on one of the most beautiful beaches this city has to offer. Together with his business partner, the New York-based Len Blavatnik, Mr Faena is transforming the area into the Faena district, a 4-block project that comprises the 169-room hotel, the Faena Hotel, the 50-room Casa Claridge’s (Now rebranded into Casa Faena), three condominium buildings, a cultural center and a retail complex.
The Faena district, which received official designation as a Miami Beach district in late 2014, is a 10-minute walk north of South Beach and the centerpiece of Mid-Beach’s emerging status as a hot destination. The development stretches four blocks along Mid-Beach from 32nd to 36th street, between the Atlantic Ocean to Indian Creek.
The Faena Hotel Miami Beach opened last November and occupies the former Saxony Hotel, a mainstay in the 1950s and ’60s for Hollywood icons such as Frank Sinatra. The Faena district’s other components surround the hotel; Casa Claridge’s and the condo Faena House are open, while the others are still to debut. Faena Bazaar, a retail complex designed by Rem Koolhaas, is scheduled to open this fall, the other two residential buildings will come next year; and Faena Forum (faena.com/faena-forum) is expected to open this fall. This circular-shaped 43,000-square-foot cultural center, also designed by Mr. Koolhaas, has exhibition halls and two event spaces and will host performances and art exhibitions from global names.
The Residences at the FAENA District
The Faena District offers three ultra luxurious residential towers. Besides these three condo tower, the Faena Hotel also offers 13 units on the top 2 floors that they are now selling and condo-hotel units.
All of the three condo projects are equally luxurious and unique at the same time. The hotel and Faena Versailles Classic have a classic style that is reminiscent of Miami in the 1940’s, while Faena House has a contemporary feel to it. Faena Mar will be of equal quality of Faena House, but with a different unit mix, and unique aesthetic.
Faena House was the first condo to finish
and offers 68 contemporary units with 1 – 5 bedrooms
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Faena Mar, formerly known as Contemporary Versailles.
Faena Mar consists of 41 units from 1-5 bedrooms.
Versailles Classic offers 22 custom designed 1 – 4 bedroom residences.
The tower is expected to start selling by mid-end 2016.
Interesting Links and Miami Beach Real Estate News
The Miami Beach Real Estate Page
Miami Beach Real Estate Market Reports
Miami Beach Real Estate News
Top 10 deals in Miami Beach
Miami Beach Condos for sale (resale)
Miami Beach Pre-construction condos for sale
