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New luxury condo 57 Ocean in Miami Beach nears 50% in pre-sales

01.23.2020 – 57ocean

January 15, 2020

The rendition above shows the latest condo tower gracing a waterfront slice of Mid-Beach.
What’s the trendy real estate neighborhood drawing millionaires? Mid-Beach.
The 18-story luxury condominium tower 57 Ocean at 5757 Collins Ave. is close to selling half of its 71 units since sales started in October 2018. According to Nirka Burns Padilla, a broker with Fortune International Group and director of sales for 57 Ocean, 30 units have been sold thus far. The $100 million project is expected to be completed by September 2021.
The building is expected to reach 50% of inventory sold, or 35 units, by February, said Marcelo Kingston, the building’s developer and managing partner of Multiplan Real Estate Asset Management.
“This project is bringing back Mid-Beach,” Kingston said.
Units range from $1.5 million up to $35 million, for the penthouse. The average residence has between two to four bedrooms and range in size from 1,245 to 3,600 square feet.
The recently listed penthouse spans 7,100 square feet and the outdoor space — a wrap-around, 360-degree terrace with a sauna, two plunge pools, a lap pool, gourmet kitchen, fire pit and putting green — covers 7,000 square feet, Burns Padilla said. Two private
elevators leads to the home’s five bedrooms, den, six bathrooms and a powder room. Indoor amenities include a private gym, home office and art gallery.
“The ideal buyer,” Burns Padilla said, “is someone who wants everything Miami Beach has to offer but away from the tourists and the traffic.”
Multiplan Real Estate Asset Management hired Arquitectonica to design the building and interior architect Patricia Anastassiadis to design the amenities, including the spa, library and children’s area.

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ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, REFERENCE SHOULD BE MADE TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.

This offering is made only by the Prospectus for the Condominium and no statement should be relied upon if not made in the Prospectus. This is not intended to be an offer to sell nor a solicitation of offers to buy in any jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency.

THE INFORMATION PROVIDED, INCLUDING PRICING, IS SOLELY FOR INFORMATIONAL PURPOSES, AND IS SUBJECT TO CHANGE WITHOUT NOTICE.

WE ARE PLEDGED TO THE LETTER AND SPIRIT OF THE U.S. POLICY FOR ACHIEVEMENT OF EQUAL HOUSING OPPORTUNITY THROUGHOUT THE NATION. WE ENCOURAGE AND SUPPORT AN AFFIRMATIVE ADVERTISING AND MARKETING PROGRAM IN WHICH THERE ARE NO BARRIERS TO OBTAINING HOUSING BECAUSE OF RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILIAL STATUS OR NATIONAL ORIGIN. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY

Multiplan Real Estate Asset Management (“Multiplan REAM”) is not the project Developer. This Condominium is being developed by Miami Beach Associates LLC, a Florida limited liability company, which has a limited right to use the trademarked names and logos of Multiplan REAM. Any and all statements, disclosures and/or representations shall be deemed made by the Developer and not by Multiplan REAM and you agree to look solely to Developer (and not to Multiplan REAM and/or any of its affiliates) with respect to any and all matters relating to the marketing and/or development of the Condominium and with respect to the sales of units in the Condominium. Additionally, Multiplan Empreendimentos Imobiliarios (“Multiplan Brazil”) is not related to, or an affiliate of, Multiplan REAM or the Developer. Any and all statements, disclosures and/or representations shall be deemed made by the Developer and not by Multiplan Brazil and you agree to look solely to Developer (and not to Multiplan Brazil and/or any of its affiliates) with respect to any and all matters relating to the marketing and/or development of the Condominium and with respect to the sales of units in the Condominium.

NOTHING CONTAINED HEREIN IS INTENDED OR SHALL BE DEEMED TO BE AN OFFER TO SELL REAL ESTATE OR REAL ESTATE SECURITIES TO RESIDENTS OF THE STATE OF NEW YORK. IN FURTHERANCE OF THE FOREGOING, MIAMI BEACH ASSOCIATES LLC, A FLORIDA LIMITED LIABILITY COMPANY (“SPONSOR” OR “DEVELOPER”), HEREBY DISCLOSES THE FOLLOWING: (A) NEITHER SPONSOR, NOR ITS PRINCIPAL(S) TAKING PART IN THE PUBLIC OFFERING OR SALE ARE INCORPORATED IN, LOCATED IN, OR RESIDENT IN THE STATE OF NEW YORK, (B) THE OFFERING IS NEITHER MADE IN THE STATE OF NEW YORK NOR MADE TO THE RESIDENTS OF THE STATE OF NEW YORK, (C) THE OFFERING IS NOT DIRECTED TO ANY PERSON OR ENTITY IN THE STATE OF NEW YORK BY, OR ON BEHALF OF, SPONSOR OR ANYONE ACTING WITH SPONSOR’S KNOWLEDGE; AND (D) NO OFFERING OR PURCHASE OR SALE OF THE SECURITY OR ANY UNIT SHALL TAKE PLACE AS A RESULT OF THIS OFFERING IN NEW YORK OR WITH A RESIDENT OF THE STATE OF NEW YORK, UNTIL ALL REGISTRATION AND FILING REQUIREMENTS UNDER THE MARTIN ACT AND THE NEW YORK ATTORNEY GENERAL’S REGULATIONS ARE COMPLIED WITH; A WRITTEN EXEMPTION IS OBTAINED PURSUANT TO AN APPLICATION IS GRANTED PURSUANT TO AND IN ACCORDANCE WITH COOPERATIVE POLICY STATEMENTS #1 OR #7; OR A “NO-ACTION” REQUEST IS GRANTED.

FOR NY RESIDENTS ONLY, SEE CPS-12 OFFERING PLAN FOR ADDITIONAL TERMS. FILE NO. CP18-0139.