Today’s blog is about Society Residences Miami the last project on the market that you can close this year but not only that, will also allow you to do short-term rental. You don’t need to wait until 2024, or 2025. You can start generating money just in time for the high season in Miami this 2022.
Society Residences counts with Greybrook Partners and PMG as the developer with over 150 projects nationwide, which is the same as the developer of Waldorf Astoria, Sieger Suarez Architects, and Cotofana Designs for interior architecture & design.
Positioned right in front of Bayside and FTX Arena, in Miami’s most magnetic place, Downtown Miami. Society Residences will offer a vibrant community fueled by culture, glamour, and wellness for you to enjoy an effortless cosmopolitan lifestyle with convenient access to everything.
For you to have an idea and why this project is important, there are over $10B in investment over the next 5 years in Downtown Miami between new developments, hotels, commercial, and areas of redevelopment.
Society Residences will be a 49-story tower with 646 luxury residences that will launch between August and September of 2022. Originally, this building was going to be residential only. However, the developer decided to change some things about it after all the demand we have been getting. The construction started 2 years ago and that’s the reason why this project is almost done and will be ready to close and move in by August-September of this year.
On the ground level, we are going to find Café Domino and co-working spaces on levels 2 and 3. Then on floors from 10-13 some commercial spaces, the gym, pool, deck, yoga, skybar, and from floor 14 and up the residences. Since the building is located on Biscayne Blvd, it will have views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean. Definitely, stunning views.
As far as the amenities, Society Residences will have:
Fully-furnished studios, 1, 2, and 3-bedroom residences
I must add that Society Residences Miami would be the only existing inventory in Miami with a short-term rental program professionally managed by a five-star operator. The building would allow daily rentals with no restrictions and will charge just 10% of property management. That fee is something that you won’t find in Miami at all. Of course, your expenses are going to be considerably cheaper compared to other new projects.
If you ask me for a project to invest in, this will definitely be one on my list. Why? Let’s just refresh:
There is no other project right now in Miami that will be delivered this year with all that I just mentioned. No other.
I need to mention that they are in reservation mode right now. This project was released just 2 weeks ago and have already over 30% of the building already reserved. Reservation means that you lock the price and the view and you can cancel at any time with no penalty. People are looking for this type of product. They are not lasting and even more when will be delivered when the high season in Miami starts.
So you can reserve now with just 10%. To get more information and to schedule a private in-person or Zoom meeting if you are out of state. Keep in mind, don’t wait and don’t think too long because you can have the possibility of canceling at any time.
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