Miami’s Arts & Entertainment District is just one of the many areas in the city seeing a considerable amount of development activity, along with other areas and neighborhoods like Edgewater. Developer NR Investments is spearheading the development of the upcoming Canvas condo, a 37-story building featuring 513 units.
Prices for the units at Canvas range from the mid-$300,000 to $600,000 and is designed to be “affordable luxury” appealing to buyers within the 30 to 45 sub market. The smallest units have 610 square feet of living area while larger ones boast just over 1,100 feet. Some of the amenities include a fitness center, a racquetball court enclosed in glass, a business center, a sauna treatment room and spa, plus a playroom for children and computer lab. There is also a restaurant by Kevin Aoki, who happens to be the son Rocky Aoki, the founder of popular restaurant chain Benihana.
Upon completion, Canvas will be located at 1630 Northeast First Avenue. The project is over halfway sold. NR Investments has previously made its mark in Miami, responsible for the creation of the 81-unit Filling Station Lofts located on North Miami Avenue. The also have plans to develop a mixed-use project consisting of a hotel, residential, and office space set to be located between Northeast 14th and Northeast 15th Street.
This update is brought to you by Julian Johnston of Calibre International Realty. Julian specializes in Miami waterfront homes as well as Miami Beach luxury condos like Apogee South Beach, the two Continuum buildings, the Portofino Tower, and more. Call (305) 502-3985 for any questions about Miami real estate or Miami Beach real estate.
