After receiving a temporary certificate of occupancy, Property Markets Group (PMG) and Greybrook Realty Partners are set to begin sales soon for The Elser Miami Hotel & Residences.
The building, which was initially planned as a mixed-use rental tower, will now be offered as fully furnished condos due to continued demand from buyers.
Situated at 398 Northeast Fifth Street in downtown Miami, the 49-story building is set to offer panoramic views of Biscayne Bay and the Atlantic Ocean.
Previously named Society Residences Biscayne, the project was named after a former pier in the area.
Construction on the project is now complete, and buyers will soon be able to choose from a variety of one- to three-bedroom units, with prices starting in the mid-$600,000s.
According to PMG’s Managing Partner, downtown Miami is where luxury real estate, technology, and culture converge. It is the most desirable location in South Florida and is one of the fastest-growing neighborhoods in the United States, with condo buildings growing rapidly.
There is also a tourism and corporate relocation boom within the area, making it an attractive place to invest in a condo unit.
The Elser Hotel & Residences will offer buyers a unique opportunity to live in a brand-new, luxury building with easy access to all of downtown Miami.
Sieger Suarez Architects designed the 646-unit building, a short-term rental-friendly property with floor-to-ceiling windows, expansive balconies in each unit, and high-end finishes throughout.
Amenities in the Elser Hotel Residences include a double-level amenity deck with a pool, co-working spaces, private lounge areas, and oversized modern gyms where residents can work out and stay fit.
Within the building, there will also be a new lobby cocktail bar, restaurant, and coffee lounge called Cafe Domino that will offer residents and hotel guests a place to gather, relax and socialize.
The building is also set to offer 24-hour concierge and valet services and on-site parking.
With historically low resale inventories and low short-term rentals in the area, the Elser Hotel & Residences will be a welcome addition to downtown Miami.
Property Markets Group (PMG), a real estate development and investment firm, is behind some of the most iconic developments in Miami. These include the upcoming E11EVEN Hotel Residences, a luxury condo-hotel in downtown Miami, as well as the Waldorf Astoria Miami Hotel & Residences, which is set to be the tallest residential building in the city.
Ready To Invest in Elser Hotel Residences?
Josh Stein is a Miami real estate agent specializing in downtown Miami condos and the best Miami Luxury Condos. He has helped numerous buyers find and purchase units in some of the most iconic buildings in the city.
For more information on The Elser Hotel & Residences or schedule a showing, don’t hesitate to contact Josh Stein.
Interested buyers are urged to act quickly as units are sure to sell fast.