After breaking ground in April of this year, The Standard Residences Midtown Miami is now able to offer more flexible purchase terms for the sale of the last of their residences.
Rather than paying cash, you can now purchase for 30% down payment on a turnkey luxury pied-a-terre in the busting Midtown neighborhood.
The Location
Being constructed at 3100 NE 1st Avenue in Midtown Miami, The Standard is located directly across the street from the local Trader Joe’s. Also nearby is Target, Petsmart, HomeGoods and Marshall’s for day-to-day living, as well as a host of entertainment, wellness and specialty shops. Midtown is a master-planned neighborhood that is designed with inspiration of SoHo in New Y0rk.
A short walk or drive to the west will put you in the Wynwood art district, where you will find an array of innovative street art murals as well as unique eateries, entertainment and art galleries that come together to offer a rich culture from all walks of life in Miami.
Just to the north you will find yourself in the Miami Design District, which is one of the most elevated shopping and entertainment districts in the Greater Miami Area. What began as a pineapple farm in the 1920’s, became home to over 80 luxury stores and 70 showrooms. Many brands such as Dior, Celine, Dolce & Gabbanna, Cartier, Tiffany & Co. and Saint Laurent all have flagship stores in the Miami Design District.
The Standard
Typically known as a chic and vibrant hotel brand, this is the first residential development for The Standard. It will be 12 stories tall and offer 228 turnkey residences that are able to be leased up to 12 times per year, making this a perfect pied-à-terre. The availability of short-term rentals is not something that is common in Miami, but something that has long been desired by buyers.
The units themselves range in size between 435 square foot studios, up to two-bedroom units that are 935 square feet. There are also one-bedroom and one-bedroom plus den options.
Each of the homes is designed and furnished by Urban Robot, which is based locally. They do a lot of work around the Wynwood area and pride themselves on “telling stories by making places.
The Amenities at The Standard
Keeping with the vibe of the brand, the amenities encourage socialization. There is 11,000 square feet of restaurant/retail space on the ground level as well as 34,000 square feet of private amenities onsite.
Among the private amenities are a chic rooftop pool and restaurant that is sure to redefine the Midtown area. The rooftop pool will be a 60-foot social pool with plenty of lounge areas, fully serviced and always fun. Food and beverage from the bar and restaurant are also available to residents and guests in-unit.
For those who enjoy fitness and sports, a fitness center includes weights and cardio, an indoor/outdoor yoga area, saunas and a meditation room. There is also a pickleball court that transforms into a discotheque for special events.
The Standard Residences Midtown Miami is currently 80% sold, with remaining purchase opportunities ranging betewen $400,000-$1 million. The project is expected to be completed at the end of 2024.
If you are interested in a presentation of the project with specific availability and pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.