Miami Condo Market and Lifestyle Updates
Canyon Ranch Residences, Miami Beach: Revamped Penthouses Out and Sold Out Within Hours!

Canyon Ranch Residences, Miami Beach: Revamped Penthouses Out and Sold Out Within Hours!

by Sep Niakan | October 11, 2012

Miami Beach’s Canyon Ranch Residences, famous for their spacious units and amenities focused on facilitating healthy living, have created a record of sorts as they sold out eight penthouse residences within just eight hours of their release. With an aggregate price of $7 million, the units together managed to fetch close to $800 per square foot. These penthouse units were re-designed and constructed by EBL Partners, a Naples based development management company.

Engaged in the project almost three years ago, EBL Partners re-designed and re-constructed the enormous, two-story suite spread across the 15th and 16th floor of the Center Tower of Canyon Ranch into eight comfortably-sized condo units. This posed to be quite the challenge since all the construction and installations had to be carried out with the rest of the towers and condo hotel being fully operational. However, the firm accomplished the feat with much precision, the result of which fetched a sold out status within hours for these Miami Beach residences.

Canyon Ranch ResidencesThe Canyon Ranch complex is dominated by a unique tri-tower design, which is inclusive of a 35-story North Tower, 16-story Center Tower and a 21-story South Tower. The most distinctive feature of this condo hotel in Miami Beach is that it features a host of facilities that help guests as well as residents maintain their wellbeing with individual health programs as well as on-site medical facilities. However, with EBL stepping in to offer a Building Superintendant program, these oceanfront residences now provide an even more exceptional way of living, with resident requests and complaints being taken care of almost immediately.

Ever since its appointment in Canyon Ranch Miami Beach, EBL has put the finishing touches on more than 150 residences in this oceanfront complex, inclusive of exterior improvements as well as build-outs. This resulted in the sale of 64 units in 2010, with a 100% increase in sales in 2011. The first three quarters of 2012 have already matched these figures. Not only have the prices for the Center Tower witnessed an improvement of 18%, the tower is also expected to be 90% sold out by the end of the year, just like its North Tower counterpart. While EBL’s involvement in Canyon Ranch has been a prominent factor for sales taking an upward direction, we reckon foreign investor confidence and a general positive trend in Miami’s real estate to play a major role too.

Looking forward to ride the positive wave of Miami real estate with lucrative investments or taking your wellbeing more seriously with a Canyon Ranch residence? Call us at 305-725-0566

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