Amazing priced unit in Williams Island “The Florida Riviera” is upgraded and has amazing amenities included. Unit has the most beautiful views of the Miami Skyline, The Bay and The Ocean. Located in the famous Williams Island Marina and near Aventura Mall, Shopping, Restaurants and Houses of Worship.[idx-listing mlsnumber=”M1472982″ showall=”true”]
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The Miami Herald recently published a story regarding the lawsuit filed by Bank of America against Everglades on the Bay. This story was extremely informative to us; as a brokerage specializing in luxury rentals we are constantly seeking great deals for tenants while trying to ensure a safe and secure community for the tenants.
Apparently Bank of America filed suit against the developers of Everglades on the Bay; this motion entailed the banks effort to seek dismissal of the communities chapter 11 case. The bank was claiming that the developers rental program would diminish the value of the property which is the collateral for the loan; therefore, endangering the banks position. There were also some accusations regarding the developer’s sub-standard practices in screening the tenants; thereby allowing persons with criminal backgrounds to enter the community. This second accusation (screening practices) was apparently found to be unsubstantiated. The judge also found that the property was not losing value due to the rental the program.
In a nut shell the developer was rewarded the case and will (at least for now) be able to continue it’s chapter 11 bankruptcy which will allow for re-organization and actually pay back a good portion of the debt it has incurred. The developer may also continue to rent unsold units. In addition, the bank may have opened themselves up to some liability; the developer may now seek to recover funds “for any extraordinary damage caused.”
Everglades on the Bay is a 49 story, two building luxury condo community located on northeast second street and Biscayne Blvd. This community is very attractive and with 849 condo units of which only a fraction have sold you can only assume that the develper will be offering attractive incentives to buyers as well as tenants. If you are in the market for a primary home (buying or renting) or perhaps a nice investment property be sure to consider this property as one to place on your roster to view.
This week Miamirentseekers.com is featuring two very trendy properties on our blog. These properties are fairly new and offer a very unique feel in the Aventura luxury rental market.
Uptown Marina Lofts: This community is unlike any other in Aventura. You would actually expect to see this type of property in Downtown Miami or even New York City. The community itself offers all the luxury amenities that you may have become used to when living in Miami’s luxury communities. Amenities include: valet parking, concierge services, on site management, pool, hot tub, spa, fitness center, community room, business center, basketball court, tennis court and a marina among other services. All amenities are state of the art and kept up constantly. However, the real surprise in this building comes when you enter these unique units. They are true lofts! The units offer huge open spaces, and open floor plans. This allows the resident to become as creative as they want to be with the space with little to no limitations. The ceilings are an impressive 16 feet high with exposed airconditioning ducts and lighting fixtures. The kitchens offer granite counter tops and modern hydraulic cabinets. The bathrooms are all finished with amazing european style cabinets and water fixtures. Floor to ceiling sliding glass doors and windows add the element of natural lighting. So for a very trendy lifestyle, be sure to take a look at Uptown Marina Lofts.
Atrium: If you consider yourself trendy, yet feel that you ned a bit more division in your living spaces; then Atrium may be the choice for you. Just as the prior community; Atrium also offers the best in amenities, they even have a swim resistance pool. This community has a dramatic lobby when you enter and then actually divides to the left and to the right, each passage leading to one of the two towers and together form this spectacular community. Each sub-lobby for each building will great you with six enormous palms and three glass elevators. These units also offer european cabinets, with granite counter tops, marble floors (in most units), floor to ceiling windows for lighting and spectacular views. For the trendy and private lifestyle be sure to take a look at The Atrium in Aventura.
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