“We said, if [we] want to grow, let’s go to Miami”

Faena, an Argentine developer proposes a new oceanfront condo tower for Miami Beach. Faena would like to replicate their Argentina accomplishment in the 20-block area of Miami Beach, precisely between 24th Street and the Fontainebleau Miami Beach resort on 44th Street in South Beach.

“We said, if [we] want to grow, let’s go to Miami”, Faena told the Miami Herald. “We found this fantastic piece of land and quietly we have been buying. Our dream is to do what we did here in Buenos Aires – create something really special working with the best minds in the world.”

“The applicant is requesting approval for the substantial re-design of the new multifamily building, as well as for substantial modifications to the interior and exterior design of the existing Saxony Hotel, including modifications to the site plan and landscape plan”, according to the Miami Beach Historic Preservation Board Agenda.

The "Saxony Hotel & Condominum" project was scheduled to be discussed during the upcoming meeting of the Miami Beach Historic Preservation Board on the 11th of October in South Beach. This project was initially slated as the Cipriani luxury tower consisting of 67 units.

Bill and Bryan are curious to know if Ugo Colombo has thrown in the towel on developing oceanfront Miami Beach Condos – for now it appears that he will stick to Downtown Miami Real Estate and will likely launch Epic Condo Tower 2 in the near future.