GLASS Project, formally know as the Glass120 Condominium in Southpointe has just about neared completion, making it the fourth condo project in the South-of-Fifth neighborhood completed since 2011. GLASS is being developed by Terra Group and will be an 18-story condo project located directly on the highly-desirable Ocean Drive. The GLASS name can be attributed to the design, which is meant to "disappear" into the sky as the building rises with smart use of architectural design and glass by architect Rene Gonzalez.
This high-end area has been on the rise and prices have pushed higher then $2,000 SF with some units selling for over $3,000 SF. Glass120 features 10 units, 8 of which are already purchased at an average of $2,700 SF. Sales started at $3.4 million and have continued on past $20 million. Units feature full-floor layouts with panoramic views of the Atlantic Ocean, Miami Beach and Downtown Miami. Buyers will have a chance to customize their floorpans and make the units "their own." Residents will also get an "estate manager" valet, housekeeping, beach services and gym.
Developers plan to build 11 more condo buildings, totaling about 150 units in the South-of-Fifth area of Miami Beach over the next few years. Pricing in this area is already extremely high per SF but is in extreme demand and the area continues to grow and flourish. South-of-Fifth should be a smart place to invest for years to come.