Friday, August 04, 2006

EPIC Miami Begins Construction

Commercial Real Estate News - Construction Gets Under Way on 54-Story Project

Locally based developers CMC Group, Lionstone Development and Ponte Gadea Group have begun construction on the EPIC Miami Hotel and Residences. This well-anticipated luxury real estate project has captured the attention of Miami condo buyers and many of the one, two, three bedroom apartments and penthouses have already been sold at preconstruction prices.

“We’re finding that the building is attracting people who want to live in the city and walk to places,” says Veronica Cervera, president of Cervera Real Estate and the project’s exclusive sales agent, “The performing arts center will be completed by the end of the year and it’s bringing a lot of energy to that area.”

Ranging from $160 to $200 million, the EPIC Miami Hotel and Residences will contain both luxury Miami condos and hotel rooms. The hotel will occupy 15 of the floors, and will be managed by San Francisco-based Kimpton Hotels & Restaurants.

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