Planned residential project goes to Miami Design BoardA mere three weeks after closing on a four-parcel land assemblage in Edgewater, Spider is ready to go to the Miami Design Board for review of its newest residential real estate development located at 113 and 123 NE 25 St. in Miami.
Bringing new life to the archaic industry of real estate development, Spider is committed to meeting the needs of today’s investor and resident through speed to market. In order to speed up the timeframe from purchase to commencing construction, the company begins the arduous — yet highly creative — process of conceptualizing and designing its residential project well in advance of closing on the land.
“The biorhythm of investment has changed and the real estate industry needs to adapt by applying metrics to projects that appeal to today’s investor seeking speed to market, and return on investment,” said Andres Goldenberg, chair of Spider, a fully integrated real estate company that provides global solutions to investors through development, acquisitions, management, finance, fund management, marketing and sales.
“As such, our innovative due diligence process for land acquisitions works simultaneous with activities performed by our task force in advance of deals closing, significantly reducing the timeline for a project from start to finish,” Goldenberg added.
This new chapter of real estate is producing Edgewater’s newest proposed boutique residential tower, in what may be record timing. Zoned for T-6-8 capability for a residential project with over 90 units up to 12 floors, Spider is eager to bring its core elements of music, art, sports, and quality of life to the burgeoning corridor. Also within the vicinity, Spider is preparing for the development of a 28-story boutique condo building dubbed “Spark” at 522 NE 34 St.
The company has completed land transactions in Miami-Dade valued at $30 million and spanning more than 147,000 square feet, including the recent purchase of four land parcels totaling 22,000 square feet at 8011-8035 Harding Ave. in North Beach.
For more information, visit http://spider-investments.com/.