A couple of months ago we brought you the news that luxury automobile company Aston Martin was going to get itself a slice of Miami’s waterfront real estate with their new residential tower. We can now confirm that Aston Martin Residences will sell at the steep price of $2,865 a square foot for even the smallest units. This is the first set of branded residences from Aston Martin.
Units will range in size from 698 square feet to 18,811 square feet (this latter floor space will belong to the building’s penthouses) and while prices for conventional units range from $2 million to $8.5 million, the penthouses could cost as much as $50 million.
Construction of the tower will begin next year and the project is expected to be complete by 2021. Miami realty veterans Cervera Real Estate will be handling sales of the condos in the tower. The asking price for these condos is supposedly around double the list price of the most expensive condos in Miami so Cervera is facing a tall order. It will be worth seeing if they can actually get those rates.