{"id":1004088993,"date":"2013-12-26T07:08:50","date_gmt":"2013-12-26T15:08:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004088993"},"modified":"2022-12-06T06:00:25","modified_gmt":"2022-12-06T14:00:25","slug":"centro-breaks-ground-in-downtown-miami","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/centro-breaks-ground-in-downtown-miami\/","title":{"rendered":"Centro Breaks Ground in Downtown Miami"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/12\/Centro.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004088995\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/centro-breaks-ground-in-downtown-miami\/centro\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/12\/Centro.jpg\" data-orig-size=\"342,800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Centro\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/12\/Centro.jpg?w=342\" class=\"alignleft size-medium wp-image-1004088995\" alt=\"Centro\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/12\/Centro.jpg\" width=\"128\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/12\/Centro.jpg 342w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/12\/Centro.jpg?resize=128,300 128w\" sizes=\"auto, (max-width: 128px) 100vw, 128px\" \/><\/a><\/p>\n<p>Construction has officially begun on Centro, a $90 million, 37-story, 352-unit residential condominium tower in Miami\u2019s central business district, the partnership of developer Newgard Development Group, of Miami, and The Tilia Family of Cos., announced last Friday.<br \/>\nThe building, at 151 SE First St., reportedly, is the first condo to break ground in the city\u2019s CBD since the 2008 economic downturn.<\/p>\n<p>Designed by Sieger Suarez Architectural Partnership, of Miami, and to be constructed by Tutor-Perini Building Corp., the tower is scheduled for delivery in 2015.<br \/>\nCentro\u2019s loft-style residences will comprise one- and two-bedroom units (ranging from 546 to 1,173 square feet) with open-concept floor plans, 10-foot ceilings, floor-to-ceiling windows with energy-efficient glass and balconies.<br \/>\nThe interiors, based on a design concept by Yves B\u00e9har, founder of San Francisco\u2019s Fuseproject, will feature finished concrete floors; modern Italian kitchens, bathroom and light fixtures; Italian cabinetry; and stainless-steel, energy-smart appliances.<\/p>\n<p>Amenities will include a two-story penthouse recreation area featuring a rooftop pool with 360-degree views, a health club and spa, a sky lounge, valet parking, an outdoor pet area with access control, 24-hour reception desk, multiple fully wired shared workspaces, and ground-floor restaurant and retail space.<br \/>\nAbout 75 percent of the building\u2019s units have already been sold by hard contract, a Newgard spokesperson told Commercial Property Executive. Pre-construction prices run from the low $200,000s and to the mid-$400,000s.<br \/>\n\u201cToday\u2019s downtown Miami looks very different from that of five years ago,\u201d Centro developer Harvey Hernandez, managing partner of Newgard Development Group, told CPE. \u201cOur full-time residential population has doubled in size to nearly 80,000.\u201d<\/p>\n<p>With a thriving cultural scene that includes the Adrienne Arsht Center for the Performing Arts and Museum Park with the Perez Art Museum Miami and Miami Science Museum, there\u2019s a rapid growth of restaurants and retail businesses, and expanding public transportation.<br \/>\n\u201cThe time is right for a residential development like Centro. I expect that other developers will follow our lead,\u201d Hernandez said.<\/p>\n<p>Rather unusually, the building will not feature a parking garage. Instead, the Newgard spokesperson explained to CPE, residents can use an adjacent parking structure, available through 24\/7 valet parking, or they can access an on-site fleet of Smart Cars through a partnership with the Car2Go vehicle-sharing program.<br \/>\n(The Tilia Family of Cos., which does not seem to have its own website, is described by several online sources as a group of family-owned and -operated ventures in the real estate, financial services and lifestyle industries.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction has officially begun on Centro, a $90 million, 37-story, 352-unit residential condominium tower in Miami\u2019s central business district.<\/p>\n","protected":false},"author":882,"featured_media":1004088995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1492,21742],"tags":[],"class_list":["post-1004088993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-miami","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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