LivingLuxuryReal EstateThe Issue

Edgewater’s New Found Paradise

By Angela Betancourt

In the past 35 years, The Related Group has been a leader in developing some of the country’s most luxurious and highly celebrated condominiums. They account for 25% of all condominium development in South Florida. With an ever growing portfolio of projects, The Related Group has proven time and again, that they are industry leaders. In true fashion, the company recently celebrated several major milestones including the launch of Paraiso Bayviews and the groundbreaking for Paraiso Bay.

The launch of Paraiso Bayviews and the construction of Paraiso Bay represent the ongoing revitalization of a once neglected Edgewater neighborhood. Edgewater is approximately located by 17th street to the south, 37th street to the north, the Florida East Coast Railroad and First Avenue to the west, and Biscayne Bay to the east. Edgewater use to be a thriving area about 50 years ago until the mid 1990’s when it started to fall into harder times. Drug dealers, gang bangers, and the homeless began taking over the area.

BAYVIEWS_12

Today this neighborhood is finding a new identity. Edgewater is now a hot commodity in part because of The Related Groups efforts and the bayfront which is one of the area’s highlights.

The launch of Paraiso Bayviews was attended by hundreds of VIP brokers, Mayor Tomás Regalado, and Commissioner Marc Sarnoff. The project’s international interior and industrial designer Karim Rashid was also in attendance. Rashid, who’s been featured in Time Magazine and is recognized as one of the most important industrial designers of our time, evolved his trademark colors and bold shapes for a softer more natural approach to the project.

Boasting 44 stories and 396 units, this new tower is the latest addition to the Edgewater’s New Luxury Paraiso Bay Compound. Residents of Bayviews will enjoy all of Paraiso’s luxury amenities including a rooftop swimming pool, tennis courts, a beach club, marina, gardens by Enzo Enea, a signature restaurant by Michael Schwartz, and more.

Paraiso Bay - Club Room-1

The Paraiso Bay property, which is set between Biscayne Boulevard and the Bay at NE 31st Street, was designed by internationally renowned architect Bernardo Fort-Brescia, principal of Arquitectónica. Paraiso Bay is self proclaimed as a “resort styled, self-contained community” and is attracting a lot of high profile attention. Though the estimated completion isn’t until Spring 2016, celebrities who have already reserved homes there include DJ and music producer David Guetta, basketball star Manu Ginobili, and Spanish tennis legend Arantxa Sanchez-Vicario.

Paraiso Bay -Wine Room and Screening Room-1

Future Paraiso Bay residents won’t have a shortage of amenities to enjoy while they embrace a new park and acres of beautifully landscaped gardens. Thus far, plans for the park include a playground, exercise area, and art sculptures among other features.

It’s truly an exciting time for The Related Group and the Edgewater community. The opening of Paraiso Bayviews and the construction of Paraiso Bay will forever change the Edgewater skyline.

Click here to view post on the Sept/Oct 2014 issue.

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