Designed by architect Rene Gonzalez, the luxury oceanfront condos will feature full-floor layouts and 360-degree views of the ocean, Miami Beach, the bay and the city skyline. He hopes to emphasize the natural beach surroundings through the design of Glass.

“What was important to us was that the building dematerializes as it goes up, so it becomes lighter, then it starts to almost disappear into the sky,” Gonzalez said. “The building becomes almost a barometer of the environment.”

Developers plan to break ground in August. The condos in Glass will range in price from 8-9 million dollars, with a 35 million-dollar penthouse. Five of the 10 units are already reserved.

Source: The Miami Herald

Glass, Luxury Oceanfront Condos in Miami Beach

The latest data released by Douglas Elliman shows an increase in prices at the luxury end of the real estate market. The high end market is defined as the top 10 percent of sales. For luxury condos, the average sales price in the first quarter of 2013 was 1.57 million dollars, an increase of 18.5 percent. The sales price of luxury homes also showed a significant increase of 15.4 percent.

The influx of foreign buyers has also spurred the construction of new oceanfront condos, such as 321 Ocean and One Ocean in Miami Beach.

Source: The Wall Street Journal

One Ocean, Luxury Oceanfront Condos in Miami