“I’m working on one of the best projects in all of the Americas,” Faena stated. “We are creating a whole district.”

His plans for Miami include a five block district featuring a luxury condo building,  theater, cultural center and parking garage. Star architect Rem Koolhaus will create a structure containing a hotel and ballroom, retail space and robotic garage. The Miami Beach project will also include a 300-person theater, intimate cabaret and a possible redesign of the beach boardwalk at the Faena House site.

The Faena House is at the center of the district and is planned to be on the same scale as The Setai, The Continuum and Apogee. This luxury oceanfront condo building will consist of 19 stories, with three full-floor penthouses. Each condo will be fully furnished, with 1-5 bedrooms. Each oceanfront condo will have a custom-designed floor-to-ceiling window wall system. Sales at the Faena House started this week, and the building broke ground just last month.

Source: Forbes Magazine

Faena House Residences Miami Beach

The Setai, an exclusive oceanfront condo tower in South Beach, just hit the highest price for a penthouse unit at $27 million. The price tag is the highest ever for a condominium in South Florida, according to real estate records. Located on the 40^th floor, with 4 bedrooms, 4.5 bathrooms and 7100 square feet of luxury living space, this penthouse is an undeniably spectacular residence.

The Setai, is a trendy building, featuring 175 residences with floor-to-ceiling glass windows. Residents enjoy panoramic views of the beach, the ocean and Miami.

A close runner up, an oceanfront penthouse located in the Continuum sold for $25 million. The Continuum is also located in South Beach.

The Setai South Beach