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Report: Auberge Miami likely delayed until ‘at least 2018’

Will other projects follow?

While Auberge Residences & Spa Miami was expected to break ground in 2017, the Related Group is "likely delaying construction" until at least end-year 2018, according to The Real Deal.

Auberge is slated to rise at 1440 Biscayne Boulevard, currently the site of a mid-rise office and retail building in Miami’s Arts & Entertainment District.

According to emails obtained by TRD, Blanca Commercial Real Estate — the brokerage handling leasing for Related’s development site — sent an offer to at least one tenant that would extend its lease until late August 2018, without a previously used development clause that would allow Related to terminate a lease ahead of demolition.

A copy of a lease at the building from 2015, obtained by TRD, had included a provision that Related could cancel the lease with a minimum of six month’s notice.

The Related Group declined to comment, as did Blanca.

They launched its $2 million sales gallery in April, two months after sales began in February.

Among the planned amenities are a golf simulation room, cigar lounge, wine room, children's play room, luxury restaurant, and Zen Pool Terrace.

Sales for the 290-unit development in the Arts and Entertainment District in Downtown Miami are somewhere between 15 percent and 20 percent, depending on the source, with prices starting in the mid $300,000s.

Check out the renderings here.

Auberge Miami Residences & Spa

1440 Biscayne Blvd, Miami, FL 33132 (305) 260-6054