It’s the tower that could change a whole strip of Miami Beach — and it will make you instantly dissatisfied with your measly standard balcony.
New renderings of the 18-story Faena House tower, four exclusive to The Huffington Post, reveal even more details of the jaw-dropping residential centerpiece of four blocks that will eventually be known as Faena District Miami Beach. Underway on the waterfront at 3201 Collins Avenue, Faena House is designed by architects Foster + Partners to resemble “a towering ship at sea” — if that ship passed out in a really nice bed, dreaming of maximum amounts of light and space.
In fact, at least one penthouse has nearly as much terrace space as interior square footage. And each of the 47 residences are wrapped with wide aleros, as they are known in Argentina, with balconies functioning like hallways to connect the rooms from the outside. Glass is everywhere and all but uninterrupted, with plans calling for sliding glass doors — built to hurricane code, mind you — as astonishingly wide as 12.5 feet.
Earlier this year, the massive duplex penthouse at Faena House nearly matched a local listings record when it debuted with a $50 million price tag, just $5 million less than a whopper of a penthouse at the Mansions at Aqualina that comes with a cantilevered glass pool hanging off the 47th floor. (The most expensive condo sale so far is a $34 million penthouse at Ian Schrager’s half-constructed The Edition Residences, a few blocks south of Faena on Collins.)
Alan Faena, an Argentinian fashion designer-turned-developer, is building the tower as just the first phase of a neighborhood district he hopes will recreate the success he had with an unlikely warehouse area in Buenos Aires that now boasts some of the most expensive real estate in that city. Faena District Miami Beach will eventually build out 32nd and 35th streets between Indian Creek and the ocean with a luxury hotel, an arts center, an “architecturally important” parking complex (so hot right now!), a marina, and luxury retail space. (Fortunately, the existing historic Saxony Hotel at 32nd and Collins will be refurbished, not torn down.)
The flush, however, aren’t waiting for the rest of it: Faena announced last week that his tower is already 50 percent under contract after breaking ground in January. The scheduled completion date? Fall 2014.
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Faena House, Impressive 68 unit high luxury condo, featuring design by Norman Foster and located at the site of the former Saxony Hotel in Miami Beach.
Alan Faena, The Developer Behind The $550M Revival Of Miami’s Saxony Hotel to called Faena House.
The man behind one of Miami’s most ambitious real estate and architectural projects, the revival of the Saxony Hotel, finally opened up about the project. Alan Faena, the developer which counts with the support of billionaire Len Blavatnik, is set to revolutionize the Miami beachfront with the Faena Saxony, featuring the work of all-star architects Norman Foster and Rem Koolhaus.
The project has been surrounded by a shroud of mystery since day one, a mystery that characterizes Faena himself. “I’m working on one of the best projects in all of the Americas,” Faena told Forbes, “we are creating a whole district,” he added.
The $550 million project resembles what Faena did in the Buenos Aires neighborhood of Puerto Madero, where he took a set of rundown buildings and created a thriving neighborhood that counts with some of the city’s most expensive and luxurious hotels and apartments. “We don’t just develop this, we also deliver product, service, we operate, and so we give this project soul,” explained Faena.
Official details regarding the whole project have been hard to come by, but plans and renderings have been leaked. Faena House will be a 19-story, 62,000 square feet residential tower designed by starchitect Norman Foster according to the Miami Herald’s Real Deal and Hotel Chatter. “Super-celebrity-architect of mystery” Rem Koolhaas will join the project building a structure that will contain a hotel and a ballroom, retail space and a robotic garage, according to Curbed. There will also be a 300-person theater, an “intimate cabaret” and a possible re-design of the beach boardwalk at the site of the former Saxony Hotel, which at one point was slated to become a Cipriani project.
“We are creating a neighborhood here, a five block district that will include the best residential building, […] a theatre, a cultural center, and a parking garage,” Faena confirmed. What differentiates Faena’s from other mega-projects going up in Miami is that this is “the first time something so spectacular comes from the South.” Miami, he said “is our door to the North,” to which he wants to bring “a concept that has never been offered here.” Faena, as Curbed put it, “as grand conductor of his architectural orchestra, will then have built a campus of architectural fantasias.”
The Argentine developer indeed has a thing for pomp and splendor. In Buenos Aires, he developed a whole district which includes one of the city’s most eccentric and highest rated hotels with everything with a pool bar featuring a giant crown fountain and a fully white restaurant with unicorn heads lining the walls. Faena has also built several residences and an impressive cultural center. Most of his projects carry his name.
Faena’s project also fits in the bigger story of a comeback in real estate across certain states, in many cases backed by foreigners. As my colleague Morgan Brenan reported, foreigners accounted for $82.5 billion, or 8.9% of total U.S. residential real estate spend from April 2011 to March 2012. And that is up 24% from a year ago, with five states taking the majority of that investment: Florida, California, Texas, Arizona, and New York.
Home prices, according to the Case-Shiller indexes, are still about 30% below their pre-crisis levels across the country. At the same time, hot-money flows into emerging markets have inflated real estate bubbles across many major global cities. While many Chinese and Russian buyers have been looking into New York, Miami is home to the Latin Americans, with Argentines, Brazilians, and Venezuelans leading the way.
While the recovery in housing can be seen in the incredible stock prices of major homebuilders like KB Home, Lennar, and Toll Brothers, the luxury sector is also booming. And Faena is looking to take advantage of this momentum. “Our project is international, it’s open to all, we are trying to bring a new concept, a culture [to Miami],” he says.
And he may be about to make it. While he didn’t disclose anything on sales, he did hint that they are going for the top of the market. That shouldn’t surprise anyone. Given what he’s done in the past, and the caliber of the people he’s brought on board, no one should expect anything less.
Faena House is a luxury project featuring 68 exclusive 2 to 5 bedroom residences, enjoy 5 star resort amenities designed by the London’s acclaimed architect Norman Foster. The residences range from 1700 sf / 157.9 m² to over 18,000 sf / 1,672 m² with top of the line appliances and equipped latest generation of home automation.
Neighborhood: Miami Beach Real Estate Developer: Alan Faena Architect: Foster + Partners Number of stories: 14 Floors Number of residences: 68 Year Built: 2015
Faena District forms a nexus to the myriad entertainment and shopping areas of South Beach yet is a world apart with a more curated and elevated way of life.
Faena House introduces 68 extraordinary oceanfront condominium residences envisioned by Alan Faena and designed by the internationally renowned architects Foster + Partners. Designed to coexist in perfect harmony combining high technology and a futuristic design.
About Alan Faena
In Buenos Aires, Alan Faena developed a whole district which includes one of the city’s most eccentric and highest rated hotels with everything with a pool bar featuring a giant crown fountain and a fully white restaurant with unicorn heads lining the walls. Faena has also built several residences and an impressive cultural center and he plans carry his legacy to Miami Beach.
Faena House Upper Duplex Penthouse
This is Miami’s most anticipated Penthouse featuring incredible design and life style.
The Penthouse spans the last 2 floors featuring rooftop swimming pool and extraordinary views of the ocean. With over 18,000 Sq Ft (1,695 m2) of abundance and incredible lifestyle that only one can call it home.
Faena House is the first element of Faena District, which is destined to become a new paradigm of the fine art of living.
Alan Faena, curator of Buenos Aires’ most successful urban neighborhood and cultural center, has assembled an all-star team of collaborators—from architects and engineers to curators and chefs—in order to create Faena District. This thoughtfully conceived and executed new neighborhood is a private enclave that will be an international nexus for cultural activity and leisure.
In addition to faena house by foster+partners, Faena District includes:
FAENA HOTEL by architectural team Roman and Williams
FAENA ARTS CENTER by Pritzker Prize winning architect Rem Koolhaas and OMA
FAENA BAZAAR AND ARTISTS-IN-RESIDENCE center by Rem Koolhaas and OMA
FAENA PARK, a state of the art automated parking complex by Rem Koolhaas and OMA
FAENA MARINA on Indian Creek
FAENA GARDENS by Raymond Jungles
Architecture and interiors designed by Foster+Partners
Floor to ceiling window wall systems with extra wide sliding panels custom designed and engineered
Dramatic twenty-seven foot triple height lobby defined by polished black concrete fin walls
The lobby walls are formed in polished architectural concrete with blackened steel finish for all the lobby doors
Tranquil pools pass through the lobby area into the surrounding landscape
Lobby and elevator flooring in polished stone
￼3 passenger elevators with interiors in Bendheim glass and Japanese silk paper running at 500 feet per minute
Dedicated service elevator running at 350 feet per minute
Porte-cochère entrance with travertine paved drive
Atlantic Ocean, bay and city panoramas through floor to ceiling glass
Faena House Features 10′-6″ Ceiling Heights, 11′ on Floors 14 and 15, 13′ in Penthouse
Service entrances in 2 to 5 bedroom homes
Private or semi-private elevator vestibules
Entry foyers with stone flooring and teak entry doors
Master bathrooms with double sink vanities and separate bathtubs and glass showers
Midnight Kitchens in all penthouses master bedrooms
Laundry Rooms with full sized side-by-side washer and dryer and terrazzo flooring in all 2-5-bedroom residences
Choice of White Venetian Terrazzo or 8″ Light White Oak flooring
Fan coil system with multiple zones to maintain better temperature and humidity control for greater comfort
Integrated motorized blinds in dual tone fabric throughout residences
Trapex door handles designed by Foster+Partners
Trufig flush-mounted electric fixtures
Optional Staff Quarters
Terrace depth ranging from 4′ to 37′ for true outdoor living
Sliding glass door openings ranging from 4′ to 12′-6″ wide
Translucent rails allowing for spectacular views from all angles – Ergonomic handrail design made of Corian
White Venetian Terrazzo Flooring
Custom designed by Molteni-Dada and Foster+Partners
White Venetian Terrazzo flooring with Light Dinesen Oiled White Oak option
One inch thick polished Thassos marble countertop
Back painted low-iron glass backsplash (white or black depending on kitchen option)
Glossy white lacquer custom Molteni cabinetry with teak option
Custom polished chrome cabinet finger pulls
Custom overhead light fixtures over counters and islands with fully integrated kitchen hood
Miele 30″ ovens
Miele 24″ speed oven (with microwave)
Miele 24″ Europa warming drawer
Miele 36″ induction cook top with option for gas cook top (30″ in C and D residences)
Miele 48″ integrated refrigerators (36″ units in C and D residences)￼
Miele full sized fully integrated dishwashers
Miele 24″ full height integrated wine refrigerator (below counter in C and D residences)
Miele whole bean coffee system in all units
Custom designed lighting by Foster+Partners
Radiant heated flooring
Bianco Ondulare white figured marble polished flooring
White Thassos marble honed finished walls, with black glass option
Translucent and opaque glass with Japanese silk paper interlay
Dornbracht polished chrome fixtures accented with black Murano glass
Faena House Bespoke vanity with integrated sinks in composite stone and custom under counter touch latch cabinetry with polished stainless steel trim
66″ Kaldewei enameled undermounted bathtub with stone surround
Dornbracht 300mm Rain Showers in polished chrome with hand shower set
22″ Duravit Foster Series hand washbasin with Grohe Allure chrome polished basin-mounted mixer Water Closet Bidet
22″ Duravit Foster Series hand washbasin with Grohe Allure chrome polished basin-mounted mixer
Dornbracht 300mm Rain Shower in polished chrome
Dornbracht concealed single lever shower mixer cover with rosettes in polished chrome
Crestron Automated Systems
Faena House Residences are equipped with Crestron TPMC-V15 with 15″ in-wall touch screens installed in kitchens that allow residents to interact with all of the services. It also provides a control point to operate lighting, thermostats, motorized shades, act as a portal to the Techcierge system and provide a release for the biometric fingerprint readers.
The system also provides onsite amenities integration through access to online services and custom applications. Crestron also allow owners to manipulate controls from their iPad, iPhone or Android devices, whether in the unit or away.
Faena House Exclusive amenities and services
Owners will enjoy exclusive access to thoughtfully conceived, exceptionally realized and carefully managed amenities. An impeccably trained, internationally experienced staff, and private residents’ concierge will look to daily needs and special requests with enthusiasm, expertise and resourcefulness.
Faena House owners will enjoy preferred status and access to all hotel services provided by Faena Grand Hôtel Saxony, currently under construction, as well as all cultural offerings of the district.
24-hour Doorman, valet and five-star concierge services – 24-hour security surveillance
Secure private underground parking with valet service
In-house Spa with separate men’s and women’s residence sauna and steam room, dressing rooms, showers and bathrooms
In-house fitness center with direct ocean views, timber flooring, and best-in-class fitness equipment by TechnoGym
In-house Children’s Playroom
Attended private residential Beach Club (with cabana service)
Landscaped Pool and Children’s Pool (size, design, features, towel service? Jungles to confirm)
Outdoor spaces landscaped to provide delightful common areas as well as more intimate spaces.
Additional charges and restrictions may apply
Security and Technology
Faena House has incorporated Smart Building Technology and custom mobile applications to improve the security and overall living experience of all residents. Networking infrastructure is engineered to provide ultra high-speed internet access through a wireless canopy that covers the entire property.
The Upper Penthouse
4 Bedrooms 5 Bathrooms, 2 Powder Rooms, Private Elevator, Rooftop Pool and Outdoor Kitchen Total Living: 18,253 Sq. Ft. / 1,695 m² Indoor: 8,273 sq. ft. / 768.6 m² Alero: 7,299 sq. ft. / 678.1 m² Private Rooftop Pool: 2,681 sq. ft./ 249.1 m²