New luxury apartments open in Miami’s most expensive market
Posted On July 26, 2021
NEW YORK — New luxury apartments have opened in Miami and New York, where luxury owners are turning their attention to the biggest luxury markets in the world.
New York’s flagship apartment, the Chelsea Piers, opened on Saturday, attracting luxury clients like celebrities and sports stars who are looking to find a home in the city.
The apartment is located at 757 Piers Place and is expected to be the most expensive apartment in New York City, according to a listing on Conde Nast.
It features four floors of 2,000 square feet of living space, and is available to rent for $1,995 a month, according the listing.
“This is one of the largest luxury apartments in New Jersey, and one of only four or five luxury apartments currently in Manhattan, according in our data,” said Alex Shishkin, director of real estate for the Manhattan real estate firm, Shishkins Real Estate Group.
Shishkin added the apartment is a collaboration between the Chelsea and Chelsea Pier and will feature more than 500 square feet, and includes a fully furnished kitchen, bathrooms, a private balcony, a fireplace, and an indoor pool.
MGM Resorts, a luxury resort in Palm Beach, Florida, announced on Thursday that it will open a luxury hotel at 717 North Miami Beach Boulevard.
The hotel, which is expected be completed in early 2018, will be located at 589 North Miami Avenue.
The luxury resort hotel, owned by Miami-based private equity firm Golden Palm, will feature six luxury suites, five swimming pools, spa, spa rooms, a tennis court and a casino, and will be open year-round, according.
It is expected the hotel will be completed by the end of 2020, according a release.
A luxury hotel in Florida is expected for the second-biggest luxury market in the US, after New York.
Golden Palm has invested in several luxury resorts including the Palms at Disney World, the Luxury Beach at Disney Cruise Line, the New Jersey Beach at Epcot, and the New Orleans Beach at New Orleans Disney Resort.
In February, the resort company was awarded a $2.7 billion contract by the Walt Disney Co. to build a resort on Disney World’s Caribbean island of St. Croix.
Disney has said the resort will be the largest development of its kind in the United States, with a total of nearly 7,000 rooms, restaurants, shops and a resort-like casino.
The St. John’s Bay resort in New Brunswick, New Brunswick is the second biggest luxury resort, and was named the most luxury resort of the year by CondeNast.
It will be built on the shore of St Croix, about 50 miles west of St John’s, Canada.