Faena Residences Miami is a pre-construction condominium at 24 SW 4th St in Downtown, planned with 434 residences over 68 floors. The developer lists its status as in contract and completion as Q4 2029. It was developed by Fortune International Group and KAR Properties. Landscape architecture is by Sasaki Studio. Residences range across 1 to 4 bedrooms, with 10 ft (standard residences); 13 ft 3 in (penthouses, lofts, villas, and river lofts) ceilings. It is a waterfront site (river).
The deposit schedule on file: 5% at contract, 5% 45 days after contract, 10% 120 days after contract, 10% at groundbreaking, 10% 12 months after groundbreaking, 10% pouring of highest residential unit, balance at closing. Rental rules as published: no short-term rentals; minimum lease 6 months; up to two leases a year. The developer's estimated association fee is $2.13 per square foot per month. 55 amenities are listed, among them cocktail lounge, lap pool and recording studio. I have 10 developer documents on file for it, including the brochure.
Sources: Developer-published project data and my pre-construction files. Blanks mean the record doesn't state it; nothing here is estimated.
The record 14 facts
The record
- Address
- 24 SW 4th St, Miami 33130
- Neighborhood
- Downtown
- Developer
- Fortune International Group, KAR Properties
- Landscape architect
- Sasaki Studio
- Residence mix
- 1 to 4 Bedrooms
- Ceilings
- 10 Ft (Standard residences); 13 Ft 3 In (Penthouses, Lofts, Villas, and River Lofts)
- Est. HOA
- $2.13/SF/mo
- Expected delivery
- 2029
- Status
- In Contract
- Floors
- 68
- Residences planned
- 434
- Waterfront
- River
- Short-term rentals
- Min lease 6 months
- Sales by
- Fortune International Realty