1 Hotel & Homes Condos 8+ Sold | 1 Hotel & Homes, 24th St, South Beach, Florida 33140
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1 Hotel & Homes South Beach, a condo recently renamed from 1 Hotel & Residences South Beach. The property was also once the Gansevoort South Beach and The Perry South Beach Hotel, but after a complete, $250 million renovation, 1 Hotel & Homes will reopen in early 2014 as a LEED-certified “green hotel.” In addition to the name-change, 1 Hotel is being developed by Starwood Capital Group’s highly-acclaimed chairman and CEO, Barry Sternlicht, who is also the former chairman and CEO of Starwood Hotels & Resorts, and creator of the very successful W and St. Regis hotel brands. The project will consist of a 417-room hotel and 163 private ultra-luxury residences and be run by SH Group, which is Starwood’s hotel management company.
Property Details:
Location: Oceanfront
City Neighborhood: Miami Beach
Year Built: 2015
Bedrooms: 1, 2, 3 and 4 bedroom condo residences and duplexes
S.F. Range: 951 - 4,000 sq. ft.
Pet Friendly: Yes
Number of Units: 417 guest rooms 156 private condo residences
Number of Stories: 18
1 Hotel & Homes South Beach: The Residences
The 163 condo units will occupy floors 9 through 16. Initial offerings will include 1, 2, 3 and 4 bedroom floor plans, which will range from 830 square feet to approximately 4,000 sq. ft. The 15th and 16th floors will feature exceptional penthouse residences with a distinctly different look and feel from the other units. Three stunning oceanfront duplex apartments will also be on floors 15 and 16. These are the approximately 4,000 square foot oceanfront residences.
1 Hotel & Homes South Beach: The Condo-Hotel
With the incredible success of Miami Beach condo-hotels such as: W, Canyon Ranch, Fontainebleau, and Mondrian, there will be plenty of interest and potential for 1 Hotel owners to place their condos into the hotel pool. This makes the purchase even more attractive because Miami is consistently one of the top-performing U.S. hotel markets. Buyers will be able to place their units in the rental pool if they purchase the 1 Hotel furniture package.
1 Hotel & Homes South Beach: The Amenities
1 Hotel Miami Beach will continue to feature its now-famous rooftop pool along with three other pools. Owners and guests will enjoy 600 linear feet of oceanfront with private beach club amenities. Additionally, the hotel will have a 40,000-square-foot gym and spa, 24-hour, in-residence dining, and STK from NYC will undergo a major renovation while still calling 1 Hotel & Residences home.
1 Hotel and Homes South Beach – Rental Program Information:
Residences are condos, not condo-hotel units.
Condo owners have the option to purchase a hotel package, which finishes and outfits the unit, and qualifies it to be placed into the hotel rental program
There are No leasing restrictions on condos.
Maintenance will be approximately $1.35 to $1.40 PSF
1 Hotel & Homes South Beach - Building Amenities:
1 Hotel & Homes South Beach - Residence Amenities:
Kitchens:
Baths:
1 Hotel and Homes South Beach – Penthouse Units: