NR Investments Tops Off Miami Condos
- Aug 14, 2017
NR Investments ’ CANVAS condominium tower, which is rising in Miami’s Arts + Entertainment District, has topped-off construction at 37 stories. The development, which includes 513 units and is thus the largest of its kind in the A+E, broke ground in February 2016.
NR Investments and its principals are the founders of the Arts + Entertainment District, an enclave flanked by Wynwood, Edgewater and downtown Miami. CANVAS, which is on an acre at 1630 N.E. 1st Ave., is near the Adrienne Arsht Center, Phillip and Patricia Frost Museum of Science, Pérez Art Museum Miami and Wynwood Walls.
Prices for the remaining units range from $345,000 to $654,000, with sizes from 620 square feet to 1,110 square feet. CANVAS is Fannie Mae approved, and so prospective buyers can capitalize on reduced deposit requirements and other benefits of the program, furthering access to millennials and first-time buyers, according to the developer.
In a nod to the surrounding artistic influence, one of the newly unveiled features of the tower is a collaborative installation involving 22 renowned street artists. The project will yield more than 200 original works of art for the building’s residential corridors and common areas.
Other amenities include sunrise and sunset pool decks, an indoor/outdoor yoga garden, a gym, a glass-enclosed racquetball court, Zen spa/sauna treatment rooms, and a multimedia screening and theater facility. The general contractor on the property is Stiles Construction, while its broker is Fortune International Realty. Completion is scheduled for the first quarter of 2018.