Constellation Group and Partners Secure $42.3M Loan for Ella Miami Beach Development
Miami Beach's North Beach neighborhood is set to welcome a new addition to its skyline with the development of Ella Miami Beach. Constellation Group, in partnership with The Boschetti Group and Vietmar, has successfully secured a $42.3 million construction loan from Amerant Bank to bring this project to fruition.
Project Overview
Ella Miami Beach is envisioned as a 10-story boutique condominium located at 6940 Abbott Avenue. The development will feature 103 units, including studios, one-bedroom, and two-bedroom residences, with sizes ranging from 342 to 1,089 square feet. Pricing for these units starts in the $500,000s, offering an attractive entry point for new construction in Miami Beach, where prices typically begin above $1 million.
Designed by the renowned architectural firm Arquitectonica, Ella Miami Beach aims to blend subtle Art Deco curves with modern lines, paying homage to Miami Beach's rich architectural heritage.
Amenities and Lifestyle
Residents of Ella Miami Beach will have access to a suite of upscale amenities designed to enhance their living experience:
- Rooftop Pool and Fitness Center: Offering panoramic views of Biscayne Bay and Downtown Miami.
- Pickleball Court: Overlooking the Atlantic Ocean, providing a unique recreational opportunity.
- Wellness Facilities: Including an outdoor yoga and meditation deck, cold plunge, and sauna.
- Coworking Space: Catering to the needs of remote workers and entrepreneurs.
- Private Beach Club Access: Managed by The Boucher Brothers, offering residents exclusive beach experiences.
Additionally, the development will provide complimentary beach cruisers, bike and beach toy storage, onsite parking, and ground-floor retail spaces, ensuring a convenient and luxurious lifestyle for its residents.
Construction Timeline and Sales
Construction of Ella Miami Beach commenced in February 2025, with completion anticipated in 2026. The project has already achieved over 50% in pre-construction sales, reflecting strong market interest and validation.
ONE Sotheby’s International Realty is leading the sales efforts for the development. Interested buyers can visit the sales gallery located at 6897 Collins Avenue in Miami Beach for more information.
Impact on North Beach
The introduction of Ella Miami Beach is part of a broader wave of development transforming North Beach into a sought-after destination for luxury living. Since 2017, when Miami Beach residents voted to increase density for projects, the neighborhood has seen a surge in new developments.
Notable projects include the recently completed 72 Park, a 22-story, 206-unit condo building at 580 72nd Street, which is 90% sold. Additionally, Lefferts is planning the 14-story, 126-unit Palma Miami Beach Residences at 600 71st Street.
Insights
What makes Ella Miami Beach stand out among other developments in the area?
Ella Miami Beach distinguishes itself through its boutique size, Art Deco-inspired design by Arquitectonica, and a comprehensive suite of amenities, including a rooftop pool, fitness center, and private beach club access. Additionally, its competitive pricing starting in the $500,000s offers an attractive entry point for luxury living in Miami Beach.
Are short-term rentals permitted at Ella Miami Beach?
Yes, short-term rentals are permitted at Ella Miami Beach, providing owners with flexibility and potential rental income opportunities.
How does the architectural design of Ella Miami Beach reflect Miami's heritage?
The design incorporates subtle Art Deco curves blended with modern lines, paying homage to Miami Beach's iconic architectural heritage while offering contemporary living spaces.
What is the expected completion date for Ella Miami Beach?
Construction began in February 2025, with completion anticipated in 2026.
Who is responsible for the sales and marketing of Ella Miami Beach?
ONE Sotheby’s International Realty is leading the sales efforts for the development.
Where can interested buyers obtain more information about the project?
Prospective buyers can visit the sales gallery at 6897 Collins Avenue in Miami Beach or contact the sales team through the official website for more information.
Ella Miami Beach represents a harmonious blend of historical homage and modern luxury, contributing to the ongoing evolution of North Beach as a premier residential destination.
