Take a prime waterfront site between bay and park; add a neighborhood of low-rise structures and proximity to a vibrant urban center and you have the ideal setting for enjoying the Florida lifestyle.
Iris on the Bay’s cluster of 43 four-story homes on Normandy Isle highlights the growing trend for upscale townhouses. The groundbreaking of Phase 2 on January 24th builds on the success of Phase 1 that is 80 percent sold.
Townhomes differ from units in an apartment building because they offer many advantages of single-family houses but with fewer maintenance concerns and
expenses. The pristine condition of newly built homes adds to the appeal. And unlike high-rise condominiums, the townhomes give buyers ownership of the land they’re built on.
“Iris on the Bay offers privacy, efficient floor plans and amenities aligned with the anticipated lifestyles of our buyers who are mainly in their 30s and 40s.” says Ann Nortmann , Senior Project Director, Development Sales at Douglas Elliman. Real Estate (OR: Sandberg Nortmann Group at Douglas Elliman Real Estate.) “They see this as a value buy at $350- $450 a square foot; most residents plan to live here year-round in a real community.”
The contemporary tropical design takes advantage of the light, the views and outdoor living opportunities. Instead of a one-building mass, Iris is designed with blocks of four buildings that allow for more corner units and water-view corridors. Homes range from 2,100 square feet to 2,500 square feet; Each home offers a fully-equipped kitchen, a spacious rooftop suitable for a summer kitchen, private elevator and a two-car garage. Outdoors there’s a waterfront pool, a gated entrance and 12 docks, available to purchase, on the no-fixed bridges waterway.
Iris on the Bay’s innovative townhomes feature stoops to the first floor as a nod to traditional city brownstones. Visually, its thoroughly modern design blends easily into Normandy Isle’s mid-century modern (MiMo) architectural heritage and the neighborhood’s urban low-key environment. Like all real townhomes, Iris on the Bay is within easy walking distance of services, stores and eateries. Normandy Isle’s interesting ethnic restaurants, local stores, an art cinema and even the beach, are just a stroll away. Highways, airports and downtown Miami are also easily accessible.
Hard hats and shovels will define the scene at noon on January 24th Chairman of the Miami Beach Chamber of Commerce, Wayne Pathman, developers, and city officials break ground. Partnering with the Miami Beach Chamber for the occasion, the developers and Douglas Elliman sales team will host realtors, community and business leaders to the event and offer tours of the development after the groundbreaking ceremony.
“We’re very excited that this project is moving ahead with completion for the first building expected in November this year, with a third of the homes sold.” says Jeff Spear. “Iris on the Bay shows how well waterfront townhomes can provide a most exciting housing option for today’s buyers.”
IRIS on the Bay at 25 – 111 North Shore Drive, Miami Beach, FL 33141 is being developed by South Florida-based The Spear Group and Braddock Financial Corporation.
Architectural Design: Beilinson Gomez Architects.
Interior Design: Michael Wolk Design Associates.
Sales: The Sandberg Nortmann Group at Douglas Elliman.