South Beach’s Monad Terrace secures $62.5M in construction financing: Expected to go vertical in March

JDS Development Group has announced that their luxury condominium project Monad Terrace in Miami Beach has secured $62.5 million dollars in construction financing. The construction of Monad Terrace is well underway with the foundation soil mixing nearing completion. Vertical construction will begin in 2018. Monad Terrace was designed by Pritzker Prize-winning architect Jean Nouvel in collaboration with Miami-based architect Kobi Karp. According to Curbed, “Monad Terrace is unquestionably among the most innovative projects in Miami’s condo pipeline.” The project was designed with climate resilience in mind and will be the first new construction project in Miami Beach built at 14 feet above sea level, exceeding the city’s new requirements.

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Step inside Monad Terrace’s sales gallery in Miami Beach

The sales gallery for JDS Development’s new luxury Miami residence, Monad Terrace, is now open at the corner of Alton Road and 14th Street, allowing visitors to catch a glimpse of what its sleek and sophisticated interiors will look like. Monad Terrace has been designed by Pritzker Prize-winning architect Jean Nouvel with climate resilience in mind, and its 59 residences are built around a serene lagoon on Biscayne Bay. The sales gallery was designed to showcase the unique, sawtooth honeycomb glass that’s used throughout the development to diffuse natural light. The building is situated higher than required (11.5 feet) in an effort to insulate it from the effects of rising sea levels. The lobby area is a double-height space that overlooks the Bay. Residences begin at $2 million.

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Jean Nouvel’s Monad Terrace expected to break ground shortly in Miami Beach

JDS Development Group has just released a batch of renderings of their new project at Monad Terrace, which is scheduled to break ground by the end of January. The renderings show the sleek, modern interiors of the Miami Beach condominiums, which look out at Biscayne Bay through a saw-toothed facade lined with honeycomb glass. The NYC- based real estate developers worked with renowned architect Jean Nouvel to create the stunning, climate change-resilient waterfront condominium building. The project’s centerpiece is a lagoon designed not only to reflect sunlight and provide space for local flora and fauna, but to accommodate any heavy flooding in the area. Nouvel’s designs also place Monad Terrace 11.5 feet above sea level, nearly twice the height required by Miami’s recently instated construction codes.

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