PMG also expects to break ground this year on E11EVEN Hotel & Residences, a 400-unit condo project. The units are priced at $250,000 to $12 million.
The E11EVEN project quickly sold more than 70 percent of its units, reflecting what Shear sees as Downtown Miami’s move into the top tier of urban cores.
E11even is one of the most appealing and successful nightlife clubs in the world. This is the kind of club that is able to put forth musicians like Drake, Miley Cyrus, Usher, Cardi B, The Chainsmokers, Post Malone, Daddy Yankee, and Nicky Jam on stage in front of superstars like Leonardo DiCaprio, Sting, Kendall Jenner, Demi Lovato, Gigi & Bella Hadid, Dwyane Wade, Vin Diesel amongst many others.
Now that E11even has made a name in the nightlife scene, it is taking aim at the luxury hotel and residence scene in Miami. Because right now, E11even is teaming up with PMG to bring a 65 story building to Miami. A building that doesn’t just offer up hotel rooms and residential living with 375 rooms, but other next-level amenities to bring the masses in.
The amenities that can be found in E11even Hotel & Residences Miami vary from options like a luxury wellness center by Deepak Chopra, a 20000 square foot day club with pools and stages, a 5-star gourmet food hall, an 8000 square foot casino-style sports lounge, world-renowned sculptures, a private beach club, and VIP access E11even Miami.
Park West’s E11even Hotel & Residences has experienced strong sales, and a second tower is now being considered by the developers.
The first tower will rise 65 stories, or 698 feet above ground.
Over 90 percent of condo units of 340 units planned in the tower are now in contract, with buyers placing a non-refundable 10 percent deposit, according to a press release.
Developer Michael Simkins told The Real Deal that a second tower is feasible and under consideration.