Kallisto South Beach Residences was canceled, and the project was never finished. Kallisto, meaning “most beautiful,” was the nymph seduced by Zeus and bore him a son, Arcas. Anger or jealousy led to her transformation into a bear. Eventually, she became the heavenly constellation Ursa Major (the Great Bear) — a South Beach-styled drama, if there ever was one.
Kallisto South Beach Location
The upscale neighborhood South of Fifth “SoFi” in the Art District is about to see a new luxury condo project. It bears the name KALLISTO on South Beach. It will be a tall thin building of 19 stories and only TEN residences. Each consists in price between $4.8 and $13.5M with eight single-floor residences spanning 4,399 to 7,947 square feet along with two duplex South Beach Penthouses, one of which boasts its own outdoor bar and private swimming pool.
Kallisto South Beach Amenities
The front entry will consist of the beautiful lobby and business center moving into a four-floor parking deck and a sixth-floor sun deck featuring an Infinity Edge Pool, Spa, Private Bar, and Lounge area overlooking the ocean & city of South Beach.
Kallisto Resident features “smart building” technology allowing the owner to control everything from the stereo to lighting, window coverings, HVAC, and direct communication with the concierge. Other interior features include fingerprint entry, floor-to-ceiling wrap-around glass walls, massive terraces, and a personal exercise room. Only the best in luxury finishes. 24-hour valet and concierge are standard, along with wireless internet connections.
Developing this luxury project at 120 Ocean Drive is none other than The Congress Group, a Boston-based company known for its overtaking assistance of Bentley Bay construction struggles in 2003, along with the Miami-based Architect Bermello Ajamil & Partners Inc. Miami Beach looks forward to this new addition, as Kallisto at SoFi is scheduled for completion in November 2010. Kallisto construction will begin 4Q this year.
“This kind of product is not affected by the real estate crisis,” says Fabiana A. Bosca, director of project sales for Kallisto, when asked about developing such a project during the multifamily sector slump. “If you look at the statistics as to where sales are-and where sales are not-in this vast inventory of condominiums in Dade County, you will learn at the very high end of the market, units at $5 million plus, sales are moving along very briskly,” says Stephen Nostrand, executive vice president of Colliers Abood Wood-Fay in Miami. “The folks looking to buy those types of residences are typically insulated from most and any economic issues that the rest of the market is feeling.” – GlobeSt.com
We all know this building will be highly desirable, as we found with Apogee Condos (Apogee “Sold” Price Per Square Foot Averages $1,239!). Who many speculated would not do well based on the price and location (not even oceanfront). For more info on this new development, simply call the toll-free number below. Oh, btw, if you haven’t subscribed to this blog yet, do it now! If you’d like new blog updates once available, you can be notified by email or contact me here. #1.888.38.DREAM