The Legacy Hotels & Residences project

The Legacy Hotels & Residences project. This development has no rental restrictions and will allow daily rentals.

LOCATION:

Legacy is part of Miami Worldcenter in Downton Miami. Miami Worldcenter is a mixed urban development project spanning 27 acres that spreads over several blocks in downtown Miami's heart. Once completed, this area will include a convention center, a shopping mall, residential, and office buildings.

Miami Worldcenter is the most extensive urban development in the United States after Hudson Yards in New York. It's currently under construction, and one of its most iconic buildings, the Paramount Wolrdcenter, has just been inaugurated with great success.

Legacy's location is perfect, just steps from the Port of Miami, American Airlines Arena, Adrienne Arsht Center, and the new Museum Park, with proximity to the Brickell Financial District, Wynwood, and the Design District. Also, several international events are held throughout the year in the area, Art Basel, the Miami Boat Show, the Miami Music Festival, and the Miami Book Fair, just to name a few. Legacy is also walking distance from the new "Brightline" train station, the rapid train that will connects Miami and Orlando.

A luxury tower with no rental restrictions paired with Legacy's prime location is truly a unique, and compelling proposition for real estate investors.



THE  DEVELOPER:

Legacy is being developed by Royal Palm Companies, an award-winning company with forty years of experience building exquisite properties. 

Its profitable portfolio of completed projects includes mixed-use buildings, condominiums, planned residential communities, multi-family apartment complexes, and hotel buildings such as vacation rental properties, second homes, and residences with hotel services. 

Since 1970, the Royal Palm Companies has completed more than 50 different building projects representing more than 6,000 units. The company has established itself as an industry leader due to its exceptional attention to detail.

LEGACY:

Designed by Kobi Karp with interiors by ID & Design International, the building is 39 floors tall and will include a hotel component. The residential units will occupy the floors 26 to 39.



Legacy has four "drivers" or unique components, specifically designed to act as a magnet and support demand generation. These components are the atrium on the rooftop, a business center, a wellness and health center, and the Micorluxe® units' exclusive design.

Atrium: Two floors of common areas on the roof of the building with party rooms and a swimming pool. Its seven-story structure will be completely transparent with a magnificent view of the Miami skyline. This area aims to attract events, corporate meetings, conferences, weddings, and so on.

The atrium ceiling will be fully glazed, seven stories high, and one of a kind.


In this area, there is also the first Singapore-style swimming pool in the city of Miami,  an all-glass cantilevered pool with panoramic views of the city.



International Business Lounge:  A space conceived for business meetings with elegant decoration, privacy, and focused on those who need an area to present and close business in a modern complex with hotel services.

Wellness Center: A high-tech center of more than 50,000 square feet (4,650 m2), with treatments to improve the quality of life, longevity programs, detox, rejuvenation, spa, gym, and sports medicine, among others. 

Amenities:

Hotel Areas (Ground Level and Pedestal)

• Spectacular 40 ft. high lobby with glass elevators 
• Signature International Restaurant
• Full-service café with locally sourced baked goods 
• First of it's kind International Business Lounge
• Grand Ballroom and Event Spaces
• Shul with Kosher Kitchen

One Acre Pool Deck (9th Floor)

• Largest downtown hotel pool deck
• Multiple water features and full-service pool
• Signature restaurant serving all meals
• Bar and Lounge
• Luxurious deck furniture
• Lush Landscaping
• Plush Cabanas

Rooftop Atrium and Event Space

• Decadent Lounge with seating amidst gardens
• Full Service Bar for Indoor and Outdoor seating
• Cantilevered, Infinity-edge, Singapore inspired pool 500-feet in the air
• Rooftop Sundeck with endless downtown views
• Plentiful Event Space

Center for Health and Performance®

• 50,000 sq ft Medical Clinic with suites for Health and Performance diagnostics and technology
• VIP Health Club with operating Rooms and private VIP Entrance
• Advanced Performance Testing Center

Wellness

• Medical Fitness with Prescription for Health
• Vitality Spa
• Fitness studios
• Sports medicine/Physical therapy
• European styled Steam room
• Relaxing Sauna
• Altitude Training Room
• Cryotherapy Chambers
• Juice/Beverage bar
• IV Nutrition therapy

RESIDENCES:

Legacy incorporates the Microluxe® concept into the design of the units. It is the first high-end, high-touch hotel, and residence experience that includes a holistic lifestyle that energizes guests' minds. 

The units will be delivered fully finished and furnished. The owner can live in the unit, use it on vacation, rent it by the year, rent it by night, and give it to the hotel or real estate agent for management. They may be marketed by any of the best-known platforms, Airbnb, Vrbo, Booking.com, etcetera.

"Exemplified by extraordinary comfort with an unrivaled level of service and innovation, Legacy can be a memorable escape or a meaningful destination."

FLOORPLANS & PRICES:

Studios | 1 Bath:

• A: Total Area, 368 sqf. | 34 m2

1 Bedroom | 1 Bath:

• B1: Total Area, 519 sqf. | 48 m2 - Interior 487 sqf. | 45 m2 - Terrace 32 sqf. | 3 m2
• B2: Total Area, 487 sqf. | 45 m2 - Interior 487 sqf. |  45 m2

2 Bedrooms + Terrace | 2 Baths:

• C: Total Area, 844 sqf. | 78 m2 - Interior 720 sqf. | 67 m2 - Terrace 124 sqf. | 12 m2

2 Bedrooms, Duplex (2 levels) | 2 Baths:

• D1: Total Area, 869 sqf. |  89 m2

Totaly finished residences from the mid $ 300.000's USD 

Estimated Monthly HOA Fee: $ 0.95 per sqf.

Floorplans attached.

PAYMENT STRUCTURE AND DELIVERY:

Groundbreaking is scheduled for the first quarter of 2021 and delivery for the summer of 2023. The project is 70% sold. 

The payment structure is as follows:

• 20% at contract
• 10% at groundbreaking
• 10% when construction reaches floor 9
• 10% at the rooftop
• 50% at closing (estimated, summer 2023)

As an additional benefit, the developer is offering: 2 YEARS OF GUARANTEED RENTAL INCOME WITH A LEASEBACK - 8% GROSS RETURN (limited time offer).


For available units with prices, coordinate a presentation, or if you have any questions, do not hesitate to contact me.