Frequently Asked Questions About Faena Residences Miami
What are the prices at Faena Residences Miami?
Residences at Faena Residences Miami are priced from $1300K to over $10.0M. Pre-construction pricing may include developer incentives and flexible deposit structures. Contact us for current availability and pricing.
When will Faena Residences Miami be completed?
Faena Residences Miami is expected to be completed in 2029. Construction timelines may vary. Buyers can secure units during the pre-construction phase, often with favorable pricing and deposit structures.
Who is the developer of Faena Residences Miami?
Faena Residences Miami is being developed by Fortune International Group & KAR Properties in collaboration with Alan Faena. The developer has a track record of delivering luxury residential projects in Miami.
Why buy pre-construction at Faena Residences Miami?
Buying pre-construction at Faena Residences Miami offers several advantages: lower entry prices before completion, ability to customize finishes in some cases, favorable deposit structures (typically 20-30% over time vs. 20% at contract for resale), and potential appreciation by completion. Faena Residences Miami will feature 434 luxury residences in Miami River.
What is the deposit structure for Faena Residences Miami?
Pre-construction deposits at Faena Residences Miami are typically structured over time rather than all at once. A common structure is 10% at contract, 10% at groundbreaking, and 10% at top-off, with the balance due at closing. Contact us for the specific deposit schedule and current incentives.