Developers of the Edge on Brickell project, a 58-story tower planned for the south bank of the Miami River, have launched sales of units.
The 130-unit project is being developed by Mexican-born architect Rafael Aragonés and developer Alberto Espinosa and will include a 300-foot dock with private boat slips.
The 631-foot highrise — which is to be located at the former site of the Big Fish restaurant at 55 SW Miami Avenue Road — will have a 600-foot illuminated glass mural design by Dutch artist Jan Hendrix on its facade.
The developers expect to begin construction in 2015 with completion projected for the spring of 2017. Amenities include a pool deck on 15th floor, a children’s entertainment room, and a ground floor restaurant.
The Edge on Brickell will include two- and three-bedroom units and two-story penthouses, with prices ranging from $648,000 to more than $4 million.
The project is using the buyer deposit model that has fueled the current boom in Miami. The deposit schedule calls for buyers to put up 20 percent of the purchase price at contract, another 20 percent at groundbreaking, 10 percent when the top slab is poured and the balance at closing.
Veronica Cervera Goeseke, CEO of Cervera Real Estate, which is heading sales and marketing for the project, said prices start in the “very high $400-per-square foot’’ range with “a majority of units in the $500-per-square-foot” range.