Art and artistic expression are extremely important to the people of Miami, and the scene in the city is expanding rapidly. In fact, art is such an important part of the city that it is bleeding its way into some of the real estate offerings that are available. The developers for some of the luxury buildings are actually talking with some of the best artists to provide artwork for the buildings, merging their art with the design of the building. This benefits the developers and architects as well as the artists. The developers will have a property that is entirely unique and that hits all the right spots for art lovers, no matter how casual they might be. It gives the artists more work and more exposure, which is always nice.
New Pre-Construction Condos Require Style
With all of the new towers going up in the Miami region, it becomes essential that they have a number of things to differentiate them from one another. The exterior design of the building is one way that they are doing this. Having high quality and unique art can affect the outcome of the project, as well as the way people feel about the property.
Faena House, developed by Alan Faena, will house the Faena Bazaar and an artist-in-residence center by Rem Koolhaas and OMA. Oceana Bal Harbour (see site here) will feature two larger-than-life works by Jeff Koons—Pluto and Proserpina and Ballerina, purchased in 2013 for $14 million—both of which will be shared and owned by building tenants. 250 Wynwood—an 11-unit condo developed by Fortis, will feature terrace overhangs decorated with curated graffiti. Not far away, the Filling Station Lofts in Wynwood has enlisted local artist Daniel Fila to create unique works of art for each individual floor, as well as to consult on the building’s aesthetics.
In Sunny Isles Beach, Property Markets Group’s Muse Residences, 47 stories with 68 units, will deliver a custom $200,000 piece of art by Helidon Xhixha, created after consultation with the owner, into every $4 million-and-up unit. CMC Group is developing Brickell Flatiron on a wedge-shaped site at the convergence of South Miami Avenue and Southeast First Avenue. Besides its shape, the Brickell Flatiron building’s single most distinctive feature is an extensive and very public collaboration with the artist Julian Schnabel.
Some developers even have exhibitions for the artists in the buildings as a means to get the residents and the public more involved in the art scene. The museum quality pieces really do add to the sense of style for these properties. Of course, it is important to note that they also add to the price, and the value. Some of the art installations are costly, and this cost has to transfer to the owners. However, it is important for those buyers to remember that the art on the property is also helping to increase the overall value of the property.
In most parts of the country, being an art aficionado and buying real estate have little to do with one another. However, in Miami, they go hand in hand. Those who are looking for something that’s truly unique and one of a kind will see that these buildings are able to offer that quite easily. Buyers can explore a world of art when they are looking for a new home, which can make the buying process more interesting. It is good for the city and the residents to have an influx of new and interesting art, and it helps to develop and strengthen the community.