Midtown Park Residences Location & Neighborhood
2901 NE 1st Avenue, Miami, FL 33137
The Neighborhood
What's within reach.
-
Miami Design District Walking distance0.4 mi
-
Wynwood Walking distance0.5 mi
-
Edgewater Walking distance0.6 mi
-
Brightline Station Short walk0.7 mi
Life at Midtown Park Residences
Proper Hospitality — founded by Brad Korzen and operating Proper-branded hotels in Santa Monica, Downtown Los Angeles, San Francisco, Austin, and Miami Beach (Shelborne by Proper, reopening spring 2026) — brings its signature design-driven hospitality to Midtown Park Residences. The $2 billion 5-acre mixed-use ecosystem creates a new neighborhood within Midtown Miami.
First Proper-Branded in Miami
Midtown Park Residences is Proper Hospitality's Miami residential debut and the brand's second residential structure (following Austin Proper Residences). VIP access to Shelborne by Proper Miami Beach included.
$2 Billion 5-Acre Mixed-Use
Part of nearly 5-acre $2 billion mixed-use development with 4 residential towers, 2 office buildings, 120,000+ sq ft retail, gourmet restaurants and cafes, designer shops, two public parks, pedestrian paseos.
Public 8-Court Racquet & Padel Club
Includes a public 8-court racquet & padel club — temporary 2-acre ULTRA Padel & Wellness pop-up (one of largest in U.S.) opening to activate the site ahead of construction.
Culture Concierge
Comprehensive Residential Services: Culture Concierge (insider access to Miami's art, design, fashion happenings), curated social calendars, wellness programming, housekeeping, grocery delivery, while-you're-away services including pet care, plant care, and home maintenance.
Proper Hotels Portfolio Access
Owners gain preferred access to exclusive events at Shelborne by Proper Miami Beach (reopening spring 2026) and other Proper hotels nationally — Santa Monica, Downtown LA, San Francisco, Austin.
Midtown Park Residences Investment & Market Outlook
Why Midtown Miami Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Midtown Miami specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Midtown Park Residences typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Midtown Miami pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Midtown Park Residences follows the Midtown Miami market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Midtown Park Residences
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
-
01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
-
02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
-
03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
-
04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
-
05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Midtown Park Residences FAQs
Answers to the most common questions about Midtown Park Residences pricing, amenities, and policies. For anything else, our team is here to help.
How much do Midtown Park Residences cost?
Midtown Park Residences by Proper pricing starts in the low $700,000s for studios. 1-bedrooms from $900K, 2-bedrooms from $1.5M, 3-bedrooms (Private Collection) from $2.2M. 4-5BR penthouses with private rooftop terraces and pools from $2.7M+ (top penthouses upon request).
Who developed Midtown Park Residences?
Midtown Park Residences by Proper is developed by Proper Hospitality, Rosso Development (founder & CEO Carlos Rosso), and Midtown Development. Proper Hospitality (founded by Brad Korzen, Brian De Lowe) brings hospitality programming.
Who designed Midtown Park?
Architecture by Arquitectonica (Bernardo Fort-Brescia's globally recognized firm). Interior design by Meyer Davis Studio.
When will Midtown Park be completed?
Midtown Park Residences by Proper completion is targeted for 2027-2028. Sales gallery officially opened in March 2026.
What is the $2 billion mixed-use development?
Midtown Park Residences is the first 28-story tower of a $2 billion 5-acre mixed-use development that will include: 4 residential towers, 2 office buildings, 120,000+ sq ft prime retail with gourmet restaurants and designer shops, two public parks, pedestrian paseos connecting Midtown to Design District and Wynwood, and a public 8-court racquet & padel club.
How many residences does Midtown Park have?
288 residences across 28 stories in the first tower. Layouts include fully furnished studios to two-bedroom units, three-bedroom and Private Collection residences, and four-to-five-bedroom penthouses with rooftop terraces and pools.
What is Proper Hospitality?
Proper Hospitality is a U.S.-based luxury hospitality brand operating Proper-branded hotels in Santa Monica, Downtown Los Angeles, San Francisco, Austin, and Miami Beach (Shelborne by Proper, reopening spring 2026). Founded by Brad Korzen and Brian De Lowe — known for design-driven experiences and personalized luxury.
What are the Residential Services?
Comprehensive Residential Services include Culture Concierge (insider access to Miami's art, design, fashion happenings), curated social calendars, wellness programming, on-demand in-residence services (grocery delivery, housekeeping, laundry), while-you're-away services (pet care, plant care, home maintenance), and preferred access to Proper hotels nationally.
