CANVAS Condo Tops Off, Street Artists Tapped For Massive Installation

8/13/17

Sleek, contemporary tower with Ocean, Bay, sunset and Miami skyline views, is slated to be delivered to residents next spring 

NR Investments’ highly anticipated CANVAS condominium tower, the flagship residential building of Miami’s burgeoning Arts + Entertainment District (A+E), has officially topped-off construction at 37 stories.  The announcement was made in tandem with general contractor Stiles Construction and the project’s exclusive broker, Fortune International Realty.

The art and design inspired building, which comprises 513 residences -- the largest of its size in the A+E -- broke ground in February 2016.  Completion is now scheduled for the first quarter of 2018. 

Prices for the remaining homes range from $345,000 to $654,000, with sizes encompassing 620 sq. ft. to 1,110 sq. ft.  With CANVAS being Fannie Mae approved, prospective buyers are able to capitalize on reduced deposit requirements and other benefits of the program, furthering access to millennials and first-time buyers.

“Buyers have been flocking to this project from across the globe,” said Ron Gottesmann, Principal of NR Investments. “We know this neighborhood presents a great deal of appeal among those looking for a central location in a neighborhood being fueled by the arts – one that puts residents within walking distance of area landmarks and top entertainment venues. For those seeking a second home or primary residence, CANVAS represents the opportunity to be at the epicenter of everything Miami has to offer.”

NR Investments and its principals are the founders of the Arts + Entertainment District, an enclave flanked by Wynwood, Edgewater and downtown Miami. CANVAS is ideally located near the Adrienne Arsht Center, Phillip and Patricia Frost Museum of Science, Pérez Art Museum Miami and Wynwood Walls.  In a nod to that influence, one of the newly unveiled hallmarks of the tower will be a massive, collaborative installation involving 22 globally renowned street artists and yielding more than 200 original works of art for the building’s residential corridors and common areas. 

“What we’ve built in the Arts + Entertainment District has been transformative…and CANVAS is a direct reflection of that,” said Nir Shoshani, Principal, NR Investments.  “Overall, this is an important moment for the city as it is another example of the strong interest among buyers to live in the urban core of Miami and take advantage of its art-infused offerings.”

Located on more than an acre of land at 1630 N.E. 1st Avenue, CANVAS boasts a contemporary design with views of Biscayne Bay, the Atlantic Ocean, the city skyline, and exceptional, unobstructed sunset views. Amenities include sunrise and sunset pool decks, a serene indoor/outdoor yoga garden, a state-of-the-art gym, a glass-enclosed racquetball court, Zen spa/sauna treatment rooms, and a multimedia screening and theater facility.  A Metromover stop is steps from the project, as are recreational facilities and major thoroughfares, including I-95, I-395 and I-195.

Sales at CANVAS are being brokered by Fortune International Realty. For more information, contact CANVAS Sales Director Jessika Gomez at (786) 355-7504 or jessikagrealtor@gmail.com or visit http://www.canvascondos.com.

About NR Investments

NR Investments (NRI) is a fully integrated and privately held real estate investment company based in Miami and the visionary behind Miami’s burgeoning Arts + Entertainment district of Greater Downtown Miami. NRI holdings include large-scale office buildings, condominium and rental building developments, commercial shopping centers, and multi-family housing located around the world. Helmed by its two principals, Ron Gottesmann and Nir Shoshani, NRI has acquired more than 5,000 commercial and residential units since its inception and currently has approximately one million square feet of rental and converted office condominium product on the market. NRI’s mission is to create neighborhoods, shape cityscapes and foster a sense of community amongst residents and visitors alike. As such, the firm focuses on property repositioning by acquiring underperforming buildings in high visibility locations and rehabilitating them to their fullest potential through extensive renovation and management restructuring, and converting leased office space to for-sale office and condominium product. For more information, visit www.nrinvestments.com or call (305) 625-0949.

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