A 57-story waterfront condo tower by Two Roads Development has broken ground Dec. 13 in Edgewater, two months after the developer secured a $16.5 million construction loan.
Workers are going to move forward with the initial phase of construction, which will include pouring the building’s foundation and installation of pilings and subterranean excavation work. The project site is located at 700 Northeast 23rd St.
The tower, designed by local firm Arquitectonica, is set to deliver 100 luxury half-floor residences that measure between 2,300 and 4,000 sq ft. with prices ranging from $1.5 million to $10 million.
Amenity spaces were designed by French architect Jean Louis-Deniot who regularly ranks in the Architectural Digest’s AD 100, a list recognizing the top 100 architects and designers in the world.
On the 30th floor is a sky lounge exclusive to the tower’s tenants. It will include a lounge area and bar, a dining room, a chef’s kitchen, a library, a game room, and a wine room.
An entire level will also be dedicated to amenities. The seventh floor will be built with a lap pool with a poolside bar, a fitness center, a children’s lounge and spa facilities.
The tower was expected to break ground in the second quarter of 2016, following the release of interior renderings made by Louis-Deniot. Based on the project’s new timetable, completion will be in 2019.