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Gale Hotel & Residences (Hotel Units)

Neighborhood Snapshot: Downtown Miami


Development Name
Sales Status	Contract
Percentage Sold/Reserved	80 %
Address	601 NE 1st Avenue Miami
Location	Urban Core
Developer	GFO Investments
Architect	Arquitectonica
Number of Units	51
Number of Stories	12
Estimated Completion (Year)	Q3 2024
Unit Type Range:	Studio – 2 Bds
Unit Size Range (/ft2)	389 ft2 –900 ft2
Price Range of Available Units:	$ 635k - $ 1.7M
Price Average (/ft2):	$ 1,200 - $ 1,400
Starting Price ( Studio Units )	$ 635k
Starting Price ( 1 Bed Units )
Starting Price ( 2 Bed Units )	$ 1.7M
Starting Price ( 3 Bed Units )	-
Starting Price ( 4 Bed + Units )	-
Rental Policy	Daily
Outside Broker Commission	7 %