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ELLE Launches 25-Story, 180-Unit Branded Condo Project in Miami

May 29, 2024, 02:16 PM

Global fashion brand ELLE has partnered with Urban Network Capital Group and Vertical Development to launch its first-ever branded condo project, ELLE Residences Miami. The 25-story, 180-unit luxury condo tower, located between Edgewater and the Miami Design District near the famed fashion district, will be permitted for short-term rentals. This project marks ELLE Magazine's entry into the real estate market, aiming to blend fashion and lifestyle in a prime Miami location.

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ELLE Announces Second Real Estate Project by December 2024

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

No • 50%

Yes • 50%

Press releases or official announcements from ELLE Magazine

ELLE Residences Miami 50% Occupancy by December 2024

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

No • 50%

Yes • 50%

Property management reports or press releases by ELLE Residences Miami

ELLE Residences Miami exceeds average rental price in Miami Design District by May 2025?

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

Yes • 50%

No • 50%

Real estate market analysis reports

ELLE Residences Miami full occupancy by May 2025?

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

Yes • 50%

No • 50%

Real estate occupancy reports from Urban Network Capital Group or Vertical Development

ELLE Residences Miami wins a design award by May 2025?

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

Yes • 50%

No • 50%

Award announcements from reputable design or architecture award organizations

ELLE Residences Miami Wins Design Award by May 2025

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

Yes • 50%

No • 50%

Announcements from relevant awarding bodies such as the American Institute of Architects

Market Price Response for ELLE Residences Miami by December 2024

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

Prices exceed expectations • 33%

Prices fall below expected • 33%

Prices meet expectations • 34%

Real estate market analysis reports

Number of additional real estate projects by ELLE by May 2026

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

1-2 additional projects • 33%

More than 2 additional projects • 33%

No additional projects • 33%

Public announcements from ELLE or its partners

Occupancy level of ELLE Residences Miami within first six months

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

51% to 75% • 25%

Above 75% • 25%

25% to 50% • 25%

Below 25% • 25%

Occupancy data from Urban Network Capital Group or Vertical Development

Property value increase range in ELLE Residences Miami in the first year

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

More than 15% increase • 25%

11-15% increase • 25%

6-10% increase • 25%

0-5% increase • 25%

Real estate valuation reports

Sales Percentage at ELLE Residences Miami by August 2024

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

More than 75% • 25%

Less than 25% • 25%

25% to 50% • 25%

50% to 75% • 25%

Sales reports from ELLE Residences Miami or press releases

Short-term Rental Booking Rate at ELLE Residences Miami by November 2024

ELLE•Urban Network Capital Group•Vertical Development•ELLE Residences Miami•Edgewater•Miami Design District•ELLE Magazine•Miami

Resolution / Starting Odds

Below 30% • 25%

30% to 60% • 25%

60% to 90% • 25%

Above 90% • 25%

Booking and rental reports from property management