New Residential Sales Surpass Halfway Mark at Canyon Ranch's North Tower

Milestone achieved without bulk or investor sales programs

Nov 03, 2011, 12:49 ET from Canyon Ranch Living Miami Beach

MIAMI BEACH, Fla., Nov. 3, 2011 /PRNewswire/ -- More than half of the residences in the North Tower of Canyon Ranch Living Miami Beach have sold, just seven months after its launch. Individuals from the United States and more than a dozen countries have embraced Canyon Ranch's luxurious lifestyle of healthy living.

"The fast pace of sales reflects the uniqueness of Canyon Ranch, not its price point," said Michael Sadov, Real Estate Sales Director at Canyon Ranch Living Miami Beach. "We sold the residences in the North Tower to discerning buyers without slashing prices, appealing to investors, or conducting bulk sales."

The North Tower of Canyon Ranch Living Miami Beach opened in March 2011 with over 175 available residences to a rush of buyers that continued throughout the summer as South Americans discovered the Canyon Ranch lifestyle.

"We expect another wave of closings in the North Tower this winter season," Sadov said. "We are receiving calls from real estate brokers and individuals in the Northeast and Canada who are asking about availability."

Sadov is informing potential buyers and their brokers that the South Tower is sold out and that only a few condominiums in addition to condo-hotel rooms remain in the Central Tower.  Seventy Five percent of the residences in the three towers are now sold.

"People are embracing the Canyon Ranch philosophy of physical, mental and emotional well-being," Sadov said. "Those with children or grandchildren are being drawn to the high number of multi-generational activities."

One, two and three-bedroom residences at Canyon Ranch are selling from $300,000 to more than $3 million. Prices in the North Tower starting at just over $400,000 for one-bedrooms, just over $600,000 for 2 bedrooms and from $2 million for 3 bedrooms.

ABOUT CANYON RANCH LIVING MIAMI BEACH

Canyon Ranch Living Miami Beach is a community of 580 artfully designed, beautiful residences surrounded by a true wellness spa. Unit owners enjoy a holistic approach to living structured around four guiding principles: physical activity, nutrition, spiritual awareness and integrative health.

The residences are spread across three blue-glass towers – north, south and center – with a spa and 150 all-suite hotel rooms on the lower floors of the center tower, the original Carillon Hotel.

Residences, designed by Arquitectonica, overlook 750 linear feet of Miami Beach's pristine shoreline. One, two and three-bedroom units feature floor-to-ceiling windows and steel-and-glass balconies that have panoramic views of the Atlantic Ocean, Biscayne Bay and the Miami skyline.

Rockwell Group, one of the most respected interior design firms in the nation, designed lighting, fixtures and furniture for the property and residential units. Hallways, stairways, lobbies and the dining room are layered with texture and color using handcrafted materials that reflect the ocean landscape outside. Soothing lavender graces the bedding and throws, while the bathrooms mix ebonized oak, marble, limestone, and iridescent mosaics in a flower pattern.

All residences at Canyon Ranch Living Miami Beach feature:

  • Custom kitchens with Miele and Sub Zero appliances
  • Large master bathrooms
  • Whirlpool tubs, wood vanities and exotic stone tops
  • Walk-in closets

Residents enjoy all the amenities of Canyon Ranch at special ownership rates, including 40 daily fitness classes and lectures, the only Aquavana Thermal Suite on the East Coast, a restaurant with award-winning, healthy, gourmet selections, massages, an on-site integrative medical team, and 70,000-square-foot spa and wellness facility.

Residents also have exclusive access to private resident elevators and four sparkling pools, including two-rooftop pools atop the North Tower and Spa.

Canyon Ranch pioneered the evolution of the wellness lifestyle and has been an industry leader for over 30 years. Operating the world's most celebrated collection of life-enhancement properties, Canyon Ranch has destination health resorts in Tucson, Ariz., and Lenox Mass., and Canyon Ranch Hotel & Spa in Miami Beach, the nation's first luxury wellness hotel and residential community.

Canyon Ranch also operates SpaClub facilities at The Venetian & The Palazzo in Las Vegas, and Canyon Ranch SpaClub at Sea onboard Oceania Cruises and Regent Seven Seas Cruises, as well as Cunard's Queen Mary 2 luxury ocean liner. Canyon Ranch has been named the "Healthiest Spa in America" by Health magazine as well as the "Best Spa for Food" by Gourmet magazine. In addition, Canyon Ranch is the only 11-time recipient of the Conde Nast Traveler Best Destination Spa Award and was recently recognized by readers of Travel + Leisure to hold three of the top 10 spots in the magazine's World's Best Awards 2010 for Destination Spas.

CONTACT:  Julie Talenfeld
1-954-370-8999
jtalenfeld@boardroompr.com

SOURCE Canyon Ranch Living Miami Beach