More condo developers in Miami are elevating the quality and variety of fine art in their most luxurious buildings, with some engaging artists for site-specific commissions.
On the heels of Miami Art Week/Art Basel, these developers are likely hoping their art portfolios attract high-net-worth individuals to the developments, with some possibly purchasing a condo.
According to Miami-based public relations firm Zakarin Martinez, condo developments Marea and Ocean One feature commissioned artwork by Riccardo De Marchi, Markus Linnenbrink, Michele Oka Doner and José Bedia. The works area features in the lobby and common areas.
Developed by Mast Capital, Louver House has commissioned Michele Oka Doner to craft custom pieces within the 12-unit property’s sunken lobby gardens.
Strider, Salacia, Colossus by Michele Oka Doner.
Michele Oka Doner is also a featured artist on display at Park Grove, along with Ruben Toledo and Jaume Plensa. The latter’s installation comprises three internally lit, color-shifting human figures, each cast in resin and sitting atop 25-foot stainless steel poles.
Two mirroring condo developments, Brickell Heights and SLS LUX Hotel & Residences Brickell, both feature two large-scale, co-extending murals created by contemporary Argentinian artist Fabian Burgos. Described by the artist as “giantography,” the large pieces will utilize intense color and vibrant geometric compositions.
Argentina accounts for the largest percentage of Miami’s foreign investor base. According to a report from ONE Sotheby’s International Realty, Cuban investors are the second most active foreign group in the metro.
ONE Sotheby’s notes there are 1,085 ultra high net worth individuals that call Miami home. These individuals possess an average wealth of $185 million.
