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MIAMI-The Aston on Coral Way, a 15-story, 226-unit luxury condominium project in here has been completed and the tower has acquired a temporary certificate of occupancy.

The Aston is located at 3000 S.W. 22nd St. (Coral Way), in an up-and-coming neighborhood five minutes from the Brickell financial district and Coral Gables along the newly revitalized Coral Way corridor.

The project has one- and two-bedroom condominiums priced between $166,000 and about $300,000, nearly $20,000 less than some nearby developments. Buyers have been able to take advantage of residential mortgages with 95% to 100% financing available through Union Planters Bank.

BAP Development was the project’s developer. The Aston was built by Bovis and designed by Bermello, Ajamil and Partners.

At one time, the Aston was scheduled to be finished in May, but the project was completed in July and buyers are currently moving in. The Aston is ready for immediate occupancy, and according to Javier Cervera of Cervera Realty, the project’s sales director, the Aston has been popular because of that immediacy.

In addition, buyers are attracted to the Aston because it is affordable to own and offers an alternative to renting, according to a spokesperson for the project.

“We are confident that we have delivered a property that is unparalleled in comfort, convenience and price,” says Willy Bermello, president and CEO of BAP.

In addition, the project has released 18,432 sf of space for purchase or lease. Purchase prices are $250 per sf and leasing costs are $25 per sf, plus expenses for retail space. The developer is emphasizing flexibility for tenants, such as cafes, shops and services, that may choose to locate there.

The Aston’s residential units are about 50% sold and the retail portion is about 70% leased at this time.

Amenities include 24-hour security and valet and concierge services. Also, a pool, recreational deck and fitness center overlook Biscayne Bay and Coconut Grove.

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