Some of what a residence comes with sits outside its walls. At Faena Residences Miami, here is how those spaces are held, and why the declaration matters more than the floor plan.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
A Florida condominium like Faena Residences Miami splits the building three ways: the residence, which is yours; the common elements, which all owners share; and between them the limited common elements, common property reserved for one residence or a few. Terraces, storage rooms, private elevator landings, cabanas and parking spaces often fall here. The declaration decides which is which, and that decides who repairs and insures each space.
Faena Residences Miami: The homes are as the dossier records.
Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Some are fixed in the declaration to a named residence. Others are assigned by the developer during sales, by recorded instrument and often for an added price. Some declarations let owners trade an assigned space with notice to the association; others forbid it. Ask for the exhibit at Faena Residences Miami that lists your assignment. A storage room promised in an email is not assigned until the paper says so.
Faena Residences Miami: One- to four-bedroom residences plus River Lofts; interiors from 711 square feet for a one-bedroom per the June 2026 availability sheet; total residence count not in the filed materials.
A storage room at Faena Residences Miami comes with rules: what may be kept, with flammables usually barred; access hours; who holds a key; whether it is cooled. Contents are the owner’s to insure. Ask whether the room is caged or walled, above the flood line, and charged in the budget.
Faena Residences Miami: The amenity program is as the dossier records.
Many declarations charge the upkeep of a limited common element to the owner who uses it. Enclosing a terrace or adding heavy planters or a hot tub needs the board’s consent and often an engineer’s letter. At resale an assigned space normally passes with the residence; a separately sold one may not. The desk asks which spaces come with a residence at Faena Residences Miami, on which exhibit, and whether any can be sold apart from it.
If it is not in the exhibit, it is not yours. It is a hope drawn on a plan.
Developer materials for Faena Residences Miami as carried on the live dossier, verified September 2026. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
A private report on the Miami market, sent when there is something worth knowing. No noise, no listings, no pressure.
Received. A note from the desk is on its way. If it has not arrived within a few minutes, please check your spam folder and mark it as not spam, so we can reach you.
We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
Samuel Strauch is the owner of Metrik Real Estate. His team of agents represents buyers in Miami pre-construction.
A person replies within 24 hours, usually much sooner. On weekends, back on Monday morning.
