Two Big New Miami River Projects Gearing Up to Launch Sales

Chetrit Group's Miami Riverwalk.

Chetrit Group’s Miami Riverwalk.

The Chetrit Group and Coto family are preparing to launch residential sales for their respective projects not too far from each other on the Miami River. Real Deal heard from Chetrit’s attorney Melissa Tapanes Llahues that the ginormous megaproject, tentatively known as Miami River or Miami Riverwalk, will launch condo sales “in a couple of months.” Fortune International Group will be the brokerage. Tapanes Llahues also said a “very cool” hotel brand will soon be announced for the four-towered colossus.

Meanwhile, over on the $100 million acre, the three-level former Epic East sales center is not being demolished as everyone thought, just gutted and converted to a new sales center. The Coto family is spending a whopping $820,804 on the redo, creating what looks to be one hell of a showcase for the new tower from pictures over at The Next Miami. The future building doesn’t have an official name yet, but everyone has been informally calling it ‘Lighthouse Tower.’ Update: The tower being developed by the Coto Family has officially been named Aston Martin Residences. It will include 391 ultra-luxury condo residences.

Meanwhile Out in the Suburbs, Terra’s Modern Doral is 90% Sold

Photos courtesy Terra Group.

Photos courtesy Terra Group.

Even with all the action these days around urbanization and density and condo living, Miami still has suburbs and exurbs, and big single family houses are still selling mighty well out in SUV country. The Terra Group’s Modern Doral, for example, a planned community of 319 single family homes at 74th street between 94th and 107th Avenues, is now 90% sold according to the developer, with both construction and closing expected to be completed in 2017.

From the press release:

Modern Doral is comprised of three subdivisions, each featuring a different architectural style. Residences include between 4-6 bedrooms and vary in size from 3,100 square-feet to 4,500-square-feet. Each home offers open floor plans with 10-to-12-foot ceilings, 2-3 car garages, panoramic windows, balconies, and lush tropical landscaping. Prices range from $860,000 to $1.5 million.

Amenities at the gated community include 24-hour security, public green spaces, and clubhouses with fitness centers, children’s playrooms, libraries, business centers, family barbecue areas, and resort-style pools.

Pharrell Williams Finally Sells His Toy-Filled, Domed Penthouse at the Bristol Tower for $9.25 Million

Pharrell Williams' Penthouse at the Bristol Tower.
Pharrell Williams’ Penthouse at the Bristol Tower.

After three and a half years on the market, broker Dora Puig of Luxe Living Realty has finally sold singer Pharrell Williams’ incredible Brickell Avenue penthouse, at the Bristol Tower, for $9.25 million. Full disclosure: Miami Condo Investments is under the umbrella of Luxe Living, so go boss! We’re proud of our own, yo. The Journal just broke the story. The ten thousand square foot pad takes up the entire top of the building, with an incredible triple-height living space under the building’s massive dome. Mr. Williams had it artfully decorated with toys galore, from his many projects including Minions, and things he loved, with an obviously personal touch. It includes a home theater, five bedrooms, and a rooftop pool.

The unique design of the whole condo was obviously personal too, which is undoubtedly one reason why it took so long to sell. And yes, Pharrell did take a financial hit on the place, having purchased it for $12.525 million at the height of the last real estate bubble. But Dora did it! After an original ask of $16.8 million under another broker, a price that Curbed expressed skepticism about when I was there (Dora originally listed it for $10.9), and multiple price cuts, she clinched the sale.

On Saturday it Rained, No it Poured, Patio Furniture in Miami

Raining Furniture in Miami

During the storms over the weekend patio furniture rained over Biscayne Boulevard and Downtown Miami. And we’re not talking one or two pieces, we’re talking entire patio sets picked up by the wind from condominium balconies along the Boulevard and strewn across the city, Museum Park, and Biscayne Bay bellow. YouTuber Eric C took two incredible videos from Marina Blue in Downtown Miami, recording furniture flying off of neighboring buildings to the street below. According to the New Times/Wunderground, the highest wind gust recorded in Miami on Saturday, the day the videos were taken, was 37 mph, but that was at Miami International Airport. Isolated wind gusts along Biscayne Boulevard may have been higher; as high as 55 or 60, which sounds plenty fast to pick up a plastic patio set.

Of course if Eric C had joined it, then it would be raining men, and that would be a sight. Hallelujah!

Thor Files Plans for Sexy Touzet-Designed Retail at Design District Post Office Site

Rendering of 70 NE 39th Street

Rendering of 70 NE 39th Street

Thor Equities has filed plans for the former 1950s/60s era post office site in the Miami Design District (not the nearby Buena Vista Post Office, also in the Design District, which is historically designated ad home to the tacky AF Billionaire Italian Couture) says Real Deal. The property is located at 70 NE 39th Street. The design for the entirely new building, by homegrown Touzet Studio, though simple and rather restrained, is quite sexy. It has two floors of retail as well as a Design District-appropriate roofdeck, with room for approximately six retail tenants based on demand. “The proposal even includes details of the landscaping” says Real Deal “which will be adorned with silver buttonwood trees, gumbo limbo trees and ‘graceful bamboo.'”

The Future of Parking in Miami

The New World Tower mechanical parking garage. Photo via Flickr/ dms_archi_mia_nwt_15

The New World Tower mechanical parking garage. Photo via Flickr/ dms_archi_mia_nwt_15.

Miami is taking baby steps away from being a city of cars, to a city of mass transit, density, walkability, and pedestrians. A key element of that is parking. The Real Deal explores the topic in an intriguing piece:

Behind the scenes a seismic shift among some developers and public officials is underway as they try to distance themselves from Miami’s notorious car-dependency in favor of a more urban and walkable city.

 

A Bay Walk Could Finally Extend Behind the AA Arena

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According to The Next Miami the City of Miami is designing a bay walk to extend behind the AmericanAirlines Arena in Park West, perhaps even finally opening up Parcel B, which for years has been closed to the public even though it was set aside years ago as a city park. Commissioner Ken Russell supposedly told The Next Miami:

The details/layout of the proposed design will complement what was already constructed at Museum Park. Scope of work will include lighting, benches, trash receptacles and bike racks, installation of pavers, landscaping, irrigation, and drainage improvements along the seawall. The City just received 90% design plans for review and approval.

Although this definitely looks like a project the commissioner would undertake (one of his chief aids, Eleazar David Melendez, was even substantially involved in the effort to realize Parcel B to as a public park) it is a little strange that the first official announcement of it would come with a quick quote and highly incomplete set of plans published on The Next Miami. A request has been submitted to Russell/Melendez for comment.

A Jockey Club Divided Upon Itself Will Not Stand

Rendering of Apeiron at the Jockey Club.

Rendering of Apeiron at the Jockey Club.

The Jockey Club, decades ago a bastion of swank in North Miami, and now a faded collection of three condo towers whose chief asset is its large piece of land, has split into factions over a proposed fourth and fifth towers on the property, with lawsuits flying according to the Real Deal. The two new 40-story towers, collectively ,known as Apeiron at the Jockey Club and being developed by Horst Schulze, Michael Bedner and Muayad Abbas, are to contain 90 hotel rooms and 240 condo units, with the condos receiving services from the hotel portion. Designed by Pritzker Prize winner Rafael Moneo, Apeiron is bringing the Jockey Club’s old fabulousness back.

Here’s the skinny: associations of Jockey Club I and II aren’t happy that some of their expansive and empty common grounds are to be used for the project, while the Jockey Club III association has thrown its support behind the Apeiron project. I and II say that if Apeiron takes control of the common lands, maintenance will be neglected until construction starts, and that III has stopped making maintenance payments, while III says maintenance is already a mismanaged mess. I and II say that III has been paid off by the Apeiron developers to the tune of $10 million. And According to III’s website, yes they are getting all that money, and more.

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Monarc at Met 3, Above Downtown’s Whole Foods, is Done

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The new Whole Foods Market downtown is not so new anymore. It opened more than a year ago. The rest of the building, that is basically everything above the grocery store’s parking garage, however, is. That’s because the tower which is called Monarc at Met 3 was built in two phases. Downstairs first, and now upstairs has just been completed, announced Suffolk Construction, the general contractor to the property. The 32 story tower contains 462 rental apartment units accessed by a large lobby on the west side of the building. According to the Real Deal:

Units in Monarc at Met 3 range from studios to three-bedroom residences, or 620 square feet to 1,450 square feet. Rents fall between $1,930 per month to more than $2,334. So far, 25 percent of the units have been leased at an average price of $3 per square foot, according to Greg West, senior vice president of ZOM.

Ransom Everglades School is Buying La Brisa, the Spectacular Historic Mansion Next Door

La Brisa
La Brisa

One of South Florida’s most elite private schools, the 113-year-old Ransom Everglades, is nearly doubling the size of its Upper School campus in Coconut Grove with the purchase of the gorgeous, fantastically historic, and rambling old house next door, La Brisa. The school announced the sale today, saying they would close on the deal June 21st, but not disclosing the final price. It had been listed, however, for a reduced but still whopping price tag of $39,500,000.

The school released this statement, describing their intentions for the property:

Ransom Everglades School has reached an agreement to purchase the 6.9-acre La Brisa property adjoining its Main Highway campus with the goal of continuing to improve educational spaces for students while respecting the tradition-rich land and extensive hammock.

The pending purchase of the bayfront property has been made possible through generous donations and reflects the school’s longstanding ties to Coconut Grove and its history. The La Brisa land was originally deeded in 1886 to Kirk Munroe, a noted conservationist and founding member of the Florida Audubon Society.

“We can’t pass up the opportunity to buy this beautiful property,” said Ransom Everglades Head of School Penny Townsend. “The purchase will allow us to improve our facilities, add vital greenspace  and continue our long tradition of respecting, protecting and learning from the treasures of Old Florida and Miami’s precious coastal ecosystems.”

The purchase will allow Ransom Everglades to enhance educational experiences for students by providing additional access to the bay and a vast lawn shaded by lush tree canopies and dense mangroves. It will also enable the school to undertake a planned revitalization of the academic facilities on its original, century-old campus.

“Paul Ransom founded our school 113 years ago with a forward-thinking focus on taking care of the natural world,” said Eric Mendelson, chairman of the school’s board of trustees. “The current trustees are strongly committed to ensuring the vitality of the school for the next century, and the prudent addition of this neighboring property fits squarely into our long-term educational goals while also honoring Paul Ransom’s legacy.”

The school is scheduled to close on the purchase June 21.

The property’s old broker’s remarks lay out its extraordinary history. Note the original $65 million price tag:

William P.D. Pierce, a Property Specialist with Coldwell Banker Residential Real Estate’s Miami Beach Lincoln Building office, has listed La Brisa for $65 million, making it the most expensive residence currently on the market in Miami-Dade County. The historical Coconut Grove property offers a rare 6.9-acre tract of waterfront land that has not been subdivided since it was created in 1886, and a 1920s era estate home that has been lovingly restored.”This is an extremely rare opportunity to purchase not just part of Miami’s colorful history, but to own spectacular Hammock that rivals a private reserve in the heart of Miami’s famed Coconut Grove neighborhood, with 207 feet of waterfront on Biscayne Bay,” said Pierce. “As you pass through the front gates, it’s as if you are traveling back in time with a unique splendor unmatched by any property in South Florida, but yet, you’re still just steps from the restaurants and stylish boutiques of Coconut Grove.”

La Brisa is secluded behind a private gate in the heart of Coconut Grove, the “original Miami,” which has attracted business tycoons, artists, novelists and celebrities since the late 1800s. The oldest continuously inhabited neighborhood of Miami, today Coconut Grove is a laid-back enclave of sidewalk cafes, bars, boutiques, art galleries, lush parks and picturesque streets.

Amidst this hip and vibrant neighborhood, La Brisa is tucked away on 6.9 quiet acres and hidden from street view. The home features views of Biscayne Bay and the Atlantic Ocean across an expanse of well-manicured lawn stretching toward the mangrove-lined waterfront, which is accessible by an elevated walkway leading to an octagonal viewing deck over the bay. A protected 536-foot long canal, borders the northern side of property, and leads to a comfortable private port constructed by the current owner that accommodates a 70-foot yacht and offers direct ocean access.

The meticulously landscaped property is dotted with mature trees including towering centenary Canarian Date Palms, royal palms, royal poincianas, mahogany, oak and gumbo limbo trees, some which are nearly as old as the house itself, some much older, as well as a stately banyan tree that straddles the property and a hidden cobblestone path. The property also has a unique spring-fed pond nestled among a beautiful assortment of palms, trees and foliage.

The expansive residence sits atop an ancient coral reef approximately 23 feet above sea level. The home features 13,803 square feet “under air” plus an additional 3,338 square feet of outdoor living space including several picturesque balconies and covered porches, for a total square footage of 17,141. With 9 bedrooms, 8 bathrooms and 3 half-baths, the Mediterranean-style home’s unique architectural details include original woodwork on the upper-floor galleries, intricate keystones above the entryways that have been carefully restored, arched doors and windows, and an assortment of wrought-iron and wood balconies providing vistas of both property and water.

The light-filled home is accented with original Dade County Pine beams set against crisp white ceilings and walls; natural wood floors of ipe, Brazilian teak and original pine; elegant arched windows and doorways; and floor-to-ceiling windows that open out onto the patio. Nearly every room flows into an outdoor space, whether it’s one of the many balconies or walkways, or through direct access to the pool patio. The four-car garage is a coach house with two bedrooms above.

The pool and sunken fire pit are surrounded by an expansive patio made from coral stone, which can easily accommodate a party of 250 for lavish outdoor entertaining. The property also includes a two-bedroom, Key West-style guest cottage with generous living spaces and a wrap-around porch.

La Brisa boasts a colorful history that dates back to the early settlers of Coconut Grove. The land was first deeded in 1886 to Kirk Munroe, a noted author of children’s adventure novels and books about Florida, and his wife Mary Barr Munroe. The Munroes included several well-known authors in their circle of friends, and were introduced to Florida by Munroe’s sister, who was married to the youngest son of Harriett Beecher Stowe, author of Uncle Tom’s Cabin.

Munroe played a pivotal role in the development and cultural establishment of Miami’s early days. He introduced the first legislation in Florida to protect an animal after an injured manatee washed onto the property, built South Florida’s first tennis court and hosted the first game of tennis in 1892, and founded the Biscayne Bay Yacht Club. During the Spanish-American War, Munroe supplied water from La Brisa’s spring—which still exists today and feeds a natural pool—was transported 120 miles south for the American troops anchored in Key West. Reportedly, a box of Florida orange blossoms from the Munroe property that was shipped to Henry Flagler convinced him to bring his railroad south to Miami.

The Munroes sold the land in 1920 to John B. Semple, a Pittsburgh lawyer, who tore down the existing wood-frame home and commissioned prolific architects Kiehnel and Elliott to build a “winter cottage,” which is now called La Brisa Kiehnel and Elliott were active in Miami from the early 1920s to the early ’40s and are known for their Mediterranean Revival style featuring pastel stucco walls, red-tile roofs, wrought iron details and elaborate accents along entryways, rooflines and windows. The firm was involved in the design some of Miami’s most notable period buildings, including El Jardin (now the Carrollton School of the Sacred Heart), the Coconut Grove Playhouse, the Bryan Memorial Methodist Church (now Bet-Ovadia Chabad of the Grove), and Miami Senior High School.

The property was later purchased by anthropologist Henry Field, a grand-nephew of the founder of the Marshall Field’s department store chain, and his wife Julia, who was a lion tamer and first curator of the Crandon Park Zoo.