February Real Estate Stats Are in for Miami Dade County
In Miami-Dade County, condo sales and dollar volume increased in the first week of February. Volume for the week rose to $232 million which is up from $159.5 million from January 2022. Units sales increased from 210 to 259 units. The average condo price also rose from $759,000 to $896,000 in just one week.
The top sale for the first week of February was none other than a Palazzo Del Mare unit on Fisher Island. Sold at $21 million, which equals $2,874 per square foot. This property is considered the highest closing on Fisher Island this year.
The unit located at the Palazzo Del Mare unit 7153, features 5 bedrooms, 5.5 bathrooms, a terrace, a playroom, and a conference room spanning over 7,025 square feet. It also has a private 2-car garage on the parking level of the building and a private cabana near the pool.
Seller for the unit, Igor Olegovich Nesterenko, is a businessman in the meatpacking industry from Moscow. The buyer for this property is listed as Fana Fisher Palazzo 7153 LLC, which is managed by a trust in Bellevue, Washington.
For the second week in February, condo sales and volume fell slightly for Miami-Dade. Volume reached $148 million with sales totaling 206. The average condo price also fell to $719,000 from the $896,000 that was in the first week.
The top sale for this week included that of Oceana Bal Harbour. The unit located at 10201 Collins Avenue unit 2401 sold for $10.5 million equaling $2,630 per square foot. The sellers for this property include Tatiana Zorina and Kirill Stadnikov and the buyers are listed as Andrew and Jacqueline Africk.
This corner unit on the 24th floor of Oceana features gorgeous views of the ocean and the Miami skyline. The open-concept living areas flow effortlessly throughout with floor-to-ceiling glass windows. The 3 bedrooms showcase marble bathrooms and European cabinetry. This unit also features a private elevator foyer, powder room, 3 parking spaces, and storage space.
Miami-Dade County real estate has been steadily increasing month over month. In December 2021, we saw an 18.6% increase in condo sales with a 100% increase for luxury condo properties. We are excited to see what’s in store for Miami real estate.
Mast Capital Unveils Plans for a 3 Tower Development in Brickell: Cipriani Residences Miami
Another development has just been announced and this one is massive. Coming in at 2.6 million square feet, plans for this 3 tower development in Brickell have been revealed: Cipriani Residences Miami. Developer, Mast Capital paid $103 million mark this transaction as one of the largest in Miami-Dade in 2021.
Mast Capital’s proposal for the site involves a master-planned development that will comprise of 400-unit condominium tower and two more high-rises totaling 850 premium apartment rentals, created in collaboration with Rockpoint Group.
The property located at 1420 S. Miami Ave, has been inactive for over 15 years following two failed development initiatives. This property is one of the last remaining raw pieces of land accessible in the vicinity to undertake a project of this magnitude.
Development Information:
One 80 story condo tower
Two multifamily towers (one at 50 stories and one at 60 stories)
1,250 residential units
400 condo units
850 rentals
1,650 parking spaces
Ground floor retail
For this specific project, Mast Capital has partnered with a private real estate equity firm, Rockpoint, which will be responsible for the multifamily component. Mast Capital will be utilizing MSD and CanAm for financing. Arquitectonica will be the architect for the proposed tower.
The developer is expecting a sellout of approximately $1 billion. The groundbreaking is anticipated for the end of 2022 with a top-off date in 2025.
Rooftop Cinema Club is Coming to South Beach
Designed by Emily Woodall
Set to debut this spring will be the first rooftop movie theater in Miami, offering a new experience to the film business. Rooftop Cinema Club is located at 1212 Lincoln Road in the center of Miami Beach, offering spectacular views not only on the big scene but of the city from every angle.
This isn’t the only rooftop movie theater of its kind! Rooftop Cinema Club has locations in New York, San Diego, Houston, Los Angeles, and London. Rooftop Cinema Club South Beach will debut with an 18-and-up age limit, with the possibility of more family-oriented movies in the future.
Guests will be able to view some of their favorite films from golden hour till dark, with several screenings taking place every day. The theater will screen a mix of genres, including old-school classics, cult films, and new releases. The programming schedule includes films such as Mean Girls, Dirty Dancing, 10 Things I Hate About You, and Pulp Fiction.
Guests will be able to enjoy all of the theater’s iconic movie snacks as well as a customized food and beverage menu
As far as seating, you will have the ability to choose between a single lounge seat or an Adirondack chair for the movie. A massive LED screen gives the film’s crispest video, combined with wireless headphones for great audio and each guest’s preferred volume level.
According to Rooftop Cinema Club’s website, they are much more than just a movie theater. The brand has evolved to include a social and outdoor component that will leave you with an unbelievable experience. You will not want to go back to the standard movie theater!
Another Fisher Island Condo Sold at $21 Million
After spending 5.5 years on significant renovations and imported furniture, Igor Olegovich Nesterenko, a businessman in the meatpacking industry from Moscow, sold his Fisher Island property for $21 million.
The unit located at the Palazzo Del Mare unit 7153, features 5 bedrooms, 5.5 bathrooms, a terrace, a playroom, and a conference room spanning over 7,025 square feet. It also has a private 2-car garage on the parking level of the building and a private cabana near the pool.
Nesterenko spent the 5.5 years refurbishing the condo because Fisher Island only allows for roughly half of a year’s time for construction due to noise restrictions.
Furthermore, much of the furniture was purchased from abroad and was rather large and proved difficult to ship overseas. The bathtub in the master bedroom was fashioned from a solid block of Greek White Thassos marble and was carried into the apartment using a crane. The majority of the furniture was also brought by crane since it was too large for the elevator.
The 7,025-square-foot Unit 7153 located at Palazzo Del Mare was sold to Fana Fisher Palazzo 7153 LLC, managed by a trust in Bellevue, Washington purchased the condo for $21 million equals $2,989 price per square foot.
The trust is under the umbrella of the Fana Group of Cos., a real estate corporation located in Bellevue led by Chairman and CEO Firoz Lalji.
The apartment was designed by Augusto Busnelli of Milan, according to Flikshteyn. The previous owner spent around $10 million on upgrades. The property was last sold in 2011 for $8.3 million.
The Palazzo Del Mare was built in 2007 and with an expansive amenity package including a 9-hole golf course, 18 tennis courts, a marina and yacht center, a gourmet market, 8 restaurants, and Spa Internazionale. A Fisher Island Day School and a mile and a half of pristine beaches.
Fisher Island, America’s wealthiest zip code, is a 216-acre barrier island located across Government Cut from Miami Beach. Fisher Island condominiums are in a class of their own when it comes to ultra-exclusive living in South Florida.
The island, which can only be reached by ferry, boat, helicopter, or seaplane, provides unrivaled protection. All visitors to the island must first be checked by security at the Fisher Island port.
Most Romantic and Unique Miami Restaurants to Book this Valentines Day
With Valentine’s Day falling on a Monday this year, you’re probably trying to decide what day to celebrate this year’s romantic occasion. While we can’t help you choose the day, we can help with dinner!
This year we have compiled some of the most unique and romantic restaurants that we love and that we think you’ll love too.
Sexy Fish
Sexy Fish’s menu is a work of art, featuring classics influenced by Asia and Japan. Bjoern Weissgerber, the Chef Director, has produced delectable dishes such as Duck Salad, Smoked Tuna Belly, Black Cod, King Crab, Bone Marrow, and crispy Eringi Mushroom. Don’t miss the Sexy Gold Fish or Crispy Caviar with gold-flake sea bass marinade. There is also a large wine and champagne selection, as well as unique cocktails such as Chocolate and Wine, Yuzu, and Elderflower.
Sexy Fish, designed by SeaVisions, exudes an aquatic ambiance with a big-lit fish tank that spans the wall of the private dining room and serves as the restaurant’s focus. Throughout, you’ll find stunning artwork by Damien Hirst as well as 26 bespoke fish lights designed by Frank Gehry. Click here to make reservations or browse the menu.
ZZ’s Sushi Bar
ZZ’s Sushi Bar menu includes classic tuna and salmon selections, as well as unique salads and Wagyu meat. ZZ’s also has the greatest assortment of Wagyu beef in the country. Don’t miss out on one of their most well-known specialty dishes, the Caviar Temaki.
The first level is bursting at the seams with bentwood banquettes, sculptural, handpainted finishes, and animal print rugs. Every surface is adorned with antique furniture and brass lights. The terrace is dubbed a “tiki bar on acid,” with wicker furniture and banana prints complementing the futuristic building.
Although ZZ’s is advertised as a member-only restaurant, there is an optional invite-only membership available, so as long as you can secure a reservation, you may enjoy all of the amenities that a member does! Click here to make reservations or browse the menu.
Carbone
Carbone has become a South Beach neighborhood mainstay in such a short time, thanks to its exceptional food, retro-style French décor, and landmark location. Raw-bar platters with stone crab claws, crab knuckle sandwiches, spicy rigatoni, or veal parmigiana are some of our favorite menu items.
The sumptuous Ken Fulk design, as well as the Captains dressed in Zac Posen tuxedos, guide clients through menu selections, and salads are produced tableside for the entire Carbone experience. The atmosphere continues with intimate tables, low lighting, and classic French and Italian music playing. Did we forget to say it’s Michelin-stared? To make a reservation or to browse the menu, click here.
Elcielo
Located in Brickell, Elcielo features modern yet classic Colombian dishes. Chef Juan Manual Barrientos uses an avant-garde approach to cooking the signature Latin dishes. Barrientos utilizes small and medium plates that feature avocado tempura, Colombian Arepas, Tuna Tartare, and Yuca Gnocchi.
The delectable food is served with breathtaking river views and stylish décor enhanced with flora, leather, and wood. Private dining experiences for couples or groups are provided in VIP lounges. The Experience menu will have more than 22 moments.
The Waterfront Terrace is great for special occasions and gatherings. Enjoy our a la carte food and beverages while listening to upbeat music, surrounded by palm trees and flora, the breeze, and river views. Check out the menu or make a reservation here.
Cote Miami
Executive Chef David Shim, a native of Seoul, South Korea, is responsible for the one-of-a-kind masterpieces at Cote Miami. Shim acquired expertise and recognition in New York City at Gramercy Tavern, Veritas, and L’Atelier de Jol Robuchon. Chef Shim’s specialty dishes include 45-day USDA dry-aged beef, delectable side dishes, stunning slices of Korean beef, and a Steak OmakaseTM experience. Other menu items include East/West Coast Oysters, Maine Lobster, caviar service, steak tartare, and Korean bacon.
COTE Miami has a 100-seat dining room with interactive smokeless state-of-the-art tabletop grills at each dining table, a dry-aging room, and two private dining rooms. The setting is intimate and pleasant, and the meals are incredibly innovative and awe-inspiring! Click here for their full menu or to make reservations.
Sixty Sixty Condo Hotel Sold to Miami-Based Investment Group for $24 Million
In a previous foreclosure fight among owners and developers, the Sixty Sixty condo-hotel in Miami Beach has been sold for $23.5 million to a buyer who intends to repair as well as add to the waterfront development.
The 82-key condo-hotel is located at 6060 Indian Creek Drive along an inlet off of Biscayne Bay but also features views of the ocean. Integra Investments along with Sagar Desai’s Activate Hospitality sold the property to Bloom Hotels, under the umbrella of Bloom Ventures. The founder and CEO of Bloom is David Harari, who is located in Miami.
The CEO of Integra Victor Ballestas stated, “ripe market conditions created an opportunistic circumstance for the sale,” after stating he had no intention of selling the development.
The Schecher Group originally sold a majority of the units in 2020 to Integra and Activate for $15 million, then later bought the rest of the units in 2021. The company was then accused of a takeover although Schecher stated that the unit owners owed $9.4 million in homeowner association fees.
Bloom Hotels utilized Sheridan Capital to finance the property for a loan of $17.3 million. There have been talks of Bloom increasing the room count and bringing Canopy or Tapestry (Hilton brands) to assists with operations. Some plans include modernizing the property as well as adding a marina to the development.
Sexy Fish Miami Opens its Doors with a Grand Opening Celebration
Sexy Fish has finally opened and we had a front-row seat to the culinary experience. February 3rd marked the formal opening of the iconic London-based restaurant’s first United States location. From sophisticated decor to delectable cuisine, we have the details that will make you want to book a reservation now!
The brainchild behind the London-based restaurant, Richard Caring first opened the restaurant in 2015 in the affluent Mayfair district of London. The location and style draw in celebrities, notables, and stylish crowds alike. Caring also owns many of London’s most celebrated restaurants including, The Ivy, Scott’s, and 34 Mayfair. He has also played a hand in the development of the globally renowned private member’s club, Annabel’s.
The interior designers of Sexy Fish along with Martin Brudnizki Design Studio thoughtfully one of the most photogenic restaurants in Miami. Designed by SeaVisions, the large illuminated fish tank is the centerpiece of the restaurant spanning across the wall of the private dining room. Throughout you’ll see gorgeous artwork but Damien Hirst and 26 custom fish lamps created by Frank Gehry.
The menu itself is a masterpiece with classics inspired by Asia and Japan. The Chef Director Bjoern Weissgerber has created appetizing items that include Duck Salad, Smoked Tuna Belly, Black Cod, King Crab, Bone Marrow, and crispy Eringi Mushroom. Don’t miss the Sexy Gold Fish or Crispy Caviar that is marinated with gold-flake sea bass. There is also an extensive wine and champagne list with signature cocktails including Chocolate and Wine, Yuzu, and Elderflower.
The opening night included a private performance by Mary J. Blige with notables Dan Mikesell, Pepe Gonzalez, Kathryn Mikesell, and David Castillo. With ‘healing DJs, mermaid dancers, late-night entertainment, and thematic entertainment, the opening night was a success!
Reservations are booking quickly with a month out for the next reservation. To inquire about bookings and additional information, click here.
St. Regis Residences Miami Releases Tower Amenities and Residence Features
In December 2021, developers, The Related Group and Integra Investments announced the newest twin condominium towers, the St. Regis Residences Miami. Since then, little information about the project was released but today the tower amenities and residence features are officially out and they are impressive!
On a beachfront affordable housing site at on 1809 Brickell Avenue, the St. Regis Residences will rise 47 and 48 stories tall. The site itself will span over 3.16 acres with over 50,000 square feet of amenities.
Tower Amenities
40,000 square feet of amenity space
On-premises ground floor, fine dining restaurant
Exclusive beach club access
Park-like grounds and lush terraces
State of the art media room
Business center with coffee bar and conference rooms
Children’s entertainment room
Teen video game lounge
Programmable golf simulator
Salon equipped for all beauty services
Pet spa, grooming and dog walking services
Private, secure climate controlled storage
Private marina
Fully equipped fitness center
Relaxation and juice bar
Indoor lap pool and cold plunge pool
Pilates and yoga studio
Salt spa room
Dual saunas and steam rooms
State of the art treatment room
Bayfront infinity pool and whirlpool with private cabanas
Poolside bar and cafe
Bayfront garden with seating area
St. Regis Butler service and in-room dining
St. Regis housekeeping services
St. Regis global membership privileges
31st Floor Sky Lounge
Double-height bar and lounge with water views
Signature St. Regis Cognac Room
Traditional St. Regis Tea Room
Billiards room
Catering Kitchen
Technologies
Keyless residential entry
Smart home climate and lighting control systems
State of the art fiber optic WI-FI service throughout residences and amenities
Easy to use St. Regis residents-only app
The luxury units are expected to range from 1,300 to 7,000 square feet with prices starting at $2 million with 354 available units.
The Residences
Private elevator and entry foyer to each residence
Double door entry in select residences
11 foot ceilings with integrated linear diffusers in living areas
Custom European marble flooring throughout
European solid wood doorways
All homes feature a powder room and laundry room
Integrated smart home technology
Kitchens
Gourmet kitchen with custom Italian cabinetry designed by Rockwell Group
Marble countertops and backsplashes
Fully-integrated Sub-Zero and Wolf appliance packages, including:
Paneled refrigerator
Paneled freezer
Full-height wine refrigerator
Convection oven
Steam oven
Microwave
Dornbracht fixtures
Primary Suites and Bathrooms
Oversized walk-in closets
Midnight bar and butler’s pantry
Split marble top vanities with Dornbracht fixtures
Oversized marble showers and free-standing bathtubs
Private water closets with Toto toilets
The same architect who designed 220 Central Park South and 30 Park Place in New York will be the designer for this twin tower 354 unit development, Rober A.M Stern Architects. The interiors will be designed by the Rockwell Group, a New York-based design firm that is also responsible for NEMA and Treehouse Hotel.
Related and Integra expect a $2 billion sellout once the St. Regis Residences have been completed. The sales center is expected to launch in 2022 simultaneously with the sales. The ground breaking is expected to occur in 3rd quarter of 2022.
830 Brickell Tower Brings Big Names to Miami’s Financial District
As more tech companies and their execs flock to Miami, another quintessential tower is making a name for itself in the Brickell Financial District with new commercial leases and a lot of them are prominent names! 830 Brickell will soon be home to a massive technology and aerospace companies and we cannot wait to see what other companies decide to lease space.
AerCap, an aviation company recently signed a lease for 20,000 square feet at 830 Brickell with their headquarters currently in Dublin, Ireland. AerCap has leased the entire 50th floor.
According to the developers Cain International and OKO Group, “Attracting a global company like AerCap is precisely what we envisioned when we decided to develop this best-in-class office tower in the Brickell Financial District.”
Other companies that are joining AerCap include CI Financial and Microsoft. CI Financial, a Canadian Asset Management Firm signed a lease for 40,000 square feet between floors spending over the 48th and 49th floors. Microsoft is also leasing 50,000 square feet.
Rent for 830 Brickell starts at $100 per square foot.
About 830 Brickell
830 Brickell is a 55 story Class A office tower located in the Brickell Financial District. Developed by OKO Group and Cain International, the tower was designed by Adrian Smith + Gordon Gill. Interiors have been designed by the Italian architecture company, Iosa Ghini Association.
830 Brickell totals 650,000 square feet.
Amenities for 830 Brickell include street-level retail, cafes, outdoor terrace, conference facility, health and wellness center, and rooftop bar/restaurant. The tower also offers unlimited Biscayne Bay and downtown Miami views.
OKO Group and Cain International are also responsible for Una Residences and Missoni Baia, residential towers in Miami. Missoni Baia has already reached 90% sold. Una is currently scheduled for completion in 2023.
830 Brickell is scheduled to be complete by the end of 2022.
