Aston Martin Residences Miami Exceeds 90% in Sales Breaking Records in January and February 2022
Developers for Aston Martin Residences Miami recently announced that sales continue to climb and there seems to be no stopping the upward direction of unit prices. Sales for this new tower have surpassed 90%, beating its own records for both January and February 2022.
According to Alejandro Aljanati, CMO of G&G Business Developments, the business behind the project in partnership with premium brand Aston Martin, January and February 2022 combined completed over $100 million in sales. There are more under contract leaving less than 40 units available for much anticipated luxury tower.
According to Aljanati with the tower 90% sold, “This is called scarcity and rarity. There’s no inventory. The whole building is increasing prices. So even if you bought an apartment six months ago, you will make a very good profit.”
The tower’s penthouse, which is the only triplex penthouse in an Aston Martin structure, has boosted its asking price from $50 million to $59 million as a result of the increasing demand. The purchase still includes the extremely rare Aston Martin Vulcan.
Units range from studio to 4 bedroom floor plans with square footage beginning at 698. River and Panoramic units start at $750,000 and rise to $8+ million depending on the floor plan and unit location. As for the Sky and Penthouse residences, units begin at $14 million reaching well over $50 million.
Development Information
Developer: G&G Business Developments
General Construction: Coastal Construction
Architect and Design Team: Luis Revuelta of Miami and Bodas-Miani-Anger of Argentina
Residence Features
Private service entrance at basement level for all move-ins and personnel
Bulthaup custom cabinetry in kitchens
White marble floors throughout the entire unit and porcelain in all balconies
Quartz countertops in the kitchen. Piatra Grey (Ceasarstone) or similar
Gagganeau appliances in all residences: (sizes depends on units)
Duravit wall-mounted toilets in all units throughout the building and bidets in select units
All bathrooms feature marble floorings and walls (Thassos or similar
Hansgrohe faucets in secondary bathrooms and exclusive Axor model in master and powder bathrooms
Italian Bertolotto doors with AGB hardware in all units
Wood-paneled front doors to residence with programmable smartphone technologies such as NFC and Bluetooth
Floor soundproofing system installed throughout all units including all bathrooms
Walls dividing units with corridors will be 10″ wide with layers of Quiet Rock improving soundproofing
German Schuco hardware on sliding glass doors
ThyssenKrupp “Destination Dispatch” elevator system from main lobbies getting passengers to their destination in the shortest travel time and enabling access only to their own floor for enhanced security
High-speed elevators going up to 1200 feet per minute
High-speed internet and Wi-Fi hotspots in all common areas
Cast iron pipes and risers avoiding Waterflow noises
Amenities
Full-service building with concierge and hospitality-inspired services
Super Yacht Marina facilities
“The Aston Martin Club” membership
Rooftop infinity pool located on 55th floor
Fitness Spa and Fitness Center with Meditation Room and Treatments Suites
Private Steam, Sauna, and Locker Facilities
Pet-friendly building
Building designed with a helipad on the rooftop
24-hour valet and covered garage self-parking
Valet charging stations for electric cars
Valet Butler
Additional bicycle and private storage spaces
10 destination controlled super hi-speed elevators and separate dedicated service elevators
Digital connection to concierge and all building amenities from every residence
State-of-the-art Business Center and Conference Rooms
Art Gallery and Art Lobby on 53rd floor
Private Residence Movie Theatre, Event Space, Kids Playroom, Teen Center, and Game Rooms
Virtual Golf
Beauty Salon with blow-dry station, pedicure chair, manicure table, and wash stations
Construction for Aston Martin Residences Miami is expected to be completed by the end of 2022. If you or someone you know have any interest in purchasing at Aston Martin Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
New-York Developer Proposes Two Super Tall Towers at Miami Worldcenter
New York-based developer, Naftali Group, recently announced their plans to build two residential buildings at the Miami Worldcenter. Naftali is entering the height of the Miami construction boom where the demand for residential units is so great, that they hope to relieve some of the market stress with this new development.
The proposed site located at 1016 Northeast Second Avenue expands over 44,500 square feet which will include retail, co-working space and residential units. The Naftali Group paid $40.5 million for the property after the seller, Akara Partner paid $18.8 million in July 2020. The deal has been in the works since last year.
Pre-sales for the two ‘supertall’ towers are planned to begin by the end of the year. Naftali has stated they they are not sure whether that the project will include condos, apartments, or both.
In a statement released by the developer, they have be actively looking at sites in Miami for the past 9 months and the owner believes the property is “a truly unique opportunity to develop in the downtown Miami urban core.”
Additional details about the development will be released in the next few months.
Naftali Group has also purchased an 8,227 square foot lot on Eleventh Street across from the Metromover Station. This lot will allow a project up to 1.3 million square feet. Naftali Group has a mixed portfolio including 37 residential project totaling $12 billion in value.
The Miami Worldcenter is designed around several projects which encompass residential towers, commercial properties, entertainment, and retail that spans 27 acres.
Miami NFT Week is Here and Here are all the Details
Beginning on April 1st, NFT enthusiasts will descend upon Wynwood for Miami NFT Week. For 3 days, 250 lecturers, experts, and over 3,000 crypto fans will come together for discussions, presentations, and games all centered around NFTs.
According to the Miami NFT Week Co-Founder Gianni D’Alerta, “We are the kickoff event for Miami tech month. The main idea of the week is to really just celebrate NFTs and its culture because it’s beyond blockchain and tech.”
The event will take place from April 1st through the 3rd at the Mana Wynwood Convention Center. Mayor Francis Suarez, Mark Cuban, and VaynerNFT President Avery Akkineni will be among the presents for the event.
Mayor Suarez states, “As these technologies continue to evolve, Miami NFT Week is the perfect launchpad for developers, trading platforms, crypto projects and all of the Discord communities to come together and exchange ideas to support the growth and understanding of the technology.”
NFT week will come right before one of the largest cryptocurrency events in the world, Bitcoin 2022. Founders of NFT week hope to build and be as large as Bitcoin 2022.
Here is the timeline of events:
Day 1- Friday April 1, 2022
09:00 AM Opening Welcome & Introductions
09:10 AM Welcome/Importance of Miami Tech Month
09:40 AM A Voyage Through Vayner NFT
09:45 AM Building Value On-Chain
10:15 AM Tradestation – Fireside Chat
10:45 AM Take the NFT Trip presented by Tripsters
11:00 AM The Secret to NFT Utility
11:30 AM Digital Future of Miami
11:40 AM Music is the strongest form of magic
12:00 PM Web 2 You Vs Web 3 You
01:00 PM Lunch Break
02:05 PM How NFT’s are Building New Economies
02:35 PM Fireside Chat
02:50 PM Protecting your Intellectual Property / Data
03:25 PM Disrupting Real-estate through Blockchain
03:40 PM What’s in Your Wallet
04:10 PM Marketing Entertainment NFTs & how their funded
05:15 PM Fire Side Chat
07:00 PM After Party
Day 2-Saturday April 2, 2022
09:00 AM Welcome to Miami NFT Week – Day 2
09:10 AM Founding Fathers of Miami NFT Week
09:30 AM Wax onchain Wax offchain
09:50 AM Why Web 3 Matters?
10:20 AM Beach Bums Vs Exotic Apes
11:05 AM The Digital Revolution: From Gaming to Commerce
11:35 AM Gamification Expert / Metablox Founder
11:55 AM Would you buy a home in the Metaverse?
12:25 PM Why Web 3 Matters
02:00 PM Fireside Chat with Special Guest
02:50 PM Future of Metaverse Marketing of Brands
03:05 PM How Blockchain Innovation Leads to Successful Projects
03:35 PM More than Skin Deep Fashion & Beauty in Web 3
04:05 PM How Blockchain & NFT’s Disrupt Art, Games, Music
04:35 PM Impact of NFTs on the World
05:05 PM Redefining Fandom
05:40 PM Marketing your NFT project
07:00 PM After Party
Day 3 Sunday April 3, 2022
02:10 AM Blockchains Change the Game
09:00 AM Welcome to Miami NFT Week Day 3!
09:30 AM LATAM Building Value for your Community
10:00 AM Presentation
10:15 AM Leveraging Tokenomics for HODLers
10:50 AM How to DYOR before Investing in NFT’s
11:25 AM Don’t Fall for the FOMO
12:00 PM More than a Drop: Building Brands through NFTs
12:30 PM Fine Art Finds Art
01:00 PM Lunch
02:40 PM Venture Onchain
03:15 PM How We Built It
03:45 PM Just DAO it
04:15 PM Let the Games Begin
04:45 PM Gaming Sports VC PFP Crypto IP Fin EDU
05:20 PM When Web 2 & Web 3 Collide
07:00 PM After Party
For more information on speakers, travel information, and tickets click here.
Tech Giant Sells Miami Beach Mansion for $26 Million
David Centner, a successful inventor, and technology entrepreneur recently sold his waterfront mansion in Miami Beach for $26 million. Centner is known for his development of the Highway Toll Administration, Erase.com, and now he and his wife head a private school located in Wynwood.
The home located at 5465 Pine Tree Drive is sited on 21,156 square feet with 125 linear feet of water frontage along the Intracoastal Waterway canal. The mansion was built to resemble an Italian Mediterranean home with a majority of the finishes hand-made in Italy, right down to the teal roof tiles.
The home features 10 bedrooms, 14 bathrooms, 12-foot ceilings, marble floors, and hand-crafted solid wood cabinets imported from Milan. In addition, the home showcases a spacious home gym, theater room, 3 car garage, and a 2 bedroom/2 bathroom guesthouse.
The dine-in kitchen has seating for 28 and the outdoor is equally impressive with a 2,000 square foot pool, balcony, and an expansive dock.
The Centners built this home as a spec home through Inspirata Group which happens to be the buyers for the home as well (Nicholas and Susan Maounis, owners of the Inspirata Group).
At $26 million, the price equated to $2,364 per square foot.
Not only has Centner made headway in the tech world, but the family also runs Centner Development which is currently working on multiple real projects in Miami. The Centners currently own 2 condos in Miami and Miami Beach.
The Centners have recently sold a few of their properties including a Miami Beach mansion to Russell Weiner, the Rockstar Energy Drink Founder.
Need an Airbnb in Miami for the Weekend? You Can Now Stay in Bad Bunny’s Semi Truck
Yes, you heard that right. You can now stay in the Puerto Rican reggaeton superstar’s truck. Starting March 29th at 1 pm EST, Bad Bunny will play host to guests who rent his converted 53 ft custom tour truck.
For three individual one-night stays, a fan will be able to book the truck for $91 a night (not including tax or Airbnb fees). The dates are scheduled for April 6th through the 8th and with the price comes a lot of perks!
Guests who end up booking the tour truck will also receive VIP tickets to Baby Bunny’s Miami Tour that is set for April 1st-3rd, access to the truck’s sound system, a photoshoot with the truck, and a tour to all of Bad Bunny’s favorite Miami spots. Although Bad Bunny won’t be there to host, there will be a virtual hello each guest can look forward to.
Bad Bunny, Benito Antonio Martínez Ocasio is his real name, is a Puerto Rican Rapper, record producer, singer, actor, and professional wrestler. His genres include reggaeton and Latin trap, but he is known for his versatility and his ability to incorporate soul, rock, and bachata into his music. Born in Vega Baja, Puerto Rico, Bad Bunny became famous through SoundCloud and ended up signing with a label in early 2016.
He is known for his collaborations with Cardi B, Drake, Dady Yankee, and J Balvin. In 2018, he was awarded a Latin Grammy for Best Urban Music Album. He also performed at the Super Bowl LIV halftime show alongside Shakira and Jennifer Lopez. More recently, he became the first Latin artist on the cover of Rolling Stone magazine.
According to Bad Bunny, “I’m hoping that by hosting guests in my truck I can give them a chance to feel like they’re on tour with me. This truck has played such a big role in the concept of my tour and my last album that I want to share this unique experience with them.”
The truck was designed by West Coast Customs and has made an appearance on stage during a few of his shows. The truck includes a pined bedroom with a neon bunny on the wall, a dining area, and a mini-fridge. And don’t worry about parking because the truck will be located in a private lot with 24-hour security during your stay.
Bad Bunny’s El Ultimo Tour Del Mundo in Miami is sold out but with this Airbnb opportunity, tickets are closer than you think! To reserve his tour truck or to get more information, click here.
Turkish Airlines and Air France Increase Flight Schedules to Miami
Miami has always been a go-to city for many reasons but more recently people from all over the world are flocking to The Magic City. Whether it’s for the food, nightlife, or the beaches, there is something for all on this east coast town.
With the increase of people moving and visiting Miami, airports are busting at the seams trying to keep up with the demand. To help with the overflow, 2 major international airlines have announced they will be increasing flights to Miami starting soon.
Turkish Airlines and Air France are increasing their flight schedules to Miami. Turkish Airlines have announced that they will have 2 flights every day from Istanbul to Miami. This flight pattern is set to begin on March 27, 2022.
With Air France, their daily flights between Paris and Miami are set to increase by 20% daily beginning July 2022, up to 7 daily flights.
Air France currently services 11 cities in the United States and that includes Atlanta, Boston, Chicago, Detroit, Houston, Los Angeles, Miami, New York, Seatle, San Francisco, and Washington D.C.
According to the Miami International Airport, flights to Miami are already up 17% and that number is steadily growing and the US is at 90% of its 2019 flight levels.
If Miami continues to break International travel records, we can only look forward to new flights, hubs, and destinations linking to Miami in the future.
Miami Real Estate Sales Soar for the 17th Consecutive Month
According to the Multiple Listing Service (MLS), Miami-Dade County real estate achieved its best-ever February sales month as existing condo transactions climbed by double digits for the 17th consecutive month, following the historic January 2022 and 2021 year sales.
Total house sales in Miami-Dade County increased 13.2% in February 2022, from 2,485 to 2,814. Due to low availability, Miami single-family home transactions fell 7.9%, from 1,093 to 1,007 units. Existing condo sales surged jumping up 29.8%, from 1,392 to 1,807, marking the 17th consecutive month of double-digit year-over-year condo gains.
Home sales were much higher in February 2022 compared to February 2020 with total house sales up 51.1% compared to February 2020, from 1,862 to 2,814. Miami single-family house sales are up 13.9% while condo purchases are up 84.8% from January 2020.
Miami luxury condo sales are up 45.4%, with mid-market transactions ranging from $400,000 to $600,000 on the rise. In addition, Miami’s existing condo luxury ($1 million and more) sales increased 45.4% year on year to 237 deals.
Miami single-family houses valued between $400K and $600K climbed 24.7 percent year over year in February 2022, with 389 sales. Miami’s existing condo sales in the $400K-$600K price range surged 101.8 percent year over year to 345 deals in February 2022.
Single-family home inventory fell 29.3 percent year on year in February 2022, from 3,128 active listings the previous year to 2,212 this month. Condominium inventory fell 55.1 percent year on year to 5,272 from 11,735 during the same time in 2021.
Months’ supply of inventory for single-family homes has been decreasing since July 2019, suggesting high demand. Months of inventory for single-family homes fell 39.3 percent to 1.7 months, indicating a seller’s market. Existing condominium inventory fell 74.5 percent to 2.6 months, indicating a seller’s market. A balanced market between buyers and sellers provides six to nine months of supply.
The total number of active listings at the end of February 2022 fell 49.6 percent year on year, from 14,863 to 7,484.
In February 2022, Miami-Dade County single-family median prices grew 19.1 percent year over year, rising from $450,000 to $536,000. The median price of a single-family home in Miami has climbed for 123 straight months (10.25 years), the longest unbroken stretch on record.
Year over year, the median price of existing condos grew by 26.7 percent, from $300,000 to $380,000. The median price of a condo has risen in 125 of the previous 129 months.
Mortgage rates have typically been low, making house purchases more accessible. The average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.76 percent in February, up from 3.45 percent in January, according to Freddie Mac. The overall commitment rate for 2021 was 2.96 percent.
Miami real estate is attracting several bids, with buyers willing to pay above the asking price. In February 2022, the median percent of the initial list price obtained for single-family houses was 98.7 percent, up 1.5 percent from 97.2 percent the previous year. For existing condominiums, the median percent of the original list price obtained was 97.8 percent, up 3.7 percent from 94.3 percent last year.
Miami cash sales accounted for 75.6 percent of all sales in February 2022, which is much higher than the national average. In February 2022, cash transactions accounted for 43.9 percent of Miami closed sales, up from 35.8 percent in February 2021. According to the most recent NAR figures, cash accounts for around 25% of all house sales in the United States.
Cash sales made up 53% of all existing condo sales in Miami and 27.5 percent of single-family purchases.
Ultra Music Festival is Back After Two Years Off and We Have All the Details
The Ultra Music Festival is returning to Miami after a two-year hiatus and it is anticipated to be bigger than ever. Ultra will run from March 25 through the 27th at Bayfront Park in Downtown Miami.
Ultra in Miami is a must-stop on the international circuit for EDM aficionados all around the world. While the rest of the country is bundled up in parkas in anticipation of the summer festival season, Ultra fans are partying it up in sunny Miami. The performance is always full of surprises, both in terms of the musical performers and the people that attend.
As of 2018, the festival brought 165,000 guests to Ultra, and in 2019, 170,000. In the same year, Ultra moved from downtown to Virginia Key with the intent to shuttle more than 50,000 people on and off the island to downtown. The organizers for the showed banned taxis and ride-shares, leaving thousands stranded for hours on end. With this year in downtown Miami, there is more organization and no limits on the transportation situation.
The Ultra Music Festival will span over 3 days and nights and will include performances by Tiesto and Martin Garrix, Armin Van Burren, DJ Snake, and David Guetta. The festival will begin on March 25th at 4 pm. Ultra is currently sold out but you can get a ticket through 3rd party vendors but the price will likely be high.
Traffic will also be an issue this weekend because of the number of other events occurring downtown. Miami Heat will be playing the Brooklyn Nets at FTX Arena as well as performances by Anastasia at the Ziff Opera House.
Traffic will also be an issue this weekend because of the number of other events occurring downtown. Miami Heat will be playing the Brooklyn Nets at FTX Arena as well as performances by Anastasia at the Ziff Opera House.
Traffic will also be an issue this weekend because of the number of other events occurring downtown. Miami Heat will be playing the Brooklyn Nets at FTX Arena as well as performances by Anastasia at the Ziff Opera House.
Traffic will also be an issue this weekend because of the number of other events occurring downtown. Miami Heat will be playing the Brooklyn Nets at FTX Arena as well as performances by Anastasia at the Ziff Opera House.
Revealed: The Perigon Miami Beach
Mast Capital and Starwood Capital Group have officially launched sales of The Perigon, a luxury condo development planned for an oceanfront site in Miami Beach located at 5333 Collins Avenue.
After the City of Miami declared the existing La Costa Condo tower unsafe last summer, Mast Capital bought out the remaining units in an effort to move forward with The Perigon. The City of Miami’s declaration came shortly after the collapse of the Champlain Towers South in Surfside. Mast owns approximately 88.5% of the current tower leaving 14 unowned.
In June 2021, Mast filed the development plans for the property and the official approval came in December 2021. Rem Koolhaas is named as the architect for the project while Tara Bernerd is listed as the interior designer. The design resembles a series of towers merged together allowing the residents optimal views of Biscayne Bay, Miami skyline, and the Atlantic Ocean
The development will rise 17 stories and feature 83 total units, with 10 of those units labeled as ‘guest suites,’ which will only be available to purchase by unit owners.
Units will range from 2 to 4 bedroom floor plans with 2,100 to 6,700 square foot options. Units will start at $3 million and will feature a number of luxury amenities and residence features.
Services
Residential butler
Dedicated lifestyle concierge
24-hour security and valet service
House car
On-site general manager
In-residence dining and catering from a signature on-site restaurant
Home management services from cleaning and maintenance to floral and pantry stocking (available for additional costs)
Tower Amenities
Signature oceanfront restaurant by a celebrated chef exclusive to residents
Beachside swimming pool and outdoor spa with sunbeds and cabanas
Pool and beachside food and beverage service
Direct entry to the dedicated beach, equipped with lounge chairs, umbrellas, and service
Sprawling conservatory offering daily breakfast bar
Stylish cocktail lounge and speakeasy
Dramatic double-height lobby with open lounge area
Luxury guest suites for friends and family
Sunrise lounge with catering kitchen for entertaining and events
Private spa with sauna and treatment rooms
A state-of-the-art fitness center with a high-impact training room overlooking the Atlantic Ocean
Bespoke wine room
Private salon for personalized beauty services
Screening room
Imaginative children’s playroom
Intimate garden and meditation lounge areas overlooking the Atlantic
Bicycle storage
Residence Features
Direct, private elevator entry to each residence
Gracious 10-foot ceilings with floor-to-ceiling windows
Private 10- to 12-foot-deep terraces designed to provide direct views of the Atlantic from every residence
Expansive living, dining, and entertaining area accented with linear cove lighting
Custom Italian kitchens designed by Tara Bernerd & Partners featuring honed marble countertops, backsplash, and island
Sub-Zero Wolf Appliance Suite
Primary bathrooms feature natural stone flooring and walls, custom bathtub, bespoke mirrors, and light fixtures
Walk-in wardrobes in each bedroom
The building is expected to top off in 2024 with a completion date in 2025. If you or someone you know have an interest in purchasing at The Perigon Miami Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
New Miami-Dade County Legislation will Require Landlords to Provide a 60 Day Notice of Rent Hikes
Residential landlords in Miami-Dade County are now required to provide renters at least 60 days’ notice of rent increases of 5% or more, as renting in South Florida grow increasingly expensive.
The legislation was proposed by Commissioner Eileen Higgins and unanimously approved during the commission meeting on March 15th.
Throughout the country, renters are facing a massive rent spike by at least 50% and according to Miami-Dade County, they hope this legislation will help curb those numbers and make Miami more attractive to tenants.
This new legislation would apply to renters nearing the end of their contracts as well as those on month-to-month leases who are facing the 5% rent increase. Also in the new legislation is the notice on eviction time going from 30 to 60 days, including month-to-month leases that came from a 12-month lease.
According to a commissioner, landlords could bypass the new legislation by offering weekly leases. This new legislation can only be enforced in court.
Higgins stated during the meeting, “Thank you all for your understanding about how fair notice is the right thing to do, but not all landlords are doing the right thing. So, this requires them, if their mothers didn’t teach them to do the right thing.”
There are also 2 additional bills for rent control expected to be voted on by this summer, Tenant Bill of Rights and Rent Control. The tenant bill of rights would allow tenants to withhold rent for certain maintenance issues that the landlords haven’t repaired. Landlords would also be required to provide renters with information about their rental rights for state and county laws.
If approved the Rent Control legislation would put a cap on rent increases for 12 months. There would be many hurdles with this legislation that involved multiple votes by commissioners, the mayor, and Miami-Dade citizens.
