In December 2021, it was announced that a Miami Developer along with Driftwood Capital announced plans the rebuild The Wharf alongside the Miami River. Now, those plans have officially been submitted to Miami’s Urban Development Review Board.
The plans for this project include a hotel and an entertainment complex with retail, food, and beverage. The cost for the project is estimated at $185 million. The plans submitted include 174 hotel units operated by Dream Hotels and 91,733 square feet of commercial space.
A 16,000-square-foot restaurant, a 12,000-square-foot event hall, a 30,000-square-foot nightclub/rooftop day club, and 600 feet of river frontage are all planned for the 200,000-square-foot project. Garcia’s Fish Market may also set up shop on the property as a pop-up market. Its commercial fishing activity used to be located on the property.
The zoning requirements for this type of proposal would include 417 parking spaces but the developers are requesting a 50% reduction in parking by the entertainment and hotel spaces sharing parking. Once approved, the parking spaces will be offsite.
A part of the proposed development includes public used land, which will require a special election. That election is currently scheduled for August 23 and it will involve a potential lease of the public property to the developer.
The 1.5-acre Miami River property at 114 Southwest North River Drive will be developed by MV Real Estate Holdings and its partner, Coral Gables-based Driftwood Capital. Nitin Motwani, the managing partner of Merrimac Ventures and the developer of the Miami Worldcenter, is also a general partner in the project, according to Mantecon.
The Miami Urban Development Review Board is scheduled to review the development proposal on March 16, 2022.
Announced: Bitcoin Conference Miami Beach April 6-9 2022
For the 2nd year, the International Bitcoin Conference is coming back to Miami Beach and it will be bigger than the last day. Stretching over 4 day, this event will introduce cryptocurrency experts, investors, and industry leaders through panel discussions, Q&As, lectures and much more. On the last day, a music festival, the “Sound Money Fest” will take place with some major headliners.
This year the Bitcoin Conference will be held at the Miami Beach Convention Center form April 6-9, 2022. This week long event is dedication to the education of the Bitcoin ‘ecosystem’ through companies as well as upcoming project at the conference.
According to the numbers from the previous Bitcoin 2021 Conference, there were 12,000 in attendance making it a sold out event. This was considered the largest Bitcoin event in history. This year, they conference is expected to bring over 35,000 people from all over the world.
Some of the main headliners include Michael Saylor, Nick Szabo, Jack Dorsey and Tony Hawk. Jack Dorsey is the former CEO of Twitter and is also the founder of Block, Inc., a digital payment company based in San Francisco. Michael Saylor is a big name investor in Bitcoin with a stockpile of 21,454 Bitcoin = $876.5 million.
Tony Hawk also made an appearance during last year’s conference and discussed the parallels of cryptocurrency and skateboarding. His charity foundation just recently started accepting bitcoin as well.
The event is open to all ages at the Miami Beach Convention Center. Ticket prices begin at $862. For more information on the conference or to purchase tickets, click here.
Revealed: St. Regis Residences Sunny Isles Beach
Developers, the Château Group and Fortune International Group have officially revealed the highly awaited St. Regis Residences Sunny Isles Beach. Located at 18801 Collins Avenue in Sunny Isles Beach, this beachfront ultra-luxury residential complex will consist of two 62-story towers that will add to the already growing Miami skyline.
St Regis Residences Sunny Isles Beach will be designed by Arquitectonica with interiors by So Paulo-based Anastassiadis and landscaping by EDSA. The site itself will feature 435 feet of beachfront property with panoramic views of both the Intracoastal Waterway and the Atlantic Ocean.
The two towers will be referred to as the north and south towers. Sales will be launched on the South tower first with options of 194 residences that range from 2 to 4 bedroom floor plans including a selection of penthouses. The North tower is planned to feature 180 residences but sales will launch at a later date.
The residences themselves are exactly what you would think of when you hear the name St. Regis, and that’s luxury.
Residence Features:
Spacious floor plans boasting unobstructed ocean, city, and Intracoastal views
Ceiling heights clearing 10ft in regular units and 12ft in penthouses
Fully finished with flooring and closets
Private elevator and entry foyer in all residences
Service elevators
Italian designed kitchens with Quartz countertops
Miele appliances including wine cooler
Walk-in closets in all primary bedrooms
Laundry rooms with full-size washer and dryer
Smart home technology ready
Service quarters in select residences
Full floor residences with spacious floor plans
East and West terraces with pool on the east
Spacious terraces with luxurious private pool and jacuzzi
Summer Kitchen
Custom-designed Italian cabinetry
Graciously appointed primary suits and separate service quarters with separate entrance
Stunning, 360-degree views of the Atlantic Ocean and Intracoastal Waterway
Indoor BBQ
Indoor/Outdoor living space
Spread throughout the 2 towers will feature 70,000 square feet of amenities.
Managed by the St Regis Hotel Company, without hotel premises.
Grand entry driveway and 2-story porte-cochere
Impressive two-story lobby
10 Guest Suites per Tower
Concierge Services
Pet-friendly and much more
Private beach facilities
Oceanfront and sunset pools
A signature restaurant
Wellness center
Spa
Athletic club
According to the President and CEO of Fortune International Group, “It’s a very exciting time in the South Florida market and it’s been an honor to continue to elevate luxury residential living with our projects.”
As for the CEO of Château Group, Manuel Grosskopf, “Without a doubt, The St. Regis Residences, Sunny Isles Beach, Miami embody these coveted touchpoints and we look forward to releasing more details of the project as we come to market.”
The construction plans show 1,000 parking spots available for residents and the starting price for units begins at $3.5 million. The project is expected to begin in 2023 and be delivered in 2026
NFTs, Velvet Ropes, and Miami
In partnership with Horizen Labs (a blockchain firm), club E11EVEN is teaming up to create a crypto-dedicated division referred to as ‘E11EVEN Crypto.’ This new division was announced last week and is planning to introduce NFTs (non-fungible tokens) to the Miami club scene.
NFTs have made huge headway in the US and especially in Miami. Private clubs, Art Basel, and real estate have all traded NFTs in the recent year and we can only expect that this blockchain market will continue to grow.
In order to understand the big news of E11EVEN, you must first understand what an NFT is. An NFT is a non-fungible token meaning that it’s unique and cannot be replaced with something else. If you look at bitcoin, you can trade one for another and you will have exactly the same thing with a set price. With an NFT card, if you were to trade it with another card, it will be valued at something completely different.
The collection of E11EVEN’s NFTs will be referred to as “11 Captain’s Club.” The artwork itself is inspired by the Miami club scene and will include the club’s iconic hat designs. Just one ETF will be priced at around $2,700.
Club E11EVEN has always been known for keeping up with trends and creating innovative revenue streams. The brand has its own vodka label, an apparel company, and even a real estate LLC that partners with FTX for its crypto operations. With this new NFT division, E11EVEN will pave the way for other brands to be involved in the crypto culture and club scene in the US.
According to the owner of E11EVEN, Michael Simkins, “We were the first major club to accept crypto as payment, and now we’ve processed over $5 million of it at the nightclub.”
Horizen Labs stated that they raised $7 million in August for the funding of this NFT division. E11EVEN is set to release the NFTs during the upcoming Bitcoin 2022 conference in April.
MSC Cruises USA Breaks Ground on PortMiami Terminal
MSC Cruises USA has recently broken work on an extensive cruise terminal at PortMiami as it expands operations at the congested port. The cruise line is based in Switzerland but the US locations are currently in Orlando and Fort Lauderdale, and now Miami.
The terminal building itself rises 4 stories and will spread over 490,000 square feet. The building itself will cost $350 million. Once the project is complete in 2023, the capacity of the terminal can hold 36,000 passengers daily. The terminal can hold 3 cruise chips at once and it will include the MSC Seascape (a 2,270 cabin).
The project will also have a 2,400 space parking garage and lot. MSC Cruises utilizes LNG (liquified natural gas) powered ships. The ships can also connect to shore power while docking which creates a more fuel-efficient ship.
According to the President of MSC Cruises USA, Rubén Rodriguez, “Our new terminal at PortMiami represents MSC Cruises’ commitment to growing in North America and will help drive our expansion in South Florida and beyond.”
Arquitectonica is the designer of the building while Italy-based Fincantieri Infrastructure is listed as the developer for the project. The old renderings for the terminal included a separate building for the USA headquarters for the cruise line but the plans transitioned into more space for customers. There are talks of leasing office space in other areas of Miami.
PortMiami has seen a lot of construction over the past year. Larger cruise lines are expanding their fleets like Royal Caribbean Group, Norwegian Cruise Line Holdings Ltd, and Virgin Voyages.
Developer Plans Luxury Office Building in Miami’s Design District
As companies and tenants flock to Miami, the demand for office space is increasing. Craig Robins, a Miami Developer is looking to build his first Class A office building in Miami’s Design District. Partnering with Miami Design District Associates, Robins recently revealed plans for a 15 story building at 30 Northeast 39th Street, the Ursa.
The building is anticipated to feature 180,000 square feet of office space spanning over 10 floors. There will be retail space on the ground floor and a rooftop deck that will only be available for tenants of the building.
According to Robins, “We are thrilled to be bringing the Ursa to the Miami Design District. integrating state-of-the-art workspaces into the neighborhood has always been a part of our plan. People want to work in centers of creativity, culture, and commerce; and the district really provides the type of environment where innovation can take flight.”
Arquitectonica is responsible for the design of the tower with New York artist, Daniel Arsham, designing the furniture and the public art for the retail spaces.
From the renderings, the Ursa appears to have a lot of outdoor space with lush greenery on the rooftop as well as on varying terraces. The floor-to-ceiling windows provide tenants with views of the Miami Design District. On-site, the building will be fully integrated with the most up-to-date technology as well as 24/7 security and property management services.
The Miami Design District Associates already owns 1+ million square feet of commercial space in the Miami Design District.
Miami-Dade County has already proved the site for utilities for the Ursa and the county records show an application for the demolition permit. The property was purchased in 1995 for $680,00 and is expected to be completed in fall 2024.
St. Regis Residences Miami Reveals New Renderings
Sales have officially launched on the East tower of St. Regis Residences Miami. Along with the launch of St. Regis, comes new interior renderings and they are stunning! The Related Group and Integra Investments are bringing an architectural phenomenon to Miami.
Located at 1809 Brickell Avenue in Brickell, these ultra-luxury twin towers will rise 47 and 48 stories tall. The East tower will feature 149 residences with interiors designed by Robert A.M. Stern Architects and the Rockwell Group. With units ranging from 2,300 square feet two bedrooms to 8,900 square feet duplexes. Pricing for units will begin at $2,800,000.
With the release of the new renderings, Jon Paul Perez, President of The Related Group states, “Much like the original St. Regis hotel brought about a new era of glamour and classic sophistication for the Empire State, The St. Regis Residences, Miami, are ushering in a new era for Brickell and all of Miami. Our entire development team is honored to have the opportunity to bring such a storied brand to this city, especially when energy and optimism around our region’s potential is at an all-time high.”
Residence Features
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
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
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
For December 2021, Related announced $63 million in sales for the St. Regis Residences Miami. The groundbreaking is expected to occur in the 3rd quarter of 2022.
Revealed: Cipriani Residences Miami
After the successful opening of Casa Cipriani hotel and social club in New York, it is of no surprise that Miami will be getting the first-ever Cipriani branded residential tower, Cipriani Residences Miami.
Cipriani Residences Miami will feature 3 luxury towers spanning over 2.8 acres, located at 1420 South Miami Avenue in Miami’s renowned Brickell area, which will represent the famous brand’s elegant design and exceptional service.
The largest Cipriani tower will rise 80-stories and will feature 397 one to four-bedroom units with views of Biscayne Bay, Brickell skyline, and Simpson Park. The 2 smaller towers haven’t been revealed yet but will rise 59 stories and 50 stories tall.
Mast Capital paid $103 million, marking this transaction as one of the largest in Miami-Dade in 2021.
Cipriani is currently working with Mast Capital and Arquitectonica to bring this luxury building to life. Not only will the tower feature luxury amenities, but each residence will offer custom finishes and gorgeous designs.
Residence Features
• Generous living areas with ceiling heights of 10 feet • Floor-to-ceiling sliding glass doors and windows with magnificent panoramic views • Terrace access from the living room and primary bedroom of every residence • Gracious walk-in wardrobes in every primary bedroom • An exquisite selection of flooring options included • Direct elevator entry for select residences • Eat-in, open kitchen with custom Italian cabinetry inspired by Cipriani’s renowned style • Top-of-the-line appliances from Wolf Sub-Zero, including cooktop, integrated refrigerator, freezer, wine cooler, and dishwasher • Primary bathrooms with grand, stand-alone bathtubs and glass-enclosed showers; vanities with premium Italian cabinetry, imported stone tops, back-lit mirrors; separate room with water closet • Spacious laundry rooms with full-size washing machine and dryer, with a utility sink in most residences • Individually controlled, high-efficiency central air conditioning and heating systems, with linear diffusers in main areas to ensure seamless integration • Innovative smart technology infrastructure that enables home automation • Intelligent interface system for essential building services such as concierge, valet, and security
Cipriani has disclosed that the residential tower would have sophisticated, resort-style amenities for its inhabitants, as well as traditional design features popular at Cipriani restaurants worldwide.
Tower Amenities
• Exclusive private entrance with lush landscaping and elegant porte-cochère • Dramatic lobby leading to two banks of high-speed, touchless elevators • Signature private dining experiences by Cipriani • In-home dining and 24-hour catering services by Cipriani, exclusive to residents • Private dining rooms available for reservation, catered by Cipriani • Elevated resort deck with two swimming pools, a blissful outdoor spa, poolside cabanas, and a beautifully landscaped sun terrace • Poolside food and beverage services catered by Cipriani • Holistic spa with sauna and treatment rooms • Luxurious residents’ lounge for special events and intimate gatherings • State-of-the-art fitness center • Golf simulator • Pickleball court • Private salon available to be reserved for personal beauty services • Screening room with cutting-edge audiovisual equipment • Serene and spacious residents’ library • Engaging children’s playroom • Elevated four-level wellness center and lounge overlooking the Brickell skyline • Pet-friendly community with dog park • High-speed internet access across all public areas • Electric vehicle charging stations available • Air-conditioned storage rooms
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.
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 with a completion date in 2026.
The Related Group Plans to Build on a Parcel of the North Miami Campus of Johnson & Wales University
On the former North Miami Campus of Johnson & Wales University, the Related Group is now under contract with a part of the land in an attempt to build a condo/apartment tower. The 3.12-acre lot is located at 1650 N.E. 124th Street of a block west of Biscayne Boulevard.
On March 8th, the City Council is scheduled to review the proposal for the tower now called, Manor Biscayne. The affiliate, RD Manor Biscayne LLC purchased the parking lot and a building for $12.25 million in July 2021.
Johnson & Wales University sold 25 acres of the campus to multiple buyers.
Manor Biscayne is set to rise 8 stories spanning over 372,559 square feet. The tower will feature 382 apartments, 9,335 square feet of retail, and 668 parking spaces with 13 electric charging stations.
Tower Amenities:
Pool
Courtyard
2nd recreational courtyard
Fitness center
clubhouse
The units themselves would range from 600 to 1,500 square feet with 27 studios, 139 one-bedroom apartments, 173 two-bedroom units, and 44 three-bedroom units. There will also be a small selection of 2-story townhouses available.
RLC Architects are responsible for the design of the project.
Echo Brickell is one of the most sought-after buildings in downtown Miami. Completed in 2017, it was designed by architect Carlos Ott and developed by PMG and JDS Development Group. Rising 57 stories with 180 condo residences, it is the epitome of Brickell living.
With all of Echo’s luxury features and gorgeous units, one heavy hitter penthouse is currently on the market and just had a massive price cut. The penthouse was previously listed at $42 million in 2018 and was relisted in 2021 for $39.5 million. Now, the property has had a significant price reduction of $1 million at $38.5 million.
Located at 1451 Brickell Ave #PH01, this 11,000 square foot ultra-luxe penthouse spans over 2 floors (56th and 57th) with 5 bedrooms and 7.5 bathrooms. It’s all in the details with 28 ft ceilings, 360-degree views of the Miami skyline and Biscayne Bay from the expansive terrace, and an indoor Sky Pool.
The sophistication continues with its signature staircase, marble and glass throughout, and the gorgeous Poliform kitchen that will truly amaze. The primary suite features a midnight bar, designer closets, and dual marble baths. With the 6 parking spaces, aquatic center, office, staff quarter, and a BBQ, do you really even have to leave this penthouse? The best thing about this penthouse is that it was personally designed by Carlos Ott.
Echo’s units come fully furnished with 1 to 4 bedroom floor plans ranging from 748 to 11,068 square feet. Each residence features panoramic views of the water and skyline, 9 to 14-foot ceilings with floor-to-ceiling windows, and 6 to 8 foot deep terraces with a bbq area. The interiors are inspired by yoo Studio with 7-foot high Italian entry doors, marble flooring, Italian custom cabinetry, and high-end stainless steel appliances.
Tower Amenities Include:
Vanishing-edge pool and deck with panoramic views of Biscayne Bay, Downtown Miami, and Miami Beach
2,800 square foot, state-of-the-art fitness center and spa overlooking pool, bay, and city
Resort-style poolside food and beverage service
Two hot tubs with sunbathing deck overlooking the Brickell skyline
Full-service concierge services
Ground-floor retail tenants Rosetta Bakery and Joe & the Juice.
Below is a video of the Carlos Ott Penthouse at Echo Brickell: https://www.miamicondoinvestments.com/property/1451-brickell-av-ph1-miami-fl-33131-a10521016.
If you or someone you know have an interest in purchasing at Echo Brickell, or any information on this penthouse, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
