Former Miami Herald Waterfront Site in Downtown Miami Receives 5 Bids over $1 Billion
Following a marketing campaign managed by Avison Young’s Florida Capital Markets Group, Genting Group has received five offers above $1 billion for the former Miami Herald site in Downtown Miami, one of the biggest and most valuable development sites in Miami.
The property, which is located at 1431 N Bayshore Drive in Miami, has 800 linear feet of direct Biscayne Bay frontage and highly aggressive zoning in one of the city’s most vibrant and connected neighborhoods. It is regarded as the most sought-after development site offering in the history of the city and one of the largest waterfront land assemblages currently available in the United States. A notable mixed-use commercial, retail, residential, hospitality, and entertainment destination could be developed on the location.
The rare riverfront location in the Omni District is valued at just about $1.5 billion. The 15.5-acre development site, known as BayCity Miami, now hosts ArtMiami’s Art Wynwood show in February as well as CONTEXT Art Miami every year during Miami Art Week. The Miami Herald’s main office had stood on the land and was destroyed in 2014.
The Resorts World operator Genting Group, which owns 10 acres of land west of Biscayne Boulevard, will continue to be involved in the Omni neighborhood. Genting Group is one of the biggest resort, entertainment, and gambling organizations in the world.
The property, which spans many lots and once housed the Miami Herald’s headquarters, is zoned RTZ for mixed-use in Miami-Dade and is in the Metromover subzone (Rapid Transit Zone). The land has limitless buildable square footage, no setbacks, a height limited only by the FAA standards (649 feet), and a potential density of more than 8,000 units according to South Florida’s most benevolent zoning designation. The RTZ zoning offers builders a sizable, incredibly flexible building envelope as well as the chance to create a unique waterfront development on the site.
Gazit Horizons Submits Plans to FAA for Brickell Gateway Tower
Designs for the 61-story Brickell Gateway tower have officially been submitted to the Federal Aviation Administration. Located at 90 SW 8th Street next to Brickell City Centre in the heart of Brickell, the 377,000 square foot project will bring residential units, office spaces, a hotel concept, and retail to the neighborhood.
The Brickell Gateway tower is anticipated to reach a height of 761 feet above ground, or 772 feet above sea level (61 stories tall), according to the FAA file from March 28.
According to records, the plan is actively progressing through the approval process with planners in Miami-Dade County. The project falls under the county’s Rapid Transportation zoning, the developer can choose for a county planning review over a municipal planning review.
As recently as March 21, according to records, revised designs to satisfy county planner requests were submitted.
The project will include 504 residential units, over 18,000 square feet of retail, and 344 parking space.
The project’s developer is Gazit Horizons and the plan set lists Atlantic Pacific Communities as a co-developer, with Corwil listed as the architect.
According to the plans, construction is anticipated to begin January 2024 to January 2027.
Renderings Revealed for Ora by Casa Tua
Renderings have officially been released for Ora by Casa Tua as well as the plans have been filed with city planners for the 76-story tower located at 1210 Brickell Avenue.
The ORA’s design was created by the internationally renowned and award-winning architecture firm Arquitectonica. The company drew inspiration from today’s constantly changing culture to design numerous outdoor levels at ORA that connect to nature and the environment, with the goal of allowing visitors to enjoy and experience the city of Miami from a unique angle.
The interiors of the residential and amenity areas are being designed by m2atelier, a company founded by Marco Bonelli and Marijana Radovic and renowned for its personalized approach.
Amenities:
Private office spaces
Conference rooms
Content production rooms
Bar lounges
Outdoor seating
Second Pool with sun deck, loungers, cabanas, and a jacuzzi
Show kitchen
Private event space
Lush green vegetation
Three-story open sky garden
Two-floor fitness and wellness facility with a harman and couples treatment rooms
Entertainment bar
Residence Feature:
Floor-to-ceiling windows
10 foot ceilings
Italian-designed kitchen with premium appliances
Italian-designed bathrooms with imported fixtures
Smart home technology
Pre-wired for high-speed internet
Roomy walk-in closets
Washers and dryer
Views of Brickell, Biscayne Bay, and Coconut Grove
Residences at ORA will start at $800,000 and range from 500 square foot studio homes to 2,400 square foot, four bedroom fully furnished residences that will be ready for immediate listing as short-term, seasonal, or long-term rentals.
Edgardo Defortuna, the creator of Fortune International Group, is a pioneer in real estate development, financing, construction management, sales, and marketing. In addition to others, they are currently building the Nexo Residences in North Miami Beach, The Ritz-Carlton Residences in Pompano Beach, and the St. Regis Residences in Sunny Isles Beach. They most recently built The Ritz Carlton Residences Sunny Isles Beach and the renowned Jade Signature, designed by Herzog & de Mueron.
If you or someone you know have an interest in purchasing at ORA at Casa Tua, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Major Food Group and Terra Development Partner on New Condo Tower in Edgewater-The Villa
Major Food Group and Terra Development have announced their collaboration on a new waterfront development in Edgewater. Located at 710 NE 29th Street, The Villa, is planned to include 50 residential units.
In 2021, an application was filed with the Federal Aviation Administration for a 57 to 60 story tower at the proposed development site. The plan originally called for the demolition of two residential structures that are now located at 710 Northeast 29th Street and 530 Northeast 29th Street, just across from the Biscayne Beach Condominium.
Unknown who applied for the tower, but the lot’s existing zoning allows for a considerably taller multi-family building comparable to nearby new construction like Missoni Baia and Elysee Miami, all of which reach heights of 649 feet above sea level.
Harbor 29, a five-story condominium building with 15 units that was constructed in 1972 and is currently located at 710 Northeast 29th Street, occupies a plot of land that is around 12,600 square feet. The building occupies the entire corner of the ensemble and has the longest waterfront frontage.
On the other hand, 530 Northeast 29th Street, a 2-story residential structure with around 10 units on a 6,300-square-foot lot, was constructed in 1954. No recent sales of any units or property in general have been closed, according to Miami-Dade County’s Property Appraiser, so after receiving FAA approvals, the undisclosed developer will probably need to buy out the current owners to put together the assemblage, which should total close to 19,000 square feet.
Last year, Major Food Group was partnered with JDS Development for a supertall tower located in Brickell named 888 Brickell.
Miami Beach’s Star Island is Now Ranked as the Nation’s Highest Priced Neighborhoods
Miami Beach’s exclusive Star Island has taken the top spot among the most expensive areas in the country, surpassing Port Royal in Naples, FL, Beverly Hill’s Gateway, and Trousdale Estates in Beverly Hills. In 2022, the price of the typical home sold on the island was $40.2 million, an increase of $16.7 million and 71% from 2019 when it was $23.5 million.
Ken Griffin, the founder of Citadel and a heavyweight in the hedge fund industry, has spent a total of $170 million over the past few years buying a collection of five houses on the island. Griffin made a big impression when he paid $75 million for a 1993 demolition on 1.8 acres at 8 Star Island Drive. At the time, the sale broke a record for Miami-Dade County single-family home sales, but Griffin is no stranger to shattering records.
Griffin also bought the nearby 10 Star Island for $25 million, 11 and 12 Star Island Drive for about $37 million, and 13 Star Island for $32.5 million in an off-market purchase. Also, he was the owner of 14 Star Island, which he acquired for $24 million in 2020 and reportedly traded for 13 Star Island for $18.5 million with former New York Yankee and real estate mogul Alex Rodriguez.
Griffin is not the only well-known investor who has bought and sold on the Island. Stuart Miller, the executive chairman of Lennar, paid $33 million for the old 4 and 5 Star Island Drive owned by Thomas Kramer, which marked the beginning of a protracted series of deals on the renowned island. With Todd Michael Glaser, Stuart Miller created an extravagant model home at 22 Star Island that was designed by DOMO Design and sold for $49.5 million in an off-market transaction managed by David Solomon and David Miller.
The owner of the NBA’s Memphis Grizzlies, Robert Pera, purchased the 1.9-acre property next door from Miller in 2019 for $25 million. A contentious 28,000 SF seaside home with a basketball complex is being built by Pera. Marc Iacovelli sold the historic Carl Fisher estate at 46 Star Island Drive to Roger and Sloan Barnett for $39 million on the other side of 22 Star Island. On the island, Shay Kostiner recently sold his vacant lot at 44 Star Island for $10 million, while Anthony Hsieh, the founder and CEO of LoanDepot, just paid $30 million to purchase 34 Star Island Rive.
Just over the MacArthur Causeway from Fisher Island’s entrance and Miami Beach’s South of Fifth district, the gated Star Island has long been one of Miami’s most sought-after neighborhoods. The Army Corps of Engineers constructed the island in 1922 as part of a dredging project, and Carl Fisher turned it into an island for the affluent and well-known. Celebrities and billionaires like Gloria and Emilio Estefan, Philip Frost, Sean ‘Diddy’ Combs, Alex Rodriguez, Stuart Miller, and Vladislav Doronin currently reside on the island.
Miami Tennis Open Weekend Updates-Now through April 2nd
Miami’s tennis scene is returning! The Miami Open is taking place at the Hard Rock Stadium from now until April 2, 2023, featuring the best tennis players in the world. The event features the best in tennis as well as the best in entertainment, cuisine, art, and culture—all hallmarks of Greater Miami & Miami Beach.
While tennis is the main attraction at the Miami Open, there is also plenty of time for music, fashion, and dining, and the enormous event space has lots of locations to party like a pro. A variety of songs will be performed by musicians, while DJs will blast club music across the campus. Visitors will also see colorful murals painted by six local artists throughout the area because Miami is a global cultural powerhouse. If you like to shop, you can find Lacoste goods there as well. Experience Display, a new offering from Cadillac will also be there as well as large screens are strategically placed so that spectators won’t miss a single play.
Food pop-ups from restaurants like Casa Tua Cucina, Kiki on the River, The Wharf, Bodega, Cheeseburger Baby, Omakai Sushi, Dos Croquetas, and many more scattered throughout the venue, guests may choose from a variety of delectable international cuisine prepared by Miami favorites. Also, there are bars that provide speciality cocktails, beer, and wine.
The Miami Open moved to Hard Rock Stadium in 2019, bringing fans improved parking, more room, and a better experience, after 32 years at Crandon Park on Key Biscayne. Tennis fans can benefit from the same opulent accommodations that Miami Dolphins supporters are used to at football events. A 13,800-seat stadium, the stadium court, has 360-degree LED displays that enhance the viewing experience. On the outside courts, there is additional seating, including a Butch Buchholz Court with a 3,500-seat capacity. In other words, there is plenty of space to enjoy fantastic tennis.
Over the years, The Miami Open has featured matches between the top tennis players including Rafael Nadal and Roger Federer who played their first match against each other in Miami in 2004. We have also watched Serena Williams win a record eight singles titles in Miami. Hubert Hurkacz of Poland won his first Masters 1000 trophy at the competition in 2020.
Individual session tickets, mini-packages, and complete tournament packages are all available for purchase by attendees. You can purchase tickets online.
The Perigon Miami Beach Unveils a Resident-Only Restaurant and Speakeasy Concepts
The Perigon Miami Beach announces Shaun Hergatt, a Michelin-starred chef, as the creator of Miami Beach’s first-ever resident-only concept.
Nota will be Hergatt’s first-ever Mediterranean concept, while Fifty Three, a speakeasy cocktail lounge, will have a complementary bold style. Hergatt is the renowned executive chef and owner behind some of New York’s most famous Michelin-starred restaurants, including the private restaurant at 432 Park Avenue and Vestry in Soho.
CEO of Mast Capital (the developer behind The Perigon) stated, “We are designing more than a condominium at The Perigon, it is a private, highly serviced five-star resort exclusively for the owners. Additionally, our partnership with such a notable chef as Shaun Hergatt further solidifies the commitment to the quality of luxury, The Perigon will offer to its residents.”
The focus of the restaurant showcases a clear and crisp palette, making the most of the coastal environment and abundance of rich, local ingredients. Chef Hergatt intends to use woodfire grilling techniques to produce meals that are elegant but approachable, with seafood serving as the menu’s focal point.
The speakeasy portion of the restaurant will experiment with vivid colors and patterns, embracing a whiskey-themed palate. Deeper browns and greens will establish a more intimate mood, incorporating golden fixtures and accessories creating the perfect nighttime setting. The cocktails will also embody the more lighthearted style, while focusing on fresh ingredients and imaginative curations.
The Perigon
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.
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 an 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 be delivered 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.
One Step Closer to Breaking Ground at St. Regis Residences Sunny Isles Beach
A utilities agreement between Fortune International Group and Château Group has been reached, allowing the St. Regis Residences Sunny Isles Beach, a two-tower residential complex planned at 18801 Collins Avenue in Sunny Isles Beach, to begin construction.
The utility agreement, which was signed on March 15th states the amenities, unit count, and parking.Patricia Anastassiadis, a designer based in So Paulo, and Arquitectonica are the interior and landscape architects listed for the project
Two 62-story towers are planned by the developers, which will be taller than any structures in the Sunny Isles Beach neighborhood. First to be finished, the 175-residence St. Regis Residences South Tower. The north tower can rise to 744 feet above ground level or 750 feet above sea level, according to FAA licenses that were approved in March 2022. The south tower is allowed to rise to 739 feet.
These heights will match the proposed height of the nearby Bentley Residences, making the north tower the tallest structure in the neighborhood based on roof height. La Playa Beach Associates LLC, a partnership between Chateau Group and Fortune, is the owner of the 4.7-acre property at 18801 Collins Avenue, which is situated on 435 linear square feet of shoreline property.
The shapes of the towers, which were influenced by the elliptical path of the Earth, convey a feeling of harmony with the natural environment. The project’s enormous curve is given a deeper significance while also creating a distinctive form that contrasts with the city skyline. The floor-to-ceiling windows of the apartments, which provide stunning views of the ocean, city, and Intracoastal, as well as the fine choice of materials and finishes, all bear witness to the meticulous attention to detail and skilled craftsmanship.
In less than six months, the property has already reached $750 million in reservations. The floor-plans for the units will range from 2,000 to 5,600 square feet for two to five bedrooms, as well as 6,600 to over 10,000 square feet for Sky Villas and Penthouses.
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
Tower 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
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.
If you or someone you know have an interest in purchasing at St. Regis Residences Sunny Isles Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
13th Floor Investments and Key International Reach an Agreement with Presbyterian Church Site to Move Forward with Construction
At 609 Brickell Avenue in Miami, a new 80-story project, created by Sieger Suarez Architects, and developers 13th Floor Investments and Key International is moving forward.
The congregation and the Miami-based developers have a “transaction and development agreement,” according to a memo filed with the Miami-Dade Clerk of Court on March 2nd. The developer’s right to purchase the property, their duty to build the project there in accordance with the agreement, and their duty to transfer ownership of the new church improvements to the church after substantial completion are all included in the terms of the agreement. Only a memo verifying the existence of the arrangement was recorded. Other details of the agreement have not been released.
13K-BP Brickell Owner LLC is identified as the developing firm, while Arnaud Karsenti is mentioned as the developer’s authorized signatory on the letter. The project’s goal is to utilize the land that is currently used for parking and a religious school building at the back of the property while maintaining the main church structure.
The agreement provides a number of advantages for the congregation and might be worth $240 million to the church. As part of the arrangement, the church will be granted access to 148 parking spaces, 90,000 square feet of space in the new structure, and a small park. In exchange, the church will receive $48 million in cash, 15% of condo sales estimated to be $125 million, and a portion of revenue from the restaurant on the ground level.
The iconic 1949-built First Miami Presbyterian Church, was named a historical landmark in 2003, will continue to stand. The church had previously struggled with money, including a $7 million tax obligation in 2018 as a result of selling part of its lands.
The document submitted to Miami-Dade County does not specify the specific terms and conditions of the sale. It does, however, confirm “the Developer’s Obligation to Construct the Project on the Property in Compliance with the Agreement.”
Introducing The Residences at Shell Bay in Hallandale Beach
The exquisite Residences at Shell Bay in Hallandale Beach offer ultra-luxurious and upscale living thanks to this upcoming partnership with Auberge Resorts Collection, which will include 108 custom residences, a championship golf course, an entertainment lounge, a cutting-edge wellness center, a 48-slip private yacht club, and a ton of restaurants. The stunning residences, which are a hallmark of the Auberge Resorts Collection, cater to a new frontier of affluent and global lifestyle.
The Residences at Shell Bay are being developed by the world-renowned developer, Newgard Development Group. The building is a stunning 22-stories with units ranging from one to four bedrooms. The tower boasts floor-to-ceiling windows that provide an abundance of natural light and stunning views of the Miami skyline and Biscayne Bay.
The Residences at Shell Bay offer a range of amenities that cater to the needs of its residents, including a state-of-the-art fitness center, a swimming pool, and a lounge area. The building also features a 24-hour concierge service and valet parking, ensuring that residents have all the assistance they need to enjoy a comfortable and stress-free lifestyle.
The interior design of the Residences at Shell Bay is nothing short of spectacular featuring high-end finishes and luxurious details, such as Italian porcelain flooring, custom Italian cabinetry, and premium kitchen appliances from Sub-Zero and Wolf. The bathrooms are outfitted with marble countertops, glass-enclosed showers, and designer fixtures.
Residents at Shell Bay enjoy easy access to Miami’s finest attractions. The building is situated just a few minutes away from the city’s best beaches, restaurants, and shopping destinations. The location also provides easy access to some of Miami’s most iconic landmarks, such as the Miami Beach Boardwalk, the Art Deco Historic District, and the Miami Beach Marina.
The golf course is planned to open in Q4 of 2023 and the residences are anticipated to be complete in 2026. If you or someone you know have an interest in purchasing at The Residences at Shell Bay, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
