Financing Secured for The Crosby Miami Worldcenter
The vertical construction of The Crosby Miami Worldcenter, which is positioned to provide further density to the existing buildings at Miami Worldcenter, has been successfully funded with a sizeable $94.2 million by The Related Group and Merrimac Ventures. According to building permits submitted to the FAA in January, the residential tower is planned to rise 33 floors high and is anticipated to reach its peak at about 377 feet above ground, or 390 feet above sea level.
The loan was given to DT G Block LLC, a joint venture organization connected to the developers, by the Arkansas-based Bank OZK. The project’s interior design and architectural design are being handled by AVRO|KO and Cohen Freedman Encinosa & Associates.
The Crosby Miami Worldcenter, which commenced work earlier this year, is planned to have 3,370 square feet of ground-floor retail space and 450 completely furnished, ready-to-rent condos.
The Crosby’s construction should advance more quickly now that the finance is secured. It will stand out for its remarkable architectural design, which embodies contemporary luxury. The tower’s sleek design, which is accentuated by modern finishes, is made to blend perfectly with Miami’s dynamic cityscape.
The Crosby is cleverly constructed to take full advantage of its location, with the lower floors laying out a sizable retail area that is open to the public. The amenities offered by the skyscraper are designed to fit a contemporary urban lifestyle. The Crosby residences’ allowance for completely furnished units to be posted for short-term rentals on websites like Airbnb represents an important trend in the Miami condo market and is a standout feature of the development.
Beauchamp Construction serves as the general contractor and according to the current schedule, The Crosby is expected to be complete in the first quarter of 2025.
If you or someone you know have an interest in purchasing at The Crosby Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Plans for New Residential Project in Miami Announced
In Miami’s Flagami neighborhood, south of Miami International Airport, a developer has plans for a brand-new residential development.
At 5645 Southwest Eighth St., The Richman Group and its affiliates have planned Parkview, a nine-story structure with 120 units, a rooftop pool and amenity deck, and parking for around 194 vehicles.
The proposal was recommended for approval along with a few recommendations by the city’s Urban Development Review Board.
According to Marissa A. Neufeld, an attorney for the developer, the land is divided into three parcels and is bordered to the north by an alley, to the west by an existing commercial complex, to the south by Southwest Eighth Street, and to the east by Southwest 56th Avenue.
Ms. Neufeld noted in a letter to the city that the project will contain a combination of parking for cars and bicycles and that the land is near several forms of public transportation and a major downtown thoroughfare, Southwest Eighth Street.
Behar Font & Partners are the project’s designers.
The property is a terrific location, and although it’s a smaller development it has some extremely fascinating elements, Behar & Font’s Javier Font told the board. According to him, the property features stunning views, including J. Fritz and Frances Gordon Park, which is directly south and across the street.
According to Mr. Font, the structure will have a smaller scale, a lot of glazing, and larger balconies, giving it a more horizontally linear appearance. A fully functional gym, a clubroom, a lobby, and coworking spaces will be available on the ground floor. The pool deck and some residential units are on the ninth story.
Lofty Developers Announce Partnership YUPIX Technology for Meta-Reality Tours
Developer for Lofty Brickell, Newgard announced their collaboration with the immersive technology company YUPIX to provide meta-reality tours of the new construction tower.
YUPIX assists in smarter real estate marketing and sales. It is driven by cutting-edge software technology, including Artificial Intelligence, which creates experiences that are incredibly lifelike. Insightful recommendations that evolve over time based on user feedback are seamlessly combined with the social power of an unrivaled Meta-RealityTM experience.
Participants can actually feel as though they are strolling through the penthouses and opulent amenity spaces of LOFTY and soaking in the breathtaking views of the building from various vantage points thanks to the innovative technology.
According to the CEO of Newgard Development Group Harvey Hernandez, “We always strive to push boundaries and redefine what is possible through our developments. Partnering with YUPIX accomplishes that and showcases LOFTY in a new and innovative way. The LOFTY team cannot wait to welcome our buyers to the LOFTY metaverse.”
The 362-unit LOFTY, designed by Arquitectonica, has 40,000 square feet of thoughtfully chosen amenities, including a private marina, a members-only social club, resort pool deck, and fitness center, indoor/outdoor cigar lounge, co-working lounge, and meeting rooms, along with 309 tower residences, including studio, one-, and two-bedroom units.
The 53-unit Penthouse Collection at LOFTY features roomy two-, three-, and three-bedroom plus den apartments that have been carefully selected and will be outfitted by renowned design firm Artefacto. Penthouses range from $1.95 million to $3.5+ million.
A 5-star alternative for the owner and traveler who might choose to stay and own differently but does not want to give up the services and amenities of a hotel, LOFTY is the next evolution of condo ownership, located just across from Brickell City Centre. Each home will be delivered finished and furnished, and short-term rentals are allowed under professional supervision.
The skyscraper will have the first-ever collection of NFT artwork created just for condo owners, incorporating digital art into the design of the new residential structure and giving ownership of a unique NFT to each unit owner upon closing.
The 44 levels of upscale interiors at LOFTY were designed by INC, the multi-disciplinary INC Studio. The landscape designer is Urban Robot Associates.
The 44-story luxury condominium located at 99 SW Seventh St, Miami is now under construction on the Miami River. The new partnership with YUPIX is expected to boost interest in LOFTY even further.
If you or someone you know have an interest in purchasing at LOFTY, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Ora By Casa Tua Development and Construction Update
An Urban Development Review Board hearing about the construction of the 76-story tower at 1210 Brickell Avenue, Ora By Casa Tua for May 17, 2023.
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.
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.
Shaquille O’Neal to Open First-Ever Big Chicken Restaurant in Miami Florida
Shaquille O’Neal, NBA Hall of Famer, partial owner to restaurant chain Big Chicken, and has recently signed a lease for its first South Florida site.
The new facility is a part of a deal for DMD Chicken, a division of Davie-based commercial hospitality development firm DMD Ventures, to open 45 units throughout Central and South Florida.
According to Fred Burgess, Co-Founder and Co-CEO of DMD Venture,“From the moment we came across Big Chicken, we knew it was a concept worth investing in. We’re thrilled with the progress that we’ve made in opening our first South Florida location in Doral. Doral Place 87 is a bustling shopping center and prime location for the new restaurant.”
The DMD Chicken leadership group also includes co-CEO Jack Flechner and COO Kurt Petterle in addition to Burgess. Together, they manage franchise locations for numerous companies, such as Candlewood Suites, Papa John’s, and Twin Peaks.
Along with Burgess, the co-CEO Jack Flechner and COO Kurt Petterle make up the DMD Chicken executive group. Each of them is in charge of a franchise location for a different company, such as Twin Peaks, Papa John’s, or Candlewood Suites.
Currently, Big Chicken has eateries in Houston, Seattle, Las Vegas, Los Angeles, and a number of sports arenas, in addition to three Carnival cruise ships.
The original KFC restaurant The Big Chicken is located in Marietta, Georgia. It was erected in 1963, damaged by a storm in 1993, and restored again in 2017. In 2017, it underwent a $2 million rehabilitation project.
Before the end of the year, the fast-casual chicken chain is expected to operate at 5635 NW 87th Avenue in the Doral Place 87 shopping area.
CEO of Terra Group Sells Grove at Grand Bay Penthouse for $17.9 Million
CEO of Terra Group David Martin recently sold his penthouse at Grove at Grand Bay for $17.8 million.
The 9,541-square-foot, five-bedroom apartment at 2675 South Bayshore Drive was sold under the name GBPH Investments LLC.
Records show that a trust run by James Zubok and Leon Medzhibovsky purchased the penthouse. Medzhibovsky is a partner at DLA Piper and Zubok is a private equity investor.
David Martin’s penthouse had been advertised on and off for years, with a $28 million asking price at one point while the tower was still being built. Eloy Carmenate, Mick Duchon, John Gomes, and Fredrik Eklund brought it back to the market for $25 million in 2018 then for $19.8 million in late 2019. Summer of 2022, the unit was listed at $26 million.
The penthouse unit features 12-foot ceilings, floor-to-ceiling windows all around it, a rooftop pool, and 12-foot doors. Although Martin’s purchase price for the penthouse is unknown, developers frequently receive a sizable discount on their apartments. The price per square foot of the unit was roughly $1,900.
The Bjarke Ingels-designed project, a pair of 20-story twisted towers overlooking Biscayne Bay in Coconut Grove, was constructed by Martin’s Terra. The construction was finished in 2016. Billionaire Mike Fernandez, former baseball star and real estate investor Alex Rodriguez, and Martin’s father, Pedro Martin, have all purchased properties.
Since finishing Grove at Grand Bay, he has collaborated with Jorge Pérez’s Related Group to construct the three Park Grove towers in Coconut Grove and is currently constructing the Mr. C Residences condo towers close by. On the north side of U.S. 1 and 27th Avenue, a mixed-use apartment building with retail space called His Grove Central is also being built.
Outside of Coconut Grove, Terra is involved in a number of projects. The 15.5-acre land owned by Genting Group in downtown Miami is scheduled to be purchased for more than $1.2 billion by a group led by the company and Martin. The transaction, where Martin most likely intends to build a sizable mixed-use community, is anticipated to finalize later this year.
Two Miami Restaurants Added to the Michelin Guide 2023
Two additional Miami restaurants have recently been included in the Michelin Guide’s 2023 edition including Rosie’s in Little River and Jaguar Sun in downtown Miami. The two restaurants were chosen as “Bib Gourmand” restaurants.
The certification indicates that the restaurants are “approachable in terms of price and atmosphere,” according to Gwendal Poullennec, International Director of the Michelin Guides.
Rosie’s, a restaurant that serves Southern food and prime brunch favorites includes fluffy banana pancakes with vanilla custard, deviled eggs with chicharrones, and biscuits in guanciale sauce. Larger appetites can be satisfied with heartier dishes like fried hot chicken and waffles or a hearty serving of fried fish and grits with collard greens.
Jaguar Sun is a popular restaurant noted for its homemade pasta and drinks and is situated in the downtown Miami Alea building. Warm Parker House buns and towering Caesar salads serve as the prelude to dishes like spicy strozzapreti with plump mussels, ‘nduja, and breadcrumbs or umami-packed mushroom tagliatelle.
Other Miami restaurants are on the list and include Brasserie Laurel, Fiola Miami, Lido, Lion & the Rambler, Tambourine Room by Tristan Brandt, The Gibson Room, and Walrus Rodeo.
The news was released ahead of the Michelin Guide Ceremony for 2023, which will be held on May 11 at LoanDepot Park in Miami. When the Michelin Guide Ceremony was first in Miami in 2022, 19 local eateries were named Bib Gourmands, and 11 Miami restaurants received Michelin stars.
Supertall Tower One Brickell City Centre Breaks Ground
Miami’s first ever supertall office tower just broke ground in Brickell.
The groundbreaking includes the demolition of a parking structure that is currently on the site. Major Suarez, representatives from Swire and Related were in attendance.
Project approval came in September 2022 after city commissioners voted unanimously on the 1,049 foot One Brickell City Centre. The 80 story tower will be crowned the largest building ever building in the city of Miami
The skyscraper will be connected to Brickell City Centre, which was built by Swire Properties and has over 500,000 SF of retail, eating, and entertainment space, and will be situated at 700 Brickell Avenue and 799 Brickell Plaza. The project will feature 1.6 million square feet of office space.
The news represents strength and expansion for the Miami office market, which continues to draw major financial and technological firms from high-tax areas like New York and California.
Swire Properties and Related are listed as the developers for this project.
Introducing Perigon’s Two Story Luxury Penthouse
New developments are popping up everywhere throughout Miami but one of the most opulent new construction towers in Miami Beach stands out from the crowd with the unveiling of its new penthouse at The Perigon.
Penthouse West is a $37 million residence situated over two levels and is the first penthouse to be unveiled at the new condominium project. Four bedrooms, five bathrooms, and expansive living areas are housed in 5,685 square feet of inside space, while an outside sanctuary is made up of an additional 6,487 square feet. The residence, positioned atop the contemporary 17-story tower, also offers magnificent views of the beach, the Atlantic Ocean, and the developing Miami cityscape.
Designer Tara Bernerd, renowned for her ultra-luxury work on single-family houses, yachts, and condo buildings, created the interiors of the building, including the penthouse. She used organic fabrics that go well with the stone, wood, and glass components as well as high-end finishes throughout the entire building.
The 22-foot ceilings in the double-height great room, one of the home’s many remarkable design features and amenities, steal the show. This space, which leads to a wraparound terrace, serves as the residence’s focal point. Here, Bernerd employed materials including Italian walnut, European white oak, and honed white marble with a subdued color scheme. With its high-end highlights and designer touches for occupants who are decor-conscious, the light-filled penthouse has the air of a five-star resort. Additionally, each room has a private terrace area and an en suite bathroom with a luxurious soaking tub.
Penthouse West is known for its indoor-outdoor lifestyle, and in addition to the various outside terraces, there is also a private, manicured rooftop. The landscapes featured in the facilities of the property and the garden in the penthouse were both designed by Gustafson Porter + Bowman, the same company in charge of the landscaping around the Eiffel Tower. The house also boasts a sundeck, a sunken 30-foot infinity pool, a full outdoor summer kitchen, and outdoor dining.
More than 20,000 square feet of amenity space are available to residents of The Perigon, including a breakfast and sunset lounge, a residents-only private restaurant, and a speakeasy run by chef Shaun Hergatt, a veteran of Michelin-starred establishments. Additionally, there is a cabana-equipped oceanfront pool, a terraced fitness center, a private salon, a screening room, a kids’ play area, and a pool room.
Vivo! Entertainment at Sweetwater Mall to Open Summer 2023
Thanks to a sizable new entertainment complex that combines popular national hotspots and a little bit of hometown Cuban flair, Miami’s Dolphin Mall is getting a little makeover.
Vivo! Dolphin Mall, a 62,000-square-foot dining and entertainment area, is slated to debut this summer at the Sweetwater Mall, which already contains a movie theater and a bowling alley. It is the creation of Live! Hospitality and Entertainment.
The new venues will make use of a vacant structure and be situated next to the Cheesecake Factory and the parking lot at the entrance to the mall.
Vivo! will feature Sports & Social, a restaurant, bar, and sports viewing venue with three bars, live music, and other entertainment. On game days, a 50-foot LED screen with fan live cameras, competitions, and music and lighting effects can display many games and matches while also having arcade games, foosball tables, and other amenities.
James Beard candidate Chef John Suley, who will handle lunch, dinner, and brunch options, will curate the cuisine. Consider beef barbacoa tacos, cacio e pepe arancini, crispy kataifi-wrapped shrimp, and truffle mushroom flatbread. A sandwich with Nashville spicy chicken will also be available.
PBR Cowboy Bar is located right next to the enormous sports bar concept and may be unfamiliar to Sweetwater. The lack of cowboy and country music-focused bars in Miami, according to Judy Moore, senior vice president of Live! Hospitality is what makes the location ideal. The entertainment ranges from mechanical bull riding to VIP bottle service.
The Blue Moon Garden Bar and a Miller Light Bar will serve beverages, and Miami classics like croquetas and pan con lechon will be available from neighborhood star Sergio’s Cuban American Kitchen. There will also be a variety of food trucks at the plaza, according to Moore.
Vivo! Dolphin Mall is located at 11401 NW 12th Street in Miami and will open this summer.
