Key International Sets Sights on Miami’s Financial District with a Pioneering Office Tower
In the heart of Miami’s bustling Financial District, Key International, under the leadership of co-presidents Inigo and Diego Ardid, is poised to redefine the skyline with their ambitious plans for 848 Brickell Avenue. This isn’t just another office building; it’s a statement of intent, a 50-story beacon that promises to elevate the standards of Class-A office spaces.
The architectural maestros behind this venture are none other than Skidmore, Owings & Merrill (SOM), the globally acclaimed firm responsible for iconic structures such as the Burj Khalifa and One World Trade Center. Their involvement alone signifies the magnitude and prestige of this project.
Positioned strategically in the sought-after Brickell neighborhood, the tower will be a stone’s throw away from the Brickell City Center and a plethora of upscale dining and retail establishments. Once completed, it will soar to an impressive height of approximately 761 feet, making it a dominant feature of Miami’s skyline.
Diego Ardid, co-president of Key International, shared his vision for the new 848 Brickell. He envisions it as more than just a workspace; it’s a testament to architectural prowess combined with unparalleled amenities that will reshape Miami’s work culture. This isn’t just about meeting expectations; it’s about surpassing them.
The tower is meticulously designed to cater to the burgeoning demand for luxury office spaces in Miami. Boasting 750,000 square feet of office real estate, prospective tenants can expect floor plans ranging from 19,000 to 27,000 square feet, tailored to accommodate diverse sectors such as law, technology, and notably, finance.
What truly sets this building apart is its emphasis on holistic well-being. It’s not just about work; it’s about wellness. The building champions both LEED and WELL rating systems, underscoring its commitment to environmental sustainability and the health of its occupants. Features such as residential-style balconies foster a connection with nature, while a sprawling 40,000-square-foot amenity level, complete with outdoor meeting spaces, lounges, a state-of-the-art gym, an outdoor walking trail, and two regulation-sized Padel courts, ensures that work-life balance isn’t just a catchphrase—it’s a reality.
Nexo Residences Breaks Ground in North Miami Beach
In the heart of North Miami Beach, Fortune International Group, in partnership with Blue Road, has embarked on a groundbreaking venture: the Nexo Residences. This 15-story luxury condominium project, located at 13899 Biscayne Boulevard, is poised to redefine urban living with its innovative home-sharing capabilities.
The architectural brilliance of Frankel Benayoun Architects Inc., combined with insights from the globally acclaimed architect Carlos Ott, has shaped the design of Nexo Residences. Furthermore, the interiors, common areas, and landscaping have been meticulously crafted by Urban Robot. The development boasts 254 fully furnished residences, allowing homeowners unparalleled autonomy in their property’s utilization. These residences range from cozy studios to expansive four-bedroom townhomes, with sizes varying from 531 to 2,190 interior square feet. With prices commencing from the mid $600s, this project offers a diverse portfolio for potential investors.
Edgardo Defortuna, the CEO of Fortune International Group, expressed his enthusiasm, stating, “Nexo Residences has garnered significant attention from global buyers and investors. Its strategic location, coupled with top-tier amenities and the unique opportunity for homeowners to lease their units, aligns perfectly with Fortune’s vision of pioneering projects that consistently exceed expectations through innovation and meticulous attention to detail.”
The name “Nexo,” translating to “nexus” in Spanish, encapsulates the essence of this project. It serves as a pivotal junction, bridging crucial elements and making it an attractive proposition for short-term renters in this burgeoning submarket. The rental flexibility, complemented by a professional management team overseeing operations, enhances its appeal for potential investors.
Jorge Savloff, CEO of Blue Road, highlighted the strategic advantage of the location, emphasizing its proximity to iconic South Florida attractions like the Bal Harbour Shops, Aventura Mall, and a plethora of upscale dining and entertainment venues. He added, “Nexo Residences offers a more family-centric alternative to the bustling tourist hubs of Miami, ensuring a comprehensive and enriching experience for all.”
The amenities at Nexo Residences resonate with the South Florida vacation spirit, catering to both work and leisure. Features include a grand three-story arrival lobby, a state-of-the-art tech hub with coworking spaces, a lavish pool deck, fitness facilities, and a rooftop observatory deck offering panoramic southern vistas. Additionally, entertainment options abound with an outdoor cinema, a versatile clubroom, and a dedicated children’s play area.
An added allure for international investors is the property’s EB-5 designation. This provides a golden opportunity for foreign nationals to embark on the path to U.S. citizenship by investing a minimum of $800,000 in Nexo Residences and adhering to the stipulations set by the United States Citizenship and Immigration Services (USCIS).
Strategically positioned, Nexo Residences offers proximity to business and leisure hubs like Bal Harbour, Aventura, and Sunny Isles. Its location on Biscayne Boulevard, near the Intracoastal Waterway, and equidistant from major airports, further accentuates its appeal for global investors.
Nexo Residences presents a compelling investment narrative blending luxury, flexibility, and strategic location into a package that promises significant returns.
SB Developments Releases Renderings for 55 Story Edgewater Project
In the heart of Miami’s Edgewater neighborhood, a new architectural masterpiece is set to redefine the city’s skyline. Located at 419 Northeast 19th Street, this 55-story tower is a testament to modern design and strategic investment.
The project, occupying a 14,190-square-foot triangular plot near the iconic Margaret Pace Park and Biscayne Bay, is a collaboration between the renowned New York-based architectural firm, Fogarty Finger, and a joint venture of SB Development and Hazelton Capital Group. With a towering height of 641 feet, this development will not only be a significant addition to Miami’s skyline but also a beacon of luxury living.
The tower will house 463 upscale residential units within its 553,673 square feet of space. Residents will have access to a number of luxury amenities spanning three levels, including a rooftop pool, sky lounge, state-of-the-art fitness center, and a game room. Additionally, the building will feature an indoor parking facility with a capacity for 172 vehicles.
The design of the tower is a testament to Fogarty Finger’s expertise in crafting architectural wonders. Known for their iconic designs in New York, such as The Dime and 141 Willoughby in Brooklyn, their entry into the Miami market is marked by a structure that captures the essence of its surroundings. The tower’s design, characterized by its slender and curved profile, boasts curved corners, striking horizontal lines, and a pristine white stucco finish. The wraparound balconies with glass handrails and floor-to-ceiling glazing ensure that residents enjoy panoramic views of the city.
A unique feature of this tower is its base and crown, which share a cohesive design language. The facade is adorned with sections of long, narrow horizontal openings screened with aluminum. The crown, however, stands out with its elegantly curved motif that extends from the rooftop slab, adding a touch of sophistication.
The residential units within the tower cater to a diverse clientele, ranging from studio units of 403 square feet to expansive 4-bedroom units spanning 2,322 square feet.
The current site, known as Parcel B, houses an older condo building set for demolition. The new tower will be integrated with the adjacent property, the Cite’ on the Bay Condominium, enhancing the overall value of the area.
However, the developer is seeking several waivers in connection with the project, primarily due to the unique shape of the lot and to ensure efficient vehicular traffic. These waivers include reductions in setbacks, drive aisle width, parking stall length, and the total number of required parking spaces, among others.
With its modern design, luxury amenities, and prime location, it promises to be a jewel in Miami’s real estate crown.
The Pinnacle of Miami’s Skyline: A New Luxury Office Tower by One Thousand Group
In a move that underscores the ever-evolving skyline of Miami, the One Thousand Group, spearheaded by industry stalwarts Louis Birdman, Michael Konig, and Kevin Venger, has unveiled plans for a state-of-the-art office tower. This ambitious project, set to rise adjacent to the iconic Miami Design District and offer panoramic views of Biscayne Bay, is a testament to the city’s burgeoning status as a global business hub.
The proposed edifice, a 47-story marvel stretching 635 feet into the Miami sky, is the brainchild of KPF Kohn Pederson Fox, a New York-based architectural giant renowned for its global footprint in designing iconic office towers. Their illustrious portfolio boasts landmarks such as One Vanderbilt, the Hudson Yards trilogy in New York City, 52 Lime Street in London, and 18 Robinson in Singapore, to name a few.
The project, tentatively titled “Tower 36,” is set to be a beacon of modern architecture and design. Encompassing a sprawling 1.6-acre plot at the nexus of Biscayne Boulevard and 36th Street, the plans detail over 29,000 square feet of commercial space housed within the building’s podium. Additionally, the tower will feature over 312,000 square feet of premium office space, complemented by a parking facility accommodating 671 vehicles. In total, Tower 36 promises over 610,000 square feet of cutting-edge infrastructure, all while adhering to the Miami 21 Zoning Code.
The One Thousand Group’s vision is clear. As they elucidate, the ongoing migration of corporate giants like Citadel and Microsoft to Florida underscores Miami’s emerging prominence. The intersection of Biscayne and 36th Street is not just a geographical landmark; it symbolizes the confluence of the vibrant Design District and the waterfront splendor of Edgewater. As businesses recalibrate post-pandemic, the demand for world-class office spaces in strategic locations is paramount. The One Thousand Group’s blueprint seeks to amalgamate luxury, top-tier amenities, unparalleled security, and a holistic work environment, reminiscent of their ultra-luxury residential ventures.
Aria Reserve’s Majestic Ascent: A Glimpse into Edgewater’s Pinnacle of Luxury
In the heart of Edgewater, the illustrious Aria Reserve is making waves in the architectural world. The first of its twin towers is not only soaring swiftly but is also accompanied by the promising progress of its counterpart, Aria Reserve Miami North Tower.
Touted as the zenith of waterfront residential projects, Aria Reserve boasts two magnificent 62-story towers, each stretching to a staggering 649 feet. This grandeur isn’t just for show; the developer proudly claims it to be the tallest dual-tower residential venture in the nation.
The South Tower, which witnessed its groundbreaking festivities in May 2022, has achieved another milestone. As per recent updates from L&R, the esteemed shell contractor, the construction has successfully reached the 16th floor.
Parallelly, the North Tower has officially broken ground during a ceremony today with the developer, architect, and Miami Mayor Suarez in attendance. A construction permit was initiated on May 26, 2023. This tower is set to house 360 luxurious condo units, as stated in the permit documentation.
For those keen on specifics, the South Tower’s permit reveals a lavish offering of 383 condo units. Additionally, residents and visitors can anticipate approximately 5,719 square feet dedicated to gourmet dining and another 4,870 square feet for upscale retail experiences. Not to forget, a commodious 9-story parking facility is also in the blueprint.
Behind this monumental project is the renowned Melo Group, wearing both the developer and contractor hats. The architectural genius steering this ship is none other than Bernardo Fort-Brescia from Arquitectonica, a name synonymous with innovative design and unparalleled elegance.
Aria Reserve isn’t just a real estate venture; it’s a testament to luxury, innovation, and architectural prowess.
Erba: A Culinary Ode to Italian Classics with a Miami Twist
Straight from the bustling corridors of Wall Street, where investment strategies and market trends dominate conversations, Chef Niven Patel introduces a refreshing narrative with his latest venture, Erba, in Coral Gables. This Italian culinary haven, while rooted in tradition, is infused with the vibrant essence of South Florida.
Gone are the conventional clams in your linguine al vongole, replaced by the rich flavors of braised Bahamian conch. The menu subtly nods to Miami with hearts of palm taking the place of artichokes and the rotolo pasta boasting calabaza squash.
The heirloom tomato dish, a staple in many Italian eateries, at Erba surprises with smoked grouper tonnato instead of the expected tuna. Even the beloved tiramisu undergoes a transformation, with espresso and rum paying homage to Miami’s Latin heritage.
Strategically positioned in Coral Gables at 227 South Dixie Highway, Erba is a stone’s throw away from Patel’s other masterpieces: the Michelin-acknowledged Orno and the exotic Mamey, both nestled within the luxurious confines of the Thesis Hotel. Erba, a collaboration between Patel and Mohamed Alkassar of the Alpareno Restaurant Group, promises a gastronomic journey spotlighting local treasures.
Chef Patel, a James Beard nominee and recognized as one of Food & Wine’s Best New Chefs in 2020, is renowned for his commitment to sourcing ingredients from his own farm, Rancho Patel. The creation of Erba’s menu, however, took a different approach. Instead of starting with a dish in mind, Patel and his team began with ingredients, crafting dishes around them, resulting in a truly distinctive menu.
The offerings at Erba span from the depths of the ocean to the richness of the land. Classic dishes are reimagined with Patel’s innovative touch, such as the Mishima Reserve Denver steak paired with a tantalizing bone marrow salsa verde. The menu is dynamic, changing with the seasons, ensuring the freshest ingredients grace your plate.
Even the cocktail offerings, curated in partnership with mixologist Scott Beattie of the Michelin-starred Barndiva, showcase the best of Rancho Patel, with concoctions like the Butterfly, a blend of Rancho Patel pea flowers, yuzu, and pickled huckleberries.
While Coral Gables continues to establish itself as a gastronomic paradise, Alkassar is confident in Erba’s unique position. He believes the community values quality, authenticity, and genuine hospitality – principles that Erba embodies to its core.
Strategic Real Estate Moves by Qatar’s Royal Family in Miami’s Financial District
In a significant real estate transaction that has captured the attention of the global financial community, members of Qatar’s esteemed royal family, the Al Thanis, have divested their interests in the SLS Brickell hotel, located in the heart of Miami’s bustling financial district. The property, which stands as a testament to luxury and opulence, was acquired for a sum of $55 million by the Kastrati Group, a conglomerate with Albanian roots.
The SLS Brickell, an architectural marvel situated at 1300 South Miami Avenue, encompasses 124 rooms, translating to a valuation of approximately $444,000 per room. The transaction was facilitated by Miami’s renowned broker, Jordan Karp, who represented both the Al Thanis and the Kastrati Group. Stefano Santoro, a notable figure in the disruptive real estate sector, played a pivotal role in assisting Karp from the buyer’s side. However, the brokers have maintained discretion regarding the intricate details of the buyer’s identity.
This acquisition is particularly noteworthy as it marks the Kastrati Group’s inaugural venture into the U.S. real estate market. Under the leadership of Shefqet Kastrati, the conglomerate boasts a diverse portfolio, spanning sectors such as oil, insurance, construction, and infrastructure.
The SLS Brickell’s history is as intriguing as its architecture. In 2018, an affiliate of the Al Thanis procured the hotel for $43 million from its original developer, the Coconut Grove-based Related Group. The hotel, a 54-story mixed-use edifice, was conceived by the visionary French architect Philippe Starck in collaboration with Miami’s own Arquitectonica. Its offerings include a sprawling 58,000 square feet of event space, gourmet restaurants, upscale bars, a rooftop pool terrace, and grand ballrooms. The management of the hotel is under the aegis of Accor Hotels, a global leader in the hospitality sector.
The real estate landscape of Miami continues to evolve, with the Al Thanis recently divesting an SLS Brickell restaurant space, which was acquired by Robert Rivani’s Black Lion Investment Group for $10 million. Furthermore, the Related Group, in partnership with the Allen Morris Company, has also developed the nearby SLS Lux Brickell Hotel & Residences.
In a broader context, the Miami real estate market has witnessed several noteworthy transactions. Michigan-based hoteliers Malik Abdulnoor and Sahir Malki recently invested $21 million in the Hampton Inn Fort Lauderdale/Plantation. Additionally, the Nakash family from New York, in collaboration with Michael Palmer, acquired the Beacon South Beach Hotel in Miami Beach for $23.5 million.
For hedge fund managers and investors, these transactions underscore the vitality and potential of the Miami real estate market, offering lucrative opportunities for those with a keen eye for value and growth.
Juvia’s Strategic Pivot-a Testament to Miami’s Flourishing Landscape
In the dynamic world of investment, adaptability is paramount. Similarly, in the realm of Miami’s culinary scene, Juvia, the illustrious rooftop restaurant and bar that once held sway over Lincoln Road’s nightlife, has demonstrated this principle. After an impressive 11-year run in Miami Beach, Juvia is set to transition to the Miami Worldcenter—a staggering $6 billion, 27-acre development poised at the epicenter of downtown.
Jonas Millán, the visionary behind Juvia Group alongside his partner Alexandra, remarked on the city’s transformation, “Over the past decade, Miami has transcended its identity as merely a beach destination. Its metamorphosis into a burgeoning metropolis necessitated our evolution.” After meticulous scouting, the Miami Worldcenter emerged as the unequivocal choice for Juvia’s next chapter. Millán envisions the new establishment, slated for a late 2024 launch, to surpass its predecessor in grandeur, boasting expansive outdoor spaces and a more lavish terrace bar.
The Miami Worldcenter, located at 1010 NE Second Ave., is not just a real estate marvel but a culinary hub. It already houses three ventures from the esteemed Chef Michael Beltran’s Ariete Hospitality Group. Furthermore, 2024 will witness the inauguration of several more dining establishments, including New York’s Serafina and Dallas’s Sixty Vines, among others. Beyond gastronomy, the development is set to feature retail giants like Sephora and Lululemon, as well as avant-garde entertainment venues.
Juvia’s culinary direction remains rooted in its legacy—French cuisine infused with Latin nuances. However, with Miami’s dining scene witnessing a renaissance and the city earning Michelin accolades, Millán acknowledges the heightened benchmarks. “The culinary landscape is evolving rapidly. While some perceive market competition as daunting, I view it as a catalyst—an impetus to innovate and elevate our offerings.”
Nitin Motwani, the strategic mind behind Miami Worldcenter Associates, always envisioned Juvia as the crown jewel of the development’s rooftop. Familiar with Millán’s prowess through Bonito St. Barth, Motwani recognized Juvia’s transformative impact on Miami Beach. “Their influence was palpable. Our initial blueprints often echoed the sentiment, ‘Imagine having an establishment akin to Juvia here.’ Their relocation is serendipitous—a confluence of an expiring lease and the allure of what’s poised to become Miami’s nexus.” Motwani envisions the Worldcenter as a tapestry of diverse experiences, with Juvia serving as both a haven for celebratory occasions and a regular dining fixture.
In the high-stakes world of real estate, we understand the significance of strategic shifts and seizing emerging opportunities. Juvia’s transition is emblematic of this ethos—a testament to the vision, adaptability, and promise of Miami’s burgeoning landscape.
South Florida’s Luxury Real Estate Landscape: A Glimpse into the Recent Transactions of Industry Titans
In the ever-evolving world of South Florida’s luxury real estate market, industry leaders from diverse sectors have recently sealed some notable deals. These transactions span the tri-county region, with property values ranging from a commendable $7.8 million to a staggering $10 million.
In the heart of Miami Beach, renowned actor Marjorie O’Neill-Butler parted ways with her cherished waterfront residence, fetching a price of $8.3 million. The new owners of the property at 603 East Dilido Drive on the Venetian Islands are Marcio Pacheco Ferreira and Luciana Augusto Mattoso Ferreira. Pacheco Ferreira is a distinguished partner and senior portfolio manager at Pharo Management, a hedge fund headquartered in New York City. The property, a classic built in 1935, boasts five bedrooms, three bathrooms, two half-bathrooms, and luxurious amenities like a pool and a dock. It was initially listed for $9.5 million last year.
Venturing further into Miami-Dade County, a prominent figure from Disney’s elite circle, Rich Frank, along with Leslie Frank, invested $8.7 million in a condo situated at Estates at Acqualina. Rich Frank’s illustrious career includes his tenure as president of Disney Studios and later as chairman of Walt Disney Television and Telecommunications. The couple’s current venture is the acclaimed Frank Family Vineyards in Napa. This property has also seen other high-profile transactions, including those by a dairy magnate and a jeweler.
Lastly, in the exclusive Admirals Cove community in Jupiter, financiers Tim Garry and Amanda Link sold their waterfront residence for a cool $10 million. The property, now under the ownership of the CKMH Family Trust, is a modern marvel built in 2020. Garry, a pivotal figure at the New York City-based Senator Investment Group, had initially purchased this property in 2021 for $6.5 million.
These transactions underscore the dynamic nature of South Florida’s luxury real estate market, reflecting the preferences and investment strategies of industry moguls.
NoMad Residences Wynwood Introduces a New Chapter in Luxury Living
In the heart of Miami’s vibrant Wynwood district, a groundbreaking collaboration between the esteemed Related Group and Manhattan’s Tricap has taken shape. Introducing the NoMad Residences Wynwood, a luxurious embodiment of the iconic boutique hotel brand, NoMad Hotels, under the aegis of the Sydell Group.
Situated at the prime location of 2700 Northwest 2nd Avenue, a stone’s throw from the globally recognized Wynwood Walls, this nine-story condominium tower is a testament to modern architectural brilliance. Crafted by the acclaimed South Florida-based Arquitectonica, with interiors by the distinguished DesignAgency, the project is overseen by Beauchamp Construction, with MEP engineering by Johnson, Avedano, Lopez, Rodriguez & Walewski Engineering Group, Inc., and landscape architecture by Naturalficial.
Nick Pérez, President of Related Group’s Condominium Division, remarked, “The NoMad Hotels brand, synonymous with a harmonious blend of art and luxury, is the perfect fit for Wynwood. Drawing parallels with NoMad New York’s transformative impact on Manhattan’s North of Madison district, we envision NoMad Residences Wynwood to be a pivotal chapter in Wynwood’s illustrious narrative.”
The residences, echoing the opulence of the NoMad brand, offer a curated experience of a cosmopolitan, art-infused lifestyle. Comprising 329 units, ranging from cozy studios to spacious two-bedroom apartments, each residence boasts floor-to-ceiling windows, private balconies, open floor plans, and spa-inspired showers. The contemporary kitchens are equipped with top-tier Bosch appliances, Italian cabinetry accentuated with brass fixtures, and polished stone countertops.
Andrew Zobler, Founder & CEO of Sydell Group, emphasized the brand’s ethos, stating, “The NoMad Hotels brand is renowned for its distinctive hotels, deeply influenced by their locales. With NoMad Residences Wynwood, our vision was not just to construct homes but to cultivate a community that resonates with Wynwood’s rich, artistic spirit.”
Residents are treated to a fully furnished living experience, with interiors curated by DesignAgency. A unique proposition of the property is its flexibility in rental options, allowing owners to lease their homes for any duration. An adept in-house property management team ensures seamless operations.
A standout feature of the property is its culinary and beverage offerings. The NoMad Bar, a rooftop restaurant and mixology hub, will be spearheaded by James Beard Award Winner Leo Robitschek. Additionally, the ground floor will house Casa Tua Cucina, setting the gold standard for upscale social dining with its expansive open-kitchen concept.
Residents and guests can indulge in a plethora of resort-style amenities, including a rooftop lounge offering panoramic views of downtown Miami, a serviced pool and sun deck, private cabanas, and state-of-the-art fitness facilities. The signature NoMad Library and Lounge will serve as a communal space, offering curated experiences, shared workspaces, and more.
Art aficionados will appreciate the museum-quality artworks from the Jorge M. Pérez Collection adorning the building, with sections dedicated to artists in homage to Wynwood. The locale boasts over 70 art galleries, luxury boutiques, MICHELIN-star restaurants, and the iconic Wynwood Walls.
David Edelstein, Principal at Tricap, encapsulated the project’s essence, stating, “Wynwood is not just a locality; it’s a dynamic nexus of culture, gastronomy, and opportunity. This venture, in partnership with Related and Sydell Group, heralds the onset of an immersive, hospitality-driven residential experience at the heart of Miami’s renowned art district.”
In a recent accolade, NoMad London, a flagship of the NoMad Hotels brand, secured a position on ‘The World’s 50 Best Hotels’ list for 2023, underscoring Sydell Group’s unwavering dedication to excellence in hospitality and design. This commitment is set to be mirrored in NoMad Residences Wynwood, bringing unparalleled craftsmanship to Miami’s bustling Wynwood district.
Pricing for NoMad Residences Wynwood starts in the $600,000’s. If you or someone you know have an interest in purchasing at NoMad Residences Wynwood, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
