The Avenue Hotel & Residences Coral Gables, an exclusive 8-story Parisian-inspired neo-classical boutique condominium and hotel, has commenced construction. This prestigious development, situated directly opposite Merrick Park, is the brainchild of Oscar Roger, President and CEO of the esteemed Roger Development Group, a family-run entity renowned in the real estate development and management sector.
The groundbreaking ceremony, a significant event in the property’s journey, was held on November 1st at the project’s sales center at 351 San Lorenzo Avenue. Spearheaded by the formidable father-son duo, Oscar, Sr. and Oscar Roger, Jr., the event was graced by their partners Zarko Cukic, Jose Espantoso, and Veronica Rey, alongside key figures from the design team. This includes Architect Willy Bermello of Bermello Ajamil & Partners, Interior Designer Adriana Hoyos, and Alicia Cervera Lamadrid, a principal figure at Cervera Real Estate. Thornton, the project’s general contractor, was also represented.
The event attracted Coral Gables Mayor Vince Lago and over 75 influential members of the local civic and business community. The gathering was a celebration of the project’s progress, marked by a toast and the ceremonial first sand toss using branded silver shovels.
Oscar Roger, the driving force behind the project, expressed his enthusiasm for this landmark development, emphasizing its alignment with Coral Gables’ world-class standards. Oscar Roger, Jr. highlighted the project’s evolution from a concept to a city-defining landmark, praising Cervera Real Estate for their exceptional sales performance, with over 75% of the units already sold.
Cervera Lamadrid of Cervera Real Estate, the exclusive sales and marketing firm for the project, expressed confidence in its success, citing its exceptional design, quality, and prime location opposite Merrick Park as key factors driving demand.
The Avenue Hotel & Residences Coral Gables is not just a property, but a statement of luxury and exclusivity. It offers 48 residences with sophisticated one- and two-bedroom layouts, ranging from 598 to 1,200 square feet, and priced between $730,000 to over $1.3M. Each unit boasts contemporary Italian-style kitchens and baths, equipped with high-end appliances from Miele, Subzero, or Wolf. The property features over 3,800 square feet of ground floor retail space, a front desk reception, and hotel services designed to elevate the living experience. Amenities include valet parking, newspaper and package delivery services, and a resort-style pool deck on Level 9 with a summer kitchen and dining area.
The project is slated for completion in early 2025, promising to be a beacon of luxury and sophistication in the city.
Construction Update for Namdar Towers
The recent approval of a phased vertical construction permit for Namdar Towers marks a significant development in the Miami real estate. This permit, green-lit on October 12 and issued the following day, sets in motion the construction of a prominent apartment tower in downtown Miami, a project initially proposed in October 2022.
This development is not just a construction project but a strategic investment opportunity. The first phase of construction includes a tower encompassing 680 multi-family rental units, complemented by 5,356 square feet of retail space and a substantial five-floor parking structure. While the main construction permit is still under review, the progress made indicates a strong potential for significant returns on investment.
Looking at the broader scope of the project, hedge fund managers should note the planned expansion to two 43-story towers, as per the UDRB filing. This expansion will further enhance the property’s value, offering a total of 1,394 apartments, 7,984 square feet of retail space, and 336 parking spaces. Such a large-scale development in a prime location like downtown Miami represents a lucrative opportunity for portfolio diversification and growth.
John Moriarty, a name associated with quality and reliability in construction, is the contractor on record for this permit. This association further underscores the project’s potential as a sound investment. For hedge fund managers seeking to expand their real estate holdings, this project offers a blend of scale, location, and quality, making it a noteworthy consideration for portfolio enhancement.
Arbor Residences Announces Construction Completion Date in 2024
The Arbor Residences, a high-end real estate development in Miami, Florida, presents a unique investment opportunity. This project, located at 3034 Oak Avenue in the prestigious Miami-Dade County, is now under the management of Arbor Grove Development LLC, following a strategic transfer of ownership from 3034 Oak Park LLC.
Originally launched in 2017, this five-story development faced challenges, leading to a halt in construction. However, with the new management, the project is back on track, aiming for completion by the third quarter of 2024. This turnaround story is typical of Arbor Grove Development LLC, known for successfully reviving projects on the brink of failure.
The Arbor Residences offer 45 luxury units, with sizes ranging from 1,450 to 3,000 square feet. The pricing starts at $1.4 million, a significant increase from the initial $799,000, reflecting the dynamic changes in the housing market over the past six years. This price adjustment also indicates a strong market demand and potential for substantial investment returns.
The development boasts high-end amenities, including a swimming pool, fitness center, and lounge, catering to an affluent clientele. The project’s location in a sought-after area of Miami enhances its appeal, making it an attractive proposition for investors looking to capitalize on luxury real estate.
As a hedge fund manager, this project offers a compelling investment opportunity. The combination of a strategic location, luxury amenities, and the potential for high returns, especially given the project’s recovery and growth trajectory under new management, makes The Arbor Residences a noteworthy addition to any investment portfolio.
Behar Font & Partners, a renowned architectural firm based in Coral Gables, is behind the design of The Arbor Residences. Their involvement adds an extra layer of credibility and aesthetic appeal to the project. With 36 active projects, their expertise in luxury residential developments is well-established.
Introducing the Pinnacle of Luxury-The $60 Million Penthouse at The Residences at 1428 Brickell
1428 Brickell has just announced the unveiling of its $60 million architectural marvel: a two-story, fully-finished penthouse that crowns The Residences at 1428 Brickell. This luxurious abode spans over 12,000 square feet, with ceilings reaching an impressive 30 feet, offering a panoramic spectacle of Miami’s glittering skyline, the Fort Lauderdale cityscape to the north, the sprawling Everglades to the west, and the vast Atlantic Ocean to the east and south. Spearheaded by Ytech’s subsidiary, 1428 Brickell, LLC, this Miami-based real estate development is on track for completion in 2027.
Yamal Yidios, CEO of Ytech, has articulated a singular vision: to craft a penthouse residence that would redefine luxury living on a global scale. The Penthouse at 1428 Brickell is poised to become a benchmark of opulence and sophistication.
The design, a masterpiece curated by the renowned Milan-based ACPV ARCHITECTS, led by Antonio Citterio and Patricia Viel, pays homage to the architectural and design giants of the 20th century. The likes of Oscar Niemeyer, Luigi Caccia Dominioni, Angelo Mangiarotti, Charlotte Perriand, and Philip Johnson have inspired a space that is a symphony of light, space, and texture, redefining the essence of luxury.
The penthouse is a showcase of exquisite materials such as silk georgette marble, eucalyptus wood claddings, and fluted glass walls—each element meticulously selected by Ytech’s team from around the globe to meet the highest standards of excellence.
In crafting this residence, the development and design teams have meticulously considered every aspect, from the circulation schemes to the strategic placement of rooms, ensuring a harmonious balance between private and communal spaces. The result is a residence that not only boasts a stone-clad sculptural stairway, the result of over 32 design iterations, but also optimizes natural light, ensuring each room glows with the shifting sunlight, enhancing the stunning city views.
The penthouse’s ambitious layout includes a custom-designed library bar, a master bathroom adorned with Salvatori stone, and a walk-in wine cellar. The kitchen, a work of art in itself, will be crafted by the artisans of Vaselli, with a separate chef’s kitchen designed by Italy’s Arclinea.
The Penthouse at The Residences at 1428 Brickell features two stories with 30-foot ceilings, 7 bedrooms, 9 bathrooms, balconies with unmatched views, and three elevators, including a private one leading to the second floor.
The Residences at 1428 Brickell also offers a collection of homes priced from $2 million to $7 million, with sizes ranging from 1,800 to 4,000 square feet. The Penthouse Collection includes lower penthouses starting at $8 million, with sizes up to 10,000 square feet, all featuring water views and a design that maximizes light and space.
The property will also feature over 80,000 square feet of amenity space, including a 10,000 square foot gym, a rooftop pool, a two-story wine and fine art lounge, and more. These amenities, combined with personalized services such as valet, porter, and in-unit package delivery, set a new standard for luxury living.
New Residential Tower Announced in Edgewater-2900 Terrace
A new residential high-rise is poised to redefine the skyline of Miami’s Edgewater neighborhood, presenting a potential investment opportunity. The blueprint, which is currently under the scrutiny of Miami’s Urban Development Review Board, envisions a 38-story edifice, soaring to a majestic 380 feet.
This ambitious project is slated to encompass a total of 324 upscale residential units, with an average size of 1,069 square feet, tailored to meet the expectations of a sophisticated clientele. Approximately 22,354 square feet allocated for office spaces, designed to cater to high-end professional services.
An additional 13,108 square feet dedicated to commercial ventures, likely to attract premium retail brands. Over 10,000 square feet of park and plaza areas, meticulously planned to foster community engagement and vibrant pedestrian dynamics. A substantial parking structure offering 515 spaces across four levels, levels 2 through 5, featuring an aesthetically pleasing artistic screen.
The landscape architecture is set to feature an array of indigenous trees, selected not only for their compatibility with the local climate but also for their capacity to offer ample shade, enhancing the pedestrian experience. The architectural vision for this tower comes from the renowned firm Arquitectonica, known for their innovative designs that blend functionality with visual appeal.
The development is being spearheaded by 2900 Terrace Owner, LLC, a name that may soon become synonymous with luxury living in Miami. The proposal is scheduled for review on November 15th by the UDRB, marking a date of significance for investors looking to capitalize on Miami’s thriving real estate market.
Sales Launch for Bay Harbor Towers
Renowned developers Ari Pearl and Jonathan Leifer have officially launched the sales phase for their anticipated luxury condominium project, Bay Harbor Towers, situated in the picturesque Bay Harbor Islands.
PPG Development, under the leadership of Pearl and based in Hallandale Beach, in conjunction with Leifer’s L3C Capital from New York, are collaborating to bring to life this eight-story, 44-unit residential marvel located at 10143 East Bay Harbor Drive. The condominiums, ranging from 1,900 to 5,000 square feet with prices starting at an impressive $1.9 million for two to four-bedroom residences. Pricing for penthouses have yet to be revealed.
The architectural genius of Kobi Karp, coupled with the interior design finesse of Steven G from Pompano Beach, ensures that Bay Harbor Towers will be a paragon of luxury. Residents will have access to a suite of premium amenities, including both indoor and outdoor swimming pools, thermal wellness experiences with hot and cold plunges, a state-of-the-art fitness center, and full-service spa facilities. An exclusive touch is the addition of private pools for six of the residences. Moreover, the development boasts a 13-slip private marina, elevating the standard of waterfront living.
Pearl anticipates a diverse clientele comprising Northeastern Americans, Europeans, and South Americans, many of whom are in the market for a secondary or tertiary residence. The strategic partnership with Fortune Development Sales is a calculated move to tap into their extensive international network, particularly in the South American market.
The inception of this joint venture was marked by the acquisition and subsequent demolition of a historical structure on the premises, paving the way for this new development. The original Bay Harbor Towers, a 1956 Art-Deco edifice, was sold following the tragic Surfside condo collapse in 2021.
Bay Harbor Towers is set to be a crown jewel among the burgeoning residential developments on Bay Harbor Islands, an area that has recently captured the attention of developers. Pearl, however, cautions that the current lending climate could pose challenges for competing projects.
With secured construction financing, Pearl confidently asserts that Bay Harbor Towers will come to fruition in early 2026.
Art Basel Miami Beach 2023: A Kaleidoscope of Contemporary Creativity
As Fall begins to draw to a close in Miami, the art world turns its gaze to the annual spectacle that is Art Basel Miami Beach. In 2023, this illustrious event continues to be a beacon for art enthusiasts, collectors, and cultural connoisseurs from around the globe. Art Basel Miami Beach is not just an art fair; it’s a cultural phenomenon that transforms the city into a canvas of modern imagination and a stage for avant-garde expression.
Art Basel, which originated in Basel, Switzerland, has become synonymous with the contemporary art scene. Its expansion to Miami Beach has created a unique fusion of artistic innovation and Miami’s eclectic energy. The fair typically takes place at the Miami Beach Convention Center, but its presence is felt throughout the city with satellite shows, pop-up galleries, and exclusive events that make the entire week an immersive experience.
What to Expect in 2023
The 2023 edition of Art Basel Miami Beach promises an array of experiences that cater to the diverse tastes of its international audience. Here’s what attendees can anticipate:
Global Galleries: With over 250 leading galleries from North America, Latin America, Europe, Asia, and Africa showcasing significant works from masters of modern and contemporary art, as well as a new generation of emerging stars, the variety is unparalleled. Paintings, sculptures, installations, photographs, films, and editioned works of the highest quality are on display, offering a comprehensive look at the art of today and tomorrow.
Sectors: The fair is divided into sectors, each offering a different perspective. ‘Galleries’ is the main sector, featuring established galleries’ most important works. ‘Positions’ allows curators, critics, and collectors to discover new talents, with each gallery presenting a major project by a single artist. ‘Nova’ is where new cutting-edge works are presented, created within the last three years. ‘Edition’ features leading publishers of editioned works and prints, and ‘Kabinett’ is a curated exhibition space within the galleries’ booths.
Conversations and Salon: Art Basel’s Conversations and Salon series provide a platform for dialogues and discussions on a range of topics, from the role of art in contemporary society to the dynamics of the art market. These sessions are led by prominent members of the art world: artists, curators, critics, and collectors.
Film: A sector dedicated to films by and about artists. Screenings take place inside the convention center and in the beautiful outdoor setting of SoundScape Park, where a monumental 7,000-square-foot projection wall brings the works to life.
Public Art: ‘Public’ brings sculptures and installations to the picturesque Collins Park, with works by leading and emerging international artists. It’s a chance to see how contemporary art interacts with the urban landscape.
Miami’s Local Art Scene: Beyond the convention center, Miami’s dynamic galleries, private collections, and museums join in with special exhibitions and events. The Design District, Wynwood, and the Museum Park are just a few of the areas where the spirit of Art Basel is echoed.
The Impact Beyond Art
Art Basel Miami Beach is more than an art fair; it’s a cultural event that spills into the streets, beaches, and businesses of Miami. Fashion shows, exclusive parties, and celebrity sightings add to the fair’s glamour, while discussions on sustainability, diversity, and cultural policy reflect its depth and relevance.
Art Basel Miami Beach 2023 is set to be a testament to the power of art to connect, challenge, and celebrate the human experience. It’s a place where the art community comes together to honor the past, present, and future of creative expression. Whether you’re a seasoned collector or a curious onlooker, the fair offers something to inspire and engage everyone who steps into its world of wonder.
As the event approaches, the anticipation builds for what is sure to be another unforgettable chapter in the history of Art Basel Miami Beach. Prepare to be dazzled by the art, the people, and the city, all coming together for a celebration of creativity that knows no bounds.
Jeff Bezos Takes on the Magic City: Inside the Billionaire’s Move to Miami
Jeff Bezos, the trailblazing founder of Amazon and a pivotal figure in the e-commerce revolution, has announced a significant personal transition, opting to relocate to Miami, a city with deep familial ties. This move marks a return to his roots, as Bezos is an alumnus of Miami Palmetto High (’82) and has expressed a desire to be closer to his parents, who have recently moved back to the area.
Bezos’s decision also aligns with strategic shifts in his professional endeavors, particularly the increasing focus of his aerospace company, Blue Origin, on operations in Cape Canaveral. His investment in Miami real estate is substantial, with recent acquisitions on Indian Creek Island totaling over $140 million, signaling a long-term commitment to the region.
This relocation is not just a personal homecoming but also a strategic positioning within a burgeoning hub of tech and finance. Miami has recently welcomed a wave of tech industry leaders and financial magnates, including Paypal’s Peter Thiel and Citadel’s Ken Griffin, enhancing its reputation as a nexus for innovation and wealth.
For Bezos, whose net worth is estimated at $161 billion, making him the nation’s second-wealthiest individual, this move is a blend of personal nostalgia and forward-looking business strategy. His journey from a Cuban immigrant family to the pinnacle of global business underscores a remarkable American narrative of ambition and achievement.
As Bezos transitions to his new Miami base, he brings with him not only his business acumen but also a history of transformative ideas, from his early musings on space colonies to his tangible steps toward space travel with Blue Origin. His move is a testament to Miami’s allure and its rising status as a haven for the world’s elite in technology and finance.
For hedge fund managers and investors, Bezos’s relocation is a signal of Miami’s increasing importance as a financial and cultural hotspot, worthy of attention for both personal and professional considerations.
Construction Update for Two Riverside Tower in Brickell
In the heart of Miami’s Brickell neighborhood, a new chapter in architectural excellence is unfolding with the planned construction of the Two Riverside Tower. This 59-story edifice is not merely a building; it’s a “signature development” that promises to invigorate the Miami Riverfront with its public riverwalk and ground-level commercial spaces, as per the developer’s representative.
Adjacent to this site, the Lofty Brickell project is already taking shape, with its twin towers of 43 and 44 stories, housing 784 residential units, at the One Brickell Riverfront site.
The Two Riverside Tower is ambitiously designed to house 169 residential units, 1,090 square feet dedicated to commercial space, and shared parking facilities with Lofty Brickell.
The proposed riverwalk, an integral part of this development, will extend over 10 feet in certain areas, as revealed in the project filings.
In a significant step forward, the Federal Aviation Administration (FAA) has granted approval for the tower to reach a height of 731 feet above ground, or 733 feet above sea level. This approval addressed to NGD Riverfront LLC in Miami, came through in October 2023.
The Miami River Commission’s Urban Infill and Greenways Subcommittee has already reviewed the proposal on October 16. The full Commission is poised to deliberate on the proposal on November 6.
For the discerning hedge fund manager, Two Riverside represents more than an architectural marvel; it is a beacon of investment potential and urban development. This project not only promises a revitalized riverfront but also signifies the strategic growth and dynamism of Miami’s real estate market.
Unveiling HUB Miami: A Pinnacle of Mixed-Use Innovation in Downtown Miami
In a strategic move that underscores their commitment to innovation and excellence, The John Buck Company, Florida Value Partners, BH Group, and PEBB Enterprises have collectively unveiled HUB Miami. This 41-story mixed-use tower, strategically positioned at 525 NW 2nd Avenue in the heart of Downtown Miami, is poised to redefine the standards of luxury living and premium office space.
HUB Miami stands as a testament to architectural brilliance and thoughtful design, boasting 306 condominium residences and a sprawling 245,000 square feet of Class-A office space. Crafted by the renowned ODP Architects and adorned with interiors by One Line Design Studio, this development seamlessly integrates work and leisure, offering a hyper-connected live-work lifestyle. Its proximity to MiamiCentral Station ensures unparalleled connectivity, facilitating easy travel across major metros throughout Florida.
OneWorld Properties takes the helm as the exclusive sales and marketing brokerage for HUB Miami Residences, with prices starting in the mid $400,000s. On the commercial front, CBRE, a leading real estate firm, will spearhead the leasing efforts for HUB Miami Offices.
Ryan Lovell, Managing Director of Investments at The John Buck Company, expressed his enthusiasm: “HUB Miami marks a pivotal moment for our firm, being our inaugural project in Florida. This development is a strategic response to the burgeoning demand for high-caliber office spaces in Miami, offering a central location and exceptional connectivity.”
HUB Miami Residences introduces a collection of fully furnished residences, starting from the 22nd floor, with a variety of layouts including studio, one-bedroom, and two-bedroom options. Each residence is a paragon of modern luxury, featuring open floor plans, floor-to-ceiling glass windows, and gourmet kitchens equipped with Bosch appliances. A state-of-the-art keyless entry system ensures secure and convenient access for all residents.
Residents of HUB Miami will have exclusive access to a suite of amenities, including a cutting-edge fitness center, spa facilities, resident lounges, and work-from-home spaces equipped with video conferencing facilities. The development also features a Sky Lounge bar, resort-style pool, and 24/7 concierge and security services.
HUB Miami Offices offers an impressive 245,000 square feet of Class-A office space, with floor plates ranging from 18,000 to 32,000 square feet. Tenants will enjoy access to private amenities including a fitness center, tenant lounge, conference center, and 24/7 security services.
HUB Miami is a landmark collaboration between four esteemed developers, creating a unique residential and office offering in Downtown Miami. This development not only enhances the city’s skyline but also solidifies its reputation as a thriving economic hub and a desirable destination for both living and working.
