Breaking Ground at JEM Private Residences Tower at Miami Worldcenter
Miami’s ever-evolving skyline is set to reach new heights with the groundbreaking ceremony of the JEM Private Residences tower at Miami Worldcenter. This monumental event, which took place yesterday, signifies the beginning of an ambitious project that promises to redefine luxury living in South Florida.
What sets the JEM Private Residences apart is not just its soaring height, but also the unprecedented speed at which it has moved from concept to construction. In less than five months since its market entry, the developer, Naftali Group, has propelled this visionary project into reality. Such a rapid development timeframe is a first for South Florida, demonstrating the determination and efficiency driving this endeavor.
Ascending over 700 feet into the Miami skyline, the JEM Private Residences tower will be a beacon of elegance and innovation. Designed by the renowned firm Arquitectonica, every aspect of the tower reflects meticulous attention to detail and a commitment to architectural excellence. From its sleek exterior to its thoughtfully curated interior spaces, the tower promises to offer a lifestyle of unparalleled luxury.
At the heart of the JEM Private Residences tower lies a vision of urban living reimagined. The tower will boast 259 condo units on its upper levels, providing residents with breathtaking views of the city and the ocean beyond. On the lower levels, 530 multi-family units will offer a dynamic and vibrant living experience, complete with modern amenities and conveniences. Additionally, ground floor commercial spaces will contribute to the vitality of the surrounding community, while ample parking ensures convenience for residents and visitors alike.
Behind every great project stands a team of dedicated professionals, and the JEM Private Residences tower is no exception. With Arquitectonica at the helm as the architects and Coastal Construction leading the way as contractors, the project is in expert hands. Together, they bring a wealth of experience and expertise to ensure the successful realization of this ambitious vision.
As construction commences and the tower begins to take shape, anticipation builds for the completion of the JEM Private Residences in 2027.
Redefining Luxury Living: Related Group and GTIS Partners Secure $328 Million for Baccarat Residences Miami in Brickell
In a significant development for Miami’s real estate landscape, the Related Group and GTIS Partners have announced the securing of a $328 million construction loan. This financial backing is set to fuel the ambitious development of Baccarat Residences Miami, an opulent condominium tower poised to grace the iconic Brickell.
The financing, extended by Bank OZK at a competitive floating-rate, marks a pivotal step forward for the project. Berkadia South Florida played a crucial role in orchestrating this substantial loan, with key figures like Managing Director Scott Wadler and Vice President Michael Basinski leading the charge alongside Senior Managing Director Mitch Sinberg and Managing Directors Matt Robbins and Brad Williamson.
Baccarat Residences Miami, a property that embarked on its journey in late 2021 and has since soared to over 95% sold, is currently in the throes of construction. Anticipated to reach completion by early 2028, this architectural marvel promises to redefine luxury living in Miami.
Commenting on this milestone, Jon Paul Perez, President of Related Group, expressed gratitude towards the project’s partners and lenders, emphasizing their shared vision for a skyline-altering development. Perez’s sentiments echo the sentiment of determination and optimism that drives this venture forward.
The infusion of this significant capital into the Brickell area underscores the neighborhood’s thriving status. Despite broader economic challenges, Brickell continues to assert its dominance as a premier destination for businesses and residents alike.
Robert Vahradian, Partner and Head of US Investments for GTIS Partners, highlighted Brickell’s allure, citing its resilience and ongoing evolution as key factors in attracting investment. With notable additions like Citadel and a flourishing retail and cultural scene, Brickell stands as a beacon of growth and potential.
Baccarat Residences Miami, the sister property to the acclaimed Baccarat Hotels & Residences NYC, promises a lifestyle of unparalleled luxury. Boasting 355 residences, including eight exclusive penthouses, the tower is a testament to exquisite design and craftsmanship.
Designed by the renowned firm Arquitectónica, Baccarat Residences Miami pays homage to the storied legacy of the French crystal company while introducing a contemporary architectural masterpiece to South Florida.
Spanning over 75,000 square feet, the tower’s amenities epitomize five-star living, featuring state-of-the-art facilities, a luxurious spa, private marina access, and a curated art collection. Managed by SH Hotels & Resorts, these amenities promise an elevated living experience for residents.
As construction progresses and anticipation builds, Baccarat Residences Miami stands poised to redefine luxury living in Miami, embodying the essence of sophistication and exclusivity.
Transforming Miami Beach – The Shore Club Resort & Residences
Miami Beach renowned for its vibrant culture, stunning beaches, and iconic architecture, is poised to welcome a new chapter in its storied history with the revitalization of The Shore Club Resort & Residences. Developers Witkoff and Monroe Capital have entrusted the renowned Auberge Resorts Collection with the management of this distinguished property, signaling an exciting transformation set to debut in 2027.
The Shore Club, located at 1901 Collins Avenue, stands as a testament to Miami Beach’s architectural and cultural heritage. Designed in 1949 by Albert Anis and featuring The Cromwell Hotel, an Art Deco gem from 1939, this site has long been an integral part of the city’s landscape. Now, under the stewardship of Auberge Resorts Collection, this historic location is set to undergo a remarkable evolution, blending its rich past with contemporary luxury.
In collaboration with Robert A.M. Stern Architects (RAMSA), Auberge Resorts Collection aims to breathe new life into The Shore Club while preserving its historical essence. Plans include the introduction of an elegant 18-story residential tower and an independent villa, paying homage to Miami Beach’s renowned MiMo and Art Deco architectural styles.
The residential tower, with its oceanic curves and layered terraces, offers unparalleled views and innovative living spaces that seamlessly merge indoor and outdoor environments. Meanwhile, The Cromwell Hotel will be transformed into 49 unique residences, each boasting individual floor plans and expansive windows framing the breathtaking seascape.
The Shore Club Resort & Residences will offer a blend of serene beachfront living and vibrant urban experiences. Residents and guests alike will enjoy access to exclusive amenities, including a private fitness center, library, lounge, and residents-only pool. Additionally, the property will feature a signature restaurant, dynamic café and bar, Auberge spa and fitness center, and the Beach Club, ensuring a comprehensive and luxurious living experience.
Alex Witkoff, Co-CEO of Witkoff, expressed excitement about the partnership, highlighting Auberge Resorts Collection’s expertise in curating luxury escapes. Craig Reid, CEO of Auberge Resorts Collection, emphasized the brand’s commitment to expanding its presence in global urban destinations, positioning The Shore Club as a standout destination in Miami Beach.
With its blend of timeless charm and contemporary luxury, The Shore Club Resort & Residences promises to be a beacon of sophistication on the Miami Beach skyline, inviting residents and guests to experience the best that this iconic destination has to offer. As the project unfolds, it is sure to redefine luxury living in one of the world’s most coveted locales.
