Ex-Formula 1 Star Eddie Irvine Lists $38M Waterfront Masterpiece on Biscayne Island

Miami’s luxury real estate market just got another head-turner—this time courtesy of a former Formula 1 icon. Eddie Irvine, the celebrated Ferrari driver turned spec home developer, has officially listed his newest residential creation: a striking modern estate on Biscayne Island, priced at $38 million.

Set at 1061 N Venetian Drive, the nearly 7,000-square-foot residence was completed in 2022 and brings a sleek, contemporary vision to life. Designed by acclaimed architect Max Strang, the six-bedroom, six-and-a-half-bathroom mansion is perched on a 100-foot waterfront lot with sweeping views of Biscayne Bay and the glittering Edgewater skyline. Every inch of the property exudes sophistication, from the rooftop lounge to the infinity-edge pool and private dock.

The interiors are equally luxurious. A private theater, covered outdoor cabana, and expansive primary suite with a secluded terrace add to the estate’s appeal. Crafted for both comfort and entertainment, the home seamlessly blends indoor and outdoor living in true Miami fashion.

Irvine originally acquired the lot for $5.1 million in 2020 and transformed it into a statement of architectural excellence. For those not ready to buy, the property is also available to lease for $160,000 per month—a rare opportunity to experience high-end island living without the long-term commitment.

Since stepping away from motorsports in 2002, Irvine has carved a niche in luxury real estate, developing multimillion-dollar homes across Miami’s most desirable neighborhoods. His previous project, Casa Ischia on Hibiscus Island, was famously vacationed in by Drake and Jay-Z before selling for $27.75 million. At one point, it held the title of the priciest new listing in the U.S., with an asking price north of $70 million.

Related Group & Macklowe Properties Unveil Landmark Residential Project for North Bay Village

A bold new chapter in North Bay Village’s transformation is underway as Related Group and Macklowe Properties submit plans for a striking two-tower residential development at 8000 East Drive. Designed by the acclaimed Arquitectonica, the project encompasses four parcels—7946, 8000, 8010, and 8020 East Drive—and calls for the construction of dual 43-story towers rising over 500 feet in height. Set for review by the North Bay Village Planning and Zoning Board on July 2, 2025, the project is being evaluated through the Special Area Plan (SAP) process, offering zoning flexibility in exchange for substantial community enhancements.

Spanning 4.12 acres, the development will introduce 364 luxury apartments in a mix of one- to four-bedroom layouts, with an average unit size of 2,138 square feet. The North Tower will include 201 residences while the East Tower will feature 163. With just three one-bedroom units, the focus is on spacious multi-bedroom homes, including 161 two-bedrooms, 76 three-bedrooms, and 124 four-bedrooms. Residents will also have access to 798 parking spaces, a ratio of 2.19 spaces per unit, reflecting comparable standards seen in similar high-end projects.

The towers’ contemporary design showcases Arquitectonica’s signature architectural language—curved floorplates, continuous balconies, and a refined façade featuring curtainwalls of reflective glass, white stucco accents, wood-grain steel soffits, and frameless railings. Ground-level elements are activated by tropical landscaping, concrete pavers, and integrated seating areas. The base structure, or podium, houses shared parking, amenities, and serves as the architectural foundation for the towers’ soaring heights. Each building will reach 498 feet to the top floor, with rooftop structures extending the height to 523 feet, as supported by FAA filings.

Together, the towers will encompass more than 1.5 million gross square feet. The North Tower accounts for 677,767 square feet, the East Tower spans 504,433 square feet, and the podium and parking structure adds another 356,716 square feet. Residential floorplates average 27,754 square feet, and levels 1–5 are dedicated to a mix of lobby, amenities, and structured parking, with additional amenity decks throughout.

Public benefit is a cornerstone of the proposal. The developers plan to deliver a new 9,000-square-foot waterfront park and over 1,200 linear feet of Island Walk along Biscayne Bay, far surpassing the SAP’s minimum requirement for public open space. Public art installations are also expected throughout the landscaped areas, further enhancing the community experience.

A robust infrastructure investment accompanies the plan, including a $5 million commitment to seawall repairs and full coverage of water and sewer system upgrades. A traffic study determined that the project would result in only a modest increase in vehicle trips during peak hours, adding minimal delays to East Drive. Meanwhile, sun studies showed that shadows cast by the towers would primarily fall over the bay rather than neighboring properties.

Amenities will span over 100,000 square feet and include indoor and outdoor spaces across the towers’ ground floors, podium deck, and fifth-floor terraces. A 42-slip private marina with a dedicated dockmaster facility will complement the project’s waterfront lifestyle.

The economic impact on North Bay Village is projected to be substantial. Developers have already paid $10 million in Transfer of Development Rights (TDR) fees, which funded the new Village Hall. An additional $2 million will be paid as a height-related fee, and the project will generate $6.2 million in combined impact and building permit fees. Altogether, the $18.2 million in municipal contributions will double the city’s net assets. Long-term property tax revenues are expected to reach $110.6 million over 20 years, amounting to an annual revenue increase of 11% for the city.

City staff have recommended approval of the development, contingent on minor design and planning adjustments. If approved by the Planning and Zoning Board and subsequently by the Village Commission, the development team will be required to secure a master building permit within two years, with the option for two one-year extensions.

As North Bay Village undergoes a remarkable transformation, 8000 East Drive is poised to become a landmark residential address—offering elevated coastal living while delivering meaningful civic and economic value to the community.

Simon Property Group Acquires Brickell City Centre in $512M Power Move

Miami’s Brickell district just witnessed one of its biggest real estate shakeups of the year. Swire Properties, the Hong Kong-based developer that brought Brickell City Centre to life, has officially sold its remaining 75% stake in the retail and parking components of the complex to Simon Property Group for a whopping $512 million.

If you’ve spent any time in Brickell, you’ve likely walked through the sleek, open-air corridors of Brickell City Centre—home to more than 90 luxury and lifestyle retailers, a showstopping Saks Fifth Avenue, and a carefully curated mix of food and drink concepts. Now, the mall’s future is squarely in the hands of one of the biggest names in U.S. retail: Simon.

This acquisition gives Simon 100% control over the 500,000-square-foot shopping center and its underground parking facility, adding yet another trophy asset to their Miami portfolio, which already includes Dadeland Mall, Sawgrass Mills, and Miami International Mall. It’s a strong signal that Simon believes Brickell is still on the rise—and they’re doubling down on experiential, high-foot-traffic properties in urban cores.

For Swire, this sale wraps up a years-long repositioning effort. Over the past few years, they’ve sold off Brickell City Centre’s office towers, the EAST Miami hotel, and nearby development parcels. But it’s not a goodbye—Swire is now focusing on the nearby Residences at Mandarin Oriental, Miami, a luxury condo-hotel project that will rise on the last developable site on Brickell Key.

So what’s next for Brickell City Centre? With Simon at the helm, we can expect new retail activations, events, and perhaps some exciting shifts in the tenant mix to keep up with evolving trends in fashion, dining, and entertainment. This is also part of a broader trend: retail real estate is evolving, and owners like Simon are adapting by creating immersive, lifestyle-driven destinations—not just places to shop.

In many ways, this deal reflects Miami’s maturation as a global city. Institutional investors are all-in on neighborhoods like Brickell, and the demand for luxury experiences—whether in condos, hotels, or retail—isn’t slowing down anytime soon.

Construction Permit Filed for 78-Story Ora by Casa Tua Tower in Brickell

Aria Reserve’s First Tower Now Complete, Setting the Stage for Miami’s Iconic Waterfront Twin Towers

The Melo Group has officially completed the first of two soaring towers at Aria Reserve, marking a significant milestone for what is set to become the tallest waterfront residential twin-tower development in the United States. Located in Miami’s coveted Edgewater neighborhood, the newly finished 62-story South Tower is now ready for occupancy, just two years after breaking ground in May 2022.

The swift delivery underscores the development team’s ambition and efficiency. “We’re moving rapidly toward the completion of the North Tower,” said Martin Melo, Co-Principal at The Melo Group, noting the first tower was delivered in record time. The foundation pour for the South Tower was completed in February 2023, and now construction focus has shifted to the second 62-story tower, which is quickly rising on site.

Once completed, Aria Reserve will be home to approximately 743 luxury condominiums, offering residents panoramic views of Biscayne Bay, world-class amenities, and a prime location minutes from Downtown Miami and the Design District. Adding to the project’s lifestyle appeal is The Flatiron, a two-story waterfront restaurant that will welcome both residents and the public.

In parallel with the progress on the North Tower, Melo Group recently submitted plans to Miami’s Urban Development Review Board for a third building known as Aria Reserve Skyclub. This new 49-story tower will further expand the project’s footprint and enhance its architectural presence along the city’s bayfront skyline.

As Miami continues to redefine modern waterfront living, Aria Reserve is setting a new standard—combining record-setting scale with luxury, location, and visionary design.

Kushner Breaks Ground on Boutique Luxury Rentals at 9300 Collins Avenue in Surfside

A new chapter in Surfside’s residential story has begun. Kushner has officially broken ground on a boutique luxury rental development at 9300 Collins Avenue, just one block from the Atlantic Ocean. With only 68 residences planned across three stories, this rare project brings a curated rental experience to a neighborhood known primarily for its condominium offerings.

Wednesday’s ceremonial groundbreaking was attended by Kushner executives, Surfside Mayor Charles W. Burkett, and local dignitaries, celebrating the start of construction. Completion is anticipated by late 2026.

“We’ve designed this project to elevate the standard of rental living in Surfside while paying tribute to the charm and legacy of the community,” said Nicole Kushner Meyer, President of Kushner.

Architectural design by Palma balances contemporary elegance with Surfside’s existing aesthetic. A key design feature includes the restoration and incorporation of a historically designated 1940s MiMo-style façade along Collins Avenue. This preserved element will act as a distinct entryway, creating a bridge between Surfside’s architectural past and its future.

The landscaping, envisioned by Savino Miller, adds to the appeal with a canopy of mature plantings and greenery that soften the building’s modern form and enrich the pedestrian experience.

The residences will span from studios to four-bedroom floor plans, each crafted with floor-to-ceiling glass, expansive terraces, and high-end finishes typically found in ownership properties. Interiors are designed for seamless indoor-outdoor living, capturing the breezes and ambiance of Surfside’s coastal setting.

Set across 39,000 square feet of amenity space, residents will have access to:

• Rooftop experiences: swimming pool, yoga lawn, BBQ terraces, and panoramic views.

• Indoor comforts: spa with sauna and steam, fitness and yoga studio, theater, poker and game rooms, kid’s playroom, library with private pods, executive suite, coffee lounge, and a 24/7 attended lobby.

The development aims to meet the growing demand for luxury rentals in South Florida’s most desirable beachfront neighborhoods.

“This project represents a unique addition to Surfside’s residential market and fulfills an unmet demand for upscale rentals,” said Michael Sommer, Chief Development Officer at Kushner. “We’ve worked closely with the Town to ensure this development enhances the local fabric.”

As part of Kushner’s wider regional expansion, the Surfside development joins the company’s growing portfolio in South Florida, including major projects in Miami and Fort Lauderdale.

“This is a long-term investment in one of the region’s most refined coastal communities,” added Laurent Morali, CEO of Kushner. “9300 Collins Avenue will be a lasting addition to Surfside’s landscape — thoughtful, respectful, and purposefully different.”

Project Team

• General Contractor: Verdex Construction

• Landscape Architect: Savino Miller

• Civil & Geotechnical Engineer: Langan

• MEP Consultant: Franyie Engineers

• Structural Engineer: Thornton Tomasetti

Kushner is a nationally recognized real estate development and management firm headquartered in New York City. With approximately 10,000 apartments in development and over 27,000 apartments owned across 14 states, Kushner delivers integrated, thoughtfully designed projects that enhance the communities they serve.

New Legislation Signed by Governor DeSantis Aims to Deliver Relief and Reform for Florida Condo Owners

In a major move for Florida’s condominium community, Governor Ron DeSantis has signed two significant pieces of legislation—HB 913 and HB 393—designed to bring much-needed relief to condo owners across the state. These new laws aim to ease financial burdens, strengthen oversight of condo associations, and improve long-term building safety, transparency, and accountability.

The new legislation directly responds to mounting concerns from condo owners about rising maintenance costs, limited transparency, and lack of control within their associations. Key provisions of HB 913 allow for more flexibility in reserve funding requirements and defer costly safety compliance mandates. This includes a one-year extension for reserve study deadlines and a two-year pause on reserve fund contributions, giving associations time to prioritize essential repairs without immediately passing the cost to residents.

Additionally, HB 913 increases the threshold for repairs considered in the Structural Integrity Reserve Study (SIRS) from $10,000 to $25,000, helping associations focus on the most critical structural issues while reducing the immediate financial burden on owners. The legislation also empowers boards and unit owners to hold managers accountable, especially in cases of mismanagement or conflicts of interest.

HB 393 enhances the My Safe Florida Condo Pilot Program, streamlining access to safety improvement grants and reducing the unit owner approval threshold for upgrades. It also prioritizes funding for improvements like roof replacements that qualify for insurance discounts—potentially lowering monthly premiums for owners.

In the short term, these legislative changes may provide welcome relief to Florida condo owners, particularly those in older buildings facing expensive safety upgrades. By pausing reserve contributions and creating more flexible funding mechanisms, owners may avoid sudden, unaffordable assessments. This could stabilize or slightly improve condo market prices in buildings previously viewed as financially distressed or burdened by looming repair costs.

Buyers will also benefit from extended time—now seven days instead of three—to review financial documents, promoting more informed purchasing decisions. Increased transparency may rebuild confidence in certain buildings or associations that had previously discouraged buyer interest.

Over the long run, these reforms could bolster condo property values by increasing financial transparency, ensuring better management practices, and enforcing stricter building safety compliance. By mandating improved record-keeping, open communication, and electronic access to documents and meetings, the legislation encourages more active and informed participation by unit owners. Stronger oversight may also deter mismanagement and fraud, creating more stable and attractive investment opportunities.

Moreover, by linking state grants to insurance discounts and ensuring only safety-compliant buildings are eligible, HB 393 incentivizes long-term structural improvements—potentially leading to more resilient and insurable properties. This, combined with regulatory oversight and better-informed buyers, may strengthen the entire Florida condo market.

Governor DeSantis’s signing of HB 913 and HB 393 marks a turning point for Florida condo communities. These laws offer both immediate financial relief and a blueprint for a safer, more transparent, and better-managed future. For current and prospective condo owners, the changes promise to ease today’s cost pressures while laying the groundwork for healthier property values in the years ahead.

Edge House Miami Pioneers Biosecure Living with Wellness Technology in Edgewater

A new wave of wellness-focused living is coming to Miami’s Edgewater neighborhood. Edge House Miami, a 57-story condominium development by Grupo T&C, has announced it will be the first biosecure high-rise in the area—ushering in a future where health, technology, and flexible living converge.

In a groundbreaking partnership with wellness technology company Clear, Edge House will incorporate advanced systems designed to elevate everyday well-being. ClearCentral, a state-of-the-art water sterilization system, will treat all incoming water throughout the building, ensuring it’s free of contaminants. Complementing this, ClearAir will continuously purify corridor air and filter odors, creating a cleaner, safer indoor environment.

Construction on Edge House began in March. Upon completion, the tower will feature 608 condominium units with short-term rental approval—making it a compelling option for both end-users and investors. Select residences will offer lockout floorplans, enabling owners to rent out private suites independently, enhancing income potential and flexibility.

As demand for health-conscious, tech-enabled living continues to rise, Edge House Miami stands out as a bold example of how residential development can adapt to the evolving priorities of modern urban life.

Continuum Company Introduces Expansive Waterfront Vision for North Bay Village

Continuum Company has unveiled a sweeping new plan for North Bay Village with the introduction of the Continuum Waterfront District—a transformative, mixed-use development designed to redefine the area’s bayfront identity. Spanning over three acres along Biscayne Bay, the two-phase master-planned district was unanimously approved by the Commission and marks a major step toward realizing North Bay Village’s potential as a premier waterfront destination.

At the heart of the project is Continuum Club & Residences, now under construction and nearly 50% sold. This first phase includes over 60,000 square feet of amenities, from a resort-style waterfront pool and wellness center to a private marina and exclusive memberships for yacht clubs, beach clubs, and the elite dining platform, Dorsia. A historic deck will also be restored at the water’s edge, offering a blend of Miami heritage and elevated lifestyle.

The broader Continuum Waterfront District will include:

• Two Continuum Club residential towers

• A Continuum-branded boutique hotel with rooftop pool and lifestyle programming

• Renovated marina and new bayfront boardwalk

• Upscale restaurants, bars, and curated retail storefronts

• Outdoor wellness and green spaces designed for connectivity and walkability

“The Continuum Waterfront District is designed to bring new life to North Bay Village and elevate the experience of waterfront living,” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “We’re grateful for the support of the Commission and are proud to collaborate on a shared vision that aligns with the NBV100 Master Plan.”

Allie Eichner, President of Continuum Florida, emphasized the development’s long-term impact: “This is more than just a real estate project—it’s a rare opportunity to create a connected, livable community that embraces Miami’s bayfront lifestyle and natural beauty.”

Building on the success of Continuum South Beach, the new district reflects Continuum’s continued commitment to thoughtful design, neighborhood revitalization, and creating destination-worthy environments that combine luxury living with civic-minded planning.