Nexo Residences Unveils Townhome Series

In the burgeoning North Miami Beach area, Nexo Residences emerges as a vanguard in the condo market, now offering an exclusive suite of seven townhomes, each embodying luxury, spaciousness, and the unique opportunity for short-term leasing. With prices commencing at $1.23 million, these turnkey residences combine the investment potential of a short-term rental with the privacy and scale of a personal home, thanks to the strategic partnership between Fortune International Group and Blue Road.

The townhomes are strategically nested within the building’s podium along Highland Drive, at 13899 Biscayne Boulevard, providing three and four-bedroom configurations that span 1,547 to 2,094 square feet. Ownership includes the flexibility of seasonal rentals for a minimum of three months, up to thrice annually, positioning these townhomes as a high-demand asset for hedge fund managers looking to diversify their portfolios with passive income streams through home sharing.

Edgardo Defortuna, Fortune International Group’s CEO, spotlights the scarcity of spacious three and four-bedroom condos in the current market, especially those offering seasonal rental flexibility. He emphasizes the added value of Nexo Residences’ townhomes that afford privacy akin to a standalone house paired with the convenience of upscale, on-site amenities.

Crafted by Frankel Benayoun Architects Inc with contributions from the esteemed Carlos Ott, and interior and landscape designs by the distinguished Urban Robot, the townhomes feature gated terraces with summer kitchens, soaring ceilings, and digital enhancements such as keyless entry systems for optimal security and ease.

Beyond the townhomes, Nexo Residences boasts 254 condominium units with varying rental terms, complemented by amenities that include a grand two-story lobby, a tech hub with coworking spaces, a fitness center with a yoga studio, and a luxury pool deck, all designed to meet the high standards of convenience and luxury sought by investors and tenants alike.

The location offers unrivaled access to Miami’s commercial and recreational hubs, with close proximity to two international airports and premier shopping and outdoor spaces, underscoring its appeal to families and seasonal visitors. Jorge Savloff of Blue Road highlights the townhomes’ potential, drawing attention to their unique offering in the short-term rental space, especially in a locality that has lacked such sophisticated rental products.

Miami Officials Plan to Move Office Headquarters to Miami Freedom Park

Inter Miami CF’s new stadium may gain some new neighbors, including the City of Miami’s headquarters. Officials in Miami are looking at a contract to build the municipal administration offices at Miami Freedom Park, a large mixed-use redevelopment of a golf course near Miami International Airport. The MLS team’s stadium would be the site’s main attraction, but there would also be commercial development.

The plan to construct a new municipal administration headquarters has been in the works for more than five years.

City voters approved a referendum to lease the present municipal administrative headquarters in 2018. The current lease includes a 3.15-acre property along the Miami River at 444 S.W. Second Ave., to Lancelot Miami River LLC, a unit of Miami-based Adler Group. The developer intends to build a mixed-use development there.

The agreement also required Lancelot Miami River to construct a new municipal administrative facility of about 230,000 square feet with at least 610 parking spots. The city would fund the building with a special obligation bond, but Lancelot Miami River would be in charge of construction.

The city originally planned to build its administrative center on the 1.6-acre Lancelot Miami River property at 230 S.W. Third St. However, the agreement has not yet been formalized.

The City Commission then approved the lease and development agreement for Miami Freedom Park in April. A 25,000-seat soccer stadium, 1 million square feet of retail and commercial space, and 750 hotel rooms would be included in the project. The proprietors of Inter Miami would completely fund this project, and the location would require extensive environmental remediation.

This new building would take up around 1/4 of the commercial area at Miami Freedom Park.

The current designs for the municipal administrative building, according to David S. Adler, head of Adler Group, are for Miami Freedom Park. This would free up its 1.6-acre Miami River property to expand its mixed-use development.

In April, David Beckham won approval for a land lease for a Major League Soccer stadium in that same location.