Major Food Group does it again with the opening of another restaurant in Coconut Grove and this time, it’s focused on brunch! The restaurant Sadelle’s, which will open mid-December is another New York restaurant that the group has decided to open an additional location in South Florida along with the Italian eatery, Carbone, and ZZ’s Sushi Bar in the Design District.
Sadelle’s will be located at 3321 Mary Street where the former Tigertail + Mary restaurant was located. The building just sold last month in a joint venture with the Terra Group and The Related Group to the developer, Mocca Construction for $5.5 million. That is one of the reasons Tigertail + Mary closed last month was due to this sale. The retail condo space on the main floor was also sold for $6 million to a Mexican Investment Group under the name 2811 SBD LLC.
The founders Mario Carbone, Jeff Zalaznick, and Rich Torrisi signed a 10-year lease for the space. The restaurant will include outdoor space.
According to Sadelle’s website, they are considered to “Serve the best bagels in New York City.” Miami will be the judge of that! Not only do they offer classic bagels, but they also offer chopped salads, sliced to order salmon and sturgeon.
HEALTHY EGG SANDWICH Egg whites, arugula, green chili
EGGS ANY STYLE Scrambled, fried or poached, served with potatoes and bagel
CAVIAR
SOFT SCRAMBLED EGG
LATKE ROYALE
TRADITIONAL CAVIAR SERVICE
SPECIALITIES
GRAPEFRUIT COCKTAIL
FRENCH TOAST
BLUEBERRY PANCAKES
CHEESE BLINTZES
GRILLED SALMON
TROUT MEUNIÈRE
BONE IN STRIP
SIDES
BREAKFAST POTATOES
BACON
SAUSAGE
AVOCADO
SADELLE’S COLESLAW
PICKLES
GLUTEN FREE BAGEL & CREAM CHEESE
BAGEL & CREAM CHEESE
TOASTChallah or Rye
Sadelle’s was also voted 23 Best Brunch Spots in New York City by Harper’s BAZAAR.
New Gin Focused Restaurant Opens in Coconut Grove
Photo Credit: Botánico Gin and Cookhouse
Botánico Gin and Cookhouse has officially opened its doors in Coconut Grove’s Cocowalk and it’s exactly what you think it is! Botánico is the first ‘gin-centric’ eatery offering the most extensive and unique gin-focused cocktails in Miami.
The co-owners, Ricardo Ordoñez and chef Gerardo De Negri are the brains behind the menu and unique concoctions. Ordoñez and De Negri have created such a unique dining experience focusing on modern American cuisine that highlights some Ecuadorian ceviche family recipes.
The gin menu includes 15 gin and tonic botanical variations infusing lavender, lemon, grape, crystallized ginger, and/or green apple. Whether you enjoy citrus, herbs, or fruits, flavors can be fully modified to appeal to any gin connoisseur. Not only does it have a well-versed gin menu but it also features a fully stocked bar with an extensive wine menu.
Photo Credit: Botánico Gin and Cookhouse
Botánico not only features the best gin drinks in Miami, but they also have an extensive wine program featuring over 2,000 bottles from around the world including; Mexico, Croatia, and Uruguay. The wine is stored in a state-of-the-art glass-enclosed and temperature-controlled cellar.
If the cocktail menu doesn’t appeal to you, then you will definitely be satisfied with the food options. The menu highlights octopus carpaccio, duck confit, short rib, and pulled pork. French-themed burgers, marinated shrimp, and their artisan cheese boards are the stars of the menu.
Botánico’s atmosphere is a relaxed sophistication with marble touches, porcelain tiles, and natural woods strategically placed throughout. The rainforest green marble bar wraps around the space creating the perfect ambiance. Two expansive patios with lush landscaping will create the perfect al fresco dining experience. The building itself located at 3015 Grand Avenue, Suite 123 is a 3,009 square foot space with 150 seating availability.
Photo Credit: Cocowalk
Hedge Fund Manager Purchases Coconut Grove Waterfront Mansion for $19 Million
Photo Credit: Toni Schrager
Heath Freeman, the Managing Director for a New York-based hedge fund management company (Alden Global Capital), recently joined the Miami luxury real estate market craze. According to county records, Freeman purchased in the gated community of Camp Biscayne of Coconut Grove.
Freeman, also known as the “Hedge Fund Vampire,” received his name from his company’s aggressive and savvy business strategy. This strategy included buying companies, making aggressive budget cuts while laying off its employees.
These companies mainly included media outlets and many have criticized Freeman’s tactics. Alden recently purchased Tribune publishing, a parent company for the Chicago Tribune, and the Sun Sentinel in May for $633 million.
Freeman purchased the waterfront mansion located at 3503 Main Lodge Drive for $19 million while financing $12.4 million through Wells Fargo. The estate was originally built in 2004 and featured a 12 seat theater room, gym, game room, elevator, and an 8-car garage.
Over the years, the 6 bedrooms, 6 bathroom property received renovations and increased the size to 9,700 square feet. The estate features 1 acre packed with wonderful amenities including soaring windows, Italian Marble and hardwood flooring throughout, an expansive eat-in kitchen, library, and a full guest suite.
Photo Credit: Toni Schrager
The bayfront estate also features a 200-foot boat dock, white sandy beach, 60-foot pool, with tropical foliage covering the property to create optimal privacy. The neighborhood itself features 18 homes in the private Camp Biscayne neighborhood. Camp Biscayne is located near Mr. C Miami, Two Park Grove, and Grove at Grand Bay.
Photo Credit: Toni Schrager
The seller of the Camp Biscayne property, David Ivler President of a Miami-based drone manufacturer, purchased the home in 2004 for $1.5 million and later deeded it to his wife in 2007. The property was originally listed for $22 million in March 2021.
Other waterfront homes in Miami have also sold for elevated prices including Spencer Kupferman, CEO of PKWare, purchasing $12.75 million estate while the previous owner paid $3.6 million.
Photo Credit: Toni SchragerPhoto Credit: Toni Schrager
Top Off for WYND 27 and 28 Towers to Begin Soon
A mixed-use, two-tower project in the Wynwood neighborhood broke ground in March 2021. Located at 129 N.W. 26th Street and 127 N.W. 26th Street gives it the names Wynd 27 and Wynd 28. Construction for these towers is set to top off soon.
According to the contractor’s Instagram, Beauchamp’s administrative staff visited the site to sign the beam for the future top-off ceremony. Kusher Companies and Block Capital Group are responsible for the development.
This project will consist of 152 apartments, 46,000 square feet of office space, 33,500 square of retail space, and 232 parking spaces with three roof decks and a large contemporary outdoor courtyard. One building will rise 5 stories and one will rise 8 stories.
The anticipated completion date for this project is Fall 2022. For more information on this new construction project, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Waterfront Mansion in Coconut Grove Breaks Record at $65 Million
Photo Credit: Pacheco-Martinez & Associates
A new record is in the books for Miami-Dade home sales. A waterfront spec mansion just sold for $65 million. Located in Coconut Grove, this home is the highest price sold residential home in Miami-Dade County history.
According to tax records, the property was traded for $50 million but multiple sources stated the home actually sold for $65 million which included the cost of completing construction on the home.
The home is located at 3488 Saint Gaudens Road and was sold by a company that is managed by Isaac Perez. According to the Real Deal and Tampa Bay Times, Isaac Perez is a longtime Key Biscayne resident who is an heir to a Venezuelan oil fortune.
The buyer is unknown but does have a Delaware LLC. Perez’s sister is also listed as the manager of the company.
The estate features 3 parcels totaling 4.3 acres with a pool deck, jacuzzi, boat dock, and outdoor entertaining space with a waterfall.
The lots were originally a part of a larger property that Perez purchased for $18 million in 2013. The 4th lot that a new mansion was built on was separated and sold a year ago for $6.2 million.
The transaction was financed with a $20 million loan from the Maxim Credit Group. This record sale passed the $50 million 2019 sale of the estate at 3 Indian Creek Island Road.
Related Group CEO Lists Coconut Grove Mansion for $33 Million
Photo Credit: The Jills Zeder Group
Related Group’s CEO Jorge Pérez, also known as the “Condo King,” recently listed his Miami home for $33 million. Located in Coconut Grove at 3323 Devon Court in Huges Cove, a gated community south of downtown Miami. Huges Cove features a total of 10 homes, each with custom architecture overlooking Biscayne Bay.
The Venetian-style mansion is sited on 0.92 acres with over 8,000 square feet of living space. With 6 bedrooms and 7 bathrooms, this unique home was built in 1996 as the family home of Pérez. The Venetian style is evident throughout with its beige travertine floors, light, and airy feel throughout, as well as classic touches of Italian artistry.
Photo Credit: The Jills Zeder GroupPhoto Credit: The Jills Zeder Group
The property is truly a dream with resort amenities, including an infinity pool, spa, and gardens all on 482 feet of water frontage. The property also features exclusive water rights, a boat dock, and incredible views of Biscayne Bay.
According to tax records, Pérez originally purchased the home for $1.45 million in 1994. More recently, Pérez has sold his Apogee Beach penthouse for $6 million as well as the Related Group sold their Miami headquarters for $24 million.
Photo Credit: The Jills Zeder Group
The Related Group is a development company that started in Miami in 1979. Over the years, they have built iconic towers that have enhanced the Miami skyline. Related has built and managed over 100,000 condo towers. Their current projects include; They are currently working on 1400 Biscayne, District 225, and Baccarat Residences Miami.
If you or someone you know have an interest in purchasing any of the Related Group units, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Photo Credit: The Jills Zeder Group
Artefacto-designed 3 Bedroom Condo For Sale at Two Park Grove – Asking $2,994,000
If you’re in town for Art Basel, there’s a spectacular condo at Two Park Grove that you definitely won’t want to miss. It’s unit 4D – an incredibly spacious 3 bedroom, 3.5 bathroom residence featuring 2,917 interior square feet; a 439-square-foot lanai terrace; kitchen appliances by Wolf and Sub-Zero; and soaring, 13-foot high ceilings with floor-to-ceiling glass windows.
Offered fully furnished, unit 4D was designed by Brazilian furniture and interior design company Artefacto. Every high-end developer and top-producing Realtor in Miami knows that if you want something sold for top-dollar, you bring in Artefacto. They have an incredible eye for design and have helped deliver a number of record-breaking sales in Miami and Miami Beach.
What makes this condo especially unique is the lush vegetation that surrounds it. With views from every room of the expertly maintained plantlife and gardens, which were designed by world-famous landscape architect Enzo Enea, it gives the residence a “treehouse” feel. It is truly a one-of-a-kind property. You can see for yourself in the video below, but trust me when I say, the video does not do it justice, especially when it comes to the ceiling height. 13-foot high ceilings are something that can only truly be appreciated in person.
You may recall our absolutely glowing review of Park Grove – Coconut Grove’s newest luxury condo development. In that review, we were thrilled to share that the Terra Group and Related Group collaboration has interior common areas to die for, stunning landscaping and architecture, and a level of service only found in 5-star caliber resorts. Residence 4D at Two Park Grove perfectly exemplifies everything we love about this top-notch project, including luxurious finishes paired with rich textures and greenery, tons of natural light, and a true feeling of exclusivity. Offered fully furnished, unit 4D is asking $2,994,000.
Completed in July of 2018, Two Park Grove features only 67 residences across 23 floors, with the majority of units featuring 12-foot high ceilings. Amenities at Park Grove include: full-service concierge, 24-hour valet parking, 5 acres of landscaping and common grounds, a state-of-the-art fitness center, signature spa, indoor and outdoor yoga and children’s play areas, a 28-seat theater, wine storage, private restaurant, men’s and women’s sauna and steam room, treatment rooms, wine storage, and much more.
If you’d like to learn more or are interested in scheduling an appointment to view unit 4D in person, call us at 305-428-3860 or email us at [email protected].
Introducing Two Park Grove and Club Residences by OMA • Rem Koolhaas
photos by Robin Hill
Ahead of its upcoming Grand Opening Event for Two Park Grove and Club Residences, the developers of Park Grove have released new photos of the ultra-luxe development, showcasing its spectacular residences, views, amenities, and art. I’ve said it once and I’ll say it again, Park Grove has the makings to become Miami’s 2018 Development of the Year. In fact, it stands head and shoulders above ALL condo developments in Miami. When it comes to location, views, quality of finishes, and quality of amenities, Park Grove checks all the boxes. But don’t take my word for it
Park Grove – comprised of One Park Grove (Tower 1), Two Park Grove (Tower 2), and Club Residences (Tower 3) – was designed by Pritzker prize winner OMA/Rem Koolhaas and the world-famous Arquitectonica. While One Park Grove will not be completed until late next year, Two Park Grove and Club Residences were delivered earlier this year with residents already residing in both towers. Park Grove, a collaboration between development titans Terra Group and Related Group, exudes elegance in every sense of the word. The common areas were designed by Meyer Davis (which also designed the common areas at Jade Signature and 1 Hotel & Homes South Beach), kitchens and baths by William Sofield, and landscape architecture by Enzo Enea (whose notable works include the landscaping for Palazzo Del Sol and Oceana Bal Harbour).
Developer inventory still remains for One Park Grove and Two Park Grove, so if you’re in the market for Miami’s finest, I highly suggest that you consider the options. You won’t be disappointed!
photos by Robin Hill
First Look Inside a Unit at Park Grove Club Residences
Photo credit: MLS listing for Park Grove Club Residences Unit 801
As I mentioned in a recent post, closings at Park Grove Club Residences began earlier this month. As expected, sale and rental listings for units in the building are starting to hit the market. Currently, there are two units listed for sale and three listed for rent (although one of the units is listed for sale and rent). Below is the breakdown. The units at Club Residences came with porcelain flooring throughout (including the terraces). Keep in mind, the kitchen finishes that you see above are just one of a few options. Buyers selected their finishes at contract.
For Sale
Unit 2101 – a 3 Bedroom, 2.5 Bathroom residence with 1,390 interior square feet is asking $1,750,000 ($1,259 per square foot)
Unit 1108 – a 2 Bedroom, 2 Bathroom residence with 1,205 interior square feet is asking $1,200,000 ($996 per square foot)
For Rent
Unit 1108 – a 2 Bedroom, 2 Bathroom residence with 1,205 interior square feet is asking $7,500 per month ($6.22 per square foot)
Unit 801 – a 3 Bedroom, 2 Bathroom residence with 1,343 interior square feet is asking $6,900 per month ($5.14 per square foot)
Unit 1102 – a 2 Bedroom, 2 Bathroom residence with 1,117 interior square feet is asking $5,249 per month ($4.70 per square foot)
Below are additional photos of unit 801 (a 3 Bedroom residence that is available for $6,900 per month):
Last Remaining Developer Unit at Park Grove Club Residence
Of the three towers at Park Grove, Club Residences was the first to sell out of developer inventory. In fact, the last unit at Club Residences sold in March of last year. Buyers who had waited too long on the sidelines missed their opportunity…or did they?
I received word a few days ago that one last developer remains at Park Grove Club Residences. it’s from a contract holder who was unable to close. The unit in question is located on the ninth floor, overlooking Coconut Grove. It’s a 2 Bedroom plus Den, 2 Bathroom residence with 1,306 interior square feet plus two balconies totaling 138 square feet. The unit has 10-foot high ceilings with floor-to-ceiling glass windows, white porcelain flooring throughout, a large walk-in closet in the master bedroom, his and her vanities in the master bathroom, and chef’s kitchen with island and appliances by Wolf and Sub-Zero.
The asking price is $950,000 ($727 per square foot). The maintenance dues for units at Park Grove Club Residences is $1.10 per square foot, which would put the dues for this unit at $1,436.60 per month. The monthly dues include a handful of utilities and services such as cable TV, high-speed Internet, water, sewer, and trash removal, along with use of all of the amenities that Park Grove has to offer. In addition, residents of Club Residences have use of its rooftop pool which is exclusive to its own residents (i.e. residents of One Park Grove and Two Park Grove are unable to use it). For those interested in learning more about the development’s amenities and services, be sure to check out my recent review of Park Grove condominiums complete with photos, video, and floor plans.
photos by Robin Hill
photos by Robin Hill
