First Rendering Revealed of New Supertall Tower by Major Food Group-Major Residences
JDS Development Group has partnered with Major Food Group to build one of the tallest residential towers in Brickell. Today, the developer has released the first official rendering along with some construction updates.
The project (now renamed 888) will be located at 888 Brickell Avenue with 259 branded units. Rising 82 stories or 1,049 feet tall and just over 1 million square feet in, this will be Major Food Groups’ first residential project.
Studio Sofield is the architect designing the tower, lobby, and units. Ken Fulk Inc. will be responsible for the club, food, and beverage spaces.
With Major Food Group expansion in South Florida with Carbone, ZZ’s, and many more, you can expect to have 2 to 3 Major Food Group restaurants and bars.
Major Food Group has more than 30 restaurants, clubs, and hotels in the United States and overseas. This project is currently being reviewed by Miami-Dade planners for approval.
There are currently 8 supertall towers planned for Miami including:
First Look: Bentley Residences Scale Model and Sales Center Revealed
Today our team got the privilege of being the first to tour the new Bentley Residences Miami Sales Center and the one word that keeps playing through our heads is stunning. This sales center is so unique and every detail is so intricate that we cannot even begin to describe what we saw and heard…but I am going to try.
For starters, the exterior of the sales center is insane (in a good way). When you approach the building, you immediately notice the rust-colored Bentley statue. The outside of the building appears to be all glass reflecting the statue creating a diamond-like effect. The massive Bentley logo is located right outside the entrance.
Once you enter the gallery of the building, you immediately notice the inlaid lighting on the granite floors wrapping around but upward towards the ceiling creating a unique lighting experience. The lounge features comfortable seating and beautiful hardwood floors, and just around the corner is a sky blue Bentley.
During our tour, the scale model arrived at the sales center and we got to see the assembly of the model.
A model residence is just after the scale model. Once you enter, you immediately notice the 4 car garage that each residence will offer. After you exit your private elevator to your foyer, an expansive window overlooks your private pool. The open floor plan showcases a custom kitchen, attractive sitting area, and automatically retracting balcony doors. The innovative doors lead to an expansive terrace with a summer kitchen and access to your private pool.
More About Bentley Residences
Bentley Residences will be located at 18401 Collins Avenue and will be considered the world’s first Bentley-branded residential building. The tower will rise 60 stories and feature what only the Bentley brand can offer.
Featuring 216 fully finished units, each condo will showcase open indoor-outdoor floorplans, an in-unit garage with a car elevator, a private balcony, a sauna, floor to ceilings windows, and a pool. These units begin at $4.2 million.
Bentley Residences Amenities
State-of-the-art fitness center
Pool with cabanas
Spa
Restaurant
Whiskey bar
Cigar lounge
Cinema
Landscaped gardens
Dezervator car elevator
Construction is set to begin in 2023 with completion in 2026. If you or someone you know have any interest in purchasing at Bentley Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Cornerstone Group Begins Planning Phase for New Development in Miami-Dade County
Royal Pointe Associates, controlled by executives from the Miami-based Cornerstone Group, submitted a pre-application to county officials for the 5.5-acre property at 11350 Dunbar Drive, which encompasses the majority of the block along Lincoln Boulevard and Booker T. Washington Boulevard. It has a deal with Miami-based Anvil Community Development for the unoccupied site.
Anvil Community submitted plans in 2019 to develop the land with 102 units, but construction has yet to begin. Because the land is in a federal opportunity zone, investors can benefit from large tax breaks.
The project would contain 102 units in four 3-story structures, according to Cornerstone Group’s plan. A clubhouse and 174 surface parking places would be provided. The only thing that would be missing from the development is a pool.
The units would range from 714 to 1,259 sq. ft as 30 one-bedroom units, 60 two-bedroom units, and 12 three-bedroom units.
Before filing official applications, developers submitted pre-applications to gain comments from county employees. The project was designed by Miami-based Burgos Lanza Architects & Planners.
Cornerstone Group sold 27 housing buildings in South Florida to Blackstone in January for a total of $575.7 million. Given the steep rise in rents in Miami-Dade, there is a strong need for additional affordable housing, and Cornerstone Group has the resources to develop it.
Sales for Waldorf Astoria Miami Hotel and Residences Reaches 84% Sold
Developers for the Waldorf Astoria Miami Hotel and Residences have just announced that sales have officially reached 84% prior to breaking ground on the construction site. This is of no surprise considering most the demand for new construction condos in Miami.
Sales were launched in March 2021, and they claim that the market has been so robust that 75 percent of the inventory has been sold in the first nine months.
The 100-story tower assembled to look like staggered glass boxes in downtown Miami is the result of a collaboration between PMG, Greybrook Realty Partners, and Hilton. Rising 1,048 feet tall, Waldorf Astoria Hotel and Residences Miami will be the tallest Miami tower and Miami’s first supertall skyscraper.
This luxury project will include 360 condo residences, 205-key hotel rooms operated by Waldorf Astoria.
Towe Amenities:
Private bar/wine tasting room
Signature restaurant
Meeting and boardrooms
All-day dining brasserie
Waldorf Astoria Kids Club
Peacock Alley
True Waldorf service and concierge
24-hour valet parking
Waldorf Astoria immersive resort-style pool with outdoor cafe and private cabanas
24-hour doormen and lobby desk attendants
Live-in resident manager and 24-hour security
24-hour concierge services as well as access to dedicated on-site professionals
Signature spa
A leading-edge fitness center with private training studios
Owners Lounge with high ceilings, billiard and entertainment room, and adjacent catering kitchen
Private residential pool deck with whirlpools and lounging areas
Frontdoor package and service delivery via signature Concierge Closet
Exclusive Waldorf Astoria Miami access and benefits, including preferred spa and restaurant rates and access to a la carte hotel services
Residence Features:
The latest “smart building” technology with a custom Waldorf Astoria Residences app linking residents to 24-hour concierge services and building amenities
10-foot-high ceilings with floor-to-ceiling windows sporting stunning views of the city, Biscayne Bay, Miami Beach, and the Atlantic Ocean
All residential interiors designed by award-winning interior design firm BAMO
A contemporary lighting package including recessed lighting, dimmers, and lighting control
Includes integrated audio, video, and lighting systems
Fully built-out closets in all residences curated by BAMO
Flooring selections included with specifications recommended by BAMO
Built-in top-of-the-line in-unit washer and dryer
Valet parking included
Pre-wired for high-speed communications and data connection
Sub-Zero and Wolf appliance package with wine storage and integrated paneled microwave, dishwasher, built-in convection oven, and refrigerator/freezer
Kitchens featuring custom Italian cabinetry curated by BAMO
Dornbracht and Duravit bathroom fixtures and accessories
Master bathrooms with rainfall showers and custom Italian vanities
The building was designed by Carlos Ott and Sieger Suarez Architects. The design will resemble nine large, staggered/stacked glass cubes. The interiors of Waldorf Astoria Residences Miami were designed by BAMO.
According to the developers, the ground-breaking is expected to be this summer. Residences start at $1 million and the tower is expected to be complete in 2025.
Triple Tower Development Proposed by Hyatt and Gencom on the Miami River
Hyatt and Gencom have recently formed a partnership with the goal to redevelop downtown Miami’s Hyatt Regency into a 3 tower development site located directly on the Miami River. This development is expected to enhance access in and out of the city, and revitalize a major section of Miami’s riverfront.
The proposal calls for a privately funded makeover that includes a reinvented Hyatt Regency hotel with over 1,500 residential apartments, meeting space, and open-air public space along the Miami River.
Three skyscrapers are planned for the site. 682 multifamily apartments, a 615-room Hyatt Regency with over 100,000 square feet of conference space, and 264 serviced apartments will be housed in Towers 1 and 2, which will rise 61 stories.
Tower three, which is expected to have 860 residential units, will be one of South Florida’s highest structures dubbing it a supertall tower. According to a spokesperson of the joint venture, the supertall tower would be 1,049 feet tall, which is the highest height allowed by Miami’s zoning standards.
The towers will be above a podium structure with 190,000 square feet of Class A conference space, which is a 50 percent increase over the James L. Knight Center’s current capacity.
Tower Proposal
1,806 apartments
20,000 sq. ft. of co-working space
615 rooms under the Hyatt Regency hotel brand
190,000 sq. ft. of meeting space
12,000 sq. ft. of food and beverage/retail space
Restaurant and lounge located in a skybridge linking the two shorter towers just 700 ft high
50,000+ sq. ft. of public space
1,100 parking spaces
Rebuilt riverwalk spanning 480 feet
Covered pedestrian bridge connection to Metromover’s Knight Center Station
Arquitectonica is listed as the architect. Construction on the Hyatt Regency Miami property is planned to begin in 2025 if voters approve the project in November 2022.
Sales Launch for Society Residences in Downtown Miami
In the heart of downtown Miami, sits a new construction site of an up-and-coming tower developed by PMG. Society Biscayne was originally announced as an apartment tower but recently the developer decided to transition the apartment tower into residential units due to the lack of inventory in Miami. Now the property is officially Society Residences.
The construction for the 704 unit tower is currently underway at their site located at 398 NE 5th St in Miami. Rising 47 stories (571 feet) tall, units will be presented as fully finished and fully furnished with luxury amenities and outstanding water views.
Visionaries
Developers: Property Markets Group (PMG) and Greybrook Partners
Architect: Sieger Suarez Architects
Interior design: Cotofana Designs
Building Features
47-story tower located in Downtown Miami
Designed by internationally renowned architecture firm Sieger Suarez Architects
Views of the Miami skyline, unobstructed views of Biscayne Bay and the Atlantic Ocean
Modern Residential Lobby with 24/7 Concierge
Electric Vehicle Charging Stations
Features the Latest Smart Building Technology
Destination Controlled Elevator Dispatch
Smart Package Lockers
Custom Society Residences app, linking residents to concierge services and building amenities- Digital Key- Guest Access- Payments- Package Deliveries- Messages from Management
Dry Cleaning & Laundry Service Lockers
Access-controlled entry points throughout
Valet Parking
Amenities
Lobby with Cocktail Bar and Restaurant by Jaguar Sun®
Over 19,000 square foot double-height amenity deck overlooking Downtown Miami and Biscayne Bay
Curated art and green walls throughout all common areas
132-Foot Resort Style Pool with private lounge areas
16 ft Poolside Screening LED Wall
Lawn with Theater
Sky Entertainment Lounge & Grilling Terrace featuring eight grills
Fully-furnished studios, 1, 2, and 3-bedroom residences
9’2” ceiling height with floor-to-ceiling windows
Balconies with stunning views of Biscayne Bay and the Miami city skyline
Porcelain wood-grain tile flooring throughout
Built-in full-size washer and dryer(in select residences)
Ecobee smart thermostat
Smart keyless entry
Pre-wired for high-speed communications, multiple telephone lines, and cable
Custom kitchen cabinetry by Italian design house Italkraft
Quartz kitchen counters
Frigidaire stainless-steel appliances including microwave, dishwasher, freestanding range oven, and refrigerator
Frameless glass-enclosed showers
Custom Italian vanities by Italkraft
Modern matte black kitchen and bathroom fixtures
Fully built-out California-style closet
Pricing:
Studios from $600K
One bedroom from $800K
Two bedrooms from $1.4M
Three bedrooms from $1.4M
The building is still under construction but the TCO is anticipated to be received by the end of June.
If you or someone you know have any interest in purchasing at Society Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Tibor Hollo’s Record-Breaking Sale and the Development of Miami’s Brickell
Florida East Coast Realty, owned by Tibor Hollo just sold a Miami Brickell development site for a record price, $363 million, to a company in Delaware under the name Florida LLC. The sale price equated to around $3,340 per square foot or around $145 million per acre.
The 2.5-acre site itself is located at 1201 Brickell Bay Drive and has been in limbo for a major development to come in and utilize the property. It is currently approved for 2 supertall towers rising 1,049 feet tall.
The original plan also included 1,120 residential condo units with underground parking and a walkway connecting the two towers. This project itself was referred to as Villa Magna and was proposed in 2006-07 but was later canceled in 2007.
Florida East Coast Realty, Corigin Real Estate Group, and McCourt Global Properties originally planned the 2 tower development with British architect Foster + Partners.
The buyer LLC (Florida LLC) was created in March 2022 and is managed by Randall Davis, a Houston developer. Although listed as a Delaware company, Randall Davis has a Chicago address.
According to county records, Florida East Coast Realty paid $15.5 million for the property in 2000. The current acquisition outperforms the previous record price for the property, established in 2011 when Genting Group paid $236 million for a 14-acre site that was the longtime home of the Miami Herald in downtown Miami’s Arts & Entertainment District.
Tibor Hollo is an American real estate developer and founder of Florida East Coast Realty. Hollo was born in Budapest, Hungary, and obtained his degree in architecture from Ecole Polytechnique Institute before immigrating to the United States with $18 in his pocket.
Before becoming a big name in real estate, he worked at a curtain factory and shortly after became an estimator for a general contractor. He worked at a curtain factory before landing a job as an estimator for a general contractor. During this work, he noticed that a lot of contractors were turning down jobs in New York so he started his own firm. In 1956, on a business trip, he fell in love with South Florida and then sold his contracting company and moved to Miami. He later founded East Coast Realty in 1972.
According to his biography, Hollo only works on one project at a time and never borrows more than 40% of the cost of the project. Hollo is responsible for the creation of the Vizcaya Tower, Opera Tower, Biscayne Bay Marriott, and the Panorama Tower.
Fortune International Group and Blue Road Group Announces Nexo Residences in North Miami Beach
Nexo Residences, a 254-unit condo building with no short-term rental limitations in North Miami Beach, has been launched by Fortune International Group and Blue Road.
The proposed site is located at 13899 Biscayne Blvd., with Blue Road of Bay Harbor Islands and Fortune of Miami having a deal with Aventura-based Tomaja LLC for the 1.74-acre site. Currently on this site is a 36,661-square-foot office structure, built-in 1958, which would be removed.
Nexo Residences, according to the developers, will be the first condo in North Miami Beach to allow short-term rentals. Some investors choose short-term rentals as a method to supplement their revenue by offering properties on home-sharing services like Airbnb.
According to the President and CEO of Fortune, Edgardo Defortuna, “Nexo Residences will serve as the premier short-term rental offering in North Miami Beach, an area that has been underserved in the hotel and rental products; most projects of this kind concentrate in downtown Miami and Brickell.”
The Nexo’s 15-story units would vary from 525-square-foot studios to 2,190-square-foot townhouses pricing beginning in the $400,000s.
Residence Features:
Fully finished
Floor-to-ceiling windows
Porcelain flooring
Built-in bedroom closets
Dedicated lockable owners’ closets
Expansive balconies with glass railings
European style kitchens
Quartz counters
Matte black fixtures
Smart key access
Self-service package system
Amenities
Lounge
Tech hub with a café and coworking space
Playground
Clubroom
Fitness center with a yoga studio and virtual trainer
Rooftop observatory deck
Pool deck
2 Spa pools with loungers
Private event area
The project will be designed by Frankel Benayoun Architects with landscapes and interiors by Urban Robot. According to the press release, Fortune International Group and Blue Road hope to break ground by the end of 2022.
Okan Tower Reaches $39 Million in Sales in 1 Month-Groundbreaking Planned for June
Sales have not slowed down for many pre-construction towers in Miami and that list also includes Okan Tower Residences. In a recent press release, developers saw just over $39 million in sales for the month of March.
Originally launched in May 2018, Okan Tower was put on hold in early 2020 due to the pandemic. Now the developer, Okan Group, is moving full force ahead. Okan Tower is expected to rise 70 stories tall with 163 condos and 263 condo-hotel units.
The tower will be located at 555 North Miami Avenue in Downtown Miami and will include luxury resort-style amenities, office spaces, entertainment areas, and a 316-key Hilton Hotel.
Prices for units at Okan Tower will begin at $387,000 for the condo-hotel units and $587,000 for the condos and will go up to $2 million. The hotel units will start on the 36th floor with studio to 2 bedroom floor plan options. These floor plans range from 445 to 1,250 square feet.
The condos will then begin on the 51st floor and will feature 1 to 3 bedroom floor plans. These units will have 695to 2,075 square feet of living space.
The tower will also feature a 2-floor penthouse with 1,875 to 2,040 square feet of living space. Okan will also include luxury resort-style amenities.
Amenities
70th-floor rooftop pool
Sky deck with cabanas
12th-floor lap pool
Clubroom and lounges
Health and fitness center
Spa
Children’s room
Theater
Wine cellar
Owner’s lounge
Amenity deck on floors 27-30
Cafe
Bars
Conference and meeting space
Ballroom
Spa with a marble Hamman
The groundbreaking is scheduled for June 2022. This will be the developer’s first real estate project ever.
If you or someone you know have an interest in purchasing at Okan Tower, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
