Rosewood Hotel and Residences Reveals $150 Million Penthouse in South Beach
Rosewood Residences, a 17-story luxury condo tower in the heart of Miami’s South Beach, designed by renowned architect Peter Marino. This project includes a record-setting penthouse, poised to be Miami Beach’s most valuable property, with a valuation exceeding $150 million. Scheduled for completion in 2026, this asset represents a rare opportunity in one of the world’s most desirable real estate markets.
The development, a fusion of high-end hotel, restaurant, and residential spaces, spans three acres on 18th Street and Collins Avenue, incorporating the historic Raleigh Hotel. Managed by the prestigious Rosewood Hotels & Resorts, this project is designed to redefine luxury living, offering unparalleled amenities and exclusive experiences.
At $10 million for a three-bedroom residence, with larger and more exclusive units available, the condominium promises substantial returns. The project’s pricing strategy aligns with luxury real estate trends in major cities like New York. The unique location and high-end offerings of this development present a compelling value proposition for discerning investors.
In 2019, developer Michael Shvo, in partnership with Deutsche Finance Group, acquired and envisioned a transformative project for the iconic Raleigh Hotel and adjacent properties. Shvo’s vision, endorsed by Miami Beach’s mayor, combines historic preservation with modern luxury, creating a unique investment proposition.
Peter Marino’s design emphasizes simplicity, elegance, and unobstructed ocean views, offering a refreshing contrast to typical Miami architecture. The building’s design is a testament to innovation, with units featuring high ceilings and premium materials, curated for an elite clientele.
Managed by Rosewood, the Residences promise a lifestyle of unrivaled luxury. Residents will enjoy hotel-style services, including the US outpost of the famed Milanese restaurant Langosteria. This holistic approach to luxury living makes the Rosewood Residences a standout investment in Miami’s property market.
Michael Shvo’s commitment to creating an unmatched product in Florida’s luxury real estate landscape is evident.
Crafting Elegance Above the Clouds-Unveiling the 56-Story Edition Residences in Edgewater
A significant opportunity has emerged in the real estate sector with the recent submission of a construction permit application for the Edition Residences in Edgewater, a project poised for remarkable returns. This 56-story development represents a strategic investment opportunity.
On December 5th, a comprehensive vertical construction permit application was finalized, following an earlier submission in May which had expired. The latest submission outlines a plan for 187 high-end residential units, coupled with a 13-level parking facility and 3,500 square feet of prime office space.
The project’s scale is impressive, with total new construction covering 1,206,774 square feet. The estimated hard construction cost stands at a substantial $215,750,000, indicating the project’s premium nature and potential for high-value returns.
Coastal Construction, a reputable firm, is on board as the contractor, ensuring quality and reliability in execution. The architectural design of this 649-foot glass tower is being spearheaded by the renowned Arquitectonica, promising a blend of luxury and innovative design.
Moreover, the project is advancing with separate applications already in process for a total demolition permit of an existing older condo building on the site, as well as a seawall permit, paving the way for this new landmark development.
This project presents an exceptional investment opportunity, combining luxury, innovation, and strategic location, making it an ideal addition to any high-yield real estate investment portfolio.
4241 Aurora Ushers in New Era of Upscale Living in Coral Gables
The recent approval of 4241 Aurora, a new project by Miami’s renowned real estate developers Constellation Group and The Boschetti Group, presents a unique investment opportunity. This Mediterranean-style mixed-use development, masterfully designed by the globally acclaimed Arquitectonica, is strategically positioned at 4241 Aurora Street in Coral Gables’ innovative Design and Innovation District. This development not only signifies a successful navigation through a stringent approval process but also introduces an upscale, mixed-use residential and commercial hub in the thriving heart of Merrick Park, Coral Gables’ prime shopping and entertainment zone.
Eduardo Otaola, Managing Principal of Constellation Group, emphasizes that 4241 Aurora is set to become a vital asset in Merrick Park, enhancing the district’s growing allure as a global destination with high-end amenities including premier restaurants, educational institutions, parks, and international business hubs.
Jose Boschetti from The Boschetti Group highlights the project’s commitment to creating a dynamic environment that fuses luxury living with substantial business and community growth opportunities. This development is poised to be a significant addition to Coral Gables, contributing to the city’s legacy of excellence.
4241 Aurora offers an enticing composition of eight floors of luxury residential condos, coupled with three levels dedicated to parking, retail, and office spaces. The development, standing at 137.5 feet, will feature a 5,000 square-foot park with verdant landscaping, public art, and ground-floor retail overlooking Merrick Park.
The residential segment provides a range of condominiums from two-bedroom units of 1,016 sq. ft. to larger three-bedroom residences with dens of 1,860 sq. ft. Exclusive amenities include a grand lobby, a rooftop lounge for residents, a state-of-the-art fitness center, a swimming pool, a pickleball court, commercial retail spaces, and outdoor dining areas with grilling stations.
Projected to break ground in the second quarter of 2024, 4241 Aurora is a prominent addition to Constellation Group’s portfolio in South Florida. The firm’s current projects include a luxury boutique office building in Merrick Park, Ella Miami Beach – a 10-story boutique condominium in North Beach, and SeaGlass Cove – a luxury private enclave of 14 oceanfront single-family homes in the Florida Keys. These developments represent substantial investment opportunities in some of South Florida’s most desirable locations.
Kushner Companies Unveils Plans for an Exclusive Luxury Development in Surfside Miami
Kushner Companies, a prominent New York-based investment firm, is poised to make a strategic expansion in the high-end real estate market with its latest acquisition: a 2.23-acre property in Surfside, purchased for $40 million.
The firm’s plan to develop a luxury housing complex at this prime location is an ambitious project. The proposed 140,637-square-foot apartment building, rising three stories above grade, will offer 87 high-end units. These units, ranging from 1,128 to 2,284 square feet, will provide a mix of one to three-bedroom floorplans, catering to a diverse range of upscale clients.
A key aspect of this development is the integration of a historic building into the modern design, adding a unique appeal to the property. The project will feature over 7,000 square feet of indoor amenities on the ground floor, a rooftop pool deck, and a bespoke 700-square-foot synagogue, enhancing its attractiveness to potential buyers.
Furthermore, the plan includes 194 underground parking spots, addressing a crucial need in the urban landscape. The architectural design, led by Jo Palma & Partners, promises a blend of luxury and functionality, with conceptual renderings showcasing a low-rise building with a swimming pool. The preservation of a 2,250-square-foot historic building, dating back to the 1940s, adds to the project’s exclusivity.
Located at 9300 Collins Avenue, Surfside, Florida, 33154, in Miami-Dade County, this project is not only in a sought-after location but also represents a turnaround story. Previously a distressed development under Eden Surfside LLC, with unfulfilled plans for a townhome and hotel development, Kushner Companies is now revitalizing the site, presenting a potentially high-return investment opportunity.
The Surfside’s Planning and Zoning Board’s upcoming consideration of the proposal on November 30 marks a critical juncture. This project offers a chance to invest in a property with a combination of luxury, historical significance, and strategic location, promising substantial returns in the upscale real estate market.
Amazon’s Strategic Expansion and Bezos’s Personal Move to Miami: A New Era for Investment and Market Dynamics
Amazon and its founder, Jeff Bezos, are charting new courses in Miami. Bezos, ranking second on the Bloomberg Billionaires Index, has already made plans to return to Miami with the purchase of a waterfront mansion on Indian Creek Island. His move is aligning with Amazon’s strategic move to acquire 50,000 square feet of office space in Downtown Miami.
This move reflects Amazon’s broader strategy to consolidate its physical presence, following its push for a return-to-office policy. Despite resistance from employees, Amazon’s firm stance on in-person collaboration underscores its commitment to a traditional work environment, a point of interest for market analysts and investors.
Amazon’s expansion into Miami, joining other major firms like Nvidia, Citadel, and Microsoft, signals a shift towards regions with favorable business conditions and tax advantages. This trend is crucial for analyzing regional market dynamics and potential investment opportunities in real estate and tech sectors.
Bezos’s personal relocation to Miami, where he has invested in high-value properties, aligns with strategic shifts in his post-Amazon ventures, particularly Blue Origin. This move, free from state income and capital gains taxes, offers a financial edge, presenting a case study in strategic personal and corporate fiscal planning.
Capitalizing on Luxury: The Perigon Miami Beach Sets a New Standard in Oceanfront Living
The Perigon, a paradigm of luxury real estate, is set to redefine the Miami Beach skyline. This exclusive 17-story condominium, a strategic collaboration between Mast Capital and Starwood Capital Group, is situated at a prime location on 5333 Collins Avenue. The Perigon represents just that with its OMA-designed architecture and Tara Bernerd’s sophisticated interior aesthetics. Each of the 73 residences, spanning 2,100 to 6,700 square feet, promises unparalleled opulence and privacy, further enhanced by eight private guest suites reserved for owners.
The groundbreaking for this elite property is anticipated in early 2024, with Moss Construction at the helm of the development. The current demolition of the former La Costa condominium is proceeding with precision, indicative of the meticulous planning and execution befitting such a high-caliber project. This careful dismantling is a precursor to the construction of a complex that will not only be a residence but a statement of luxury.
The Perigon’s allure extends beyond its architecture. It offers exclusivity with resident-only amenities, such as a waterfront restaurant led by Michelin-starred Chef Shaun Hergatt, and a private beach club. The units boast 10-foot ceilings, wraparound terraces with sweeping ocean views, and custom Italian kitchens with Sub-Zero Wolf appliances, embodying the very definition of luxury living.
The Perigon is targeting LEED Gold certification, showcasing a commitment to environmental excellence. Set to be completed in 2026 with starting prices of $4.25 million.
The Perigon offers a compelling opportunity for investment in one of Miami Beach’s most luxurious upcoming developments.
Five Park Tops Off Construction
Terra’s President, David Martin, and GFO Investments’ Russell Galbut, proudly announce the topping-off of Five Park Miami Beach, the exclusive high-rise luxury condominium gracing South Beach this year. This architectural marvel stands as the new pinnacle of Miami Beach’s skyline, set to reach 519 feet upon its 2023 completion, and ushers in a novel era of opulent living.
With an elite address at the gateway to Miami Beach, Five Park presents an illustrious combination of a striking residential tower and the serene three-acre Canopy Park, complete with the artistically designed Canopy Bridge. It’s a landmark development that seamlessly integrates the prestigious South of Fifth district with the dynamic West Avenue corridor.
Jay Phillip Parker, head of Douglas Elliman Development Marketing in Florida, emphasizes that Five Park not only redefines the neighborhood’s standard but also embodies the exacting standards of Miami’s elite clientele. This development is a testament to Martin and Galbut’s intricate understanding of the upscale market, delivering a product that is unparalleled in the last decade in terms of quality and sophistication.
The tower, a 48-story monument of luxury, showcases 50,000 square feet of meticulously curated amenities, supported by a dedicated concierge service. Residents have exclusive access to The Park Club on the 6th floor, offering panoramic vistas of the city and bay, alongside a plethora of recreational and wellness facilities. The ground level’s Canopy Park serves as a verdant retreat, boasting a botanical garden and a variety of leisure spaces.
The project’s conception involved an assembly of world-renowned designers and architects, each contributing to the project’s majestic allure. The team’s collective expertise in aesthetics, functionality, and premium service is evident throughout the property, promising an unparalleled residential experience.
In early 2024, the anticipated Canopy Bridge, crafted by the eminent Daniel Buren, will begin construction, providing an exclusive pedestrian linkage that enhances the connectivity and accessibility of this distinguished community.
Riverside Reimagined: The Adler Group’s Pioneering Multifamily Tower Set to Transform Miami’s Skyline
In a strategic move that underscores the burgeoning potential of the Miami River area, the Adler Group, helmed by Michael and David Adler, is set to progress on a 36-story multifamily tower that promises to be a significant addition to the region. The Miami Urban Development Review Board has given its nod to this forward-looking project, Nexus Riverside 1B, which features 345 apartments and a substantial parking garage.
Hedge fund managers should note the project’s departure from previous municipal plans, signaling a shift in the city’s development trajectory and highlighting an opportunity for investment in a dynamically changing landscape.
The Nexus Riverside 1B is not just a residential building; it’s a statement of cultural synthesis, mirroring Miami’s diverse tapestry through its design and an accompanying mural by Chalk And Brush Design. This project, placed strategically at 230 Southwest Third Street, signifies the Adler Group’s deepening investment in the Miami River district, complementing their Modera Riverside venture and setting a precedent for multifamily developments in the area.
For hedge fund managers, this is an alert to Miami’s evolving landscape, where over 10,500 residential units are emerging along the Miami River. The area is becoming a nexus of high-profile developments, including Gencom and Hyatt’s supertall Miami Riverbridge and Newgard Development Group’s Lofty Brickell, heralding a wave of growth and investment opportunities in this prime waterfront real estate.
The Adler Group’s adept move, with its significant historical site acquisition and strategic pivot from a government complex to a multifamily haven, illustrates a keen understanding of urban evolution and the lucrative potential it holds for discerning investors.
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.
