Maison Mura, a refined wine and spirits engaging experience, has opened in Downtown Miami at 333 SE 3rd Avenue. The owners and long-time friends Matthieu Yamoum, the former Wine Director of New York’s Baccarat Hotel, and Philippe Vasilescu, the former Brand Ambassador for the prestigious LOUIS XIII Cognac de Remy Martin, will serve and sell an extensive selection of premium wine and spirits, as well as a refined food menu.
Both have extensive and complementary experience in the fine wine and spirits industry and have been working on this project for over 2 years to bring this bespoke experience to Miami.
According to Vasilescu, “At Maison MURA, we love what we do and are excited to offer our guests in Miami a comprehensive wine list and menu that is thoughtful and provides a tailored and memorable experience whatever the occasion is! We will always strive to offer a truly personalized service and consistently propose the finest expertise available to all of our clients.”
Although open to all, Maison MURA also has a membership limited to 150 clients who get priority access to exclusive events, tastings with the world’s top winemakers, and invitations to special events and experiences not only in Miami but all over the world.
Other benefits include early access to pre-sold and “en primeur” wines that are nearly impossible to obtain, priority reservations of the private room for hosting events, and priority storage of any wines and spirits purchased through the shop at their upcoming warehouse. Membership can only be obtained through Matthieu or Philippe. The concept is open daily from 11 a.m. to 10 p.m.
Colliers International’s Ryan Brodsky and Jonathan Carter represented Maison MURA, while Koniver Stern’s Lyle Stern and Kerry Newman represented the landlord in the 2,500 SF lease at Met Square 333 SE 3rd Avenue.
NuVerse Advisors Hedge Fund Relocates to Miami
NuVerse Advisors LLC, a hedge fund located in New York City is relocating to Hallandale Beach.
According to Jaime Moreinis, senior project manager for NuVerse Advisors, the company officially launched its new headquarters this week in a 4,044-square-foot space on the 20th floor of the Optima Onyx Tower at 1010 S. Federal Highway in Hallandale Beach. Additionally, he said, it has reduced its New York presence to a single modest office in the Carnegie Hall Tower.
According to Moreinis, “NuVerse is expanding its presence in South Florida to service its growing international clientele looking to build and add to its multifunctional talent that consists of individuals with many decades of financial services experience.”
In 2001, NuVerse was formed by managing partner Elias Saal, along with Dov Schlein and Stephen Saali. The financial markets data provider Wallmine.com reports that the company is managing $591.64 million in assets. Twelve individuals are currently employed there, according to Moreinis. In addition to its location in New York, NuVerse also maintains a location in Lugano, Switzerland.
According to Moreinis, the business had a smaller branch seal relocated to the neighborhood before it opened in Optima Onyx tower.
More than half of NuVerse’s workforce will operate out of the Hallandale Beach location, which is now larger.
Since the pandemic, the South Florida region has had a greater influx of high-income households, which has boosted the local economy and led to rising rents, brokers and developers have told the Business Journal. New-to-market businesses have been setting up offices in the area as a result of the influx of CEOs and educated workers into the area. Even some companies moved their headquarters.
Aria Development and Merrimac Ventures Buy Miami Worldcenter Site for $17.5 Million for Proposed Condo Building
After purchasing a redevelopment site for $17.5 million, Aria Development Group and Merrimac Ventures have proposed a new Miami Worldcenter condominium building.
According to records, the joint venture paid the labor union $11 million to take over the former Miami headquarters of the International Longshoremen’s Association at 33-55 Northwest Sixth Street. According to a press statement, Aria and Merrimac also paid $6.5 million to acquire a neighboring unoccupied 1.2-acre site from a partner of Miami Worldcenter developers Art Falcone and Nitin Motwani.
The project calls for a 32-story skyscraper with about 600 fully furnished residential units with no limitations on short-term rentals with pricing starting at $395,000.
The final construction plot that was up for grabs in the Miami Worldcenter district was purchased by Fort Lauderdale-based Merrimac, led by Nitin and Dev Motwani, and Miami-based Aria, led by principal David Arditi, according to Mattingly.
Merrimac and The Related Group partnered earlier this year to pay $12 million for another Miami Worldcenter development plot at 601 North Miami Avenue, The Crosby, a 33-story, 450-unit condo tower that will also be accommodating to short-term rentals.
Miami Worldcenter, a $4 billion master-planned mixed-use city, is luring titans of the real estate sector to make investments in the area. For a property at 697 North Miami Avenue that was previously permitted for a 40-story, 429-unit skyscraper, a business connected to WeWork co-founder Adam Neumann received $108 million in construction financing in February. Neumann also owns the Caoba apartment complex, which is a nearby residence.
A.5-acre development site on Northwest 10th Street and North Miami Avenue was purchased by San Antonio-based Lynd Living in August for $30 million. Although a 650-unit apartment building is permitted on the plot, Lynd hasn’t made its official plans public.
One acre at 1016 Northeast Second Avenue, where the New York-based developer intends to construct a two-tower residential complex, was purchased by Naftali Group for $40.5 million a month later.
Waldorf Astoria Residences Miami Sold the Largest Penthouse in the United States
The Waldorf Astoria Residences Miami’s 5-star luxury penthouse, which will grow to be the largest in the country and sit atop Miami’s first supertall tower, has been sold for an undisclosed sum. The tallest residential building south of Manhattan will be the five-story, 33,000+ square foot “Mansion in the Sky.”
For the future of real estate in Downtown Miami, the transaction represents a fortunate start. The unidentified client was looking for an upscale residence, and together with the development team, they created what will serve as the pinnacle of the buyer’s individual real estate portfolio as well as the Miami skyline.
Upon completion, this unique penthouse suspended 1,050 feet in the air, will occupy the top five floors of the skyscraper and provide unmatched vistas in every direction. The home will be just under 34,000 square feet in size and have 10 bedrooms, 11 and a half bathrooms, and ceiling heights of up to 25 feet.
A wall-street-style trading room, safe room, billiards area, private movie theater, screening room with two 90-inch theater screens, three wine cellars, full-scale bar, wellness center with cutting-edge equipment, massage rooms, infrared sauna, and a 20-car garage to house the owner’s extensive car collection are just a few of the extravagant amenities it will feature.
The sole usage of the tower’s private roof deck belongs to the mega-penthouse. Three cabanas, a huge pool, a swim-up tiki bar, an outdoor gym, and a multi-use court for racquetball, pickleball, and basketball are all located on the roof. Other features are currently being finished for the owner.
According to the Managing Partner of PMG, “This penthouse sale is an indicator of the strength and tenacity of the luxury real estate market in Miami, and just how special Waldorf Astoria is to buyers and brand enthusiasts. We are confident in the continued momentum at Waldorf Astoria Miami, and know the property will completely elevate the standard of luxury living as we know it.”
Construction on the Waldorf Astoria Residences Miami is expected to begin on October 27, 2022, and end in 2026.
In order to highlight Waldorf Astoria’s first foray into the Miami market, PMG, along with partners Greybrook, Mohari Hospitality, S2 Development, and the international hospitality business Hilton, set out to build a landmark beacon for the city of Miami. The goal is to offer an aesthetically spectacular structure with expertly built residences and unmatched amenities to Miami’s famous Biscayne Boulevard for residents and future hotel visitors to enjoy. The Waldorf Astoria Miami anticipates ushering in a new era for this magical city as the tallest residential structure south of New York and the first supertall tower in Florida.
The Waldorf Astoria Miami, which is situated at 300 Biscayne Boulevard, will have nine spiraling, offset glass cubes that are evenly placed and covered in what is sometimes described to as a “glass skin” to set it apart from other East Coast properties. In order to develop an iconic edifice in Downtown Miami that offers 360-degree views of Downtown Miami, Miami Beach, and the Atlantic Ocean, Sieger Suarez Architects and famous architect Carlos Ott collaborated.
Additionally, the developers collaborated with award-winning interior design company BAMO, which takes pride in designing enticing surroundings that flow, function, and inspire individuals to live and dream more completely. Along with guest rooms and suites inside the five-star hotel, the resort will have 360 private houses. Peacock Alley, a specialty restaurant, indoor/outdoor pre-function and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.
Renderings Revealed for Namdar Towers
Earlier this month, developer Namdar submitted comprehensive development plans to the city planners for its twin-tower project that will be located in downtown Miami.
A 41-story structure with 680 units and a 43-story building with 714 units would make up the proposed Namdar Towers, which would have a combined square footage of more than 1.2 million.
This project is planned in 2 phases, the 41-story tower will be part of phase 1 while the 43-story tower will be part of phase 2.
Development Information:
1,394 units
Pools
Fitness center
Bowling rooms
Golf simulators
Co-working space
7,984 sq. ft. of commercial space
336 parking spaces in a five-level garage
1,395 bicycle racks
The architect is identified as Behar Font. Permitting for construction and demolition is already in progress.
According to its website, Namdar is a family-owned development company that was established in 1979. Ephraim Namdar, who has previously been named in media sources as the company’s founder and CEO, is in charge of running the LLC that bought the Miami property.
Groundbreaking Announced for Waldorf Astoria Residences Miami
The Waldorf Astoria Residences Miami, which will be the highest residential structure south of New York City, is scheduled to break ground on October 27th, 2022.
The groundbreaking for the 100-story collection of 9 glass boxes in downtown Miami, is the result of an alliance between the New York and Miami-based developer PMG, the Toronto-based private equity firm Greybrook Realty Partners, and the international hospitality giant Hilton.
The 1,049-foot tower will rise at 300 Biscayne Boulevard, which will be located across from Bayfront Park at the northwest intersection of Biscayne Boulevard and Northeast Third Street.
360 individual homes will be included on the site, along with 205 bedrooms and suites in the five-star hotel.
The building will also contain 1,321 square feet of commercial and retail space, as well as parking for up to 694 cars and 350 bicycles.
The third cube, which is located towards the base of the tower, rotates in response to the pool deck, while the second cube, which is placed further to the east, forms an outdoor dining area for an expensive restaurant. The first cube rotates upward at street level to welcome locals and guests while supporting the entire tower.
Peacock Alley, a specialty restaurant, indoor/outdoor pre-function and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.
Residences will feature the newest smart home technology with access to concierge services through a personalized mobile app. The app will have a comprehensive list of services, including the ability to make reservations for meals, 24-hour room service, spa and fitness services, house cars, access to valet service, package delivery, and dog walking.
Sales for the project began in March 2021 and sold 75% within the first 9 months. Now the project is sold out! The designer for the project is listed as BAMO.
The price of a residence begins at $1 million, and PMG Residential is in charge of sales and marketing.
Hilton Management Services will be in charge of running the Waldorf Astoria Residences Miami.
Demolition has already begun on the existing asphalt as well as field site borings being completed. Deep Soil Mix permit has been issued and work was started in July 2022.
The tower is expected to be finished in 2025.
If you or anyone you know has an interest in acquiring it, contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Miami Worldcenter Welcomes Sports & Social-New Bar by Live! Hospitality and Entertainment
Miami Worldcenter and Live! Hospitality & Entertainment has a deal to bring its widely regarded Sports & Social concept to the $4 billion, 27-acre mixed-use development that is reshaping Downtown Miami.
Live! Entertainment’s premier dining, entertainment, sports viewing, and social concept is called Sports & Social. One of the biggest restaurant and entertainment concept creators and operators in the US is Hospitality & Entertainment. The company’s main goal is to build iconic venues near prestigious sports arenas, world-class resort casinos, and popular entertainment and lifestyle areas around the nation.
The Sports & Social Miami Worldcenter location will occupy about 20,000 square feet in the development’s glass-encased “Jewel Box” retail building and will feature an open-air third level and a rooftop restaurant overlooking the World Square public park and plaza. It will be situated just steps from Miami’s FTX Arena.
The establishment will provide sophisticated food and drink options, including made-from-scratch gameday favorites, handmade cocktails, and specialty drinks, like its iconic Crush selection, and a variety of beers from popular local and national beers. A number of special food-related events will be held at Sports & Social, including a brunch experience you won’t want to miss on Saturdays and Sundays that will feature its renowned #brunchtails table drinks and menu favorites like avocado toast, savory breakfast skillets, and its signature Chicken & Bliss.
Sports & Social in addition to offering some of the top sporting events in the area, Miami will host a range of live music performances and unique events throughout the week. With cutting-edge technology throughout, the venue will include a striking 53-foot LED display as its focal point, which will simultaneously stream different athletic events and games.
Additionally, visitors can take part in a variety of games like shuffleboard, Beirut, skeeball, foosball, pop-a-shot, and arcade games. Each location of Sports & Social is uniquely designed with careful attention to every detail by some of the highest profile firms in the world including ICRAVE, Jeffrey Beers International, and Knauer Incorporated. ICRAVE, a highly regarded and award-winning strategy, design, and development company, is creating Sports & Social at Miami Worldcenter. ICRAVE, a Miami- and New York-based company, has been in charge of designing Sports & Social’s nationwide expansion.
Three residential towers, Paramount Miami Worldcenter, Caoba, and Bezel Miami, as well as about 175,000 square feet of retail space, were among the phases of the project that were already finished. A 351-room citizenM hotel and an additional 125,000 square feet of retail space are slated to debut at Miami Worldcenter before the end of the year.
The Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space, as well as the second phase of Caoba, which will encompass an adjacent 40-story tower with 420 apartments, are also under construction. The 52-story Miami World Towers, which will have 550 apartment units, is also under construction.
The Witkoff Group’s three-tower mixed-use project, which will include up to 2,000 residential units as well as 550,000 square feet of office space and an additional 50,000 square feet of retail, is one of the planned developments. The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures, two “supertall” residential towers by New York-based Naftali Group, and The Crosby are a few other projects that are in the works
‘Sports & Social’ will add to Miami Worldcenter’s alluring list of recently revealed tenants, which also includes Sephora, Bowlero, and Lucid Motors as well as two food and beverage concepts, Brasserie Laurel and El Vecino, that will soon open under the direction of Michelin-starred Chef Michael Beltran. Around 110,000 square feet of leased retail space are shared by these seven businesses and the newest tenant of the property in Downtown Miami.
New York Developers Purchase Site to Build a Two Tower Residential Project for $40.5 Million
The Namdar Group recently purchased a development site for $40.5 million with plans to construct a two-tower residential and apartment project in downtown Miami.
According to county records, the New York-based company purchased 1.3 acres in two agreements at 50 and 60 Northeast Third Street and at 222 and 234 Northeast First Avenue.
Namdar additionally obtained a $195 million loan for the purchase and development of the skyscrapers. Scale Lending, a subsidiary of Slate Property Group, supplied the funding.
A 41-story structure with 640 units and a 43-story building with 714 units would make up the proposed Namdar Towers, which would have combined square footage of more than 1.2 million.
According to records, entities led by Daniel Stone paid $30.5 million for the parking lot and land at 50, 60, and 222 Northeast First Avenue as well as the parking lot at 50 and 60 Northeast Third Street.
The retail building at 234 Northeast First Avenue was sold for $10 million by a partner of Jaime and Esther Waserstein, who founded the ShoeGallery company in Miami. There is a ShoeGallery store on the premises.
According to its website, Namdar is a family-owned development company that was established in 1979. Ephraim Namdar, who has previously been named in media sources as the company’s founder and CEO, is in charge of running the LLC that bought the Miami property.
Igal Namdar’s commercial real estate investment company, Namdar Realty Group, which buys bankrupt retail centers, also has a New York address that is shared by Namdar.
The Journal Square district of Jersey City has seen activity from the corporation. According to the real estate website Jersey Digs, Namdar completed the tops of two mixed-use towers with a total of 27 stories and 667 residences in July.
Namdar Towers would be the newest development in downtown Miami, which has attracted the attention of multifamily developers.
A 48-story tower with 1,200 flats is what Jorge and Jon Paul Pérez’s Related Group and ROVR Development hope to erect at the site of the College Station Garage at 190 Northeast Third Street. The Namdar Towers location is direct across the street from this one.
The 57-story, 675-unit M Tower is what Lions Group NYC and Fortis Design + Build hope to erect at 56, 70, and 65 Southwest Second Street.
Hyatt and Gencom plan to transform the James L. Knight Center and adjoining Hyatt Regency Miami hotel into a three-tower complex called Miami Riverbridge as part of another downtown redevelopment. 1,500 apartments, a new Hyatt hotel with 615 rooms and 264 service-branded flats, as well as a 190,000-square-foot conference center are all part of the plans.
A referendum on the plan will be held in November.
The Elser Hotel & Residences Unveiled with Exclusive Party Hosted by PMG and Greybrook
A party celebrating the unveiling of the 49-story luxury condominium tower known as The Elser Hotel & Residences was held on Wednesday, August 3rd, by PMG and Greybrook.
The venue, located in the center of Downtown Miami with unhindered views of Biscayne Bay, offered visitors infinite champagne, a live band, and interactive entertainment. The PMG Residential sales team, comprised of Alejandra Castillo, Christian Tupper, Daiana Quiceno, Aura Aragon, and Karine Carvalho, as well as PMG Managing Partner Ryan Shear, made remarks.
The Elser Hotel and Residences are located in the same lively area and have the same sparkling views of Biscayne Bay that Elser Pier did in the early 1900s. Elser Pier’s prime location in Miami’s thriving downtown area contributed to its status as the city’s top convention and entertainment hub. Tourists and locals alike were drawn to the pier’s variety of venues and waterfront views. The legacy and extraordinary success of Elser Pier altered the future outlook for the corridor and created the foundation for the bustling bayfront metropolis we know today.
The Elser Residences Miami is a development of carefully designed studio, one-, two-, and three-bedroom condos. Elser, located in Miami’s most alluring area, Downtown Miami, will provide a vibrant and rich community fuelled by culture, glitz, and wellness. Find a wealth of amenities for living, working, and playing. Units will be available this summer for move-in.
Facts and Features
49-story tower located in Downtown Miami
Developed by PMG and Greybrook Partners
Designed by internationally renowned architecture firm Sieger Suarez Architects
Approved for short-term rentals
On-site hospitality management
Views of the Miami skyline, unobstructed views of Biscayne Bay and the Atlantic Ocean
Over 19,000 square foot double-height amenity deck overlooking Downtown Miami
and Biscayne Bay
132-Foot Resort Style Pool with private lounge areas
Two-Level Modern Gym & Fitness Studio
Co-working Lab
Valet Parking
Electric Vehicle Charging Stations
Latest Smart Building Technology
Only The Elser Hotel & Residences Miami would have a short-term rental program that was expertly run by a five-star operator among the current inventory in Miami. The structure would be open to unlimited day rentals.
Residences start at $600,000 or the equivalent in bitcoin, according to PMG Residential, the property’s exclusive sales team.
