Related Group Revives 1400 Biscayne Project – Previously Known as Auberge Residences

As the old sales gallery lights come on for what once was the Auberge Residences, rumors began circulating about the development that never started. Will they begin the project? What’s happening at the sales center? It has been officially confirmed that Auberge Residences, now called 1400 Biscayne is making a come back.

We are unsure why the project was first canceled but we are excited for what’s to come of this development. Located at 1400 Biscayne Bay Road in the heart of downtown Miami, 1400 Biscayne will be centrally located just steps from Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami, Phillip and Patricia Frost Museum of Science, and just minutes from the Design District.

The original plans for this project featured a three-tower complex with an eleven-story retail/restaurant podium, 1,629 parking spaces, and resort-style amenities. The new plans for this project include a 60 story ‘uniquely angled’ façade tower with ocean views from every residence.

The double-height lobby designed by Italian designer Piero Lissoni will feature a mixture of sophistication and modern designs with a permanent collection of museum-quality art located throughout. The developer for this project is The Related Group with landscape architecture by Enzo Enea.

Sales for 1400 Biscayne will begin in early August 2021. Construction for the development is estimated for spring of 2022 with an anticipated completion date of 2024. If you or someone you know have an interest in purchasing at 1400 Biscayne, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

End of June Condo Sales Reach $259 Million

Another week of real estate sales shows a significant increase in volume and the total number of condos sold for Miami-Dade. According to the MLS, for the week of June 27th, through July 3rd, 357 condos sold for a combined $259 million. The previous week shows only 237 condos sold for a combined value of $159 million.

The average sales price for condos is $725,000. Last week’s price fell to $671,000. We are seeing a steady climb in condo price averages as well as an uptick in new construction sales.

The most expensive sale last week was non-other than a penthouse at The Mansions of Acqualina in Sunny Isles Beach that sold for $27 million. This 9,103 square foot condo features four bedrooms, 6.5 bathrooms, and 2 kitchens, also fully furnished by Fendi/Bentley. This developer-owned (The Trump Group) condo sold for $3,000 price per square foot. This sale is considered the third-highest condo sale in Miami-Dade history.

The second most expensive condo sale was at Continuum of South Beach. This unit sold for $8.6 million at a $2,459 price per square foot. This property was on the market for 108 days. This condo features 3 bedrooms, 3.5 bathrooms, with 3,500 square feet of living space. The property also features an Italian kitchen, marble floors throughout, and gorgeous ocean views.

One of the more notable single-family residential sales includes an Indian Creek Island Mansion purchased by a developer, Todd Michael Glaser for $24 million. This property located at 37 Indian Creek features 7,236 square feet of living space situated on 1.2 acres. Glaser plans to demolish this estate to build a larger home with 2 pools and double the square footage with hopes to list the new construction home at $50 million.

Developer Todd Micheal Glaser buys Indian Creek Waterfront Mansion for $24 Million

Developer, Todd Michael Glaser is a Miami native and a well-known developer who has made a name for himself with projects like 1000 Museum. Most recently, Glaser and his partners purchased an Indian Creek mansion for $23.8 million. The property was originally listed in October 2020 for $20 million and taken off the market in March 2021.

The Indian Creek waterfront mansion is located at 37 Indian Creek Road featuring 7,236 square feet of living space set on 1.2 acres. This 3 bedroom, 4 bathroom estate boasts an expansive brick driveway leading to a Mediterranean-style home. The large pool overlooks Biscayne Bay with a 20-foot boat dock.

The seller of the home was Don Francisco, host of ‘Sábado Gigante’ a Spanish language variety show that showcased musicians and comedians. He hosted the show for 53 years ending in 2015 and returned to TV with a new show “Don Francisco Te Invita.” Francisco originally purchased the property in 1993 for $2.6 million and has made several updates throughout the years.

Glaser and his partners plan on demolishing the home to build a mansion double the size and double the value. With the help of architect Kobi Karp, this new estate will be one of a kind. It will feature 2 pools and with plans on being listed around $50 million. The anticipated completion for construction is set for December 2021.

Indian Creek Island is a gated island north of Miami Beach. It has its own police force that patrols 24 hours a day. Billionaires are known to call this place home because of the security and exclusiveness it offers.

Notables like Ivanka Trump and Jared Kushner as well as Hotels.com co-founder Bob Diener own properties on the island. Last year alone, Tom Brady and his wife, Gisele Bundchen purchased a lot for $17 million, where they plan on building a new estate.

There is only one property currently on the market on Indian Creek Island. The property located at 29 Indian Creek Drive is listed for rent at $100,000 monthly and features 4 bedrooms, 4.5 bathrooms with gorgeous southern exposure of Biscayne Bay. For more information on this property or about Indian Creek Island, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Doubling in Value – Venetian Island Waterfront Mansion Sells for $30 Million

The Venetian Islands in Miami are man-made islands connected by the Venetian Causeway from downtown Miami to Miami Beach. These islands offer some of the most lavish and unobtrusive island living in Miami. Totaling 6, each island offers its on appealing qualities.

In the winter months, you will see socialites, notables, and celebrities flocking to these gorgeous islands for a private and luxurious getaway. These islands offer a mixture of Mediterranean and Italian inspired architecture and landscaping. With swaying palms, stone exteriors, you will feel like you are on a secluded resort island.

More recently, a waterfront mansion with one of the largest lots on the Islands sold for $30 million. Doubling its value, this property was originally purchased for $13.5 million in 2014. The new purchase price equaled $3,870 per square foot and was sold off-market.

Located at 943 N. Venetian Drive, this lot faces north on Biscayne Bay, making it one of the most desirable locations. The property features 7,752 square feet of living space on 1.08 acres with private gate entrance.

The estate was built in 1937 with additions in 1994 and 2004. Guests are greeted with a circle drive leading to a Mediterranean stucco finish mansion with 6 bedrooms, 7 bathrooms, 7 statues, a pool, balcony, and boat dock.

Sellers for the home include Marjorie E. Stone and Ricardo Rodriguez, but the buyers are currently unknown with a registered name of Delaware LLC.

Waldorf Astoria Hosts its Official Sales Gallery Grand Opening

The long awaited sales gallery launch for Waldorf Astoria Residences Miami has officially arrived and we couldn’t be more excited! Last night Waldorf Astoria hosted their official sales gallery grand opening located at 400 Biscayne Blvd across the street from Waldorf Astoria’s official pre-construction tower site.

PMG developers Ryan Shear and Kevin Maloney were in attendance as well as Miami Mayor Francis Suarez and Waldorf Astoria Hotel & Residences architects Carlos Ott and Charles Sieger (of Sieger-Suarez Architects). Mayor Suarez stated, “we are so proud of this iconic project that is going to help redefine who we are as a city.”

Waldorf Astoria Residences Miami will rise 100 stories at 1,049 feet tall making it the “highest skyscraper south of Manhattan.” It will also be the first Waldorf Astoria development in South Florida. Featuring 360 condos, 205 hotel rooms and suites, this incredible tower will truly be one of a kind. Tower amenities include a Peacock Alley lounge, signature restaurant, resort-style pool with cabanas, spa and fitness center.

Designed by Carlos Ott and architecture by Sieger Suarez, the design will feature 9 glass cubes offset from the next. This design will truly be the first of its kind in South Florida.

PMG developers, led by Ryan Shear, Kevin Maloney, and Dan Kaplan are the brains of the project and have stated that they have been working on the development project since 2014 and originally announced the launch in 2018.

Property Markets Group, Greybrook, and Hilton are also partnering on the project. The hotel portion of the Warldorf will be the first 3 cubes and Hilton will be managing that portion of the tower.

The residential units will begin at $656,000 and will increase depending on the location in the building as well as the size

STUDIOS

CUBE 4 – above level 40
From 516 sq ft. to 653 sq ft / Starting at $656,000

ONE BEDROOM

CUBE 5 – above level 50
From 873 sq ft. to 950 sq ft / Starting at $997,500

TWO BEDROOMS

CUBE 5 – above level 50
From 1491 sq ft. to 1951 sq ft / Starting at $1,701,000

THREE BEDROOMS

CUBE 5 – above level 50
2659 sq ft. / Starting at $4,111,000

FOUR BEDROOMS

CUBE 6 – above level 60
3,256 sq ft / Starting at $4,987,000

Sales for Waldorf Astoria launched in March 2021 with an estimated ground breaking in Q4 of 2021. The completion date is currently set for 2025. If you or someone you know have interest in purchasing one of the units at Waldorf Astoria Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Renderings Released for Baccarat Residences Miami

Baccarat Residences Miami is the newest pre-construction tower located in Brickell that will soon grace the Miami skyline with its gorgeous glass exterior. The location is ideal placing Baccarat Residences in the heart of downtown at 444 Brickell Avenue.

Rising 75 stories, the collection includes 324 residences that will begin on the 15th level. The top 3 floors will feature 8 penthouses with immaculate ocean and skyline views. In addition, there will also be 28 riverfront flats and duplexes of your choosing.

Units will range from 1,330 square feet to over 7,000 square feet, with each unit featuring integrated purified air and water filters, impact-resistant floor-to-ceiling glass doors, 8-foot deep private terraces, and 10-foot high ceilings. Kitchens will be top-of-the-line with high-end appliances, granite counters, and custom cabinetry.

Interior Designed by Meyer Davis Studio, the building design incorporated a mixture of 18th-century French and 1930s Art Deco. The developer includes the Related Group with the landscape architecture designed by Enzo Enea.

The elevated waterfront amenities deck will include an infinity pool with killer views of Miami and Biscayne Bay. Enjoy fine dining at the 10,000-square-foot restaurant that will be announced once construction continues. Additional amenities include a state-of-the-art fitness center, spa, wine cellar, and tasting room.

Quick Facts:

DEVELOPMENT OVERVIEW

• Privileged Brickell waterfront position, where the Miami River meets Biscayne Bay
• Dazzling contemporary 75-story glass tower
• Collection of 324 tower residences, 8 penthouses, and 28 riverfront flats and duplexes
• Panoramic views of Biscayne Bay, the Miami River, and the Miami city lights and skyline from every residence
• Artful service and amenities impeccably curated by Baccarat Hotels & Residences and expertly managed by SH Hotels & Resorts
• Lushly landscaped waterfront promenade and private marina
• Planned 10,000 square feet signature waterfront restaurant
• Curated museum-quality art collection

BUILDING AMENITIES

• Lushly landscaped secluded private entrance leading to the riverfront arrival court and elegant porte-cochere entrance
• Exquisitely appointed entrance lobby with grand high ceilings leading directly to three banks of double private elevators to each residence
• Permanent installation of curated museum-quality art collection throughout the building’s public spaces
• Elevated 12th-level amenities resort deck loaded with a dramatic zero-entry heated saline swimming pool, outdoor spa, pool-side cabanas, summer kitchen area, and beautifully landscaped sun terrace
• Glamorously designed Grand Salon, set as the ideal location for both intimate gatherings and grand celebrations
• Luxurious Clubroom with bar and billiards, catering kitchen, and multimedia facilities
• State-of-the-art fully equipped fitness center curated by Altitude
• Fitness with cardio theater, spinning room, yoga and meditation rooms, all overlooking the pool deck resort area
• Hammam spa with men’s and women’s steam and sauna facilities, luxurious treatment rooms, and spa shop
• Private screening room with cutting-edge audiovisual equipment and theater-style seating
• Game room with multimedia facilities and children’s playroom
• Business Center with conference facilities and private workspaces
• Gourmet market
• Wine Cellar and Tasting Room
• State-of-the-art Chef’s Kitchen and Private Dining room
• Pet-friendly community with Pet Spa, Grooming, and Walk Service
• Hair Salon & Barber Station
• High-speed internet access in all public areas
• Electric vehicle charging stations
• Air-conditioned storage rooms
• Bicycle storage spaces

BACCARAT GLOBAL MEMBER PRIVILEGES

• Baccarat Owners Circle Services including private shopping, discounts on Baccarat crystal, discounted engraving and gilding, and priority status for custom production
• Exclusive tour package to Baccarat France, available only to owners of Baccarat Residences
• Invitations to Baccarat events worldwide
• Preferred service and privileges at Maison’s Baccarat (Paris and Moscow), BBar (Tokyo) and Crystal Rooms worldwide
• Hotel privileges in Baccarat Hotels and SH Hotels & Resorts worldwide

This project will break ground in 2022 with a completion date of 2024. If you or someone you know have an interest in purchasing one of the units at Baccarat Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Want to Buy David Guetta’s Miami Condo? It will Cost you $14 million or 348 in Bitcoin

The internationally famous French DJ, David Guetta has listed his Miami beachfront lower penthouse condo at Setai Hotel and Residences in South Beach. Listed at $14 million, he is also accepting payments in Bitcoin (BTC) or Ether (ETH). At todays prices, $14 million is equal to 348 BTC (6/14/2021).

His luxury 3 bedroom fully furnished residence is located on the 37th floor and boasts 2,528 square feet of living space. The condo features 3 bedrooms, and 3 bathrooms with 2 master suites.

The wraparound balconies offer unobstructed views of the Atlantic Ocean, Miami Beach, and the Miami skyline. This penthouse has been tastefully designed by Piero Lissoni.

Setai Hotel and Residences features 24 hour security, valet, and concierge services. The five-star hotel features many hotel amenities that are available to residences including a 90-foot poolside bar, boutique and art gallery, private ground transportation, three beachfront pools, and cabanas.

DJ David Guetta also has a rental located at Paraiso Bay in Edgewater Miami. This stunning upper penthouse starts at $22,000 a month with a minimum of a 6 month contract.

Guetta originally purchased the property in 2018 for $9.5 million from Richard LeFrak (New York billionaire).

Guetta is a French DJ, songwriter, and producer who has hit 50 million in record sales and streams over 10 million. For 2011 and 2020, Guetta was voted the #1 DJ in DJ Mag’s Top 100 DJs. In 2013, he was also title Billboard’s #1 Dance-Pop Collaborator of all Time.

Legacy Hotel & Residences Sells out at 100% at Pre-Construction

Legacy Miami Worldcenter also known as Legacy Hotel & Residences is one of the newest pre-construction residential towers located in Park West Miami. This luxury tower will rise 668 feet tall with 50 stories. This tower has officially sold out before the groundbreaking. According to the South Florida Construction Journal, this is the first development in downtown Miami to sell out prior to construction.

Centrally located at 942 NE 1st Avenue in the heart of the Miami Worldcenter ‘mega-development.’ This mixed-use project will feature 287 residences, 262, luxury hotel rooms, restaurants, business center, medical office, retail, and a rooftop atrium with multiple amenities. It will also be considered the second tallest tower at Miami Worldcenter.

The residences will consist of studios, one-bedroom, and two-bedroom floor plans ranging from 368 to 964 interior square feet. Developed by Royal Palm Companies with Kobi Karp as the architect and ID & Design International designing the interior space. This tower will feature state-of-the-art living without any rental restrictions. This allows homeowners to rent their units on a short-term basis through AriBnB, VRBO, or through Legacy’s rental program. The residences at Legacy Hotel & Residences will come fully furnished.

The sold units include a total of 310 with a combined value of $160 million. The average prices ranged between $350,000 to $2+ million. There are 8 penthouses remaining are subject to use for the hotel portion of the project.

RPC is currently closing on their construction loan and expects to announce that milestone soon. Construction permits are pending and site pre-work is estimated to begin the end of May and/or beginning of June 2021. Legacy Hotel & Residences is expected to be completed in 2024.

Renderings and Site Plan Released for Downtown Miami’s Newest Tower The District

Renderings, floor plans, and site plans have recently been released for Miami newest 37-story condominium tower called The District. In April, The Related Group and Parcel C LLC’s proposed and received approval for the project.

This tower is in pre-construction and is proposed to include 347 residential condos with 2,297 square feet of retail space. This project will not have any parking but the developer is requesting an off-site parking waiver.

Rising 393 plus feet tall, The District will be located at 233 N Miami Avenue in downtown Miami. The floor plans will be fully finished and furnished ranging from 446 square feet to 874 square feet with studio to 2 bedroom options.

Building Information

• Developer: Related Group and ROVR 
• Architect: Sieger Suarez Architects 
• Interior Designer: Meshberg Group 

Residence Amenities  

• Smart home technology
• Includes integrated audio, video window treatment and lighting systems
• All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
• Fully built-out closets in all residences
• Built in top-of-the-line in-unit washer and dryer
• Flooring selections included with specifications recommended by Meshberg Design
• Pre-wired for high-speed communications and data connection
• Kitchens feature custom Italian cabinetry curated by Meshberg Design
• Smeg appliance package includes integrated paneled microwave, dishwasher, built-in convection oven and refrigerator/ freezer

Building Amenities

• Rooftop Amenity Deck : Expansive resort-style rooftop amenity deck with plunge swim spa, fire pit, summer kitchen, and gorgeous views of Downtown Miami and Biscayne Bay. 
• Basketball & Racquetball Courts :Full-height indoor basketball court and regulation-size racquetball court and Rock climbing wall.
• Co-working Space :Co-working floor with multiple seating options, high-speed Internet, private meeting rooms, conference room and a full-service kitchen.
• Fitness Center :State-of-the-art fully equipped fitness center including a private yoga/spinning room with virtual trainer and men’s/women’s sauna/ sauna and locker rooms. 
• Museum-quality Art :Double-height lobby featuring professionally curated museum-quality art.
• Monitoring Services :24/7 security services and controlled property access.
• The District App :Customized password-protected app for home/away smart-home management.
• Parking :24/7 valet services and self parking.
• Dining :On-site café servicing the residences and recreation areas.
• Electric bikes with charging stations are available for residents on the go. 
• Housekeeping  :On-demand full housekeeping services available at your convenience.
• Climatized receiving  and storage room
• Resort Style pool deck with lounge and recreation room

Unit Distribution

Deposits

• 10% down with executed contract
• 10% 60 days after executed contract
• 10% at groundbreaking (scheduled end 2021)
• 10% at top off (schedule 3^rd quarter of 2022)
• 60% at closing (scheduled 2^nd quarter 2023)

Multiple waivers have been approved on April 9, 2021 but the construction permits have not been filed. Some of paperwork also includes transitioning some units in hotel room. The ground breaking is scheduled for the end of 2021 with estimated completion date of 2023.

501 First Residences- Renderings and Plans Just Released for the 40 Story Tower in Downtown Miami

Miami can now officially welcome the newest pre-construction tower to grace our gorgeous skyline, 501 First Residences in downtown Miami. This new 40-story tower with 448, will be developed by Aria Development Group and designed by Revuelta Architecture International, who also designed Wind and 900 Biscayne. 501 First Residences will be located at 501 Northeast 1st Avenue with views of downtown Miami and Biscayne Bay.

Acoording to the Aria Development group, this particular development will be built to cater to the short-term rental market. The biggest perk is that there will be no rental restrictions. Which means, the resident can utilize any consumer platform (Vrbo, Expedia, Airbnb, etc.) to rent and each unit can be rent for 1 day or more.

The renderings reveal floor-to-ceiling windows and expansive balconies. The sleek structure is curved creating a horizontal and vertical grid like design. The exact height of the development hasn’t been released but we can expect the 40-story high structure to be over 450 feet in height.

The 448 luxury units will be fully finished and furnished with pricing starting at $300,000. Floor plans will range from studios, 1 bedroom, and 2 bedrooms. The square footage for each unit is expected to be from 385 to 835 square feet.

Residence Features:

• Fully finished and furnished residences thoughtfully curated by award-winning design firm, Shim Projects
• Floor to ceiling glass windows with custom window treatments
• All residences feature balconies
• Biscayne Bay and Miami skyline views
• Finished flooring on all residential interiors and balconies
• In-unit washers and dryers
• Kitchens and bathrooms feature custom Italian cabinetry and counters
• Speed oven by Smeg
• Integrated paneled refrigerator and freezer
• Dishwasher
• Fully built-out closets
• Hansgrohe bathroom fixtures, features, and accessories in dark matte finish

Building Amenities:

• Porte-cochère entrance with 24/7 valet service
• On-site management office
• Mid-century, modern-inspired interior finishes and furniture in residential lobby with 25ft ceiling
• Secure bicycle storage in enclosed and air-conditioned space
• Centrally-located personal storage for all owners
• Luxer One Package Room featuring a tech-forward, contactless digital package delivery system
• Dry-cleaning service
• Ground floor bistro and bar helmed by New York City’s GPG Hospitality
• State-of-the-art indoor gym with private fitness training rooms
• Yoga/meditation room
• 75-foot resort-style lap pool
• North-facing private rooftop movie theatre experience
• Grill & Chill on the Sunrise and Sunset Decks
• Outdoor Game Lawn
• Hot hydrotherapy bath
• Private club suite with game tables
• Entertainment chef’s kitchen
• Media Room
• Library
• Private workspaces
• Pet Lounge with pet bath station
• Greenhouse

The site currently features a 2-story buidling that was built in 1924 and was previously the sales center for YotelPad Miami. The entire project will take over 4 lots equaling 22,500 square feet. According to tax records, the developer purchased the lots in 2015 for $8,250,000.

According to Miami-Dade Country records, construction permits have not been filed. The ground breaking is expected to be scheduled for spring 2022 with a top-off date in spring 2023.