A new video was released today for Paramount Miami Worldcenter and includes footage of what the high street retail will look like once finished. Well, the video isn’t exactly new. It’s an edited video with all references of the mall removed and, in its place, new footage showcasing the high street retail. Spoiler alert: It looks amazing!
Palazzo Del Sol has a total of 3 penthouse residences, appropriately named Penthouse 1, Penthouse 2, and Penthouse 3; each are trophy properties in their own right featuring 18-foot ceilings, a rooftop terrace with private pool designed by Enzo Enea, and lavish finishes throughout. A few weeks ago, Penthouse 3 at Palazzo Del Sol closed for $21.5M (over $3,200 per square foot) while Penthouse 2 went under contract just last month, making Penthouse 1 the last remaining penthouse at Fisher Island’s recently completed, ultra-lux condo development.
A few weeks ago, I was given the opportunity to tour and photograph Penthouse 1 at Palazzo Del Sol (see above and below). The two-story residence features 4 bedrooms and 4.5 bathrooms across 6,644 interior square feet. In addition, Penthouse 1 boasts 3,222 square feet of terrace space on the entry level plus an additional 1,949 square feet of terrace space on the rooftop level, for a combined total of 5,171 exterior square feet. While touring Palazzo Del Sol’s Penthouse 1, what impressed me most, besides its massive size, were the master bathroom, rooftop terrace, and kitchen, each eloquently designed and finished. See for yourself. The asking price for this mansion-in-the-sky is $26.4M.
The second massive condo that I toured last week at Palazzo Del Sol was Residence 7085, a 5 bed, 5.5 bath condo with 7,630 interior square feet plus an additional 2,471 square feet of terrace space. Walking into the residence had my jaw hitting the floor. The openness of the entry and living room areas was highly impressive to say the least. Upon exiting its private elevator, I was greeted with a picturesque view of Government Cut and the Atlantic Ocean. The residence flows beautifully offering fabulous views of yachts entering and exiting the ocean from most of the rooms. The kitchen and bathroom finishes are simple yet luxurious, in line with the minimalist design preferences of today’s buyer. Most impressive to me was the amount of closet space in the master bedroom suite. It comes with over 300 square feet of His and Her closets plus a 230 square foot study located directly off the master bedroom which could easily be converted to a third closet if needed. (By the way, the photo at the bottom is the His closet. The Hers closet is about twice the size.) Residence 7085 is a palatial pad, perfect for a family in search of space and the exclusivity and 5-star services that Fisher Island has to offer. Asking $14M.
Last week, I got the opportunity to tour three massive condos at Palazzo Del Sol: Lanai West, a 5 Bed, 5.5 Bath unit with 21,524 total square feet; Residence 7085, a 5 Bed, 5.5 Bath unit with 10,543 total square feet; and Penthouse 1, a 4 Bed, 4.5 Bath, bi-level unit with 11,815 total square feet.
Today, I will share with you the photos that I took last week of Lanai West. As mentioned above, the residence has an amazing 21,524 total square feet, of which 12,844 square is outdoor lanai space! The property is truly remarkable, a massive estate with the conveniences and services of a 5-star hotel.
The ginormous Fisher Island residence also features 11.5-foot high ceilings; a private zero-edge, outdoor pool by Bradford; Lualdi doors; kitchen and master bath by Boffi; and first-in-class kitchen appliances and fixtures by Sub-Zero, Gaggenau, Dornbracht, and Duravit. Included in the offering price is a private air-conditioned garage, air-conditioned storage, and customized golf cart. All can be yours for $20,194,950. Dream Big, Live Big!
Residents are already moving in to Fisher Island’s completed Palazzo Del Sol, where the luxurious 47 unit building is the first new residential building to be completed on the ultra-private island in ten years. Designed by Kobi Karp, with interiors by Antrobus & Ramirez, and landscaping by Enzo Enea, Del Sol takes Fisher Island’s traditional Mediterranean Revival architecture and modernizes it as much as possible. Lines are straighter, walls are glassier, and many of the interior spaces are just massive.
In a trend reflected in many of its amenities, like the spa facilities and the residents’ lounge and aperitivo bar, Del Sol is offering in-building services that residents previously had to travel to the island’s club to take advantage of. Whereas Fisher Island has always been very secure, Del Sol is the first building on Fisher with interior lobbies and door men. You can now chose to have your workout in the fitness center downstairs from your unit, or take your golf cart to do it at the Fisher Island Club. You can have your morning coffee at the aperitivo bar, or again, take that golf cart to the club. Other amenities include private massage rooms, a beauty salon, a children’s playroom, poolside cabanas for purchase, a business center, and a movie theater.
Largely completed, Del Sol is currently fitting out two model units which are expected to be completed by August. Next door, the building’s twin, construction of Palazzo Del Luna is underway. The foundation, with an underground garage like Del Sol’s, is complete, and vertical construction is beginning. The first crane to be put in place is easily visible from the MacArthur Causeway.
Palazzo Del Sol is being exclusively sold by broker Dora Puig’s Luxe Living Realty, which Miami Condo Investments is affiliated with.
Andy Murray’s Condo at Jade Brickell.
Tennis pro Andy Murray, currently ranked the #2 tennis player in the world and a 2012 Olympic gold medalist, is selling his $2.9 million 45th floor unit at Jade at Brickell Bay, according to Variety’s Real Estalker. The Scotsman picked up the unit, with distant views of the tennis center at Crandon Park, in July 2008 for $1.575 million, must have used Jade Brickell Unit #4501 as a vacation home since then (as evidenced by the limited interior decoration and kitschy Union Jack pillow as a memory of home), finally listing it for $2.9 million. MLS data now indicates a sale is pending.
Since setting up camp at Jade, Murray picked up two UK homes, including a ‘mock-Regency’ outside London, and a 19th century Victorian mansion called Cromlix house outside his hometown of Dublane. Just like many a local boy gone big, yes even Murray returned home to nab the village manor. Museum or not, just think of how many a very young Miamian has walked into Vizcaya and thought “someday I’ll buy this place.” No word yet on whether Murray is finding somewhere else to stick his flagpole in Miami, or going home to play ‘country squire’ full time.
Auberge Residences viewed from the Arsht Center
After lots and lots of planning, the Related Group is having the grand opening of the new Auberge Residences Miami sales center in typical Miami style with a launch party this week. The developer appears to have adjusted to softening market conditions by erasing the planned second and third towers from renderings and putting them off while they focus on the first. However, by the look of everything else related to the project, this is still very much Miami, where decadence and financial profligacy still reign.
The 60-story tower will have 290 units (far fewer, of course than in the three-tower configuration), 90 suites managed by Auberge Resorts, lots of art, outdoor pools on the 12th floor and 60th floor, and a spa with what in a rendering appears to be an indoor pool. The 12th floor will have other amenities galore, including a wine room, cigar lounge, club room, media room, restaurant, etc. Downstairs, restaurants and retail will activate the street. The structure is being designed by Arquitectonica, with exterior spaces by landscape architect Enzo Enea. Piero Lissoni is doing the interiors.
Prices are in the $500,000s for one bedrooms with dens, under $1 million for 2 bedrooms, and in the low $1 millions for three bedrooms. Penthouses, some of which are duplexes, range from $1.7 to $4.1 million.
At long last, Brickell City Centre’s first residential tower has opened! Reach Tower has received its certificate of occupancy from the city and closings have begun. The closings just began this week and the first residence to hit the public records was apartment 2109. That closed on Monday, April 11, according to The Next Miami.
Sources with the development have indicated an average sales price of $650/square foot for the 390 residences, 335 of which are currently under contract. The first investors to commit to the development were offered lower prices in exchange for believing in the project when it was in the conceptual phase. Apartment 2109 is a 2 bedroom with 1,501 interior square feet that closed for $884,300, or $589/square foot.
At the time of this post, we have not yet seen any of the apartments come to the rental market although they are expected soon. Some investors have mentioned to our agents that they intend to list the rental units for $3500/month for one bedroom options and $4500/month for two bedroom options.
The apartments are being delivered finished and ready for furniture, so we will not have to wait for interiors to be built out before seeing new neighbors occupying the tower. If you would like a tour of the development for purchase or lease, we are happy to arrange it.
Fans of Ugo Colombo will be overjoyed to hear that groundbreaking notices have been delivered to the buyers of Brickell Flatiron, the long-awaited project at 10th Street & South Miami Avenue in Brickell. According to the notices, the official groundbreaking is scheduled for March 16, 2016 although preliminary site work will be commencing immediately.
Locals will recall that this groundbreaking has been quite long-awaited. Ugo Colombo’s CMC Group purchased the site in 2013 for $21 million. In January 2015, the popular neighborhood restaurant/nightclub was closed to make way for the development. Since the closing and demolition, not much has been said with regard to the actual construction start date. The site has been used as overflow parking for the neighboring shopping center and restaurants.
This groundbreaking is very much a triumph for the neighborhood as Ugo Colombo is one of the area’s most celebrated developers. His previous projects have been among the most successful developments in the city and tend to hold their value through market fluctuations better than some of the competing buildings due to their quality and unique design. Some of his previous projects include Santa Maria, Bristol Tower and the Epic Hotel and Residences in Brickell as well as the famed Grovernor House in Coconut Grove.
One of the aspects that we appreciate the most from Ugo Colombo’s developments is that they have a more lasting effect on the skyline. Buildings that he built 10 or 20 years ago still appear brand-new in the skyline and do not show their age even as newer buildings pop up around them. The average resale price of Mr. Colombo’s developments stands at $757/foot over the last year, compared to $506/foot for the same time period for all buildings developed by The Related Group.
Purchase opportunities are still available at Brickell Flatiron, in the range of $600/foot depending upon layout and floor location. Residences will be delivered in 2018 fully finished with Italian porcelain tile. Contact us for details about the available opportunities or to speak about your specific needs for a condo.
