New Renderings Released for Shoma Bay in North Bay Village
New images of Shoma Bay, a 24-story mixed-use development proposed for 1850 79th Street Causeway in the waterfront neighborhood of North Bay Village, have been released by Miami-based developer Shoma Group.
The tower will feature 333 residential units, a 35,037-square-foot Publix, and 6,325 square feet of retail space, which includes a rooftop lounge and Shoma Bazaar food hall. It was designed by MSA Architects with interiors by Adriana Hoyos. The pedestrian-friendly location is close to all main freeways, stores, and food options at 79th Street Causeway and East Treasure Drive.
Each floor plan in the 2.8-acre mixed-use development’s furnished studios to three-bedroom units, with sizes ranging from 344 square feet to 2,700 square feet, was created to enhance functionality and comfort.
With only a few changes that improve the building’s appearance, the new tower design, which combines traditional art-deco and modern architecture, indicates a modest departure from the original design. The building now has a more contemporary appearance.
Amenities:
Resident lounge and bar
Spa
Hammam
Golf Simulators
Fitness center with Technogym equipment
Pet spa
Kid’s club
6,030 square foot pool deck
Panoramic views of Biscayne Bay
Pool
Cabanas
Summer kitchen
Library
2,600 square foot cowering business room
Lounge with coffee bar
Gaming area
Movie area
Gated parking
Electric vehicle charging stations
Specialized bike room
Storage areas
The construction of Shoma Bay is anticipated to begin in the summer of 2023 with a completion date in 2025.
Exclusive: Tom Brady and Gisele Bündchen’s Indian Creek Waterfront Mansion Construction Update
After 13 years of marriage, Tom Brady and Gisele Bündchen announced on Oct. 28 2022 that they officially divorced putting a pause on construction of their 5,000+ square foot teardown located on Indian Creek.
The Billionaire Bunker residence on Indian Creek Island was originally purchased by the couple in 2020, but their divorce was only finalized in late 2022. The estate, which sits atop a plot of land in the “world’s most exclusive municipality,” is arguably the most noteworthy of Tom Brady’s residences. It is one of just 34 properties with waterfront views of Biscayne Bay that are offered across 300 acres in South Florida’s Atlantic region.
The house was one of the nicest in the world, and Tom and Gisele were planning to live there forever with their kids, Benjamin Rein and Vivian Lake Brady. Although they are no longer together, the Tampa Bay Buccaneers quarterback has reportedly continued to develop and refurbish the property, according to The Daily Mail(opens in new tab).
Aerial images recently obtained by the British publication reveal that “production has advanced dramatically” since its initial inspection of the house in September 2022. To begin with, Tom and Gisele demolished a 5,772-square-foot house with the intention of building a contemporary, eco-friendly mansion on the property.
Gisele, a Goodwill Ambassador for the United Nations Environmental Program since 2009, knew she had to build an eco-friendly home.
Together with solar panels, an organic garden, a yoga deck, a cabana, and a sizable outdoor kitchen, the new estate will also contain these features.
Gisele Bündchen bought a lavish Florida home that is situated directly across the water from Tom’s mansion as he continues to develop. She also covertly paid $1.3 million for a cottage in Florida, which she began to remodel last year. Billionaires Bunker is close to her new residence (likely convenient for co-parenting with her former husband).
Ivanka Trump, Jared Kushner, and billionaire businessman Carl Icahn are some of the other noteworthy residents. Whenever building is finished, Tom Brady will live next to Icahn.
The Residences at 1428 Brickell by Antonio Citterio: Renderings, Floor Plans, and Pricing
Introducing The Residences at 1428 Brickell by Antonio Citterio – the next generation of ultra-luxury living in Miami. If the name Antonio Citterio rings a bell, that’s because he’s the architect who designed the record-price-breaking Arte in Surfside. He’s also responsible for designing all Bulgari hotels worldwide.
Rising 70 stories high, The Residences at 1428 Brickell will have just 189 residential units, comprised of two- to four-bedroom-plus-den floor plans ranging in size from 1,800 to 4,000 interior square feet plus a Penthouse Collection with residences ranging in size from 4,000 to 10,000 interior square feet, including two behemoth penthouse with astonishing 30-foot-high ceilings. 25 percent of the building will be comprised of two-story residences, like the one shown in the rendering below, and all residences will be delivered FULLY finished, including flooring, closets, lighting, and window treatments.
The Residences at 1428 Brickell will be the FIRST residential tower in the world to be powered by solar energy. Over 500 photovoltaic-integrated glass panels along the west façade will create a “Solar Backbone” that comprises more than 20,000 square feet of energy-producing glass, providing residents up to 170,000 kilowatts of clean energy per year. Additionally, the building will feature an unprecedented 80,000 square feet of amenities, including a two-story rooftop observatory with a rooftop pool and rooftop lounge bar (Level 70), a two-story Owners Club (Level 67), a 10,000 square foot spa and fitness center (Level 66), and much, much more.
Price Ranges
2 Bedroom + Den from $2.38M
2 Bedrooms (Duplexes) from $2.91M
3 Bedrooms + Den from $3.72M
4 Bedrooms + Den from $5.52M
Penthouse Pricing: TBA
Deposit Schedule
5% due at Reservation (now)
5% due at Contract (approximately 3 weeks)
10% due 90 Days after Contract
10% due at Groundbreaking (estimated for Q1 2023)
10% due at Top-off
Balance at Closing (estimated for Q4 2026)
I’ve been selling real estate since 2005 and never have I seen a new construction development feature finishes of this caliber. Without a doubt, The Residences at 1428 Brickell will usher in a new era of luxury living in Miami. See the renderings below to judge for yourself. Contact me if you have an interest in reserving a residence. Sales launched this morning with a limited number of units released at Tier 1 pricing.
Zaha Hadid’s Former Condo Sells Again at $6 Million
World-renowned architect Zaha Hadid’s former W South Beach condo was just sold, AGAIN at $6 million.
Data reveals M. Reada “Ray” Bassiouni was the seller of the combined units 726, 728, and 730 at 2201 Collins Avenue, which was acquired by Thomas Robert and his wife Ann Chan, the owner of the security firm ATI Systems in Boston is Bassiouni. In Ponte Vedra Beach, Robert is the owner of GC Land Development LLC.
Records show that Bassiouni paid $5.8 million for the condo in 2018. The combined units feature 2,541 square feet of living space with three bedrooms and four bathrooms.
Since asking $8 million for the condo in March 2021, Bassiouni has intermittently offered it on the market. According to the Multiple Listing Service, the unit only brought in roughly $500,000 more than its previous asking price of $6.5 million.
Hadid designed the makeover herself after purchasing the apartments for $4.2 million in separate purchases over a five-year period. The Riverside Museum in Glasgow, the London Aquatics Centre for the 2012 Olympics, and Galaxy SOHO in Beijing were all designed by the Pritzker Prize-winning architect. When she passed away in Miami Beach in 2016, she was supervising the development of the Miami apartment complex One Thousand Museum that she had designed.
W South Beach is a luxury, oceanfront condo-hotel development located at 2201 Collins Avenue in Miami Beach, Florida. Built in 2009, W South Beach was developed by Tri Star Capital, Related Urban Development, and Starwood Properties.
With 300 feet of water frontage, W South Beach is considered to be one of South Beach’s finest residential developments. The W South Beach building was designed by award-winning architecture firm Nichols, Brosch, and Sandoval with interior design work by Yabu Pushelberg.
W South Beach rises 20 floors and includes 511 condo-hotel units comprised of studios, one-, two-, three-, and four-bedroom options plus penthouses.
Invite Only New Construction Luxury 50 Unit Condominium to Break Ground on Fisher Island Miami
The Related Group is making waves in South Florida with their newest condominium project on the exclusive Fisher Island. The invitation only condo tower would include 50 luxury residences with a select number of penthouses.
The wealthy have long made Fisher Island, which is located at the confluence of Biscayne Bay and the Atlantic Ocean and is a seven-minute ferry trip from Miami Beach.
Oprah, Julia Roberts, and Mel Brooks are all known to have lived on Fisher Island in the past. The enclave has also received some accolades: Bloomberg found in April 2018 that Fisher Island, with an average income of $2.5 million in 2015, was America’s wealthiest ZIP code.
According to Jon Paul Perez, Related’s President stated, “We are currently working with our sales teams to develop our list of VIPs. People can live their entire lives on the island and, as such, develop close relationships with neighbors and fellow residents. That’s the feeling we want to create at our job. We want our buyers to get to know one another, and forge close friendships that elevate this beyond just another one of their homes.”
The proposed condo site, which is the last developable parcel on the 216-acre island, was just purchased for $122.6 million by Related Group, billionaire tycoon Teddy Sagi, BH Group, and Wanxiang America RE Group.
When the unnamed property is finished, units will cost about $30 million, while penthouses will cost more than $60 million.
Project Details:
3 to 5 bedroom residences
Membership to Fisher Island Club
Golf course
Tennis facilities
Marinas
The project’s architect is listed as Kobi Karl with interiors by Tara Bernerd and Partners.
Sales are expected to begin at the end of 2022 with construction anticipated in quarter 4 of 2023.
St. Regis Residences Sunny Isles Beach Reaches $700 Million in Sales in 6 Months
The St. Regis Residences, Sunny Isles Beach, Miami’s developers are pleased to report that sales of the exquisite property have exceeded $700 million in just six months, reflecting the overwhelmingly positive response it has received from buyers worldwide.
The St. Regis Residences, Sunny Isles Beach, envisioned as a private residential resort with a vast array of health, culinary, and entertainment services totalling over 70,000 square feet, is poised to be the tallest residential structure on the ocean in South Florida.
In a magnificent location, where skyline-defining architecture, avant-garde design, impeccable craftsmanship, and hallmark St. Regis service and rituals combine to offer a singular experience of seamless luxury.
The two towers will be referred to as the north and south towers. The south tower will have 194 units that range from 2 to 4 bedroom floor plans including a selection of penthouses. The North tower is planned to feature 180 residences but sales will launch at a later date.
Residence Features:
Spacious floor plans boasting unobstructed ocean, city, and Intracoastal views
Ceiling heights clearing 10ft in regular units and 12ft in penthouses
Fully finished with flooring and closets
Private elevator and entry foyer in all residences
Service elevators
Italian designed kitchens with Quartz countertops
Miele appliances including wine cooler
Walk-in closets in all primary bedrooms
Laundry rooms with full-size washer and dryer
Smart home technology ready
Service quarters in select residences
Full floor residences with spacious floor plans
East and West terraces with pool on the east
Spacious terraces with luxurious private pool and jacuzzi
Summer Kitchen
Custom-designed Italian cabinetry
Graciously appointed primary suits and separate service quarters with separate entrance
Stunning, 360-degree views of the Atlantic Ocean and Intracoastal Waterway
Indoor BBQ
Indoor/Outdoor living space
Tower Amenities:
Managed by the St Regis Hotel Company, without hotel premises.
Grand entry driveway and 2-story porte-cochere
Impressive two-story lobby
10 Guest Suites per Tower
Concierge Services
Pet-friendly and much more
Private beach facilities
Oceanfront and sunset pools
A signature restaurant
Wellness center
Spa
Athletic club
The construction plans show 1,000 parking spots available for residents and the starting price for units begins at $3.5 million. The project is expected to begin in 2023 and be delivered in 2026.
If you or someone you know have an interest in purchasing at St. Regis Residences Sunny Isles Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Co-Owner of E11even Nightclub and Partner at Titan Capital Acquired Land at Miami Worldcenter
For $30 million, Lynd Living acquired a Miami Worldcenter development site from a business run by Marc Roberts, co-owner of the E11even nightclub, and Ira Saferstein, a partner at Titan Capital.
The $4 billion master-planned mixed-use project spanning 27 acres in the Park West neighborhood of downtown Miami has added the San Antonio-based company as the newest multifamily developer to the group of apartment builders.
According to public documents, a Lynd associate purchased the roughly 0.5-acre parcel of land at Northwest 10th Street and North Miami Avenue and secured a $22.7 million financing through TIG Romspen US Master Mortgage. According to a news statement, Kevin O’Grady and Justin Neelis from Concord Summit Capital handled the finance and Lynd has hired the company to find a construction loan. Additionally, Concord Summit mediated the sale.
IRR Parkwest Investments, led by Roberts and Saferstein, was sold by the Miami-based legal firm Adams Gallinar, which was represented by attorneys Michael Gallinar and Jason Camps.
A 650-unit apartment building is permitted on the site of the development. A residential tower is being planned, according to David Lynd, CEO of Lynd. “For the time being, we are keeping it quiet. We’ll release more information as we prepare to enter the market.
According to records, the vacant property was a component of a 1-acre assemblage that IRR purchased in 2020 for $26.7 million. The remaining property is still owned by Roberts and Saferstein. Roberts, a former boxing promoter, joined master developers Art Falcone and Nitin Motwani as an early investor in the Miami Worldcenter project in the early 2000s.
In March, the Miami Worldcenter development property at 1016 Northeast Second Avenue was purchased for $40.5 million by the New York-based Naftali Group and Chicago-based Akara Partners. The CEO of Naftali, Miki Naftali, is constructing two residential towers, but the company hasn’t said whether the structures would house condos or apartments.
Adam Neumann, a co-founder of WeWork, received $108 million in construction financing in February for a new apartment building on a bare lot at Miami Worldcenter. It shares a boundary with Caoba, a 40-story apartment complex at 698 Northeast First Avenue. Both the development site and Caoba’s ownership organization were purchased by Neumann.
Miami Condo Investments Celebrates its 15 Year Anniversary
On May 17th 2007, Lucas Lechuga launched one of the most successful condo websites in Miami. With just a desire to bring better user experience, real estate listings, and news, Lechuga has achieved just that and so much more!
Over the years, he was able to develop a way for users to search for their potential properties through alternative methods instead of the traditional zip code searches and he also found a way for consumers to access market statistics without ever having to make a call or enduring tedious research methods.
In 2017, for the 10 year anniversary of the website, the average users ranged from 40,000 unique visitors per month globally from 200 countries. Still pacing as the #1 Miami Condos Website, 2022 brings over 100,000 unique visitors per month globally just through Google.
Not only does Miami Condo Investments offer a unique real estate listing experience, but you can also enjoy new construction tower updates, real-time inventory data, condo ranking system, up-to-date condo tower photos, rentals, and a real estate blog posted daily.
We are also in the process of some new landing pages aiming to be even more user and mobile friendly, searching with specific criteria, and a new mobile app. We will update everyone once we get closer to a launch date.
As far as the team…During our last anniversary, our team included six agents and now our team is growing along with the website. We have reached 9 agents that assist buyers and sellers with all of their real estate needs. We also have 3 office admins, including assistants and marketing pros.
We are so grateful for all of the accomplishments that this website and our team has completed over the past 15 years and we can’t forget about our readers and clients. Thank you so much for allowing Miami Condo Investments to be your most knowledgable partner while navigating the real estate market. We look forward to serving you and Miami the next 15 years!
LIVWRK Wynwood Proposed for Miami’s Wynwood Neighborhood
The Brooklyn-based developer LIVWrk has submitted its second set of construction plans for their recently acquired Wynwood site. The site itself is located at 2400-2418 N Miami Ave. and 29 NW 24th St. from East End Capital.
The proposal themselves is included to have 2 separate buildings covering 922,466 square feet of total area. Both buildings will have rooftop terraces, while amenities will be separated between the 2 towers.
Building Information
Architect: Morris Adjmi
420 residential units (located in building 1)
59,461 sq. ft. of office space (located in building 1)
122 apartment/hotel units (located in building 2)
29,057 sq. ft. of ground-floor commercial (located in building 1)
556 parking spaces and 798 bike rack spaces in a 3-story garage (located in building 1)
8,996 sq. ft. of ground-floor retail (located in building 2)
Building Amenities:
Fitness center (building 1)
Social club (building 1)
Bar and lounge (building 2)
The developer purchased the 2.45-acre development site for $38.86 million. through Thorofare Asset Based Lending REIT Fund V based in Los Angeles, with a mortgage of $28.44 million. Asher Abehsera, the firm’s founder, leads LivWrk.
This is LIVWrk’s first Miami development in South Florida. Most of their current project is in progress in New York but the developers are also working on a collection of historic buildings in Los Angeles.
On March 8, 2022, the Wynwood Design Review Committee is scheduled to review the development plan which will include the design renderings.
