Aria Reserve-Tallest Waterfront Twin Towers in the United States are Coming to Miami

I am sure you have heard of the Aria Reserve Towers Miami, and if you haven’t, keep reading. It will truly be the most unique and luxurious towers to grace the Miami coastline. With its modern yet sultry design set directly on Biscayne Bay, it will truly feel like you are living on a resort!

Located at 711 Northeast 23rd Terrace, Miami’s most coveted area in the Edgewater neighborhood, Aria residents will be able to enjoy Miami’s pristine beaches, Miami Beach nightlife, and the Design District’s shopping. This project is being developed by the Melo Group and designed by Bernardo Fort-Brescia of Arquitectonica with interiors designed by MORADA.

Aria Reserve will be the tallest waterfront twin residential towers in the United States rising 62 stories high. Sited on a 5.2-acre development with 547 linear feet of water frontage, it will offer unparalleled amenities. Melo Group also plans to build a public park from Aria connecting to the Miami Baywalk. The development site was previously known as Island Bay.

The Melo Group has recently launched sales for 321 units in the south tower of Aria. With roughly 800 units between the two towers, pricing for Aria Reserve’s first building will start at $750,000. There are 15 penthouses available starting at $12 million. Units will feature 1 to 4 bedroom floor plans with 1,100 square feet to 2,600 square feet of living space. The penthouses will range from 3,500 square feet to 9,000+ square feet, each including a 3-car garage. Sales for the second tower will be launched based on market demand.

Tower Amenities:

• 2-acre recreation deck
• Lap pool and spa
• Gaming center
• Playground
• Tennis courts
• Basketball courts
• Paddle courts
• Miniature golf course
• Wellness center
• Gym
• Meditation Garden

Residence Features

• Unobstructed views of Biscayne Bay and Ocean
• Finished residences with two flooring options
• All residences include 2 high-speed elevators
• All residences include an office/media room
• All residences are sunrise-sunset flow-through from East to West
• 3-month seasonal rentals allowed up to 4 times per year

Construction of Aria Reserve south tower should begin in the spring of 2022 with an anticipated completion date of 2024. If you or someone you know have an interest in purchasing at Aria Reserve, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

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.

PMG will be the First Developer to Accept Cryptocurrency on Pre-Construction Tower – E11EVEN Hotel & Residences

Following the wake of the Bitcoin 2021 Conference, cryptocurrency has made a name in Miami and continues to grow throughout the country. Adding to the long list of companies accepting cryptocurrency, you can now add PMG Development. PMG will be the first developer to accept cryptocurrency for deposits on pre-construction condos.

In April 2021, E11EVEN Miami nightclub began accepting crypto but now E11EVEN Hotel & Residences is the first major development that PMG is accepting the digital currency.

E11EVEN Hotel & Residences is a luxury high-rise in the Park West District of Miami, and is considered one of the fastest-selling condominium projects in the last decade. It has gained national and international attention with Candance Park of the WNBA, Sage Steele of ESPN, and Luke Rockhold a MMA fighter have expressing interest in the development.

The residences are fully-finished and fully furnished starting at $300,000 and the floor plans consist of studio to 2 bedrooms. There is also a limited Penthouse Collection and 2 Presidential Suites.

Construction Information

• Co-developed by Property Markets Group (PMG) and E11EVEN Partners
• Sieger Suarez Architects
• Interiors curated by AvroKO Hospitality Group

Building Features

• E11EVEN® app fore concierge services and building amenities
• Common areas featuring museum-quality curated fine art and installations
• Limited Penthouse Collection and two Presidential Suites
• Views of the Miami skyline, Biscayne Bay and Atlantic Ocean
• Club E11EVEN® Bar & Lounge
• 5-Star gourmet food hall
• Casino-Style Sports Lounge
• Chopra Spa & Studio mind & body experiences featuring state-of-the-art fitness center, meditation, yoga, and customized treatment services
• 20,000 Square-foot, ultra-modern multi-level E11EVEN® Day Club and pool sits above 11 stories, overseeing the stunning Miami skyline
• E11EVEN’s® rooftop experience is a unique 24/11 poolside venue featuring its own signature dining experience
• E11EVEN® Beach Club
• Complimentary 24-hour valet

Residence Features

• 9’6 – 10’ floor-to-ceiling windows varies by floor with stunning Miami skyline and Biscayne Bay views
• Smart home technology experience. Includes integrated audio, video and lighting systems
• Contemporary lighting package
• All residences include LED (or water-based) fireplace in every living room
• Fully built-out closets in the master bedrooms
• Washer and dryer
• French balconies in select residences
• Pre-wired for high-speed communications, multiple telephone lines, and cable
• All residences include a signature Home Essentials Package: silverware, glassware, linens, sheets, towels
• 11 Resident Membership Package featuring exclusive beach club, day pool and ultra club access
• Kitchens with custom countertops and backsplashes
• Imported and custom kitchen and bathroom cabinetry by Italkraft
• Subzero and Wolf appliance package includes microwave, dishwasher, convection oven and refrigerator
• Waterworks bathroom fixtures, features & accessories
• Frameless glass-enclosed showers

This project will break ground later this year. If you or someone you know have interest in purchasing one of the units at E11EVEN Hotel & Residences, or any information on the cryptocurrency process, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

In Only 2 Weeks, Over 80 Percent of the Units at E11EVEN Hotel & Residences Have Been Reserved

With E11EVEN Hotel & Residences, developers Property Markets Group and E11EVEN Partners were looking to make a splash…and a splash they made…a BIG splash! In only two weeks since their whisper (not-so-whisper) campaign began, they’ve been able to get reservations for over 80 percent of the building’s 400 total units. (I guess a good secret is hard to keep!)

And at an average price of $1,000 per square foot, getting over 80 percent reserved in a mere two weeks is no small feat! That puts it up there with the likes of Park West neighbor One Thousand Museum. But unlike One Thousand Museum, E11EVEN Hotel & Residences won’t have that front row vantage along Biscayne Boulevard, so what gives?

Well, for one, the units at E11EVEN Hotel & Residences are considered micro-units. Those always sell at a higher price per square foot than regular-sized condo residences.

Second, the units at E11EVEN Hotel & Residences come fully furnished and finished, including integrated audio, video, and lighting systems; an LED fireplace in every living room; fully built-out closets in the master bedroom; and a signature Home Essentials Package with silverware, glassware, linens, sheets, and towels.

Third, the residences at E11EVEN Hotel & Residences are considered condo-hotel units. These types of units provide owners with a lot of flexibility; owners will be able to use their units when they want or they’ll be able to place them in the building’s condo-hotel program to earn revenue when they’re not.

Fourth, E11EVEN Hotel & Residences is located in Miami’s 24-hour Entertainment District. For those who don’t know, Miami’s Entertainment District is made up of only two city blocks. In other words, E11EVEN Hotel & Residences will be the only hotel in Miami where the party never stops! If you’re looking for that Vegas-strip-style fun, E11EVEN Hotel & Residences will be the only game in town; it will be the place to be and be seen, complete with A-list celebrities at every turn.

Last but not least, the Miami real estate market is on fire. The developers of E11EVEN Hotel & Residences are proving that there’s no better time to launch a project in Miami than right now. After all, it seems every week that a new article gets published by a major news outlet describing just how hot the real estate market in Miami is these days (case in point example 1, example 2, example 3, example 4, and example 5).

The level of interest that E11EVEN Hotel & Residences has garnered has taken even the developers by surprise. As such, due to the faster than expected absorption rate, the developers have decided to move up the timeline of construction. The original plan was to go to contract in April or May and then begin construction towards the end of this year. The new plan, however, in an effort to convert reservations to contract and get this baby built, is to go to contract in just 2-3 weeks and then begin construction by early fall. As they say, get it while it’s hot!

The Rooftop Penthouse at 57 Ocean – Asking $38M

The difficult thing about selling pre-construction real estate is that it’s difficult for most buyers to envision what the property will look like once it’s completed. Well, thanks to advancements in computer technology, that may no longer be a concern. Multiplan Real Estate Asset Management, the developer of 57 Ocean in Miami Beach, recently unveiled a 90-second CG rendered video of its crown-jewel penthouse. The video, which took 1,100 hours to make, was produced by award-winning creative agency DBOX at a cost of $180,000. It showcases the five-bedroom penthouse in all of its splendor. The penthouse features 7,800 square feet of living space, a remarkable 7,100 square feet of terrace including a rooftop pool, 360-degree views, a den, and six full bathrooms.

57 Ocean, an ultra-luxury, oceanfront condominium building located in Miami Beach’s “Millionaire’s Row”, is slated to be completed later this year.

Just Sold – Penthouse 12 at The Ritz-Carlton Residences Miami Beach – Sold for $15M

Lucas Lechuga of the Miami Condo Investments Team at Luxe Living Realty is proud to announce the sale of Penthouse 12 at The Ritz-Carlton Residences Miami Beach. At $15,000,000 and $2,369 per square foot, the sale is (1) a record-breaking sale for the building, (2) the highest-priced sale for a bayfront condo on Miami Beach since 2013, and (3) the highest-priced sale on a per square foot basis for a bayfront condo on Miami Beach since 2012. With an astounding 8,600 square feet of OUTDOOR space (including a 40-foot-long rooftop pool and whirlpool spa), 13.5-foot-high ceilings, and some of the best views in Miami Beach, Penthouse 12 is truly a one-of-a-kind property.

The Ritz-Carlton Residences Miami Beach Penthouse 12 Residence Features

• Bedrooms: 4
• Bathrooms: 5.5
• Ceiling Height: 13.5 feet high
• Living Area Sq Ft: 6,332
• Terrace Sq Ft: 8,578
• Rooftop pool deck with 40-foot-long pool and whirlpool spa
• Hot tub
• Private elevator foyer
• Boffi-designed kitchen by Piero Lissoni
• Gaggenau kitchen appliances
• Zucchetti plumbing fixtures
• Boffi-designed bathrooms by Piero Lissoni
• Jetted soaking tub in the master bathroom
• Private, air-conditioned parking garage
• Boat slip

The Ritz-Carlton Residences Miami Beach Amenities

• Legendary 5-star Ritz-Carlton services
• Half-acre rooftop pool deck
• Private captained day yacht
• House car
• Beach concierge services for beach club access
• Two 24-hour attended lobbies
• 24-hour valet parking service
• Waterfront social room with bar, catering kitchen and
• state-of-the-art entertainment system
• Expansive infinity-edge pool with waterfall
• Spacious private poolside cabanas
• Poolside grille restaurant
• Private BBQ/dining area
• Meditation garden
• Clubroom with bar, virtual golf, and pool table
• Cinema-style screening room
• On-site spa with Steam room, sauna, and treatment suite
• Whirlpool Spa
• State-of-the-art fitness center
• Indoor & outdoor yoga studios
• Boardroom/Library
• Art studio
• Kids room
• Sharing room
• Carwash facilities
• Dog walk
• Pet grooming room

The Liaigre-Designed 3-Bedroom Condo at The Ritz-Carlton Residences Miami Beach – Asking $5.61M

Some properties sell themselves. LPH-20 at The Ritz-Carlton Residences Miami Beach is one such property. The Liaigre-designed, 3-bedroom condo is an absolute jaw-dropper. From the moment you walk into the residence, you’re welcomed to sweeping views of Biscayne Bay and the Downtown Miami skyline. The great thing about The Ritz-Carlton Residences Miami Beach is that it is surrounded by single-family homes, so the views from it are completely unobstructed from higher floors. Current zoning laws in that neighborhood prohibit structures from being built as high as The Ritz-Carlton Residences Miami Beach, but the developer, Lionheart Capital, developed the property from an existing 1,000,000-square-foot hospital that had been grandfathered in. Had the developer demolished the hospital and started anew, the new structure would have been required to abide by current zoning regulations. The end result…a condominium development boasting some of the most amazing, 360-degree views of the bay, city, and ocean.

Lower Penthouse 20 at The Ritz-Carlton Residences Miami Beach is a sprawling 3-bedroom residence with 3.5 bathrooms, a family room, 3,431 interior square feet, and 420 square feet of terrace space (see LPH-20 floor plan). It features a Piero Lissoni-designed Boffi kitchen with Gaggenau appliances, stone countertops, and a gas cooktop as well as a Piero Lissoni-designed master bathroom with stone floors and walls, a jetted soaking tub, Zucchetti fixtures, an over-sized glass-enclosed shower with a rainfall showerhead, and His and Hers vanities. And those unfamiliar with Liaigre furnishings, they’re nothing short of spectacular. Founder, Christian Liaigre, an iconic French interior and furniture designer who passed away this past September, is renowned for his minimalist design and emblematic use of wood and leather.

As mentioned in a previous post, I truly feel that The Ritz-Carlton Residences Miami Beach is Miami Beach’s best-kept secret. The 7.5-acre site houses some of the best amenities and services that can be found in a South Florida residential development. But don’t take my word for it. I urge you to check it out for yourself. If you or anyone you know has an interest in touring LPH-20 and/or other options at The Ritz-Carlton Residences Miami Beach, contact me (Lucas Lechuga) at [email protected]. I may also be contacted by phone at 786-247-6332.

The Ritz-Carlton Residences Miami Beach – Miami Beach’s Best-kept Secret

After visiting The Ritz-Carlton Residences Miami Beach several times over the past ten months, I can honestly say that I’m absolutely in love with the building and property. In fact, coupled with the iconic service one comes to expect from The Ritz-Carlton brand, The Ritz-Carlton Residences Miami Beach sells itself! The floor plans are very spacious and well-thought-out, the finishes (which were designed by the late Piero Lissoni) are refined and sumptuous, and the views are truly breathtaking. But perhaps the best thing about The Ritz-Carlton Residences Miami Beach is its location; it is centrally located in Miami Beach at 4701 North Meridian Avenue. Its location allows residents of the building to be close to the action but not right smack in the middle of it. Over the years, living in the heart of Miami Beach (in South Beach on Ocean Drive or Collins Avenue) has lost its appeal; it is no longer the tranquil place to live it once was. On the other hand, living at the Ritz-Carlton Residences Miami Beach is as serene as living in a waterfront house on North Bay Road.

Some of you may be thinking, “That’s great and all, but I wouldn’t want to live in a building that has a hotel component to it”. Well, that’s the beauty of The Ritz-Carlton Residences Miami Beach; it is only 1 of 12 standalone Ritz-Carlton properties in the world without a hotel component. Residents of The Ritz-Carlton Residences Miami Beach enjoy the same Ritz-Carlton service enjoyed by guests of its hotels around the world but without sacrificing any peace or privacy.

Despite being a boutique residential development with only 110 condominium residences and 15 two-story villas, The Ritz-Carlton Residences Miami Beach offers a laundry list of amenities one would expect from a development three times its size, including a private captained day yacht; a house chef; a house car; beach club memberships at Nobu Eden Roc Resort; a pet grooming room; a private theater; a rooftop pool deck with an infinity-edge pool, poolside cabanas, and poolside grille; an on-site spa with steam rooms, sauna, and treatment suite; an art studio; a kids room; and more. Below, you’ll find a full list of the amenities and services provided by The Ritz-Carlton Residences Miami Beach:

Ritz Carlton Residences Mia… by Lucas Lechuga

With prices ranging from $1.8M to $14M, The Ritz-Carlton Residences Miami Beach offers 1, 2, 3, 4, and 5-bedroom residences ranging in size from 1,969 to 5,936 interior square feet.

I’ve included below a full photo tour of the amenities and common area spaces at The Ritz-Carlton Residences Miami Beach. As beautiful as the property looks in the photos, I promise that you’d be even more blown away when seeing it in person. If you or anyone you know has an interest in touring The Ritz-Carlton Residences Miami Beach, please contact me (Lucas Lechuga) at [email protected]. I may also be contacted by phone at 786-247-6332.

Fisher Island Penthouse Formerly Owned by Oprah Winfrey Breaks Price Per Square Foot Record

The Miami luxury real estate market is on fire and, with season recently kicking off, it’s bound to get hotter. To gets things cooking, the last day of November saw a record-breaking sale on the ultra-exclusive Fisher Island where a trophy penthouse formerly owned by Oprah Winfrey sold for $20,000,000, or $3,242 per square foot. On a price per square foot basis, the sale broke the previous record set in 2016 by PH3 at Palazzo Del Sol.

Winfrey’s former residence, PH7292 at Oceanside, has 4 bedrooms, 4.5 bathrooms, a powder room, 6,170 interior square feet, and wraparound terraces offering 360-degree views of the water and city skylines. Additionally, the property, which was professionally curated by award-winning interior designer Chahan Minassian, features a large master suite with His and Hers en-suite bathrooms and dressing rooms, 20-foot-high arched ceilings, an oversized kitchen with a wood-burning over, hand-plastered walls, and elegant yet relaxed weathered linen furnishings. The ultra-luxe condominium building is situated along the eastern end of Fisher Island offering sweeping views of the Atlantic Ocean.

The seller of Oceanside PH7292 was represented by real estate broker extraordinaire Dora Puig who was recently ranked by Real Trends (published by the Wall Street Journal) #1 in Miami-Dade County, #4 in Florida, and #9 in the United States. Puig, the principal broker and founder of Luxe Living Realty, a premier luxury boutique brokerage located in South Beach, has achieved over $3 billion in sales in her 30-plus-year career.

According to Puig, the party for Miami real estate is just getting started. “In my opinion,” said Puig, “we’re only starting the third set of the Wimbledon Grand Slam of what will be known as an unprecedented real estate boom for South Florida”. With Northeasterners relocating there in droves, historically-low interest rates, and no state income tax; I must say, I have to agree with her.

Federally-Seized Condo at Porsche Design Tower Set For Auction

Drivers, start your engines…a luxury condo at Porsche Design Tower is slated to be auctioned! Unit 2205 – a four-bedroom residence with 3,171 interior square feet, a wrap-around balcony with a private soaking pool, and sweeping views of the Atlantic Ocean – will hit the bidding block next month.

In July of 2018, the property was seized by federal authorities as part of a $1 billion money-laundering sting that brought down eight people in connection with the crime. According to an article published that month by “The Real Deal”, the Porsche Design Tower condo was used “as payment for one of the defendant’s laundering services”.

Well, over two years later (due to a little something called due process), the ultra-luxury residence is ready to be auctioned for sale. The auction, which is scheduled for November 13, 2020, will begin promptly at 11:00 am EST and end that same day at 2:00 pm EST. Inspections will be held by appointment only on Tuesday, November 3rd, and Friday, November 6th. To bid, a cashier’s check of $250,000 is required. The starting bid will be $1,500,000 (not too shabby considering the property was purchased from the developer for $5,300,000).

Porsche Design Tower – an ultra-luxury, oceanfront condominium building – is located at 18555 Collins Avenue in Sunny Isles Beach, Florida. It is perhaps best known for its patented car-elevator-lift system called “The Dezervator”, which allows residents to travel (at a rate of 800 feet per minute) vertically up the 60-story tower directly to their condo’s glass-walled sky garage all while sitting in their vehicle.

Below is a 3D virtual reality tour of unit 2205 at Porsche Design Tower:

The video below shows Porsche Design Tower developer Gil Dezer using “The Dezervator”.

Interestingly enough, this past August, another Porsche Design Tower condo (unit 4603) was auctioned for sale. Unfortunately, the results of that no-reserve auction won’t be revealed until after the transaction has closed (the sale is still pending). Offered turnkey furnished, unit 4603 had previously been listed on the MLS asking $4,450,000.