For those who missed it on our Social Media Feed a few weeks ago, the Miami Condo Investments team was given a VIP tour of the recently finished helipad at One Thousand Museum. Once completed, One Thousand Museum will be the first residential tower in Miami to ever include a helipad. As you could imagine, at a height of 709 feet, the views from atop One Thousand Museum are phenomenal; too good not to share, so here you go:
If you’re anything like me, you’ve been counting the days until the opening of SLS Lux. It’s been a long time in the making, but I’m happy to report that it was well worth the wait. Related has once again delivered what is certain to be a neighborhood favorite!
Earlier this week, I had the distinct pleasure of touring Related’s latest project with Carlos Rosso himself – the company’s President of Condominium Development Division and very familiar face to all of us in the Miami real estate world.
Carlos and I met in the strikingly beautiful Hotel lobby with mirrored backdrop, rich textures, and eclectic décor reminiscent of those found at the St. Regis in Bal Harbour. “We used the same interior designer we used at St. Regis – the master of luxury, Yabu Pushelberg,” Carlos added, “[whose] inspiration was the old mansions from Havana, Cartagena, and the Caribbean, with high ceilings, patterned marble flooring, and lots of lush landscape…a glamorous, tropical setting”.
Passing through the Hotel lobby, we then entered the grandiose S-Bar, punctuated outside by a giant “Male Torso” sculpture by Botero, valued at $3M and wholly-owned by the building. Only three of its kind exist in the entire world: one in Paris, one in Buenos Aires, and now one in Miami. “The owners at SLS Lux can brag that they now own a unique Botero sculpture,” Rosso quipped. He expects S-Bar to become Brickell’s happening place. “We want it to become Miami’s high-end bar…a place where deals will be closed over great cocktails”.
From S-Bar, we then made our way into Katsuya – a high-end sushi restaurant with impressive décor and attention to detail. From the sake cup screens to the incredible dark rich woods accentuated by the four gigantic globes hanging from the ceiling, this restaurant is sure to impress!
For some time, Related has been pushing the idea of converting South Miami Avenue into a pedestrian-only street on Friday and Saturday nights. “It’s time to make South Miami Avenue into Brickell’s own Lincoln Road,” Rosso said. “Look at what Bloomberg did with Time Square in New York – that is the future of urban open space.” With the addition of S-Bar and Katsuya, both located towards the northern end of South Miami Avenue, the walkability of that thoroughfare will no doubt increase. S-Bar and Katsuya are both slated to open in June.
After the quick, yet thorough tour of the Hotel lobby and restaurants, Carlos led the way to the 9th floor amenities deck where most of the building’s amenities are located, including two pools, SLS Lux poolside bar, cabanas, tennis court, club room, private dining room, billiards room, spa, and fitness center. The photos below speak for themselves.
pool deck with cabanas
2 pools
SLS Lux poolside bar
club room
private dining room
billiards room
billiards room
garden terrace
fitness center
fitness center
treatment room
SLS Lux also has a rooftop pool and sky lounge (for residents only) but both were a work-in-progress and awaiting a temporary certificate of occupany (TCO) when I toured the building this past Monday. TCO is expected to be received for those floors within the next couple of weeks.
To complete my tour of SLS Lux, I was shown a 3 bedroom units located on the southwest corner of the building (the 01 line). Important to note is that each unit at SLS Lux comes completely finished, including flooring, shades, and closets. A one-year free membership to Equinox Brickell Heights comes included as well.
living room w/ upgraded kitchen shown
views south from the living room and kitchen
master bedroom
second bedroom
second bedroom
And Related’s grand plan for Brickell doesn’t end there. “This is the new Brickell – vibrant, full of pedestrians with active ground floor retail and restaurants and lots of residents embracing urban life,” added Rosso. “We are certainly building the new Miami. The vision will be complete when we launch 444 Brickell connecting South Miami Avenue to the Riverwalk”.
“When will you launch?” I inquired.
“As soon as we feel the time is right. It’s a very special project with a luxury anchor in Miami’s best site.”
I’m sure more news will follow, but it certainly feels that Related has an unbound willingness to continue being the leader in masterminding Miami’s urban future. After touring SLS Lux, Katsuya, and S-Bar, I’m excited see what these guys have planned for 444 Brickell.
Following the great success of Palazzo Del Sol (named 2017-2018’s “Best Residential Development in the United States” by International Property Awards), the project’s second phase, Palazzo Della Luna, has officially launched sales! This ultra-luxury condominium is located on the last remaining waterfront parcel of Miami’s ultra-exclusive Fisher Island, accessible only via the island’s own auto-ferry or private yacht.
While the interiors at Palazzo Del Sol were designed by award-winning duo Alison Antrobus and Ruby Ramirez, Palazzo Della Luna will feature interiors designed by New York-based firm Champalimaud Design. It will be the firm’s first-ever completed project in Miami. Both towers are led by PDS Development LLC with architecture by Miami-based Kobi Karp and landscape architecture by Enzo Enea.
The two-part development incorporates the island’s Mediterranean design into an aesthetic that is sophisticated, yet contemporary. “The design of Palazzo Della Luna embraces the tranquil and natural environment of Fisher Island, creating a lifestyle experience that emphasizes refined living,” says Winston Kong, Partner at Champalimaud Design. “By crafting a series of spaces that are epicurean yet subdued, and curating bespoke finishes, the public realm provides a sense of ‘luxury upon arrival’ while the residences become havens of serenity. Material choices such as plaster bas relief, gilded glass, statuary marble, terrazzo, and cerused oak contribute to an atmosphere of understated elegance and ease with just the right touch of indulgence.”
Residences will feature only the finest of finishes, private elevator entry, European oak wood flooring throughout open floor plans, and deep terraces overlooking stunning, panoramic views. Their Lualdi doors, BOFFI kitchens with Miele appliances and Sub-Zero refrigeration, and BOFFI master bathrooms exude the highest quality of interiors. The building will also offer three penthouses featuring 15 foot ceilings and Viking outdoor summer kitchens, each with a private stainless-steel pool and outdoor shower, in addition to four ground-floor lanai residences, three of which will enjoy their own private pools.
Seemingly endless amenities at Palazzo Della Luna will include a waterfront lobby lounge with butler-serviced aperitivo bar, a beauty salon, private massage and treatment suites, a media room, business center, children’s playroom, and a fitness center by The Wright Fit. A lush Central Park will connect Palazzo Della Luna and Palazzo Del Sol with tea gardens, a croquet lawn, bocce ball court, and a serenity yoga lawn. The residents of both sister properties will enjoy sunrise and sunset infinity-edge pools, a pool bar with towel and refreshment service, his & her spa cabana with sauna, steam, and shower, and spacious pool terraces with nine poolside cabanas available for purchase.
Boasting white-glove multi-lingual concierge service, Palazzo Della Luna will offer boutique condominium living with the highest level of luxury. The 10-story tower will feature 50 three- to seven-bedroom waterfront residences priced from $6.5 million to $40 million, and is currently slated for completion in summer 2019. For more information about Palazzo Della Luna or to schedule your personal sales presentation, please contact [email protected] or 305-428-3860.
New construction is coming to “Old Brickell”! We are pleased to introduce Una Residences, Brickell’s only bayfront preconstruction condo development. Once completed, Una will be the first waterfront development built in South Brickell (south of SE 15th Road) in over 20 years.
Una Residences is being developed by OKO Group, which is also developing Missoni Baia in Edgewater, and Cain International. The design architect for Una Residences is Adrian Smith + Gordon Gill Architecture (AS+GG). They will also be designing the interiors and common area spaces at Una Residences. The landscape architect for Una is Enzo Enea with Revuelta Architecture International acting as executive architect.
Una will rise 45 floors and have only 135 luxury condo residences, each with private elevator, chef’s kitchen, 10′-8″ high ceilings with floor-to-ceiling windows, and fabulous water views. Una will be comprised of two-, three-, four-, and five-bedroom residences ranging in size from 1,100 to 4,786 interior square feet. The development will be topped off with two spectacular penthouses, each with a private pool and 11′-7″ to 12′-4″ high ceilings.
During this Friends & Family pricing period, prices for units at Una range from $900,000 to over $5,000,000.
Sky Lounge
On February 3, 2018, One Thousand Museum officially topped off, marking a major milestone not only for construction of the elaborate and intricately designed tower, but also for the city’s ever-expanding skyline. “We’re now one step closer to revealing Zaha Hadid’s forward-thinking design,” says co-developer Louis Birdman. “Even in its current state, the building already stands out as the most iconic architectural work on Miami’s skyline. We’re excited to have developed something so unique and special for Miami.”
The developers of One Thousand Museum will celebrate their milestone accomplishment this week with a private evening event on the rooftop of the Frost Science Museum, located across the street from the project. Attendees will enjoy unobstructed views of the tower, flowing champagne, and passed hors d’oeuvres.
The process of constructing One Thousand Museum has been arguably one of the world’s most challenging builds. According to a recent press release, “the project’s curved exoskeleton is comprised of 5,000 pieces of lightweight glass-fiber reinforced concrete (GFRC) manufactured in and imported from Dubai. This is the first skyscraper in the world to utilize GFRC as a permanent formwork in the construction of the tower’s structure.”
While developer Louis Birdman had the foresight for One Thousand Museum and Pritzker Prize winning architect Zaha Hadid had the vision, general contracting firm Plaza Construction played an instrumental role in making both a reality. “This is a project that will not only enhance Miami’s skyline, but also redefine the standard of luxury for residential projects,” said Brad Meltzer, President of Plaza. “We do not shy away from challenging projects, as such we were immediately interested when we saw the overall complexity of the job. To date, the project team has faced some major tests, but the project has remained on schedule and we’re looking forward to the successful completion.” To learn more about the complexity of this groundbreaking process, make sure to watch “The Scorpion Tower” episode of Impossible Builds, a PBS documentary featuring 1000 Museum.
Now that the “heavy lifting” has been completed, it’s time for the building’s interior build-out to begin. For those who can’t wait to see the finished product, perhaps these newly released renderings will sate your appetite. Enjoy!
aquatic center
fitness center
spa
sauna
lobby
pool deck
pool deck
According to a recent report by Beauchamp Estates, the U.S. real estate market saw an influx of international investment with a new record high. Between March 2016 and March 2017, non-resident foreign sales for properties $1 million and up reached a total of $7.48 billion, a 72% increase from the prior year.
Nearly 40% of international buyer transactions came from three cities: Miami, Los Angeles, and Manhattan. Out of those three cities, Miami led the way, boasting 26% of the total international buyer transactions. 95% of those were purchased in cash. It’s no surprise that Miami luxury real estate is currently dominated by international buyers, with a whopping 80% of all properties over $1 million owned by foreigners.
According to Gary Hersham, managing director at Beauchamp Estates, “Miami is a leading hub for overseas buyers investing in U.S. luxury real estate. Alongside the beaches, restaurants/bars, leisure facilities and all year good weather, the City has become a leading financial and tech business hub.”
The report also offers figures of predicted growth in ultra-high net worth individuals from 2016 through the year 2026. For Miami, Beauchamp Estates estimates this figure will grow from 750 to 1,050 – a 40% increase! As the economy continues to improve, these predictions give us a clear picture of a very bright future for Miami luxury real estate.
Unless you’ve been living under a rock, you already know that Bitcoin – the world’s most famous cryptocurrency – has been all the craze these past couple of months. Opponents of Bitcoin argue that it lacks mainstream adoption and that prices are fueled by nothing more than pure speculative hype. However, that seems to have changed in recent months as local and national headlines have been filled with examples of luxury real estate properties listed for sale in Bitcoin denominated currency. Supporters of Bitcoin argue this flurry of activity is the tell-tale sign that mainstream adoption is just around the corner. Miami luxury real estate website – MiamiCondoInvestments.com – has prepared itself in case the latter proves true. Buyers shopping for Miami luxury homes or condos can now convert in seconds prices denominated in U.S. Dollars to Bitcoin for all luxury real estate in Miami and Miami Beach that is listed for sale on its website.
Below, you can see screenshots of the three-step process in action for using the Bitcoin converter:
Step 1: Click the “Currency Conversion” drop-down located underneath the property’s List Price.
Step 2: Select “Bitcoin” from the drop-down menu.
Step 3: Watch the property’s List Price convert from U.S. Dollars to Bitcoin. (Although BTC is the generally accepted abbreviation for Bitcoin, XBT is commonly used for foreign exchange and futures trading.)
The currency conversion tool can also be used to convert a property’s list price from U.S. Dollars to Bitcoin along with any one of 160+ currencies or precious metals. MiamiCondoInvestments.com uses a third party service to provide daily spot rates.
There are plenty of developments that miss the mark when it comes to bringing a 2-dimensional rendering to real life. That’s why it’s so refreshing when a newly completed development exceeds expectations, as was the case earlier today as I toured Privé at Island Estates.
Privé is an 8-acre development located on its own private island at 5000 and 5500 Island Estates Drive in Aventura, Florida. Designed by award-winning architecture firm Sieger Suarez, Prive is comprised of two twin towers, each rising 16 stories and with 74 residential units…and the floor plans are huge! The non-penthouse units range in size from 2,585 square feet to more than 9,000 square feet, each with 10-foot high ceilings and 10-foot deep terraces with summer kitchens, while the penthouse residences range in size from 4,238 to 16,104 square feet, each with 15-foot high ceilings and a private rooftop terrace with summer kitchen and a full-size pool. All of the units are flow-through residences with terraces on each side and water views from every room.
As the development’s name implies, privacy is a key selling point for Privé, as is security. As I made my way to the building this morning, I passed three separate security checkpoints, along with a number of roving and permanent security guards. If you’re someone of celebrity status and/or who values their privacy, going for stroll or jog around the island is no problem.
According to a developer rep, Prive enjoyed $20M in NEW sales in the month of December alone. Judging from what I saw earlier today, I don’t doubt it one bit. If you’re in the market for a large residence and have $2M to $8M to spend, I highly suggest that you check out this development.
Closings in the North Tower began on December 7th. South Tower closings are expected to begin this month. There are around 35 developer units remaining at Prive, which range in price from $2.3M to $8.3M, averaging around $950 per square foot (a fraction of what you’d find at a comparable development on the beach but with way more privacy and exclusivity). Email us at [email protected] or call us at 305-428-3860 to schedule a tour.
According to public records, 49 of the 58 total units at Fendi Chateau Residences have closed since closings began in September 2016. The sales prices range from $4,611,600 – for a 3 bedroom, 4.5 bath residence with 3,232 interior square feet – to $21,000,000 – for a 4 bedroom, 4.5 bath penthouse with 6,505 interior square feet.
The very first resale at Fendi Chateau Residences closed just last week. Unit 706, a 3 bedroom, 4.5 bath residence with 4,664 interior square feet (per tax records), sold for $7,970,000 ($1,709 per square foot). The original owner had paid $6,856,000 plus a 1.75% developer’s fee. Additionally, that owner paid to have 48-inch by 48-inch white marble flooring, Ornare closets, and white linen curtains installed throughout the unit.
Currently, there are 11 units at Fendi Chateau Residences that are listed for sale on the MLS, 3 of which are developer units (units 304, 306, and 802). The asking prices for those units range from $5,700,000 to $12,000,000 with an average asking price of $2,077 per square foot.
If you’re in the market for a turnkey furnished unit on the ocean, I highly recommend unit 604 at Fendi Chateau Residences. It was done to the nines and shows beautifully!!! Asking $7,995,000.
Check out our flyover video of Fendi Chateau Residences from 2016, shortly before the building was completed.
