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.
Dwyane Wade and Gabrielle Union Sell their Miami Beach Waterfront Mansion for $22 Million
What a crazy week for luxury real estate! Another mansion just sold in Miami Beach by none other than retired Miami Heat basketball player, Dwyane Wade and wife, Gabrielle Union.
Wade and Union first purchased the home located at 5980 North Bay Road in Miami Beach in 2010 for $10.6 million. The couple originally listed the home for $32.5 million in 2019 and lowered the price in December 2020 to $20.6 million. The home has been under contract with the same buyer since January of this year and just closed on June 1, 2021.
Sitting on 13,800 square feet of living, the 6-bedroom, 9 full bathrooms, and 2 half bathrooms is infused with Spanish architecture mixed with contemporary designs throughout. The chef’s kitchen features neutral tones and quartz countertops with Sub-zero and Wolfe appliances. The home also boasts an impressive master suite, wine cellar, and a large theater.
The home sits on professionally manicured 1 acre parcel with an expansive pool overlooking Biscayne Bay, boat dock, outdoor kitchen, guest house, outdoor basketball court, and playground.
The buyer for this property has not been disclosed. Wade and Union are currently residing in Los Angeles where they purchased a Hidden Hills Mansion for $18 million in 2020.
Dwyane Wade retired from his 16-year Miami Heat basketball career in 2019. Wade holds the Miami titles for all-time leader in points, games, assists, steals, shots made, and shots taken. He is also a minority owner of the Utah Jazz.
Gabriel Union is an American actress, activist, and voice actor. She has stared in movie roles on Bad Boys II, Bring It On, and She’s All That. Time Magazine included Union in the 100 Most Influential People in the World of 2020 magazine edition.
MLB Hall of Famer Mike Piazza Sells Miami Beach Mansion for $15 Million
If you need anymore convincing of how hot the Miami real estate market is, another luxury mansion just sold! It gets better because the seller is Major League Baseball Hall of Famer Mike Piazza.
Piazza listed the Miami Beach mansion in December 2017 at $18.5 million. The property located at 1401 West 27th Street, Miami Beach was recently relisted for $14.7 million with a sold price of $15 million. This 8 bedroom, 9.5 bathroom mansion features 9,438 square feet of custom finishes including Jerusalem stone floors and an Italian-inspired kitchen. A private pool, dock, and boat lift elevates the remarkable 100 feet water frontage lot.
The buyers for this incredible residence is none other than the Major Food Group’s co-founder Jeffrey Zalaznick and wife. The couple has been renting the property since October 2020.
According to tax records, Piazza paid $10 million for the home in 2008. But don’t worry, they are not leaving Miami any time soon. They still own a unit at the Ritz-Carlton Residences Miami Beach that they purchased in 2019 for $5.6 million.
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!
Introducing the Villas at The Ritz-Carlton Residences Miami Beach
Villa with Private Pool
Have you ever wished you could have the best of both worlds: a private and independent abode coupled with world-class amenities and service? If so, you’re in luck…the developer of The Ritz-Carlton Residences Miami Beach recently released a collection of 15 stand-alone villas comprised of 8 waterfront villas with private boat dockages and 7 landside villas surrounded by lush, tropical landscaping. Each two-story residence, designed by Master Italian Architect Piero Lissoni and executive architect Ralph Choeff, includes an air-conditioned two-car garage, a private pool, and a fenced private yard. In all, the villas have five different types of floor plans: A, B, C, D, E, and F (towards the bottom of this post, you will find a rendering of each different type along with pricing info).
Villa Features
Custom two-story residence designed by the late Piero Lissoni
Waterfront villas with private dockages
Air-conditioned two-car garage
Private pool
Variable refrigerant flow HVAC system
Laundry room with Electrolux front-loading washer and dryer
Lualdi solid-core oversized doors
Expansive hurricane-resistant windows and doors
Fenced private yard
Kitchens Custom-Designed by Piero Lissoni
Boffi kitchen designed by Piero Lissoni
Gaggenau built-in fully integrated side-by-side refrigerator and freezer
Gaggenau gas cooktop
Gaggenau microwave oven
Gaggenau stainless steel wall oven
Gaggenau wine cooler
Gaggenau coffee maker
Gaggenau full-sized fully integrated dishwasher
Elica range hood
Expansive stone countertops
Fantini plumbing fixtures
Master Bathrooms Designed by Piero Lissoni
Soaking tub
Fantini plumbing fixtures
Oversized glass-enclosed rain shower
Stone floors and walls
Living Room with View of Private PoolBoffi Kitchen Designed by Piero LissoniMaster Bath Designed by Piero LissoniVilla A
Villa A
Asking: $5,975,000
Beds/Baths: 4-Bed/4.5-Bath
Interior: 4,295 square feet
Garage: 466 square feet
Balcony/Decks: 1,627 square feet
Total Living: 6,388 square feet
Lot Size: 9,733 square feet
Villa B
Villa B
Asking: $6,950,000
Beds/Baths: 4-Bed/5.5-Bath/Family Room
Interior: 4,294 square feet
Garage: 527 square feet
Balcony/Decks: 1,578 square feet
Total Living: 6,399 square feet
Lot Size: 8,733 square feet
Villa C
Villa C
Asking: $7,500,000
Beds/Baths: 4-Bed/4.5-Bath/Family Room
Interior: 4,643 square feet
Garage: 511 square feet
Balcony/Decks: 2,048 square feet
Total Living: 7,202 square feet
Lot Size: 9,743 square feet
Villa D
Villa D
Asking: $4,375,000 to $4,700,000
Beds/Baths: 3-Bed/3.5-Bath
Interior: 3,306 square feet
Garage: 486 square feet
Balcony/Decks: 1,257 to 1,303 square feet
Total Living: 5,049 to 5,095 square feet
Lot Size: 7,499 to 7,505 square feet
Villa E
Villa E
Asking: $4,990,000
Beds/Baths: 3-Bed/3.5-Bath/Family Room
Interior: 3,263 square feet
Garage: 571 square feet
Balcony/Decks: 1,455 square feet
Total Living: 5,289 square feet
Lot Size: 9,933 square feet
The villas are currently under construction with completion slated for 2022. The waterfront villas are expected to be delivered from May to August 2022 while the landside villas are expected to be delivered from August to October 2022. If you or someone you know have an interest in purchasing one of the villas at The Ritz-Carlton Residences Miami Beach, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
The Rooftop Penthouse at 57 Ocean – Asking $38M
Photo Credit: DBOX
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.
Photo Credit: DBOXPhoto Credit: DBOX
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
Penthouse 12 floor plan
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.
