New York Based Seafood Restaurant to Open in Miami Beach
Miami Beach will welcome the seafood restaurant Catch in 2023 thanks to the New York-based Catch Hospitality Group.
At 200 South Pointe Drive, the restaurant will take up 22,000 square feet. New York, Los Angeles, Las Vegas, and Aspen, Colorado are the current sites of Catch.
The restaurant space at the Continuum is owned by Los Angeles-based Black Lion, and Catch Hospitality, led by partners Tilman J. Fertitta, Mark Birnbaum, and Eugene Remm, negotiated a 15-year lease with Black Lion. The deal’s landlord and renter were both represented by Jeremy Hakala of Newmark’s Miami office.
According to Fertitta, “On the heels of two successful openings on the west coast, we are ready to continue our expansion. Miami Beach has experienced tremendous growth over the last few years, and the city’s evolving dining scene makes it the perfect time to bring our iconic brand to one of the greatest destinations in the world.”
Both indoor dining and a patio with a retractable roof will have an equal number of seats available. The Rockwell Group, based in New York, will create the design.
Steak, sushi, and seafood will all be offered on the menu. Private and semi-private events will be possible to be held at the restaurant.
Other well-known eateries like Prime 112, Carbone, Joe’s Stone Crab, and Milos will be close to Catch.
Black Lion acquired space for a restaurant in September in Miami’s Zaha Hadid-designed condominium One Thousand Museum. For the owner of the commercial property, it was his tenth purchase in South Florida.
Life is Good for Rapper Future Who Recently Purchased a Waterfront Miami Beach Mansion for $“16.3 Million
Award-winning rapper, Future just purchased a stunning waterfront property on Allison Island for $16.3 million.
The singer-songwriter, whose real name is Nayvadius DeMun Wilburn, purchased the 7,250-square-foot, seven-bedroom residence at 6493 Allison Road in Miami Beach. The property was sold by Pascale and Laurent Ouazana. Laurent Ouazana was the CEO of Entoria, one of the biggest insurance brokers in France, and is currently a board member.
According to the listing, the Allison Island estate was originally listed at a $19.9 million asking price. The 2020-built property has a three-car garage, 75 feet of water frontage, staff quarters, a detached guest house, a pool, and cabanas.
This large house includes an elevator, a rooftop terrace, Ornare kitchen cabinetry, stunning dual closets, and a private courtyard entrance.
With more than 8,500 square feet, it includes a detached guest suite, media room, 3 car garage, and 6 bedrooms in addition to staff quarters. You can experience magnificent sunrises, ocean breezes, and close proximity to schools, country clubs, and in-demand Sunset Harbour & Bal Harbour businesses if you are located deep within this exclusive enclave of only 49 waterfront houses.
The property, which was a portion of a double lot, was purchased by the Ouazanas for $12.5 million in 2020. The pair paid $7.9 million for the other site at 6505 Allison Road, which was sold to developer Todd Michael Glaser and his associates Scott Robins and Jonathan Fryd. On the property, they intend to construct a 10,000-square-foot mid-century modern home.
Booba, a French rapper, paid $6.1 million to Komodo and Gekko investor Nick Smith in October for the mansion he owned in Miami Beach. Lil Wayne has recently listed his Allison Island home for $29.5 million.
Miami International Auto Show Returns to Miami October 15-23, 2022
One of the biggest car shows in the country, the Miami International Auto Show, has revealed the dates for its nine-day event this year: October 15–23, 2022 at the Miami Beach Convention Center.
At this year’s auto show, more than 500 of the best cars, trucks, SUVs, and motorcycles will be on display. Over 700,000 guests from all over the world are anticipated for this year’s event.
The South Florida Automobile Dealers Association has been the show’s sponsor since it debuted in 1971. Over the course of its 50-year run, the program has donated over $7 million to regional causes, with the most recent $400,000 going to a longtime partner, the Ronald McDonald House.
The past event included around 300,000 people in attendance, in addition to automakers, historic vehicle groups, and automotive enthusiasts from around the world. Acura, Alfa Romeo, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Genesis, Honda, Hyundai, Jeep, Kia, Lexus, Nissan, Ram, Subaru, Toyota, and Volkswagon are among the exhibitors this year.
The convention center offers $30 for a limited amount of valet parking, which is accessible on a first come, first served basis. Across 17th St. is a municipal garage that charges $2 per hour with a $20 daily maximum. You can view a complete map of convention center parking before you arrive through the shows website. Miami Beach also offers additional public lots and garages close by.
The thrills happen at the Miami Beach Convention Center from October 15–23, 2022. Children under 12 are admitted for $6; adults must pay $15.
Nobu Hotel Miami Beach Made the List of the Top 100 Best Hotels in the World
Photo Credit: must.com.mx
A hotel in Miami Beach made the list of the 100 Best Hotels in the World just published by Travel & Leisure. Nobu Hotel Miami Beach, which came in at number 81 on the list and is styled to resemble a Japanese beach house, was hailed for its comforts.
According to the Travel + Leisure article, “The list of world-class amenities at this David Rockwell-designed beachfront hotel is impressively long: exceptional epicurean delights, a beautiful 22,000-square-foot spa, three pools, a private marina, and luxurious penthouse-level villas.”
Nobu also made the Best 15 Resorts in the Continental US coming in at #8. Faena Miami Beach also made this list at #14. These two resorts also topped the list for the 15 Best Resort in Greater Miami, followed by Ritz-Carlton South Beach, the Four Season Hotel at the Surf Club, The Setai, and the Standard Spa.
The rankings are weighed by consumer opinions and travel experiences, which are rated by the location, services provided, food services, facilities, and value.
According to Nobu’s website, Nobu Hotels create the idea of a lifestyle hotel by fusing contemporary cool luxury with modest Japanese culture. Together, Nobu Hotels, Restaurants, and Residences offer goods and services that are representative of the distinctive culinary experiences offered at Nobu.
Each offers a distinctively local experience in a space with a cutting-edge design. The Nobu Hotel idea is a tailored experience with each hotel being unique, under the direction of Nobu Matsuhisa, a well-known chef, Robert De Niro, and Meir Teper.
Tampa Bay Rays Co-Owner Just Sold Miami Beach Waterfront Estate for $31.5 Million
Randy Frankel, co-owner of the Tampa Bay Rays, has sold his oceanfront Miami Beach home for $31.5 million in an off-market deal and this mansion is too stunning not to share!
Not only is this waterfront mansion absolutely gorgeous, it is now considered one of the most expensive homes to sell in Sunset Islands. The property itself rests along Biscayne Bay expanding nearly 0.45 acres located at 1635 West 22nd Street. It features 7 expansive bedrooms, 8.5 bathrooms that include 4 bedrooms in the main house, 2 guest suites and a staff room.
This contemporary and gated home is Miami living at the finest, with its ultra-modern design, grand living room with 14 foot ceilings, chef’s kitchen, formal dining, and wall to wall sliding doors leading to an elite outdoor entertaining space.
This home also offers a number of luxury amenities including, an elevator, resort-style pool, deck with summer kitchen, rooftop deck, new seawall, and a large dock.
The property was developed by Todd N. Glaser and designed by Domo Design.
The Frankels originally purchasing the home in August 2020 for $14.4 million and then sold it at a 120% markup. Property records for the home show the buyer as Ares Management CEO Michael Arougheti. Ares Management is listed as an investor for the Inter Miami CF for the Major League Soccer team with David Beckham.
Although Randy Frankel is the co-owner of the Tampa Bay Rays, he has also been apart of some big ventures. He is the former managing director at Goldman Sachs, real estate investor, owns vineyards on Long Island, gyms, country clubs, and has stake in a few European sports teams. The Frankels also recently sold a Miami penthouse for $6.45 million in January 2021 and another penthouse in December 2021 for $9.491 million.
About Sunset Islands
Sunset Islands are a set of four small islands located just to the West of Miami Beach. As the name implies, the islands are known for their captivating sunset views that offer both dry and waterfront lot homes. This luxury neighborhood is one of the most highly coveted in all South Florida.
Residents enjoy 24 hours a day gated entry, private docks for waterfront homes, and a central location to hot spots such as Sunset Harbour and Lincoln Road. Serving stunning water views, a prime locale, and elegant bayfront estates, the Sunset Islands community is undeniably one of Miami Beach’s finest.
There are currently 7 homes listed for sale on Sunset Islands with a starting price of $5 million.
Triple Tower Development Proposed by Hyatt and Gencom on the Miami River
Hyatt and Gencom have recently formed a partnership with the goal to redevelop downtown Miami’s Hyatt Regency into a 3 tower development site located directly on the Miami River. This development is expected to enhance access in and out of the city, and revitalize a major section of Miami’s riverfront.
The proposal calls for a privately funded makeover that includes a reinvented Hyatt Regency hotel with over 1,500 residential apartments, meeting space, and open-air public space along the Miami River.
Three skyscrapers are planned for the site. 682 multifamily apartments, a 615-room Hyatt Regency with over 100,000 square feet of conference space, and 264 serviced apartments will be housed in Towers 1 and 2, which will rise 61 stories.
Tower three, which is expected to have 860 residential units, will be one of South Florida’s highest structures dubbing it a supertall tower. According to a spokesperson of the joint venture, the supertall tower would be 1,049 feet tall, which is the highest height allowed by Miami’s zoning standards.
The towers will be above a podium structure with 190,000 square feet of Class A conference space, which is a 50 percent increase over the James L. Knight Center’s current capacity.
Tower Proposal
1,806 apartments
20,000 sq. ft. of co-working space
615 rooms under the Hyatt Regency hotel brand
190,000 sq. ft. of meeting space
12,000 sq. ft. of food and beverage/retail space
Restaurant and lounge located in a skybridge linking the two shorter towers just 700 ft high
50,000+ sq. ft. of public space
1,100 parking spaces
Rebuilt riverwalk spanning 480 feet
Covered pedestrian bridge connection to Metromover’s Knight Center Station
Arquitectonica is listed as the architect. Construction on the Hyatt Regency Miami property is planned to begin in 2025 if voters approve the project in November 2022.
Largest Polo Event in the World Heads to Miami-World Polo League Beach Polo World Cup
Eight International teams, 10 nations, and 120+ horses come together for one weekend on the gorgeous beaches of Miami Beach for the largest Polo event in the world. Starting April 29th through May 1st, each day will feature high goal matches with some of the best players in the world all produced by Lifestyle Polo.
Located on the beach of Collins Park spanning over 140 meters, this event draws in around 12,000+ visitors. General admission is complimentary but you can upgrade to VIP tickets which include shaded lounges, catering, and a full bar.
According to Tito Gaudenzi, founder of the World Polo League Beach Polo World Cup, “We are thrilled to return this April with our annual World Polo League Beach Polo World Cup, Miami Beach. The competition between the teams and individual players will no doubt be as intense as ever.”
Schedule:
Wednesday – 27th of April 2022
6 pm – Game Draw (Live on ChukkerTV)
Thursday – 28th of April 2022
5 pm – Team & Sponsor meet and greet hosted by St. Moritz and Eviva Polo – In the VIP tent of the Polo grounds (by invitation only)
Sponsors include The Setai South Beach, Land Ro9ver, Casablanca, World Polo League, Richard Mille, Ketel One, Delta Airlines, 1 Hotel South Beach, Soho House, Haig Club Whiskey by David Beckham, and more.
JMH Development to Build 7 Story Luxury Tower in Miami Beach
The long-awaited Miami Beach condo project by JMH Development can finally move forward after the lawsuit against the developer was dismissed. The lawsuit included the actual condo site where the plans for this new tower would be constructed.
The project has been put on hold for 5 years due to a dispute between the original partnership of Jason Halpern (Managing Partner for JMH Development) and companies owned by Dhruv Piplani. In 2017, Piplani filed suit again Halpren and accused them of selling the property without permission of the co-investors.
When originally purchased, the property was purchased for $7.75 million by 29 ICD LLC, managed by Gerard Longo, who is noted as a longtime business partner of Halpren.
To add fuel to the fire, in 2020, Halpern filed for a $5.25 million mortgage foreclosure against the property. The original case was dismissed due to a breach of contract because PSB Indian Creek failed to make the $800,000 contribution toward the project in 2016.
According to Halpren, “In addition to Justice Masley’s ruling in favor of JMH Development across the board, the court awarded our client attorneys’ fees. This is a big win for our client, and demonstrates the egregious nature of the claims made against them.”
The project itself will be located at 2901 and 2911 Indian Creek Drive in Miami Beach. It is approved to rise up to 7 stories with 22 luxury condo units. The property itself will have to stay under 17,150 square feet and will also feature a rooftop pool, as well as a parking garage for 22 cars.
Can the Metaverse Change the Miami Real Estate Market?
“Metaverse” is a massive buzzword in the realms of technology, business, and finance right now, and like all buzzwords, its definition is hazy, debated, and molded by the objectives of those who use it. Now, the Metaverse is being debated whether it can be a real estate game-changer.
One Miami commercial group is trying to make their listings more attractive by utilizing the Metaverse. Currently, Inhouse Commercial is partnering with the Metaverse Group to create a virtual copy of the two buildings that they have for sale in Miami Beach.
The properties are located at 930 and 960 Alton Road, and whoever purchases the properties, will receive the digital copies of the buildings in the Metaverse. The total asking price for the package is $25 million.
The property is owned by the former Miami Beach Mayor, Phillip Levine. It has been on the market since early 2021. Although the property has received multiple offers, the company stated that they believe they could lure in a big tech company with the Metaverse addition.
Metaverse Group, a significant virtual real estate owner and developer, has so far only created representations of the virtual property. According to Matt Zanardo, the firm’s consulting head, it will wait until Inhouse finds a buyer to completely build it out and choose the metaverse where it will reside.
According to Inhouse’s owner, “Companies and brands in our line of business were entering the metaverse, and we saw there was probably going to be a need for a connection to the real world.”
Recently, a number of organizations and brands have entered the metaverse recent months, and the feasibility of the virtual real estate industry has yet to be shown.
If the company succeeds with this deal, this will be the first-ever commercial/metaverse purchase and will forever change how commercial properties are presented to developers as well as other potential buyers.
