Ytech Secures $104 Million Financing for The Residences at 1428 Brickell
Miami’s real estate landscape is about to receive another jewel in its crown as Ytech, a prominent developer, announces securing a staggering $104 million in financing for The Residences at 1428 Brickell. Nestled in the heart of Miami’s Brickell Financial District, this 70-story residential masterpiece promises to redefine luxury living in one of the city’s most coveted locations.
Designed by the renowned firm Arquitectonica, with interiors crafted by ACPV Architects and landscaping envisioned by Arquitectonica GEO, The Residences at 1428 Brickell stand tall at 861 feet. Boasting an impressive 40% in sales within a year, this project has already captured the attention of luxury buyers, signaling a promising future ahead.
The recent financial infusion, orchestrated by Linkvest Capital and Banesco, with $78 million in refinancing and an additional $26 million in first mortgages, propels this development into its subsequent phases with unwavering momentum. Spearheaded by John Moriarty & Associates as the general contractor, the project is set to undergo demolition and construction, marking a significant milestone in its journey towards completion.
“We continue to successfully hit our targets in sales, finance, and construction for this project, surpassing 40% in sales within a year, securing $104 million in financing, and commencing the demolition process,” said Yamal Yidios, CEO of Ytech. “As we approach groundbreaking, we are determined to deliver the highest-quality project in Brickell.”
The Residences at 1428 Brickell will offer 189 meticulously crafted residences, ranging from two to four bedrooms plus a den, priced from $2 million to $7 million. Each unit, spanning between 1,800 to 4,000 square feet, is designed to maximize light and space, embracing a true flow-through configuration to enhance the living experience.
One of the crown jewels of this development is the $60 million penthouse, boasting 30-foot ceilings and offering unparalleled views of Biscayne Bay. Lower penthouses, starting from $8 million, further accentuate the allure of this luxurious offering.
In addition to the lavish residences, The Residences at 1428 Brickell will feature over 80,000 square feet of amenities, meticulously curated to elevate the lifestyle of its residents. From a sprawling 10,000-square-foot gym to a rooftop pool and a hot spa, every amenity promises to offer an oasis of relaxation amidst the vibrant cityscape. A two-story wine and fine art lounge, showcasing panoramic water and city views, further adds to the allure of this development.
The project is slated for completion in 2027.
Apple Touches Down: A New Era Begins at Miami Worldcenter
After months of speculation, it’s official: Apple is making its mark on Miami Worldcenter, the sprawling 27-acre megadevelopment in Downtown Miami. A leasehold agreement filed to Miami-Dade County confirms the tech giant’s arrival, adding to the excitement surrounding this ambitious project.
Construction has been underway since November for a one-story, stand-alone retail building located at 725 NE First Avenue. With a price tag of $12 million, this development is poised to become a focal point within the Miami Worldcenter landscape. Situated on an 18,600-square-foot site, the building occupies a prime spot at the corner of Northeast Eighth Street, just west of the Jewel Box retail building.
Miami Worldcenter, akin to New York’s Hudson Yards, is one of the largest private projects in the country. Spearheaded by master developers CIM Group, Art Falcone, and Nitin Motwani, this mixed-use development promises approximately 300,000 square feet of retail space, offering a vibrant shopping and entertainment experience in the heart of Miami.
Already, the development has welcomed a lineup of notable brands, including Sephora, Lululemon, and Ray-Ban. Exciting additions on the horizon include Starbucks, The Container Store, Rihanna’s Savage X Fenty, and a bar concept by Nick Jonas, among others. Apple’s presence adds further prestige to this burgeoning retail hub.
Speculation about Apple’s involvement at Miami Worldcenter has been rife for months, but confirmation was elusive until now. Despite persistent rumors, both Miami Worldcenter and Apple remained tight-lipped on the matter. However, the recent leasehold agreement filing and confirmation from individuals involved in the project have dispelled any doubts.
Apple’s decision to establish a presence at Miami Worldcenter marks its sixth outpost in Miami-Dade County. This move underscores the company’s commitment to enhancing its retail footprint, particularly following the departure of former retail chief Angela Ahrendts in 2019. Ahrendts, renowned for her tenure at Burberry, left a lasting legacy on Apple’s retail strategy.
With Apple’s imminent arrival, Miami Worldcenter continues to solidify its position as a premier destination for shopping, dining, and entertainment. As construction progresses and anticipation mounts, residents and visitors alike eagerly await the unveiling of this iconic retail landmark.
RedHoek + Partners Officially Launches Sales for Boutique Development Solina Bay Harbor Miami
Miami’s Bay Harbor Islands are renowned for their blend of urban sophistication and coastal allure. Now, RedHoek + Partners unveils their latest gem in this vibrant locale – Solina Bay Harbor. With sales officially launched, Solina promises an exquisite living experience that epitomizes luxury and style.
Solina Bay Harbor stands proudly at 1055 93rd Street, offering a boutique collection of nine exclusive condominium units. Pricing for these residences starts at $1.4 million, providing an opportunity for discerning buyers to secure their slice of Miami’s coveted real estate market. Anticipated completion is set for Q1 2025, promising a timely and exciting prospect for prospective homeowners.
Solina Bay Harbor offers a meticulously curated selection of one-, two-, and three-bedroom units, ranging from 1,400 to 2,600 square feet. Each residence boasts carefully crafted floor plans designed to optimize space and comfort, embodying the essence of modern luxury living.
One of Solina’s standout features is its rooftop pool, providing residents with an unparalleled urban oasis. With panoramic views stretching across the Miami skyline and beyond, the rooftop pool offers a serene retreat where residents can relax and unwind in style.
Lee Cohen, representing RedHoek + Partners, expresses his excitement for Solina Bay Harbor’s launch, stating, “I am thrilled to announce our highly anticipated launch at Solina. This new market offers a canvas where we can blend urban sophistication with a coastal lifestyle. Being our first project in this market, we are excited to be partnering with leading brokerages, Development Marketing Team & The Inside Network. Our boutique 9 unit building embodies meticulous design and carefully curated floor plans, reflecting the essence of luxury living.”
Solina Bay Harbor represents a fusion of elegance, innovation, and unparalleled luxury. With its prime location, thoughtful design, and collaborative approach to sales and marketing, Solina promises to redefine the standard of upscale living in Miami’s Bay Harbor Islands.
St. Regis Residences Miami Construction Update
In the bustling heart of Brickell, a new architectural marvel is beginning to take shape. The Robert A.M. Stern Architects’ St. Regis Residences tower is poised to redefine luxury living in the city’s skyline. With recent developments and permits underway, it’s a project that has captured the attention of locals and enthusiasts alike.
A significant milestone was reached as a site work permit was applied for the St. Regis Residences tower. This marks the official commencement of preparations for construction, signaling the beginning of a transformative journey for the Brickell neighborhood.
Standing tall at an impressive 52 stories, the St. Regis tower promises to be a beacon of elegance and sophistication. Its sleek design, crafted by the renowned Robert A.M. Stern Architects, is set to elevate Miami’s architectural landscape to new heights.
Behind the scenes, Coastal Construction has been appointed as the contractor for this ambitious project. With their expertise and experience, Coastal is poised to ensure the successful realization of the St. Regis Residences tower.
The road to this point has been meticulously planned, with permits and approvals paving the way for progress. In January, a phased permit for full vertical construction was applied for, with ongoing reviews shaping the future of the tower. Back in August, the master permit for the new tower was also submitted, highlighting the meticulous planning that precedes such an endeavor.
Preparation for the tower’s ascent hasn’t been without its share of groundwork. In February, a total demolition permit was issued, signaling the start of a significant phase in the project. The BG Group has been tasked with the demolition, with a schedule spanning from February to July. Employing a wet method of demolition ensures a safe and efficient process, minimizing disruption to the surrounding area.
As the project progresses, details of the St. Regis Residences begin to emerge, offering a glimpse into its future allure. With 152 residential condo units planned, the tower is poised to become a coveted address in Brickell. Standing at 630 feet above ground, or 639 feet above sea level, the St. Regis Residences will offer unparalleled views and luxurious living spaces, redefining the skyline and setting a new standard for urban living in Miami.
With each permit issued and each milestone reached, the St. Regis Residences tower draws closer to becoming a reality. As construction progresses, anticipation mounts, promising a future where luxury and sophistication converge in the heart of Brickell.
Luxury Hypercar Brand Pagani Launches its First Residential Condo Development in North Bay Village – Pagani Residences Miami
In a groundbreaking collaboration between Miami-based developer Riviera Horizons and the esteemed Italian Hypercar brand Pagani, the world’s first Pagani Residences are set to grace the skyline of Miami’s North Bay Village. This boutique luxury residential building, boasting interiors designed by Pagani Arte, promises to redefine opulent living in the heart of Miami’s vibrant landscape.
Pagani Residences represent the convergence of Pagani’s bespoke design ethos with Miami’s dynamic energy. Renowned for its exquisite quality and unique engineering in crafting tailor-made Hypercars, Pagani Automobili brings its signature blend of luxury and innovation to the world of residential living.
Horacio Pagani, founder and CEO of Pagani Automobili, describes Pagani Residences as an exciting blend of bespoke design and vibrant allure. He envisions residents experiencing the same exhilaration and excitement as Pagani Hypercar owners, capturing the essence of Pagani’s distinctive craftsmanship and design philosophy.
Designed by Miami’s renowned architecture firm Revuelta Architecture International, with interiors curated by Pagani Arte, Pagani Residences embody the epitome of luxury living. The 28-story tower boasts 70 residences, each featuring spacious two-to-four-bedroom layouts with panoramic waterfront views and private terraces.
The pinnacle of extravagance is embodied in the grand two-story penthouses, complete with private rooftop pools and expansive outdoor living spaces. With only four residences per floor, privacy is paramount, offering residents a sanctuary amidst the bustling cityscape.
From valet parking and porte-cochère to a pet spa and waterfront lobby, Pagani Residences spare no expense in providing residents with a curated living experience. The ground floor amenities include bicycle, paddleboard, and kayak storage, 24/7 security, private garages, and preferred parking.
Residents can indulge in a collection of wellness amenities on level 27, including a state-of-the-art fitness center, dedicated Pilates and yoga studios, and a spa with stunning views of Biscayne Bay. The rooftop pool and sky lounge on level 28 offer breathtaking 360-degree views of the Atlantic Ocean and Biscayne Bay, complete with poolside cabanas and fully appointed summer kitchens for alfresco dining.
Nestled in North Bay Village on Harbor Island, Pagani Residences offer a serene retreat with some of Miami’s most astounding views. Situated in the epicenter of art, culture, and lifestyle, residents are within a short distance of Miami International Airport, shopping districts, golf courses, and cultural attractions.
Riviera Horizons is a multi-faceted real estate firm dedicated to curating exceptional living and investment opportunities. Led by founder and CEO Mikael Hamaoui, Riviera Horizons bridges aspirations with possibilities, creating spaces that transcend mere structures and foster communities where individuals thrive.
Pagani Arte expands the Pagani experience from the automotive world into new horizons in interior design. Embracing a multitude of fields, from furniture to aviation, Pagani Arte strives to achieve the perfect balance between functionality, aesthetics, craftsmanship, and technical innovation.
With prices starting at $2.4 million, Pagani Residences invite you to experience the pinnacle of luxury living in Miami. Pagani is anticipated to be completed in 2027.
Construction Update for Cipriani Residences Miami
In a cityscape that’s constantly reaching for the sky, the 80-story Cipriani Residences Miami construction site in Brickell has its eyes set on new heights, quite literally. Recent filings with the Federal Aviation Administration (FAA) have lifted the veil on the ambitious plans for the tower cranes that will oversee this monumental project.
According to the filing submitted just last week, the dimensions of these cranes are nothing short of awe-inspiring. The first crane is slated to ascend to a staggering 1000 feet above ground, equivalent to 1003 feet above sea level. Not to be outdone, its counterpart will soar to 980 feet above ground, or 983 feet above sea level.
These towering cranes serve as beacons of progress, symbolizing the monumental task at hand as the Cipriani Residences project takes shape. The groundbreaking ceremony, held just last month, marked a historic moment for Brickell, as it heralded the commencement of construction on what will be the tallest tower ever to grace its skyline.
Once completed, Cipriani Residences is set to stand proudly at a permanent height of 940 feet above ground, or 950 feet above sea level. Prior to breaking ground, the developer secured a hefty $600 million construction loan, underscoring the confidence in the project’s success and its potential to redefine luxury living in Brickell.
Yet, Cipriani Residences is not a solitary endeavor. It’s part of a larger vision for the area. Alongside the main tower, two additional structures are slated to rise, standing 50 and 60 stories tall. Together, these buildings will offer a total of 856 units, adding a new dimension to Brickell’s residential landscape with their focus on rental apartments.
With such grand plans come meticulous timelines. Completion of Cipriani Residences is projected for the year 2028, promising a new era for Brickell and setting a high bar for future developments in the city.
M-Tower Construction Update: Building Towards Miami’s Future
At a recent gathering hosted by the Miami Parking Authority (MPA), developers of the eagerly anticipated M-Tower provided an insightful update on the project’s progress. Nestled in the heart of Miami, this architectural marvel is set to redefine the city skyline, and the latest developments shed light on the innovative strides being made.
The construction of M-Tower stands as a testament to collaboration between public and private entities. Situated on a blend of MPA land and adjacent private property owned by the developer, this fusion exemplifies synergy in urban development.
A significant milestone was reached with the recent demolition of an MPA garage, clearing the path for the grand ascent of M-Tower. This strategic move underscores the commitment to progress and innovation in urban planning.
In a bid for excellence, the developer has dedicated resources to value engineering, resulting in notable enhancements. The refined façade, enhanced balconies, and increased glazing reflect a dedication to superior aesthetics and functionality.
With an eye towards meeting growing demand, an additional 90 units have been integrated into the design. Emphasizing accessibility, all units will be available for rent, catering to diverse lifestyles and preferences.
In a bid for structural efficiency, an extra floor has been seamlessly incorporated into the design. This strategic addition not only enhances stability but also allows for innovative approaches to construction, such as reduced rebar usage and elevated ceilings.
While the footprint for amenities has been streamlined, the essence of luxury remains uncompromised. Spanning the ninth level, an array of upscale amenities awaits residents, including a lounge, co-working space, poker room, game room, grab-and-go options, pool lounge, pet spa, and expansive gym. Additionally, a dedicated health and wellness area promises rejuvenation with features like a sauna, steam room, experiential showers, and relaxation lounge.
Thanks to meticulous planning and refinement, the revised design circumvents the need for further review by the Urban Development Review Board, streamlining the path to realization.
In a bid for excellence, a private provider has been enlisted for plan review, ensuring adherence to the highest standards throughout the process.
The commitment to excellence is mirrored in the substantial investment made thus far, totaling $17.1 million. This financial dedication underscores the magnitude of the project and the vision driving its execution.
With the appointment of Moss Construction Group as the general contractor, confidence abounds in the project’s successful realization.
As the M-Tower continues its ascent, it stands not only as a symbol of architectural ingenuity but also as a testament to the collaborative spirit shaping Miami’s future. With each milestone achieved, the promise of a vibrant, dynamic urban landscape grows ever closer, beckoning residents and visitors alike to embrace the essence of modern living in the heart of the Magic City.
Unveiling the Santander Tower – A Beacon of Innovation on Brickell Avenue
Excitement is buzzing in Miami’s vibrant Brickell neighborhood as plans for the new Santander Tower unfold. With the latest updates surfacing, it’s time to delve into what’s in store for this striking addition to the city’s skyline.
According to reports, the fate of the Santander Tower is still pending, with a final decision yet to be reached. In a significant development, Santander Bank has already taken steps to solidify its presence in Miami’s bustling landscape. The bank secured a lease agreement with Miami Worldcenter for a prime retail space spanning over 4,000 square feet. This strategic move underscores Santander’s commitment to establishing a strong foothold in one of Miami’s premier destinations.
The lease, inked on January 31st, not only marks Santander’s proactive approach but also grants the bank exclusive rights within the retail banking domain at Worldcenter—a testament to the institution’s foresight and strategic planning.
Last week, the Urban Development Review Board delivered a unanimous vote in favor of recommending the new tower’s approval. However, this endorsement comes with a twist—the board proposed the incorporation of shade trees instead of the conventional palm trees at the northwest corner of the property, reflecting a nod towards sustainability and environmental consciousness.
With the demolition permit for the existing 14-story office building nearing approval, the stage is set for the grand entrance of the Santander Tower. Standing tall at 40 stories, with an impressive height of 765 feet above ground and 778 feet above sea level, this architectural marvel promises to redefine Miami’s skyline.
The tower’s ambitious design encompasses 612,918 square feet of top-tier office space, along with 107,953 square feet dedicated to food and beverage outlets—a nod to Brickell’s reputation as a culinary hotspot. Additionally, the inclusion of a multi-level urban club adds an enticing dimension to the tower’s offerings, catering to the diverse needs of Miami’s cosmopolitan populace.
Parking, often a concern in urban landscapes, is addressed with finesse as the tower boasts 1,496 parking spaces—a thoughtful touch that enhances convenience for tenants and visitors alike.
Environmental sustainability takes center stage with the Santander Tower slated to achieve LEED platinum certification—a testament to its eco-conscious design and commitment to minimizing its carbon footprint.
Behind this architectural masterpiece lies the vision of Handel Architects of New York—a firm renowned for its innovative designs and transformative urban projects. With their expertise at the helm, the Santander Tower is poised to set new benchmarks in architectural excellence and urban living.
Domus Brickell Park in Brickell Set to Break Ground in March 2024
In the heart of Miami’s bustling Brickell Financial District, a new landmark is set to rise, promising to redefine luxury living and hospitality in the area. Domus Brickell Park, a visionary 12-story condominium development by North Development, a strategic joint venture between Ricardo Dunin’s Oak Capital and Edifica, Peru’s foremost developers and builders, is gearing up to break ground next month, marking a significant milestone in Miami’s real estate landscape.
The project, located at 1611 Southwest 2nd Avenue, has already garnered substantial attention, with over 50% of its 171 residential units sold, including the project’s sole commercial space. What sets Domus Brickell Park apart is its innovative concept of Domus FLATS (Flexible Apartments for Temporary Stays), which seamlessly blends the convenience of luxury hotel amenities with the income potential of rental properties, capturing the imagination of the community and investors alike.
Designed by renowned firms Zyscovich Architects and Urban Robot Associates, Domus Brickell Park promises an unparalleled living experience. Each of the 171 fully-furnished studio, one, and two-bedroom units will exude a sense of home, boasting private balconies, keyless entry, premium appliances, and finishes, including in-unit washers and dryers. The building’s amenities are equally impressive, featuring a 4,200-square-foot central space, café, wine bar, gourmet market, lush garden lounge, gym, steam room, rooftop pool deck, cabanas, hot tub, and a bike share program.
Kurt Kehoe, Founding Partner of North Development, expressed his excitement about the project’s success, emphasizing its transformative impact on the market. “We have reimagined the outdated condo-hotel concept through this new and innovative form,” he remarked. “The overwhelming interest underscores the demand for a fresh approach to luxury living and hospitality.”
With delivery slated for the winter of 2025, units at Domus Brickell Park range from $500,000 to $1.2 million, offering sizes from 330 to 947 square feet. The Domus FLATS model prioritizes operating efficiencies to reduce owner costs, boasting high-level hotel management and services, including 24-hour valet, a reservations platform akin to major hotels and airlines, and the Domus App for seamless check-ins and services, supported by a 24/7 concierge.
Juan Carlos Tassara, cofounder of Edifica, emphasized the uniqueness of Domus FLATS, noting its potential to attract both residents and guests, thereby fostering long-term stability for owners. Domus Management, a subsidiary of North Development, is committed to delivering unparalleled service, drawing on decades of industry experience to ensure consistency, efficiency, and professionalism in the short-term rental process.
In a further testament to its progress, the developer recently finalized a water and sewer agreement with Miami-Dade and appointed Thornton Construction Company Inc. as the general contractor, with MTCI Private Provider serving as the permit expediter.
As Domus Brickell Park prepares to break ground, it signals a new era of luxury living and hospitality in Miami’s Brickell Financial District. With its visionary design, innovative concept, and commitment to excellence, it stands poised to redefine the skyline and elevate the standard of living for its residents and guests alike.
