In the heart of Bay Harbor Islands, a new landmark development is rapidly emerging as a beacon of luxury and exclusivity. The Origin Residences by Artefacto, launched only six months ago, has already achieved a remarkable sales milestone, with 70% of its units sold. This impressive feat positions it as one of the fastest-selling residential buildings in the area, underscoring the enduring allure of Miami’s waterfront lifestyle.
Origin Residences is the brainchild of a unique collaboration between Chile-based VDA | Origin Miami and the internationally renowned home furnishings brand Artefacto, headed by Paulo Bacchi. VDA, led by the visionary duo Mauricio Moya and Sergio Guzmán, is a prominent development company in Chile, bringing its expertise to this ambitious project.
The development promises to elevate Miami’s Bay Harbor Islands with 27 custom finished and furnished condominiums. These luxury boutique residences range from two-to-four bedrooms, with sizes spanning from 1,300 to 2,330 square feet. Starting prices were pegged at an impressive $1.390 million, a testament to the project’s premium offerings.
Interestingly, a significant proportion of the buyers are Brazilians, reflecting South Florida’s increasing appeal to Brazilian investors. The Miami Association of Realtors highlights Brazil as the third top international homebuyer market in 2023, further emphasizing this trend.
Mauricio Moya, VDA Miami’s lead developer, attributes these remarkable milestones to the insatiable demand for authentic Miami waterfront living. He highlights the exceptional common area design by Carla Guilhem, a globally acclaimed designer handpicked by Artefacto. “Together, we have created a project that redefines luxury waterfront living in South Florida,” Moya states, emphasizing the transformative lifestyle and unique opportunities offered at Origin Residences.
The project is not just about elegant living spaces; it’s a holistic experience. The residences boast stunning waterfront views and access to a private marina with 10 boat slips. The development also features a range of top-tier amenities like a rooftop pool, summer kitchens, an Owner’s lounge, a kid’s playroom, a coworking space, and a state-of-the-art gym.
Each unit reflects Carla Guilhem’s exquisite design ethos, with floor-to-ceiling sliding glass doors, private balconies, fully equipped kitchens with high-end appliances, modern bathrooms, and ample storage space.
Complementing the project’s luxurious interiors are the architectural designs by Revuelta Architecture International, known for its sustainable and quality designs. The project’s interiors, curated by Carla Guilhem, are meticulously designed to match the dynamic lifestyles of its residents.
Origin Residences by Artefacto is not just another development; it’s a testament to visionary planning, exceptional design, and the ever-growing appeal of Miami’s waterfront luxury lifestyle. As it nears completion, it’s poised to leave an indelible mark on the Bay Harbor Islands and the broader South Florida region.
Construction Update for Bentley Residences Sunny Isles Beach
A major development in the Bentley Residences Sunny Isles Beach project has been achieved. The project has secured a critical agreement for connecting to the county’s water and sewer utilities, as recorded on December 11. This progress is a significant indicator of the project’s forward momentum.
Bentley Residences is set to offer 216 high-end residential units, promising a blend of luxury and exclusivity. An attractive feature for investors is the minimal utility connection charge of only $47,376, significantly reduced due to a credit for 180 former hotel rooms on the site. This reflects a smart cost-saving approach in the project’s development.
Spearheaded by acclaimed developer Gil Dezer, the project is gearing up for a groundbreaking event which would mark the commencement of construction. The anticipated completion date is set for 2026, offering a strategic investment timeline.
As of November, the project is already 40% pre-sold, indicating a robust market response and high investor confidence. The sale rate of four to six contracts per month, highlights the strong and consistent interest in the project.
Bentley Residences’ strategic Sunny Isles Beach location, coupled with luxurious features and a strong pre-sale performance, positions it as a potentially lucrative investment with a promising return.
The Rise of Mandarin Oriental Towers in Miami’s Exclusive Brickell Key
The Mandarin Oriental Towers project in Miami’s prestigious Brickell Key represents a significant investment opportunity. Currently in the advanced stages of permitting, with applications already submitted to Miami’s Building Department, this development is progressing rapidly towards construction, ahead of its planned condo sales launch in early 2024.
This ambitious project, exempted from UDRB review as confirmed earlier this year, comprises two distinct towers. The first tower is an architectural marvel, soaring to 65 stories and housing 228 luxurious condominium units. Standing at an impressive 826 feet, the construction of this tower involves a hard construction cost of approximately $237 million, inclusive of $663,600 in initial permitting fees.
The second tower offers a diverse mix of residential and hospitality options. It includes five levels of parking, eight levels of high-end lodging with 121 rooms, four levels of a condo-hotel featuring 28 units, and ten floors dedicated to 66 condominium units. This tower entails a hard construction cost of around $226 million, with $632,800 required for upfront permitting fees.
Moss & Associates, renowned for their construction expertise, are the appointed contractors for both towers. The project is spearheaded by Hong Kong-based Swire Properties, a name synonymous with high-quality developments. Kohn Pedersen Fox, a globally acclaimed architectural firm, is responsible for the design of these towers.
For investors seeking to capitalize on a premium real estate opportunity, the Mandarin Oriental Towers in Miami present a compelling proposition. With its strategic location, distinguished design, and robust development plan, this project is poised to redefine luxury living in Miami.
Rosewood Hotel and Residences Reveals $150 Million Penthouse in South Beach
Rosewood Residences, a 17-story luxury condo tower in the heart of Miami’s South Beach, designed by renowned architect Peter Marino. This project includes a record-setting penthouse, poised to be Miami Beach’s most valuable property, with a valuation exceeding $150 million. Scheduled for completion in 2026, this asset represents a rare opportunity in one of the world’s most desirable real estate markets.
The development, a fusion of high-end hotel, restaurant, and residential spaces, spans three acres on 18th Street and Collins Avenue, incorporating the historic Raleigh Hotel. Managed by the prestigious Rosewood Hotels & Resorts, this project is designed to redefine luxury living, offering unparalleled amenities and exclusive experiences.
At $10 million for a three-bedroom residence, with larger and more exclusive units available, the condominium promises substantial returns. The project’s pricing strategy aligns with luxury real estate trends in major cities like New York. The unique location and high-end offerings of this development present a compelling value proposition for discerning investors.
In 2019, developer Michael Shvo, in partnership with Deutsche Finance Group, acquired and envisioned a transformative project for the iconic Raleigh Hotel and adjacent properties. Shvo’s vision, endorsed by Miami Beach’s mayor, combines historic preservation with modern luxury, creating a unique investment proposition.
Peter Marino’s design emphasizes simplicity, elegance, and unobstructed ocean views, offering a refreshing contrast to typical Miami architecture. The building’s design is a testament to innovation, with units featuring high ceilings and premium materials, curated for an elite clientele.
Managed by Rosewood, the Residences promise a lifestyle of unrivaled luxury. Residents will enjoy hotel-style services, including the US outpost of the famed Milanese restaurant Langosteria. This holistic approach to luxury living makes the Rosewood Residences a standout investment in Miami’s property market.
Michael Shvo’s commitment to creating an unmatched product in Florida’s luxury real estate landscape is evident.
Crafting Elegance Above the Clouds-Unveiling the 56-Story Edition Residences in Edgewater
A significant opportunity has emerged in the real estate sector with the recent submission of a construction permit application for the Edition Residences in Edgewater, a project poised for remarkable returns. This 56-story development represents a strategic investment opportunity.
On December 5th, a comprehensive vertical construction permit application was finalized, following an earlier submission in May which had expired. The latest submission outlines a plan for 187 high-end residential units, coupled with a 13-level parking facility and 3,500 square feet of prime office space.
The project’s scale is impressive, with total new construction covering 1,206,774 square feet. The estimated hard construction cost stands at a substantial $215,750,000, indicating the project’s premium nature and potential for high-value returns.
Coastal Construction, a reputable firm, is on board as the contractor, ensuring quality and reliability in execution. The architectural design of this 649-foot glass tower is being spearheaded by the renowned Arquitectonica, promising a blend of luxury and innovative design.
Moreover, the project is advancing with separate applications already in process for a total demolition permit of an existing older condo building on the site, as well as a seawall permit, paving the way for this new landmark development.
This project presents an exceptional investment opportunity, combining luxury, innovation, and strategic location, making it an ideal addition to any high-yield real estate investment portfolio.
4241 Aurora Ushers in New Era of Upscale Living in Coral Gables
The recent approval of 4241 Aurora, a new project by Miami’s renowned real estate developers Constellation Group and The Boschetti Group, presents a unique investment opportunity. This Mediterranean-style mixed-use development, masterfully designed by the globally acclaimed Arquitectonica, is strategically positioned at 4241 Aurora Street in Coral Gables’ innovative Design and Innovation District. This development not only signifies a successful navigation through a stringent approval process but also introduces an upscale, mixed-use residential and commercial hub in the thriving heart of Merrick Park, Coral Gables’ prime shopping and entertainment zone.
Eduardo Otaola, Managing Principal of Constellation Group, emphasizes that 4241 Aurora is set to become a vital asset in Merrick Park, enhancing the district’s growing allure as a global destination with high-end amenities including premier restaurants, educational institutions, parks, and international business hubs.
Jose Boschetti from The Boschetti Group highlights the project’s commitment to creating a dynamic environment that fuses luxury living with substantial business and community growth opportunities. This development is poised to be a significant addition to Coral Gables, contributing to the city’s legacy of excellence.
4241 Aurora offers an enticing composition of eight floors of luxury residential condos, coupled with three levels dedicated to parking, retail, and office spaces. The development, standing at 137.5 feet, will feature a 5,000 square-foot park with verdant landscaping, public art, and ground-floor retail overlooking Merrick Park.
The residential segment provides a range of condominiums from two-bedroom units of 1,016 sq. ft. to larger three-bedroom residences with dens of 1,860 sq. ft. Exclusive amenities include a grand lobby, a rooftop lounge for residents, a state-of-the-art fitness center, a swimming pool, a pickleball court, commercial retail spaces, and outdoor dining areas with grilling stations.
Projected to break ground in the second quarter of 2024, 4241 Aurora is a prominent addition to Constellation Group’s portfolio in South Florida. The firm’s current projects include a luxury boutique office building in Merrick Park, Ella Miami Beach – a 10-story boutique condominium in North Beach, and SeaGlass Cove – a luxury private enclave of 14 oceanfront single-family homes in the Florida Keys. These developments represent substantial investment opportunities in some of South Florida’s most desirable locations.
Kushner Companies Unveils Plans for an Exclusive Luxury Development in Surfside Miami
Kushner Companies, a prominent New York-based investment firm, is poised to make a strategic expansion in the high-end real estate market with its latest acquisition: a 2.23-acre property in Surfside, purchased for $40 million.
The firm’s plan to develop a luxury housing complex at this prime location is an ambitious project. The proposed 140,637-square-foot apartment building, rising three stories above grade, will offer 87 high-end units. These units, ranging from 1,128 to 2,284 square feet, will provide a mix of one to three-bedroom floorplans, catering to a diverse range of upscale clients.
A key aspect of this development is the integration of a historic building into the modern design, adding a unique appeal to the property. The project will feature over 7,000 square feet of indoor amenities on the ground floor, a rooftop pool deck, and a bespoke 700-square-foot synagogue, enhancing its attractiveness to potential buyers.
Furthermore, the plan includes 194 underground parking spots, addressing a crucial need in the urban landscape. The architectural design, led by Jo Palma & Partners, promises a blend of luxury and functionality, with conceptual renderings showcasing a low-rise building with a swimming pool. The preservation of a 2,250-square-foot historic building, dating back to the 1940s, adds to the project’s exclusivity.
Located at 9300 Collins Avenue, Surfside, Florida, 33154, in Miami-Dade County, this project is not only in a sought-after location but also represents a turnaround story. Previously a distressed development under Eden Surfside LLC, with unfulfilled plans for a townhome and hotel development, Kushner Companies is now revitalizing the site, presenting a potentially high-return investment opportunity.
The Surfside’s Planning and Zoning Board’s upcoming consideration of the proposal on November 30 marks a critical juncture. This project offers a chance to invest in a property with a combination of luxury, historical significance, and strategic location, promising substantial returns in the upscale real estate market.
Capitalizing on Luxury: The Perigon Miami Beach Sets a New Standard in Oceanfront Living
The Perigon, a paradigm of luxury real estate, is set to redefine the Miami Beach skyline. This exclusive 17-story condominium, a strategic collaboration between Mast Capital and Starwood Capital Group, is situated at a prime location on 5333 Collins Avenue. The Perigon represents just that with its OMA-designed architecture and Tara Bernerd’s sophisticated interior aesthetics. Each of the 73 residences, spanning 2,100 to 6,700 square feet, promises unparalleled opulence and privacy, further enhanced by eight private guest suites reserved for owners.
The groundbreaking for this elite property is anticipated in early 2024, with Moss Construction at the helm of the development. The current demolition of the former La Costa condominium is proceeding with precision, indicative of the meticulous planning and execution befitting such a high-caliber project. This careful dismantling is a precursor to the construction of a complex that will not only be a residence but a statement of luxury.
The Perigon’s allure extends beyond its architecture. It offers exclusivity with resident-only amenities, such as a waterfront restaurant led by Michelin-starred Chef Shaun Hergatt, and a private beach club. The units boast 10-foot ceilings, wraparound terraces with sweeping ocean views, and custom Italian kitchens with Sub-Zero Wolf appliances, embodying the very definition of luxury living.
The Perigon is targeting LEED Gold certification, showcasing a commitment to environmental excellence. Set to be completed in 2026 with starting prices of $4.25 million.
The Perigon offers a compelling opportunity for investment in one of Miami Beach’s most luxurious upcoming developments.
Five Park Tops Off Construction
Terra’s President, David Martin, and GFO Investments’ Russell Galbut, proudly announce the topping-off of Five Park Miami Beach, the exclusive high-rise luxury condominium gracing South Beach this year. This architectural marvel stands as the new pinnacle of Miami Beach’s skyline, set to reach 519 feet upon its 2023 completion, and ushers in a novel era of opulent living.
With an elite address at the gateway to Miami Beach, Five Park presents an illustrious combination of a striking residential tower and the serene three-acre Canopy Park, complete with the artistically designed Canopy Bridge. It’s a landmark development that seamlessly integrates the prestigious South of Fifth district with the dynamic West Avenue corridor.
Jay Phillip Parker, head of Douglas Elliman Development Marketing in Florida, emphasizes that Five Park not only redefines the neighborhood’s standard but also embodies the exacting standards of Miami’s elite clientele. This development is a testament to Martin and Galbut’s intricate understanding of the upscale market, delivering a product that is unparalleled in the last decade in terms of quality and sophistication.
The tower, a 48-story monument of luxury, showcases 50,000 square feet of meticulously curated amenities, supported by a dedicated concierge service. Residents have exclusive access to The Park Club on the 6th floor, offering panoramic vistas of the city and bay, alongside a plethora of recreational and wellness facilities. The ground level’s Canopy Park serves as a verdant retreat, boasting a botanical garden and a variety of leisure spaces.
The project’s conception involved an assembly of world-renowned designers and architects, each contributing to the project’s majestic allure. The team’s collective expertise in aesthetics, functionality, and premium service is evident throughout the property, promising an unparalleled residential experience.
In early 2024, the anticipated Canopy Bridge, crafted by the eminent Daniel Buren, will begin construction, providing an exclusive pedestrian linkage that enhances the connectivity and accessibility of this distinguished community.
