Ian Bruce Eichner Officially Launches Sales for La Baia Bay Harbor Islands

Sales for the second tower at Ian Bruce Eichner’s beachfront condo development La Baia Bay Harbor Islands North have officially started.

The North development will have floor plans with two, three, and four bedrooms that are between 1,400 square feet and 2,100 square feet in size. The most expensive units are priced at $3.5 million.

Sales for La Baia South began in October of last year. Eichner is best known as the creator of the two-tower Continuum in South Beach. According to the press release, the 68-unit, eight-story building at 9201 East Bay Harbor Drive had condos starting at $810,000 and sold out in less than six months. La Baia South’s construction began in April, and Eichner anticipates finishing the project in 2023.

La Baia will feature 30,000 square feet of amenities, which include a rooftop amenity deck, lounge with a bar, spa, fitness center, teen’s gaming center, dog grooming center, and marina. The marina itself will feature 20 private boat slips.

La Baia was designed by architect Luis Revuelta with Boston-based Suffolk Construction as the general contractor.

Residence Features

• 1 to 4-bedroom options
• 1,100 to 2,500 square feet
• Residences will be fully finished and furnished
• 9 to 10-foot ceilings
• His and her walk-in closets
• Balconies with glass railings
• Underground parking spots for each owner
• Custom Italian cabinetry by Snaidero
• Miele appliances
• Quartz stone countertops
• Hansgrohe fixtures
• Primary bathroom features marble flooring and rainfall showers

Tower Features

• Private 20-boat marina
• Scenic walkways
• 30,000 square feet of amenities
• Rooftop amenity deck
• Lounge with a bar
• Spa
• Fitness center
• Teen’s gaming center
• Pet grooming center

According to records, the developer purchased the land in 2021 for $12 million.

If you or someone you know have an interest in purchasing one of the units at La Baia Bay Harbor Islands North, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Groundbreaking Announced for Waldorf Astoria Residences Miami

The Waldorf Astoria Residences Miami, which will be the highest residential structure south of New York City, is scheduled to break ground on October 27th, 2022.

The groundbreaking for the 100-story collection of 9 glass boxes in downtown Miami, is the result of an alliance between the New York and Miami-based developer PMG, the Toronto-based private equity firm Greybrook Realty Partners, and the international hospitality giant Hilton.

The 1,049-foot tower will rise at 300 Biscayne Boulevard, which will be located across from Bayfront Park at the northwest intersection of Biscayne Boulevard and Northeast Third Street.

360 individual homes will be included on the site, along with 205 bedrooms and suites in the five-star hotel.

The building will also contain 1,321 square feet of commercial and retail space, as well as parking for up to 694 cars and 350 bicycles.

The third cube, which is located towards the base of the tower, rotates in response to the pool deck, while the second cube, which is placed further to the east, forms an outdoor dining area for an expensive restaurant. The first cube rotates upward at street level to welcome locals and guests while supporting the entire tower.

Peacock Alley, a specialty restaurant, indoor/outdoor pre-function and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.

Residences will feature the newest smart home technology with access to concierge services through a personalized mobile app. The app will have a comprehensive list of services, including the ability to make reservations for meals, 24-hour room service, spa and fitness services, house cars, access to valet service, package delivery, and dog walking.

Sales for the project began in March 2021 and sold 75% within the first 9 months. Now the project is sold out! The designer for the project is listed as BAMO.

The price of a residence begins at $1 million, and PMG Residential is in charge of sales and marketing.

Hilton Management Services will be in charge of running the Waldorf Astoria Residences Miami.

Demolition has already begun on the existing asphalt as well as field site borings being completed. Deep Soil Mix permit has been issued and work was started in July 2022.

The tower is expected to be finished in 2025.

If you or anyone you know has an interest in acquiring it, contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.

North Bay Village Approves 7.3 Million Square Foot Development Project Featuring 1,936 Residential Units

Sunbeam Properties, the proprietor of WSVN Channel 7, has a 7.3 million square foot redevelopment plan that has officially been approved by the North Bay Village Council. The special area plan for a 12.9-acre site covering 1400, 1401, 1415, 1600, and 1601 79th Street Causeway, as well as 155 and 1624 North Bay Causeway, was approved by the Village Council on a 3-2 vote early on Wednesday.

A 300-room hotel, 1,936 residential units, 200,000 square feet of office space, 670,000 square feet of retail space, 117 units of workforce housing, and around 5,000 parking spots are all included in the development plan. Additionally, there would be 84,366 square feet of public space, including a half-mile pedestrian walkway known as the “island walk” that would be surrounded by restaurants and stores. A marina would also be a part of the project.

The project’s highest structure would be 650 feet tall. To lessen the number of shadows cast upon the smaller dwellings, the structures closer to single-family homes would be smaller. Buildings north of the project would be taller and would rise 240 feet in height south of the causeway.

The offices and studios of WSVN will eventually be relocated as part of the construction. WSVN and Sunbeam Properties are owned by the multibillionaire Ansin family.

The project’s first phase, according to Ansin, would be built south of the causeway and will have 500 to 600 apartments spread across two buildings, along with a restaurant, grocery store, and other retail space that may house an urgent care facility or a daycare. Sunbeam Properties must apply for building permits for the first phase within two years in accordance with its development agreement with the village. The first renters, according to Ansin, should move in within five years.

As the Ansin family celebrates the 60th anniversary of running WSVN in North Bay Village, CEO Andy Ansin admitted that this was an emotionally charged decision for him. He has visited that studio ever since he was a youngster.

Although Ansin said the initial concept wasn’t for redevelopment, Sunbeam Properties over time purchased surrounding lands. According to Ansin, the first purchase was made to stop a strip club from being built next door. It bought a nearby office complex so the TV station would have more parking.

Ansin discovered North Bay Village had potential after having experts from the University of Miami School of Architecture do research on future renovation. However, it necessitated moving the TV studio.

Ansin stated that he is still looking for a new studio for WSVN. He emphasized that it would require plenty of parking, hurricane-resistant construction, and backup power generation.

PlusUrbana, a firm based in Miami, is the project’s architect. Attorney Ian DeMello, who is headquartered in Miami, is the developer’s representative.

New Renderings Released and Plans Updated for 888 Brickell Tower

For the new construction tower 888 Brickell, located in the heart of Brickell, JDS Development Group has submitted updated blueprints to the Miami-Dade County review committee.

The tower will still be built to a supertall height of precisely 1,049 feet or 82 stories, which is the highest height allowed in Brickell.

888 Brickell will still feature 259 luxury units but some of the changes include 52,144 square feet of fitness areas, 38,727 square feet of restaurant space, and over 250 parking spaces.

ODP is listed as the official architect, with Studio Sofield still named as the building’s designer.

JDS Development originally partnered with Major Food Group on the project but Major is no longer involved in the partnership. According to the announcement about the updated plans, JDS plans to reveal a potential new partner in the coming months.

New renderings have also been released and prices are expected to range from $1.6 to $11 million.

Related Group and Two Roads Propose New 24 Story Tower-The Residences of Bal Harbour

The Related Group and Two Roads Development are partnering to create a new condominium project in Bal Harbour, The Residences of Bal Harbour.

The developers paid $135.2 million for an existing 88-unit condo tower and land located at 10245 Collins Avenue.

The proposed tower is expected to rise 24 stories tall featuring 61 luxury residences and 160 parking spaces which will be located in the basement of the tower.

Residence Features:

• Waterviews from each residence
• Wraparound balconies of each residence
• 3 to 5 bedroom floor plan options
• 3,258 to 4,754 square feet
• High-impact floor-to-ceiling glass windows and sliding glass doors

Tower Features:

• Separate ground floor, state-of-the-art fitness center
• Ground-floor restaurant
• Rooftop pool
• Rooftop bar
• Groundfloor pool
• Private beach access

CFE is listed as the architect for the project with Skidmore, Owings & Merrill as the designer.

The Architectural Review Board is scheduled for October 6 to review an updated proposal for The Residences of Bal Harbour.

New Residential Project Proposed in Sunset Harbour

With proposals for a brand-new development in Sunset Harbour, developer Ronny Finvarb is appearing before the Miami Beach Design Review Board once more.

The board will decide on the plans for the developer’s mixed-use development at 1790 Alton Road in the Sunset Harbour area during its meeting this week. Finvarb had previously attempted to develop a hotel on the site, but the city commission last year unanimously approved a zoning overlay area that prohibited the development of new hotels. Instead, it promoted the creation of fresh office ventures or residential towers.

The new overlay district permits some residential units in office construction projects and raises the height limit for office buildings in the region bounded by 20th Street, Alton Road, Dade Boulevard, and Purdy Avenue from 50 feet to 65 feet. The district not only forbids the construction of new hotels, but it also necessitates a conditional use permit for all structures larger than 25,000 square feet.

The designs show a five-story structure with 12 residential units, a rooftop deck with a private pool and bar, and restaurant space on the first and second levels. Sobe 18 LLC is a subsidiary of the Bay Harbor Islands-based Finvarb Group.

Finvarb’s proposal to erect a 36-key hotel on the 0.2-acre land on Alton Road, which he paid $4 million for in April of last year, was opposed by several Sunset Harbour locals.

For their mixed-use project at 1685 Washington Avenue in Miami Beach, which will be anchored by the Thompson Hotel, Finvarb Group and Chahine Investment Group were able to raise $44.6 million in financing in May 2022.

The Landon Bay Harbor-Miami Beach, a 46-key hotel in the Bay Harbor Islands, was purchased by Finvarb Group last year for $10 million.

The Residence Inn by Marriott South Beach, the Courtyard by Marriott South Beach, and the Kimpton Hotel Palomar South Beach, all located close by at 1750 Alton Road, are also included in Finvarb’s portfolio of properties in Miami Beach.

Invite Only New Construction Luxury 50 Unit Condominium to Break Ground on Fisher Island Miami

The Related Group is making waves in South Florida with their newest condominium project on the exclusive Fisher Island. The invitation only condo tower would include 50 luxury residences with a select number of penthouses.

The wealthy have long made Fisher Island, which is located at the confluence of Biscayne Bay and the Atlantic Ocean and is a seven-minute ferry trip from Miami Beach.

Oprah, Julia Roberts, and Mel Brooks are all known to have lived on Fisher Island in the past. The enclave has also received some accolades: Bloomberg found in April 2018 that Fisher Island, with an average income of $2.5 million in 2015, was America’s wealthiest ZIP code.

According to Jon Paul Perez, Related’s President stated, “We are currently working with our sales teams to develop our list of VIPs. People can live their entire lives on the island and, as such, develop close relationships with neighbors and fellow residents. That’s the feeling we want to create at our job. We want our buyers to get to know one another, and forge close friendships that elevate this beyond just another one of their homes.”

The proposed condo site, which is the last developable parcel on the 216-acre island, was just purchased for $122.6 million by Related Group, billionaire tycoon Teddy Sagi, BH Group, and Wanxiang America RE Group.

When the unnamed property is finished, units will cost about $30 million, while penthouses will cost more than $60 million.

Project Details:

• 3 to 5 bedroom residences
• Membership to Fisher Island Club
  • Golf course
  • Tennis facilities
  • Marinas

The project’s architect is listed as Kobi Karl with interiors by Tara Bernerd and Partners.

Sales are expected to begin at the end of 2022 with construction anticipated in quarter 4 of 2023.

Robert Rivani’s Black Lion Buys Retail Space at One Thousand Museum

Los Angeles-based investor Robert Rivani’s Black Lion paid $6.4 million for the ground-floor 6,500 square foot retail space inside the One Thousand Museum in Downtown Miami.

This week, the all-cash deal was completed. Black Lion intends to lease the area to a reputable hospitality company, but talks have not yet started, according to a firm representative.

Rivani stated, “One Thousand Museum is one of the most iconic and architecturally significant buildings in all of Miami. I knew we had to have a piece of it.”

The most recent purchase represents the investor’s tenth in South Florida during the previous two years, which also included a number of prestigious retail buildings.

Black Lion paid $13.5 million for the ground-floor retail space of the SLS LUX Brickell condo project last year. This space is now occupied by the popular Gekko steakhouse, a Bad Bunny and Grutman collaboration.

Additionally, the real estate investor spent $11.5 million and $19 million for retail condos in Miami Beach’s South of Fifth district. The company also owns the space that the popular upscale restaurant The Amara at Paraiso leases in Edgewater.

The 84-unit condominium was finished in 2019 by the developers of One Thousand Museum, a partnership made up of Louis Birdman, Gilberto Bomeny, Kevin Venger, Gregg Covin, and Todd Michael Glaser. They also sold the retail space to Black Lion.

Electra America and BH Group are Partnering for a $1 Billion Renovation Project at Southland Mall in Cutler Bay

More than 4,000 units will be included in a $1 billion makeover plan for the Southland Mall in Cutler Bay, which was unveiled by Lake Park-based Electra America and Miami-based BH Group.

The 80-acre site will have mixed-use additions from Miami-based real estate company BH Group, its multifamily partner American Landmark in Tampa, and Electra. According to a press statement, they will contain a 150-key hotel, 60,000 square feet of medical office space, 150,000 square feet of retail out lots, and a public amphitheater.

The present mall building won’t be demolished, though, according to the developers. Instead, while the original mall is being rebuilt, the development would take place in the parking lot.

A new grand entry on U.S. 1, a pedestrian bridge to the brand-new BRT stop, trolley stops, and an amphitheater with a bandshell are all additional attractions.

The partnership purchased the indoor shopping center at 20505 South Dixie Highway in May for $100.3 million. Southplace City Center is the name of the new endeavor.

According to a press statement, Electra America, headed by managing partner Joe Lubeck, and its partners want to start construction on the first residential building in 2023, with a completion date of early 2025. Starting rent will be $2,500 per month.

MSA Architects is developing the master plan for Southplace City Center.

In the first five years, according to the project’s creator, 2,700 employment would be generated.

The redevelopment site is located in an Opportunity Zone, a region that has been set aside by the government with the goal of promoting growth and job creation in low-income areas. As a result, the partnership might draw in investors looking for tax advantages from project investment.