Vita Residences at Grove Isle Tops Off Construction
Grove Isle, a tranquil and exclusive 20-acre private island just off Miami’s Coconut Grove neighborhood, is welcoming its first new residential development in decades. The CMC Group, led by renowned developer Ugo Colombo, has officially topped off construction of Vita Residences at Grove Isle, a highly anticipated 65-unit luxury condominium. This significant milestone is part of a grand vision to reshape the island’s residential landscape, with completion set for late 2025.
Vita Residences at Grove Isle is no ordinary development. Nestled within the serene waterfront setting, the seven-story building comprises three interconnected structures that form a cohesive, elegant design. Located at 5 Grove Isle Drive, the development offers an exclusive island lifestyle just minutes from the bustling Coconut Grove neighborhood, one of Miami’s most desirable residential enclaves.
Despite its ongoing construction, Vita Residences at Grove Isle has already secured strong interest, with nearly 80% of its units under contract. The majority of buyers are from the United States, demonstrating the continued demand for luxury living in Miami, especially in areas like Coconut Grove. The development’s allure lies not only in its luxurious amenities and design but also in its prime location, offering unobstructed views of Biscayne Bay.
Ugo Colombo, the visionary behind CMC Group, expressed his excitement about the project’s progress, saying, “Seeing Vita at Grove Isle take shape is a fulfillment of our vision for future residents and the future of Grove Isle itself. This development will offer an exclusive private-island lifestyle, combining the unparalleled water views and unique location with the comfort and luxury of homes, all within the convenience of a condo.”
The residences at Vita at Grove Isle are designed with high-end finishes and craftsmanship throughout, with three-, four-, and four-plus-den-bedroom layouts available. The crown jewels of the development are the 12 exclusive penthouses, each featuring a private rooftop pool. Prices start at around $6 million for standard units, with penthouses priced at approximately $19.5 million.
The Vita development brings not only luxury residences but also a range of island-wide upgrades. Significant improvements to the island’s roadways, signage, and guardhouse are planned. Residents will enjoy access to a variety of amenities, including a bayfront pool, fitness center, spa, and a private members-only club offering tennis and pickleball courts. Additionally, a public restaurant and marina will be integrated into the development, providing both residents and visitors with waterfront dining and leisure.
In early 2024, CMC Group secured $239 million in construction financing from Bank OZK, ensuring the smooth progress of the project. The design team includes renowned architecture firm CallisonRTKL, local architects S & E Architects, and world-class interior designers Carlo and Paolo Colombo of A++ Architecture, further highlighting the development’s commitment to quality and luxury.
Vita at Grove Isle is poised to become a standout addition to Miami’s high-end real estate market. Grove Isle has long been known for its exclusivity and stunning views, and this new development will enhance its reputation as one of Miami’s premier residential destinations. Minutes from the vibrant districts of Brickell, Miami Beach, and Coral Gables, Vita at Grove Isle offers the perfect blend of serene island living and easy access to Miami’s best dining, shopping, and entertainment.
CMC Group’s track record of excellence in luxury development continues with Vita at Grove Isle, joining the ranks of its previous projects like Bristol Tower, Santa Maria, and Brickell Flatiron. With the recent completion of Onda Residences in Bay Harbor Islands, CMC Group continues to push the boundaries of luxury living in Miami.
Solina Bay Harbor Reaches 50% Sold
Solina Bay Harbor is quickly becoming the epitome of luxury living, and the numbers speak for themselves—this exquisite development is now 50% sold! As one of the most anticipated waterfront communities, this milestone marks a significant achievement and a testament to the desirability and unique appeal of Solina Bay Harbor.
Located in one of the most picturesque settings, Solina Bay Harbor offers a rare blend of luxury and natural beauty. Nestled along the pristine coastline, this development provides residents with breathtaking ocean views, serene surroundings, and access to some of the most stunning beaches. Each residence is meticulously designed to offer the ultimate in comfort and sophistication, blending seamlessly with the natural environment.
The architectural design reflects a modern aesthetic while paying homage to the coastal charm that makes this location so special. Spacious, open-plan interiors, floor-to-ceiling windows, and expansive balconies ensure that residents can fully immerse themselves in the beauty that surrounds them.
With 50% of the properties now sold, it’s clear that Solina Bay Harbor is resonating with those seeking not just a home but a lifestyle. The development offers a range of world-class amenities, including a state-of-the-art fitness center, an infinity pool overlooking the ocean, private beach access, and a full-service marina.
For those who value convenience and exclusivity, Solina Bay Harbor provides both in abundance. The nearby town offers gourmet dining, boutique shopping, and vibrant cultural experiences, all within a short drive or boat ride. Whether you’re looking to unwind in your private sanctuary or explore the dynamic local scene, Solina Bay Harbor offers the best of both worlds.
One of the key factors driving sales at Solina Bay Harbor is the sense of community that is being cultivated here. The developers have gone to great lengths to ensure that residents feel connected not just to their environment but to each other. Regular social events, a private club, and communal spaces designed for interaction make it easy for residents to build lasting relationships with their neighbors.
This is more than just a place to live; it’s a community where residents can create memories, enjoy a sense of belonging, and indulge in the finest things life has to offer.
As Solina Bay Harbor continues to captivate discerning buyers, the opportunity to become part of this exceptional community is becoming more limited. With its unique blend of luxury, natural beauty, and community spirit, it’s no wonder that this development has reached the 50% sold milestone so quickly.
Dolce&Gabbana Tower: A New Icon Rising in Miami’s Brickell District
Plans for a new architectural marvel in Miami’s Brickell district have been submitted to Miami-Dade County planners, signaling the arrival of the Dolce&Gabbana Tower. This 81-story mixed-use skyscraper, designed by Studio Sofield with ODP as the architect of record, promises to be a striking addition to Miami’s ever-evolving skyline.
The Dolce&Gabbana Tower, located at 888 Brickell Avenue, is set to rise 1,049 feet, making it one of the tallest buildings in Miami. The skyscraper will house 259 luxury residential units and feature 102,805 square feet of commercial space. The commercial areas will include high-end retail shops, gourmet restaurants, a state-of-the-art spa, and a modern gym. The development, led by JDS Development Group, will also provide 273 parking spaces, reaching the maximum height permitted by the FAA in this part of Miami.
This ambitious project is strategically positioned on the north side of SE 10th Street, just west of Brickell Avenue/US-1, occupying a property that spans approximately 22,568 square feet (0.51 acres). Currently, the site is home to an office building constructed in 1972. The tower’s location offers unparalleled convenience, sitting just half a block from the Tenth Street Metromover Station, making public transportation readily accessible for residents and visitors alike.
Earlier this year, JDS Development Group secured the property for a staggering $61 million, a testament to the high stakes and significant investment involved in this development.
In exchange for project approval, the developer has committed to a substantial public benefit contribution. The Board of County Commissioners approved a Special Exception for a General Development Plan on June 20, 2024, which includes a one-time payment of $1.5 million from the developer. These funds are earmarked for critical infrastructure improvements in the area, including the installation of a new traffic signal at South Miami Avenue and SW 10th Street. Additionally, the funds will support repairs and upgrades to the Tenth Street Metromover Station and its surroundings. Planned enhancements include updates to mechanical systems, restrooms, painting, signage, accessibility features, streetscape improvements, and wayfinding support, all of which will significantly benefit the community.
The Dolce&Gabbana Tower is the result of a collaborative effort involving several key players in the industry. DeSimone is responsible for structural engineering, while MG Engineering handles MEP engineering. The renowned fashion house Dolce & Gabbana is contributing to the interior design, ensuring that the tower’s interiors are as luxurious as its exterior.
SLS is managing code/ADA compliance, while Kimley Horn takes charge of landscape, civil, and traffic engineering. Lerch Bates oversees vertical transportation, and Walker Parking serves as the parking consultant. Socotec Consulting is managing enclosure and waterproofing, Longman Lindsey is the acoustical engineer, and Aquadynamics Design Group is the pool consultant. Sustainability efforts are being led by Trifecta Construction Solutions, with MG Engineering also responsible for AV/LV security systems.
The Dolce&Gabbana Tower is poised to become a new landmark in Miami, blending luxury living with commercial dynamism in the heart of Brickell. With its strategic location, world-class amenities, and significant contributions to public infrastructure, the tower is set to enhance the city’s reputation as a global destination for luxury and innovation. As Miami continues to grow and evolve, developments like the Dolce&Gabbana Tower are paving the way for a vibrant and sustainable future.
Turnberry Completes Foundation Pour for ONE ParkTower at SoLé Mia
ONE Park Tower has recently reached a significant milestone in North Miami. The 33-story ultra-luxury condominium tower located within the expansive 184-acre master-planned community of SoLé Mia, has successfully completed the foundation pour, marking a critical step forward in bringing this iconic tower to life.
Situated at 2411 Laguna Circle, ONE Park Tower will feature 292 exclusive residences that overlook a breathtaking seven-acre Crystal Lagoon® and are surrounded by lush natural landscapes. This extraordinary development is designed by the acclaimed architectural firm Arquitectonica, with interiors crafted by the renowned Meyer Davis and landscaping by DS Boca.
The tower is strategically positioned to offer its residents panoramic views of some of Miami’s most stunning natural and urban landscapes. The residences boast vistas of the Crystal Lagoon®, Oleta River State Park, Biscayne Bay, the Atlantic Ocean, and the dynamic Miami skyline. Each unit is thoughtfully designed with one-, two-, and three-bedroom layouts, as well as penthouses that feature high ceilings, wrap-around terraces, and spacious master bedrooms with walk-in closets.
Upon completion, residents of ONE Park Tower will have access to an array of world-class amenities. These include the Laguna Solé, a swimmable lagoon that serves as the heart of the community, a lagoon-front beach club, two private swimming pools, private pickleball courts, and a state-of-the-art wellness center. Additional lifestyle features encompass a café, co-working facilities, event rooms, a golf simulator, a children’s playroom, and a pet spa, ensuring that every resident’s needs and desires are met.
The project has garnered strong interest, with 70% of the residences already pre-sold. Turnberry has secured $172 million in construction financing, underscoring the confidence in this landmark development. Juneau Construction Company is leading the construction efforts, with the completion anticipated in Summer 2026. For those looking to become part of this exclusive community, the remaining residences are being marketed by Fortune International Realty, with prices starting at $900,000.
Conceptual Plans Unveiled for a New Brickell Supertall Tower at 1201 Brickell Bay Drive in Miami
Miami’s skyline is on the cusp of a dramatic transformation with the unveiling of conceptual plans for a new supertall skyscraper at 1201 Brickell Bay Drive. This ambitious project promises to redefine the city’s architectural landscape and elevate Brickell to new heights, both literally and figuratively.
The new tower is proposed to soar 1,032 feet above sea level, making it one of the tallest structures in the region. Standing at 54 stories, the 1201 Brickell Bay Drive project is designed to be a cornerstone of Miami’s urban future.
The first phase of the development, known as the 1201 tower, will encompass a variety of high-end uses:
Office Space: The building will offer a staggering 1,293,373 square feet of office area, catering to the demands of modern businesses and setting a new standard for workspace luxury.
Hotel Accommodations: With 212 hotel rooms, the tower will include a suite of amenities such as a health spa, fitness club, ballroom, and conference and event spaces, aiming to attract both business travelers and tourists.
Parking Facilities: Approximately 50 below-grade executive parking spaces will be provided on-site, with additional parking available across the street to accommodate the needs of tenants and visitors.
The design of this landmark project is in the capable hands of renowned architecture firms. Foster + Partners is listed as the design architect, bringing their global reputation for innovative and sustainable design to Miami. AAI Architects will serve as the architect of record, ensuring that the design vision is faithfully executed. The landscape architecture will be overseen by Field Operations, known for their work on urban spaces that seamlessly blend with their surroundings.
The 1201 Brickell Bay Drive tower is just the beginning. Subsequent phases of the development will extend across the street to 1221 Brickell Avenue and 1250-1260 Brickell Bay Drive. These phases are expected to incorporate a mix of office space, food and beverage establishments, retail and personal services, residential units, and additional parking facilities. This comprehensive approach will create a dynamic and multi-functional urban environment.
The project is reportedly owned by Citadel, a global financial institution known for its significant investments in real estate. Their involvement underscores the scale and ambition of the project, signaling a major investment in Miami’s future.
The unveiling of the 1201 Brickell Bay Drive project marks a significant milestone in Miami’s architectural evolution. As the city continues to grow and attract global attention, this new supertall will not only add to the city’s impressive skyline but also enhance its status as a hub of commerce, luxury, and innovation.
Stay tuned as more details emerge and the project progresses from conceptual plans to a tangible reality. Miami is set to experience a new era of skyscraper sophistication, and 1201 Brickell Bay Drive will undoubtedly be at the forefront of this exciting transformation.
New Edgewater Tower Receives FAA Approval for 637-Foot Height
Edgewater, one of Miami’s most rapidly developing neighborhoods, is set to welcome a striking new addition to its skyline. The Federal Aviation Administration (FAA) has officially given the green light for the height of a new tower planned for the area. According to a determination letter dated August 19th, the FAA has approved the tower to rise to an impressive 637 feet above ground level, or 641 feet above sea level.
The letter was sent to Meridian TC Real Estate Group LLC, the company responsible for overseeing the project. The approved height paves the way for the construction of Edge House Miami, a luxury condominium building that will also allow for short-term rentals—a feature that is increasingly popular in the Miami real estate market.
Edge House Miami is set to be a 57-story architectural marvel, with a design crafted by the renowned architect Kobi Karp. Known for his innovative and contemporary designs, is expected to bring a modern aesthetic to Edge House Miami, further enhancing Edgewater’s reputation as a hub for luxury living.
The developer behind this ambitious project is Peru’s Grupo T&C, a company with a growing portfolio of high-end developments. Their decision to invest in Edgewater reflects the area’s burgeoning appeal, particularly among those seeking upscale residential options with flexible rental opportunities.
As Edge House Miami begins to take shape, it promises to be a significant landmark in Edgewater, contributing to the neighborhood’s evolving identity as one of Miami’s premier residential districts. The project’s approval by the FAA marks a crucial step forward, setting the stage for what will undoubtedly be one of Edgewater’s most anticipated developments.
Brickell’s Dolce&Gabbana Tower to Fund Transportation Upgrades
In a significant development for Miami’s Brickell neighborhood, the developer behind the highly anticipated 90-story Dolce&Gabbana supertall condo hotel has reached an agreement to fund crucial transit and transportation upgrades in the area. This agreement is a pivotal step in the ongoing review process as the project progresses under Miami-Dade’s Rapid Transit zoning plan.
The Dolce&Gabbana tower, a striking addition to the Miami skyline, is currently under scrutiny by Miami-Dade’s review process, which falls under the Rapid Transit zoning plan. This zoning plan is designed to ensure that new developments contribute to the public good, particularly in areas like transportation and transit infrastructure. The approval of developments within this zone is often contingent upon providing significant public benefits, which in this case, includes a substantial financial commitment from the developers.
On August 13th, a Declaration of Restrictions was officially recorded with Miami-Dade County, outlining the public benefits that will accompany the approval of the Dolce&Gabbana tower. One of the key components of this declaration is a commitment to a $1.5 million contribution from the developer. This one-time payment will be allocated to a series of much-needed upgrades and improvements in the Brickell area.
Traffic Signal Installation: A new traffic signal will be installed at the intersection of South Miami Avenue and SW 10 Street. This upgrade is expected to enhance safety and traffic flow in one of Brickell’s busiest areas.
Metromover Station Enhancements: The Tenth Street Metromover Station and its surrounding vicinity will receive repairs and upgrades. These improvements will include updates to mechanical systems, restrooms, painting, signage, accessibility features, streetscape improvements, and wayfinding support.
Additional Commitments: The $1.5 million contribution will be in addition to any permitting or impact fees that are already due to the County as part of the development process. However, if the County Director determines that any portion of the contribution is duplicative of impact fees, the developer may be eligible for an offset equivalent to the value of those fees.
The agreement was signed by Michael Stern, representing the developing entity. This commitment to improving the infrastructure around the Dolce&Gabbana tower underscores the developer’s dedication to enhancing the community and addressing the needs of Brickell’s growing population.
As the Dolce&Gabbana supertall condo hotel moves closer to realization, this agreement marks a significant milestone in ensuring that the development not only adds luxury and architectural grandeur to Miami’s skyline but also contributes meaningfully to the city’s infrastructure. The upcoming transit and transportation upgrades funded by the developer will play a vital role in supporting the continued growth and vibrancy of the Brickell neighborhood.
Okan Tower: A New Construction Icon in Downtown Miami’s Skyline
Construction continues to advance on Okan Tower, a 70-story mixed-use marvel taking shape at 555 North Miami Avenue in the heart of Downtown Miami. Designed by the esteemed Behar Font & Partners and developed by Okan Group, this 902-foot-tall, 914,124-square-foot skyscraper is set to redefine luxury living and working spaces in the city. Once completed, the tower will feature 399 luxurious residences, a 316-key hotel, 64,000 square feet of Class A office space, and a host of indoor and outdoor amenities, making it a true gem in Miami’s urban landscape.
The tower is being constructed on a 0.86-acre corner plot, strategically bordered by North Miami Avenue to the west and Northeast 6th Street to the north, ensuring it will be a standout feature in the downtown area. Witkin Hults + Partners, the landscape architect, is meticulously planning the surrounding green spaces to complement the building’s impressive architecture.
Jacob Companies, the project’s general contractor, has been actively sharing updates on the tower’s construction progress. Last week, they posted a series of photos on Instagram that provided a behind-the-scenes look at the ongoing activities at the site. The images captured various stages of the building process, from the installation of rebar to the formation of concrete slabs. The pouring of columns in the site’s northeast corner is visible, alongside significant progress on the south wall.
The construction team, including Okan Construction, Moore Group, Efco Forming, and US American Concrete, is making remarkable strides in the tower’s structural phase. As the year progresses, we can expect to see Okan Tower start to make a substantial impact on the Miami skyline.
Okan Tower’s residential offerings are divided between 163 condominium units on floors 51 through 70, tailored for private residences, and 236 condo-hotel units on floors 36 to 50. These condo-hotel units are designed for short-term rentals, offering all the services and amenities of a luxury hotel. The residential units vary in size, with studios starting at 447 square feet and expansive three-bedroom residences reaching up to 2,183 square feet, catering to a wide range of lifestyle needs.
The tower’s design and amenities are poised to attract those seeking an unparalleled living experience in Miami, combining luxury, convenience, and modern design in a prime downtown location.
As construction progresses, anticipation continues to build for the completion of Okan Tower. The project is expected to be finished by 2027, at which point it will stand as a new icon in Miami’s skyline, embodying the city’s vibrant spirit and relentless growth.
Loews Corporation Secures $305 Million Refinancing for Miami Beach Resort
Loews Corporation is poised to receive a $305 million refinancing package for its premier oceanfront Miami Beach resort. The financing, which backs the 5-acre, 790-key hotel located at 1601 Collins Avenue, is being originated by Wells Fargo, National Association, and JPMorgan Chase Bank, as reported by Fitch Ratings. The transaction is expected to close on September 10th.
The 10-year, fixed-rate, interest-only loan will serve to refinance the existing $300 million debt and cover approximately $5 million in closing costs. Despite multiple inquiries, a spokesperson for Loews has not provided any comments on the matter.
Loews, which is led by the billionaire Tisch family, has a long-standing history with the property, having acquired it in 1998. The resort encompasses two towers, including the historic St. Moritz building and a 17-story tower. The property boasts approximately 46,000 square feet of meeting space, six food and beverage outlets, retail spaces, a pool, and cabanas. Among its dining options is the renowned Rao’s restaurant, which has become a key attraction for guests.
Fitch Ratings has valued the property at just over $400 million, translating to about $507,000 per key. With a loan-to-value ratio of 74 percent, the new financing will strengthen the resort’s financial foundation while ensuring its continued operation as a luxury destination in Miami Beach.
This refinancing follows a similar move earlier this month by BDT & MSD, a merchant bank created through the merger of Trott’s BDT & Company and MSD Partners, the private investment arm of Dell Technologies founder Michael Dell. The firm secured a $1 billion refinancing for the Boca Raton Resort & Club, a 1,047-key luxury hotel located at 501 East Camino Real in Boca Raton. Citi Real Estate Funding provided the two-year, floating-rate interest-only loan for that transaction.
The Miami Beach resort refinancing marks yet another significant investment in South Florida’s luxury hotel market, reflecting the region’s robust real estate and hospitality sectors. As Loews continues to enhance its premier properties, the future looks bright for this iconic oceanfront destination.
