Waldorf Astoria Residences Miami Sold the Largest Penthouse in the United States
The Waldorf Astoria Residences Miami’s 5-star luxury penthouse, which will grow to be the largest in the country and sit atop Miami’s first supertall tower, has been sold for an undisclosed sum. The tallest residential building south of Manhattan will be the five-story, 33,000+ square foot “Mansion in the Sky.”
For the future of real estate in Downtown Miami, the transaction represents a fortunate start. The unidentified client was looking for an upscale residence, and together with the development team, they created what will serve as the pinnacle of the buyer’s individual real estate portfolio as well as the Miami skyline.
Upon completion, this unique penthouse suspended 1,050 feet in the air, will occupy the top five floors of the skyscraper and provide unmatched vistas in every direction. The home will be just under 34,000 square feet in size and have 10 bedrooms, 11 and a half bathrooms, and ceiling heights of up to 25 feet.
A wall-street-style trading room, safe room, billiards area, private movie theater, screening room with two 90-inch theater screens, three wine cellars, full-scale bar, wellness center with cutting-edge equipment, massage rooms, infrared sauna, and a 20-car garage to house the owner’s extensive car collection are just a few of the extravagant amenities it will feature.
The sole usage of the tower’s private roof deck belongs to the mega-penthouse. Three cabanas, a huge pool, a swim-up tiki bar, an outdoor gym, and a multi-use court for racquetball, pickleball, and basketball are all located on the roof. Other features are currently being finished for the owner.
According to the Managing Partner of PMG, “This penthouse sale is an indicator of the strength and tenacity of the luxury real estate market in Miami, and just how special Waldorf Astoria is to buyers and brand enthusiasts. We are confident in the continued momentum at Waldorf Astoria Miami, and know the property will completely elevate the standard of luxury living as we know it.”
Construction on the Waldorf Astoria Residences Miami is expected to begin on October 27, 2022, and end in 2026.
In order to highlight Waldorf Astoria’s first foray into the Miami market, PMG, along with partners Greybrook, Mohari Hospitality, S2 Development, and the international hospitality business Hilton, set out to build a landmark beacon for the city of Miami. The goal is to offer an aesthetically spectacular structure with expertly built residences and unmatched amenities to Miami’s famous Biscayne Boulevard for residents and future hotel visitors to enjoy. The Waldorf Astoria Miami anticipates ushering in a new era for this magical city as the tallest residential structure south of New York and the first supertall tower in Florida.
The Waldorf Astoria Miami, which is situated at 300 Biscayne Boulevard, will have nine spiraling, offset glass cubes that are evenly placed and covered in what is sometimes described to as a “glass skin” to set it apart from other East Coast properties. In order to develop an iconic edifice in Downtown Miami that offers 360-degree views of Downtown Miami, Miami Beach, and the Atlantic Ocean, Sieger Suarez Architects and famous architect Carlos Ott collaborated.
Additionally, the developers collaborated with award-winning interior design company BAMO, which takes pride in designing enticing surroundings that flow, function, and inspire individuals to live and dream more completely. Along with guest rooms and suites inside the five-star hotel, the resort will have 360 private houses. 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.
We are One Week Away from Miami Art Week and Art Basel and Here is What You Need to Know
From November 29 to December 4, 2022, Miami becomes the epicenter of the art world, featuring more than 20 international art fairs, 1,200 galleries, hundreds of artists, and tens of thousands of art enthusiasts.
Art Basel Miami Beach at the Miami Beach Convention Center is the focal point of this yearly explosion of the arts. The ultimate international art market, Art Basel Miami Beach, offers art enthusiasts a vast selection of works, from installations by promising up-and-comers to masterpieces from the 20th century.
Here are some ideas for how to view as much of Miami Art Week 2022’s greatest exhibits as possible, despite the fact that it’s impossible to see everything.
Tuesday, November 29th
Start Art Week in Miami’s Design District, where artwork is pervasive. A large portion of it will come from Germane Barnes, a Miami-based architect, who was given the 2022 Miami Design District Annual Neighborhood Commission award. This will allow the installation of the architect’s idea, Rock | Roll, in the neighborhood’s public areas.
As part of Prizm 2022 Contemporary African Art Fair’s 10th Anniversary celebration, galleries and artists will be examining how the development of fine art practice around the world has been impacted by popular modes of artmaking that originated in global African contexts. The exhibition is at 4220 N. Miami Ave. from November 29 to December 11 from 10:00 AM to 6:00 PM.
Wednesday, November 30th
The most significant pieces of art from the 20th and 21st centuries will continue to be displayed at Art Miami, Miami’s oldest international and contemporary art fair, which is offered by a number of the most reputable galleries in the world. The 10th edition of its sibling fair, CONTEXT Art Miami, will give mid-career, developing, and cutting-edge artists from new and established galleries the ideal platform.
Over 215 galleries from 17 different countries will be represented by the combination of Art Miami and CONTEXT Art Miami at the One Miami Herald Plaza on Biscayne Bay from 11:00 AM to 7:00 PM.
Thursday, December 1
VIPs are permitted to tour Art Basel Miami Beach two days before the general public gets a first look on Thursday. In 2022, the fairest of fairs will mark 20 years since it first opened. Tickets to view the finery brought in by hundreds of top contemporary art galleries from across the world may be purchased here.
Be sure to pay attention to the Buffalo, New York-based Native American-owned K Art gallery’s booth, which features the work of three Indigenous contemporary artists, including the renowned Hock E Aye Vi Edgar Heap of Birds (Arapaho/Cheyenne) and the well-regarded up-and-coming Erin Ggaadimits Ivalu Gingrich (Inupiaq/Koyukon Athabaskan) and Robyn Tsin
El Espacio 23 in the Allapattah district features more works of Cuban art and culture. Over 100 artists from Cuba and the Cuban diaspora are represented in a new exhibition that draws on the collection of Jorge M. Pérez, a Cuban refugee himself.
Friday, December 2nd
Begin the day by visiting NADA (New Art Dealers Alliance) Miami 2022, which will feature 146 galleries, exhibition spaces, and nonprofit organizations from more than 40 locations around the world. The Ice Palace Studios’ doors open at 11:00 AM (1400 North Miami Ave.)
The Wynwood district, renowned for its many murals of street art, is one mile from the NADA fair. On December 2 and 3, Prime Video will host a massive immersive art activation based on the original series “Riches” at Soho Studios (2136 NW 1st Ave.; entrance on NW 22nd St.) in the heart of Wynwood. Through photography, sculpture, painting, music, video, and performance art, the exhibition showcases components from the show that best represent the freedom of expression and sense of identity in the Black diasporic experience.
Saturday, December 3rd
Didier William: Nou Kite Tout Sa Dèyè, the artist who grew up in North Miami, will present his first significant solo museum exhibition at the Museum of Contemporary Art North Miami. In this exhibition, William presents his first colossal sculpture in addition to more than 40 paintings and prints that all focus on the precariousness of black life in America, the desperate yearning for black joy, and the affirmation of black gay humanity.
By transforming ordinary objects into extravagant ones, Ral de Nieves’ vibrant, three-dimensional beaded sculptures honor his Mexican heritage as well as drag and dance culture. His artwork is on exhibit at the mile-away Nina Johnson Gallery (6315 NW 2nd Ave). Admission is free from 11:00 AM to 5:00 PM.
Sunday, December 4th
At SCOPE Miami Beach, which is situated on South Beach’s renowned Ocean Drive between 8th and 10th Avenues, keep going till the finish line (801 Ocean Drive, Miami Beach). With Charly Palmer’s “Infinite Black” series on display will be Black-owned Knowhere Art Gallery from Martha’s Vineyard, MA, one of more than 150 varied contemporary exhibitors. Palmer depicts contemporary events and African origin in each of her paintings.
For all event schedules and locations, click here.
501 First Residences Receives Construction Loan
Construction is moving forward at 501 First Residences with a new benchmark after developers receive a construction loan for $80.9 million.
This new 40-story tower with 448, will be developed by Aria Development Group and designed by Revuelta Architecture International, who also designed Wind and 900 Biscayne. 501 First Residences will be located at 501 Northeast 1st Avenue with views of downtown Miami and Biscayne Bay.
According to the Aria Development group, this particular development will be built to cater to the short-term rental market. The biggest perk is that there will be no rental restrictions. This means the resident can utilize any consumer platform (Vrbo, Expedia, Airbnb, etc.) to rent and each unit can be rented for 1 day or more.
The renderings reveal floor-to-ceiling windows and expansive balconies. The sleek structure is curved creating a horizontal and vertical grid-like design. The exact height of the development hasn’t been released but we can expect the 40-story high structure to be over 450 feet in height.
The loan of $80.924 million was arranged by Berkadia with the funding issued by Bank OZK with a floating 42-month interest-only loan.
On the property, demolition has already finished.
Although 501 First Residences is sold out, if you or someone you know has an interest in purchasing downtown Miami, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
First Look at Resident’s Only Members Club at Five Park
The newest luxury residential tower building in Miami Beach, Five Park by Terra and GFO Investment, has revealed plans for the first residents-only, fully-serviced social club inside a luxury apartment. A social amenity package centered on cultural activities, fitness, and fine dining is offered by The Canopy Club.
A specialized club-level concierge and extensive programming are characteristics of The Canopy Club. The Club enables residents to live, work, play, and entertain their guests in a range of venues suited to every mood, including white glove service, wellness, dynamic recreational areas, and the finest dining.
The Canopy Club’s Specialty Dining and Beverage Program, a seasonal dining experience designed by famous chefs and situated in the opulent jewel box bar and dining room, will be available to members only. The Club also features private training rooms, state-of-the-art wellness facilities, a branded spa, a personal trainer on staff, and breathtaking bay and ocean views.
Five Park introduces 50,000 square feet of indoor amenities and a three-acre park outside, creating a new standard for the Miami Beach lifestyle under the direction of a recognized team of visionaries. The 40,000 square feet of social spaces that make up the 26th-floor Canopy Club include a private dining room, a jewel box bar and lounge, living rooms, a library, a den, outdoor terraces, wellness, and workout sections.
Additionally, just a few blocks away at the Five Park private beach club, locals have access to their own section of the beach. The outdoor club, which is on South of Fifth, introduces a branded, exclusive area with lounge chairs, umbrellas, and food and beverage service.
According to the CEO of Terra Development, “Five Park’s Canopy Club represents a new standard of luxury and exclusivity in Miami Beach. We developed a selection of amenities that enhance quality of life, wellness, culture and connectivity. Five Park residents will make their homes within a building that embodies a complete living, breathing ecosystem, offering dynamic spaces and creative programming to their doorsteps.”
Immersive Global Summit is Coming to Miami from December 5th through the 7th
The world’s global IT community will come together to support immersive technologies at the Immerse Global Summit (IGS), which is scheduled to begin next month at the Fontainebleau Hotel in Miami Beach from December 5 to 7.
With a number of keynote speakers, seminars, product demos, and other activities, the event will highlight the future of virtual, augmented, and mixed reality, blockchain, the internet of things (IoT), and the Metaverse.
To address how metaverse technologies are altering businesses and their operations, companies including Amazon, AT&T, Meta Platforms, Magic Leap, Qualcomm, Sony Interactive Entertainment, Unity Technologies, Lenovo, General Motors (GM), and others will take the XR stage.
Along with burgeoning small and medium enterprises (SMEs) like AMPD, Aequilibrium, Rooom, Immersal, Leai Inc, Emteq Labs, Departure Lounge, and a growing roster at the renowned Summit, additional guests at the A-list event will include Boeing, Agora, and the University of Miami.
The announcement comes as interest in the Metaverse, the upcoming communications platform fusing the Internet and spatial computing, is surging. Businesses are investigating use cases across all industries, including entertainment, smart manufacturing, advertising, and remote guidance, among others.
Miami, a developing tech hub in the US, has witnessed a significant increase in its rankings in the Dice Tech Job Report for the growth of tech jobs in the first half of 2022.
The Immerse Global Summit (IGS) was “thrilled” that AT&T would give the keynote address at the gathering, according to Nathan Pettyjohn, the founder, and president of the VR/AR Association (VRARA) and the IGS’s host.
Business leaders from various industries should attend the event, said Kris Kolo, Global Executive Director of VRARA, to “understand how immersive technologies are impacting their business.”
The announcement was released after the IGS’s European Summit, which was held in late September at the Savoy Palace on Madeira Island in Portugal, came to a close. At Europe’s emerging tech hub, more than 500 delegates discussed the future of the XR market as several organizations, businesses, and thought leaders expressed their perspectives.
Miami-Dade County and Miami Heat Cuts Naming Rights Ties with Cryptocurrency Exchange FTX for Miami Arena
Miami-Dade County and the NBA’s Miami Heat have ended their partnership with the insolvent cryptocurrency exchange FTX and are now looking for a new naming rights partner for their downtown Miami arena.
The statement followed the FTX group’s CEO resignation and bankruptcy filing in the US earlier on Friday, which marked the shocking demise of one of the biggest and most influential figures in the cryptocurrency business.
Miami-Dade County and Miami Heat stated in a joint statement on Friday night that they will cooperate to find a new naming rights partner for the stadium, which was only rebranded as FTX Arena last year, and that they find the reports concerning FTX to be “very upsetting.”
Like other cryptocurrency businesses, FTX has spent a lot of money sponsoring athletes. For the renaming of the Miami arena in June 2021, FTX reportedly signed a $135 million, 19-year contract. This deal would have also included $2 million annually to the Miami Heat.
A five-year agreement was also reached in 2021 for Major League Baseball to designate FTX as its official cryptocurrency exchange. FTX is also the Mercedes-AMG Petronas Formula One Team’s authorized
With the University of California, Berkeley negotiating a $17.5 million, 10-year naming rights arrangement for the school’s football stadium in 2021, even college sports have connections to FTX.
MM Club Miami Now Accepting Reservations
MM CLUB, a private club accessible only to MM members and guests, is officially open for reservations. Located on the second floor beneath MILA Restaurant, the MM Club was curated by Michelin Star Chefs Michael Collantes and Michael Michaelidis with a concise menu and customized mixology inspired by the Mediterranean as well as Japan.
MM is intended to be the first lifestyle membership club to create a network of luxury restaurants, lounges, and other entertaining venues within the members-only access to the private area.
By giving its member’s priority access when visiting all locations, including out-of-state venues, MM reimagines how individuals navigate through dining experiences. Adding a whole new level of value to what member benefits stand for, MM is a symbol of class, refinement, and good taste. The annual cost for the membership is $5,000.
Gregory and Marine Daly, the restaurant’s creators who are French, own and run it on behalf of Rivera Dining Group. Mila “overnight became one of the top-grossing restaurants in South Florida,” according to Gregory Daly, despite having to close shortly after its opening in 2020 because of the COVID-19 epidemic. Since the restaurant’s opening, he calculates that more than 220,000 patrons have come through the door annually.
Take a Look Inside the Design District’s Newest Italian Restaurant with a Pink Flair – Sofia
With the opening of Sofia in Miami’s Design District, the team behind Miami favorites Byblos and Amal has continued to grow throughout South Florida. The chic, predominantly pink restaurant is a Toronto import that offers fine Italian cuisine.
In close proximity to the recently Michelin-recognized Itamae, Sofia debuts a menu of both contemporary and classic Italian meals that are produced with a refined technique and seasonal ingredients to honor the true flavors of Italy. A variety of antipasti will be available, including Crudo, grilled octopus, citrus salads, and ricotta-stuffed zucchini.
For entrées, Sofia serves traditional handmade pasta dishes like rigatoni alla vodka and cacio e pepe al tartufo. Among the standouts from the carne mains are wagyu filets, breaded veal, and prime striploin, among others. The pesce area also includes branzino, aragosta (butter-poached crab), and gamberetti (wild king prawn).
Sofia’s Italy-inspired cocktails stress execution and graceful presentation, and its wine list includes a variety of vintages and difficult-to-find Italian wines, which are garnished with locally grown herbs. The restaurant’s flamingo-pink, Italian-glam indoor-outdoor settings was created by award-winning group Studio Munge, and they will be brought to life every night with DJs and live performances.
Sofia hopes to become Palm Court’s newest signature restaurant, according to INK founder and CEO Charles Khabouth, despite the fact that the Design District is already home to a number of upscale eateries, including well-known Italian restaurants like MC Kitchen and Palat and Pharrell’s ultra-trendy pastel wonderland Swan.
The Sofia restaurant will be open every day of the week starting at 5 p.m. breakfast and lunch service will start soon following the supper service, which will start now.
Major Food Group Officially Opens Italian Restaurant in Miami’s Design District-Contessa
The upscale, well-known Italian concept Contessa has officially debuted in the Miami Design District thanks to Major Food Group, the renowned hospitality company that is responsible for bringing Carbone, Rao’s, and Dirty French Steakhouse to Miami.
Contessa is a classic yet utterly modern Italian restaurant created by MFG Co-Founders and creative powers Jeff Zalaznick, Mario Carbone, and Rich Torrisi. It is inspired by the old-world refinement of Northern Italy’s famed villas and estates.
Visitors at Contessa Miami can begin their dinner with one of the several antipasti starters, which include Proscuitto, Chianina beef carpaccio, and squash carpaccio. Of course, the menu features a number of sumptuous pasta dishes, such as the fiery lobster cappelli, the tortellini in broth, the rigatoni carbonara, the fusilli Genovese, and the rigatoni carbonara. Entree choices include grilled branzino, the traditional veal Milanese, and a 40-ounce dry-aged Fiorentina steak. The meal is finished with a variety of sweets such as gelato and cakes with pistachio, amaretto, and gianduja chocolate.
Contessa’s original location made its debut on the rooftop of The Newbury Boston last year, and it rapidly established a reputation as one of the most opulent and outstanding Italian restaurants in America.
It was hailed as the city’s “crème de la crème” of restaurants by the opulent publication Boston Common. Boston Magazine has also raved about the restaurant stating that it is one of the best Italian restaurants in the city.
Contessa Miami promises exquisite Northern Italian cuisine in addition to MFG’s renowned warm, charismatic, and polished hospitality, which is specially tailored to the city the company has called home since 2021. At that time, the company began a historic run of restaurant openings in the area, including ZZ’s Club in the Miami Design District and Sadelle’s in Coconut Grove.
Over 40 restaurants, pubs, hotels, and private clubs are now managed by the organization across the world. The company has numerous new openings scheduled for South Florida over the next six months, in addition to Contessa Miami and a variety of upcoming projects in the United States and internationally.
The restaurant is open for lunch and dinner and is housed in a two-story building in the renowned neighborhood at 111 NE 41st Street.
