Rosso Development and Standard International are Partnering to Bring a 228 Unit Condo Project to Midtown
In its very first partnership, Standard International along with Rosso Development are collaborating on a residential project that will bring a 12-story tower to the Midtown neighborhood of Miami, the Standard Midtown.
Sales are slated to begin on November 30. Arquitectonica and Urban Robot are collaborating on the project, which will be located on the southwest corner of Northeast First Avenue and Northeast 32nd Street across from a grocery store development that is currently under construction.
The Standard Midtown will feature 228 luxury condos ranging from 432 to 965 square feet of living space with studio to two-bedroom floor plan options. Prices will range from $329,000 to $829,000
Payment Structure:
Deposit 10% at reservation
Contract and Groundbreaking 20%
6 months after contract 10%
Top off 10%
Closing 50%
The units will feature cubby kitchens designed by Urban Robot, expansive terraces, and master baths with double showers. Unit owners will be able to rent their units for periods up to 30 days with exclusive benefits to friends and family.
Amenities:
35,000 square feet of amenities
10,000 square feet of retail space
Expansive lobby with lounge areas and a cafe
Rooftop restaurant
Bar
60-foot resort-style pool
Sweat room and fitness center
Indoor pickleball court
Yoga and stretch studios
Karaoke bar
Pet Spa
Party room
Carols Rosso, owner of Rosso Development has stated that this is his first major development since he left the Related Group. Rosso hinted at additional Standard-branded residential projects in the pipeline.
Standard International, currently operates 16 hotels in the United States and across the world and owns a waterfront hotel on the Venetian Islands in Miami Beach named the Standard Spa.
Construction is planned to begin next year and be finished by the middle of 2023. The site at 3100 Northeast First Avenue, as well as the air rights above the existing neighboring garage, are owned by Vadia’s Midtown Opportunities VIIIB LLC.
Notable Real Estate Developers Purchase the White House Inn Property in North Miami
Teddy Sagi and Jorge Pérez, Miami’s most notable real estate investors, have chosen their second South Florida property to invest in: the White House Inn at the gateway to North Miami. What once was a motel that opened its doors in 1969 later became a dilapidated building that saw many problems throughout the years, which later closed in 2014.
Along with BH Group, Pérez’s Related Group, and Sagi’s LabTech Investments Limited are teaming up to buy the waterfront property located at 2305 Northeast 123rd Street.
The 1-acre property is expected to be redeveloped into a luxury apartment complex that would cost around $85 million. Sagi and Pérez are expected to close on the $11 million sale next week.
The North Miami property was sold by a firm led by Mario Murgado, the owner of Murgado Automotive Group for $7.8 million in 2014. Murgado planned to demolish the White House Inn and replace it with a seven-story Ocean Cadillac dealership with a self-contained parking structure, top-floor showroom, and ground-floor restaurant.
Local residents were outspoken in their opposition to the dealership, fearing that it would bring a flood of traffic to the neighborhood. Later Murgado proposed an 11-story tower, Biscayne Harbour, that was approved by the city council but was never finished.
“One of those rare bayfront sites that’s gone underutilized for far too long,” and that the partnership plans to give North Miami “the entrance it deserves,” according to Pérez.
Not only is Pérez known for his work with the Related Group but he is a big player in the residential market as well. In July, he sold his Coconut Grovemansion for $33 million. Pérez also sold his Apogee Beach penthouse for $6 million.
Grab Your Mimosas-We are Going to Brunch
Major Food Group does it again with the opening of another restaurant in Coconut Grove and this time, it’s focused on brunch! The restaurant Sadelle’s, which will open mid-December is another New York restaurant that the group has decided to open an additional location in South Florida along with the Italian eatery, Carbone, and ZZ’s Sushi Bar in the Design District.
Sadelle’s will be located at 3321 Mary Street where the former Tigertail + Mary restaurant was located. The building just sold last month in a joint venture with the Terra Group and The Related Group to the developer, Mocca Construction for $5.5 million. That is one of the reasons Tigertail + Mary closed last month was due to this sale. The retail condo space on the main floor was also sold for $6 million to a Mexican Investment Group under the name 2811 SBD LLC.
The founders Mario Carbone, Jeff Zalaznick, and Rich Torrisi signed a 10-year lease for the space. The restaurant will include outdoor space.
According to Sadelle’s website, they are considered to “Serve the best bagels in New York City.” Miami will be the judge of that! Not only do they offer classic bagels, but they also offer chopped salads, sliced to order salmon and sturgeon.
HEALTHY EGG SANDWICH Egg whites, arugula, green chili
EGGS ANY STYLE Scrambled, fried or poached, served with potatoes and bagel
CAVIAR
SOFT SCRAMBLED EGG
LATKE ROYALE
TRADITIONAL CAVIAR SERVICE
SPECIALITIES
GRAPEFRUIT COCKTAIL
FRENCH TOAST
BLUEBERRY PANCAKES
CHEESE BLINTZES
GRILLED SALMON
TROUT MEUNIÈRE
BONE IN STRIP
SIDES
BREAKFAST POTATOES
BACON
SAUSAGE
AVOCADO
SADELLE’S COLESLAW
PICKLES
GLUTEN FREE BAGEL & CREAM CHEESE
BAGEL & CREAM CHEESE
TOASTChallah or Rye
Sadelle’s was also voted 23 Best Brunch Spots in New York City by Harper’s BAZAAR.
Governor Ron DeSantis Announces $25 Million Renovations on the Freedom Tower
In a landmark event, Governor of Florida, Ron DeSantis stood behind a podium with the words *Patria Y Vida, meaning ‘Homeland and Life,’ while announcing plans to restore the Freedom Tower with a $25 million renovation. During the announcement, Miami natives came out to support the people of Cuba. While crowds were demonstrating, DeSantis announced this new renovation project for the tower that means so much to Cuban Americans.
The Freedom Tower was originally built in 1925 for the headquarters and printing facility for The Miami News newspaper. In the ’60s, the Federal Government used the tower to process and document refugees during the Cuban Revolution. This building assisted with providing medical and dental services to all refugees.
In 1972, the Federal Government sold the building to a private buyer and just a few years later the building was listed on the National Register of Historic Places.
Since then, the building was converted into a memorial to honor the Cuban refugees that were once given sanctuary there. There is currently a contemporary art museum as well as offices for some of the Miami Dade College faculty.
Developer, Terra Group purchased the property in 2005, and then announced plans for a 62-story residential tower named Freedom Square. The tower was never built. While Miami-Dade College owns the Freedom Tower, the property behind it where Freedom Square was originally proposed, is now owned by developer, Chateau Group.
The $25 million renovations for the Freedom Tower would include; parking garage shoring, architecture restoration, a new security system, and waterproofing. While lawmakers have yet to approve the request, DeSantis plans to place the renovation expenses in the budget for 2022. Renovations could take anywhere from 2 to 3 years.
*Patria Y Vida is a slogan and song associated with the July 2021 Cuban protests.
Another Record Breaking Quarter for Miami Dade Real Estate with the Second-Highest Quarterly Home Sales in History
The Miami-Dade County real estate market is still on fire and we have the numbers to prove it. According to the Miami Association of Realtor’s, Miami-Dade County real estate has yet again broke another record for second-highest quarterly Home sales in 2021 quarter three. After last quarter’s record-breaking sales, this is of no surprise.
Sales, once again home sales have surged with a 35.5% increase compared to this time in 2020. Real estate sales are currently at 9,962 for this quarter with last year at 7,351. Single-family real estate transactions rose 2.2% (3,923 transactions) from last year with condo sales increasing by 72% (6,039 transactions).
Total home sales also jumped 40.2% from quarter 3 of 2020 at 9,962 transactions. It’s a large win for luxury condo sales with a sales increase of 199.1% with 643 transactions. Luxury single-family home sales increased at 67.3% for quarter three.
Median home prices have also increased for single-family home by 19% from $420,000 to $500,000 and condo median prices increased at 26.9% from $264,000 to $335,000.
Cash sales increased for Miami by 67.4% higher compared to the national figure. For closed sales, cash represented around 38.5% of those sales. This was a large increase compared to 2020 at 27.3%. For Miami condo sales, cash sales represented 47.1% and 25.1% for single family transactions.
Lack of inventory has been a continued barrier in the current market with single-family homes representing about 2.2 months of inventory and 4.3 months for condominiums. These numbers represent a strong seller’s market. Single-family home inventory decreased by 26.8% while condo inventory decreased by 43.1% compared to quarter two.
There are many variables to the continued increase in real estate sales. That includes low interest rates, restrictions lifted from traveling overseas, and lower pandemic restrictions in Florida have all aided in the surge of the real estate market.
Wynwood’s Hottest New Club Opens this Weekend-Mad Club
The newest luxury night club, Mad Club, brought to you by The Dirty Rabbit Group, will open their doors this weekend in Wynwood. Mad Club will one of the few night clubs in Wynwood that offer a luxury experience with bottle service.
The style of this new night club is like no other in Wynwood or Miami for that matter. As you enter, you’ll be greeted by a hostess in a white room with lined with crystal chandeliers, giraffe heads, and an expansive champagne bar.
Once out of the champagne bar, the hostess will lead you to your reserved area that resembles a large honeycomb. Upon looking out from your reserved area, the DJ booth looks exactly like a bee hive. There is nothing short of a bee and honey theme throughout the club.
“Become part of the honeycomb and see what the Queen has to surprise you every time” is what Mad Club’s website conveys and it does not disappoint.
Mad Club will feature two famous DJ’s, DJ Anastasia and DJ Walgee, and will spread out between Fridays and Saturdays. Those days are the only ones that Mad Club is currently open but depending on popularity, they may open additional days.
According to the owner, Andres San Martin, “It’s our mission to provide an experience that not only speaks to the lifestyle of Miami, by showcasing extravagant design and a vibe like no other.”
Not only will there be bottle service, there will also be complementary champagne. There will be a strict dress code for all. Reservations are required with general admission, hightop tables, and VIP tables.
Allure North Miami Tower Just Announced by Tate Capital
Plans for a mixed-use project in North Miami known as Allure North Miami has just been revealed. Tate Capital has brought forth plans for a conditional use permit to the city’s Planning Commission. The meeting was scheduled for November 2, 2021 and the current status of the conditional use permit has been released.
The site located at 1810 N.E. 146th Street features 2.11 acres. In an agreement with the city of North Miami, Tate Capital agreed to lease the property for 99 years at $100,000 annually. The developer has also requested a grant from the North Miami Community Redevelopment Agency for $15.2 million for infrastructure of Allure.
Jimmy Tate, a Tate Capital representative stated that they wanted something “unique and transformative” to showcase to residents that North Miami is the next city for urban development. Tate Capital wants to brand North Miami as a “new district” staring with Allure North Miami
Designed by Kobi Karp Architects, Allure will rise 20-stories and feature 360 apartments and 603 space parking garage. Around 8,429 square feet will be dedicated too retail with 36 apartments strictly for workforce housing.
Units will range from 608 to 1,411 square feet with studio to three bedroom floor plans. There will be around 30 studio apartments, 187-1 bedroom apartments, 132-2 bedroom apartments, and 11-3 bedroom apartments.
Amenities
Pool deck
Fitness center
Summer kitchen
Club room
Picnic areas
Package lockers
Elevated pedestrian bridge between tower and garage
If the project receives approval, the anticipated groundbreaking would take place in Spring of 2023 with a completion date of Winter 2024.
Miami’s First Vinyl Listening Bar-Dante’s HiFi
Wynwood welcomes Dante’s Hifi, the newest bar and listening lounge that will have you stepping into a different era. Think vinyl-covered walls, low lighting, and big leather couches that create a retro yet vintage vibe.
One of the cool things features of this bar is that it is similar to a speakeasy. With no front door, the entrance is in the back through a courtyard.
The intimate bar and lounge located at 519 NW 26th St., Miami was founded by Sven Vogtland, DJ Rich Medina, Alan Drummond, Jourdan Binder, and Arturo Nuñez. The inspiration behind the bar was from listening rooms in Japan. The group also wanted to offer a unique musical experience and not just another Miami nightclub. Medina wanted to bring “listening at a higher level” to Wynwood.
Vogtland being a massive vinyl collector states that “It’s a real cultural thing there, having a cocktail and enjoying vinyl. “That’s where Dante’s came from. I came home and told my business partner: ‘Miami is craving something a bit different.”
According to the owner’s Medina’s album collection is what’s playing at Dante’s HiFi and that around 40% of the records are still in the process of being moved from New York. One of the best things about the music is that there is a specific genre. According to one of the owners, “there’s room for everything.”
Starting the night off, the music is very laid back and chill. After hours, the music picks up and changes into more of a club-like vibe.
Dante’s can only hold around 50 people so reservations are not required by highly recommended with a $25 reservation fee that is applied to drinks.
Speaking of drinks, the cocktail menus are focused on highball that is made with Japanese whiskey and served in a great glass boot. There is also beer, wine, and other cocktails to choose from.
Membership options are also available.
Alaska Airlines Announces Daily Flights from Miami to Seattle
Coming in June 16, 2022, Alaska Airlines will begin daily transcontinental flights from Miami to Seattle. This will be Alaska Airlines’ 100th nonstop destination.
As of March, Miami has joined Oneworld Alliance. Oneworld Alliance was founded in 1999 as an airline alliance featuring 14 airlines that have flight patterns all over the world.
Alaska Airlines currently partners with American and maintains the Miami hub for the Latin America and Caribbean sectors, so it’s no surprise with the recent announcement.
According to the Alaska press release, “Think Seattle to Miami, then onward to locations such as Rio de Janeiro, Buenos Aires, or the U.S. Virgin Islands.”
American is currently the only carrier that flies from Seattle to Miami. The return of the Alaska Airlines flight will be the first time in a decade. The last time the company serviced the area was in 2012 around the same time the company cut operations to Florida.
The company will be using a 737-900 plane and will be the longest continental U.S. flight by distance. The flight itself will take 6 hours from west to east and 6 hours and 30 minutes from west to east.
The airline also services Fort-Lauderdale International Airport with expansions into Lost Angeles, Cleveland, San Francisco, and San Diego.
