A second Soho House, called Miami Pool House, will be launched in Miami in the fall/winter of 2022 by the Membership Collective Group Inc.
The Membership Collective Group (MCG) is a vibrant, and international membership platform that links members through physical and digital places.
The Miami Pool House will be located at 105-107 NE 25th St. at an old printing press called Windward Publishing, which was most recently a private residence. It will house the new Miami facility near the border between Wynwood and Edgewater.
There will be a pool, lounge areas, a restaurant on the terrace, a club area, and a cottage bar in the House. As a result, there will be a laid-back, laptop-friendly workspace where people can hang out during the day and enjoy some entertainment in the evening.
Miami Pool House will emphasize the local Miami artist community through committed relationships, programming, and its art collection.
According to the Area General Manager, Philip Spee, “Soho Beach House has been a part of Miami for nearly 12 years since we opened in 2010, and we’ve loved to help connect a diverse, vibrant, and creative set of members and guests over that time. The team and I are delighted to bring another location to our local and visiting members that will provide a platform for them to come together and connect socially and professionally.”
Exclusively for members and their guests, Miami Pool House will be accessible. Miami Pool House is open to Local House members. Those who belong to a House, however, have access to every Soho House in the world.
Nick Jones established Soho House in 1995. It serves as a space for our varied members to interact, develop, enjoy themselves, and create an effect.
Today, there are members and houses all over the world, along with eateries, spas, offices, and movie theaters. A location where people can exchange ideas and build connections in both physical and virtual environments, Soho House is a platform that supports all forms of creativity.
There are currently 30 Soho Houses, 9 Soho Works, The Ned in London, Scorpios Beach Club in Mykonos, Soho Home, interiors and lifestyle retail brands, and digital outlets are all ways that members from all over the world interact with MCG. The larger portfolio of MCG also includes the LINE and Saguaro hotels in North America.
Casa Bella by B&B Italia Reaches 60% Sold
Casa Bella by B&B Italia located in Downtown Miami on Biscayne Boulevard has just reached 60% sold within the first 5 months of launching sales.
Casa Bella will feature 3 towers and 2 will rise 57 stories while 1 will rise 50. The first tower will feature 300 luxury units although 1,430 residential units have been approved for the site. The towers will have 1,629 parking spaces and will be connected by a podium.
The newest tower will feature 1 to 5-bedroom floor plans with only 6 units per floor. Interiors will be designed by Pierro Lissoni with landscape architecture by Enzo Ena. The double-height lobby will also be designed by Lissoni and will feature a mixture of sophistication and modern designs with a permanent collection of museum-quality art located throughout.
The location of this tower places residences near the Adrienne Arsht Center for the Performing Arts and the Miami International University of Art and Design. The Omni Station Bus Loop is also 1 block away.
With the reopening of borders and the lifting of the pandemic restrictions as of November 8, 2021, we will likely see an increase in international buyers, especially for the new construction towers. Currently, international buyers are representing around 50% of new construction developments while earlier in the year, they were only representing 20%.
Construction for the development is estimated for winter 2022 with an anticipated completion date of 2025. If you or someone you know have an interest in purchasing at Casa Bella, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
Inter Miami Receives Approval for Miami Freedom Park
David Beckham has finally won after a 9 year-long battle, for a land lease for a Major League Soccer stadium in Miami. On Thursday, Miami Commissioners voted a 4 to 1 lease for 73 acres of city-owned property that will house a massive development to host the Inter Miami soccer games. Beckham and partners (Jorge and Jose Mas) were awarded a 99-year lease to develop the new name, Miami Freedom Park.
The plan for the ‘park’ would convert the Melreese golf course into a soccer league stadium that could host 40,000 attendees, retail shops, parking with rooftop fields, a hotel, and a 58-acre park. The plans also include sharing the stadium with the University of Miami Hurricanes football team.
With the vote approval came some changes, which include the annual rent increase from $3.57 million to $4.3 million, with a 6% gross revenue if that figure is treated than rent. The construction fee was raised from $500,000 to $650,000 18 months after the lease was signed, with another $100,000 rise per year for four years and a $1 million penalty in the fifth year if the stadium was not completed.
The vote for this development has been delayed 4 times and there still needs additional approval for zoning changes before they receive the green light for the project, which will take place in quarter 4 of 2022.
Also in attendance was Miami Mayor, Francis Suarez, who seemed to thank the Miami commission after the deal. He strongly supported the project from day 1, “I have never been prouder to be a Miamian than I am today. No matter how difficult, how long, how frustrating, good days and bad days, I always knew that this would happen.”
Beginning May 3rd, Supercar Rooms Miami will be hosting the Miami GP Week, an action-packed week of everything cars celebrating the automotive industry and culture right before the Formula 1 big race. Located in the heart of Miami’s Wynwood at 2022 NW 1st Court, Supercar Rooms Miami is the world’s first member’s only art gallery dedicated to automotive visionaries and interactive experiences.
Elo, the British-born automobile genius, founded and established the company Supercar Rooms Miami. Elo began to amass his own car collection, a desire that developed from a childhood curiosity and admiration for motors. His collection developed to include a vehicle for every mood and occasion.
Elo has been a vehicle collector for over 30 years and is a true automotive aficionado. Presenting on DAVETV’s ‘Modern Wheels or Classic Steals,’ HISTORY UK’s ‘Ultimate Wheels,’ and MTV’s ‘Slips.’ Elo has established himself as a leader in the custom/classic automobile field.
Supercar Rooms Miami is home to one-of-a-kind masterpieces including the 1929 Rolls Royce Bootch, 1961 196 SP Ferrari antique racing car, 2007 Shelby Supercar Ultimate Aero TT vehicle number 1, 1958 450 S Maserati vintage racing car, and 1955 SL 300 Mercedes Gullwing, to mention a few.
Now that Formula 1 is coming to Miami, Supercar Rooms Miami is hosting Miami GP Week. Supercar Rooms Miami invites car aficionados to join them for an incredible week-long event filled with planned activations each day to commemorate the automotive culture that has a stronghold in South Florida.
In collaboration with headline sponsor, IWC Schaffhausen and Crypto sponsor Solana, E11EVEN Vodka, Exotics on Las Olas, and Sunreef Yachts, and
Supercar Room Miami’s Schedule:
May 3– Paddock Orientation Meal- An introduction dinner presented by Supercar Rooms Miami in which a special cuisine is developed and served as you network and enjoy the night among the car community. You will get all of the details and special events for GP Week.
May 4– IWC watchmaker private session- Enjoy lunch at an award-winning Michelin-starred restaurant in Miami’s Design District and be immersed in the world of IWC Schaffhausen. A private Watchmaking lesson will introduce you to the world of high-end Swiss accuracy and workmanship.
May 5- A parade of supercars will cruise down to the Florida Keys for a 60-mile journey. Enjoy a delicious summer lunch while being treated to an exclusive IWC reveal.
May 6– Checkered Flag- The official kick-off celebration for the Miami Grand Prix is preparation for one of Miami’s greatest races. Get ready for a night filled with supercars and the theme of the night is all-access, with special guests in attendance.
May 7– Formula One qualifying day at Hardrock Stadium-From 11:00 a.m. until 4:00 p.m.
May 7-The first-ever Fabio Lamborghini Lifestyle US Store on Lincoln Road celebrates its grand opening. The event will run from 2:00 to 4:00 p.m. This is a private, invitation-only event.
May 7-8– Fabio Lamborghini Miami GP Week Fanfest takes place on Lincoln Road in Miami Beach. 11:00 a.m. to 6:00 p.m. The fanfest is free and open to the public, and it commemorates Lamborghini’s F1 history, which dates back to 1991. Come view Lamborghini’s, both vintage and modern collections.
May 8– Holman Fanfest Experience: From 11 a.m. to 6 p.m., join the Holman family of dealerships next to their luxury flagship dealership in Sunrise, Broward for a day of food, family-friendly entertainment, and all the spectacular action from the racetrack.
May 8– Supercar Rooms on Race Day Miami has leased many suites at Hardrock Stadium, where its members will witness the inaugural Formula One race in Miami.
In addition, Supercar Rooms Miami will provide its members with Red Bull Beach grandstand access to the man-made beach as well as cabanas. This will be a fantastic experience since it will blend Formula 1 racing with a regular day on the beach in Miami.
Need an Airbnb in Miami for the Weekend? You Can Now Stay in Bad Bunny’s Semi Truck
Yes, you heard that right. You can now stay in the Puerto Rican reggaeton superstar’s truck. Starting March 29th at 1 pm EST, Bad Bunny will play host to guests who rent his converted 53 ft custom tour truck.
For three individual one-night stays, a fan will be able to book the truck for $91 a night (not including tax or Airbnb fees). The dates are scheduled for April 6th through the 8th and with the price comes a lot of perks!
Guests who end up booking the tour truck will also receive VIP tickets to Baby Bunny’s Miami Tour that is set for April 1st-3rd, access to the truck’s sound system, a photoshoot with the truck, and a tour to all of Bad Bunny’s favorite Miami spots. Although Bad Bunny won’t be there to host, there will be a virtual hello each guest can look forward to.
Bad Bunny, Benito Antonio Martínez Ocasio is his real name, is a Puerto Rican Rapper, record producer, singer, actor, and professional wrestler. His genres include reggaeton and Latin trap, but he is known for his versatility and his ability to incorporate soul, rock, and bachata into his music. Born in Vega Baja, Puerto Rico, Bad Bunny became famous through SoundCloud and ended up signing with a label in early 2016.
He is known for his collaborations with Cardi B, Drake, Dady Yankee, and J Balvin. In 2018, he was awarded a Latin Grammy for Best Urban Music Album. He also performed at the Super Bowl LIV halftime show alongside Shakira and Jennifer Lopez. More recently, he became the first Latin artist on the cover of Rolling Stone magazine.
According to Bad Bunny, “I’m hoping that by hosting guests in my truck I can give them a chance to feel like they’re on tour with me. This truck has played such a big role in the concept of my tour and my last album that I want to share this unique experience with them.”
The truck was designed by West Coast Customs and has made an appearance on stage during a few of his shows. The truck includes a pined bedroom with a neon bunny on the wall, a dining area, and a mini-fridge. And don’t worry about parking because the truck will be located in a private lot with 24-hour security during your stay.
Bad Bunny’s El Ultimo Tour Del Mundo in Miami is sold out but with this Airbnb opportunity, tickets are closer than you think! To reserve his tour truck or to get more information, click here.
Miami Real Estate Sales Soar for the 17th Consecutive Month
According to the Multiple Listing Service (MLS), Miami-Dade County real estate achieved its best-ever February sales month as existing condo transactions climbed by double digits for the 17th consecutive month, following the historic January 2022 and 2021 year sales.
Total house sales in Miami-Dade County increased 13.2% in February 2022, from 2,485 to 2,814. Due to low availability, Miami single-family home transactions fell 7.9%, from 1,093 to 1,007 units. Existing condo sales surged jumping up 29.8%, from 1,392 to 1,807, marking the 17th consecutive month of double-digit year-over-year condo gains.
Home sales were much higher in February 2022 compared to February 2020 with total house sales up 51.1% compared to February 2020, from 1,862 to 2,814. Miami single-family house sales are up 13.9% while condo purchases are up 84.8% from January 2020.
Miami luxury condo sales are up 45.4%, with mid-market transactions ranging from $400,000 to $600,000 on the rise. In addition, Miami’s existing condo luxury ($1 million and more) sales increased 45.4% year on year to 237 deals.
Miami single-family houses valued between $400K and $600K climbed 24.7 percent year over year in February 2022, with 389 sales. Miami’s existing condo sales in the $400K-$600K price range surged 101.8 percent year over year to 345 deals in February 2022.
Single-family home inventory fell 29.3 percent year on year in February 2022, from 3,128 active listings the previous year to 2,212 this month. Condominium inventory fell 55.1 percent year on year to 5,272 from 11,735 during the same time in 2021.
Months’ supply of inventory for single-family homes has been decreasing since July 2019, suggesting high demand. Months of inventory for single-family homes fell 39.3 percent to 1.7 months, indicating a seller’s market. Existing condominium inventory fell 74.5 percent to 2.6 months, indicating a seller’s market. A balanced market between buyers and sellers provides six to nine months of supply.
The total number of active listings at the end of February 2022 fell 49.6 percent year on year, from 14,863 to 7,484.
In February 2022, Miami-Dade County single-family median prices grew 19.1 percent year over year, rising from $450,000 to $536,000. The median price of a single-family home in Miami has climbed for 123 straight months (10.25 years), the longest unbroken stretch on record.
Year over year, the median price of existing condos grew by 26.7 percent, from $300,000 to $380,000. The median price of a condo has risen in 125 of the previous 129 months.
Mortgage rates have typically been low, making house purchases more accessible. The average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.76 percent in February, up from 3.45 percent in January, according to Freddie Mac. The overall commitment rate for 2021 was 2.96 percent.
Miami real estate is attracting several bids, with buyers willing to pay above the asking price. In February 2022, the median percent of the initial list price obtained for single-family houses was 98.7 percent, up 1.5 percent from 97.2 percent the previous year. For existing condominiums, the median percent of the original list price obtained was 97.8 percent, up 3.7 percent from 94.3 percent last year.
Miami cash sales accounted for 75.6 percent of all sales in February 2022, which is much higher than the national average. In February 2022, cash transactions accounted for 43.9 percent of Miami closed sales, up from 35.8 percent in February 2021. According to the most recent NAR figures, cash accounts for around 25% of all house sales in the United States.
Cash sales made up 53% of all existing condo sales in Miami and 27.5 percent of single-family purchases.
Official Plans Submitted for Riverside Wharf
In December 2021, it was announced that a Miami Developer along with Driftwood Capital announced plans the rebuild The Wharf alongside the Miami River. Now, those plans have officially been submitted to Miami’s Urban Development Review Board.
The plans for this project include a hotel and an entertainment complex with retail, food, and beverage. The cost for the project is estimated at $185 million. The plans submitted include 174 hotel units operated by Dream Hotels and 91,733 square feet of commercial space.
A 16,000-square-foot restaurant, a 12,000-square-foot event hall, a 30,000-square-foot nightclub/rooftop day club, and 600 feet of river frontage are all planned for the 200,000-square-foot project. Garcia’s Fish Market may also set up shop on the property as a pop-up market. Its commercial fishing activity used to be located on the property.
The zoning requirements for this type of proposal would include 417 parking spaces but the developers are requesting a 50% reduction in parking by the entertainment and hotel spaces sharing parking. Once approved, the parking spaces will be offsite.
A part of the proposed development includes public used land, which will require a special election. That election is currently scheduled for August 23 and it will involve a potential lease of the public property to the developer.
The 1.5-acre Miami River property at 114 Southwest North River Drive will be developed by MV Real Estate Holdings and its partner, Coral Gables-based Driftwood Capital. Nitin Motwani, the managing partner of Merrimac Ventures and the developer of the Miami Worldcenter, is also a general partner in the project, according to Mantecon.
The Miami Urban Development Review Board is scheduled to review the development proposal on March 16, 2022.
Miami Real Estate Sales Soar for the 16th Consecutive Month
According to the MIAMI Association of Realtors and the Multiple Listing Service, Miami-Dade County real estate extended its record run of house sales with its best-ever January sales month, as existing condo transactions climbed for the 16th consecutive month.
The record-breaking 2021 included the greatest annual total dollar volume, all-time year total house sales, most single-family home sales, most condo transactions, and the highest number of cash transactions. Now, 2022 brings its best January sales month in history.
Homes sales rose 19.6% in January from 2,211 to 2,645. Single-family home transactions increased from 968 to 1,008 transactions at about 4.1%. Condo sales saw a higher increase at 31.7% from 1,243 to 1,637 transactions. This marks the 16th month of double-digit condo gains.
Compared to last January, home sales are up 42.4% from 1,857 to 2,645 with single-family homes at 13.6% and condos at 68.8%
Luxury condo sales also surged at 69.9% compared to last January at 192 transactions. Single-family luxury homes rose 20.4% at 201 sales.
Median-priced Single-family homes between $400-$600k rose 31.3% to 386 transactions for January. Condo sales in that same price range rose 98% with 303 sales in January.
Inventory decreased for both single-family homes and condos. Single-family homes decreased by 9.1% while condos decreased by 3.6%.
Median family homes sale prices increased 10.8% in January. Single-family home prices rose for the 122 consecutive months while condo prices increased for 124 consecutive months.
Total dollar volume hit $2.1 billion in January with single-family home volume increased 16.7% while condo volume increased 56.2% for January.
The sales percentage of Miami out preforms the Nation while in state, single-family home sales increased 1.4% in January 2022. Condo sales increased 6.7% in January 2020.
Single-family median sales percentages reached 98.1% for January 2022. The median sales percentage for condos increased by 3.2% compared to last year’s median sales percentage.
Cash sales in Miami make up 40.1% of real estate transactions, which is 48.5% more than the national average for January 2022. Cash sales made up of 49.4% of condo transactions while 25% of the single-family transactions were in cash.
According to the Miami Chairman of the Board, Fernando Arencibia Jr. stated, “The demand for Miami real estate has never been higher from both domestic and global homebuyers. Major U.S. companies opening HQs in Miami, surging domestic and global migration to South Florida, a larger percentage of Florida residents in their prime home-buying years, the expansion of remote work, low mortgage rates, Florida’s low taxes, relaxed Covid restrictions, South Florida’s healthy lifestyle and more have each played roles in Miami’s booming sales.”
Most Romantic and Unique Miami Restaurants to Book this Valentines Day
With Valentine’s Day falling on a Monday this year, you’re probably trying to decide what day to celebrate this year’s romantic occasion. While we can’t help you choose the day, we can help with dinner!
This year we have compiled some of the most unique and romantic restaurants that we love and that we think you’ll love too.
Sexy Fish
Sexy Fish’s menu is a work of art, featuring classics influenced by Asia and Japan. Bjoern Weissgerber, the Chef Director, has produced delectable dishes such as Duck Salad, Smoked Tuna Belly, Black Cod, King Crab, Bone Marrow, and crispy Eringi Mushroom. Don’t miss the Sexy Gold Fish or Crispy Caviar with gold-flake sea bass marinade. There is also a large wine and champagne selection, as well as unique cocktails such as Chocolate and Wine, Yuzu, and Elderflower.
Sexy Fish, designed by SeaVisions, exudes an aquatic ambiance with a big-lit fish tank that spans the wall of the private dining room and serves as the restaurant’s focus. Throughout, you’ll find stunning artwork by Damien Hirst as well as 26 bespoke fish lights designed by Frank Gehry. Click here to make reservations or browse the menu.
ZZ’s Sushi Bar
ZZ’s Sushi Bar menu includes classic tuna and salmon selections, as well as unique salads and Wagyu meat. ZZ’s also has the greatest assortment of Wagyu beef in the country. Don’t miss out on one of their most well-known specialty dishes, the Caviar Temaki.
The first level is bursting at the seams with bentwood banquettes, sculptural, handpainted finishes, and animal print rugs. Every surface is adorned with antique furniture and brass lights. The terrace is dubbed a “tiki bar on acid,” with wicker furniture and banana prints complementing the futuristic building.
Although ZZ’s is advertised as a member-only restaurant, there is an optional invite-only membership available, so as long as you can secure a reservation, you may enjoy all of the amenities that a member does! Click here to make reservations or browse the menu.
Carbone
Carbone has become a South Beach neighborhood mainstay in such a short time, thanks to its exceptional food, retro-style French décor, and landmark location. Raw-bar platters with stone crab claws, crab knuckle sandwiches, spicy rigatoni, or veal parmigiana are some of our favorite menu items.
The sumptuous Ken Fulk design, as well as the Captains dressed in Zac Posen tuxedos, guide clients through menu selections, and salads are produced tableside for the entire Carbone experience. The atmosphere continues with intimate tables, low lighting, and classic French and Italian music playing. Did we forget to say it’s Michelin-stared? To make a reservation or to browse the menu, click here.
Elcielo
Located in Brickell, Elcielo features modern yet classic Colombian dishes. Chef Juan Manual Barrientos uses an avant-garde approach to cooking the signature Latin dishes. Barrientos utilizes small and medium plates that feature avocado tempura, Colombian Arepas, Tuna Tartare, and Yuca Gnocchi.
The delectable food is served with breathtaking river views and stylish décor enhanced with flora, leather, and wood. Private dining experiences for couples or groups are provided in VIP lounges. The Experience menu will have more than 22 moments.
The Waterfront Terrace is great for special occasions and gatherings. Enjoy our a la carte food and beverages while listening to upbeat music, surrounded by palm trees and flora, the breeze, and river views. Check out the menu or make a reservation here.
Cote Miami
Executive Chef David Shim, a native of Seoul, South Korea, is responsible for the one-of-a-kind masterpieces at Cote Miami. Shim acquired expertise and recognition in New York City at Gramercy Tavern, Veritas, and L’Atelier de Jol Robuchon. Chef Shim’s specialty dishes include 45-day USDA dry-aged beef, delectable side dishes, stunning slices of Korean beef, and a Steak OmakaseTM experience. Other menu items include East/West Coast Oysters, Maine Lobster, caviar service, steak tartare, and Korean bacon.
COTE Miami has a 100-seat dining room with interactive smokeless state-of-the-art tabletop grills at each dining table, a dry-aging room, and two private dining rooms. The setting is intimate and pleasant, and the meals are incredibly innovative and awe-inspiring! Click here for their full menu or to make reservations.
