Demo Begins on Site For Ytech’s Luxury Condo Project 1428 Brickell

Miami’s skyline is about to get a whole lot more luxurious as Ytech, the renowned real estate development firm, embarks on an ambitious journey to transform the heart of Brickell Avenue. With the recent demolition of the existing structure at 1428 Brickell Avenue, the first step towards creating the magnificent 71-story luxury high-rise condominium, The Residences at 1428 Brickell, has been taken. This project is poised to redefine Miami’s real estate landscape, and here’s everything you need to know about this exciting development.

Ytech’s acquisition of the vacant property in January 2017 signaled a commitment to delivering unparalleled design, craftsmanship, and innovation to the Miami real estate market. According to Yamal Yidios, CEO of Ytech, “When we acquired the property at 1428 Brickell Avenue, we did so with the firm intent of delivering a level of design, craftsmanship, and meaningful innovation never before seen in Miami.”

The Residences at 1428 Brickell will offer a limited collection of residences, ranging from $2 million to $7 million. These two- to four-bedroom plus den homes span from 1,800 to 4,000 square feet and feature stunning water views. With a true flow-through configuration to maximize natural light, many of these residences have a two-story layout, providing the feel of a single-family home in the sky. The crown jewel of the tower is the $60 million penthouse, featuring 30-foot ceilings, 7 bedrooms, 9 bathrooms, and two east-facing balconies with breathtaking views of Biscayne Bay. Lower penthouses, starting from $8 million, range from 4,000 to 10,000 square feet.

What sets The Residences at 1428 Brickell apart is its dedication to providing residents with a luxurious lifestyle. The tower boasts over 80,000 square feet of amenities spread across three levels at 860 feet above the ground. Some highlights include a state-of-the-art gym, indoor/outdoor yoga room, rooftop pool, wine and fine art lounge, private dining room with a Vaselli kitchen, spa, children’s recreation and learning center, and much more. Personalized services such as reception, valet, porter, and in-unit package delivery are also part of the package.

Ytech’s commitment to excellence is evident in every aspect of the project. For the demolition phase, they’ve brought in experts from high-density urban cores like New York City to ensure precision and quality. John Breistol, COO of Ytech, stated, “Our standards demand only the best, so for demolition, we’ve tapped experts within high-density urban cores such as New York City to oversee and advise on this process.”

The Residences at 1428 Brickell has generated significant anticipation, with sales success reflecting the confidence in Ytech and the project itself. Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, remarked, “Ytech is cementing their well-deserved reputation as the premier ultra-luxury developer in Brickell, and the quality and thoughtful design of The Residences at 1428 Brickell resonates with domestic and international buyers.”

The project’s ambition is also evident in its vertical reach. Recent filings with the Federal Aviation Administration (FAA) indicate the installation of two exceptionally tall construction cranes, reaching 1,001 feet above ground level or 1,010 feet above sea level. Upon completion, the 71-story condo tower, standing at 861 feet, will become one of Miami’s tallest buildings, scheduled for completion in 2027.

As Ytech’s dream of The Residences at 1428 Brickell takes shape, Miami’s skyline is set to be graced by an architectural masterpiece. With a commitment to luxury, innovation, and precision, this project promises to redefine the standards of upscale living in the heart of Brickell. Stay tuned for updates as this iconic development continues to rise towards the Miami skies.

Grove Central: A New Era of Mixed-Use, Transit-Oriented Development in Miami

Miami’s dynamic Coconut Grove neighborhood is witnessing a transformative era with the completion of Grove Central, a mixed-use multimodal complex. This innovative project by Terra and Grass River Property is now welcoming residents and shoppers alike, setting a new benchmark in urban living and commercial spaces.

Strategically situated at 2800 Southwest 27th Terrace, Grove Central isn’t just another building; it’s an ecosystem. The complex boasts a towering 23-story residential structure with 402 diverse units, including multifamily, workforce, and co-living spaces. Additionally, it features a new public parking garage with 1,250 spaces and a sprawling 170,000 square feet of retail space, truly embodying the essence of a community hub.

What sets Grove Central apart is its seamless integration with Miami’s transportation network. It’s directly connected to the Coconut Grove Metrorail Station and interweaves with The Underline linear park, Miami-Dade’s bus system, and Miami’s trolley network. This integration not only facilitates easy transit but also promotes a more sustainable lifestyle.

The retail component of Grove Central, anchored by big names like Target, Sprouts Farmers Market, Total Wine & More, and others, offers a comprehensive shopping experience. This commercial hub is set to become a go-to destination for both locals and visitors, offering everything from daily necessities to leisure and entertainment.

Under the leadership of Miami-Dade County Mayor Daniella Levine Cava, Grove Central is a shining example of successful public-private partnerships. This project not only generates substantial economic benefits, including job creation and revenue for the county, but also marks a significant stride in enhancing community living standards.

The residential tower at Grove Central, with its wide range of units from cozy studios to spacious five-bedroom units, promises an upscale living experience. Each apartment is a blend of style and functionality, featuring modern finishes, energy-efficient appliances, and breathtaking views of the surroundings.

Residents of Grove Central can indulge in an array of amenities. These include a resort-style rooftop pool, a fitness center, co-working spaces, and leisure facilities like a karaoke lounge, a golf simulator, and more. Each feature is thoughtfully designed to cater to the diverse needs of its inhabitants.

Grove Central is more than just an architectural marvel; it’s a testament to sustainable development. With Florida Green Building Certification, the project incorporates eco-friendly elements like water-resilient plantings and a system for rainwater reuse, aligning with Miami’s green initiatives.

As Grove Central opens its doors, it heralds a new chapter in Miami’s urban development. This project is not just about building spaces; it’s about creating a community that thrives on connectivity, sustainability, and modern living. With its strategic location, diverse offerings, and commitment to the environment, Grove Central is poised to be a beacon of urban development in Miami and beyond.

Luxury Redefined: St. Regis Residences Miami Unveils $45 Million Penthouse

The first of two upper penthouse residences at St. Regis Residences Miami, has recently been listed for a staggering $45 million. This duplex penthouse boasts over 10,000 square feet of sumptuous living space, augmented by a 2,842-square-foot indoor/outdoor private roof deck. The deck is nothing short of an oasis, featuring a pool, spa, and a summer kitchen, all set against the backdrop of Biscayne Bay and Brickell’s breathtaking views.

The visionary developers, Related Group and Integra Investments, have entrusted the architectural design to Robert A.M. Stern Architects (RAMSA) and the interiors to the acclaimed Rockwell Group. This collaboration promises an unparalleled standard in luxury living.

RAMSA, taking their first plunge into South Florida’s residential market, drew inspiration from the majestic ocean liners of the golden age, seamlessly blending it with the contemporary elegance of skyscrapers. The result is a 50-story tower that will house 152 condominium homes, ranging from two to six bedrooms. This includes the penthouses, sky villas, and two exclusive garden villas, each offering a unique living experience synonymous with the St. Regis brand’s historic five-star services.

Nick Pérez, President of Related’s Condominium Division, emphasizes the unparalleled exclusivity and service associated with the St. Regis name. He notes that the penthouse’s debut at the St. Regis Residences, Miami, is a landmark moment for both the development and the Brickell neighborhood, raising the bar for luxury living.

The penthouse units, occupying floors 48-50, feature five bedrooms and seven baths. Each level is graced with outdoor terraces, and the pièce de résistance is the dramatic private rooftop. The Rockwell Group’s interior design marries the grandeur of the Brickell and Astor families with Miami’s relaxed coastal ambiance, creating an extraordinary living environment. The primary bedroom suite is a study in opulence, with features like a midnight bar, dual bathrooms, split stone top vanities, oversized stone showers, and a freestanding bathtub.

Residents of these penthouses will enjoy an exclusive lifestyle with amenities like a private internal elevator, entry foyer on the penthouse levels, soaring 11’6” ceilings in living areas, and custom European stone flooring.

The St. Regis brand’s commitment to excellence extends to its amenities. Residents will have access to over 50,000 square feet of indoor and outdoor spaces, including a professional-grade fitness center, pilates and yoga studio, pickleball court, private marina, world-class spa and wellness center, and an indoor lap pool. The signature butler services enhance the living experience with offerings like deliveries to residences, house car, shoeshine service, and more. The building is nestled within park-like grounds designed by Enea Garden Design, providing a serene environment.

For dining, residents will have access to the iconic St. Regis Tea Room and a private fine-dining restaurant helmed by Michelin-starred chef Fabio Trabocchi. This adds a new dimension to the phrase “dining in,” promising an exceptional culinary experience.

The St. Regis Residences Miami, is not just a development; it’s a testament to luxury living, combining architectural brilliance, exquisite design, and the unparalleled service of the St. Regis brand. It’s where exclusivity meets the zenith of opulence.

$239 Million Construction Loan Secured for Vita at Grove Isle

Miami’s real estate market is witnessing the rise of a new luxury icon: Vita at Grove Isle. Spearheaded by the esteemed CMC Group, under the leadership of visionary developer Ugo Colombo, this project is shaping up to be a beacon of luxury and exclusivity. Recently, the project has reached a significant milestone, securing a substantial $239 million construction loan from Bank OZK. This financial infusion is set to propel the development of this much-anticipated luxury condominium project.

Nestled on the private island of Grove Isle, near the picturesque Coconut Grove, Vita at Grove Isle promises to be an oasis of sophistication and serenity. The project, which ceremoniously broke ground in April 2023, is rapidly taking shape, with its vertical construction progressing steadily towards a late 2025 completion.

Vita at Grove Isle stands out not only for its breathtaking location but also for its architectural magnificence. Planned as a seven-story building comprising 65 waterfront residences, each unit is designed to offer panoramic views of the bay, accentuated by high-quality finishes that speak volumes of luxury and comfort. Adding to this allure, over 70% of the residences have already been pre-sold, underscoring the development’s desirability.

The range of residential options is diverse, including three to four-plus-den-bedroom condominiums, and a dozen penthouses equipped with private rooftop pools. These residences redefine luxury living, with sizes going up to 6,600 square feet and prices starting at $5.7 million, scaling up to $19.5 million for the penthouses.

CMC Group’s partnership with Bank OZK is not just a financial collaboration but a testament to the project’s strong foundation and promising future. The development team includes renowned names such as global architecture firm CallisonRTKL, local S & E Architects, and Italian interior design maestros A++ Architecture. Together, they envision a three-building complex – Mare, Luce, and Sole – that seamlessly integrates boutique living with the island’s natural beauty.

The amenities at Vita at Grove Isle are a blend of comfort, luxury, and convenience. Residents can enjoy a private bayfront pool, a state-of-the-art fitness center, spa, and exclusive club facilities including a pool, bar, and sports courts. Additionally, the development will host a public gourmet restaurant and bar, alongside a private marina, ensuring a life of leisure and luxury.

Special attention is given to privacy and elegance in each residence, with features like private elevators, Italian-designed kitchens, elegant bathrooms, soundproofing, and smart home technology. The expansive waterfront terraces and private rooftop spaces in penthouses are crafted for outdoor living, offering breathtaking views and a sense of tranquility.

Located in a 20-acre gated community, Grove Isle is known for its peaceful environment and stunning views. It’s conveniently close to Miami’s prime shopping, elite schools, and entertainment hubs in Brickell, Miami Beach, and Coral Gables.

The securing of the construction loan, a strategic move facilitated by Bilzin Sumberg, marks a new phase for Vita at Grove Isle. Replacing a previous $38.5 million loan from Bank OZK in 2021, this funding underscores the project’s financial stability and bright future.

In conclusion, Vita at Grove Isle is not just a real estate development; it’s a lifestyle statement, set to redefine luxury living in Miami. With its unparalleled location, exquisite design, and world-class amenities, it’s poised to become one of the most coveted addresses in the city.

Rising High in Miami: FAA Greenlights 2900 Terrace, a New Architectural Landmark in Edgewater

The FAA has recently greenlit the construction of 2900 Terrace, a 38-story building in Miami’s Edgewater neighborhood. The permits, issued on January 2 and valid until July 2, 2025, signal an important phase in the project’s development. 2900 Terrace, a creation of Arquitectonica and spearheaded by LNDMRK Development and Oak Row Equities, can stand as tall as 390 feet or 399 feet above sea level. An FAA study confirmed the building meets obstruction standards and is safe for air travel.

Spanning over 629,000 square feet, 2900 Terrace will house 324 residential units, office space, commercial areas, and 515 parking slots. Its expected completion in 2026 will add to Miami’s dynamic cityscape.

This project is strategically positioned on 1.5 acres in Edgewater, close to various lifestyle and cultural hotspots in Miami. The development is set to offer a mix of one to three-bedroom residences and a host of amenities like a fitness center, pet spa, sauna, golf simulator, coworking spaces, and outdoor facilities including a pool and cabanas.

The architectural design incorporates a variety of materials like bronze and grey metal mesh, glass railings, tinted reflective glazing, charcoal window frames, grey stucco, and concrete. This selection aims to give the building a modern and practical exterior.

Alongside 2900 Terrace, Oak Row Equities and LNDMRK are also working on a 40-story building at 2600 Biscayne and the Wynwood Plaza, set to be completed in 2025.

1940 Bay Drive: A Vision of Modern Living in Miami Beach

Miami Beach is set to witness a transformative residential project at 1940 Bay Drive, thanks to the innovative vision of 1940 Apartments LLC. This Sunny Isles Beach-based entity, steered by Erwin Sredni, Jonatan Sredni, and Scott Albus, has put forth ambitious plans for a new architectural landmark in the Normandy Isle area.

The proposal outlines the construction of a 5-story multi-family residential building, replacing an existing 23-unit apartment complex. Designed by Revuelta Architecture International, with landscape architecture by Gardner + Semler, this 55-foot-tall structure promises to redefine the area’s skyline. The project will introduce 12 state-of-the-art condominium units, varying in size from 2,807 to 3,019 square feet, marking a significant upgrade in residential living.

Occupying approximately 35,400 square feet, the site currently features a building spanning 29,213 square feet. It is situated in the RM-1 Residential Multifamily Low-Intensity Zoning District, a prime location amidst a bustling residential enclave characterized by multi-unit condominiums and apartment buildings along Bay Drive.

The design team has focused on creating a modern, curvilinear structure that offers a softer edge to the neighborhood’s streetscape. Each unit boasts open-concept living areas, refined lines, and expansive windows to capture the stunning Miami Beach skyline. The exterior will feature smooth white stucco finishes, wood trim slats on balconies, aluminum garage cladding, and brise soleil, complemented by blue-green tinted laminate glass with light gray aluminum framing.

This project extends its aesthetic appeal with comprehensive landscaping plans, aiming to increase landscape coverage and introduce lush green elements. The design envisions a verdant atmosphere, integrating seamlessly with the building’s façade.

In alignment with Miami Beach’s need for effective parking solutions, the project reduces the number of residential units while incorporating on-site parking facilities. This approach is expected to alleviate parking scarcity, minimize traffic impact, and enhance the neighborhood’s quality of life.

Monika Entin from MHE LAW PA represents the developers in this initiative. The Design Review Board of Miami Beach is set to review the submitted plans today, potentially marking a significant step forward in the city’s residential landscape development.

1940 Bay Drive stands as a testament to the evolving architectural and lifestyle aspirations of Miami Beach. This project not only promises luxurious living spaces but also aims to harmoniously integrate with and enhance the surrounding community, heralding a new era of urban development in Miami Beach.

Coral Gables’ 4225 Ponce Development, a Class A+ Commercial and Retail Opportunity

Constellation Group, a distinguished commercial real estate investment and development firm based in Miami, in collaboration with The Boschetti Group, has successfully secured a substantial $33 million construction loan from Miami’s Banesco USA and Abanca. This funding is a strategic investment in the development of a Class A+ boutique office and retail complex at 4225 Ponce de Leon Boulevard, located in the heart of Coral Gables, South Florida’s City Beautiful and Merrick Park district. Renowned for its upscale shopping and entertainment, this area is a hub for economic growth and opportunity.

Eduardo Otaola, the Managing Principal at Constellation Group, highlighted the significance of this partnership and the potential of 4225 Ponce to introduce a unique, boutique-style Class A office environment to Coral Gables. This development is strategically positioned in a market that is currently experiencing limited supply, making it an attractive investment opportunity.

The project involves an eight-story building, spanning approximately 85,000 square feet between 4225 and 4311 Ponce de Leon. This venture is distinguished by its innovative design from the internationally acclaimed architectural firm, Arquitectonica. The luxury boutique-style Class A Office will feature 5,900 square feet of ground floor retail space, extensive parking facilities, 70,000 square feet of premium office space, and a rooftop food and beverage venue of 7,000 square feet, offering panoramic city views.

Amelia Rodriguez, Senior Vice President of Banesco USA, expressed optimism about the sustained economic growth in South Florida and the role of 4225 Ponce in enriching Coral Gables’ status as a prime business and cultural hub. This project aligns with Banesco USA’s vision of investing in innovative and dynamic projects, indicating a strong future for similar endeavors.

Monica Vasquez, General Manager at Abanca, emphasized the transformative nature of this collaboration, aimed at enhancing the urban, cultural, and economic landscape of Coral Gables. This development is a testament to Abanca’s commitment to supporting visionary and impactful projects.

Set to break ground in Q4 2023 and slated for completion in 2025, this project signifies a major revitalization initiative around Coral Gables’ Merrick Park district. It aims to elevate the business and consumer landscape of the area. Interior Architects, Inc. and Naturalificial will play crucial roles in designing the interior and landscape, ensuring a harmonious blend of nature and modernity.

Investors should note the project’s unique features, including four stories of Class A+ office space, a rooftop restaurant with city views, outdoor terraces, ground-floor retail spaces, and a 1,500-square-foot lounge. The addition of a covered pedestrian plaza and paseo with valet parking service is expected to enhance the appeal and functionality of the development, making it a lucrative investment opportunity in a thriving economic zone.

Urban Network Capital Group & Vertical Developments Launch Visions at Brickell Station

In a significant stride for the Miami real estate market, Urban Network Capital Group (UNCG), in collaboration with Vertical Developments, has proudly announced securing a substantial $24.5 million construction loan from Rok Lending. This financial boost is earmarked for the exciting Visions at Brickell Station project, a wellness-focused condo-hotel poised to redefine luxury living in Miami’s vibrant Brickell neighborhood, with a planned 2025 completion.

Nestled at 1136 SW 3rd Ave., this impressive eight-story development will feature 111 elegantly designed, move-in-ready units. With prices starting at $500,000, these units offer a variety of floor plans, ranging from cozy studios to spacious one-bedrooms, each no more than 539 square feet in size. What sets Visions at Brickell Station apart is its commitment to wellness, with each residence and amenity space meticulously designed to promote a balanced, healthy lifestyle.

Owning a condo-hotel unit at Visions at Brickell Station isn’t just about luxury living; it’s an investment in one of the fastest-growing metropolitan areas in the world. Owners enjoy the dual benefits of having an exclusive retreat in Miami and the potential for income generation. When not in use by the owner, who can stay up to 30 nights per year, these units will be professionally managed, ensuring a high-end resort experience for all guests.

Robert Thorne, CEO of UNCG, highlights wellness as the project’s cornerstone. The innovative design caters to buyers seeking both luxury and functionality in the heart of Miami. From circadian lighting to vitamin C shower filters, every aspect of the condo-hotel is crafted to enhance wellbeing.

The property boasts extensive wellness amenities, including a tranquil spa, cutting-edge gym, and a rooftop pool. Additionally, it offers a restaurant, bar, and corporate meeting space, ensuring every need is met within this $45 million project.

UNCG and Vertical Developments aren’t stopping at Brickell. They’re also developing Visions Resort & Spa in Orlando. This $170 million project, minutes from Disney World, promises an eco-friendly community with diverse residential options. It’s another example of how these companies blend luxury with sustainable living.

Urban Network Capital Group, led by experienced developer Robert Thorne, specializes in eco-friendly communities in Florida and Texas. Vertical Developments, a joint venture with a $2 billion portfolio, brings high-value real estate opportunities, combining innovative investment strategies with a deep understanding of market cycles.

For investors seeking opportunities in high-growth areas like Miami and Orlando, Visions at Brickell Station and Visions Resort & Spa represent not just luxurious living spaces but smart, forward-thinking investments in some of the most dynamic real estate markets today.

Strategic Utilities Deal for 600 Miami Worldcenter in the Park West Neighborhood

In a significant move underlining its market savvy and strategic planning, a collaboration has been formed between the developers of 600 Miami Worldcenter and Miami-Dade’s Water and Sewer Department. This partnership ensures the provision of utilities for this ambitious project, marking a critical step in its progress.

The 31-story tower, a centerpiece in the Miami Worldcenter development, has moved into the construction permitting phase. This development, handled by the renowned Beauchamp Construction Co., signifies a robust investment opportunity in one of Miami’s most vibrant and growing areas.

Highlights of 600 Miami Worldcenter:

• 615 Residential Units: High potential for sustained rental income or resale value in a thriving market.
• 4,500 Square Feet Full-Service Restaurant: Adds a valuable commercial component, attracting both residents and visitors.
• 6,000 Square Feet Fitness Center: Enhances lifestyle appeal, increasing the attractiveness for potential residents.

The project has already gained momentum with the Urban Development Review Board’s endorsement in July, indicating strong local support and a green light for the forward-moving design and construction phases.

David Arditi’s involvement, representing the developing entity, and the formal utilities agreement recorded on December 19, further solidify the project’s foundation. Aria Development and Merrimac Ventures, standing behind this venture, bring a wealth of experience and a track record of successful developments.

For more information and to discuss investment opportunities, contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.