Mariners Bay Condo Set to Transform into a 20 Story Development
The Mariners Bay Condo, a familiar name for those who know the area, is set for a transformative makeover. Imagine a stunning 20-story building rising majestically, offering 267 units of luxurious living space. This unnamed development isn’t just a condo; it’s a lifestyle upgrade waiting to happen.
The proposed project will include 12 townhomes and a range of condos from one to three bedrooms. Development amenities include a fifth-floor swimming pool, a state-of-the-art fitness center, spa, children’s playroom and media room. The project also calls for 433 parking spaces.
Set to be located at 12000 N. Bayshore Drive, North Miami, Florida, 33181, this development promises an ideal balance of serene residential living and convenient access to Miami’s vibrant life. It’s a short drive from the beautiful Oleta State Park and just east of I-95.
Plans include revamping the 20-slip marina, adding yet another luxurious touch to this already promising development.
While the project awaits approval, it’s exciting to think about the potential transformation of the Mariners Bay Condo, a structure from the 1980s in need of significant repairs, into a modern haven.
3900 Alton Road Development Tops Off Construction
Mast Capital, together with its partner Rockpoint, has recently celebrated a significant achievement in their construction project at 3900 Alton Road. This new nine-story building in Miami Beach, a creation of renowned Arquitectonica with landscape design by Within Hults + Partners, introduces 178 upscale units to the market.
The project, managed by Kaufman Lynn Construction as the general contractor, was recently highlighted in a LinkedIn video marking its topping-off ceremony. JGR Construction, Inc. and US American Concrete are handling key structural and concrete aspects of the construction, with Coastal Metal and AKO Plumbing Corp contributing to the metalwork and plumbing, respectively. Additionally, two tower cranes from Morrow Equipment and formwork solutions from Doka USA are in place, while NV5, Inc. oversees construction materials testing.
Funded by a $64 million loan from PNC Bank in November 2022, the groundbreaking of this Miami Beach residential project set the stage for its anticipated completion. The first units are expected to be available by Fall 2024, in line with Mast Capital and Rockpoint’s aim to offer high-quality living spaces in a sought-after South Florida neighborhood.
Camilo Miguel Jr., CEO of Mast Capital, expressed his enthusiasm about the project, emphasizing its unique position in the Miami Beach real estate market, known for its limited availability of developable land. Unlike most new developments in the area that focus on properties for sale, this project targets the growing demand for luxury rental housing.
The building’s design features a blend of luxury and functionality, offering studio to three-bedroom apartments with high-end finishes like Italian cabinetry, porcelain flooring, and spacious balconies. The development also boasts amenities such as an elevated pool deck with bay views, BBQ and outdoor gaming areas, fitness and yoga studios, a resident lounge, co-working spaces, and a pet washing station.
Dan Domb, Managing Member at Rockpoint, also highlighted the importance of this development. He noted the strong demand for premium rentals in Miami Beach and the partnership’s strategy to invest in multifamily residences in the high-demand, limited-supply South Florida housing market.
Mast Capital’s significant role in Florida’s real estate scene is underscored by its diverse portfolio, which includes various residential and commercial properties across the region. The firm’s ambitious growth strategy involves acquisitions totaling over $3.5 billion in project capitalization and developing more than 4,000 residential units in South Florida’s Fort Myers and Tampa metro areas.
Origin Residences Reaches 70% Sold
In the heart of Bay Harbor Islands, a new landmark development is rapidly emerging as a beacon of luxury and exclusivity. The Origin Residences by Artefacto, launched only six months ago, has already achieved a remarkable sales milestone, with 70% of its units sold. This impressive feat positions it as one of the fastest-selling residential buildings in the area, underscoring the enduring allure of Miami’s waterfront lifestyle.
Origin Residences is the brainchild of a unique collaboration between Chile-based VDA | Origin Miami and the internationally renowned home furnishings brand Artefacto, headed by Paulo Bacchi. VDA, led by the visionary duo Mauricio Moya and Sergio Guzmán, is a prominent development company in Chile, bringing its expertise to this ambitious project.
The development promises to elevate Miami’s Bay Harbor Islands with 27 custom finished and furnished condominiums. These luxury boutique residences range from two-to-four bedrooms, with sizes spanning from 1,300 to 2,330 square feet. Starting prices were pegged at an impressive $1.390 million, a testament to the project’s premium offerings.
Interestingly, a significant proportion of the buyers are Brazilians, reflecting South Florida’s increasing appeal to Brazilian investors. The Miami Association of Realtors highlights Brazil as the third top international homebuyer market in 2023, further emphasizing this trend.
Mauricio Moya, VDA Miami’s lead developer, attributes these remarkable milestones to the insatiable demand for authentic Miami waterfront living. He highlights the exceptional common area design by Carla Guilhem, a globally acclaimed designer handpicked by Artefacto. “Together, we have created a project that redefines luxury waterfront living in South Florida,” Moya states, emphasizing the transformative lifestyle and unique opportunities offered at Origin Residences.
The project is not just about elegant living spaces; it’s a holistic experience. The residences boast stunning waterfront views and access to a private marina with 10 boat slips. The development also features a range of top-tier amenities like a rooftop pool, summer kitchens, an Owner’s lounge, a kid’s playroom, a coworking space, and a state-of-the-art gym.
Each unit reflects Carla Guilhem’s exquisite design ethos, with floor-to-ceiling sliding glass doors, private balconies, fully equipped kitchens with high-end appliances, modern bathrooms, and ample storage space.
Complementing the project’s luxurious interiors are the architectural designs by Revuelta Architecture International, known for its sustainable and quality designs. The project’s interiors, curated by Carla Guilhem, are meticulously designed to match the dynamic lifestyles of its residents.
Origin Residences by Artefacto is not just another development; it’s a testament to visionary planning, exceptional design, and the ever-growing appeal of Miami’s waterfront luxury lifestyle. As it nears completion, it’s poised to leave an indelible mark on the Bay Harbor Islands and the broader South Florida region.
Construction Update for Bentley Residences Sunny Isles Beach
A major development in the Bentley Residences Sunny Isles Beach project has been achieved. The project has secured a critical agreement for connecting to the county’s water and sewer utilities, as recorded on December 11. This progress is a significant indicator of the project’s forward momentum.
Bentley Residences is set to offer 216 high-end residential units, promising a blend of luxury and exclusivity. An attractive feature for investors is the minimal utility connection charge of only $47,376, significantly reduced due to a credit for 180 former hotel rooms on the site. This reflects a smart cost-saving approach in the project’s development.
Spearheaded by acclaimed developer Gil Dezer, the project is gearing up for a groundbreaking event which would mark the commencement of construction. The anticipated completion date is set for 2026, offering a strategic investment timeline.
As of November, the project is already 40% pre-sold, indicating a robust market response and high investor confidence. The sale rate of four to six contracts per month, highlights the strong and consistent interest in the project.
Bentley Residences’ strategic Sunny Isles Beach location, coupled with luxurious features and a strong pre-sale performance, positions it as a potentially lucrative investment with a promising return.
The Rise of Mandarin Oriental Towers in Miami’s Exclusive Brickell Key
The Mandarin Oriental Towers project in Miami’s prestigious Brickell Key represents a significant investment opportunity. Currently in the advanced stages of permitting, with applications already submitted to Miami’s Building Department, this development is progressing rapidly towards construction, ahead of its planned condo sales launch in early 2024.
This ambitious project, exempted from UDRB review as confirmed earlier this year, comprises two distinct towers. The first tower is an architectural marvel, soaring to 65 stories and housing 228 luxurious condominium units. Standing at an impressive 826 feet, the construction of this tower involves a hard construction cost of approximately $237 million, inclusive of $663,600 in initial permitting fees.
The second tower offers a diverse mix of residential and hospitality options. It includes five levels of parking, eight levels of high-end lodging with 121 rooms, four levels of a condo-hotel featuring 28 units, and ten floors dedicated to 66 condominium units. This tower entails a hard construction cost of around $226 million, with $632,800 required for upfront permitting fees.
Moss & Associates, renowned for their construction expertise, are the appointed contractors for both towers. The project is spearheaded by Hong Kong-based Swire Properties, a name synonymous with high-quality developments. Kohn Pedersen Fox, a globally acclaimed architectural firm, is responsible for the design of these towers.
For investors seeking to capitalize on a premium real estate opportunity, the Mandarin Oriental Towers in Miami present a compelling proposition. With its strategic location, distinguished design, and robust development plan, this project is poised to redefine luxury living in Miami.
Rosewood Hotel and Residences Reveals $150 Million Penthouse in South Beach
Rosewood Residences, a 17-story luxury condo tower in the heart of Miami’s South Beach, designed by renowned architect Peter Marino. This project includes a record-setting penthouse, poised to be Miami Beach’s most valuable property, with a valuation exceeding $150 million. Scheduled for completion in 2026, this asset represents a rare opportunity in one of the world’s most desirable real estate markets.
The development, a fusion of high-end hotel, restaurant, and residential spaces, spans three acres on 18th Street and Collins Avenue, incorporating the historic Raleigh Hotel. Managed by the prestigious Rosewood Hotels & Resorts, this project is designed to redefine luxury living, offering unparalleled amenities and exclusive experiences.
At $10 million for a three-bedroom residence, with larger and more exclusive units available, the condominium promises substantial returns. The project’s pricing strategy aligns with luxury real estate trends in major cities like New York. The unique location and high-end offerings of this development present a compelling value proposition for discerning investors.
In 2019, developer Michael Shvo, in partnership with Deutsche Finance Group, acquired and envisioned a transformative project for the iconic Raleigh Hotel and adjacent properties. Shvo’s vision, endorsed by Miami Beach’s mayor, combines historic preservation with modern luxury, creating a unique investment proposition.
Peter Marino’s design emphasizes simplicity, elegance, and unobstructed ocean views, offering a refreshing contrast to typical Miami architecture. The building’s design is a testament to innovation, with units featuring high ceilings and premium materials, curated for an elite clientele.
Managed by Rosewood, the Residences promise a lifestyle of unrivaled luxury. Residents will enjoy hotel-style services, including the US outpost of the famed Milanese restaurant Langosteria. This holistic approach to luxury living makes the Rosewood Residences a standout investment in Miami’s property market.
Michael Shvo’s commitment to creating an unmatched product in Florida’s luxury real estate landscape is evident.
Crafting Elegance Above the Clouds-Unveiling the 56-Story Edition Residences in Edgewater
A significant opportunity has emerged in the real estate sector with the recent submission of a construction permit application for the Edition Residences in Edgewater, a project poised for remarkable returns. This 56-story development represents a strategic investment opportunity.
On December 5th, a comprehensive vertical construction permit application was finalized, following an earlier submission in May which had expired. The latest submission outlines a plan for 187 high-end residential units, coupled with a 13-level parking facility and 3,500 square feet of prime office space.
The project’s scale is impressive, with total new construction covering 1,206,774 square feet. The estimated hard construction cost stands at a substantial $215,750,000, indicating the project’s premium nature and potential for high-value returns.
Coastal Construction, a reputable firm, is on board as the contractor, ensuring quality and reliability in execution. The architectural design of this 649-foot glass tower is being spearheaded by the renowned Arquitectonica, promising a blend of luxury and innovative design.
Moreover, the project is advancing with separate applications already in process for a total demolition permit of an existing older condo building on the site, as well as a seawall permit, paving the way for this new landmark development.
This project presents an exceptional investment opportunity, combining luxury, innovation, and strategic location, making it an ideal addition to any high-yield real estate investment portfolio.
4241 Aurora Ushers in New Era of Upscale Living in Coral Gables
The recent approval of 4241 Aurora, a new project by Miami’s renowned real estate developers Constellation Group and The Boschetti Group, presents a unique investment opportunity. This Mediterranean-style mixed-use development, masterfully designed by the globally acclaimed Arquitectonica, is strategically positioned at 4241 Aurora Street in Coral Gables’ innovative Design and Innovation District. This development not only signifies a successful navigation through a stringent approval process but also introduces an upscale, mixed-use residential and commercial hub in the thriving heart of Merrick Park, Coral Gables’ prime shopping and entertainment zone.
Eduardo Otaola, Managing Principal of Constellation Group, emphasizes that 4241 Aurora is set to become a vital asset in Merrick Park, enhancing the district’s growing allure as a global destination with high-end amenities including premier restaurants, educational institutions, parks, and international business hubs.
Jose Boschetti from The Boschetti Group highlights the project’s commitment to creating a dynamic environment that fuses luxury living with substantial business and community growth opportunities. This development is poised to be a significant addition to Coral Gables, contributing to the city’s legacy of excellence.
4241 Aurora offers an enticing composition of eight floors of luxury residential condos, coupled with three levels dedicated to parking, retail, and office spaces. The development, standing at 137.5 feet, will feature a 5,000 square-foot park with verdant landscaping, public art, and ground-floor retail overlooking Merrick Park.
The residential segment provides a range of condominiums from two-bedroom units of 1,016 sq. ft. to larger three-bedroom residences with dens of 1,860 sq. ft. Exclusive amenities include a grand lobby, a rooftop lounge for residents, a state-of-the-art fitness center, a swimming pool, a pickleball court, commercial retail spaces, and outdoor dining areas with grilling stations.
Projected to break ground in the second quarter of 2024, 4241 Aurora is a prominent addition to Constellation Group’s portfolio in South Florida. The firm’s current projects include a luxury boutique office building in Merrick Park, Ella Miami Beach – a 10-story boutique condominium in North Beach, and SeaGlass Cove – a luxury private enclave of 14 oceanfront single-family homes in the Florida Keys. These developments represent substantial investment opportunities in some of South Florida’s most desirable locations.
Villa Miami Reveals New Amenity Renderings
Nestled in the heart of Edgewater Miami, a new era of luxury living is on the horizon with the pre-construction project, Villa Miami. This bayfront development isn’t just another high-rise—it’s a collaboration of world-class minds and talents. Spearheaded by Terra Development, One Thousand Group, and Major Food Group, and graced with the architectural genius of Pritzker-Prize laureates like Bjarke Ingels, Rem Koolhaas, and Arquitectonica, Villa Miami is poised to redefine luxury living.
Imagine living in a 58-story crystalline tower, soaring 650 feet into the Miami skyline. The copper-colored, exoskeletal design of Villa Miami isn’t just striking; it’s exclusive. This architectural masterpiece is a sanctuary for just 50 families, offering unprecedented levels of privacy and luxury.
Each residence in Villa Miami is a testament to opulence and state-of-the-art living. From expansive full-floor and half-floor units to magnificent 2-story penthouses, every home offers breathtaking 360-degree views of Biscayne Bay and the Miami skyline. The residences boast spacious floor plans, stainless steel appliances, smart home technology, minimalist kitchens, and complete control over in-residence applications.
The amenities at Villa Miami are equally impressive. Residents will enjoy an elegant lobby, a luxurious pool, a state-of-the-art fitness center, high-speed elevators, round-the-clock concierge service, ample parking with 193 spaces, and over 16,000 square feet of commercial and retail space. A rooftop helipad and a public baywalk add to the allure of this exceptional development.
Location is everything, and Villa Miami doesn’t disappoint. Situated at 710 NE 29th Street in Miami’s vibrant Edgewater neighborhood, it’s within walking distance of cultural hotspots like Margaret Pace Park, the Adrienne Arsht Center for the Performing Arts, and Midtown Miami. Whether it’s shopping in the Miami Design District, exploring the artistic Wynwood Miami, or a quick drive to Brickell, South Beach, or the Miami International Airport, Villa Miami is at the center of it all.
Villa Miami is not just a residence; it’s a lifestyle choice for those who seek the extraordinary. With its blend of visionary design, exclusive living, and a prime location, it’s set to become one of the most coveted addresses in the world. As construction progresses, Villa Miami is not just building homes; it’s crafting a legacy.
