Bal Harbour Shops’ Ambitious Expansion Plan: A Blend of Luxury and Workforce Housing
Bal Harbour Shops, a renowned shopping center in Florida, is set to undergo a transformative expansion that promises to reshape the community’s housing landscape. The owners of Bal Harbour Shops have filed an exciting proposal to build an expansion that includes 600 residential units, a move aimed at addressing the critical need for housing for various community members. This development has been made possible through Florida’s new Live Local Act, which allows developers to bypass certain local zoning regulations in exchange for a commitment to create workforce housing.
The visionary behind this project, Matthew Whitman Lazenby, President, and Chief Executive Officer of Whitman Family Development, sees the expansion as an opportunity to diversify the area’s housing market. Lazenby expressed, “By adding workforce and market-rate housing catering to service and hospitality workers, teachers, first responders, and other workers who are the backbone and lifeblood of our community and who are currently priced out of the market, Bal Harbour Shops will diversify the area’s housing market so that people who work in this Village can actually live here.”
The expansion will consist of two distinct types of residential units. First, 40% of the units will be dedicated to workforce housing, providing an attainable living option for essential members of the community. These units will offer comfortable and quality living spaces designed to cater to the needs of service industry workers, teachers, and first responders.
The remaining 60% of residential units will be luxurious, maintaining the premium design, finishes, and features that characterize Bal Harbour Shop’s luxury brand. This blend of workforce and luxury housing creates a unique living environment that promotes inclusivity and diversity while maintaining a high standard of living.
Apart from residential units, the expansion plan includes a 70-room upscale hotel, adding to the allure of Bal Harbour as a destination for visitors and tourists. Additionally, 45,700 square feet of retail space will be integrated, providing residents and visitors with more shopping options.
The new towers are set to rise to approximately 275 feet, similar in height to the St. Regis Bal Harbour Resort across the street. The design places a strong emphasis on pedestrian access and street-level activations, ensuring that the development seamlessly integrates with the surrounding community. New entry points to the development will enhance accessibility and encourage community engagement.
Currently, Bal Harbour Shops is eagerly awaiting the issuance of a building permit. Once this milestone is reached, the first phase of the project will commence with the construction of an attainable housing tower on the property’s southwest corner. Subsequently, the luxury housing and hotel will follow, further enhancing the community’s housing and hospitality offerings.
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.
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.
