Related Group, BH Group, and Partners Break Ground on The Residences at Six Fisher Island
In a landmark moment for luxury real estate, the Related Group, in partnership with Teddy Sagi, BH Group, and Wanxiang America RE Group, has officially broken ground on The Residences at Six Fisher Island. This highly anticipated development will rise within one of the most exclusive communities in the U.S.—Fisher Island. Situated on the island’s last available development site, the 216-acre iconic community will soon boast 50 bespoke residences across 10 stories, setting a new standard for ultra-luxury living.
The project, overseen by Coastal Construction, is expected to be completed by 2026. Already 50% sold, The Residences at Six Fisher Island has generated over $500 million in sales, including the sale of two penthouses for a combined $150 million. Sales are being managed by Douglas Elliman, cementing the development’s place as a top-tier real estate investment in Miami.
“The groundbreaking of The Residences at Six Fisher Island marks a transformative moment for this historic island, being the first new development in over five years and one of its final luxury residential ventures,” said Nick Pérez, President of Related’s Condominium Division. “This project elevates the island’s esteemed legacy and establishes a new standard for Miami’s ultra-luxury market.”
Architectural & Design Excellence
Designed by Kobi Karp Architects, with interiors by Tara Bernerd and Partners, Six Fisher Island brings a seamless blend of modern Miami style and timeless tropical elegance. The residences—ranging from three to eight bedrooms—feature high ceilings, expansive terraces, and floor-to-ceiling windows, offering breathtaking views of the water and Miami skyline.
Each residence has been thoughtfully curated to deliver the exclusivity of a single-family home with the convenience of condominium living. Key features include:
Custom kitchens with Sub-Zero and Wolf appliances
Dual walk-in wardrobes in primary suites
Elegant, natural stone bathrooms designed by Tara Bernerd
Private elevator foyers for each unit, with select residences offering private pools and outdoor kitchens
Five-Star Amenities for Unmatched Living
The Residences at Six Fisher Island will offer an unmatched lifestyle, with over 1,000 feet of shoreline providing access to a host of world-class amenities. Residents can indulge in two resort-style pool decks with swimming pools, private cabanas, and full-service bars. The oceanfront wellness facility includes spaces for cardio, Pilates, yoga, and weight training, along with a full-service spa complete with saunas and treatment rooms.
Additional luxury features include:
A virtual reality game room
Multi-sport simulator
Interactive children’s playground
24/7 concierge services
Private transportation on and off Fisher Island
A Legacy of Exclusivity
Fisher Island has long been recognized as one of the most prestigious communities in both South Florida and the nation. Residents of The Residences at Six Fisher Island will gain access to the Fisher Island Club, which includes a nine-hole golf course, 18 tennis courts, a 24,000-square-foot spa, state-of-the-art fitness center, multiple dining options, a luxurious beach club, and a deep-water yacht marina.
“We are thrilled to move one step closer to bringing world-class residences to Fisher Island, where luxury meets community in the most sought-after zip code on the East Coast,” said Isaac Toledano, Founder of BH Group. “The surge in pre-sales reflects the island’s prominence as a global destination, and reinforces the project’s dominance as the premier choice for discerning buyers seeking the pinnacle of luxury living.”
As Fisher Island continues to stand as a beacon of exclusivity and prestige, The Residences at Six Fisher Island promises to deliver an unparalleled living experience—one that will undoubtedly shape the future of ultra-luxury real estate in Miami.
Construction at The Standard Residences Midtown Miami Reaches Topping-Off Milestone
The Standard Residences Midtown Miami, a 12-story residential tower, has officially topped off construction, marking a significant step forward in the construction process. In addition to this, window installation has progressed up to the eighth floor. The project, backed by $45.045 million in financing from Bank OZK, continues to generate excitement, particularly with the announcement of two major food and beverage establishments. Solana by Juvia Group will grace the rooftop, while Rosetta Bakery Café & Privato Speakeasy will add flair to the ground floor.
Carlos Rosso, Founder of Rosso Development, expressed his enthusiasm, stating, “This milestone highlights Midtown’s ongoing transformation into one of Miami’s most sought-after areas. The support and enthusiasm surrounding the project reflect the vibrant future we envision for Midtown as a hub for living, working, and leisure.” This project is an integral part of Midtown’s evolution, signaling its growing appeal as a vibrant urban center.
The Standard Residences boasts an impressive design pedigree. The internationally renowned architecture firm Arquitectonica has brought their expertise to the building’s overall structure, while Urban Robot, in collaboration with The Standard’s in-house design team, has taken the lead on interior design. Civic Construction is serving as the general contractor, and Naturalficial is behind the thoughtfully designed landscape.
Located at 3100 Northeast 1st Avenue, the development sits at the crossroads of Miami’s most dynamic neighborhoods: The Design District and Wynwood. This prime location offers residents a highly walkable lifestyle, a rare attribute in Miami. The development has already achieved a remarkable milestone of its own, with 95% of the 228 residences—ranging from studios to two-bedroom units—already pre-sold. The flexibility of these units is particularly appealing, as they are designed to accommodate short-term leases as brief as one month.
The amenities at The Standard Residences are designed to offer a truly elevated living experience. The rooftop will feature a 60-foot resort-style pool, a restaurant and bar, and wellness facilities, including a fitness center, infrared sauna, indoor pickleball court, and yoga studios. In addition, residents will have access to a social floor, which includes a karaoke bar, screening room, co-working spaces, Zoom rooms, and a private boardroom. A concierge will be on hand to assist with owner needs and facilitate community programming.
The Standard Residences Midtown Miami, is on track for completion in Q3 2025.
Vita Residences at Grove Isle Tops Off Construction
Grove Isle, a tranquil and exclusive 20-acre private island just off Miami’s Coconut Grove neighborhood, is welcoming its first new residential development in decades. The CMC Group, led by renowned developer Ugo Colombo, has officially topped off construction of Vita Residences at Grove Isle, a highly anticipated 65-unit luxury condominium. This significant milestone is part of a grand vision to reshape the island’s residential landscape, with completion set for late 2025.
Vita Residences at Grove Isle is no ordinary development. Nestled within the serene waterfront setting, the seven-story building comprises three interconnected structures that form a cohesive, elegant design. Located at 5 Grove Isle Drive, the development offers an exclusive island lifestyle just minutes from the bustling Coconut Grove neighborhood, one of Miami’s most desirable residential enclaves.
Despite its ongoing construction, Vita Residences at Grove Isle has already secured strong interest, with nearly 80% of its units under contract. The majority of buyers are from the United States, demonstrating the continued demand for luxury living in Miami, especially in areas like Coconut Grove. The development’s allure lies not only in its luxurious amenities and design but also in its prime location, offering unobstructed views of Biscayne Bay.
Ugo Colombo, the visionary behind CMC Group, expressed his excitement about the project’s progress, saying, “Seeing Vita at Grove Isle take shape is a fulfillment of our vision for future residents and the future of Grove Isle itself. This development will offer an exclusive private-island lifestyle, combining the unparalleled water views and unique location with the comfort and luxury of homes, all within the convenience of a condo.”
The residences at Vita at Grove Isle are designed with high-end finishes and craftsmanship throughout, with three-, four-, and four-plus-den-bedroom layouts available. The crown jewels of the development are the 12 exclusive penthouses, each featuring a private rooftop pool. Prices start at around $6 million for standard units, with penthouses priced at approximately $19.5 million.
The Vita development brings not only luxury residences but also a range of island-wide upgrades. Significant improvements to the island’s roadways, signage, and guardhouse are planned. Residents will enjoy access to a variety of amenities, including a bayfront pool, fitness center, spa, and a private members-only club offering tennis and pickleball courts. Additionally, a public restaurant and marina will be integrated into the development, providing both residents and visitors with waterfront dining and leisure.
In early 2024, CMC Group secured $239 million in construction financing from Bank OZK, ensuring the smooth progress of the project. The design team includes renowned architecture firm CallisonRTKL, local architects S & E Architects, and world-class interior designers Carlo and Paolo Colombo of A++ Architecture, further highlighting the development’s commitment to quality and luxury.
Vita at Grove Isle is poised to become a standout addition to Miami’s high-end real estate market. Grove Isle has long been known for its exclusivity and stunning views, and this new development will enhance its reputation as one of Miami’s premier residential destinations. Minutes from the vibrant districts of Brickell, Miami Beach, and Coral Gables, Vita at Grove Isle offers the perfect blend of serene island living and easy access to Miami’s best dining, shopping, and entertainment.
CMC Group’s track record of excellence in luxury development continues with Vita at Grove Isle, joining the ranks of its previous projects like Bristol Tower, Santa Maria, and Brickell Flatiron. With the recent completion of Onda Residences in Bay Harbor Islands, CMC Group continues to push the boundaries of luxury living in Miami.
Solina Bay Harbor Reaches 50% Sold
Solina Bay Harbor is quickly becoming the epitome of luxury living, and the numbers speak for themselves—this exquisite development is now 50% sold! As one of the most anticipated waterfront communities, this milestone marks a significant achievement and a testament to the desirability and unique appeal of Solina Bay Harbor.
Located in one of the most picturesque settings, Solina Bay Harbor offers a rare blend of luxury and natural beauty. Nestled along the pristine coastline, this development provides residents with breathtaking ocean views, serene surroundings, and access to some of the most stunning beaches. Each residence is meticulously designed to offer the ultimate in comfort and sophistication, blending seamlessly with the natural environment.
The architectural design reflects a modern aesthetic while paying homage to the coastal charm that makes this location so special. Spacious, open-plan interiors, floor-to-ceiling windows, and expansive balconies ensure that residents can fully immerse themselves in the beauty that surrounds them.
With 50% of the properties now sold, it’s clear that Solina Bay Harbor is resonating with those seeking not just a home but a lifestyle. The development offers a range of world-class amenities, including a state-of-the-art fitness center, an infinity pool overlooking the ocean, private beach access, and a full-service marina.
For those who value convenience and exclusivity, Solina Bay Harbor provides both in abundance. The nearby town offers gourmet dining, boutique shopping, and vibrant cultural experiences, all within a short drive or boat ride. Whether you’re looking to unwind in your private sanctuary or explore the dynamic local scene, Solina Bay Harbor offers the best of both worlds.
One of the key factors driving sales at Solina Bay Harbor is the sense of community that is being cultivated here. The developers have gone to great lengths to ensure that residents feel connected not just to their environment but to each other. Regular social events, a private club, and communal spaces designed for interaction make it easy for residents to build lasting relationships with their neighbors.
This is more than just a place to live; it’s a community where residents can create memories, enjoy a sense of belonging, and indulge in the finest things life has to offer.
As Solina Bay Harbor continues to captivate discerning buyers, the opportunity to become part of this exceptional community is becoming more limited. With its unique blend of luxury, natural beauty, and community spirit, it’s no wonder that this development has reached the 50% sold milestone so quickly.
A Historic Milestone: Baccarat Residences Miami’s Foundation Pour
This past weekend, the Miami skyline witnessed a significant milestone in luxury development with the completion of the foundation pour for the highly anticipated Baccarat Residences Miami. This event not only marked a pivotal moment for Related Group and GTIS Partners but also set a new record for both firms in terms of scale and magnitude.
The foundation pour, executed by Ceco Concrete Construction, required over 10,000 cubic yards of concrete and 1,500 tons of reinforcing steel. The 30-hour operation began at 8 p.m. on Friday and continued non-stop until 2 a.m. on Sunday, making it one of the most extensive pours in Miami’s recent history. The general contractor, John Moriarty & Associates of Florida (JMA), led the project with precision, supported by Florida Concrete Unlimited, Titan America, Gancedo Lumber, B&J Consulting Engineers, and NV5.
“It’s not every day you see a foundation pour of this scale and magnitude. It was truly a once-or-twice-in-a-lifetime event,” said Nicholas Perez, President of Related’s Condominium Division. He expressed deep gratitude for the exceptional coordination and planning required from all parties involved, noting that such a monumental undertaking is a rare achievement.
Baccarat Residences Miami: A New Icon on Brickell Avenue
Set on one of the last waterfront parcels along Brickell Avenue, where the Miami River meets Biscayne Bay, Baccarat Residences Miami is poised to become a new landmark in luxury living. The 75-story tower is a collaboration of world-renowned talents: the architecture is designed by the international firm Arquitectónica, the interiors by NYC-based Meyer Davis, and the landscape by Swiss architect Enzo Enea.
This project is particularly notable as it represents the legendary French crystal brand Baccarat’s first stand-alone residential tower, a venture managed by the hospitality titan SH Hotels & Resorts. The tower, a sister property to the record-breaking Baccarat Hotel & Residences NYC, will feature 355 residences, including eight exclusive penthouses, and is already 95 percent sold, with a few premium residences still available.
Unmatched Luxury and Five-Star Amenities
Residents of Baccarat Residences Miami will enjoy an unparalleled lifestyle, with over 75,000 square feet of luxurious amenities spread across five levels of the tower. The amenities include exquisitely appointed social spaces, a state-of-the-art health and fitness center, La Mer spa facilities, a private marina for residents’ yachts, and a curated collection of museum-quality art. Each aspect of the residence will be managed by SH Hotels & Resorts, ensuring the highest standards of service and sophistication.
A Visionary Project for Miami’s Future
The completion of this historic foundation pour is a testament to the vision and ambition behind Baccarat Residences Miami. As construction progresses, this project is set to redefine luxury living in Miami, offering residents not just a home but a lifestyle steeped in elegance and exclusivity.
As Miami continues to evolve as a global city, developments like Baccarat Residences Miami underscore the city’s growing appeal as a destination for those seeking the finest in residential living. The successful execution of the foundation pour is a strong indicator of the commitment to quality and excellence that will carry through to the completion of this extraordinary tower.
New Edgewater Tower Receives FAA Approval for 637-Foot Height
Edgewater, one of Miami’s most rapidly developing neighborhoods, is set to welcome a striking new addition to its skyline. The Federal Aviation Administration (FAA) has officially given the green light for the height of a new tower planned for the area. According to a determination letter dated August 19th, the FAA has approved the tower to rise to an impressive 637 feet above ground level, or 641 feet above sea level.
The letter was sent to Meridian TC Real Estate Group LLC, the company responsible for overseeing the project. The approved height paves the way for the construction of Edge House Miami, a luxury condominium building that will also allow for short-term rentals—a feature that is increasingly popular in the Miami real estate market.
Edge House Miami is set to be a 57-story architectural marvel, with a design crafted by the renowned architect Kobi Karp. Known for his innovative and contemporary designs, is expected to bring a modern aesthetic to Edge House Miami, further enhancing Edgewater’s reputation as a hub for luxury living.
The developer behind this ambitious project is Peru’s Grupo T&C, a company with a growing portfolio of high-end developments. Their decision to invest in Edgewater reflects the area’s burgeoning appeal, particularly among those seeking upscale residential options with flexible rental opportunities.
As Edge House Miami begins to take shape, it promises to be a significant landmark in Edgewater, contributing to the neighborhood’s evolving identity as one of Miami’s premier residential districts. The project’s approval by the FAA marks a crucial step forward, setting the stage for what will undoubtedly be one of Edgewater’s most anticipated developments.
Brickell’s Dolce&Gabbana Tower to Fund Transportation Upgrades
In a significant development for Miami’s Brickell neighborhood, the developer behind the highly anticipated 90-story Dolce&Gabbana supertall condo hotel has reached an agreement to fund crucial transit and transportation upgrades in the area. This agreement is a pivotal step in the ongoing review process as the project progresses under Miami-Dade’s Rapid Transit zoning plan.
The Dolce&Gabbana tower, a striking addition to the Miami skyline, is currently under scrutiny by Miami-Dade’s review process, which falls under the Rapid Transit zoning plan. This zoning plan is designed to ensure that new developments contribute to the public good, particularly in areas like transportation and transit infrastructure. The approval of developments within this zone is often contingent upon providing significant public benefits, which in this case, includes a substantial financial commitment from the developers.
On August 13th, a Declaration of Restrictions was officially recorded with Miami-Dade County, outlining the public benefits that will accompany the approval of the Dolce&Gabbana tower. One of the key components of this declaration is a commitment to a $1.5 million contribution from the developer. This one-time payment will be allocated to a series of much-needed upgrades and improvements in the Brickell area.
Traffic Signal Installation: A new traffic signal will be installed at the intersection of South Miami Avenue and SW 10 Street. This upgrade is expected to enhance safety and traffic flow in one of Brickell’s busiest areas.
Metromover Station Enhancements: The Tenth Street Metromover Station and its surrounding vicinity will receive repairs and upgrades. These improvements will include updates to mechanical systems, restrooms, painting, signage, accessibility features, streetscape improvements, and wayfinding support.
Additional Commitments: The $1.5 million contribution will be in addition to any permitting or impact fees that are already due to the County as part of the development process. However, if the County Director determines that any portion of the contribution is duplicative of impact fees, the developer may be eligible for an offset equivalent to the value of those fees.
The agreement was signed by Michael Stern, representing the developing entity. This commitment to improving the infrastructure around the Dolce&Gabbana tower underscores the developer’s dedication to enhancing the community and addressing the needs of Brickell’s growing population.
As the Dolce&Gabbana supertall condo hotel moves closer to realization, this agreement marks a significant milestone in ensuring that the development not only adds luxury and architectural grandeur to Miami’s skyline but also contributes meaningfully to the city’s infrastructure. The upcoming transit and transportation upgrades funded by the developer will play a vital role in supporting the continued growth and vibrancy of the Brickell neighborhood.
Loews Corporation Secures $305 Million Refinancing for Miami Beach Resort
Loews Corporation is poised to receive a $305 million refinancing package for its premier oceanfront Miami Beach resort. The financing, which backs the 5-acre, 790-key hotel located at 1601 Collins Avenue, is being originated by Wells Fargo, National Association, and JPMorgan Chase Bank, as reported by Fitch Ratings. The transaction is expected to close on September 10th.
The 10-year, fixed-rate, interest-only loan will serve to refinance the existing $300 million debt and cover approximately $5 million in closing costs. Despite multiple inquiries, a spokesperson for Loews has not provided any comments on the matter.
Loews, which is led by the billionaire Tisch family, has a long-standing history with the property, having acquired it in 1998. The resort encompasses two towers, including the historic St. Moritz building and a 17-story tower. The property boasts approximately 46,000 square feet of meeting space, six food and beverage outlets, retail spaces, a pool, and cabanas. Among its dining options is the renowned Rao’s restaurant, which has become a key attraction for guests.
Fitch Ratings has valued the property at just over $400 million, translating to about $507,000 per key. With a loan-to-value ratio of 74 percent, the new financing will strengthen the resort’s financial foundation while ensuring its continued operation as a luxury destination in Miami Beach.
This refinancing follows a similar move earlier this month by BDT & MSD, a merchant bank created through the merger of Trott’s BDT & Company and MSD Partners, the private investment arm of Dell Technologies founder Michael Dell. The firm secured a $1 billion refinancing for the Boca Raton Resort & Club, a 1,047-key luxury hotel located at 501 East Camino Real in Boca Raton. Citi Real Estate Funding provided the two-year, floating-rate interest-only loan for that transaction.
The Miami Beach resort refinancing marks yet another significant investment in South Florida’s luxury hotel market, reflecting the region’s robust real estate and hospitality sectors. As Loews continues to enhance its premier properties, the future looks bright for this iconic oceanfront destination.
Foundation Pour Completed for Aria Reserve North Tower
Exciting progress is being made on the highly anticipated Aria Reserve development in Miami! The foundation pour for the 62-story Aria Reserve North Tower was successfully completed, according to a recent social media post by shell contractor L&R Structural Corp. This marks a significant milestone in the construction of one of Miami’s most luxurious and ambitious residential projects.
The foundation pour comes just a few weeks after the Miami Building Department issued the master construction permit for the North Tower on June 11. Construction cranes were promptly installed following the permit issuance, allowing the project to progress smoothly. The twin towers of Aria Reserve, each rising 62 stories or 649 feet, are set to redefine Miami’s skyline.
Aria Reserve is a twin-tower development, with each tower standing tall at 62 stories. The South Tower, which topped off in April, is a testament to the speed and efficiency with which this project is moving forward. Together, the two towers will offer approximately 743 luxury condos, providing residents with stunning views and top-tier amenities in the heart of Miami.
The Aria Reserve project is being developed by the esteemed Melo Group, a name synonymous with quality and luxury in Miami’s real estate scene. The architectural design is being crafted by the renowned firm Arquitectonica, known for their innovative and iconic designs that grace skylines around the world.
With the foundation pour now complete, the construction of the Aria Reserve North Tower will continue to rise, bringing this ambitious project closer to its final form. As the towers inch closer to completion, Miami residents and future condo owners alike are eagerly awaiting the day when Aria Reserve will open its doors, offering an unparalleled living experience in one of the most vibrant cities in the world.
