The Residences at Six Fisher Island Secure $400M Construction Loan
In the realm of ultra-luxury real estate, few projects command as much anticipation and prestige as The Residences at Six Fisher Island. Recently, Related Group, in collaboration with partners Teddy Sagi and BH Group, alongside Wanxiang America RE Group, achieved a significant milestone by securing a $400 million construction loan from Madison Realty Capital. This loan replaces an initial $85 million acquisition loan, underscoring the scale and ambition of this exclusive development.
Situated on Fisher Island’s Northeastern shoreline, The Residences at Six Fisher Island is poised to become a hallmark of opulence on the East Coast. With only 50 private residences spread across 10 stories, the project promises an unprecedented level of exclusivity and luxury. Construction is slated to commence this summer, with completion expected by 2026.
Since its launch in late 2022, The Residences have already achieved remarkable sales exceeding $500 million. This includes the recent sale of two penthouses for a combined $150 million, emphasizing the allure and desirability of this unique development.
Berkadia South Florida played a pivotal role in securing the nine-figure loan, with Scott Wadler, Managing Director, highlighting the strategic foresight and global appeal of Related and BH Group’s vision for waterfront luxury living. The project’s distinctiveness and unprecedented demand for its penthouses contributed to Berkadia’s confidence in facilitating this landmark financing arrangement.
Nick Pérez, President of Related’s Condominium Division, expressed a deep commitment to enhancing Fisher Island’s unparalleled reputation. The development aims to blend opulence with tranquility, offering residences averaging 4,817 square feet designed by Tara Bernerd and Partners and Kobi Karp Architects. Each home will feature bespoke interiors, private elevator foyers, and panoramic water views—a testament to meticulous craftsmanship and elevated living.
Residents of Six Fisher Island will enjoy a wealth of amenities, including two resort-style pool decks, a state-of-the-art wellness facility, and exclusive access to Fisher Island’s renowned private beach and golf course. This enclave promises a seamless fusion of privacy and convenience, catering to the discerning tastes of its esteemed residents.
Isaac Toledano, Founder of BH Group, emphasized the project’s commitment to enriching Fisher Island’s unique community ambiance. The development seeks not only to redefine luxury living but also to preserve and enhance the island’s cherished village-like atmosphere—a testament to BH Group’s dedication to crafting exceptional living environments.
With the $400 million construction loan secured, The Residences at Six Fisher Island stands poised to redefine the pinnacle of luxury living on the East Coast. This landmark development represents a harmonious blend of visionary architecture, unparalleled amenities, and a commitment to timeless elegance. As construction progresses, anticipation mounts for what promises to be a new standard in coastal living, offering a rare opportunity to reside in one of the world’s most exclusive communities.
Construction Update for St. Regis Residences Miami
In a city known for its ever-evolving skyline, Miami’s Brickell neighborhood is gearing up for another impressive addition. Plans submitted to the Federal Aviation Administration (FAA) on June 3 have revealed ambitious developments at the St. Regis Residences property on Brickell Avenue.
According to the filing, two cranes are slated to be erected at the construction site, symbolizing a significant milestone in the area’s ongoing transformation. These towering structures are set to reach a remarkable height, with each crane projected to rise an impressive 741 feet above ground level, or 750 feet above sea level.
The proposed cranes are not the only elements reaching new heights in this project. Earlier this year, the Miami Building Department granted a total demolition permit, marking the beginning of the site clearance process. The permit was issued to make way for the forthcoming St. Regis tower, which promises to redefine Brickell’s skyline.
The vision for the St. Regis tower is nothing short of breathtaking. Once completed, it is set to soar 52 stories above ground, reaching a height of 630 feet above ground level and 639 feet above sea level. This architectural marvel will not only reshape the skyline but also elevate the living experience for future residents.
As the project progresses, meticulous planning and coordination are underway. A master construction permit is currently under review, while phased vertical and site work permits are in process. These meticulous preparations underscore the commitment to ensuring the seamless execution of this monumental endeavor.
The St. Regis Residences project represents more than just a construction site; it embodies the spirit of innovation and progress that defines Miami’s vibrant landscape. With each crane raised and each floor built, Brickell’s skyline reaches new heights, reflecting the city’s unwavering ambition and limitless potential.
Tower Near Arsht Center to Soar Higher Than Initially Planned
Miami’s skyline is about to undergo another transformation as plans for a new tower near the Arsht Center have been formally filed, revealing an increase in height beyond initial expectations. This development signals not only the city’s continued growth but also the adaptability and evolution of urban architectural projects.
According to recent filings submitted on June 6th to Miami-Dade officials for zoning approval, the tower is now slated to rise 30 stories above ground, reaching an impressive height of 353 feet. This significant increase surpasses the earlier projection of 27 stories, standing at 319 feet, as detailed in an April filing by the developer during a pre-application meeting request. The adjustment in height underscores the dynamic nature of construction projects and the iterative process of urban development.
Despite the upward revision in height, one aspect remains constant: the number of dwelling units. The tower is still planned to accommodate 283 units, maintaining its residential capacity as previously envisioned. This continuity ensures that the project retains its intended scale and functionality, providing housing options within the burgeoning cityscape.
Behind this ambitious venture is a dedicated team of professionals committed to bringing the vision to life. 14th Street Miami Investments, LLC spearheads the development, while RSP Architects of Miami lends their expertise as the architect responsible for crafting the tower’s design. The project’s engineering aspects, both civil and traffic, are entrusted to Kimley-Horn, ensuring the structural integrity and seamless integration with the surrounding urban infrastructure. Urban Robot contributes its landscape architectural prowess to enhance the green spaces surrounding the tower, while legal matters and land use intricacies are expertly navigated by Bercow Radell Fernandez Larkin + Tapanes. This collaborative effort underscores the interdisciplinary nature of modern urban development, where diverse skill sets converge to realize ambitious projects.
As plans for the tower near the Arsht Center take shape and surpass initial expectations in height, Miami’s skyline prepares for another striking addition. This development not only reflects the city’s ongoing evolution but also exemplifies the collaborative spirit driving urban innovation. With a dedicated team and meticulous planning, the tower is poised to become a prominent feature in Miami’s ever-changing landscape, contributing to its vibrant urban tapestry for generations to come.
Introducing Villa17- A Paradigm of Luxury Living in Miami Beach
Miami Beach, renowned for its vibrant energy and luxurious lifestyle, is about to witness the dawn of a new era in upscale living with the launch of Villa17. Developed by Regency Development Group in collaboration with the visionary architect Kobi Karp, Villa17 emerges as an exclusive enclave of opulent townhomes at the coveted corner of 17th and Jefferson Avenue.
With just 10 meticulously crafted residences, Villa17 sets a new standard for sophistication and urban living in Miami Beach. Each townhome, designed by the esteemed firm Yodezeen, boasts 4 bedrooms, 4.5 bathrooms, and an array of upscale features, starting at $3,500,000. The interiors are a testament to exquisite taste, with customizable options that reflect the discerning preferences of today’s luxury buyers.
What sets Villa17 apart is not just its prime location but also its commitment to unparalleled luxury. Residents will revel in the exclusivity of their own private elevator, granting access to a secluded rooftop retreat. The attention to detail is evident throughout, with Poliform kitchens and closets, Antonio Lupi bathrooms, and state-of-the-art Miele appliances adorning each home. Security and convenience are paramount, with private 2-car garages ensuring peace of mind amidst the bustling cityscape.
Spanning 2,500 to 3,000 square feet, the floor plans of Villa17 boast expansive 10-foot ceilings, framing panoramic views of Lincoln Road or the meticulously landscaped garden terrace. The customizable sky decks offer residents the opportunity to tailor their rooftop oasis to their exact specifications, further elevating the luxury living experience.
Villa17 represents a harmonious fusion of convenience and sophistication, redefining luxury living in Miami Beach. With its exquisite design, prime location, and customizable features, Villa17 stands poised to captivate those who seek the ultimate in urban elegance amidst the vibrant energy of Miami Beach.
The Residences at Shell Bay Unveils $1 Million Private Membership Yacht Club
The Residences at Shell Bay, a stunning 150-acre golf destination and exclusive resort has been making headlines with its jaw-dropping $1 million+ club membership invitation fee. But that’s not all – the latest addition to Shell Bay is The Shell Bay Yacht Club, a private 48-slip marina, complete with two 55-foot houseboats available for charters.
Situated on the Intracoastal Waterway, The Shell Bay Yacht Club is perfect for those looking for maritime experiences in Miami without the commitment of owning a boat. It’s also a great solution for private vessel owners who have been struggling with the shortage of docking spaces in the area. Developed by The Witkoff Group and PPG Development in partnership with Auberge Resorts Collection, this new yacht club promises a lavish nautical lifestyle.
The amenities at The Shell Bay Yacht Club are nothing short of extraordinary. From a dedicated dock master and concierge services to specially curated waterfront experiences like deep-sea fishing and catamaran snorkel tours, residents will have access to it all. And if boating isn’t your thing, you can enjoy paddleboarding, jet skiing, and kayaking.
Fishing enthusiasts will be in their element at The Shell Bay Yacht Club, given the diverse marine species in the Atlantic Ocean and Intracoastal Waterway. Whether you’re after saltwater game fish or local favorites like wahoo and tuna, the opportunities for a great catch are endless. And if you do reel in a fresh catch, Shell Bay’s Chef will prepare it into a delectable seafood dinner tailored to your preferences.
But that’s not all – Shell Bay is also home to an 18-hole, Greg Norman-designed Championship course, one of the longest in South Florida. The property also features a Racquet Club with tennis courts, pickleball, and padel courts, as well as basketball courts, batting cages, and a children’s discovery playground.
Adding to the allure, Auberge Resorts Collection will be opening a hotel at Shell Bay, offering a suite of five-star amenities and services, including resort-style swimming pools and a state-of-the-art fitness center. Auberge will also be servicing The Residences at Shell Bay, a luxury condominium tower offering 108 private residences.
Summit Brickell Development Secures FAA Approval, Moves Forward with Updated Plans
The highly anticipated mixed-use development, Summit Brickell is set to redefine the skyline of Miami’s Brickell neighborhood. Located at 1015 Southwest 1st Avenue, this ambitious project recently achieved a significant milestone by securing approval from the Federal Aviation Administration (FAA). With this approval, the development is poised to rise 765 feet above ground, reaching a total height of 769 feet above sea level at its highest point. Designed by Corwil Architects and developed by Lore Development Group—a joint venture between Brazilian billionaire Daniel Dantas’ Opportunity investment firm and Leste Group—Summit Brickell promises to bring a dynamic blend of residential and commercial spaces to the heart of Miami.
Filed on April 5 and swiftly approved on May 21, Summit Brickell is planned as a 60-story structure with a total floor area ratio (FAR) of 717,740 square feet. The updated plans for the tower to include:
500 residential units
1,583 square feet of commercial space
500 parking spaces
Documents recently filed with Miami-Dade County in April provided updated renderings and plans for Summit Brickell. One of the notable changes is the reduction of the proposed structure from 69 to 60 stories. The updated plans also indicate the elevator bulkhead will now rise to 750 feet, significantly lower than the initially planned 843 feet, falling well within the heights approved by the FAA.
Summit Brickell is currently under review by Miami-Dade County planners as part of its Rapid Transit zoning plan, allowing it to bypass city review. However, a construction permit for the project has not yet been filed with the county.
The project’s material board highlights the variety of architectural features and elements that contribute to the overall design and aesthetic of the structure. Key features include:
Fine sand stucco/textured finish used throughout the elevations
Horizontal concrete pours/sculpted to exterior walls
Impact-resistant guardrail systems
Sliding glass doors with impact-resistant aluminum frame and glass
Fixed-lite, clear safety glass and impact-resistant guardrail system on balcony rails
Additionally, the building will feature:
Impact-resistant glass doors
Storm-resistant mesh screens
Parking garage breezeway
Perforated aluminum garage system panels
Decorative metal claddings
Aluminum sunshade systems
Summit Brickell will offer various unit types from the 14th through the 58th floor, including studios, one-bedroom, two-bedroom, and three-bedroom floor plans ranging from 500 to 1,418 square feet. The penthouse units on the 59th floor will range from 1,288 to 2,618 square feet. Residents will enjoy amenities on both the 13th floor and the 60th-floor rooftop. The parking garage is designed to occupy floors 2 through 12, ensuring ample space for residents and visitors.
While it remains unclear when the developer plans to break ground on the project, it is still navigating through the approval process, and no permits have been submitted as of May. Initially, groundbreaking for the project was tentatively scheduled for June 2024, with completion expected by summer 2027. However, given the current status, a groundbreaking towards the end of the year seems more likely, with completion potentially extending into late 2027.
Swire Properties Unveils $100 Million Duplex Penthouse at The Residences at Mandarin Oriental
The latest addition to Miami’s upscale real estate scene is Mandarin Oriental, which, in collaboration with Swire Properties, has launched sales for The Residences at Mandarin Oriental, Miami. This development features 228 luxury branded residences within an 800-foot tower on Brickell Key, just moments away from Miami’s bustling center.
These residences are just a part of the brand’s grand vision to transform this secluded island sanctuary into an unmatched residential and hospitality destination. The South Tower will house The Residences at Mandarin Oriental, Miami, while the North Tower is set to become the new North American flagship Mandarin Oriental hotel, connected by a beautifully landscaped podium.
Among the first properties available is the development’s $100 million duplex penthouse. The penthouse offers 23,000 square feet of living space, including 7,000 square feet of private outdoor space.
With 30-foot-high ceilings, interiors by designer Tristan Auer, and unparalleled views of the city skyline from nearly 800 feet above, this residence epitomizes elevated living. The property features multiple outdoor dining and entertainment areas and a sky cabana that can serve as an additional bedroom. The infinity pool, one of Miami’s highest, adds to the allure for those who love heights.
Luxury Residences for Sale
The South Tower offers a range of luxurious residences:
Two-bedrooms starting at $4.9 million
Three-bedrooms starting at $5.8 million
Four-bedrooms starting at $10.5 million
Five-bedrooms starting at $17.5 million
The North Tower: A New Flagship Hotel
The North Tower will house the new Mandarin Oriental hotel, featuring:
121 rooms
A signature Spa at Mandarin Oriental
Multiple intimate fine-dining and al fresco restaurants
This tower will also offer an additional 66 private residences and 28 hotel residences, with sales set to launch later this year.
The Future of Branded Residences in Miami
The branded residence trend continues to gain momentum in Miami, blending luxury living with prestigious brands. With properties like The Residences at Mandarin Oriental, Miami, the city is setting new standards for high-end urban living, offering residents unparalleled luxury and world-class amenities.
One Twenty Brickell Residences: A New Residential Tower in Miami
A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.
One Twenty Brickell Residences will feature a range of studio to three-bedroom apartments, sized from 451 to 1,395 square feet. Each residence will boast fully integrated kitchens with custom countertops and backsplashes, contemporary under-mount sinks, and a high-end appliance package. Additional features include imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, glass-enclosed showers, and fully built-out closets in primary bedrooms. The flooring, selected with specifications recommended by Cotofana Designs, includes designer polymer wood and a contemporary lighting package. A built-in top-of-the-line washer and dryer enhance convenience, while PMG’s smart home technology offers efficient, seamless personalization at the touch of a button.
One Twenty Brickell Residences features a unique offering of private office suites, which are deeded individually to condo purchasers. Each office is enclosed with glass panels and equipped with a desk, chair, two guest chairs, a wallpaper accent wall, and complimentary Wi-Fi, providing a functional workspace for residents. Additional office amenities include concierge secretary service, dedicated elevators, a reception area, and a coffee station. For larger meetings, a conference room is available, featuring an eight-person conference table, a 72-inch smart TV with a mounted camera, a conference phone, and Wi-Fi access.
Extensive Amenities for Modern Living
Amenities at One Twenty Brickell Residences encompass over 60,000 square feet, including:
Pickleball court with courtside seating
Children’s club and gym
Sky bar and lounge
Cafe and juice bar
Infinity-edge pool offering sunset views
Dog run
Wellness and fitness center featuring steam rooms, saunas, treatment rooms, and relaxation area with outdoor terraces
Modern fitness studio with the latest equipment
Movement studio and yoga lawn
Additional services available to residents include a building and wellness concierge, comprehensive management of the property, and smart-building technology, all aimed at providing a seamless living experience. The complex is further enhanced by custom art installations, enriching the environment for those who live, work, and play there.
NoMad Residences Wynwood: Securing $141.5 Million in Financing and Pioneering a Unique Residential Experience
Related Group and Tricap have successfully secured $141.5 million in financing for the highly anticipated NoMad Residences Wynwood, a significant development in Miami’s vibrant Wynwood Arts District. The project received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. Construction commenced in October 2023, shortly after the groundbreaking in September.
“Related Group is proud to partner with Related Fund Management and Kennedy Wilson to drive the development of NoMad Residences Wynwood further,” said Nick Pérez, President of Related’s Condominium Division. “This significant capital infusion is a testament to the strong investor confidence in Miami’s residential market and, more notably, our distinct vision for this hospitality-centric and lifestyle-driven development. We’re excited to bring this unique residential experience to Wynwood, which adeptly blends design, culture, and community in a way that only NoMad can.”
Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, echoed these sentiments: “We are pleased to join with Related Fund Management to provide construction financing to Related Group for this exceptional project. Related Group is arguably the premier residential developer in South Florida and their deep experience, particularly in Wynwood, is one of many reasons we were drawn to this investment.”
NoMad Residences Wynwood, designed by Arquitectonica with interiors by DesignAgency, will offer 329 units ranging from studios to two-bedroom apartments. Each residence will feature floor-to-ceiling windows, private balconies, and modern kitchens equipped with Bosch appliances and Italian-style cabinetry. The units come fully furnished with packages from DesignAgency and are designed with no rental restrictions, allowing owners the flexibility to rent their homes for any period.
The development will include a variety of public food and beverage venues. Highlights include a rooftop restaurant and bar managed by Leo Robitschek, a James Beard Award winner, and Casa Tua Cucina on the ground floor, offering Italian and Mediterranean cuisine.
Residents will enjoy access to an array of amenities such as a rooftop lounge, pool, fitness facilities, and the NoMad Library and Lounge. The building will also showcase art from the Jorge M. Pérez Collection and feature commissioned works that reflect the Wynwood artistic community.
Sales have been robust, with more than 80% of the residences already sold. Completion of NoMad Residences Wynwood is anticipated for late 2025, promising a dynamic and culturally enriched living experience in one of Miami’s most artistic neighborhoods.
