Tom Brady Secures Construction Loan for New Residence at Indian Creek
Seven-time Super Bowl champion Tom Brady obtained a $35 million construction loan for his residence in Indian Creek.
In late 2020, Brady and his then-wife, supermodel Gisele Bündchen, bought the parcel at 26 Indian Creek Island Road. Brady retired from the NFL for the second and final time this year. They paid $17 million for the almost 2-acre beachfront property through an LLC run by officials of Fontainebleau Development. Developer Jeff Soffer, owner of Fontainebleau Development, and Brady are close friends.
In order to start development on the land, Fontainebleau Development submitted two notices of commencement in 2021. According to the documents, Brady intends to build a two-story residence with a security building, gym, cabana, pool, sport court, emergency generator, and more.
Brady obtained the loan from JPMorgan Chase using a covert LLC. According to the mortgage records, the initial lender was San Francisco-based First Republic Bank. First Republic was taken up by the Federal Deposit Insurance Corp. in May and sold to JPMorgan Chase. It was the second-largest bank failure in American history.
Brady’s loan has a starting 8.25 percent yearly interest rate while it is being built. When it expires in June 2025, the borrower will probably refinance.
In South Florida, Brady and Bündchen intend to co-parent their children after announcing their divorce last year. They lived close in a four-bedroom, 4,300 square foot lakefront property at 29 Indian Creek Island Road before getting divorced. Brady then signed a lease for an opulent condo at the Surfside Fendi Château Residences project.
We’re not too far from Bündchen. Records reveal that in October, she paid $11.5 million via a trust for a seaside demolition at 1400 Biscaya Drive in Surfside. Brady is building a mansion on Indian Creek across the lake from the 6,600-square-foot home, which was completed in 1981 on a 0.4-acre property.
Billionaires Ivanka Trump and Jared Kushner, who spent $24 million two years ago to purchase a waterfront property on the island, billionaire Carl Icahn, billionaire hedge funder Eddie Lampert, Taubco CEO Irwin Tauber, billionaire Hotels.com co-founder Bob Diener, and billionaire IndiGo airline co-founder Rakesh Gangwal also reside in the small, gated community of Indian Creek.
Related Group Secures 18,000 Square Foot Lot in Edgewater for Development
Leading developer Related Group has purchased an 18,000-square-foot land piece in Edgewater, Miami, consisting of three adjacent sites in collaboration with Alex Karakhanian of LNDMRK.
The homes, which are located at 519, 525, and 535 Northeast 29th Street, are in a prime location and provide breathtaking views of Biscayne Bay as well as easy access to the MacArthur Bridge, which connects Edgewater to Miami Beach, and the I-195, which offers a direct route to Fort Lauderdale and Palm Beach. The majority of the undeveloped plot cost $12 million to buy.
According to the President of Related, Nick Perez, “Related identified the growth potential of Edgewater years ago, when we delivered the transformational, four-tower Paraiso Bay community along with Edgewater’s first five-star waterfront restaurant, Amara at Paraiso.
Edgewater offers it all- prime waterfront views, world-class culinary offerings, and easy access to other key hubs, from the Design District to Miami Beach. This newest acquisition is another step forward in our efforts to solidify the area as a true hot spot.”
The site’s particular development plans are still a secret. The land, according to public records, is designated T6-36-A, which allows for the building of up to 36 floors and 150 units per acre. About 60 units might be created within the permitted parameters without the need for further bonuses.
Joel Rodriguez and Alex Suarez of Global Investment Realty served as the deal’s brokers, and PPD Edgewater LLC, run by Esteban Koffsman, was the seller. A well-known real estate firm called LNDMRK Development focuses on finding, acquiring, and building commercial, residential, and mixed-use developments all across the Southeastern United States. Along with The Dorsey and Nomad Residences Wynwood, both of which are in Wynwood, Related and LNDMRK are actively looking for more joint venture options throughout South Florida.
Museum of Ice Cream to Open at Miami Worldcenter
In 2024, Miami Worldcenter will welcome the permanent opening of the Museum of Ice Cream. The new facility will be more than 14,000 square feet on two levels, with an entrance on the pedestrian promenade of Worldcenter.
The Museum of Ice Cream will feature 10 interactive installations that are inspired by Miami including, MOIC’s sprinkle pool, the Hall of Freezers, Mary-E’s Diner, and the Cream Liner.
There will also be 5 stations where guests can taste sweets during the 60-90 interactive tour
The art installation was originally open in 2017 at Faena Miami Beach for as a temporary location for 2 months but was so popular, they kept the installation up for 6 months.
Museum of Ice Cream is located at Miami Worldcenter at 851 NE 1st Avenue, Unit 134, Miami.
Miami Worldcenter is a $6 billion mixed-use complex in downtown Miami, which is spread across 27 acres and ten city blocks and includes retail, hospitality, business, and residential areas, is one of the biggest private urban real estate developments in the United States. Three residential buildings, a sizable chunk of the retail area, and a recently built CitizenM hotel are among the project’s phases that have already been finished and are occupied.
Mediterranean Masterpiece For Sale in Davie Florida for $3.25 Million
Welcome to an extraordinary Mediterranean-style masterpiece in the prestigious Davie, Florida. Exuding unparalleled grandeur with 6 Beds, 5.5 Baths, soaring 23-ft-high ceilings, 40-foot-long saltwater pool this 12-acre home offers privacy, renowned schools, and seamless indoor-outdoor entertainment.
Located at 15510 SW 38th Court, the interior boasts bespoke furnishings, exquisite lighting, and a serene ambiance meticulously curated by Restoration Hardware. The use of oak wood, forged iron, and a natural color palette creates a serene ambiance emanating timeless elegance.
Advanced technology, Lutron Palladium window treatments, Sonos wired system, and solar panels w112 consumption offset provide convenience sustainability. Embrace luxury living where spaciousness and curated design converge harmoniously.
Davie is located 24 miles north of Miami, in Broward County, Florida. The town had 110,320 residents as of the 2020 census, making it the largest municipality in Florida in terms of population. The population of the Miami metropolitan region, which includes Davie, was projected at 6,198,782. The town is renowned for its close proximity to major cities and Western-themed architecture. The Miami Dolphins and Florida Panthers call it home.
If you or someone you know have an interest in purchasing this estate in Davie, Florida, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
For floor plans, videos, and more information, click here.
New Tower Proposed in Miami-Clear Residences
Clear Residences, a 52-story tower proposal is now being examined by the Miami Planning and Development Department. Located at 130 SE 1st Street, the site itself sits on 0.55 acres or 23,750 square feet, with the current site now being used as parking.
The proposal with a letter of intent was submitted to the review board in December 2022 with Clear Residences featuring 545 residential units, 4,190 square feet of ground floor retail, and 199 parking spaces.
The tower would rise 694 feet tall with Kobi Karp listed as the architect.
The developer is listed as Clear Communities Miami North Limited Partnership, and Bercow Radell Fernandez Larkin & Tapanes is their legal counsel during the approval procedure.
Joseph R. Colletti is listed as the officer for Clear Communities Miami North Limited. Clear Communities originally purchased the site in 2019 for $18 million while obtaining a mortgage for $10 million through the Pacific National Bank in Miami. The price equaled $756 per square foot.
According to the site’s T6-80-O zoning, an 80-story tower could be built there, requiring Federal Aviation Administration height approval.
Exclusive Private Terminal Coming to Miami International Airport
Miami International Airport has been chosen by the exclusive private terminal service PS for expansion from its original location at LAX. The historic former PanAm headquarters will house the airport’s first private, opulent terminal for commercial flights, which is scheduled to open in 2025.
From hubs like Atlanta and Dallas-Fort Worth, PS is a first-of-its-kind, premium travel service. When it opens, PS MIA will provide members and visitors with improved privacy, security, efficiency, and luxury amenities in a quiet haven.
In addition to Private Suites with private balconies and a landscaped courtyard for soaking up a few last moments of Miami sunshine, the terminal will feature an elevated lounge experience called The Salon.
PS MIA members and guests will be escorted through on-site TSA screening after unwinding at the posh new terminal before being chauffeured to their commercial flights at any of MIA’s concourses. They will use the jet bridge stairs to ascend the plane directly from the tarmac. The entire experience, from tarmac pickup to airport departure, will be offered to MIA arrivals.
Other benefits include complimentary parking, spa showers and services, car washes, and amenities for kids and pets. These benefits vary depending on your membership level.
Similar to mid-century terminal rehabs like the recently finished TWA Hotel at New York’s JFK Airport, PS MIA will breathe new life into Miami’s former Pan American Regional Headquarters, located at Building 874 across the airfield off 36th Street. Richard Heisenbottle, a renowned architect and Florida preservationist, will oversee the restoration while keeping Art Deco accents and 1960s nods throughout.
The cost of membership has not yet been disclosed for PS MIA, although rates for the LAX location’s Salon and Private Suites begin at $1,250 annually and $4,650 for up to four guests. The PS experience is available to non-members for $4,650 for up to four guests (Private Suite) or $995 per person (Salon).
It is reported that PS MIA would bring in $16 million for the County over the course of the initial 20-year contract.
Lofty Developers Announce Partnership YUPIX Technology for Meta-Reality Tours
Developer for Lofty Brickell, Newgard announced their collaboration with the immersive technology company YUPIX to provide meta-reality tours of the new construction tower.
YUPIX assists in smarter real estate marketing and sales. It is driven by cutting-edge software technology, including Artificial Intelligence, which creates experiences that are incredibly lifelike. Insightful recommendations that evolve over time based on user feedback are seamlessly combined with the social power of an unrivaled Meta-RealityTM experience.
Participants can actually feel as though they are strolling through the penthouses and opulent amenity spaces of LOFTY and soaking in the breathtaking views of the building from various vantage points thanks to the innovative technology.
According to the CEO of Newgard Development Group Harvey Hernandez, “We always strive to push boundaries and redefine what is possible through our developments. Partnering with YUPIX accomplishes that and showcases LOFTY in a new and innovative way. The LOFTY team cannot wait to welcome our buyers to the LOFTY metaverse.”
The 362-unit LOFTY, designed by Arquitectonica, has 40,000 square feet of thoughtfully chosen amenities, including a private marina, a members-only social club, resort pool deck, and fitness center, indoor/outdoor cigar lounge, co-working lounge, and meeting rooms, along with 309 tower residences, including studio, one-, and two-bedroom units.
The 53-unit Penthouse Collection at LOFTY features roomy two-, three-, and three-bedroom plus den apartments that have been carefully selected and will be outfitted by renowned design firm Artefacto. Penthouses range from $1.95 million to $3.5+ million.
A 5-star alternative for the owner and traveler who might choose to stay and own differently but does not want to give up the services and amenities of a hotel, LOFTY is the next evolution of condo ownership, located just across from Brickell City Centre. Each home will be delivered finished and furnished, and short-term rentals are allowed under professional supervision.
The skyscraper will have the first-ever collection of NFT artwork created just for condo owners, incorporating digital art into the design of the new residential structure and giving ownership of a unique NFT to each unit owner upon closing.
The 44 levels of upscale interiors at LOFTY were designed by INC, the multi-disciplinary INC Studio. The landscape designer is Urban Robot Associates.
The 44-story luxury condominium located at 99 SW Seventh St, Miami is now under construction on the Miami River. The new partnership with YUPIX is expected to boost interest in LOFTY even further.
If you or someone you know have an interest in purchasing at LOFTY, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Ora By Casa Tua Development and Construction Update
An Urban Development Review Board hearing about the construction of the 76-story tower at 1210 Brickell Avenue, Ora By Casa Tua for May 17, 2023.
The ORA’s design was created by the internationally renowned and award-winning architecture firm Arquitectonica. The company drew inspiration from today’s constantly changing culture to design numerous outdoor levels at ORA that connect to nature and the environment, with the goal of allowing visitors to enjoy and experience the city of Miami from a unique angle.
The interiors of the residential and amenity areas are being designed by m2atelier, a company founded by Marco Bonelli and Marijana Radovic and renowned for its personalized approach.
Residences at ORA will start at $800,000 and range from 500 square-foot studio homes to 2,400 square-foot, four-bedroom fully furnished residences that will be ready for immediate listing as short-term, seasonal, or long-term rentals.
Edgardo Defortuna, the creator of Fortune International Group, is a pioneer in real estate development, financing, construction management, sales, and marketing. In addition to others, they are currently building the Nexo Residences in North Miami Beach, The Ritz-Carlton Residences in Pompano Beach, and the St. Regis Residences in Sunny Isles Beach. They most recently built The Ritz Carlton Residences Sunny Isles Beach and the renowned Jade Signature, designed by Herzog & de Mueron.
If you or someone you know have an interest in purchasing at ORA at Casa Tua, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Two Miami Restaurants Added to the Michelin Guide 2023
Two additional Miami restaurants have recently been included in the Michelin Guide’s 2023 edition including Rosie’s in Little River and Jaguar Sun in downtown Miami. The two restaurants were chosen as “Bib Gourmand” restaurants.
The certification indicates that the restaurants are “approachable in terms of price and atmosphere,” according to Gwendal Poullennec, International Director of the Michelin Guides.
Rosie’s, a restaurant that serves Southern food and prime brunch favorites includes fluffy banana pancakes with vanilla custard, deviled eggs with chicharrones, and biscuits in guanciale sauce. Larger appetites can be satisfied with heartier dishes like fried hot chicken and waffles or a hearty serving of fried fish and grits with collard greens.
Jaguar Sun is a popular restaurant noted for its homemade pasta and drinks and is situated in the downtown Miami Alea building. Warm Parker House buns and towering Caesar salads serve as the prelude to dishes like spicy strozzapreti with plump mussels, ‘nduja, and breadcrumbs or umami-packed mushroom tagliatelle.
Other Miami restaurants are on the list and include Brasserie Laurel, Fiola Miami, Lido, Lion & the Rambler, Tambourine Room by Tristan Brandt, The Gibson Room, and Walrus Rodeo.
The news was released ahead of the Michelin Guide Ceremony for 2023, which will be held on May 11 at LoanDepot Park in Miami. When the Michelin Guide Ceremony was first in Miami in 2022, 19 local eateries were named Bib Gourmands, and 11 Miami restaurants received Michelin stars.
