Fortune International Group Secures Pre-Development Loan for ORA by Casa Tua in Brickell

Fortune International Group, a prominent Miami-based developer, has made a bold move by acquiring a prime 46,373-square-foot site at 1210 Brickell Ave in the heart of Brickell. This acquisition is a crucial milestone for the ORA by Casa Tua project, further supported by a substantial $36,080,000 pre-development loan from Amerant Bank. The project, set to redefine luxury living in Miami, is now on track for its groundbreaking in 2025.

The site was purchased from Miami-based Patagonian Investment Internacional LLC, and the developer is now gearing up for the construction phase, with groundbreaking expected to commence in 2025.

ORA by Casa Tua is set to be a landmark development in Miami, standing at 77 stories and approximately 930 feet tall. The building, designed by Arquitectonica with interiors by m2atelier, will feature 533 fully furnished residences available for short-term rentals. This ambitious project aims to embody Miami’s dynamic and evolving spirit, establishing itself as a prime destination in the city.

The development will also include approximately 25,000 square feet dedicated to Casa Tua’s four new restaurant concepts. Additionally, it will feature creative workspaces with private office spaces, conference rooms, content creation rooms, bar lounges, and outdoor seating areas.

Edgardo Defortuna, President, CEO, and founder of Fortune International Group, expressed his excitement about the project: “The acquisition of the site and loan closing are principal steps that mark an exciting beginning for ORA by Casa Tua’s vision to take shape. We are eager for Miami’s community to sense the anticipation and witness the project come to life.”

ORA by Casa Tua promises a range of luxurious amenities, including a second pool on the 12th floor with a sun shelf, loungers, cabanas, a jacuzzi, a show kitchen, a private event space, and lush landscaping. Residents will also enjoy an entertainment lounge, a two-floor fitness and wellness center with a hammam and couples treatment rooms, and a unique three-story open sky garden.

The residences will range from 500-square-foot studios to 2,400-square-foot four-bedroom units, all fully furnished and ready for immediate listing as short-term, seasonal, or long-term rentals. These units will offer stunning panoramic views of Brickell, Biscayne Bay, and Coconut Grove, featuring ten-foot ceilings with floor-to-ceiling windows and curated window treatments. The Italian-designed kitchens will be equipped with top-tier appliances, and the Italian-designed baths will include imported fixtures. Additionally, the residences will be outfitted with smart home technology and spacious walk-in closets.

Casa Tua, founded by Miky and Leticia Grendene, opened its flagship Miami Beach location in 2001. It quickly became known as a welcoming place for friends, family, and guests from around the world to celebrate life. Pioneering the members club concept in Miami, Casa Tua blends art, entertainment, and fine dining with a signature Italian style. Over the years, it has expanded to Aspen and Paris, with a New York City location opening in 2023. The brand also launched Casa Tua Cucina in partnership with Richard Baker and Saks Fifth Avenue, an award-winning Italian open kitchen concept located in Miami’s Brickell City Centre.

ORA by Casa Tua is poised to add to this legacy, offering a unique blend of luxury living and innovative design that reflects the vibrant spirit of Miami. As the project progresses, it will undoubtedly become a cornerstone of the Brickell skyline and a testament to Fortune International Group’s vision and commitment to excellence.

Shoma Group Breaks Ground on Shoma Bay in North Bay Village Miami

Shoma Group has officially commenced construction on Shoma Bay, an ambitious residential project located in the picturesque waterfront community of North Bay Village, Florida. This groundbreaking event marks a significant milestone for the area, which has seen little development over the past decade. Launched in September 2022, Shoma Bay has quickly established itself as the benchmark for future residential projects in the region.

Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, recognized the island’s untapped potential early on. His vision to transform North Bay Village into a luxurious residential haven is now becoming a reality with Shoma Bay being the first major development to capitalize on the area’s evolution.

Shoma Bay will feature 333 luxury residences, including a variety of meticulously designed floor plans that range from furnished studios to expansive three-bedroom units, with sizes spanning from 344 to 2,700 square feet. The project will also include 10 penthouses, one of which will be the home of Masoud and Stephanie Shojaee, President of Shoma Group. Prices for the available units start at $750,000, with ISG World serving as the exclusive sales team for the development.

Each residence will be thoughtfully crafted to optimize comfort and functionality, with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos. The building will blend classic art-deco elements with contemporary aesthetics, catering to individuals seeking a holistic approach to living that seamlessly integrates work, wellness, and leisure.

The penthouses at Shoma Bay will offer unique, high-end finishes. Kitchens will be outfitted with the exclusive Gaggenau Appliance Collection, including a French Door Panel-Ready Refrigerator and Freezer, a Panel-Ready dishwasher, a Wall Oven, and an Induction Cooktop. Bathrooms will feature the exclusive Armani Bathroom Collection, including a Frameless Rain Shower and a Designer Soaking Tub in select units.

Shoma Bay is set to redefine luxury living with its array of world-class amenities. Residents will have access to a resident lounge and bar, a spa with a hammam, a golf simulator, a two-story state-of-the-art fitness center, a pet spa, a kids club, a theater room, a wine cellar, a cigar lounge, and a Zen Garden with fire pits. The development’s centerpiece will be the expansive 6,030-square-foot pool deck, offering panoramic views of Biscayne Bay, complete with a pool, cabanas, and a summer kitchen. Additional conveniences include designated parking, electric vehicle charging stations, a bike room, storage spaces, and a grocery delivery room.

Moreover, Shoma Bay will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space, which includes a rooftop lounge. This integration of retail and residential spaces aims to enhance the community living experience by providing residents with easy access to daily necessities and leisure activities.

“We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village,” said Stephanie Shojaee. “At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle. From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay, we have curated a collection of exceptional amenities that will elevate the living experience for our residents.”

Situated at 1850 John F. Kennedy Causeway, Shoma Bay boasts a prime location at the intersection of 79th Street Causeway and East Treasure Drive. This strategic position offers residents convenient access to major highways and a plethora of world-class dining, retail, and entertainment options available in South Florida. The project’s anticipated completion date is set for the end of 2026.

More Development Secures $76.81 Million Loan for SoWy: A Vibrant, Sustainable Mixed-Use Project in Miami

An international real estate company based in Miami and Nassau, Bahamas, More Development, has secured a significant $76.81 million loan for their latest venture, SoWy. This upcoming mixed-use development is set to transform the Wynwood and Overtown areas, situated north of Downtown Miami. The loan was announced by More Development President Whitney Thier and was provided by JP Morgan Chase.

The SoWy project spans nearly eight acres and includes 26 parcels across six blocks along 2nd Avenue, between NW 20th and 22nd Street. The site offers nearly 2.5 million base buildable square feet, even before considering the provisions of the Live Local Act. Initial plans for SoWy feature flexible and adaptable multi-use indoor and outdoor spaces, all housed within site-specific architectural buildings.

A key aspect of the SoWy development is its integration of residential spaces within a dynamic, creative environment, all while focusing on sustainability. More Development, which maintains an office within the SoWy site, is dedicated to respecting the unique cultural and artistic vibe of Wynwood and Overtown, ensuring seamless integration with the neighborhoods’ atmosphere.

Whitney Thier emphasized this commitment, stating, “More Development values artistry, craftsmanship, and history, and we were drawn to the soul and rich history of the area. With financing in place, we are ready to realize the initial phase of our plans to invigorate the neighborhood with a new vibrant environment where people can live, work, shop, dine, and play in a pedestrian-friendly and art-forward setting. We are eager to be a part of the community and are fully committed to preserving and enhancing the area’s distinctive character and contributing positively to its ongoing evolution. SoWy will build upon Wynwood and Overtown’s unique culture that attracts a diverse mix of residents of all ages and backgrounds.”

Wynwood is renowned for its vibrant street art, trendy galleries, and eclectic mix of shops and eateries. The neighborhood has experienced significant growth in recent years, with visitor numbers rising from 240,000 in 2013 to 15 million annually in 2023, according to the Wynwood Business Improvement District.

Overtown, on the other hand, is recognized for its historical significance and vibrant African-American heritage. Once known as the “Harlem of the South,” Overtown has been a cultural hub for music, arts, and community gatherings. The neighborhood is home to historic landmarks such as the Lyric Theater and hosts numerous cultural events celebrating its legacy.

More Development has a remarkable track record, having developed over seven million square feet of mixed-use property worldwide. The company is well-known for projects such as Baha Mar, a large resort in The Bahamas that includes three luxury hotels, 30 restaurants, bars, lounges, an 18-hole Jack Nicklaus-designed golf course, 10 swimming pools, a world-class spa, and the largest casino in the Caribbean. More recently, they completed Arev St. Tropez, a bespoke luxury hotel in the French Riviera, and are currently developing Mahogany Hill, a collection of luxury condominium residences in Nassau, The Bahamas.

With the SoWy project, More Development is set to enhance the vibrant and culturally rich neighborhoods of Wynwood and Overtown. The project promises to create a new, dynamic environment that respects the unique character of these areas while offering modern, sustainable living spaces. As the development moves forward, it will undoubtedly contribute to the ongoing evolution and growth of Miami.

New Construction in Miami Beach-Ella Miami Beach

Following the announcement of 299 Minorca, an eight-story, mixed-use venture, the Constellation Group and Boschetti Group have unveiled their next ambitious project: Ella Miami Beach. This upcoming residential tower promises to bring a new level of luxury and modern living to Miami Beach.

Ella Miami Beach is set to be a 10-story residential tower featuring 95 condominiums. Ella Miami Beach will offer a variety of living spaces, ranging from studio to two-bedroom layout plans, with unit sizes spanning from 434 to 1,076 square feet.

Residents of Ella Miami Beach will enjoy a plethora of amenities designed to enhance their living experience. The homes will feature expansive outdoor terraces, plank-style flooring, and various high-end finishes that provide a touch of elegance and comfort.

Amenities:

• A rooftop swimming pool
• A pickleball court
• A fitness center
• Additional offerings to cater to a modern lifestyle

These features are sure to provide residents with ample opportunities for recreation and relaxation. Condo sales for Ella Miami Beach began in June 2023, and the development has already seen significant interest, with 36 percent of the units sold. Although construction has not yet started, the project’s website anticipates completion by the first quarter of 2026.

Ella Miami Beach is not just about residential living; it will also include 2,200 square feet of retail space, adding convenience and vibrancy to the area. The high-rise has been designed by the internationally renowned, Miami-based firm Arquitectonica, ensuring a striking and modern architectural presence.

The developers purchased the 25,000-square-foot parcel for Ella Miami Beach in February 2023 for $5.5 million. The site is located at 6940 Abbott Ave, Miami Beach, FL, 33141, in the vibrant Miami-Dade County.

Ella Miami Beach is set to become a landmark of luxury and modern living in Miami Beach. With its high-end amenities, stunning design, and prime location, it offers a promising new option for residents seeking the best in Miami Beach living. Stay tuned for more updates as this exciting project progresses towards its anticipated completion in early 2026.

Solana: Juvia Group’s New Rooftop Culinary Experience at The Standard Residences, Midtown Miami

Midtown Miami, where innovation meets sophistication, a new culinary gem is poised to grace the skyline. The collaboration between Rosso Development, Standard International, Midtown Development, and the esteemed Juvia Group heralds the arrival of Solana, a rooftop restaurant and bar concept set to open at The Standard Residences Midtown Miami.

Carlos Rosso, the visionary founder and CEO of Rosso Development, expressed his excitement about the partnership, stating, “Jonas and the Juvia team are the perfect addition to The Standard Residences family.” This sentiment is echoed by Jonas Millán, co-founder of the Juvia Group, who eagerly anticipates bringing their vibrant European concept to this dynamic location.

Juvia Group’s reputation precedes them, known for their vibrant cuisine, innovative cocktails, and exceptional dining experiences set against stunning outdoor backdrops. Solana, spanning approximately 6,000 square feet atop the lush rooftop of The Standard Residences, promises to enchant guests with its relaxed yet sophisticated atmosphere.

Inspired by Riviera Cuisine, Solana will offer a diverse menu that tantalizes the taste buds, complemented by signature cocktails such as the tantalizing ‘Bonito Bubbling’. Designed by the visionary AD100 architect Manuel Clavel Rojo, the space will seamlessly integrate with The Standard’s renowned vibe, promising an unforgettable experience for patrons.

Manuel Clavel Rojo, Principal of Manuel Clavel Arquitectos, expressed his enthusiasm for the project, emphasizing the iconic status Solana is poised to achieve in Miami’s skyline. The design draws inspiration from the timeless elegance of Tropical architecture, paying homage to the city’s rich cultural heritage.

Located at 3100 N.E. 1st Ave, The Standard Residences epitomize luxury living in one of Miami’s most connected and walkable neighborhoods. Boasting meticulously curated interiors and an array of community-minded amenities, including a lobby, Rosetta Bakery Café & Privato Speakeasy, and health and wellness facilities, The Standard Residences redefine urban living.

With completion slated for 2025, The Standard Residences, Midtown Miami, is already 95% pre-sold, a testament to the allure of this exceptional development.

As anticipation builds and construction progresses, Solana stands as a beacon of culinary excellence, poised to elevate Miami’s dining scene to new heights. Whether indulging in a leisurely meal or sipping cocktails against the backdrop of the city skyline, Solana promises an experience that transcends the ordinary—a celebration of flavor, ambiance, and community.

Exploring the Future: Miami Beach’s Mixed-Use Project Proposal

Miami Beach, renowned for its vibrant culture and stunning beaches, is often a hub for innovative urban development. Recently, the city’s Planning Board has been abuzz with anticipation as they prepare to review a groundbreaking proposal: a five-story, mixed-use project set to transform a familiar landscape.

At the heart of this proposal lies a 30,000-square-foot site, currently serving as a parking lot for the adjacent CVS. However, if approved, this space will soon undergo a dramatic metamorphosis into a 60,000-square-foot marvel of modern architecture.

The project’s focal point will be the introduction of 38,805 square feet of office space, comprising a significant 64.7% of the total area. Complementing this commercial aspect will be 77 parking spots and 3,900 square feet dedicated to commercial use, promising a dynamic blend of work and leisure within the bustling cityscape.

The proposal also envisions a residential component, adding a touch of urban living to the mix. Eighteen townhomes, each spanning 1,980 square feet, will grace the landscape, accompanied by a charming 564-square-foot rooftop amenity deck. Positioned on the lower two floors, these residences will coexist harmoniously with the commercial spaces above, creating a vibrant community within the city’s fabric.

However, the project’s scope extends beyond mere construction – it seeks to honor the city’s rich history while embracing the future. 7410 LLC, the developer spearheading this endeavor, plans to breathe new life into the iconic CVS building, a relic from the 1950s. This revitalization effort will retain the building’s historical significance, preserving its original components for future generations to admire.

The CVS redevelopment is not just about aesthetics; it’s a testament to responsible urban planning. In addition to the 18 residences, the revamped building will offer 25 parking spots, over 8,300 square feet of retail space, and a rooftop pool, transforming it into a multifaceted destination for residents and visitors alike.

One of the most intriguing aspects of this proposal is its commitment to sustainability and preservation. By repurposing existing structures and incorporating green initiatives, the project aims to minimize its environmental footprint while maximizing its impact on the community.

Located at 7401 to 7425 Harding Ave in Miami Beach, FL, 33141, in Miami-Dade County, this ambitious venture represents a bold step towards the future of urban living. As the city’s Planning Board convenes to evaluate this proposal, all eyes are on Miami Beach, eager to witness the evolution of its iconic skyline.

Miami Beach’s mixed-use project proposal embodies the spirit of innovation and revitalization, promising to redefine urban living in the heart of this vibrant city. With its blend of commercial, residential, and historical elements, it stands as a testament to Miami Beach’s commitment to progress while honoring its rich heritage. As the project moves forward, it is poised to leave an indelible mark on the city’s landscape, shaping its future for generations to come.

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.

French Moroccan Supper Club to Open in Miami in Late Summer 2024-Habibi Miami

In a city known for its vibrant culture and eclectic culinary scene, a new player is set to make waves on the Miami River come late summer. Habibi Miami, a sumptuous French Moroccan supper club, is the brainchild of hospitality mogul Roman Jones, who has enlisted Ikam Rebaia to lead the project, with Aris Nanos orchestrating operations. Together, they’re crafting an oasis that promises to transport guests to the enchanting shores of the French Moroccan Riviera, offering tantalizing bites, handcrafted cocktails, and an ambiance straight out of a Wes Anderson fever dream.

Drawing inspiration from the intricate beauty of Moorish architecture, Habibi Miami promises to be a visual spectacle, a veritable immersion into the rich tapestry of Maghrebi culture. Under the guidance of Creative Director Mark Lehmkuhl from Ghosthouse Design Group and Love Lake Studios, the venue will be transformed into a whimsical retro retreat, with hues of pink and teal reminiscent of a bygone Tangier era. Set within a tent-like structure reminiscent of opulent riads, Habibi Miami invites patrons on a sensory journey, evoking the vibrant spirit and timeless traditions of French Morocco.

From the moment guests step onto the 30-foot-long red carpet entrance adorned with Alhambra design elements, they’ll be enveloped in an atmosphere of opulence. Inside, crystal chandeliers, Turkish rugs, velvet booths, and silk draperies set the stage for an unforgettable dining experience. With a seating capacity of 200, the restaurant will also boast an outdoor patio for sunset soirées, alongside a bar adorned with hookahs offering bespoke tableside hookah service. And to elevate the evening, nightly performances by belly dancers, contortionists, and percussionists will transform the space into a captivating theater of nightlife.

The menu encompasses a variety of tasty continental and Middle Eastern shareable dishes like Merguez Pigs in a Blanket, Whole Roasted Cauliflower with Charred Wild Mushrooms, and Lemon Roasted Chicken with Herbed Yogurt. Comfort food lovers will rejoice at Wagyu Burger Sliders and Miso-Honey Glazed Sea Bass Skewers, while sushi aficionados will find delight in the selection of rolls. Tableside dessert carts will offer indulgent treats like ice cream with Turkish mastic and Halva cheesecake.

Drawing from North African and Mediterranean influences, the bar team will showcase exotic ingredients and innovative techniques, such as fat washing – the process of toasting seeds to pull out their oils and infusing them in spirits overnight – to craft signature cocktails like the “Ali” Fashioned and the Moroccan Margarita—a perfect complement to the eclectic menu.

Habibi Miami is slated to open its doors in the summer of 2024, and is located at 452 Northwest North River Drive, Miami, FL. Stay tuned for more updates and prepare to be whisked away to the French Moroccan Riviera right in the heart of Miami.

Wynwood Welcomes Major Retail Expansion with Prominent Developers

In a significant move for the Wynwood Art District’s commercial landscape, a trio of influential development firms—Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian, and Tricera Capital led by Ben Mandell—has jointly acquired 32,000 square feet of prime ground-floor retail space at the Society Wynwood complex. The deal, valued at $22.5 million, marks a pivotal development in one of Miami’s most vibrant neighborhoods.

Prior to the closing, Tricera and LNDMRK had already signed four major leases, securing tenants for approximately 50% of the available space. This proactive leasing strategy brought in a diverse mix of businesses, including Starbucks, Nacho Daddy, Chama De Fogo Brazilian Steakhouse, and I Scream Gelato. These brands are not just filling space; they are set to enhance the local flavor and economic vitality of Wynwood.

The property, developed by Property Markets Group (PMG) and Greybrook, is situated at 2431 NW Second Ave., right in the heart of the Wynwood Art District. This location is pivotal, standing directly across from the iconic Wynwood Walls. “Wynwood’s growth over the last decade has been tremendous, and our team is excited to continue to play a role in elevating the community,” said Ben Mandell, CEO of Tricera Capital.

Alex Karakhanian of LNDMRK Development also shared his enthusiasm for the project: “We are excited to partner with Tricera and Lion on this transformative acquisition. The retail is situated in the core of the district, and continues to attract premium tenants that want to be part of this vibrant community.”

The retail portion of Society Wynwood, along with its nearly 300 modern residential units and private parking garage, positions the building as a premier destination within the district. This integration of living, leisure, and work space reflects the ongoing transformation of Wynwood into a dynamic urban neighborhood where culture and commerce meet.

With successful leasing already underway and more announcements expected soon, the new ownership is poised to continue its momentum. The addition of high-profile tenants like Starbucks, which will occupy approximately 2,600 square feet, and the unique dining experiences offered by Nacho Daddy, Chama De Fogo, and I Scream Gelato, Society Wynwood is set to become a key player in the area’s ongoing development.