600 Miami Worldcenter Sells Out Before Groundbeaking
Miami’s skyline is poised for a dramatic transformation with the upcoming groundbreaking of the 32-story tower at Miami Worldcenter. This highly anticipated development, spearheaded by Merrimac Ventures and Aria Development Group, has already made waves in the real estate market by preselling all its units. With a robust $95 million construction loan secured from Banco Inbursa, the project dubbed 600 Miami Worldcenter is on track to redefine luxury living in downtown Miami.
The 600 Miami Worldcenter project represents a significant milestone in urban development, blending luxury living with the convenience of downtown accessibility. Nitin Motwani, Managing Partner of Merrimac Ventures, shared his enthusiasm for the project, stating, “600 Miami Worldcenter has been one of our most anticipated and fastest-selling developments, which was appealing for our lenders at Banco Inbursa.” This sentiment underscores the project’s appeal not only to potential residents but also to financial partners who see the value in investing in Miami’s future.
The allure of 600 Miami Worldcenter has reached international proportions, attracting buyers from the U.S., Colombia, Turkey, and Argentina. This diverse buyer profile highlights Miami’s global appeal as a destination for luxury living and investment. The tower’s units, which are being delivered fully finished and furnished, cater to a modern lifestyle that values convenience, quality, and flexibility. Furthermore, the allowance for short-term rentals opens up opportunities for owners to generate income, making it an attractive proposition for investors and residents alike.
600 Miami Worldcenter is not alone in its success or its offerings. The neighborhood is witnessing a surge in developments that allow short-term rentals, a trend that speaks to the evolving demands of the real estate market. Nearby towers such as The Crosby Miami Worldcenter, with 450 condos, and 501 First, boasting 476 condos, have also sold out. These developments, situated within proximity to 600 Miami Worldcenter, underscore the area’s desirability and the growing trend towards flexible living arrangements in urban centers.
With groundbreaking on the horizon and completion expected in 2026, 600 Miami Worldcenter is set to become a landmark in Miami’s bustling downtown area. This project not only signifies a leap forward in urban living but also marks a significant investment in the city’s future. As Miami continues to attract attention on the global stage, developments like 600 Miami Worldcenter play a crucial role in shaping the city’s identity as a hub for luxury, innovation, and cosmopolitan living.
Discover the Future of Urban Living at The Standard Residences, Midtown Miami
Welcome to the future of urban living! The Standard Residences in Midtown Miami, a highly anticipated boutique building, is making significant strides in its construction. With 90% of its units already pre-sold, this development is a testament to the allure of modern living in one of Miami’s most vibrant neighborhoods.
Nestled at 3100 Northeast 1st Avenue, The Standard Residences stands proudly in the heart of Midtown Miami, a neighborhood celebrated for its exceptional connectivity and walkability. This strategic location places residents between the artistic hubs of The Design District and Wynwood. Adding to the convenience, the development is directly opposite the newly opened Trader Joe’s and The Shops at Midtown, offering a plethora of food, beverage, and retail options right at your doorstep.
The project is a collaborative effort between Rosso Development, Standard International, and Midtown Development. These industry leaders have joined forces with top professionals to bring this vision to life. The architecture, crafted by the globally renowned Arquitectonica, is complemented by interior designs from Urban Robot and The Standard’s in-house team, and landscaping by Naturalficial. The master permit, a significant milestone, was issued recently, marking a pivotal moment in the project’s timeline.
The Standard Residences is not just a place to live; it’s a lifestyle. The residences range from cozy studios to spacious two-bedroom layouts, each designed with a blend of style and functionality. Features include light wood plank tile flooring, gourmet kitchens with Italian cabinetry and Bosch appliances, and luxurious bathrooms. The concept of flexible living is at the forefront, allowing owners to lease their units for short terms.
The development is designed with a focus on community and social engagement. Amenities include a grand lobby, café, outdoor terrace, and a rooftop that boasts a 60-foot sunset pool, a signature restaurant, and a bar. Health and wellness are catered for with an indoor pickleball court, a state-of-the-art fitness center, an infrared sauna, and yoga studios. The social floor offers a karaoke bar, screening room, co-working spaces, and more.
With completion expected by the end of 2024, The Standard Residences, Midtown Miami, is a beacon of modern urban living. Limited units are still available, exclusively marketed by Douglas Elliman Development Marketing. Don’t miss your chance to be a part of this extraordinary community. Visit our website [insert website link] for more information and to become a part of Miami’s most exciting new development.
Key International and Sterling Bay Partner to Develop Innovative Office Tower in Miami’s Brickell Neighborhood
In a move set to redefine the workplace experience in Miami’s bustling Brickell neighborhood, Key International has announced its partnership with Sterling Bay, a renowned real estate development firm. Led by Diego and Inigo Ardid, Key International is set to join forces with Sterling Bay to develop the impressive 848 Brickell project. This 761-foot-tall Class A creative office and retail tower, located at the heart of Miami’s Financial District, promises to be a game-changer in the city’s commercial landscape.
Sterling Bay, known for its innovative approach to creating world-class office spaces, has an illustrious track record. The firm has consistently redefined the workplace experience through innovative design, amenities, and functionality. Sterling Bay’s portfolio boasts an impressive lineup of globally recognized tenants, including tech giant Google, fast-food giant McDonald’s, Dyson, WPP, Boston Consulting Group, and law firm Greenberg Traurig. With a pipeline of $20 billion in transformative urban campuses, Sterling Bay has reshaped entire communities and transformed how people perceive and engage with office spaces.
With over two decades of experience, Sterling Bay has partnered with global architecture and design leaders to create work environments that foster productivity, collaboration, and employee well-being. In 2019, Sterling Bay marked its entry into the Miami market with the completion of 545wyn, the first-ever Class A office building in Wynwood. This development triggered a commercial boom in Wynwood, attracting major tenants like Sony Music, PwC, MIAX, Gensler, and Slalom.
As Miami establishes itself as the nation’s new epicenter for commercial growth, Brickell has emerged as the hottest submarket for commercial office development. Sterling Bay’s CEO, Andy Gloor, acknowledges Brickell’s pivotal role in Miami’s business landscape. He anticipates that 848 Brickell will set new standards, seamlessly blending the Miami lifestyle with the workplace needs of its tenants.
Upon completion, 848 Brickell will offer over 750,000 square feet of Class-A office space, complemented by a curated ground-floor retail space spanning 7,500 square feet. The development will also feature on-site parking facilities capable of accommodating over 1,000 vehicles.
Designed by the globally renowned Skidmore, Owings, & Merrill (SOM), 848 Brickell will cater to the evolving needs of modern businesses and professionals. The tower will feature hospitality-inspired workplace amenities, including tech-enabled conference facilities, a luxury fitness center, and an expansive outdoor terrace. Lifestyle amenities like padel tennis courts and private open-air lounges will ensure that tenants enjoy a vibrant work-life balance. Moreover, the prime location offers breathtaking ocean and Brickell Avenue views and provides easy access to the neighborhood’s top dining, retail, and entertainment destinations.
The partnership between Key International and Sterling Bay to develop 848 Brickell is set to redefine Miami’s commercial landscape. With a focus on innovation, amenities, and functionality, this project promises to deliver the next generation of modern workspaces in South Florida. As Miami’s commercial epicenter, Brickell continues to evolve, and 848 Brickell is positioned to be a beacon of excellence that sets the bar higher for workplace environments in the city.
New Residential Tower Coming to Miami’s Health District
The Miami Health District is about to undergo a remarkable transformation with the ongoing construction permitting for an impressive residential tower. This exciting development, spearheaded by Congress Group in partnership with Peakhill Equity TS, Inc., promises to redefine urban living in the heart of the city. With its prime location, state-of-the-art features, and a commitment to sustainability, this project is poised to make waves in the Miami real estate scene.
The journey of this ambitious project began when the construction permit was filed in October 2023. Since then, it has undergone rigorous scrutiny and improvements. As of January 4, it has entered its second cycle of review, ensuring that every detail is meticulously examined to meet the highest standards.
One of the most exciting aspects of this development is the inclusion of 380 residential units.
The estimated hard construction cost for this project stands at an impressive $100,585,738, highlighting the substantial investment being made to bring this vision to life.
Moss & Associates, a renowned name in the construction industry, is listed as the contractor for this project.
In December 2022, the project was submitted for review by the Urban Development Review Board (UDRB). The UDRB filing revealed that the development will also feature an eight-level garage with a generous 590 parking spaces. This addition addresses the practical needs of residents and visitors alike, enhancing the overall convenience of the property.
Congress Group, in collaboration with Peakhill Equity TS, Inc., acquired the property in 2023. Their vision for this project demonstrates a deep understanding of Miami’s evolving real estate landscape and a commitment to creating a thriving community within the Health District.
The convenience of urban living is further enhanced by the tower’s location, as the Civic Center Metrorail station is a mere five-minute walk away. This easy access to public transportation connects residents to the entire city, making it an ideal choice for those seeking a dynamic and connected lifestyle.
Anticipation is building as the completion of this remarkable residential tower is planned for 2027. In just a few short years, residents and the Miami community as a whole will witness the grand unveiling of a modern urban oasis.
Breaking News: Miami’s Stunning Brickell Tower Set to Soar to New Heights
Miami’s iconic skyline is about to get a breathtaking addition, as plans were officially filed yesterday for a striking new tower in the vibrant Brickell neighborhood. The project, which is sure to turn heads and spark excitement, has undergone some remarkable changes since its initial proposal.
Initially, plans for the tower outlined an impressive 57-story structure soaring to 685 feet above ground. However, the newly filed plans have unveiled a surprising twist – the tower is now set to reach a soaring height of 856 feet, but with a slightly reduced number of floors, standing at 52 stories tall. This change in height promises to provide an even more captivating presence on the Miami skyline.
One of the most exciting aspects of this development is its residential offerings. The new filing reveals that the tower will feature 458 luxurious residential units, showcasing a slight reduction from the previous count of 464. Among these, 225 units will be thoughtfully designed studios, offering a blend of elegance and functionality. The tower promises to redefine urban living, offering its residents an unparalleled lifestyle in the heart of Miami.
What truly sets this Brickell tower apart is its versatility. The recent filing introduces two distinct options for the tower’s use:
Flexible Multi-Level Concert Hall: Imagine a state-of-the-art concert hall that can adapt to various performances and events. This option promises to become a cultural hub for the city, hosting everything from classical symphonies to contemporary music acts.
Multi-Story Retail Complex: Alternatively, the tower can house a multi-story retail complex capable of accommodating a department store or similar retail vendors. This option aims to offer an unrivaled shopping experience, making it a go-to destination for retail enthusiasts.
In response to the city’s evolving needs, the tower’s new plans include a substantial increase in parking spaces. The previous proposal featured 467 parking spaces, but the updated filing now boasts a generous 660 parking spaces. This move reflects the developer’s commitment to providing convenient and accessible amenities for both residents and visitors.
To bring this ambitious vision to life, Millennium Developments of Brickell LLC, the developer behind this project, is requesting a special exception under Miami-Dade’s Rapid Transit Zoning plan. This demonstrates their dedication to adhering to local regulations while delivering a project that will undoubtedly redefine Miami’s urban landscape.
The architectural prowess behind this stunning tower is none other than BMA Architects. Their expertise and innovative designs are set to transform the Brickell skyline, creating a landmark that seamlessly merges modernity with the city’s vibrant culture and lifestyle.
Miami’s Brickell neighborhood is on the cusp of witnessing a remarkable transformation, with a stunning tower that promises to redefine luxury living, entertainment, and retail experiences. As this development takes shape, it will undoubtedly become an iconic fixture on Miami’s skyline, drawing residents and visitors alike. Keep a close eye on this project as it unfolds, and be prepared to witness a new era of elegance and innovation in the Magic City. Stay tuned for more updates and insights on this exciting venture!
Demo Begins on Site For Ytech’s Luxury Condo Project 1428 Brickell
Miami’s skyline is about to get a whole lot more luxurious as Ytech, the renowned real estate development firm, embarks on an ambitious journey to transform the heart of Brickell Avenue. With the recent demolition of the existing structure at 1428 Brickell Avenue, the first step towards creating the magnificent 71-story luxury high-rise condominium, The Residences at 1428 Brickell, has been taken. This project is poised to redefine Miami’s real estate landscape, and here’s everything you need to know about this exciting development.
Ytech’s acquisition of the vacant property in January 2017 signaled a commitment to delivering unparalleled design, craftsmanship, and innovation to the Miami real estate market. According to Yamal Yidios, CEO of Ytech, “When we acquired the property at 1428 Brickell Avenue, we did so with the firm intent of delivering a level of design, craftsmanship, and meaningful innovation never before seen in Miami.”
The Residences at 1428 Brickell will offer a limited collection of residences, ranging from $2 million to $7 million. These two- to four-bedroom plus den homes span from 1,800 to 4,000 square feet and feature stunning water views. With a true flow-through configuration to maximize natural light, many of these residences have a two-story layout, providing the feel of a single-family home in the sky. The crown jewel of the tower is the $60 million penthouse, featuring 30-foot ceilings, 7 bedrooms, 9 bathrooms, and two east-facing balconies with breathtaking views of Biscayne Bay. Lower penthouses, starting from $8 million, range from 4,000 to 10,000 square feet.
What sets The Residences at 1428 Brickell apart is its dedication to providing residents with a luxurious lifestyle. The tower boasts over 80,000 square feet of amenities spread across three levels at 860 feet above the ground. Some highlights include a state-of-the-art gym, indoor/outdoor yoga room, rooftop pool, wine and fine art lounge, private dining room with a Vaselli kitchen, spa, children’s recreation and learning center, and much more. Personalized services such as reception, valet, porter, and in-unit package delivery are also part of the package.
Ytech’s commitment to excellence is evident in every aspect of the project. For the demolition phase, they’ve brought in experts from high-density urban cores like New York City to ensure precision and quality. John Breistol, COO of Ytech, stated, “Our standards demand only the best, so for demolition, we’ve tapped experts within high-density urban cores such as New York City to oversee and advise on this process.”
The Residences at 1428 Brickell has generated significant anticipation, with sales success reflecting the confidence in Ytech and the project itself. Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, remarked, “Ytech is cementing their well-deserved reputation as the premier ultra-luxury developer in Brickell, and the quality and thoughtful design of The Residences at 1428 Brickell resonates with domestic and international buyers.”
The project’s ambition is also evident in its vertical reach. Recent filings with the Federal Aviation Administration (FAA) indicate the installation of two exceptionally tall construction cranes, reaching 1,001 feet above ground level or 1,010 feet above sea level. Upon completion, the 71-story condo tower, standing at 861 feet, will become one of Miami’s tallest buildings, scheduled for completion in 2027.
As Ytech’s dream of The Residences at 1428 Brickell takes shape, Miami’s skyline is set to be graced by an architectural masterpiece. With a commitment to luxury, innovation, and precision, this project promises to redefine the standards of upscale living in the heart of Brickell. Stay tuned for updates as this iconic development continues to rise towards the Miami skies.
Coral Gables’ 4225 Ponce Development, a Class A+ Commercial and Retail Opportunity
Constellation Group, a distinguished commercial real estate investment and development firm based in Miami, in collaboration with The Boschetti Group, has successfully secured a substantial $33 million construction loan from Miami’s Banesco USA and Abanca. This funding is a strategic investment in the development of a Class A+ boutique office and retail complex at 4225 Ponce de Leon Boulevard, located in the heart of Coral Gables, South Florida’s City Beautiful and Merrick Park district. Renowned for its upscale shopping and entertainment, this area is a hub for economic growth and opportunity.
Eduardo Otaola, the Managing Principal at Constellation Group, highlighted the significance of this partnership and the potential of 4225 Ponce to introduce a unique, boutique-style Class A office environment to Coral Gables. This development is strategically positioned in a market that is currently experiencing limited supply, making it an attractive investment opportunity.
The project involves an eight-story building, spanning approximately 85,000 square feet between 4225 and 4311 Ponce de Leon. This venture is distinguished by its innovative design from the internationally acclaimed architectural firm, Arquitectonica. The luxury boutique-style Class A Office will feature 5,900 square feet of ground floor retail space, extensive parking facilities, 70,000 square feet of premium office space, and a rooftop food and beverage venue of 7,000 square feet, offering panoramic city views.
Amelia Rodriguez, Senior Vice President of Banesco USA, expressed optimism about the sustained economic growth in South Florida and the role of 4225 Ponce in enriching Coral Gables’ status as a prime business and cultural hub. This project aligns with Banesco USA’s vision of investing in innovative and dynamic projects, indicating a strong future for similar endeavors.
Monica Vasquez, General Manager at Abanca, emphasized the transformative nature of this collaboration, aimed at enhancing the urban, cultural, and economic landscape of Coral Gables. This development is a testament to Abanca’s commitment to supporting visionary and impactful projects.
Set to break ground in Q4 2023 and slated for completion in 2025, this project signifies a major revitalization initiative around Coral Gables’ Merrick Park district. It aims to elevate the business and consumer landscape of the area. Interior Architects, Inc. and Naturalificial will play crucial roles in designing the interior and landscape, ensuring a harmonious blend of nature and modernity.
Investors should note the project’s unique features, including four stories of Class A+ office space, a rooftop restaurant with city views, outdoor terraces, ground-floor retail spaces, and a 1,500-square-foot lounge. The addition of a covered pedestrian plaza and paseo with valet parking service is expected to enhance the appeal and functionality of the development, making it a lucrative investment opportunity in a thriving economic zone.
Mariners Bay Condo Set to Transform into a 20 Story Development
The Mariners Bay Condo, a familiar name for those who know the area, is set for a transformative makeover. Imagine a stunning 20-story building rising majestically, offering 267 units of luxurious living space. This unnamed development isn’t just a condo; it’s a lifestyle upgrade waiting to happen.
The proposed project will include 12 townhomes and a range of condos from one to three bedrooms. Development amenities include a fifth-floor swimming pool, a state-of-the-art fitness center, spa, children’s playroom and media room. The project also calls for 433 parking spaces.
Set to be located at 12000 N. Bayshore Drive, North Miami, Florida, 33181, this development promises an ideal balance of serene residential living and convenient access to Miami’s vibrant life. It’s a short drive from the beautiful Oleta State Park and just east of I-95.
Plans include revamping the 20-slip marina, adding yet another luxurious touch to this already promising development.
While the project awaits approval, it’s exciting to think about the potential transformation of the Mariners Bay Condo, a structure from the 1980s in need of significant repairs, into a modern haven.
Rosewood Hotel and Residences Reveals $150 Million Penthouse in South Beach
Rosewood Residences, a 17-story luxury condo tower in the heart of Miami’s South Beach, designed by renowned architect Peter Marino. This project includes a record-setting penthouse, poised to be Miami Beach’s most valuable property, with a valuation exceeding $150 million. Scheduled for completion in 2026, this asset represents a rare opportunity in one of the world’s most desirable real estate markets.
The development, a fusion of high-end hotel, restaurant, and residential spaces, spans three acres on 18th Street and Collins Avenue, incorporating the historic Raleigh Hotel. Managed by the prestigious Rosewood Hotels & Resorts, this project is designed to redefine luxury living, offering unparalleled amenities and exclusive experiences.
At $10 million for a three-bedroom residence, with larger and more exclusive units available, the condominium promises substantial returns. The project’s pricing strategy aligns with luxury real estate trends in major cities like New York. The unique location and high-end offerings of this development present a compelling value proposition for discerning investors.
In 2019, developer Michael Shvo, in partnership with Deutsche Finance Group, acquired and envisioned a transformative project for the iconic Raleigh Hotel and adjacent properties. Shvo’s vision, endorsed by Miami Beach’s mayor, combines historic preservation with modern luxury, creating a unique investment proposition.
Peter Marino’s design emphasizes simplicity, elegance, and unobstructed ocean views, offering a refreshing contrast to typical Miami architecture. The building’s design is a testament to innovation, with units featuring high ceilings and premium materials, curated for an elite clientele.
Managed by Rosewood, the Residences promise a lifestyle of unrivaled luxury. Residents will enjoy hotel-style services, including the US outpost of the famed Milanese restaurant Langosteria. This holistic approach to luxury living makes the Rosewood Residences a standout investment in Miami’s property market.
Michael Shvo’s commitment to creating an unmatched product in Florida’s luxury real estate landscape is evident.
