Exciting New Condo-Hotel Development Set to Transform Miami’s Edgewater Area

Miami is no stranger to stunning developments, and a new project is about to make its mark on the city’s skyline. Urban Network Capital Group (UNCG) and Vertical Development are making waves with their upcoming condo-hotel development, set to be reviewed by the city’s Urban Development Review Board on January 17. This strategic project is located between the vibrant Miami Design District and the bustling Edgewater neighborhood, promising to redefine luxury living in the heart of Miami.

The project spans an impressive 19,292-square-foot site at 445 and 455 Northeast 36th Street, extending to 3618 and 3630 Northeast Fifth Ave. This location is currently home to four small apartment buildings and is conveniently situated south of Interstate 195 along the exit ramp. In September, Residences at 5th Avenue LLC, an affiliate of UNCG and Vertical Development, acquired the property for $13.5 million.

The proposed plan envisions a striking 27-story structure designed by the renowned Miami-based firm Kobi Karp Architecture & Interior Design. KEITH is on board as the civil engineer and landscape architect, ensuring that this development will not only be luxurious but also environmentally conscious. The project will span an impressive 175,557 square feet, offering 180 hotel rooms, 7,290 square feet of retail space, and 121 parking spaces, including vehicle lifts and 24 electric vehicle charging stations.

To achieve the desired density for this remarkable project, the development strategy involves acquiring two transfers of development rights from other city property owners. This strategic move will allow the creation of a fifth-floor lobby and a rooftop pool deck, providing breathtaking panoramic views of Biscayne Bay and Miami Beach.

The building’s design emphasizes contemporary architecture, with meticulous attention to detail to harmonize with and enhance the evolving aesthetic of the Edgewater area. The structure boasts habitable, visually engaging, and practical spaces, featuring aesthetically pleasing architectural screening. This approach effectively integrates the loading area into the overall design while maintaining a sleek appearance.

One of the project’s main goals is to prioritize pedestrian engagement and urban vibrancy. By thoughtfully placing spaces that encourage foot traffic and interaction, the development enhances the street-level experience for both residents and visitors. This approach contributes to the lively urban fabric of the neighborhood.

The hotel’s accommodations will cater to a diverse range of guests, with room sizes ranging from 393 to 2,127 square feet. The layout includes 17 studios, 85 junior suites, 51 one-bedroom suites, 20 two-bedroom suites, three three-bedroom suites, and four four-bedroom suites, with the larger units located on the upper floors.

The proposed development includes several waiver requests to align with the project’s unique architectural and functional requirements while adhering to city zoning regulations. These waivers aim to maximize parking space, incorporate attractive screening along major streets, and improve internal circulation within the parking structure.

Ben Fernandez, a local zoning attorney, represents the developers in their application. This condo-hotel development is the second major project for UNCG and Vertical Development in Miami, following the recent construction loan acquisition for the Visions at Brickell Station condo-hotel. Vertical Development also operates in Argentina, reflecting their commitment to creating exceptional spaces in both local and international markets.

4241 Aurora Ushers in New Era of Upscale Living in Coral Gables

The recent approval of 4241 Aurora, a new project by Miami’s renowned real estate developers Constellation Group and The Boschetti Group, presents a unique investment opportunity. This Mediterranean-style mixed-use development, masterfully designed by the globally acclaimed Arquitectonica, is strategically positioned at 4241 Aurora Street in Coral Gables’ innovative Design and Innovation District. This development not only signifies a successful navigation through a stringent approval process but also introduces an upscale, mixed-use residential and commercial hub in the thriving heart of Merrick Park, Coral Gables’ prime shopping and entertainment zone.

Eduardo Otaola, Managing Principal of Constellation Group, emphasizes that 4241 Aurora is set to become a vital asset in Merrick Park, enhancing the district’s growing allure as a global destination with high-end amenities including premier restaurants, educational institutions, parks, and international business hubs.

Jose Boschetti from The Boschetti Group highlights the project’s commitment to creating a dynamic environment that fuses luxury living with substantial business and community growth opportunities. This development is poised to be a significant addition to Coral Gables, contributing to the city’s legacy of excellence.

4241 Aurora offers an enticing composition of eight floors of luxury residential condos, coupled with three levels dedicated to parking, retail, and office spaces. The development, standing at 137.5 feet, will feature a 5,000 square-foot park with verdant landscaping, public art, and ground-floor retail overlooking Merrick Park.

The residential segment provides a range of condominiums from two-bedroom units of 1,016 sq. ft. to larger three-bedroom residences with dens of 1,860 sq. ft. Exclusive amenities include a grand lobby, a rooftop lounge for residents, a state-of-the-art fitness center, a swimming pool, a pickleball court, commercial retail spaces, and outdoor dining areas with grilling stations.

Projected to break ground in the second quarter of 2024, 4241 Aurora is a prominent addition to Constellation Group’s portfolio in South Florida. The firm’s current projects include a luxury boutique office building in Merrick Park, Ella Miami Beach – a 10-story boutique condominium in North Beach, and SeaGlass Cove – a luxury private enclave of 14 oceanfront single-family homes in the Florida Keys. These developments represent substantial investment opportunities in some of South Florida’s most desirable locations.

Rising High: The HUB Miami Tower – Downtown’s Latest Beacon of Luxury and Connectivity

The HUB Miami Tower is an ambitious project that marks a collaborative effort by The John Buck Company, Florida Value Partners, BH Group, and PEBB Enterprises, showcasing their commitment to innovation and excellence​​. This 41-story mixed-use development, taking shape at 533 N.W. Second Avenue, Miami, Florida, is a joint venture between these four developers, who invested around $40 million in purchasing the 1.03-acre build site​​.

Situated in the heart of Downtown Miami, the HUB Miami Tower is poised to offer 306 luxurious residences, ranging from efficient studios to spacious two-bedroom apartments. The residential component is designed to offer first-class amenities that include a fitness center, spa, and a resort-style pool, integrating sleek architecture with modern living spaces and thoughtfully curated comforts​​.

Additionally, the HUB Miami will feature 245,000 square feet of Class-A office space, designed by ODP Architects with interiors by One Line Design Studio. This is part of a strategy to blend leisure and work within the same development. The tower is designed with a transit-oriented approach, which aims to provide a hyper-connected living experience, catering to the modern-day demands for accessibility and convenience​​.

The tower’s design includes residential units ranging in size from 394 to 1,046 square feet, situated on levels 22 and above, offering residents impressive views of the cityscape​​. The project is a testament to the evolving skyline of Miami and represents a significant investment in the city’s future as a hub for culture, business, and luxury living.

Introducing the Pinnacle of Luxury-The $60 Million Penthouse at The Residences at 1428 Brickell

1428 Brickell has just announced the unveiling of its $60 million architectural marvel: a two-story, fully-finished penthouse that crowns The Residences at 1428 Brickell. This luxurious abode spans over 12,000 square feet, with ceilings reaching an impressive 30 feet, offering a panoramic spectacle of Miami’s glittering skyline, the Fort Lauderdale cityscape to the north, the sprawling Everglades to the west, and the vast Atlantic Ocean to the east and south. Spearheaded by Ytech’s subsidiary, 1428 Brickell, LLC, this Miami-based real estate development is on track for completion in 2027.

Yamal Yidios, CEO of Ytech, has articulated a singular vision: to craft a penthouse residence that would redefine luxury living on a global scale. The Penthouse at 1428 Brickell is poised to become a benchmark of opulence and sophistication.

The design, a masterpiece curated by the renowned Milan-based ACPV ARCHITECTS, led by Antonio Citterio and Patricia Viel, pays homage to the architectural and design giants of the 20th century. The likes of Oscar Niemeyer, Luigi Caccia Dominioni, Angelo Mangiarotti, Charlotte Perriand, and Philip Johnson have inspired a space that is a symphony of light, space, and texture, redefining the essence of luxury.

The penthouse is a showcase of exquisite materials such as silk georgette marble, eucalyptus wood claddings, and fluted glass walls—each element meticulously selected by Ytech’s team from around the globe to meet the highest standards of excellence.

In crafting this residence, the development and design teams have meticulously considered every aspect, from the circulation schemes to the strategic placement of rooms, ensuring a harmonious balance between private and communal spaces. The result is a residence that not only boasts a stone-clad sculptural stairway, the result of over 32 design iterations, but also optimizes natural light, ensuring each room glows with the shifting sunlight, enhancing the stunning city views.

The penthouse’s ambitious layout includes a custom-designed library bar, a master bathroom adorned with Salvatori stone, and a walk-in wine cellar. The kitchen, a work of art in itself, will be crafted by the artisans of Vaselli, with a separate chef’s kitchen designed by Italy’s Arclinea.

The Penthouse at The Residences at 1428 Brickell features two stories with 30-foot ceilings, 7 bedrooms, 9 bathrooms, balconies with unmatched views, and three elevators, including a private one leading to the second floor.

The Residences at 1428 Brickell also offers a collection of homes priced from $2 million to $7 million, with sizes ranging from 1,800 to 4,000 square feet. The Penthouse Collection includes lower penthouses starting at $8 million, with sizes up to 10,000 square feet, all featuring water views and a design that maximizes light and space.

The property will also feature over 80,000 square feet of amenity space, including a 10,000 square foot gym, a rooftop pool, a two-story wine and fine art lounge, and more. These amenities, combined with personalized services such as valet, porter, and in-unit package delivery, set a new standard for luxury living.

Unveiling the Future of Luxury Living: Swire Properties’ Latest Venture in Brickell Key

In the heart of Brickell Key, an exciting new chapter is unfolding as Swire Properties, a renowned developer, takes a significant step forward in its latest residential development project. With a rich history of transforming landscapes and setting new standards in luxury living, Swire Properties is once again poised to leave an indelible mark on Miami’s real estate scene.

A Gateway to Opulence On the 30th of October, an affiliate of Swire Properties demonstrated their commitment to excellence and precision by submitting three separate phased permit applications, all of which are currently undergoing meticulous review for The Residences at Mandarin Oriental Miami. These applications, crucial for the mechanical, electrical, and plumbing work of the site, each have distinct contractors, showcasing the developer’s dedication to engaging with the best in the business.

A separate permit application for the sales center, the future face of this luxurious development, remains under careful scrutiny. This space is envisioned to be more than just a sales center; it is set to be a gateway to the opulent lifestyle that awaits future residents.

The Architectural Marvel: Soaring to New Heights Swire Properties has a reputation for creating architectural masterpieces, and this project is no exception. Envisioned to include two towering structures, the development will feature a Mandarin Oriental residence building alongside a hotel building, each making a bold statement on the Miami skyline.

The Master Plan: A Vision of Elegance and Grandeur Earlier in the month, the developer finalized a utility agreement, revealing tantalizing details of what’s to come. Phase 1 of the project promises a sprawling 6,500 square feet of premium office space, setting the stage for a development that seamlessly blends work and leisure.

The utilities agreement further unveils the grandeur of Phase 2, which is set to include:

• 289 meticulously designed residential units
• 179 luxurious hotel rooms
• A full-service restaurant sprawling across 28,054 square feet

The residence building is set to soar over 800 feet, offering breathtaking views and unparalleled luxury, while the second tower, standing at around 400 feet, will provide a perfect complement to this majestic structure. The design of these buildings is in the capable hands of Kohn Pedersen Fox, a firm renowned for its innovative and awe-inspiring architectural designs.

Swire Properties is once again redefining luxury living in Miami with its latest venture in Brickell Key. With a commitment to excellence, a vision of grandeur, and a dedication to creating spaces that transcend the ordinary, this development is set to be a beacon of opulence and innovation in Miami’s real estate landscape.

Construction Update for Baccarat Residences Miami

Last week marked a pivotal moment for Miami’s real estate landscape as we witnessed the commencement of construction for the Baccarat Residences Miami, a development poised to redefine luxury living in the city. The groundbreaking ceremony, captured and shared through social media, has ignited conversations and anticipation among industry insiders and aficionados alike.

Baccarat Residences is on track to become an iconic fixture in Miami’s skyline, boasting an impressive stature of 75 stories, and soaring to a height of 848 feet above ground, or 852 feet above sea level. This monumental structure is set to eclipse the current record-holder, the Aston Martin Residences tower, which stands tall at 66 stories and 816 feet above ground, located just along the Miami River and nearing its completion.

Not too far from the site, the Waldorf Astoria is making its own mark, with construction well underway. This ambitious project is expected to reach a staggering 1,041 feet above ground, incorporating both hotel and residential components, offering a multifaceted luxury experience.

The city’s Building Department has been actively involved, issuing a site work permit for the Baccarat Residences in September, with the permit for full vertical construction currently under meticulous review.

John Moriarty, a name synonymous with excellence and precision in construction, has been entrusted as the contractor for this landmark project.

Adjacent to the Baccarat site, another development is taking shape. A 44-story tower, currently under construction, is set to house 506 apartments, further enriching Miami’s residential offerings.

For hedge fund managers and investors alike, the Baccarat Residences represent not just a pinnacle of luxury living, but also a strategic opportunity in one of Miami’s most sought-after locales. The project’s ambitious scale and prime location underscore Miami’s unwavering appeal and resilience, even in the face of ever-evolving market dynamics.

Star Holdings Management LLC Submits Plans for the Gateway Development in Miami

In the heart of Miami-Dade County’s bustling Ojus Urban District, a significant development shift is on the horizon. Star Holdings Management LLC, a prominent developer, has recently unveiled revised plans for their ambitious project, the Gateway. Initially envisioned in 2020 as a 12-story mixed-use edifice, the latest blueprints suggest a grander vision: an 18-story tower encompassing over 645,000 square feet.

This revamped design proposes a diverse mix of 210 upscale apartments, cutting-edge office spaces, and vibrant retail outlets. Accommodating the needs of modern urbanites, the development also includes a spacious six-story parking structure with the capacity to house over 400 vehicles. Its strategic location offers unparalleled convenience, being in close proximity to the renowned Aventura Mall.

In a nod to inclusivity and community development, the project earmarks ten percent of its residential units as workforce housing. This initiative not only broadens the project’s appeal but also enhances its initial design. Potential residents can anticipate a range of apartment sizes, from cozy 750 square-foot units to expansive 1,750 square-foot spaces, with configurations ranging from single to three-bedroom layouts.

The Gateway promises more than just living spaces. Residents and visitors alike can indulge in a plethora of communal amenities. The highlight is a lavish seventh-floor deck, complete with a state-of-the-art swimming pool, all set on a sprawling 1.4-acre plot.

The brains behind this transformative project include the esteemed Star Holdings Management LLC as the developer, with legal representation by Attorney Javier L. Vazquez. The architectural marvel that is the Gateway has been conceived by IDEA Architects.

Miami Commissioners Approve Four Residential Towers in Brickell

In the heart of Brickell, a significant financial move was made last month as county commissioners greenlit the development of four prominent towers on a single block.

This decision, made on September 20 during a session of the Miami-Dade Zoning Board, paves the way for Sentral, Menesse, Westpine, and Calle 8 towers.

Cumulatively, these ventures will usher in an impressive 1,995 residential units across the five towers.

In a strategic move, the developer behind Menesse has entered into a covenant, committing to a significant contribution to enhance Brickell’s mass transit infrastructure. This agreement, formalized on October 18, entails Menesse Brickell LLC allocating $350,000 towards the refurbishment of the Brickell Metrorail and Metromover stations. This contribution will be made before the issuance of the building permit.

Furthermore, in a nod to sustainable urban development, the developer has pledged to reserve a minimum of 5% of the residential units for workforce housing. This initiative targets households earning between 60% and 140% of the area’s median income and will be in effect for two decades post-TCO issuance.

The administrative review of the tower’s site plan is currently in progress, and the financial world watches with bated breath as Brickell continues to evolve.

The Well Bay Harbor Islands Breaks Ground at 1100 Kane Concourse

In the heart of Miami’s Bay Harbor Islands, a new luxury development is taking shape. Terra, a renowned Miami-based real estate developer, in collaboration with the globally recognized wellness brand, THE WELL, has initiated the construction of THE WELL Bay Harbor Islands at 1100 Kane Concourse. This groundbreaking event, which took place on October 9, 2023, marked the beginning of a project that has already seen half of its residences sold.

This eight-story luxury project will house 54 tailor-made residences, boasting over 22,000 square feet of unparalleled amenities. Prospective residents can anticipate a cutting-edge fitness and wellness center, a 4,000-square-foot signature dining establishment, and a class-A office building spanning 102,000 square feet. This venture stands as the nation’s premier THE WELL-branded residential and office initiative, meticulously crafted to foster a comprehensive wellness lifestyle.

Esteemed attendees at the groundbreaking ceremony included Terra’s CEO David Martin, THE WELL’s Chief Creative Officer Kane Sarhan, and key officials from Bay Harbor Islands. This event symbolizes Terra and THE WELL’s shared ambition of seamlessly blending wellness into luxury living and workspace environments. The project’s completion is projected for the second quarter of 2025.

Designed by the award-winning Meyer Davis with architectural insights from Miami’s Arquitectonica, the development emphasizes holistic wellness. THE WELL’s signature touch ensures that residents are enveloped in a rejuvenating atmosphere, harmoniously integrated into their daily lives.

David Martin, CEO of Terra, expressed his enthusiasm, stating, “THE WELL Bay Harbor Islands is poised to redefine luxury living in South Florida, revitalizing the Kane Concourse and enhancing the Bay Harbor Islands community.” Rebecca Parekh, Co-Founder and CEO of THE WELL added, “Our vision is to create a sanctuary where wellness is woven into the fabric of everyday life.”

The residences, ranging from 924 to 3,291 square feet, will offer state-of-the-art amenities, combining THE WELL’s holistic philosophies with Miami’s natural beauty. From therapeutic soaking tubs to advanced wellness technologies, every detail is meticulously curated.

The wellness and fitness center is a haven for rejuvenation, offering a plethora of experiences, from Miami’s first caldarium to a diverse range of treatments and fitness sessions. Additional facilities include rooftop decks with a pool and hot tub, private boardrooms, and serene lounges.

The office component, The Offices at THE WELL Bay Harbor Islands, will redefine workspace wellness. Tenants can customize their spaces, access community gardens, and benefit from a plethora of wellness amenities. Blanca Commercial Real Estate is leading the office leasing endeavors.

Nestled near the iconic Bal Harbour Shops, Bay Harbor Islands is a gem in Miami’s real estate landscape. Known for its upscale community, proximity to elite retailers, and breathtaking waterfront vistas, it offers a blend of luxury and tranquility. This development is set to further elevate the stature of this coveted neighborhood.