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.
Introducing Continuum Club & Residences in Miami’s North Bay Village
We are thrilled to announce the official launch of sales for Continuum Club & Residences, a groundbreaking luxury condominium in Miami’s exclusive North Bay Village. This project heralds the advent of Continuum 2.0 – the second-ever Continuum branded residence. It’s a testament to the visionary prowess of developer Ian Bruce Eichner, who has transformed Miami’s South of Fifth neighborhood into a prestigious community.
This remarkable venture is a collaborative effort between Continuum Company and Aksoy Holdings, the Turkish developer behind The Ritz-Carlton Residences, Bodrum. Their partnership has resulted in the creation of a residential marvel that is set to redefine luxury living in Miami.
Continuum Club & Residences is a splendid addition to Miami’s real estate portfolio, slated to break ground in the winter of 2024. This project will stand as a curvaceous 32-story beacon, featuring 198 residences ranging from one to four bedrooms, including lavish penthouses. With prices starting just under $1,000,000, these homes range from 800 to 4,000 SF, offering unrivaled views of the Atlantic Ocean, Biscayne Bay, Indian Creek, and Downtown Miami.
Ian Bruce Eichner, the Chairman and CEO of Continuum Company, sees North Bay Village as the next South of Fifth – ripe with growth potential. His dedication to pioneering neighborhood evolutions makes this project an exciting opportunity for investors.
The project is a blend of exquisite design and architecture by Arquitectonica, with interiors by Durukan Design and landscaping by Martha Schwartz Partners (MSP). Each residence boasts private terraces, Subzero/Wolf appliances, and luxurious primary baths. Over 50,000 SF of amenities include a waterfront resort pool, marina, indoor fitness studio, resident spa, and much more.
Residents will enjoy a destination waterfront restaurant, private dining room, outdoor dining pavilion, and exclusive Continuum 24/7 Marketplace and Minibar. The development also includes a Continuum Resident’s App, E/V Charging Stations, and Tesla House car for unmatched convenience.
The development caters to all ages with an arcade, virtual lounge, children’s playroom, and outdoor splash pad. For adults, there are workspaces with WiFi, a waterfront boardroom, and an executive lounge. Pet amenities include an outdoor dog park and indoor dog wash and spa.
Continuum Club & Residences is not just a residence; it’s a lifestyle. It’s an opportunity to be part of a community that redefines luxury and convenience.
Kushner Companies Unveils Plans for an Exclusive Luxury Development in Surfside Miami
Kushner Companies, a prominent New York-based investment firm, is poised to make a strategic expansion in the high-end real estate market with its latest acquisition: a 2.23-acre property in Surfside, purchased for $40 million.
The firm’s plan to develop a luxury housing complex at this prime location is an ambitious project. The proposed 140,637-square-foot apartment building, rising three stories above grade, will offer 87 high-end units. These units, ranging from 1,128 to 2,284 square feet, will provide a mix of one to three-bedroom floorplans, catering to a diverse range of upscale clients.
A key aspect of this development is the integration of a historic building into the modern design, adding a unique appeal to the property. The project will feature over 7,000 square feet of indoor amenities on the ground floor, a rooftop pool deck, and a bespoke 700-square-foot synagogue, enhancing its attractiveness to potential buyers.
Furthermore, the plan includes 194 underground parking spots, addressing a crucial need in the urban landscape. The architectural design, led by Jo Palma & Partners, promises a blend of luxury and functionality, with conceptual renderings showcasing a low-rise building with a swimming pool. The preservation of a 2,250-square-foot historic building, dating back to the 1940s, adds to the project’s exclusivity.
Located at 9300 Collins Avenue, Surfside, Florida, 33154, in Miami-Dade County, this project is not only in a sought-after location but also represents a turnaround story. Previously a distressed development under Eden Surfside LLC, with unfulfilled plans for a townhome and hotel development, Kushner Companies is now revitalizing the site, presenting a potentially high-return investment opportunity.
The Surfside’s Planning and Zoning Board’s upcoming consideration of the proposal on November 30 marks a critical juncture. This project offers a chance to invest in a property with a combination of luxury, historical significance, and strategic location, promising substantial returns in the upscale real estate market.
Five Park Tops Off Construction
Terra’s President, David Martin, and GFO Investments’ Russell Galbut, proudly announce the topping-off of Five Park Miami Beach, the exclusive high-rise luxury condominium gracing South Beach this year. This architectural marvel stands as the new pinnacle of Miami Beach’s skyline, set to reach 519 feet upon its 2023 completion, and ushers in a novel era of opulent living.
With an elite address at the gateway to Miami Beach, Five Park presents an illustrious combination of a striking residential tower and the serene three-acre Canopy Park, complete with the artistically designed Canopy Bridge. It’s a landmark development that seamlessly integrates the prestigious South of Fifth district with the dynamic West Avenue corridor.
Jay Phillip Parker, head of Douglas Elliman Development Marketing in Florida, emphasizes that Five Park not only redefines the neighborhood’s standard but also embodies the exacting standards of Miami’s elite clientele. This development is a testament to Martin and Galbut’s intricate understanding of the upscale market, delivering a product that is unparalleled in the last decade in terms of quality and sophistication.
The tower, a 48-story monument of luxury, showcases 50,000 square feet of meticulously curated amenities, supported by a dedicated concierge service. Residents have exclusive access to The Park Club on the 6th floor, offering panoramic vistas of the city and bay, alongside a plethora of recreational and wellness facilities. The ground level’s Canopy Park serves as a verdant retreat, boasting a botanical garden and a variety of leisure spaces.
The project’s conception involved an assembly of world-renowned designers and architects, each contributing to the project’s majestic allure. The team’s collective expertise in aesthetics, functionality, and premium service is evident throughout the property, promising an unparalleled residential experience.
In early 2024, the anticipated Canopy Bridge, crafted by the eminent Daniel Buren, will begin construction, providing an exclusive pedestrian linkage that enhances the connectivity and accessibility of this distinguished community.
The Avenue Hotel & Residences Breaks Ground
The Avenue Hotel & Residences Coral Gables, an exclusive 8-story Parisian-inspired neo-classical boutique condominium and hotel, has commenced construction. This prestigious development, situated directly opposite Merrick Park, is the brainchild of Oscar Roger, President and CEO of the esteemed Roger Development Group, a family-run entity renowned in the real estate development and management sector.
The groundbreaking ceremony, a significant event in the property’s journey, was held on November 1st at the project’s sales center at 351 San Lorenzo Avenue. Spearheaded by the formidable father-son duo, Oscar, Sr. and Oscar Roger, Jr., the event was graced by their partners Zarko Cukic, Jose Espantoso, and Veronica Rey, alongside key figures from the design team. This includes Architect Willy Bermello of Bermello Ajamil & Partners, Interior Designer Adriana Hoyos, and Alicia Cervera Lamadrid, a principal figure at Cervera Real Estate. Thornton, the project’s general contractor, was also represented.
The event attracted Coral Gables Mayor Vince Lago and over 75 influential members of the local civic and business community. The gathering was a celebration of the project’s progress, marked by a toast and the ceremonial first sand toss using branded silver shovels.
Oscar Roger, the driving force behind the project, expressed his enthusiasm for this landmark development, emphasizing its alignment with Coral Gables’ world-class standards. Oscar Roger, Jr. highlighted the project’s evolution from a concept to a city-defining landmark, praising Cervera Real Estate for their exceptional sales performance, with over 75% of the units already sold.
Cervera Lamadrid of Cervera Real Estate, the exclusive sales and marketing firm for the project, expressed confidence in its success, citing its exceptional design, quality, and prime location opposite Merrick Park as key factors driving demand.
The Avenue Hotel & Residences Coral Gables is not just a property, but a statement of luxury and exclusivity. It offers 48 residences with sophisticated one- and two-bedroom layouts, ranging from 598 to 1,200 square feet, and priced between $730,000 to over $1.3M. Each unit boasts contemporary Italian-style kitchens and baths, equipped with high-end appliances from Miele, Subzero, or Wolf. The property features over 3,800 square feet of ground floor retail space, a front desk reception, and hotel services designed to elevate the living experience. Amenities include valet parking, newspaper and package delivery services, and a resort-style pool deck on Level 9 with a summer kitchen and dining area.
The project is slated for completion in early 2025, promising to be a beacon of luxury and sophistication in the city.
Arbor Residences Announces Construction Completion Date in 2024
The Arbor Residences, a high-end real estate development in Miami, Florida, presents a unique investment opportunity. This project, located at 3034 Oak Avenue in the prestigious Miami-Dade County, is now under the management of Arbor Grove Development LLC, following a strategic transfer of ownership from 3034 Oak Park LLC.
Originally launched in 2017, this five-story development faced challenges, leading to a halt in construction. However, with the new management, the project is back on track, aiming for completion by the third quarter of 2024. This turnaround story is typical of Arbor Grove Development LLC, known for successfully reviving projects on the brink of failure.
The Arbor Residences offer 45 luxury units, with sizes ranging from 1,450 to 3,000 square feet. The pricing starts at $1.4 million, a significant increase from the initial $799,000, reflecting the dynamic changes in the housing market over the past six years. This price adjustment also indicates a strong market demand and potential for substantial investment returns.
The development boasts high-end amenities, including a swimming pool, fitness center, and lounge, catering to an affluent clientele. The project’s location in a sought-after area of Miami enhances its appeal, making it an attractive proposition for investors looking to capitalize on luxury real estate.
As a hedge fund manager, this project offers a compelling investment opportunity. The combination of a strategic location, luxury amenities, and the potential for high returns, especially given the project’s recovery and growth trajectory under new management, makes The Arbor Residences a noteworthy addition to any investment portfolio.
Behar Font & Partners, a renowned architectural firm based in Coral Gables, is behind the design of The Arbor Residences. Their involvement adds an extra layer of credibility and aesthetic appeal to the project. With 36 active projects, their expertise in luxury residential developments is well-established.
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.
Jeff Bezos Takes on the Magic City: Inside the Billionaire’s Move to Miami
Jeff Bezos, the trailblazing founder of Amazon and a pivotal figure in the e-commerce revolution, has announced a significant personal transition, opting to relocate to Miami, a city with deep familial ties. This move marks a return to his roots, as Bezos is an alumnus of Miami Palmetto High (’82) and has expressed a desire to be closer to his parents, who have recently moved back to the area.
Bezos’s decision also aligns with strategic shifts in his professional endeavors, particularly the increasing focus of his aerospace company, Blue Origin, on operations in Cape Canaveral. His investment in Miami real estate is substantial, with recent acquisitions on Indian Creek Island totaling over $140 million, signaling a long-term commitment to the region.
This relocation is not just a personal homecoming but also a strategic positioning within a burgeoning hub of tech and finance. Miami has recently welcomed a wave of tech industry leaders and financial magnates, including Paypal’s Peter Thiel and Citadel’s Ken Griffin, enhancing its reputation as a nexus for innovation and wealth.
For Bezos, whose net worth is estimated at $161 billion, making him the nation’s second-wealthiest individual, this move is a blend of personal nostalgia and forward-looking business strategy. His journey from a Cuban immigrant family to the pinnacle of global business underscores a remarkable American narrative of ambition and achievement.
As Bezos transitions to his new Miami base, he brings with him not only his business acumen but also a history of transformative ideas, from his early musings on space colonies to his tangible steps toward space travel with Blue Origin. His move is a testament to Miami’s allure and its rising status as a haven for the world’s elite in technology and finance.
For hedge fund managers and investors, Bezos’s relocation is a signal of Miami’s increasing importance as a financial and cultural hotspot, worthy of attention for both personal and professional considerations.
Construction Update for Two Riverside Tower in Brickell
In the heart of Miami’s Brickell neighborhood, a new chapter in architectural excellence is unfolding with the planned construction of the Two Riverside Tower. This 59-story edifice is not merely a building; it’s a “signature development” that promises to invigorate the Miami Riverfront with its public riverwalk and ground-level commercial spaces, as per the developer’s representative.
Adjacent to this site, the Lofty Brickell project is already taking shape, with its twin towers of 43 and 44 stories, housing 784 residential units, at the One Brickell Riverfront site.
The Two Riverside Tower is ambitiously designed to house 169 residential units, 1,090 square feet dedicated to commercial space, and shared parking facilities with Lofty Brickell.
The proposed riverwalk, an integral part of this development, will extend over 10 feet in certain areas, as revealed in the project filings.
In a significant step forward, the Federal Aviation Administration (FAA) has granted approval for the tower to reach a height of 731 feet above ground, or 733 feet above sea level. This approval addressed to NGD Riverfront LLC in Miami, came through in October 2023.
The Miami River Commission’s Urban Infill and Greenways Subcommittee has already reviewed the proposal on October 16. The full Commission is poised to deliberate on the proposal on November 6.
For the discerning hedge fund manager, Two Riverside represents more than an architectural marvel; it is a beacon of investment potential and urban development. This project not only promises a revitalized riverfront but also signifies the strategic growth and dynamism of Miami’s real estate market.
