A 42-story residential tower with a central location in Downtown Miami has just had its plans submitted to the city’s Urban Development Review Board. Rising 42 floors or 467 feet tall, the Hakimian South Tower is planned to have the following features:
631 residential units
3,140 square feet of commercial space
469 parking spaces on 8 levels
The submittal did not include any plans for the north tower. A property to the north of it is designated for potential development. A 30% parking reduction is among the seven coning waivers that are being asked for.
The architect is Corwil Architects with the developer listed as 16th Street Partners, LLC. The next hearing is scheduled for the Urban Development Review Board on July 19th.
Miami Riverbridge Development Approved
The lease between the City and the joint venture led by Hyatt and Gencom was unanimously authorized by the Miami City Commission with a vote of 5-0. This choice represents an important step forward for the ambitious Miami Riverbridge project at 400 Southeast 2nd Street, paving the way for the revitalization of Downtown Miami’s riverside area.
The agreed lease deal opens the door for joint initiatives between Hyatt and Gencom to improve accessibility, encourage walkability, and bring a variety of offerings to the bustling city. The joint venture may now go forward with finalizing the construction plans in close collaboration with the City thanks to this significant endorsement.
The Miami Riverbridge project has already had resounding public support, garnering an amazing 64% of voters’ approval in the November election. This broad acknowledgment of the project’s transformative potential emphasizes its significance to the local community and visitors alike, sparking excitement for Downtown Miami’s future.Riverbridge in Miami. Credit: Gencom and Hyatt.
Both Phil Keb and James Francque, speaking on behalf of Gencom and Hyatt respectively, acknowledged how grateful they were that the City Commission had approved the lease. They reaffirmed their steadfast dedication to bringing about a great development that satisfies the community’s ambitions while also making a major contribution to Miami’s economic development.
Now that the leasing arrangement is finalized, the Miami Riverbridge project can move forward, realizing the riverfront’s full potential and creating a vibrant urban environment. The joint venture’s goal is to accommodate the rising demand for homes, hotel rooms, and event venues while also bringing in a sizable sum of money for the City in the form of taxes, fees, and ground rent.
Three towers affording residents and hotel visitors sweeping views of Downtown Miami and Biscayne Bay are part of the site’s plans, which were created by Miami-based Arquitectonica. 682 multifamily apartments, a 615-room Hyatt Regency with more than 100,000 square feet of conference space, and 264 serviced apartments will be housed in Towers One and Two, which will rise 61 stories. A Skybridge with an upscale destination restaurant and lounge positioned 700 feet above the city will connect the towers at their highest point. Tower three will rise 1,049 feet in the air and contain 860 residential apartments, making it one of the tallest structures in South Florida.
Financing Secured and Ground Breaking Scheduled for the Village at Coral Gables
By the end of July, MG Developer is expected to break ground on the Village of Coral Gables, which will include a mix of for-sale villas, townhomes, lofts, and flats. MG Developer has also obtained a $67.5 million construction loan. The Miami-based developer, headed by CEO Alirio Torrealba, received the loan from Churchill Real Estate.
The Village at Coral Gables is situated at 535 Santander Avenue and spread across 17 lots, bounded by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street.
The new images offer a sneak peek at a few of the excellent features that will honor the city’s legacy while providing for contemporary opulent conveniences. The large wellness clubhouse exudes a modern and tropical environment. It was created in the manner of the Mediterranean revival, and its color palette combines natural tones with lush green flora and subtle gold décor accents.
The exquisitely designed amenity spaces raise the bar for contemporary living in historic Coral Gables and were curated by MG Development in association with renowned architect De La Guardia Victoria Architects & Urbanists. Some amenities include like high-speed wi-fi and a large monitor screen to host virtual meetings and more. They also include a fitness wing, a luxurious plunge pool, a library, and a conference center.
The carefully chosen interiors draw inspiration from Seville, Spain’s visual appeal and way of life, MG Developer sought to carry on George Merrick’s legacy. The boutique 48-home private enclave will honor Merrick’s tradition and history in a timeless yet contemporary manner.
A full block of courtyards will be incorporated into The Village at Coral Gables, which will be surrounded by gardens with alcoves modeled after those in the Plaza de Espaa. Fifty percent of the site is anticipated to be covered with lush vegetation and hidden parking garages with decorative elements that go well with the Coral Gables neighborhood.
Townhomes, Lofts, Villas, and Flats are the four main groupings offered at The Village at Coral Gables. The style and size of the residences will vary, ranging from elegant flats with two bedrooms, a study, and a balcony to attractive townhomes with four bedrooms that are between 1,750 and 3,100 square feet in size.
Construction is expected to be completed by 2024. If you or someone you know have an interest in purchasing at the Village of Coral Gables, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
42 Pine Tops Off Construction in Miami Beach
42 Pine, the much-awaited boutique residential building at the intersection of famous Pine Tree Drive and 42nd Street, has reached a significant milestone on the road to completion, which is scheduled in the first quarter of 2024.
The eight-story structure will be a landmark for the neighborhood and exhibit classic sophistication. Last year, BridgeCity Capital provided the project with $35.5 million in finance, allowing construction to start. With prices ranging from $700,000 to $3,000,000, there are only a few houses left.
CEO of BridgeCity Capital Allan Lebovits, “The pace of construction is impressive, and we are proud to be involved in a project that brings a new level of luxury to the area. This is a unique opportunity in a highly coveted pocket of Miami Beach, and the sales velocity to date is a testament to the strong demand for new luxury residences.”
50 turnkey units with one to four bedrooms and eight penthouses are available at the first full-service boutique condominium in the neighborhood. Each residence has been painstakingly designed to offer a unique lifestyle based on convenience and community. Each tastefully presented home, ranging in size from 700 square feet to 2,700 square feet for combined units, is delivered fully furnished and ready to occupy. The interiors were designed by Arquitectonica to make the most of available space and foster a sense of connection with the outside. Private terraces with glass railings offer a seamless indoor/outdoor living experience, while expansive floor-to-ceiling windows and doors let in an abundance of natural light.
Amenities
Amenity deck
52-foot pool
Relaxation spa
Cabanas
Poolside service
Yoga
Meditation lawn
State-of-the-art fitness center
Club
Game room
Media lounge
Large outdoor terrace
Children’s playroom
At 340 W. 42nd Street, in one of Miami Beach’s most coveted residential areas, residents may enjoy easy access to the ocean, top-rated schools, excellent restaurants, places of worship, and boutique shopping experiences.
If you or someone you know have an interest in purchasing at 42 Pine, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Related Group Secures 18,000 Square Foot Lot in Edgewater for Development
Leading developer Related Group has purchased an 18,000-square-foot land piece in Edgewater, Miami, consisting of three adjacent sites in collaboration with Alex Karakhanian of LNDMRK.
The homes, which are located at 519, 525, and 535 Northeast 29th Street, are in a prime location and provide breathtaking views of Biscayne Bay as well as easy access to the MacArthur Bridge, which connects Edgewater to Miami Beach, and the I-195, which offers a direct route to Fort Lauderdale and Palm Beach. The majority of the undeveloped plot cost $12 million to buy.
According to the President of Related, Nick Perez, “Related identified the growth potential of Edgewater years ago, when we delivered the transformational, four-tower Paraiso Bay community along with Edgewater’s first five-star waterfront restaurant, Amara at Paraiso.
Edgewater offers it all- prime waterfront views, world-class culinary offerings, and easy access to other key hubs, from the Design District to Miami Beach. This newest acquisition is another step forward in our efforts to solidify the area as a true hot spot.”
The site’s particular development plans are still a secret. The land, according to public records, is designated T6-36-A, which allows for the building of up to 36 floors and 150 units per acre. About 60 units might be created within the permitted parameters without the need for further bonuses.
Joel Rodriguez and Alex Suarez of Global Investment Realty served as the deal’s brokers, and PPD Edgewater LLC, run by Esteban Koffsman, was the seller. A well-known real estate firm called LNDMRK Development focuses on finding, acquiring, and building commercial, residential, and mixed-use developments all across the Southeastern United States. Along with The Dorsey and Nomad Residences Wynwood, both of which are in Wynwood, Related and LNDMRK are actively looking for more joint venture options throughout South Florida.
Penthouse at Casa Bella Residences by B&B Italia Sells for Record-Breaking $12.6 Million
A 5,893 square-foot penthouse on the 54th floor at Casa Bella Residences by B&B Italia just sold for a record $12.6 million. This record-breaking price per foot is of no surprise due to the robust sales that have been happening at Casa Bella Residences which have reached $50 million in the past 60 days.
The 56-story tower offers 317 residences ranging from one to four bedrooms, all of which feature soaring ceilings, sweeping views, private elevator access, state-of-the-art kitchens with Sub-Zero and Wolf appliances and an exquisite selection of European-fixtures.
Casa Bella’s Penthouse Collection comprises 10 exquisitely-designed homes with seven distinct floor plans, the crown jewel of which is a pair of 54th-floor triplex residences with private rooftop terraces, each featuring spa pools and indoor/outdoor summer kitchens with stunning water views. Of these two penthouses, the remaining triplex is available for $12.3 million. The 54th-floor is also home to two outstanding duplex penthouses, spanning 4,100 and 4,560 square feet and priced between $8 million and $10 million.
Unit Features
306 luxury condos including an exquisite penthouse collection of 24 penthouses
Residences offer 1, 2, 3, and 4-bedroom layouts with 10’ ceilings
Penthouses offer 2, 3 + Den, and 5-bedroom layouts with 11-12-foot ceilings
Units range in size from 711 to 5,890 square feet
All residences feature 2 private elevators and a foyer, which is unique in Miami
Biometric access-controlled elevators
Floor-to-ceiling impact-resistant windows
Modern European-style kitchens and bathrooms designed by Piero Lissoni featuring Italian cabinetry by ItalKraft
Premium black glass appliance packages with integrated 36” Sub-Zero refrigerators/freezers, integrated paneled dishwasher, built-in Wolf convection oven, and speed oven, and oversized stainless-steel radius sink with faucet drawer
Master bathrooms, designed by Piero Lissoni, boast frameless glass-enclosed showers, oversized tubs, imported porcelain flooring/wet walls, backlit vanity mirrors, and separate water closets
Two penthouses feature private rooftop terraces complete with private summer kitchens and spa tubs
Select units offer powder rooms
Spacious private terraces with spectacular water and city views
Casa Bella offers an extraordinary opportunity to have your residence curated by B&B Italia, Italy’s leading furniture brand
Tower Amenities
2 full floors of private amenities
State-of-the-art wellness and fitness center offering on-demand services
Yoga room
Spinning room
Salon with manicure/pedicure stations
Adult entertainment lounge
Game room
Kid’s playroom with smartboard and educational games
Residents’ party room
Wine room
Movie theater
Museum-quality curated art collection
High-tech business center with conference room
Co-workspace
Pet spa
Expansive pool deck situated on the 11th floor overlooking Biscayne Bay
78’ lap pool
Outdoor spa
Poolside bar and café
Poolside cabanas and lounge areas
Towel service
Sun-care kiosk
Open-air lawn perfect for yoga
Lush gardens were designed by acclaimed landscape architect Enzo Enea
Pickleball court
BBQ with outdoor dining area
Ground-level restaurant open to the public
56th-floor Sky Terrace boasts a rooftop pool and observatory (650 feet) with a high-tech telescope
24-hour valet parking
24-hour security
24-hour maintenance staff
Multilingual team on site
On-demand concierge services are available including housekeeping, grocery shopping, “while you’re away” butler services, dry cleaning, childcare, pet care, courier services, translation service, and more
Residents enjoy a 1-year complimentary membership at the Grand Bay Beach Club in Key Biscayne
Construction for the development is estimated for winter 2023 with an anticipated completion date of 2025. If you or someone you know have an interest in purchasing at Casa Bella, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
E11EVEN Residences Beyond Breaks Ground
The E11EVEN Residences Beyond is a portion of the ultra-luxury, dual-tower E11EVEN Hotel & Residences Miami development, which is situated in Miami’s District 11. Developed by PMG and E11EVEN Partners, the E11EVEN Hotel & Residences Miami project, located at 90 NE 11th St. in the recently enlarged entertainment hotspot, has taken Miami by storm, continuing to smash sales records and provides a distinctive experience, unlike anything the neighborhood has ever seen.
The E11EVEN Hotel & Residences development is being carried out by E11EVEN Partners Marc Roberts, Michael Simkins, and Dennis DeGori as well as PMG Partners Ryan Shear, Kevin Maloney, and Dan Kaplan who attended the groundbreaking.
According to Simkins, “E11EVEN Residences Beyond’s groundbreaking marks a crucial next step in constructing the future of District 11. This incredible property offers residents an optimized lifestyle unlike any other in Miami, featuring top-notch dining, elite services, and lushly appointed residences all within one highly energized location. Once built, it will set the standard for ultra-luxury living and entertainment districts across the country.”
This groundbreaking follows recent announcements at E11EVEN Residences Beyond, which include the addition of The Clayton, an opulent $25 million private social and cigar club, and the recent expansion of the tower to offer additional units for sale and more amenity space. These developments were made possible by an incredibly high demand for these residences and record-breaking sales success across the dual-tower development as a whole.
PMG and E11EVEN Partners also announced that they had obtained $262 million in construction financing. E11EVEN Residences Beyond received a loan from Madison Realty Capital, while Jones Lang LaSalle served as the transaction’s broker.
Riviera Dining Group recently announced plans to add a second-floor restaurant with a direct entrance from the ground floor, as well as an upscale lounge and private membership club, to the extraordinary lineup of amenities offered by the first tower of the E11EVEN Hotel & Residences.
E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offer a resort-style, entertainment-driven experience and destination.
They are conveniently located in Downtown Miami’s District 11. Its floor designs in both of its towers include presidential collections and penthouse suites in addition to studios and two bedrooms. Subzero and Wolf appliances, unique ITALKRAFT Italian cabinetry, premium finishes, and designer-selected furnishings are all included in each unit’s equipment list of fully integrated “smart building” features. Internationally renowned Sieger Suarez Architects will create the buildings’ towering 65 stories, while award-winning design firm AvroKO will create their interiors.
If you or someone you know have an interest in purchasing at E11EVEN Residences Beyond and E11EVEN Hotel & Residences, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
New Tower Proposed in Miami-Clear Residences
Clear Residences, a 52-story tower proposal is now being examined by the Miami Planning and Development Department. Located at 130 SE 1st Street, the site itself sits on 0.55 acres or 23,750 square feet, with the current site now being used as parking.
The proposal with a letter of intent was submitted to the review board in December 2022 with Clear Residences featuring 545 residential units, 4,190 square feet of ground floor retail, and 199 parking spaces.
The tower would rise 694 feet tall with Kobi Karp listed as the architect.
The developer is listed as Clear Communities Miami North Limited Partnership, and Bercow Radell Fernandez Larkin & Tapanes is their legal counsel during the approval procedure.
Joseph R. Colletti is listed as the officer for Clear Communities Miami North Limited. Clear Communities originally purchased the site in 2019 for $18 million while obtaining a mortgage for $10 million through the Pacific National Bank in Miami. The price equaled $756 per square foot.
According to the site’s T6-80-O zoning, an 80-story tower could be built there, requiring Federal Aviation Administration height approval.
700 N. Miami Avenue Site at Miami Worldcenter Construction Update
New York-based developer, the Witkoff Group, is steadily working to change the Miami Arena’s former location. The thriving Miami Worldcenter’s premium real estate is getting ready to welcome three towers rising 57 stories tall.
Recently, Witkoff signed the utilities deal for the site at 700 N. Miami Avenue at Miami Worldcenter. The expected total for the connection fees for utilities and the Biscayne Basin Sanitary Sewer Special Connection fee is $2,085,466.50 and $1,265,004. Alex Witkoff signed the contract on behalf of the construction company, WG 700 North Miami LLC.
The signing of the utility deal and obtaining FAA height approvals for the towers are significant steps in the development process, even though Miami’s Building Department has yet to get construction licenses for the project.
On this large-scale undertaking, Monroe Capital, based in Chicago, is working with Witkoff Group. The location, which is within the confines of Northwest 8th Street, Northwest 1st Avenue, and North Miami Avenue, was previously slated to become the Marriott Marquis Miami Worldcenter Hotel & Expo Center, but is now in line for a dramatic overhaul. This includes the development of three imposing structures that could rise as high as 685 feet. Nichols Architects created the design.
The proposal promises a diverse mix of apartment buildings, shops, and dining establishments. With the utility agreement signed the 700 North Miami Avenue project is preparing for its vertical construction phase, marking an important step in the redevelopment of the former Miami Arena site.
This mixed-use project will undoubtedly become a landmark addition to Miami’s skyline due to its massive scale, prominent location, and reputation of its development and design team. It will also undoubtedly play a significant role in future developments at Miami Worldcenter.
Oasis Hallandale Beach Breaks Ground
Oasis Hallandale Beach has officially broke ground on phase 3 of the new residential development.
There will be 1,448,000 square feet in the project.
The two skyscrapers will each have 25 floors and 500 luxury condominiums, according to the statement. The range of costs is $580,000 to $3.5 million.
Additionally, there will be dining establishments and office spaces, turning the area into a “live, work, play” attraction for locals and tourists.
The architect is Arquitectonica, and the developer is MGM Construction Group.
Building Features:
Valet parking
24 hr. Lobby Attendant
Business and Conference Rooms
Lounge Bar with Pool Tables
Banquet Hall
Golf Simulator
Children’s Playroom
Indoor and Outdoor Movie Theaters
Fitness and Wellness Center
2 Pools
Poolside Cabanas
Hot Tub Spa
Children’s Splash Pad
Playground
Barbecue and Fire Pit Areas
Yoga Lawn
Ping-Pong Room
Mini Soccer Field
Bike Parking
Electric Car Charging Station
Pet Park
Storage
Residence Features:
Floor to Ceiling Windows and Glass sliding doors
Broad Balconies with glass railing
Open Contemporary floor plans
1-2 and 3+ Bedrooms
Powder room in selected Residences
Walk-in Closets
Imported Italian Cabinetry
Premium Italian Countertops
Stainless Steel Appliances
Imported Italian Tile in Kitchen and Bathrooms
Double sinks in master baths
Frameless glass-enclosed showers
The project’s interior designer, Domus Aurea Interiors, as well as Marcel Fernandez, president of MGM Construction Group, Maria Alejandra Fermin, vice president of MGM Construction Group, Steve Geller, commissioner for District 5 of Broward County, and others, were present at the groundbreaking ceremony on April 6.
According to a press statement, phase 1 is finished and phase 2 is almost finished. The project should be finished in full by 2026.
If you or someone you know have an interest in purchasing at the Oasis Hallandale Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
