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.
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.
Villa Miami Reveals New Amenity Renderings
Nestled in the heart of Edgewater Miami, a new era of luxury living is on the horizon with the pre-construction project, Villa Miami. This bayfront development isn’t just another high-rise—it’s a collaboration of world-class minds and talents. Spearheaded by Terra Development, One Thousand Group, and Major Food Group, and graced with the architectural genius of Pritzker-Prize laureates like Bjarke Ingels, Rem Koolhaas, and Arquitectonica, Villa Miami is poised to redefine luxury living.
Imagine living in a 58-story crystalline tower, soaring 650 feet into the Miami skyline. The copper-colored, exoskeletal design of Villa Miami isn’t just striking; it’s exclusive. This architectural masterpiece is a sanctuary for just 50 families, offering unprecedented levels of privacy and luxury.
Each residence in Villa Miami is a testament to opulence and state-of-the-art living. From expansive full-floor and half-floor units to magnificent 2-story penthouses, every home offers breathtaking 360-degree views of Biscayne Bay and the Miami skyline. The residences boast spacious floor plans, stainless steel appliances, smart home technology, minimalist kitchens, and complete control over in-residence applications.
The amenities at Villa Miami are equally impressive. Residents will enjoy an elegant lobby, a luxurious pool, a state-of-the-art fitness center, high-speed elevators, round-the-clock concierge service, ample parking with 193 spaces, and over 16,000 square feet of commercial and retail space. A rooftop helipad and a public baywalk add to the allure of this exceptional development.
Location is everything, and Villa Miami doesn’t disappoint. Situated at 710 NE 29th Street in Miami’s vibrant Edgewater neighborhood, it’s within walking distance of cultural hotspots like Margaret Pace Park, the Adrienne Arsht Center for the Performing Arts, and Midtown Miami. Whether it’s shopping in the Miami Design District, exploring the artistic Wynwood Miami, or a quick drive to Brickell, South Beach, or the Miami International Airport, Villa Miami is at the center of it all.
Villa Miami is not just a residence; it’s a lifestyle choice for those who seek the extraordinary. With its blend of visionary design, exclusive living, and a prime location, it’s set to become one of the most coveted addresses in the world. As construction progresses, Villa Miami is not just building homes; it’s crafting a legacy.
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.
FAA Greenlights Construction for Supertall Ora By Casa Tua Tower in Brickell
The Federal Aviation Administration (FAA) has recently approved the construction of the Ora By Casa Tua tower in Brickell, marking a significant milestone for high-rise developments. This decision not only alters the city’s skyline but also opens a new realm of investment opportunities.
The FAA’s decision, issued on November 29, permits the Ora By Casa Tua tower to reach an unprecedented height of 1,044 feet above ground, or 1,049 feet above sea level. This supertall stature is a notable increase from the initially planned 930 feet, as indicated in a UDRB filing earlier in May. The property, located at the heart of Brickell, is poised to become a landmark structure that will redefine urban living.
Remarkably, the FAA’s approval came swiftly, with the application filed only in late August and the decision following in just three months. This efficiency signals a conducive environment for real estate development, underlining the speed and agility of regulatory bodies in facilitating significant urban projects.Brickell, known for its vibrant financial district, positions the Ora By Casa Tua tower as a lucrative investment. Its location promises high demand from affluent professionals and businesses, making it a strategic asset.
As a supertall tower, Ora By Casa Tua offers unique residential and commercial spaces with unparalleled views and amenities. This exclusivity enhances its appeal to high-net-worth individuals and luxury businesses.
The FAA’s approval of the Ora By Casa Tua tower is more than just a green light for construction; it is a beacon for astute investors looking to capitalize on unique and high-value real estate opportunities.
Amazon’s Strategic Expansion and Bezos’s Personal Move to Miami: A New Era for Investment and Market Dynamics
Amazon and its founder, Jeff Bezos, are charting new courses in Miami. Bezos, ranking second on the Bloomberg Billionaires Index, has already made plans to return to Miami with the purchase of a waterfront mansion on Indian Creek Island. His move is aligning with Amazon’s strategic move to acquire 50,000 square feet of office space in Downtown Miami.
This move reflects Amazon’s broader strategy to consolidate its physical presence, following its push for a return-to-office policy. Despite resistance from employees, Amazon’s firm stance on in-person collaboration underscores its commitment to a traditional work environment, a point of interest for market analysts and investors.
Amazon’s expansion into Miami, joining other major firms like Nvidia, Citadel, and Microsoft, signals a shift towards regions with favorable business conditions and tax advantages. This trend is crucial for analyzing regional market dynamics and potential investment opportunities in real estate and tech sectors.
Bezos’s personal relocation to Miami, where he has invested in high-value properties, aligns with strategic shifts in his post-Amazon ventures, particularly Blue Origin. This move, free from state income and capital gains taxes, offers a financial edge, presenting a case study in strategic personal and corporate fiscal planning.
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.
One Bayfront Plaza’s Supertall Development Signals New Era of Luxury and Business Opportunities
The recent developments at One Bayfront Plaza present a unique opportunity to capitalize on Miami’s growing status as a financial and luxury hub.
A comprehensive demolition permit has been lodged for the significant redevelopment of the One Bayfront Plaza site, a prime piece of real estate in Downtown Miami. The project involves the removal of 535,000 square feet of existing structures, which is budgeted at an impressive $2.4 million—indicating the scale and potential of the venture.
B2 Group is orchestrating the demolition process, with Jerome Hollo of Florida East Coast Realty being a key figure in the negotiations. This development comes after the completion of the interior stripping earlier this year, setting the stage for a grand reconstruction.
The vision for the new One Bayfront Plaza is to establish an iconic, towering presence in Miami’s skyline, with the Federal Aviation Administration greenlighting a soaring height of 1,049 feet. This architectural marvel is intended to host premium Class AAA office spaces, a top-tier convention hotel, and upscale residential units, ensuring a diverse revenue stream.
Furthermore, the blueprint includes an exclusive retail center and a commodious parking facility, creating a comprehensive, multi-use complex that spans two city blocks. With over 3 million square feet of space, this supertall development is poised to become a central hub for commerce, hospitality, and residence.
It’s worth noting that Florida East Coast Realty has a proven track record with the success of Brickell’s Panorama Tower. As Florida’s tallest building to date, it stands as a testament to the company’s ability to deliver on ambitious projects. The new One Bayfront Plaza is set to not only transform the Miami skyline but also to offer a multitude of possibilities in a city that is rapidly becoming a global focal point for luxury and business.
Riverside Reimagined: The Adler Group’s Pioneering Multifamily Tower Set to Transform Miami’s Skyline
In a strategic move that underscores the burgeoning potential of the Miami River area, the Adler Group, helmed by Michael and David Adler, is set to progress on a 36-story multifamily tower that promises to be a significant addition to the region. The Miami Urban Development Review Board has given its nod to this forward-looking project, Nexus Riverside 1B, which features 345 apartments and a substantial parking garage.
Hedge fund managers should note the project’s departure from previous municipal plans, signaling a shift in the city’s development trajectory and highlighting an opportunity for investment in a dynamically changing landscape.
The Nexus Riverside 1B is not just a residential building; it’s a statement of cultural synthesis, mirroring Miami’s diverse tapestry through its design and an accompanying mural by Chalk And Brush Design. This project, placed strategically at 230 Southwest Third Street, signifies the Adler Group’s deepening investment in the Miami River district, complementing their Modera Riverside venture and setting a precedent for multifamily developments in the area.
For hedge fund managers, this is an alert to Miami’s evolving landscape, where over 10,500 residential units are emerging along the Miami River. The area is becoming a nexus of high-profile developments, including Gencom and Hyatt’s supertall Miami Riverbridge and Newgard Development Group’s Lofty Brickell, heralding a wave of growth and investment opportunities in this prime waterfront real estate.
The Adler Group’s adept move, with its significant historical site acquisition and strategic pivot from a government complex to a multifamily haven, illustrates a keen understanding of urban evolution and the lucrative potential it holds for discerning investors.
