The Avenue Hotel & Residences Coral Gables Scheduled to Break Ground in November 2023
In the heart of Miami-Dade County, a new Parisian-inspired mixed-use development is set to redefine luxury living and investment opportunities. The Avenue Hotel & Residences Coral Gables, spearheaded by the renowned Roger Development Group, is not just another real estate project. It’s an emblem of opulence and strategic investment.
With groundbreaking slated for early November, this venture has already garnered significant interest with over 65% of residences already sold.
The Avenue Hotel & Residences Coral Gables stands as an eight-story mid-rise edifice, boasting 48 exquisitely designed residences. Each home, ranging from 598 to 1,200 square feet, is a masterpiece in itself, coming fully furnished and ready for occupancy. For those keen on retail opportunities, the ground floor will house six retail condos, all of which have already been snapped up.
For potential investors or residents, the remaining units are priced between $730,000 to $1.3 million. Beyond the individual units, the community offers a plethora of amenities designed for an elite lifestyle. From a state-of-the-art summer kitchen and a lavish swimming pool deck to a family dining area, every feature speaks of luxury and comfort.
Its strategic location further enhances its appeal. Situated just a short distance from the Shops at Merrick Park, residents and visitors have easy access to a myriad of dining options and commercial ventures.
The project’s architectural brilliance can be credited to Bermello Ajamil & Partners, while Thornton Construction Co. takes the helm as the general contractor. The Avenue Hotel & Residences Coral Gables will grace an 11,000-square-foot lot at 351 San Lorenzo Avenue, Coral Gables, FL, 33146.
Top 5 Restaurants to Celebrate Halloween in Miami
Miami is a city renowned for its vibrant culture and culinary offerings, and during the Halloween season, it takes on a captivating allure. With Miami Condo Investments as your culinary tour guide, here is a list of the top 5 Halloween dining experiences in Miami. From eerie restaurants with spine-chilling atmospheres to eateries that serve up devilishly delicious dishes, we will navigate you through Miami’s most intriguing dining destinations, ensuring an enchanting feast for your taste buds.
Whether you are a local looking to enhance your Halloween dining experience or a traveler eager to explore Miami’s gastronomic delights, this guide will lead you to the city’s most tantalizing Halloween dining experiences. Prepare to immerse yourself in the spooky ambiance and embark on a culinary journey unlike any other as we unveil Miami’s top Halloween dining spots.
Queen Miami Beach
Queen Miami Beach is introducing its first-ever Halloween event called “Royal Anarchy: A Tale of Twisted Beasts.” This event promises an evening of eerie elegance and spine-tingling revelry, featuring unforgettable performances. The Halloween celebration at Queen Miami Beach will showcase ethereal aerialists suspended from the ceiling on silken threads, enigmatic dance ensembles, and acrobatic performers dressed in ornate costumes inspired by twisted beasts and mystical creatures. From the moment guests arrive, they can expect to be captivated by this enthralling experience. Additionally, a specially curated menu will be available throughout the evening for diners to indulge in decadent culinary delights. The event will take place at the iconic Paris Theater, ensuring a night of glamour and glory. Reservations are required and can be made at Queen Miami Beach. The venue is located at 550 Washington Ave, Miami Beach.
Mila Miami
On Saturday, October 28th, MILA Lounge and MILA MM invite you to their ‘Haunted Shipwreck‘ Halloween event. As attendees delve into this eerie underwater world, they’ll encounter dancing shadows and moonlit treasures hidden beneath the waves. The shipwreck is not just a resting place for ancient artifacts but also holds an untold, chilling story. Guests are encouraged to wear their spookiest sea-themed costumes, transforming into phantoms of the deep. Mila is located at 1636 Meridian Ave, Rooftop, Miami Beach, FL 33139 and you can make reservations here.
BÂOLI
On Friday, October 27th, BÂOLI is hosting a captivating Halloween event themed ‘Enchanted Forest.’ Dive into a night filled with magic and wonder, where attendees can discover hidden mysteries and decipher enchanting spells. However, within the ‘Enchanted Forest,’ appearances can be deceiving, with secrets lurking in every corner. Guests are encouraged to don costumes that embody the forest’s mystical creatures, enhancing the immersive experience. This evening promises a transformative adventure that’s sure to leave a lasting impression. For reservations, click here.
Sexy Fish Miami
Sexy Fish Miami is celebrating Halloween with a special “Spooky Ever After” dessert platter. Available for $95 from Thursday, October 26, to Wednesday, October 31, this limited-time offering features a range of festive treats. Highlights include pumpkin spice doughnuts, a skull-shaped chocolate and strawberry parfait, and candy-flavored sorbet. It’s a delightful way to indulge your sweet tooth and get into the Halloween spirit at Sexy Fish Miami. To reserve your table, visit SexyFish.
Café La Trova
The 305 ’80s Bar at Café La Trova is gearing up for a special Addams Family-themed dance party during the Halloween weekend. This event will kick off at midnight and run until closing time. Attendees can look forward to dance contests, with prizes up for grabs. If you’re planning to attend, it might be a good idea to practice the iconic Wednesday Addams dance routine in advance! Café La Trova is located at 971 SW 8th Street, Miami, FL 33130. For reservations, click here.
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.
Naftali Group’s Vision for the Miami Worldcenter Tower
The New York-based Naftali Group has unveiled its grand plans for a 67-story mixed-use skyscraper within the heart of the Miami Worldcenter. This ambitious project, set to rise over 700 feet, will be situated on a 1.02-acre plot at 1044 and 1016 Northeast 2nd Avenue.
Designed by the esteemed Miami-based Arquitectonica, with interiors crafted by New York City’s Rockwell Group, this tower promises to be a beacon of modern architecture. The building will encompass nearly 1.3 million square feet, housing 259 luxurious condominiums under the “JEM Private Residences” brand. These residences will range from cozy studios to expansive four-bedroom units, with sizes varying from 469 to 2,052 square feet. In addition to these, the tower will feature 550 rental apartments, 3,600 square feet of prime commercial space, and a parking garage for approximately 591 vehicles.
The tower’s design is a testament to modernist principles, with its rhythmic façade and horizontal bands creating a sense of fluidity. This design not only enhances the building’s aesthetic but also serves functional purposes, optimizing sunlight and ventilation. The tower’s glass facade, juxtaposed with other materials, strikes a balance between privacy and engagement with the surrounding urban landscape.
The interiors, conceptualized by Rockwell Group, exude precision and elegance. The kitchens, adorned with custom millwork cabinetry and Calacatta stone countertops, will feature top-of-the-line Miele appliances. The primary bathrooms will showcase custom medicine cabinets, honed Dolomite white countertops, and sleek fixtures, with some units boasting standalone soaking tubs. Condominiums will be priced starting at $540,000, occupying floors 43 and above, while rental apartments will be housed between floors 10 and 42.
JEM Private Residences promises an unparalleled amenity suite on the 50th floor, rivaling the offerings of luxury hotels. Residents can unwind in the Sky Lounge, take a dip in the 60-foot pool, or relax in cabanas and floating daybeds. Fitness enthusiasts will appreciate the state-of-the-art indoor gym and outdoor fitness areas, complete with a boxing arena and yoga patio. The spa suite, with its unique dry sauna, steam room, and tranquil pink Himalayan salt room, promises rejuvenation. Additional facilities include a game room, co-working spaces, and a spirits-tasting room.
This project underscores the Naftali Group’s commitment to redefining luxury real estate in South Florida. With over three decades of experience and successful developments in locales from New York City to Singapore, the group’s foray into Florida is eagerly anticipated. Their portfolio boasts over 3 million square feet of planned development, with iconic properties like “The Shephard” in the West Village and “The Benson” on Madison Avenue to their credit.
The tower’s strategic location, nestled between Northeast 10th and 11th Streets and adjacent to the Eleventh Street Metromover Station, places it in proximity to other notable developments. It’s set to break ground in the second quarter of 2024.
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.
Nexo Residences Breaks Ground in North Miami Beach
In the heart of North Miami Beach, Fortune International Group, in partnership with Blue Road, has embarked on a groundbreaking venture: the Nexo Residences. This 15-story luxury condominium project, located at 13899 Biscayne Boulevard, is poised to redefine urban living with its innovative home-sharing capabilities.
The architectural brilliance of Frankel Benayoun Architects Inc., combined with insights from the globally acclaimed architect Carlos Ott, has shaped the design of Nexo Residences. Furthermore, the interiors, common areas, and landscaping have been meticulously crafted by Urban Robot. The development boasts 254 fully furnished residences, allowing homeowners unparalleled autonomy in their property’s utilization. These residences range from cozy studios to expansive four-bedroom townhomes, with sizes varying from 531 to 2,190 interior square feet. With prices commencing from the mid $600s, this project offers a diverse portfolio for potential investors.
Edgardo Defortuna, the CEO of Fortune International Group, expressed his enthusiasm, stating, “Nexo Residences has garnered significant attention from global buyers and investors. Its strategic location, coupled with top-tier amenities and the unique opportunity for homeowners to lease their units, aligns perfectly with Fortune’s vision of pioneering projects that consistently exceed expectations through innovation and meticulous attention to detail.”
The name “Nexo,” translating to “nexus” in Spanish, encapsulates the essence of this project. It serves as a pivotal junction, bridging crucial elements and making it an attractive proposition for short-term renters in this burgeoning submarket. The rental flexibility, complemented by a professional management team overseeing operations, enhances its appeal for potential investors.
Jorge Savloff, CEO of Blue Road, highlighted the strategic advantage of the location, emphasizing its proximity to iconic South Florida attractions like the Bal Harbour Shops, Aventura Mall, and a plethora of upscale dining and entertainment venues. He added, “Nexo Residences offers a more family-centric alternative to the bustling tourist hubs of Miami, ensuring a comprehensive and enriching experience for all.”
The amenities at Nexo Residences resonate with the South Florida vacation spirit, catering to both work and leisure. Features include a grand three-story arrival lobby, a state-of-the-art tech hub with coworking spaces, a lavish pool deck, fitness facilities, and a rooftop observatory deck offering panoramic southern vistas. Additionally, entertainment options abound with an outdoor cinema, a versatile clubroom, and a dedicated children’s play area.
An added allure for international investors is the property’s EB-5 designation. This provides a golden opportunity for foreign nationals to embark on the path to U.S. citizenship by investing a minimum of $800,000 in Nexo Residences and adhering to the stipulations set by the United States Citizenship and Immigration Services (USCIS).
Strategically positioned, Nexo Residences offers proximity to business and leisure hubs like Bal Harbour, Aventura, and Sunny Isles. Its location on Biscayne Boulevard, near the Intracoastal Waterway, and equidistant from major airports, further accentuates its appeal for global investors.
Nexo Residences presents a compelling investment narrative blending luxury, flexibility, and strategic location into a package that promises significant returns.
SB Developments Releases Renderings for 55 Story Edgewater Project
In the heart of Miami’s Edgewater neighborhood, a new architectural masterpiece is set to redefine the city’s skyline. Located at 419 Northeast 19th Street, this 55-story tower is a testament to modern design and strategic investment.
The project, occupying a 14,190-square-foot triangular plot near the iconic Margaret Pace Park and Biscayne Bay, is a collaboration between the renowned New York-based architectural firm, Fogarty Finger, and a joint venture of SB Development and Hazelton Capital Group. With a towering height of 641 feet, this development will not only be a significant addition to Miami’s skyline but also a beacon of luxury living.
The tower will house 463 upscale residential units within its 553,673 square feet of space. Residents will have access to a number of luxury amenities spanning three levels, including a rooftop pool, sky lounge, state-of-the-art fitness center, and a game room. Additionally, the building will feature an indoor parking facility with a capacity for 172 vehicles.
The design of the tower is a testament to Fogarty Finger’s expertise in crafting architectural wonders. Known for their iconic designs in New York, such as The Dime and 141 Willoughby in Brooklyn, their entry into the Miami market is marked by a structure that captures the essence of its surroundings. The tower’s design, characterized by its slender and curved profile, boasts curved corners, striking horizontal lines, and a pristine white stucco finish. The wraparound balconies with glass handrails and floor-to-ceiling glazing ensure that residents enjoy panoramic views of the city.
A unique feature of this tower is its base and crown, which share a cohesive design language. The facade is adorned with sections of long, narrow horizontal openings screened with aluminum. The crown, however, stands out with its elegantly curved motif that extends from the rooftop slab, adding a touch of sophistication.
The residential units within the tower cater to a diverse clientele, ranging from studio units of 403 square feet to expansive 4-bedroom units spanning 2,322 square feet.
The current site, known as Parcel B, houses an older condo building set for demolition. The new tower will be integrated with the adjacent property, the Cite’ on the Bay Condominium, enhancing the overall value of the area.
However, the developer is seeking several waivers in connection with the project, primarily due to the unique shape of the lot and to ensure efficient vehicular traffic. These waivers include reductions in setbacks, drive aisle width, parking stall length, and the total number of required parking spaces, among others.
With its modern design, luxury amenities, and prime location, it promises to be a jewel in Miami’s real estate crown.
Aria Reserve’s Majestic Ascent: A Glimpse into Edgewater’s Pinnacle of Luxury
In the heart of Edgewater, the illustrious Aria Reserve is making waves in the architectural world. The first of its twin towers is not only soaring swiftly but is also accompanied by the promising progress of its counterpart, Aria Reserve Miami North Tower.
Touted as the zenith of waterfront residential projects, Aria Reserve boasts two magnificent 62-story towers, each stretching to a staggering 649 feet. This grandeur isn’t just for show; the developer proudly claims it to be the tallest dual-tower residential venture in the nation.
The South Tower, which witnessed its groundbreaking festivities in May 2022, has achieved another milestone. As per recent updates from L&R, the esteemed shell contractor, the construction has successfully reached the 16th floor.
Parallelly, the North Tower has officially broken ground during a ceremony today with the developer, architect, and Miami Mayor Suarez in attendance. A construction permit was initiated on May 26, 2023. This tower is set to house 360 luxurious condo units, as stated in the permit documentation.
For those keen on specifics, the South Tower’s permit reveals a lavish offering of 383 condo units. Additionally, residents and visitors can anticipate approximately 5,719 square feet dedicated to gourmet dining and another 4,870 square feet for upscale retail experiences. Not to forget, a commodious 9-story parking facility is also in the blueprint.
Behind this monumental project is the renowned Melo Group, wearing both the developer and contractor hats. The architectural genius steering this ship is none other than Bernardo Fort-Brescia from Arquitectonica, a name synonymous with innovative design and unparalleled elegance.
Aria Reserve isn’t just a real estate venture; it’s a testament to luxury, innovation, and architectural prowess.
Strategic Real Estate Moves by Qatar’s Royal Family in Miami’s Financial District
In a significant real estate transaction that has captured the attention of the global financial community, members of Qatar’s esteemed royal family, the Al Thanis, have divested their interests in the SLS Brickell hotel, located in the heart of Miami’s bustling financial district. The property, which stands as a testament to luxury and opulence, was acquired for a sum of $55 million by the Kastrati Group, a conglomerate with Albanian roots.
The SLS Brickell, an architectural marvel situated at 1300 South Miami Avenue, encompasses 124 rooms, translating to a valuation of approximately $444,000 per room. The transaction was facilitated by Miami’s renowned broker, Jordan Karp, who represented both the Al Thanis and the Kastrati Group. Stefano Santoro, a notable figure in the disruptive real estate sector, played a pivotal role in assisting Karp from the buyer’s side. However, the brokers have maintained discretion regarding the intricate details of the buyer’s identity.
This acquisition is particularly noteworthy as it marks the Kastrati Group’s inaugural venture into the U.S. real estate market. Under the leadership of Shefqet Kastrati, the conglomerate boasts a diverse portfolio, spanning sectors such as oil, insurance, construction, and infrastructure.
The SLS Brickell’s history is as intriguing as its architecture. In 2018, an affiliate of the Al Thanis procured the hotel for $43 million from its original developer, the Coconut Grove-based Related Group. The hotel, a 54-story mixed-use edifice, was conceived by the visionary French architect Philippe Starck in collaboration with Miami’s own Arquitectonica. Its offerings include a sprawling 58,000 square feet of event space, gourmet restaurants, upscale bars, a rooftop pool terrace, and grand ballrooms. The management of the hotel is under the aegis of Accor Hotels, a global leader in the hospitality sector.
The real estate landscape of Miami continues to evolve, with the Al Thanis recently divesting an SLS Brickell restaurant space, which was acquired by Robert Rivani’s Black Lion Investment Group for $10 million. Furthermore, the Related Group, in partnership with the Allen Morris Company, has also developed the nearby SLS Lux Brickell Hotel & Residences.
In a broader context, the Miami real estate market has witnessed several noteworthy transactions. Michigan-based hoteliers Malik Abdulnoor and Sahir Malki recently invested $21 million in the Hampton Inn Fort Lauderdale/Plantation. Additionally, the Nakash family from New York, in collaboration with Michael Palmer, acquired the Beacon South Beach Hotel in Miami Beach for $23.5 million.
For hedge fund managers and investors, these transactions underscore the vitality and potential of the Miami real estate market, offering lucrative opportunities for those with a keen eye for value and growth.
