Waldorf Astoria Reaches 72% Sold and Ground Breaking Scheduled for 2022
Things are moving along with Waldorf Astoria Miami Hotel and Residences. At just 72% sold, developers have officially announced the ground-breaking for the elusive 100-story Miami tower.
The pre-construction tower is being developed by PMG (Property Markets Group and Greybrook Realty Partner in a joint collaboration. Rising 1,048 feet tall, Waldorf Astoria Hotel and Residences Miami will be the tallest Miami tower and Miami’s first supertall skyscraper.
According to the Managing Partner of PMG, Ryan Shear, the 72% mark was achieved in just 9 months. Shear also stated, “Miami is booming and quickly entering a new development cycle, and we are thrilled to be part of the Waldorf Astoria Miami’s legacy, which will forever transform the city’s skyline.”
In the press release of Waldorf, the developers stated that around 55% of buyers are domestic while 45% are international buyers. Most of the domestic buyers were from the Northeast, California, and South Florida. The international buyers include Mexico, Russia, Turkey, and Colombia.
This luxury project will include 360 condo residences, 205-key hotel rooms operated by Waldorf Astoria.
Towe Amenities:
Private bar/wine tasting room
Signature restaurant
Meeting and boardrooms
All-day dining brasserie
Waldorf Astoria Kids Club
Peacock Alley
True Waldorf service and concierge
24-hour valet parking
Waldorf Astoria immersive resort-style pool with outdoor cafe and private cabanas
24-hour doormen and lobby desk attendants
Live-in resident manager and 24-hour security
24-hour concierge services as well as access to dedicated on-site professionals
Signature spa
A leading-edge fitness center with private training studios
Owners Lounge with high ceilings, billiard and entertainment room, and adjacent catering kitchen
Private residential pool deck with whirlpools and lounging areas
Frontdoor package and service delivery via signature Concierge Closet
Exclusive Waldorf Astoria Miami access and benefits, including preferred spa and restaurant rates and access to a la carte hotel services
Residence Features:
The latest “smart building” technology with a custom Waldorf Astoria Residences app linking residents to 24-hour concierge services and building amenities
10-foot-high ceilings with floor-to-ceiling windows sporting stunning views of the city, Biscayne Bay, Miami Beach, and the Atlantic Ocean
All residential interiors designed by award-winning interior design firm BAMO
A contemporary lighting package including recessed lighting, dimmers, and lighting control
Includes integrated audio, video, and lighting systems
Fully built-out closets in all residences curated by BAMO
Flooring selections included with specifications recommended by BAMO
Built-in top-of-the-line in-unit washer and dryer
Valet parking included
Pre-wired for high-speed communications and data connection
Sub-Zero and Wolf appliance package with wine storage and integrated paneled microwave, dishwasher, built-in convection oven, and refrigerator/freezer
Kitchens featuring custom Italian cabinetry curated by BAMO
Dornbracht and Duravit bathroom fixtures and accessories
Master bathrooms with rainfall showers and custom Italian vanities
The building was designed by Carlos Ott and Sieger Suarez Architects. The design will resemble nine large, staggered/stacked glass cubes. The interiors of Waldorf Astoria Residences Miami were designed by BAMO.
Currently, there is a construction permit currently under review with Miami’s Building Department. The groundbreaking is scheduled for the first quarter of 2022 with a completion date set for 2026.
Elite Supermodel Adriana Lima Sells Waterfront Indian Creek Mansion for $40 Million
Former Victoria Secret supermodel, Adriana Lima sold her oceanfront Indian Creek Island mansion for $40 million.
Lima purchased the estate located at 22 Indian Creek Road in 2009 for $9 million and then remodeled the home completely in 2020. The home was originally built in 1958 and features 6,465 square feet of living space.
The old listing photos show the all brick ranch situated on 1.84 acres bayfront. The photos also show a traditional floor plan with wood-paneled walls and the original kitchen. The expansive patio overlooks a large dock and gorgeous ocean views.
The 6,465 square-foot mansion was built in 1958 and might be demolished. According to public records, Lima had the home’s interior remodeled in 2020. Although it was remodeled by Lima, the new buyers may demolish the property.
According to public documents, the trust associated with Lima, a Brazilian model, and former Victoria’s Secret Angel, paid $9 million for the four-bedroom, four-bathroom mansion in 2009.
According to the data, both the buyer and the vendor attempted to conceal their identities. Gordon Weiss, the proprietor of the CPA company Weiss & Weiss, manages the sale. Melep International Ltd, a British Virgin Islands company, is named as the buyer. The buyer’s genuine identity is unclear.
Indian Creek Island is a barrier island located in Biscayne Bay and has always attracted the super-wealthy dubbing its name “Billionaire Bunker.” On 294 acres of Island, 41 estates are nestled on the exclusive island surrounding a golf course and country club.
The island is heavily guarded, employing its own professional police force with an armed patrol boat, jeep, and jet-ski, operating 24 hours a day. Record-breaking home sales are commonplace on Indian Creek Island, where extravagance and utmost privilege are the standards.
Just Revealed: Related and Merrimac Announces New Tower The Crosby Miami Worldcenter
Related Group and Merrimac Ventures are now teaming up to develop a residential tower with no rental restrictions in the heart of Miami, The Crosby Miami Worldcenter.
The Crosby Miami Worldcenter will sit on 0.55 acres in the Park West neighborhood of Miami. Rising 31 stories tall, the residential tower will feature 450 condo units. The units themselves will be fully furnished and finished from studios to two-bedroom floor plans. Square footage will range from 350 to 825 square feet and pricing will begin in the low $300,000. Interiors will be curated by AvroKo.
Residence Features Include:
9-foot-high ceilings with floor to ceiling glass windows
Balcony with every residence
Finished interior and exterior flooring
Gourmet kitchens featuring custom Italian cabinetry
Bosch appliances, including paneled refrigerator/freezer, dishwasher, built-in convection oven/microwave, and cooktop
Rain showers in primary bathrooms and custom Italian vanities
Full-size washer and dryer in unit
Fully built-out closets
Contemporary lighting packages, including recessed lighting, dimmers, and lighting control
Brilliant smart-home system offering seamless personalization with the touch of a button, including the ability to control audio, climate, window treatments, and lighting systems
Smart keyless entry system allowing you to unlock your door via smart app, door code, keycard, or Apple Watch
The Crosby will be designed by Cohen Freeman Encinosa (CFE) Architects. The design of the tower appears modern with floor-to-ceiling glass windows on every floor and expansive terraces throughout. The Crosby features over 22,000 square feet of luxury amenities from a rooftop pool to a ground-floor restaurant.
Tower Amenities Include:
Expansive rooftop resort-style pool with jacuzzi, cabanas, and grilling stations perfect for entertaining
Private rooftop restaurant/bar Italian inspired trellis garden
Inviting fire pit lounge with breathtaking views of the Biscayne Bay skyline
State-of-the-art fitness center featuring saunas and plunge pools
Clubroom with private dining and stunning water views
Convenient juice and coffee bar
Spacious coworking center
Gaming lounge
Curated museum quality art throughout all common areas
24/7 security services, high-speed elevators, and controlled property access
24/7 concierge services European porcelain flooring
According to Nick Pérez, a Senior Vice President at Related, it took around two years to come to terms for the project with the managing partner at Merrimac and a co-developer, Nitin Motwani. The developers paid $12 million for the site.
The Crosby will have no rental restrictions and the buyers are able to rent out their units using any available platform for as many days as they would like. In the announcement, Related expects the buyers to be mostly investors due to there being no restrictions.
According to Motwani of Merrimac, “This will be the only for-sale product at Miami Worldcenter.”
The construction costs have not been disclosed and construction is expected to begin in 2023 with a completion date of 2025.
Terra Group Receives $141M Construction Loan for Mixed-Use Project in Bay Harbor Islands
Miami’s very own Terra Group has received a $141 million construction loan for its Bay Harbor Islands mixed-use project.
According to a statement from a Terra affiliate that owns the site, the Coconut Grove-based business received finance for its construction at 1177 Kane Concourse. The lender is Mack Real Estate Credit Strategies.
Terra, led by David Martin, spent $31.5 million for the site on Kane Concourse and West Bay Harbor Drive in June.
The release states that the project would include a residential aspect as well as Class A workspaces as well as retail space. There will be a “signature food and beverage” concept on the main level of the tower.
Specifics on the project have not been released like square footage and where the tower will include condominium units or apartments.
Northwood Ravin and Wharton Equity Partners’ Wharton Urban real estate investment platform obtained clearance from the council in 2020 for 90 residential units, 98,800 square feet of office space, and 14,900 square feet of commercial space. Terra Group took over the development agreement issued to the sellers by the Bay Harbor Islands Town Council.
Last summer, soon before Terra purchased the land, the Town Council agreed to transfer the development agreement to Terra’s affiliate.
Another Former Miami Heat Player Sells Miami Mansion
We have been seeing a lot of Miami Heat basketball players, as well as former players, sell their Miami homes. Now we can add former center, Meyers Leonard to the list with his recent sale of a Bay Point waterfront home for $10.89 million.
Leonard and his wife, Elle purchase the home in February of this year for $7.78 million. The property is located at 741 Buttonwood Lane features 6,819 square feet of living space sited on 0.43 acres on an interior lot in a canal with direct access to Biscayne Bay.
The modern waterfront with vine-covered loggias surrounding the exterior showcases 7 bedrooms with 8.5 bathrooms. The estate was built in 1996 and was renovated in 2018 to feature high ceilings, Italian cabinetry by Italkraft, oak hardwood floor throughout, and stainless steel appliances. Outdoors, you will find a 2 car garage, entertainment area with custom seating, and a heated pool/spa. The new owners will also enjoy the aluminum deck with a boat lift.
Eduardo Marquez and his wife Gabriela are listed as the buyers for this property. Marquez is the President of Lucky Player Vodka (located in Miami). The mortgage for the buyers was provided by Citibank for $6 million.
Meyers Leonard, originally from Virginia, played high school basketball for 2 years then was drafted into the NBA in 2012. He was a first-round draft pick but 11th overall. He was traded from the Portland Trail Blazers to the Miami Heat in 2020 where he assisted the Heat to reach the NBA Finals for that year. In 2021, he re-signed another contract with Miami but ended up injuring his shoulder in January 2021.
In a recent Instagram post, Leonard stated on his future of the NBA, “I’m simply not healthy enough to play.” He also stated that he is looking forward to 2022 and what is in store for his career and family.
Miami Heat Player PJ Tucker Rents $22,000 Waterfront Home in Coral Gables
Anthony Leon “P. J.” Tucker Jr., NBA Star Forward for the Miami Heat recently rented a waterfront property located in Coral Gables.
The rental located at 25 Arvida Parkway, was last listed for $22,000 monthly. The waterfront home is located in the gated community of Gables Estates that sides to Biscayne Bay.
The property was built in 1968 and sits on 0.68 acres with 100 feet of Biscayne Bay water frontage. The open concept mid-century home features 7,343 square feet of living space with 5 bedrooms and 4.5 bathrooms. Marble floors span throughout opening to floor-to-ceiling windows.
What makes this home so spectacular is the 2 grand living rooms, a formal dining room, and the spacious chef’s kitchen. The home also features a 3 car garage, a deck, pool, dock with a boat lift. The seawall has also been recently replaced. According to the listing, there is an application fee of $35,000 as well as acceptance by the community club.
The estimated worth of the home is listed at $30 million.
Tucker began playing ball in college for the Texas Longhorns. Some major accomplishments include his 2008 Israeli Basketball Premier League MVP and his Israeli Super League. This year, Tucker also won an NBA Championship with the Milwaukee Bucks.
Other notables that reside in the community include rapper and songwriter, Pharrell, healthcare billionaire, Mike Fernandez, and another Miami Heat Player, Alonzo Mourning.
The Real Wolf of Wall Street Now Calls Miami Home
We can’t stress enough how hot Miami is right now! And we aren’t talking about the temperature. Notables, celebrities, and execs are moving to Magic City daily and another one just joined the ranks. Recently announced that the real ‘Wolf of Wall Street,’ Jordan Belfort is Miami’s newest resident.
Recently, Belfort eloped in Las Vegas with model and now wife, Cristina Invernizzi. Invernizzi is originally from Argentina and is listed as Belfort’s third wife. Belfort and Invernizzi are moving from Las Vegas.
So who is Jordan Belfort? You may have seen the 2013 The Wolf of Wall Street movie starring Leonardo DiCaprio portraying Jordan Belfort. But to dive deeper, Belfort was a former stockbroker who pleaded guilty to multiple crimes related to stock market manipulation and the running of a long-term scam involving penny stocks sending him to prison.
Belfort grew up in Queens, New York where he began selling at a young age. His friend any him would sell Italian water ice desserts out of inexpensive styrofoam coolers at a beach during the summer months where they would earn around $20,000 every summer. Belfort later went to American University where he studied biology and later went to dental school for a short period. In the 1980s Belfort founded Stratton Oakmont, an over-the-counter brokerage house and financial firm that did remarkably well until he was later caught.
Since his sentencing and prison sentence, Belfort has profited off of 2 memoirs that discuss his life during the Stratton Oakmont era, as well as a self-help book on persuasion and influence.
More recently, Belfort has been participating and becoming fully engulfed in the Miami scene. During Art Basel week, he released his very first NFT. The NFT portrays Belfort partying on a yacht surrounded by models, helicopters, and helicopters flying overhead. One of the fascinating depictions includes the yacht being surrounded by FBI agents. David Yarrow is the photographer for the piece.
Another announcement includes Belfort’s announcement for his very own tequila coming to a shelf near you, Mezcel Santo Inferno. We can’t wait to see what else The Wolf has in store for Miami!
Top Tech Giants That Made the Move to Miami in 2021
A slew of new technology executives and investors have relocated or acquired houses in Miami during 2021. This is of no surprise with the growing tech industry, cryptocurrency evolution, and just better benefits/housing opportunities for companies/execs emerging in the Miami area.
Here are the top 10 big tech execs that have made their way to Miami in 2021:
Co-founder of Paypal, Peter Thiel recently purchased 2 Miami mansions for a total of $18 million in Miami Beach. Thiel is also the co-founder of Founders Fund who recently leased office space in Wynwood.
General partner for Bling Capital, Benjamin Ling purchased a mansion on Palm Island for $28 million.
CEO of Goody, Edward Lando purchased a $15.1 million mansion on the Venetian Islands. Not only did he purchase on the Venetian Islands but he did purchase a Miami Beach home in April for $3.3 million.
CEO of PKWARE, Spencer Kupferman purchased a waterfront mansion in Bay Harbor Islands for $12.75 million in September.
Former CEO of Paypal, Bill Harris relocated to Wynwood where he launched Nirvana Technology in 2021.
CEO of SeedInvest, Ryan Feit moved to Miami shortly after he opened an office for this company in Miami.
Co-Founder of Oracle, Larry Ellison bought a mansion in North Palm Beach after Oracle downsized and relocated to South Florida.
CEO of Teal, David Fano moved his corporate headquarters from New York to Miami in February 2021.
Co-Founder of Spectrum Labs, Justin Davis moved to South Florida after Spectrum’s headquarters moved from San Francisco to Miami even though they are still allowing their company’s employees to work remotely.
TechCrunch Founder, Jack Arrington purchased a home in Coral Gables for $16 million in the Old Cutler Bay neighborhood.
Miami is not only the ideal location for techies but for the Month of November, Miami was considered one of the most popular U.S. destinations to relocate to. This is the fourth month in a row that Miami is leading the nation and you can bet, that it will continue to be the go-to city.
YouTube Stars Jake and Logan Paul Purchases Two Penthouses at E11EVEN Residences Beyond
Brothers, YouTube personalities, TikTok stars, and boxers Jake and Logan Paul are purchased two penthouses at E11Even Residences Beyond for $20.5 million.
According to Marc Roberts, one of the developers of the E11even Residences Beyond and E11even Hotel & Residences projects, the brothers agreed to acquire the penthouses last week after taking an augmented reality (AR) virtual tour of the future luxury building.
The brothers took the AR tour with their mother, Pam Stepnick, and Jake Paul’s girlfriend, Julia Rose, during a sneak visit of E11even Residence Beyond’s sales office. Following the tour, the brothers each placed their initial 10% deposits, which will not be refundable in two weeks.
According to Roberts, “It was a few days after Jake fought in Tampa. He came over to the sales center with his brother, Logan.”
Yupix, a Miami-based technology business, developed the AR technology.
Located directly next to E11EVEN Hotel & Residences at 20 NE 11 Street in the Park West neighborhood, Beyond will be connected by a signature bridge allowing residents to go back and forth but only Beyond residents can have access to the original building and not the other way around. Like we said, exclusive.
Co-developed by PMG and E11EVEN Partners, E11EVEN Residences Beyond will feature 461 fully furnished and fully finished luxury units. Floor plans will range from studio to two bedrooms plus a selection of limited penthouses. E11EVEN Residences Beyond, designed by Sieger Suarez Architects will rise 65 stories tall and will feature a similar design to that of E11EVEN Hotel & Residences.
All residences were designed by the award-winning design firm, Avroko Hospitality Group. These units have been specially curated with luxury in mind. Residence amenities will feature high-end appliances like Sub-Zero and Wolf, which will include a microwave, dishwasher, and a built-in convection oven. A custom lighting package, fireplace, and a top-of-the-line washer and dryers are also in the units. One valet-only space is included with each standard unit.
E11EVEN Residences Beyond will feature all of the same luxury amenities that E11EVEN Hotel & Residences have to offer.
Amenities:
Signature restaurant
93-foot resort-style pool with a private lounge on level 14
A state-of-the-art fitness center
Access to E11EVEN Beyond Member’s Club
Executive office suites
Workspaces
Helipad with charters available for Beyond residences
*Residents can also enjoy all of the amenities that E11EVEN Hotel and Residences have
Prices at E11even Residence Beyond begin in the mid $300,000s for 318-square-foot homes. The size of a penthouse starts at 2,213 square feet.
E11EVEN Residences Beyond is scheduled to break ground in 2022 and is already at 50% sold.
