Tag Archives: brickell

Cipriani Residences Miami

Mast Capital Secures Record $600 Million Loan for Cipriani Residences Miami

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Cipriani Residences Miami

Miami’s real estate landscape is set to be transformed with the announcement that Mast Capital has secured a staggering construction loan of $600 million for the iconic Cipriani Residences Miami project. This historic achievement not only marks a significant milestone in Florida’s real estate history but also signals a new era of luxury living in the heart of Miami’s Brickell neighborhood.

The Financing Breakdown

Mast Capital, a prominent Miami-based developer, has successfully secured this monumental construction loan from Banco Inbursa, based in Mexico, and Ascendant Capital Partners, contributing $350 million and $250 million to the project. This collaboration has not only highlighted the confidence that these financial institutions have in the project but also underscores the rising demand for ultra-luxury residences in Miami’s thriving Brickell Financial District.

A Transformative Development in Brickell

Situated on the southern edge of Brickell’s bustling business district, Cipriani Residences Miami promises to redefine luxury living in this vibrant neighborhood. This groundbreaking project is the first-ever ground-up residence for the renowned Cipriani brand in the Americas. The highlight of this development is an 80-story luxury condominium tower boasting 397 residences, each offering breathtaking views of Biscayne Bay, the Brickell skyline, and Coconut Grove.

One of the project’s unique advantages is its strategic location, providing easy access to all Brickell destinations while benefiting from lower traffic density due to its proximity to the less congested southern areas of Brickell.

Developer’s Vision

Camilo Miguel, CEO of Mast Capital, expressed his excitement about the project, stating, “The unprecedented financing we have secured for this transformative development anchored in Brickell is a testament to the demand for an ultra-luxury condominium product in this neighborhood. We have assembled the highest caliber of architecture and design to execute this project and further solidify the position of Miami’s Brickell Financial District as a business and residential community.”

With the ongoing influx of new residents to Miami, driven by its cosmopolitan lifestyle, warm climate, and favorable tax environment, the demand for high-end residential properties like Cipriani Residences Miami is expected to continue its rapid growth.

Mast Capital’s Acquisition and Design

Mast Capital acquired the 2.8-acre site at 1420 S Miami Ave. for $103 million in December 2021, securing one of the last raw land parcels in Brickell capable of supporting such a large-scale, high-rise development. The condominium tower boasts a signature design by Bernardo Fort-Brescia of the renowned architecture firm Arquitectonica, as well as interiors crafted by the world-famous design firm 1508 London.

Luxurious Living at Cipriani Residences Miami

Starting at $1.7 million, Cipriani Residences Miami offers one- to four-bedroom residences ranging from 1,123 to 3,495 square feet, along with penthouses featuring private pools, with completion set for 2028. The Canaletto Collection, comprising six penthouses starting at $17 million, provides an even more exclusive experience, with private access to the tower’s speakeasy, dining spaces, and global concierge services.

Residents will have access to a wide range of amenities, including around-the-clock dining services by Cipriani, multiple swimming pools, a golf simulator, a pickleball court, a screening room, a library, a salon, a private dog park, a children’s playroom, and various à la carte services for a truly luxurious lifestyle.

Cipriani Residences Miami is poised to elevate luxury living in Brickell to unprecedented heights, and its development is sure to be closely watched by the real estate industry and luxury lifestyle enthusiasts worldwide. As the project takes shape and the Miami skyline continues to evolve, it’s evident that this prestigious development will play a pivotal role in shaping the city’s future. Stay tuned for updates on this monumental project as it progresses towards completion in 2028.

Developer Millennium Developments of Brickell LLC

Breaking News: Miami’s Stunning Brickell Tower Set to Soar to New Heights

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Developer Millennium Developments of Brickell LLC

Miami’s iconic skyline is about to get a breathtaking addition, as plans were officially filed yesterday for a striking new tower in the vibrant Brickell neighborhood. The project, which is sure to turn heads and spark excitement, has undergone some remarkable changes since its initial proposal.

Initially, plans for the tower outlined an impressive 57-story structure soaring to 685 feet above ground. However, the newly filed plans have unveiled a surprising twist – the tower is now set to reach a soaring height of 856 feet, but with a slightly reduced number of floors, standing at 52 stories tall. This change in height promises to provide an even more captivating presence on the Miami skyline.

One of the most exciting aspects of this development is its residential offerings. The new filing reveals that the tower will feature 458 luxurious residential units, showcasing a slight reduction from the previous count of 464. Among these, 225 units will be thoughtfully designed studios, offering a blend of elegance and functionality. The tower promises to redefine urban living, offering its residents an unparalleled lifestyle in the heart of Miami.

What truly sets this Brickell tower apart is its versatility. The recent filing introduces two distinct options for the tower’s use:

  1. Flexible Multi-Level Concert Hall: Imagine a state-of-the-art concert hall that can adapt to various performances and events. This option promises to become a cultural hub for the city, hosting everything from classical symphonies to contemporary music acts.
  2. Multi-Story Retail Complex: Alternatively, the tower can house a multi-story retail complex capable of accommodating a department store or similar retail vendors. This option aims to offer an unrivaled shopping experience, making it a go-to destination for retail enthusiasts.

In response to the city’s evolving needs, the tower’s new plans include a substantial increase in parking spaces. The previous proposal featured 467 parking spaces, but the updated filing now boasts a generous 660 parking spaces. This move reflects the developer’s commitment to providing convenient and accessible amenities for both residents and visitors.

To bring this ambitious vision to life, Millennium Developments of Brickell LLC, the developer behind this project, is requesting a special exception under Miami-Dade’s Rapid Transit Zoning plan. This demonstrates their dedication to adhering to local regulations while delivering a project that will undoubtedly redefine Miami’s urban landscape.

The architectural prowess behind this stunning tower is none other than BMA Architects. Their expertise and innovative designs are set to transform the Brickell skyline, creating a landmark that seamlessly merges modernity with the city’s vibrant culture and lifestyle.

Miami’s Brickell neighborhood is on the cusp of witnessing a remarkable transformation, with a stunning tower that promises to redefine luxury living, entertainment, and retail experiences. As this development takes shape, it will undoubtedly become an iconic fixture on Miami’s skyline, drawing residents and visitors alike. Keep a close eye on this project as it unfolds, and be prepared to witness a new era of elegance and innovation in the Magic City. Stay tuned for more updates and insights on this exciting venture!

1428 Brickell Dining Room

Introducing the Pinnacle of Luxury-The $60 Million Penthouse at The Residences at 1428 Brickell

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The Residences at 1428 Brickell Penthouse Balcony

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 Residences at 1428 Brickell Great Room Penthouse

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 Residences at 1428 Brickell Primary Bathroom with Outdoor Balcony

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.

Walk in Closet at the Penthouse 1428 Brickell
The Residences at 1428 Brickell Primary Bath
The Penthouse at 1428 Brickell Primary Bedroom
Kitchen at 1428 Brickell

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.

Great Room at The Penthouse 1428 Brickell
1428 Brickell Penthouse Kitchen
Miami River

Construction Update for Two Riverside Tower in Brickell

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Miami River

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.

Calle 8 in Brickell

Miami Commissioners Approve Four Residential Towers in Brickell

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Calle 8 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.

Menesse in Brickell
Westpine in Brickell
Sentral in Brickell
848 Brickell Proposed in Financial District

Key International Sets Sights on Miami’s Financial District with a Pioneering Office Tower

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Key International Proposes 50 Story Tower

In the heart of Miami’s bustling Financial District, Key International, under the leadership of co-presidents Inigo and Diego Ardid, is poised to redefine the skyline with their ambitious plans for 848 Brickell Avenue. This isn’t just another office building; it’s a statement of intent, a 50-story beacon that promises to elevate the standards of Class-A office spaces.

The architectural maestros behind this venture are none other than Skidmore, Owings & Merrill (SOM), the globally acclaimed firm responsible for iconic structures such as the Burj Khalifa and One World Trade Center. Their involvement alone signifies the magnitude and prestige of this project.

Positioned strategically in the sought-after Brickell neighborhood, the tower will be a stone’s throw away from the Brickell City Center and a plethora of upscale dining and retail establishments. Once completed, it will soar to an impressive height of approximately 761 feet, making it a dominant feature of Miami’s skyline.

Diego Ardid, co-president of Key International, shared his vision for the new 848 Brickell. He envisions it as more than just a workspace; it’s a testament to architectural prowess combined with unparalleled amenities that will reshape Miami’s work culture. This isn’t just about meeting expectations; it’s about surpassing them.

The tower is meticulously designed to cater to the burgeoning demand for luxury office spaces in Miami. Boasting 750,000 square feet of office real estate, prospective tenants can expect floor plans ranging from 19,000 to 27,000 square feet, tailored to accommodate diverse sectors such as law, technology, and notably, finance.

What truly sets this building apart is its emphasis on holistic well-being. It’s not just about work; it’s about wellness. The building champions both LEED and WELL rating systems, underscoring its commitment to environmental sustainability and the health of its occupants. Features such as residential-style balconies foster a connection with nature, while a sprawling 40,000-square-foot amenity level, complete with outdoor meeting spaces, lounges, a state-of-the-art gym, an outdoor walking trail, and two regulation-sized Padel courts, ensures that work-life balance isn’t just a catchphrase—it’s a reality.

New Commercial Tower Proposed in Brickell
848 Brickell Proposed in Financial District
SLS Brickell Hotel

Strategic Real Estate Moves by Qatar’s Royal Family in Miami’s Financial District

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SLS Brickell Hotel

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.

Exterior for Residential Tower in Brickell

New Residential Tower Announced in Brickell

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Exterior for Residential Tower in Brickell

Chicago-based developer Focus has recently released renderings for a new 39-story residential tower in Brickell. The abandoned Starlite Motel land in Brickell is where the residential tower will be built. The Starlite Motel has already been demolished in preparation for construction.

On August 30, Miami-Dade County received the zoning and general plan applications. The project is being approved through the county’s Rapid Transit zoning procedure, which has grown to be a popular substitute for the City of Miami approval procedure. From a pre-application submission on August 4, renderings have been revised. Gensler is the architect.

Development Information:

  • 517 residential units
  • 8,282 sq. ft. of ground floor
  • indoor/outdoor and rooftop amenity space
  • 506 parking spaces

According to a letter from the developer, the project also has cross-block connectivity on the ground floor via a driveway and walkway on the west side of the property, which will enhance both vehicular and pedestrian circulation inside and outside the development.

Residential Tower Announced in Brickell
Summit Brickell Proposed

Summit Brickell Proposed in Brickell Miami

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Summit Brickell Proposed

In the Brickell district of Miami, Lore Development Group has submitted designs for, Summit Brickell, a mixed-use development at 1015 Southwest 1st Avenue.

The 69-story tower would be built on a 22,712-square-foot plot of land that is near the Brickell Metromover Station, on the southeast corner of SW 1st Avenue and SW 10th Street. The almost 843-foot-tall building, designed by Corwil Architects, would have an interior area of 875,525 square feet, including 500 residential units, 2,174 square feet of ground-floor retail space, and an integrated 11-story garage with 480 parking spaces.

Renderings of a modern, elegant tower with rounded corners and dynamic moving volumes have just been unveiled. This tower is intended to easily blend into the surrounding urban landscape. The tower’s use of continuous balconies, which gracefully round the building and provide future occupants with spectacular panoramic metropolitan views, is a standout feature. With an approximate height of 843 feet, the tower dominates the Brickell skyline and dwarfs nearby buildings in size. The height between the mechanical level and elevator bulkhead and the rooftop is around 825 feet.

The property has a gross area of 1.011 acres, or 44,020 square feet, and a net area of 0.520 acres, or 22,712 square feet, according to the registration paperwork. The property was purchased for $35 million by Lore Development Group, a partnership between Leste Group and the Brazilian real estate company Opportunity Fundo de Investimento Imobiliário. It consists of several properties, including 74, 78, 84, and 88 SW 10th Streets, 1013, 1015, and 1021 SW 1st Avenues.

The property is expected to offer a range of unit sizes, from 496 to 1,436 square feet, including studios, one-bedroom, two-bedroom, and three-bedroom floorplans. It is anticipated that the flats will be offered for rent given their size. Residents will have access to additional recreational areas thanks to the facilities, which will be housed on the 13th and 69th floors and include a rooftop pool deck.

Due to the fact that this is the pre-application stage, detailed information regarding the material board is not available. However, it may be assumed from the elevation diagrams that the balconies will include wrap-around glass railings, acting as both decorative and utilitarian elements that emphasize the towers’ elevations. Floor-to-ceiling glass panels with aluminum frames are anticipated for the windows, and gray stucco is probably what will be used to complete the external walls. A metal mesh screen is planned to cover the garage, adding a distinctive visual aspect. Additionally, it is planned to add glass panels to the towers’ crowns to further improve the development’s aesthetic appeal.

According to reports, construction on the project will begin in June 2024 and finish in the summer of 2027.

Summit Brickell
Lofty Brickell Skydeck

Rooftop Skydeck Design Revealed for Lofty Brickell

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Lofty Brickell Skydeck

Newgard Development Group has recently revealed designs for a rooftop sky deck on the 44th floor at Lofty Brickell.

The 10,000-square-foot space can host private events of all sizes, from intimate corporate get-togethers to wedding celebrations. The rooftop will have a catering kitchen, a private pool, modular couches, movable bars, and gorgeous vegetation. When events are not occurring, owners will have exclusive use of the area.

According to the newest press release, the project has reportedly been sold out more than 92% overall with a few penthouse units left, beginning at $2.2 million.

The 362-unit LOFTY, designed by Arquitectonica, has 40,000 square feet of thoughtfully chosen amenities, including a private marina, a members-only social club, resort pool deck, and fitness center, indoor/outdoor cigar lounge, co-working lounge, meeting rooms, along with 309 tower residences, including studio, one-, and two-bedroom units.

The 53-unit Penthouse Collection at LOFTY features roomy two-, three-, and three-bedroom plus den apartments that have been carefully selected and will be outfitted by renowned design firm Artefacto. Penthouses range from $1.95 million to $3.5+ million.

A 5-star alternative for the owner and traveler who might choose to stay and own differently but does not want to give up the services and amenities of a hotel, LOFTY is the next evolution of condo ownership, located just across from Brickell City Centre. Each home will be delivered finished and furnished, and short-term rentals are allowed under professional supervision.

The 44 levels of upscale interiors at LOFTY were designed by INC, the multi-disciplinary INC Studio. The landscape designer is Urban Robot Associates.

The 44-story luxury condominium located at 99 SW Seventh St, Miami is now under construction on the Miami River. The new partnership with YUPIX is expected to boost interest in LOFTY even further.

If you or someone you know have an interest in purchasing at LOFTY, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Lofty Brickell New Renderings
Lofty Brickell Skydeck Restaurant