The completion of The Residences at Six Fisher Island, a luxurious 11-story structure, is targeted for 2025. The 50 units in the Kobi Karp-designed high-rise project will have floor designs with three to five bedrooms. Each one ranges in size from 3,870 to 8,400 square feet.
The invitation-only development will also feature a select number of penthouses.
The Residences at Six Fisher Island is located at 6 Fisher Island Drive, Miami Beach. It is situated on the northern side of Fisher Island, east of Florida 395.
Residence Features:
Views of the Atlantic Ocean and convenient elevator access
Outdoor kitchens and private pools.
Kitchen, wardrobes, and bathrooms were created by Tara Bernerd & Partners
Tower Amenities
Swimming pool
Pickleball court
Spa
Fitness facility
Residents’ lounge
Kobi Karp is listed as the architect, and the overall design is inspired by the idea of connecting indoor with outdoor spaces. Units start at $15 million.
Oprah, Julia Roberts, and Mel Brooks are all known to have lived on Fisher Island in the past. The enclave has also received some accolades: Bloomberg found in April 2018 that Fisher Island, with an average income of $2.5 million in 2015, was America’s wealthiest ZIP code.
Construction Update for West Eleventh Residences
The Federal Aviation Administration has received a request from developers, Property Markets Group, Lion Development Group, and Marc Roberts Companies to approve their most recent project, West Eleventh Residences.
The new development will rise 44 floors and feature 659 completely furnished, turn-key homes and a spectacular 30,000 square foot, tri-level immersive entertainment and culinary hall on the first floor.
The project located at 18 Northwest 11th Street in the Park West District, will be the first of its kind for a special emphasis on offering flexible short-term rental options and centralized management.
On March 6, 2023, the FAA received an application for the tower that would be 482 feet or 493 feet above sea level.
Records from the Miami Building Department show that the demolition permits for the West Eleventh Residential Property were submitted on February 22. 12,473 square feet of demolition are part of the project’s scope and are expected to cost $67,285. The general contractor is identified as Chin Diesel Corp.
Residents of West Eleventh will have access to more than 20,000 square feet of luxurious amenities that have been carefully selected to maximize owner comfort. A resort-style pool, exclusive lounge areas, cutting-edge fitness and wellness facilities, a renowned on-site restaurant, and more are available as amenities.
The beginning of sales for West Eleventh Residences was announced by the developers in February. Owners will have the exceptional option to welcome guests on Airbnb 365 days a year, with completely centralized management and hotel-level amenities, thanks to the development. The concierge staff will give resources for quality photos and help owners create tailored listings, including writing the ideal ad description.
West Eleventh Residences is a part of the ambitious District 11 development along Northwest 11th Street in Miami’s Park West neighborhood, which also includes three buildings. The 65-story towers E11EVEN Residences and E11EVEN Residences Beyond are being built in addition to West Eleventh Residences by the developers. The renowned Sieger Suarez Architects are responsible for the design of all three projects, displaying their prowess in building stunning skyscrapers that meet the demands of contemporary living.
Rothschild & Co. Financial Services Signs Lease at 830 Brickell
One of the biggest independent financial advice firms in the world, Rothschild & Co. will be opening up a location in the heart of Brickell’s newest construction commercial tower.
With many businesses choosing to occupy space at 830 Brickell, the deal signifies a continuation of South Florida’s flood of newly established businesses. Around 90% of the 640,000 square foot project is anticipated to be finished this year. It will be Brickell’s first brand-new independent office tower in more over ten years.
In addition to Microsoft,Citadel, the international law firms Kirkland & Ellis, Sidley Austin, Winston & Strawn LLP, and Baker McKenzie, A-CAP Insurance based in New York, the private equity firm Thoma Bravo, the companies CI Financial, and Marsh Insurance have signed leases in the past few months.
About 830 Brickell
830 Brickell is a 55 story Class A office tower located in the Brickell Financial District. Developed by OKO Group and Cain International, the tower was designed by Adrian Smith + Gordon Gill. Interiors have been designed by the Italian architecture company, Iosa Ghini Association.
830 Brickell totals 650,000 square feet.
With floor-to-ceiling windows, column-free spans, cutting-edge digital infrastructure with Wired certification, and a LEED Silver certification due to its innovative environmental efficient design, 830 Brickell will offer breathtaking panoramic ocean and city views that are unique to Miami.
An upscale rooftop restaurant and bar, a sky lobby with a nearly 2,500 SF health and wellness center and a first-rate conference facility, a 14th floor outdoor terrace designed by Enea Landscape Architecture, valet parking, electric vehicle charging stations, cafés, and white-glove customer service, including a 24-hour concierge, are just a few of the cutting-edge, first-class amenities offered by the tower.
OKO Group and Cain International are also responsible for Una Residences and Missoni Baia, residential towers in Miami. Missoni Baia has already reached 90% sold. Una is currently scheduled for completion in 2023. 830 Brickell should be completed by the end of 2023.
$80 Million in Sales in the Last 60 Days at The Elser Hotel & Residences Miami
In the last 60 days, sales of $80 million have been completed at the 49-story luxury condominium building The Elser Hotel & Residences Miami, which is under construction nearby at 398 NE 5th St.
With 75% of purchases coming predominantly from Colombia, Mexico, and Chile, this enormous sales volume indicates the crucial return of Latin American investment in South Florida as well as the persistently strong demand for turnkey, new construction properties in the center of Downtown Miami.
The Elser Hotel and Residences are located in the same lively area and have the same sparkling views of Biscayne Bay that Elser Pier did in the early 1900s. Elser Pier’s prime location in Miami’s thriving downtown area contributed to its status as the city’s top convention and entertainment hub.
Tourists and locals alike were drawn to the pier’s variety of venues and waterfront views. The legacy and extraordinary success of Elser Pier altered the future outlook for the corridor and created the foundation for the bustling bayfront metropolis we know today.
The Elser Residences Miami is a development of carefully designed studio, one-, two-, and three-bedroom condos. Elser, located in Miami’s most alluring area, Downtown Miami, will provide a vibrant and rich community fuelled by culture, glitz, and wellness. Find a wealth of amenities for living, working, and playing. Units will be available this summer for move-in.
Facts and Features
49-story tower located in Downtown Miami
Developed by PMG and Greybrook Partners
Designed by internationally renowned architecture firm Sieger Suarez Architects
Approved for short-term rentals
On-site hospitality management
Views of the Miami skyline, unobstructed views of Biscayne Bay and the Atlantic Ocean
Over 19,000 square foot double-height amenity deck overlooking Downtown Miami
and Biscayne Bay
132-Foot Resort Style Pool with private lounge areas
Two-Level Modern Gym & Fitness Studio
Co-working Lab
Valet Parking
Electric Vehicle Charging Stations
Latest Smart Building Technology
Only The Elser Hotel & Residences Miami would have a short-term rental program that was expertly run by a five-star operator among the current inventory in Miami. The structure would be open to unlimited day rentals.
Residences start at $600,000 or the equivalent in bitcoin, according to PMG Residential, the property’s exclusive sales team.
Sales Launch for Rivage Bal Harbour
In Bal Harbour, the Related Group, Two Roads Developers, and Rockpoint have started taking reservations for an opulent condo on the beach.
At 10245 Collins Ave., Rivage Bal Harbour will include 61 “sky villa” condos spread over 24 stories. By purchasing the Carlton Terrace condo building and ending its association, the developers, acting via Carlton Terrace Owner LLC, obtained the 2.55-acre site. The high-end skyscraper will take the place of the existing condo.
This is part of a pattern where developers are purchasing older condos along the ocean in South Florida since the property is now worth more than the older condo towers, which frequently need a lot of upkeep as they get older.
In the meantime, there is a significant demand for large condos on the ocean in Miami-Dade County due to an inflow of wealthy residents from high-tax areas.
The Rivage Bal Harbour will include apartments ranging in size from 3,300 square feet to 13,000 square feet for penthouses. Prices range from $8 million to $64 million for them.
In addition to a fitness pavilion, a hammam spa, and pickleball courts, the property will have more than 25,000 square feet of wellness-related activities. A pool, a cocktail lounge, a VR game simulator, and a kids’ playroom will all be available as extras.
CFE Architects in Miami Lakes and Skidmore, Owings & Merrill in New York collaborated to create Rivage Bal Harbour. The interior designer is Rottet Studio.
Before the end of 2023, the developer claimed they intended to start construction on the condo.
Construction Update for Namdar Towers
There has just been a huge new utility agreement recorded that will add roughly 1,400 new apartments to downtown Miami. The agreement will enable Namdar Towers to start construction. The Building Department of Miami is already processing permits for the project.
The contract was signed by Ephraim Namdar on behalf of the development companies 50 North Miami LLC and 222 North Miami LLC, both of which have addresses in North Great Neck, New York. A $1,301,083.65 connection cost is anticipated.
According to a press statement from August, the project has secured a $195 million acquisition and construction loan.
In October, the Namdar Towers project was submitted to the UDRB. Miami’s Building Department is currently reviewing permits for development and demolition.
A 41-story structure with 680 units and a 43-story building with 714 units would make up the proposed Namdar Towers, which would have combined square footage of more than 1.2 million.
This project is planned in 2 phases, the 41-story tower will be part of phase 1 while the 43-story tower will be part of phase 2.
Development Information:
1,394 units
Pools
Fitness center
Bowling rooms
Golf simulators
Co-working space
7,984 sq. ft. of commercial space
336 parking spaces in a five-level garage
1,395 bicycle racks
The architect is identified as Behar Font. Permitting for construction and demolition is already in progress.
According to its website, Namdar is a family-owned development company that was established in 1979. Ephraim Namdar, who has previously been named in media sources as the company’s founder and CEO, is in charge of running the LLC that bought the Miami property.
Standard Residences Construction Update
Developer for The Standard Residences, Ross Development has officially applied for a construction update. The plans were originally filed on December 14.
Situated between the Design District and Wynwood, the Standard Residences will rise to 12 stores and will feature 228 luxury hotel branded units curated by Urban Robot and Standard International. Arquitectonica is listed as the architect on the project.
The luxury units range from 432 to 965 square feet of living space with the studio to two-bedroom floor plan options still available. Prices will range from $469,900 to $949,900
Price Breakdown
Studios starting at $469,900
1-bedroom starting at $699,900
1-Bedroom + Den starting at $809,900
2-bedrooms starting at $949,900
The units will feature cubby kitchens designed by Urban Robot, expansive 6′ deep terraces, and master baths with double showers. Unit owners will be able to rent their units for periods of up to 30 days with exclusive benefits to friends and family.
Amenities:
35,000 square feet of amenities
10,000 square feet of retail space
Expansive lobby with lounge areas and a cafe
Rooftop restaurant
Bar
60-foot resort-style pool
Sweat room and fitness center
Indoor pickleball court
Yoga and stretch studios
Karaoke bar
Pet Spa
Party room
Carols Rosso, owner of Rosso Development has stated that this is his first major development since he left the Related Group. Rosso hinted at additional Standard-branded residential projects in the pipeline.
Standard International, currently operates 16 hotels in the United States and across the world and owns a waterfront hotel on the Venetian Islands in Miami Beach named the Standard Spa.
The Standard Residences are already 70% sold with construction completion slated for 2024. If you or someone you know have an interest in purchasing at The Standard Residences, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Casa Tua Announced in Brickell by Fortune International Group
In Miami’s Brickell district, Fortune International Group is developing Casa Tua, an opulent residential skyscraper that will allow short-term rentals.
According to Fortune CEO Edgardo Defortuna, Ora by Casa Tua, a 70-story development with roughly 460 residential units, is proposed for the 1210 Brickell Avenue site. Early in the next year, Fortune will start accepting reservations.
The skyscraper will be the company’s first residential development. According to insiders, Miky and Leti Grendene’s hospitality business has been in discussions with developers for a long time. The Food Hall on Saks Fifth Avenue in Brickell City Centre and the Casa Tua main location are both in Miami Beach. Additionally, a Casa Tua Cucina restaurant will open in Miami’s Wynwood’s planned Nomad Wynwood Residences development.
Two new restaurant concepts, a 24-hour market, entertainment lounge, fitness, and wellness center, a three-story sky garden, and a rooftop club with a pool, jacuzzi, cabanas, and a bar will all be included in the mixed-use Brickell tower. The hotel management and marketing will be handled by Casa Tua.
According to Defortuna, the condos will have sizes ranging from 600 square feet for studios to 2,400 square feet for four bedrooms, with prices between $800,000 and $2.5 million. Defortuna predicts that a sizeable fraction of owners will profit from the option for buyers to rent out the apartments on a short-term basis. The lowest two-thirds of the skyscraper will feature between eight and ten units per floor, while the upper third of the tower will have fewer, larger units with an average of six units on each level.
The building is geared toward a younger clientele and offers a wine-tasting bar, a 24-hour grocery and bakery, a restaurant near the pool, and an equipped lobby.
Depending on sales milestones, he said, construction may start in late 2023 or early 2024.
According to property records, the property is owned by Patagonian Investment Internacional LLC, which is run by Argentine investors Federico Carabetta and Vicente Luis Carabetta. Next year, Fortune will close the location and destroy the parking garage to make way for Ora by Casa Tua. The garage is close to the office building at 1200 Brickell Avenue, which still houses the Dirty French Steakhouse owned by Major Food Group.
Casa Tua has outlets outside of Miami in Aspen and Paris and will establish a restaurant and lounge in New York City in Surrey, a Reuben Brothers venture, the following year.
Miami Worldcenter Completes Construction on 255,000 Square Feet of Retail Space
The Miami Worldcenter’s “Jewel Box,” which has a contemporary design and is enclosed in floor-to-ceiling glass, is situated at the intersection of the 7th Street Promenade and World Paseo open-air retail pedestrian streets, directly west of the development’s upcoming CitizenM boutique hotel and north of the finished luxury apartment tower Bezel Miami.
Approximately 255,000 square feet of retail space have now been finished at Miami Worldcenter with the completion of F-East as tenants actively finish out their spaces.
Another 80,000 square feet of lifestyle-focused retail space has been constructed by Miami Worldcenter’s developers. Block F-East, a standalone structure that is part of the $4 billion mixed-use complex in the center of Downtown Miami, is one of the last retail components of the 27-acre project to be completed.
Sephora, lululemon, Savage x Fenty, Ray-Ban, Posman Books, and Lucid Motors are among the impressive list of recently opened and upcoming tenants at Miami Worldcenter. Other dining and entertainment options include Bowlero, Sports & Social, Michelin-starred Chef Michael Beltran’s Brasserie Laurel, El Vecino, and Chicago’s Maple & Ash and Etta restaurants.
The 300,000 square feet of retail, restaurant, and entertainment space at Miami Worldcenter, one of the largest private urban real estate developments in Florida, will be complemented by a variety of residential, business, and hospitality applications.
Miami Worldcenter Associates, directed by Principal Art Falcone and Managing Partner Nitin Motwani, and CIM Group are the project’s master developers.
Three finished residential towers—the PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami—can now be found in Miami Worldcenter. The 351-room CitizenM hotel is now finished with construction and is scheduled to debut at Miami Worldcenter in the first quarter of 2023.
In addition, work is being done on phase one of the 52-story Miami World Towers, which will include 550 apartment units, Legacy Hotel & Residences, a mixed-use building with 310 branded residences atop a hotel and 50,000 square feet of medical office space, and Caoba’s second phase, which will include a nearby 40-story tower with 420 apartments.
There are several planned projects, including The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures, and 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures, a mixed-use residential and commercial development by Abbhi Capital, a residential development by the New York-based Naftali Group, and a three-tower mixed-use project by The Witkoff Group that will have up to 2,000
World Square, a 20,000-square-foot outdoor public plaza and park, will complement Miami Worldcenter’s shopping streets. With its abundance of open space, shade trees, and spacious, pedestrian-friendly sidewalks lined with food, entertainment, and retail concepts, World Square is intended to act as the hub of the development.
A $5 million public art project at Miami Worldcenter, organized by the Miami-based curatorial collective PRIMARY and renowned art dealer Jeffrey Deitch, would turn the 27-acre “city within a citystreets “‘s and buildings into a permanent outdoor art museum. Large-scale murals, paintings, and sculptures produced by internationally renowned artists such as Nina Chanel Abney, Woody De Othello, Viktor El-Saieh, Nick Cave, Trenton Doyle Hancock, Hernan Bas, Serge Toussaint, Zadok Ben-David, and Franz Ackermann will be included in the program once it is finished.
Ten city blocks make up Miami Worldcenter, which is next to Museum Park, which is home to the Frost Museum of Science and Pérez Art Museum Miami, as well as the FTX Arena, Adrienne Arsht Center for the Performing Arts, and Wolfson Campus of Miami Dade College. Miami Worldcenter is the largest and best-connected transit-oriented development in Florida thanks to its proximity to Brightline’s MiamiCentral station, which provides direct train service to Fort Lauderdale, West Palm Beach, and Orlando and access to Tri-Rail, the Metromover, and the Metrorail.
Renderings Revealed for Namdar Towers
Earlier this month, developer Namdar submitted comprehensive development plans to the city planners for its twin-tower project that will be located in downtown Miami.
A 41-story structure with 680 units and a 43-story building with 714 units would make up the proposed Namdar Towers, which would have a combined square footage of more than 1.2 million.
This project is planned in 2 phases, the 41-story tower will be part of phase 1 while the 43-story tower will be part of phase 2.
Development Information:
1,394 units
Pools
Fitness center
Bowling rooms
Golf simulators
Co-working space
7,984 sq. ft. of commercial space
336 parking spaces in a five-level garage
1,395 bicycle racks
The architect is identified as Behar Font. Permitting for construction and demolition is already in progress.
According to its website, Namdar is a family-owned development company that was established in 1979. Ephraim Namdar, who has previously been named in media sources as the company’s founder and CEO, is in charge of running the LLC that bought the Miami property.
