One Thousand Museum Secures Loan 3 Weeks after Foreclosure Announcement
The future is looking bright for the developers of One Thousand Museum Residences. Just three weeks ago, the Reuban Brothers filed a foreclosure lawsuit against the developers for $82.7 million with interest. As of March 3, 2021, which is the date of the filing, 15 developer units were still available in the tower.
Within three weeks of the foreclosure announcement; Louis Birdman, Gilberto Bomeny, Kevin Venger and partners Gregg Covin and Todd Glaser, have secured and closed on a $90 million condo inventory loan from Cirrus Real Estate Partners. This new loan closed on Monday and will pay off the loan balance that was originally provided by Fortress Investment Group in 2016. It will also give the developers time to sell the additional units.
The mortgage broker for this transaction was Jim Fried, President of Sandstone Realty Advisers. A former Fortress executive, who is now the Managing partner at Cirrus Real Estate Partners, Tony Tufariello, expects the developers to sell the units with the next couple of years. Tufariello stated that they were “attracted to the buildings larger floor plans and amenities, and encouraged by the recent uptick in sales.”
The developers stated that they were planning to pay off the original construction loan but it was “pushed due to travel restrictions that hindered lenders from walking the final project.”
This luxury tower features a private rooftop helipad, valet services, and well spa. One-Thousand Museum is also home to David and Victoria Beckham.
Building Amenities:
Double height aquatic center with indoor pool
The Sky Lounge provides a dramatic venue for private events for residents
Private rooftop helipad. The helipad will make nearby islands, private and commercial airports, and private yachts easily accessible
Multiple recreation areas for swimming, sunning, socializing, and fitness
24/7 specialized security and valet personnel, other on-site staff including concierge, professional management, and other specialized personnel
Custom scenting by 12.29 in all interior amenity spaces including the lobby, wellness & spa level, aquatic center, and sky lounge (can be available in residences upon request)
Bank-quality vault with individual safe deposit box for every residence, offering residents the convenience and security of storing their valuables onsite
Residence Features:
Private residences are accessed from the lobby via secure, high-speed elevators that feature destination-entry smart technology
East-to-west flow-through floor plans that capture the mesmerizing panorama of Biscayne Bay and Atlantic Ocean views as well as the Miami skyline
Oversized terraces
Custom Italian kitchens with quartz countertops
Induction cook tops, in wall ovens, steam ovens, microwaves, dishwashers and integrated coffee makers by Gaggenau
Refrigerators by Sub-Zero
Faucets by Dornbracht and other quality manufactures
Custom-designed Italian made walk-in closets
Interior doors throughout the residences are by Lualdi Porte. All doors have been customized with Valli & Valli’s Duemila Cinque series handles designed by Zaha Hadid
European Interior Illumination products by Apure Architectural Lighting and other premium manufacturers customized by German designer, Uli Petzold.
State-of-the-art home automation infrastructure by Crestron
These unique and luxurious units range from $4.95 million to $20 million and with the popularity of the luxury condo market, the inventory has become limited. If you or someone you know have an interest in purchasing one of the One Thousand Museum Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Michelin-Starred Restaurant Carbone – Makes Debut in South Beach – Plans to Open Additional Eateries in Miami
One of the hottest spots in Miami right now is the Michelin-starred Carbone restaurant. With its remarkable menu, retro-style French décor, and its iconic location; Carbone has become a staple in the South Beach neighborhood in such a short time.
This Michelin-Starred restaurant is the first of many restaurants that Major Food Group plans to open. This hospitality company is ran by Mario Carbone, Rich Torrisi, and Jeff Zalaznick; whom also opened the original Carbone in New York in 2012. They are also in the process of working on restaurants in Miami’s Design District and the Brickell Neighborhood.
Located at 49 Collins Avenue, this luxurious and Ken Fulk design is truly awe-inspiring. Captains fitted in Zac Posen tuxedos guide customers through menu options and salads are prepared tableside for the full Carbone experience. The menu includes raw-bar platters featuring stone crab claws, crab knuckle sandwiches, spicy rigatoni, or veal parmigiana.
Carbone is the first piece of the expansion and the Major Food Group plans to open a private member’s club with Japanese food this spring as well as a French-style Steakhouse in Brickell in September.
Carbone remembers his first trip to South Beach for the Wine & Food Festival in 2012, “I remember vividly one of the first trips we took here together. We had an absolute blast. If you told those kids who were drunk at La Sandwicherie back then that they would be opening on First and Collins, that would have been their dream come true. That’s as good as it gets.”
The Major Group isn’t going anywhere anytime soon. Zalaznick states that “I’ve been here for the last 10 months. As I spent more and more time here, I really realized that this city is an incredible place to live and work in a full-time capacity.”
Tallest Residential Tower in Miami at 100 Stories – Waldorf Astoria Residences Miami has Officially Launched Sales
Waldorf Astoria Residences Miami has officially launched their sales center on March 23rd, 2021. Located at 300 Biscayne Boulevard, Waldorf Astoria is planned to be the tallest residential tower in Miami at 100 stories and will be the tallest tower south of Manhattan.
This tower will feature 360 condo, 205 hotel rooms, and suites. Amenities include a Peacock Alley Lounge, a restaurant, indoor and outdoor event area, resort-style pool with cabanas, spa and fitness center.
Architects include Carlos Ott and Sieger Suarez, whom have created a nine offset glass cube design for the tower. The hotel is announced to be within the first 3 cubes of the tower and the rest will include the condominiums.
Developer Information:
Developers: PMG – Property Markets Group & Greybrook Realty Partners
Architect: Carlos Ott (conceptual artist) with Sieger Suarez
Tower Distribution:
3rd Level – Condominium lobby
5th level – Hotel Signature Restaurant and Peacock Alley
Level 7 to 16 – Hotel guest rooms and suites
Level 17 – Hotel function spaces, main ballroom, junior ballrooms and multi-purpose function space
Level 19 – Hotel lounge bar, meeting and boardrooms
Level 21 – Hotel pool deck with café and signature F&B
Level 23 and 24 – Spa and fitness
Level 26 to 31 – Hotel guest rooms and suites
Level 31 to 32 – Private residential amenity level; pool deck
Level 34 to 85 – Residential condominium
Level 86 to the top – Penthouse level
Pricing:
Junior Suite Residences $650,000
1 Bedroom Residences $1,000,000
2 Bedroom Residences $1,700,000
3 Bedroom residences $3,100,000
4 Bedroom Residences $4,900,000
Payment Plan:
10% deposit at contract
10% deposit in 6 months
10% deposit groundbreaking
10% deposit one year after the groundbreaking
60% deposit at closing
HOA – $0.80 per square feet
Rental terms – minimum 3 months only twice a year
Building Overview:
100 Stories
360 private residences
Studios, 1, 2, 3, and 4-bedrooms
Penthouse Collection
Building Features:
The 100-story tower located in Downtown Miami across from Biscayne Bay
Conceptually designed by world-renowned architect Carlos Ott in collaboration with Sieger Suarez Architects
360 branded luxury residences
205 hotel guestrooms and suites
Interiors created by BAMO design firm
Peacock Alley
True Waldorf Service and concierge
Unobstructed views of city and downtown skyline, Miami Beach and Atlantic Ocean
Waldorf Astoria immersive resort-style pool with outdoor café and private cabanas
Private Bar/ Wine Tasting Room
Signature Restaurant
All-Day Dining Brasserie
Pre-function and function spaces
Meeting and boardrooms
Waldorf Astoria Kids Clubs
24 hour Valet services
Sales have started and the construction completion date is set for 2025. If you or someone you know has any interest in purchasing a unit at Waldorf Astoria Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.
Grab Something Green and Celebrate St. Patrick’s Day in Miami – 2021
St. Patrick’s Day may be a little different for many this year but there are restaurants and bars in Miami that are still celebrating. Check out the list below for drink specials, bands, and all things green!
The Taurus: Drink specials with St. Patrick’s Day-themed cocktails for $8, Guinness for $5, and Irish whiskey for $5. These specials are from 5pm until midnight.
Tobacco Road: Living Music and drink specials include $5 Green Pabst Blue Ribbon, $6 Irish coffees, $7 Irish Car Bombs and $5 Irish whiskey.
The Wharf: Tonight features live music and games! Food by Spris Artisan Pizza, La Santa Taqueria, and Mojo Donuts! Free Guinness every time you buy a shot of Jameson.
Calle 23 Miami: Beer and Irish whiskey shot specials at $10 each, Guinness for $7 and Irish Mules for $10.
Swarm in Wynwood: This festive street party is free and features live DJ, drink specials and games!
Sunset Skyline Happy Hour Cruise: Departing from Biscayne Bay, this 90 minute happy hour cruise takes you past Star Island, Hibiscus Island, Palm Island, Fischer Island plus the famous Venetian Islands, all while drinking green beer!
The History of Brickell Miami
1920’s Point View of ‘Millionaire’s Row’
Over a hundred years ago, Brickell was a neighborhood of luxurious mansions and home to some of the wealthiest families, dubbing the name “Millionaire’s Row.” Located just south of downtown Miami, Brickell is lined with incredible towers, unique restaurants, marinas, and beaches; today Brickell is often referred as ‘Miami’s Manhattan’ as well as the ‘Financial District.’
Brickell’s Earliest Inhabitants
Evidence of Brickell’s earliest inhabitants include the Tequesta Indians, who are believed to have lived in South Florida for more that 2,500 years. The Miami Circle archeological site that is located at the Miami River to Biscayne Bay is the earliest evidence of the Tequesta settlement. According to the archeological site, a Tequesta hut once stood across the river from a burial mound. During construction of a hotel, the mound was destroyed but the circle still remains.
Will and Mary Brickell
The Brickell Family
Brickell was named after Will and Mary Brickell. They were one of the earliest families recorded to have established a home and a trading post in the Brickell neighborhood in 1871. They purchased large pieces of land and the trading post was located at what is now Fifth Street and Brickell Avenue. The family’s extensive real estate included all of the current Brickell and just south of Coconut Grove. When construction of the railroad reached Miami in 1896, the Brickell’s negotiated the extension of the railroad into Miami, creating a prime location for trade and development.
The Skyscraper Era
During the Great Depression, some homeowners in Brickell began to subdivide their homes, which took on the appearance of ‘rooming houses’ and, after World War II, additional changes of retail and institutional buildings appeared on Brickell Avenue. By the 1980s, the old Millionaire’s Row became the era of towers and skyscrapers and became a banking center headquarters. Atlantis on Brickell is a Miami landmark and was one of the very first towers built on Brickell. It is known for its glass façade and 5-story palm court cut out of the building.
Modern Day Brickell
Brickell has been on a developmental rise since the 1980’s. Present day Brickell is made up of massive residential towers, apartment buildings, offices, and hotels. Brickell is also home to international banks; HSBC, Espirito Santo Bank, and Banco Santander. Towers are getting larger and developments are moving further west towards I-95 to accommodate the growth.
At the heart of Brickell, two large, mixed-use developments ; Mary Brickell Village and Brickell City Centre are located. Mary Brickell Village includes 200,000 square feet of bars, shops, and restaurants. Toscana Divino, Blue Martini, Shake Shack, North Italia, and P.F. Chang’s are some of the notable tenants. Brickell City Centre, opened in November of 2016 spans over 9 acres and cost over $1 Billion. It includes 500,000 square feet of open-air retail featuring luxury brands such as Chopard and Valentino, a 5-star hotel called East Hotel, and 780 luxury condo residences in the Brickell City Centre Towers called Rise and Reach. Brickell City Centre also includes a high-end movie theater and an Italian food hall called Casa Tua Cucina.
It will be exciting to see what the next 20 years have in store for the Brickell neighborhood!
Introducing Onda in Bay Harbor – an 8-Story Tower to Begin Construction This Year
‘Onda’, the Italian word for ‘wave,’ will be the newest luxury 8-story condominium tower on the shore of Bay Harbor Islands. Designed by award-wining architect Bernardo Fort-Brescia, Onda will be harnessing Italian-styled finish by Valerio Morabito and Ugo Colombo.
Featuring 41 units throughout 8 floors with private and semi-private elevators, this boutique building is located on a small island next to Bal Harbor with exceptional views of Sunny Isle.
BUILDER AND ARCHITECT INFORMATION
Developers: Ugo Colombo and Valerio Mortabito
Interior Design: Carlo y Paolo Colombo
Architect: Bernardo Fort-Brescia
CONDOMINIUM CHARACTERISTICS
2 Bedroom + den (1,809 square feet) to 4 bedroom + den (3,523 square feet)
4 penthouse options
Spacious terraces available
BUILDING FEATURES:
Private Marina with 12 boat slips
PRICING
Price ranges from $1.7 million to $8 million
HOA is $1.29/sf
Deposit Breakdown:
10% with Reservation
10% at Contract
10% at Ground Breaking
10% at Top Off (summer 2022) /
60% at Closing
The groundbreaking for this project is expected to begin in Q4 of 2021 and the construction is estimated to be complete Q1 of 2023.
Miami’s First 1,000-Foot-Plus Tower-Waldorf Astoria Residences Miami – Expected to Launch Soon
Waldorf Astoria Hotel & Residences Miami – located at 300 Biscayne Boulevard – will be Miami’s first supertall building at 1,049 feet high (a supertall building is defined as one that is between 984 and 1,969 feet high). Furthermore, rising 100 stories, Waldorf Astoria Hotel & Residences Miami will be the tallest residential skyscraper south of New York. The current tallest tower is Panorama Tower at 85 stories and 868 feet high. Waldorf Astoria Residences Miami will include ground-floor retail; 400 ultra-luxe condo residences, and a 140-key, 5-star hotel operated by Waldorf Astoria.
Developer Information:
Developers: PMG – Property Markets Group & Greybrook Realty Partners
Construction for the state-of-art Waldorf Astoria Residences Sales Center is expected to be complete and open on March 15, 2021.
Take a Look Inside Miami’s Most Exclusive and Expensive Penthouse For Sale at The Estates of Acqualina for $59 Million
Welcome to the Palazzo Di Paradiso in the Boutique Tower at The Estates at Acqualina! Listed at $59 Million, this unique penthouse features over 17,000 square feet of flawless architecture, remarkable 360-degree water views, and 2,500 square feet of outdoor living space. It is the most expensive penthouse/condo for sale in all of South Florida by $20 million.
This two-story penthouse boasts up to 9 bedrooms, 10.5 bathrooms, and 21-foot-high ceilings throughout, and a private 4-car air-conditioned garage. The 2 private pools, one cantilevered over 600 feet of sand. The guest suite features 1 bedroom with a full-kitchen perfect for guests!
This is truly a unique and rare listing because it is entirely customizable and full furnished by Fendi, Baccarat, Bugatti, and Trussardi.
Not only is the penthouse unique but the building amenities are exclusive and cutting-edge!
Building Amenities:
Ice-skating rink
Golf simulator
Wall Street Trader’s Clubroom
Cigar Lounge & Billiards room
Teen game area
AcquaFit Fitness & Wellness Center
Wine Room
Private poolside cabanas
Bocce court
Basketball Court
Sculptured art gardens
Outdoor pool table
Meditation areas
Bowling alley with 4 lanes
Formula One racing simulator
Movie-screening theater
Children’s play area
Relaxation lounge
Speakeasy Disco
Zero-entry, infinity-edge and adults-only pools
FlowRider® surfing simulator
Soccer field
Walking and jogging trails
Dog park
Gazebos
In the Boutique Tower, there are also 4 restaurants:
Avra
IL Mulino
Costa Gril
Ke-uH
According to Michael Goldstein, President of Sales, explains, “Our aim was to make this a total turnkey, effortlessly elegant home, and save the buyer a year of decorating.”
Baccarat Hotel & Residences Coming to Brickell
Baccarat Hotel & Residences will be the newest condominium development in the Brickell neighborhood of Miami. Located at 444 Brickell Avenue; tower 1 will be 88 stories, tower 2 will be 75 stories, 375 units, and 2 private elevators per unit. 1 to 4-bedroom units will be available starting from $945,000.
Developer: The Related Group
Architect: Arquitectonica
Landscape Designer: Enzo Eneas
Interior Designer Curated by Baccarat: Meyer Davis
According to The Real Deal, The Related group paid $104 million for the property in 2013. The 4-acre property is home to an office building with a Capital Grille restaurant on the ground floor.
Condominium Options:
1 bed plus den /2 bath – line 05 1,337 sq ft Starting $945k
2 bed plus den/ 3.5 bath -line 02/03/04 1,788-1,923 sq ft Starting $1,410,000
3 bed /3.5 bath – line 06 SE Corner 2,084 sq ft Starting $1,805,000
4 bed / 4.5 bath – line 01 NE Corner 3,033 sq ft $2,465,000
Payment Structure:
20% at contract 10% groundbreaking 10% at 12th-floor amenity deck 10% at top off 50% end of 2024
Residence Features:
Private key elevator access
10 Ft ceilings residences
Linear diffusers in living areas
Ital Kraft cabinetry and Wolf induction and oven and stone backsplashes
Sub-zero fridge and wine storage
Solid door wooden doors
Master bedroom has 2 walk-in closets
Laundry rooms and utility sinks in selected residences
Smart building – pre-wired
Touch screen monitor for concierge & security
Package to 4 choices of flooring included in the price
Building Features:
Zero-entry heated pool
Kids pool
Bbq area
Club room
Billiard room
Fitness room
Hamam spa
Squash court
Wine cellar and tasting salon
Game room
Children’s playroom
Business center
Gourmet market
Waterfront restaurant
Boat slips for rent
Valet & security
Membership for 1 year to 1 hotel beach club
Riverwalk under the bridge to Miami circle
If you or someone you know has any interest in purchasing or would like more information about the Baccarat Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 or click here for more information.
