CitizenM at Miami Worldcenter is Getting a Rooftop Bar and Lounge – CloudM
Photo Credit: citizenM.com
Get ready for the newest and hottest Miami rooftop bar and lounge coming to the Miami Worldcenter. CloudM will be located at the new citizenM hotel in downtown Miami at 700 NE 2nd Avenue. The views will be nothing short of spectacular from Biscayne Bay to the Miami skyline and beyond!
CloudM will mirror its original location out of New York bringing a unique experience, visually and socially. Featuring an ultra-modern design with cloudM you will be able to “drink in the clouds.”
Hotel citizenM broke ground in January 2020 with top-off completed in December 2020. The hotel will feature 12-story, 351 rooms that were designed by Gensler. Construction is nearing completion and is expected to conclude in 2021.
Construction Information:
Development Manager: Miami Worldcenter
Design Architect: Concrete
Local Architect: Gensler
General Contractor: Suffolk Construction
Hotel Room Amenities:
Wall-to-wall windows
XL king-size bed
Powerful rain shower
Luxury bedding and towels
iPad room controls for lights, temperature, TV, blinds
HDTV with free movies and streaming capabilities
Hotel Amenities:
10th floor rooftop terrace
cloudM rooftop bar and lounge
Miami Heat Guard Victor Oladipo Buys Miami Beach Mansion for $7.75 Million
A two-time Miami Heat All Star, Victor Oladipo recently purchased a Miami Beach mansion for $7.75 million with an original list price of $7.9 million.
The immaculate home located in a gated community on Hibiscus Drive features 6,900 square-feet of living space on 0.33 acres. Developed by Hassan Jalali of H2 Construction, this home was originally a spec home when it was first built in 2019.
This mansion features 7 bedrooms, 7.5 bathrooms, pool, and a pool house. According to the listing agent, the home is one of the largest non-waterfront homes in Miami Beach. It doesn’t take away from the gorgeous views of the wrap around pool with unique water features.
The main floor features an open floor plan with a chef’s kitchen, formal dining room, and maid’s corner. The second floor is especially unique with two master suites and three en suite bedrooms.
Victor Oladipo played college basketball for the Indian Hoosiers where he was named Sporting News ‘Men’s college Basketball Player of the Year’, Co-‘NABC Defensive Player of the Year’, and a first-team ‘All-American’. In the 2013 NBA Draft, he was the 2nd overall pick by the Orlando Magic and was named NBA All-Rookie first team. Oladipo has also played for the the Oklahoma City Thunder and the Indiana Pacers.
New Construction Tower-Ambienta Bay Harbor Islands Plans Ground Breaking for June 2021
Ambienta Bay Harbor Islands is one of the newest condo developments in Bay Harbor Islands. Located at 9901 West Bay Harbor Drive, this 7 story and 30-unit building will feature quality craftsmanship, high-end materials, and flawless finishes that is truly awe-inspiring.
Although limited to 30 units, this tower will showcase two bedroom + den to three bedroom units ranging from 1,229 to 1,662 square feel. Upon entering the building, you will be greeted with a double-height lobby, glass façade throughout, and gorgeous gardens with tropical plants. Each unit will includes its own two parking spaces and a storage unit. The prices for these units will range from $761,000 to $1.2 million.
Construction Information:
Developer: Ambienta Developers
Architect: Revuelta Architecture International
Landscape Design: David J. Odishoo
Interior Design: Bea Interiors Design
Building Features:
360-degree Rooftop Oasis for outdoor enjoyment
Infinity-edge swimming pool
Outdoor yoga/meditation space
Children’s play area
Fully outfitted Fitness Center with cardio and weight training equipment
Resident’s social room with bar, large-screen televisions, and lounge seating perfect for events or meetings of any kind
Impressive double-height lobby with reception seating
Residence Amenities:
Two covered parking spaces per residence
Corner residences offer wrap-around terraces
High impact floor-to-ceiling sliding glass doors and windows
All bedrooms have access to expansive balconies
Walk-in closets in master bedrooms
Master bathroom with double sink, glass shower enclosure with rainfall shower head and hand shower
Expansive glass-framed outdoor terraces accessible from bedrooms and living areas
Italian kitchens with custom quartz counter tops and Italkraft® cabinetry
Bosch® appliance suite includes induction cooktop, built-in stainless steel French door refrigerator, convection oven, microwave oven, and dishwasher
Private storage available on same level as residence
Bluetooth® enabled keyless entry system with camera technology
Sales have already started on this development and it is expected to break ground in June with a top-off date of July 2022. Closings are set to begin in spring of 2023.
Barstool Sports Founder Dave Portnoy Buys Miami Mansion for $14 Million
If you’re not familiar with Barstool Sports, then you have definitely seen their videos circulating the internet. What started off as a sport’s blog in 2003, Barstool Sports quickly turned into a multi-million dollar digital media company with focuses on videos, podcasts, and blogs.
Founder of Barstool, Dave Portnoy, has recently been using his massive social media platform to travel the United States and taste test pizza on his vlog called ‘One Bite’. These posts are featured on Barstool Sports as well as his blogs. Within the past month, Portnoy has been exclusively in South Florida documenting pizza joints.
It was rumored that during his visits he started renting Floyd Mayweather Jr.’s Miami beach front property for $200,000 a month. Now, it has officially been confirmed that he purchased a bay-front Miami mansion for $14 million.
The property located at 5811 North Bayshore Drive in the Morningside neighborhood was purchased in April under the name StellaBean Holdings, LLC., named after Portnoy’s dog Stella, who passed in 2019.
Featuring 6,100 square feet of living space with nine bedrooms, eight and a half bathrooms sited on 1 acre, including a pool.
Broker-Owner of Luxe Living Realty, Dora Puig, listed the property in November 2020. Property records show that the home previously sold in 2010 for $2.2 million.
Cryptocurrency Making Headway in Real Estate – Miami’s First Development Will Start Accepting Digital Currency
The real estate market is changing and it’s happening fast! We have seen sellers accepting cryptocurrency with offers as a bargaining chip and now we have our first Miami development accepting the digital platform currency for their development.
Arte Surfside Miami Beach is the first to join the cryptocurrency movement! Arte has officially partnered with SolidBlock, a securities trading platform, to provide safe and secure transactions for buying and selling needs.
SolidBlock’s is an end-to-end platform that helps real estate developers and fund managers raise funds offering digital securities. This platform assists with ‘tokening’ assets and selling shares in exchange for cryptocurrency. They believe that helping reduce overhead costs by moving quickly as well as structuring the safety for your business needs will achieve the highest level of cryptocurrency trading satisfaction. SolidBlock was founded in 2018 and has just recently expanded to the United States.
According to the Developer for Arte Surfside, Giovanni Fasciano, “Cryptocurrency is not only viable and sustainable new asset, it’s also the future of wealth. As more technology executives move to Miami and bring cryptocurrency along with them, it is crucial that buildings start to devise plans to make blockchain transactions easier and more secure for investors…”
Arte Surfside is setting the bar for real estate transactions in Miami and we are excited to see what is in store. The future of real estate is here. Are you ready?
Neighboring Penthouse to David Beckham is Under Contract with a List Price of $19 Million
One Thousand Museum designed by Zaha Hadid in Park West Miami has so much to offer its residences and not to mention, it is also the home of David and Victoria Beckham. Who wouldn’t want to live there!
With the current Miami real estate market, luxury condos are not staying on the market very long. So it is of no surprise that the penthouse neighboring David Beckham’s was just listed and under contract within a matter of days with a list price of $19 million.
This full-floor penthouse is located directly under David Beckham’s penthouse. Although both units feature 9,200+ square feet, the floor plans are different with the same incredible views of Biscayne Bay from the 1,020 square feet terrace.
This unit has everything including 5 bedrooms, 6.5 bathrooms, high ceilings throughout, custom Gatto Cucine Kitchen with Sub-Zero appliances, custom closets, and custom bathrooms. The entire residence has integrated smart technology that controls lighting, heating, air conditioning, audio, video, window treatments, and security.
The building is just as impressive with its double-height aquatic center with infinity pool, sky lounge and not to mention the first residential development in South Florida to have its own helipad and security vault.
Building Features
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
David and Victoria Beckham purchased their One Thousand Museum penthouse for $20 million in 2020.
Is Cryptocurrency Changing the Miami Real Estate Market?
With the Miami real estate market so hot right, it is of no surprise that offers are becoming more and more creative. We are seeing contingencies and appraisals being dropped to create a competitive edge for buyers. These aren’t the only items of change! In the MLS (multiple listing service), we are seeing an option for sellers to decided if they will accept cryptocurrency in their offer.
Cryptocurrency is a digital asset used to purchase goods and services. It has made headway in the past few years and it continues to gain popularity. In Miami we are seeing nightclubs, retail shops, and airlines accepting this form of payment. More retail stores are beginning to accept it like Overstock.com, Microsoft, and Home Depot, to name a few.
According to The Real Deal, South Florida is seeing a large number of Financial Managers and Tech-Savvy Entrepreneurs from Silicon Valley and New York using crypto in their real estate offers.
Vice President of Portfolio Development for Idoneus, Tim O’Leary handles a Swiss payment token (native cryptocurrency), which he has seen included in real estate offers more recently. O’Leary stated, “Idoneus has been utilized as a method of payment to acquire properties in Alaska, to Florida, to the Caribbean.”
There are a few different cryptocurrencies currently out and the most popular is Bitcoin. With how mainstream Bitcoin has become, crypto is becoming a common occurrence but there is still much hesitation. Since crypto leaves no paper trail, there is a lot of skepticism.
One of the biggest perks is that it can allow for cheaper and faster transactions, which is huge for the current real estate market.
Formula One Racing Comes to Miami – Scheduled for 2022
Formula One racing is heading to Florida! For those who are unfamiliar with Formula One, it is an international auto race for single-seater formula racing cars. It is considered one of the, “Premier forms of racing of the world since the inaugural season in 1950,” according to a spokesperson for Formula One.
The new Miami Grand Prix is scheduled for the the fall season of 2022. The exact day is still to be determined but the President of Formula 1 stated that it will be a 10 year deal for Miami. The Hard Rock Stadium in Miami Gardens (home of the Miami Dolphins) will be hosting the event.
“The Hard Rock Stadium entertainment campus in Miami Gardens exists to host the biggest global events to benefit the entire greater Miami region and Formula 1 racing is as big as it gets,” stated the Vice-Chairman, President & CEO of Hard Rock Stadium.
According to the press release by Formula 1, the track will be 5.41 km (3.361 miles), 19 corners, 3 straightaways, and 3 DRS zones. The top speed is estimated at 320 km/h (198.83 mph).
This is an exciting and historical time because Miami will be the 11th location in the United States to host the Formula One Gran Prix Race since the Championship began in 1950. Other cities include, Las Vegas, Detroit, Dallas, and Phoenix.
The partnership hopes to provide a boost in tourism for the Miami area and discounted tickets will be available for Miami Gardens residents. Miami will also see a STEM education program provided by Formula 1, along with local business and community support programs.
This is definitely an exciting time to be living in Miami!
City of Miami Approves New 37-Story Tower Called The District
The City of Miami has recently approved The Related Group and Parcel C LLC’s proposal for a 37-story residential tower in downtown Miami, named ‘The District.’ This project will include 343 residential condos, 2,297 square feet of retail space, and will have no parking (the developer is requesting a waiver to allow off-site parking). Siegar Suarez Architects prepared the design and plans.
The District is proposed to be 393 plus feet tall and will be located at 225 and 223 N. Miami Avenue. According to Miami Today, The District will have retail on the ground floor, and the apartments will be located above the retail space. The paperwork that was filed also includes the fact that some units may be transitioned into hotel rooms as well.
Amenities for The District include a gym, racquetball, basketball, lounges, pool deck, rooftop spa, and barbeque area.
Several waivers have been requested and approved for the Miami 21 zoning code:
Primary and secondary setbacks
Side and rear setbacks above the eighth story
Permit off-site parking within 1,000 feet
10% increase in the maximum lot coverage
Two residential loading berths substituted for one commercial loading berth
Reduction of the required ground-level setback on the property’s frontage
According to the Board member Robert Behar, who shared concerns about pedestrian safety with the limited amount of parking available.
According to The Related Group’s Attorney, Ms. Escarra, has stated, “The Project limits the interaction between vehicles and pedestrians by removing vehicular access to the Property. This will allow pedestrians to enter the Project with no vehicular conflict, as parking will be provided offsite, per the requested Waiver.”
The city’s Urban Development Review Board voted unanimously to recommend approval of the project on April 9, 2021. The construction permit has not been filed yet, and the groundbreaking is set to begin sometime this year.
