Fortune International Group Announces Casa Tau Branded Residential Tower-ORA
Fortune International Group, led by visionary founder Edgardo Defortuna, has announced a collaboration with hospitality brand Casa Tua to curate and program its newest high-rise, mixed-use development located at 1210 Brickell Avenue in Miami’s Brickell neighborhood.
ORA is the first branded residence for Casa Tua, the renowned, heartfelt brand and exclusive members’ only club that has gathered friends in their properties in Miami, Aspen, and Paris for over two decades and is set to launch in The Surrey, A Corinthia Hotel in Manhattan in 2023. Casa Tua has planned a full suite of amenities for the property, as well as short-term rental residences.
According to Defortuna, “ORA will serve as a unique residential development in a premier location, at the best corner in the Brickell neighborhood. We look forward to working alongside the Casa Tua brand to curate a sophisticated experience that will create a community for its residents and Brickell. ORA will become the city’s most exciting amenity.”
ORA by Casa Tua will feature, among other things, two new restaurant concepts by Casa Tua, a gourmet market by Casa Tua, a rooftop lounge – with resort-style offerings such as a pool, sky lounge, and bar; a show kitchen, private event space, and – curated by Casa Tua; an abundance of nature and lush landscaping infused into the building’s design, including full floors of floating gardens overlooking city views; an entertainment lounge, and fitness and wellness amenities.
Reservations for the short-term rental homes, which range in size from 500 square feet for studios to 2,400 square feet for four-bedroom homes, will open in January 2023. The price will begin at $800,000.
First Look at Resident’s Only Members Club at Five Park
The newest luxury residential tower building in Miami Beach, Five Park by Terra and GFO Investment, has revealed plans for the first residents-only, fully-serviced social club inside a luxury apartment. A social amenity package centered on cultural activities, fitness, and fine dining is offered by The Canopy Club.
A specialized club-level concierge and extensive programming are characteristics of The Canopy Club. The Club enables residents to live, work, play, and entertain their guests in a range of venues suited to every mood, including white glove service, wellness, dynamic recreational areas, and the finest dining.
The Canopy Club’s Specialty Dining and Beverage Program, a seasonal dining experience designed by famous chefs and situated in the opulent jewel box bar and dining room, will be available to members only. The Club also features private training rooms, state-of-the-art wellness facilities, a branded spa, a personal trainer on staff, and breathtaking bay and ocean views.
Five Park introduces 50,000 square feet of indoor amenities and a three-acre park outside, creating a new standard for the Miami Beach lifestyle under the direction of a recognized team of visionaries. The 40,000 square feet of social spaces that make up the 26th-floor Canopy Club include a private dining room, a jewel box bar and lounge, living rooms, a library, a den, outdoor terraces, wellness, and workout sections.
Additionally, just a few blocks away at the Five Park private beach club, locals have access to their own section of the beach. The outdoor club, which is on South of Fifth, introduces a branded, exclusive area with lounge chairs, umbrellas, and food and beverage service.
According to the CEO of Terra Development, “Five Park’s Canopy Club represents a new standard of luxury and exclusivity in Miami Beach. We developed a selection of amenities that enhance quality of life, wellness, culture and connectivity. Five Park residents will make their homes within a building that embodies a complete living, breathing ecosystem, offering dynamic spaces and creative programming to their doorsteps.”
Developers for the New Miami Soccer Stadium Obtain $31 Million Construction Loan
Recently, an LLC associated with the Inter Miami CF major league soccer team got a $31 million mortgage from Miami-based City National Bank of Florida in order to begin construction on Inter Miami Soccer Stadium.
The mortgagee is identified as 0101 Miami Properties, LLC, in the care of M Sports LLC. The mortgage identifies nine acres of land that 0101 Miami Properties LLC spent $27.97 million constructing at 678 NW 7th St. in Miami’s Overtown neighborhood between 2016 and 2019.
Miami Beckham United LLC, Pablo Alvarez, vice president and general counsel of Inter Miami CF, Jorge and José Mas, the brother executives of Coral Gables-based MasTec (NYSE: MTZ), and Inter Miami CF’s primary shareholders, are among the management of 0101 Miami Properties.
At the time, the David Beckham-fronted team’s ownership was intent on building a soccer stadium at that site or keeping it as an alternative option if a deal to construct a soccer stadium at the City of Miami’s Melreese Country Club at 1400 N.W. 37th Ave. fell through.
This past April, the Miami City Commission approved a 99-year lease agreement with Inter Miami CF. On September 13, the Miami City Commission authorized zoning that would allow for the development of a 25,000-seat soccer stadium, a 750-room hotel, a 58-acre park, and a 1 million square foot commercial complex with retail, offices, and entertainment on 130 acres of land at Melreese Country Club.
Jose Mas stated he would want to see the land developed as workforce housing or something else that benefits the community.
In addition, according to media reports, Miami commissioners have explored utilizing stadium rent payments to create a trust fund for affordable housing.
Lululemon Buildout Begins at Miami Worldcenter
Construction on Block F West and World Square to the Right
The $4 billion and 300,000+ square foot multiple use development also known as Miami Worldcenter is ramping up construction. Miami Worldcenter is a vibrant location where you will soon be able to enjoy some of Miami’s finest foods, shopping, and entertainment! This new urban area is will be home to both national and local favorites as well as prestigious international companies.
One of the long-awaited retail locations is the glass cube known as Block F West, which is set to begin construction soon along with the World Square building. It is situated immediately west of Block F East also known as the “Jewelry Box”, which is now under construction and nearly completed.
Along with Sephora, Lucid Motors, and Bowlero, Lululemon is also expanding its retail chain to World Square with their space currently under construction.
These companies join other tenants that have already been revealed, such as Maple & Ash and Etta from Chicago which will both take up 2 stories of retail Space. According to Nitin Motwani, general partner of Miami Worldcenter Associates, these together with the most recent tenants have leased a total of around 90,000 square feet of retail space in the last 90 days.
According to Motwani, “On the heels of announcing an award-winning lineup of restaurant concepts slated to open at Miami Worldcenter, we are upping the ante with a trio of nationally and globally recognized lifestyle brands. These tenants exemplify the diversity we are offering throughout our residential, hospitality, and office developments across Miami, and bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination.”
Lucid Motors is creating a multi-use building that will occupy almost 23,000 square feet. Bowlero will take up more than 31,000 square feet in the glass-enclosed “jewelry box” retail structure at Miami Worldcenter that looks out over the World Square plaza.
With the building permit issued in March 2022 for remodeling, Lululemon will occupy more than 6,000 square feet at the World Square plaza along Block H. The construction cost for Lululemon is an estimated $132,000 which will include remodeling and repairs.
Plans for a 12 Story Tower in Surfside was Filed
This week, developer Multiplan of South Florida filed plans for a 12 story tower that will be located in Surfside.
The architect is listed as Arquitectonica with R Palace Surfside LLC as an additional development entity. The project is proposed to have 27 residential units with 71 parking spaces. There will also be a small number of 2 bedroom floor plans but will mostly consist of 4 bedroom layouts.
Proposed Amenities:
Rooftop pool
Steam room
Sauna
Fitness
R Palace Surfside LLC is managed by Vivian Diamond. Owner of Multiplan is José Isaac Peres who is responsible for 57 Ocean as well as multiple other projects in Rio de Janeiro.
On the current site at 9309 & 9317 Collins Avenue in Surfside is the Regent Palace condos. In June, the 34 unit condo building was deemed unsafe after a comprehensive engineering report that flagged the property as uninhabitable.
This building is 70 years old and required a number of updates as well as structural issues. The developer has already purchased 32 of the 34 units at the Regent Palace and terminated the land lease on the property.
Renderings Revealed for Miami’s M Tower
In Downtown Miami, at 56 SW 1st St and 65 SW 2nd St, the 57-story M Tower is moving forward after construction plans were filed and renderings released by developers. The Miami Parking Authority and Downtown 1st Street LLC are collaborating on the creation of the M-Tower.
Last week, the developer filed the plans with the Urban Development Review board and those plans included some significant changes. The newly filed plans included a height increase from 49 stories to 57 stories.
The new plans also have an increase of 675 units, up from 404 apartments. There will also be 694 parking spaces in an 8-story podium connecting to a commercial space expanding 10,531 square feet.
Drive aisle, floor plans, and a parking reduction are among the zoning concessions that the developers are asking for.
Although an unlimited is permitted on the property, the Federal Aviation Administration would still have restrictions on the height.
Nichols Brosch Wurst Wolfe & Associates is listed as the architect. The next Urban Development Review Board meeting is scheduled for July 20th. If this new design is approved, construction would begin in Winter 2022.
Spinning Pan Am Globe Installed at Miami “World”center
Since the Miami Museum of Science closed its South Miami Avenue building in 2015, the enormous 1934 Pan Am globe of the world that once welcomed guests to the museum. The massive and vibrant sphere has since undergone substantial restoration, and it has been placed in its new, permanent outdoor location at the massive Miami Worldcenter complex in the Park West neighborhood.
In South Florida, the globe is a significant historical item. The former Pan American station on Dinner Key, which is now Miami City Hall, is where the 31-foot-5-inch, 6,500-pound globe was began.
Since moving it to the Frost Museum’s new facility would have been too difficult, the Miami Worldcenter will start spending $700,000 starting in 2020 to restore and weatherproof the globe with its original “approximately 1934” era lines.
A representative of the Miami Worldcenter stated “The Pan-Am globe depicts the world at a critical point in history – prior to World War II and when Miami was first realizing its position as a gateway for tourism and transportation.”
“It was important to the museum to find a partner that would care for this historic piece and ensure that the community can continue to enjoy this local icon,” stated the President and CEO of the Frost Museum.
Once complete, the Miami Worldcenter will feature 27-acres of retail, restaurants, shopping venues, and entertainment destinations. Retail will include 300,000 square feet of space and 40+ businesses.
Some notable retailers have already signed leases for the Miami Worldcenter which include Bowlero, Lucid Motors, and Sephora. Two luxurious restaurants are also named as the new lease holders, Maple & Ash and Laurel Brasserie. Maple & Ash is a famous Chicago restaurant that has now expanded to Arizona and now Miami. Laurel Brasserie is Miami Chef’s Michael Beltrans creation, with an anticipated opening date this summer.
Okan Group Officially Breaks Ground on 70 Story Okan Tower
On Friday, June 17, the community along with Miami notables gathered to witness the groundbreaking for Okan Tower, a new Downtown Miami megaplex with residences centered by a Hilton Hotel. The tulip-inspired design of Okan Tower, the largest Turkish investment in the United States, is a nod to the nation’s national flower.
This project will be Okan Group’s first development in the United States. Located at 555 North Miami Avenue, the 70-story Okan Tower, which will stand 902 feet tall, would rank among Miami’s highest structures. The tower has 64,000 square feet of “Class A” office space, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, 163 Sky Residences with special owners-only facilities, and a 316-key Hilton Miami Bayfront Hotel with a full suite of amenities and entertainment spaces, etc.
The Okan Tower was created by the eminent architecture company Behar Font & Partners, whose stunning façade curves were influenced by the tulip, the Turkish flag flower.
The Okan Group manages a large portfolio of renowned mixed-use projects that have given the company a worldwide reputation in the construction, banking, textile, production, and tourism industries, among others.
Mayor of Miami Francis Suarez, former Turkish Prime Minister Binali Yildrim, Turkish Ambassador to the United States Murat Mercan, Turkish Consulate of Miami Feyza Barutcu Altug, former Turkish Consul of Miami Burc Ceylan, Miami Police Chief Manuel Morales, Commissioner Ken Russell, and Fortune International CEO Edgardo Defortuna were among the dignitaries present for the groundbreaking
Amenities:
24-hour reception and concierge
70th-floor rooftop pool and sky deck with private cabanas
12th-floor lap pool with clubroom and lounges
State-of-the-art health and fitness center with yoga studio, Peloton bikes, and fitness MIRROR.
Sauna, steam, and treatment rooms
Children’s sensory and playroom
Theater
Wine cellar
Owner’s lounge
The completion date for Okan Tower is set to be complete in 2026. If you or someone you know have an interest in purchasing at Okan Tower, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
New Development Revealed- Surf Row Residences
Surf Row Residences, a new ultra-luxury residential property located at 8800 Collins Avenue in Surfside, is being developed by Lineaire Group, Miami-based real estate development, and investment firm.
Featuring a collection of eight private beach homes designed by award-winning firm Rene Gonzalez Architects (RGA), the development offers refined interiors, the utmost privacy, and unparalleled indoor-outdoor living adjacent to the beach. Only a few residences have been released and sales are currently by invitation only.
Through the careful use of skylights, layered glass, and double-height ceilings, each villa emphasizes the indoor-outdoor link. Three- to five-bedroom residences with 3,500-5,600 square feet of internal space are available. Each residence will feature almost 2,000 square feet of private outdoor living space, including a rooftop with a plunge pool, a summer kitchen, and a large gazebo. Each property will also include a private garage and a front yard that is enclosed. Prices start at around $5 million for a single-family home.
“Surf Row Residences provides buyers with an incredible opportunity to own a one-of-a-kind, exclusive villa, that lives like a single-family home given the sprawling layouts and private outdoor space,” said Alejandro Bonet, Partner at Linéaire Group. “Today’s buyers are seeking a blend of suburban space without sacrificing location, and we believe this development offers an exciting sense of both community and privacy that meets those demands.”
The 0.65-acre development property is located between Collins Avenue and Harding Avenue on 88th Street’s northern frontage. The property was purchased from the previous owner for $7.3 million by an associate of Lineaire Group in August 2021.
The plot of land is listed as 8809 Harding Avenue in property records, but the change to a Collins Avenue address is thought much more acceptable for marketing purposes.
Residence Features
European kitchen with custom-designed wood cabinetry, imported marble countertops, and professional-grade appliances
Large format coral stone flooring with natural wood inlay designs
Floating staircases made with cantilevered solid wood slabs & glass panel railings
Spa-inspired master bathroom furnished with a luxurious rain shower, oversized freestanding tub, and finished with imported fluted marble walls
Skylights flood the interior with natural light via a central light shaft spanning all levels
Rooftop with summer kitchen and plunge pool
Two-car indoor garages, plus one open-air parking space
Latest smart home automation by Savant
Top-of-the-line security system with exterior surveillance cameras
Private elevator
Service/laundry room Upgrades
Kosher kitchen
Elevator lift for additional parking
Interior surveillance package
The project is expected to begin construction in the spring of 2023 and with a completion date in 2024.
Miami Officials Plan to Move Office Headquarters to Miami Freedom Park
Inter Miami CF’s new stadium may gain some new neighbors, including the City of Miami’s headquarters. Officials in Miami are looking at a contract to build the municipal administration offices at Miami Freedom Park, a large mixed-use redevelopment of a golf course near Miami International Airport. The MLS team’s stadium would be the site’s main attraction, but there would also be commercial development.
The plan to construct a new municipal administration headquarters has been in the works for more than five years.
City voters approved a referendum to lease the present municipal administrative headquarters in 2018. The current lease includes a 3.15-acre property along the Miami River at 444 S.W. Second Ave., to Lancelot Miami River LLC, a unit of Miami-based Adler Group. The developer intends to build a mixed-use development there.
The agreement also required Lancelot Miami River to construct a new municipal administrative facility of about 230,000 square feet with at least 610 parking spots. The city would fund the building with a special obligation bond, but Lancelot Miami River would be in charge of construction.
The city originally planned to build its administrative center on the 1.6-acre Lancelot Miami River property at 230 S.W. Third St. However, the agreement has not yet been formalized.
The City Commission then approved the lease and development agreement for Miami Freedom Park in April. A 25,000-seat soccer stadium, 1 million square feet of retail and commercial space, and 750 hotel rooms would be included in the project. The proprietors of Inter Miami would completely fund this project, and the location would require extensive environmental remediation.
This new building would take up around 1/4 of the commercial area at Miami Freedom Park.
The current designs for the municipal administrative building, according to David S. Adler, head of Adler Group, are for Miami Freedom Park. This would free up its 1.6-acre Miami River property to expand its mixed-use development.
In April, David Beckham won approval for a land lease for a Major League Soccer stadium in that same location.
