Tag Archives: Miami Development

Lucid Motors Miami Worldcenter

Miami Worldcenter Welcomes New Lucid Motors Location

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Lucid Motors Miami Worldcenter

Lucid Motors, a producer of high-end electric vehicles, has unveiled the opening of its newest plant at Miami Worldcenter, a revolutionary $6 billion, 27-acre mixed-use development in Downtown Miami.

Lucid Motors has joined the list of freshly launched restaurants and bars, well-known national retailers, and the citizenM Miami Worldcenter hotel as concepts. Earls Kitchen & Bar, Maple & Ash, Sports & Social, Bowlero, and the renowned Museum of Ice Cream are just a few of the exciting new attractions that will soon be opening. Miami Worldcenter, one of the biggest privately owned and constructed urban real estate projects in Florida, provides a vibrant mix of residential, business, and hospitality facilities as well as a staggering selection of shopping, dining, and entertainment options.

The almost 23,000 square foot space includes a Lucid Studio where clients may test-drive the company’s upscale electric cars, including the lauded Lucid Air sedan. The building also functions as a service and delivery center for Lucid Air, open Monday through Friday from 11:00 a.m. to 7:00 p.m. and on weekends with modified hours.

The project is overseen by Managing Partners Art Falcone and Nitin Motwani and is managed by Miami Worldcenter Associates in collaboration with CIM Group. Nitin Motwani expressed delight about the inclusion of Lucid Motors, highlighting the brand’s cutting-edge premium appeal and its commitment to the goal of Miami Worldcenter as a lively live, work, and play destination in the center of the city.

In addition to its amenities, Miami Worldcenter has World Square, a lively 20,000 square foot public plaza and park intended to serve as a hub for gatherings. With alternatives for dining, entertainment, and shopping, the plaza provides open space, shaded places, and sidewalks that are favorable to pedestrians.

The $5 million public art project at Miami Worldcenter, organized by the Miami-based curatorial collective PRIMARY and renowned art dealer Jeffrey Deitch, turns the building into a permanent outdoor gallery. Large-scale murals, paintings, and sculptures, as well as other contemporary and modern works by internationally renowned artists, are on display as part of the effort.

42 Pine Miami Beach

42 Pine Tops Off Construction in Miami Beach

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42 Pine Miami Beach
42 Pine Lobby

42 Pine, the much-awaited boutique residential building at the intersection of famous Pine Tree Drive and 42nd Street, has reached a significant milestone on the road to completion, which is scheduled in the first quarter of 2024.

The eight-story structure will be a landmark for the neighborhood and exhibit classic sophistication. Last year, BridgeCity Capital provided the project with $35.5 million in finance, allowing construction to start. With prices ranging from $700,000 to $3,000,000, there are only a few houses left.

CEO of BridgeCity Capital Allan Lebovits, “The pace of construction is impressive, and we are proud to be involved in a project that brings a new level of luxury to the area. This is a unique opportunity in a highly coveted pocket of Miami Beach, and the sales velocity to date is a testament to the strong demand for new luxury residences.”

50 turnkey units with one to four bedrooms and eight penthouses are available at the first full-service boutique condominium in the neighborhood. Each residence has been painstakingly designed to offer a unique lifestyle based on convenience and community. Each tastefully presented home, ranging in size from 700 square feet to 2,700 square feet for combined units, is delivered fully furnished and ready to occupy. The interiors were designed by Arquitectonica to make the most of available space and foster a sense of connection with the outside. Private terraces with glass railings offer a seamless indoor/outdoor living experience, while expansive floor-to-ceiling windows and doors let in an abundance of natural light.

Amenities

  • Amenity deck
  • 52-foot pool
  • Relaxation spa
  • Cabanas
  • Poolside service
  • Yoga
  • Meditation lawn
  • State-of-the-art fitness center
  • Club
  • Game room
  • Media lounge
  • Large outdoor terrace
  • Children’s playroom

At 340 W. 42nd Street, in one of Miami Beach’s most coveted residential areas, residents may enjoy easy access to the ocean, top-rated schools, excellent restaurants, places of worship, and boutique shopping experiences.

If you or someone you know have an interest in purchasing at 42 Pine, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

42 Pine Kitchen Rendering
42 Pine Tops Off Construction
URBIN Miami Beach by Location Ventures

Location Ventures Breaks Ground on URBIN Miami Beach

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URBIN Miami Beach by Location Ventures

URBIN Miami Beach has officially broken ground. With developer Location Ventures, the achievement signifies the start of construction for the first-to-market mixed-use brand, which mixes design-forward residential units for short- or long-term rental with coworking spaces, wellness amenities, social activations, and lifestyle-oriented retail, all at one central address.

For the official groundbreaking event, which took place at the project site, 1260 Washington Ave., Location Ventures, development partners, and city representatives, Miami Beach Commissioner Alex Fernandez, Washington Avenue Business Development Executive Director Troy Wright, and Miami Beach Mayor Dan Gelber were among the distinguished visitors.

The URBIN brand portfolio’s initial property, URBIN Miami Beach, has a second location in Coconut Grove, with ambitions to expand to other U.S. cities. Once completed, URBIN Miami Beach will be a 69-unit tower with a number of wonderful amenities.

The development sold out quickly and drew a wide range of buyers from Latin America and Europe. 90% of the homes at URBIN Coconut Grove have already been sold, and construction is scheduled to begin at that location in 2023.

The fully furnished units at URBIN Miami Beach range in size from 275 square feet for studios to 1,334 square feet for four bedrooms with partial ocean views. Community, collaboration, and networking will be facilitated via shared spaces, such as a common kitchen, dining area, and living room. Exclusive access to a lease-back arrangement allowing up to 90 nights per year on the property will be available to unit owners only.

Tower Amenities

  • Valet parking
  • Concierge
  • Housekeeping
  • Room service
  • Rooftop bar and lounge with green spaces
  • Wellness center
  • Gourmet market
  • Cafe
  • Bar

Rishi Kapoor, CEO of Location Ventures, stated “Following enormous sales interest, we are pleased to commence the construction process for the first URBIN location at a ripe point in Miami Beach’s history.” The rapidly developing, storied Washington Avenue sector will benefit from this property’s integration of living, working, and wellness into one space.

Touzet Studio, headed by Carlos Prio-Touzet and Jacqueline Gonzalez-Touzet, created URBIN Miami Beach. The building’s exterior will reflect the whimsical spirit of Miami Beach by incorporating geometric patterns and hues that are common to the area and paying homage to its Art Deco past.

The interiors of its communal areas and amenities were chosen by Meyer Davis, a renowned New York City design firm. The home is located in the largest Art Deco neighborhood in the world, two blocks from the ocean, and close to Ocean Drive and Lincoln Road.

The Canopy Club Lounge and Bar

First Look at Resident’s Only Members Club at Five Park

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The Canopy Club Lounge and Bar

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.”

The Canopy Club Spa Lounge
The Canopy Club Lounge
The Canopy Club Dining Room
600 Miami Worldcenter Rendering

New Development Revealed at Miami Worldcenter-600 Miami Worldcenter

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600 Miami Worldcenter Rendering

Aria Development Group and Merrimac Ventures are partnering for a new construction development located at Miami Worldcenter. The project has officially been dubbed 600 Miami Worldcenter.

600 Miami Worldcenter will rise 32 stories and will feature 579 fully furnished and finished luxury residences ranging from studios to two-bedroom floor plans with no rental restrictions. The studios will start at $400,000.

The Design Agency, a renowned design firm, was selected by the developers to design the residences at 600. The architect for the project is listed as Revuelta Architecture.

Residence Features:

  • Floor-to-ceiling glass windows with custom window treatment
  • All residences feature balconies
  • Finished flooring on all residential interiors
  • Kitchens and bathrooms feature custom Italian cabinetry and counters
  • Innovative household appliances featuring speed oven, integrated paneled refrigerator/freezer, and dishwasher
  • Top-of-the-line, separate, in-unit washers, and dryers
  • Fully built-out, generous closets

Tower Amenities:

  • Covered porte-cochère
  • 24-Hour attended lobby
  • Luxer one automated parcel storage
  • Dedicated co-working space
  • Resident lounge and entertaining space
  • Air-conditioned resident storage
  • Bike storage
  • Summer kitchen
  • Rooftop swimming pool with resort seating
  • World-class state-of-the-art fitness center with outdoor private training area by Homage Fitness

The 600 Miami Worldcenter will be within a few blocks from the 300,000+ square foot commercial district of Miami Worldcenter, situated in the Park West neighborhood of Miami at 600 NE 1st Ave.

600 Miami Worldcenter Kitchen
600 Miami Worldcenter Primary Suites
600 Miami Worldcenter Primary Suite
Beach House 8 Penthouse Sells for $17 Million

Penthouse Unit at Beach House 8 Sells for $16.66 Million

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Beach House 8 Penthouse Sells for $17 Million

For $16.66 million, a penthouse at Miami Beach’s beachfront Beach House 8 condo sold to an LLC managed by Greg Raiff of Fort Lauderdale.

The 4,642-square-foot Unit PH at 3651 Collins Ave. was sold by Beach House 8 BH3 LLC, run by Ricardo Ribeiro Da Silva Junior in Miami, to ULA House 8 LLC, ran by Raiff. Private Jet Services Group’s owner, Elevate Aviation Group, based in Boston, is led by Raiff.

In 2016, the same year that the tower was completed, the unit sold for $14 million. For the sell price of $16.66 million, it equates to $3,589 per square foot.

This magnificent 2 full-floor penthouse overlooks the ocean expanding 5,000 square feet with an additional 5,000 square feet of outdoor space with 5 bedrooms and 5 bathrooms. The outdoor rooftop features a private pool with 360 degrees of ocean and Miami Beach views. Yacht-like attention to detail can be seen in the joinery in the staircase and the woodwork in the main hall.

The modern kitchen with quartz counters and high-end stainless steel appliances flow effortlessly to the living room with an abundance of natural light and high-impact floor to ceilings windows.

The master bedroom suite, which takes up an entire floor, has its own spectacular outdoor spaces as well as an opulent bathtub. A staffed beach, a residents’ pool with cabanas, indoor and outdoor lounges, an underground garage, and a fitness center are among the amenities located downstairs.

The tower was created by the renowned architectural firm Arquitectonica and features interior design by Michele Bonan from Italy. One of Miami Beach’s most upscale condos on the water, Beach House 8 features just eight units.

Waldorf Astoria Hotel and Residences Miami

Groundbreaking Announced for Waldorf Astoria Residences Miami

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Waldorf Astoria Residences Miami

The Waldorf Astoria Residences Miami, which will be the highest residential structure south of New York City, is scheduled to break ground on October 27th, 2022.

The groundbreaking for the 100-story collection of 9 glass boxes in downtown Miami, is the result of an alliance between the New York and Miami-based developer PMG, the Toronto-based private equity firm Greybrook Realty Partners, and the international hospitality giant Hilton.

The 1,049-foot tower will rise at 300 Biscayne Boulevard, which will be located across from Bayfront Park at the northwest intersection of Biscayne Boulevard and Northeast Third Street.

360 individual homes will be included on the site, along with 205 bedrooms and suites in the five-star hotel.

The building will also contain 1,321 square feet of commercial and retail space, as well as parking for up to 694 cars and 350 bicycles.

The third cube, which is located towards the base of the tower, rotates in response to the pool deck, while the second cube, which is placed further to the east, forms an outdoor dining area for an expensive restaurant. The first cube rotates upward at street level to welcome locals and guests while supporting the entire tower.

Peacock Alley, a specialty restaurant, indoor/outdoor pre-function and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.

Residences will feature the newest smart home technology with access to concierge services through a personalized mobile app. The app will have a comprehensive list of services, including the ability to make reservations for meals, 24-hour room service, spa and fitness services, house cars, access to valet service, package delivery, and dog walking.

Sales for the project began in March 2021 and sold 75% within the first 9 months. Now the project is sold out! The designer for the project is listed as BAMO.

The price of a residence begins at $1 million, and PMG Residential is in charge of sales and marketing.

Hilton Management Services will be in charge of running the Waldorf Astoria Residences Miami.

Demolition has already begun on the existing asphalt as well as field site borings being completed. Deep Soil Mix permit has been issued and work was started in July 2022.

The tower is expected to be finished in 2025.

If you or anyone you know has an interest in acquiring it, contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.

St. Regis Residences Sunny Isles Beach

St. Regis Residences Sunny Isles Beach Reaches $700 Million in Sales in 6 Months

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St. Regis Residences Sunny Isles Beach

The St. Regis Residences, Sunny Isles Beach, Miami’s developers are pleased to report that sales of the exquisite property have exceeded $700 million in just six months, reflecting the overwhelmingly positive response it has received from buyers worldwide.

The St. Regis Residences, Sunny Isles Beach, envisioned as a private residential resort with a vast array of health, culinary, and entertainment services totalling over 70,000 square feet, is poised to be the tallest residential structure on the ocean in South Florida.

In a magnificent location, where skyline-defining architecture, avant-garde design, impeccable craftsmanship, and hallmark St. Regis service and rituals combine to offer a singular experience of seamless luxury.

The two towers will be referred to as the north and south towers. The south tower will have 194 units that range from 2 to 4 bedroom floor plans including a selection of penthouses. The North tower is planned to feature 180 residences but sales will launch at a later date. 

Residence Features:

  • Spacious floor plans boasting unobstructed ocean, city, and Intracoastal views
  • Ceiling heights clearing 10ft in regular units and 12ft in penthouses
  • Fully finished with flooring and closets
  • Private elevator and entry foyer in all residences
  • Service elevators
  • Italian designed kitchens with Quartz countertops
  • Miele appliances including wine cooler
  • Walk-in closets in all primary bedrooms
  • Laundry rooms with full-size washer and dryer
  • Smart home technology ready
  • Service quarters in select residences
  • Full floor residences with spacious floor plans
  • East and West terraces with pool on the east
  • Spacious terraces with luxurious private pool and jacuzzi
  • Summer Kitchen
  • Custom-designed Italian cabinetry
  • Graciously appointed primary suits and separate service quarters with separate entrance
  • Stunning, 360-degree views of the Atlantic Ocean and Intracoastal Waterway
  • Indoor BBQ
  • Indoor/Outdoor living space

Tower Amenities:

  • Managed by the St Regis Hotel Company, without hotel premises.
  • Grand entry driveway and 2-story porte-cochere
  • Impressive two-story lobby
  • 10 Guest Suites per Tower
  • Concierge Services
  • Pet-friendly and much more
  • Private beach facilities
  • Oceanfront and sunset pools
  • A signature restaurant
  • Wellness center
  • Spa
  • Athletic club

The construction plans show 1,000 parking spots available for residents and the starting price for units begins at $3.5 million. The project is expected to begin in 2023 and be delivered in 2026.

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

Miami Worldcenter Pan Am Globe

Spinning Pan Am Globe Installed at Miami “World”center

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Miami Worldcenter Pan Am Globe

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.

The residential towers in Miami Worldcenter include: Legacy Hotel & Residences, Paramount Miami Worldcenter, Bezel, Caoba, and The Crosby.

Villa Valencia in Coral Gables

Villa Valencia Condos in Coral Gables has Officially Completed Construction and Sells Out at 95%

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Villa Valencia in Coral Gables

Four years in the process, the Villa Valencia luxury condo development by Rishi Kapoor’s Location Ventures has officially completed construction.

With $100 million in closings so far, Villa Valencia, a 13-story, 39-unit project at 501 to 525 Valencia Avenue in Coral Gables, is 95% sold out. There are only three units available, one of which is under contract, a $14.9 million penthouse, and two others with an average price of $4 million each.

According to Kapoor, founder and CEO of Location Ventures, the project’s sales averaged $1,100 per square foot, setting a record for that neighborhood.

According to Kapoor, the majority of the buyers are locals from Miami Beach, Key Biscayne, and Coral Gables. In addition, 20% were from New York, 5% from California, and 4% from Illinois, with 2% from Latin America.

The plot was purchased by the developer for $16 million in 2018, and sales of Villa Valencia began the following year.

Kapoor recognized that labor shortages and delays on the project were made worse by the pandemic, but he claimed that setting building cost locks before the pandemic helped him keep costs under control.

Residences

  • Private foyer with elevator entry
  • 10-foot ceilings in living spaces
  • 10-foot exterior sliding doors
  • 8-foot European wood interior doors with concealed hinges
  • Exquisite porcelain floors
  • Custom finished closets
  • Most residences have outdoor terraces with summer kitchens
  • Master bedroom suite with spacious bathroom and separate vanity area
  • Two assigned parking spaces per residence
  • EV-ready parking spaces available

Amenities

  • Entertainment space with billiards and golf simulator
  • Cucina featuring kitchen and full bar for entertaining that opens to the pool deck
  • Library with outdoor terrace overlooking the park
  • Grand building entrance with lobby lounge
  • Covered garden and valet waiting area
  • Tea room with kitchen and bar for entertaining
  • Executive room with video conferencing
  • 10,000 SF onsite park and garden with shade trees
  • Dog park and dog run
  • High-Speed WIFI in all Common Areas
  • Bike Racks
  • Pool Deck featuring two summer kitchens, spacious sunbed relaxation areas
  • 78-foot resort-style pool with lap lane and waterfall
  • State-of-the-art fitness facility with yoga, Pilates and weight training area
  • Spa and wellness center with treatment room, hammam / steam room, his-and-her sauna, and hydrotherapy plunge pools

The Coral Gables City Commission approved Location Ventures’ proposals earlier this week for a second, bigger condo development at 1505 Ponce de Leon Boulevard. The site will be sold by a Florida East Coast Realty subsidiary to Location Ventures, which has plans to construct a 16-story, 87-unit condo structure.