Midtown Miami Development Site Sold to ALMI Residential for Planned 389 Unit Tower
Midtown Miami has become a hotspot of late with the announcement of a new tower Standard Residences and now the newest tower to be announced Midtown 7.
Plans for Midtown 7 were originally presented to Miami’s Urban Development Review Board in 2016 but were denied due to limited information the Magellan Development Group (original developers) had proposed.
Megellan Development Group had originally partnered with the property owner, Midtown Development in 2016 and 2017. Those plans for the Midtown 7 tower included the development to rise 31 stories, feature 391 units, and 505 parking spaces.
AMLI Residential purchased the 1.85-acre site located at 3001 N.E. First Ave, Miami for $30.5 million. The site is approved for 389 residential units totaling 451,469 square feet. ALMI Residential is considered one of the largest apartment developers in the United States.
In addition to this approval, once the project is complete, ALMI Residential would transfer 28,000 square feet of retail space leasable to Midtown Development. ALMI Residential would have the first right of refusal if Midtown Development decides to sell the space.
Midtown 7 Amenities
Concierge
Private Pool
Covered Parking
Secure Entrance
24-Hour Security
Gym
Social area/ Entertainment room
Alex Vadia of Midtown Development stated, “We’re happy to welcome ALMI to the neighborhood once more. On the ground level, we’ll continue to line Midtown Boulevard with local retailers, lifted by the draw of select national favorites, like Trader Joe’s, which makes the Midtown neighborhood even more walkable and enjoyable for the public.”
Construction is expected to begin in 2022 with an anticipated completion date in 2024.
Grab Your Mimosas-We are Going to Brunch
Major Food Group does it again with the opening of another restaurant in Coconut Grove and this time, it’s focused on brunch! The restaurant Sadelle’s, which will open mid-December is another New York restaurant that the group has decided to open an additional location in South Florida along with the Italian eatery, Carbone, and ZZ’s Sushi Bar in the Design District.
Sadelle’s will be located at 3321 Mary Street where the former Tigertail + Mary restaurant was located. The building just sold last month in a joint venture with the Terra Group and The Related Group to the developer, Mocca Construction for $5.5 million. That is one of the reasons Tigertail + Mary closed last month was due to this sale. The retail condo space on the main floor was also sold for $6 million to a Mexican Investment Group under the name 2811 SBD LLC.
The founders Mario Carbone, Jeff Zalaznick, and Rich Torrisi signed a 10-year lease for the space. The restaurant will include outdoor space.
According to Sadelle’s website, they are considered to “Serve the best bagels in New York City.” Miami will be the judge of that! Not only do they offer classic bagels, but they also offer chopped salads, sliced to order salmon and sturgeon.
HEALTHY EGG SANDWICH Egg whites, arugula, green chili
EGGS ANY STYLE Scrambled, fried or poached, served with potatoes and bagel
CAVIAR
SOFT SCRAMBLED EGG
LATKE ROYALE
TRADITIONAL CAVIAR SERVICE
SPECIALITIES
GRAPEFRUIT COCKTAIL
FRENCH TOAST
BLUEBERRY PANCAKES
CHEESE BLINTZES
GRILLED SALMON
TROUT MEUNIÈRE
BONE IN STRIP
SIDES
BREAKFAST POTATOES
BACON
SAUSAGE
AVOCADO
SADELLE’S COLESLAW
PICKLES
GLUTEN FREE BAGEL & CREAM CHEESE
BAGEL & CREAM CHEESE
TOASTChallah or Rye
Sadelle’s was also voted 23 Best Brunch Spots in New York City by Harper’s BAZAAR.
You Could Have Your Own Regalia Penthouse for $25.5 Million
Photo Credit: Jeffrey Miller
Located at the Regalia, this 15,000 square foot penthouse is an absolute dream and it could be yours for $25.5 million. In a time where luxury penthouses have been selling quickly and real estate records keep breaking, at this price point plus all of the features and amenities, this penthouse unit is a steal.
The location of the Regalia is unmatched, placing it centrally in Sunny Isles Beach with the ocean just steps from the luxury tower. Located at 19575 Collins Avenue #PH43, this unit has a bird’s eye view of the Atlantic Ocean and the Miami skyline. Featuring 6 bedrooms, 7 full baths, and 2 half baths, this full-floor unit is placed at the very top of the tower spreading over 3 floors.
Upon entering the luxury unit, you are greeted with soaring 20-foot ceilings, a custom rainfall chandelier, and floor-to-ceiling windows with endless ocean views. The Blanco Sevilla stone floors lead to the custom Poliform kitchen with Wolf and Sub-Zero appliances. The kitchen also features smoky quartz counters with Kreon lighting.
The floating staircase takes you to a separate floor where the expansive master is anything but ordinary. This suite is perfectly finished with remarkable ocean views from every corner and the grand bathroom with its Calacatta marble expanding over the floors and walls. According to the listing, there is over $1 million in imported Calacatta.
As you ascend from the pneumatic glass elevator to the private rooftop, an outdoor pool, summer kitchen, and custom bar awaits. The entire unit features Blanco Sevilla Stone and Nikzad flooring throughout, Kreon lighting, Crestron Smart home automation, and Lualdi Italian Interior doors.
This remarkable tower was designed by Bernardo Fort-Brescia of Arquitectonica and decorated by Charles Allem of CAD International, a world-renowned South African designer. The Regalia is the epitome of perfection and luxury. What’s so unique about this tower is the 39 full-floor residences. Each residence expands 5,515 square feet of living space with private elevator entries and 2,100 square feet of wrap-around terraces.
Regalia Amenities
Smart Building
Yoga/Meditation Room
Oceanfront Jacuzzi
5-Star International Concierge Services
Cold Plunge Pool
Private Poolside Cabanas
Finishes with the Finest Stone, Wood, Glass, and Wall Coverings
State-of-the-Art Fitness Center
Professionally Trained Spa Manager
Private Poolside Cabanas
Fountains, Privacy Landscaping, and 24-Hour Valet
This incredible listing is currently up for auction and will be sold to the highest bidder on December 16, 2021. If you or someone you know have an interest in purchasing at the Regalia, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Another Record Breaking Quarter for Miami Dade Real Estate with the Second-Highest Quarterly Home Sales in History
The Miami-Dade County real estate market is still on fire and we have the numbers to prove it. According to the Miami Association of Realtor’s, Miami-Dade County real estate has yet again broke another record for second-highest quarterly Home sales in 2021 quarter three. After last quarter’s record-breaking sales, this is of no surprise.
Sales, once again home sales have surged with a 35.5% increase compared to this time in 2020. Real estate sales are currently at 9,962 for this quarter with last year at 7,351. Single-family real estate transactions rose 2.2% (3,923 transactions) from last year with condo sales increasing by 72% (6,039 transactions).
Total home sales also jumped 40.2% from quarter 3 of 2020 at 9,962 transactions. It’s a large win for luxury condo sales with a sales increase of 199.1% with 643 transactions. Luxury single-family home sales increased at 67.3% for quarter three.
Median home prices have also increased for single-family home by 19% from $420,000 to $500,000 and condo median prices increased at 26.9% from $264,000 to $335,000.
Cash sales increased for Miami by 67.4% higher compared to the national figure. For closed sales, cash represented around 38.5% of those sales. This was a large increase compared to 2020 at 27.3%. For Miami condo sales, cash sales represented 47.1% and 25.1% for single family transactions.
Lack of inventory has been a continued barrier in the current market with single-family homes representing about 2.2 months of inventory and 4.3 months for condominiums. These numbers represent a strong seller’s market. Single-family home inventory decreased by 26.8% while condo inventory decreased by 43.1% compared to quarter two.
There are many variables to the continued increase in real estate sales. That includes low interest rates, restrictions lifted from traveling overseas, and lower pandemic restrictions in Florida have all aided in the surge of the real estate market.
Miami’s First Vinyl Listening Bar-Dante’s HiFi
Wynwood welcomes Dante’s Hifi, the newest bar and listening lounge that will have you stepping into a different era. Think vinyl-covered walls, low lighting, and big leather couches that create a retro yet vintage vibe.
One of the cool things features of this bar is that it is similar to a speakeasy. With no front door, the entrance is in the back through a courtyard.
The intimate bar and lounge located at 519 NW 26th St., Miami was founded by Sven Vogtland, DJ Rich Medina, Alan Drummond, Jourdan Binder, and Arturo Nuñez. The inspiration behind the bar was from listening rooms in Japan. The group also wanted to offer a unique musical experience and not just another Miami nightclub. Medina wanted to bring “listening at a higher level” to Wynwood.
Vogtland being a massive vinyl collector states that “It’s a real cultural thing there, having a cocktail and enjoying vinyl. “That’s where Dante’s came from. I came home and told my business partner: ‘Miami is craving something a bit different.”
According to the owner’s Medina’s album collection is what’s playing at Dante’s HiFi and that around 40% of the records are still in the process of being moved from New York. One of the best things about the music is that there is a specific genre. According to one of the owners, “there’s room for everything.”
Starting the night off, the music is very laid back and chill. After hours, the music picks up and changes into more of a club-like vibe.
Dante’s can only hold around 50 people so reservations are not required by highly recommended with a $25 reservation fee that is applied to drinks.
Speaking of drinks, the cocktail menus are focused on highball that is made with Japanese whiskey and served in a great glass boot. There is also beer, wine, and other cocktails to choose from.
Membership options are also available.
Alaska Airlines Announces Daily Flights from Miami to Seattle
Coming in June 16, 2022, Alaska Airlines will begin daily transcontinental flights from Miami to Seattle. This will be Alaska Airlines’ 100th nonstop destination.
As of March, Miami has joined Oneworld Alliance. Oneworld Alliance was founded in 1999 as an airline alliance featuring 14 airlines that have flight patterns all over the world.
Alaska Airlines currently partners with American and maintains the Miami hub for the Latin America and Caribbean sectors, so it’s no surprise with the recent announcement.
According to the Alaska press release, “Think Seattle to Miami, then onward to locations such as Rio de Janeiro, Buenos Aires, or the U.S. Virgin Islands.”
American is currently the only carrier that flies from Seattle to Miami. The return of the Alaska Airlines flight will be the first time in a decade. The last time the company serviced the area was in 2012 around the same time the company cut operations to Florida.
The company will be using a 737-900 plane and will be the longest continental U.S. flight by distance. The flight itself will take 6 hours from west to east and 6 hours and 30 minutes from west to east.
The airline also services Fort-Lauderdale International Airport with expansions into Lost Angeles, Cleveland, San Francisco, and San Diego.
E11EVEN Developers Announce Second Tower Called E11EVEN Residences Beyond
E11EVEN Hotel & Residences has been one of the hottest pre-construction developments in Miami since the day it was announced. So hot that it sold out even before breaking ground. Now we have a new tower to get excited about, and it’s directly next door, E11EVEN Residences Beyond. This tower will be the twin to the original when it comes to the luxury amenities and design but Beyond will be way more exclusive.
Located directly next to E11EVEN Hotel & Residences at 20 NE 11 Street in the Park West neighborhood, Beyond will be connected by a signature bridge allowing residents to go back and forth but only Beyond residents can have access to the original building and not the other way around. Like we said, exclusive.
Co-developed by PMG and E11EVEN Partners, E11EVEN Residences Beyond will feature 461 fully furnished and fully finished luxury units. Floor plans will range from studio to two bedrooms plus a selection of limited penthouses. E11EVEN Residences Beyond, designed by Sieger Suarez Architects will rise 65 stories tall and will feature a similar design to that of E11EVEN Hotel & Residences.
All residences were designed by the award-winning design firm, Avroko Hospitality Group. These units have been specially curated with luxury in mind. Residence amenities will feature high-end appliances like Sub-Zero and Wolf, which will include a microwave, dishwasher, and a built-in convection oven. A custom lighting package, fireplace, and a top-of-the-line washer and dryers are also in the units. One valet-only space is included with each standard unit.
E11EVEN Residences Beyond will feature all of the same luxury amenities that E11EVEN Hotel & Residences has to offer. That includes a signature restaurant, 93-foot resort-style pool with a private lounge on level 14, a state-of-the-art fitness center, access to E11EVEN Beyond Member’s Club, executive office suites, and workspace. One of the most exciting features is the helipad which will allow residents the ability to charter for travel. Beyond residences can also enjoy all of the amenities that the E11EVEN Hotel & Residences tower has to offer.
E11EVEN Residences Beyond will allow cryptocurrency for deposits.
Breakdown of Payments
10% at contract
10% within 3 months of contract
10% at groundbreaking (May 2022)
10% at 12 months from groundbreaking
60% at closing (Summer 2025)
Seventy-three units have already been reserved. The groundbreaking for Beyond is expected in May 2022 with a completion date in the summer of 2025. If you or someone you know have an interest in purchasing at E11EVEN Residences Beyond, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Developer Sells Palm Island Mansion for $17 Million
Miami-based developer Pedro Adrian of Adrian Homes has recently sold his Palm Island waterfront mansion for a cool $17 Million. The buyer, listed under a LLC by the name of JLG Family Holdings LLC, purchased the property at $1,459 per square foot. The LLC is managed by Jorge and Aida Garcia of Miami Beach.
Located at 198 Palm Avenue, Miami Beach, this gorgeous estate was originally built in 2016 by Adrian and his wife Adria. Featuring 30,000 square feet of property and 100 feet of water frontage, this land is the perfect backdrop for the modern Mediterranean home.
The lot itself is considered one of the largest lots on Palm Island with one of the best views overlooking the downtown Miami Skyline.
The property features 14,000 square feet of unrivaled living space. A total of 6 bedrooms, 8.5 bathrooms, and a 4 car garage make this home truly spectacular. This mansion is not limited in amenities and the lucky buyers will enjoy a sauna, fitness room, and a temperature-controlled wine cellar.
This estate boasts top-of-the-line appliances and mechanicals. The backyard is complete with a 20×40 heated pool, expansive terrace with a summer kitchen and BBQ installation. The 2 large gazebos overlook the ocean and the spacious dock.
The Adrians own a primary home located at 145 Palm Avenue as well as an adjacent lot that features a tennis court.
Adrian Homes is a residential development company based in Miami. They have a long history with Miami and have been established in the area for the past 42 years. Adrian’s has built over 5,000 single-family homes as well as many retail and commercial centers in the Miami Area.
South Miami Welcomes NYC Restaurant in Summer 2022
Over the past year, Miami has seen a swarm of NYC eateries heading south including Carbone and COTE. Now we can add the Parisian-style bistro Pastis to the list. Pastis is famous for being the go-to French fare in the Meatpacking district and many celebrities have been known to frequent this famous restaurant.
Stephen Starr, James Beard Award-winning chef, and Keith McNally are the masterminds behind Pastis that have been in business for nearly 15 years. The new location is expected to open in the summer of 2022 at 380 NW 26th Street in the Wynwood neighborhood.
The design of the new location will be similar to NYC’s location. Designed by Paisely Design, the Miami location will feel like a “time-worn Parisian bistro.” Hardwood plans, a curved zinc bar, dark banquettes, subway tile, and vintage mirrors will flow effortlessly through the space. Handwritten daily specials along with the mosaic-tiled floor will bring the space together forming the vibe of the bistro.
According to Starr, “For the last few years, I’ve had my eye on Wynwood. I’ve witnessed the vibrant and artistic neighborhood transform into a booming cultural hub with an incredible dining scene. People want great food, energy, and a great location; Pastis Miami will be a perfect addition to the community.”
Pastis originally opened in 1999 in Manhattan, while quickly becoming the “go-to” spot for a-listers. In 2014, the building that the restaurant was in sold, and in the summer of 2019, they reopened and Starr joined the team.
Their classic menu includes French classics like steak tartare, onion soup, snails with garlic butter, trout amandine, filet au Poivre, and tuna Crudo.
