The Residences at Six Fisher Island Secure $400M Construction Loan
In the realm of ultra-luxury real estate, few projects command as much anticipation and prestige as The Residences at Six Fisher Island. Recently, Related Group, in collaboration with partners Teddy Sagi and BH Group, alongside Wanxiang America RE Group, achieved a significant milestone by securing a $400 million construction loan from Madison Realty Capital. This loan replaces an initial $85 million acquisition loan, underscoring the scale and ambition of this exclusive development.
Situated on Fisher Island’s Northeastern shoreline, The Residences at Six Fisher Island is poised to become a hallmark of opulence on the East Coast. With only 50 private residences spread across 10 stories, the project promises an unprecedented level of exclusivity and luxury. Construction is slated to commence this summer, with completion expected by 2026.
Since its launch in late 2022, The Residences have already achieved remarkable sales exceeding $500 million. This includes the recent sale of two penthouses for a combined $150 million, emphasizing the allure and desirability of this unique development.
Berkadia South Florida played a pivotal role in securing the nine-figure loan, with Scott Wadler, Managing Director, highlighting the strategic foresight and global appeal of Related and BH Group’s vision for waterfront luxury living. The project’s distinctiveness and unprecedented demand for its penthouses contributed to Berkadia’s confidence in facilitating this landmark financing arrangement.
Nick Pérez, President of Related’s Condominium Division, expressed a deep commitment to enhancing Fisher Island’s unparalleled reputation. The development aims to blend opulence with tranquility, offering residences averaging 4,817 square feet designed by Tara Bernerd and Partners and Kobi Karp Architects. Each home will feature bespoke interiors, private elevator foyers, and panoramic water views—a testament to meticulous craftsmanship and elevated living.
Residents of Six Fisher Island will enjoy a wealth of amenities, including two resort-style pool decks, a state-of-the-art wellness facility, and exclusive access to Fisher Island’s renowned private beach and golf course. This enclave promises a seamless fusion of privacy and convenience, catering to the discerning tastes of its esteemed residents.
Isaac Toledano, Founder of BH Group, emphasized the project’s commitment to enriching Fisher Island’s unique community ambiance. The development seeks not only to redefine luxury living but also to preserve and enhance the island’s cherished village-like atmosphere—a testament to BH Group’s dedication to crafting exceptional living environments.
With the $400 million construction loan secured, The Residences at Six Fisher Island stands poised to redefine the pinnacle of luxury living on the East Coast. This landmark development represents a harmonious blend of visionary architecture, unparalleled amenities, and a commitment to timeless elegance. As construction progresses, anticipation mounts for what promises to be a new standard in coastal living, offering a rare opportunity to reside in one of the world’s most exclusive communities.
Introducing First & Fifth: A New Icon in Downtown Miami’s Skyline
Oak Row Equities has made a bold move in the heart of Downtown Miami with its recent acquisition of 49 Northwest 5th Street, heralding the dawn of First & Fifth, a visionary 45-story multifamily tower. This off-market purchase, secured for $38.5 million with seller financing, marks a significant step in the company’s commitment to shaping South Florida’s urban landscape.
Designed by ODP Architecture & Design, First & Fifth draws inspiration from Miami’s rich Venetian architecture of the early 20th century, blending historical charm with contemporary flair. The design features prominent arches reminiscent of the Doge Palace in Venice, creating a unique silhouette against Miami’s skyline.
The 700,000-square-foot tower will host 500 multifamily units, each offering high-end finishes and sweeping city views. Bright, airy spaces emphasize the open feel of urban living, tailored to meet the demands of modern residents seeking both luxury and convenience.
Situated strategically across from MiamiCentral Station, First & Fifth enjoys unparalleled connectivity as the central nexus for South Florida’s major train systems: Brightline, Metrorail, Tri-Rail, and Metromover. This prime location places residents within walking distance of Miami’s dynamic urban core, including Miami Dade College’s Wolfson Campus, the federal courthouse, and the Miami Heat’s arena.
Erik Rutter, Managing Partner at Oak Row Equities, articulates the project’s vision: “First & Fifth exemplifies our belief that proximity to transportation hubs is pivotal in shaping urban living choices in South Florida.” This sentiment is echoed by David Weitz, Managing Partner, who emphasizes the project’s culmination of foresight and collaboration.
First & Fifth not only enhances the skyline but also reflects Oak Row Equities’ dedication to transit-oriented development. This approach is central to their portfolio, which includes notable projects like The Oasis, Wynwood Plaza, and others strategically positioned near transit nodes to maximize connectivity across the region.
As Oak Row Equities prepares to introduce First & Fifth to the capital markets and prospective tenants, anticipation mounts for a new chapter in Miami’s urban evolution. With its blend of historical inspiration, modern design, and strategic location, First & Fifth promises to redefine urban living in Miami, offering a vibrant lifestyle where convenience meets luxury.
Stay tuned as First & Fifth rises to prominence, a testament to Miami’s growth and Oak Row Equities’ commitment to innovation in urban development.
$668 Million Construction Loan Secured for Waldorf Astoria Hotel & Residences
Waldorf Astoria Hotel & Residences, spearheaded by PMG in collaboration with esteemed partners including Greybrook, Mohari Hospitality, S2 Development, and Hilton, has secured a monumental $668 million in construction financing, setting a new record in Florida’s residential condominium development history.
Nestled at 300 Biscayne Boulevard, the Waldorf Astoria Hotel & Residences Miami is not just another skyscraper; it’s a marvel in architectural ingenuity and luxury living. Designed by the renowned Sieger Suarez Architects in collaboration with Carlos Ott, the 1,049-foot tower will stand as the tallest residential building south of New York City. Its distinctive design features nine spiraling, offset glass cubes wrapped in a stunning “glass skin,” ensuring it stands out as an iconic addition to Miami’s ever-evolving skyline.
What sets Waldorf Astoria Hotel & Residences Miami apart is its seamless blend of luxury residences and world-class hospitality. The development will house 387 private residences alongside 205 guestrooms and suites within the luxury hotel segment. Each unit is meticulously crafted with BAMO’s award-winning interior design, offering not only breathtaking views but also unparalleled comfort and sophistication.
Residents and guests will enjoy access to the Waldorf Astoria brand’s renowned Peacock Alley, a specialty restaurant, and indoor/outdoor event spaces for memorable gatherings. A resort-style pool deck with private cabanas, a holistic wellness spa, and state-of-the-art fitness center ensure relaxation and rejuvenation at every turn. Private residential amenities include an exclusive lobby, billiard room, and a kids’ club, offering something for every member of the family.
As the project moves into its vertical construction phase, anticipation builds for the grand unveiling slated for Q2 2028. Managed by Hilton Management Services, Waldorf Astoria Hotel & Residences Miami promises not just a residence, but a refined haven where personalized service and best-in-class experiences define everyday living.
Luxury Living Redefined: The St. Regis Residences Unveil Exclusive Garden Villa in Miami’s Brickell
Miami’s skyline is set to be adorned with a new beacon of luxury living as Related Group and Integra Investments unveil the first of two exclusive garden villa residences at the prestigious St. Regis Residences in Brickell. Priced at a staggering $32 million, this four-floor villa epitomizes opulence, offering 7,617 square feet of indoor living space complemented by an additional 2,726 square feet of breathtaking outdoor areas, including a rooftop terrace with a captivating swimming pool overlooking the azure expanse of Biscayne Bay.
Dubbed as the neighborhood’s definitive luxury address, The Residences boast a visionary team behind its creation. With architecture by the esteemed Robert A.M. Stern Architects (RAMSA) and interiors meticulously crafted by the highly acclaimed Rockwell Group, this property represents a convergence of timeless elegance and contemporary allure. RAMSA’s design, inspired by the sophistication of golden-age ocean liners fused with modern skyscrapers, marks the firm’s debut in South Florida’s residential development landscape.
The 50-story tower will feature 152 condominium homes ranging from two to six bedrooms, including penthouses, sky villas, and the two standalone garden villas, promising a bespoke experience synonymous with the legendary St. Regis brand’s historic five-star services.
Nick Pérez, President of Related’s Condominium Division, emphasizes the unique proposition of the garden villas, stating, “Located in one of Brickell’s most sought-after enclaves, the garden villas at The St. Regis Residences, Miami, offer the experience of living in a single-family home alongside the personalized services and carefully curated amenities that are hallmarks of the St. Regis brand.”
Luxury pervades every corner of the garden villa, boasting five bedrooms, six bathrooms, and two powder rooms. The main level welcomes residents into a spacious great room seamlessly integrated with an outdoor terrace, chef’s kitchen, and dining room. The kitchen, adorned with modern appliances and handcrafted Italian millwork, exudes an elevated aesthetic marrying contemporary lines with traditional accents.
Ascending to the upper level, the primary bedroom offers serenity with direct access to a terrace, two walk-in closets, and a sumptuous midnight bar. The villa’s crowning glory, the rooftop deck, redefines indoor-outdoor living, offering panoramic views of Biscayne Bay. Residents can indulge in al fresco dining, lounging in landscaped areas, or taking a dip in the pool and spa overlooking the Brickell waterfront.
Beyond the villa’s confines, residents will revel in a plethora of amenities spanning over 50,000 square feet of indoor and outdoor spaces. A professional-grade fitness center, full-size pickleball court, private marina, world-class spa, and indoor lap pool beckon to cater to residents’ wellness and leisure needs. Signature butler services add a touch of refinement, ensuring a seamless living experience.
Moreover, dining at The Residences transcends the ordinary, with offerings including the iconic St. Regis Tea Room and a residents-only, fine-dining restaurant helmed by Michelin-starred chef Fabio Trabocchi, elevating gastronomic experiences to new heights.
Surrounded by park-like grounds landscaped by the acclaimed Swiss design firm, Enea Garden Design, The St. Regis Residences promise a lifestyle of unparalleled luxury, sophistication, and exclusivity, redefining the art of living in Miami’s vibrant Brickell neighborhood.
Construction Update for St. Regis Residences Miami
In a city known for its ever-evolving skyline, Miami’s Brickell neighborhood is gearing up for another impressive addition. Plans submitted to the Federal Aviation Administration (FAA) on June 3 have revealed ambitious developments at the St. Regis Residences property on Brickell Avenue.
According to the filing, two cranes are slated to be erected at the construction site, symbolizing a significant milestone in the area’s ongoing transformation. These towering structures are set to reach a remarkable height, with each crane projected to rise an impressive 741 feet above ground level, or 750 feet above sea level.
The proposed cranes are not the only elements reaching new heights in this project. Earlier this year, the Miami Building Department granted a total demolition permit, marking the beginning of the site clearance process. The permit was issued to make way for the forthcoming St. Regis tower, which promises to redefine Brickell’s skyline.
The vision for the St. Regis tower is nothing short of breathtaking. Once completed, it is set to soar 52 stories above ground, reaching a height of 630 feet above ground level and 639 feet above sea level. This architectural marvel will not only reshape the skyline but also elevate the living experience for future residents.
As the project progresses, meticulous planning and coordination are underway. A master construction permit is currently under review, while phased vertical and site work permits are in process. These meticulous preparations underscore the commitment to ensuring the seamless execution of this monumental endeavor.
The St. Regis Residences project represents more than just a construction site; it embodies the spirit of innovation and progress that defines Miami’s vibrant landscape. With each crane raised and each floor built, Brickell’s skyline reaches new heights, reflecting the city’s unwavering ambition and limitless potential.
Tower Near Arsht Center to Soar Higher Than Initially Planned
Miami’s skyline is about to undergo another transformation as plans for a new tower near the Arsht Center have been formally filed, revealing an increase in height beyond initial expectations. This development signals not only the city’s continued growth but also the adaptability and evolution of urban architectural projects.
According to recent filings submitted on June 6th to Miami-Dade officials for zoning approval, the tower is now slated to rise 30 stories above ground, reaching an impressive height of 353 feet. This significant increase surpasses the earlier projection of 27 stories, standing at 319 feet, as detailed in an April filing by the developer during a pre-application meeting request. The adjustment in height underscores the dynamic nature of construction projects and the iterative process of urban development.
Despite the upward revision in height, one aspect remains constant: the number of dwelling units. The tower is still planned to accommodate 283 units, maintaining its residential capacity as previously envisioned. This continuity ensures that the project retains its intended scale and functionality, providing housing options within the burgeoning cityscape.
Behind this ambitious venture is a dedicated team of professionals committed to bringing the vision to life. 14th Street Miami Investments, LLC spearheads the development, while RSP Architects of Miami lends their expertise as the architect responsible for crafting the tower’s design. The project’s engineering aspects, both civil and traffic, are entrusted to Kimley-Horn, ensuring the structural integrity and seamless integration with the surrounding urban infrastructure. Urban Robot contributes its landscape architectural prowess to enhance the green spaces surrounding the tower, while legal matters and land use intricacies are expertly navigated by Bercow Radell Fernandez Larkin + Tapanes. This collaborative effort underscores the interdisciplinary nature of modern urban development, where diverse skill sets converge to realize ambitious projects.
As plans for the tower near the Arsht Center take shape and surpass initial expectations in height, Miami’s skyline prepares for another striking addition. This development not only reflects the city’s ongoing evolution but also exemplifies the collaborative spirit driving urban innovation. With a dedicated team and meticulous planning, the tower is poised to become a prominent feature in Miami’s ever-changing landscape, contributing to its vibrant urban tapestry for generations to come.
The Residences at Shell Bay Unveils $1 Million Private Membership Yacht Club
The Residences at Shell Bay, a stunning 150-acre golf destination and exclusive resort has been making headlines with its jaw-dropping $1 million+ club membership invitation fee. But that’s not all – the latest addition to Shell Bay is The Shell Bay Yacht Club, a private 48-slip marina, complete with two 55-foot houseboats available for charters.
Situated on the Intracoastal Waterway, The Shell Bay Yacht Club is perfect for those looking for maritime experiences in Miami without the commitment of owning a boat. It’s also a great solution for private vessel owners who have been struggling with the shortage of docking spaces in the area. Developed by The Witkoff Group and PPG Development in partnership with Auberge Resorts Collection, this new yacht club promises a lavish nautical lifestyle.
The amenities at The Shell Bay Yacht Club are nothing short of extraordinary. From a dedicated dock master and concierge services to specially curated waterfront experiences like deep-sea fishing and catamaran snorkel tours, residents will have access to it all. And if boating isn’t your thing, you can enjoy paddleboarding, jet skiing, and kayaking.
Fishing enthusiasts will be in their element at The Shell Bay Yacht Club, given the diverse marine species in the Atlantic Ocean and Intracoastal Waterway. Whether you’re after saltwater game fish or local favorites like wahoo and tuna, the opportunities for a great catch are endless. And if you do reel in a fresh catch, Shell Bay’s Chef will prepare it into a delectable seafood dinner tailored to your preferences.
But that’s not all – Shell Bay is also home to an 18-hole, Greg Norman-designed Championship course, one of the longest in South Florida. The property also features a Racquet Club with tennis courts, pickleball, and padel courts, as well as basketball courts, batting cages, and a children’s discovery playground.
Adding to the allure, Auberge Resorts Collection will be opening a hotel at Shell Bay, offering a suite of five-star amenities and services, including resort-style swimming pools and a state-of-the-art fitness center. Auberge will also be servicing The Residences at Shell Bay, a luxury condominium tower offering 108 private residences.
Sales Launch for Domus Brickell Park Miami
We are thrilled to announce the launch of sales for Domus Brickell Park, the latest milestone in luxury condominium development brought to you by North Development—a joint venture between Miami developer Ricardo Dunin’s Oak Capital and Peru’s Edifica. This exciting project marks the second condominium under the Domus brand and showcases the unique FLATS concept (Flexible Apartments for Temporary Stays), designed to revolutionize urban living.
Situated in the heart of Miami’s prestigious Brickell financial corridor, Domus Brickell Park will rise 35 stories high, featuring 579 meticulously designed units. This prime location at 1034 SW 2nd Avenue places residents at the epicenter of vibrant city life, surrounded by major banks, corporate headquarters, trendy restaurants, shopping centers, and recreational venues.
Domus Brickell Park promises an exceptional living experience with an array of world-class amenities:
The Cypress Room: A luxurious 4,000-square-foot gathering space featuring a café, wine bar, and artisanal market with gourmet fare.
High-Touch Services: 24-hour concierge, valet attendants, and a dedicated customer service line.
Wellness and Recreation: A seventh-floor gym with an outdoor terrace, rooftop yoga deck, rooftop bar, pool, sky deck, cabanas with day beds, hot tub, and a lush garden lounge.
Technology and Convenience: The Domus FLATS App for seamless check-ins, room and elevator access, and more.
The FLATS concept, coined by Ricardo Dunin, is garnering praise for its innovative approach to short-term rental-friendly offerings, rooted in high-end hospitality. Domus Management, a bespoke management company created by Dunin, ensures that each property adheres to top-tier brand standards, providing a comprehensive, customer-centric experience.
The design team for Domus Brickell Park includes Studio Mc+G Architecture, known for their work on the iconic Delano South Beach hotel, and Urban Robot Associates, specialists in urban design, interiors, and landscape architecture. The building is a wellness-focused ‘green’ structure featuring ultraviolet (UV) water purification, air filtration systems, and EV charging stations.
Residents of Domus Brickell Park will enjoy unparalleled access to transportation, with the Brickell Metromover station just one block away. This connection links to the Miami Metrorail and the Brightline high-speed train, making travel to Orlando a breeze. The building’s location also offers stunning high-floor views of the cityscape and Biscayne Bay, and proximity to Southside Park, multiple greenspaces, and The Underline—a 10-mile linear park with numerous amenities.
Starting from the low $500,000’s to $1.5 million, Domus Brickell Park offers studio, one-, and two-bedroom FLATS featuring nine-foot ceilings, private balconies, keyless entry smart lock systems, premium appliances, and in-unit washers and dryers. This competitively priced property is poised to be a standout in the Brickell market.
Domus Brickell Park is slated for completion at the end of 2027, promising to be a landmark of luxury and innovation in Miami.
ELLE Unveils ELLE Residences Miami-A Stylish 25-Story Luxury Tower in Edgewater
The world’s largest fashion media and lifestyle brand, ELLE, has just made an exciting announcement: the unveiling of its first-ever residential tower, ELLE Residences Miami. This 25-story architectural marvel, located at 3618 NE 5th Avenue, promises to bring a slice of Parisian elegance to Miami’s vibrant Edgewater neighborhood, a swiftly rising star among the city’s most coveted addresses.
ELLE Residences Miami epitomizes the brand’s chic aesthetic and trendsetting influence. ELLE Residences Miami will feature 180 fully furnished, move-in-ready contemporary dwellings. Home-sharing capabilities add a layer of flexibility, catering to those who seek both personal enjoyment and investment opportunities.
The luxury tower boasts two expansive floors dedicated to amenities that rival those of a five-star resort. These include:
French Riviera-inspired sundeck with a resort pool and private cabanas
Gourmet summer kitchen, cozy fire pit, and outdoor movie theater
High-tech gym, outdoor fitness lawn, meditation garden, and a spa with steam, sauna, and cold plunge
Rooftop pool with panoramic views of Biscayne Bay
Resident-only lounge featuring an entertainment salon and a listening bar
ELLE has partnered with The One Atelier, known for their work with Dolce&Gabbana, Fendi Casa, and Karl Lagerfeld, to ensure the interiors reflect the innovative and inspirational designs featured in ELLE DECOR. Architecture is led by Behar Font & Partners, promising a striking façade that complements the lush, vibrant Edgewater landscape.
Priced from the $525,000s, the residences range from 450 to 845 square feet, offering one or two-bedroom options. Additionally, a collection of penthouses will be available for those seeking even more luxurious accommodations.
Situated in the heart of Edgewater, ELLE Residences Miami offers unmatched access to the best of Miami’s cultural, dining, and shopping scenes. With proximity to top attractions like the Miami Design District, Brickell City Centre, and the beaches, residents can effortlessly indulge in the city’s offerings. The property’s location also ensures seamless travel, being just seven miles from Miami International Airport.
“ELLE Residences Miami marks a groundbreaking moment in ELLE’s storied history, merging fashion and real estate in a way that’s never been done before,” said Fernando de Nuñez y Lugones, CEO of Vertical Developments. “We are proud to create an ownership experience that blends modernity with the timeless sophistication of ELLE’s nearly 80-year history.”
Robert Thorne, CEO of Urban Network Capital Group, echoed this sentiment: “We are thrilled to introduce ELLE Residences Miami, a concept that combines the city’s cultural diversity with ELLE’s eclectic and contemporary Parisian allure.”
Summit Brickell Development Secures FAA Approval, Moves Forward with Updated Plans
The highly anticipated mixed-use development, Summit Brickell is set to redefine the skyline of Miami’s Brickell neighborhood. Located at 1015 Southwest 1st Avenue, this ambitious project recently achieved a significant milestone by securing approval from the Federal Aviation Administration (FAA). With this approval, the development is poised to rise 765 feet above ground, reaching a total height of 769 feet above sea level at its highest point. Designed by Corwil Architects and developed by Lore Development Group—a joint venture between Brazilian billionaire Daniel Dantas’ Opportunity investment firm and Leste Group—Summit Brickell promises to bring a dynamic blend of residential and commercial spaces to the heart of Miami.
Filed on April 5 and swiftly approved on May 21, Summit Brickell is planned as a 60-story structure with a total floor area ratio (FAR) of 717,740 square feet. The updated plans for the tower to include:
500 residential units
1,583 square feet of commercial space
500 parking spaces
Documents recently filed with Miami-Dade County in April provided updated renderings and plans for Summit Brickell. One of the notable changes is the reduction of the proposed structure from 69 to 60 stories. The updated plans also indicate the elevator bulkhead will now rise to 750 feet, significantly lower than the initially planned 843 feet, falling well within the heights approved by the FAA.
Summit Brickell is currently under review by Miami-Dade County planners as part of its Rapid Transit zoning plan, allowing it to bypass city review. However, a construction permit for the project has not yet been filed with the county.
The project’s material board highlights the variety of architectural features and elements that contribute to the overall design and aesthetic of the structure. Key features include:
Fine sand stucco/textured finish used throughout the elevations
Horizontal concrete pours/sculpted to exterior walls
Impact-resistant guardrail systems
Sliding glass doors with impact-resistant aluminum frame and glass
Fixed-lite, clear safety glass and impact-resistant guardrail system on balcony rails
Additionally, the building will feature:
Impact-resistant glass doors
Storm-resistant mesh screens
Parking garage breezeway
Perforated aluminum garage system panels
Decorative metal claddings
Aluminum sunshade systems
Summit Brickell will offer various unit types from the 14th through the 58th floor, including studios, one-bedroom, two-bedroom, and three-bedroom floor plans ranging from 500 to 1,418 square feet. The penthouse units on the 59th floor will range from 1,288 to 2,618 square feet. Residents will enjoy amenities on both the 13th floor and the 60th-floor rooftop. The parking garage is designed to occupy floors 2 through 12, ensuring ample space for residents and visitors.
While it remains unclear when the developer plans to break ground on the project, it is still navigating through the approval process, and no permits have been submitted as of May. Initially, groundbreaking for the project was tentatively scheduled for June 2024, with completion expected by summer 2027. However, given the current status, a groundbreaking towards the end of the year seems more likely, with completion potentially extending into late 2027.
