Indian Creek Residences & Yacht Club Secure Financing for Construction
Indian Creek Residences & Yacht Club, a boutique residential development that will have condominium units and a private marina, is being built on Miami’s Bay Harbor Islands by the New York and South Florida-based Landau Properties. Financing has now been secured for the property with official sales projected to start in Fall 2023.
Indian Creek Residences & Yacht Club’s $29 million construction credit was originated by Miami-based private real estate lender BridgeInvest. Its flagship fund, BridgeInvest Specialty Credit Fund IV, focuses on development, bridge, and value-add financing across the United States. BridgeInvest provided the construction funding, which was organized by Raffi Landau of Estreich and Company.
According to the CEO of Landau Properties, Jonathan Landau, “We are pleased to have the confidence of BridgeInvest on this very special project that will offer an unparalleled opportunity on the Bay Harbor Islands. We received strong lender interest for this project, and this financing package affirms our team’s ability to create an incredible residential experience with a combination of an amazing waterfront location, service-oriented lifestyle, and world-class design. BridgeInvest, a highly regarded lending institution in South Florida, proved to be the perfect partner given their established local presence and robust construction abilities…”
Nine opulent condominium residences and six exclusive yacht docks will be part of Indian Creek Residences & Yacht Club. One of the only private yacht clubs in the region is housed in the boutique structure, and guests may enjoy a sought-after view of the prized Indian Creek Island. Kobi Karp is designing the waterfront complex, and Linda Zarifi of Zarifi Design is handling the interiors.
Construction Continues on 7918 West Drive In Miami’s North Bay Village
Construction is underway at 7918 West Drive, a 21-story, 54-residence waterfront condominium development in Miami’s North Bay Village.
The foundation through the third level is now complete, and significant progress has been made on the parking garage. The columns and shear walls as well as the sixth level have also had concrete poured. The parking garage’s south section’s foundation is also finished.
Where east and west converge at 7918 West Drive, there are a number of striking units with Aerial views that display the unique architectural and natural features that characterize each floor plan. The idea stands out from the competition because of its unique fusion of a contemporary, high-tech lifestyle with Japanese culture. The development will provide a Zen Garden, a yoga room, and water features to create an indoor-outdoor atmosphere.
Modern SieMatic cabinetry, Cosentino worktops and surfaces, and high-end Miele equipment can be found in the kitchens. Additionally, Hansgrohe and Kohler plumbing fittings will be included in the homes. Additionally, the cutting-edge technology at 7918 West Drive will incorporate automated software customization for the utmost convenience, security, and privacy.
Priced from $2 million to over $17 million, homes range in size from 1,677 to 7,086 total square feet, including a minimum of two bedrooms, and have at least two views of Biscayne Bay. There are only four units per floor, all of the houses are corner units, and each balcony has an irregularly shaped ceiling that offers places that are both partially sheltered and partially sunny.
7918 West Drive will have 16,224 square feet of common areas, 148 parking spaces, and a 33,600 square foot property on the Intracoastal Waterway.
The project architect is Juan Azulay, founder, and director of MTTR mgmt, and the general contractor is listed as Thornton Residential. A multidisciplinary architectural design business with its headquarters in Tokyo, ONE DESIGNS Co. Ltd., created the lobby of the skyscraper. The company includes architectural designers and top-tier certified architects that provide knowledge of Japanese construction and interior design for people looking for a home that simply redefines attention to detail.
7918 West Drive is distinctively designed and equipped with cutting-edge technology throughout. Due to its outstanding design and painstaking attention to detail, the development has made significant progress since its groundbreaking ceremony in February 2023, confirming its place as a benchmark of architectural excellence in South Florida.
River District 14 Development Now Accepting Reservations
River District 14 development has officially launched and is now accepting reservations. With its 283 exquisitely designed studios, one-bedroom, two-bedroom, and walk-up condominium homes, River District 14 gives owners a real turnkey experience.
Featuring more than 20,000 square feet of amenities, River District 14 provides residents with a resort-style pool with cabanas, two indoor pickleball courts, a relaxation area, a cutting-edge fitness facility, a fully furnished co-working floor, and much more. There will be furniture kits available for all homes, making them all move-in ready.
The Miami International Airport, the Port of Miami, and the Brightline Train Station are all nearby important transit hubs. The tower is minutes from the UHealth Towers and Hospitals, one of the most renowned and significant public health districts in the country, and is a short stroll from the excellent dining, shopping, and entertainment options at River Landing.
Owners will have the option to rent out their homes on a daily, weekly, or long-term basis. They can do so independently or through a third-party service like VRBO, Airbnb, etc. Nothing else like it is available. lone long-term rental communities are available in the neighborhood, and the lone hotel in the area has ordinary hotel rooms without kitchens for $250 or more per night and $350 or more per night at other hotels. Early 2024 is the anticipated start date, followed by a mid-2025 completion date.
Miami Freedom Park Construction Update
The location where Inter Miami’s stadium is slated to be built has officially received site work permits from Miami’s Building Department.
In the most recent few weeks, two different permissions were issued. The first one was released on July 14th. It is for work that is categorized under excavation/piles/site and soil enhancement and is expected to be worth $30,759,715.
The second permit, which is listed as excavation/piles/site and soil enhancement category and for a different address, was issued on July 25th and is estimated to be worth $5,240,284.
According to records, the property’s tree and demolition permits are still being reviewed and have not yet been given.
The contractor for Miami Freedom Park is listed as Downrite Engineering. Jorge Mas, the managing owner of Inter Miami, stated in June that the start of construction was anticipated “any day now,” and that it would take a few weeks.
Last year, 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.
The new stadium’s opening is planned for the summer or early fall of 2025, according to Mas.
Cipriani Residences Miami Sells its $16.2 Million Penthouse
Mast Capital, Developer for Cipriani Residences Miami sells a penthouse just weeks after the collection was introduced to the public.
Mast claimed that the asking price for Penthouse 1 was a record-breaking $16.2 million, or $3,333 per square foot.
Four bedrooms, five and a half bathrooms, 4,888 square feet of interior space, and 4,333 square feet of outdoor terrace space—a total of 9,221 square feet—will be found in Penthouse 1. A summer kitchen and private pool with an infinity edge will be part of the outside area.
The Canaletto Collection is located on the top 18 stories of Cipriani and has 68 residences and six penthouses with improvements, making it the “highest level of luxury in Brickell,” in the words of the developer.
Penthouses in the Canaletto Collection start at $9.5 million, with pricing starting at $3.65 million.
Residence Features
• Generous living areas with ceiling heights of 10 feet • Floor-to-ceiling sliding glass doors and windows with magnificent panoramic views • Terrace access from the living room and primary bedroom of every residence • Gracious walk-in wardrobes in every primary bedroom • An exquisite selection of flooring options included • Direct elevator entry for select residences • Eat-in, open kitchen with custom Italian cabinetry inspired by Cipriani’s renowned style • Top-of-the-line appliances from Wolf Sub-Zero, including cooktop, integrated refrigerator, freezer, wine cooler, and dishwasher • Primary bathrooms with grand, stand-alone bathtubs and glass-enclosed showers; vanities with premium Italian cabinetry, imported stone tops, and back-lit mirrors; separate room with water closet • Spacious laundry rooms with full-size washing machines and dryers, with a utility sink in most residences • Individually controlled, high-efficiency central air conditioning and heating systems, with linear diffusers in main areas to ensure seamless integration • Innovative smart technology infrastructure that enables home automation • Intelligent interface system for essential building services such as concierge, valet, and security
Cipriani has disclosed that the residential tower would have sophisticated, resort-style amenities for its inhabitants, as well as traditional design features popular at Cipriani restaurants worldwide.
Tower Amenities
• Exclusive private entrance with lush landscaping and elegant porte-cochère • Dramatic lobby leading to two banks of high-speed, touchless elevators • Signature private dining experiences by Cipriani • In-home dining and 24-hour catering services by Cipriani, exclusive to residents • Private dining rooms available for reservation, catered by Cipriani • Elevated resort deck with two swimming pools, a blissful outdoor spa, poolside cabanas, and a beautifully landscaped sun terrace • Poolside food and beverage services catered by Cipriani • Holistic spa with sauna and treatment rooms • Luxurious residents’ lounge for special events and intimate gatherings • State-of-the-art fitness center • Golf simulator • Pickleball court • Private salon available to be reserved for personal beauty services • Screening room with cutting-edge audiovisual equipment • Serene and spacious residents’ library • Engaging children’s playroom • Elevated four-level wellness center and lounge overlooking the Brickell skyline • Pet-friendly community with a dog park • High-speed internet access across all public areas • Electric vehicle charging stations available • Air-conditioned storage rooms
The target completion date is in 2026. If you or someone you know have an interest in purchasing at Cipriani Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
SoLé Mia Development Adds Reserve Padel to its Luxury Amenities List
The 184-acre master-planned North Miami community of SoLé Mia, developed by LeFrak and Turnberry, and Reserve, the top lifestyle padel brand founded by businessman Wayne Boich, announced the anticipated addition of Reserve Padel club to the growing development project. The club is scheduled to open in the fall of 2024.
Reserve Padel at SoLé Mia will be a premier, two-story padel club with four indoor and six outdoor padel courts, two pickleball courts, elevated viewing areas and social spaces, and a second-floor state-of-the-art gym and wellness center with a cold plunge, steam room, and sauna. The venue will also include a Pura Vida restaurant on-site, which serves up a full menu of organic juices and healthy food alternatives for visitors and has a large terrace with views of the main court.
The public will be able to use Reserve Padel at SoLé Mia once a special membership component has been introduced. This component will grant members access to special events, priority court bookings, and the second-floor health & wellness facilities, among other benefits. The club will also hold two distinct pickleball courts and offer unique competitions, events, exhibitions, corporate outings, clinics for all skill levels, and kid-focused programming.
The addition of Reserve Padel at SoLé Mia will enhance the quality of life in the master-planned community, a thriving urban oasis, and one of the most sought-after new neighborhoods in Miami. With expansive, resort-inspired amenities like a seven-acre, swimmable freshwater lagoon, eight miles of jogging and biking pathways, and 37 acres of manicured open space, the community is oriented on wellness. More than a thousand people currently call SoLé Mia home. When finished, it will have 4,390 homes, 1.5 million square feet of commercial space, the largest world-class outpatient medical facility in the University of Miami Medical Center, UHealth, a charter school, and more. SoLé Mia combines the best of luxury living in a natural setting with recreational amenities.
Summit Brickell Proposed in Brickell Miami
In the Brickell district of Miami, Lore Development Group has submitted designs for, Summit Brickell, a mixed-use development at 1015 Southwest 1st Avenue.
The 69-story tower would be built on a 22,712-square-foot plot of land that is near the Brickell Metromover Station, on the southeast corner of SW 1st Avenue and SW 10th Street. The almost 843-foot-tall building, designed by Corwil Architects, would have an interior area of 875,525 square feet, including 500 residential units, 2,174 square feet of ground-floor retail space, and an integrated 11-story garage with 480 parking spaces.
Renderings of a modern, elegant tower with rounded corners and dynamic moving volumes have just been unveiled. This tower is intended to easily blend into the surrounding urban landscape. The tower’s use of continuous balconies, which gracefully round the building and provide future occupants with spectacular panoramic metropolitan views, is a standout feature. With an approximate height of 843 feet, the tower dominates the Brickell skyline and dwarfs nearby buildings in size. The height between the mechanical level and elevator bulkhead and the rooftop is around 825 feet.
The property has a gross area of 1.011 acres, or 44,020 square feet, and a net area of 0.520 acres, or 22,712 square feet, according to the registration paperwork. The property was purchased for $35 million by Lore Development Group, a partnership between Leste Group and the Brazilian real estate company Opportunity Fundo de Investimento Imobiliário. It consists of several properties, including 74, 78, 84, and 88 SW 10th Streets, 1013, 1015, and 1021 SW 1st Avenues.
The property is expected to offer a range of unit sizes, from 496 to 1,436 square feet, including studios, one-bedroom, two-bedroom, and three-bedroom floorplans. It is anticipated that the flats will be offered for rent given their size. Residents will have access to additional recreational areas thanks to the facilities, which will be housed on the 13th and 69th floors and include a rooftop pool deck.
Due to the fact that this is the pre-application stage, detailed information regarding the material board is not available. However, it may be assumed from the elevation diagrams that the balconies will include wrap-around glass railings, acting as both decorative and utilitarian elements that emphasize the towers’ elevations. Floor-to-ceiling glass panels with aluminum frames are anticipated for the windows, and gray stucco is probably what will be used to complete the external walls. A metal mesh screen is planned to cover the garage, adding a distinctive visual aspect. Additionally, it is planned to add glass panels to the towers’ crowns to further improve the development’s aesthetic appeal.
According to reports, construction on the project will begin in June 2024 and finish in the summer of 2027.
501 First Construction Update
A new image of 501 First Residences has revealed the completion of the foundation pour. Usually, vertical construction starts after the foundation has been laid.
This new 40-story tower with 448, will be developed by Aria Development Group and designed by Revuelta Architecture International, who also designed Wind and 900 Biscayne. 501 First Residences will be located at 501 Northeast 1st Avenue with views of downtown Miami and Biscayne Bay.
According to the Aria Development group, this particular development will be built to cater to the short-term rental market. The biggest perk is that there will be no rental restrictions. This means the resident can utilize any consumer platform (Vrbo, Expedia, Airbnb, etc.) to rent and each unit can be rented for 1 day or more.
The renderings reveal floor-to-ceiling windows and expansive balconies. The sleek structure is curved creating a horizontal and vertical grid-like design. The exact height of the development hasn’t been released but we can expect the 40-story high structure to be over 450 feet in height.
To provide shade and a usable pedestrian space, the ground floor is being planned with broad pathways and vegetation.
On the property, demolition has already finished.
Although 501 First Residences is sold out, if you or someone you know has an interest in purchasing in downtown Miami, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
New Renderings Released for the Upper Penthouses at Baccarat Residences Miami
Rising 75 stories located at 444 Brickell Avenue, the collection includes 324 residences that will begin on the 15th level. The top 3 floors will feature 8 penthouses with immaculate ocean and skyline views. In addition, there will also be 28 riverfront duplexes.
Units will range from 1,330 square feet to over 7,000 square feet, with each unit featuring integrated purified air and water filters, impact-resistant floor-to-ceiling glass doors, 8-foot deep private terraces, and 10-foot high ceilings. Kitchens will be top-of-the-line with high-end appliances, granite counters, and custom cabinetry.
The upper waterfront penthouses will feature 12-floor ceilings, private terraces, summer kitchens, and private pools.
Interior Designed by Meyer Davis Studio, the building design incorporated a mixture of 18th-century French and 1930s Art Deco. The developer includes the Related Group with the landscape architecture designed by Enzo Enea.
The elevated waterfront amenities deck will include an infinity pool with killer views of Miami and Biscayne Bay. Enjoy fine dining at the 10,000-square-foot restaurant that will be announced once construction continues. Additional amenities include a state-of-the-art fitness center, spa, wine cellar, and tasting room.
DEVELOPMENT OVERVIEW
Privileged Brickell waterfront position, where the Miami River meets Biscayne Bay
A dazzling contemporary 75-story glass tower
Collection of 324 tower residences, 8 penthouses, and 28 riverfront flats and duplexes
Panoramic views of Biscayne Bay, the Miami River, and the Miami city lights and skyline from every residence
Artful service and amenities impeccably curated by Baccarat Hotels & Residences and expertly managed by SH Hotels & Resorts
Lushly landscaped waterfront promenade and private marina
Lushly landscaped secluded private entrance leading to the riverfront arrival court and elegant porte-cochere entrance
Exquisitely appointed entrance lobby with grand high ceilings leading directly to three banks of double private elevators to each residence
Permanent installation of curated museum-quality art collection throughout the building’s public spaces
Elevated 12th-level amenities resort deck loaded with a dramatic zero-entry heated saline swimming pool, outdoor spa, pool-side cabanas, summer kitchen area, and beautifully landscaped sun terrace
Glamorously designed Grand Salon set as the ideal location for both intimate gatherings and grand celebrations
Luxurious Clubroom with bar and billiards, catering kitchen, and multimedia facilities
State-of-the-art fully equipped fitness center curated by Altitude
Fitness with cardio theater, spinning room, yoga, and meditation rooms, all overlooking the pool deck resort area
Hammam spa with men’s and women’s steam and sauna facilities, luxurious treatment rooms, and a spa shop
Private screening room with cutting-edge audiovisual equipment and theater-style seating
Game room with multimedia facilities and children’s playroom
Business Center with conference facilities and private workspaces
Gourmet market
Wine Cellar and Tasting Room
State-of-the-art Chef’s Kitchen and Private Dining room
Pet-friendly community with Pet Spa, Grooming, and Walk Service
Hair Salon & Barber Station
High-speed internet access in all public areas
Electric vehicle charging stations
Air-conditioned storage rooms
Bicycle storage spaces
BACCARAT GLOBAL MEMBER PRIVILEGES
Baccarat Owners Circle Services include private shopping, discounts on Baccarat crystal, discounted engraving and gilding, and priority status for custom production
Exclusive tour package to Baccarat France, available only to owners of Baccarat Residences
Invitations to Baccarat events worldwide
Preferred service and privileges at Maison’s Baccarat (Paris and Moscow), BBar (Tokyo), and Crystal Rooms worldwide
Hotel privileges in Baccarat Hotels and SH Hotels & Resorts worldwide
Baccarat Residences has an estimated completion date of 2026. If you or someone you know have an interest in purchasing one of the units at Baccarat Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
New Residential Project Approved in Miami Beach- 72 Park
72 Park, a condominium tower approved for short-term rentals that will be built in Miami Beach, has been announced by the NYC and Miami-based development company Lefferts. This will be the first new luxury tower on Miami Beach to allow vacation or short-term rentals when it is finished in early 2024.
The project will include 206 units with sizes ranging from 470 to 1,177 square feet and prices beginning in the $700,000s. In late July, 72 Park’s topping-off ceremony is anticipated to take place.
The stunning 22-story project by national architecture firm Built Form is situated at 580 72nd Street in Miami Beach. When finished, the opulent tower will provide residents with breathtaking 360-degree views of everything from Downtown Miami to the Intracoastal Waterway.
The LEED Gold-certified condominium tower features Jr., one-, two-, and three-bedroom units with spacious floor plans, high ceilings, deep balconies, Italian cabinetry, imported stone, and energy-efficient appliances. Urban Robots Associates designed the interiors and landscapes. Floor to ceiling, impact-resistant glass, keyless entry with SALTO and smart access controls, individually controlled central AC and heating systems, and high-end bathroom fixtures, hardware, and accessories will all be included in the fully furnished offerings for each unit. Five high-speed passenger elevators with access control and high-speed, fiber-optic Wi-Fi are examples of advanced smart building features.
Additionally, the building offers 64,000 square feet of amenities to its residents, including a large 35,000-square-foot amenity deck with nearly an acre of lush, tropical landscaping, a 150-foot-long resort-style pool with cabanas, a bar and lounge with indoor and outdoor seating, a state-of-the-art fitness center with yoga lounge, a 24/7 coworking lounge with private “pods,” a kids playroom, and a private outdoor barbecue area.
A double-height lobby with wraparound floor to ceiling windows displays 8,500 square feet of excellent ground-level retail space, including the upcoming Roberta’s restaurant and pizzeria by two-Michelin-starred chef Carlo Mirarchi.
72 Park is situated in a park, close to the Miami Beach Tennis Academy, North Shore Park, a vast indoor and outdoor sports and recreation complex with 12 tennis courts, pickleball courts, and two baseball diamonds, the Miami Beach Bandshell outdoor amphitheater, a historic cultural center, Normandy Shores Golf Club, and the new Miami Beach Aquatic Center and Park, which will house an Olympic-size pool, a community library, and a community center. Residents are offered beach service, which includes transportation and free use of recreational tools including Boogie Boards, paddleboards, bikes, and more.
Lefferts’ long-term commitment to reviving this Miami Beach neighborhood and ushering in a new age of investment and growth for one of the most sought-after coastal communities includes four residential complexes, including the project at 72 Park.
