NoMad Residences Wynwood: Securing $141.5 Million in Financing and Pioneering a Unique Residential Experience
Related Group and Tricap have successfully secured $141.5 million in financing for the highly anticipated NoMad Residences Wynwood, a significant development in Miami’s vibrant Wynwood Arts District. The project received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. Construction commenced in October 2023, shortly after the groundbreaking in September.
“Related Group is proud to partner with Related Fund Management and Kennedy Wilson to drive the development of NoMad Residences Wynwood further,” said Nick Pérez, President of Related’s Condominium Division. “This significant capital infusion is a testament to the strong investor confidence in Miami’s residential market and, more notably, our distinct vision for this hospitality-centric and lifestyle-driven development. We’re excited to bring this unique residential experience to Wynwood, which adeptly blends design, culture, and community in a way that only NoMad can.”
Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, echoed these sentiments: “We are pleased to join with Related Fund Management to provide construction financing to Related Group for this exceptional project. Related Group is arguably the premier residential developer in South Florida and their deep experience, particularly in Wynwood, is one of many reasons we were drawn to this investment.”
NoMad Residences Wynwood, designed by Arquitectonica with interiors by DesignAgency, will offer 329 units ranging from studios to two-bedroom apartments. Each residence will feature floor-to-ceiling windows, private balconies, and modern kitchens equipped with Bosch appliances and Italian-style cabinetry. The units come fully furnished with packages from DesignAgency and are designed with no rental restrictions, allowing owners the flexibility to rent their homes for any period.
The development will include a variety of public food and beverage venues. Highlights include a rooftop restaurant and bar managed by Leo Robitschek, a James Beard Award winner, and Casa Tua Cucina on the ground floor, offering Italian and Mediterranean cuisine.
Residents will enjoy access to an array of amenities such as a rooftop lounge, pool, fitness facilities, and the NoMad Library and Lounge. The building will also showcase art from the Jorge M. Pérez Collection and feature commissioned works that reflect the Wynwood artistic community.
Sales have been robust, with more than 80% of the residences already sold. Completion of NoMad Residences Wynwood is anticipated for late 2025, promising a dynamic and culturally enriched living experience in one of Miami’s most artistic neighborhoods.
Wynwood Welcomes Major Retail Expansion with Prominent Developers
In a significant move for the Wynwood Art District’s commercial landscape, a trio of influential development firms—Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian, and Tricera Capital led by Ben Mandell—has jointly acquired 32,000 square feet of prime ground-floor retail space at the Society Wynwood complex. The deal, valued at $22.5 million, marks a pivotal development in one of Miami’s most vibrant neighborhoods.
Prior to the closing, Tricera and LNDMRK had already signed four major leases, securing tenants for approximately 50% of the available space. This proactive leasing strategy brought in a diverse mix of businesses, including Starbucks, Nacho Daddy, Chama De Fogo Brazilian Steakhouse, and I Scream Gelato. These brands are not just filling space; they are set to enhance the local flavor and economic vitality of Wynwood.
The property, developed by Property Markets Group (PMG) and Greybrook, is situated at 2431 NW Second Ave., right in the heart of the Wynwood Art District. This location is pivotal, standing directly across from the iconic Wynwood Walls. “Wynwood’s growth over the last decade has been tremendous, and our team is excited to continue to play a role in elevating the community,” said Ben Mandell, CEO of Tricera Capital.
Alex Karakhanian of LNDMRK Development also shared his enthusiasm for the project: “We are excited to partner with Tricera and Lion on this transformative acquisition. The retail is situated in the core of the district, and continues to attract premium tenants that want to be part of this vibrant community.”
The retail portion of Society Wynwood, along with its nearly 300 modern residential units and private parking garage, positions the building as a premier destination within the district. This integration of living, leisure, and work space reflects the ongoing transformation of Wynwood into a dynamic urban neighborhood where culture and commerce meet.
With successful leasing already underway and more announcements expected soon, the new ownership is poised to continue its momentum. The addition of high-profile tenants like Starbucks, which will occupy approximately 2,600 square feet, and the unique dining experiences offered by Nacho Daddy, Chama De Fogo, and I Scream Gelato, Society Wynwood is set to become a key player in the area’s ongoing development.
Miami’s Skyline to Soar with the New Midtown 1 Tower
After years of anticipation, the Midtown 1 tower, a groundbreaking project set to redefine the skyline of Midtown Miami, is advancing towards realization. The project has now been sent for review by Miami’s Urban Development Review Board, with the initial renderings of this architectural marvel released to the public for the first time.
Standing at an impressive height of 596 feet, Midtown 1 is slated to become the tallest tower in Midtown Miami. The tower will rise up to 48 stories, towering over the district and offering breathtaking views of the cityscape. This high-rise is designed to accommodate:
400 residential units: A mix of luxury apartments designed for comfort and style, promising an upscale living experience.
27,658 square feet of retail space: Intended to host a variety of shops and boutiques, this area is expected to transform into a bustling hub for shopping and leisure.
498 parking spaces spread across five levels: Ample parking ensures convenience for residents and visitors alike.
The architectural genius behind Midtown 1 comes from Arquitectonica, a renowned firm celebrated for their innovative and forward-thinking designs. The project is being developed by Midtown 1 Investments, a collaborative venture led by Terra and Lion Development Group. This partnership brings together extensive experience and a shared vision for transformative urban development.
The Miami Urban Development Review Board is scheduled to conduct a hearing on the proposal on May 15. This session is crucial as it will determine the next steps in the approval process, moving closer to bringing this ambitious project to life.
Midtown 1 represents not just a building, but a beacon of modern living and urban development. As Midtown Miami continues to grow and evolve, Midtown 1 stands poised to become a landmark that encapsulates the vibrancy and dynamism of the city.
Introducing Clear Residences in Downtown Miami
Toronto-based Blutrich Holdings, spearheaded by real estate mogul Gil Blutrich, is set to transform Downtown Miami’s skyline with their latest venture, Clear Residences. This ambitious project proposes a 60-story mixed-use building situated at 130 Southeast 1st Street, a prime location in the heart of the Central Business District.
Clear Residences is designed to be a nearly 690-foot-tall architectural marvel, encompassing approximately 666,432 square feet. The structure is planned by Kobi Karp Architecture & Interior Design, with landscape architecture by KEITH. The project aims to offer 549 residential units alongside 3,622 square feet of ground-floor commercial space. Furthermore, residents will enjoy nearly 40,000 square feet of amenities and a parking garage designed to hold 157 vehicles. The Miami Urban Development Review Board is expected to review the project proposal on May 15.
Currently, the site operates as a surface parking lot, covering about 23,750 square feet or 0.55 acres, bordered by SE 1st Street and SE 2nd Street, with SE 1st Avenue and SE 2nd Avenue flanking its sides.
The design of Clear Residences aims to blend seamlessly with the urban fabric of Downtown Miami while standing out with its modern architectural elements. The building is characterized by sleek, curved corners and a striking glass façade. A unique feature of the design is the building’s rooftop, which includes landscaped terraces that provide a stunning contrast to its linear structure, enhancing the visual appeal and reducing the massiveness of the tower.
The tower’s position within the city allows it to capture breathtaking views from Biscayne Bay towards the west, emphasizing its prominence in the city’s landscape. The architectural renderings reveal a structure that honors the area’s vibrancy while contributing to the skyline’s dynamic evolution.
Several detailed renderings showcase the building’s intricate fenestration and façade, which includes vertical columns wrapped in golden metal, wrap-around frameless glass guardrails, and floor-to-ceiling windows. The bronze aluminum cladding panels add a touch of elegance and modernity to the overall design.
Blutrich Holdings has requested several waivers to facilitate this project, including increased lot coverage and adjustments to building setbacks and frontage access. These requests are aligned with recent amendments to local zoning codes, aiming to accommodate the unique design and structural requirements of Clear Residences.
Clear Residences is poised to be a significant addition to Miami’s downtown area, offering luxury living combined with breathtaking designs and state-of-the-art amenities. As the review date approaches, all eyes will be on how this project will further shape the future of Miami’s urban landscape.
Revving Up Luxury Living: Aston Martin Residences in Downtown Miami
When dreams meet determination, the impossible becomes achievable. Amidst the glittering skyline of downtown Miami, the Aston Martin Residences stand tall as a testament to visionary thinking and unwavering perseverance. Despite initial doubts, this architectural marvel has not only come to fruition but has also exceeded expectations.
Developer G&G Business Developments defied skeptics as they held a triumphant ribbon-cutting ceremony on April 30, coinciding with Miami’s electrifying race week. The event, graced by the presence of Aston Martin executives and esteemed Miami Mayor Francis Suarez, marked the culmination of years of meticulous planning and dedicated effort.
The allure of the Aston Martin Residences lies not only in its striking design but also in its unparalleled exclusivity. Of the 391 luxury condos nestled within its sleek façade, an astounding 99% were snapped up by eager buyers even before the doors swung open. What’s more, over 50 of these new residents are proud owners of Aston Martin automobiles, further cementing their allegiance to the brand’s legacy of luxury and innovation.
Collaboration breeds excellence, and nowhere is this more evident than in the partnership between Aston Martin’s design team and the visionary architect Rodolfo Miani of Bodas Mian Anger. Together, they have crafted a striking sail-shaped glass tower that stands as an ode to sophistication and modernity, redefining the skyline of downtown Miami.
Step into the realm of luxury living, where every amenity is crafted to indulge and inspire. Spread across levels 52 through 55, residents are treated to a plethora of indulgences. From an exquisite art gallery to state-of-the-art movie theaters, a golf simulator to a bustling business center, every need and desire finds fulfillment within these walls. For families, a dedicated kids’ playroom ensures that little ones are equally catered to, while a full-service spa, beauty salon, and barber shop beckon residents to unwind and rejuvenate in style.
Ascend to level 55, where the true epitome of luxury awaits. The pool deck, with its inviting jacuzzis and private cabanas, offers a sanctuary amidst the bustling city below. Here, residents can bask in the warm embrace of the Miami sun or mingle in the opulent surroundings of the chef’s kitchen, ballroom, and private dining areas, all while enjoying panoramic views of the city skyline and the azure waters beyond.
In the heart of downtown Miami, where innovation meets elegance, the Aston Martin Residences stand not just as a symbol of luxury living but as a testament to the power of ambition and ingenuity. As residents settle into their new abodes, they do so knowing that they are not just homeowners but custodians of a legacy—a legacy built on the belief that with passion and perseverance, even the loftiest dreams can become reality.
ChatGPT Transforming Miami Beach: The Proposed 5-Story Office Building at 1100 5th Street
Miami Beach is poised for an exciting transformation with the proposal of a new 5-story commercial office building at 1100 5th Street, in the vibrant South of Fifth neighborhood. Designed by the renowned Eduardo Souta de Moura and Zyscovich Architects, and developed by Sumaida + Khurana in collaboration with property owners Roslyn and Norton Nesis and Robert and Miriam Weiss of Weiss Properties, this project promises to be a landmark addition to the area.
The planned building stands approximately 80 feet tall and encompasses a total construction area of about 101,424 square feet. The design incorporates a Floor Area Ratio (F.A.R.) of 65,274 square feet, which includes 43,797 square feet dedicated to office space. It also features 7,142 square feet of both indoor and outdoor amenities and 7,204 square feet allocated for a ground floor restaurant. Moreover, the design plans to provide 105 parking spaces to accommodate both tenants and visitors.
Situated on an “L” shaped parcel that stretches over approximately 0.75 acres, the site currently hosts two commercial structures. One is a former Pier One retail store, and the other a Burger King restaurant, both of which will be replaced by the new development. This location, at the intersection of Fifth Street, Alton Road, and Lenox Avenue, extending to 4th Street, is pivotal for enhancing the connectivity and aesthetic of the neighborhood.
The ground floor of the new building will house the main office lobby, a restaurant, and essential back-of-house facilities, along with a publicly accessible open court/patio. To align with the city’s resiliency policies aimed at reducing traffic, the project will also include a Mobility Hub, featuring long-term bicycle racks, lockers, a repair workshop, and showers for commuting cyclists.
The second level is designed for parking, including ADA-compliant spaces and VIP self-parking for office tenants. The upper floors, from the third to the fifth, will accommodate additional office spaces, promoting a modern, light-filled workspace with extensive balconies and glazing.
One of the project’s striking features is its architectural design, which transitions smoothly from the bustling commercial environment of Fifth Street to the quieter residential zones to the south and east. The building steps down in mass and height towards the south, integrating decorative columns that taper with each ascending floor, thus providing a harmonious transition to adjacent areas.
The development seeks a waiver to modify the sidewalk elevation along Fifth Street to better integrate with the existing landscaped areas and pedestrian pathways. Additionally, two variances are requested. One is for the design of an open court space, which, although larger than required, needs adjustment due to its integration with bus and pedestrian traffic. The second variance seeks a slight increase in the maximum building height to enhance the structure’s resilience to sea level rise.
The Miami Beach Design Review Board is set to review this application on June 6th. If approved, this project will not only provide much-needed office space but also boost local amenities and improve urban connectivity, making it a significant enhancement to the South of Fifth neighborhood. This development represents a thoughtful blend of modern design with practical functionality, aiming to set new standards for commercial office buildings in Miami Beach.
Foundation Milestone Achieved at Waldorf Astoria Hotel & Residences in Downtown Miami
Excitement builds in the heart of downtown Miami as the foundation work at 300 Biscayne Boulevard, the future site of the Waldorf Astoria Hotel & Residences, hits a significant milestone. This 100-story supertall tower is not only set to reshape the Miami skyline but also marks the introduction of Florida’s first supertall skyscraper.
Designed by the renowned Sieger Suarez Architects in collaboration with visionary Carlos Ott, the Waldorf Astoria Miami will rise to an impressive height of 1,049 feet. The project is a collaborative endeavor involving Property Markets Group, Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton. Upon completion, the structure will offer 1,738,999 square feet of mixed-use space, including residential, hotel, retail, office, and ample garage facilities.
John Moriarty & Associates, the general contractor overseeing the project, has made substantial progress. Recent updates from Andres Baquerizo at Keller, the contractor responsible for the site work and foundations, showcased the completion of critical foundation stages, including soil mixing and the installation of Augercast/CFA piles at a record depth of 190 feet. These developments pave the way for the next steps, which involve forming pile caps to distribute the building’s load evenly and preparing for vertical construction. The Miami Building Department has facilitated this progress with a Phased Class I: Full Vertical permit issued earlier this year.
The Waldorf Astoria Hotel & Residences will feature 360 private residences and 205 guestrooms and suites. The design includes nine glass offset cubes that create a striking visual effect. The hotel occupies the first three cubes, encompassing Waldorf Astoria’s signature spaces and amenities. Both residents and guests will enjoy access to luxury facilities like Peacock Alley, a specialty restaurant, versatile event spaces, and a holistic wellness spa.
Residents will be treated to top-tier amenities including a private lobby, hospitality suites for social events, a billiard room, a children’s club, and an exclusive pool deck. The integration of smart home technology and a custom mobile app will enhance living experiences by offering streamlined services such as dining reservations, room service, spa and fitness bookings, and more.
The anticipation for the Waldorf Astoria Miami continues to grow as the project moves towards its projected completion in 2027. This development is not just a building; it’s a beacon of luxury that promises to enhance Miami’s urban fabric and redefine luxury living in Florida.
One Park Tower by Turnberry: A New Residential Landmark in North Miami
North Miami is set to be home to a new architectural gem—One Park Tower by Turnberry. This 33-story residential development is currently under construction at 2411 Laguna Circle, within the expansive 184-acre master-planned community of SoLé Mia. The tower, designed by the renowned architectural firm Arquitectonica and developed by Aventura-based Turnberry, promises to be a significant addition to the area, standing at a striking height of 370 feet.
One Park Tower broke ground in January and is projected to offer 869,000 square feet of space, which includes 299 condominium residences. It’s strategically positioned south of the community’s 7-acre lagoon and east of SoLé Mia Way, integrating seamlessly with its surroundings.
The Federal Aviation Administration (FAA) has played a crucial role in ensuring that the construction of One Park Tower adheres to safety standards, particularly concerning air navigation. The FAA issued five building permits for the tower on April 25, valid for 18 months until October 25, 2025. This approval confirms that the tower, at 370 feet above ground or 390 feet above mean sea level, does not exceed obstruction standards and poses no hazard to air navigation.
Additionally, the FAA has approved the installation of two tower cranes at the site, each set to rise to 470 feet above ground level, further facilitating the tower’s construction without compromising safety.
The residences at One Park Tower will offer a range of one-, two-, and three-bedroom units, including luxurious penthouses. Designed by Meyer Davis, these homes will feature high ceilings, dens, wrap-around terraces, and oversized master bedrooms with expansive walk-in closets. The property will also benefit from the landscaping expertise of DS Boca.
A standout feature of One Park Tower is Laguna Solé, a large swimmable lagoon complemented by a beach area, providing a unique aquatic experience to the residents. The development will also include 37 acres of green space, eight miles of biking and running trails, a private swimming pool, pickleball courts, and a state-of-the-art wellness center offering a range of fitness and spa services.
For added convenience, the tower will house co-working spaces, a library, event rooms, a climate-controlled wine room, and a dedicated children’s playroom. Security is a priority, with gated entry and 24-hour security in place, along with a secured parking garage that includes electric charging stations.
Turnberry has secured a substantial $172 million construction loan for the project, with the construction being carried out by Juneau Construction Company. Completion is anticipated in 2026, marking One Park Tower as a future landmark that promises luxury living in a dynamic community setting.
Indian Creek Residences & Yacht Club Sells Second Penthouse for $11.25 Million
Just a few months after making headlines with the sale of its largest and most expensive penthouse, Indian Creek Residences & Yacht Club has once again captured the spotlight. This prestigious Miami property recently sold its second and final penthouse for an impressive $11.25 million. With this sale, the allure of this exclusive Miami community continues to grow, particularly among affluent buyers from New York.
Designed by the renowned Miami-based architect Kobi Karp, and boasting interiors by the acclaimed Zarifi Design, the building reflects a blend of modern aesthetics and luxurious comfort. The eight-story waterfront building features only nine luxury condominiums and includes six yacht slips, making it a unique offering in Miami’s competitive luxury real estate market.
Located across from the ultra-exclusive “Billionaire’s Bunker” and Indian Creek Country Club, the boutique condo offers more than just a home—it promises a lifestyle. The sold penthouse encompasses a full floor, spanning 5,164 square feet. It features 75 feet of unobstructed waterfront views, a private terrace, and not just one, but two state-of-the-art kitchens. Additional luxuries include a wine wall, a dedicated home office, and access to an impressive suite of amenities.
The Indian Creek Residences & Yacht Club doesn’t just stop at beautiful homes. It offers a resort-style amenities package that rivals the world’s finest hotels. This includes a yacht club complete with dockmaster concierge services, a world-class spa, a state-of-the-art fitness center, and an outdoor yoga lawn. For social gatherings, there is a flexible entertainment lounge equipped with a high-fidelity sound system and a bar. The landscaped rooftop terrace features a pool, dining area, outdoor kitchen, and a screening pavilion, providing everything residents might need for entertainment or relaxation.
Adding to its allure, the building offers a full-time doorman, a resident concierge, and 18 private parking spaces, ensuring that every need of the residents is catered to with the utmost attention to detail and privacy.
With its strategic location, stunning design, and comprehensive amenities, Indian Creek Residences & Yacht Club sets a new benchmark in luxury living. Developed by Landau Properties and with sales managed by OFFICIAL Partners, this project has not only transformed the skyline of Bay Harbor Islands but also redefined what luxury living should entail. As construction progresses, it continues to draw attention and admiration from luxury real estate aficionados worldwide.
Una Residences Tops Off Construction
Brickell, Miami’s dynamic urban core, is witnessing a transformative moment with the rise of Una Residences, a beacon of luxury and sophistication. The latest update heralds a significant milestone in the project’s journey as construction has recently reached its peak, crowning Una Residences at an impressive 47 stories tall. This architectural marvel, designed by the esteemed Adrian Smith + Gordon Gill (AS+GG) in collaboration with Revuelta Architecture International, stands tall as Brickell’s first waterfront residential development in over a decade.
Perched at 579 feet, Una Residences offers a breathtaking panorama, showcasing unobstructed vistas of the Atlantic Ocean, Key Biscayne, and the glittering skyline of Downtown Miami. With its prime location at 175 Northeast 25th Road, nestled within the serene South Brickell enclave, Una Residences epitomizes exclusivity and luxury.
Developed by the visionary partnership of OKO Group and Cain International, Una Residences has captured the imagination of discerning buyers, reflected in robust pre-sales that have nearly sold out the tower. The allure of this ultra-luxury project is undeniable, as evidenced by the record-breaking sales of the upper tri-level penthouses, each fetching an impressive $17.75 million in 2022.
“This marks a pivotal moment for our team,” remarked Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International, in a joint statement. “Una Residences introduces a one-of-a-kind building to the Brickell City skyline, offering a luxury living experience unparalleled in the South Florida market.”
Una Residences presents a curated selection of 135 spacious condominiums, ranging from two to five bedrooms, with sizes varying from 1,100 to 4,786 square feet. At the pinnacle of luxury are the two upper tri-level penthouses, each spanning approximately 7,089 square feet and boasting an additional 2,871 square feet of outdoor terrace and rooftop space. These exclusive retreats feature private pools, a summer kitchen, sauna, and steam room, epitomizing the epitome of opulence.
The allure of Una Residences extends beyond its luxurious interiors, with an array of world-class amenities to elevate residents’ lifestyles. From a private marina and three swimming pools to a children’s splash pad area, movie theater, and resort-inspired spa, every aspect of living at Una Residences is meticulously crafted for unparalleled comfort and indulgence. Residents will also enjoy exclusive membership to the prestigious Grand Bay Club on the beachfront of Key Biscayne, further enhancing the allure of waterfront living.
Una Residences is not merely a standalone project but a testament to the commitment of OKO Group and Cain International to redefine luxury living across South Florida. As part of an extensive portfolio, including the recently completed Missoni Baia and the upcoming 830 Brickell and One River, Una Residences stands as a testament to the partners’ unwavering dedication to excellence.
Behind the scenes, a team of renowned engineers and architects, including DeSimone Consulting Engineers, VSN Engineering Inc., HNGS Consulting Engineers, and Enea Garden Design, ensures that Una Residences stands as a pinnacle of structural integrity and aesthetic brilliance.
With construction anticipated to be completed in early 2025, Una Residences is poised to become the crown jewel of Brickell’s skyline, setting a new standard for luxury living in South Florida. As the final touches are added to this architectural masterpiece, anticipation mounts for the unveiling of a new era in waterfront living.
