Melo Group’s Aria Reserve Reaches New Heights with South Tower Topping Off
Miami’s skyline is set for a stunning addition as Melo Group achieves a significant milestone in its Aria Reserve development. The much-anticipated South Tower has reached its pinnacle at an impressive 62 stories, marking a pivotal moment in the project’s journey.
The South Tower’s topping off signifies not only a remarkable architectural achievement but also a testament to the efficiency and dedication of the Melo Group. However, this is only half of the narrative; the North Tower, currently under construction, is poised to match its counterpart’s height upon completion.
What’s truly remarkable is the pace at which Aria Reserve is progressing. Despite the ambitious scale of the project, both towers are on track to be fully completed within an unprecedented three-year timeframe from groundbreaking. Such efficiency speaks volumes about Melo Group’s commitment to delivering exceptional quality without compromising on speed.
Excitement mounts as the project gears up for its first deliveries within the next year. For those eagerly awaiting the opportunity to call Aria Reserve home, the wait is almost over.
The buzz surrounding Aria Reserve is not without merit. With over 95% of the South Tower already sold and the North Tower not far behind at 85%, it’s evident that this development has struck a chord with discerning buyers. The decision to lower the deposit requirement to 20% further reflects Melo Group’s responsiveness to market dynamics and its commitment to making luxury living accessible.
As Aria Reserve continues to captivate the real estate landscape, speculation abounds about future projects under the Aria brand. Martin Melo, Co-Principal of Melo Group, hints at the possibility, affirming Aria’s success as a luxury brand and signaling long-term plans for its expansion. With such promising beginnings, the future looks bright for Aria’s legacy.
As the South Tower proudly stands tall, overlooking Miami’s vibrant skyline, it’s a testament not only to Melo Group’s prowess as developers but also to the enduring appeal of Aria Reserve. With milestones surpassed and records broken, the journey towards redefining luxury living in Miami continues, promising an exciting future for residents and investors alike.
Redefining Luxury Living: Related Group and GTIS Partners Secure $328 Million for Baccarat Residences Miami in Brickell
In a significant development for Miami’s real estate landscape, the Related Group and GTIS Partners have announced the securing of a $328 million construction loan. This financial backing is set to fuel the ambitious development of Baccarat Residences Miami, an opulent condominium tower poised to grace the iconic Brickell.
The financing, extended by Bank OZK at a competitive floating-rate, marks a pivotal step forward for the project. Berkadia South Florida played a crucial role in orchestrating this substantial loan, with key figures like Managing Director Scott Wadler and Vice President Michael Basinski leading the charge alongside Senior Managing Director Mitch Sinberg and Managing Directors Matt Robbins and Brad Williamson.
Baccarat Residences Miami, a property that embarked on its journey in late 2021 and has since soared to over 95% sold, is currently in the throes of construction. Anticipated to reach completion by early 2028, this architectural marvel promises to redefine luxury living in Miami.
Commenting on this milestone, Jon Paul Perez, President of Related Group, expressed gratitude towards the project’s partners and lenders, emphasizing their shared vision for a skyline-altering development. Perez’s sentiments echo the sentiment of determination and optimism that drives this venture forward.
The infusion of this significant capital into the Brickell area underscores the neighborhood’s thriving status. Despite broader economic challenges, Brickell continues to assert its dominance as a premier destination for businesses and residents alike.
Robert Vahradian, Partner and Head of US Investments for GTIS Partners, highlighted Brickell’s allure, citing its resilience and ongoing evolution as key factors in attracting investment. With notable additions like Citadel and a flourishing retail and cultural scene, Brickell stands as a beacon of growth and potential.
Baccarat Residences Miami, the sister property to the acclaimed Baccarat Hotels & Residences NYC, promises a lifestyle of unparalleled luxury. Boasting 355 residences, including eight exclusive penthouses, the tower is a testament to exquisite design and craftsmanship.
Designed by the renowned firm Arquitectónica, Baccarat Residences Miami pays homage to the storied legacy of the French crystal company while introducing a contemporary architectural masterpiece to South Florida.
Spanning over 75,000 square feet, the tower’s amenities epitomize five-star living, featuring state-of-the-art facilities, a luxurious spa, private marina access, and a curated art collection. Managed by SH Hotels & Resorts, these amenities promise an elevated living experience for residents.
As construction progresses and anticipation builds, Baccarat Residences Miami stands poised to redefine luxury living in Miami, embodying the essence of sophistication and exclusivity.
Transforming Miami Beach – The Shore Club Resort & Residences
Miami Beach renowned for its vibrant culture, stunning beaches, and iconic architecture, is poised to welcome a new chapter in its storied history with the revitalization of The Shore Club Resort & Residences. Developers Witkoff and Monroe Capital have entrusted the renowned Auberge Resorts Collection with the management of this distinguished property, signaling an exciting transformation set to debut in 2027.
The Shore Club, located at 1901 Collins Avenue, stands as a testament to Miami Beach’s architectural and cultural heritage. Designed in 1949 by Albert Anis and featuring The Cromwell Hotel, an Art Deco gem from 1939, this site has long been an integral part of the city’s landscape. Now, under the stewardship of Auberge Resorts Collection, this historic location is set to undergo a remarkable evolution, blending its rich past with contemporary luxury.
In collaboration with Robert A.M. Stern Architects (RAMSA), Auberge Resorts Collection aims to breathe new life into The Shore Club while preserving its historical essence. Plans include the introduction of an elegant 18-story residential tower and an independent villa, paying homage to Miami Beach’s renowned MiMo and Art Deco architectural styles.
The residential tower, with its oceanic curves and layered terraces, offers unparalleled views and innovative living spaces that seamlessly merge indoor and outdoor environments. Meanwhile, The Cromwell Hotel will be transformed into 49 unique residences, each boasting individual floor plans and expansive windows framing the breathtaking seascape.
The Shore Club Resort & Residences will offer a blend of serene beachfront living and vibrant urban experiences. Residents and guests alike will enjoy access to exclusive amenities, including a private fitness center, library, lounge, and residents-only pool. Additionally, the property will feature a signature restaurant, dynamic café and bar, Auberge spa and fitness center, and the Beach Club, ensuring a comprehensive and luxurious living experience.
Alex Witkoff, Co-CEO of Witkoff, expressed excitement about the partnership, highlighting Auberge Resorts Collection’s expertise in curating luxury escapes. Craig Reid, CEO of Auberge Resorts Collection, emphasized the brand’s commitment to expanding its presence in global urban destinations, positioning The Shore Club as a standout destination in Miami Beach.
With its blend of timeless charm and contemporary luxury, The Shore Club Resort & Residences promises to be a beacon of sophistication on the Miami Beach skyline, inviting residents and guests to experience the best that this iconic destination has to offer. As the project unfolds, it is sure to redefine luxury living in one of the world’s most coveted locales.
Architectural Brilliance Unveiled: Sumaida + Khurana’s Landmark Project with Eduardo Souta de Moura
In a cityscape renowned for its vibrant energy and architectural innovation, Miami Beach is set to welcome a groundbreaking addition that promises to redefine its skyline. Sumaida + Khurana, the internationally acclaimed real estate development firm, has set its sights on crafting yet another masterpiece, this time in collaboration with the esteemed architect Eduardo Souta de Moura.
The buzz is palpable as Sumaida + Khurana announces its partnership with Pritzker Prize-winning architect Eduardo Souta de Moura for the design of a new Class A+ office building. Nestled at the corner of Fifth Street and Alton Road, this architectural marvel marks Souta de Moura’s inaugural venture in both North and South America, promising a fusion of global expertise and local flair.
Joining forces with property owners Roslyn and Norton Nesis, as well as Robert and Miriam Weiss of Weiss Properties, Sumaida + Khurana spearheads this visionary project in Miami Beach’s coveted South of Fifth neighborhood. The strategic collaboration, structured by Aaron Butler of Avenue Real Estate Partners, underscores a shared commitment to excellence and innovation in urban development.
At the heart of this ambitious endeavor lies a vision to create a landmark structure that transcends mere functionality, embodying the spirit of Miami Beach’s evolving landscape. Saif Sumaida, Founding Partner at Sumaida + Khurana, underscores the significance of this endeavor: “The location of our project at Fifth & Alton presented us with a truly significant and monumental opportunity to develop a gateway building, a structure one first sees when entering a city.”
Amit Khurana, Founding Partner at Sumaida + Khurana, echoes this sentiment, emphasizing the timeless allure of the South of Fifth enclave: “Miami Beach and the South of Fifth enclave has emerged as one of the most sophisticated neighborhoods in the world. We felt that it was imperative to create a timeless building that reflects the evolution of the City.”
The design ethos of Eduardo Souta de Moura, characterized by poetic forms and meticulous detailing, takes center stage in this architectural symphony. The 5-story building, adorned with double-height voids and refined mirror details, exudes a sense of depth and reflection, inviting residents and visitors into a world of sublime elegance.
Crafted from authentic materials such as concrete, glass, and pink coral stone, the building’s structure embodies a harmonious blend of strength and grace. Each floor showcases a gradual reduction in size, culminating in a knife-edge slab at the roof—a testament to Souta de Moura’s mastery of form and proportion.
As plans for this visionary project unfold, anticipation mounts within the Miami Beach community. Set to be presented to the Miami Beach Planning Board on April 25, the development promises to set a new standard for architectural excellence in the region.
In the meantime, Sumaida + Khurana continues to make waves with its ongoing project, The Fifth Miami Beach—a testament to the firm’s unwavering commitment to redefining urban landscapes. With Cain International’s recent infusion of a $47.25 million construction loan and 25% of the building already pre-leased, the future shines bright for Sumaida + Khurana’s ventures in Miami Beach.
As the sun sets over Miami Beach’s iconic skyline, the promise of a new architectural gem beckons. With Eduardo Souta de Moura at the helm and Sumaida + Khurana leading the charge, the stage is set for a landmark collaboration—one that will leave an indelible mark on the city’s rich tapestry of innovation and design. Stay tuned as Fifth Street and Alton Road prepare to welcome a new icon into their midst.
Dolce&Gabbana and JDS Development Reveal New Renderings for 888 Brickell
Miami’s skyline is set to reach new heights with the recent announcement from Dolce&Gabbana and developer JDS. Yesterday, the duo unveiled exciting new details and stunning renderings of their ambitious project: a 90-story supertall condo hotel located at 888 Brickell. This architectural marvel promises to redefine luxury living and hospitality in the heart of Miami.
Standing tall at an impressive 1,049 feet, 888 Brickell is poised to become the crown jewel of Miami’s skyline. The developer proudly announced that it will be the tallest building in the city, boasting a distinctive design characterized by ivory travertine and matt black steel beams. Adding a touch of opulence, a gold beaded ‘necklace’ will adorn the street-level facade, creating a captivating visual spectacle.
Behind the architectural brilliance of 888 Brickell is Studio Sofield, the esteemed architect responsible for bringing this vision to life. With a reputation for crafting iconic spaces, Studio Sofield ensures that every aspect of this project exudes sophistication and elegance.
Venturing inside, residents and guests will be greeted by a Grand Lobby that sets the tone for the unparalleled luxury that awaits within. Boasting two bars and six food and beverage outlets, including a signature restaurant on the ground floor and a chic Pool Club restaurant & bar, every culinary desire is catered to within the confines of this exquisite tower.
The residential lobby is no less impressive, featuring black marble accents and three grand custom-designed Venetian hand-made chandeliers that command attention and admiration.
At the heart of 888 Brickell is the condo hotel, offering 250 meticulously designed rooms and suites. What sets this development apart is the flexibility it affords residents. Buyers of residential units will have the option to participate in a hotel rental program, allowing them to earn income from their investment. Moreover, larger units with multiple bedrooms can be seamlessly converted into smaller rooms with separate entries, offering unparalleled flexibility and convenience.
In a testament to the fusion of fashion and design, Dolce&Gabbana have collaborated with M2Atelier studio to bring their visionary concepts to life within the interior spaces of 888 Brickell. Drawing inspiration from the iconic fashion house, the interior design reflects the timeless elegance and sophistication synonymous with the Dolce&Gabbana brand.
While a construction date for this ambitious project has not yet been announced, progress is evident as a sales office is currently under construction, signaling the momentum behind this landmark development. As 888 Brickell continues to navigate through the planning process, anticipation builds for the moment when this architectural masterpiece becomes a reality, leaving an indelible mark on Miami’s skyline and redefining luxury living for generations to come.
Ytech Secures $104 Million Financing for The Residences at 1428 Brickell
Miami’s real estate landscape is about to receive another jewel in its crown as Ytech, a prominent developer, announces securing a staggering $104 million in financing for The Residences at 1428 Brickell. Nestled in the heart of Miami’s Brickell Financial District, this 70-story residential masterpiece promises to redefine luxury living in one of the city’s most coveted locations.
Designed by the renowned firm Arquitectonica, with interiors crafted by ACPV Architects and landscaping envisioned by Arquitectonica GEO, The Residences at 1428 Brickell stand tall at 861 feet. Boasting an impressive 40% in sales within a year, this project has already captured the attention of luxury buyers, signaling a promising future ahead.
The recent financial infusion, orchestrated by Linkvest Capital and Banesco, with $78 million in refinancing and an additional $26 million in first mortgages, propels this development into its subsequent phases with unwavering momentum. Spearheaded by John Moriarty & Associates as the general contractor, the project is set to undergo demolition and construction, marking a significant milestone in its journey towards completion.
“We continue to successfully hit our targets in sales, finance, and construction for this project, surpassing 40% in sales within a year, securing $104 million in financing, and commencing the demolition process,” said Yamal Yidios, CEO of Ytech. “As we approach groundbreaking, we are determined to deliver the highest-quality project in Brickell.”
The Residences at 1428 Brickell will offer 189 meticulously crafted residences, ranging from two to four bedrooms plus a den, priced from $2 million to $7 million. Each unit, spanning between 1,800 to 4,000 square feet, is designed to maximize light and space, embracing a true flow-through configuration to enhance the living experience.
One of the crown jewels of this development is the $60 million penthouse, boasting 30-foot ceilings and offering unparalleled views of Biscayne Bay. Lower penthouses, starting from $8 million, further accentuate the allure of this luxurious offering.
In addition to the lavish residences, The Residences at 1428 Brickell will feature over 80,000 square feet of amenities, meticulously curated to elevate the lifestyle of its residents. From a sprawling 10,000-square-foot gym to a rooftop pool and a hot spa, every amenity promises to offer an oasis of relaxation amidst the vibrant cityscape. A two-story wine and fine art lounge, showcasing panoramic water and city views, further adds to the allure of this development.
The project is slated for completion in 2027.
New Tower in Midtown Miami Seeks FAA Height Approval
In a significant development for Midtown Miami’s skyline, a recent filing with the Federal Aviation Administration (FAA) has unveiled plans for a new tower that promises to reshape the area’s architectural landscape. Submitted on January 29, the filing seeks height approval for a project that is set to take the place of the planned Midtown 7 building, marking a pivotal step forward in the city’s urban development.
The proposed tower is slated to reach a height of 348 feet above ground level, translating to 363 feet above sea level. This specification aligns closely with a previous submission to the City of Miami, indicating a consistent vision for the project’s scale and impact. The FAA’s approval process is a critical hurdle for the development, ensuring that the tower’s height complies with aviation safety standards and does not interfere with the airspace around Miami.
Midtown 7 is not just another addition to Miami’s bustling urban core; it is a testament to the city’s ongoing transformation and growth. The plans filed with the city reveal an ambitious project featuring:
389 residential units: A significant increase in housing options, catering to the growing demand in Midtown Miami.
28,000 square feet of ground-floor retail space: This space is poised to attract a vibrant mix of shops and services, enhancing the neighborhood’s liveliness and convenience.
501 parking spaces: Addressing one of urban living’s most pressing concerns, the ample parking is designed to accommodate residents and visitors alike, promoting accessibility and mobility.
The journey towards realizing Midtown 7 has been underway for some time, with a construction permit initially applied for in July. Following a review that led to requests for corrections in October, the project remains in its first review cycle. This stage is crucial for addressing any concerns and ensuring that the development meets all necessary standards and regulations.
The construction of Midtown 7 is poised to significantly impact Midtown Miami, both architecturally and socially. By introducing a mix of residential units and retail spaces, the project aims to enhance the area’s vibrancy and appeal, making it an even more desirable destination for living, shopping, and leisure. Furthermore, the tower’s design and stature are set to contribute to the city’s skyline, symbolizing Miami’s dynamic growth and its status as a hub of innovation and development.
As the project moves through the approval and review processes, anticipation builds for the transformative potential of Midtown 7. This development not only reflects Miami’s ambitious urban vision but also underscores the city’s commitment to fostering a thriving, diverse community. Stay tuned for further updates as Midtown Miami prepares to welcome this exciting new addition to its skyline.
Mariners Bay Condo Set to Transform into a 20 Story Development
The Mariners Bay Condo, a familiar name for those who know the area, is set for a transformative makeover. Imagine a stunning 20-story building rising majestically, offering 267 units of luxurious living space. This unnamed development isn’t just a condo; it’s a lifestyle upgrade waiting to happen.
The proposed project will include 12 townhomes and a range of condos from one to three bedrooms. Development amenities include a fifth-floor swimming pool, a state-of-the-art fitness center, spa, children’s playroom and media room. The project also calls for 433 parking spaces.
Set to be located at 12000 N. Bayshore Drive, North Miami, Florida, 33181, this development promises an ideal balance of serene residential living and convenient access to Miami’s vibrant life. It’s a short drive from the beautiful Oleta State Park and just east of I-95.
Plans include revamping the 20-slip marina, adding yet another luxurious touch to this already promising development.
While the project awaits approval, it’s exciting to think about the potential transformation of the Mariners Bay Condo, a structure from the 1980s in need of significant repairs, into a modern haven.
The Rise of Mandarin Oriental Towers in Miami’s Exclusive Brickell Key
The Mandarin Oriental Towers project in Miami’s prestigious Brickell Key represents a significant investment opportunity. Currently in the advanced stages of permitting, with applications already submitted to Miami’s Building Department, this development is progressing rapidly towards construction, ahead of its planned condo sales launch in early 2024.
This ambitious project, exempted from UDRB review as confirmed earlier this year, comprises two distinct towers. The first tower is an architectural marvel, soaring to 65 stories and housing 228 luxurious condominium units. Standing at an impressive 826 feet, the construction of this tower involves a hard construction cost of approximately $237 million, inclusive of $663,600 in initial permitting fees.
The second tower offers a diverse mix of residential and hospitality options. It includes five levels of parking, eight levels of high-end lodging with 121 rooms, four levels of a condo-hotel featuring 28 units, and ten floors dedicated to 66 condominium units. This tower entails a hard construction cost of around $226 million, with $632,800 required for upfront permitting fees.
Moss & Associates, renowned for their construction expertise, are the appointed contractors for both towers. The project is spearheaded by Hong Kong-based Swire Properties, a name synonymous with high-quality developments. Kohn Pedersen Fox, a globally acclaimed architectural firm, is responsible for the design of these towers.
For investors seeking to capitalize on a premium real estate opportunity, the Mandarin Oriental Towers in Miami present a compelling proposition. With its strategic location, distinguished design, and robust development plan, this project is poised to redefine luxury living in Miami.
