Formula 1 Weekend is Here and We Have All the Details
The inaugural Miami Grand Prix brings Formula One to Miami, Florida this weekend. It is the fifth event on the 23-race F1 schedule and the first of 2 Grand Prix’s in the United States for 2022.
Located at the Miami International Autodrome, 37 Don Shula Drive, Miami Gardens, which is also the location for Hard Rock Stadium. The track itself is a temporary circuit around Hard Rock Stadium and the track stretches 3.363 miles long. It features 19 corners and the anticipated average speed is around 139 mph.
Top Drivers and Teams for F1 Miami
Ferrari’s Charles LeClerc leads the global drivers’ championship with 86 points, ahead of Red Bull’s incumbent champion Max Verstappen (59) and Sergio Perez (59). (54).
Despite this disadvantage, Verstappen remains BetMGM’s favorite for pole position and grand prix victory, with +100 odds on both.
Ferrari also leads the constructors’ standings with 124 points, barely 11 points ahead of Red Bull and 47 points ahead of Mercedes, the seven-time defending champion.
Where to watch?
Free practice round 1: Friday, May 6, 2:25-3:30 p.m. (ET) (ESPN2, ESPN app)
Free practice round 2: Friday, May 6, 5:25-6:30 p.m. (ET) (ESPNEWS, ESPN3, ESPN app)
Free practice round 3: Saturday, May 7, 12:55-2 p.m. (ET) (ESPNEWS, ESPN3, ESPN app)
Qualifying round: Saturday, May 7, 3:55 – 5 p.m. (ET) (ESPN, ESPN app)
The race producers have built a “dock” with 10 yachts overlooking the circuit’s turns 6-7-8 complex, with the vessels on trailers surrounded by a raised solid vinyl finish imitating water.
After Parties
It’s Bleau Live and the official premiere of ‘Miami Race Nights,’ with renowned DJs Calvin Harris and David Guetta, among others, at Fontainebleau Miami. Tickets start at $250 and go up to $55,000 for tables!
CARBONE BEACH will fuse an incredible culinary experience with live entertainment. Each evening of the limited engagement will begin with an expertly curated cocktail hour, followed by a seated dinner prepared by Chef Mario Carbone. This spectacular dinner party will feature CARBONE’S classic dishes, served with the sense of theater and luxury synonymous with the restaurant’s dining experience since it opened. Weaved throughout the evening’s journey will be surprise performances and authentic Italian touches – for a once-in-a-lifetime experience, available for American Express® Card Members only.
This weekend at E11Even Miami, Snoop Dogg, Travis Scott, and Tiesto will be performing just in time for Formula 1. Concert and ticket packages are available.
Weather
The weekend temperature is expected to be around 88 degrees Fahrenheit, with less than a 30% chance of thunderstorms on Saturday and Sunday. This might result in some unexpected thermal tire deterioration, affecting teams’ pit strategy. Thunderstorms would clearly halt on-track activity for safety reasons, but if there is a deluge, the immediate on-track racing might become considerably more volatile.
Groundbreaking Scheduled for Aria Reserve Miami
The groundbreaking for the long-awaited Aria Reserve in Edgewater has finally been scheduled. With the announcement of the groundbreaking also comes the announcement of sales launching for the second tower.
Aria Reserve will rise 62 stories tall reaching 627 feet, making it the tallest dual waterfront residential development in the United States. The project will feature two towers, each with 390 units and 1,608 parking spaces.
Sales for Aria began in June 2021 for South Tower and since the launch, its sales have been very successful. According to the Melo Group, over $40 million of all 12 penthouses have sold within the first 90 days of the launch. Now more than 90% of the units have sold with a total sales of over $600 million.
Construction deposits include a 30% deposit for all U.S. buyers and a 40% deposit for all international buyers. According to the developer, more U.S. buyers have purchased penthouses but overall units, the buyers have been half from Latin America and the other US buyers.
Residential units begin at $750,000. Although sold out, the penthouses started at $12 million. Units will feature 1 to 4 bedroom floorplans with 1,100 to 2,600 square feet of options. The penthouses themselves range from 3,500 to 9,000 square feet with each of them featuring a 3-car garage.
Tower Amenities:
2-acre recreation deck
Lap pool and spa
Gaming center
Playground
Tennis courts
Basketball courts
Paddle courts
Miniature golf course
Wellness center
Gym
Meditation Garden
Residence Features
Unobstructed views of Biscayne Bay and Ocean
Finished residences with two flooring options
All residences include 2 high-speed elevators
All residences include an office/media room
All residences are sunrise-sunset flow-through from East to West
3-month seasonal rentals allowed up to 4 times per year
The Aria Reserve groundbreaking ceremony is set for May 16, 2022. If you or someone you know have an interest in purchasing at Aria Reserve, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
New-York Developer Proposes Two Super Tall Towers at Miami Worldcenter
New York-based developer, Naftali Group, recently announced their plans to build two residential buildings at the Miami Worldcenter. Naftali is entering the height of the Miami construction boom where the demand for residential units is so great, that they hope to relieve some of the market stress with this new development.
The proposed site located at 1016 Northeast Second Avenue expands over 44,500 square feet which will include retail, co-working space and residential units. The Naftali Group paid $40.5 million for the property after the seller, Akara Partner paid $18.8 million in July 2020. The deal has been in the works since last year.
Pre-sales for the two ‘supertall’ towers are planned to begin by the end of the year. Naftali has stated they they are not sure whether that the project will include condos, apartments, or both.
In a statement released by the developer, they have be actively looking at sites in Miami for the past 9 months and the owner believes the property is “a truly unique opportunity to develop in the downtown Miami urban core.”
Additional details about the development will be released in the next few months.
Naftali Group has also purchased an 8,227 square foot lot on Eleventh Street across from the Metromover Station. This lot will allow a project up to 1.3 million square feet. Naftali Group has a mixed portfolio including 37 residential project totaling $12 billion in value.
The Miami Worldcenter is designed around several projects which encompass residential towers, commercial properties, entertainment, and retail that spans 27 acres.
