Aria Development Plans 105 Unit Development in South Brickell-2200 Brickell
Miami’s 2200 Brickell is a brand-new, luxurious condo offering an unrivaled modern condo investment opportunity. Across from opulent waterfront towers, close to Coconut Grove and the Rickenbacker Causeway. On 1.65 acres, these 105 condo units will be a great residential choice in the most sought-after part of downtown Miami.
After the recent success of YotelPad and the current spectacular new short-term rental developments with AirBNB of 501 First Residences and 600 Miami Worldcenter, ARIA Development Group, a builder with high prestige in the market, will develop 2200 Brickell residences. Aria Development is also partnering with Largo and Place Projects on 2200 Brickell.
Developer: Aria Development Group, Largo, Place Projects
Architecture: Revuelta Architecture International
Interior Design: ODA New York
Number of Residences: 105
Number of Stories: 5
Residences:
1 Bedroom 590 – 864 SF
2 Bedroom 1,187 – 1,329 SF
3 Bedroom 1,470 – 1,846 SF
Garden Villas
2 Bedroom1,233 – 1,793 SF
Bedroom1,973 – 2,070 SF
Residence Amenities:
Floor-to-ceiling glass windows and sliding glass balcony doors
Large format ceramic tile flooring throughout the living area with engineered wood flooring in bedrooms
Fully tiled balconies featuring glass railings with access from the living room and primary bedroom of every residence
Custom gourmet kitchens designed by ODA New York with wood cabinetry and stone countertops
Luxury primary bathrooms featuring double vanities, stone countertops, porcelain tile on walls and floors as well as rain showers
Spacious, fully built-out custom closets
Dedicated laundry featuring a full-sized washer and dryer
Development Amenities:
Covered porte-cochère
On-site valet parking
Double-height, 24-hour attended lobby
Above-ground parking on all levels with direct access to residences
Electric vehicle charging
Luxer One automated parcel storage featuring tech-forward, contactless digital package delivery system with cold storage
The resident lounge and entertaining space
Dedicated work-from-home suites with conference room
World-class state-of-the-art fitness center designed by Homage Fitness
Custom children’s playroom designed by Silver Hill Arts
Cycling lounge & workshop and bike storage
WELL Building StandardTM designation with thoughtful and intentional spaces that enhance human health and well-being
Resort-style pool with outdoor spa and poolside cabanas
Pickleball court
Summer kitchen with ample seating
Outdoor fitness area designed by Homage Fitness
Children’s play area by Silver Hill Arts
Quarter-mile walking track
Pricing for the units will begin at $1,000,000.
Midway through October 2200 Brickell Holding LLC and Miami-Water Dade’s and Sewer Department reached an agreement for the supply of utilities for the new project. The demolition permit to clear the site was also issued in August 2022.
$40 Million Construction Loan Secured for Bentley Residences
A $40 million construction loan was secured by Dezer Development’s proposed Bentley Residences condominium development in Sunny Isles Beach.
Records show that City National Bank of Florida provided the mortgage. The financing is for pre-development expenses related to the planned 216-unit luxury tower at 18401 Collins Avenue.
The Sunny Isles Beach-based development company, run by Gil Dezer, just unveiled a $10 million sales center with a scale model of a 6,000-square-foot condo at Bentley Residences. For apartments facing the Intracoastal Waterway, prices vary from $5 million to almost $6 million. Units with a view of the ocean start at $7.2 million. The penthouses will cost between $57 million and $75 million.
Bentley Motors and Dezer collaborated to create their first residential building ever constructed. According to a press release, the 61-story Bentley Residences will have a “Dezervator” auto elevator in the middle of the structure. Each luxury unit will include a three or four-car garage with electric vehicle charging outlets.
According to records, a Dezer affiliate paid $6.8 million in 1996 for the 3.6-acre property, which includes a five-story hotel bearing the Wyndham name. The 180-key building’s demolition is anticipated to begin in the first quarter of 2019, with a 2026 completion date for the project as the goal.
Dezer is transforming the North Miami Beach Intracoastal Mall into the $1.5 billion mixed-use Uptown Harbour project. The expansive development, which spans over 30 acres and includes 2,000 residential units, 575,000 square feet of retail and office space, 250 hotel rooms, a port, and a central park, was given initial approval by the North Miami Beach City Commission in 2020.
Bentley Residences will be Dezer’s second opulent residence with a modern vehicle lift. The first was the Porsche Design Tower, a 2016 completion of a 60-story luxury brand high-rise in Sunny Isles Beach.
Renderings Revealed for Namdar Towers
Earlier this month, developer Namdar submitted comprehensive development plans to the city planners for its twin-tower project that will be located in downtown Miami.
A 41-story structure with 680 units and a 43-story building with 714 units would make up the proposed Namdar Towers, which would have a combined square footage of more than 1.2 million.
This project is planned in 2 phases, the 41-story tower will be part of phase 1 while the 43-story tower will be part of phase 2.
Development Information:
1,394 units
Pools
Fitness center
Bowling rooms
Golf simulators
Co-working space
7,984 sq. ft. of commercial space
336 parking spaces in a five-level garage
1,395 bicycle racks
The architect is identified as Behar Font. Permitting for construction and demolition is already in progress.
According to its website, Namdar is a family-owned development company that was established in 1979. Ephraim Namdar, who has previously been named in media sources as the company’s founder and CEO, is in charge of running the LLC that bought the Miami property.
Ian Bruce Eichner Officially Launches Sales for La Baia Bay Harbor Islands
Sales for the second tower at Ian Bruce Eichner’s beachfront condo development La BaiaBay Harbor Islands North have officially started.
The North development will have floor plans with two, three, and four bedrooms that are between 1,400 square feet and 2,100 square feet in size. The most expensive units are priced at $3.5 million.
Sales for La Baia South began in October of last year. Eichner is best known as the creator of the two-tower Continuum in South Beach. According to the press release, the 68-unit, eight-story building at 9201 East Bay Harbor Drive had condos starting at $810,000 and sold out in less than six months. La Baia South’s construction began in April, and Eichner anticipates finishing the project in 2023.
La Baia will feature 30,000 square feet of amenities, which include a rooftop amenity deck, lounge with a bar, spa, fitness center, teen’s gaming center, dog grooming center, and marina. The marina itself will feature 20 private boat slips.
La Baia was designed by architect Luis Revuelta with Boston-based Suffolk Construction as the general contractor.
Residence Features
1 to 4-bedroom options
1,100 to 2,500 square feet
Residences will be fully finished and furnished
9 to 10-foot ceilings
His and her walk-in closets
Balconies with glass railings
Underground parking spots for each owner
Custom Italian cabinetry by Snaidero
Miele appliances
Quartz stone countertops
Hansgrohe fixtures
Primary bathroom features marble flooring and rainfall showers
Tower Features
Private 20-boat marina
Scenic walkways
30,000 square feet of amenities
Rooftop amenity deck
Lounge with a bar
Spa
Fitness center
Teen’s gaming center
Pet grooming center
According to records, the developer purchased the land in 2021 for $12 million.
If you or someone you know have an interest in purchasing one of the units at La Baia Bay Harbor Islands North, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
North Bay Village Approves 7.3 Million Square Foot Development Project Featuring 1,936 Residential Units
Sunbeam Properties, the proprietor of WSVN Channel 7, has a 7.3 million square foot redevelopment plan that has officially been approved by the North Bay Village Council. The special area plan for a 12.9-acre site covering 1400, 1401, 1415, 1600, and 1601 79th Street Causeway, as well as 155 and 1624 North Bay Causeway, was approved by the Village Council on a 3-2 vote early on Wednesday.
A 300-room hotel, 1,936 residential units, 200,000 square feet of office space, 670,000 square feet of retail space, 117 units of workforce housing, and around 5,000 parking spots are all included in the development plan. Additionally, there would be 84,366 square feet of public space, including a half-mile pedestrian walkway known as the “island walk” that would be surrounded by restaurants and stores. A marina would also be a part of the project.
The project’s highest structure would be 650 feet tall. To lessen the number of shadows cast upon the smaller dwellings, the structures closer to single-family homes would be smaller. Buildings north of the project would be taller and would rise 240 feet in height south of the causeway.
The offices and studios of WSVN will eventually be relocated as part of the construction. WSVN and Sunbeam Properties are owned by the multibillionaire Ansin family.
The project’s first phase, according to Ansin, would be built south of the causeway and will have 500 to 600 apartments spread across two buildings, along with a restaurant, grocery store, and other retail space that may house an urgent care facility or a daycare. Sunbeam Properties must apply for building permits for the first phase within two years in accordance with its development agreement with the village. The first renters, according to Ansin, should move in within five years.
As the Ansin family celebrates the 60th anniversary of running WSVN in North Bay Village, CEO Andy Ansin admitted that this was an emotionally charged decision for him. He has visited that studio ever since he was a youngster.
Although Ansin said the initial concept wasn’t for redevelopment, Sunbeam Properties over time purchased surrounding lands. According to Ansin, the first purchase was made to stop a strip club from being built next door. It bought a nearby office complex so the TV station would have more parking.
Ansin discovered North Bay Village had potential after having experts from the University of Miami School of Architecture do research on future renovation. However, it necessitated moving the TV studio.
Ansin stated that he is still looking for a new studio for WSVN. He emphasized that it would require plenty of parking, hurricane-resistant construction, and backup power generation.
PlusUrbana, a firm based in Miami, is the project’s architect. Attorney Ian DeMello, who is headquartered in Miami, is the developer’s representative.
Former NY Yankees Player A-Rod Just Purchased a Star Island Home for $18.5 Million
For $18.5 million, a company run by former New York Yankees player Alex Rodriguez just purchased a mega-mansion on Miami’s infamous Star Island in Miami Beach.
Casa La Bonita, located at 14 Star Island Drive features 0.9 acres with over 100 feet of water frontage directly on Biscayne Bay. The estate was built by renowned Mexican developer, Carlos Gosselin.
The property boasts imported entrance gates that welcome guests to the gorgeous Mediterranean-style estate opening to arched hallways and courtyards. Throughout the home, it is evident the custom-made Hindu doors, a movie theater, a poolside gazebo, an elevator, high-impact windows, a pool, and a boat dock.
Rodriguez is the manager of Star Island 14 LLC, which is the name of the purchaser of the home. The former MLB All-Star Rodriguez’s addresses in Miami and Woodland Hills, California, were included in the $20 million mortgage from First Republic Bank.
The off-market transaction cost $463 per square foot. In 2020, the house last sold for $24 million.
Rodriguez has purchased on Star Island before. In 2020, Rodriguez and singer/actor Jennifer Lopez bought the home next door, 13 Star Island Drive. Rodriguez and Lopez are no longer together and it is unclear if 13 Star Island will be sold or if either will take sole possession.
In July 2022, the developers, Mast Capital received approval from the FAA for the height allowance for the towers. On September 9, the contractor Moss Construction applied for a foundation work permit.
A second permit was filed on September 12th for the other 2 towers for foundation work. The county also issued a dewatering approval that is needed for the foundation work as well. Dewatering would include the removal of groundwater as well as from surface area.
Cipriani Residences Miami will feature 3 luxury towers spanning over 2.8 acres, located at 1420 South Miami Avenue in Miami’s renowned Brickell area, which will represent the famous brand’s elegant design and exceptional service.
The largest Cipriani tower will rise 80-stories and will feature 397 one to four-bedroom units with views of Biscayne Bay, Brickell skyline, and Simpson Park. The 2 smaller towers haven’t been revealed yet but will rise 59 stories and 50 stories tall.
Mast Capital paid $103 million, marking this transaction as one of the largest in Miami-Dade in 2021.
Cipriani is currently working with Mast Capital and Arquitectonica to bring this luxury building to life. Not only will the tower feature luxury amenities, but each residence will offer custom finishes and gorgeous designs.
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, back-lit mirrors; separate room with water closet • Spacious laundry rooms with full-size washing machine and dryer, 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 dog park • High-speed internet access across all public areas • Electric vehicle charging stations available • Air-conditioned storage rooms
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.
PowerHouse Marina in North Miami Sold for $10.1 Million to Fontainebleau Development
PowerHouse Marina located in North Miami at 13255 Biscayne Blvd was purchased by Jeffrey Soffer’s Fontainebleau Development for $10.1 million.
The seller of the property is listed as David A. Marcus who originally purchased the property in 1995 for $912,500. The property originally opened in 1980 and sits on a canal alongside Biscayne Bay.
On the 1-acre site, there is a 10,000 square foot 2 story building along with 12 boat slips. The records show the property also has a boat repair yard as well as 12 boat slips that were completed in 1967.
The billionaire chairman and CEO of Fontainebleau, Soffer, and president Brett Mufson did not immediately return a call requesting information on whether the company intended to redevelop PowerHouse. According to the company’s website, Fontainebleau also owns and runs Turnberry Marina, a 68-slip facility in Aventura that can handle boats up to 160 feet in length.
The units in Tequesta, Florida’s Regency Condominium, a 53-year-old oceanfront condo structure, were all purchased by Fontainebleau last month for almost $100 million. For the purchase of a large number of condos, Motcomb Estates, an investment company owned by billionaire brothers Simon and David Reuben, granted a mortgage of $80.5 million.
According to published reports, Fontainebleau recently submitted plans to demolish the eight-story oceanfront Tequesta building with 40 units and replace it with a 10-story condominium with 34 luxurious units. The Reuben brothers have previously worked with Soffer and own a 25% stake in Fontainebleau’s JW Marriott branded hotel in Aventura.
Additionally last month, Fontainebleau used a Bank of China New York loan to refinance the JW Marriott Miami Turnberry Resort Hotel & Spa. According to statistics, the loan added $72.6 million while refinancing $339.5 million in debt.
In the three years since taking over the mortgage from Wells Fargo Bank in 2017, Bank of China has upped the amount three times.
Soffer’s second effort to purchase the Hollywood oceanfront Diplomat Beach Resort in February was unsuccessful. His business had intended to spend $850 million on Brookfield Property Partners to acquire the 1,000-room hotel. The resort is South Florida’s second-largest after Fontainebleau Miami Beach by Fontainebleau Development.
Villa Valencia Condos in Coral Gables has Officially Completed Construction and Sells Out at 95%
Four years in the process, the Villa Valencia luxury condo development by Rishi Kapoor’s Location Ventures has officially completed construction.
With $100 million in closings so far, Villa Valencia, a 13-story, 39-unit project at 501 to 525 Valencia Avenue in Coral Gables, is 95% sold out. There are only three units available, one of which is under contract, a $14.9 million penthouse, and two others with an average price of $4 million each.
According to Kapoor, founder and CEO of Location Ventures, the project’s sales averaged $1,100 per square foot, setting a record for that neighborhood.
According to Kapoor, the majority of the buyers are locals from Miami Beach, Key Biscayne, and Coral Gables. In addition, 20% were from New York, 5% from California, and 4% from Illinois, with 2% from Latin America.
The plot was purchased by the developer for $16 million in 2018, and sales of Villa Valencia began the following year.
Kapoor recognized that labor shortages and delays on the project were made worse by the pandemic, but he claimed that setting building cost locks before the pandemic helped him keep costs under control.
Residences
Private foyer with elevator entry
10-foot ceilings in living spaces
10-foot exterior sliding doors
8-foot European wood interior doors with concealed hinges
Exquisite porcelain floors
Custom finished closets
Most residences have outdoor terraces with summer kitchens
Master bedroom suite with spacious bathroom and separate vanity area
Two assigned parking spaces per residence
EV-ready parking spaces available
Amenities
Entertainment space with billiards and golf simulator
Cucina featuring kitchen and full bar for entertaining that opens to the pool deck
Library with outdoor terrace overlooking the park
Grand building entrance with lobby lounge
Covered garden and valet waiting area
Tea room with kitchen and bar for entertaining
Executive room with video conferencing
10,000 SF onsite park and garden with shade trees
Dog park and dog run
High-Speed WIFI in all Common Areas
Bike Racks
Pool Deck featuring two summer kitchens, spacious sunbed relaxation areas
78-foot resort-style pool with lap lane and waterfall
State-of-the-art fitness facility with yoga, Pilates and weight training area
Spa and wellness center with treatment room, hammam / steam room, his-and-her sauna, and hydrotherapy plunge pools
The Coral Gables City Commission approved Location Ventures’ proposals earlier this week for a second, bigger condo development at 1505 Ponce de Leon Boulevard. The site will be sold by a Florida East Coast Realty subsidiary to Location Ventures, which has plans to construct a 16-story, 87-unit condo structure.
Location Ventures Proposes a 16 Story Condo Tower in Coral Gables
Coral Gables’ continued growth is being hinted at by Rishi Kapoor’s, Location Ventures’ proposal for a 16-story condominium. According to documents submitted to Coral Gables, Location Ventures plans to construct an 87 condo tower on a 1.6-acre plot at 1505 Ponce De Leon Boulevard, as well as at 122 and 126 Menores Avenue.
According to the minutes of the June meeting of the Coral Gables Planning & Zoning Board, the developer has a contract with the seller, who is a partner of Tibor Hollo’s Florida East Coast Realty, to purchase the land.
At its meeting on Tuesday, the municipal commission is anticipated to vote on the request. In the event that the proposal is authorized, commissioners will vote on it a second time at the next meeting.
According to documents, Coral Gables-based Location Ventures intends for seven of the units to be live-work condos on the lower levels of the structure and the other 80 would be located on the upper levels. A 319-car garage, 10,500 square feet of retail space, 20,144 square feet of open space, and a public dog park would also be included in the project.
According to property records, the site is mostly empty save from a two-story, eight-unit apartment structure. According to the minutes of the planning & zoning board meeting, the historic structure, built in 1925, will be maintained and integrated into the project, maybe as retail space.
The finished 13-story, 39-unit Villa Valencia condominium at 515 Valencia Avenue is one of the company’s developments in Coral Gables. In 2018, Location Ventures had invested $16 million in the property.
The business spent $20 million buying a pair of commercial structures in Miami Beach at 1260 and 1234 Washington Avenue last year. Under Location Ventures’ Urban co-living brand, the 1260 Washington Avenue property will be refurbished, while the 1234 Washington Avenue building will be rehabilitated.
