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 lucas@miamicondoinvestments.com 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.
Miami Worldcenter Welcomes New Lucid Motors Location
Lucid Motors, a producer of high-end electric vehicles, has unveiled the opening of its newest plant at Miami Worldcenter, a revolutionary $6 billion, 27-acre mixed-use development in Downtown Miami.
Lucid Motors has joined the list of freshly launched restaurants and bars, well-known national retailers, and the citizenM Miami Worldcenter hotel as concepts. Earls Kitchen & Bar, Maple & Ash, Sports & Social, Bowlero, and the renowned Museum of Ice Cream are just a few of the exciting new attractions that will soon be opening. Miami Worldcenter, one of the biggest privately owned and constructed urban real estate projects in Florida, provides a vibrant mix of residential, business, and hospitality facilities as well as a staggering selection of shopping, dining, and entertainment options.
The almost 23,000 square foot space includes a Lucid Studio where clients may test-drive the company’s upscale electric cars, including the lauded Lucid Air sedan. The building also functions as a service and delivery center for Lucid Air, open Monday through Friday from 11:00 a.m. to 7:00 p.m. and on weekends with modified hours.
The project is overseen by Managing Partners Art Falcone and Nitin Motwani and is managed by Miami Worldcenter Associates in collaboration with CIM Group. Nitin Motwani expressed delight about the inclusion of Lucid Motors, highlighting the brand’s cutting-edge premium appeal and its commitment to the goal of Miami Worldcenter as a lively live, work, and play destination in the center of the city.
In addition to its amenities, Miami Worldcenter has World Square, a lively 20,000 square foot public plaza and park intended to serve as a hub for gatherings. With alternatives for dining, entertainment, and shopping, the plaza provides open space, shaded places, and sidewalks that are favorable to pedestrians.
The $5 million public art project at Miami Worldcenter, organized by the Miami-based curatorial collective PRIMARY and renowned art dealer Jeffrey Deitch, turns the building into a permanent outdoor gallery. Large-scale murals, paintings, and sculptures, as well as other contemporary and modern works by internationally renowned artists, are on display as part of the effort.
Witkoff Proposed 3 Tower Development at Former Miami Arena Site
Three tower development has just been proposed to the Miami Urban Development Review Board at the site of the former Miami Arena.
In May 2023, developer Witkoff signed the utilities deal for the site located at 700 N. Miami Avenue at Miami Worldcenter.
The original design for the tower showed the tallest out of the three buildings to reach 57 stories tall. This revised proposal states that the three towers will rise 577 feet, 589 feet, and 615 feet with the tallest of the towers to reach 54 stories. The ground floor supermarket was in the original plans for the development but according to the proposal, it is no longer included.
The 700 N. Miami site proposal also includes 30,535 square feet of commercial space, 2,078 parking spaces on levels 2 through 9, and 2,346 residential units. Amenities for the development will include an amenity deck, indoor lounges, rooftop amenities for each tower, and pools for each tower.
Kobi Karp is listed as the architect for the project. The Urban Development Review Board is scheduled for June 21, 2023.
New Tower Proposed in Miami-Clear Residences
Clear Residences, a 52-story tower proposal is now being examined by the Miami Planning and Development Department. Located at 130 SE 1st Street, the site itself sits on 0.55 acres or 23,750 square feet, with the current site now being used as parking.
The proposal with a letter of intent was submitted to the review board in December 2022 with Clear Residences featuring 545 residential units, 4,190 square feet of ground floor retail, and 199 parking spaces.
The tower would rise 694 feet tall with Kobi Karp listed as the architect.
The developer is listed as Clear Communities Miami North Limited Partnership, and Bercow Radell Fernandez Larkin & Tapanes is their legal counsel during the approval procedure.
Joseph R. Colletti is listed as the officer for Clear Communities Miami North Limited. Clear Communities originally purchased the site in 2019 for $18 million while obtaining a mortgage for $10 million through the Pacific National Bank in Miami. The price equaled $756 per square foot.
According to the site’s T6-80-O zoning, an 80-story tower could be built there, requiring Federal Aviation Administration height approval.
700 N. Miami Avenue Site at Miami Worldcenter Construction Update
New York-based developer, the Witkoff Group, is steadily working to change the Miami Arena’s former location. The thriving Miami Worldcenter’s premium real estate is getting ready to welcome three towers rising 57 stories tall.
Recently, Witkoff signed the utilities deal for the site at 700 N. Miami Avenue at Miami Worldcenter. The expected total for the connection fees for utilities and the Biscayne Basin Sanitary Sewer Special Connection fee is $2,085,466.50 and $1,265,004. Alex Witkoff signed the contract on behalf of the construction company, WG 700 North Miami LLC.
The signing of the utility deal and obtaining FAA height approvals for the towers are significant steps in the development process, even though Miami’s Building Department has yet to get construction licenses for the project.
On this large-scale undertaking, Monroe Capital, based in Chicago, is working with Witkoff Group. The location, which is within the confines of Northwest 8th Street, Northwest 1st Avenue, and North Miami Avenue, was previously slated to become the Marriott Marquis Miami Worldcenter Hotel & Expo Center, but is now in line for a dramatic overhaul. This includes the development of three imposing structures that could rise as high as 685 feet. Nichols Architects created the design.
The proposal promises a diverse mix of apartment buildings, shops, and dining establishments. With the utility agreement signed the 700 North Miami Avenue project is preparing for its vertical construction phase, marking an important step in the redevelopment of the former Miami Arena site.
This mixed-use project will undoubtedly become a landmark addition to Miami’s skyline due to its massive scale, prominent location, and reputation of its development and design team. It will also undoubtedly play a significant role in future developments at Miami Worldcenter.
Lofty Developers Announce Partnership YUPIX Technology for Meta-Reality Tours
Developer for Lofty Brickell, Newgard announced their collaboration with the immersive technology company YUPIX to provide meta-reality tours of the new construction tower.
YUPIX assists in smarter real estate marketing and sales. It is driven by cutting-edge software technology, including Artificial Intelligence, which creates experiences that are incredibly lifelike. Insightful recommendations that evolve over time based on user feedback are seamlessly combined with the social power of an unrivaled Meta-RealityTM experience.
Participants can actually feel as though they are strolling through the penthouses and opulent amenity spaces of LOFTY and soaking in the breathtaking views of the building from various vantage points thanks to the innovative technology.
According to the CEO of Newgard Development Group Harvey Hernandez, “We always strive to push boundaries and redefine what is possible through our developments. Partnering with YUPIX accomplishes that and showcases LOFTY in a new and innovative way. The LOFTY team cannot wait to welcome our buyers to the LOFTY metaverse.”
The 362-unit LOFTY, designed by Arquitectonica, has 40,000 square feet of thoughtfully chosen amenities, including a private marina, a members-only social club, resort pool deck, and fitness center, indoor/outdoor cigar lounge, co-working lounge, and meeting rooms, along with 309 tower residences, including studio, one-, and two-bedroom units.
The 53-unit Penthouse Collection at LOFTY features roomy two-, three-, and three-bedroom plus den apartments that have been carefully selected and will be outfitted by renowned design firm Artefacto. Penthouses range from $1.95 million to $3.5+ million.
A 5-star alternative for the owner and traveler who might choose to stay and own differently but does not want to give up the services and amenities of a hotel, LOFTY is the next evolution of condo ownership, located just across from Brickell City Centre. Each home will be delivered finished and furnished, and short-term rentals are allowed under professional supervision.
The skyscraper will have the first-ever collection of NFT artwork created just for condo owners, incorporating digital art into the design of the new residential structure and giving ownership of a unique NFT to each unit owner upon closing.
The 44 levels of upscale interiors at LOFTY were designed by INC, the multi-disciplinary INC Studio. The landscape designer is Urban Robot Associates.
The 44-story luxury condominium located at 99 SW Seventh St, Miami is now under construction on the Miami River. The new partnership with YUPIX is expected to boost interest in LOFTY even further.
If you or someone you know have an interest in purchasing at LOFTY, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
Cigar Bar El Vecino Set to Open May 5th at Miami Worldcenter
A distinguished cigar bar with expertly chosen wine and beverage menus, award-winning service, and a relentless passion for bringing people together at the table will open at Miami Worldcenter May 5th, 2023, El Vecino.
Courtesy of Ariete Hospitality Group (AHG) and Chef Michael Beltran, El Vecino wants to be among the best cigar shops in Miami and a top cigar destination nationwide.
Modern air filtration and humidification technologies were used to build the exquisitely constructed area, which provides a luxurious environment with soft furnishings and amenities. This ensures that visitors are comfortable. The interior of El Vecino is 1,600 square feet and features historical furnishings, premium wood, booths, velvet and leather furniture, a 10-seat bar, and a specially made walk-in humidor for cigars.
The ScapeGoat in Miami Beach, The Gibson Room on Coral Way, and most recently Brasserie Laurel (Michelin Guide mention) and Chug’s Express at Miami Worldcenter in Downtown are just a few of AHG’s expanding family of eateries and bars. Ariete (Michelin Star), Navé (Michelin Guide mention), Chug’s (Bib Gourmand recipient), and The Taurus are all located in Coconut Grove.
A large variety of quality cigars, as well as a variety of whiskey, bourbon, wine, beer, and seasonal creative cocktails, will be available at the upmarket cigar lounge. Customers will also be able to place orders for snacks and light cuisine from the nearby Brasserie Laurel restaurant.
El Vecino is situated along the 7th Street pedestrian promenade of Miami Worldcenter at 698 NE 1st Avenue Suite G-172, near the base of the Caoba residential tower. In the core of Downtown Miami, the $4 billion mixed-use attraction called Miami Worldcenter, which spans ten city blocks and 27 acres and is one of the largest private urban real estate developments now under construction in the United States, offers top-notch residential, commercial, hospitality, and retail applications. Three residential buildings and a sizable amount of the retail component of the project have already been finished and are occupied, while a hotel construction is scheduled to open in Q4 of 2022.
The Standard Residences Midtown Breaks Ground
The Standard Residences Midtown Miami has officially broken ground. Standard Residences is being built by real estate and hospitality pioneers Standard International, Rosso Development, and Midtown Development.
Along with Miami District 2 Commissioner Sabina Covo, Jay Phillip Parker, CEO of Douglas Elliman Florida, President of Douglas Elliman Development Marketing Florida, Raymond Fort of Arquitectonica, Giancarlo Pietri of Urban Robot Associates, William J. Real of Civic Construction, and the South Florida broker community, Standard International’s Amar Lalvani and Rosso Development’s Carlos Rosso celebrated the groundbreaking.
The 12-story building is a collaboration between the highly regarded architecture firm Arquitectonica, renowned interior designers Urban Robot Associates, The Standard’s in-house design team, landscape architect Naturalficial, and Civic Construction acting as general contractor.
The project’s ground breaking speaker was Lalvani, Executive Chairman of Standard International, who emphasized the company’s longstanding ties to Miami and praised their collaboration with Carlos Rosso. The project’s lively environment and the need for such a lifestyle-driven building in a good location were stressed by Rosso, the founder of Rosso Development.
Standard is located at 3100 Northeast 1st Avenue in Midtown, tucked between the Design District and Wynwood. The development offers 34,000 square feet of carefully chosen amenity space and 228 residential units.
Upon completion, residents will have the chance to enjoy the distinctive style, amenities, and service of the renowned hotel brand. The building will be the first to provide flexible living, allowing owners to lease their units for periods as little as one month.
Between 432 square feet and 965 square feet in size, the units, which range from studios to two-bedroom homes, strike a balance between design and usability.
A 60-foot resort-style sunset pool on the rooftop, a renowned restaurant and bar, and wellness amenities like a cutting-edge fitness facility, an infrared sauna, yoga, and stretch studios are just a few of the amenities available. A karaoke bar, a screening room, co-working areas, Zoom rooms, and a private boardroom can be found on the social floor.
A small number of homes, starting at $499,900, are still available at The Standard Residences, which is anticipated to be finished by the end of 2024.
If you or someone you know have an interest in purchasing at the Standard Residences Miami, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
