On Wednesday February 7, 2024 PROFILEmiami hosted its inaugural, sold-out South Florida Capital Markets Summit at the E11EVEN Residences Beyond sales gallery in Downtown Miami’s fast growing District 11 and Miami Worldcenter. The exclusive panel featured industry leading developers Dan Kodsi of Royal Palm Companies, Juan Pedro San Martin of Merrimac Ventures and financiers Raul Llanes of City National Bank, Michael May of Silverstein Capital and Justin Oates of Cain International; moderated by Matt Einheber of TitleEQ.
Read MoreThe Ritz-Carlton Residences, Estero Bay Hits $240 Million In Sales
The Ritz-Carlton Residences, Estero Bay sales velocity has continued to propel through the month of April, achieving $240 million in sales to date, as it sails toward the next benchmark of beginning construction this summer. The property, led by visionary London Bay Development Group, will feature 224 distinguished residences within two elegant 22-story towers on nearly a mile of waterfront. With purchases now under contract, this surge of activity is the result of interest from buyers drawn to the rare opportunity to live among nature, on the shore of the thriving Estero Bay aquatic preserve.
Read MoreFortune International Group and Oak Capital Break Ground On The Ritz-Carlton Residences, Pompano Beach
Developers Fortune International Group and Oak Capital have broken ground on The Ritz-Carlton Residences, Pompano Beach. Designed by Revuelta Architecture International with interior and landscape design by world-renowned designer Piero Lissoni, the property will set a new standard for full-service, resort-style living in the tri-county area, offering a collection of 205 impeccably designed residences
Read MoreLargest Penthouse In The United States Sold At Waldorf Astoria Residences Miami
The crown-jewel penthouse at Waldorf Astoria Residences Miami, which will become the largest penthouse in the United States high-atop Miami’s first supertall tower, has sold for an undisclosed price. The five-story, 33,000+ square foot “Mansion in the Sky” will be the tallest residential unit south of Manhattan.
Read MoreTri-Level Penthouse at Una Residences Sets Brickell Record With $17.75 Million Sale As Vertical Construction Passes Fifth Level
An upper tri-level penthouse atop OKO Group and Cain International’s Una Residences in Miami has sold for $17.75 million, a record sales price for the City’s Brickell submarket. The 7,084-square-foot residence, sold at $2,506 per square foot, also stands as the highest price per square foot deal in the City of Miami. Una's upper penthouse residence was purchased by a domestic buyer seeking a secondary home in Miami.
Read MoreThe Ritz-Carlton Residences, Pompano Beach To Break Ground This Fall After Passing 75% Sold
The developers of The Ritz-Carlton Residences, Pompano Beach, Fortune International Group and Oak Capital, have announced the dual-tower property set to revolutionize legendary living in Pompano Beach has reached over 75% sold and plans to break ground Fall 2022. The Ritz-Carlton Residences, Pompano Beach will set a new standard for full-service, resort-style living in the tri-county area.
Read MoreAKAI Estates Sells Record Breaking Home For $15 Million In Southwest Ranches
The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates.
Read MoreOver $5 Million In Crypto Sales At Diesel Wynwood After Partnering With FTX US As Project Reaches 40% Sold
Despite fluctuations, cryptocurrency is leaving its mark on the real estate industry. Diesel Wynwood Condominium has seen an influx of interest from crypto buyers since partnering with FTX US in May. To date, the team has done more than $5 million in crypto transactions. Diesel Wynwood partnered with FTX to serve as a provider for handling digital currency conversions for the project's residential sales deposits and transactions.
Read MorePalm Beach Gardens Single Family Home Development 'La Terre at Avenir' Now 50% Sold-Out
La Terre at Avenir, a gated community of 92 luxury, single-family homes in Palm Beach Gardens, is now 50% sold-out. La Terre at Avenir is being developed by K. Hovnanian Homes at 12300 Waterstone Circle, Palm Beach Gardens, FL. La Terre at Avenir offers single-story and two-story new construction homes with spacious floor plans and elegant interiors.
Read MoreNewgard Development Group Locks Down $170 Million Construction Loan For LOFTY Brickell Home-Sharing Tower
Newgard Development Group has locked down a $170 million loan from 3650 REIT for its newest residential property, LOFTY Brickell. The closing follows an impressive sales launch, with 80% of the tower’s inventory under contract and groundbreaking set to commence Q4. This is the second loan from 3650 REIT for LOFTY - the first being last fall tied to the land acquisition.
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