Development News
View this profile on InstagramPROFILEmiami Real Estate (@profilemiami) • Instagram photos and videos
Development News
Access Real Estate and Witkoff have opened The Belgrove Resort & Spa, Autograph Collection in West Palm Beach as part of Marriott International. Opening on December 18, The Belgrove Resort & Spa is located along Lake Mangonia just 10 minutes from the heart of Palm Beach.
Miami-based developers Rilea Group and Ciprés have negotiated the $1.19 million sale of a 702-square-foot retail space on the ground floor level of the joint venture’s newest development, The Rider Residences, a 12-story, 146-unit luxury condominium set to rise at 94 NE 29th Street at the crossroads of Miami’s Midtown and Wynwood neighborhoods.
Ennismore, the fast-growing lifestyle and leisure hospitality company, and Cain International (‘Cain’), have revealed the first look of Delano Miami Beach to mark the countdown to its reopening in late 2025 after a complete renovation. This first look at the revisited Delano Miami Beach comes as the partnership recently celebrated the opening of Delano Dubai.
ELLE Residences Miami, the highly anticipated residential tower from the renowned fashion and lifestyle media brand ELLE, has just released stunning renderings of its luxurious amenities. Reflecting the bold and cutting-edge design found in the pages of ELLE DECOR, the amenity spaces promise to offer residents a lifestyle filled with elegance and sophistication.
Top luxury real estate agent David Rocca just sold the stunning Sky Penthouse at the Aston Martin Residences. The record-breaking sale represents the most expensive condo sale ever in downtown Miami history with a last asking price $23,000,000.
One Thousand Group, the visionary development team behind some of Miami’s most iconic projects including One Thousand Museum, has announced the successful acquisition and financing of a prime 1.6-acre site in East Edgewater for its newest venture, Tower 36.
Terra, led by David Martin; One Thousand Group, led by Kevin Venger, Louis Birdman and Michael Konig; and Major Food Group Co-Founders Jeff Zalaznick, Mario Carbone, Rich Torrisi along with Miami partner Alex Pirez, celebrated the official groundbreaking of Villa Miami, a visionary luxury tower marking the first condominium branded by the renowned hospitality brand.
Eighteen Sunset, a highly anticipated mixed-use boutique development in Miami Beach’s Sunset Harbour neighborhood, has achieved full occupancy for its premium office spaces. The 17,708 square feet of Class A+ office space has been fully leased, highlighting the surging demand for luxury work environments in Miami Beach.
Fisher Brothers, a New York-based fourth-generation real estate company that owns, manages and operates unique spaces across the country, has rebranded their Wynwood luxury rental Wynhouse Miami to Joule House as the building prepares to welcome residencents in Spring 2025.
The Armani Group has teamed up with several leading South Florida developers to create a landmark residential development in the heart of Pompano Beach. Armani/Casa Residences Pompano Beach will offer a limited collection of 28 residences, each a breathtaking masterpiece. This exclusive two-tower enclave seamlessly blends luxurious living with the serenity of its pristine oceanfront location.
Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has revealed a transformative new mixed-use development in the heart of Coconut Grove. The iconic Oppenheim Architecture-designed plans invite the community in and complement the natural environment of the Grove and enhance walkability.
Miami Beach-In 2020, David Martin and Russell Galbut sat down to conceptualize a challenging yet coveted project—a parcel of land at Miami Beach’s entrance, primed for development. Driven by Terra’s commitment to resiliency and conscious design, the two developers envisioned Miami Beach’s tallest tower, featuring luxury residences, top-tier amenities and a public park.
Leading real estate companies Related Group and Integra Investments have broken ground on The St. Regis Residences, Miami (The Residences), the highly anticipated residential tower rising on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood.
Related Group (Related), Rockpoint, and Two Roads Development have closed on $424 million in financing for the construction of Rivage Residences Bal Harbour (Rivage). The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate investment management platform led by Adi Chugh.
Witkoff Group and PPG Development have closed on $273 million in construction financing for Shell Bay, a private 150-acre, Mediterranean inspired Miami enclave featuring forthcoming Auberge-branded residences and a hotel, as well as the region’s first private golf club in decades.
Merrimac Ventures, a renowned South Florida real estate investment and development firm, has announced the launch of sales for Bungalow East, an exclusive luxury condominium set to rise in Fort Lauderdale Beach. The 14-story boutique development will house just 34 residences, each designed with refined elegance and offering extensive amenities in one of the area’s most walkable and desirable beachside communities.
Clearline Real Estate has secured $94.5 million in construction loans to advance the development of Excel Miami, a 24-story multifamily tower situated at 1550 NE Miami Place in the Arts & Entertainment District.
Related Ross has commenced vertical construction at South Flagler House, marking a key milestone for the firm’s first luxury condominium in the state of Florida. Located at 1355 South Flagler Drive in West Palm Beach, South Flagler House features 108 two- to five-bedroom homes, including penthouses and guest suites, across two 28-story towers.
The highly anticipated Nora District in West Palm Beach marked a significant milestone with the groundbreaking of The Nora Hotel, a new 201-key boutique hotel developed by BD Hotels, in collaboration with Sean MacPherson, NDT Development, Place Projects, and Wheelock Street Capital.
Altman, a prominent developer in multifamily and industrial real estate, has opened its latest project Altis Grand Kendall, 342 upscale apartment homes to Miami's Kendall neighborhood. This addition brings a sophisticated living environment tailored to modern renters, combining sleek interiors with a robust range of high-end amenities.
As Miami’s real estate landscape continues to evolve, a need for ownership flexibility is driving a new wave of luxury residence developments. Miami has become a premier destination for travelers and part-time residents due to its favorable climate, vibrant cultural scene, continued economic growth opportunities, and international accessibility.
On November 6, PROFILEmiami, South Florida's leading real estate media powerhouse, will host an exclusive deep dive into the lavish world of ‘Spec Homes & Ultra-Luxury Real Estate’ at the vibrant and sophisticated Lafayette Steakhouse in Brickell.
Sawyer’s Walk, the largest mixed-use development in the historic community of Overtown, recently opened its retail section, marked by the launch of a 50,000-square-foot Target store. Over the next several months, additional major retailers are set to open, including Burlington, Five Below, Aldi supermarket, and Ross Dress for Less.
In the heart of Surfside, one of Miami's most coveted coastal communities, Surf Row Residences is introducing a new standard of upscale living. Developed by LD&D, a Miami-based real estate investment, development, and design firm, in collaboration with ONE Capital and IGEQ, this exclusive collection of 25 custom condominiums blends luxury and tranquility just a block from the beach.
South Florida-based developers Related Group (Related), Tate Capital and Rok Acquisitions, in collaboration with hospitality leader Marriott International, have revealed plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale.
WellDuo, Vertical Developments and GCF Development have joined forces with iconic Italian yacht maker, Riva, to unveil Riva Residenze Fort Lauderdale, the first-ever yacht-branded residence. The 20-story development, located at located at 3019 Harbor Drive Fort Lauderdale, features 36 private residences, encompassing two parcels boasting 200 linear feet of waterfront and a private marina with boat slips.
The Four Seasons Private Residences Coconut Grove is set to offer residents an unparalleled wellness experience revealing its over-the-top, state-of-the-art in-house spa. Spanning 10,000 square feet, the spa will feature a variety of amenities, including an ice fountain, cold plunge, hydromassage pool, and a full sauna circuit.
Miami-based developer Mast Capital has completed the largest mat foundation concrete pour in Brickell this year for Cipriani Residences Miami, the brand’s first-ever ground-up residential offering in North America. Flowing continuously for approximately 16 hours, the uninterrupted pour reached 11,500 cubic yards of foundational concrete with 2,500 tons of reinforcing steel.
Michael Liebowitz has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman Inc., following the retirement of Howard M. Lorber. The announcement was made by the real estate brokerage firm, which praised Lorber for his strategic vision and years of dedication in making Douglas Elliman the premier real estate firm in the country.
National developer PMG has revealed the newly designed Sage Intracoastal Residences Fort Lauderdale, a boutique condominium property nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway.