ARTE, a new oceanfront luxury condominium developed by Alex Sapir and Giovanni Fasciano, have announced the record-breaking sale of its triplex penthouse for $33 million. The all-cash transaction is Miami Beach’s third most expensive penthouse sale in the last seven years, and represents the highest price per square foot ever recorded in the city’s exclusive Surfside neighborhood.
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Kushner Companies Gearing Up To Break Ground On First Miami Projects
Kushner Companies is gearing up to break ground on their first two Miami projects located in Wynwood and Edgewater. The Wynwood project, known as Wynwood 27, will break ground first in Q1 2021 at 127 NW 27th St. and 129 NW 26th St. Wynwood 27 will feature 152-units, 50,000 SF of office space and 34,000 SF of retail space.
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JP Morgan Chase Bank Office Building In Weston Sells For $8.9 Million
The JP Morgan Chase Bank office building in Weston, FL, has sold for $8.9 million. The 26,782-rentable-square-foot office building, anchored by JP Morgan Chase Bank, is located at 1040 Weston Road in the high-barrier-to-entry submarket that generates significant buyer interest. HRE/SEFIRA Weston Office, LLC, was the seller, and Shaked 21, LLC, was the buyer in the transaction which was overseen by Avison Young’s Florida Capital Markets Group.
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Kreps DeMaria PR Repositions Into Two Companies
Kreps DeMaria Public Relations & Marketing is reengineering itself into two different companies. Kreps DeMaria is consistently ranked among the top three PR firms in South Florida for the last thirty years. The firm currently represent some of Miami’s best hotels, banks, law firms and real estate developments. The two new companies will be Cultivate PR, a Sissy DeMaria + Campbell + Acker Agency, and Israel Kreps PR led by Israel Kreps.
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Mondrian South Beach Celebrates Reopening Revealing $20 Million Renovation And Baia Beach Club
The Mondrian South Beach has reopened, revealing its $20 million renovation and Baia Beach Club. The 220-room hotel, which is located at 1100 West Ave. in Miami Beach, recently completed a complete renovation including lobby, pool area, gym, spa, restaurant, event space, common areas and guest rooms. The renovation was designed by Peter Oleck and Danny Cubes of OS Design Group.
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Stephen Marley Son of Reggae Legend Bob Marley Buys Miami Estate
Eight-time Grammy award winning musician Stephen Marley just bought a Miami manor for $3.4 million that spans 5.6-acres. The sale included 2 properties featuring a main house along with 2 guest houses. Across the three houses totals 7-bedrooms and 8.5-bathrooms. The manor features a media room, pool, summer kitchen, tennis court, volleyball, basketball half court, arena, gym and 4-car garage.
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Miami Worldcenter Gears Up To Break Ground On Two-Story Mixed-Use Building
Miami Worldcenter Associates are gearing up to break ground on a two story mixed-use building around a pedestrian promenade in Miami Worldcenter after city records show that the developers filed for a construction permit on December 1st. Miami Worldcenter plans to have one level of retail on the ground floor and one level of office space on the second floor, totaling 41,164 sq.ft. between the two stories.
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Apogee South Beach Reimagined Unit Hits The Market For $10.9M
A reimagined unit at Apogee South Beach recently hit the market listed for $10.9 million. Apogee is one of Miami Beach’s most prized condominiums located at 800 S Pointe Drive. The reimagined unit features 3-bedrooms, 3.5-bathrooms and is a spacious 4,154 sq.ft. The unit is designed by Mendez Bela with a modern flair that enhances the views of South Beach, Fisher Island and the Downtown Miami skyline.
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Ken Griffin Buys 10 Star Island For $25 Million, Bringing Star Island Assemblage To $95 Million
The multi-billionaire hedge fund magnate Ken Griffin, who founded the Chicago-based Citadel Securities, has expanded his Star Island assemblage with the acquisition of 10 Star Island for $25 million. In August 2020 an entity tied to Ken Griffin acquired the adjacent double lot with Miami Vice views of Downtown Miami at 11 and 12 Star Island Drive in an off-market deal for roughly $37 million.
Read MoreARTE by Antonio Citterio Breaks Record With $33 Million Triplex Penthouse Cash Sale In Surfside
ARTE, a new oceanfront luxury condominium developed by Alex Sapir and Giovanni Fasciano, have announced the record-breaking sale of its triplex penthouse for $33 million. The all-cash transaction is Miami Beach’s third most expensive penthouse sale in the last seven years, and represents the highest price per square foot ever recorded in the city’s exclusive Surfside neighborhood.
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