New York-based restaurant Philippe by Philippe Chow has signed a 15 year lease to occupy the coveted restaurant space at One Ocean South Beach which was acquired by Robert Rivani’s Black Lion Investment Group in November 2022. With plans to open the flagship outpost in Q2 2024, Abraham Merchant and Richard Cohn are bringing the brand's legacy of sophisticated Beijing-inspired dining to One Ocean in the heart of the South of Fifth neighborhood.
Read MoreTour The Record-Breaking Sale at South-Of-Fifth's One Ocean
Miami Beach luxury real estate is hot with yet another record breaking sale, this time at One Ocean. Unit #403 located at 1 Collins Ave. just closed for $3,975,000, coming to $1,390 SF. The sale was over 20% higher than the most previously closed sale in the building since its 2016 delivery. Unit #403 features 3 bedrooms, 3 full-bathrooms and 1 half-bath spread over 2,860 SF. The residence features a contemporary design, a private elevator and foyer, European white oak flooring, Lutron lighting and views of both South-of-Fifth and The Atlantic Ocean. Unit #403 was listed by Sladja Stantic and Dina Goldentayer of The DS Team at Douglas Elliman.