Related Group and GTIS Partners have secured a $328 million construction loan to finance the development of Baccarat Residences Miami, an ultra-luxury condominium tower located at the gateway of Brickell Avenue. Bank OZK provided the floating-rate loan.
Read MoreCasa Bella Residences by B&B Italia Locks Down $240 Million In Financing Following Groundbreaking
Related Group and partner Alta Developers have closed on $240 million in financing for the highly-anticipated residential tower, Casa Bella Residences by B&B Italia (Casa Bella), which broke ground earlier this month in Downtown Miami’s burgeoning Arts and Cultural District. The loan was provided by Cain International (Cain) — a privately held investment firm with over $16 billion in assets under management.
Read MoreRelated Group and Tricap Break Ground On Hospitality-Infused Wynwood Condo 'NoMad Residences Wynwood'
Related Group, together with Manhattan-based developer Tricap, has broken ground on NoMad Residences Wynwood, the first residential concept from the global hospitality icon, NoMad Hotels, and its parent company, Sydell Group. Located just steps from Miami’s world-famous Wynwood Walls, the nine-story condominium tower boasts an eclectic, modern design crafted by the world’s preeminent design talents with architecture by Arquitectonica and interiors by the renowned DesignAgency.
Read MoreRelated Group Unveils Andare Residences By Pininfarina On Fort Lauderdale's Las Olas Boulevard
Related Group (Related), in partnership with legendary Italian design house Pininfarina, is set to launch sales for Andare Residences by Pininfarina (Andare), a recently unveiled boutique condominium development in the heart of Fort Lauderdale's Las Olas Boulevard. Featuring a collection of 163 bespoke residences, the 45-story tower is the first luxury condominium development set to rise above Las Olas Boulevard in nearly 20 years.
Read MoreSt. Regis Residences Miami Reveals New Renderings and Ultra-Luxury Sales Gallery
The St. Regis Residences Miami (The Residences) has revealed new renderings and images of its newly unveiled ultra-luxury sales gallery. Located within the prestigious South Brickell neighborhood, The Residences is set to rise 50-stories on South Brickell’s waterfront, offering a bespoke experience synonymous with the St. Regis brand.
Read MoreRelated Group and LNDMRK Acquire Three-Parcel Site In Edgewater For $12 Million
The Miami-based Related Group, along with partner Alex Karakhanian at LNDMRK, have acquired 18,000 sq. ft. land parcel encompassing three adjoining sites in Miami’s Edgewater neighborhood. Located at 519, 525, and 535 NE 29th Street, the land overlooks Biscayne Bay and provides easy access to MacArthur Bridge, connecting Edgewater to Miami Beach, and to I-195, leading north to Fort Lauderdale and Palm Beach. Related and LNDMRK paid $12 million for the largely undeveloped site.
Read MoreRelated Group's Casa Bella Residences by B&B Italia Sets Record Price Per Square Foot With $12.6 Million Penthouse Contract
Miami-based real estate developer Related Group and partner Alta Developers have signed a contract for a 54th-floor, 5,893-square-foot triplex penthouse at Casa Bella Residences by B&B Italia for $12.6 million, or $2,138 per square foot, signifying what will be the most expensive condominium sale on a price-per-square-foot basis in Downtown Miami’s highly desirable Arts and Cultural District. Casa Bella Residences by B&B Italia has achieved nearly $50 million in signed contracts over the past 60 days.
Read MoreRelated Group's Nick Pérez on Wynwood’s Transformation And The Future of Development in This Burgeoning Neighborhood
The Wynwood Arts District, famously known for its striking graffiti walls and vibrant arts and entertainment scenes, is now one of Miami’s most desirable places to live, work and play, with some of the biggest names in tech, dining, fashion and hospitality setting up shop in the neighborhood. PROFILEmiami had the opportunity to speak with Related Group’s Senior Vice President, Nick Pérez, to learn more about this exciting new development and what the future holds for the area.
Read MoreCasa Bella by B&B Italia Debuts Penthouse Collection In Downtown Miami
Casa Bella Residences by B&B Italia, which aims to bring the best of Italian design and lifestyle to Downtown Miami, has unveiled plans for the tower's dramatic penthouse collection that includes a pair of 54th-floor triplex residences with expansive rooftop terraces and Biscayne Bay views. Developed by Related Group in partnership with Alta Developers, the 56-story condominium tower offers 317 luxury residences.
Read MoreNew York-Based Hospitality Concepts Add a New Level of Sophistication to Wynwood’s Culinary Scene
Designed in collaboration with globally-renowned partners DesignAgency and Arquitectonica, the nine-story building offers 329 turnkey homes. Layouts range from studios to two bedrooms, each featuring floor-to-ceiling windows and private balconies. All units will come fully furnished, with packages thoughtfully curated by DesignAgency.
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