FAENA Residences Miami is set to launch sales later this month starting at $1.3 million and has revealed new renderings highlighting the ultra-luxury plans for the groundbreaking residential project aimed at redefining riverfront living in the city. FAENA Residences Miami not only marks a significant milestone for the Faena brand but also catalyzes the transformation of the Miami Riverfront.
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Faena Reveals New Riverfront Cultural District In Miami With Landmark Residential Project
Faena, the globally acclaimed lifestyle brand, is expanding its unique vision from Miami Beach to the heart of Miami through a multi-phase cultural district, set within the only 14-acre private park along the Miami River.
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Shahab Karmely and Edgardo Defortuna To Co-Develop One River Point On The Miami River
Following their mutual success with 2000 Ocean, where Fortune International Group handled the sales and marketing, and Brickell City Center’s Reach & Rise residential sell out, New York developer, Shahab Karmely of KAR Properties and Miami Developer Edgardo Defortuna of Fortune International Group, have announced that they will co-develop One River Point in partnership with each-other.
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KAR Properties and Fortune International Group Buy Out Remaining Reach and Rise Residences at Brickell City Centre
KAR Properties and Fortune International Group have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, officially marking the sell out of the residential development. KAR Properties and Fortune International Group will be focusing on selling the recently purchased units with Fortune Development Sales leading these efforts.
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Clockwise from the top-left corner: James Tate, Demetri Demascus, Shahab Karmely and W. Allen Morris.
Why Rent Strikes Are Bad for Everyone and What’s Going to be Done about Unemployment?
Since thousands of businesses were deemed non-essential and forced to shut their doors, reemployment assistance claims over the last six weeks have surpassed two million in South Florida. With a tourism-dependent economy plus an older population, Florida is more vulnerable to economic shock, which is why it is one of the top five states with the highest number of claims.
Read MoreRewind: W. Allen Morris, Shahab Karmely And Jimmy Tate On Emerging From the COVID-19 Crisis
On April 30, 2020 PROFILEmiami hosted an interactive webinar discussion focusing on emerging from the COVID-19 pandemic and the resulting economic fallout’s impact on the South Florida real estate market. The panel featured South Florida real estate titans W. Allen Morris, Shahab Karmely and Jimmy Tate.
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The Ultra-Luxury One River Point To Go Vertical in Early 2019 On The Miami River
One River Point's quest to bring ultra-luxury living to the Miami riverfront will kick into the next stages of construction as the tower is expected to go vertical in early 2019. The twin tower, 800' tall development by KAR Properties’ groundwork with excavation, piles, seawall and foundation are currently underway.
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