Douglas Elliman has just released their Q1 2020 Market Reports in South Florida. It reveals noticeably stronger results for listing inventory growth in the first two and a half months of the quarter until market awareness of COVID-19 occurred in mid-March, which slowed growth across South Florida in areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland.
Read MoreRewind: Michael T. Fay Tom Wood and Jacques Bessoudo Discuss COVID-19 Impact On Commercial Real Estate in South Florida Webinar
On April 3, 2020, PROFILEmiami hosted a webinar conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. If you missed us live, or just want to revisit some of the insight our panelists had to offer, we have now posted the full webinar for you to sit back and rewind!
Read MoreDavid Beckham purchases $20 million condo at One Thousand Museum in Downtown Miami
Former soccer player David Beckham and his wife Victoria Beckham have just recently purchased a new condo at the Zaha Hadid-designed One Thousand Museum, a 62-story building complete with its own private rooftop helipad. This will be their new home in Miami.
One Thousand Museum is located at 1000 Biscayne Boulevard in Downtown Miami and officially opened in August 2019. David Beckham’s publishing and licensing company, Beckham Brand Limited, closed on the 11,046 square-foot, full-floor penthouse - one of the ten in the building - this Tuesday for $20 million, or $1,810 per square foot, a price that is much higher than the $1,392 per square foot that another penthouse in the building recently closed.
Robert Hite, a real estate agent at ONE Sotheby’s International Realty, brokered the deal.
“Iconic design, sophisticated lifestyle, privacy, and security are among the key factors driving our clients to make One Thousand Museum their Miami base,” said the development team of One Thousand Museum. “We know Mr. Beckham and his team will be very happy here.”
The Beckhams and their four children will have access to the luxe lifestyle and exclusive amenities offered by One Thousand Museum, including an indoor lap pool, a Spa with relaxation pods and private treatment rooms, a private Beach Club, a house car service, a 1KM wellness center, and a Sky Lounge with curated seasonal menus.
“With the launch of Inter Miami CF, David and his team are spending significant amounts of time in Miami. One Thousand Museum is a very special building and we are excited to join the community there,” said a spokesperson for David Beckham.
By Isabella Zimmermann
Join Us For a Webinar: COVID-19 Impact On Commercial Real Estate in South Florida
PROFILEmiami presents a conversation around the impact that COVID-19 has, and will have, on the commercial real estate industry in South Florida. Hear first hand from some of Florida's leading real estate professionals about how they are reacting to the crisis, navigating the uncertain circumstances and preparing for future opportunities that may arise from the economic fallout.
Read MoreAvison Young Completes 133,140 SF Of Industrial Leases In Broward County
Avison Young has announced it negotiated five industrial lease transactions totaling 133,140 SF in Broward County, Florida. The transactions were overseen by Avison Young Principals Tom Viscount and Wayne Schuchts.
Read MoreDouglas Elliman Opens On CocoWalk In The Heart of Coconut Grove
Douglas Elliman announces the opening of a new office in Miami’s Coconut Grove located at 3059 Grand Avenue, at the epicenter of CocoWalk, replacing its previous Coconut Grove location. The expansive first-floor location will house the firm’s roster of Coconut Grove agents and operations, with additional office space for new agent recruitment.
Read More$45 Million Trophy Office Building for the 1% Hits the Market in South of Fifth
The Yukon Miami, which commands one of the highest per square foot rents in Florida at $78 per square foot, is located at 119 Washington Avenue in Miami Beach’s affluent South of Fifth neighborhood. The Arquitectonica-designed office building has just hit the market for $45 million. Amit Egan Datwani of The Global Consulting Organization and Cyril Bijaoui of The Company Real Estate are representing the seller.
The 43,140-square-foot commercial office building is the only Class A office building located in the South of Fifth enclave steps away from world-class, record revenue breaking restaurants, including Joe’s Stone Crab, Estiatorio Milos, and Prime 112.
In addition to its prime location, The Yukon Miami features more than 8,000 square feet of available rooftop terrace space with 360-degree views of the Atlantic Ocean, Miami Beach, and Downtown Miami, the largest commercial roof and deck space in South of Fifth.
“Nestled between Fisher Island (the richest zip code in the United States) and the revitalized Washington Avenue only enhances the locational appeal of the South of Fifth neighborhood,” said Amit Egan Datwani, founder and chief consultant at The Global Consulting Organization. “The Yukon Miami is the ideal opportunity for a visionary investor that understands this and has the ability to transform the property from a trophy asset to an absolute gem.”
Premier tenants include One Sotheby’s International Realty, Red Steakhouse, W5 Group (a global real estate investment platform), and several financial companies, including Boston-based Raptor Capital Management, Manhattan-based York Capital Management, and Sero Capital.
A private launch party to promote the building hitting the market will be held on The Yukon’s rooftop terrace next month.
By Stephanie Warren
L to R: Scott Durkin, Douglas Elliman President & COO, Gus Rubio, COO of Douglas Elliman Florida Brokerage, Don Langon, Managing Broker of Douglas Elliman Palm Beach, Dottie Herman, CEO of Douglas Elliman, Howard M. Lorber, Executive Chairman and Jay Phillip Parker, CEO of Douglas Elliman Florida Brokerage.
Douglas Elliman Celebrates Grand Opening Of New Duplex Palm Beach Office In Royal Poinciana Plaza
Douglas Elliman continues to expand its presence in South Florida and the Palm Beach market with the opening of a new office in Palm Beach’s Royal Poinciana Plaza located at 340 Royal Poinciana Way, Suite M302. The two-story, 3,539 SF location houses the firm’s 125 Palm Beach agents along with additional office space for new recruits and marketing operations.
Read MoreAvison Young Chosen By New Ownership Team At 800 Brickell To Oversee Leasing
Avison Young has been named the exclusive leasing firm for the 15-story, 209,122 SF office tower at 800 Brickell Avenue in Miami. The assignment was awarded by new-to-market ownership, New York-based family firm Gatsby Enterprises in partnership with MasterMind Properties, which acquired the trophy asset for $125.5 million in July 2019.
Read More6020 N Bay Road, Miami Beach was listed with Nelson Gonzalez of EWM
Miami Luxury Real Estate Leader EWM Realty International Joins Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, has announced that South Florida luxury real estate leader EWM Realty International has joined its network operating as Berkshire Hathaway HomeServices EWM Realty. The 55-year-old, full-service brokerage is led by CEO Ron Shuffield, one of South Florida’s most respected operators in the business.
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