Image via Katie June Burton
Anastasia Koutsioukis and Ahmet Erkaya, the husband-wife duo behind Miami’s iconic Mandolin Aegean Bistro, have opened The Drexel in Miami Beach. Since Mandolin’s initial opening, the couple have expanded the Mandolin brand to include homeware store Mrs. Mandolin; fast-casual gyros and kebab house, Mr. Mandolin; Mandolin Taverna in Los Angeles; and The Drexel in the heart of Miami Beach.
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Brightline Aventura Ribbon Cutting
Brightline, the only provider of modern, eco-friendly, intercity rail in America, along with its partners in Boca Raton, Aventura, celebrated the ribbon cutting of its Aventura and Boca Raton train stations. Congressman Carlos Gimenez and Mayors Daniella Levine Cava, Scott Singer and Howard Weinburg were joined by Brightline executives to officially launch the highly-anticipated new stations. The first day of service for Boca Raton and Aventura is December 21, 2022.
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Club Studio
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap.
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Kirkland & Ellis, one of the largest law firms in the U.S., will open a Miami at 830 Brickell, the Class A+ tower nearing completion in the city’s Brickell Financial District. The firm signed a six floor, 115,000 square-foot lease at the tower, the largest new-to-market office lease signed in Miami in 2022. The 55-story tower will be 100% leased ahead of its delivery in early 2023.
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Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, will begin leasing and start construction in the coming months for their new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza named THE FIFTH MIAMI BEACH. This will be the first commercial building in the United States and first building in Miami designed by Baeza, who won Spain’s National Prize for Architecture last year.
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Fortune International Group, a real estate leader in developing, funding, construction management sales and marketing and led by the visionary founder, Edgardo Defortuna, have announced they are collaborating with hospitality brand, Casa Tua, to curate and program its newest high-rise, mixed-use development located at 1210 Brickell Avenue in Miami’s Brickell neighborhood.
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As Miami’s bustling Brickell neighborhood evolves into one of the nation’s most desirable urban cores, New York-based developer Chetrit Group has announced a transformative new district designed by Kobi Karp that will reimagine over six acres of the Miami River’s waterfront into a premier destination for art, entertainment, music, and culture.
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Brick & Timber Collective has acquired Cube Wynwd, an office building in Miami’s hot Wynwood neighborhood, from Tricera Capital and Alex Karakanhian’s LNDMRK Development for $62 million. The transaction closed on December 13 and Tricera and LNDMRK retained an undisclosed ownership stake in Cube Wynwd. Tricera and LNDMRK originally acquired the 100,000 SF office building for $28 million in an April 2021.
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Dan Kodsi’s Royal Palm Companies has locked down a $76.5 million construction loan for Elevate Apartments in Dania Beach. The 36-month financing was provided by the Miami-based 3650 REIT and replaced a previous $64 construction loan. The multifamily project, which is located at 600 East Dania Beach Blvd., is roughly halfway complete.
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Image via Zoltan Present, Luxhunters Productions
The St. Regis Residences, Sunny Isles Beach, Miami, a duo of standalone towers situated along 435 linear feet of pristine beach, has revealed an exclusive first look into an oceanfront sales gallery amid immense sales success. Also unveiled at an exclusive invite-only event for industry insiders was the sculpture “Our Nucleus” by internationally acclaimed artist Lorenzo Quinn, exclusively commissioned for the future residences.
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