Construction Update: G&G Business Development Files Notice of Commencement to Break Ground on Aston Martin Residences

G&G Business Developments has filed a Notice of Commencement with the county to break ground on Aston Martin Residences. Aston Martin Residences will rise 66 stories and features 391 units, designed by Revuelta Architecture and Bodas Mian Anger. The tower's interiors will feature lighting and handmade detail based on the car in addition to hand-adorned residence door numbers from the same jewelers that place the logo on the hood of Aston Martin cars. The building will features floor-to-ceiling glass with no visible concrete, including glass encased support beams. Units start at $500,000 and range up to $7,000,000 for the "River and Panoramic Residences" part of the building and $14,000,000 to $35,000,000 for the "Penthouses." The ultimate unit will be a triplex penthouse that comes complete with a private pool, helipad and Aston Martin Vulcan. Amenities include 42,000 SF “Sky Amenity” deck which features a state-of-the-art fitness center, golf simulator, multiple theaters, and a curated art gallery.

Construction Update: Brickell Keeps Rolling as Key International & 13th Floor Investments' 1010 Brickell Receives TCO

1010 Brickell, which was developed by Key International and 13th Floor Investments with Moss & Associates is the contractor of record, has received their TCO. The project was designed by Sieger Suarez and rises 50 stories and is 99% sold of its 352 condo units which range in size from 850 SF - 1,922 SF. Units feature 9' high ceilings, 11' deep balconies. Amenities include "The Club at 1010" a 2-story amenity space which features a heated pool, retractable glass walls, game room with bowling, ping pong and air-hockey; a fitness center with half-court basketball, mini-tennis, soccer, volleyball, a spa and spa with a hammam Turkish bath and steam rooms with hot and cold plunge pools and treatment areas. There is also a rooftop deck that features a lap current pool, treetop restaurant/ lounge and an outdoor movie theater. 1010 Brickell is located at 10th Street and SE 1st Ave. Closings are expected to begin in September (2017). 

Construction Update: Mast Capital's Rene Gonzalez Designed Louver House Officially Completes in South of Fifth

Mast Capital has completed their first luxury condo development, South-of-Fifth's Louver House. Designed by award-winning Miami-based architect Rene Gonzalez, the 4-story building features 12 residences which pay homage to the rich history of Meridian Avenue. Gonzalez started by preserving the memory of a historic Belvedere bungalow that was once on the Louver House site by creating a louvered bungalow that will be the focal point of the entrance. Mast Capital also brought on artist Michele Oka Doner to create artwork that will hang in the lobby area. The space will be draped with plants from landscape architect Savino & Miller. Only 4 residences remain for sale. Louver House will commence closings mid-August. Buyers, who are predominantly end-users, can now move in and start enjoying their large, landscaped terraces; proximity to the beach; the property’s beach concierge service as well as its neighboring shops and restaurants. Remaining residences start at $2.5 million to $3.1 million. Sales and marketing for the Louver House are exclusively handled by ONE Sotheby’s International Realty.

“We’re excited to finally present Louver House because it has all the key elements buyers are looking for in today’s luxury residential real estate market,” says Camilo Miguel Jr., CEO of Mast Capital. “To us, luxury is about amazing finishes, expansive spaces and the ability to enjoy a sense of privacy. This building offers a unique lifestyle that places residents in one of Miami Beach’s most exciting neighborhoods, but because of its small scale, also serves as an exclusive, family-friendly enclave.”

“The architectural design for Louver House has everything to do with the beauty of the building’s surroundings; we wanted to create a substantial and substantive piece of architecture that pays deference to its environment and urban condition,” says architect Rene Gonzalez.

Construction Update: The Optimum, Coconut Grove's New Arquitectonica Designed Office Development Breaks Ground

Optimum Development USA celebrated the ground-breaking and start of construction of The Optimum, a 5-story, class A office tower in the heart of the Grove. The Optimum is being developed by Optimum Development USA, led by Ricardo Tabet, and was designed by Arquitectonica. The development will entail 44,000 SF of office space and 6,500 SF of ground floor restaurant space which is expected to feature a high-end restaurant along with a rooftop lounge that offers dramatic, panoramic views of Biscayne Bay. Optimum Development USA paid $8.5 million for the assemblage in 2014 and has since taken a $21.5 million loan on the property. The Optimum is located at 3480 Main Highway in Coconut Grove and is expected to be completed in 12 to 14 months. 

Construction Update: CANVAS Tops off In Miami's Arts + Entertainment District

CANVAS Condominium from NR Investments has topped off their 37 story residential tower in Miami’s burgeoning Arts + Entertainment District (A+E). The announcement was made August 10, 2017 in tandem with general contractor Stiles Construction and the project’s exclusive broker, Fortune International Realty. Prices for the remaining inventory ranges from $345K to $654K, with sizes encompassing 620 SF to 1,110 SF. With CANVAS being Fannie Mae approved, prospective buyers are able to capitalize on reduced deposit requirements and other benefits of the program, furthering access to millennials and first-time buyers. The sleek, contemporary tower with ocean, bay, sunset and Miami skyline views. In a nod to the surrounding local influence including Wynwood, one of the newly unveiled hallmarks of the tower will be a massive, collaborative installation involving 22 globally renowned street artists and yielding more than 200 original works of art for the building’s residential corridors and common areas. CANVAS is expected to be delivered to residents next spring (2018) after the project originally broker ground in February 2016. 

CANVAS is located at 1630 N.E. 1st Avenue, in the heart of of Arts + Entertainment District. Developer NR Investments and its principals are the founders of the Arts + Entertainment District, an enclave flanked by Wynwood, Edgewater and downtown Miami. At CANVAS, amenities include sunrise and sunset pool decks, a serene indoor/outdoor yoga garden, a state-of-the-art gym, a glass-enclosed racquetball court, Zen spa/sauna treatment rooms, and a multimedia screening and theater facility.

“Buyers have been flocking to this project from across the globe,” said Ron Gottesmann, Principal of NR Investments. “We know this neighborhood presents a great deal of appeal among those looking for a central location in a neighborhood being fueled by the arts – one that puts residents within walking distance of area landmarks and top entertainment venues. For those seeking a second home or primary residence, CANVAS represents the opportunity to be at the epicenter of everything Miami has to offer.”

“What we’ve built in the Arts + Entertainment District has been transformative…and CANVAS is a direct reflection of that,” said Nir Shoshani, Principal, NR Investments.  “Overall, this is an important moment for the city as it is another example of the strong interest among buyers to live in the urban core of Miami and take advantage of its art-infused offerings.”

Enjoy the Top-Off Video Below:

Photos & Video Via Golden Dusk Photography

Tour the Penthouse Collection at Riva Fort Lauderdale Which is Aiming for September Completion

Riva Fort Lauderdale is powering towards completion and sales have continued to be strong, reported to be over 55% sold in May with a penthouse unit recently selling for $3.75 million. Construction is in the home stretch after topping off in February 2017 and is expected to be completed in September. Riva is being developed by Premier Developers who obtained a $65 million construction loan to finance completion of the tower in May. Riva will rise 15-stories and feature 100 condo units ranging in size from 1,538 SF to 8,788 SF and in price from $645,000 to $1.75 million with penthouses starting at $2 million. Amenities include water taxis, state-of-the-art fitness center, ground floor retail with a restaurant, a private dock and a watersports center. Riva is located at 1180 North Federal Highway. 

Upper Penthouse(s)

The recently sold penthouse was located as part of the collection located on the upper half of the building. The 2 story unit has 4,479 SF of interior living space spread over 3 bedrooms with 2 master suites and an additional 2,600 SF of outdoor space including a rooftop deck with a spa and summer kitchen. The unit also features private elevator within the residence, an enclosed garage, and a 35' boat slip with direct river access to the intracoastal. The unit is under contract for $3.75 million. 

River Loft

Riva's premier unit is its unique, 12,085 SF River Loft, which is asking $5.25 million. The 2-story, 4 bedroom, loft-style penthouse unit is located on the 2nd and 3rd floors, just 25' above the Middle River with over 250' of riverfront and 83' of outdoor-space. The unit features an outdoor dining room, summer kitchen, private pool terrace, private 2 car garage, gourmet kitchen, story master suite, and library.

Construction Update: 321 at Water's Edge in Fort Lauderdale to Begin Infrastructure Development on July 31

321 at Water's Edge in Fort Lauderdale has announced that they will begin infrastructure development on July 31 and will go vertical soon after. The 11 story building is being developed by Jeffrey and Samuel Sobel and features 23 condo units with interiors by Steven G. Sales are reportedly over 20% and units are priced starting at $2 million. Units range from 2,600 SF to over 4,100 SF with 3 penthouses that feature an additional 1,434 SF. Units feature floor-to-ceiling glass, expansive living areas, designer kitchens with exclusive Italian furniture, Hansgrohe faucets, quartz countertops and Gaggenau appliances. Amenities include pool with pool bar, jacuzzi, wine tasting room, fitness center with sauna, docks for yachts up to 70'. 321 Water's Edge is located at 321 N Birch Road which is walking distance to the beach and just across from Las Olas Boulevard. 

Construction Update: 3550 South Ocean Breaks Ground, The 1st Residential Project on Palm Beach in Over A Decade

Integrated real estate firm DDG announced earlier this month (July 2017) that construction is officially underway at 3550 South Ocean in Palm Beach after hosting an exclusive ground-breaking ceremony attended by South Palm Beach Mayor Bonnie Fischer, Douglas Elliman Chairman Howard M. Lorber and DDG CEO and Chairman Joe McMillan. The project is a rare new addition to the Palm Beach shoreline. The groundbreaking follows the launch of sales earlier this year; the project is already over 20% sold.

“3550 South Ocean signifies DDG’s foray into Florida and we couldn’t be more excited to see this project come to life as construction gets underway. Between the location, ocean views and selection of amenities, 3550 South Ocean will introduce a new luxury lifestyle to the Palm Beach condominium market,” said Joe McMillan, CEO and Chairman of DDG.

“There has been a strong interest in 3550 South Ocean since sales have launched,” said Howard M. Lorber, Chairman of Douglas Elliman Realty, LLC., whose Douglas Elliman Development Marketing team is the exclusive marketing and sales agent for 3550 South Ocean. “This project has addressed the buyers’ needs for ground-up new luxury homes on the beach with an elevated level of design that this area of Palm Beach has not seen before.”

The 7-story building was designed by local starchitect Kobi Karp in collaboration with Garcia Stromberg of Palm Beach and interiors by Champalimaud of New York. 3550 South Ocean will feature 30 units which come in 2 and 3 bedroom layouts, range in size from 2,700 SF to 3,000 SF and start at $1.875 million. Units will feature private elevator access with private entry foyers, amazing views of the Atlantic Ocean and Intracoastal Waterway, floor-to-ceiling glass, expansive chef's kitchens, and will be delivered move-in ready. A collection of five penthouses will also feature rooftop terraces.

Amenities include private beach access, a beachfront salt water swimming pool and sun terrace, a fitness studio with eastfacing natural light, on-site surf board and stand-up paddleboard storage, private gated access and private parking. Additionally, DDG has a partnership with The Wright Fit, to provide custom, on-demand lifestyle services including in-residence massages, indoor and outdoor private training, and yoga and youth fitness for residents. Ownership perks also include an exclusive relationship with on-demand charter service, Star Jets International which provides residents with custom-tailored concierge jet services, with the resident experience inclusive of door-to-door car transfers, itinerary customization, jet selection, onboard catering and more. Construction is currently under way with KAST as the general contractor. Delivery expected in late 2018. 

Joe McMillan (CEO and Chairman of DDG), Howard Lorber (Chairman of Douglas Elliman Realty, LLC.) [shown left to right]

Construction Update: Auberge Beach Residences & Spa Tops-Off in Fort Lauderdale

Auberge Beach Residences and Spa has officially topped-off the north tower. The north tower is almost sold out, with just 3 residences for sale remaining, and the south tower is over 60% sold. Auberge Beach Residences & Spa features 171 flow-through condominium residences spread over two towers designed by Nichols Brosch Wurst Wolfe & Associates with interiors by Meyer Davis Design Studio. Units feature private elevator access, sunrise and sunset terraces, and floor-to-ceiling glass for unobstructed ocean views. The project is being developed by PRH Fairwinds, a partnership between Related Group, Fairwinds Group and Fortune International. The building's amenities include 2 beachfront swimming pools, full-service spa, 2 restaurants, golf simulator and a state-of-the-art fitness center. Delivery is expected in the summer of 2018.

Sales Update: Renzo Piano's Eighty Seven Park Passes 60% Sold, To Break Ground Next Month

Terra's Eighty Seven Park in Surfside, designed by the legendary Renzo Piano, is reporting that pre-sales at the tower have passed the 60% mark and the developers are aiming to break ground next month (August 2017). Douglas Elliman Development Marketing is overseeing sales where reportedly among notable buyers is Million Dollar Listing New York's Fredrik Eklund. Eighty Seven Park is a joint venture headed up by Terra with Bizzi & Partners Development, New Valley and Pacific Eagles Holdings Corporation. 

Eighty Seven Park is located on Collins Avenue in North Beach at 87th St. and Collins, which is the northern-most parcel of land in Miami Beach. Eighty Seven Park will be an 18 story glass tower with expansive, unobstructed views of the Atlantic Ocean, Miami Beach and Biscayne Bay. The building was designed by famed designer and Pritzker Prize-winning architect Renzo Piano Building Workshop in collaboration with RDAI, West 8 designed the landscape architecture and Ruben and Isabel Toledo will handle branding and marketing material. Eighty Seven Park will feature 68 residences that range from 1 to 5 bedroom layout and 1,400 SF to over 7,000 SF. Pricing ranges from $1.6 million to $15.2 million. There will also be a full-time concierge and butler service, smart home and building technology and five-star amenities including a salon, resort style pool with full-service bar, valet, security, library and on-site enoteca complete with on-site wine tasting. Eighty Seven Park is expected to be completed in 2018.