Celebrity developer Zach Vella has acquired two adjacent waterfront development lots on Miami’s Venetian Islands for his private residence in Miami. Vella paid $15.2 million for 228 and 302 West Dilido Drive, a dirt value of $688 per square foot, which surpasses the Venetian Islands’ record land sale which was previously $6.5 million for 412 West Dilido Drive set in 2016.
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Kushner Companies Gearing Up To Break Ground On First Miami Projects
Kushner Companies is gearing up to break ground on their first two Miami projects located in Wynwood and Edgewater. The Wynwood project, known as Wynwood 27, will break ground first in Q1 2021 at 127 NW 27th St. and 129 NW 26th St. Wynwood 27 will feature 152-units, 50,000 SF of office space and 34,000 SF of retail space.
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Miami Worldcenter Gears Up To Break Ground On Two-Story Mixed-Use Building
Miami Worldcenter Associates are gearing up to break ground on a two story mixed-use building around a pedestrian promenade in Miami Worldcenter after city records show that the developers filed for a construction permit on December 1st. Miami Worldcenter plans to have one level of retail on the ground floor and one level of office space on the second floor, totaling 41,164 sq.ft. between the two stories.
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ARTE by Antonio Citterio Breaks Record With $33 Million Triplex Penthouse Cash Sale In Surfside
ARTE, a new oceanfront luxury condominium developed by Alex Sapir and Giovanni Fasciano, have announced the record-breaking sale of its triplex penthouse for $33 million. The all-cash transaction is Miami Beach’s third most expensive penthouse sale in the last seven years, and represents the highest price per square foot ever recorded in the city’s exclusive Surfside neighborhood.
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Brickell City Centre Launches Digital Turnkey Units
Swire Properties has designed digital turnkey units at Reach and Rise Residences at Brickell City Centre. The customized digital spaces give buyers a real-life glimpse at how their unit will look before they even step foot in it. Swire Properties has strategically partnered with the NYC design firm, Interior Marketing Group, to target the New Yorkers moving to South Florida seeking lower taxes.
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SeaGlass Jupiter Island Celebrates Groundbreaking
Fontainebleau Development, LLC, and Perko Development Partners as the local co-development partner, celebrated the groundbreaking of a new oceanfront condominium, SeaGlass Jupiter Island. The condo will feature 21 luxurious residences with unobstructed ocean views and is expected to be completed in fall 2022. Attendees of the ceremony included: Jeffrey Soffer, Fontainebleau Development chairman and CEO
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The Estate Companies Acquires Site For Soleste NoMi Beach In North Miami Beach
The Estate Companies, a subsidiary of Estate Investments Group (EIG), has closed on the future site of Soleste NoMi Beach in North Miami Beach for $13.1 million. The project was approved in September 2020 and was designed by Form Group. The 1.78-acre site is located at 16395 Biscayne Blvd. and currently features an 8,249 square foot retail building which will be demolished.
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Fortune International Group Announces $6.6 Million Sale In Herzog & De Meuron-Designed Jade Signature
Fortune International Group has announced the $6.6 million sale of a move-in ready residence, No. 4901, in the developer’s award-winning Jade Signature condominium tower in Sunny Isles Beach. The transaction represents the sale of the last remaining residence outside of Jade Signature’s “The Collection,” a portfolio consisting of the tower’s most luxurious offerings.
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The Tampa EDITION Launches Sales Center At Water Street Tampa
The Residences at The Tampa EDITION have recently launched sales for the city’s first five-star hotel-brand inside Water Side Street Tampa. The project was developed by Tampa-based firm Strategic Property Partners. The new sales gallery opening will allow buyers to view residences’ interiors and layouts first-hand for the 37 residences featured in the building.
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East End Capital Receives Approval For Kobi Karp-Designed Co-Living Project, FOYER Wynwood
East End Capital, led by Jonathan Yormak, received approval from Miami’s Planning & Zoning Department for FOYER Wynwood on December 1. FOYER Wynwood is a co-living, mixed-use project at 2400 North Miami Ave. which is now pending a construction permit and demolition permit for remaining structures on the site.
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