The NYC and Miami-based development firm, Lefferts, has revealed 72 Park, a short-term rental approved condominium tower coming to Miami Beach. Slated for completion in early 2024, this will be the first new luxury tower on Miami Beach to permit vacation (or short-term) rentals and will offer 206 units ranging from 470 to 1,177 square feet with prices starting from the $700,000s. The topping-off ceremony for 72 Park is estimated to take place in July 2023.
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Terra and Lion Development Group Acquire Midtown Development Site For $40 Million
A joint venture between leading Miami-based developers Terra, led by David Martin, and Michael Simkins’ Lion Development Group, has closed on the $40 million purchase of a prime 1.6-acre piece of property located at 3501 NE 1st Avenue in Miami. Plans call for an iconic luxury condominium tower designed by Miami-based architect Arquitectonica and international design studio Yabu Pushelberg set to rise at the nexus of Miami’s most in-demand neighborhoods.
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FIRST ON PROFILE: Dubai-Based Developer DAMAC International Submits Pair Of Zaha Hadid Architect's Preliminary Designs For Surfside Development Site
FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer led by Hussain Sajwani, it has submitted its application for planning approval to the Town of Surfside, incorporating Zaha Hadid Architects’ (ZHA) stunning design. Zaha Hadid Architects has produced a pair of design variations for a 12-story ultra-luxury boutique oceanfront condominium with 57 residences at 8777 Collins Avenue.
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Image via Golden Dusk Photography
Arquitectonica-Designed 42 Pine Tops Off Luxury Boutique Condo In Miami Beach
The Arquitectonica-designed 42 Pine, the highly anticipated boutique residential building at the nexus of iconic Pine Tree Drive and 42nd Street, has topped off, marking a milestone along its timeline for completion, which is estimated for Q1 2024. The eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. The project secured $35.5 million in financing from BridgeCity Capital to begin building last year.
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Museum of Ice Cream Set To Open Permanent Location In Miami Worldcenter In Early 2024
Get ready to satisfy your sweet tooth, as Museum of Ice Cream (MOIC), an inclusive and interactive environment dedicated to all things ice cream, is gearing up to open a permanent Miami location in early 2024. Known for its whimsical exhibits that energize the senses, MOIC will return to the Magic City at the new Miami Worldcenter development in the heart of Downtown Miami, located steps from Miami’s Kaseya Center, home of the Miami Heat.
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Related Group and LNDMRK Acquire Three-Parcel Site In Edgewater For $12 Million
The Miami-based Related Group, along with partner Alex Karakhanian at LNDMRK, have acquired 18,000 sq. ft. land parcel encompassing three adjoining sites in Miami’s Edgewater neighborhood. Located at 519, 525, and 535 NE 29th Street, the land overlooks Biscayne Bay and provides easy access to MacArthur Bridge, connecting Edgewater to Miami Beach, and to I-195, leading north to Fort Lauderdale and Palm Beach. Related and LNDMRK paid $12 million for the largely undeveloped site.
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Cipriani Residences Miami Reveals First Look At Exclusive, Record-Setting Canaletto Collection
Soaring 80 stories above Miami’s Brickell neighborhood and Biscayne Bay, Cipriani Residences Miami, the luxury hospitality brand’s first-ever ground-up development in the U.S., has revealed a first look at the Canaletto Collection, an exclusive assemblage of ultra-luxury residences and penthouses on the top 18 floors of the tower. This limited 70-home collection represents Brickell’s highest level of luxury, featuring sweeping views stretching from the Miami city skyline to the Bay toward Miami Beach, and sets a new price-per-square-foot record in the area.
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SB Development And Hazelton Capital Group Launch Kobi Karp-Designed Cove Miami Waterfront Condo in Edgewater
New York-based development firm SB Development and Hazelton Capital Group have launched sales for Cove Miami, a boutique waterfront condominium in Miami’s fast-growing Edgewater neighborhood. The new development marks the latest addition to SB Development and Hazelton Capital Group’s impressive portfolio and their first project in Miami. The luxury waterfront project is expected to occupy approximately 450,000 square feet and rise 40 stories high, featuring 116 units.
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Related Group's Casa Bella Residences by B&B Italia Sets Record Price Per Square Foot With $12.6 Million Penthouse Contract
Miami-based real estate developer Related Group and partner Alta Developers have signed a contract for a 54th-floor, 5,893-square-foot triplex penthouse at Casa Bella Residences by B&B Italia for $12.6 million, or $2,138 per square foot, signifying what will be the most expensive condominium sale on a price-per-square-foot basis in Downtown Miami’s highly desirable Arts and Cultural District. Casa Bella Residences by B&B Italia has achieved nearly $50 million in signed contracts over the past 60 days.
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E11EVEN Partners and PMG Break Ground On E11EVEN Residences Beyond In Downtown Miami's District 11
Developers PMG and E11EVEN Partners have broken ground on E11EVEN Residences Beyond, part of the E11EVEN Hotel & Residences Miami development, an ultra-luxury, dual-tower development located in Miami’s District 11. Located at 90 NE 11th St. in the newly expanded entertainment destination, the E11EVEN Hotel & Residences Miami project has taken Miami by storm, continuing to break sales records and offer a unique experience to buyers unlike anything the community has ever seen before.
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