Auberge Residences Miami On Hold Until at Least 2018

Carlos Rosso, Jorge Pérez and Juan Carlos Botero. Photo via TheRealDeal

Related Group President Carlos Rosso has confirmed that Auberge Miami has been placed on hold until at least 2018. Leases for the existing property have already been given the option to extend until at least that time, but Rosso stated that no firm date has been placed as developers scramble to adjust to an oversupply of new inventory. As of April only 20% of units had sold. The development will ultimately be 3-towers with 1,400 residential units on the 2.8 acres located at 1440 Biscayne Blvd. Units start at $350,000 and range up to $3.9 million. 
The project was slated to be Jon Paul Perez’s first time in the leading role of development for Related. The 31 year old vice president is one of Related Group's founder and CEO Jorge Perez’s four children and is being groomed to take over the company. 

Mario Chalmer's Triplex in Marquis Residences Listed for $3,200,000

Photo via Fortune International Realty Brickell Inc.

Creativity can be everything in real estate. This massive nearly 5,500 SF triplex in Marquis Residences, unit 4906, is currently listed at $3,200,000. The custom built layout makes use of the two-story units to allow for double-height floor to ceiling windows with unparalleled views of Biscayne Bay, Miami Beach and the Atlantic Ocean. The unit is 5 bedrooms and 5 bathrooms complete with a billiards room, full sized cooks kitchen, media room and expansive master suite. Finished with marble flooring throughout and smart home technology. This is a rare gem in an amazing building that features the recently opened Me Miami Hotel and STK Miami steakhouse. It is linked to Mario Chalmers of the formerly of the Miami Heat. Listing and photos by Allan Kleer of Fortune International Realty Brickell Inc. 

300 Biscayne Boulevard Way Set for 70-Story Iconic Lighthouse Condo Tower

The last prime, undeveloped lot in Downtown Miami's river walk at 300 Biscayne Boulevard Way is set to get receive a 70-story, 817-foot residential tower complete with an iconic lighthouse on top. The lot is the former site of Epic East, and next to the current Epic Hotel. It is also known as Miami's most expensive acre which was purchased last year for $125 million for the 1.25 acre lot. Riverwalk East Development Group, LLC. along with Revuelta Architecture submitted the plan to the Miami River Commission's Urban Infill & Greenways Subcommittee in March 2016. The sail shaped tower will house 384 luxury residential units, spa and pool deck on floors 53 to 55, private elevators, 70th-floor lighthouse. To obtain approval Riverwalk East Development Group, LLC> must commit to several changes to the Riverwalk including widening the walking pathway, better connect One Miami to Epic and Biscayne Boulevard Way and use the $2 million public benefits fund for projects in the impacted Miami River District. Should these upgrades get completed Downtown Miami is in for another iconic shape up as it grows towards the city of the future. 

Healthy Sales Reported at One River Point

Sales at the pre-construction mega-project One River Point have been healthy as the project is now 26% sold according to developer Shahab Karmely of Kar Properties. Recently the market has been hot with nearly $26 million since the beginning of July. The Next Miami is reporting that according to broker Micael Light, reservations and deposits for 16 units at an average of $1.6 million to bring the total closed to 100 of 386 units. Groundbreaking for the project is expected in mid-2017. 

One River point will include twin high-rise luxury resort style residential towers connected by a 3-story "skybridge" Sky Club. Amenities also include 2 restaurants, a cigar lounge, cocktail bar, wine cellar, 25 club suites for guests, an 85 foot waterfall and pool deck. Units start at $750,000 - $12 million. 

Liquid Lofts is Finally Approved in Downtown Miami

Siegar Suarez's Liquid Lofts are ready to break ground after Miami's Planning Department approved the plans on July 18. Liquid Lofts will be a 866 foot tall building consisting of 482 apartment units over 78 units. The project also includes ground floor restaurant and commercial space as well as walking distance to the Metromover. The development will be built at 35SW 1st St. in Downtown, which required setback waivers to construct the tall building on such a small, .48 acre lot. Charles Sieger had initially purchased liquidloftsmiami.com in December 2013, but the city stalled on approvals. He is serving as both the developer, equity holder and architect.  The property is adjacent to Downtown's Macy's location which sold to Aetna Realty Group in 2013. 

World Trade Center of the Americas Approved For Downtown Miami

Brazilian developer Gilberto Bomeny and Regalia develper Louis Montello have teamed up and are moving ahead with the World Trade Center of the Americas at 340 Biscayne Blvd. after completing a sale and 99 year leaseback of the property and obtaining financing. They purchased the property which is currently the Holiday Inn Downtown in November 2015 for $65 million. 

The World Trade Center of the Americas will be a 77-story mixed-use development that will rise 969 ft. The FAA and city approved the height, which will continue to push Miami's skyline higher. The mixed-use project will include 1.4 million SF of space including 400 residential units, 100 hotel rooms, 250,000 SF office space and 516 parking spaces. The total sell-out is expected to exceed $1 billion. Ground breaking is expected to come around late 2018 with an expected completion of 2022. 

MiamiCentral Station & Brightline Construction Update

Construction is progressing at the Downtown Miami site of the future MiamiCentral Station, which is part of the railway initiative to connect Forida's metropolitan cities. MiamiCentral Station will service both the Tri-Rail and Brightline train paths. The Next Miami has reported that All Aboard Florida is on track to begin Tri-Rail service soon and Brightline passenger train service between Miami and West Palm Beach at some point in 2017. 

Photo via Phillip Pessar and The Next Miami

The Brightline will travel at speeds of up to 125 mph by train between Miami and Orlando, connecting the Eastern coast of the state of Florida like never before. The $2.5 billion, privately funded Brightline will soon provide easy access for residents of South Florida to Miami, Ft. Lauderdale, West Palm Beach and Orlando.  All three South Florida stations are currently under construction as this project inches closer to reality. 

The Brightline will feature everything that the modern traveler needs, including free Wi-Fi and charging stations at the seats. There will also be food and beverage service aboard. There will also be designated pet areas and three ticket options at all different budgets and privacy allotments. As opposed to the standard steel cars that have moved people for over a century, Brightline will feature a Floridian spin, with passenger cars being an artistic pink, red, orange, green or blue. Designer David Rockwell has said that he wants to keep the train cars and station design transparent and welcoming, which led to the moniker "Brightline." Matched with the massive amounts of development going on in South Florida, the Brightline should further help connect the people and economies in South East Florida.

Auberge Residences

Related Group's mixed-use project monikered Auberge Residences at 1400 Biscayne Blvd. has been approved and sales are slow but underway! The partnership between Related Group and Auberge Resorts acquired the prime US-1 property for $57.3 million last year right next to the Adrienne Arsht Center for the Performing Arts' Knight Concert Hall. Arquitectonica will design the project while Auberge Resorts will manage the property upon completion.

Auberge Residences is proposed as a 60-story tower facing Biscayne Bay with 380 total units, 290 luxury-condos and 90 designer condo-hotel suites. The residences will be available in 1, 2,3 and 4 bedroom layouts. Units will have private elevators, master baths designed by Piero Lissoni, custom Italian kitchens and unmatched views of Biscayne Bay, Miami Beach and Downtown Miami. pre-construction reservations start around $700 SF. There will be a 60th floor full-service, resort style pool deck, 12th floor zen pool, a world-class spa, wine room, cigar lounge, concierge, 24/7 security, etc. The building will also pride itself on the museum-quality art which will be curated from Jaume Pensa, Fernando Botero and Julio Le Parc. Completion expected Q1 2019. 

Paramount World Center

The exciting new Paramount Miami Worldcenter will feature the highly-anticipated Paramount Tower, where sales are now underway with over 25% of the building already reserved. Being brought to Miami by developers Daniel Kodsi, Art Falcone and Nitin Motwani with architect Elkus Manfredi Architects with the interior will be by design firm ID & Design International, Paramount Tower will be a luxury high-rise with five-star amenities right in the heart of Downtown Miami. The development is part of the Paramount Miami Worldcenter project that includes residences, mall, shopping, dining, entertainment, etc. This new development is expected to driving commerce and visitors to Downtown Miami at an unprecedented level. 

Paramount Tower will feature 470 residences which will be on levels 10-54 with private elevator access and foyers, outdoor living rooms, designer kitchens and direct access to The Mall at Miami Worldcenter from the third floor. The building will also feature a "Yacht Skyview Deck," a 4-level rooftop haven with pool, lounge and yoga deck. Units are starting at $533 per square foot.  

Moshi Mana's "Pod" Style Downtown Microliving Proposal

Moshie Mana continues to propose unique, innovative projects to Miami. His Downtown, North Miami Ave. 49-story development will be true, urban microliving popular in densely populated cities. Most of the units will be "pod" style, under 500 SF, will not have full kitchens and furniture features will be built into walls. Renters in the 328 unit project will be able to use shared common area and other amenities. Pricing is expected at $900 a month for a microunit.