A one-of-a-kind sky-high duplex penthouse in Downtown Miami’s PARAMOUNT Miami WorldCenter has hit the market asking $40,000 per month. The show stopping unit features a brand new buildout which is nearly complete and encompasses 3,995 SF spread over 4 bedrooms and 5.5 bathrooms. PH 4611 offers residents picturesque sunrise and sunset views overlooking all of Brickell and Downtown Miami from nearly every room.
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Photo credit: The Louis Collection
New Middle Eastern Restaurant Mazeh Opens in Downtown Miami
NYC-based hospitality powerhouse group, GPG Hospitality, has introduced a brand-new Modern Middle Eastern concept to the Miami dining scene with Mazeh, which officially opened its doors to the public July 15th. Located at the sleek and modern YOTEL Miami hotel, Mazeh’s relaxed yet refined ambiance and unparalleled culinary approach will extend a unique modern flair to traditional Middle Eastern cuisine.
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RELATED, ROVR AND BH GROUP BEGIN VERTICAL CONSTRUCTION ON SOLD OUT DISTRICT 225 CONDOMINIUM
Real estate industry leaders Related Group, ROVR Development and BH Group have officially broken ground on the sold-out District 225. Located at 225 North Miami Avenue in Downtown Miami, the 343-unit property is a new luxury condominium tower offering residents the ability to host their condos on Airbnb for any stay length (subject to applicable laws and restrictions). Completion is slated for 2024.
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DRA Advisors and CP Group Acquire Iconic Office Building 'Miami Tower' In Downtown Miami For $163.5 Million
DRA Advisors and CP Group have acquired Miami Tower, a 627,152-square-foot trophy office tower in Downtown Miami’s Central Business District for $163.5 million. Mike Davis, Dominic Montazemi, Mike McDonald, Miguel Alcivar, Rick Brugge, Rick Colon, and Adam Spies of Cushman & Wakefield represented the seller, USPO Miami, LLC, in the transaction.
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PMG and Greybrook Launch The Elser Hotel & Residences In Downtown Miami
National investment and development firm PMG, alongside Toronto-based real estate private equity firm Greybrook, have launched The Elser Hotel & Residences, a 49-story new construction luxury condominium located at 398 NE 5th St. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space.
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Kadir Tokman, Civic Construction; Edgardo Defortuna, CEO of Fortune International Group; Kasim Badak, CEO of Okan Group; Murat Gülen, Board of Directors of Okan Group; Ibrahim Fesli, Board of Directors of Okan Group; Commissioner Ken Russell; Isil Okan Gulen, Okan Group; City of Miami Mayor Francis X. Suarez; Former Prime Minister of Turkey Binali Yildrim; Bekir Okan, Chairman of the Board of Directors of Okan Group; Turkish Ambassador to the United States Murat Mercan; Ozkan Okan, Okan Group; Robert Behar, Behar Font & Partners; William J. Read, Civic Construction.
Okan Tower Anchored By Hilton Hotel Breaks Ground In Downtown Miami
Okan Tower, the new Downtown Miami megaplex, with residences anchored by a Hilton Hotel, broke ground on Friday, June 17 with all the fanfare of a major international milestone, attended by a who’s who of the business, political, civic, hospitality and real estate brokerage community. Okan Tower represents the largest Turkish investment in the United States with a design inspired by the country’s native flower, the tulip.
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Step Inside A Full Floor Penthouse At The Zaha Hadid-Designed One Thousand Museum Asking $28 Million
One of the finest penthouses in the Miami has hit the market for $28 million at the iconic One Thousand Museum which was designed by the late world-renowned architect Zaha Hadid. Penthouse 57 is a full floor masterpiece offering immaculate 360 degree views of Miami including Port Miami, Biscayne Bay, Miami Beach, the Atlantic Ocean, Brickell skyline, Sunny Isles skyline and Coral Gables skyline.
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Aria Development Group Delivers The Sold-Out YOTELPAD Miami In Downtown Miami
New York and Miami-based Aria Development Group is pleased to announce the completion of YOTELPAD Miami, a 31-story condominium and hotel in the heart of Downtown Miami. The stylish mixed-use project was the first new construction condominium in the area to offer buyers the option to rent out their units for short-term stays without restrictions.
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Block E In Downtown Miami's Arts & Entertainment District Trades For $19.75 Million
A 37,252-square-foot development site known as Block E at 1550 NE Miami Place in the heart of the Arts and Entertainment District has traded for $19.75 million. The site is located within the boundaries of the opportunity zone and is zoned T6-24a O which allows the developer to build up to seven times the property land square footage and up to 500 units per acre.
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Hyatt and Gencom Propose Arquitectonica-Designed Mixed-Use Redevelopment To Activate Downtown Miami Riverfront
Hyatt has teamed up with Miami-based luxury hospitality and residential developer Gencom, with the goal of redeveloping Downtown Miami’s iconic Hyatt Regency Miami, improving access in and out of the urban core, and activating a key piece of Miami’s riverfront. The Hyatt and Gencom venture is proposing a privately funded redevelopment that will comprise a reimagined upscale Hyatt Regency hotel.
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