Four Seasons Private Residences Fort Lauderdale, the first five-star development in Fort Lauderdale, just listed a record-breaking $35 million penthouse. The asking price would more than triple the priciest condo sale ever recorded in the city. Branded "SkyHome," the $35 million five-bedroom, six-bathroom penthouse residence spans nearly 19,000 SF of interior and exterior space.
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PEOPLE TO WATCH: Meet Our Panelist Ryan Shear, Managing Partner of PMG
Join us on March 5th at X Miami for People to Watch: Leaders in South Florida Real Estate, where Ryan Shear will be discussing how PMG stays innovative with creative housing solutions, how declining ownership is affecting the multifamily market and how he plans to build projects that will withstand the tests of time.
The developer currently has more than 5,000 units in the pipeline, including their largest multi-family project to date with over 900 beds. In December, PMG announced their latest concept, Society, the natural evolution of X Social Communities, as a response to the insatiable demand for attainably-priced, downtown rental communities. The new brand will debut with downtown mega-projects Society Las Olas (formerly X Las Olas) in Fort Lauderdale, Society Biscayne (formerly 400 Biscayne Boulevard) and Society Wynwood in Miami.
Society is aimed at a broader demographic, unlike X, which is geared towards millennial. Only about 30% of Society buildings will be dedicated to co-living options, as opposed to 35% - 40% in X buildings.
Society Las Olas in Fort Lauderdale.
Co-living has been an enticing model for residents, investors and developers alike, as urban cores continue to become saturated and the demand for housing skyrockets. Following the success of X Miami, the fastest building in Downtown Miami to lease up, PMG took lessons they learned from X Social Communities and augmented them. Society will focus more on community inclusivity and expanding their finish and furnish options, while also adding to the immersive and experiential aspects of the building.
As a managing partner of PMG, Shear is responsible for general company operations, vision and growth. For nearly 15 years, Shear has played an instrumental role in the company’s success in Miami and beyond. He currently manages a growing portfolio of over $4 billion in real estate assets across the country. Completed condo projects spearheaded by Shear include Echo Aventura, Echo Brickell and Muse Residences in Sunny Isles. In 2018, Shear announced PMG will be bringing The Waldorf Astoria Residences to Miami in 2020.
The group recently opened X Miami, a 464-unit multifamily social community pioneering the “Rent By Bedroom” model for Class A luxury apartments in the urban core, which became the fastest building to lease in Downtown Miami. PMG will continue to expand this multifamily model nationally under Shear's direction. A native of Miami’s Coconut Grove and alumnus of Emory University's Goizueta School of Business, Shear lives in Brickell with his dog Larry and enjoys pico de gallo with every meal.
Hear from Ryan on March 5th at People to Watch: Leaders in South Florida Real Estate. Get your tickets below.
Event Page: http://profilemiamire.com/profilemiami-presents-people-to-watch-leaders-in-south-florida-real-estate-x-miami
Society Biscayne in Downtown Miami.
By Katya Demina
Rannan Katz's RK Associates Proposes R.K. Center Mega-Project in Fort Lauderdale
Rennan Katz’s RK Associates has proposed R.K. Center, a 5-tower mega-project in Fort Lauderdale. The proposal would replace a former Sears and is currently being reviewed by Fort Lauderdale’s Design Review Committee. R.K. Center would feature restaurants and street front retail along with 5 mixed-use towers featuring office space, retail, hotel and residential apartments.
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Check Out This Frank Lloyd Wright Inspired Waterfront Home In Fort Lauderdale Asking $5 Million
A luxurious waterfront property inspired by the iconic Frank Lloyd Wright has hit the market in Fort Lauderdale for $5 million. The home features a 1,500 SF master suite with an expansive waterfront balcony. Additionally the The 5 bedroom, 5.5 bathroom home offers an indoor gym, office, a dining room and living room with ocean views, chef’s kitchen and wine room with tasting table.
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Douglas Elliman Releases Q1 2019 Market Reports For South Florida
Douglas Elliman released their Q1 2019 Market Reports in South Florida.The South Florida Market reports showed price trends generally edging higher, although sales slipped and inventory slightly increased this quarter. The markets included Miami Beach and Barrier Islands,Fort Lauderdale , Boca Raton, Highland Beach, Delray Beach, Wellington, Palm Beach, Jupiter, and Palm Beach Gardens.
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Bill Thompson, Nadim Ashi, Tom Murphy, Tom C. & Sean Murphy, & Ramzi Achi
Four Seasons Hotel & Private Residences Fort Lauderdale Tabs Coastal Construction As General Contractor
Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project.
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Mast Capital Acquires The Quay Mixed-Use Shopping Center In Fort Lauderdale For $43 Million
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Tour An Ultra-Luxe $11.9 Million Fort Lauderdale Estate Complete With A Million Dollar Kitchen
Fort Lauderdale is home to some of the United State’s finest waterfront estates and 709 Idlewyld Drive raises the bar when it comes to luxury living. Located in Fort Lauderdale's prestigious Idlewyld neighborhood, the immaculate home offers an idyllic setting, panoramic views of the Intracoastal Waterway and easy ocean access by yacht.
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