Developers The Related Group and Dezer Development announced today the payoff of a $315 million construction loan to Wells Fargo for Residences by Armani/Casa. The 308-unit tower located on the sands of Sunny Isles Beach celebrates the legendary vision of interior design firm Armani/Casa, led by the famed Giorgio Armani; architecture firm Pelli Clarke Pelli, founded by the late César Pelli.
Read MorePROFILE Exclusive: First Look at Location Ventures New Renderings of Villa Valencia Entertainment Spaces
Villa Valencia developer Location Ventures, led by CEO Rishi Kapoor, has just released brand new renderings of the boutique project in a PROFILE exclusive. The images reveal the building’s entertainment spaces, designed to promote community and foster relationships, offering a neighborhood feel to condo living. New images include the luxe lounge & terrace, movie theatre and outdoor cucina with sweeping city views.
Recently, Villa Valencia completed $10 million in sales at record-breaking prices for the area. The project broke ground in June 2019 and will feature 39 ultra-luxury, estate-sized residences once completed. The building includes units that range from three-to five-bedrooms, spanning 2,616 to 4,267 square feet, and several penthouses. Each of the penthouses will have a private plunge pool, while every home will have deep terraces and at least one corner exposure, offering views of the city skyline and golf course.
The 13-story development is keen on presenting a refined, modern living experience that is centered on wellness. It is the first U.S. condominium to partner with Delos to offer its DARWIN Home Wellness intelligence network, which uses innovation to bring the best of natural outdoor conditions, inside. Kapoor says, "One of our core philosophies is wellness. And at Villa Valencia, we believe that the buyer sees health as the ultimate wealth, leading them to strive for a daily environment that is as healthy as their lifestyle. By providing wellness enhancing features such as air purification, circadian lighting, and water filtration through DARWIN by Delos in every residence, we are taking a stake in the expanding welltech industry to create real estate that is better for residents and fits with their day-to-day philosophies."
In addition to the entertainment spaces, a complete amenities program will include a hammam, steam room, hydrotherapy plunge pools, his-and-her saunas, 78-foot resort-style pool with a lap lane and waterfall that is complemented by two summer kitchens and spacious sunbeds, tea room, lively entertainment room with billiards, as well as golf and driving simulators in addition to a state-of-the-art fitness center.
Villa Valencia residences start from $1.65 million.
By Stephanie Warren
57 Ocean Reveals $35 Million Penthouse Designed By Sofia Joelsson Design
Multiplan Real Estate Asset Management, developer of 57 Ocean, the ultra-high-end, 18-story boutique condominium on Miami Beach’s Millionaire’s Row, has revealed the project’s new $35 million full-floor penthouse.
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Read MoreStep Inside A Tropical Modern Paradise in Boca Raton Asking $19.75 Million
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Fortune International Group has announced the $6.6 million sale of a turnkey residence in the developer’s award-winning Jade Signature condominium tower in Sunny Isles Beach. The transaction of the contemporary retreat, No. 4801, which was furnished by revered interior designer Luxury Living Group, is the latest in a string of recent sales at the property.
Read MoreCheck Out This Recently Listed Uber-Lux Home Designed By CLF Architects Asking $18.9 Million
Allison Island is home to some of the nicest waterfront estates in Miami Beach, nestled equidistant between Bal Harbour and Sunset Harbor. The new construction elegant estate sits on half an acre of primely positioned Miami Beach property on a gated island home to just 49 waterfront houses.
Read MoreDezer Development & Related Group Complete Residences by Armani/ Casa In Sunny Isles Beach
Dezer Properties and Related Group have completed the 56-story Residences by Armani/ Casa in Sunny Isles Beach and closings are now underway. The Residences by Armani/ Casa offers 308 luxury condo units with total sales valued at over $1 billion.
Read MorePenthouse At Multiplan Real Estate Asset Management's 57 Ocean Sells For $10.9 Million To Buyer From New York
Marcelo Kingston, Managing Partner of Multiplan Real Asset Management, developer of 57 Ocean, has announced the sale of Penthouse 2 at the Arquitectonica-designed boutique oceanfront condominium nestled along Miami’s original Millionaire’s Row.
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