Fortune International Group and Château Group, joint developers of The Ritz-Carlton Residences, Sunny Isles Beach, have paid off a $212 million construction loan on the newly opened condominium tower. The developers received the loan from Bank OZK in September 2016.
Read MoreCheck Out Kobi Karp's Newly Listed Waterfront Home On Allison Island Asking $7.999 Million
Kobi Karp and Nancy Karp, leaders of one of South Florida’s most prolific architecture firms, Kobi Karp Architecture & Interior Design, have listed their Allison Island home for $7,999,000 with Dina Goldentayer and Cyril Matz of Douglas Elliman.
Read MoreKen Griffin Locks Down $49 Million Mortgage For $350 Million Palm Beach Assemblage
The multi-billionaire hedge fund magnate Ken Griffin, who founded the Chicago-based Citadel Securities, has locked down a $49 million mortgage from Citibank at 60 Blossom Way in Palm Beach. The loan was arranged by Providencia Partners. Griffin originally purchased the 18,452 SF mansion, which was built in 2008 and sits on 3.6 acres, in September 2019 in cash from real estate investor Frank McCourt.
Read MoreDouglas Elliman Releases Q1 2020 South Florida Market Reports
Douglas Elliman has just released their Q1 2020 Market Reports in South Florida. It reveals noticeably stronger results for listing inventory growth in the first two and a half months of the quarter until market awareness of COVID-19 occurred in mid-March, which slowed growth across South Florida in areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland.
Read MoreTour This Lavish Lantana Waterfront Estate On The Intracoastal Asking $15.95 Million
A lavish Intracoastal waterfront estate in Lantana, FL, located in Palm Beach County, has hit the market for $15.95 million. Famed architect Roger Patton Janssen, from Dailey Janssen Architects, designed the astounding estate which is nestled on 1.5 acres between the Intracoastal Waterway and the Atlantic Ocean.
Read MoreBeauty & Fashion Entrepreneur Loren Ridinger Purchases Residence at Two Roads Development's Elysee in Edgewater
Internet beauty and fashion mogul Loren Ridinger, co-founder and senior executive vice president of Market America and founder of the cosmetics brand Motives, has purchased a new condo at Elysee. The three-tiered, 57-story luxury building in Miami’s Edgewater district was designed by Arquitectonica’s Bernardo Fort-Brescia and boasts elegant interior spaces from Parisian designer Jean-Louis Deniot.
Read MoreDavid Beckham purchases $20 million condo at One Thousand Museum in Downtown Miami
Former soccer player David Beckham and his wife Victoria Beckham have just recently purchased a new condo at the Zaha Hadid-designed One Thousand Museum, a 62-story building complete with its own private rooftop helipad. This will be their new home in Miami.
One Thousand Museum is located at 1000 Biscayne Boulevard in Downtown Miami and officially opened in August 2019. David Beckham’s publishing and licensing company, Beckham Brand Limited, closed on the 11,046 square-foot, full-floor penthouse - one of the ten in the building - this Tuesday for $20 million, or $1,810 per square foot, a price that is much higher than the $1,392 per square foot that another penthouse in the building recently closed.
Robert Hite, a real estate agent at ONE Sotheby’s International Realty, brokered the deal.
“Iconic design, sophisticated lifestyle, privacy, and security are among the key factors driving our clients to make One Thousand Museum their Miami base,” said the development team of One Thousand Museum. “We know Mr. Beckham and his team will be very happy here.”
The Beckhams and their four children will have access to the luxe lifestyle and exclusive amenities offered by One Thousand Museum, including an indoor lap pool, a Spa with relaxation pods and private treatment rooms, a private Beach Club, a house car service, a 1KM wellness center, and a Sky Lounge with curated seasonal menus.
“With the launch of Inter Miami CF, David and his team are spending significant amounts of time in Miami. One Thousand Museum is a very special building and we are excited to join the community there,” said a spokesperson for David Beckham.
By Isabella Zimmermann
Apparel Industry Icon Gerard Guez Purchases Unit at Arte by Antonio Citterio For $11,480,000
An Israel- and New York-based luxury real estate development firm SC 8955 LLC, a subsidiary of Sapir Corp Ltd., announced that Gerard Guez and his wife Jacqueline Rose will purchase unit 601 on the 6th floor of the oceanfront boutique condominium, Arte by Antonio Citterio.
Read MorePalazzo Della Luna On Fisher Island Reveals $9 Million Residence Designed by Champalimaud
Fisher Island’s Palazzo Della Luna has revealed a lavish, $9 million penthouse designed by the New York-based, internationally-acclaimed interior design firm Champalimaud. Palazzo Della Luna is a 50-residence, 10-story boutique development located on the private Fisher Island which his consistently ranked as one the wealthiest zip code in the U.S.
Read MoreTwo Roads Development & Alpha Blue Ventures Launch The Arquitectonica-Designed Forté In West Palm Beach
A development partnership between Two Roads Development and Alpha Blue Ventures has launched Forté, a boutique luxury waterfront condo project, coming to West Palm Beach. Forté will be located on Flagler Drive and Douglas Elliman Development Marketing will be the project’s exclusive sales and marketing brokerage.
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