SHVO, the ultra-luxury real estate development and investment firm led by Michael Shvo, has secured $190 million in new financing for The Raleigh Hotel & Residences, Miami Beach, a significant milestone in the next chapter of the iconic art-deco storied property. The loan, provided by BH3 Debt Opportunity Fund II, L.P. led by BH3 Management through its opportunistic credit platform, closed earlier this week. Construction is well underway and the property is on-track to open in 2026.
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First Penthouse At Cipriani Residences Miami Sells Just Weeks After Hitting Market For $16.2 Million
The first of six penthouses at Cipriani Residences Miami, the Cipriani brand’s first-ever ground-up residential tower in the nation which is being developed by Mast Capital, has sold just weeks after hitting the market for $16.2 million. Penthouse 1 is an impressive four-bedroom home with 9,221 SF of combined indoor and outdoor space. Listed at $16.2 million, translating to a record-breaking $3,333 PSF, the penthouse emulates the prestige of the Cipriani brand.
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Alex Witkoff of Witkoff Group and Shore Club Private Collection (Photo by Glen Allsop, Rendering via The Boundary)
Witkoff Group and Monroe Capital Close On Record-Breaking Loan For Shore Club Private Collection
Witkoff Group, a Miami-based development and investment firm, and Monroe Capital, a premier asset management firm, have closed on a $430 million construction loan for Shore Club Private Collection, which is on track to be one of the fastest-selling luxury developments in Miami Beach’s history. Financed by J.P. Morgan, the loan is believed to be the largest for a residential construction project in South Florida.
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Rendering via Binyan Studio
Honoring Tradition, Defining the Future: The St. Regis Residences, Miami
The St. Regis New York, founded by the visionary John Jacob Astor IV in 1904, played a pivotal role in the evolution of New York City’s Fifth Avenue. Rising as the tallest structure of its time, this architectural masterpiece not only reshaped Manhattan’s skyline, but also served as a pioneering model for innovation and excellence that revolutionized the hospitality industry.
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Step Inside A Contemporary Waterfront Estate In Boca Raton's Prestigious 'The Sanctuary' Community Asking $16 Million
A newly constructed contemporary waterfront estate located in Boca Raton’s prestigious community, The Sanctuary, has listed for $16 million. The brand-new residence offers a bright and cheerful Southern Exposure, bathing the home in natural light, as well as captivating 30 ft ceilings at the entry, creating magnificent art walls, a blank canvas for any art enthusiast.
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Venetian Islands Waterfront Contemporary Spec Home 'Villa Marco' Hits Market For $23.9 Million
Villa Marco, a masterfully crafted waterfront residence developed by renowned local builder, Sabal Development, on Miami’s exclusive Venetian Islands has hit the market for $23.9 million. The property is a true testament to exquisite design capturing breathtaking bay views and natural light. Villa Marco is located on San Marco Island at 1369 North Venetian Way.
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Black Lion's Robert Rivani Lists Penthouse at The Ritz-Carlton Residences, Miami Beach For $8.8 Million
Real estate investor Robert Rivani of Black Lion has listed his penthouse at The Ritz-Carlton Residences, Miami Beach for $8.8 million with Dina Goldentayer of Douglas Elliman. Rivani acquired the penthouse in May 2022 for $7.5 million. The listing comes on the heels of selling his ground floor restaurant space at One Thousand Museum for $7.9 million which he acquired in October 2022 for $6.4 million.
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FIRST ON PROFILE: Dubai-Based Developer DAMAC International Submits Pair Of Zaha Hadid Architect's Preliminary Designs For Surfside Development Site
FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer led by Hussain Sajwani, it has submitted its application for planning approval to the Town of Surfside, incorporating Zaha Hadid Architects’ (ZHA) stunning design. Zaha Hadid Architects has produced a pair of design variations for a 12-story ultra-luxury boutique oceanfront condominium with 57 residences at 8777 Collins Avenue.
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Cipriani Residences Miami Reveals First Look At Exclusive, Record-Setting Canaletto Collection
Soaring 80 stories above Miami’s Brickell neighborhood and Biscayne Bay, Cipriani Residences Miami, the luxury hospitality brand’s first-ever ground-up development in the U.S., has revealed a first look at the Canaletto Collection, an exclusive assemblage of ultra-luxury residences and penthouses on the top 18 floors of the tower. This limited 70-home collection represents Brickell’s highest level of luxury, featuring sweeping views stretching from the Miami city skyline to the Bay toward Miami Beach, and sets a new price-per-square-foot record in the area.
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Miami Heat Star Victor Oladipo Lists Hibiscus Island Contemporary For $10 Million Amidst NBA Finals
Amidst being locked in a battle for the NBA Finals, Miami Heat all-star player Victor Oladipo has listed his Hibiscus Island home in Miami Beach home for nearly $10 million. The home is situated on an expansive corner lot within the prestigious guard-gated Hibiscus Island in Miami Beach. Unlike typical lots on the island, this property encompasses one and a half lots, offering a larger land size and an impressively spacious home.
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