The Miami-based Sabal Development has sold a modern 5-story luxury residential apartment building they recently developed on Miami Beach’s Isle of Normandy for $13.5 million. Located at 1930 Bay Drive, Miami Beach, the newly-constructed building offers stunning waterfront views of Biscayne Bay. Dora Puig of The Dora Puig Team represented the seller, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder.
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Newly Completed Fort Lauderdale Waterfront Spec Home Sells For Las Olas Isle Record $14.75 Million
South Florida’s residential real estate market is still on the rise and setting records. 6 Pelican Drive, a newly completed waterfront spec home in Fort Lauderdale, just sold for an all-time record-high sales price of $14,752,480 for a home on a canal in the Las Olas Isle Neighborhood. The contemporary home in Seven Isles offers 6 bedrooms and 5 bathrooms spread over 10,350 SF with a rare 120' of Intracoastal waterfront views.
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13th Floor and Adler Group Complete Phase 1 of Miami's Link at Douglas Transit-Oriented Development Where Coral Gables Meets Coconut Grove
A JV between Miami-based real estate developers 13th Floor Investments and Adler Group has completed the first phase of Link at Douglas, a 7-acre master planned development that has transformed Miami-Dade County’s Douglas Road Metrorail Station into a mixed-use transit hub at the confluence of Miami’s Coral Gables and Coconut Grove neighborhoods. Now complete and open to the public, the project’s first phase encompasses two residential towers with a total of 733 apartment units.
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Kobi Karp Designed Gateway at Wynwood Class A Office Complex Refinanced With $113 Million Loan
Berkadia has arranged a $113 million loan to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project designed by Kobi Karp in Miami’s Wynwood District. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan on behalf of New York-based R&B Realty, a family-owned real estate management, leasing and construction company.
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New Construction Palm Island Spec-Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island
A recently completed tropical modern spec-mansion on Miami Beach’s exclusive Palm Island has sold for a record $32 million, ringing in as the most expensive sale ever on the island. The buyer was represented by David Pullman with The Waterfront Team at ONE Sotheby's International Realty, while the seller was represented by Lourdes Alatriste with Douglas Elliman.
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The Elser Hotel & Residences Miami Closes On $80 Million In Sales In Less Than 60 Days
The Elser Hotel & Residences Miami, a 49-story new construction luxury condominium located at 398 NE 5th St., has successfully closed on $80 million in sales in less than 60 days. This immense sales volume marks the pivotal return of Latin American investment in South Florida, with 75% of sales coming primarily from Colombia, Mexico, and Chile, as well as the continued fervent demand for turnkey, new construction residences.
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Brightline Aventura Ribbon Cutting
Brightline Opens New Stations In Aventura and Boca Raton
Brightline, the only provider of modern, eco-friendly, intercity rail in America, along with its partners in Boca Raton, Aventura, celebrated the ribbon cutting of its Aventura and Boca Raton train stations. Congressman Carlos Gimenez and Mayors Daniella Levine Cava, Scott Singer and Howard Weinburg were joined by Brightline executives to officially launch the highly-anticipated new stations. The first day of service for Boca Raton and Aventura is December 21, 2022.
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Club Studio
Club Studio, Earls Kitchen + Bar, and Luli Fama To Join Dynamic Shopping and Dining Collection Coming to Miami Worldcenter
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap.
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Miami Worldcenter Delivers 80,000 SF 'Jewel Box' Retail Building In Downtown Miami
The developers of Miami Worldcenter have completed another 80,000 square feet of lifestyle-driven retail space. The stand-alone building, known as Block F-East, marks one of the final retail components of the 27-acre project to be delivered as active vertical development continues at the $4 billion mixed-use development in the heart of Downtown Miami.
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FIVE PARK UNVEILS PLANS FOR FIRST RESIDENTS-ONLY MEMBERS CLUB
Terra and GFO Investment’s Five Park, the newest luxury residential tower rising in Miami Beach, reveals plans for the first residents-only, fully serviced social club within a luxury condominium. The Canopy Club features a social amenity package rooted in cultural programming, wellness and elevated culinary offerings.
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