Verzasca Group's 2000 Biscayne Approved to Change to Apartment Rentals

The Miami Urban Development Review Board has approved Verzasca Group's 2000 Biscayne change from condominium to apartment rentals. The 36-story, 200,000 SF building is being designed by Dorsky + Yue International Architecture and features 393 residential units ranging from studio to 3 bedrooms. The project still needs to be approved by Miami's Planning & Zoning Department.

Miami Beach Sunset Island Home Listed by EWM Realty International Selected as Finalist in HGTV's Ultimate House Hunters

2821 Lucerne Ave., listed by EWM Realty International sales associate David Solomon represents a property selected as a finalist in the 2017 HGTV Ultimate House Hunt, a month-long online promotion being held on HGTV.com from June 13 through July 18. During the contest period, consumers vote for their favorite homes among 64 finalists in eight different categories. The listing was selected by editors of HGTV.com as a finalist in the Modern Masterpieces category, based on its extraordinary features and inspirational design, captured by striking photography.

“We have so many beautiful and unique homes across South Florida, and we are glad that one of our modern manses in Miami Beach was selected” said Ron Shuffield of EWM Realty International.

2821 Lucerne Avenue is located on Sunset Island #1. The turnkey home is 5,200 SF featuring 6 bedrooms and 7.5 bathrooms. The home has 5 guest suites, a large master bedroom, staff quarters, art walls for the art lover and a beautifully crafted chef’s kitchen. Lush landscaping throughout the residence offers a calm and tranquil vibe to the living spaces with a tropical lifestyle. Sliding floor-to-ceiling glass optimizes year round living and the ability to blend indoor/outdoor entertainment and living spaces. 2821 Lucerne Ave. is currently listed for $5,999,999 with David Solomon of EWM Realty International. Enjoy the photo tour below.  

Tour the W South Beach Penthouse That Just Set The Bar For 2017 Condo Sales

A penthouse at W South Beach just sold for $10.2 million, setting the bar for 2017 condo sales as the highest sale per square foot this year (2017) at $3,502 SF. The residence is 3 bedrooms and 3 bathrooms spread over 2,912 SF with an additional 3,000 SF of outdoor space. The Yabu Pushelberg designed unit features quartz counters, marble bathrooms, Creston smark home system and Lutorn lighting. Outdoors the unit also features a private lap pool, hot tub and lounge area overlooking the beach. The unit was listed with Farid Moussallem and Miltiadis Kastanis of the Miami Lifestyle Team at Compass for $15 million and the buyer was represented by Luis Gonell of Engel & Voelkers. Enjoy the photo tour below.

Coconut Grove Townhome Complete with Private Dock Closes at Record Price Per Square Foot

A 2 bedroom, 3.5 bathroom residence that spans 1,870 SF and features sweeping views of Biscayne Bay has set a new record for closed sale townhomes in Coconut Grove. Located at 3570 W. Fairview Street. #A6, the 3-story waterfront villa closed for $1,625,000, or $869 SF, marking the sale as the highest price per square foot townhome ever sold in Coconut Grove. The prpoerty includes a stunning waterfall quartz custom island bar, high-tech home automation system, and a detailed design throughout including an array of Italian porcelain tile, Brazilian cherry wood floors, and forest salvaged tapped maple wood accents. The home also comes with its own boat slip for immediate access to deep waters without any bridges in the way. The property was listed with Douglas Elliman's Sari Libbin along with team members, Dan Hechtkopf and Diego Palomo of The Hechtkopf Group.

Real Madrid to Open First Real Madrid Café in United States in Met Square

Real Madrid will open their first Real Madrid Café in the United States in Met Square. The restaurant will cover 12,000 SF over two stories, a 4,000 SF ground level and an 8,000 SF second level. It will feature a restaurant, bar, Real Madrid merchandise store and a VIP lounge. Real Madrid Café is expected to open in early 2018. Met Square is the final phase of Metropolitan Miami which includes the residential towers Met 1, Met3 and Avant, along with the Wells Fargo Center known as Met 2, JW Marriott Marquis Miami and Hotel Beaux Arts Miami. Met Square will also feature Silverspot Cinema. 

Tour the Stunning Setai Unit With Views of Atlantic Ocean and Downtown Miami's Skyline That Sold for $5.5 Million

Unit 2802 in the Setai has sold for $5.5 million and the unit is absolutely stunning. The unit is 3 bedrooms, 3.5 bathrooms and covers 2,354 SF. The unit is a rare combination unit which has views that face southwest and southeast, allowing for unique views of the Atlantic Ocean, Miami Beach skyline and Downtown Miami skylines alike. The Setai is a 5-stary, 40-story, glass, beachfront hotel tower with 3 oceanfront pools, beach services, oceanfront grill, 24 hour room service, gym, concierge and full service spa. 101 20th Street Unit 2802 Miami Beach was listed by Eloy Carmenate and Mick Duchon of Douglas Elliman’s Carmenate + Duchon Residential Group. Carmenate and Duchon are no strangers to the ultra-high net worth buyer. They oversee a $300 million portfolio and specialize in top-end luxury homes with architectural significance. Recently adopting a new name, Carmenate + Duchon Residential, the duo have closed on over $70 million worth of deals just this year alone.

Construction Update: New Renderings of SLS LUX Yabu Pushelberg-Designed Spaces Include Lobby & Katsuya

SLS LUX is cruising towards completion as construction is just about done and is expected to wrap up this winter (winter 2017/18). They have released new renderings that include the Yabu Pushelberg-designed lobby, lush 9th floor garden, dramatic entrance and Katsuya by sbe. SLS LUX is a collaboration between The Allen Morris Company, Related Group and SBE Group. SLS LUX will be a five-star experience with world-class amenities and personalized VIP service. SLS LUX will be a 58-story tower designed by Arquitectonica with a unique LED façade by lighting artist Ana Isabel Martinez. It will feature 450 residences and 85 luxury suites designed by Yabu Pushelberg complete with world-class art. SLS LUX will include private elevators, a wine cellar and cigar room, a rock climbing wall, limousine services to a private beach club, and two ground floor dining experiences, Katsuya and Sbar. The condo/hotel is located right down the street from SLS Brickell Hotel & Residences, and is the more elevated series from the SLS Hotels & Residences brand.

Fortune International Group & Rialto Announce Launch of Vaster Capital to Help Foreign Nationals Close on Pre-Construction Condo Units

Fortune International Group & Rialto have announced the launch of Vaster Capital, a private bridge lender specializing in residential and commercial real estate. The goal of the company will be to fill a void in the marketplace for South Florida real estate investors seeking bridge loan products, including foreign nationals. Vaster Capital will have a major impact helping foreign nationals close on pre-construction condo units in which they are in with a 50% deposit. Fortune International Group (Fortune) is a Miami based real estate development company behind iconic towers such as Jade Signature, The Ritz-Carlton Residences, Sunny Isles Beach, and Auberge Beach Residences and Spa Fort Lauderdale; Rialto Capital Management is a Miami based real estate investment and asset management firm, which invests and manages assets throughout the capital structure in real estate properties, loans and securities, boasts a deep-rooted background in institutional lending and financial services. Vaster Capital has the ability to close loans much faster when compared to other lenders due to less bureaucracy and the use of technology. The firm plans to lend a substantial amount of capital in South Florida, with a goal to expand geographically in the near future. Vaster Capital has also formed a joint-venture with the Related Group, known as Vaster Capital II, to provide financing for buyers purchasing at Related’s portfolio of projects such as Paraiso Bay, Brickell Heights, Hyde Midtown, and SLS Lux. 

“Our goal has been to satisfy a long-standing gap within our marketplace, providing professional and customized bridge lending products while better servicing the Miami real estate investor,” said Edgardo Defortuna, President and CEO of Fortune International Group & founder of Vaster Capital. “This is a need I have always sought to address, appreciating that numerous buyers – both in the U.S. and beyond -- are interested in buying and selling real estate offerings in Miami, but do not have access to customized loan offerings that meet their specific needs.”

“Given both Rialto and Fortune’s knowledge of the real estate industry, along with Rialto’s extensive experience in real estate lending, Vaster Capital is structured to become an important lender in South Florida as well as other key markets, allowing borrowers to accomplish their financing needs through a seamless and efficient process,” said Eric Feder, Vice Chairman of Rialto Capital Management.

Featured Listing: Tour the Newly Unveiled Penthouse 1612 of 1 Hotel & Homes Designed by Artefacto

1 Hotel & Homes unveiled Penthouse 1612 yesterday (June '17) designed by Brazilian design-house Artefacto. The oceanfront penthouse spans 2,810 SF Over 3 bedrooms plus den and 3.5 bathrooms. The unit features a spacious balcony that accentuates the residence’s stunning ocean views and is designed to invite ocean breezes and sunlight into every room. Aguiar’s nature inspired aesthetic and airy interiors epitomizes soothing and splendid living. Penthouse 1612 is listed for $6,195,000 by Douglas Elliman Development Marketing. Enjoy the photo tour below. 

Skyrise Releases New Renderings, Nears Completion of Wind-Tunnel Tests

Skyrise has completed their wind-tunnel testing and have released new renderings of the project as they near the potential groundbreaking. The new renderings show greater detail of the proposed attractions including bungee jumping and a stunning observation deck. The entertainment and observation tower is being designed by Arquitectonica and under development by Berkowitz Development Group.