G&G Business Developments has filed a Notice of Commencement with the county to break ground on Aston Martin Residences. Aston Martin Residences will rise 66 stories and features 391 units, designed by Revuelta Architecture and Bodas Mian Anger. The tower's interiors will feature lighting and handmade detail based on the car in addition to hand-adorned residence door numbers from the same jewelers that place the logo on the hood of Aston Martin cars. The building will features floor-to-ceiling glass with no visible concrete, including glass encased support beams. Units start at $500,000 and range up to $7,000,000 for the "River and Panoramic Residences" part of the building and $14,000,000 to $35,000,000 for the "Penthouses." The ultimate unit will be a triplex penthouse that comes complete with a private pool, helipad and Aston Martin Vulcan. Amenities include 42,000 SF “Sky Amenity” deck which features a state-of-the-art fitness center, golf simulator, multiple theaters, and a curated art gallery.
Midtown Continues to Expand as Magellan Development Closes on $110 Million Construction Loan for Midtown 6
Midtown Miami is continuing to expand as Magellan Development Group and an entity linked to Alex Vadia has closed on a $110 million construction loan for the proposed rental tower. The project, which is now ready to break ground, will rise 32 stories and was designed by BKL Architecture. Midtown 6 will feature 447 rental apartment units, 601 parking spaces and 40,000 SF of ground floor retail. Magellan also devleoped Midtown 5 which opened earlier this year as well as has proposed Midtown 7.
Construction Update: Brickell Keeps Rolling as Key International & 13th Floor Investments' 1010 Brickell Receives TCO
1010 Brickell, which was developed by Key International and 13th Floor Investments with Moss & Associates is the contractor of record, has received their TCO. The project was designed by Sieger Suarez and rises 50 stories and is 99% sold of its 352 condo units which range in size from 850 SF - 1,922 SF. Units feature 9' high ceilings, 11' deep balconies. Amenities include "The Club at 1010" a 2-story amenity space which features a heated pool, retractable glass walls, game room with bowling, ping pong and air-hockey; a fitness center with half-court basketball, mini-tennis, soccer, volleyball, a spa and spa with a hammam Turkish bath and steam rooms with hot and cold plunge pools and treatment areas. There is also a rooftop deck that features a lap current pool, treetop restaurant/ lounge and an outdoor movie theater. 1010 Brickell is located at 10th Street and SE 1st Ave. Closings are expected to begin in September (2017).
Terra Unveils Venus Williams' V STARR Interiors at the New Clubhouses at Modern Doral
Terra has chosen V STARR Interiors, owned by tennis icon and entrepreneur, Venus Williams, to design the clubhouses for Modern Doral. Modern Doral is a gated residential complex composed of three subdivisions located in Doral, Florida. V STARR Interiors designed three 2-story clubhouses, one for each subdivision, which start at 3,500 SF. The layouts for each clubhouse are different, yet share the same clean, open design, with standout furniture like a custom bookcase by RTI, a Fusion pool table, custom lighting, meeting areas, a fully-equipped fitness center, library, business center with media room and kitchenette, a swimming pool, spa, sun deck, BBQ gazebo areas, and spectacular lake views and bicycle trails.
“Our interiors are a modern representation of quintessential mid-century Miami and boast sculptural lighting, fun artwork and pops of color with cool open floor plans,” explains Venus Williams, CEO of V Starr Interiors. “These are family communities, so we have kids’ rooms in the club homes, which is distinct from past projects; there are Lego walls and custom murals by Jeffrey Noble that maintain the modern feeling.”
Developed by South Florida-based Terra, the unique master-planned community consists of 319 single-family luxury homes and approximately 150,000 SF of retail space featuring fine dining, eclectic shopping, and recreational environments. Construction of Modern Doral is well-underway and expected to be completed later this year (2017).
“When much of the world looks at South Florida real estate, they see high-rise condos, but this market is home to a range of product types catering to a diverse buyer base," explains Terra President and Co-Founder David Martin. "The sales success we've experienced at Modern Doral is a real-world example of the growing demand for design-oriented homes in desirable communities."
Luis Lamar, Anna Caruso, Susan Imbrigiotta, Larry Kibler, Ricardo Tabet, Mayor Tomas Regalado, Francis Suarez, & Wilfredo Gor
Optimum Group Hosts Groundbreaking Ceremony for “The Optimum,” Their New Coconut Grove Office Tower
Optimum Group, a global real estate investor and leading developer, hosted a formal groundbreaking ceremony and champagne reception to celebrate the construction commencement of The Optimum, a new class A office tower in Coconut Grove. Mayor Tomás Pedro Regalado spoke briefly on Coconut Grove’s rich history and Optimum’s commitment to enhance the neighborhood’s revitalization as well as company’s ongoing contribution to evolve South Florida communities and growing businesses.
“As the first new Class A office building in over 25 years that fulfills the much-needed commercial and retail component in the center of one of Miami’s most historic community, ‘The Optimum’ is our response for those who are looking to live, work and play in the neighborhood,” said Ricardo Tabet, ceo of Optimum Group. “The space will not only complement The Groves’ lush landscaping and understated aesthetic, but will contribute to the neighborhood’s electrifying renaissance.”
The Optimum is a 5-story, class A office tower in the heart of the Grove. The Optimum is being designed by Arquitectonica, who took cues from Coconut Grove lush folliage including raking the buildings’ facades in natural cement and wood to blend seamlessly into Coconut Grove. The development will entail 44,000 SF of office space and 6,500 SF of ground floor restaurant space which is expected to feature a high-end restaurant along with a rooftop lounge that offers dramatic, panoramic views of Biscayne Bay. Optimum Development USA paid $8.5 million for the assemblage in 2014 and has since taken a $21.5 million loan on the property. The Optimum is located at 3480 Main Highway in Coconut Grove and is expected to be completed by 2018 with occupancy in just 16 months.
Francisco Suarez, Ricardo Tabet, Mayor Tomas Regalado & Wilfredo Gort
Charles Khabouth, Danny Soberano, Francisco Suarez, Raquel Regalado, Wilfredo Gort, Ricardo Tabet, & Mayor Tomas Regalado
Ricardo Tabet
Francis Suarez, Raquel Regalado, Wilfredo Gort, Ricardo Tabet, Mayor Tomas Regalado, Anna Caruso, & Igor Jozsa
Thomas Kramer Loses 5 Star Island in Court Ordered Auction for $40 Million
Verena von Mitschke-Collande and Claudia Miller-Otto have won 4 and 5 Star Island from Thomas Kramer via court-ordered auction. Kramer played an integral role in the redevelopment of South Beach including Portofino Tower before he lost a $90 million settlement in Swiss Courts in 2003 in a legal battle that has continued to play out for decades. 5 Star Island is an elaborate party mansion that spans 13 bedrooms, 12 full bathrooms over the entire 2 acre property. The main house is a 3 bedroom 4 bathroom party manse with stripper poles on the dining room table, 10,000 bottle wine cellar, exotic and eccentric design throughout, gym, 8 car garage, separate private office space, views of the Miami Skyline, party ready pool, 200' of waterfront docking for a yacht, and is rumored to have even have a missile silo built in. In recent years 5 Star Island has been used for a number of business ventures including events and for rent offered by Douglas Elliman.
Photos via Douglas Elliman
"The Beach House," Sunny Isles Beach's Regalia's Penthouse Hits Market for $39 Million, Complete with $500,000 Pink Diamond
The Beach House, the penthouse at Sunny Isles Beach's ultra-private condo tower, Regalia, has hit the market for $39 million after the developer held it for the past 3 years. The price-tag supplants the penthouse as the current most expensive condo listing in Sunny Isles Beach. Starting on the 46th floor, the 2-story, Charles Allem designed unit encompasses 16,805 SF over 6 bedrooms, 6 full bathrooms and 2 powder rooms. The unit features a rooftop pool bath, private spa with a Calcutta Gold stone steam room and hydrotherapy, 1,000 bottle wine cellar, movie theater, formal dining room, chef's kitchen, 360-degree rooftop terrace with private pool, summer kitchen, sky bar with retractable roof, and a $500,000 pink diamond. Regalia is an ultra-luxury condo tower that provides residents with 24/7 personalized hospitality and state-of-the-art amenities including a spa, children’s playhouse, fitness center and yoga studio.
Construction Update: Mast Capital's Rene Gonzalez Designed Louver House Officially Completes in South of Fifth
Mast Capital has completed their first luxury condo development, South-of-Fifth's Louver House. Designed by award-winning Miami-based architect Rene Gonzalez, the 4-story building features 12 residences which pay homage to the rich history of Meridian Avenue. Gonzalez started by preserving the memory of a historic Belvedere bungalow that was once on the Louver House site by creating a louvered bungalow that will be the focal point of the entrance. Mast Capital also brought on artist Michele Oka Doner to create artwork that will hang in the lobby area. The space will be draped with plants from landscape architect Savino & Miller. Only 4 residences remain for sale. Louver House will commence closings mid-August. Buyers, who are predominantly end-users, can now move in and start enjoying their large, landscaped terraces; proximity to the beach; the property’s beach concierge service as well as its neighboring shops and restaurants. Remaining residences start at $2.5 million to $3.1 million. Sales and marketing for the Louver House are exclusively handled by ONE Sotheby’s International Realty.
“We’re excited to finally present Louver House because it has all the key elements buyers are looking for in today’s luxury residential real estate market,” says Camilo Miguel Jr., CEO of Mast Capital. “To us, luxury is about amazing finishes, expansive spaces and the ability to enjoy a sense of privacy. This building offers a unique lifestyle that places residents in one of Miami Beach’s most exciting neighborhoods, but because of its small scale, also serves as an exclusive, family-friendly enclave.”
“The architectural design for Louver House has everything to do with the beauty of the building’s surroundings; we wanted to create a substantial and substantive piece of architecture that pays deference to its environment and urban condition,” says architect Rene Gonzalez.
Residences by Armani/Casa Unveils Stunning, Beachfront, Private, Beach Cabanas
The Residences by Armani/Casa has introduced 28, 2-story beach cabanas where the project has since sold all but four of the cabanas since first introducing them at the end of June (2017). Cabanas range in size between 250-600 SF and start in the $400,000's. Cabanas will feature a limited kitchen with Italian Dada kitchen cabinets, Estramoz countertops, and GE Undercounter refrigerator and microwave; a full bathroom with Opella sink and faucet and glass enclosed shower; and luxurious interiors by Armani/Casa. The Residences by Armani/Casa will be a 56 story, contemporary glass tower located on over 300' of private shoreline in Sunny Isles Beach. The project is currently under construction and is being developed by Dezer Development and Related Group. The Residences by Armani/Casa will feature over 35,000 SF of incomparable amenities already on offer at the building, including a fine dining restaurant, cigar room and wine cellar, heated swimming pool, ocean-facing fitness center, two-story revitalization spa with indoor and outdoor treatment rooms, movie theatre and clubroom.
Tour The Palm Island Contemporary Which is The First To Close on Palm Island in 2017
201 Palm Avenue closed today (8/24/27) for $3,400,000, represented by Douglas Elliman’s Devin Kay. The 4,500 SF home is spread over 6 bedrooms and 6 bathrooms. The residence features a mix of natural wood and stone, high end finishes such as Grohe fixtures, Wolf/Sub zero appliances, oak wood and Italian flooring, a sleek pool and a stunning rooftop entertainment deck offering 360 degree views.
"This sale marks the first home sale on Palm Island in 2017, not including the recent sale of a vacant lot. Activity on the Island has been very slow with the ongoing construction of the roads, but once completed, Palm Island will be absolutely incredible and the construction / roadwork will move to other neighborhoods of Miami Beach. 201 Palm was a very unique property because not only was it situated on a very desirable corner lot, but with the new building codes in Miami Beach, you can no longer build a house of this size on a lot like this, and you also can no longer replicate the private rooftop, which offers 360 degree views of the Bay, skyline and sunsets," said Devin Kay.
