Related Group and partner Alta Developers have closed on $240 million in financing for the highly-anticipated residential tower, Casa Bella Residences by B&B Italia (Casa Bella), which broke ground earlier this month in Downtown Miami’s burgeoning Arts and Cultural District. The loan was provided by Cain International (Cain) — a privately held investment firm with over $16 billion in assets under management.
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Gucci Opens New Men's Boutique in Miami Design District
Gucci is expanding its presence in the United States with the opening of a new, dedicated men’s boutique in Miami. Situated in the Miami Design District, the space spans over 4,200 square feet across two floors and includes an inviting private VIP shopping area. This marks Gucci’s fourth dedicated men’s boutique in the U.S. and the second Gucci boutique in Miami’s Design District.
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Image via Jordan Frey
ZURI Set To Bring A Taste of Morocco To Wynwood
ZURI, a hidden riad offering modern interpretations of Moroccan traditions, will debut in Miami’s artistic Wynwood neighborhood on Wednesday, Dec. 6. Founded by Partners David Sarkissov, Joaquin Coll, Florian Mattone and Kevin Coll, the hospitality innovators have come together for the first time to bring the flavors of Morocco to Miami’s culinary scene.
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Toku Modern Asian Cuisine Opens In Aventura Mall
Toku, by Poll Restaurants, has opened in the Aventura Mall offering modern Asian cuisine, an expansive cocktail program and a moody yet inviting ambiance. In 2007, brothers Gillis and George Poll opened Toku at Americana Manhasset in Long Island. With a portfolio of successful steakhouse, seafood and Italian concepts, the Poll brothers decided to try something new with Asian fare.
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Stock Residences Breaks Ground On The Ritz-Carlton Residences, Naples
The Ritz-Carlton Residences, Naples, the first Ritz-Carlton-branded private residences in Naples, FL, has broken ground. With an idyllic setting flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north, The Residences are slated for delivery in 2026 and will feature a limited collection of just 128 dwellings and penthouses, along with over 50,000 SF of amenities, spread throughout five boutique buildings.
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Only Luxury Condominium to be Delivered in South Beach This Year Tops Off
Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge.
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FIRST ON PROFILE: Oak Row Equities and LNDMRK Development Reveal 2900 Terrace in Edgewater
FIRST ON PROFILE: Oak Row Equities, a dynamic vertically-integrated real estate private equity and development company with over $1.6 billion of development in South Florida, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions, revealed final design plans for 2900 Terrace in Edgewater, Miami following approval from the UDRB.
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Choeff Levy Fishman Architects-Designed Hibiscus Island Tropical Modern Estate Lists For $37.5 Million
320 S. Hibiscus Drive on the guard-gated enclave of Hibiscus Island in Miami Beach has hit the market for $37.5 million, listed with The Jills Zeder Group. The home includes seven bedrooms and seven-and-one-half bathrooms spread over 7,818 square-feet of living space with 90 feet of prime waterfront along azure Biscayne Bay.
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Alba Palm Beach Closes On $95 Millon Construction Loan
Miami-based BGI Capital has closed on a $95 million construction loan sourced in partnership with Wexcor Capital, a New York City-based real estate investment, management & advising firm, and financed by Kriss Capital, an New York City-based direct lender making construction and bridge loans on residential assets, to fund the completion of Alba Palm Beach.
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Fashion Icon Naeem Khan Lists Penthouse Residence in Ten Musuem Park For $2.988 Million
Located at the prestigious Ten Museum Park, a penthouse owned and designed by fashion icon Naeem Khan, has hit the market for $2.988 million. Located at Ten Museum Park, UPH4606 exudes timeless design and refined elegance meet an unbeatable location. The stunning home features 3 bedrooms and 3.5 bathrooms, with 2,560 SF of living space and 1,729 SF of exterior space.
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