Video: 2000 Ocean by KAR Properties Construction Update

New York-based developer KAR Properties has shared their latest construction update and renderings for 2000 Ocean, a beachfront condo development in Hallandale Beach. It has been going vertical since June 28th, when Suffolk poured one of the largest concrete pours in the city in a decade. Today, the building is over 50% complete and hurricane glass has been installed up to the eighth floor.

Upon completion, the building will be positioned closer to the ocean than its neighboring buildings and will include luxury amenities like furnishings by the Italian design brand Minotti, a transformative art curation program spearheaded by curator Megan Kincaid, and wellness amenities found in some of the world’s most luxurious resorts.

KAR Properties expects to finish construction of 2000 Ocean in mid-2021.

Exterior renderings.

Poolside at dusk.

Sauna.

By Katya Demina

PEOPLE TO WATCH: Meet Our Panelist Ryan Shear, Managing Partner of PMG

Join us on March 5th at X Miami for People to Watch: Leaders in South Florida Real Estate, where Ryan Shear will be discussing how PMG stays innovative with creative housing solutions, how declining ownership is affecting the multifamily market and how he plans to build projects that will withstand the tests of time.

The developer currently has more than 5,000 units in the pipeline, including their largest multi-family project to date with over 900 beds. In December, PMG announced their latest concept, Society, the natural evolution of X Social Communities, as a response to the insatiable demand for attainably-priced, downtown rental communities. The new brand will debut with downtown mega-projects Society Las Olas (formerly X Las Olas) in Fort Lauderdale, Society Biscayne (formerly 400 Biscayne Boulevard) and Society Wynwood in Miami. 

Society is aimed at a broader demographic, unlike X, which is geared towards millennial. Only about 30% of Society buildings will be dedicated to co-living options, as opposed to 35% - 40% in X buildings.

Society Las Olas in Fort Lauderdale.

Co-living has been an enticing model for residents, investors and developers alike, as urban cores continue to become saturated and the demand for housing skyrockets. Following the success of X Miami, the fastest building in Downtown Miami to lease up, PMG took lessons they learned from X Social Communities and augmented them. Society will focus more on community inclusivity and expanding their finish and furnish options, while also adding to the immersive and experiential aspects of the building.

As a managing partner of PMG, Shear is responsible for general company operations, vision and growth. For nearly 15 years, Shear has played an instrumental role in the company’s success in Miami and beyond. He currently manages a growing portfolio of over $4 billion in real estate assets across the country. Completed condo projects spearheaded by Shear include Echo Aventura, Echo Brickell and Muse Residences in Sunny Isles. In 2018, Shear announced PMG will be bringing The Waldorf Astoria Residences to Miami in 2020.

The group recently opened X Miami, a 464-unit multifamily social community pioneering the “Rent By Bedroom” model for Class A luxury apartments in the urban core, which became the fastest building to lease in Downtown Miami. PMG will continue to expand this multifamily model nationally under Shear's direction. A native of Miami’s Coconut Grove and alumnus of Emory University's Goizueta School of Business, Shear lives in Brickell with his dog Larry and enjoys pico de gallo with every meal.

Hear from Ryan on March 5th at People to Watch: Leaders in South Florida Real Estate. Get your tickets below.

Event Page: http://profilemiamire.com/profilemiami-presents-people-to-watch-leaders-in-south-florida-real-estate-x-miami

Society Biscayne in Downtown Miami.

By Katya Demina

PROFILE Exclusive: Inside One Thousand Museum with Louis Birdman, Co-Developer Behind The Uber-Lux, Zaha Hadid-Designed Futuristic Tower

PROFILEmiami had the exclusive opportunity to sit down with Louis Birdman, one of the co-developers behind One Thousand Museum by Zaha Hadid Architects, to discuss the futuristic, ultra-luxury, condo tower. Louis tackles everything from working with legendary architect Zaha Hadid, to tackling the luxury market and the unique GFRC exoskeleton design that makes up the tower's unique, skyline changing, iconic design. Take a look inside the mind of one of the masterminds transforming Downtown Miami into a vibrant, modern, world-class city center.

PM: No developer had touched creating ultra-luxury in downtown Miami up until this point. What made you guys say let's be the first?

LB: When we started to see the market coming back. There was a period of time when the market imploded. It wasn’t just a Miami issue, it was a global banking issue. The first real estate market that started to rebound was New York, and shortly thereafter came Miami. The profile of buyers changed dramatically from the last peak in the market, where it was a highly speculative market that lots of investors highly leveraged. This time around, the buyers for condo products, particularly in Miami, were more focused on luxury. They were investors, but they were also end users. With a large flow of capital domestically and in Latin America, Miami has been one of the places that people look to invest in real estate. 

When we saw this resurgence, we zeroed in on this site, which was a former BP station. We always looked at this site as one of the best development sites in Downtown. You have Museum Park with nothing built in front of it, you have great views of the bay and great views of Miami Beach. We had a unique site that a lot of people had interest in and is high-density. We could have put 500 units on it, but instead we decided to scale down the number of units and create an ultra-luxurious property. We wanted to create a type of unit that didn’t exist in the market place. As the market bottomed out and then moved back up, the units that were bringing the greatest premium and spending the least days on market were units that were over 3,000 SF. Less than 5% of the inventory were units over 3,000 SF and many of those were combined or the premium units like penthouses and tower suites; units that made up a small segment of the inventory in Downtown and Brickell. 

We set out to create a building that fit that profile, and started looking at Miami Beach and what people were buying single-family units on the islands (Palm Island, Star Island, Hibiscus Island, Venetian Islands, Sunset Islands), and in the South of Fifth neighborhood. If we were going to attract a buyer that would otherwise be purchasing there, we had to create a building that would attract the top segment of the market. That is how we decided to create this product type in this location. Since we paid a lot of money for the site and wanted to build a few units that were very large, we knew we were going to look at absolute prices just above $5 million. 

PM: Where did the idea and concept to build such an architecturally stunning building come from? When did this all of this start to come together?

LB: Because of the record number of homes being sold over $5 million and $10 million, we felt that there was enough of the market to create that type of inventory but in a luxury high-rise building. That is where the idea of bringing in someone like Zaha Hadid came from. We wanted to bring in an architect that was very high profile, maybe even controversial, who had never done anything in Miami before. Herzog & de Meuron and Rem Koolhaas already had projects here, we didn’t want someone that had already left their mark. We wanted to do something different. 

Zaha was at the top of our list when we created our fantasy list of top architects. We didn’t even know whether she would have any interest or if we could get her to do a high-rise condo in Miami. As it turned out, when we pitched the project to her and her firm, they were immediately interested. Unbeknownst to us she really wanted to do something big in Miami. She had competed to get the Frost Museum of Science, she was one of the architects that submitted proposals and they ultimately went with Grimshaw Architects, a contemporary of hers from the U.K. I think for her own personal reasons it was important for her to do something like this in Miami. It was an opportunity that presented itself at the right time and her style fit our idea to create these large, out-of-the-box units. 

PM: With the New York building that she did as well, 520 West 28th Street, it becomes iconic to where it becomes the “Zaha Building."

LB: Exactly. That project actually came after One Thousand Museum. She was commissioned on that project by Related Companies in New York well after the announcement of this project. We got her into that type of space, and I think Related Companies saw that we got a tremendous amount of PR as a result of getting her to do this project in Miami. They thought it was a good fit for New York. That project is really nice. It is different for that area and on a beautiful site. It is not a high-rise, but it is very unique. You see the building is immediately recognizable as a Zaha design, and I have been there on a typical weekend seeing people on the high-line walk by and take pictures all day. It is very iconic. 

PM: Your background is as an architect…

LB: I’m an architect and moved to the development side in the early 1990s-2000s. On One Thousand Museum, Zaha Hadid Architects did all of the design. With my experience as an architect I am able to participate in the decisions that are being made, but they were given a free hand to design the building as they saw fit. The original design and the final design didn’t deviate very much from Zaha’s original concept.

PM: What have been some of the challenges about building such a unique, artistic structure and all of the teams and moving parts of the project?  

LB: The structure is very complex. We are utilizing a system that has never been used before to build a high-rise building. We are using a pre-cast GFRC, which is a glass-fiber-reinforced-concrete, as formwork to create the construction of the building. This formwork is actually used in the construction and left in place. It is not like typical formwork where you use formwork that you pour concrete then you strip the formwork away. The building from the 15th floor up is utilizing this GFRC as formwork and from the 14th floor down we are using it as a cladding over concrete. The lower portion of the building will be covered with the same material that is used to cover the upper portion of the building. The actual product is being manufactured from the architect’s 3D model that they created in Dubai. 

Examples of the GFRC Panel Exoskeloton 

LB CTND: About 5,000 panels that range anywhere from 2,000 lbs. to 5,000 lbs. are “dryfit” together in Dubai and then shipped to Miami in containers in an ongoing 18-month process. The panels come into the Port of Miami and are taken to a yard in Doral where they are inventoried and checked for damage. The steel cages of rebar are fitted inside 2 GFRC panels together make the column and the brackets that you see on the corner of the building. We bring the put together pieces to the building as we work on each level. It is a process that can go on for almost 2 years from beginning to end. We are completing a floor each week on average and are up to the 50th floor right now.

The process has actually gone really well. One of the concerns we had was what if one of the panels got damaged in shipping or while being hoisted into place. We have only had 3 damaged out of nearly 4,000 panels. One was damaged being put in place and 2 were damaged in shipping to the point where they couldn’t be used. We planned ahead for these obstacles by building the lower part as cast-in-place concrete that would then be clad later, giving us a head start so that we could have 8 or 9+ floors at any one time. That way if something got damaged, we had time to have another panel replacement made and shipped back over here. They can make a panel in about a week to 10 days, but it takes a while to ship it here. We didn’t want to stop and miss a pour because we were waiting for a piece. 

The whole process is being filmed for a documentary by Discovery Channel and PBS called Impossible Builds. We are going to be one of five buildings around the world that are featured in a documentary series that they are doing on buildings that are highly-complex and difficult to build. 

PM: Where does the GFRC start?

LB: It starts on the first half-floor unit right above the townhouse level. The townhouse levels have big 2-story balconies formed by very round holes, which is all done in cladding. It was logistically impossible to do it as formwork. By using this GFRC form process, we are able to create very precise shapes and finishes that we could never get out of cast-in-place-concrete, at least not in a high-rise building. Everyone was wondering how it would come out and the results are really impressive. 

PM: It’s interesting how style and technology can go hand-in-hand.

LB: You could never build a tower like this without the current technology that exists with computers and 3D modeling. Every time they make a change they are modifying the entire 3D model for the building. When we make a change as we are going up in the building, it affects the entire structure. 

PM: How do you think this Park West area of Downtown will change over the next five years and how will One Thousand Museum contribute to this change?

LB: This area is changing at a very fast pace. The big catalysts for this are the numerous public projects. The first big one was the Adrienne Arsht center that goes back about 10 years, but the planning of it began even earlier. There was also Museum Park, which used to be called Bicentennial Park, that was going to be redeveloped to create a whole arts center. The idea of putting museums in the park, came in the early 2000s. This was an area of Downtown that was very unique. It is not often that there is an opportunity to do a major downtown redevelopment and have so much land that was ripe for development all in one place. Miami WorldCenter aggregated almost 32 acres when you add in the former arena site. 5 years from now you are going to see a very mature, developed area of Downtown because Miami WorldCenter already has seven or eight projects under various stages of development. We were the last Biscayne front piece on the park. This whole neighborhood is filling in and from the point of access, we have always felt that this end of the Biscayne corridor is much more suited for the type of intensive development that is going on. The museums are now a reality and the number of visitors that they are getting at the Frost Museum of Science has exceeded everyone’s expectations. There has been discussion about getting Museum Park into a conservancy like Millennium Park in Chicago and Central Park in New York. They have made so many improvements and activated the space for people. You are going to see more of a push to continue to improve the area. 

About Louis Birdman, Co-Developer, One Thousand Museum by Zaha Hadid Architects:

For nearly three decades, real estate industry veteran Louis Birdman has taken a leadership role in the development of over 70 residential projects, comprising more than 18,000 residential units nationwide. Mr. Birdman has a significant background in property acquisitions, dispositions, entitlements, financing, planning, design, construction, sales and marketing. Mr. Birdman has been a principal investor and developer in numerous real estate developments projects throughout Florida and nationwide, including Las Vegas, Arizona, Colorado and Texas. He is also the founder and principal of Louis Birdman Architect, an architectural consulting practice that provides consulting services to developers of real estate in both related and unrelated entities. He has been a registered architect licensed in Florida since 1989 and has held architectural licenses in multiple jurisdictions in the United States, including Chicago, New York and Nevada.

Louis Birdman is currently the Co-Developer of One Thousand Museum by Zaha Hadid Architects, a 62-story, ultra-luxury high-rise condominium Tower in Miami, FL with 83 half-floor and full-floor residences. One Thousand Museum is currently under construction and scheduled for completion in mid-2018, slated to be Miami’s most iconic tower and the centerpiece of Miami’s Museum Park.

The Sales Center at One Thousand Museum