Forward-thinking real estate developer Newgard Development Group continues to differentiate its LOFTY Brickell condominium project with unique features and innovative concepts. In the latest example, Newgard is unveiling its plan for the building’s skydeck-- a versatile rooftop space that will be available as a venue for private events and will be an additional building amenity dedicated exclusively to LOFTY unit owners.
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Miami Ranks Seventh in Housing Shortage Report As Florida Sees Nations Highest Rent Increase Since 2020
New research has shown that Miami ranks seventh in housing shortage report as Florida has seen the highest rent increase in the nation since 2020. Prices have continued to push higher where rental rates a 2 bedroom rental on Miami Beach is up over 46% year-over-year as of June 2023. Developers have struggled to keep pace despite Miami-developers leading the nation with a record 28,000 units currently under development in the Miami metro-area.
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Venetian Islands Waterfront Contemporary Spec Home 'Villa Marco' Hits Market For $23.9 Million
Villa Marco, a masterfully crafted waterfront residence developed by renowned local builder, Sabal Development, on Miami’s exclusive Venetian Islands has hit the market for $23.9 million. The property is a true testament to exquisite design capturing breathtaking bay views and natural light. Villa Marco is located on San Marco Island at 1369 North Venetian Way.
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Arquitectonica-Designed Boutique Condo 'Ella Miami Beach' Launches Sales In Miami Beach
Miami-based real estate development firms, Constellation Group, The Boschetti Group, and Vietmar have officially launched sales on Ella Miami Beach, a 10-story boutique condominium that will soon rise in the heart of Miami Beach, at 6940 Abbott Avenue. The new construction building is expected to break ground in the first quarter of 2024 and is slated for completion in 2026.
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Lefferts To Launch Short-Term Rental Approved Tower '72 Park' In Miami Beach
The NYC and Miami-based development firm, Lefferts, has revealed 72 Park, a short-term rental approved condominium tower coming to Miami Beach. Slated for completion in early 2024, this will be the first new luxury tower on Miami Beach to permit vacation (or short-term) rentals and will offer 206 units ranging from 470 to 1,177 square feet with prices starting from the $700,000s. The topping-off ceremony for 72 Park is estimated to take place in July 2023.
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Black Lion's Robert Rivani Lists Penthouse at The Ritz-Carlton Residences, Miami Beach For $8.8 Million
Real estate investor Robert Rivani of Black Lion has listed his penthouse at The Ritz-Carlton Residences, Miami Beach for $8.8 million with Dina Goldentayer of Douglas Elliman. Rivani acquired the penthouse in May 2022 for $7.5 million. The listing comes on the heels of selling his ground floor restaurant space at One Thousand Museum for $7.9 million which he acquired in October 2022 for $6.4 million.
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Image via Golden Dusk Photography
Arquitectonica-Designed 42 Pine Tops Off Luxury Boutique Condo In Miami Beach
The Arquitectonica-designed 42 Pine, the highly anticipated boutique residential building at the nexus of iconic Pine Tree Drive and 42nd Street, has topped off, marking a milestone along its timeline for completion, which is estimated for Q1 2024. The eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. The project secured $35.5 million in financing from BridgeCity Capital to begin building last year.
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Cipriani Residences Miami Reveals First Look At Exclusive, Record-Setting Canaletto Collection
Soaring 80 stories above Miami’s Brickell neighborhood and Biscayne Bay, Cipriani Residences Miami, the luxury hospitality brand’s first-ever ground-up development in the U.S., has revealed a first look at the Canaletto Collection, an exclusive assemblage of ultra-luxury residences and penthouses on the top 18 floors of the tower. This limited 70-home collection represents Brickell’s highest level of luxury, featuring sweeping views stretching from the Miami city skyline to the Bay toward Miami Beach, and sets a new price-per-square-foot record in the area.
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SB Development And Hazelton Capital Group Launch Kobi Karp-Designed Cove Miami Waterfront Condo in Edgewater
New York-based development firm SB Development and Hazelton Capital Group have launched sales for Cove Miami, a boutique waterfront condominium in Miami’s fast-growing Edgewater neighborhood. The new development marks the latest addition to SB Development and Hazelton Capital Group’s impressive portfolio and their first project in Miami. The luxury waterfront project is expected to occupy approximately 450,000 square feet and rise 40 stories high, featuring 116 units.
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Miami Heat Star Victor Oladipo Lists Hibiscus Island Contemporary For $10 Million Amidst NBA Finals
Amidst being locked in a battle for the NBA Finals, Miami Heat all-star player Victor Oladipo has listed his Hibiscus Island home in Miami Beach home for nearly $10 million. The home is situated on an expansive corner lot within the prestigious guard-gated Hibiscus Island in Miami Beach. Unlike typical lots on the island, this property encompasses one and a half lots, offering a larger land size and an impressively spacious home.
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