Kimpton Hotels is bringing a new luxury boutique hotel to one of Miami Beach's hottest neighborhoods, Sunset Harbour. Hotel Palomar South Beach will be a 96-unit luxury boutique hotel located at 1750 Alton Road. It will be Kimpton's 8th hotel in Florida and will be developed by The Finvarb Group and designed by architect Kobi Karp. The five-story hotel will feature a central atrium, canopy-inspired rooftop pool, restaurant, spa and fitness center.
Stantec Unveils Southgate Towers Redesign
Stantec has finally completed their Southgate Towers redesign at 900 West Ave on Miami Beach. The bay-front towers were originally built in 1960 before Stantec plowed $40 million into a multi-phase renovation that included renovating the lobby, amenities and units. Southgate Towers will be a rental only building. Leasing began this summer and it was announced that there is already over 90% rented, 495 out of 500 units. Updates include hurricane-proof windows, updated appliances and lighting and modern furnishings. Southgate Towers is located on West Avenue which itself has seen many updates and construction in recent years and allows walking distance access to Starbucks, Whole Foods and The Mondrian South Beach Hotel & Residences.
South Pointe Penthouse in Portofino Tower Lists for $13.95 Million
PH4003, the 3-story penthouse high above South Pointe's Portofino Tower, has been listed for $13.95 million. The condo is 4,300 SF with an additional 3,000 SF of outdoor space with a private rooftop terrace complete with a summer kitchen, bar and jacuzzi. It has 3 bedrooms and 3.5 bathrooms. 20 foot floor-to-ceiling windows provide panoramic views of Miami Beach, Atlantic Ocean, Coconut Grove, Biscayne Bay, Brickell and Downtown Miami throughout. The unit last sold in 2007 for $6.5 million. Listing and photos by Brown Harris Stevens.
Palm Island Contemporary Lists for $32 Million
30 Palm Ave. is a Miami Beach dream house. Direct access to Biscayne Bay views of Port of Miami and Downtown. The beautiful contemporary home was built in 2014 is 8 bedrooms, 8 full baths and 1 half-bath with 14,000 SF in living area. I features over 100 feet of waterfront with a private dock, a master suite, movie theater, 4 car garage, gym, tennis and basketball courts and a summer kitchen. It is currently listed for $32 million by Albert Justo of One Sotheby's International Realty. Photos by One Sotheby's International Realty.
Macy's Shopping Around Remainder of Lincoln Road Leasehold
It's no secret that the major department stores are in for a major shake-up. The Real Deal is reporting that Macy's is quietly marketing the remainder of leasehold for their Lincoln Road location. The 98,610 SF at 1675 Meridian Avenue has 34 years left on the lease and could go for about $80 million. It is one of the largest retail spaces available in the area and it is reported that both Nordstrom Rack, HomeGoods, Saks Fifth Avenue OFF 5th and Old Navy have inquired about the space. HFF has the listing on the space. Macy's had reported earlier this year that they would be closing 100 stores, but would not comment on what would happen to the Miami locations.
288 S Coconut Ln. On Palm Island Currently Listed for $21,800,000
288 S Coconut Ln. on Palm Island is a 9 bedroom, 11 bathroom 17,737 SF behemoth currently on the market for $21,800,000. The estate is designed by Ramon Pacheco was built in 2011. It includes 100 ft of waterfront on Biscayne Bay with a private dock and amazing views of the Miami skyline. The house also includes smart house technology, beautifully designed foyer, chef's kitchen and 4 car garage. Photos and listing by Douglas Elliman.
Mixed-Use Project Proposed at 929 Alton Road
Victor Uzan's Evergreen Overseas Holdings, Inc. has proposed a mixed use development at 929 Alton Road. The 4-story, 30,000 SF mixed-use use project will be designed by IDEA Architecture from Aventura. The proposal includes retail space, office space and 82 parking spaces. The office space would occupy the top floor, with ground floor retail and parking in the middle. The Miami Beach Planning Board will review the proposal during their September meeting. Evergreen Overseas Holdings, Inc. had previously proposed a 20 unit condo development at the same site in 2014.
The BLVD at Lenox Retail Center Coming to 5th St. in Miami Beach
Fifth Street on Miami Beach is about to get another retail center named The BLVD at Lenox. Comras Company, the owners of the Ivy Nightclub which currently sits on the property, are planning to redevelop the lot into a 5-story retail structure designed by Zyscovich. The lot is located at 1045 5th St., directly across the street from the current Publix-anchored retail center at Fifth and Alton. The proposal includes 64,930 SF of retail space and 218 parking spaces and is set for review by Miami Beach's Planning Board in September.
The Fasano Residences + Hotel
HFZ Capital Group will begin work on the renovation of the historical Shore Club on Miami Beach, transforming it into the Fasano Residences + Hotel Miami Beach. The redesign will result in a hotel residence under the Brazilian, Fasano brand, with 67 luxury condo units and 85 hotel rooms. The renovations and redesign are being headed by Brazilian architect Isay Weinfeld and will preserve the Shore Club's original art deco facade and 22 story central tower, original hotel lobby and most of the south tower. Units will range from 800 SF to over 4,000 SF. Morgans Hotel Group will close the existing 300 hotel room Shore Club this fall and completion of the Fasano Residences + Hotel is slated for 2018. HFZ Capital Group purchased the Shore Club in December 2013 for $175.3 million.
Setai TH-A Relists for $14.9 Million
Photo via Zilbert
TH-A in the Setai Hotel has listed for $14.9 million, back on the market after dropping from $22 million 2013 and burning through several price breaks and listing agents. The oceanfront townhouse is 3,627 SF with 4 bedrooms, 4 bathrooms, 18 foot ceilings, and LED lighting system, a cantilevered glass staircase, 3 balconies and a private pool. The unique floor plan is the only oceanfront unit with double height ceilings, allowing for breathtaking beach and ocean views from the glass living room and two 800 SF oceanfront master suites. The unit is owned and redesigned by Doug Rogers and is listed with Jeff Miller of Brown Harris Stevens. Photos via Zilbert.
