JDS Development Group has secured a $62.5 million construction loan For Monad Terrace in South Beach. The developer has already broken-ground and is completing foundation work, they expect to go vertical in March 2018.
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Pitbull to Open iLov305 Restaurant and Cocktail Bar in Former Bon Air Hotel on Ocean Drive
Pitbull is bringing a restaurant to Ocean Dirve. The singer has announced that he will launch a new concept, iLov305, in the former Bon Air Hotel at 1600 Ocean Drive. iLov305 will be a restaurant and cocktail lounge with daiquiri bar.
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Featured Listing: Tour the Lavish Oceanfront Foster + Partners-Designed Faena House Condo Asking $9.5 Million
This lavish oceanfront Faena House condo, which is on the market asking $9.5 million, is the ultimate place to enjoy all the luxuries South Beach has to offer. The residence features 4 bedrooms, 5 full-bathrooms and 1 half-bath spread over 4,165 SF with an additional 1,301 SF lanai.
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Three Hundred Collins Penthouse Sells For Record Setting $5.8 Million
The crown-jewel penthouse at Three Hundred Collins has sold for a record setting $5.8 million, $1,845 SF, the highest price-per-square-foot sale for a non-waterfront condo in South Beach. Penthouse 1 features 3,150 SF of interior space and 1,580 SF of outdoor terrace space.
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South Beach's First Food Hall Concept, Time Out Market Miami, Is Revealed
Time Out Market Miami has revealed their first renderings of the open food hall concept, the first of its kind in South Beach. The eatery will feature 17 restaurants in total and has announced commitments by multiple local Miami restaurant brands including KUSH, Coyo Taco, Jugofresh, Paradigm Kitchen, and BUHT-ER.
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Crescent Heights Aims to Bring Citizen M Hotel to 1212 Lincoln Road
Crescent Heights is aiming to bring a Citizen M Hotel to 1212 Lincoln Road. The developer recently applied to the city for approval to modify the existing proposal by bumping the room count up to 168 from 100 by creating "pod" style rooms, some of which are under 218 SF. They also requested a variance to operate 2 LED billboards which would display graphics that are inspired by the murals that currently exist on the current building.
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1 Hotel & Homes Appoints Douglas Elliman's Tracy Galya As New Residential Sales Director
1 Hotel & Homes South Beach, the trailblazing, eco-friendly, LEED-certified oceanfront property inspired by nature and crafted from sustainable materials, announced today (September 27, 2017) that Tracy Galya, a 1 Homes top-producer, has been promoted to Residential Sales Director.
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Stantec-Designed Mixed-Use Project Proposed at 1600 Washington, Bringing 134 Residential Units 1 Block From Lincoln Road
A 10 story mixed-use project designed by Stantec has been proposed at 1600 Washington Ave. The project is located 1 block away from Lincoln Road and would feature 134 residential units along with 12,863 SF of ground floor retail. Units would range from 1 to 2 bedrooms and be an average of 1,110 SF. The proposal was scheduled for review by the Planning Board on September 26, but will most likely be deferred.
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The Iconic Flamingo South Beach to Undergo Massive Renovation Overseen by Stantec
Aimco is planning a massive renovation designed by Stantec at the iconic Flamingo South Beach on the north and central towers. The Miami Beach Design Board Review will meet October 3 to review the proposal. The renovation would include adding retail and restaurant space as well as reducing the number of units in the north tower from 614 to 446 while boosting the size of the residences.
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Featured Listing: Fly Through the Contemporary Palm Island Mansion With a 15' Waterfall Asking $29.5 Million
Palm Island has been hot through 2017 and there is another stunner on the market. 73 Palm Avenue is a 13,676 SF waterfront villa designed by Choeff Levy Fischman that features 9 bedrooms, 10 bathrooms and 1 powder room. The two-story contemporary also features a private rooftop terrace, disappearing sliding glass doors to optimize indoor/ outdoor living, and a 15' cascading water.
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