Music mogul and rap superstar Rick Ross has officially closed on 37 Star Island Drive for $35 million. Ross says the purchase was "a major piece to the puzzle" in building his already robust real estate portfolio. 37 Star Island Drive is a 12,374 square foot, 6 bedroom home situated on a manicured 40,000-square foot lot with 100-feet of waterfront on Miami Beach’s exclusive and ritzy Star Island.
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SHVO Locks Down $190 Million In Financing For The Raleigh Hotel & Residences, Miami Beach
SHVO, the ultra-luxury real estate development and investment firm led by Michael Shvo, has secured $190 million in new financing for The Raleigh Hotel & Residences, Miami Beach, a significant milestone in the next chapter of the iconic art-deco storied property. The loan, provided by BH3 Debt Opportunity Fund II, L.P. led by BH3 Management through its opportunistic credit platform, closed earlier this week. Construction is well underway and the property is on-track to open in 2026.
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Alex Witkoff of Witkoff Group and Shore Club Private Collection (Photo by Glen Allsop, Rendering via The Boundary)
Witkoff Group and Monroe Capital Close On Record-Breaking Loan For Shore Club Private Collection
Witkoff Group, a Miami-based development and investment firm, and Monroe Capital, a premier asset management firm, have closed on a $430 million construction loan for Shore Club Private Collection, which is on track to be one of the fastest-selling luxury developments in Miami Beach’s history. Financed by J.P. Morgan, the loan is believed to be the largest for a residential construction project in South Florida.
Read MoreLook Inside This Lavish Waterfront Star Island Estate Which Just Hit The Market For $37.5 Million
37 Star Island Drive, a lavish waterfront estate on Miami Beach’s exclusive and ritzy Star Island, has hit the market for $37.5 million. The 12,374 square foot residence is situated on a manicured 40,000-square-foot lot, featuring 100 feet of water frontage facing Biscayne Bay and offers direct bay and ocean access. The home spans six bedrooms plus an office space, eight full bathrooms and one-half bathroom.
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Queen Miami Beach Reveals Exclusive 8-Seat High-End Speakeasy Style Omakase Experience
After a warm reception from patrons and gourmands, Queen Miami Beach has revealed one of her most-coveted hidden gems, nestled within her upper wing and peering into the grand dining room below. The intimate haven of glamour, design, and inimitable exclusivity is revealed as Queen Omakase, an exclusive eight-seat omakase bar led by third-generation sushi chef Max Kamakura.
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Riviera Dining Group Reopens Iconic South Beach Dining And Nightlife Venue 'BAOLI Miami'
BAOLI Miami, the iconic restaurant and nightlife venue located on Collins Avenue in South Beach, has reopened under the direction of Riviera Dining Group (RDG). BAOLI Miami launched with a new menu exploring Indonesian, Thai, Indian, Balinese and Nepalese flavors, colorful ingredients and cooking techniques. The updated aesthetic transports guests with lush tropical foliage and a curated mural from artist Mateo Humano.
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New Construction Palm Island Spec-Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island
A recently completed tropical modern spec-mansion on Miami Beach’s exclusive Palm Island has sold for a record $32 million, ringing in as the most expensive sale ever on the island. The buyer was represented by David Pullman with The Waterfront Team at ONE Sotheby's International Realty, while the seller was represented by Lourdes Alatriste with Douglas Elliman.
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'A Fish Called Avalon' Iconic Art Deco Renovation And Award Winning Seafood Spearheading The Revitalization Of Ocean Drive
South Beach classic award winning seafood hotspot A Fish Called Avalon has revealed its recent renovation at the iconic art deco Avalon Hotel, primed to spearhead the revitalization of Ocean Drive. A Fish Called Avalon first opened in 1989 in the glory days of Ocean Drive’s Art Deco District, becoming one of the most identifiable properties on the strip, and after thirty-three years in operation has become an icon on the beach.
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Robert Rivani's Black Lion To Bring Philippe by Philippe Chow To One Ocean In Miami Beach's South of Fifth
New York-based restaurant Philippe by Philippe Chow has signed a 15 year lease to occupy the coveted restaurant space at One Ocean South Beach which was acquired by Robert Rivani’s Black Lion Investment Group in November 2022. With plans to open the flagship outpost in Q2 2024, Abraham Merchant and Richard Cohn are bringing the brand's legacy of sophisticated Beijing-inspired dining to One Ocean in the heart of the South of Fifth neighborhood.
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Inside The Ultra-Lavish Grand Opening of Queen Miami Beach, The City's Most Sophisticated New Restaurant
Queen Miami Beach celebrated the grand opening of the new, luxury restaurant and lounge with a sophisticated, black-tie soirée on January 26, 2023. Taking over the iconic Paris Theater revealing its $40 million renovation, attendees were greeted by live statues and interactive performances, ranging from musical ensembles to aerial acrobatics, from Italian-based production NuArt.
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