Construction is nearing completion at Thompson Hotel South Beach which is being developed by Finvarb Group, led by Ronny Finvarb, and Chahine Investment Corp. Glass has been installed at the architectural masterpiece by world-renowned French architect Rudy Ricciotti, its iconic wave design is already making a statement in Miami Beach. The Thompson Hotel South Beach is set to transform the nexus of Washington Ave. and 17th St.
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The First Estate Built On Star Island In 1924 Sells For $57 Million Following Ultra-Luxe Mega-Expansion
The first estate built on Star Island in 1924 has sold for $57 million following an ultra-luxe mega-expansion. The transaction is one of the highest prices paid for a modern home in Miami-Dade. The seller was represented by Dina Goldentayer with Douglas Elliman, while the undisclosed buyer was represented by Chad Carroll with The Carroll Group at Compass.
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Music Mogul Rick Ross Closes On 37 Star Island For $35 Million
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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