Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge.
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Choeff Levy Fishman Architects-Designed Hibiscus Island Tropical Modern Estate Lists For $37.5 Million
320 S. Hibiscus Drive on the guard-gated enclave of Hibiscus Island in Miami Beach has hit the market for $37.5 million, listed with The Jills Zeder Group. The home includes seven bedrooms and seven-and-one-half bathrooms spread over 7,818 square-feet of living space with 90 feet of prime waterfront along azure Biscayne Bay.
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Anatomy Reveals New Miami Beach Flagship Location Set To Open Late 2023
Anatomy, one of Miami’s premier health and wellness brand, is excited to announce the late 2023 opening of its brand-new flagship Miami Beach location at 1212 Lincoln Road. Building on the overwhelming reception to Anatomy’s original location at 1220 20th Street, the brand will be making an exciting transition to an extraordinary one-of-a-kind space, just a few blocks South.
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Major Food Group Co-Founders Jeff Zalaznick, Mario Carbone and Rich Torrisi
Major Food Group and Boucher Brothers Win Bid To Take Over '1 Ocean Drive' In Miami Beach
Last Wednesday, 9/27, in a monumental decision that signals a thrilling, better future for Miami Beach and its residents, the local government named Boucher Brothers and Major Food Group the new stewards of one of the most stunning and historic beachfront properties on the globe, 1 Ocean Drive. Their vision for the address, designed by Kobi Karp, will come to life in 2026 at the site that has been operated as Nikki Beach since 1985.
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Finvarb Group's Rudy Ricciotti-Designed Thompson Hotel South Beach Nearing Completion
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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