The iconic, historic Design District building that at 4000 NE 2nd Avenue that has served as the former Buena Vista Post Office as well as the former home of designer Philipp Plein's Billionaire brand's flagship location, has sold for $8.125 million. Sale closes at $3,552 per square foot for the 2,287 SF building that was originally built in 1921. The buyer, according to The Real Deal, was the same New York-based investment group which purchased Power Studios, also in the Design District, in June 2015. Chariff Realty Group President Lyle Chariff and Steve Budin purchased the building for $479,000 in 2003. When Plein purchased Billionaire, which was already in the space, a new agreement for the space could not be met and the building was put for sale. The sale is just one of an increasing number of high-priced deals on Design District real estate which as seen Redsky Capital and JZ Capital Partners invested over $233 million in Design District, Harbor Group International purchased a retail building for $21.5 million located at 111 Northeast 40th Street at $2,445 SF, and David Edelstein and partners purchased 140 NE 40th Street for $10 million at $3,704 SF.
Full-Floor Unit at Glass South Beach in Miami Beach's Exclusive South-of-Fifth Neighborhood Lists for $12.9 Million
The entire 12th floor at Glass South Beach has been listed for $12.9 million. The unit is 3,374 SF and features 3 bedrooms, 3.5 bathrooms and 2,000 SF of outdoor space. The beautifully designed turn-key unit also features white oak flooring throughout, custom Ornare closets, 10-foot ceilings, marble kitchen and bathrooms, Gaggenau appliances, and breathtaking views of the Atlantic Ocean. Glass South Beach was designed by Rene Gonzalez and features access to a private beach club, full-service gym and pool, 24 hour valet, concierge and security as well as housekeeping. Glass South Beach is located in the prime South-of-Fifth neighborhood with some of Miami's finest restaurants, parks and beaches right outside the front door. The 12th floor is currently listed with Eloy Carmenate and Mick Duchon of Douglas Elliman Real EState.
Carbonell Penthouse on Brickell Key Sells for Full Asking Price of $2.75 Million
Penthouse 3703 at Carbonell has sold for the full asking price of $2.75 million on Brickell Key. The unit is 3 bedrooms, 3.5 bathrooms over 2,951 SF and another 1,750 SF of outdoor terrace space. It features 24 foot ceilings on the first floor and 12 foot ceilings on the second floor, Swarovski crystal wall paper, indoor/ outdoor surround sound system, 3 terraces, jacuzzi and views of Biscayne Bay and the Atlantic Ocean. David Siddons of EWM Intenational was the listing agent. The unit had las sold for $1.25 million in 2006.
Porsche Design Tower South Penthouse Closes for $25 Million
The last remaining penthouse atop Porsche Design Tower has closed for $25 million. The south penthouse was listed at $32.5 million and starts on the 56th floor. The four-level residence features parking for 11 cars including a showroom and two private garages. It also features tons of outdoor space including a rooftop pool, marble bathrooms, glass elevator, gourmet kitchen, and stunning views of Sunny Isles, Aventura, Miami Beach, etc.
Le Jardin Residences
Verzasca Group's Le Jardin Residences and Pearl House On Bay Harbor Island Top Off at 75% Sold
Two Verzasca Group boutique projects on Bay Harbor Islands, Le Jardin Residences and Pearl House, have topped-off. The buildings are 75% sold and feature 45 luxury residential condominium units. Le Jardin includes 30-units while Pearl House features 15. Prices start in the $500,000s for a Two Bedroom plus Den in Le Jardin Residences where residences come in Two Bedroom + Den and Three Bedroom layouts ranging from 1,385 SF to 2,235 SF. Pearl House comes in 2, 3 and 4 bedroom layouts. Units feature oversized balconies, smart-home technology ready, exotic stone bathrooms, kitchens with WOLF, Sub-Zero appliances, ITALKRAFT cabinetry, and floor-to-ceiling glass. Amenities include a rooftop swimming pool, valet parking, Tesla compatible electric vehicle charging stations, state-of-the-art gym, private storage for each residence, and private tropically landscaped garden. Delivery is expected summer 2017.
Verzasca group is led by Darius Kasparaitis, a former NHL and Olympic hockey player who played for the New York Rangers and Pittsburgh Penguins, amongst others. His NHL career spanned from 1992 to 2007. He is the President and Co-Founder of the Verzasca Group and has overseen 10 million SF of property development with projects throughout South Florida, the European Union, and Russia.
Le Jardin Residences
Le Jardin Residences
Le Jardin Residences
Le Jardin Residences
Pearl House
Pearl House
Pearl House
PARAMOUNT Miami Worldcenter Releases Renderings of Guest Suites
PARAMOUNT Miami Worldcenter has released renderings of their guest suite collection. There are 30 suites in all and they are for exclusive use by PARAMOUNT Miami Worldcenter owners. Suites range from studio, one-bedroom and two-bedroom layouts with sizes ranging from 530 SF to 1,200 SF. The accommodations can be used for visiting friends and relatives and helps enhance residents standard of living when guests come to town. PARAMOUNT Miami Worldcenter is now over 60% sold with over $300 million in sales. The 513 luxury-condo residential tower is expected to be delivered Q1 2019. PARAMOUNT Miami Worldcenter is being developed by Dan Kodsi with Art Falcone and Nitin Motwani. PARAMOUNT Miami Worldcenter is the luxury residential condo tower that is part of the larger Miami Worldcenter initiative that includes a high-street retail concept with shopping, dining, entertainment, office space, a Marriott Marquis Miami Worldcenter Hotel & Expo Center, apartment rentals, amongst others.
Check-out our PROFILE Exclusive Interview with Dan Kodsi, the developer of PARAMOUNT Miami Worldcenter.
Auberge Beach Residences and Spa in Fort Lauderdale Now 90% Sold In North Tower
Auberge Beach Residences and Spa Fort Lauderdale is near sellout with the North Tower
now 90% sold. The South Tower is 50% sold in the two tower luxury beachfront development on Fort Lauderdale Beach by The Related Group and Fortune International Group. They reported $54 million in sales over the last 45 days.
Auberge Beach Residences and Spa features 171 condos which feature spacious oceanfront terraces with private pools, floor-to-ceiling glass, private elevators, gourmet kitchens. Units range from $1.5 million to $9 million. The building was designed by Nichols Brosch Wurst Wolfe & Associates. Five-star amenities include a world-class fitness center and full-service spa, multiple oceanfront swimming pools, beach club, golf simulator, a Michelin Star rated restaurant and a stunning interior by Meyer Davis. Both Hall-of-Fame Dolphins Quarterback Dan Marino and Related Group CEO Jorge Pérez have purchased residences at the property. Auberge Beach Residence and Spa's South Tower made news last year with a Fort Lauderdale record $8.9 million sale as the city's most expensive condo residence sale.
Terrazas Waterfront Dining & Cocktails
PROFILE Exclusive: HYDE & Related Group Shaking Up Hollywood/ Hallandale Beach
PROFILEmiami had the exclusive opportunity to sit down with Eric Fordin, VP of Related Group & Wendy Marks Pine, the Sales Director of HYDE Resort and Residences as well as at HYDE Beach House. Related Group has been one of the major driving forces behind development on the strip, find out how they are continuing to shake up the Hollywood and Hallandale Beach markets with their HYDE brand condo resort developments.
PM: Why did Related choose Hollywood? What made it an attractive location for HYDE?
EF: We believe in the Hollywood/Hallandale Area. It’s proximity to Ft. Lauderdale, Bal Harbour, Miami Beach and Downtown Miami makes this locale as the epicenter for what’s hot in South Florida. That in itself is what drew us to the HYDE Brand.
WM: There is incredible demand for the area. People want to be here. HYDE Resort was very successful and now we have HYDE Beach House across the street under construction and already over 70% sold. Hollywood has been popular for both residents and tourists alike.
PM: Why did Related choose to go with the HYDE brand?
EF: We view HYDE as a young, cool and stylish brand that exudes luxury and style while having fun at the same time.
WM: sbe is a great partner on a number of projects with Related Group and has done an amazing job with HYDE Resort and Residences. HYDE is truly a full-service, high-end resort brand which is evident throughout the property.
HYDE Beach House Pool Rendering
PM: What has the development meant to the Hollywood cities and markets?
EF: We love this area! Four of our Executives live/have second homes in this area. We believe and hope that the attention from these projects cast a favorable light on this amazingly Beautiful City.
WM: It has been great for the city of Hollywood. HYDE has everything that a high-end resort would offer including a beach club, a full service spa, multiple swimming pools, Terrazas Restaurant, a coffee shop/ bakery and so much more.
HYDE Resort + Residences
PM: There has been much development in Hollywood over the past few years. Why just now is there an uptick in interest?
EF: We have always believed in the Hollywood/Hallandale Area. The ability to conjure up land has become more difficult over the years, but that being said the Hyde projects marks our 9th and 10th project on this short stretch of the barrier island.
PM: What else does Related Group have in-store for Hollywood?
EF: We are working on a number of Amazing projects which we hope to unveil soon.
WM: HYDE Beach House is across the street on the Intracoastal Waterway and sales are strong. The building will have 77 condos and 265 resort condominiums. Units are available for purchase with prices starting from $700,000.
HYDE Resort + Residences
About Related Group:
Established in 1979, The Related Group is Florida's leading developer of sophisticated metropolitan living and one of the country's largest real estate conglomerates. Its innovative residential developments, that reach cross-market sectors, have dramatically altered South Florida's urban landscape. Since its inception, the privately held company has built, rehabilitated and managed more than 90,000 condominium and apartment residences. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio of projects in excess of $15 Billion. TIME Magazine named Founder, Chairman and CEO of The Related Group, Jorge Pérez, one of top 25 most influential Hispanics in the United States, and he’s made the cover of Forbes twice. Currently, The Related Group has over 50 projects in varying phases of development.
Read about January's successful grand opening of HYDE Resort in Hollywood & tour the property.
HYDE Beach House Rendering
Miami Top Major U.S. City in 2016 For International Immigration
The Miami Metropolitan area was the top major U.S. city market in 2016 for international immigration. The year-over-year growth for the area was 1.1%. Miami is also reportedly the number one U.S. city for foreign born working professionals and those holding college degrees. This influx of immigration has helped bring equilibrium to a market that many thought may have been overdeveloped. This has led to rising housing prices, rising rents, low vacancy rates and rising record employment numbers.
Photos via Four Seasons
Four Seasons Surf Club Opens in Surfside
The Four Seasons Surf Club Condominium & Hotel Resort celebrated their grand opening last week of their iconic new beachfront property. The Surf Club has been an integral part of the cultural history of Miami Beach since its inception as a private social club in the 1930's. Since ground breaking in March 2014, The building features a 77 room hotel and 150 residences across 3 glass towers, 2 of which are residential and 1 hotel. The newly restored development also includes full five star amenities including oceanfront dinging at Le Sirenuse Miami and the Champagne Bar & Lounge and a soon to come Thomas Keller restaurant concept, spa, gym, shopping, private and hotel pools and beautifully landscaped gardens. Residences come in one-to-six bedroom plans ranging from 1,800 SF to 7,800 SF and 11-foot deep balconies. Tour the exquisite property below.
Le Sirenuse Miami and the Champagne Bar & Lounge