A penthouse at the iconic Herzog & de Meuron-designed Jade Signature in Sunny Isles Beach has sold for $15 million. The Carroll Group represented both sides of the transaction for PH5503 with Chad Carroll and Matthew Dugow on the seller's side and Sheerelle Toledano on the buyer's side. Per public record, the buyer is EIN OD MELVADO TRUSTEE SI 55 LLC, while the seller is GABIUS MIAMI PROPERTIES LLC.
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Patek Philippe Nautilus-Ref 5711-1A - Image via Swisswatches Magazine
Is The Watch Market in a Bubble? Will it Burst Anytime Soon?
Something in the watch market has changed. Many say that this change is due to a “bubble” generating a surprising increase in price. The price of luxury items, more specifically pre-owned watches, has skyrocketed in the past 20 months leaving all buyers perplex on what is going on. But can it really be said that this market is in a bubble?
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Electra America and BH Group Reveal Plans for $1 Billion Redevelopment of 80-Acre Southland Mall Site In Cutler Bay
Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, have revealed preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami.
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The Ritz-Carlton Residences, Pompano Beach To Break Ground This Fall After Passing 75% Sold
The developers of The Ritz-Carlton Residences, Pompano Beach, Fortune International Group and Oak Capital, have announced the dual-tower property set to revolutionize legendary living in Pompano Beach has reached over 75% sold and plans to break ground Fall 2022. The Ritz-Carlton Residences, Pompano Beach will set a new standard for full-service, resort-style living in the tri-county area.
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Amar Lalvani, Carlos Rosso, Hassan Whiteside & Ryan Kelly
Rosso Development Celebrates The Grand Opening of The Standard Residences, Midtown Miami Sales Gallery
Developer Carlos Rosso and Standard International Executive Chairman Amar Lalvani hosted a cocktail event at The Standard Residences to celebrate the brand-new sales gallery in Midtown, Miami and the start of contract conversions. Attendees included NBA star Hassan Whiteside, Douglas Elliman CEO Jay Parker, Arquitectonica’s Raymond Fort, Urban Robot Associates’ Giancarlo Pietri and PROFILEmiami co-founder Demetri Demetri Demascus.
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Shoma Group Launches Condo Sales At Shoma Bay In North Bay Village
Miami-based developer Shoma Group has launched sales for Shoma Bay, a 21-story, 327-unit condominium on the corner of the 79th Street Causeway and East Treasure Drive in the waterfront community of North Bay Village. The 2.8-acre mixed-use development will be anchored by a 36,068-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and a Shoma Bazaar food hall.
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Level 6 by Amal Rooftop Lounge and Restaurant Opens In Coconut Grove
Influenced by the world’s swankiest rooftop bars from London to Dubai to Brooklyn to Beirut, Level 6 by Amal has opened in Coconut Grove. Level 6 is a spectacular 4,000-square-foot rooftop lounge and restaurant perched on the sixth floor above the critically acclaimed Amal restaurant with epic views of the sailboats dotting Biscayne Bay, canopies of trees lining Bayshore Drive and the world-famous Miami skyline.
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Terranova Reveals Arquitectonica-Designed Carbon-Neutral Mixed-Use Building On Miracle Mile In Coral Gables
Terranova Corporation, led by Stephen Bittel, has revealed plans for 93 Miracle Mile, the first carbon-neutral building in Florida on Miracle Mile in Coral Gables. The Arquitectonica-designed mixed-use commercial building will use electricity-generating photovoltaic glass and will be the first built under the new Miracle Mile Overlay zoning code.
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Ronny Finvarb and Joseph Chetrit Acquire Macy's Property Near Miami Beach's Lincoln Road For $15.5 Million
Bay Harbor Islands-based Finvarb Group, led by developer and hotelier Ronny Finvarb, in partnership with Joseph Chetrit, have acquired the Macy’s property off of Lincoln Road in Miami Beach for $15.5 million, $152 PSF. The iconic building, which is located at 1675 Meridian Ave., was developed in 1953 and is one of the oldest retail buildings in Miami Beach.
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The Arsht Estate - Image via 1 Oak Studio
Ken Griffin Revealed As Buyer Behind The Record Breaking $106 Million Deal For Adrienne Arsht's Bayfront Estate
When a residential sale crossed the $100 million threshold for the first time in Miami-Dade County history in August as The Arsht Estate sold for $106,875,000, many wondered who the mystery buyer was. It has been revealed that multi-billionaire hedge fund magnate Ken Griffin, who founded and recently moved Citadel Securities from Chicago to Miami.
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