Image via LPG/ The Inside Network/ Alyssa Jansheski
Miami Beach’s exclusive Star Island has emerged as the leader among the most expensive neighborhoods in the United States, leading Port Royal in Naples, FL and Beverly Hill’s Beverly Hills Gateway and Trousdale Estates, according to sales data from Zillow Group Inc. The average home sale on the ritzy island in 2022 traded for $40.2 million, up $16.7 million and 71% from 2019 when the average home sale on the island was $23.5 million.
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The personal Miami Beach waterfront estate of Albert Reichmann, the late billionaire property patriarch of the Reichmann real estate dynasty that built the World Financial Center in New York City, has hit the market for $29.9 million. The Reichmann family, an Orthodox Jewish family who fled Vienna in 1938 and founded Olympia & York Developments, became the largest private owner of commercial real estate in New York City for a period of time.
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The historic Miami Women’s Club in Edgewater is set to be transformed with the opening of Casadonna, a Coastal Italian-inspired restaurant developed in partnership between Groot Hospitality and Tao Group Hospitality. The restaurant is slated to open Summer 2023 in the waterfront Mediterranean revival historic Women’s Club building, which was placed on the National Register of Historic Places in 1974.
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AVRA Miami, the acclaimed Greek restaurant from NYC, is now open at The Estates at Acqualina™ in Sunny Isles Beach. The debut marks the fifth outpost for the more than two-decade-old brand that opened its first location on Manhattan’s East 48th Street in 2000. Today, it has two more Manhattan locales and another in Beverly Hills. The Miami outpost is a dining experience like no other, with a covered outdoor dining patio overlooking the Atlantic Ocean.
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Location Ventures has revealed a first look at the interiors for EDITION Residences Fort Lauderdale, designed by internationally recognized designer Clodagh. Inspired by its serene waterfront setting, the 11-story, two-tower marvel presents airy, refined residences that unite modern sophistication with understated elegance to deliver a new kind of highly intuitive luxury. Located along Fort Lauderdale Beach’s Intracoastal Waterway at 551 Bayshore Drive, the project broke ground last month.
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Only one year after its groundbreaking, El-Ad National Properties, an Elad Group company, have topped off ALINA 210 at ALINA Residences Boca Raton, an award-winning, world-class residential destination in the heart of downtown Boca Raton. ALINA Residences broke ground on its phase two development in March 2022, which includes two buildings: ALINA 210 and ALINA 220.
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As demand for apartment living in Miami Beach continues to reach record levels, Mast Capital, led by Camilo Miguel Jr., in partnership with Rockpoint, have launched its latest multifamily community set to transform the entry to Miami Beach at the intersection of the Julia Tuttle Causeway and Alton Road. Mast Capital and Rockpoint plan to develop a nine-story multifamily development with 178 units, located just off the Julia Tuttle Causeway.
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The neighborhood of West Coconut Grove has seen a rush of new development transform the sleepy neighborhood into a tropical modern townhome oasis. The recently completed 3162 Plaza Street at Casa Azzura Coconut Grove is move-in ready and one of the only new construction townhomes ready to welcome its first residents, listed for $2 million with ALTARA Properties. The residence is walking distance to Downtown Coconut Grove.
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Palm Beach’s infamous 10 Tarpon Isle, the only opportunity to live on your own private island in Palm Beach, has been completed and is on the market for $218 million. The once in a lifetime legacy estate was developed by South Florida’s leading ultra-luxury spec home developer Todd Michael Glaser and is listed with Christian Angle of Christian Angle Real Estate and Chris Leavitt of Douglas Elliman.
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Bentley Residences, the first-ever Bentley-branded residential tower in the world, will partner with four-time James Beard award-winning celebrity chef Todd English to curate the menu and experience for the project’s private restaurant concept which will only be open to residents of the ultra-luxury condo tower. Chef Todd English is a highly recognized restaurateur, author and television personality best known for his current restaurants.
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