Miami Beach City Commission Grants Final Approval for Terra’s Deauville Redevelopment

The long-awaited redevelopment of Miami Beach’s historic Deauville Hotel site has cleared its final hurdle, with the Miami Beach City Commission granting full approval to Terra’s development plans. The decision, made on Friday, June 27, finalizes zoning, land use, building height, and public-benefit commitments, paving the way for a major transformation of the iconic North Beach property. With development plans now fully approved by the City Commission, the next step will be a review by the Historic Preservation Board later this year to evaluate design details and preservation components.

Terra’s plans include a partial reconstruction of the hotel’s historic elements, a new residential tower designed by Foster + Partners, major infrastructure upgrades, and a $7.5 million contribution toward the revitalization of the Byron Carlyle Cultural Center. The plan also commits to significant public benefits, including infrastructure improvements, increased beach access, public parking, and cultural investments. The overall project will feature reduced density compared to previous proposals, aimed at minimizing traffic congestion, infrastructure strain, and environmental impacts.

David Martin, CEO of Terra, described the Commission’s approval as a pivotal moment for both the Deauville site and the broader North Beach community. “The approval marks a major step forward in restoring the site’s historic and cultural significance,” Martin said. “With this green light, Terra is now fully committed to delivering a world-class development that reflects the community’s values, prioritizing architectural excellence, environmental responsibility, and meaningful public benefit.”

Originally built in 1957, the Deauville Hotel once stood as a symbol of Miami Beach’s golden era, famously hosting the Beatles’ first U.S. television performance. In recent years, however, the property fell into disrepair and was ultimately demolished following structural decline. Terra’s redevelopment aims to honor the Deauville’s legacy while contributing to North Beach’s long-term growth.

Public benefits included in Terra’s redevelopment plans include enhanced stormwater infrastructure to address flooding, two new pedestrian pathways connecting to the beachwalk, 150 public parking spaces, traffic improvements, and a $7.5 million contribution toward the revitalization of the nearby Byron Carlyle Cultural Center. According to Martin, the project is expected to generate over $16 million in annual revenue for the North Beach Community Redevelopment Agency, providing ongoing resources for neighborhood reinvestment.

“We look forward to working closely with the City and local stakeholders as we move into the next phase of bringing the reimagined Deauville to life,” Martin added.

Renderings via Terra

The Lincoln Coconut Grove Launches Sales in Miami's Historic Neighborhood

Coconut Grove, known for its lush greenery and vibrant community, is set to welcome a new residential development that blends modern luxury with historic charm. The Lincoln Coconut Grove has officially launched sales, offering 48 meticulously designed condominiums at 2650 Lincoln Ave. Developed by Element Development and LORE Development Group, in partnership with Leste Group and Opportunity Fundo de Investimento Imobiliário, the project seeks to elevate the standard of boutique living in one of Miami’s most cherished neighborhoods.

The Lincoln offers a variety of floor plans, ranging from one to four bedrooms plus a den, with residences spanning 1,323 to 3,073 square feet. Six penthouses, each approximately 3,000 square feet, feature double-height ceilings and expansive views of Biscayne Bay, Coral Gables, and the Brickell skyline. Prices start at $1.5 million, and sales are managed by ONE Sotheby’s International Realty.

The architectural and interior designs by Paredes Architects, Design Philosophy, and CITE Arquitetura reflect Coconut Grove’s unique character. The building’s façade is inspired by the neighborhood’s iconic banyan trees, with vertical contours and root-like forms creating a blend of aesthetics and practicality. Interiors include kitchens by Snaidero, plumbing fixtures by Brizo, Porcelanosa tiles, and Miele appliances.

The property features a double-height lobby adorned with a bespoke chandelier and a sculptural bronze glass wall. Amenities include a golf simulator, event room, theater, rooftop pool deck with private cabanas, yoga pavilion, dog park and a 2,000-square-foot wellness center with hot and cold plunges, sauna and a steam room.

“The Lincoln reflects the essence of Coconut Grove’s charm while embracing modern living,” said Jorge Rucas, Director of U.S. Real Estate at LORE. “Our vision was to create a residential destination that honors the area’s history and lifestyle while positioning it for the future.”

Situated in Miami’s oldest neighborhood, The Lincoln offers walkable access to Coconut Grove’s vibrant cultural and culinary scene. Nearby attractions include Cocowalk’s high-end shopping, Michelin-recognized restaurants like Ariete and Los Félix, and local favorites such as Sadelle’s and Regatta Grove.

For more information about The Lincoln Coconut Grove or to inquire about purchasing a unit please fill out the form below:

Iconic Luxury Hotels Debuts First U.S. Property with Palm House Hotel in Palm Beach

Iconic Luxury Hotels (ILH), renowned for its prestigious portfolio of historic and luxurious accommodations, will unveil its first U.S. property, the Palm House Hotel, set to open in Palm Beach this November. This marks ILH's entry into the American hospitality market, expanding its celebrated collection that includes the famed Excelsior Venice, Cliveden House, and Mayfair Townhouse.

Nestled in the heart of Palm Beach, just a stone's throw from the golden sands and the upscale boutiques of Worth Avenue, the Palm House Hotel embodies a Mizner-inspired design that pays homage to the region's architectural heritage. This new addition will be the eighth property in ILH's portfolio and the first on American soil.

After a meticulous three year renovation, the Palm House Hotel will feature 79 elegantly appointed rooms, including 21 luxurious suites, all designed to offer some of the most spacious accommodations on the island. Guests can enjoy floor-to-ceiling windows, arched doorways, and private terraces. Among the hotel's highlights are four expansive suites, including a grand Presidential Suite with a double-height living area that opens onto a balcony with panoramic views of the pool deck.

In addition to its lavish rooms and suites, the Palm House boasts a newly constructed ballroom complemented by a garden terrace and a poolside lawn, making it an exceptional venue for weddings, special events, and business meetings.

Andrew Stembridge, Executive Director of Iconic Luxury Hotels, commented, "The opening of Palm House Hotel represents a significant milestone for our brand as we extend our footprint into the U.S. market. We are thrilled to bring our distinctive blend of luxury and heritage to Palm Beach."

Founded in December 2016, Iconic Luxury Hotels is part of L+R Hotels, a global investment and management company with a portfolio exceeding 105 hotels and around 21,000 guestrooms. Each property in ILH’s collection is unique, yet they all share a dedication to delivering exceptional experiences. From Cliveden House in England to the Hotel Excelsior in Venice, ILH’s portfolio features some of the world’s most renowned hotels. The group also includes Chewton Glen, The Lygon Arms, 11 Cadogan Gardens, The Mayfair Townhouse, and The Chelsea Townhouse.

L+R Hotels, headquartered in London, has built a distinguished reputation through strategic investments and adaptability to market trends. The company manages a diverse portfolio of 23,519 rooms across the UK, Continental Europe, the U.S., and the Caribbean. This portfolio ranges from select service hotels to acclaimed five-star properties and luxurious resorts in exclusive destinations. L+R Hotels operates through four distinct groups: Iconic Luxury Hotels, Atlas Hotels, City Hotels, and Destination Hotels, each with its own unique character and focus.

With the introduction of the Palm House Hotel, Iconic Luxury Hotels is set to offer American travelers a taste of its renowned elegance and luxury, marking a new chapter in its storied history.

Historic "Woodsong" Home In Coconut Grove Designed By Legendary Architect Alfred Browning Parker Sells For $4.2 Million

The famed “Woodsong” home at 3003 Seminole Street in Miami’s hot Coconut Grove neighborhood has sold for $4.2 million. Featuring a stunning tropical modern design, surrounded by lush vegetation and a fresh-water pond, this home is truly one-of-a-kind. The buyer Pamela Day, developer and founder of Crimson Holdings, now owns a one-of-a-kind home that was built, and lived-in, by one of Miami's most iconic architects, Alfred Browning Parker. Known for his environmentally sensitive designs, this tropical modern home is one of his few remaining masterpieces and is affectionately named "Woodsong" as it is engulfed in mahogany wood, both inside and out. Compass represented both sides of the deal with Karina Reyes represented the seller Hans Feringa and Monique Feringa and Megan Probst represented the buyer.

The uniquely designed “Woodsong” home is made up of three distinct "pods" which are connected by an exterior breezeway featuring a 90-foot lazy river runs throughout the property. The backyard contains a sauna and a swimmable, freshwater pond.

The 4-bedroom, 5-bathroom, 2,600 square foot house is clad with solid Honduran mahogany, a valuable, high quality, durable wood that is one of the only genuine mahogany species that is grown today. Several floor-to-ceiling hurricane-impact windows and skylights, the home allows for an abundance of natural light and views into the botanical landscape. The “Woodsong” home is located in Miami's hottest neighborhood, Coconut Grove, with walkability to parks, the bay, and restaurants/bars.

As an ardent art collector and owner of multiple real estate assets in South Florida, Day's immediate connection to Woodsong was profound, perceiving it as a true work of art. Despite her extensive experience as a developer spanning over two decades, Day has no intention of altering Woodsong. Instead, she envisions herself as a guardian of the property, committed to preserving the architectural significance and original vision of Alfred Browning Parker, the esteemed architect behind Woodsong. Day regards it as Parker's magnum opus and aims to showcase it as such, carrying forward his legacy.

Images via Compass

Queen Miami Beach, Ultra Exclusive Modern Japanese Restaurant And Lounge, Set To Open February 2

Immerse yourself into a nostalgic world of decadence, glamour, power, and inimitable magnificence at Queen Miami Beach, South Florida’s newest luxury dining experience, set to open February 2nd, in the 5th street corridor of Miami Beach.

Celebrating the city’s history, Queen Restaurant & Lounge breathes new life into the iconic Paris Theater, built in 1945 by famed Art Deco architect Henry Hohauser, restoring the property to its original intended glory with over-the-top 21st-century splendor. Recognizable by album covers and music videos of Madonna, U2, J. Lo, Christina Aguilera, and Ricky Martin, the nostalgic design emulates opulence and allure, honoring the glam of the past while envisioning the mystique of the future. From the Rat Pack era of the 1950s to the hedonistic nights of the 1990s, the Paris Theater has evolved with the times and is reborn for a new generation with the creation of Queen Miami Beach.

“Being in the Miami market for over 15 years, and witnessing the city’s rapid growth, I saw an opportunity with the historic Paris Theatre to create an uber luxurious, selective, one-of-a-kind fine dining and nightlife destination. Miami has recently experienced an influx of some of the most influential people in the country, so we decided to go after this demographic, a more sophisticated, educated, elevated, and more mature type of clientele. Our goal will be to create the most beautiful, interesting, diverse, and fun mix of people possible, on any given night.” Said Mathieu Massa, entrepreneur, restaurateur, and sole owner of Queen Miami Beach.

Ushering in a new era of extravagance, Queen Restaurant & Lounge is designed to see and be seen. Extending the ultimate dining experience, the restaurant seamlessly blends superb Japanese cuisine and world-class hospitality, with today’s bold modernity of elevated nightlife to evoke a new era of posh, Miami has yet to see. With renowned interior designer Carlos Rodriguez of ModPlay Studio at the helm of Queen Miami Beach’s unrivaled design, guests will be amazed at the awe-inspiring reimagination of the space inspired by the preserved architectural details from the ‘40s.

Upon entering the golden doors, guests will be wowed by a custom mosaic handmade in Italy, sensual terrazzo floors, and a mid-century, brass chandelier from J.T. Kalmar. The convivial black and white mural located in the front entrance vestibule by local Miami Artist Gonzalo Fuenmayor was inspired by the exuberant Brazilian entertainer Carmen Miranda.

Follow the main entrance’s curved Art Deco passageway, made of brass slat, to The Salon Lounge where you’ll be met by ever-so exquisite Lobmeyr chandeliers - famously unveiled at the Metropolitan Opera House in 1966, original Paris Theater crown molding motifs refinished in gold leaf, and a gorgeous Calacatta Viola marble bar.

Arrive at the grandiose main dining room, mezzanine floors, or the members-only VIP Lounge to experience an orchestrated dance of space and depth, textures and context, lighting, and sound. Get a glimpse of the fine-dining kitchen through custom-looking glass windows as you approach the sensational Mondrian wall, the dining room’s awe-inspiring focal point. Take in unparalleled architectural and interior details as they unfold, reaching a zenith as you watch the LED-paneled Dome ceiling transform.

World-renowned Chef Julien Jouhannaud, known to oversee several Michelin-starred restaurants in New York and most recently led the culinary teams at Annabelle’s in London, serves as Queen Miami Beach’s Chief Culinary Officer overseeing local Chef Mitchell Hesse, leading as Queen Miami Beach’s Executive Chef. Together, the pair has created a carefully curated menu that blissfully marries French techniques with Japanese ingredients. Designed to be shared and intended to delight the senses, every dish is infused with superior flavor, dazzling creativity, and authentic, fresh ingredients.

“I look forward to being a part of a new chapter of Miami’s restaurant scene. Queen Miami Beach will offer a fully immersive experience of all your senses. Let the show begin!” Said Chef Julien Jouhannaud

Queen Restaurant & Lounge will take guests on a 5-star culinary journey through Japanese gastronomic traditions, matched with a modern approach. Dishes range from small plates to a curated raw and marinated section to sushi platters and seafood towers, which then segue into heartier main courses. American classics are reimagined through a Japanese lens with a focus on wood-fired grilling via a Josper Charcoal Oven and two Robata Flame Grills. A premier hand-selected butcher’s program revolves around the highest-grade American and Japanese Wagyu and exclusive Prime Grass-fed beef, while sushi offerings complement the dining experience with the finest seafood sourced from Japan and beyond. Desserts will be both sculptural and elegant, offering a sweet ending and a fitting coda to the extravagant dining experience.

An extensive cocktail program will encompass libations that incorporate fresh ingredients and Japanese spirits, while a separate world-class wine and champagne list will offer an elite selection from exclusive labels and boutique producers, including a unique partnership with the luxurious Louis XIII.

The distinct ‘Salon Lounge’ area will house Queen Miami Beach’s main bar, which will offer a selection of craft cocktails. The Salon Lounge bar will also serve as an after-dinner drinks destination or a spot to have an elegant nightcap while enjoying the venue’s lively atmosphere until late in the evening.

A covert ‘Omakase Counter’ will live on the second floor and peek out into the main dining room below, catering to those looking for chef’s selection of delicately composed nigiri and traditional dishes. From the exclusive theater balconies, guests will glimpse at the culinary fireworks occurring below, as dishes of exquisite Japanese cuisine are paraded through the plush dining room.

Channeling the sumptuously rich spirit of the famed Art Deco building it now calls home, Queen Miami Beach will denote an unrivaled indulgence of all the senses where elevated cuisine, excellent cocktails, and singular service reign supreme.

Queen Miami Beach will open Tuesday through Saturday, from 6pm until late, and is located at The Paris Theater, 550 Washington Ave, Miami Beach, FL 33139.

Coconut Grove Home Breaks The Record For Most Expensive Sale Per Square Foot On A Dry Lot

A non-waterfront home in Miami’s hot Coconut Grove neighborhood at 3467 Moorings Way has just broke the record price per square foot for a non-waterfront residence in Coconut Grove for the second time in a year after selling for $2,345 PSF. The property traded for $14.7 million in an off-market deal after selling for $12.8 million last year.

The lavish residence is located in The Moorings, one of Coconut Grove’s most exclusive enclaves with only 43 residences. The Mediterranean revival villa was originally designed and built in 1929 by Walter De Garmo is authentically designed a restored to perfection. The buyer was represented by Renier Casanova PA with Compass and the seller was represented by Jorge Uribe of One Sotheby's.

The walled and gated classic estate is masterpiece of Mediterranean inspired architecture, surrounded by a landscaped courtyard, garden, and loggia lined patios. The estate is situated on 28,577 square foot point lot with views of Biscayne Bay. The home was restored in 2002 by Portuondo-Perrotti and features 6 bedrooms and 7 bathrooms, spanning 6,200 SF. The interior is designed to the highest standards and updated to assimilate the with organic nature of the estate. The foyer and formal living room feature vaulted beam ceilings with details of stone and glass.

The home also features a formal dining room, lavish bedrooms with en-suite baths and a stunning master suite that exemplifies luxury and sophistication overlooking the private manicured grounds. Outdoors features a 2 car garage, separate guest home and beautifully landscaped gardens with a coral stone pool with landscape design by the award winning Sanchez and Maddux.

Walter De Garmo was prominent architect in Miami and its surrounding South Florida communities in the early 20th century. Several well known buildings designed by De Garmo still stand today including the Woman's Club of Coconut Grove, the 1907 Miami City Hall, the Miami Beach Community Church on Lincoln Road and 27 Star Island.

Images via 1 Oak Studios

Ytech Acquires 1500 Brickell, One Of The Last Remaining Historic Estates On Brickell Avenue

Miami-based real estate development and investment firm Ytech have acquired a historic mansion located at 1500 Brickell Avenue. Ytech is completing a multi-million dollar restoration and renovation of the property which is slated for completion by Q1 2023. The property joins Ytech’s ownership portfolio of prime addresses in Brickell including 1428 Brickell Avenue, 1548 Brickell Avenue, and 75 Broadway, among others. Ytech was represented by Stuart Kapp of KappMorrison, LLP in the acquisition.

“The acquisition of 1500 Brickell Avenue underscores our commitment to the area which is the epicenter of growth in Miami,” said Yamal Yidios, CEO of Ytech. “The restoration will bring to life the significance of this historic property, which when complete will serve as a complement to our luxury residential development efforts in Brickell.”

Originally built in 1931, the property, referred to as “Château Petit Douy,” was designed to resemble the Priory in Saint Julian, France and reflects the period revival style of architecture common during the first half of the twentieth century. Located in what was then known as the Millionaires’ Row neighborhood, the home remains as one of the few historic mansions left on Brickell Avenue. The property gained its historic designation status in 1983.

Since 2006, Ytech has developed and redeveloped more than 7,000 apartments in 25 submarkets across the Southeast United States, involving over $2 billion in capital. In addition, the firm currently has a development pipeline of more than $3 billion in residential projects in the Brickell area.

BODEGA TAQUERIA Y TEQUILA TO OPEN 5TH SOUTH FLORIDA LOCATION

Bodega Taqueria y Tequila, South Florida's iconic taco joint by day and speakeasy concept by night, is gearing up for its highly anticipated Coconut Grove opening on Thursday, August 25th. Marking the brand’s fifth location to date, Bodega is set to open by introducing a robust lineup of daily and nightly programming curated for locals and visitors alike to enjoy, housed in a 3,276-square-foot space built in 1922.

The historic space has been reimagined to reflect the brand’s trademark design, pumped with neon signs and bright colors thoughtfully juxtaposed by traditional, old-world Mexican design elements. The Grove outpost will offer a three-part experience including a fast-casual taco shack; a speakeasy-style lounge; as well as a high-end mezcaleria designed for exclusive tasting experiences - each with its own high-energy curated programming. 

“We are excited to continue growing the Bodega footprint with the opening of our first South Miami location,” said Jared Galbut, Co-Founder and President of Bodega Taqueria y Tequila. “The beautiful and historic Coconut Grove neighborhood is undoubtedly experiencing a moment of tremendous resurgence, and we are thrilled to be among the restaurant groups and businesses contributing to its revival.”  

Guests enter at the ground level of the Taco Shack, where they are immediately taken in by the aromas of Mexican street food-inspired cuisine wafting from the quintessential airstream trailer-turned-taco-truck. True to the brand’s commitment to deliver fresh menu items in a warm and lively setting, the menu is stacked with classic and innovative dishes locals and visitors alike have come to expect from the revered brand. All the popular items like Nachos and Quesadillas; legendary Burritos and Tacos, like the Barbacoa made with guajillo braised short rib, cotija cheese, red onion, potato sticks, cilantro, and salsa rosada; health- and vegetarian-friendly Build Your Own Bowls; and, of course Frozen Margaritas, are available to order for dine-in, pickup and delivery. 

Bodega’s second floor design showcases an array of beautiful details for the eye to enjoy, including an ornate wood entrance door, distressed aromatic leathers, aged brass metal finishes, and velvet drapery in agave-green accents. Hand-painted tin ceiling tiles by muralist Juan Rosas add color to the already whimsical décor featuring an eclectic mix of “found” seating and artwork. Together, these thoughtful details are meant to evoke the primitive feel of haciendas and create an ambiance with an undeniable energy that harks one back, nostalgically, to a bygone era of Mexican opulence.

In addition to the brand’s iconic menu, guests can look forward to “Margarita Monday”, featuring $5 Frozen Margaritas, available all day on Mondays. On Tuesdays, patrons can indulge in Bodega Taqueria y Tequila’s “Taco Tuesday” special, showcasing three for $11 Classic Tacos available in-stores, as well as on the Bodega app until 5 p.m. Also taking place is the brand’s iconic “Live Music Wednesdays” presented by 818 Tequila showcasing local musical performances by rotating bands from 7 to 9 p.m. On Thursdays, patrons can come in for “Thursdays on Tap” and enjoy $1 select rotating Draft Beer until the keg is tapped. Lastly, taking place Saturdays and Sundays, guests can indulge in “Liquid Weekend Brunch”, featuring large format cocktails, beer buckets and Mexican-inspired mimosas starting at 12 p.m. Following brunch, watch all of your favorite College Football and NFL teams, with continuing beer specials and half off well drinks for ladies during the games.

The Coconut Grove opening is part of an expansion for both the Bodega brand and the Miami neighborhood, the latter of which is currently experiencing a renaissance that has brought in a slew of new businesses to the area. Bodega’s flagship location opened in South Beach in 2015, followed by Fort Lauderdale in 2020. In August 2021, the first taqueria-only Bodega opened in Aventura, followed by a West Palm Beach spot in February 2022.  In early 2023, a second South Miami location will open in Coral Gables, followed by the opening of Bodega Taqueria y Tequila in Chicago, the first of several out-of-state locations. Additional Florida expansion includes a taqueria-only location at the Natiivo Miami Hotel & Residences in downtown Miami, as well as a hybrid concept in Wynwood. 

Bodega Coconut Grove is located at 3419 Main Highway and hours of operation are Sunday through Wednesday from 11:30 a.m. to 1 a.m. and Thursday through Saturday from 11:30 a.m. to 3 a.m.

Miami Developer Gregg Covin Announces Plans For Fairmont Hotel Branded Residences

Fairmont Hotels & Resorts, part of world leading hospitality group Accor, in partnership with Gregg Covin, notable Miami real estate developer, announced the signing of definitive agreements for the development and management of the first luxury branded residential offering in the Blue Ridge Mountain region of North Carolina - Fairmont Heritage Place - The Cedars, Hendersonville. Set to debut in 2025, the residences will build upon The Cedars’ legacy as a significant landmark while ushering in a new era of contemporary design, outstanding amenities and engaging service infused with local culture and premier hospitality.

Fairmont Heritage Place - The Cedars, Hendersonville will join an exclusive collection of extraordinary Fairmont-branded residences worldwide, offering private ownership with the option to participate in a rental program. Owners will enjoy all the benefits of owning a home with singular access to luxurious amenities and world-class services at Fairmont’s legendary hotels and resorts.

“We are pleased to announce the addition of Fairmont Heritage Place - The Cedars, Hendersonville, the first Fairmont-branded residences in North Carolina. For over a century, Fairmont has been intrinsically tied to the communities the brand calls home and committed to the stewardship of landmark hotels, restoring and preserving historic buildings with great care,” said Heather McCrory, CEO, Accor North & Central America. “A rare opportunity to own a piece of one of the Blue Ridge Mountain region’s most celebrated national buildings, The Cedars will be the most luxurious branded residential offering in the state. We are proud to add The Cedars iconic landmark to our rapidly growing luxury portfolio and continue its legacy for years to come.”

Fairmont Heritage Place – The Cedars, Hendersonville, a 127-unit luxury residential community, is set to transform the mountain city that has become the preferred second-home destination for generations of South Floridians and Northeasterners, due to its central East Coast setting and friendly outdoor culture. The 3.55-acre development includes a magnificent restoration of the original Antebellum grand hotel, which sits on the National Register of Historic Places, as the focal point. Two new six-story, mid-rise buildings will be comprised of studios, 1-, 2-, and 3-bedroom units and stunning penthouses, all with sprawling terraces and impressive mountain views. Prices are expected to range from USD $400,000 to USD $3.8 million.

The Cedars hotel was originally built in 1914 in Neo-Classical Revival style for Jeannie Bailey, whose husband, railroad tycoon J.W. Bailey, headed Southern Railway at the time. Just a few years prior, Theresa Fair Oelrichs and her sister, Virginia Fair Vanderbilt, debuted the first Fairmont hotel in San Francisco in honor of Nevada Senator and mining magnate, James Graham Fair. The historic similarities made for a harmonious union between The Cedars and Fairmont brand.

In 1976, the property was acquired by Clifton Shipman, great grandfather of Gregg Covin’s children. Covin began exploring the property’s potential in 2018 and has since partnered with the Shipman family and Brian M. Gaines to make his vision a reality.

“My family grew up at The Cedars and there is no better time to welcome the next generation to discover and feel at home in Hendersonville. Fairmont brings decades of experience restoring historic properties to their former grandeur and will deliver a level of sophistication the market has been waiting for while complementing the region’s inviting culture,” said Gregg Covin, Developer. “Fairmont Heritage Place - The Cedars responds to increasing desires for second-home ownership in Western North Carolina. Market studies show less than two months’ supply of available housing inventory, with demand outnumbering supply”.

The property will bring a new level of luxury, unforgettable experiences and outstanding service to the Blue Ridge Mountain region known for its beautiful scenery, rich culture and history, and welcoming community. Situated two blocks from the historic Main Street, the residences will be the new home to many of the area’s five-star amenities, offering an exceptional cuisine and beverage program appealing to owners, guests and locals, including a signature restaurant, a lobby bar and a specialty café. Additional property features will include flexible meeting and events space; an expansive wellness center with spa, multiple swimming pools and fitness center; a cooking school; a multifunctional family room; and retail space. Residents and guests have access to nearby private club with Tom Fazio-designed Champion Hills Golf Club. All of the area’s popular destinations are located within a 30 minute radius of Hendersonville, including Downtown Asheville, The Biltmore Mansion, the Asheville Regional Airport, the Blue Ridge Parkway and both Pisgah National and Dupont State Forests.

In addition to onsite privileges, Fairmont-branded residence owners are invited to join the Accor Ownership Benefits Program, presenting them with an invitation to join Diamond status in ALL-Accor Live Limitless, with access to a VIP reservation desk, and special residence owner rates at more than 5,000 Accor hotels and resorts worldwide.

Established in 1907, Fairmont Hotels & Resorts has built beacons of hospitality, magnificent architecture and service in extraordinary destinations; playing a significant role in shaping the social fabric of each location. Renowned for creating unforgettable grand hotels and residences in the heart of each destination, Fairmont was a natural match to continue the next era in The Cedars’ longstanding history. With more than 80 locations around the globe, and several under development, the Fairmont brand boasts some of the most renowned hotel and residential addresses in the world, such as The Plaza, a Fairmont Managed Hotel in New York City, The Savoy in London, Fairmont San Francisco, Fairmont Banff Springs in Canada, Fairmont Heritage Place Mayakoba in Mexico, and the recently reimagined Fairmont Century Plaza in Los Angeles, among others.

Fairmont is part of Accor, the second-largest operator of luxury hotels in North America and a leading hospitality group worldwide. Fairmont Heritage Place - The Cedars, Hendersonville joins an expanding list of highly anticipated openings in Accor North & Central America’s growing portfolio, including Sofitel Legend Casco Viejo Panama in 2022, Raffles Boston Back Bay Hotel & Residences in 2023, Fairmont La Paz Puerta Cortés Resort and Residences in 2023, Mayaliah Tulum Hotel & Residences – MGallery Hotel Collection in 2024, Fairmont Orlando and Fairmont Phoenix in 2025, among others.

Owner Of The Versace Mansion Acquires 1930's Era Miami Beach Boutique Hotel For $6 Million

The Nakash family, owner of several Art Deco hotels and South Beach’s former Versace Mansion, has acquired a 1930’s era boutique hotel located at 1350 Collins Ave. in Miami Beach. Renowned architect Wallace Tutt, who designed the Versace Mansion a few blocks away, also designed the building’s three villas. The 6,340-square-foot boutique hotel is in the middle of South Beach’s hottest resort district. The transaction was overseen by Lee & Associates South Florida President Matthew Rotolante and Associate Rodrigo Calderon and closed on April 28.

Originally constructed in 1930, the gated hotel can also be operated as a private club or residence. Property amenities include a large, landscaped courtyard with lounge couches, dining tables and a covered pool; a two-car garage and a 24-hour security system. The hotel is steps away from the beach and the many nearby restaurants, nightclubs, shops and parks.

“This property provides the buyer with another beautiful Art Deco hotel to complement its existing neighborhood portfolio. Opportunities to acquire jewels in the heart of South Beach like this do not come around often.” Said Lee & Associates South Florida President Matthew Rotolante.