First New Miami Building Breaks Ground in 2021

On Thursday, February 11th, Natiivo Miami - the first building purposefully designed, built and licensed for homesharing - officially broke ground in Downtown Miami. This event marked the first residential/hospitality groundbreaking post-pandemic and the first of 2021.  The building, in the heart of Downtown Miami, is slated to top off in August 2022 and completion is projected for Q3 of 2023.

Hospitality entrepreneurs Keith Menin and Marisa Galbut, developers of Natiivo Miami, spoke alongside Mayor Suarez to brokers, friends and family to mark this revolutionary development’s milestone of forging ahead with construction. Remarks were also made by Russell Galbut, Managing Principal of GFO Investments; and leaders from Natiivo’s exclusive sales team, Cervera Real Estate, including Alicia Cervera, Managing Partner;  Ali Paysse Cervera, Sales Director; and Jesse Ottley, President of Development.

Guests enjoyed live music by Brothers of Others, and coffee, pastries and light bites by Natiivo Miami’s culinary partners, Bodega and Dolce Italian. 

After coming to market in the summer of 2019, Natiivo™ Miami’s exclusive sales team, Cervera Real Estate, has successfully sold over 60 percent of the Natiivo™ Miami residences. The team has leveraged its knowledge of the Miami market and international experience, selling over 220 units in 2020, despite facing unprecedented circumstances.

Natiivo™ Miami is a vertically-integrated community that incorporates 448 condominium residences, 140 condominium hotel residences, a 100 unit hotel, a private social club called Natiivo™ Social, with 70,000 plus square feet of amenities, with a culinary experience curated by LDV Hospitality, and Creative HQ that includes 127 for-sale office condos, all under one roof. The development recently announced the addition of three coveted Miami brands, Dolce Mercato, also from LDV Hospitality, offering authentic Italian cuisine with the feel of a sophisticated food hall and the charm and service of a sit-down restaurant; Bodega Taqueria, South Florida’s iconic spot known for its authentic Mexican street food; and Gale Miami Hotel and Residences, the third Gale Hotel property in South Florida.

“With the migration to South Florida and the recent announcements of high-profile tech and finance companies relocating to and expressing interest in Miami, the continued growth of Downtown is imminent,” said Keith Menin. “We are confident that Natiivo™ Miami will play an integral role in this growth and are excited to forge ahead in construction. We’re optimistic for 2021 and hope to set the tone for the Downtown Miami market with the first groundbreaking of the year.”

Aston Martin Residences and The Miami HEAT Present "Legend's Court" To Commemorate Premium Corporate Partnership

Aston Martin Residences, the ultra-luxury condo tower under development in Downtown Miami, teamed up with the Miami HEAT to host “Legend’s Court,” commemorating their premium corporate partnership. NBA legends of the court, Kelly Olynyk and Glen Rice, were on the American Airlines Arena floor to conduct a coaching clinic extravaganza with an All-Star real estate team of Miami’s elite brokers. The three-time NBA All-Star and the HEAT’s current power forward presided over an All-Star team of ten real estate power brokers, representing Aston Martin Residences, for a high-intensity evening of basketball drills and guided instruction on how to finesse the perfect three pointer and lay-up.

Invited guests arrived to take photos in front of the impressive Aston Martin Zagato vehicle on display at the players entrance, before passing through the payer’s locker room to collect their commemorative t-shirt and take seats on the arena floor. Following a short video presentation of the Aston Martin Residences project, attendees were greeted with performances by the Miami HEAT Dancers and DJ, followed by a rendition by the Miami HEAT Street Band. Alejandro Aljanati, Chief Marketing Officer for G & G Business Developments, gave a welcome speech before the official Miami HEAT announcer, Michael Biamonte, introduced the ten power brokers in turn, who each ran on to the court amidst a blaze of game-day pyrotechnics and resounding applause.

The All-Star Aston Martin Residences team was then treated to a coaching session by Kelly Olynyk, and Glen Rice before all attendees were invited to join Miami HEAT coaching staff at different ‘drill stations’ located throughout the arena floor. Guests were then invited in to the Hyde lounge to enjoy a sumptuous buffet and open bar, located adjacent to a photo station displaying the three Miami HEAT Championship trophies.

The following Aston Martin Residences team of real estate brokers who were honored for their individual achievements, included: Roberto Malca (Cervera Real Estate), William Schraffi (SBC Realty International), Dilay Escalante (Brickell Realty Group), Fermin Alvarez (Miami One Real Estate), Ceilah Epner (South Florida Luxury Realty), Karen Elmir (Cervera Real Estate), Eric Beane-Laurie Finkelstein (Reader Realty), Thomas Pichet (Global Realty), Alex de Leon (One Sotheby’s), Paulie Hankin (Cervera Real Estate) and Sheila Bokstein (Brilliance Realty Group).

Habitat Group Launches Next Phase of Smart Brickell Condo Project

Habitat Group, a full-service asset management and development company, is launching sales at the second tower of their latest project, Smart Brickell, a mixed-use retail, condo and hotel development sitting on 1.23 acres along SW 9th Street.  

After selling out their first tower, with 50 hotel rooms and 50 condos, Habitat Group plans to break ground on a same size 25-story building in March, said developer Santiago Vanegas. The combined sellout of the two structures is an estimated $38.5 million.

Inspired by Habitat Group’s Smart Living Philosophy, the three building complex was designed by Hernando Carrillo and Arquitectonica Interiors to integrate technology, convenient lifestyle, architecture, and flexible short-term rental options for the modern homeowner. Perfect for working professionals or seasonal residents, Smart Brickell allows owners the ability to rent their units out up to 24 times a year, or about twice a month.

“We are seeing that the rental restrictions in most condos are limiting for a lot of buyers that want to have more options,” said Alicia Cervera Lamadrid of Cervera Real Estate, the team handling condo sales. Smart Brickell is offering its condos for less than other new developments in the neighborhood, with units starting from $300,000 to $600,000 and ranging from 558 to 1,117 square-feet in living area.

Buyers also have the option to participate in a fixed, two-year annual leaseback program. Vanegas estimates about 70 percent of the buyers in the first buildings are investors and 30 percent are end users.

Other developments, like YotelPad in downtown, are beginning to offer less strict rental guidelines as well. Despite issues with illegal short-term rentals that cause disturbances to neighbors and property, Miami has seen increased demand from residents who want the independence to designate their homes as a working asset to be able to generate an alternative income stream.

Smart Brickell condos conveniently come fully furnished upon completion, which is expected by end of the year in 2020. The apartments include smart home features and Bosch appliances, and an amenity deck with a terrace, resort-style pools, a fitness center, cafe on the ground floor, rooftop lounge bar and business center.

Article by: Katya Demina

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