57 Ocean Achieves $330 Million Sell-Out And Receives TCO With Closings To Begin In October

57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row has announced that it has achieved a $330 million sellout and has received its TCO. Closings are set to begin in October. Sales and marketing launched in 2018 and were led by Fortune Development Sales. Located at 5775 Collins Ave., 57 Ocean was developed by Brazilian billionaire Dr. José Isaac Peres’ Multiplan Real Estate Asset Management, led by managing partner Marcello Kingston.

57 Ocean offers 81-units which come in two to four-bedroom floor plans which started at $1.5 million. Units range in size from 1,200 to 3,600+ square feet, as well as 18 flow-through Sky Residences. The well-appointed homes feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. The buildings crown jewel penthouse sold for $36 million, a 7,500 SF Sky Residence with an additional 7,000 SF of outdoor space.

Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.

High-net-worth individuals have been attracted to 57 Ocean from across the globe, but primarily from New York, which accounts for over 65% percent of the tower’s domestic purchases. Buyers singled-out the project for its unparalleled location, contemporary designs by Arquitectonica and interior architect Patricia Anastassiadis, and robust assemblage of holistic “Blue Wellness” amenities and services.

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Renderings via DBOX

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57 Ocean Reports Over $90 Million In Sales Over Past 3 Months, Now 80% Sold

57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row has announced that it has achieved an unprecedented $90 million sold in 3 months in the midst of the global pandemic. The ultra-luxury oceanfront condo tower is now over 80% sold as construction is expected to be completed Fall 2021. Of those that have gone under contract in the last 90 days includes five of the property’s largest units, the Sky Residences. Sky Residences feature flow-through formats with both city and ocean views spanning four bedrooms, five-and-a-half bathrooms, plus service quarters. Sky Residences are priced from $8.5 million.

High-net-worth individuals have been attracted to 57 Ocean from across the globe, but primarily from New York, which accounts for over 65% percent of the tower’s domestic purchases. Buyers have singled-out the project for its unparalleled location, contemporary designs by Arquitectonica and interior architect Patricia Anastassiadis, and robust assemblage of holistic “Blue Wellness” amenities and services.

“57 Ocean continues to outpace the rest of the area’s ultra-luxury condominium market,” said Marcelo Kingston, Managing Partner of Multiplan REAM. “Our buyers understand the unprecedented value of living on the ocean in a brand-new, state-of-the-art boutique building that is not only well-sited in a tranquil, family-friendly neighborhood, but has such a distinct focus on holistic wellness. This project exceeds all expectations.”

“There’s no doubt that 57 Ocean is one of the most highly anticipated projects to enter the global prime property market,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “As evidenced by the sales momentum, the excitement only continues to build among well-heeled homebuyers who are increasingly attracted to some of 57 Ocean’s largest, flow-through floorplans -- the spectacular Sky Residences.”

Located at 5775 Collins Ave., 57 Ocean is the brainchild of Dr. José Isaac Peres, Multiplan Real Estate Asset Management’s founder and one of the most globally acclaimed developers, and is led by managing partner Marcello Kingston. The condominium will offer 81-units which come in two to four-bedroom floor plans, starting at $1.5 million with sizes ranging from 1,200 to 3,600+ square feet, as well as 18 flow-through Sky Residences. The well-appointed homes will feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.

Check out PROFILEmiami’s full coverage of 57 Ocean

Renderings via DBOX

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Multiplan Real Estate Asset Management Celebrates Top Out Of 57 Ocean on Miami Beach's Millionaire's Row With Giant Sandcastle

57 Ocean, an ultra-luxury residential project on Miami Beach’s Millionaire’s Row, has officially topped off construction at 18 stories. The project is being developed by Multiplan Real Estate Asset Management, who celebrated the milestone in tandem with the boutique oceanfront project’s exclusive sales broker, Fortune Development Sales, and the general contractor, Moss Construction. 57 Ocean broke ground in April 2019 and is on-schedule for next fall’s projected delivery date.  

“This is a triumphant day for us,” said Marcelo Kingston, Managing Partner of MultiplanREAM.  “Our team has worked tirelessly to ensure that all deadlines were met and expectations of our buyers are exceeded.  The global response to our project has been overwhelming.  To be more than halfway sold, with dozens of new prospective buyers reaching out to us daily -- recognizing the unmistakable value of a project of this size, scope, and setting -- is a point of pride to us, as well as to our founder, Dr. José Isaac Peres.”

 “We are proud to be celebrating this milestone today ahead of schedule -- a testament to the leadership, expertise, and excellence that have guided 57 Ocean and its rise,” said Scott Moss, CEO of Moss Construction.  “This is an absolutely beautiful project that is going to be a huge point of pride for Miami Beach and South Florida, as a whole.  The attention to detail is profound -- from the unique undulating façade of the building to the stackable sliding doors that seamlessly draw the outdoors in, and the wood-accented ceilings.  57 Ocean is truly a first-of-its kind project for the area with details that will set it apart from all other luxury buildings.”

57 Ocean, located at 5775 Collins Ave., is now approximately 60% sold. Just this month the sales team announced the purchase of a $7.8 million Sky Residence to a Miami Beach resident, who singled-out the project for its new construction, amenities, and oceanfront setting. In addition to 20 flow-through Sky Residences, starting at $6.95 million, 57 Ocean has one remaining penthouse, priced at $35 million. 

57 Ocean was designed by Arquitectonica with interiors by Patricia Anastassiadis of Anastassiadis Arquitetos. The waterfront building offers 71 residences as well as a selection of five-star, Blue Wellness-inspired amenities and designs. 57 Ocean will offer two- to four-bedroom residences, starting at $1.5 million, with sizes ranging from 1,245 to 3,474+ square feet. The well-appointed homes will feature expansive terraces, each stretching up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Amenities feature a holistic spa with products by One Ocean Beauty, a wellness pavilion with a thermal suite and relaxation areas, meditation and hanging gardens, poolside treatment cabanas, etc. Additional amenities include a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.  

“57 Ocean is unlike anything that’s currently on the market in Miami Beach,” said Edgardo Defortuna, founder and CEO of Fortune Development Sales.  “Our buyers know that this project is rare, offering a lifestyle that surpasses all wants and needs – especially in the wake of COVID-19.  These huge interiors, large terraces, the connection to the water, and focus on health and wellness are a winning combination that simply cannot be overlooked.”

In the face of the COVID-19 outbreak, the development, sales and construction teams took the opportunity to forego a traditional celebratory event by building a massive, six-foot-by-20 sand sculpture on the beach, adjacent to the site.  The sculpture, featuring a relief of 57 Ocean’s iconic undulating exterior, designed to resemble waves on the water, calls attention to the project’s ongoing support of the Oceana organization, which works to protect the world’s oceans. 

The public will be able to admire the whimsical piece while remaining socially distant while wearing complimentary 57 Ocean-branded masks.  57 Ocean’s developers will additionally host a beach clean-up with the Miami chapter of the Surfrider Foundation once coronavirus cases subside; the beach clean-up event was initially slated to take place the week of the topping-off.

57 Ocean Condo Secures $58.5 Million Construction Loan from Bank OZK

Miami Beach’s 57 Ocean, a luxury seaside condominium located on Millionaire’s Row and developed by Multiplan Real Estate Asset Management, has announced that it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. The financing will support the finalization of the 18-story project, which is already 50% complete and has reached the 11th floor this week. The 70-unit building is scheduled for completion in September of 2021. 

MultiplanREAM, founded by Brazilian developer Dr. José Isaac Peres, has invested approximately $150 million in cash into the project and has ensured that each benchmark has been efficiently met despite the current COVID-19 pandemic. MultiplanREAM and 57 Ocean’s exclusive residential brokerage, Fortune Development sales, have reported that in just 45 days, 11 units totaling $46 million have gone under contract (an average of 1.3 sales per week), and attribute the project’s success on its location, contemporary designs, and robust assemblage of amenities and services.

“57 Ocean is not only delivering a unique, healthful-living lifestyle for buyers but also providing another reassurance for their real estate investment,” said Marcelo Kingston, Managing Partner of MultiplanREAM.  “We are extremely proud to work with Bank OZK, the nation’s preeminent construction lender of marquee properties.  We have confirmed that we will top out this August and deliver the building in September 2021, as we had originally promoted.” 

The JLL Capital Markets debt placement team representing MultiplanREAM included Executive Managing Director Manny de Zárraga and Director Jesse Wright. The lending process began during the last week of March and lasted for 30 days, unlike the typical 90 that it normally takes.

“We are delighted to be working with MultiplanREAM in supporting the capitalization of this outstanding product,” said de Zárraga.  “This liquidity will enable the developer to pursue new opportunities that may emerge during moments of the current global crisis while expanding its footprint in the State of Florida.”

Designed by Bernardo Fort-Brescia of ARQUITECTONICA, with interiors by Brazilian designer, Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean will offer two to four-bedroom residences starting at $1.5 million, with sizes ranging from 1,200 to upwards of 3,600 square feet. Of 57 Ocean’s 70 units—which more than half of have been sold—10 Sky Residences start at $6.5 million, while its full-floor penthouse is priced at $35 million. Units will feature expansive terraces that stretch up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. To date, more than half of the units have sold to buyers from high-income tax states, including New York and California, as well as high-net-worth individuals from Latin America.

57 Ocean offers amenities such as a holistic spa with treatments by One Ocean Beauty, a wellness pavilion with a thermal suite and a relaxation and mediation area, as well as poolside treatment with cabanas, a state-of-the-art fitness center with top-of-the-line Mylsle training equipment by MyEquilibria, and an indoor Technogym fitness center. In addition to this, there will be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, and direct access to the nearby Miami Beach Walk.

“The excitement surrounding this development continues to build among ultra-luxury homebuyers worldwide—a testament to MultiplanREAM’s tremendous vision and subsequent success,” said Edgardo Defortuna, CEO of Fortune Development Sales.  “We are now looking forward to the next big milestone—57 Ocean’s topping off later this summer.”

By Isabella Zimmermann | Images via DBOX

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MultiplanREAM's 57 Ocean Reveals Ten Sky Residences Including Exclusive Penthouse Duplex

MultiplanREAM has revealed 10 Sky Residences which are being added to 57 Ocean as the developer is reconfiguring the building’s design to make way for bigger, more expensive units. The shift is to address the high demand from East Coast buyers, bringing the unit count to 71 units, and comes about a month after the project broke ground. MultiplanREAM’s founder, José Isaac Peres, has reiterated, “supply does not drive demand. Product does.”

The Sky Residences, which start at $6.95 million, have a flow-through design and offer more than 5,000 SF of indoor/outdoor living space. Each residences features four bedrooms, five and a half baths, a family room, and 12’-deep terraces facing both the city and the ocean. High-net-worth-buyers have been snatching up 57 Ocean’s existing Sky Residences, with 50% of the original collection having sold since sales launched in October 2018. MultiplanREAM anticipates continued strong sales and demand for these larger homes, which specifically appeal to well-heeled end-users who are seeking a single-family-style home in a brand-new beachfront condominium.

Multiplan REAM also revealed 57 Ocean’s exclusive “Penthouse Duplex.” Penthouses at 57 Ocean range from $15 million to $35 million. The massive “Penthouse Duplex” is a glass house in the sky and the ultimate customizable penthouse offering flexibility in terms of its size. The developer currently has the option of combining the two existing penthouses into one show-stopping, 360-degree top-floor estate, or expanding either or both of those penthouses into the floor below, which is what the Duplex would accomplish. Since the project is self-financed by Peres, more can be done upfront to suit the needs of discerning buyers.

57 Ocean is designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos. Amenities are comprised of a holistic wellness spa and pavilion, complete with a thermal suite (inclusive of a steam room, aromatherapy saunas, and an ice fountain), relaxation and meditation area, and a private spa suite; two expansive infinity pools; third-floor sunset deck; poolside treatment cabanas; a pool bar and social terrace lounge; summer kitchen pavilion with a grill area; a multi-purpose club room with chef’s kitchen for full gastronomic experiences; and a state-of-the-art fitness center with innovative MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. There will also be a library, children’s activity room, 24-hour concierge, valet and security services, and pool and beachfront concessions and attendants. Residents will additionally have direct access to 220 linear feet of beach and the adjacent, Miami Beach Walk.

For more information about 57 Ocean, availability private showings or purchasing/ leasing information please fill out the form below:

Multiplan Real Estate Asset Management Breaks Ground On 57 Ocean In Miami Beach

Multiplan Real Estate Asset Management has broken ground on 57 Ocean, an ultra-high-end, 18-story boutique condominium on Millionaire’s Row in Miami Beach. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean is already being singled-out by high-end buyers worldwide for its myriad of holistic wellness amenities and services. Dozens of industry leaders and top-producing broker-associates were in attendance for the April 4 groundbreaking ceremony, which included a champagne toast and an elegant brunch in the project’s $3 million, on-site sales gallery.  The 81-unit 57 Ocean is located at 5775 Collins Avenue and has been likened to a coastal retreat, blending extravagant design with an emphasis on healthy living. Moss & Associates is the general contractor for the project.

“This is a proud moment,” said Marcelo Kingston, Managing Partner, Multiplan Real Estate Asset Management.  “Even before putting shovels in the ground, the response from the market has been tremendous. We see the global interest in our project as being indicative of the demand buyers have…not only for sophisticated oceanfront living, but access to state-of-the-art features that are designed to bolster health and wellbeing. 57 Ocean is a rarity in the marketplace, and savvy, well-heeled consumers recognize that.”

The condominium is the brainchild of Multiplan Real Estate Asset Management’s leader, José Isaac Peres, an internationally recognized Brazilian developer and owner of major residential and commercial real estate holdings. Peres, who was in attendance for the commemoration, has longstanding ties to Miami, being the visionary behind a pair of landmark South Florida projects including the concept of Jade on Brickell Bay and the development of Il Villaggio on Ocean Drive.  During the ceremony, which was temporarily moved inside on account of rain, Peres spoke passionately about his company and its longstanding mantra. 

“Multiplan is known for going well beyond expectation,” said Peres.  “We believe in giving people more than what they ask for…and when we say we are going to do something, we do it.  Those are two of our pillars.  Even for today’s groundbreaking event, people wanted to know if we were going to postpone the celebration because of the weather…but despite the clouds, we moved forward.  Again, if we say we are going to do something, we make it happen…and our beautiful ceremony took place as planned.” 

“I’m very proud to be involved with Multiplan’s latest project,” said Edgardo Defortuna, CEO of Fortune International Group, parent company of Fortune Development Sales, the project’s exclusive broker.  “They always deliver on what they promise -- and even more.  During the opening party, Dr. Peres said he was going to start construction in April, and that’s exactly what he’s done.  As indicated by early sales, the market has really embraced 57 Ocean.  It’s a testament to the notion that when you have a quality developer producing a great product, the result will be a huge success.”

57 Ocean offers two, three and four-bedroom residences, ranging from 1,200 SF to 3,600+ SF; additionally, there are also two penthouses and two beach houses. The uniquely designed homes will feature expansive terraces, each stretching 12 feet deep with panoramic ocean and city views, glass balustrades, and one-of-a-kind ceilings with wood-like accents. Units will also feature contemporary Italian kitchens and baths by Poliform. Additional highlights within the residences will include marble countertops and backsplashes, 10-foot ceilings, Wolf and Sub-Zero appliances, Italian fixtures, natural stone floors, stone wall tiles in master baths, and private elevator entrances.

Amenities are comprised of a holistic wellness spa and pavilion, complete with a thermal suite (inclusive of a steam room, aromatherapy saunas, and an ice fountain), relaxation and meditation area, and a private spa suite; two expansive infinity pools; third-floor sunset deck; poolside treatment cabanas; a pool bar and social terrace lounge; summer kitchen pavilion with a grill area; a multi-purpose club room with chef’s kitchen for full gastronomic experiences; and a state-of-the-art fitness center with innovative MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. There will also be a library, children’s activity room, 24-hour concierge, valet and security services, and pool and beachfront concessions and attendants. Residents will additionally have direct access to 220 linear feet of beach and the adjacent, Miami Beach Walk. 

Pricing at 57 Ocean ranges from $1.5 million to $31 million with Fortune Development Sales as the exclusive residential brokerage. 57 Ocean is expected to be completed in September 2021.

Photos via Dylan Rives

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57 Ocean Releases New Renderings Ahead Of April 4 Groundbreaking On Miami Beach

57 Ocean, the ultra-high-end oceanfront residential project by Multiplan Real Estate Asset Management on Miami Beach, has revealed new renderings just weeks after opening its state-of-the-art-on-site sales gallery in anticipation of the projects April 4 groundbreaking. 57 Ocean will feature 81-units and has a unique focus on holistic wellness, capturing the spirit of a luxurious coastal retreat while coupled with an emphasis on healthy living.The contemporary light-filled homes, amenities, and common areas are crafted by Brazilian architect and designer Patricia Anastassiadis, drawing inspiration from the boutique condominium’s beachside setting, blended with an artful feel that is distinctly her own. The building was designed by the Miami-based architect Arquitectonica.

“57 Ocean’s lavish designs reflect the carefree nature and joyfulness of the Brazilian lifestyle – all while capitalizing on the residences’ adjacency to the beach and views of the Atlantic Ocean and cityscape,” said Anastassiadis, founder of Anastassiadis Arquitetos. “Through the implementation of sophisticated materials and handmade elements -- as well as the careful selection of art and design pieces, like Oscar Niemeyer’s modern furniture and Janaína Tschape’s contemporary art -- 57 Ocean will undoubtedly become a point of reference for top architecture and design in the Miami Beach area for generations to come.”

Residences will feature expansive terraces, each stretching 12’ deep with panoramic views, glass balustrades, and one-of-a-kind ceilings with wood-like accents.. Residences will also offer contemporary Italian kitchens and baths by Poliform, marble countertops and backsplashes, 10’ ceilings, Wolf and Sub-Zero appliances, Italian fixtures, natural stone floors and wall tiles in master baths, and private elevator entrances.

Amenities consist of outdoor massage and meditation rooms, an outdoor yoga deck, and a beautifully appointed wellness pavilion and spa with sweeping views. The spa features a thermal suite complete with a steam room, aromatherapy saunas, and an ice fountain, relaxation and meditation area, and a private spa suite. 57 Ocean will have two expansive infinity pools, a third-floor sunset deck, poolside treatment cabanas, a pool bar and social terrace lounge, summer kitchen pavilion with a grill area, and a multi-purpose club room with a chef’s kitchen for full gastronomic experiences. There will also be a state-of-the-art fitness center, connected to a terrace with a pool, equipped with top-of-the-line MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. Additional amenities and services include a library, a children’s activity room, 24-hour concierge, valet and security, pool and beachfront concessions and attendants, and direct access to the adjacent, brand-new Miami Beach Walk.

“The vision for the spa area came from a holistic approach -- blurring the lines between the indoors and outdoors,” added Anastassiadis. “From a design point of view, the furniture will not only add splendor to the setting, but complement the building’s relaxed atmosphere and strong connection to the environment – both trademarks of 57 Ocean.”

Prices for two, three and four-bedroom residences in 57 Ocean, including two penthouses and two beach houses, will range from $1.5 million to $31 million. Fortune Development Sales is the exclusive sales and marketing brokerage for the project.

Check out PROFILEmiami’s full coverage of 57 Ocean

Renderings via DBOX

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