Hedge Fund Mogul Steven Cohen's Point72 Asset Management Signs Lease At Nuveen's 701 Brickell

Point72 Asset Management, a hedge fund led by legendary hedge fund mogul and owner of the New York Mets, Steven Cohen, has signed a lease at Nuveen Real Estate’s 701 Brickell office tower. Point72 Asset Management, which has over $20 billion in assets under management, leased 9,000 SF in the 33-story, 648,708 SF building. The Cushman & Wakefield team led by Brian Gale, Andrew Trench and Ryan Holtzman represented Nuveen in the deal while Point72 was represented by Mitchell Millowitz and Neil Goldmacher of Newmark. The Stamford, Connecticut-based firm is also opening an office at 360 Rosemary in West Palm Beach.

701 Brickell spans offers views of Biscayne Bay and features modern, sophisticated amenities and services including 24-hour state-of-the-art security measures, on-site management, private fitness center, conference facility, full service beauty salon, and a covered parking garage. The building is LEED Gold Certified, Energy Star Rated and a USGBC LEED Gala Verde Award Winner.

Point72 Asset Management was founded in 2014 after SAC Capital converted its investment operations into a family office in 2014. In 2018, the firm reopened to outside investors following a two-year ban against managing outside capital. Point72 Asset Management currently has over 1,650 employees and 12 global offices including in New York City and San Francisco.

The announcement comes on the heels of private equity and venture capital heavyweights Thoma Brown, Founders Fund and Atomic all signing leases to move to Miami. Miami Mayor Francis Suarez has aggressively used Twitter to launch a viral effort to attract financial and technology firms from New York City and Silicon Valley. Goldman Sachs has reportedly been mulling moving a portion of their company to South Florida along with the New York Stock Exchange. Colony Capital, Elliott Management Corp., Blackstone, Virtu Financial, Boston Private, Florida Funders, Novo, Palm Drive Capital, Wealthspire Advisors and Citadel have all moved to South Florida, have opened or are in the process of opening and office.

Check Out This Residence At Four Seasons At The Surf Club Which Just Sold For $8.7 Million

A unit at Four Seasons at The Surf Club has sold for $8.7 million, a record $3,952 PSF for a non-penthouse unit. Residence #S705 sold is a 2 bedroom, 3.5 bathroom direct oceanfront residence which spans 2,201 SF. The residence was furnished with built-in shades, closets, travertine flooring, Richard Meier-designed kitchens by Boffi, Sub Zero & Miele appliances, gas cooktop, millwork & cabinetry throughout designed by the famed interior designer. Joelle Oiknine with ONE Sotheby’s International Realty represented the sellers and Jackie Dickstein represented the buyer.

The Surf Club has been an integral part of the cultural history of Miami Beach since its inception as a private social club founded by Harvey Firestone in the 1930's. Located at 9001 Collins Ave, the redevelopment of The Surf Club was led by Nadim Ashi’s Fort Partners and broke ground in March 2014. Four Seasons at The Surf Club sits on 9-acres with 965’ of direct beachfront on the Atlantic Ocean. The building features a 77 room Four Seasons hotel and 150 private residences across 3 glass towers, 2 of which are residential and 1 hotel. The newly restored development also includes full five star amenities including oceanfront dinging, spa, gym, shopping, private and hotel pools and beautifully landscaped gardens.

For more information about private residences at Four Seasons at The Surf Club, private showings or purchasing/ leasing information please fill out the form below:

The Kobi Karp-Reimagined Time Century Jewelry Center In Downtown Miami Signs Long Term Lease With High Profile Diamond Dealer

Time Century Jewelry Center, which set to become the premier destination for luxury jewelry retailers, wholesalers, consumers and watch enthusiasts in Downtown Miami’s Diamond District, has signed a lease with Freddy’s Certified Diamonds & Fine Jewelry. Freddy’s, considered a pillar of the jewelry & diamond district in downtown Miami, will occupy 2,500 SF in the new luxury jewelry center which scheduled to open in the second quarter of 2022. 

Time Century, formerly known as Metro Mall, is undergoing a $50 million renovation led by renowned architect Kobi Karp. With glass storefronts, soaring ceilings, elegant escalators and elevators, and state-of-the-art security, Time Century will be the first luxury high street retail property in Miami’s jewelry & diamond district. Once completed, the jewelry center will offer four floors of luxury jewelry retail and wholesale space as well as four additional floors of offices.

The wholesale retail space currently available ranges from 500 SF to 2,000 SF with rental rates ranging from $65 to $150 PSF. The redevelopment is led by Yair Levy, who leads Time Century Holdings LLC, a real estate investment and development firm with a diversified portfolio of holdings in New York and Florida.

“We are ecstatic to welcome Freddy’s to the growing Time Century family,” said Isis Pellegrino, who handles in-house leasing for Time Century. “The quality of tenants that Time Century continues to attract will make our jewelry center Miami’s premier destination for luxury jewelry retailers, wholesalers, consumers and watch enthusiasts. Our building truly marks a new beginning for one of the largest jewelry districts in the country that continues to grow in importance.” 

Since 1975, Freddy’s Certified Diamonds & Fine Jewelry has served as the leading jewelry destination for South Floridians with an in-store and online multimillion-dollar diamond inventory. Freddy’s offers a full range of services including custom designs, special orders and even a complete in-store repair center, with a specialization in a vast selection of GIA Certified Diamonds, engagement rings and wedding bands. Freddy’s will be relocating from another location in downtown Miami. 

“We are excited to expand our store in this rapidly growing city and look forward to being part of Miami’s new premier jewelry center,” said Howard Steinlauf, co-owner of Freddy’s.

Located along NE First Street and E. Flagler Street, Miami’s vibrant jewelry district is home to more than 400 jewelry stores in a four-block radius. The district generates close to $1 billion in sales annually.

For more information about commercial leasing in Downtown Miami, private showings or availability/ pricing information please fill out the form below:

Private Equity Powerhouse Thoma Bravo Signs Long Term Office Lease At OKO Group's 830 Brickell

The San Francisco-based Thoma Bravo has announced a milestone in its expansion to Florida as Miami continues to attract some of the largest tech, financial and investment firms to its growing epicenter. Thoma Bravo, which is one of the country’s largest private equity firms focused on the software sector, has signed a lease for 36,500 SF of space in 830 Brickell. Cushman & Wakefield represented the development partnership between OKO Group and Cain International while CBRE represented Thoma Bravo.

“I am so excited to welcome Thoma Bravo to our great city and I want to congratulate the team on finding a home in one of the most cutting-edge buildings in the Brickell neighborhood,” said City of Miami Mayor Francis Suarez. “I have thoroughly enjoyed getting to know Orlando and I know that he and his firm share our vision for a Miami that sits amongst the most innovative and adaptive cities in the world.”

Thoma Bravo Founder Orlando Bravo relocated to Miami late last year, and Partner Chip Virnig and other existing members of the Thoma Bravo team have already moved to the Miami region to begin extending the firm’s business and brand. Thoma Bravo is excited to grow its Miami presence through the recruitment of new and diverse talent in the region and to tap into the region's rich and growing community of tech entrepreneurs.

“Miami’s rich diversity and fast-growing technology and business hubs make it the ideal location for Thoma Bravo as we expand our business,” said Orlando Bravo, Founder and a Managing Partner at Thoma Bravo. “I want to thank Mayor Suarez for his support and encouragement in our decision to establish a new presence in Miami. We look forward to driving growth and innovation in the region as well as doing our part to contribute to the vibrant local community.”

Currently under construction, 830 Brickell is an AS+GG-designed 55-story trophy Class A-plus office building located in the prestigious Brickell Financial District. The project is a joint venture development between Vlad Doronin’s OKO Group and Cain International and is expected to be delivered in 2022.

830 Brickell will feature spectacular only-in-Miami panoramic ocean and city views, floor-to-ceiling windows, column-free spans, state-of-the-art digital infrastructure with Wired certification and a LEED Silver certification due to its progressive environmentally efficient design. The tower offers tech-forward, first-class amenities including an upscale rooftop restaurant and bar, a sky lobby with a nearly 2,500 SF health and wellness center and first-class conference facility, a 14th floor outdoor terrace designed by Enea Landscape Architecture, valet parking, electric vehicle charging stations, cafés and white-glove customer service including a 24-hour concierge.

“830 Brickell is the perfect home for Thoma Bravo Miami given its location in the city’s thriving business center and proximity to some of Miami’s best outdoor spaces,” said Chip Virnig, a Partner at Thoma Bravo. “We look forward to joining Miami’s growing finance and technology communities and providing a culturally enriching environment for our employees in this exciting new chapter for our firm.”

Thoma Bravo will occupy roughly 36,500 square feet on the two top floors and establish a state-of-the-art, flexible workspace to accommodate the firm’s growing employee base. Thoma Bravo expects to open its office at 830 Brickell in the fourth quarter of 2022, following the completion of construction. Thoma Bravo’s Miami-based employees have already begun working from a temporary office space.

Images via OKO Group/Cain International

For more information about commercial leasing in Brickell, private showings or availability/ pricing information please fill out the form below:

Neology Life Development Group Delivers The First Lifestyle Driven Multifamily Tower In Miami's Allapattah Neighborhood

Neology Life Development Group, led by Miami’s leading Hispanic female developer Lissette Calderon, has delivered No.17 Residences Allapattah. Located in Allapattah, bordering the western edge of Miami’s Health District and the Miami River, the residential development at 1569 NW 17th Ave is a 192-unit attainable luxury rental apartment building in Miami’s richly historic and newly rediscovered Fruit Packing District. 50% of the units were preleased at the time of delivery and residents have begun move-ins.

No.17 Residences Allapattah is developer Lissette Calderon’s first ground-up residential project delivered in the area. The project was designed by Behar Font Architects and construction was led by Jaxi Builders.

“Much like we did 20 years ago when we pioneered the renaissance of the Miami River, we are excited to be at the forefront of reimagining this neighborhood and bring Allapattah back to life,” said Lissette Calderon, president and CEO of Neology Life Development Group. “As Miami’s last original, authentic neighborhood yet to be revitalized, Allapattah made sense for us to write its next chapter and we’re excited to make the vision a reality beginning with the opening of No. 17 Residences.”

Apartment units at No. 17 Residences Allapattah feature energy efficient, stainless-steel appliances, designer cabinetry, quartz countertops, in-home washers and dryers, expansive City and River views and balconies in select units. As additional amenities, residents will also have access to smart package lockers including valet dry cleaning, coffee bar, complimentary wi-fi, covered parking garage, bike storage and digital access control throughout the premises. In addition, No. 17 Residences Allapattah will include seven unique ground-floor, work and live walk-up units with 12 to 18-foot ceiling heights.

Units at No. 17 Residences range from studios, one-, two-, and three-bedrooms ranging from 500 SF to 1,300 SF in size and will feature spectacular sweeping views of the Miami River and the city skyline. Rental rates start at $1,300 per month.

As a special nod to the area’s cultural appeal, Neology Life commissioned two prominent local artists to deliver street and mural art designs throughout the interior and exterior of the building including the Bollee Patino’s signature exterior marquis mural fittingly named “Rise Above.” Welcoming residents in the lobby is his 15-foot mural, “Be Yoursel Ballarina,” internationally acclaimed contemporary mix-media artist, Bollee’s first piece in Miami. The project also features signature murals by established Miami artist, Carlos Navarro, throughout the building including his piece “Strength.”

Amenities include a ground floor The Urban Park, which features an expansive green area with a children’s playground, a dog park and landscaping as well as a rooftop sky lounge with city and riverfront views. Other amenities include a movie screen on the 14th level and a swimming pool, outdoor living room with a summer kitchen, cabanas and sun deck on the fifth floor, a ground level features a fitness and wellness center including virtual classes, as well as a private zoom room and lobby living room with resident lounges for coworking and socializing.

The delivery of No. 17 Residences ushers in a new era for Allapattah, which is experiencing significant investments in real estate, arts and culture. New York-based Pace Gallery announced it chose Allapattah as the location of Superblue Miami, the immersive installation that will encompass an abandoned, 50,000SF warehouse opening this spring. The installation will be located near the Rubell Museum, home to 7,200 art pieces and the fine-dining restaurant Leku, which relocated from Wynwood after 26 years there. The neighborhood has also attracted new dining concepts such as New York staple Hometown BBQ, which chose Allapattah to make its Florida debut, and the recently opened Tayrona Restaurant + Patio from the owners of Wood Tavern in Wynwood.

PROFILE Exclusive Podcast Season 1 Episode 2 Featuring Kobi Karp of Kobi Karp Architecture & Interior Design

Season 1 Episode 2 of the PROFILE Exclusive Podcast by PROFILEmiami features Kobi Karp, Founder & Principal of Kobi Karp Architecture & Interior Design, which he founded in 1996. Based in Wynwood, Kobi Karp Architecture & Interior Design is a full-service architectural and interior design firm providing a vast array of services on projects, ranging from the design of large-scale, high-rise condominium and hospitality projects to intimate, low-rise residential and commercial structures. Kobi's restoration design techniques have contributed to a renaissance in one of this country’s most cherished areas, Miami Beach’s Art Deco District which is internationally recognized around the world. Kobi is behind many of the most iconic designs driving around Miami including the The Surf Club Four Seasons, Palazzo Del Sol Fisher Island, Cadillac Courtyard Miami Beach and Four Seasons Fort Lauderdale. He is currently designing the transformation of the historic Raleigh Hotel is South Beach.

The PROFILE Exclusive Podcast by PROFILEmiami, the leader in South Florida residential and commercial real estate news and content, profiles and gets intimate with the movers and shakers in the South Florida real estate industry. Throughout the series we will interview and get inside the minds of South Florida's top developers, investors, brokers, architects, designers, etc. The PROFILE Exclusive Podcast is hosted by Demetri Demascus Co-Founder of PROFILEmiami and Director of Business Development at private equity group Galium Capital as well as Katya Demina, Co-Founder of PROFILEmimai and Development Associate at development firm Royal Palm Companies.

The PROFILE Exclusive Podcast now available on Spotify and Apple Podcasts.

Or Listen On:

The Estate Companies Sells Soleste Twenty2 Multifamily In West Miami For $97 Million

The Estate Companies, a subsidiary of Estate Investments Group (EIG), has sold the Soleste Twenty2 multifamily apartment complex in West Miami for $97 million. Soleste Twenty2 is located at 2201 Ludlam Rd. and was developed by The Estate Companies in 2019. The buyer was the Dallas-based Westdale Real Estate Investment & Management Co. and the deal was overseen by Neyda Bravo and Luis Gonzalez of Bravo & Partners Realty. The stabilized multifamily property was 95% leased at the time of sale. Soleste Twenty2 rises 8 stories and features 338 units with amenities which include a rooftop lounge, pool deck with cabanas, sauna, fitness center, yoga room, jogging/walking trail, dog park, coworking space, game room and playground.

Step Inside This Lavish Tahiti Beach Estate Designed By Ramon Pacheco Which Just Sold For $28.9 Million

The ultra-luxe Ramon Pacheco-designed 4 Tahiti Beach Island Road has sold for $28.9 million, the highest price ever for the highly coveted, waterfront neighborhood of Tahiti Beach. The rare, lavish waterfront estate is located on the exclusive gated Tahiti Beach Island of Coral Gables, which is home to less than 30 estates with neighbors including NBA star Ray Allen and baseball player Manny Machado. The property was listed with Chad Carroll with The Carroll Group at Compass and Constantin Gorges, also from Compass, represented the buyer.

4 Tahiti Beach Island Road sits on 1.42 acres of lush, stunningly landscaped land complete with a private, sandy beach. The massive Tuscan estate designed by Ramon Pacheco features 10 bedrooms and 10.5 bathrooms spread over 21,235 SF along with 2 kitchens, a gym, media room with theater seating, a spa complete with a sauna, wine cellar, breakfast area overlooking the private beach, multiple luxurious en-suite bedrooms, and enormous master suite with private balcony overlooking the beach and a master-bathroom finished with exotic stone and a soak-in tub.

The home features multiple living areas on a grand scale seamlessly spread throughout the inside and outside. Every inch is finished with the finest, meticulous detailing, stonework and furnishings throughout including custom lighting, iPad control for the lighting, air conditioning and TV's of the entire property. 4 Tahiti Beach Island Rd. offers expansive ocean views throughout the property and from many of the living areas. Outside features a large heated pool overlooking the ocean, a grand covered summer kitchen and large dining area, lounge seating and sandy private beach.

Images via The Carroll Group with Compass

For more information about homes in Coral Gables, private showings or purchasing/ leasing information please fill out the form below:

Tricera Capital And Alex Karakhanian's LNDMRK Development Acquire Cube Wynwd For $28 Million

Scott Sherman and Ben Mandell’s Tricera Capital in partnership with Alex Karakhanian’s LNDRMK Development have acquired the recently completed Class A office building Cube Wynwd for $28 million. The transaction was financed with $19.6 million in financing split between a senior loan from Amerant and a mezzanine loan from Glacier Credit Strategies which were arranged by Scott Wadler of Berkadia. Cube Wynwd was developed in 2019 by Redsky Capital in partnership with JZ Capital Partners and was financed by Bank OZK and Lionheart Strategic Management.

The building is located at 222 NW 24th St. in Wynwood. Cube Wynwd was designed by Arquitectonica and rises eight stories and offering 100,000 square feet of commercial space. Coworking operator Spaces had leased roughly 30% of the property prior to the sale. The New York-based restaurant group Kissaki also recently signed a lease for the rooftop restaurant space. Other tenants include local retailer ILLIMIT and Bonci Pizzeria.

For more information about commercial leasing at Cube Wynwd, private showings or availability/ pricing information please fill out the form below:

Freddo Gelato Seeks To Continue South Florida Expansion After Inking Leases In Midtown And Pembroke Pines

SPONSORED - Freddo arrives at the American market to offer its 50 years of success and experience in offering the best artisanal gelato in Argentina. Not only does Freddo use the highest quality ingredients to make gelato, but it also combines tradition with a unique recipe for each flavor, there are no additives or conservatives in the production process.

Freddo has over 180 branches in 8 countries and has recently signed master franchise agreements in Chile and Mexico. The pandemic did not stop Freddo from expanding. On the contrary, Freddo has been very active searching for second generation retail opportunities in the market. During 2020, Freddo was able to open two new stores in South Florida taking over previous stores that were operated by similar tenants such as CREAM or Yogurtland; also they are currently in negotiations with one location in the area of Pinecrest.

During the pandemic, Freddo leased the CREAM space located in Pembroke Pines at Pembroke Centre, a Class-A shopping center that features a unique blend of local and national tenants including Twin Peaks, Xfinity, AT&T, European Wax Center, The Habit Burger Grill, Pieology and Firebirds Wood Fired Grill. This will become Freddo’s 7th location in South Florida, adding to it’s 180+ stores worldwide.

Freddo also leased the ex. 4D Gelato at the Midtown Shops marking the 8th Freddo location opened in the United States, adding to Brickell, Sawgrass Mall, Miami Beach, Coral Gables, Aventura, Pembroke Pines & Charleston.

Freddo is actively seeking 2nd generation retail spaces ( previously occupied by cafe, yogurt, ice cream or similar tenants) to continue their expansion across Florida & soon the rest of the country. The typical store layout is from 500- 1,600 square feet in total size and does not require any venting or hood system.

Freddo Gelato is currently seeking master franchisee/ multi-unit operators across the US.

The brand features:

• Easy operations, no complicated buildout of kitchen or exhaust

• Very low entry fee

• Easily manage the operations by flexing other franchise or restaurant operations already in place

• Very low investment per store for buildout cost

• Virtually no direct competitors in the high end traditional gelato space

For more info on franchising or to submit sites for review, please contact Sebastian Faerman at sfaerman@freddo.com or 786-262-3771.

FA Commercial is a commercial real estate brokerage led by Sebastian and Fabio Faerman. The firm brings a holistic approach with advanced transactional services for real estate developers, landlords, institutional investors and tenants. FA Commercial specializes in the disposition, acquisition, & leasing of commercial properties within Miami's top districts. FA Commercial has overseen over 850 transactions across all asset types and has over $1 billion in transnational volume.