PROFILEconnect: State of the Market Miami 2023 Presented by The Lighting Studio

On September 21 PROFILEmiami is set to host our largest event yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series will delve into the 'State of the Market Miami 2023 Presented by The Lighting Studio’. The experience will feature two panels featuring some of the biggest players in Miami’s real estate industry as they discuss the state of Miami’s commercial and residential real estate markets, matched with a trendy evening soirée of bespoke networking and cocktails.

Immerse yourself in Wynwood’s high-energy atmosphere at the luxurious Eclectic Elements Showroom for bespoke networking and cocktails highlighted by two engaging panels exploring the ‘Residential State of the Market’ & ‘CRE State of the Market’. The relaxed and open PROFILEconnect setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, continuing post-panel with cocktails by E11EVEN Vodka and sounds by local Miami-based DJ DAKAP.

The ‘Residential State of the Market’ Panel will explore pricing and availability across South Florida, luxury real markets, new developments, where are the buyers coming from, factors impacting pricing and demand, mortgages and future market outlook. Highlighted panelists include Edgardo Defortuna of Fortune International Group, the developer of St. Regis Residences, Sunny Isles Beach; Gil Dezer, the developer behind Bentley Residences Miami and Porsche Design Tower; Jay Phillip Parker, CEO of Douglas Elliman FL; Daniel de la Vega of ONE Sotheby’s International Realty; Nelson Stabile, Principal of Integra Investments and co-developer of St. Regis Residences, Miami; moderated by Simon Mass of The Condo Store.

The ‘CRE State of the Market Panel’ will offer an immersive discussion exploring current commercial real estate markets, which asset classes are poised for growth, entertainment & hospitality, capital markets and how are they impacting commercial real estate prices and future market outlooks for multifamily, office, retail, hospitality and industrial real estate. Highlighted panelists include hotelier Ronny Finvarb, commercial real estate investor Robert Rivani, hotel developer Alex Witkoff, multifamily developer Lisette Calderon of Neology Life, Scott Wadler of Berkadia, and legendary architect Kobi Karp.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.

Space is limited due to venue constraints, so buy your tickets soon before they sell out.

Thank you to our sponsors:

Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: September 21, 2023

Where: Eclectic Elements Wynwood Showroom 51 NE 24th St. Suite 103, Miami FL 33137

Time: 5 PM - 9 PM

Tickets: $150

Panelists (Residential):

• Edgardo Defortuna, CEO, Fortune International Group

• Gil Dezer, Dezer Development

• Jay Phillip Parker, CEO, Douglas Elliman Florida & Douglas Elliman Development Marketing

• Daniel de la Vega, ONE Sotheby’s International Realty

• Nelson Stabile, Integra Investments

• Moderated by Simon Mass, The Condo Store

Panelists (Commercial):

• Ronny Finvarb, Principal, Finvarb Group

• Robert Rivani, Black Lion Investment Group

• Lisette Calderon, Neology Life

• Scott Wadler, Berkadia

• Alex Witkoff, Witkoff

• Moderated by Kobi Karp, KKAID

Schedule:

• 5 PM - 5:45 PM: Cocktails & Networking w/ sound by DAKAP

• 5:45 PM - 6:45 PM: ‘Residential State of the Market 2023 Panel’

• 6:45 PM - 7 PM: Break

• 7 PM - 8 PM: ‘CRE State of the Market 2023 Panel’

• 8 - 9 PM: Cocktails & Networking w/ sounds by DAKAP

Sponsors

Partners

Platinum Sponsors

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Sponsor Event

Meet Our Residential Panelists For "PROFILEconnect: State of the Market Miami 2023 Presented by the Lighting Studio"

On September 21 PROFILEmiami is set to host our largest event yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series will bring together some of the top developers and brokers in Miami to discuss the state of South Florida’s real estate markets. The 'State of the Market Miami 2023 Presented by The Lighting Studio’ will feature both a residential panel and a commercial panel matched with a trendy evening soirée of bespoke networking and cocktails by E11EVEN Vodka.

The ‘Residential State of the Market’ Panel will explore pricing and availability across South Florida, luxury real markets, new developments, where are the buyers coming from, factors impacting pricing and demand, mortgages and future market outlook. The residential panel features some of the top names in Miami’s residential real estate game, bringing togethers panelists with a combined $3+ billion of real estate currently under development and leading the three largest real estate brokerages, having overseen a combined $5+ billion in transactions since 2020. Panelists include Edgardo Defortuna of Fortune International Group, the developer of St. Regis Residences, Sunny Isles Beach; Gil Dezer, the developer behind Bentley Residences Miami and Porsche Design Tower; Jay Phillip Parker, CEO of Douglas Elliman FL; Daniel de la Vega of ONE Sotheby’s International Realty; Nelson Stabile, Principal of Integra Investments and co-developer of St. Regis Residences, Miami; moderated by Simon Mass of The Condo Store.

Thank you to our Sponsors:

Meet Our Panelists:

Edgardo Defortuna, CEO & Founder of Fortune International Group

Edgardo Defortuna is President, CEO and Founder of Fortune International Group, a Miami-based full- service real estate firm recognized throughout South Florida, Latin America and Europe as a leader in high-end luxury real estate. He oversees all of the company’s activities across all of its business units. Edgardo is involved with the strategic decision making of the group, as well as the day-to-day operations of each of its divisions.

He started the business in 1983, and quickly became a driving force in real estate. Through his company’s success and far reach into U.S., European and Latin American markets, Edgardo is widely recognized for having made a significant contribution to the internationalization of Miami and its reputation as a global business, trade and vacation hub.

Edgardo is currently developing the St. Regis Residences, Sunny Isles Beach; ORA X Casa Tua in Brickell; the Ritz-Carlton Residences, Pompano Beach; and Nexo Residences in North Miami Beach, amongst others. He has been one of the preeminent developers in Sunny Isles Beach and Brickell, having delivered Jade Signature; The Ritz-Carlton Residences, Sunny Isles Beach; Jade Beach; Jade Ocean; Jade Brickell; and Fortune House, amongst others.

Daniel de la Vega, President, ONE Sotheby’s International Realty

As President of ONE Sotheby’s International Realty, Daniel de la Vega has been instrumental in building the brand along Florida’s East Coast since the affiliate was founded in 2008. The leading luxury brokerage now operates across Dade, Broward, Palm Beach, Martin, Indian River, Brevard and Duval counties with 30 offices and over 1,300 associates who generate annual sales in excess of $8.1 billion. Daniel applies his background in finance and marketing to manage a property portfolio totaling $7 billion-plus in both new, luxury condo developments and existing listing inventory. Being immersed in real estate for most of his life, including more than 15 years as a professional broker, Daniel holds unique insight into mastering real estate deals and building relationships throughout the globe. He regularly travels the world, from Latin America to Europe and throughout the U.S., in order to expand ONE Sotheby’s International Realty’s network and form partnerships that better serve the company’s distinguished clients. These efforts have been vital to fortifying the company’s local reach and worldwide presence.

Daniel has a great appreciation for the convergence of real estate, art, design and culture, qualities that are synonymous with the vibrancy of South Florida and the Sotheby’s brand. He is an avid art collector, with more than 100 works in his growing collection, and is active in the art community as a Board of Trustee Member at the Pérez Art Museum and a past member of The National Young Arts Foundation and Guggenheim Photo Committee. He is also a member of the Young Presidents’ Organization. A native of Miami, Daniel earned a finance and marketing degree from Florida International University, where he served on the Leadership Advisory Board for the College of Architecture and The Arts, and he holds a Master’s in Business Administration from University of Miami, where he serves on the board of the University of Miami’s School of Law Real Property Development LL.M Board.

Gil Dezer, President of Dezer Properties

One of the youngest developers of luxury high-rise residential and condo-hotel properties in the United States, Gil Dezer has been instrumental in changing the face and value of South Florida real estate. He has earned wide recognition as a key developer at the forefront of the luxury brand partnership real estate trend and continues to actively partner with major brands to further spotlight South Florida to buyers globally.

Most recently, Gil announced his partnership with Bentley Motors to construct the first ever Bentley Residences, 200-plus oceanfront residences which will launch sales later this year. Standing at 749 feet and over 60 stories high, the property will be the tallest residential tower on a U.S. beachfront.

Other Dezer Development oceanfront projects include the first-ever Residences by Armani/Casa tower in partnership with the iconic fashion and furnishings designer, Giorgio Armani. Developed in partnership with the Related Group, the project recently achieved its $1 billion sellout. Gil also partnered with Porsche Design Group to deliver Porsche Tower, a 60-story ultra-luxury tower showcasing a one-of-a-kind Patented robotic parking system known as the “Dezervator,” which allows owners to park their vehicles in ‘sky garages’ directly next to their units. Gil also led the Trump Organization’s first foray into the South Florida real estate market through the successful development of Trump Grande Ocean Resort and Residences and Trump Towers.

Notable future projects include the Intracoastal Mall, which will bring 2,000 residences, 375,000 square feet of retail, 200,000 square feet of office, a hotel, harbor and park to the Miami waterfront site, transforming the nearly 30-acre property.

Gil holds a Florida real estate license and is the past president and Chairman Emeritus of the Developers & Builders Alliance (DBA), one of the world’s largest development and construction organizations. He is a past recipient of the Greater Miami Chamber of Commerce’s R.E.A.L. Award for Residential Real Estate – Condominiums, and has taken home the Platinum Personal Achievement Award for Sales Director of the Year for Trump Grande Ocean Resort & Residences for three years in a row at the annual Florida’s BEST Awards.

Active in the community, Gil holds several positions including co-founder of the Mount Sinai Medical Center Foundation; Young President of the Miami Heart Institute; and member of Florida Friends of Israeli Defense Forces (FFIDF); Project Cradle in Miami; WIZO Florida; and One Family Fund Organization.

Jay Phillip Parker, CEO of Douglas Elliman Florida

Real estate industry leader and veteran, Jay Phillip Parker has served as the Chief Executive Officer of Brokerage for Douglas Elliman’s Florida region since 2013. He is also President of Douglas Elliman Development Marketing, Florida.

Responsible for the advancement of a leading provider of luxury real estate services across Florida, he has successfully grown Douglas Elliman’s presence in markets from Miami to Jupiter to Palm Beach, St. Petersburg, Ponte Vedra and Naples with a total of 27 offices and more than 1,300 agents.

Jay has been a key figure in the growth of the brand, which is now represented in luxury real estate markets in 53 countries and six continents through its partnership with London-based Knight-Frank Residential.

A graduate of the University of Western Ontario in London, Ontario, Canada, Jay completed the study abroad program in Tel Aviv, Israel while earning his bachelor’s degree. He went on to earn his Juris Doctorate from the University of Miami School of Law in May of 1998. A member of the Florida Bar Association, Jay serves on the Board of Governors for the Miami Beach Chamber of Commerce, as President of the Executive Board of Mt. Sinai Medical Center Foundation and a member of the Miami Association of Realtors Leadership Board.

Nelson Stabile, Principal of Integra Investments

Nelson Stabile was raised in a town in the Brazil Amazon and moved to South Florida when he was 15 years old. As one of Integra Investment’s founders, he understands the ins and out of real estate development, bringing a well-rounded perspective to a diverse portfolio. Nelson oversees the company’s accounting and finance, underwriting, construction, and risk management.

With more than 20 years of experience, Nelson is enthralled by real estate development, having been involved in the industry throughout his career. His market insight and expertise has led him to spearhead the company’s expansion into alternative investment classes.

Adept in construction, Nelson previously served as business director for South Pointe Construction & Development Co., leading the consulting and custom projects department for notable residences, including Sole on the Ocean and Symphony Towers.

In 2022, Nelson was appointed president of the Builders Association of South Florida. He is also an active member of Urban Land Institute and the Brazilian American Chamber of Commerce.

Nelson earned a Master’s Degree in Engineering and Construction Management from Florida International University and a Bachelor’s Degree in Business Administration, with a concentration in International Finance and Marketing, from the University of Miami. He is fluent in English, Spanish and Portuguese.

Moderator: Simon Mass, CEO of The Condo Store

Simon co-founded a ten-person boutique firm in 2004 that evolved into The Condo Store that now proudly hosts over fifty team members and more than 300 sophisticated high-net-worth clients from around the globe. Often recognized in Toronto as the architect of the pre-construction condo investment sector, with over $10 billion in transactions and a reputation that spans across North America as the creator of the bulk condo investment space.

It is common knowledge that condo investments have been the highest grossing asset class over the past 25 years in Toronto. Consistent deal flow isn’t based on luck but rather, it comes from the strong relationships garnered with Canada’s largest and most prestigious developers. These high-level personal connections allow TCS clients to have an advantage in the sector and ensures investing into a real estate project is not like throwing a dart and wishing for the best.

Simon has long-term relationships with hundreds of clients that include doctors, medical practitioners and business professionals across Canada. These clients account for over $500 million in annual investments. Simon’s long-standing relationships with leading developers continues to fuel The Condo Store’s investment engine.

About PROFILEconnect: State of the Market Miami 2023 Presented by The Lighting Studio

On September 21 PROFILEmiami is set to host our largest event yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series will delve into the 'State of the Market Miami 2023 Presented by The Lighting Studio’. The experience will feature two panels featuring some of the biggest players in Miami’s real estate industry as they discuss the state of Miami’s commercial and residential real estate markets, matched with a trendy evening soirée of bespoke networking and cocktails.

Immerse yourself in Wynwood’s high-energy atmosphere at the luxurious Eclectic Elements Showroom for bespoke networking and cocktails highlighted by two engaging panels exploring the ‘Residential State of the Market’ & ‘CRE State of the Market’. The relaxed and open PROFILEconnect setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, continuing post-panel with cocktails by E11EVEN Vodka and sounds by local Miami-based DJ DAKAP.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.

Thank you to our Sponsors:

Serafina and Sixty Vines Set To Open In Miami Worldcenter

Four national food and beverage concepts will be joining the extensive roster of tenants at Miami Worldcenter, the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership group has completed leases with Serafina, an internationally acclaimed and New York City-founded Italian restaurant group; Sixty Vines, a sustainable restaurant with an exciting wine-on-tap program and vineyard-inspired food; and a dual-concept location for BurgerFi and Anthony's Coal Fired Pizza & Wings.

Miami Worldcenter’s newest restaurants, which are anticipated to open in 2024, will build on the development’s exceptional lineup of recently opened food and beverage outlets, including three concepts by Ariete Hospitality Group’s Michelin-star-rated Chef Michael Beltran, Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar, and two additional restaurants expected to open soon, Earls Kitchen & Bar and Chicago’s Maple & Ash.

As one of the largest privately owned and developed urban real estate developments in Florida, Miami Worldcenter, which is currently coming alive in phases, features a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. Approximately 84% of the development’s retail space has been leased.

Miami Worldcenter is being developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.

“We’re excited to unveil another stellar lineup of restaurants opening soon at Miami Worldcenter, with Serafina, Sixty Vines, and BurgerFi/Anthony’s providing an excellent variety of dining options for our residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “From upscale Italian and sustainably sourced dishes for wine-lovers, to familiar fast-causal favorites, our newest food and beverage concepts will perfectly complement our existing restaurant offerings and appeal to foodies from all over – whether you’re grabbing a quick bite before a Miami Heat game or a concert at the Kaseya Center or visiting Miami Worldcenter for a five-star meal.”

Miami Worldcenter’s three newest restaurants are all expected to open in 2024:

Internationally acclaimed Serafina is known for its lively atmosphere and contemporary Italian cuisine crafted with the best imported quality ingredients. Since opening the first Serafina restaurant in New York City’s Upper East Side in 1995, the eatery’s ownership has expanded the Serafina family of restaurants with 46 locations across the eastern U.S. and in eight different countries around the world. Serafina’s Downtown Miami location at Miami Worldcenter will occupy 8,176 square feet of space at 652 NE 1st Avenue, Suite H-144, with outdoor patio seating along the development’s 7th Street pedestrian promenade.

Sixty Vines is a renowned restaurant collection celebrated for its commitment to sustainability through wine on tap and vineyard-inspired dishes. Often referred to as “the wine lover’s restaurant,” the globally inspired and seasonally sourced restaurant has locations across the country in Texas, Tennessee, North Carolina, and Florida. Sixty Vines’ Miami Worldcenter location will occupy 8,672 square feet of space at 150 NE 8th Street, Suite F-135, with outdoor patio seating overlooking the development’s World Square public plaza.

Franchisee NDM Hospitality Services, LLC, an innovator in the travel and dining industries, is bringing one of Florida’s first co-branded locations for the popular fast-casual and premium-casual chain restaurants BurgerFi and Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) to Miami Worldcenter. The dual-concept restaurant will feature both full-service seating and grab-and-go options from BurgerFi and Anthony’s, as well as a full bar serving beer, wine, and liquor. BurgerFi/Anthony’s Miami Worldcenter location will occupy 3,835 square feet of space at 851 NE 1st Ave., Suite C-114.

Retail leasing at Miami Worldcenter is led by CIM Group, a partner in Miami Worldcenter, and Miami-based The Comras Company. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Comras Company is a leading, boutique real estate firm providing retail leasing, asset sales, consulting, and development advisory services throughout South Florida.

“Food is a significant factor when people make decisions about where they want to live, work or visit and we have worked diligently to cultivate an array of appealing and popular concepts at Miami Worldcenter,” noted Shaul Kuba, Co-Founder and Principal, CIM Group. “The expansive collection of restaurant options at Miami Worldcenter offers residents and visitors a wide range of cuisines in diverse environments including on-the-go meals, casual and fine dining.”

In addition to its exceptional lineup of restaurants, Miami Worldcenter is also home to the brand-new affordable luxury citizenM Miami Worldcenter hotel, which opened earlier this year; a new showroom and service center for luxury electric vehicle company Lucid Motors; as well as recently opened locations for national retail brands lululemon and Sephora. Announced tenants set to open in the next year include dining and entertainment concepts Sports & Social and Bowlero; a permanent location for the world-famous experiential and immersive Museum of Ice Cream; as well as other nationally recognized concepts including Rihanna’s Savage X Fenty, Club Studio, Ray-Ban, and Posman Books.

Miami Worldcenter is now home to three completed residential towers – PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami. Additionally, construction is underway at phase one of the 52-story Miami World Tower, which will comprise 550 apartment units; at Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; at the second phase of Caoba, which will encompass an adjacent 40-story tower with 420 apartments; and at The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures.

Planned developments include 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures; a 65-story condo tower with 700+ residential units by New York-based developer Naftali Group; a mixed-use residential and commercial development by Abbhi Capital; and a three-tower mixed-use residential project by The Witkoff Group.

Complementing Miami Worldcenter’s retail streets will be World Square, a 20,000-square-foot outdoor public plaza and park. Designed as a central gathering place, World Square will serve as the heartbeat of the development featuring an abundance of open space, shade trees, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.'

Miami Worldcenter’s $5 million public art initiative – curated by international art dealer Jeffrey Deitch and Miami-based curatorial collective PRIMARY – transforms the streets and buildings of the 27-acre ‘city within a city’ into a permanent outdoor art museum. Now complete, the program features a variety of contemporary and modern art works – in the form of large-scale murals, paintings, and sculptures – created by globally acclaimed artists including Nina Chanel Abney, Woody De Othello, Viktor El-Saieh, Nick Cave, Trenton Doyle Hancock, Hernan Bas, Serge Toussaint, Zadok Ben-David and Franz Ackermann.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; the newly renamed home of the Miami Heat, the Kaseya Center; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which offers direct train service from Downtown Miami to Aventura, Fort Lauderdale, Boca Raton, West Palm Beach and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

Messi Mania: Construction Begins on Miami Freedom Park and Inter Miami CF Stadium

Inter Miami CF has begun construction began on Miami Freedom Park and The Inter Miami CF stadium, following the closing of one of Miami’s last remaining pubic golf courses, Melreese Country Club: Miami International Links. Construction is now underway on Miami Freedom Park, a 131-acre privately funded entertainment district development anchored by a new 25,000-seat fútbol specific stadium and 58-acre public park. Miami Freedom Park scheduled to open in 2025 and the official groundbreaking ceremony will take place later this year.

Crews and heavy equipment are now on site, performing earthwork and sitework that will move across the 131 acres concurrent with vertical construction. This multi-phase effort will see the stadium, public park, entertainment, hospitality, retail, and new infrastructure that make up Miami Freedom Park’s first phase all progress rapidly.

Miami Freedom Park will feature a full range of entertainment and commercial offerings including office space, hotel, shops, restaurants, the stadium and additional experiences and attractions. Recreational components of the project include a new 58-acre public park featuring soccer and youth athletic fields for the community.

"With Inter Miami my family set out to build something truly transformational. In just four years we have changed the perception worldwide of American soccer. As we commence construction of Miami Freedom Park that same vision guides us,” said Jorge Mas, Inter Miami CF Managing Owner. “In creating a multi-faceted space we will set a new standard of what sport complexes can be. We look forward to delivering a food and entertainment destination for families to enjoy year-round. I can’t wait to welcome our fans to our state-of-the-art stadium and hear the chants as Messi and your Inter Miami players take the pitch for the first time in 2025.”

Leasing and commercial partnership efforts are underway to attract best-in-class partners, tenants, and retailers, including established and emerging brands and companies that will enhance this iconic new destination for Miami.

Earlier this year, Inter Miami CF ownership brought on experienced megaproject and sports-anchored real estate investment and development veteran Devon McCorkle to lead the effort as President of Miami Freedom Park. Devon has further curated a team of best-in-class design, engineering, project management and construction firms to bring Miami Freedom Park to this milestone and move the project into the execution phase following completion of the planning and approvals phase.

“The level of attention and the influx of inquiries we are receiving have been incredible, a testament to the positive impact of Lionel Messi on Inter Miami CF and the City of Miami,” said Devon McCorkle, President of Miami Freedom Park. “Everyone wants to be part of what we’re creating, a new entertainment district that will be the centerpiece of family activities and experiences in Miami. We are in discussions with stadium sponsors, hotel brands, major attractions operators, restaurant groups, cultural institutions and many other exciting potential partners. We will deliver an incredible home for them at Miami Freedom Park.”

Miami Freedom Park’s design team team includes Miami-based architecture firm Arquitectonica, global arena and stadia design firm Manica, and industry-leading large-scale stadium project managers CAA Icon. Following delivery of the stadium and initial retail and entertainment offerings in 2025, Miami Freedom Park will deliver additional retail, hotel and commercial phases through 2030.

Miami hit Messi mania following the international soccer superstar and World Cup champion’s announcement he would join the American Major League Soccer team Inter Miami FC in a blockbuster mega-deal announced on July 15. Inter Miami CF, owned by David Beckham, Jorge Mas and Jose Mas, became one of the most-Googled soccer teams in the world surrounding Lionel Messi’s debut with the team this summer, garnering over 8.4 million searches in two months and searches for both Inter Miami CF jerseys and tickets up over 1,000%. Ticket prices jumped from below $50 on average to nearly $500 for the cheapest ticket to see Messi play live, similar ticket price spikes occurred for his first game with Inter Miami CF in Orlando as well as in New York. Following Messi’s announcement he would be joining Inter Miami CF the team’s Instagram account would jump from 175,000 followers to over 4.4 million.

Iconic New York Pizzeria Roberta's Set To Return To Miami With First Permanent Location At 72 Park

Lefferts, a real estate development firm specializing in high-quality residential and commercial properties in Miami and New York City, is thrilled to announce it has secured New York staple Roberta’s, a Michelin Bib Gourmand restaurant from co-founder Brandon Hoy and two-Michelin-starred chef and co-founder Carlo Mirarchi, as a tenant at its luxury Miami Beach condominium 72 Park. The Miami Beach outpost will be the iconic brand’s first location in Florida.

Established in 2008, Roberta’s started in a modest cinder-block warehouse in Brooklyn. The restaurant quickly became a neighborhood icon, capturing the hearts of foodies across the state with its diverse menu of artisanal plates and seasonal dishes curated with local, international and homegrown ingredients from its rooftop garden. The success prompted the owners to open a handful of locations across New York City. The brand has since expanded globally with a variety of eateries, from full-service restaurants to more casual concepts.

“We are very excited to introduce Roberta’s to the vibrant city of Miami,” said Roberta’s chef and co-founder Carlo Mirarchi. “The energy and diversity of Miami’s food scene resonates deeply with our commitment to providing fun and memorable dining experiences for our guests. With its rich cultural tapestry, Miami provides the perfect canvas and 72 Park the perfect home for Roberta’s first step into the Florida market.”

In addition to the restaurant, the Roberta’s team will also be bringing some of their popular programming. “We love the neighborhood,” added Roberta’s co-founder Brandon Hoy. “And can’t wait to not only serve this community, but to also add some Brooklyn charm to the city’s culinary landscape.”

Roberta’s will wrap around the northwest corner of 72 Park, a brand-new residential building located at 580 72nd St. The eatery will occupy 3,000 square feet of 72 Park’s approximately 10,000 square feet of prime, ground-floor retail space. The 22-story tower is slated for completion in Summer 2024 and will feature luxury residences ranging from 410 to 2,200 square feet, with prices starting in the $700,000s.

“Lefferts is committed to this neighborhood and is thoughtfully curating products and experiences that will celebrate and enhance the quality of life for residents and visitors. We couldn’t be happier that Roberta’s has chosen to open at 72 Park, bringing a taste of NYC and an award-winning dining experience,” said Jim Hedden, chief development officer of Lefferts. “Roberta’s is the perfect addition to the lifestyle and amenities planned for our luxury condominium.”

Designed by Built Form, 72 Park is centrally located within a pedestrian-friendly neighborhood where residents and guests can enjoy the best of both worlds: a peaceful, charming beachside community alongside the excitement of Miami Beach with instant access to recreation, restaurants, retail, music, arts and culture.

With interiors and landscapes designed by Urban Robots Associates, the LEED Gold-certified condominium tower includes Jr., one-, two-, and three-bedroom units that combine luxury and style with spacious floor plans, high ceilings, deep balconies, Italian cabinetry, imported stone and energy-efficient appliances. All units will be offered fully furnished and will include floor-to-ceiling, impact-resistant glass; keyless entry with SALTO and smart access controls; individually controlled and energy-efficient central AC and heating systems; premium bathroom fixtures, hardware and accessories. Advanced smart building features include high-speed, fiber-optic Wi-Fi access throughout and five high-speed passenger elevators with access control.

The property also features 64,000 square feet of luxurious amenities for residents, including an expansive 35,000-square-foot amenity deck with nearly an acre of lush, tropical landscaping; a 150-foot-long resort-style pool with cabanas; a bar and lounge with indoor-outdoor seating; a state-of-the-art fitness center with yoga lounge; 24/7 coworking lounge with private “pods”; kids playroom; private outdoor barbecue area; a private rooftop featuring a sun deck with dining areas and grills; and an outdoor screening area for movie nights and sporting events.

Renderings via Elephant Skin Studio / Lefferts

Housing Trust Group Delivers Flagler Station Affordable Apartment Community in West Palm Beach

Housing Trust Group (HTG), a developer of market-rate and affordable housing, has completed Flagler Station, a new $33 million affordable apartment community located in downtown West Palm Beach, Florida. It is the first new affordable apartment community to be built in the city’s downtown in 30 years.

A public-private partnership between HTG, the City of West Palm Beach and Palm Beach County, Flagler Station features 94 apartments reserved for residents earning no more than 30, 60, 70 or 80 percent of area median income, with rents ranging from $393 to $1,689. The property is ideally located just one block from the Florida TriRail/Amtrak station and five blocks from the Brightline commuter rail station connecting West Palm Beach with the cities of Miami, Fort Lauderdale, and Orlando.

The developer hosted a grand-opening ceremony with partners to commemorate the milestone on Monday, August 7. Speakers included Matthew A. Rieger, President and CEO of HTG; City of West Palm Beach Mayor Keith A. James and District 3 Commissioner Christy Fox, State House Representative Jervonte ‘Tae’ Edmonds; District 88, Executive Director Jonathan Brown from Palm Beach Housing & Economic Development Department, and Board Chairman Mario Facella of Florida Housing Finance Corporation.

“With a thousand people moving into Florida each day, investment in affordable housing has never been more essential,” said Rieger. “Flagler Station will provide much-needed housing for West Palm Beach’s service workers, first responders, teachers, and other lower-wage workers who play vital roles in the city’s economic success, but simply can’t find adequate, well-priced apartments near their jobs.”

According to Marcus and Millichap, the average rent in West Palm Beach jumped by more than 40 percent since the end of 2020, to $2,432 per month in March 2023. Sticking to the 30 percent rule, an individual or family would need to earn close to $100,000 per year to comfortably afford rent in the city.

"We extend our heartfelt gratitude to Housing Trust Group for their unwavering commitment to bringing affordable housing to the City of West Palm Beach. This partnership marks a significant milestone in our journey towards a more inclusive and vibrant community. We eagerly anticipate the positive impact this development will have on the City and its residents," said City of West Palm Beach, Mayor Keith A. James.

Located at 991 Banyan Boulevard, Flagler Station is an eight-story, high-rise property with a mix of one-, two- and three-bedroom apartments. Community amenities include a 3,200-square-foot, double-high multi-purpose clubroom, a computer/business center, a rooftop pool, a state-of-the-art fitness center, and on-site parking.

Named after Henry Flagler, the 19th-century industrialist who built the Florida East Coast Railway (FECR), Flagler Station’s site includes some of the original, now defunct FECR tracks, which have been incorporated into the development as part of a linear park featuring original artwork and murals. The City’s intent is to build out this park along the rest of the rail right of way to make it a true “rails to trails” conversion. This supports a transportation and mobility plan that the City adopted in 2018 featuring an integrated system of bike lanes, busways, train stations, trolley routes, sidewalks, and roads to reduce car traffic and make the city more pedestrian-friendly.

The building’s architectural design echoes the “brutalist” style that characterized the Old West Palm Beach City Hall, now demolished, and the Federal Courthouse buildings. With its partner, Corwil Architects, along with city officials, HTG delivered a design that is both contemporary and historic in its aesthetic. Archways were incorporated into the building facade to showcase structural elements, while giving reference to the Beaux Arts architecture of Grand Central Terminal.

Financing sources for Flagler Station include $23.27 million in 9% low-income housing tax credits through the Florida Housing Finance Corporation (FHFC) that were purchased by CREA; a $20.3 million construction loan from KeyBank; an $8.93 permanent loan through Freddie Mac; a $75,000 City of West Palm Beach loan; a $314,446 Palm Beach County grant; and a $550,000 HOME loan from Palm Beach County.

The project team for Flagler Station is general contractor Rinaldi Construction, engineer and landscape designer WGI, Inc., architecture firm Corwil Architects, and interior designer B. Pila Designs.

Images via Tony Tur

The Wharf Miami Set to Close Making Way For Groundbreaking Of Riverside Wharf On the Miami River

The Wharf Miami will close on Saturday, September 16 to make way for the expansion of the venue at the highly anticipated Riverside Wharf development. The iconic entertainment venue has welcomed millions of guests, hosted hundreds of cultural experiences and events, and became a space where countless cherished memories were made for all who have experienced the venue since its doors opened in November 2017. Originally the brainchild of Breakwater Hospitality Group’s Emi Guerra and MV Real Estate Holdings (MVREH)’s Alex Mantecon, The Wharf Miami has pioneered the open-air, waterfront concept and played a significant role in establishing the Miami River District as a world-class entertainment destination, as well as shaped the direction of entertainment venues in South Florida.

The Wharf Miami’s final weekend, dubbed “The Closing Parties” will be a monumental celebration kicking off with “The Closing Parties: & MORE!” on Friday, September 15, a themed celebration of everyone’s favorite moments and holidays at The Wharf Miami taking place from 4:00 p.m. - 3:00 a.m. The venue will be entirely decked out from top to bottom with “giant inflatables, photo moments, featured cocktails & more!” in celebration of The Wharf Miami’s most iconic events over the past five years. Seven themed bars with unique cocktails will include Cinco de Mayo, St. Patrick’s Day, Blowfish & Friends, HogWharf, Christmas and the 90s.

On Saturday, September 16, The Wharf Miami will host “The Closing Parties: Bon Voyage” from 12:00 p.m. - 3:00 a.m., the venue’s final day and a pure celebration of what makes The Wharf Miami. The first 500 people to arrive with an RSVP on Saturday will have a chance to spin a prize wheel to win The Wharf Miami merchandise. To RSVP for The Wharf Miami’s closing events, visit WharfMiami.com.

Upon closing of The Wharf Miami, seawall work will begin for the future site of Riverside Wharf, which is anticipated to break ground by end of year. Riverside Wharf will be home to the rebirth and expansion of The Wharf Miami, evolving from a pop-up experience to a world-class permanent establishment. Riverside Wharf as a whole will also include a 165-key Dream Hotel, an impressive 30,000-square-foot nightclub and rooftop day club, 16,000 square feet of signature restaurants, a 12,000-square-foot event hall, and a marina component.

“When we opened The Wharf Miami, it was a total game changer for the Miami River District and a never-before-seen concept in South Florida. Over the past six years, we have had the honor of operating this venue while bringing unique events, culinary concepts and an amazing atmosphere which forever changed Miami’s social scene. Watching the venue become so successful and beloved over time has been incredibly gratifying, we are proud to have created a space where guests felt welcomed and created lifelong memories,” said Emi Guerra, co-founder of Breakwater Hospitality Group. “While The Wharf Miami is closed, we are working hard to bring an impressive, elevated experience to Riverside Wharf, a project that would not have been possible without the support of our community. We invite guests to join us during the closing weekend to celebrate six incredible years of The Wharf Miami and what’s to come.”

Developed by MV Real Estate Holdings (MVREH) in conjunction with Driftwood Capital and Merrimac Ventures, the 10-story, 200,000-square-foot project will be the defining development for Miami’s Downtown core as a city-within-a-city, all-encompassing destination for unparalleled entertainment, exceptional dining and world renowned hotel accommodations. It will encompass a highly amenitized, 165-key Dream Miami luxury hotel, a world-class 30,000-square-foot nightclub and rooftop day club, a high-energy 12,000-square-foot event hall and mezzanine, as well as The Wharf Miami’s expansion. The property has been designed by Jon Cardello of Cube3 Architects, with interior designs by world-renowned iCrave and landscape design by Savino-Miller Design Studio.

“As Miami locals, it has been incredible to watch our city grow and experience The Wharf Miami’s evolution over time. The Wharf Miami has truly put the Miami River District on the map as a world-class entertainment destination. We are excited to begin the development of Riverside Wharf in this special location. This project will become a landmark property for Miami's Downtown core and provide a never-before-seen experience to our community, as well as will bring The Wharf Miami back as a permanent establishment on the waterfront,” said Alex Mantecon, CEO of MV Real Estate Holdings.

Dedicated to improving the neighborhood and giving back to the community, the developers of Riverside Wharf will construct a new public riverwalk along the development site as well as a state-of-the-art sea level rise initiative that will include building a new seawall. The project also will pay homage to the neighborhood’s historic fishing culture with a permanent Garcia’s Fish Market, where locals can get the freshest catch daily.

Last August, City of Miami’s referendum item #152 was passed after being unanimously supported by the Miami City Commission. This referendum added 50 years to Riverside Wharf’s current lease of a city-owned parcel of land which will be part of the development site, paving the way for Riverside Wharf to become a longstanding part of the Miami River community. This vote allows Riverside Wharf and its development partners the ability to provide the community with more jobs, commit more money to the City of Miami, improve the riverwalk and public areas near the property as well as improve the conditions of the aforementioned surrounding seawall.

The Wharf Fort Lauderdale will remain open and operational, alongside Breakwater Hospitality Group’s additional concepts which include recently opened, open-air waterfront venue Regatta Grove in Coconut Grove; beloved Irish pub JohnMartin’s on Miracle Mile in Coral Gables; seafood-forward restaurant concept Rivertail in Downtown Fort Lauderdale; and open-air gathering spot Carousel Club at Gulfstream Park in Hallandale Beach.

Tory Burch Co-Founder Lists Lavish Miami Beach Estate For $49 Million

Christopher Burch, the co-founder of fashion brand Tory Burch and founder and CEO of Burch Creative Capital, has listed his lavish estate on Miami Beach’s prestigious North Bay Road for $49 million. The classic post-modern design showcases an air of timeless sophistication, find meticulously crafted living spaces, eight bedrooms and eight full plus two half bathrooms, that reflect South Florida living to its core.

Stepping into the main house, the wood paneling throughout evokes a sense of warmth and coziness. Within the interiors, impeccable detailing can be found in every room from the embroidered curtains and trimming to the furnishing and artwork. The layout includes four bedrooms with the master situated upstairs along with two additional rooms. Vaulted ceilings coupled with two closets and two bathrooms create a sense of luxuriously appointed privacy. There is another spacious bedroom downstairs that could serve as an alternate primary. Find a kitchen featuring a large dining area, separate prep kitchen, breakfast nook, and a dedicated butler’s pantry with a rotisserie oven. Several lush courtyard areas infuse a sense of tranquility into the space.

The guest house spanning 1,500-square feet features two separate entrances that can be configured as four bedrooms – in its current state it is situated as two separate bedrooms with one living area each.

Beyond the walls, find perfectly manicured grounds adjacent to the wide-open views of Biscayne Bay and 139 feet on the water complete with an oversized dock. A backyard pool offers an entertaining area with a covered pizza oven and grill. The pool on the side of the house boasts a steam and sauna, cold plunge and hot tub.

5050 N Bay Road is listed for $49 million by Mirce Curkoski and Albert Justo with ONE Sotheby’s International Realty.

Images via The Waterfront Team / ONE Sotheby’s International Realty

Disruptive Real Estate Brings Edgewater Vertical Development Site To Sale

Disruptive Real Estate, led by Miami power broker Stefano Santoro, has brought a world-class development site in the heart of Miami’s prime bayside in Edgewater, primed for an ultra-luxury hotel or condo project. The property, located at 702 NE 26th St. is currently asking $6.6 million.

Totaling 10,000 SF, the site’s favorable zoning, T6-36a-L allows for a variety of development uses with high density and building height. The subject property offers developers the opportunity to transform Edgewater’s skyline with an ultra-luxury condo or hotel project capturing the soaring population and rebounding hospitality market that the city is experiencing. The property features an FAR of 3 with buildable +/- 221,532 SF and density of 150 units per acre allowing 34.5 total buildable units on the .229 acre lot.

702 NE 26th St. is centrally located in Miami-Dade County on South Florida’s East Coast, positioned directly on NE 26th Street, which is off Biscayne Boulevard, a major north-south arterial road. The site is just east of Interstate 95, which connects to all major roadways in South Florida allowing easy access to area amenities. Positioned approximately four miles from Downtown Miami, seven miles from Miami International Airport and three miles to Port of Miami, the property offers unmatched accessibility to surrounding sub-markets.

Follow this link to check out the listing website and you can schedule a showing or get more information by contacting Stefano Santoro at 732-241-1940 or Stefano@disruptive-miami.com.

Images via Disruptive Real Estate

Torose Equities, LNDMRK Development and Terranova Corporation Acquire 255 Alhambra Class-A Office In Coral Gables

A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets.

255 Alhambra, located on 1.3 acres on Alhambra Circle, offers top-notch amenities, including floor-to-ceiling windows, a newly renovated lobby and proximity to Coral Gables’ best restaurants and entertainment. The seller was an affiliate of Deutsche Bank/RREEF. The JV partners plan to further amenitize the property, building on the recent improvements and capitalizing on the demand for Class A office space in Coral Gables.

“It is rare to find an institutional-grade property like this strategically located in a high-barrier-to-entry submarket with so much upside potential,” said Scott Sherman, founder and principal of Torose Equities. “This property is positioned to generate strong returns with stable in-place cash flow. Our contrarian approach of buying office and retail spaces when everybody is being extremely cautious has once again enabled us to find strong value in an asset class and market we’re very bullish on.”

The JV partners expect to see strong demand for office space in Coral Gables in the coming months and years, as leases in more expensive office submarkets begin to expire. Rental rates in markets like Brickell, downtown Miami and Coconut Grove have increased significantly since the onset of the pandemic, making lease renewals unaffordable to some companies. Case in point: between Brickell and downtown Miami, approximately 1.9 million square feet of tenant leases are scheduled to expire over the next four years. On top of that, companies from outside the region continue to move to Miami in pursuit of a more business-friendly environment. The influx of tenants seeking to take advantage of Coral Gables’ discounted rents will, in turn, fuel rents in 255 Alhambra.

“Terranova has long seen the growth potential for Coral Gables, and we are thrilled to continue to invest in the community through the office building acquisition at 255 Alhambra Circle,” said Stephen Bittel, founder and chairman of Terranova Corporation. “We enjoy working alongside the Torose Equities team and aligning on our understanding that Coral Gables is in the midst of an incredible commercial and office real estate boom. The area offers companies a holistic business and lifestyle opportunity which serves as an extremely attractive alternate to traditional hot commercial real estate markets like Brickell and Downtown Miami.”

As the largest property owner along Miracle Mile, Terranova has a strong, active presence in Coral Gables. The company’s retail expertise will play a significant role in bringing top retail tenants to activate the building’s ground-floor retail space.

Together, Torose, Lndmrk and Terranova will execute the business plan for 255 Alhambra. The JV will leverage its extensive experience in leasing and operating office assets to lease up the existing vacancy and upgrade the building amenities.

"Coral Gables is a market with a great deal of untapped potential, and this acquisition is a tremendous opportunity for the partnership," said Alex Karakhanian, founder and principal of LNDMRK Development. "I look forward to continuing to grow our relationship with Torose and Terranova as we explore other opportunities for acquisition and repositioning in this bourgeoning submarket.”

Downtown Coral Gables is one of South Florida’s most pedestrian-friendly neighborhoods with the ideal environment to live, work, eat and shop all in one place. 255 Alhambra is a block away from Giralda Avenue, home to “Restaurant Row” with 22 food and beverage establishments all concentrated in the portion of the street closed to traffic. The building is also about four blocks north of Miracle Mile, a premiere destination for shopping, dining, and entertainment.

This acquisition comes shortly after Torose’s first office acquisition of 6302 Corporate Center in partnership with Merrimac Ventures in Tampa and its recap of a 300,000-square-foot office building in Midtown Atlanta, called The Peachtree, with Banyan Street Capital. Torose remains bullish on select office and retail markets as it continues to employ its contrarian approach to investing.

Images via Torose Equities