Raffles Selects Coconut Grove for Its First Standalone Residences, With 35 Homes From $4.5 Million

Raffles Hotels & Resorts is bringing its first standalone residential development to Coconut Grove. Announced October 29, Raffles Residences Coconut Grove is planned as a collection of 35 private residences at 2545 South Bayshore Drive, with prices starting at $4.5 million. Mast Capital and BH Group are developing the project with the Accor hospitality brand.

Brandon Haw Architecture is leading the design for the Biscayne Bay address. Haw established his practice in 2014 after 26 years at Foster + Partners, where he directed the firm’s U.S. operations. The project will include a limited penthouse offering, according to the development team.

The announced collection spans two- to 4.5-bedroom residences, with sales anticipated to launch this fall. Douglas Elliman Development Marketing is handling exclusive sales and marketing, led by sales director Matthew Chook alongside Lourdes Alatriste, Jennifer Goldstein and Jorge Sanchez.

The Coconut Grove development extends Raffles’ residential business through a property dedicated entirely to private ownership. Its North American debut, Raffles Boston, combined a hotel with residences; the Miami project will introduce the brand’s first standalone residential model. Accor One Living is supporting the development, design and operation of the community.

“At this scale, the Raffles philosophy of hospitality can be experienced on a deeply personal level,” said Isaac Toledano, Founder of BH Group. The developers describe a service approach tailored to individual homeowners and their daily routines, bringing Raffles’ hospitality identity into a residential setting.

Owners will also have access to the Accor Ownership Benefits Program. According to the announcement, benefits include global VIP recognition, Elite membership in the ALL Accor loyalty program and preferred rates across participating Accor hotels and resorts.

Renderings: DBOX/Raffles Residences Coconut Grove.

MORE COCONUT GROVE COVERAGE

Related Group and BH Group Nearing Completion On The Residences at Six Fisher Island

Construction at The Residences at Six Fisher Island is advancing into its final stages, with the removal of the project's tower cranes marking a major milestone for the ultra-luxury waterfront development rising on Fisher Island's final developable parcel. Completion of Six Fisher Island is expected in late 2026 or 2027.

The tower cranes were recently dismantled and removed from the site as work continues across the 10-story building. Glass railings are progressing up the exterior, while construction of the project's north and south podiums is moving forward. The south amenities deck is also beginning to take shape, with mature rooftop trees now being hoisted into position.

Work is simultaneously advancing on the development's pools. Pool forms are being set across the lower levels and villa residences, with concrete pours underway as construction shifts increasingly toward the project's amenity spaces, exterior elements and finishing work.

Developed by Related Group, BH Group, Teddy Sagi and Wanxiang America RE Group, Six Fisher Island is a 50-residence ultra-luxury condominium development situated on the final developable parcel of the exclusive 216-acre Fisher Island. Coastal Construction is overseeing construction.

Residences range from three to eight bedroom floorplans with pricing starting from $15 million. The development has already recorded several major transactions, including the sale of two penthouses for a combined $150 million. Sales at Six Fisher Island are overseen by Douglas Elliman.

Designed by Kobi Karp Architects with interiors by Tara Bernerd and Partners, Six Fisher Island will feature residences ranging from three to eight bedrooms. The homes are designed around expansive indoor-outdoor living, with high ceilings, large terraces and panoramic windows framing views of the surrounding water and Miami skyline.

Residences will feature custom kitchens equipped with Sub-Zero and Wolf appliances, dual walk-in wardrobes within the primary suites and bathrooms designed by Tara Bernerd with natural stone finishes. Private elevator foyers are included throughout the residences, while select homes will offer private swimming pools and outdoor kitchens.

More than 1,000 linear feet of shoreline will frame Six Fisher Island's collection of indoor and outdoor amenities. Two resort-style pool decks will feature swimming pools, sunbeds, private cabanas and full-service bars, while an oceanfront wellness facility will provide dedicated spaces for cardio, Pilates, weight training and yoga.

A full-service spa with saunas and treatment rooms will complement the wellness offering. Additional amenities are planned to include a virtual reality game room, multi-sport simulator and interactive children's playground, along with services including a 24-hour concierge, house car and private transportation on and off Fisher Island.

Residents will also receive membership to the Fisher Island Club, providing access to the island's private golf course, tennis facilities, spa and fitness center, dining venues, beach club and deep-water yacht marina.

Accessible by ferry or watercraft, Fisher Island has long ranked among South Florida's most exclusive residential enclaves. Six Fisher Island's location on the island's final condominium development site, combined with its limited collection of 50 residences, positions the project as one of the most significant ultra-luxury developments currently under construction in Miami.

Images via PROFILEmiami | Renderings via Related Group

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Ritz-Carlton Residences, West Palm Beach Penthouse Last Listed at $16.95 Million Under Contract For North Flagler Record Total Price and PPSF

A penthouse at The Ritz-Carlton Residences, West Palm Beach has gone under contract after being listed for $16.95 million, setting a new benchmark as the highest-priced condominium sale ever recorded on North Flagler Drive by both total sales price and price per square foot.

The contract marks another milestone for the waterfront luxury development by Related Group and BH Group, underscoring continued demand for branded ultra-luxury residences in West Palm Beach as construction progresses toward its anticipated 2028 completion.

Located on the 27th floor, Penthouse A is the signature residence within the 27-story tower. The four-bedroom, five-and-a-half-bathroom home encompasses 4,897 square feet of interior living space, complemented by approximately 1,200 square feet of private outdoor terraces overlooking the Intracoastal Waterway, Palm Beach Island, and the Atlantic Ocean.

Accessed via a private elevator, the residence features expansive entertaining spaces, soaring 12-foot ceilings, floor-to-ceiling glass, oversized closets, dual primary bathrooms, and a highly customized floor plan designed to maximize indoor-outdoor living. Its elevated position within the tower and unobstructed southeast-facing views distinguish it as the project's premier home.

According to the development team, the purchaser is an existing Palm Beach resident seeking to upgrade to a larger primary residence while remaining in the area. The penthouse's spacious layout, privacy, and ability to accommodate both everyday living and large-scale entertaining were key factors in the purchase decision.

Developed by Related Group in partnership with BH Group, The Ritz-Carlton Residences, West Palm Beach will introduce 138 waterfront residences within a 27-story tower. Homes range from two to four bedrooms and approximately 1,532 to 3,331 square feet, with every residence oriented east to capture panoramic water views.

Designed by Arquitectonica, with interiors by Rockwell Group and landscape architecture by Naturalficial, the development combines contemporary architecture with The Ritz-Carlton's signature hospitality. Residences feature soaring ceilings, floor-to-ceiling glass, custom Italian cabinetry, premium appliances, expansive terraces, and private elevator access.

The amenity collection includes a resort-style waterfront pool deck, state-of-the-art fitness and wellness center, spa, entertainment lounges, coworking spaces, children's playroom, golf simulator, guest suites, and a full suite of Ritz-Carlton residential services. Construction is currently underway, with completion anticipated in 2028.

Renderings via The Boundary

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Related Group and BH Group Break Ground on Icon Beach Waterfront Residences in Hollywood

Hollywood's rise as one of South Florida's most coveted coastal destinations takes a defining step forward today with the official groundbreaking of Icon Beach Waterfront Residences. Developed by Related Group and BH Group, the 38-story, 350-residence tower rises above a shoreline perfectly situated between Miami and Fort Lauderdale, delivering a rare dual-water lifestyle anchored by a private 32-slip marina and resident-exclusive beach club at a price point that remains among the most compelling on South Florida's coastline.

The groundbreaking follows the recent closing of a $360 million construction loan from Tyko Capital, underscoring institutional confidence in both the Hollywood market and the development team behind it. With completion anticipated in 2028, the vision is rapidly coming to fruition.

“For years, Hollywood existed in the shadow of South Florida's more established coastal destinations. Not anymore,” said Nick Pérez, President of Related Group's Condominium Division. “The city is experiencing a remarkable transformation, and what we're building here is a direct reflection of that momentum. Today, we’ve started work on a destination where exceptional design, resort-inspired amenities and an unparalleled waterfront lifestyle come together for buyers who expect the very best and see Hollywood as the place to find it."

Positioned between the Atlantic Ocean and the Intracoastal Waterway, Icon Beach places residents at the center of South Florida's most extraordinary natural assets. With panoramic views stretching from sunrise over the ocean to sunset across the Intracoastal, the tower is crafted to celebrate water at every turn.

Envisioned by Cohen Freedman Encinosa & Associates with interiors by the award-winning Meyer Davis and landscape architecture by Witkin Hults + Partners, the development offers one- to three-bedroom residences spanning 948 to 2,580 square feet along one of South Florida's most sought-after stretches of coastline. Open-concept floor plans, floor-to-ceiling glass and oversized sliding doors open onto generous private terraces where the horizon stretches in every direction.

Primary suites offer a serene counterpoint, with spacious walk-in closets, spa-style bathrooms and soaking tubs appointed with fixtures from Kohler and Hansgrohe that transform everyday routines into something worth savoring. Kitchens are outfitted for both form and function with custom Italian cabinetry, large center islands and imported porcelain countertops in two curated finishes, paired with a premium suite of Bosch and Thermador appliances that bring a chef-inspired sensibility to every meal.

"What makes Icon Beach special isn't just its location, but how deeply the building is connected to the water around it," said Isaac Toledano, Founder of BH Group. "That philosophy extends from the residences themselves to the private marina, the exclusive beach club and the resort-style amenities designed around life on the water. The intention behind every detail is felt from every angle and there is simply nothing else in the market that comes close."

At Icon Beach, 40,000 square feet of amenity space unfolds around a single organizing principle: life is better on the water. The sparkling resort-style pool with sun shelf serves as the social heart of the property, flanked by stylish private cabanas and a tranquil spa and wellness center complete with cold plunge, steam room and Jacuzzi. A state-of-the-art 3,000-square-foot health club, equipped with advanced cardio and weight training equipment and dedicated yoga rooms, ensures that wellness is never more than an elevator ride away.

Beyond the pool deck, an outdoor cinema, sunset yoga lawn, summer kitchens and a reservable event space overlooking the Intracoastal Waterway create a setting that shifts effortlessly from a quiet morning to an evening among friends. A residents' gathering lounge and alfresco cocktail bar round out an amenity program conceived for every hour of the day.

Access to a private marina and a full-service beach club extend the Icon Beach lifestyle to the open ocean and Hollywood's beautiful shoreline. A dedicated concierge, 24-hour front desk, valet and security team ensure that every arrival feels like a welcome, and every request is met without hesitation. Select works from the world-renowned Jorge M. Pérez Contemporary Art Collection are woven throughout the common areas, lending Icon Beach a cultural depth that runs as deep as its design.

Icon Beach arrives at a pivotal moment for Hollywood, which recently celebrated its centennial anniversary – a milestone that reflects its remarkable evolution from a quiet beachfront retreat into one of the most sought-after waterfront destinations in South Florida. The Diplomat Beach Resort, long a cornerstone of the city's hospitality identity, recently reopened after a transformation and rebranding as Signia by Hilton, signaling the caliber of investment now flowing into the market. The Broward County Convention Center continues to drive consistent business activity, while ongoing development along the Hollywood Beach Broadwalk and a wave of acclaimed restaurants moving north from Miami are reshaping the city's culinary and cultural landscape. Sophisticated buyers are increasingly drawn to Hollywood's rare combination of natural beauty and urban convenience, and Icon Beach is where that demand finds its answer.

Renderings via ARX Creative

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Related Group and BH Group Break Ground on The Ritz-Carlton Residences, West Palm Beach

Leading real estate developers Related Group (Related) and BH Group, in collaboration with Marriott International, have officially commenced construction on The Ritz-Carlton Residences, West Palm Beach. Following exceptional pre-construction sales, with more than 70% of residences already spoken for, the boutique ultra-luxury development is expected to be completed in 2028.

“We surpassed $150 million in sales in the last six months, underscoring just how strong the West Palm Beach market has become – and how The Ritz-Carlton Residences, West Palm Beach is at the heart of that momentum,” said Nick Pérez, President of Related Group’s Condominium Division. “Having worked in this market for decades, we’ve seen West Palm Beach evolve into one of the most talked-about luxury destinations in South Florida. We knew this project would resonate, but it quickly emerged as one of the fastest-selling developments in our portfolio. We’re excited to see this trajectory continue.”

“West Palm Beach has entered a new era of growth, driven by strong migration trends and sustained demand for ultra-luxury waterfront living,” said Isaac Toledano, Founder of BH Group. “With The Ritz-Carlton Residences, West Palm Beach, we are introducing a product that reflects both the strength of the market and the elevated expectations of today’s buyers.”

Rising 27 stories along a prime waterfront site, the tower embodies the Ritz-Carlton’s timeless elegance and exacting design standards. Thoughtfully crafted by Arquitectonica with interiors by Rockwell Group and landscaping by Naturalficial, each of the 138 residences are intentionally oriented eastward to frame sweeping coastal views and vivid turquoise waters from every home – offering an uninterrupted connection to West Palm Beach’s waterfront lifestyle.

The two- to four-bedroom homes, ranging from 1,500 to over 3,000 square feet, are crafted to maximize light and air, with open layouts and floor-to-ceiling windows that extend effortlessly to expansive private balconies. The Chef-inspired kitchens are appointed with custom Italian cabinetry and top-of-the-line Sub-Zero and Wolf appliances while bathrooms showcase bespoke Hansgrohe fixtures. Each residence includes dedicated elevator access, an entry foyer, pre-wired smart home technology and keyless entry.

“Our goal was to create interiors that embrace the energy and beauty of life on the water,” said David Rockwell, Founder and President of Rockwell Group. “The eastern orientation shapes every detail, filling each space with natural light and horizon views. Floorplans flow seamlessly for both entertaining and everyday living, while materials, textures and finishes have been carefully chosen to balance elegance and functionality, making every residence as inviting as it is spectacular.”

True to The Ritz-Carlton’s legacy of exceptional hospitality, the Residences offer a refined collection of amenities and services curated to support comfort, connection and complete well-being. Managed by dedicated Ritz-Carlton staff, the experience begins with a dramatic bayfront pool deck featuring private cabanas, summer kitchens and poolside dining. Just beyond, a state-of-the-art fitness and wellness center offers the latest cardio and resistance training equipment, along with a world-class spa, private treatment rooms and his-and-hers steam and sauna facilities.

Residents will also enjoy an array of thoughtfully designed spaces for work, play and everyday living. Private conference and coworking areas offer seamless productivity. A dedicated children’s room and a gaming lounge with a cutting-edge golf simulator bring joy to all ages. Expansive outdoor terraces, multiple entertainment lounges and two fully appointed guest suites complete the amenity package, allowing for effortless hosting and leisure.

Throughout the property, a curated selection of museum-quality artwork from the Jorge M. Pérez Contemporary Art Collection enriches the residential experience. Residents also receive complimentary membership to the exclusive Cove Club, West Palm Beach’s premier waterside retreat offering dining, wellness and social programming.

Signature Ritz-Carlton concierge services complete the offering. From valet parking and 24-hour in-residence deliveries to personal arrangements for dining, travel, beauty and pet care, every detail is handled with warmth, discretion and precision.

Renderings via The Boundary

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W Pompano Beach Hotel & Residences Reveals Beachfront Bespoke Penthouse Collection

Preeminent real estate developers Related Group (Related) and BH Group, in collaboration with hospitality leader Marriott International, Inc., have revealed the penthouse collection within the highly anticipated W Pompano Beach Hotel & Residences. These exquisitely curated homes – with uninterrupted ocean views – bring an elevated level of design and amenities yet to be seen in Pompano Beach. Set along the region’s most stunning shoreline, the penthouses immerse buyers in a year-round coastal dream, offering remarkably expansive and supremely discreet light-filled sanctuaries. Prices range from $6.5 million to over $15 million, with the collection now officially on the market and open to buyer inquiries. Fortune International is the exclusive sales and marketing agent for W Pompano Beach.

“With these penthouses, we set out to create something extraordinary – residences that match the energy of the W brand and simultaneously push far, far beyond any home ever seen in this market,” said Nick Perez, President of Related’s Condominium Development Group. “This is a rare opportunity to own Pompano Beach’s residences as it emerges as South Florida’s next premier beachfront destination, at a value that’s impossible to find along South Florida’s waterfront today.”

Occupying the highest levels of the iconic 24-story tower, the nine residences double as waterfront sanctuaries with spectacular panoramic views and a seamless indoor-outdoor lifestyle. Inspired by single-family estates, penthouse floor plans range from 3,250 to over 6,200 square feet, with select residences offering even more expansive layouts that include double master suites and soaring ceilings up to 11 feet. Sunlight pours through the grand east-to-west windows, bathing interiors in natural light, while the sweeping terraces create the sensation of floating above South Florida’s spectacular coastline.

Crowning the property, three Premier Penthouses represent the pinnacle of the collection – a striking embodiment of coastal luxury at its finest. Each of these residences unfold onto a private, panoramic rooftop terrace spanning up to 2,800 square feet – a stunning outdoor retreat designed not just for relaxation but for unforgettable moments. Outfitted with climate-controlled lounges and a state-of-the-art summer kitchen, the terraces make entertaining effortless. These outdoor havens are completed by a shimmering pool deck that welcomes both peaceful mornings and vibrant sunset gatherings. Altogether, the rooftop areas offer some of South Florida’s most generous and thoughtfully crafted alfresco environments, where refined luxury meets the stunning natural beauty of Pompano Beach’s crystal-clear waterfront.

Penthouse owners also unlock the full W Hotels experience, allowing them the privacy of beachfront homes with the social energy of the five-star W brand. The sprawling 60,000-square-foot beach club-inspired WET® Deck transforms into the ultimate playground, where private cabanas, a lively bar and grill, and courts for pickleball and padel create endless opportunities for fun and connection. The shimmering pool and jacuzzi overlook stunning waterfront views, setting the scene for refined gatherings with family and friends.

Inside, W’s Signature Living Room pulses with curated experiences – from live music and art shows to intimate wine tastings and cultural events – while an exclusive speakeasy-style lounge offers a secret escape for late-night conversations and crafted cocktails. Fitness and wellness reach new heights with W’s state-of-the-art FIT® fitness center, which offers comprehensive cardio and weight equipment alongside dedicated yoga and spin studios, supporting a full schedule of private and group classes. The full-service AWAY® Spa is designed for total rejuvenation, featuring custom treatments, a cold plunge, jacuzzi, sauna, steam rooms and full hair and nail services.

“Only W Hotels, one of the industry’s most innovative hospitality brands, can deliver this blend of luxury, lifestyle and service,” said Isaac Toledano, Founder of BH Group. “This comes at a pivotal moment as Pompano Beach, fueled by billions in recent public and private investment, rapidly emerges as South Florida’s next luxury hotspot. With prime beachfront opportunities becoming increasingly scarce, this penthouse collection offers a rare chance to own at the forefront of the city’s dynamic growth.”

That bold vision is also reflected in the property’s architecture and design. Nichols Architects, in collaboration with KORA, created a striking silhouette along the shoreline, while interiors by award-winning firm Meyer Davis and lush landscapes by Enea Landscape bring the W brand’s signature luxury to life. From material choices to spatial flow, every detail reinforces the elevated lifestyle that defines the project.

W Pompano Beach Hotel & Residences marks a defining moment in Pompano Beach’s transformation, as billions in public and private investment spark a surge of new development, infrastructure and cultural momentum. As Related Group’s fourth project in the city, it reflects the firm’s deep-rooted commitment to shaping Pompano Beach into one of South Florida’s premier residential destinations.

For more information about W Pompano Beach Hotel & Residences or to inquire about purchasing a unit please fill out the form below:

PROFILE Exclusive With Real Estate Developer Isaac Toledano of BH Group On Developing South Florida

PROFILEmiami had the exclusive opportunity to join Isaac Toledano, Founder of BH Group, to learn how he has built his development firm into a thriving enterprise in the highly competitive South Florida market. Isaac is currently developing The Residences on Six Fisher Island, which is set to have over a $1 billion sell out, in addition to other ultra luxury branded projects such as The Ritz-Carlton West Palm Beach, W Pompano Beach and Viceroy Residences Aventura. In all, his passion for real estate has led him to having completed 1,100+ residential units with over 10,000+ residential units in-progress.

PROFILEmiami caught up with Isaac to take an in-depth dive into his portfolio, his career and what are some of the keys that have led to his success.

PROFILEmiami [PM]: Give us your background? How did you get started in real estate? Tell us about your first deal?

Isaac Toledano [IT]: I started working when I was 15, and in 1999, I moved to Miami and began my real estate journey as a mortgage broker at a firm called The Mortgage House, which specialized in residential loans. That’s where I learned the fundamentals of the mortgage industry. By 2001, I transitioned into real estate investing.

My first deal was the purchase of a warehouse in Hallandale, followed by two apartment buildings in North Miami. Between 2001 and 2003, I was involved in multiple transactions, and by 2004, I shifted my focus to condo conversions—acquiring rental communities and converting over 1,000 units into condominiums.

In 2012, I partnered with Jorge Perez and The Related Group on our first joint venture: Hyde Beach Resort in Hollywood, a 407-unit oceanfront development that turned out to be a major success. Since then, we’ve collaborated on over 20 projects together, including Paraiso Bayviews (388 condos), Wynwood 26 (175 apartments and 30,000 square feet of retail), and many more.

In addition to Related, I’ve partnered with leading developers like Lennar, Kolter, American Landmark, and Pebb Enterprises. We have a strong belief in the Florida real estate market and remain fully committed to it. We don’t invest in other states or markets—our focus is exclusively on Florida.

PM: When did you found BH Group? What were some of BH Group's early projects?

IT: I founded BH Group in 2009. Prior to that, I made several early real estate investments through my previous real estate company. Those initial projects laid the groundwork for what would become BH Group’s broader focus on acquisitions, development, and strategic joint ventures across Florida.

PM: You work closely with your wife, tell us about that relationship?

IT: My wife, Liat, is not only my partner in life but also in business. We have eight children and one granddaughter—so we like to think of ourselves as a small family office. Some of our kids have even started working with us, which makes it even more special. Liat is deeply involved in the day-to-day operations, and her input is invaluable. Let’s just say, I never buy a piece of real estate without her blessing.

PM: What projects are you currently developing now?

IT: We currently have several projects under construction. One of them is The Residences at Six Fisher Island, a joint venture with Related Group and Teddy Sagi. Another is District 225, also in partnership with Related. We launched sales a few months ago for The Ritz-Carlton Residences in West Palm Beach and hope to begin construction by the end of the year—sales have been going very well.

We also recently launched the W Residences in Pompano Beach, which includes both residential units and a condo hotel, as well as the Viceroy Residences Aventura. Additionally, we’re working on Greenview at Presidential in collaboration with Lennar, among other upcoming developments.

In Boca Raton, we're preparing to start demolition and have just received entitlements for 500 residential units and 45,000 square feet of retail space. We're also have 400,000 square feet of office space, much of which is already pre-leased—including a recently signed lease with Equinox for approximately 37,000 square feet.

We’re fortunate to be working on many projects at once, all within Florida. We believe strongly in this market—it's one of the best in the world. We continue to see strong demand from buyers coming from all over, all looking to invest in Florida.

PM: The Residences at Six Fisher Island is a special development, tell us the story behind that project?

IT: We acquired the land for The Residences at Six Fisher Island in September 2022 for $122 million. The opportunity initially came together through a partnership with Teddy Sagi, and we later brought in Related Group to form a joint venture. After securing all necessary entitlements, we broke ground about seven months ago.

This is a truly special project—there are only 50 exclusive residences, and we’re already about 65% sold. The total expected sell-out is close to $1 billion. It’s an iconic location and one of the most prestigious developments in South Florida.

PM: You are also developing several branded residences with hospitality brands such as The Ritz-Carlton, Viceroy and W, tell us about those projects and relationships.

IT: Branded residences are being very well received in today’s market, especially here in Florida. Many buyers know exactly what they want—they’re looking for a strong brand, a prime location, and top-tier amenities, services, and lifestyle. And why not? If you're already investing several million dollars in a condo, it makes sense to get the added value that comes with a hospitality brand.

We’ve already signed several deals with Marriott. We partnered with them for the W Residences in Pompano Beach, the Ritz-Carlton Residences in West Palm Beach, and the Ritz-Carlton project in Hammock Dunes, Palm Coast. That one is a six-and-a-half-acre oceanfront site with 120 luxury condos.

We’re seeing increasing demand for branded residences for many reasons. People like the credibility and familiarity of a brand—it’s the same concept as the clothes you wear, the watch on your wrist, or the car you drive. So why not live in a building that reflects that same level of quality and prestige, with exceptional amenities, service, and lifestyle?

When you partner with the right brand, and they approve the location, they want to be involved from the beginning—helping select the architect and interior designer, and ensuring the development upholds the high standards their name represents. And that level of collaboration adds real value for everyone involved.

PM: In addition to developing luxury condominiums, you are developing a single housing family project with Lennar and own and manage over 2 million SF of commercial real estate, can you discuss the importance of being flexible between asset classes?

IT: So first of all, diversification is important. In our portfolio, you can find some commercial properties. We own a few shopping centers, office buildings, and we also own the Southland Mall in Miami, which we have very, very strong occupancy. So diversification is important.

In addition to our condo projects, we’re also developing rental properties. We’re excited to be partnering with Lennar on a project that includes 103 luxury single-family homes in the Aventura market. Construction is already underway, and we’ve sold over 20 homes so far. These homes are being developed as we speak. What makes this project particularly significant is that no single-family homes have been built in the Aventura area for the last 25 years. We purchased the former Presidential Estates golf course, which spans 104 acres in Aventura.

Our focus remains firmly on Florida, particularly the South Florida market, which we strongly believe in. We have the flexibility to pursue the right opportunities, whether it’s through us, our partners, investors, or equity partners. This approach allows us to do what we believe is best. Some of our partners are more comfortable with mixed-use projects, others with condos, and we’re happy to offer a variety of options to suit different preferences.

PM: In the past you have mentioned that you like to develop in places that you can drive to, can you discuss how the markets differ developing in Miami vs. Palm Beach or Naples?

IT: In Naples, with Kolter Group, we acquired an older condominium, terminated the condo association, completed the demolition, and received all the necessary entitlements. Now, we’re developing 12 ultra-luxury condos on 220 feet of beachfront property in Naples.

Clearly, the markets are different. The buyer who purchases an ultra-luxury condo in Naples is not the same as the one who buys a condo in Aventura. Today’s buyers are very discerning. They want to ensure they’re investing in the best location, that they’re working with a quality developer, and they won’t settle—for either the location or the quality of the building.

In West Palm Beach, we have the opportunity to work with a diverse range of buyers, including Americans and Canadians. Because we’re involved in a variety of projects, we have access to many of these buyers. Each market is unique, though. The process of getting permits and approvals in Miami is different from the process in Naples.

PM: What does BH Group do that sets you apart from other developers?

IT: What sets BH Group apart is that we’re truly local. We live here, we work here, and we only invest in Florida. That deep understanding of the market allows us to identify opportunities quickly, analyze them efficiently, and move with speed and confidence.

Unlike developers who spread themselves across multiple regions, our focus is laser-sharp. We know the nuances of each neighborhood, and we have the relationships and experience to act decisively. That local edge makes all the difference.

PM: What gets you excited to work as a real estate developer?

IT: What excites me most is seeing a project come to life—knowing that just a few years earlier, it was nothing more than an idea. Taking that vision from concept to completion is incredibly rewarding.

People often ask me what I’m chasing these days—is it money, is it success? At this point in my career, it’s really about the success of the project itself. That feeling of building something meaningful, something that adds value to a community—that’s what keeps me motivated every day.

PM: What are some of the most important lessons you learned throughout your career?

IT: One of the most important lessons I’ve learned is the value of focus and discipline. You need to stay committed and work hard—there are no shortcuts in this business. I also believe that integrity matters. If you’re honest, treat people well, and do the right thing, good things will follow. Those values have guided me throughout my career.

PM: You mentioned some of your kids are working with you now, so what is next for you and BH Group?

IT: I don’t see myself ever retiring. As long as God gives me the strength and health, I want to keep doing what I love. Real estate isn’t just a career for me—it’s a passion. And now that some of my kids are working alongside me, it’s even more meaningful. The goal is to keep building, keep growing, and hopefully pass on something lasting to the next generation.

Renderings via BH Group

Meet Our Panelists For The PROFILEmiami State of the Market 2025 Coming Up April 10

On April 10, 2025 PROFILEmiami is set to host our third annual ‘State of the Market’ event exploring Commercial and Residential real estate markets in Miami at the luxurious Modern Stones Showroom in Doral featuring a distinguished group of panelists who are some of the most active developers in South Florida developers including Henry Bott (Swire Properties), Russell Galbut (GFO Investments), Isaac Toledano (BH Group), Carlos Rosso (Rosso Development) and risk insurance expert Lisa Holt (Ivy Risk Strategies).

The PROFILEconnect: State of the Market 2025 is set to be one of our largest events yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series with over 300+ anticipated industry attendees. The event will take place next Thursday, April 10 at 5 PM at Modern Stones.

Leading Swire Properties in Miami, Henry Bott has overseen the transformation of Brickell with the development of Brickell City Centre and now will transform the skyline and Brickell Key with the launch of Mandarin Oriental Residences, Miami.

Russell Galbut of GFO Investments recently completed two projects overlooking both sides of Biscayne Bay, delivering the tallest tower in Miami Beach, Five Park and The Gale Hotel & Residences, Miami in Downtown Miami. He is now developing 14 Roc in Downtown Miami’s Arts & Entertainment District.

Isaac Toledano’s BH Group has been very active in South Florida, recently breaking ground on Six Fisher Island and launching Viceroy Residences Aventura in partnership with Related Group. BH Group has also teamed up with Lennar to develop Greenview at Presidential also nearby Aventura.

Carlos Rosso leads Rosso Development and is nearing completion of The Standard Residences, Midtown Miami. Rosso development also recently launched sales of Midtown Park Residences by Proper as part of a $2 billion mixed-use development in Midtown Miami.

Ivy Risk Strategies Lisa Holt has over $150 million in placed premiums and has insured over $1 billion in property value and $2.8 billion in Property and Liability coverage for high-valued construction projects. Notable work include the Margarittaville Hotel & Cottages Orlando, InterMiami Stadium & Training Facility Fort Lauderdale, Tower 155 in Boca Raton and Ivory 214 in Aventura’s Medical District.

Meet Our Panelists:

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Reserve Your Spot Today!

The PROFILEconnect: State of the Market 2025 is set to be one of our largest events yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series with over 300+ anticipated industry attendees. The event will feature an in-depth panel exploring both commercial and residential markets real estate across South Florida, matched with a trendy evening soirée of bespoke networking, cocktails and a real estate showcase featuring The Mandarin Oriental Residences Miami, Modern Stones, Resurface Wraps, CPS Outdoors, Jacob Construction, Condesa Kitchens, Blackline and La Cuisine Appliances. 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 San_Dee.

The event will feature two distinct rooms, a Panel Room offering an engaging panel discussion about the state of the commercial and residential real estate market in a quiet setting and an upbeat Showcase Room featuring PROFILEmiami’s signature Bespoke Networking & Cocktails matched with a real estate showcase featuring South Florida’s top development projects, real estate + design companies and vendors.

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 have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. Past speakers and attendees have included Allen Morris, Gil Dezer, Edgardo Defortuna, Jay Phillip Parker, Daniel de la Vega, Robert Rivani, Michael Simkins and Ronny Finvarb, amongst others.

Who Should Attend: Developers, Investors, Brokers, Financiers, Architects, Interior Designers, Design Vendors, Construction & GC’s, Lawyers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date & Time: Thursday April 10, 2025 | 5 PM - 9 PM

Where: Modern Stones, 7370 NW 43rd St. Miami, FL 33136

Tickets: $150 All Access - Early Bird Sold Out

Schedule:

• 5 PM - 6:30 PM: Cocktails & Networking w/ sound by San_Dee

• 6:30 PM - 7:15 PM: Commercial State of the Market Panel

• 7:15 PM - 8 PM: Residential State of the Market Panel

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

Music / DJ: San_Dee

Food & Drinks By: E11EVEN Vodka

Thank You To Our Sponsors:

BH Group and Lennar Break Ground on 'Greenview at Presidential' Single Family Home Community Near Aventura

BH Group and Lennar, one of the nations largest home builders, have broken ground and started construction on Greenview at Presidential, a luxury 103-single-family home community near Aventura, nearly 17 years after litigation with neighboring homeowners stalled the project.

The Welcome Home Center is officially open for Greenview at Presidential, Aventura’s newest residential community, located at 19200 NE 14th Court, in Aventura. Greenview at Presidential offers an unparalleled living experience for all new homebuyers seeking an excellent location, prestigious amenities and spacious, luxurious estate homes. The joint venture’s Greenview at Presidential will offer six options featuring four-, five- and six-bedroom houses priced between $2.5 million to $3.5 million.

“We are very excited to announce that construction is officially underway, with the first homes on track for completion this September,” says Phil Serrate, Division President for Lennar's Southeast Florida Division. “This marks a significant step forward in bringing this vibrant new community to life.”

Residents will soon be able to soak up the Florida sun at their new lakeside resort-style community pool, gather with friends for a celebration in the stylishly appointed Clubhouse, let the kids play with new friends at the lively playground, stay in shape at the state-of-the-art fitness center, and immerse themselves in the serene beauty of nature along picturesque walking paths and tranquil lake vistas.

“We are thrilled to see this exceptional project break ground after 20 years of anticipation,” says Isaac Toledano, CEO of BH Group. “This milestone marks the beginning of an exciting new chapter for the Aventura community as our teams bring a long-awaited vision to life.”

Future residents can choose from two impeccably designed home collections with four, five and six-bedroom models, including options with Lennar’s innovative Next Gen® concept. These home designs feature a Home Within a Home® with its own private entrance, kitchenette, living area, bedroom and bathroom, for seamless multigenerational living or hosting guests in style. Plus, each of the 103 two-story homes in this gated enclave will include a private swimming pool with spa—the ultimate Florida lifestyle amenity, at no additional cost.

Nestled on the edge of a former golf course, this prestigious development offers unparalleled tranquility, with miles of meandering walking paths and extensive green space for the private enjoyment of residents and their guests. In addition to Greenview’s upscale onsite offerings, residents have easy access to world-class shopping, dining, and entertainment throughout Aventura and the greater South Florida region.

The estate homes of Greenview at Presidential start in the $2.5Ms, with extensive options for personalizing each residence.

Renderings via Corwil Architects

For more information about Greenview at Presidential or to inquire about purchasing a unit please fill out the form below:

American Landmark and BH Group Break Ground on 'The Current at City Center' At $1.5 Billion 'Southplace City Center' in Cutler Bay

American Landmark Apartments (“American Landmark”), one of the nation’s top apartment owners and operators, and BH Group, a Miami-based real estate investment firm, celebrated the groundbreaking of The Current at City Center, a 350-unit apartment community located on the site of Southland Mall in the southern Miami-Dade Town of Cutler Bay. The residences mark the beginning of a seven-year, multi-phase, $1.5 billion buildout of the mall into Southplace City Center, a dynamic mixed-use development that will redefine the landscape of southern Miami-Dade County.

Part of a large-scale project that will bring approximately 5,000 market rate apartments and condominium residences, the eight-story Current at City Center will include 24,000 square feet of ground retail and a new parking garage. Presidente Supermarkets, one of the country’s largest Hispanic-owned grocery chains, will occupy the entirety of the building’s ground floor retail and will have a one-of-a-kind design that aligns with the overall vision and strategy of Southplace City Center.

“This groundbreaking is a crucial step in fulfilling our goal of creating a more vibrant and connected community in Cutler Bay and all of southern Miami-Dade County,” said Joe Lubeck, CEO of American Landmark. “As we break ground on The Current at City Center and Southplace City Center as a whole, we envision a focal point for the area where residents have a true live-work-play option that satisfies the growing need for housing, updated retail, communal spaces, casual and high-end dining, and much more. We are thankful for the collaborative efforts of Miami-Dade County and the Town of Cutler Bay as they share their passion for the economic growth and modernization of this area.”

“With The Current at City Center now underway, this groundbreaking marks the beginning of a new era for Miami-Dade County,” added Isaac Toledano, Founder and CEO of BH Group. “This is only the beginning of what will become one of the area’s most transformative developments bringing greater economic opportunity, innovation, and inspiration for what can be accomplished in this exceptional community.”

Located at 20505 S Dixie Hwy, The Current at City Center will deliver modern, upscale residences designed to meet the growing demand for high-quality housing in Miami-Dade County. The new development will feature 350 apartment homes along with a comprehensive array of luxury amenities including a resort-style pool, state-of-the-art fitness center, resident lounge, dog park, and lush outdoor gathering areas.

The transformation of Southland Mall into Southplace City Center will introduce more than 5,000 market rate residential units, 500,000 square feet of retail, dining, and entertainment space, a 60,000-square-foot medical center, a 150-key hotel, and extensive green spaces. The project will be adjacent to Miami-Dade County’s new Bus Rapid Transit (BRT) system, enhancing regional connectivity and accessibility.

Developed by American Landmark in partnership with BH Group, Southplace City Center is expected to generate approximately 3,000 new jobs during construction and $44 million in revenue within its first five years with 2,000 permanent jobs thereafter, reinforcing Culter Bay’s position as a key hub for residential and commercial growth. The 100-acre property will feature a reimagined retail center with direct storefront access, improved parking, and a dedicated community space for events such as concerts and farmers’ markets.

Current major retailers include Macy’s, JCPenney, Regal Cinemas, Florida Technical College, TJ Maxx, Old Navy, DSW, ROSS Dress for Less, LA Fitness, Five Below, Olive Garden, Buffalo Wild Wings, and Applebee’s.

The retail, design, and construction team for Southplace City Center includes Urban Retail Properties, LLC, MSA Architects, RSP Architects and general contractor American Engineering & Development Corp.

Construction of The Current at City Center is expected to be completed by Q3 2027.

Renderings via BH Group and American Landmark