Two Roads Development Reaches and Funds Settlement With Biscayne 21 Owners, Clearing Path Forward for Edition Residences, Miami Edgewater

Two Roads Development, a South Florida-based real estate development firm, has reached and fully funded a settlement resolving the remaining litigation related to the Biscayne 21 condominium property at 2121 North Bayshore Drive. The agreement with the remaining owners concludes multi-year legal proceedings, demonstrating the firm's commitment, financial strength and capacity to overcome complex challenges to protect its assets.

Two Roads Development, a South Florida-based real estate development firm, has reached and fully funded a settlement resolving the remaining litigation related to the Biscayne 21 condominium property at 2121 North Bayshore Drive. The agreement with the remaining owners concludes multi-year legal proceedings, demonstrating the firm's commitment, financial strength and capacity to overcome complex challenges to protect its assets.

Navigating Florida's evolving legal and regulatory landscape following updates to the state's condominium termination laws, Two Roads Development worked diligently through the judicial process to secure complete control of the site. The resolution clears the way for Two Roads Development to advance construction on transforming this one-of-a-kind waterfront property, currently home to Biscayne 21, into EDITION Residences, Miami Edgewater.

“Every major development comes with its share of hurdles, and our ability to navigate challenges and protect our vision is what sets Two Roads apart,” said Taylor Collins, Co-founder and Managing Principal of Two Roads Development. “This outcome reflects the strength of our platform and positions us to focus fully on executing our growth pipeline and creating long-term value in the markets we serve. This has been a long and arduous process, and we’re grateful to our team and partners who remained committed throughout. We’re excited to now turn our full attention to realizing the extraordinary potential of this irreplaceable waterfront site.”

EDITION Residences, Miami Edgewater is planned as a 55-story luxury residential tower bringing modern waterfront living to one of Miami’s fastest-growing neighborhoods. The development will prioritize privacy and hospitality-led services designed to elevate today’s standards of residential living, marking the next chapter for a site long recognized for its redevelopment potential.

While litigation was ongoing, Two Roads Development continued to achieve milestones on other projects across its national portfolio including Four Seasons Private Residences Las Vegas, Pendry Residences Tampa, The Standard Residences Brickell and The Ocean Club, Four Seasons Residences, Bahamas, further demonstrating the company's growth and reputation as a best-in-class residential developer.

Past PROFILEmiami articles about Edition Residences, Miami Edgewater:

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Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon.

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon exploring real estate markets, design and development; followed by bespoke networking and enjoying cocktails by E11EVEN Vodka with some of the largest and most active real estate developers, investors and brokers in Miami.

The event was kicked off by a VIP Lunch hosted by Diego Torrealba of MG Developer at Coral Gables hot-spot Zucca. VIP guests enjoyed a chef’s menu alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Following the lunch attendees gathered at the Coral Gables Museum for the Women in Real Estate Panel, the first of three panels kicking off the speaking component of the event. Vanessa Stabile of ONEsir, Cassie Resnick of Mast Capital, Alicia Lamadrid Paysse of Cervera Real Estate, Katya Demina of PROFILEmiami and Amelia Rodriguez of Banesco discussed how they have navigated their careers as women in the male dominated real estate world. They also discussed how the city has evolved and how they have taken advantage of the growing real estate market to stand apart and advance their careers.

The women’s panel was followed by the Coral Gables Design and Development Panel, which featured Eduardo Otaola of Constellation Group, Diego Torrealba of MG Developer, Raymond Fort of Arquitectonica, Scott Sherman of Torose Equities and Scott Wadler of Berkadia discussed how Coral Gables Mediterranean revival architectural requirements impact development and the valuation of real estate in ‘The City Beautiful.’ Developers Diego Torrealba and Eduardo Otaola touched on how they worked with the Coral Gables design codes to plan projects that enhance the quality of the community while Scott Wadler discussed the differences between Build to Rent vs Build to Sell. Scott Sherman also discussed how companies such as Apple are moving into Coral Gables and bringing their high-paying employees, pushing both residential and commercial rent rates higher.

The afternoon was capped off with The Legends Panel, featuring Edgardo Defortuna of Fortune International Group, Bernardo Forte Brescia of Arquitectonica and Carlos Rosso of Rosso Development. The trio had all previously worked on projects together and discussed their experiences developing the city into the world-class metropolis it is today including projects such as The Ritz-Carlton Residences, Sunny Isles Beach and Miami’s Paraiso District. They also discussed how a quality design and understanding of the buyer is so important to development and the success of a project. They also discussed how they started their own companies and took their brands global. The legends also gave insight on how their was opportunity for aspiring developers to team up with established developers to learn from them before undertaking projects on their own.

Following panels guests gathered outside on the museum veranda for Bespoke Networking and Sunset Cocktails featuring bites from Zucca and cocktails by E11EVEN Vodka. Guests got to network with the panelists as well as other real estate heavyweights such as Alirio Torrealba of MG Developer, Nelson Stabile of Integra Investments, Rainer Viete of Vietmar, Daniel de la Vega of ONEsir, Jose Boschetti of Boschetti Group and Michael Hamaoui of Pagani Residences.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

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Demolition Underway At Future Waterfront Site of Olara In West Palm Beach

Demotion has commenced on the future waterfront site of Olara in West Palm Beach, a luxury condominium tower that overlooks the Intracoastal Waterway. Olara is being developed by Savanna, a vertically integrated real estate investment and development firm with offices in New York and West Palm Beach. Set to transform he waterfront of North Flagler at 1919 North Flagler Drive, Olara will deliver premier condominium residences, 80,000 square feet of exclusive amenities.

Demotion has commenced on the future waterfront site of Olara in West Palm Beach, a luxury condominium tower that overlooks the Intracoastal Waterway. Olara is being developed by Savanna, a vertically integrated real estate investment and development firm with offices in New York and West Palm Beach. Set to transform he waterfront of North Flagler at 1919 North Flagler Drive, Olara will deliver premier condominium residences, 80,000 square feet of exclusive amenities including a private marina and world-class culinary experiences, and an unprecedented lifestyle for sophisticated clientele.

The milestone represents the first steps towards the project’s groundbreaking, which is scheduled for this fall. Construction for Olara will be led by SavCon and Gilbane, with completion slated for 2026. Residences are priced from $2 million with sales and marketing efforts exclusively overseen by Douglas Elliman Development Marketing and branding by King & Partners.

“We’re thrilled to reach this exciting milestone and begin the first phase of construction for Olara,” said Peter Rosenthal, Chief Development Officer of Savanna. “The vision for Olara was to re-invent and re-invigorate West Palm Beach. Between acquiring the property and working with our architect, Arquitectonica, on a modern design, the plans have been years in the making, so seeing the project start to come to life is really special.”

Once completed, Olara will rise 26 stories along the Intracoastal Waterway and feature 275 exceptional two- to four-bedroom plus den residences. Designed by Bernardo Fort-Brescia, founding principal of award-winning architecture firm Arquitectonica, the tower is a waterfront residential oasis with a timeless façade, differentiated by its soft curves and glass terraces that reflect the water before it. With interiors by world-renowned design studio Gabellini Sheppard Associates, the residences at Olara were envisioned to be bright, airy, and filled with abundant natural light through the floor-to-ceiling glass windows. They feature elegant European-style kitchens outfitted with honed Volakas marble countertops and a suite of Gaggenau appliances, as well as spa-inspired bathrooms with dual vanities. The neutral, natural color palette informs the finishes selected for the homes, such as the light oak flooring, white matte lacquer cabinetry, and bronze accents.

The lifestyle at Olara will also be enriched through an impressive 80,000 square feet of indoor and outdoor amenity spaces. Among some of the amenities are a private marina, resort-style swimming pool with private cabanas, world-class fitness center and spa designed by The Wright Fit, and 30,000 square feet dedicated to a restaurant and epicurean marketplace.

“As the sister company of Savanna, also expanding in South Florida, SavCon is proud to be working alongside Glibane to build West Palm Beach’s most desirable waterfront destination,” said Eric Desimone, Chief Executive Officer of SavCon. “We truly believe that Olara is going to change the landscape of the area, and we’re honored to have a role in bringing this project to fruition.”

Situated along North Flagler Drive to offer views of the Intracoastal and Palm Beach Island, Olara will provide an expansive four-acre oasis that’s easily accessible to some of the area’s most coveted dining and shopping destinations. Residents are in within minutes of white-sand beaches, Palm Beach Island, and downtown West Palm Beach’s four retail and entertainment districts: Clematis Street, Rosemary Square, Northwood Village and Antique Row, lined with fashionable boutiques and collectibles. Many cultural institutions surround Olara, such as the Norton Museum of Art, the Ann Norton Sculpture Gardens, and the Kravis Center for the Performing Arts, which regularly hosts Broadway shows, nationally acclaimed theater and dance troupes like the Palm Beach Symphony, the Palm Beach Opera, and the Miami City Ballet.

Olara is sponsored by a Savanna affiliate. Savanna is a proven owner, operator, developer, and institutional fund manager with a 30-year track record, it has invested in and developed over 17 million square feet of real estate. Other affiliated parties include the Mactaggart Family Partnership, which has invested in and developed premier real estate projects in the United States and England for over 100 years, as well as Haymes Investment Company and Brandon Rinker, who assisted in the acquisition of six of the eight parcels within the assemblage that became the Olara development site. Haymes and Rinker served as development consultants as the site was assembled and the development vision was finalized. The principals of Haymes Investment Company have owned, operated and developed millions of square feet of commercial, residential and retail real estate in New York, Florida, and around the United States. Brandon Rinker has assembled some of the premier sites in the Palm Beaches. Brandon is now a principal at Savanna.

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Two Roads Development Reveals Lavish $10 Million Sales Gallery For EDITION Residences, Miami Edgewater

Following the launch of sales late last year, Two Road Development has revealed the lavish, $10 million state-of-the-art sales gallery for EDITION Residences, Miami Edgewater, the global hotel brand’s first independent collection of fully serviced luxury condominium residences. The unique space will provide future homebuyers with an immersive experience into the quality of design, lifestyle, services, and amenities signature to EDITION.

Following the launch of sales late last year, Two Road Development has revealed the lavish, $10 million state-of-the-art sales gallery for EDITION Residences, Miami Edgewater, the global hotel brand’s first independent collection of fully serviced luxury condominium residences. The unique space will provide future homebuyers with an immersive experience into the quality of design, lifestyle, services, and amenities signature to EDITION that the project will bring to Miami’s Edgewater neighborhood.

EDITION Residences, Miami Edgewater will be situated at 2121 North Bayshore Drive in the heart of Edgewater, one of Miami’s premier neighborhoods for luxury, waterfront high-rise living. The 55-story tower will boast more than 800 linear feet of bay frontage with 185 bespoke homes showcased in a sleek glass tower designed by visionary architect Bernardo Fort-Brescia, founder of Arquitectonica, with acclaimed interiors by Studio Munge led by Alessandro Munge.

Construction of EDITION Residences, Miami Edgewater is slated to begin in Summer 2023, with an estimated delivery timeframe of 36 months. The project’s sales team has secured more than $160 million in condo reservations and is expected to begin contract conversions over the next month.

On March 30, 2023, Two Roads Development, the developer of the EDITION Residences, Miami Edgewater, and Douglas Elliman Development Marketing, the project’s exclusive sales and marketing brokerage, celebrated the official opening of the sales gallery, located along the waterfront at 2060 North Bayshore Drive, Ste. B-101, just steps away from the EDITION Residences site. The lavish event was attended by many VIPs and A-listers, including City of Miami Mayor Francis Suarez and members of South Florida’s real estate elite. The one-of-a-kind affair featured a surprise performance by DJ Ruckus. Known for doing things a little differently, the evening ended with a captivating drone show, lighting up the Miami sky with dynamic visuals. Demonstrating how the EDITION Residences, Miami Edgewater will shape the Magic City’s distinct skyline, the display included an outline of the sleek glass tower.

The sales gallery leaves no detail unturned, featuring neutral-colored furnishings, luscious greenery, and architecturally unique accents throughout the space. A virtual reality room portrays the essence of indoor-outdoor living, boasting unobstructed views of Biscayne Bay, the Atlantic Ocean, Downtown Miami, and the Miami Beach skyline. To demonstrate the building’s expansive floorplans and state-of-the-art finishes, the sales center includes a replica of the master bathroom, kitchen, and living room.

“The EDITION Residences, Miami Edgewater offers a residential experience with the unmatched creativity, allure and expertise only the EDITION brand can deliver,” said developer Taylor Collins, Managing Partner of Two Roads Development. “With bold architectural details envisioned by Arquitectonica, the building itself is a work of art – and our sales gallery gives buyers a taste of what they can expect from their future homes in terms of the exceptional service, refined designed and one-of-kind lifestyle that awaits them.”

Impeccably finished residences will range from one-bedroom-plus-den to four-bedroom floorplans measuring between 1,952 and 3,864 square feet in size, priced from $1.9 million. Marking the pinnacle of luxury, the tower will also feature three expansive tri-level penthouses, each with private rooftop pools and gardens.

Exuding the same level of luxury of the famed hospitality brand, the EDITION Residences, Miami Edgewater will introduce over 45,000 square feet of expertly-thought-out amenity spaces where owners can live, work, play and entertain guests. Touted amenities include two resort-style pools, a club lounge, a library, private training studios, a rich spa program, and six Guest Suites.

Launch Event

Sales Gallery

Renderings

Images via World Red Eye

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CMC Group and Morabito Properties Top Off Construction On Onda Residences In Bay Harbor Islands

Ugo Colombo’s CMC Group and Valerio Morabito’s Morabito Properties have topped off Onda Residences at 8 stories in Miami’s exclusive Bay Harbor Islands community. The bayfront Onda Residences is a 41-unit boutique luxury condominium project being developed along Biscayne Bay at 1135 103rd Street. 85% of its units are already sold ahead of its completion which is slated for later this year.

Ugo Colombo’s CMC Group and Valerio Morabito’s Morabito Properties have topped off Onda Residences at 8 stories in Miami’s exclusive Bay Harbor Islands community. The bayfront Onda Residences is a 41-unit boutique luxury condominium project being developed along Biscayne Bay at 1135 103rd Street. 85% of its units are already sold ahead of its completion which is slated for later this year. Coastal Construction serves as the development’s general contractor. Onda will be the first newly-built condominium to deliver and welcome residents among a slew of recently launched projects coming over the next few years to Bay Harbor Islands, which is currently experiencing a surge in new development activity.

“Once complete, Onda will be a coveted residential retreat in one of Miami’s most desirable neighborhoods,” said developer Ugo Colombo, Founder of CMC Group. “The building’s boutique lifestyle, idyllic bayfront location, and timeless design will make it a standout property for years to come,” added developer Valerio Morabito, CEO of Morabito Properties.

Residences consist of impeccably finished units ranging from two- to four-bedroom plus den floorplans, measuring between 1,809 and 3,535 square feet in size. Four penthouse residences measure up to 5,073 square feet – two of which include private rooftop pool decks. With only a limited selection of residences remaining, inventory is priced between $5 million and $8.4 million.

All residences will feature an office/den, private and semi-private high-speed elevators, floor-to-ceiling, impact-resistant sliding glass doors and windows, spacious tiled terraces with private gardens, open floor layouts with up to 9-foot grand ceiling heights, fully-accessorized Snaidero kitchens with top-of-the-line Miele appliances, bathrooms with Italian marble and wood cabinetry, exquisite Italian flooring throughout, energy-efficient air conditioning and heating systems with ultra-quiet technology, and air and water filtration systems.

Onda – also known as the Italian word for “wave” – is designed by Bernardo Fort-Brescia of Arquitectonica, with interiors imagined by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture, and lush landscaping by award-winning landscape architect Enzo Enea of Enea Garden Design.

Onda’s prime Bay Harbor Islands location offers more than 300 linear feet of bay frontage and sweeping views of Biscayne Bay and the Atlantic Ocean. Among Onda’s most popular features is its private marina with 15 boat slips, which are exclusively available for residents to purchase. The development will also include a water sports launch dock with kayaks, paddle boards and inflatables available for use, in addition to direct ocean access through Miami’s Haulover inlet.

Building amenities will include a rooftop pool deck and lounge area; a state-of-the-art fitness center with Technogym equipment, a yoga studio, a spa with massage treatment rooms, changing facilities, and steam bath and sauna rooms. Onda will also feature personalized services, state of the art security and technology along with a front desk reception, covered valet drop-off area, personal parking spaces, electric vehicle charging stations and bicycle storage, and residential storage space. The building will offer an integrated digital concierge along with readily accessible WiFi throughout all public spaces, and FTTH (fiber to the home) technology for voice, video and high-speed internet.

Colombo and Morabito previously partnered in 2016 to lead the development of Beach House 8, a nearby boutique waterfront condo building on Collins Avenue in Miami Beach. Most recently, Colombo and his firm CMC Group delivered Brickell Flatiron, a 64-story luxury tower in Downtown Miami’s Brickell Financial District. Now, the firm is gearing up to start construction at Vita at Grove Isle, an ultra-luxury boutique condominium development located on the private island of Grove Isle in Miami’s Coconut Grove neighborhood. Morabito is also currently developing Wyncatcher, a mixed-use office development in Miami’s Wynwood Arts District.

Images via CMC Group/ Morabito Properties/ Become Legendary

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Two Roads Development Reveals Plans For EDITION Residences, Miami Edgewater

South Florida-based Two Roads Development has announced plans for EDITION Residences, Miami Edgewater, the brand’s first independent collection of fully serviced luxury condominium residences. Located at 2121 North Bayshore Drive in the heart of Edgewater, one of Miami’s premier neighborhoods for luxury high-rise living, the 55-story waterfront tower will offer more than 800 linear feet of bay frontage.

South Florida-based Two Roads Development has announced plans for EDITION Residences, Miami Edgewater, the brand’s first independent collection of fully serviced luxury condominium residences. Located at 2121 North Bayshore Drive in the heart of Edgewater, one of Miami’s premier neighborhoods for luxury high-rise living, the 55-story waterfront tower will offer more than 800 linear feet of bay frontage and uphold the quality of design, services, and amenities, signature to the EDITION brand. Soaring 649 feet high, The Residences will feature 185 bespoke homes showcased in a sleek glass tower designed by visionary architect Bernardo Fort-Brescia, founder of Arquitectonica, with acclaimed interiors by Studio Munge led by Alessandro Munge. Construction is slated to begin in Summer 2023, with an estimated delivery timeframe of 36 months.

Over the last decade, Two Roads Development has helped transform Miami’s Edgewater district into one of the city’s most sought-after residential neighborhoods. EDITION Residences, Miami Edgewater are poised to become the firm’s third development in Edgewater, following the successful sellout and delivery of two previously completed luxury condominium towers in the highly-desired waterfront enclave. Sales and marketing for EDITION Residences, Miami Edgewater is being exclusively represented by Douglas Elliman Development Marketing.

The tower’s impeccably finished residences will range from one-bedroom-plus-den to four-bedroom floorplans measuring between 1,952 and 3,864 square feet in size, priced from $1.7 million. Marking the pinnacle of luxury, the tower will also feature three expansive tri-level penthouses, each with private rooftop pools and gardens.

“We’re excited to partner with one of the world’s most renowned luxury and lifestyle brands to bring its first ground-up residences to life in Miami’s urban core,” said developer Taylor Collins, Managing Partner of Two Roads Development. “EDITION Residences, Miami Edgewater will set itself apart from anything else in the Miami market because of its product distinction, degree of sophistication, unique layouts and design, and unprecedented level of service, finishes, and pristine attention to detail.”

A heightened level of personalization, privacy, and comfort will offer residents a one-of-a-kind experience to leverage the expertise of EDITION to customize defining elements of their homes. Every residence will showcase a private foyer and elevator entry, superior finishes and fixtures, floor-to-ceiling glass windows and doors, between 10- and 14-foot-high ceilings, and custom European-style cabinetry. Designed for indoor-outdoor living, spacious terraces will boast unobstructed views of Biscayne Bay, the Atlantic Ocean, Downtown Miami and the Miami Beach skyline.

A globally recognized design team, Studio Munge, curated a place-making aesthetic that draws inspiration from the brand’s sleek and modern aesthetic. The tower’s interiors will exude warmth and tranquility, marrying timeless sophistication with contemporary design for an effortless living experience with unrivaled service. Bernardo Fort-Brescia’s architectural design for the tower responds to its waterfront location, revealing a crystalline moon-like glass prism that alludes to Biscayne Bay’s romantic moonlight, while floorplans reference the prows of sleek sailboats racing off Miami’s coastline. The property will also feature an array of secret gardens with lush greenery designed by global landscape architecture firm EDSA to capture the soft bay breeze and tranquility of a tropical oasis.

Deeply rooted in hospitality, the residential development will introduce over 45,000 square feet of expertly-thought-out amenity spaces managed and operated by EDITION. Aimed to incite wellness and relaxation, The Residences will feature two resort style pools equipped with private cabanas as well as a state-of-the-art fitness facility with private training studios, areas for yoga and spinning, and a rich spa program.

Residents can live, work, play and entertain guests comfortably at the tower’s club lounge, library, private screening room, dog spa and park, children’s play area, and kids club. For a heightened level of convenience while hosting guests, the property will also boast six Guest Suites which can be reserved by residents.

Additional perks give jetsetter residents access to exclusive privileges across the world’s most iconic destinations, including VIP status and preferred rates at hotels within Marriott International’s luxury portfolio of brands.

Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways – the two main arteries connecting the City of Miami and Miami Beach – Edgewater has fast-emerged as the new epicenter of Miami. The EDITION Residences, Miami Edgewater is minutes away from six coveted Michelin star restaurants, luxury retailers, live entertainment venues and world-class arts, adjacent to bustling enclaves like Downtown’s Arts & Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach. As part of a city-wide initiative aimed to connect Miami’s waterfront neighborhoods, residents will also have direct access to the Miami Baywalk, a 5-mile-long pedestrian and bicycle-friendly promenade with public art, connecting Biscayne Bay, Edgewater, Brickell Key and Brickell Bay Drive in Downtown’s Financial District.

"From New York and Boston to LA and Florida, we have seen strong demand among discerning buyers for the truly bespoke luxury they can find at branded residences like EDITION,” said Jay Phillip Parker, CEO of Douglas Elliman, Florida and President of Douglas Elliman Development Marketing, Florida, which is leading sales and marketing for the project. “It has been our privilege to partner with Two Roads Development and the EDITION brand to ensure this level of luxury and service will be front and center in this vital neighborhood development project.”

The EDITION Residences, Miami Edgewater Sales Gallery is expected to open in late 2022 at 2060 North Bayshore Drive, Ste. B-101.

The EDITION Residences, Miami Edgewater are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). Two Roads Development uses the EDITION marks under a license from Marriott.

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The Penthouse at Regalia Is Now Available In Crypto, Becomes First Miami Property Listed on RealOpen

Pordes Residential has announced that The Penthouse at Regalia is now featured on RealOpen, the platform founded by ‘Selling Sunset’ star Christine Quinn and her tech entrepreneur husband, Christian Dumontet. Following multi-million-dollar listings in New York City and Los Angeles, this $33.9 million ultra-luxury penthouse is the first South Florida property to be featured on the platform and offered directly to the crypto community.

Pordes Residential has announced that The Penthouse at Regalia is now featured on RealOpen, the platform founded by ‘Selling Sunset’ star Christine Quinn and her tech entrepreneur husband, Christian Dumontet. Following multi-million-dollar listings in New York City and Los Angeles, this $33.9 million ultra-luxury penthouse is the first South Florida property to be featured on the platform and offered directly to the crypto community.

RealOpen offers a real estate express lane for crypto asset holders, merging the traditional real estate process with the digital future of global finance. Using secure, proprietary software, it allows anyone, anywhere to purchase or sell any home via crypto—with the seller receiving cash at closing. RealOpen’s concierge service enables buyers to retain crypto holdings up until the day of closing. For home sellers and listing agents RealOpen expands the potential buyer pool through exposure to the crypto community.

“We knew immediately,” said Christine Quinn, CMO and Founder of RealOpen. “Our platform bridges the gap between luxury real estate and Miami’s deep crypto community. The Penthouse at Regalia is the perfect introduction of RealOpen to Miami.”

Listed by Mark Pordes and Adam Kaufman of Pordes Residential, the 43rd-floor penthouse is three levels including a private rooftop pool deck. It’s the largest condo on the Miami market, boasting 10,755 square feet of indoor living plus 6,050 square feet of 360-degree, wraparound terrace. In addition to six bedrooms and six bathrooms, the layout includes a glass wine cellar, lounge theater, bar and billiards room, and a $1M master bathroom with private spa, steam room, sauna, and massage area. Located on Miami’s Sunny Isles Beach and with no hi-rise neighbors, the residence offers 360-degrees of truly uninterrupted views of the Atlantic Ocean, Golden Beach, Intracoastal Waterway and the skylines of Miami and Miami Beach.

“Bringing the Penthouse at Regalia to RealOpen and joining the cryptocurrency movement further solidifies that this residence is a unique and high-caliber offering,” said Adam Kaufman, Principal of Pordes Residential. “We are thrilled to be pioneers in this space and look forward to a lasting relationship with this innovative platform and team.”

“We act as active real estate investors in the properties we represent and have earned a reputation as specialists in brokering and acquiring bulk luxury condominium assets,” said Mark Pordes, CEO of Pordes Residential. “We know the penthouse at Regalia is in a league of its own and that is why we led the investment team that purchased it at auction in 2021.”

The collaboration between RealOpen and Pordes was orchestrated by the RealOpen Miami Team: crypto-specialist Realtors Karley Chynces, Bozana Cavar, and Kiki Rutten of ONE Sotheby’s International Realty.

Regalia, 19575 Collins Avenue, Penthouse 43, Sunny Isles Beach, FL 33160 currently listed for $33.918 million with Pordes Residential. For more information or to set-up a showing please contact Mark Pordes at (305)-588-7769 or email Mark@pordesresidential.com, Garrett Pordes at (305)-785-8880 or email Garrett@pordesresidential.com, and Adam Kaufman at (305) 409-0911 or email Akaufman@pordesresidential.com.

More Info: www.pordesresidential.com/the-firm/portfolio/regalia-miami-penthouse-for-sale/

MLS#: A11166129

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Arquitectonica-Designed Boutique Condo 42 Pine Launches Sales On Miami Beach's Pine Tree Drive And 41st Street

Sales have launched for 42 Pine, an exquisite collection of residences redefining luxury living in one of Miami Beach’s most sought-after neighborhoods. The boutique building will offer fifty move-in-ready residences ranging from one-to-three-bedrooms, including eight penthouses, meticulously crafted to deliver a bespoke lifestyle rooted in community and convenience.

Sales have launched for 42 Pine, an exquisite collection of residences redefining luxury living in one of Miami Beach’s most sought-after neighborhoods. The boutique building will offer fifty move-in-ready residences ranging from one-to-three-bedrooms, including eight penthouses, meticulously crafted to deliver a bespoke lifestyle rooted in community and convenience.

“42 Pine is a building that is truly singular, there is nothing else like it in the neighborhood,” said Jay Phillip Parker, Chief Executive Officer of Douglas Elliman Florida. “New development in Miami Beach is scarce, and this project presents a rare opportunity to own a home of this caliber in one of the most in-demand areas – setting a new standard for luxury on 41st Street.”

With architecture and interiors imagined by renowned firm Arquitectonica, the eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. Spanning 700 square feet to 2,700 square feet for combined units, each elegantly appointed residence is designed to maximize space and build a connection to the outdoors–with sweeping floor-to-ceiling windows and doors ushering in an abundance of natural light. Private terraces with glass railings provide a seamless indoor/outdoor living experience.

“This building represents an important urban design step for the area, adding quality development along its western frontage,” said Bernardo Fort-Brescia, Principal of Arquitectonica. “We drew our inspiration for the design of 42 Pine from the idea of a hill town. The expression is one of individual villa clusters to create a vertical neighborhood. The concept is reinforced by the use of contrasting materials that highlight the cubic village idea.”

For ease of ownership, the residences are delivered ready to be occupied with refined interior finishes that include french white oak hardwood flooring and marble countertops. Gourmet chefs' kitchens showcase marble countertops, custom Italian cabinetry, top-of-the-line Wolf and Subzero appliances, and are designed to meet kosher standards. Spa-inspired bathrooms offer indulgent features including glass-encased showers, soaking tubs, dual sinks with custom Italian vanities, honed flooring and premium fittings that elegantly create a serene and warm environment.

Resort-style amenities and services include thoughtfully curated indoor and outdoor spaces such as an amenity deck with a 52’ pool, relaxation spa, cabanas and poolside service, plus a yoga and meditation lawn all surrounded by lush tropical landscaping. The property's state-of-the-art fitness center offers advanced cardio and weight-strengthening equipment complemented by an outdoor deck. Community-minded social spaces include a club and game room, large outdoor terrace, media lounge, and children’s play room. A dedicated team including concierge, doorman, valet, and porter service is available to anticipate residents’ every need.

Located in one of the most coveted residential neighborhoods in Miami Beach, at the intersection of Pine Tree Drive and 41st Street, residents can enjoy access to the beach, top-rated schools, fine-dining, houses of worship and boutique shopping experiences all within walking distance.

Construction on 42 Pine is expected to be completed by Q4 2023, with residences priced between $700,000 to $4,000,000. The building is located at 340 W 42nd Street with sales and marketing managed exclusively by Mushka Jacobson with Douglas Elliman.

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Mast Capital And Cipriani Host Lavish Riverfront Launch Soirée For Cipriani Residences Miami

On April 5th, Mast Capital and Cipriani joined together to host a launch soirée for Cipriani Residences Miami, a new ultra-luxury condominium in Miami’s Brickell neighborhood. The event was held at Cipriani Downtown, capturing the essence of the brand recognized for its distinguished style, world-class service and four generations of history and tradition.

On April 5th, Mast Capital and Cipriani joined together to host a launch soirée for Cipriani Residences Miami, a new ultra-luxury condominium in Miami’s Brickell neighborhood. The event was held at Cipriani Downtown, capturing the essence of the brand recognized for its distinguished style, world-class service and four generations of history and tradition. During the event, the visionaries behind the development, Camilo Miguel, Jr., the CEO of Mast Capital, Bernardo Fort-Brescia, the founding principal of Arquitectonica, and Giuseppe Cipriani, CEO of Cipriani, addressed the crowd.

Designed by award-winning firm Arquitectonica, Cipriani Residences Miami will deliver an unprecedented residential lifestyle withone- to four-bedroom residences, priced from $1.1 million. The tower will rise 80 stories on Miami’s rapidly growing skyline, offering panoramic views of the city, Biscayne Bay and Simpson Park. Among the most intriguing components of Cipriani Residences Miami will be the resident-only dining experiences, where residents will have exclusive access to dining services by Cipriani. The development will also feature a wide array of hotel-like amenities and services, including an elevated resort-style deck with two swimming pools, cabanas and a sun terrace, as well as towel and poolside food and beverage services.

Cipriani Residences Miami is located at 1420 South Miami Avenue. The building is expected to complete at the end of 2025.

Images via World Red Eye

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Check Out The Ultra-Luxe Penthouse At Regalia Residences In Sunny Isles Beach Which Just Hit The Market For $33.9 Million

Located along the shores of famed Sunny Isles Beach in Miami, FL, a never-before-lived-in turnkey Miami Penthouse residence high-atop the ultra-exclusive Regalia Residences just hit the market for $33.918 million. The lavishly furnished crown-jewel penthouse listing is exclusively represented by Pordes Residential Sales & Marketing team.

Located along the shores of famed Sunny Isles Beach in Miami, FL, a never-before-lived-in turnkey Miami Penthouse residence high-atop the ultra-exclusive Regalia Residences just hit the market for $33.918 million. The lavishly furnished crown-jewel penthouse listing is exclusively represented by Pordes Residential Sales & Marketing team, who also represented various owners who currently reside in the tower and lead the tower in sales over the past 12 months. With only 39 full-floor oceanfront residences in the building, the buyer of the penthouse at Regalia will gain access to a lifestyle that is nearly impossible to find elsewhere, becoming part of an exclusive group of owners in one of the most sought-after penthouses in Miami.

“This unique 10,755 interior sq. ft. 6 bedroom 7.5 bath trophy Penthouse is a once-in a lifetime opportunity to own the crown jewel never occupied oceanfront PH in all of Miami. Regalia is known to be one of the most private exclusive residential towers built with only 39 full floor residences. The tower offers five star white glove service, and an array of the best amenities. The interiors of this Penthouse were custom designed with the highest level of finish and furnishings,” said Mark Pordes, CEO of Pordes Residential. “The residence is priced below market value and ready for immediate occupancy for that special family who is looking to enjoy this extra ordinary lifestyle this season. Directly next to the estate homes located in the world class town of Golden Beach, on the most norther oceanfront site in Sunny Isle beach with 360 degree views that are protected forever. Five minutes to the Aventura Mall and 15 minutes to the Bal Harbour shops, the location and residence is truly a rare opportunity.”

Designed by architect Bernardo Fort-Brescia of Arquitectonica, the exclusive property includes 6 bedrooms, 7.5 bathrooms and occupies the top 3 floors of the oceanfront tower. The turn-key residences interiors are designed and decorated by world-renowned architect Charles Allem of CAD International, incorporating onyx, mixes of leather and lacquer, brushed limestone, fine wood and designer wall coverings.

The penthouse offers unobstructed panoramic ocean views with 360-degree views of sunrises and sunsets all throughout the home. The great room features 20-ft high ceilings displaying a chandelier with 225-plus floating tubular glass pendants. The residence also features a $1 million dollar bookmatched marble spa spanning 1,500-square-feet of space which is covered from floor to ceiling in stunning marble, and features a couples jacuzzi, massage room, private sauna and steam room/ hammam with a towel-warming wall.

Other features include a $100,000 bar made from a single slab of backlit amethyst stone and a 500-bottle+ temperature-controlled wine cellar, a circular glass elevator, movie theater with custom leather and millwork finishes and soundproofing, game room, multiple midnight kitchens, and a Poliform Italia custom kosher kitchen with pantry, large cooking island, and Wolf & Sub-Zero appliances with double appliances.

The penthouse features extensive outdoor space with wrap-around balconies on each floor overlooking the Atlantic Ocean, Intracoastal Waterway and Miami and Fort Lauderdale skylines. A private elevator gives access to a private rooftop deck with cabana and an enclosed area to block wind yet open to the sky. The outdoor enclave offers a summer kitchen, retractable roof, full pool cabana bathroom, sky bar with lounge seating and a private pool. Sliding glass doors allow access to the open 360-degree wrap-around balcony.

Amenities at Regalia include an oceanfront infinity pool with private poolside cabanas, a cold-plunge pool, hot tub, and beachfront services are among the outdoor lifestyle amenities. The full-service owners lounge provides poolside and beachside light food and beverage services. Interior amenities include a resident co-ed spa complete with steam, sauna, couples massage room, and a hair and nail salon. A state-of-the-art fitness center, a yoga/meditation room, pilates room, a residents-only café, childrens playroom, and five-star concierge services with staff trained to offer the pinnacle of white glove service, are all part of the unparalleled luxuries enjoyed by residents of Regalia.

Regalia, 19575 Collins Avenue, Penthouse 43, Sunny Isles Beach, FL 33160 currently listed for $33.918 million with Pordes Residential. For more information or to set-up a showing please contact Mark Pordes at (305)-588-7769 or email Mark@pordesresidential.com, Garrett Pordes at (305)-785-8880 or email Garrett@pordesresidential.com, and Adam Kaufman at (305) 409-0911 or email Akaufman@pordesresidential.com.

More Info: www.pordesresidential.com/the-firm/portfolio/regalia-miami-penthouse-for-sale/

MLS#: A11166129

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