Sant Ambroeus Set To Open First Miami Location At THE FIFTH MIAMI BEACH
New York-based high-end Italian restaurant Sant Ambroeus is gearing up to open its first Miami location at THE FIFTH MIAMI BEACH in late 2025. The restaurant, known for its contemporary take on Milanese cuisine, will occupy over 7,000 SF in the Class A+ office building in the South of Fifth neighborhood.
New York-based high-end Italian restaurant Sant Ambroeus is gearing up to open its first Miami location at THE FIFTH MIAMI BEACH in late 2025. The restaurant, known for its contemporary take on Milanese cuisine, will occupy over 7,000 SF in the Class A+ office building in the South of Fifth neighborhood.
Founded in Milan in 1936, Sant Ambroeus has gained a loyal following with locations in New York City, Southampton, East Hampton, Palm Beach, and Aspen. The restaurant is famous for dishes such as Linguine alle Vongole, Veal Milanese, Eggplant Parmigiana, and Tagliatelle Bolognese, as well as their signature Cioccolata Calda. Celebrities like Taylor Swift, Demi Moore, and Timothée Chalamet have all been spotted enjoying the restaurant's cuisine.
Designed by Giampiero Tagliaferri, the Miami location will feature 14-foot ceilings, wraparound terraces, and an ocean-view rooftop. THE FIFTH MIAMI BEACH, a project by developers Sumaida + Khurana and Bizzi + Bilgili, is set to become a new landmark in the area with nature-inspired design elements and a focus on sustainability.
The LEED-certified building, designed by renowned Spanish architect Alberto Campo Baeza, will offer tenants a unique work environment with open and flexible floor plans, floor-to-ceiling windows, and private outdoor terraces. The Sant Ambroeus space will be elegantly designed to complement the building's modern aesthetic.
THE FIFTH MIAMI BEACH is being developed by international recognized real estate development firms, Sumaida + Khurana and Bizzi+Bilgili, a partnership between Bizzi & Partners with Serdar Bilgili. The five-story Class A+ office building designed will deliver 60,200 SF of office, retail and restaurant space. Construction began in 2022 following the Historic Preservation Board of Miami Beach’s unanimous approval and completion is expected in 2025.
Renderings via TECMA and THE FIFTH MIAMI BEACH
THE FIFTH MIAMI BEACH Locks Down $47.3 Million In Construction Financing From Cain International
International recognized real estate development firms, Sumaida + Khurana and Bizzi+Bilgili, a partnership between Bizzi & Partners with Serdar Bilgili, have locked down a $47.3 million construction loan for THE FIFTH MIAMI BEACH, a five-story Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza in Miami Beach’s South of Fifth neighborhood.
International recognized real estate development firms, Sumaida + Khurana and Bizzi+Bilgili, a partnership between Bizzi & Partners with Serdar Bilgili, have locked down a $47.3 million construction loan for THE FIFTH MIAMI BEACH, a five-story Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza in Miami Beach’s South of Fifth neighborhood. The financing was provided by Cain International. The project is Baeza’s first commercial building in the United States and will deliver 60,200 SF of office, retail and restaurant space. THE FIFTH MIAMI BEACH is 20% pre-leased. Construction began in 2022 following the Historic Preservation Board of Miami Beach’s unanimous approval and completion is expected in 2025.
The building is ideally situated at the entrance to Miami Beach from the MacArthur Causeway, located in the exclusive enclave of South of Fifth, at the corner of Michigan and Fifth Street. The Class A+, LEED Certified office building will seek to take an innovative approach by delivering on the singular quality, craftsmanship and architectural pedigree that Sumaida + Khurana and Bizzi & Partners are renowned for delivering on their residential condominium projects.
World-renowned architecture firm, Gabellini Sheppard Associates is designing the interiors, award-winning firm Cube 3 is the executive architect and Miami-based Urban Robot Associates is the project’s landscape architect.
The project will be akin to an exquisite jewel box, wrapped in glass, white marble and white concrete. The biophilic design approach incorporates many elements that bring the outdoors inside and also provides expansive spaces that are ideal for tenants to design creative work environments. The building features a monumental marble lobby with 35-foot ceiling heights, 14-foot ceilings throughout office floors, open and flexible floorplans, floor-to-ceiling windows and every office includes expansive private outdoor terraces. Located in the center of the building is a large outdoor atrium that opens up all of the offices to a dramatic experience of light, air, and outdoor space. In addition, the building features multiple amenities for tenants to share including a private landscaped rooftop with expansive, unobstructed water views. This offering will be further complemented by a state-of-the-art fitness center and spa, multiple food and beverage options, and valet parking. The building will also offer advanced air quality and filtration systems that will be part of the focus on sustainability and health.
Based in Spain, Baeza has been widely recognized for his work including winning his country’s National Prize for Architecture in 2021. Some of his notable projects include the Houses Turégano and de Blas, both in Madrid, the Gaspar House, Asencio House in Cádiz, the Olnick Spanu Museum in Garrison, New York, the BIT Center in Inca-Mallorca, the Museum of Memory of Andalucía in Granada. In 2020, he won the competition to design a new bridge over the Piave River in Belluno, Venice.
Sumaida + Khurana is led by Founding Partners Saif Sumaida and Amit Khurana. Bizzi & Partners is led by CEO Davide Bizzi and Managing Director Alessandro Pallaoro. Both firms are individually known the world over for developing some of the most significant real estate projects in the world, collaborating with critically acclaimed and architects and designers. New York-based Sumaida + Khurana collaborated with Pritzker Prize winning architect, Tadao Ando to design 152 Elizabeth Street, as well as Pritzker Laureate, Alvaro Siza for 611 West 56th Street. Bizzi & Partners, which has offices in New York, Milan, São Paulo, and Tallinn, worked with Pritzker Prize winning architect Renzo Piano to design both 565 Broome SoHo in Manhattan and Eighty Seven Park in Miami. The firm also developed the Langham Hotel in New York, designed by Charles Gwathmey.
Images by THE FIFTH MIAMI BEACH
World-Renowned Spanish Master Architect Albert Campo Baeza's First U.S. Commercial Building THE FIFTH MIAMI BEACH To Launch Leasing And Break Ground
Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, will begin leasing and start construction in the coming months for their new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza named THE FIFTH MIAMI BEACH. This will be the first commercial building in the United States and first building in Miami designed by Baeza, who won Spain’s National Prize for Architecture last year.
Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, will begin leasing and start construction in the coming months for their new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza named THE FIFTH MIAMI BEACH. This will be the first commercial building in the United States and first building in Miami designed by Baeza, who won Spain’s National Prize for Architecture last year. It will also be the first new commercial building to be built in Miami’s South of Fifth neighborhood in more than 15 years. This summer, less than one year after acquiring the site, Sumaida + Khurana and Bizzi & Partners received unanimous design approval by the Historic Preservation Board of Miami. Sumaida + Khurana is led by Founding Partners Saif Sumaida and Amit Khurana. Bizzi & Partners is led by CEO Davide Bizzi and Managing Director Alessandro Pallaoro.
The Fifth Miami Beach will redefine the modern office experience with a design that evokes poetic architecture through simplicity, beauty, and exquisite detailing. Its striking jewel box shape features a facade of precious white marble, transparent glass, and clean white concrete. Sumaida + Khurana and Bizzi & Partners decided to emphasize health and wellness throughout every aspect of the development.
The building incorporates a number of biophilic design elements which make it an elevated oasis, including massive, landscaped outdoor terraces, a majestic triple-height atrium at the building’s core and an impressive rooftop with expansive ocean and water views. It also includes an abundance of amenities including two dining venues, indoor and outdoor gyms, and a spa. With interiors designed by renowned architectural firm, Gabellini Sheppard Associates, the quality level of interior details, finishes and materials are what would be expected in a custom home.
"At The Fifth Miami Beach, we have sought to deliver a singular boutique office product that has not previously existed. By thoughtfully integrating contemporary architecture and craft, private fitness and spa amenities, expansive outdoor space and lush landscaping, curated dining options, and bespoke building services, our objective has been to think of the office building as a holistic ecosystem that supports the well-being and spatial experience of its tenants," said Amit Khurana, Founding Partner, Sumaida + Khurana.
“Alberto Campo Baeza’s architectural design features understated elegance, purity of design and subtle detailing that creates a calm, meditative ambiance that sets the tone for the rest of the building. We have assembled a stellar team to create an environment that is of the highest quality. In addition to Campo Baeza and Gabellini Sheppard Associates, award-winning firm Cube 3 serves as the executive architect and renowned firm, Miami-based Urban Robot Associates will be the project’s landscape architect,” said Alessandro Pallaoro, Managing Director, Bizzi & Partners.
Global commercial real estate firm Cushman & Wakefield will oversee office leasing efforts and is being led by Brian Gale, Ryan Holtzman and Andrew Trench. Miami Beach-based commercial retail brokerage firm, Avenue Real Estate Partners will be handling retail leasing and is led by Aaron Butler.
“The Fifth Miami Beach, which measures 60,000 square feet, will be the highest quality boutique office building ever built in the United States. We have never seen a product at this scale that offers the same architectural pedigree, custom finishes, and best-in-class amenities. It will be the perfect offering for flight to quality tenants,” said Brian Gale, Vice-Chairman, Cushman & Wakefield.
The building spans five floors and each appears to effortlessly float due to the custom steel edge details found along the concrete slabs. Office ceiling heights reach 14 feet and offer an abundant sense of light, air, and outdoor space throughout every level. Each floor includes extensive wraparound terraces created for relaxation or group gatherings, where colleagues can meet. The building includes a monumental marble lobby with 33-foot ceiling heights as well as a large atrium that runs through its core. It also incorporates multiple amenities for tenants to share including a crowning rooftop space offering unobstructed views of the ocean and Miami Beach; a state-of-the-art fitness center and spa wrapped in custom oak millwork and tundra marble; on-site dining venues providing healthy dining options; and a best-in-class dining establishment that will occupy the ground floor and mezzanine space. Two historic houses located on site will be carefully restored and incorporated into the building’s design. One will be geared towards becoming a café that will serve healthy options and another will include a private courtyard seating and a butterfly sanctuary garden.
The project has been designed to meet LEED certification standards and will feature environmentally friendly materials and construction methods, high energy efficiency, reduced water consumption, and advanced air quality and filtration systems. The building is situated at the entrance to Miami Beach from the MacArthur Causeway, in the South of Fifth neighborhood at the corner of Michigan and Fifth Street. SoFi has quickly become an exclusive enclave home to many popular restaurants, hotels, hot spots, and high-end condos.
Sumaida + Khurana and Bizzi & Partners are individually known the world over for developing some of the most significant real estate projects in the world, collaborating with critically acclaimed and architects and designers. New York-based Sumaida + Khurana collaborated with Pritzker Prize-winning architect, Tadao Ando to design 152 Elizabeth Street, as well as Pritzker Laureate, Alvaro Siza for 611 West 56th Street. Bizzi & Partners, which has offices in New York, Milan, São Paulo, and Tallinn, worked with Pritzker Prize-winning architect Renzo Piano to design both 565 Broome SoHo in Manhattan and Eighty Seven Park in Miami. The firm also developed the Langham Hotel in New York, designed by Charles Gwathmey.
Sumaida + Khurana and Bizzi & Partners Reveal 'THE FIFTH MIAMI BEACH' Class A+ Office Designed By Spanish Master Architect Alberto Campo Baeza
Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, have received approval from the City of Miami Beach to proceed with the construction of a new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza. The project is named THE FIFTH MIAMI BEACH and it will be Baeza’s first commercial building in the United States.
Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, have received approval from the City of Miami Beach to proceed with the construction of a new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza. The project is named THE FIFTH MIAMI BEACH and it will be Baeza’s first commercial building in the United States. Sumaida + Khurana is led by Founding Partners Saif Sumaida and Amit Khurana. Bizzi & Partners is led by CEO Davide Bizzi and Managing Director Alessandro Pallaoro, the firms expect to start construction imminently.
"We are very fortunate to have received unanimous design approval by the Historic Preservation Board of Miami Beach in less than one year since we acquired the property. We have treated THE FIFTH MIAMI BEACH as a labor of love and greatly appreciate how positively the City has responded to the design of our project. The collaboration among multiple world-class team members and stakeholders in Miami Beach has been extremely rewarding. We are excited to deliver a very special building that provides an exceptional offering to our tenants and the community," said Saif Sumaida, Founding Partner, Sumaida + Khurana.
The firms have tapped global commercial real estate firm Cushman & Wakefield to lead their leasing efforts. The building is ideally situated at the entrance to Miami Beach from the MacArthur Causeway, located in the exclusive enclave of South of Fifth, at the corner of Michigan and Fifth Street. The Class A+, LEED Certified office building will seek to take an innovative approach by delivering on the singular quality, craftsmanship and architectural pedigree that Sumaida + Khurana and Bizzi & Partners are renowned for delivering on their residential condominium projects.
“The pandemic has completely changed the relationship between employees and the built office environment. With THE FIFTH MIAMI BEACH, we have an exciting opportunity to set a new benchmark for modern office development by creating a dynamic ecosystem for tenants that is focused on both work and well-being by incorporating extensive wellness amenities within an architectural masterpiece designed by one of the world's great master architects, Alberto Campo Baeza, with an elevated interior design concept by the renowned architectural firm, Gabellini Sheppard Associates," said Alessandro Pallaoro, Managing Director, Bizzi & Partners.
World-renowned architecture firm, Gabellini Sheppard Associates is designing the interiors, award-winning firm Cube 3 is the executive architect and Miami-based Urban Robot Associates is the project’s landscape architect.
The project will be akin to an exquisite jewel box, wrapped in glass, white marble and white concrete. The biophilic design approach incorporates many elements that bring the outdoors inside and also provides expansive spaces that are ideal for tenants to design creative work environments. The building features a monumental marble lobby with 35-foot ceiling heights, 14-foot ceilings throughout office floors, open and flexible floorplans, floor-to-ceiling windows and every office includes expansive private outdoor terraces. Located in the center of the building is a large outdoor atrium that opens up all of the offices to a dramatic experience of light, air, and outdoor space. In addition, the building features multiple amenities for tenants to share including a private landscaped rooftop with expansive, unobstructed water views. This offering will be further complemented by a state-of-the-art fitness center and spa, multiple food and beverage options, and valet parking. The building will also offer advanced air quality and filtration systems that will be part of the focus on sustainability and health.
Based in Spain, Baeza has been widely recognized for his work including winning his country’s National Prize for Architecture in 2021. Some of his notable projects include the Houses Turégano and de Blas, both in Madrid, the Gaspar House, Asencio House in Cádiz, the Olnick Spanu Museum in Garrison, New York, the BIT Center in Inca-Mallorca, the Museum of Memory of Andalucía in Granada. In 2020, he won the competition to design a new bridge over the Piave River in Belluno, Venice.
Sumaida + Khurana is led by Founding Partners Saif Sumaida and Amit Khurana. Bizzi & Partners is led by CEO Davide Bizzi and Managing Director Alessandro Pallaoro. Both firms are individually known the world over for developing some of the most significant real estate projects in the world, collaborating with critically acclaimed and architects and designers. New York-based Sumaida + Khurana collaborated with Pritzker Prize winning architect, Tadao Ando to design 152 Elizabeth Street, as well as Pritzker Laureate, Alvaro Siza for 611 West 56th Street. Bizzi & Partners, which has offices in New York, Milan, São Paulo, and Tallinn, worked with Pritzker Prize winning architect Renzo Piano to design both 565 Broome SoHo in Manhattan and Eighty Seven Park in Miami. The firm also developed the Langham Hotel in New York, designed by Charles Gwathmey.
Sumaida + Khurana and Bizzi & Partners Announce Alberto Campo Baeza-Designed Office Building In South beach
Two internationally recognized real estate development firms – Sumaida + Khurana and Bizzi & Partners - have announced a new JV to develop best-in-class buildings across the United States. Their first project is an office building located in South Beach and designed by renowned Spanish master architect Alberto Campo Baeza.
Two internationally recognized real estate development firms – Sumaida + Khurana and Bizzi & Partners - have announced a new joint venture to develop best-in-class buildings across the United States. Their first project is an office building located in South Beach and designed by renowned Spanish master architect Alberto Campo Baeza. The developers’ objective is to deliver a Class A+ building that sets a new benchmark for architecture and quality in the office market. Perfectly situated at the entrance to Miami Beach from the MacArthur Causeway, it will be Baeza’s first building in Miami, as well as his first commercial building in the United States. Sumaida + Khurana is led by Saif Sumaida and Amit Khurana. Bizzi & Partners is headed by CEO Davide Bizzi and Managing Director Alessandro Pallaoro.
Bizzi & Partners and Sumaida + Khurana are individually known the world over for developing some of the most significant real estate projects in the world, collaborating with critically acclaimed designers. Bizzi & Partners, which has offices in New York, Milan, São Paulo, and Tallinn, worked with Pritzker Prize winning architect Renzo Piano to design both 565 Broome SoHo in Manhattan and Eighty Seven Park in Miami. The firm also developed the Langham Hotel in New York, designed by Charles Gwathmey. The firms recently decided to collaborate and will develop a wide range of luxury residential and commercial buildings across America through the new partnership. New York-based Sumaida + Khurana collaborated with Pritzker Prize winning architect, Tadao Ando to design 152 Elizabeth Street, as well as Pritzker Laureate, Alvaro Siza for 611 West 56th Street.
While the firms have generally focused on luxury residential development, the new partnership is also focused on elevating the quality level of office development by delivering the architectural pedigree, custom quality finishes, bespoke amenities and services delivered at their residential projects.
“We are happy to be entering into this new joint venture and are excited by the opportunity to be collaborating with Alberto Campo Baeza. His work speaks to both firms’ shared set of beliefs to create timeless buildings that are contextually appropriate and that thoughtfully consider the historic architecture of neighborhoods like South Beach,” said Davide Bizzi, Chief Executive Officer, Bizzi & Partners.
“We have a great deal of respect for one another’s projects and approach to development. We share in the vision to create seminal buildings that add significant value to the built environment. Alberto Campo Baeza’s buildings are known for their purity of design and subtle detailing. Similar to the other projects that our firms have developed, Campo Baeza’s design will provide the opportunity to deliver a building of exquisite craftsmanship and quality,” said Amit Khurana, Founding Partner, Sumaida + Khurana.
In the coming months, Sumaida + Khurana and Bizzi & Partners plan to release more details about the Baeza building, which is expected to start construction next summer. Project executive architect is the award-winning firm, Cube 3. World renowned architecture firm, Gabellini Sheppard is designing interiors. Miami-based Urban Robot Associates is the project’s landscape architect.
The building will be made of white concrete, glass, and marble. Many of its features including high ceilings, open and flexible floorplans, expansive private outdoor terraces for all offices, floor-to-ceiling windows, a fitness center, multiple F & B venues, and a large atrium that opens up all of the offices to a dramatic experience of light, air, and outdoor space for tenants, and a private rooftop with expansive water views.
Based in Spain, Baeza has been widely recognized for his work including winning his country’s National Prize for Architecture in 2021. He has designed the Houses Turégano and de Blas, both in Madrid, the Gaspar House, Asencio House in Cádiz, Rufo House in Toledo and Moliner House in Zaragoza. He has also designed the BIT Center in Inca-Mallorca, the public space Between Cathedrals, in Cádiz, the Caja de Granada Savings Bank and the Museum of Memory of Andalucía, both in Granada. In 2020, he won the competition for the new bridge over the Piave River in Belluno, Venice.
Bizzi & Partners and Sumaida + Khurana are currently in the process of finalizing details on additional developments they plan to announce in the near future.
Terra, New Valley, Great Eagle Holdings and Bizzi & Partners Pay Off $155 Million Construction Loan For Eighty Seven Park
The partners behind Eighty Seven Park, Pritzker Prize winning architect Renzo Piano’s first residential development in the United States, have paid off $155 million in construction financing for the newly-completed Miami Beach condominium tower.
The partners behind Eighty Seven Park, Pritzker Prize winning architect Renzo Piano’s first residential development in the United States, have paid off $155 million in construction financing for the newly-completed Miami Beach condominium tower. The loan, which was issued in 2017 by United Overseas Bank, helped fund the development of the 18-story, luxury tower located at 8701 Collins Avenue in the city’s North Beach neighborhood, which was delivered in November 2019. More than 90% of the development’s 66 residences have been sold, with unit sales representing over $400 million in total transaction value. Remaining residences are available from about $2 million to $10 million.
“Our ability to pay off our financing shortly after completion speaks to the strength of Eighty Seven Park’s development and design teams, and to the high-demand we’ve seen for this one-of-a kind iconic building,” said developer David Martin, President of Terra. “Renzo Piano and West 8 had such a powerful vision for this project, and we are thrilled by the response from our owners from across the U.S. and around the world.”
Since launching sales in 2016, Eighty Seven Park has attracted a diverse mix of residents including a significant percentage of domestic buyers. While the tower has enjoyed steady sales activity among global buyers, U.S. buyers have accounted for approximately 50% of all unit sales to date.
Residences at Eighty Seven Park feature floor-to-ceiling windows and wrap-around terraces. Each unit offers breathtaking panoramic views of the ocean and lush greenery. Among the design team was internationally acclaimed Parisian architect, Rena Dumas (RDAI), who created the tower’s interior and exterior living spaces. Luxurious amenities include around-the-clock concierge and butler service, an outdoor juice bar, a full-service salon for residents, and a full-time botanist who assist residents with their private balcony gardens. The residences feature large outdoor living spaces with summer kitchens, accounting for approximately 70% of each unit’s interior space. Additionally, owners and their guests have access to have a two-acre park.
Image by The Boundary
Renzo Piano's Eighty Seven Park Reveals Record-Breaking $68 Million Penthouse
Eighty Seven Park by Renzo Piano Building Workshop has revealed its penthouse in record breaking fashion. Priced at $68 million, the penthouse is unlike any other property on the market and is 2018’s most expensive home in Miami.
Eighty Seven Park by Renzo Piano Building Workshop has revealed its penthouse in record breaking fashion. Priced at $68 million, the penthouse is unlike any other property on the market and is 2018’s most expensive home in Miami. The penthouse floats atop 18 stories and completes the remaining two floors of the boutique condominium, spanning 25,000 SF with 360-degree park, city and ocean views that embrace nature more than anywhere else.
As the realized vision of Pritzker-Prize-winning architect Renzo Piano, Eighty Seven Park’s expertise at “bringing the outdoors in” has captured contracts with high-profile buyers like Novak Djokovic and more. The project is developed by Terra, along with Bizzi & Partners Development, New Valley and Pacific Eagle. A true gem and a modern-day sanctuary, Eighty Seven Park’s penthouse is filled with every luxe amenity anyone could ever imagine to ensure there’s no need to ever want to leave home.
Terra’s President David Martin said he wanted the penthouse to offer its future keyholders a home that “pays unrivaled attention to detail,” and this iconic residence truly leaves no stone left unturned.
The penthouse is designed by RDAI, best-known for their long history with Hermès. It features six bedrooms, eight bathrooms, three powder rooms with 12,410 SF of interior space and 18,247 SF of outdoor terrace. The residence also features unobstructed ocean, park and city views; a personal fitness center, two private elevators, a state-of-the-art home cinema, floor-to-ceiling windows, vertical gardens, a personal Turkish hammam, two 40’ long sunset and sunrise infinity pools, jacuzzi, outdoor theatre, putting green and two summer kitchens.
“We looked to provide a serenely relaxed atmosphere,” said RDAI Design Director Julia Capp about the penthouse. “Its incredible location and views allow the light to gently infuse the interior and maintain contact with the exterior – which was an integral part of the design.”
“We want to engage and bring purposeful living not only to the buyers of Eighty Seven Park, but to the North Beach neighborhood as a whole,” says David Martin, President of Terra. “Along with the attention to detail that was poured into every aspect of Eighty Seven Park, our development also focused on urban planning that contributes to the neighborhood. We have discerning buyers from all around the world who recognize that there is intrinsic value in purchasing long-lasting assets with positive community impact.”
Away from the noise, Eighty Seven Park is nestled in North Beach where exclusivity is high, yet availability is low. At 80% sold, Eighty Seven Park is the one of the only boutique options still available for purchase. Eighty Seven Park is also the only building that has no more than four residences per floor, a residents-only garden, five-star amenities without hotel hassles, and a 35-acre park transformed by West 8 next door.
“Eighty Seven Park is a project that is truly singular for the South Florida market,” said Howard M. Lorber, Chairman of Douglas Elliman Realty. “It’s world-class architecture by Renzo Piano, direct oceanfront location, high-caliber interior design and luxury suite of amenities has proven to be appealing to buyers from across the United States and from around the globe. We look forward to continued sales success now that the super-structure is complete.”
For more information about Eighty Seven Park, private showings or purchasing/ leasing information please fill out the form below:
Terra, New Valley, Great Eagle Holdings and Bizzi & Partners Secure $155 Million In Construction Financing for Eighty Seven Park, Prepare to Commence Vertical Construction
Terra, New Valley, Great Eagle Holdings and Bizzi & Partners, the partners behind Eighty Seven Park, Renzo Piano’s first residential project in the U.S., have finalized a construction loan that will open the door to vertical construction. The loan is for $155 million in construction financing from United Overseas Bank. Terra has reported that the building is now over 60% sold with a sales volume of over $250 million. The start of vertical construction follows initial site work that involved placing 300 foundation pilings into the ground.
“Local and international buyers are responding to Eighty Seven Park’s brand of intelligent luxury, with more than sixty percent of our sixty-six units now sold,” says Terra president and co-founder David Martin. “Eighty Seven Park’s singular location, combined with Renzo Piano’s sophisticated design and the equity we’ve built through pre-construction sales, have created a powerful combination that put us in position to secure construction financing.”
“Buyers seeking oceanfront living in Miami Beach have many options, and Eighty Seven Park is the most desirable among them as evidenced by our sales success,” says Howard M. Lorber, chairman of Douglas Elliman Real Estate and CEO of Vector Group, the parent company of New Valley. “Our project offers the amenities, exclusivity and sophisticated design that today’s most discerning buyers are looking for.”
“IRR Miami’s market forecasts indicate that the only new projects that will get started over the next 24 months are those sponsored by the strongest developers,” explains Anthony Graziano, chairman of Integra Realty Resources and senior managing director for IRR-Miami/Palm Beach. “The strength of Eighty Seven Park lies in its location, design, and the experience of the development team that Terra has assembled. This is another example of Terra’s ability to deliver bold projects in irreplaceable locations.”
Eighty Seven Park is located on Collins Avenue in North Beach at 87th St. and Collins, which is the northern-most parcel of land in Miami Beach. Eighty Seven Park will be an 18 story glass tower with expansive, unobstructed views of the Atlantic Ocean, Miami Beach and Biscayne Bay. The building was designed by famed designer and Pritzker Prize-winning architect Renzo Piano Building Workshop in collaboration with RDAI, West 8 designed the landscape architecture and Ruben and Isabel Toledo will handle branding and marketing material. Eighty Seven Park will feature 68 residences that range from 1 to 5 bedroom layout and 1,400 SF to over 7,000 SF. Pricing ranges from $1.6 million to $15.2 million. There will also be a full-time concierge and butler service, smart home and building technology and five-star amenities including a salon, resort style pool with full-service bar, valet, security, library and on-site enoteca complete with on-site wine tasting. Eighty Seven Park is expected to be completed in 2018.
Sales Update: Renzo Piano's Eighty Seven Park Passes 60% Sold, To Break Ground Next Month
Terra's Eighty Seven Park in Surfside, designed by the legendary Renzo Piano, is reporting that pre-sales at the tower have passed the 60% mark and the developers are aiming to break ground next month (August 2017). Douglas Elliman Development Marketing is overseeing sales where reportedly among notable buyers is Million Dollar Listing New York's Fredrik Eklund. Eighty Seven Park is a joint venture headed up by Terra with Bizzi & Partners Development, New Valley and Pacific Eagles Holdings Corporation.
Eighty Seven Park is located on Collins Avenue in North Beach at 87th St. and Collins, which is the northern-most parcel of land in Miami Beach. Eighty Seven Park will be an 18 story glass tower with expansive, unobstructed views of the Atlantic Ocean, Miami Beach and Biscayne Bay. The building was designed by famed designer and Pritzker Prize-winning architect Renzo Piano Building Workshop in collaboration with RDAI, West 8 designed the landscape architecture and Ruben and Isabel Toledo will handle branding and marketing material. Eighty Seven Park will feature 68 residences that range from 1 to 5 bedroom layout and 1,400 SF to over 7,000 SF. Pricing ranges from $1.6 million to $15.2 million. There will also be a full-time concierge and butler service, smart home and building technology and five-star amenities including a salon, resort style pool with full-service bar, valet, security, library and on-site enoteca complete with on-site wine tasting. Eighty Seven Park is expected to be completed in 2018.
Ytech has unveiled 75 Broadway in Brickell: a 52-story collection of 106 homes from $3 million, designed by KPF with ACPV interiors and Enea landscapes. Completion is anticipated in late 2029.