Moishe Mana Closes On Five Properties In Downtown Miami's Flagler District For $59.62 Million

Moishe Mana is steaming forward on plans for Downtown Miami’s Flagler District after closing on five properties in the past week for $59.62 million. Construction is progressing at several other of his properties in the neighborhood as the demand for office, retail and entertainment spaces in Miami increases. Moishe Mana first acquired three buildings at 100 N Miami Avenue, 173 NE 1st Street and 124 NE 2nd Avenue for $25,375,000. Together the properties total 50,197 sq. ft., situated on 28,750 sq. ft. of land. One week later Mana acquired the Shoreland Arcade building and 1 West Flagler following the acquisition of another three buildings in the neighborhood just last week. The Shoreland Arcade is located at 120 NE 1st Street. and spans 89,994 sq. ft., situated on a 37,994 sq. ft. lot of land. It was acquired for $29.5MM and 1 West Flagler, a 7,900 sq. ft. building was acquired for $4,750,000.

“The Flagler District is the only destination fully equipped to respond to the sky-rocketing demand for office, retail and entertainment space. We’re moving forward with development and approaching completion of key assemblages, adding historic pieces that are central for carrying out our vision for this neighborhood,” said Moishe Mana.

Colliers Urban Core Division Executive Managing Director Mika Mattingly and Senior Associate Cecilia Estevez represented both the buyers and sellers in each off-market transaction. The sellers of the first three building assemblage were SG&S Inc and Flexini Investments Inc. and the second properties were sold by Broks Center LTD.

“Transformative developments taking shape in downtown Miami, along with organic growth of quality retail and restaurants in the area, have resulted in a migration of people seeking a true work, live, play environment,” said Mattingly. “After years of being ignored by the investment community, everyone is rushing to own a piece of downtown Miami, fueling an insatiable desire for real estate in this submarket. Transactions like this are reducing the inventory available for investment, with very few opportunities of this size and scale remaining in downtown.”

Moishe Mana, CEO of Mana Common, is the largest private landowner in Miami with a significant assemblage of over 60 properties spanning more than 1.3 million square feet in downtown Miami’s Flagler District. Under his real estate division, Mana Properties, the visionary entrepreneur has begun construction on several sites in downtown Miami including at the Nikola Tesla Innovation Hub, the first building on track for completion.

“The Flagler District is on its way to becoming the best neighborhood in America,” said Moishe Mana. “We are turning the downtown core into Miami's economic engine. What the people of Miami really need are jobs-- high-paying, long-term, wealth-creating jobs, so those that built Miami into a global destination can benefit from its prosperity.”

As downtown Miami continues to flourish with the return of global capital and major developments underway, Moishe Mana intends to transform the neighborhood into a global hub for tech and innovation, connecting North and Latin American markets. The vision comes from a thoughtful intent to support commercial development in the downtown core as the demand for office and retail spaces in Miami increases.

‘The sleeping giant that was Downtown Miami is finally roaring awake after a hundred years of slumber,” said Mika Mattingly. “Downtown is evolving organically into the coolest place in Miami. What other location has those exquisite historical buildings?”

Douglas Elliman Lists On The NYSE Under Ticker Symbol 'DOUG'

Douglas Elliman Inc. (NYSE: DOUG) (“Douglas Elliman”) has completed its previously announced spin-off from Vector Group Ltd. (NYSE: VGR). On Thursday December 30, 2021 Douglas Elliman officially began trading on the New York Stock Exchange under the symbol “DOUG” and has been added to the S&P SmallCap 600®.

Douglas Elliman Realty, LLC is one of the largest residential brokerage companies in the New York metropolitan area and the sixth largest in the U.S. Douglas Elliman has an established and growing presence in most major luxury markets – primarily international finance and technology hubs that are densely populated and offer housing inventory at premium pricing points. Douglas Elliman’s attractive financial profile includes a strong balance sheet with $200 million of net cash and significant operating leverage, supported by a track record of impressive revenue growth, disciplined expense management led by seasoned industry executives, healthy margins and limited capital expenditures.

As a standalone company, Douglas Elliman will leverage these core competencies and differentiated market focus to pursue profitable growth opportunities through market expansion, retention and recruitment of best-in-class talent and acquisitions and acqui-hires. Douglas Elliman will also source, use and invest in early-stage, disruptive property technology (“PropTech”) solutions and companies that easily integrate into its technology foundation, allowing Douglas Elliman to remain flexible, nimble and asset-light while providing cutting-edge solutions that improve client, customer and agent experience.

“Today marks an exciting new chapter for Douglas Elliman,” said Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “As a standalone company, Douglas Elliman will leverage its differentiated approach, portfolio of innovative technology services and a best-in-class team of employees and agents to capitalize on growth opportunities in the highly attractive U.S. residential real estate market. We believe there is a bright future ahead for our company as a standalone entity.”

“We are thrilled that Douglas Elliman has reached this milestone – one that would not be possible without the hard work and dedication of our incredible agents and employees,” said Scott Durkin, Chief Executive Officer of Douglas Elliman Realty, LLC. “As a standalone company, we look forward to building on Douglas Elliman’s leading luxury brand and longstanding tradition of excellence, while continuing to drive long-term value for stockholders.”

Mast Capital Acquires Prime 2.8-Acre Site In Brickell To Develop 3-Tower Luxury Mixed-Use Project

Miami-based developer Mast Capital closed on the 2.8-acre site located at 1420 S Miami Ave for $103 million. The site is located on the southern edge of the Brickell Central Business District market and represents one of the last remaining raw parcels of land available to build a high-rise development of scale in the area. Mast Capital partnered with private equity real estate firm Rockpoint for acquisition of the multifamily component, the third joint venture between the two firms in 2021.

Mast Capital submitted site plans for a master-development totaling 2.6 million square feet across three residential towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers, 50 stories and 60 stories each, with a combined 850 luxury apartments. The condominium tower will be affiliated with a luxury lifestyle brand with plans to provide resort-style amenities, including food and beverage services exclusively for resident use. The development will also include 1,650 parking spaces and ground-floor retail on South Miami Ave.

The site has been highly anticipated and coveted for development dating back 15 years. In the mid-2000s, the site was planned as “Capital at Brickell”, a two-tower project consisting of residential, office, hotel, and retail uses. Foundation work began in 2007, but the project was abandoned during the Great Recession. In 2014, a China-based corporation acquired the site and received plan approvals for a project that included two towers spanning 75- and 73-stories. However, this development was also shelved after years of uncertainty regarding the future of the project. Mast Capital and the seller agreed to an off-market purchase of the site earlier this year.

“We are excited by the potential to create a thoughtful, iconic project that will define and anchor south Brickell. This project will transform the character of the neighborhood and it is a great privilege to be given this rare opportunity,” said Camilo Miguel, Jr., CEO and founder of Mast Capital. “We believe Brickell will continue to outperform from the ongoing demographic shift. Our vision is to offer a differentiated product that stands out from the current offerings and appeals to a wide variety of residents.”

Brickell has achieved robust rent growth and outpaced the market at large in 2021. Since Q1 2021, rents for condos built in Brickell over the last five years increased over 30% on the back of strong in-migration to Miami. While the influx of new residents to the area seeking a cosmopolitan lifestyle, warm weather, and favorable tax environment is not new, this trend has dramatically accelerated since mid-2020.

”While South Florida was seeing strong growth prior to the pandemic, it became evident to us early on that the pandemic would result in further tailwinds for South Florida. We worked hard to identify attractive investment opportunities and as a result have had a very active 18 months. The closing of the Brickell site is the culmination of a very exciting 2021 for Mast Capital,” added Camilo Miguel, Jr.

Black Lion Investment Group Acquires Commercial Units In South of Fifth's Marea Featuring RED Steakhouse And KoSushi Spaces

Black Lion Investment Group (“Black Lion”) has acquired an entire block of commercial condo units at the base of the iconic Marea building in the heart of Miami Beach’s South of Fifth (“SoFi”) neighborhood. The six-story building at 801 South Pointe Drive was originally developed by the famed Related Group and features 30 luxury residential condos atop the commercial units. Black Lion purchased the 19,100 square feet of premium commercial real estate space for $19,000,000 on December 17, 2021. President and Chief Executive Officer, Fabio Faerman, and Executive Director, Sebastian Faerman, of FA Commercial facilitated the transaction.

Existing tenants include RED Steakhouse, a Miami Beach mainstay for over a decade, and KoSushi, the establishment that debuted the Michelin-starred restaurant in the United States after being awarded the distinction in Brazil upon its opening in 2015. Black Lion has the intent of introducing additional flagship restaurants to the property.

“The entire Miami market has rapidly evolved into the epicenter for fine dining and high-end nightlife experiences over the last several years,” said Robert Rivani, president of Black Lion. “Our objective for the investment in Marea is to invite more fine dining restaurants to this culinary and cultural mecca to further elevate Miami’s reputation on a global scale. We have multiple world-renowned food and beverage concepts in the works and anticipate that even more international and domestic visitors will be attracted not only to our restaurants but to the vibrancy of this burgeoning market overall.”

Other notable restaurants in the SoFi neighborhood include Joe's Stone Crab, Smith & Wollensky, Carbone, Papi Steak, and Estiatorio Milos. Celebrity chef Gordon Ramsey recently announced that he'll be opening his first-ever Miami restaurant, Lucky Cat, just steps from the Marea building.

MV Real Estate Holdings and Driftwood Capital Announce JV On $185 Million Riverside Wharf Featuring Dream Hotel On Miami River

Miami Developer Alex Mantecon of MV Real Estate Holdings (MVREH), in conjunction with Driftwood Capital, one of the country’s leading hospitality sponsors, has revealed plans for the Riverside Wharf, a hospitality-driven entertainment complex situated along the historic Miami River that will push the limits of what is known today as hospitality in Miami. The 200,000-square-foot, two-tower development will offer a fully immersive Miami experience anchored by the highly amenitized 165-key Dream Miami luxury hotel. The complex will feature the rebirth and expansion of The Wharf Miami, 16,000 square feet of signature restaurants, a 12,000-square-foot event hall, a world-class 30,000-square-foot nightclub and rooftop dayclub, and a private deep water marina capable of accommodating megayachts.

“Riverside Wharf will be a destination for entertainment unlike any Miami has seen, bringing together world-class entertainment and hospitality offerings to a unique waterfront destination with direct Intracoastal access to the ocean,” said Mantecon. “We are excited to finally bring to fruition the dream and vision Miami has had for its riverfront entertainment district which until now has historically sat vacant and underutilized.”

Added Carlos Rodriguez Jr., COO of Driftwood Capital, “As Miami continues to attract new capital, new world-class tech and financial firms, and new talent from other parts of the country, the demand for one-of-a-kind destinations combining elements of luxury, nature, outdoor adventure and unique dining experiences is poised to escalate rapidly. We’re pleased to be able to contribute several decades of hospitality development and operational expertise to this truly unique development which will enhance Miami’s skyline and elevate the entire Miami River District.”

“Miami is a top international destination for world-class hospitality and entertainment, and continues to set the bar with exciting new experiences for travelers unlike anything else in the world,” said Mayor of Miami Francis Suarez. “Dream Miami at Riverside Wharf will be an unparalleled development in the heart of Miami for visitors and locals alike, and I couldn't be more excited to see it launch."

At 10 stories, the $185 million mixed-use development will rise on the current site of The Wharf Miami and the abutting vacant parcel. The 1.5-acre assemblage is the culmination of the vision established in the City of Miami’s 2016 voter referendum approval, obtained by MVREH, for the development of food and beverage establishments along the waterfront. The roughly 600 linear feet of water frontage will provide for the continuity of the publicly accessible Riverwalk, seamlessly connecting Riverside Wharf between Downtown Miami and Brickell. Riverside Wharf will take on the benefits of MVREH and Driftwood Capital’s best-in-class partners, including Dream Hotel Group’s growing success in highly amenitized luxury food and beverage oriented hotel properties, and Breakwater Hospitality Group’s ongoing success of high-volume entertainment venues.

“There is a natural synergy between Dream Hotel Group and the city of Miami,” said Dream Hotel Group CEO Jay Stein. “Our leading lifestyle brand Dream Hotels continues to expand quickly, just like Miami, offering international hospitality, vibrant entertainment and one-of-a-kind experiences sought by local residents, as well as business travelers and pleasure seekers from across the globe. We are thrilled to take part in this extraordinary project and can’t wait to open our doors in 2025.”

Riverside Wharf will transform the storied Miami River district while paying homage to the historic fishing culture of the neighborhood by celebrating the area’s beloved Garcia’s Fish Market with a pop-up seafood market on the grounds, where locals can get the freshest catch daily.

The development is slated to break ground in 2022 and be completed by 2025. It is designed by Jon Cardello of Cube3 architects with landscape design by Savino-Miller Design Studio.

Step Inside A Newly Listed 2 Bedroom + Den Bijou Bay Harbor Waterfront Residence Magnificently Designed By Adriana Hoyos Asking $1.89 Million

The Bay Harbor Islands have been one of Miami’s hottest neighborhoods over the past several months and this newly custom-designed turnkey waterfront condo asking $1.89 million immerses you in the islands’ tranquility with breathtaking views and is just a short walk to the beach. Bijou Bay Harbor Unit 502 is a waterfront corner two bedroom 2 1/2 bath plus den which comes fully furnished and move in ready. The turnkey residence was designed and decorated by Adriana Hoyos. The residence spans 1,772 SF with an additional 300 SF of patio space. Bijou Bay Harbor only has 41 total boutique residences and Unit 502 is the only available fully furnished and move in ready residence in the building. Bijou Bay Harbor is only one block from Bal Harbor Shops and is walking distance to Bal Harbor Shul and Young Israel Synagogue, as well as the beach and Surfside.

Bijou Bay Harbor 9521 E Bay Harbor Drive Unit 502 is currently listed for $1.89 million with Mark Pordes and Garrett Pordes of Pordes Residential. For more information or to set-up a showing please contact Mark at (305)-588-7769 or email Mark@pordesresidential.com, or Garrett at (305)-785-8880 or email Garrett@pordesresidential.com.

This article was made in partnership with Pordes Residential

Forte Capital and Sheridan Capital Partnership Acquires Wynwood Commercial Property For $6.35 Million

Forte Capital, led by Chaim Cahane, and Sheridan Capital have acquired 2830 NW Fifth Ave. in Wynwood from Alex Karakhanian’s LNDMRK Development for $6.35 million. The buyers plan to reposition the existing 14,000-square-foot building at 2830 NW Fifth Ave. into creative offices. DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff represented both the seller and buyer in the transaction which closed on December 16.

“This property is perfectly positioned within Wynwood’s core pedestrian district and at the intersection of the neighborhood’s high-density main access corridor,” Arellano said. “We successfully marketed the building as an unparalleled adaptive re-use opportunity. The buyers will do a tremendous job executing that plan.”

The property features private gated parking, high ceilings and quick access to highways. It is walking distance to some of Wynwood’s most notable projects and landmarks, including 545wyn, the Wynwood Building, Love Life Café, Morgan’s and the Wynwood Garage.

“Wynwood is the talk of the nation, given the substantial technology and finance migration to the neighborhood,” Marinoff said. “This building will cater to the demand for cool and creative office space in Wynwood. As we head into 2022, there is still incredible demand from the investment world for acquisition and development opportunities here.”

Master Brokers Forum Listing: Check Out This Luxe Oceanfront Condo Asking $5.2 Million At Muse Residences In Sunny Isles Beach

Master Brokers Forum: Master Brokers Forum member Michael Sadov presents this magnificent opportunity to own an oceanfront unit in the Muse Residences condominium in Sunny Isles Beach with 3 beds and 3.5 baths. Features include a private foyer, 12-foot ceilings, large open kitchen, large terrace, and luxury finishes such as marble and wood floors, smart home system and astonishing views. The master suite is equipped with a midnight bar, spa-like bathroom and an expansive walk-in closet. Amenities include infinity-edge pool, breakfast for owners, food/beverage service, car automated parking system, sauna/steam and fitness center.

Muse Residences 17141 Collins Ave #2501, Sunny Isles Beach, FL is currently listed for $5,300,000 with Michael Sadov of The Real Estate Club, who can be reached at 786-285-5594 and/or michael.sadov@gmail.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

This article was produced in partnership with Master Brokers Forum

Related Group, Integra Investments Announce The St. Regis Residences, Miami, Ushering In New Golden Age For South Florida

A partnership between Related Group and Integra Investments have announced plans for The St. Regis Residences, Miami, an uncompromising new condominium set to redefine Miami’s skyline. The two-tower property is set at the pinnacle of design, combining the talents of Robert A.M Stern Architects (RAMSA) and Rockwell Group spearheading architecture and interiors, respectively. The 354 bespoke residences set across both towers will offer an equally sophisticated experience. Homes will range from a 1,300 sf one-bedroom to a 7,000 sf duplex, with prices starting at $2,000,000. The project has a sell-out expected to exceed $2 billion.

“Miami is truly coming into its own and Brickell is at its epicenter,” says Jon Paul Pérez, President at Related. “Much like the first St. Regis hotel solidified New York City as the global hub for culture, commerce and society 100+ years ago, our plans for this property cement Brickell as an international metropolis for a new era of connoisseurs.”

Located at 1809 Brickell Avenue, the residential development will offer an everyday hotel-inspired living experience, complete with historic five-star service. Owners will enjoy lifestyle offerings worthy of the legendary St. Regis name, offering over 55,000 sf amenity areas – from an indoor lap pool to the iconic St. Regis Tea Room – as well as the brand’s signature Butler service and curated assortment of iconic rituals. Never-ending views of Biscayne Bay’s turquoise waters, rounds out the picture-perfect package.

“Miami has reached a new level of prestige, solidifying its position as one of the world’s most desirable places to live, work and play,” said Nelson Stabile, Principal at Integra. “Given the insatiable demand for top-tier residential product, we feel the market is ready for a bespoke building of this caliber—a masterpiece with an elevated lifestyle experience that only the iconic St. Regis brand can deliver. We are sparing no expense to make this the definitive Miami address.”

St. Regis Hotels & Resorts has set the standard for glamour and sophistication for more than a century. The original St. Regis New York City property, which opened in 1904, has long been a destination among the world’s elite, including cultural icons such as Andy Warhol, Salvador Dalí and Marilyn Monroe. With its new Miami entry, St. Regis continues its legacy of being at the bleeding-edge of luxury and culture.

The sales gallery for The St. Regis Residences, Miami is expected to open early next year. Reservations will begin in January, with official sales slated to begin early 2022. Sales and marketing are being overseen by ONE Sotheby’s International Realty.

For more information about The St. Regis Residences, Miami,, private showings or purchasing/ leasing information please fill out the form below:

The St. Regis Residences, Miami is not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). 1809 Brickell Venture, LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made about the project.

Pura Vida Expands To Broward County With Opening Of Pura Vida Las Olas In Fort Lauderdale

Pura Vida, the wellness-driven all-day cafe hotspot known for its healthy extensive menu and tropical chic vibe, continues its South Florida expansion with Pura Vida Las Olas set to open in Fort Lauderdale on Friday, December 17. Husband-wife founders, Omer and Jennifer Horev, both grew up in Fort Lauderdale. Launching in December 2021 in Las Olas, this marks Pura Vida’s ninth restaurant opening and the brand’s first location in Broward County, with anticipated plans for several additional Broward County outposts to come within the next 12-24 months.

“I am absolutely thrilled to be able to expand the Pura Vida brand into the great city of Fort Lauderdale - the very city which led to the start of my real estate career. Having lived in the area from 2005-2010, I am excited to be able to go back and I’m honored to have the opportunity for Pura Vida to be a part of it.” Said Omer Horev, Chief Executive Officer and Founder of Pura Vida.

Boasting 4,442 square feet of outdoor dining space, Pura Vida Las Olas is designed in the brand’s signature Instagram-worthy aesthetic, characterized by minimalist design elements, natural tones and light wooden finishes that create a bright and airy space. Located at the Society Las Olas building in Fort Lauderdale, the latest Pura Vida unveiling is nestled behind Multidisciplinary artist, Daniel Popper’s iconic “Thrive” sculpture and is poised to establish itself as an all day breakfast, brunch and lunch destination for locals and visitors.

“Aside from offering locals a new go-to spot for all day breakfast and lunch, we are also very much looking forward to collaborating with the community and surrounding local businesses. I also grew up in the Weston / Fort Lauderdale area, so this is a very special location for me as well. My family and friends are absolutely thrilled we are finally bringing the Pura Vida concept to Broward! ” Said Jennifer Horev, Chief Brand Officer and Founder of Pura Vida.

Pura Vida established roots in Miami Beach back in 2012. Led and founded by husband-wife team Omer and Jennifer Horev, what initially started out as a side passion project quickly expanded into a prominent health-focused restaurant and lifestyle brand with several outposts across South Florida. Today, the couple have nurtured and steadily expanded the Pura Vida brand to include numerous locations including eight cafes in Miami, one in West Palm Beach’s The Square and their most recent unveiling in downtown Las Olas, Fort Lauderdale.

Familiar Pura Vida patrons can look forward to the cafe’s quality-driven menu, offering an array of cold-pressed juices and superfood smoothies, kombucha, artisanal coffees, an amazing offering of freshly based goods, an extensive All-Day Breakfast Menu featuring a range of avocado toasts, free-range egg sandwiches, fresh bagels, wraps, and bowls, Raw organic Açaí Bowls, crisp and refreshing salads topped with wild ahi tuna, chicken, salmon, or vegan-lentil based adashah and a wide variety of gluten-free and vegan sweet treats.

Pura Vida Fort Lauderdale is located at 221 SW 1st Ave, Fort Lauderdale, FL 33301 and will be open Monday through Sunday, 8AM - 4PM. Delivery and pick-up are available through the Pura Vida Miami app.

Images via Pura Vida