Former Formula 1 Racing Star Rubens Barrichello Buys $8 Million Condo at Colette Residences

Former F1 racing-star Rubens Barrichello has purchased a condo at Colette Residences for $8 million, $1,844 per square foot. The two-floor townhome residence spans 4,300 SF offering 4 bedrooms and 5.5 bathrooms with an additional 2,000 SF of outdoor space. Colette Residences is a new boutique luxury condominium development in South Brickell being developed by META Development.

Colette Residences introduces an intimate residential concept that blends architectural sophistication with a serene, neighborhood-centric lifestyle. Located in South Brickell—an area increasingly recognized as Miami’s next luxury residential frontier—Colette offers a refined alternative to the district’s high-rise energy.

The five-story development features just 38 residences, including two signature penthouses, designed for those who value privacy, connection, and design integrity. Residences range from two to four bedrooms starting at 2,145 square feet, with pricing beginning at $3.3 million. Sales are overseen by The Eklund | Gomes Team at Douglas Elliman Development Marketing.

Designed by acclaimed Brazilian architecture studio OSPA, the building reflects a human-centered design ethos that seamlessly integrates indoor and outdoor living. This marks OSPA’s Miami debut and builds on META’s track record of architecturally distinct projects such as OPUS Coconut Grove. The project emphasizes privacy, connection to community, thoughtful design, and spacious floor plans, attracting buyers seeking a more intimate residential experience in one of Miami's most desirable neighborhoods.

Despite its intimate scale, Colette offers a robust amenity program rivaling larger-scale towers. Indoor amenities span approximately 5,000 square feet, complemented by 7,000 square feet of outdoor spaces designed for relaxation and entertaining. Highlights include:

• A 50-foot swimming pool with private cabanas

• A 5,200-square-foot sun deck

• A wellness spa with jacuzzi, sauna, and steam room

• A screening room, children’s playroom, and meeting suite

• 24/7 valet service and covered parking for two or three cars per residence, with EV charging stations

• Private storage units for each homeowner

The purchase further reinforces demand for boutique luxury developments. With a limited collection of residences available, Colette continues to attract discerning domestic and international buyers seeking both lifestyle and investment opportunities in South Florida.

Construction activity at the project is expected to advance in the coming months as META Development moves forward with the next phase of development. Completion is slated for summer 2028.

The Colette Sales Gallery is located at 3390 Mary Street, Suite #124, Coconut Grove, FL 33133. Visitors can experience an immersive virtual tour, scale model, and full-size model kitchen and bath to preview the building’s design vision and lifestyle offering.

Past PROFILEmiami articles about Colette Residences:

For more information about Colette Residences or to inquire about purchasing a unit please fill out the form below:

Single Buyer Acquires Four Residences For $15 Million at META Development's Colette Residences to Create Two Custom Duplex Townhomes

Four residences which will be combined into two duplex townhomes have sold for $15 million at Colette Residences, a boutique luxury condominium development in South Brickell being developed by META Development. The transaction marks one of the project's most significant sales to date and underscoring continued demand for highly customized, large-format residences in Miami's urban core.

The transaction involved a single international buyer acquiring four residences totaling 9,029 square feet, which will be combined into two separate duplex townhouses. The residences traded for $1,661 per square foot and will occupy two full floors within the development, creating a uniquely scaled living experience rarely available in the Brickell market.

Represented by South Florida’s leading luxury residential sales team Eklund | Gomes and designed by renowned architecture and interior design firm OSPA, the future duplex townhouses reflect a growing preference among luxury buyers and investors for expansive, customizable residences that offer the privacy and exclusivity of a single-family home within a boutique condominium setting.

"This transaction speaks to the growing demand for larger, more personalized living environments within Miami's luxury residential market," said Andrew Rasken, CEO of META Development. "Today's buyers are looking beyond traditional condominium layouts and are increasingly seeking opportunities to create residences tailored to their individual lifestyles and long-term investment strategies. Colette was designed with that flexibility and level of exclusivity in mind."

Located in South Brickell, Colette Residences is a 38-residence boutique condominium, offering a refined alternative to larger high-rise developments. The project emphasizes privacy, connection to community, thoughtful design, and spacious floor plans, attracting buyers seeking a more intimate residential experience in one of Miami's most desirable neighborhoods.

"What makes this transaction so noteworthy is not just the $15 million price tag, but the buyer's vision," said Fredrik Eklund, Founder of Eklund | Gomes. "We're seeing sophisticated buyers move away from standardized luxury and toward residences that can be tailored to their exact needs. The ability to acquire four homes and create two expansive duplex townhouses in a boutique building like Colette is incredibly rare in Brickell, and it speaks to the project's unique appeal."

The assemblage further reinforces demand for boutique luxury developments that offer customization opportunities not typically found within larger condominium projects. With a limited collection of residences available, Colette continues to attract discerning domestic and international buyers seeking both lifestyle and investment opportunities in South Florida.

Construction activity at the project is expected to advance in the coming months as META Development moves forward with the next phase of development.

Past PROFILEmiami articles about Colette Residences:

For more information about Colette Residences or to inquire about purchasing a unit please fill out the form below:

META Development Launches Colette Residences, a Boutique Luxury Address Redefining South Brickell Living

META Development, the Miami-based firm known for its “Go Boutique” philosophy, has officially launched sales for Colette Residences, a new boutique luxury condominium in South Brickell. Partnering with the Eklund | Gomes Team at Douglas Elliman Development Marketing, META introduces an intimate residential concept that blends architectural sophistication with a serene, neighborhood-centric lifestyle.

Located in South Brickell—an area increasingly recognized as Miami’s next luxury residential frontier—Colette offers a refined alternative to the district’s high-rise energy. The five-story development features just 38 residences, including two signature penthouses, designed for those who value privacy, connection, and design integrity. Residences range from two to four bedrooms starting at 2,145 square feet, with pricing beginning at $3.3 million.

Designed by acclaimed Brazilian architecture studio OSPA, the building reflects a human-centered design ethos that seamlessly integrates indoor and outdoor living. This marks OSPA’s Miami debut and builds on META’s track record of architecturally distinct projects such as OPUS Coconut Grove.

“Colette represents the next evolution of our philosophy, curating residences that feel personal, tailored, and refined,” said Andrew Rasken, Founder and CEO of META Development. “In a district known for its high-rise energy, Colette is intentionally exclusive—crafted for those who value a calmer, more connected way of living without compromising on design or amenities.”

As part of its commitment to community impact, META Development will donate $10,000 for every residence sold to Friendship Circle of Miami, a nonprofit supporting children and young adults with special needs.

Despite its intimate scale, Colette offers a robust amenity program rivaling larger-scale towers. Indoor amenities span approximately 5,000 square feet, complemented by 7,000 square feet of outdoor spaces designed for relaxation and entertaining. Highlights include:

• A 50-foot swimming pool with private cabanas

• A 5,200-square-foot sun deck

• A wellness spa with jacuzzi, sauna, and steam room

• A screening room, children’s playroom, and meeting suite

• 24/7 valet service and covered parking for two or three cars per residence, with EV charging stations

• Private storage units for each homeowner

“Miami buyers are increasingly seeking boutique-scale projects that combine privacy with sophistication,” said Fredrik Eklund, co-founder of the Eklund | Gomes Team. “Colette delivers exactly that—an intimate collection of residences in one of the city’s most dynamic neighborhoods, blending global design with the lifestyle today’s buyers demand.”

Situated minutes from Brickell’s business core yet set within a peaceful, park-filled enclave, Colette residents enjoy walkable access to waterfront promenades, fine dining, and cultural destinations, all while maintaining the tranquility of a low-rise community. “We’re seeing interest from buyers who’ve outgrown the hustle of Brickell’s high-rise district,” explained Sales Director Pietro Belmonte. “They still want proximity to the city’s restaurants and nightlife, but they crave a calmer, more livable environment with a neighborhood feel.”

The Colette Sales Gallery will open on November 12, 2025, at 3390 Mary Street, Suite #124, Coconut Grove, FL 33133. Visitors can experience an immersive virtual tour, scale model, and full-size model kitchen and bath to preview the building’s design vision and lifestyle offering. Completion is slated for summer 2028. Ownership inquiries are now being accepted. For more information, fill out the form below.

For more information about Colette Residences or to inquire about purchasing a unit please fill out the form below:

Mast Capital & AEW Sell 342-unit Apartment Building in Miami River District

Mast Capital and AEW Capital Management have completed the sale of Remi on the River, a 342-unit luxury apartment community along the Miami River, to Valeris Capital. CBRE’s Robert Given, Troy Ballard, and Michael Mulkern advised on the sale. The transaction highlights continued investor demand for well-located multifamily assets in Miami’s growing urban core.

Delivered in 2024, Remi on the River is located at 999 NW 7th Street, minutes from Brickell, Downtown Miami, and the Miami Health District. The waterfront property spans more than 400 feet of river frontage and offers a mix of studios, one-, two- and three-bedroom units ranging from 465 to 1,334 square feet.

Residences feature European-style kitchens with stainless-steel appliances, select units with built-in wine refrigerators, and expansive views of the river and city skyline. Amenities include a resort-style pool, aqua lounge, fitness center, coworking lounge, clubroom, and access-controlled parking. The project was designed by Corwil Architects.

“The sale of Remi on the River underscores the property’s exceptional lease-up performance, the quality of its design and amenities, and the growing appeal of the Miami River District as a premier destination for waterfront living,” said Camilo Miguel Jr., CEO and Founder of Mast Capital.

The Miami River has emerged as one of the city’s most dynamic residential and mixed-use submarkets. Stretching 5.5 miles through the city, the river corridor is home to commercial cargo operations, boating activity, and a growing number of lifestyle and residential developments.

Remi on the River’s location places residents within reach of Miami’s cultural institutions, including the History Miami Museum, Miami Children’s Museum, and Museum of Graffiti, as well as nearby retail and dining in Brickell, Wynwood, Midtown, and Miami Beach.

For Mast Capital, the deal reflects the firm’s broader strategy of investing in transformative projects across Miami. “This project reflects our commitment to investing in the continued revitalization of this vibrant neighborhood,” Miguel added.

Coconut Grove's Latest Tropical Modern Townhomes 'Casa Azzura' Blends Tranquility With Modern Living For $1.75 Million Per Residence

The neighborhood of West Coconut Grove has seen a rush of new development transform the sleepy neighborhood into a tropical modern, vibrant townhome oasis. The recently completed Casa Azzura Coconut Grove at 3162-3164 Plaza Street is move-in ready and one of the only new construction townhomes ready to welcome its first residents, listed for $1.75 million per townhome. The residences are walking distance to Downtown Coconut Grove as well as close to both Douglas Station and Merrick Park.

3162-3164 Plaza Street at Casa Azzura Coconut Grove is a tropical modern new construction luxury townhome designed by renowned Venezuelan-architect Mario Bocaranda in Coconut Grove. Each 3 bedroom residence spans 2,574 SF complete with 3 en-suite bedrooms with walk-in closets and two half-baths. The oversized master suite features a luxurious master-bathroom and private balcony. Outside features a landscaped outdoor oasis featuring a plunge pool, cabana bath and barbecue.

One of Miami’s most historic and beautiful neighborhoods, the lush bayside community of Coconut Grove is known for its tropical vibe full of banyan trees, palms and live oaks mingle along quiet residential streets, and peacocks roam wild. Hugging the shoreline of Biscayne Bay, Coconut Grove is an upscale, leafy neighborhood with relaxed sidewalk cafes and chic shops in and around the newly redeveloped CocoWalk mall.

3162 Plaza Street and 3164 Plaza Street are move-in ready and is listed for $1.75 million per townhome with Elli Scharlin of The Riley Smith Group at Compass. The MLS numbers are A11841516 (3164 Plaza) and 11841431 (3162 Plaza). For more information or to schedule a showing please contact Elli at elli.scharlin@compass.com or (305)-926-3534.

For more information about Casa Azzura Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

Check Out This 2-Bedroom Miami Beach Hidden Gem Near Sunset Harbour With Bay Views Asking $1.499 Million

Discover coastal luxury in this pristine 2-bedroom hidden gem with bay views in Capri Miami Beach near Sunset Harbour. The residence offers 2-bedrooms and 2.5-baths spread over 1,396 square feet of thoughtfully designed space. Bathed in natural light through northeast exposures, this turnkey home offers modern conveniences including Lutron shades and updated fixtures. Enjoy premium building amenities at Capri including valet service, concierge, fitness center, pool, and available boat docks. Perfectly positioned in vibrant Miami Beach, you're just seconds from Sunset Harbour's acclaimed restaurants, Trendy workout studios and shopping boutiques. Experience the perfect blend of city living with boutique charm--your sophisticated urban sanctuary awaits.

Capri 805, 1445 16th Street, Miami Beach, FL 33139 is listed with Devin Kay and Jacqueline Marks of the Exclusive Group at Douglas Elliman.

Images via Douglas Elliman

Reserve Cup Returns to Miami and Announces Expansion to Other Cities

The highly anticipated Reserve Cup, a flagship event by Reserve Padel, is set to return to Miami from January 23–25, 2025. Building on its successful inaugural tournament in 2024, the event will kick off the newly expanded Reserve Cup Series, featuring three weeks of elite padel competition in three major cities. This evolution positions the Reserve Cup Series as a premier showcase of the world’s top padel players, competing for the highest prize money in the sport’s history exceeding $1.7 million.

Led by Reserve Padel Founder and CEO Wayne Boich, alongside Honorary Chairman and Co-Captain Jimmy Butler, the Reserve Cup has gained recognition for its intense matches, star-studded lineups, and exclusive entertainment experiences. The 2025 expansion aims to bring this unique blend of sports and luxury to a broader audience, starting at Reserve Miami Seaplane.

“Part of our goal at Reserve has always been to showcase padel at the highest level,” said Wayne Boich. “Following the success of the inaugural event in 2024—and the overwhelming excitement from the players—we knew we had to take it further.”

The Reserve Cup Miami promises three days of exhilarating matches featuring two elite teams of top-ranked players led by star captains. This year’s captains include 5x World Series Champion and Major League Baseball Hall of Famer Derek Jeter and famed comedian and padel enthusiast Andrew Schulz. Beyond the action on the court, the event will offer exclusive parties, live entertainment, and premium food and beverage experiences. Guests can enjoy the ‘Reserve Club,’ a private space with unparalleled court views and a VIP culinary experience curated by Major Food Group. Additional dining options include offerings from Pura Vida Miami, Jimmy Butler’s Big Face Coffee, and Spicy Hospitality’s The Joyce.

The 2025 Reserve Cup Series will feature 16 of the world’s top-ranked padel players, including Arturo Coello, Agustin Tapia, Alejandro Galan, and Federico Chingotto. Players will compete in three distinct tournaments throughout the year, with performance-based rankings adding a competitive edge. Tickets for the Reserve Cup Miami are available now, with options for daily and three-day passes. To purchase, visit Universe. Following the Miami tournament, Reserve will reveal the next host city in this groundbreaking series.

The Reserve Cup Series represents a significant leap forward for padel, combining world-class competition with unparalleled luxury and entertainment. Don’t miss your chance to witness this transformative event in Miami this January.

Coworking Giant Regus Leases Entire Building in South of Fifth

Regus, a global leader in flexible office spaces, has secured a long-term lease for the entirety of 429 Lenox, a 45,789-square-foot Class A boutique office building in Miami Beach’s South of Fifth neighborhood. This marks Regus’ largest footprint in the area, reflecting the growing demand for coworking spaces in South Florida.

The lease was brokered by Colliers South Florida, with Vice Chair Stephen Rutchik and Vice President Ana Paula representing the landlord, Azora Exan. JLL’s Adam Bernstein represented Regus in the transaction.

“429 Lenox's prime location in the highly sought-after South of Fifth neighborhood made it an exceptional choice for Regus’ expansion,” said Paula. “As the market shifts towards prioritizing lifestyle, prime location, and modern workspaces, the property offers an unmatched blend of unique rooftop access, plug-and-play office solutions, and contemporary amenities. Its proximity to the MacArthur Causeway ensures seamless access in and out of Miami Beach, positioning it as an unparalleled option for today’s forward-thinking businesses.”

Designed by renowned architect Kobi Karp, 429 Lenox features contemporary office spaces tailored for businesses seeking a prestigious address in a dynamic, amenity-rich environment. Key features include a rooftop deck, on-site parking, and prime signage opportunities. Its South of Fifth location provides easy access to luxury residences, upscale dining, and Miami’s iconic beaches.

Arturo Vinueza, Vice President of Investments at Azora Exan, highlighted the significance of the lease: “We are excited to welcome Regus at 429 Lenox, marking a new chapter for our office building in the vibrant South of Fifth neighborhood. This lease highlights the strength of premium office space in Miami, particularly in walkable, amenity-rich areas, aligning with our national office investment thesis. We look forward to welcoming a diverse community of entrepreneurs and professionals who will thrive in this environment.”

Regus plans to operate the location under its SPACES brand, emphasizing flexibility and innovation in workspace solutions. The new office is set to open in the fourth quarter of 2024 and will join Regus’ other Miami Beach locations, solidifying its presence in the market.

The full-building lease underscores the increasing appeal of coworking spaces in Miami Beach, where office vacancy rates remain low, recorded at just 8.7% in Q3 2024. As companies continue to embrace hybrid work models, demand for adaptable, lifestyle-driven workspaces is surging. Coworking spaces like those offered by Regus cater to businesses seeking environments that enhance productivity and work-life balance.

The broader trend aligns with a post-pandemic shift in workplace priorities, with businesses opting for premium, flexible spaces in prime locations. The 429 Lenox lease reflects this evolution, cementing Miami Beach’s status as a competitive and vibrant office market.

Eighteen Sunset Achieves Full Occupancy in Miami Beach’s Thriving Office Market

Eighteen Sunset, a highly anticipated mixed-use boutique development in Miami Beach’s Sunset Harbour neighborhood, has achieved full occupancy for its premium office spaces. The 17,708 square feet of Class A+ office space has been fully leased, highlighting the surging demand for luxury work environments in Miami Beach.

Colliers, led by Vice Chair Stephen Rutchik, managed the leasing process on behalf of the landlords, Deco Capital Group and RWN Real Estate Partners. CBRE’s Executive Vice Presidents Jeff Gordon and Barbara Black represented the tenants in the transactions.

The property has attracted a carefully curated mix of tenants, including a globally recognized private equity firm and luxury lifestyle brand Audemars Piguet. Both organizations were drawn to Eighteen Sunset’s unique blend of high-end design, waterfront views, and proximity to Miami Beach’s dynamic cultural and business hubs.

Developed by Deco Capital Group and constructed by Origin Construction, Eighteen Sunset is located at 1759 Purdy Avenue, offering tenants direct access to Maurice Gibb Park, the Sunset Harbour Marina, and upscale dining and retail options. Its strategic location combines proximity to Miami Beach’s active community with unobstructed views of the Intracoastal Waterway and Venetian Islands.

Stephen Rutchik of Colliers emphasized the property’s role in meeting modern workspace needs: “Eighteen Sunset represents the future of workspaces in Miami Beach. Its boutique design, unmatched amenities, and premier location reflect the evolving preferences of businesses seeking more than just office space.”

Slated for completion later this year, Eighteen Sunset is poised to set a new benchmark for elite office environments in Miami Beach’s competitive real estate market.

Merrimac Ventures Unveils Plans for Bungalow East Residences in Fort Lauderdale Beach

Merrimac Ventures, a renowned South Florida real estate investment and development firm, has announced the launch of sales for Bungalow East, an exclusive luxury condominium set to rise in Fort Lauderdale Beach. The 14-story boutique development will house just 34 residences, each designed with refined elegance and offering extensive amenities in one of the area’s most walkable and desirable beachside communities.

Situated at 530 North Birch Road, Bungalow East is positioned steps from both the Atlantic Ocean and the Intracoastal Waterway. The project, anticipated to break ground in late 2025 with an 18-month construction timeline, embodies Merrimac Ventures’ legacy of transforming Fort Lauderdale Beach from a seasonal “Spring Break haven” into a premier resort destination. This vision was first ignited by the Motwani family over 35 years ago through the strategic acquisition and redevelopment of oceanfront motels, paving the way for acclaimed developments like the Four Seasons Hotel and Residences, the Conrad Hotel, and Paramount Fort Lauderdale.

“Fort Lauderdale Beach’s transformation has been extraordinary,” said Dev Motwani, Co-Managing Partner of Merrimac Ventures. “Our family has been invested in this community for decades, and Bungalow East is a special project that completes our vision for this area.”

Bungalow East will feature spacious three- and four-bedroom residences ranging from 2,100 to 2,800 square feet, with options for flexible floor plans. Two exclusive penthouses, each spanning approximately 4,000 square feet and boasting private rooftop decks, are also part of the offering. Homes are priced between $2 million and $4 million and will feature floor-to-ceiling windows, expansive terraces with summer kitchens, and high-end finishes that evoke a sense of sophisticated luxury.

The building's design, a collaboration between Swedroe Architecture and Adriana Hoyos Design Studio, embraces natural elements with neutral palettes, wood accents, and sleek modern finishes. Each residence will come equipped with private elevators and chef-inspired kitchens complete with gas-range stoves, emphasizing the development’s focus on upscale, functional living.

Amenities at Bungalow East are designed for a lifestyle of relaxed luxury. Highlights include a resort-style pool deck, a wellness center with massage rooms and a beauty salon, a rooftop sunset lounge, and a yoga lawn. Additional offerings include a gaming and entertainment lounge, a conference center, and pet-friendly features such as a dog run and spa. A ground-floor retail space is slated to house a future café or wine bar, adding to the neighborhood's vibrant atmosphere.

Residents will also gain membership privileges at the Fort Lauderdale Yacht Club and exclusive access to the Conrad Hotel Fort Lauderdale, which includes beach service and full use of the hotel's amenities.

“OneWorld Properties is thrilled to lead the sales and marketing of Bungalow East,” said Peggy Olin, CEO of OneWorld Properties. “This development will redefine luxury living in Fort Lauderdale Beach, offering residents both exclusivity and convenience in an unparalleled location.”

Fort Lauderdale Beach continues to attract a wave of new residents and investors, driven by Florida’s favorable tax policies and high quality of life. Bungalow East is poised to cater to this growing demand, appealing to locals and out-of-state buyers seeking proximity to the beach and access to South Florida’s vibrant culture.

The community’s prime location offers residents easy access to North Beach Village’s top dining and entertainment spots, including The Secret Garden Dining Club, Truluck’s, and Casablanca Café, as well as cultural attractions like the Bonnet House Museum & Gardens and the trails of Birch State Park.