Miami Design District Reveals Its Next Iconic Office Building 'The Ursa' Designed By Arquitectonica

The Miami Design District has revealed the next iconic building to come to life in the dynamic neighborhood, The Ursa. Located at 30 NE 39th Street, The Ursa will be the first new Class A office building in the neighborhood. The fifteen-story building was designed by Arquitectonica, who was charged with creating world-class architecture that fits within the award-winning creative neighborhood, and generous, modern spaces for companies inventing the future.

With museum-quality exterior public art and interior art and furniture by Daniel Arsham, The Ursa makes an artform out of office space and is in keeping with the ethos and energy of the Miami Design District. At the same time, the state-of-the-art facility offers businesses all the amenities and conveniences expected in the modern workplace -- all within a neighborhood that features the best in shopping, dining, and culture in Miami. Leasing is now underway.

“We are thrilled to be bringing The Ursa to the Miami Design District. Integrating state-of-the-art workspaces into the neighborhood has always been a part of our plan. People want to work in centers of creativity, culture, and commerce; and the District really provides the type of environment where innovation can take flight,” said Craig Robins, Chief Executive Officer and President of Dacra. “Beyond providing office space in the neighborhood, The Ursa as a structure itself adds to the beauty of the Miami Design District. Arquitectonica has created an iconic, elegant, and functional building that highlights both art and natural beauty. We couldn’t be happier with the design and know that businesses will find a special place to call home within The Ursa.”

“The Ursa is an exceptional addition to the Miami Design District. In keeping with our development approach, our emphasis was creating something that truly enhanced the built environment and added to the overall experience of being in this unique community. Bringing a dynamic office building offering to the Miami Design District is an important next step in the neighborhood’s evolution and we are so excited to watch it unfold. We know the District has so much to offer and businesses want to be a part of what we have built here. We cannot wait to welcome them,” said Mathieu Le Bozec, Managing Partner, L Catterton Real Estate.

The Ursa is being developed by Miami Design District Associates, a joint venture between Dacra, L Catterton Real Estate, and Brookfield Properties. The fifteen-story building houses ten floors of approximately 180,000 square feet of office space, with efficient floor plates that embody a center core design. There are also two retail spaces available on the ground floor. The building has abundant outdoor space. Each floor has its own private balcony, and floor-to-ceiling glass windows which provide unobstructed 360-degree views and seamlessly connect the building to the neighborhood. The building also has a rooftop garden deck (indoor/outdoor) accessible to all tenants. Verdant landscaping on each level is by Island Planning Corporation (IPC).

“The building will mark the western gateway to the Miami Design District in a design that combines Miami’s outdoor living with a boutique office building. The District not only has one of the most impressive collections of art and architecture, but also is lined with a stunning native landscape palette throughout. The tree-lined streets of the neighborhood served as the inspiration for bringing the landscape into the building as a series of stepped planters that wrap around the building alongside terraces for the floor-to-ceiling glass office spaces. We are excited to work with Dacra and the team to bring the project to the Design District,” said Raymond Fort, Senior Associate, Arquitectonica.

In keeping with the neighborhood’s commitment to art, culture, and design, The Ursa provides a unique office experience with museum-quality art. Daniel Arsham, famed contemporary artist and founder of architecture and design company Snarkitecture, has created new monumental site-specific artworks to be incorporated into the façade of The Ursa. The works are inspired by sculptural reliefs from Greek and Roman Antiquity, such as sarcophagi, and the walls of the Parthenon enlarged to a monumental scale of up to 36 feet in height. The interior lobby of The Ursa will also feature artworks and furniture specifically designed for the location. Arsham has a long history with the Miami Design District as he attended the Design and Architecture Senior High School (DASH) and was provided his first studio space in the District by Dacra. He has also collaborated with brands that have flagship stores in the District like Tiffany’s and Dior.

“Having an almost life-long personal presence and relationship within the Design District it’s an honor to be invited to collaborate with Dacra on The Ursa. The integration of the surrounding tropical landscape with world-class architecture, contemporary art, and design sums up, to me, what is special about Miami and this neighborhood specifically. I expect this building to become a landmark to the city and an important example of how art and architecture can coexist in exciting new ways,” said Daniel Arsham.

State-of-the-art technology will be integrated throughout the building, with 24-7 onsite security and property management services. The Ursa also benefits from its ideal location and from being a part of the larger Miami Design District ecosystem. In the Miami Design District, tenants have access to over 20 restaurants, 170 retail stores, leading cultural institutions and community programming all with direct accessibility to I-95, and easy connectivity to Miami Beach and surrounding markets.

The Ursa is expected to be completed by fall 2024 with the first tenants moving in by winter 2024.

Sabal Development Sells Hibiscus Island Spec Home For $15 Million To Cosmetics CEO

A brand new tropical modern waterfront spec home by Sabal Development at 165 North Hibiscus Drive on Miami Beach’s Hibiscus Island has sold for $15 million to the CEO of Farmasi North America. Per public record, Marko Gojanovic of ONE Sotheby’s International Realty and Alejandro Diaz Bazan of Jills Zeder Group represented the buyer, Sinan Tuna, while Dora Puig with Luxe Living Realty represented the seller, developer Pascal Nicolai.

165 North Hibiscus Drive was designed by Togu Design and spans 5,217 square feet of interior on 10,500 square foot lot with 60’ of waterfront. The 5-bedroom , 5.5 bathroom home features a reflecting pond, a private 2 car garage, cotto’d’este tiling, full suite appliances by Miele, wine cellar, illumination by Delta Light, and freestanding soaking bathtub. Outdoors features two waterfront pools, a rooftop deck, terrace, and dock which can accommodate a yacht as large as 50’.

Master Brokers Forum Listing: Check Out This Oceanfront Condo On South Beach's Famed Ocean Drive

Master Brokers Forum member Ines Flax presents this direct ocean beauty; a corner residence at the boutique, award-winning 1500 Ocean Drive. This Michael Graves-designed building offers luxurious amenities including beach services, a newly renovated spa/gym, and Mother of Pearl pool. The residence features new contemporary renovation throughout, highlighted by superb upgrades with exquisite décor, and uninterrupted ocean views from every room. Over 2,300 square feet of space includes three en suite bedrooms plus a den, three and one-half baths, and two parking spaces. Friendly services and atmosphere make this a winner. Located on the ocean and in the heart of the Art Deco historical area.

1500 Ocean Drive Unit 1201, Miami Beach currently listed for $3,900,000 with Ines Flax of ONE Sotheby’s International Realty, who can be reached at (786) 218-7600 and/or InesFlax@aol.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

Regalia Penthouse In Sunny Isles Beach Closes For $20 Million Via Auction

The penthouse at Regalia lated at 19575 Collins Ave PH43 in Sunny Isles Beach has sold via auction for $20.552 Million. The lavish residence was sold by Jeff Miller with ONE Sotheby’s International Realty and Concierge Auctions, whose marketing efforts resulted in 1,000+ prospects, 42 showings and 11 bidders in just 5 weeks. Mark Pordes and Adam Kaufman with Pordes Residential represented the buyer. As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing of The Regalia Penthouse will result in a new home built for a family in need.

The property includes 6 bedrooms, 7.5 bathrooms and occupies the top 3 floors of the oceanfront tower. The turn-key unit is designed 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 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 covered from floor to ceiling in stunning marble, and features a couples jacuzzi, massage room, private sauna and steam room with a towel-warming wall.

Other features include a $100,000 bar made from a single slab of amethyst stone and a 500-bottle+ temperature-controlled wine cellar, a circular glass elevator, movie theater, game room, multiple midnight kitchens, and a Poliform Italia custom kitchen with $10k fridge, Wolf & Sub-Zero appliances and more.

Outdoors offers summer kitchen, a retractable roof, full pool cabana bathroom, sky bar with lounge seating and a private pool with cascading waterfall.

The boutique Regalia building houses only 40 residences and amenities including a concierge, full-service spa, beach & pool, a private wine vault, business center, children's room, library, yoga studio & fitness center.

Images via Charles Josset from Photostetic

Sunset Islands Waterfront Home Trades For $11.5 Million In Off Market Deal

A waterfront home on Miami Beach’s Sunset Island III, located at 1775 West 24th St., has sold in an off market deal for $11.5 million, roughly $3,546 PSF. The buyer was represent by Mallory McGuire and Mirce Curkoski of The Waterfront Team at ONE Sotheby’s International Realty and the seller was represented by Jacqueline Groll and Albert Justo also of The Waterfront Team at ONE Sotheby’s International Realty. The existing 3,243 SF home sits on a 13,125 SF lot and will be demolished to make way for a new home.

The Sunset Islands, a set of four luxurious residential islands located just off of South Beach next to Sunset Harbour, have been a hotspot for luxury development and transactions. Recently Andian Development acquired 1415 North View Drive for $13.9 million with plans to renovate the home. In December Shlomy Alexander, Felix Cohen and Julian Cohen sold a spec home they developed at 1825 West 24th Street for a Sunset Island record $25 million, $3,811 PSF. Developer James Curnin sold a spec home at 1757 West 27th Street for $24.8 million to foamier Goldman Sachs exec Don Mullen and Kawa Capital Management co-founder Alexandre Saverin and his wife sold their home at 1617 West 22nd Street on Sunset Island IV for $13 million.

Core Wynwood Development Site Sells For $11.5 Million

UOVO Storage Deluxe has acquired a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. The buyer was represented by Jordan Karp and the seller was represented by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors. 330 NW 29th Street is currently two fully occupied buildings leased as creative office space spanning 10,939 SF. The 21,000 SF lot is zoned T6-8-0 and is primed for a hotel or office project.

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic and others. Recent notable transactions include Forte Capital and Sheridan Capital’s acquisition of 2830 NW Fifth Ave. from Alex Karakhanian’s LNDMRK Development for $6.35 million, which they plan to reposition into creative offices. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Douglas Elliman Realty Expands to Vero Beach With Acquisition of Daley & Company

Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, has expanded its Florida footprint to Vero Beach. With this announcement, the company welcomes acclaimed local brokerage Daley & Company, led by industry expert Sally Daley, which was acquired by the nationally recognized luxury firm earlier this month.

Bolstering its position in the market, Douglas Elliman Realty also announced that a top producing team from another national brokerage, Joseph & Joseph, led by Joseph Schlitt and Joseph O’Neill, also joined the company.

“We are excited to welcome The Daley Group and The Joseph & Joseph Team to Douglas Elliman,” said Scott Durkin, Chief Executive Officer of Douglas Elliman Realty. “We look forward to enhancing the Douglas Elliman business to now include a market as important as Vero Beach.”

Daley & Company has successfully sold over $232 million since 2020. Known for her marketing savvy, boundless energy, and an ability to merge creativity with analytics, Sally consistently ranks among Indian River County’s top producers. Sally has also achieved one of the highest list-to-sell-ratios in the county. Under her leadership, Daley & Company had more transactions per agent than any other firm in the county for the past six years. Prior to her career in real estate, Sally owned a public relations and marketing firm just north of New York City. Her firm provided services for high profile clients like Citibank, Hyatt Hotels, Champion Paper, Nine West Shoes, and The National Multiple Sclerosis Society, among others. Daley comes to Douglas Elliman Realty with four additional sales associates that will be based out of the firm’s Vero Beach office.

Joseph & Joseph’s Joseph Schlitt, Joseph O’Neill and Chris Mickley come to Douglas Elliman with over 38 years of experience in selling some of the most prestigious neighborhoods in Vero Beach and Indian River County. In addition to real estate experience, Joseph O’Neill was raised in the world of construction and real estate development, while Joseph Schlitt came from a real estate family background with over 70 years of Vero Beach residential sales experience. Their backgrounds provided a dynamic foundation for their current business strategy which elevates the luxury real estate experience. Since forming The Joseph & Joseph Team four years ago, the team has sold over $350 million in total sales volume.

“We are proud to welcome Sally Daley’s team of real estate professionals and the awarded Joseph & Joseph Team to Douglas Elliman Realty,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Both brokerages and team members share the same high level commitment to offer exceptional real estate experiences for clients. This move into the new East Coast market greatly strengthens our presence across Florida and enables us to offer national and international connectivity for the rapidly growing Vero Beach real estate market. There is no question that our expansion into Vero Beach is aligned with our mission of being in all the markets that our clients want to be in.”

Both The Daley Group and the Joseph & Joseph team will now operate out of the brokerage’s newest office located in Central Beach on Ocean Drive. With this expansion Douglas Elliman Realty now has 22 offices with approximately 1,200 sales associates across Florida.

"After nearly 20 years of building this company and becoming one of the most recognized brokerages in the area, this alliance with Douglas Elliman is going to make an even bigger impact on the Vero Beach landscape,” said Sally Daley. “Douglas Elliman’s core values resonated with those of our firm and with whom I believe we can provide an unparalleled client experience. We’re thrilled to announce this exciting next chapter, which will empower us to offer our clients even greater exposure through Douglas Elliman’s national reach and strategic global alliance with Knight Frank.”

Sally is a founding member of REALM, an elite global membership organization of accomplished luxury real estate professionals, while Joseph Schlitt previously served as the president of the Indian River County Board of Realtors, is a past member of the Florida Board of Realtors and most recently District Vice President for Florida Realtors.

Vero Beach, located along Florida's Atlantic Coast, is a haven for golf, water sports and fishing. Peaceful beaches, museums, nature tours and a vast portfolio of beautiful real estate make Vero Beach a vital part of the region known as the Treasure Coast.

Leading Crypto Firm Blockchain.com Signs Lease At Tricera Capital and LNDMRK Development's Cube Wynwd

Leading crypto firm Blockchain.com has finalized a lease to occupy the top two floors of Tricera Capital and LNDMRK Development’s Cube Wynwd as its new Miami office. The ~22,000-square-foot lease brings Cube Wynwd to full occupancy less than 10 months after Tricera and LNDMRK acquired the Class A, 100,000-square-foot office and retail building. The deal also gave Blockchain.com naming rights for the building. Blockchain.com, one of the most widely used consumer crypto products and the leading institutional solutions provider, will soon begin designing its permanent office on the seventh and eighth floors.

Danet Linares, Tere Blanca and David Valdez of Blanca Commercial Real Estate, Inc. represented Blockchain.com in the Cube Wynwd lease. JLL’s Eric Groffman, Cameron Tallon and Edward Quinon represented Tricera and LNDMRK.

“We are thrilled to welcome Blockchain.com to Cube Wynwd and the Wynwood neighborhood,” said Tricera Co-Founder and Managing Principal Ben Mandell. “Blockchain.com’s leadership shares our long-term belief in Wynwood, which still has vast potential on top of the incredible growth and activity that has already occurred.”

In 2021, Blockchain.com announced its intentions to relocate its national headquarters from New York to Miami and aggressively hire throughout the local Miami job market. It also committed to make a significant investment to support the South Florida STEM community.

“As Miami solidifies its status as a mecca for crypto, we couldn’t be more excited to announce the location for planting our permanent roots in the city,” said Peter Smith, Blockchain.com CEO. “The speed at which our business is growing matches that of Wynwood and Miami itself, creating the perfect backdrop for us to continue scaling worldwide from our very own Blockchain.com building.”

Tricera and LNDMRK purchased Cube Wynwd, which also includes ground-floor retail space and a verdant rooftop terrace occupied by popular Japanese restaurant Kissaki, in an April 2021 off-market transaction. The 222 NW 24th St. Cube Wynwd, the neighborhood’s first boutique office-over-retail building, was just ~35% occupied at the time of Tricera and LNDMRK’s acquisition.

The joint venture partners rapidly stabilized the building with a compelling mix of tenants, including Ecuadorean fintech firm Kushki, Shaolin Capital Management, Brazilian footwear manufacturer Grendene, office supply and furniture online retailer Poppin, tech firm Transmit, and more.

Coworking operator Spaces occupies about 30% of the office space and about 1,700 square feet of the retail space in Cube Wynwd’s lobby. Renowned chef Gabriele Bonci’s Rome-based Bonci Pizza and Mini Market are among the existing retail tenants. The building features loft-style office space with expansive floorplates.

“Cube Wynwd is a case study for how we identify off-market opportunities and move quickly to execute our hands-on ownership approach,” Tricera Co-Founder and Managing Principal Scott Sherman. “We are proud of the building’s dynamic tenant roster, with Blockchain.com joining numerous new-to-market companies. Wynwood will continue to experience intense corporate relocation demand from the technology and finance sectors.”

Tricera and LNDMRK are frequent collaborators on real estate investments and developments. The companies are partnering with The Related Group to develop The Dorsey, a 12-story apartment building with a parking garage and nearly 95,000 square feet of office and retail space on a former Coca-Cola plant in Wynwood.

Image via Richard Novak

LUXCOM Reveals 235-Unit Multifamily Development In Sunrise

Florida-based builder LUXCOM, led by CEO and Chairman Oscar Barbara, has revealed plans for a 235-unit multifamily rental community in Sunrise. Ideally located on the south and east sides of Sunrise's main crossroads of Oakland Park Boulevard and University Drive, the project will transform multiple abandoned and underutilized commercial parcels into a brand-new Class A multifamily garden-style development.

The project secured a $41 million construction loan last week and simultaneously broke ground the following day. Funding was provided by Centennial Bank. Centennial Bank has a longstanding relationship with LUXCOM and provided funding for its long list of multifamily, single-family, mixed-use, and townhome projects.

Situated on 10 acres, the market-rate rental project will encompass six three- and four-story buildings offering one, two and three-bedroom apartments ranging from 725 square feet to 1,371 square feet overlooking the fairways of the Seven Bridges golf course.

“With this development, we aim to reinvent the rental apartment experience by creating units with amenities found in luxury houses such as generous floorplans, dens, high ceilings, plenty of natural light, oversized windows, European-style kitchens with quartz countertops, stainless steel appliances, walk-in closets, and more," said Barbara. “We’re grateful that Centennial Bank recognized the need in the marketplace for this type of project that will add an elevated living experience to the area.”

The project’s design was inspired by the design of Rosemary Beach in Florida’s panhandle and will boast West Indies British Colonial design within its garden-like setting. Tenants will enjoy access to nearby conveniences such as a new Aldi Supermarket, Walgreens Pharmacy, SunTrust Bank, restaurants, and multiple entertainment venues.

LUXCOM designed the project with today's younger families and professionals in mind offering a clubhouse, resort-style pool and cabanas, theater room, state-of-the-art gym with yoga studio, private rooms for events and entertaining, children’s playroom, community dog parks, WiFi hotspots, car charging stations, garages, a citrus garden, and more.

Design 41 In Miami Design District Now Fully Leased After Swiss Watch Company Breitling Opens New Boutique

Design 41 in Miami Design District is now fully leased after Breitling signed a lease and opened a 1,832-square-foot boutique on the district’s prime Northeast 41st Street corridor. The 112 NE 41st St. store will showcase the latest watches modeled by Breitling’s “Spotlight Squad,” which includes Charlize Theron and Misty Copeland. Other tenants that have opened in Design 41 include bespoke perfumery Bond No. 9 New York, Rosenfeld Gallery – which only has one other location in New York City, and the first U.S. flagship store for Argentine leather goods brand Gaucho.

The lease was overseen by DWNTWN Realty Advisors Co-Founder and Managing Partner Tony Arellano and Executive Joe Fernandez, who represented the landlord to lease the entire 40,000-square-foot building. Design 41 was developed by Design District Development Partners.

“It is fitting that Breitling moves into the final available space on this important block and joins some of the world’s most luxurious retailers, such as Louis Vuitton, Ermenegildo Zegna, Tiffany & Co. and Burberry, in the Design District,” Arellano said. “We are proud of our role in leasing up Design 41 and helping the entire neighborhood reach its full potential.”

“We drew upon our unique knowledge of the neighborhood and strong relationships to accomplish a successful lease-up of Design 41,” Fernandez said. “Breitling’s new store there will undoubtedly rival its top-performing boutiques in major U.S. markets.”

Arellano and DWNTWN Co-Founder Marinoff have also played a pivotal role in Miami Design District’s evolution. Over the last seven years, the brokers have completed 22 transactions totaling more than $205 million in the neighborhood’s four-block pedestrian core. These sales represent most of the district transactions not involving Dacra’s assemblage, filling the gaps around the district’s core and making DWNTWN the neighborhood’s market leaders.