The Developers of One Thousand Museum by Zaha Hadid Architects Pay Off $90 Million Inventory Loan Following Miami Art Week Sales

The developers of One Thousand Museum by Zaha Hadid Architects have paid off a $90 million inventory loan following a successful Miami Art Week 2021 which saw two units sell for a combined $30 million. A local buyer from Miami purchased a full-floor unit and a foreign buyer purchased a sky townhouse unit. One Thousand Museum is now 90% sold after 76 of the developer units have now been sold. Three furnished developer units remain.

The condo inventory financing was secured March 2021 from Cirrus Real Estate Partners after a Reuben Brothers-led venture, who had bought out the remainder of Fortress Investment Group’s stake in the debt behind the development, had filed a foreclosure lawsuit against the developers. Fortress Investment Group had initially provided a $225 million construction loan in 2016, half of which was later acquired by the Reuben Brothers-led venture, before a portion was paid back by the developers and the property was refinanced by Cirrus Real Estate Partners.

“Satisfying our $90 million loan in eight months comes during a buying frenzy and Miami’s high season, which we expect to take One Thousand Museum to sellout quickly,” said Louis Birdman, co-developer of One Thousand Museum. “Alongside Cirrus Real Estate Partners and our long-time collaborators at ONE Sotheby’s, we’re proud to conclude another chapter in this iconic building.”

“As a testament of the recent success leading to the loan payoff, during Art Week alone, our sales team inked two large sales totaling more than $30 million,” said Kevin Venger, co-developer of One Thousand Museum.

“One Thousand Museum is a unique and iconic property that will be enjoyed by its residents and a significant part of the downtown Miami skyline for years to come, said Joseph McDonnell, Managing Partner for Cirrus Real Estate Partners. “We are extremely pleased that the capital solution we provided to the sponsor group of One Thousand Museum facilitated the property performing to its full potential and, consequently, such quick repayment of our investment. Working with the developer group has been a pleasure and we look forward to collaborating with them again in the near future.”

One Thousand Museum was developed by Louis Birdman, Kevin Venger, Gilberto Bomeny, Gregg Covin and Todd Michael Glaser. The tower officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The tower was the designed by the late Zaha Hadid and was her first residential skyscraper in the Western Hemisphere. The unique tower features an exoskeleton which was made from glass fiber reinforced concrete imported from Dubai.

One Thousand Museum rises 62-stories and offers 84-units. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor.

Photography by Robin Hill Photography

Reuben Brothers-Led Venture Buys Out Fortress Investment Group's Debt Backing One Thousand Museum By Zaha Hadid Architects

A Reuben Brothers-led venture, which includes Fontainebleau Development, has bought out the remainder of Fortress Investment Group’s stake in the debt behind one Thousand Museum by Zaha Hadid Architects. Fortress Investment Group had initially provided a $225 million construction loan in 2016, half of which was later acquired by the Reuben Brothers-led venture before a portion was paid back by the developers.

The Reuben Brothers is a British private equity firm led by David and Simon Reuben. The firm has partnered with Jeffrey Soffer’s Fontainebleau Development on several projects in South Florida recently including at the JW Marriott Miami Turnberry Resort & Spa in Aventura.

One Thousand Museum was developed by Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger. The tower officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The tower was the designed by the late Zaha Hadid and was her first residential skyscraper in the Western Hemisphere. The unique tower features an exoskeleton which was made from glass fiber reinforced concrete imported from Dubai.

One Thousand Museum rises 62-stories and offers 84-units. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor.

For more information about One Thousand Museum by Zaha Hadid Architects, private showings or purchasing information please fill out the form below:

A Penthouse Unit At One Thousand Museum By Zaha Hadid Architects Sells For $16 Million

Unit 5001 at One Thousand Museum by Zaha Hadid Architects has sold for $16 million, roughly $1,739 per square foot. The full floor residence spans 9,200 square feet with 5 bedrooms and 6.5 bathrooms. The unit features 12’ ceilings, 360 degree views, a media room and 100’ terrace overlooking Biscayne Bay. The sale was from the remaining developer inventory which was led by Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger. The buyer was unnamed. The sale was overseen by Harvey Daniels and Anna Sherrill at ONE Sotheby’s International Realty.

One Thousand Museum officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The tower was the designed by the late Zaha Hadid and was her first residential skyscraper in the Western Hemisphere. The unique tower features an exoskeleton which was made from glass fiber reinforced concrete imported from Dubai. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor.

ONE Sotheby’s International Realty Development Division is the exclusive listing agency for One Thousand Museum.

For more information about One Thousand Museum, private showings or purchasing/ leasing information please fill out the form below:

One Thousand Museum Residences by Zaha Hadid Architects Hits Over $100 Million Of Sales In 2020

One Thousand Museum, Miami's newest ultra-luxury condominium by the late Pritzker Prize-winning Zaha Hadid, has announced over $100 million in sales year-to-date. The building is defying market conditions, outpacing competitors across the city and on track for a record-setting year. The 62-story One Thousand Museum was developed by Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger and designed by Zaha Hadid Architects.

“We are thrilled that One Thousand Museum’s desirability continues to be recognized across the country, especially as now, more than ever, people are reevaluating where and how they live,” said Louis Birdman, co-developer of One Thousand Museum. “In addition to the flurry of interest from states impacted by the SALT tax, we’re seeing many of our new residents express priority over elements that only South Florida can offer, such as ocean views and access, ease of living, estate-style condos and competitive pricing.”

South Florida’s housing market has proven to be resilient, with ONE Sotheby’s Q2 Market Report forecasting sustained interest and activity into the latter half of the year due to pent-up demand and the migration of homeowners and companies relocating for tax and lifestyle benefits. These factors, coupled with the building’s unique attributes, striking design, privacy and security, single-family-sized floorplans and five-star amenities and services, are driving this unprecedented demand.

This sales milestone is accompanied by the release of the final collection of developer inventory priced from $4.95 to $20 million. Turn-key residences are currently on the market by leading designers and furnishing houses, including MORADA-Haute Furniture Boutique, Roche Bobois, Artefacto and Luxury Living Group. A duplex residence by BB Italia will come to market this fall 2020.

One Thousand Museum officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.   

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor. 

ONE Sotheby’s International Realty Development Division is the exclusive listing agency for One Thousand Museum.

For more information about One Thousand Museum, private showings or purchasing/ leasing information please fill out the form below:

One Thousand Museum Residences By Zaha Hadid Announces Major Milestone As The Ultra-Luxury Tower Receives TCO

The time Miami has been waiting for has arrived. Developers Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger, have announced that One Thousand Museum Residences by Zaha Hadid Architects has obtained its temporary certificate of occupancy (TCO) indicating the building is now ready for occupancy and closings can commence immediately.

“We could not be more proud of bringing Zaha Hadid’s vision to life and her legacy to Miami,” says Birdman, co-developer. “This tower represents the peak of architecture and design, and will completely surpass every expectation of our homeowners.”

The 62-story tower has already become an iconic Miami landmark, its striking exoskeleton design an identifier for Downtown and the city’s cultural nucleus. Its revolutionary design is recognized as one of the world’s most challenging architectural projects to date, the complex construction was overseen by Plaza Construction.

Residences are available for immediate occupancy, including half-floor plans starting at $5.8 million and full-floor residences to over $24 million. This summer, a curated collection of turnkey residences will come to market by international design houses of Artefacto, B&B Italia, Roche Bobois, Meridiani, Luxury Living Group and Morada Haute Furniture Design, with more turnkey units to be unveiled after the summer.

The residential experience and prestige of the tower is amplified by unrivaled amenities, including a private roof-top helipad, indoor-outdoor 1KM wellness center with gym, yoga facilities, 8 Juice Bar fueled by Raw Republic, relaxation pods and private rooms for spa services; a Sky Lounge for dining and events with seasonal menus by celebrated Chef Mame Sow, Director of Culinary; an on-premise bank vault; nearby Museum Beach a private Beach Club; access to a house car service; multimedia theater and more.

Residents will also become members of an exclusive partnership with Haute Living new Members Only App which will offer One Thousand Museum residents to exclusive access to VIP cultural, fashion, sporting and musical events in Miami and around the world. The final element rounding out the seamless, luxury lifestyle experience is the services. One Thousand Museum is the first residential project to partner with Forbes Travel Guide to set service standards for the building and train all staff in accordance with their Five-Star ratings system. The building also offers a Curator of Hospitality to anticipate homeowners’ needs on- and offsite.

Inside One Thousand Museum By Zaha Hadid Architects's Culinary Concept Preview For The Tower's Ultra-Exclusive Sky Lounge

One Thousand Museum by Zaha Hadid Architects, soon-to-be one of the most high-end residential towers in Miami, hosted a VIP preview of One Thousand Museum Residences’ culinary concept which will be exclusively available to residents in the tower’s Sky Lounge. The event was led by the building’s Director of Culinary, Mame Sow, the celebrated pastry chef who has ranked on New York City’s lists of Best Pastry Chefs prior of her move to Miami, where she now serves as Pastry Chef for Norman Van Aken’s Three restaurant in Wynwood. Mame Sow will also be in charge of the tower’s Sky Lounge culinary experience upon opening to residents later this year.

The Sky Lounge’s culinary program is gaining a reputation as Miami’s most exclusive reservation as it is only available to residents. Mame will create seasonal tapas menus and wine pairings for the Sky Lounge as well as a daily breakfast menu. She will also oversee an executive chef program and a customized wine program catering to the specific tastes of the tower’s residents. A preview of the first menu which will be offered to residents can be previewed below:

Cucumber Gazpacho

Served with La Cana Albarino 2017, Rias Baixas, Spain

Bibb Lettuce Salad

Heirloom Tomatoes, Green Herb Dressing, Garlic Parmesan Croutons

Served with La Cana Albarino 2017, Rias Baixas, Spain

Butternut Squash Soup

Osetra Caviar, Butternut Squash Espuma

Served with Lemelson Thea’s Select Pinot Noir 2015, Willamette Valley, Oregon

Goat Cheese Mushroom Tart With Arugula Salad

Foie Gras Torchon

Blood Orange Gelee

Served with Chateau Guiraud Sauternes 2015, Sauternes, France

Charcuterie and Cheese Board

Spiced Red Pepper Jelly, Pickled Vegetables

Served with Antica Cabernet Sauvignon 2014, Atlas Peak, Napa Valley, California

Congo Bar Brownies

Served with Laurent-Perrier Harmony Demi-Sec NV (Non-Vintage), Champagne, France

Key Lime Pate A Choux With Toasted Meringue

Vanilla Brioche Feuilleté With Lemon Scones

The 62-story One Thousand Museum by Zaha Hadid Architects is the late-starchitect Zaha Hadid's first residential skyscraper in the western hemisphere. The project is being developed by Louis Birdman, Gilberto Bomeny, Gregg Covin, Kevin Venger and the Regalia Group with Plaza Construction as the general contractor. One Thousand Museum's design features an exoskeleton design which acts as the buildings structural support. This allows the developer to remove columns from the units, creating expansive glass views of Biscayne Bay. When complete the tower will feature only 83 units ranging from $5.8 million to over $20 million and 4,600 SF to over 10,000 SF. Additional amenities to the Sky Lounge’s culinary experience include Museum Beach, the building’s exclusive beach club in South of Fifth, Miami's only private rooftop helipad, a state-of-the-art fitness center, spa, two pools, an indoor aquatic center, and a sky lounge. Construction topped off in February 2018 and the tower is on track for delivery in early 2019.

For more information about One Thousand Museum, private showings or purchasing/ leasing information please fill out the form below:

One Thousand Museum By Zaha Hadid Architects Announces Museum Beach, A Private Beach Club Exclusively For Residents

One Thousand Museum by Zaha Hadid Architects has announced Museum Beach, an exclusive private beach club for residents in South Beach’s South of Fifth neighborhood. The offering is yet another five-star amenity available to residents at the ultra-luxury condo tower designed by Zaha Hadid in Downtown Miami’s Park West neighborhood. Residents will be offered luxury transportation from the condo tower to the beach club, which will offer residents a lavish beach experience including lounge chairs, surfboards, etc.

The 62-story One Thousand Museum by Zaha Hadid Architects is the late-starchitect Zaha Hadid's first residential skyscraper in the western hemisphere. The project is being developed by Louis Birdman, Gilberto Bomeny, Gregg Covin, Kevin Venger and the Regalia Group with Plaza Construction as the general contractor. One Thousand Museum's design features an exoskeleton design which acts as the buildings structural support. This allows the developer to remove columns from the units, creating expansive glass views of Biscayne Bay. The tower will feature only 83 units ranging from $5.8 million to over $20 million and 4,600 SF to over 10,000 SF. Additional amenities to Museum Beach will include Miami's only private rooftop helipad, a state-of-the-art fitness center, spa, two pools, an indoor aquatic center, and a sky lounge. Construction topped off in February 2018 and the tower is on track for delivery in early 2019.

Check out PROFILEmiami’s full coverage of One Thousand Museum

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