Michael Liebowitz Appointed Chairman and CEO of Douglas Elliman Inc.

Michael Liebowitz has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman Inc., following the retirement of Howard M. Lorber. The announcement was made by the real estate brokerage firm, which praised Lorber for his strategic vision and years of dedication in making Douglas Elliman the premier real estate firm in the country. Liebowitz previously served as the Board Director at Douglas Elliman Inc.

“Douglas Elliman is an iconic brand, and I am honored to be appointed as Chairman and CEO to lead the Company into its next chapter of growth and diversification,” said Mr. Liebowitz. “With a strong balance sheet, robust pipeline of projects in our Development Marketing business, and the competitive advantages provided by our dedicated team of world-class agents, I am confident that Douglas Elliman’s brightest days are ahead. We look forward to continue executing on our strategic vision, building on the Company’s industry-leading position and maximizing shareholder value.”

Liebowitz, a seasoned business executive with a background in founding and acquiring businesses in the insurance and financial industries, brings a wealth of experience to his new role. Over the past 25 years, he has been involved in acquiring or founding companies such as Harbor Group Consulting LLC, National Financial Partners Corp., and Innova Risk Management. He currently serves as Chairman and CEO of Nocopi Technologies Inc.

Liebowitz has also served as President and CEO of the Harbor Group Division of Alliant and High Street Valuations, until their acquisitions by Alliant. He has previously held positions on the boards of Ladenburg Thalmann Financial Services Inc. and The Hilb Group. Additionally, Liebowitz has experience in the real estate industry and is currently working on redeveloping the Mondrian South Beach Hotel in Miami, a property he has owned since 2019.

Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

Image via Douglas Elliman

Inside The Standard and Rosso Development Miami Art Week Soiree Launch Of The Standard Residences

The Standard Residences, Midtown Miami, kicked off Miami Art Week in style with an afternoon bayfront soiree at The Standard Spa Miami Beach, on the Venetian Islands. Hosted by The Standard International Executive Chairman, Amar Lalvani and Founder & CEO of Rosso Development, Carlos Rosso, the afternoon waterside soiree showcased a preview of the iconic hotel brand’s first ever residences, offering the opportunity to live The Standard’s distinctive lifestyle, which to date has only been available at its hotels. The Standard Residences, Midtown Miami re-imagines pied-à-terre-style living in South Florida’s most walkable neighborhood, featuring design by award-winning firms Arquitectonica and Urban Robot. The building will rise in the heart of Midtown Miami and blend culture, community and style with world-class design, amenities and service.

Hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Alex Vadia’s Midtown Development, launched sales of The Standard Residences, Midtown Miami and the project is already over 30% reserved in roughly a weeks time. The 12-story building is located will be located in the heart of Midtown Miam. It will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms, all designed and finished with The Standard’s distinctive touch. In the “anything but Standard” fashion, the building will be the first property in the area to recognize the emerging Flexible Living movement, allowing owners to lease out their units for terms as short as one month.

The Standard Residences, Midtown Miami is designed by Arquitectonica and Urban Robot. The building’s façade draws inspiration from the urban enclave’s storied past while connecting with the new energy of the neighborhood. Residences will range in size from 432 square feet to 965 square feet and will express the ethos for which The Standard is known, meticulously designed interiors that provide that balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors. The expansive lobby will inspire residents to connect, work and play – with lounge areas and a Café. A lushly landscaped rooftop creates an elevated outdoor experience with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London.

Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. In addition, the ground floor of the property will showcase 10,000 square feet of retail boutiques selected by The Standard’s in-house team.

A dedicated Standard concierge will be available around the clock to assist owners and direct cultural and community programming. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The Standard Residences will be located at 3100 NE 1st Avenue, Miami, FL 33137. The project is set to break ground in 2022 with expected completion by mid-2023.

Images via World Red Eye

Renderings of The Standard Residences, Midtown Miami

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

Bravo's Million Dollar Listing Star Fredrik Eklund & John Gomes Launch Miami Team With Douglas Elliman

BRAVO’s Million Dollar Listing NY star Fredrik Eklund, John Gomes, Julia Spillman and their team at Douglas Elliman, The Eklund | Gomes Team celebrated the launch of their team’s expansion into Miami Beach at the Soho Beach House Rooftop. Making an official mark in Miami Beach, the team hosted an exclusive VIP party alongside Howard M. Lorber, chairman of Douglas Elliman, Scott Durkin, President and COO of Douglas Elliman and Jay Phillip Parker, CEO of Douglas Elliman Florida. Showing support for the dynamic duo’s newest business venture, Victoria Secret Supermodel Vita Sidorkina and husband Valerio Morabito were spotted at the private soiree. City of Miami Beach Commissioner Michael Gongora presented Eklund and Gomes an official “stamp of approval” gifting the team an official Welcome Certificate to the City of Miami Beach on behalf of the Mayor and Vice Mayor of Miami Beach.

Douglas Elliman agents, clients and developers were in attendance including Miami-based, Terra president and developer of Eighty Seven Park, David Martin, who hosted Eklund and Gomes earlier in the day at the luxury beachfront condominium designed by Pritzker Prize-winning architect Renzo Piano.

Earlier this year, Eklund and Gomes celebrated the launch of their team’s expansion into Los Angeles at The Waldorf Astoria Beverly Hills during a rooftop sunset party. The Eklund | Gomes Team at Douglas Elliman currently consists of 52 team members across New York City, Los Angeles and now, Miami Beach with addition of top Miami Beach agents Pietro Belmonte, Jorge Sanchez, Darin Tansey & Dan Hechtkopf.

Renzo Piano's Eighty Seven Park Reveals Record-Breaking $68 Million Penthouse

Eighty Seven Park by Renzo Piano Building Workshop has revealed its penthouse in record breaking fashion. Priced at $68 million, the penthouse is unlike any other property on the market and is 2018’s most expensive home in Miami. The penthouse floats atop 18 stories and completes the remaining two floors of the boutique condominium, spanning 25,000 SF with 360-degree park, city and ocean views that embrace nature more than anywhere else.

As the realized vision of Pritzker-Prize-winning architect Renzo Piano, Eighty Seven Park’s expertise at “bringing the outdoors in” has captured contracts with high-profile buyers like Novak Djokovic and more. The project is developed by Terra, along with Bizzi & Partners Development, New Valley and Pacific Eagle. A true gem and a modern-day sanctuary, Eighty Seven Park’s penthouse is filled with every luxe amenity anyone could ever imagine to ensure there’s no need to ever want to leave home.

Terra’s President David Martin said he wanted the penthouse to offer its future keyholders a home that “pays unrivaled attention to detail,” and this iconic residence truly leaves no stone left unturned.

The penthouse is designed by RDAI, best-known for their long history with Hermès. It features six bedrooms, eight bathrooms, three powder rooms with 12,410 SF of interior space and 18,247 SF of outdoor terrace. The residence also features unobstructed ocean, park and city views; a personal fitness center, two private elevators, a state-of-the-art home cinema, floor-to-ceiling windows, vertical gardens, a personal Turkish hammam, two 40’ long sunset and sunrise infinity pools, jacuzzi, outdoor theatre, putting green and two summer kitchens.

“We looked to provide a serenely relaxed atmosphere,” said RDAI Design Director Julia Capp about the penthouse. “Its incredible location and views allow the light to gently infuse the interior and maintain contact with the exterior – which was an integral part of the design.”

“We want to engage and bring purposeful living not only to the buyers of Eighty Seven Park, but to the North Beach neighborhood as a whole,” says David Martin, President of Terra. “Along with the attention to detail that was poured into every aspect of Eighty Seven Park, our development also focused on urban planning that contributes to the neighborhood. We have discerning buyers from all around the world who recognize that there is intrinsic value in purchasing long-lasting assets with positive community impact.”

Away from the noise, Eighty Seven Park is nestled in North Beach where exclusivity is high, yet availability is low. At 80% sold, Eighty Seven Park is the one of the only boutique options still available for purchase. Eighty Seven Park is also the only building that has no more than four residences per floor, a residents-only garden, five-star amenities without hotel hassles, and a 35-acre park transformed by West 8 next door.

“Eighty Seven Park is a project that is truly singular for the South Florida market,” said Howard M. Lorber, Chairman of Douglas Elliman Realty. “It’s world-class architecture by Renzo Piano, direct oceanfront location, high-caliber interior design and luxury suite of amenities has proven to be appealing to buyers from across the United States and from around the globe. We look forward to continued sales success now that the super-structure is complete.”

For more information about Eighty Seven Park, private showings or purchasing/ leasing information please fill out the form below:

DDG's Rare, Oceanfront 3550 South Ocean Tops Out In Palm Beach

DDG, a leading national real estate development firm known for its progressive design aesthetic, has announced first new beachfront residential development on Palm Beach Island in over a decade, 3550 South Ocean, has officially topped out at 7 stories after breaking ground last summer. 3550 South Ocean is rare new addition to the coveted Palm Beach shoreline that introduces a new standard of luxury condo living in Palm Beach. Demand for the condominium’s oceanfront two-bedroom, three-bedroom and penthouse homes has remained strong during construction. Current availability starts at $2.3 million.

“3550 South Ocean is a significant development for DDG as it represents a new phase of the company’s expansion as well as our first project in Florida,” said Joseph A. McMillan, Jr., CEO and Chairman of DDG. “Watching the building go vertical and achieve its full height has been incredibly exciting and we look forward to seeing its elegant and contemporary design come to life as we approach completion next year.”

“Buyer response to 3550 South Ocean has been quite positive since the building came onto the market last year,” said Howard M. Lorber, Chairman, Douglas Elliman Realty LLC, whose Development Marketing team is the exclusive marketing and sales agent for 3550 South Ocean. “It offers the rare opportunity of purchasing a newly built home directly on the beach, as well as situates residents extremely close to the world-class dining, shopping and leading cultural institutions Palm Beach is known and sought after for.”

DDG assembled a cast of acclaimed designers for 3550 South Ocean. GarciaStromberg | GS4studios of Palm Beach, Kobi Karp Architecture of Miami, and Champalimaud of New York, teamed up to design the striking, yet timeless, contemporary beachfront building, with a sawtooth form that stretches east to west and enables each of the building’s 30 expansive residences to be bathed in natural light and enjoy unparalleled ocean views and breezes. KAST Construction is serving as the general contractor for the project. Residences at 3550 South Ocean come in 2 and 3 bedroom layouts, range in size from 2,700 SF to 3,000 SF and start at $1.875 million. Units will feature private elevator access with private entry foyers, amazing views of the Atlantic Ocean and Intracoastal Waterway, floor-to-ceiling glass, expansive chef's kitchens, and will be delivered move-in ready. A collection of five penthouses will also feature rooftop terraces.

Amenities include private beach access, a beachfront salt water swimming pool and sun terrace, a fitness studio with east facing natural light, on-site surf board and stand-up paddleboard storage, private gated access and private parking. Additionally, DDG has a partnership with The Wright Fit, to provide custom, on-demand lifestyle services including in-residence massages, indoor and outdoor private training, and yoga and youth fitness for residents. Ownership perks also include an exclusive relationship with on-demand charter service, Star Jets International which provides residents with custom-tailored concierge jet services, with the resident experience inclusive of door-to-door car transfers, itinerary customization, jet selection, onboard catering and more. Construction is currently under way with KAST as the general contractor. Delivery expected in late 2018. 

Drone photos via Daniel Petroni; Image via Jared Ruschmann, World Red Eye; Renderings via DDG

Construction Update: 3550 South Ocean Breaks Ground, The 1st Residential Project on Palm Beach in Over A Decade

Integrated real estate firm DDG announced earlier this month (July 2017) that construction is officially underway at 3550 South Ocean in Palm Beach after hosting an exclusive ground-breaking ceremony attended by South Palm Beach Mayor Bonnie Fischer, Douglas Elliman Chairman Howard M. Lorber and DDG CEO and Chairman Joe McMillan. The project is a rare new addition to the Palm Beach shoreline. The groundbreaking follows the launch of sales earlier this year; the project is already over 20% sold.

“3550 South Ocean signifies DDG’s foray into Florida and we couldn’t be more excited to see this project come to life as construction gets underway. Between the location, ocean views and selection of amenities, 3550 South Ocean will introduce a new luxury lifestyle to the Palm Beach condominium market,” said Joe McMillan, CEO and Chairman of DDG.

“There has been a strong interest in 3550 South Ocean since sales have launched,” said Howard M. Lorber, Chairman of Douglas Elliman Realty, LLC., whose Douglas Elliman Development Marketing team is the exclusive marketing and sales agent for 3550 South Ocean. “This project has addressed the buyers’ needs for ground-up new luxury homes on the beach with an elevated level of design that this area of Palm Beach has not seen before.”

The 7-story building was designed by local starchitect Kobi Karp in collaboration with Garcia Stromberg of Palm Beach and interiors by Champalimaud of New York. 3550 South Ocean will feature 30 units which come in 2 and 3 bedroom layouts, range in size from 2,700 SF to 3,000 SF and start at $1.875 million. Units will feature private elevator access with private entry foyers, amazing views of the Atlantic Ocean and Intracoastal Waterway, floor-to-ceiling glass, expansive chef's kitchens, and will be delivered move-in ready. A collection of five penthouses will also feature rooftop terraces.

Amenities include private beach access, a beachfront salt water swimming pool and sun terrace, a fitness studio with eastfacing natural light, on-site surf board and stand-up paddleboard storage, private gated access and private parking. Additionally, DDG has a partnership with The Wright Fit, to provide custom, on-demand lifestyle services including in-residence massages, indoor and outdoor private training, and yoga and youth fitness for residents. Ownership perks also include an exclusive relationship with on-demand charter service, Star Jets International which provides residents with custom-tailored concierge jet services, with the resident experience inclusive of door-to-door car transfers, itinerary customization, jet selection, onboard catering and more. Construction is currently under way with KAST as the general contractor. Delivery expected in late 2018.