WoundTech CEO Selling Bal Harbour Home

Jeffrey Galitz, the CEO & CMO of WoundTech, is selling his charming Bal Harbour home. WoundTech is an innovative telehealth platform that brings the clinic to the patent. The home is perfect for entertainers with a large backyard and accents of an English-style garden. It features 5-bedrooms and 5.5-bathrooms. The first floor features a grand entrance with 18-ft high ceilings, custom home theatre, gym, and chef’s kitchen with breakfast area. The second floor features 4 of the bedrooms including a master bedroom with his and her baths and large closets. The outside includes a sprawling patio with a BBQ, a pool, lounge area and backyard garden. The home is landscaped with tall hedges, palm trees and fountains. 101 Bal Bay Drive is located in Bal Harbour village and is listed for $5.5 million by Allan Kleer & Fabian Garcia-Diaz with ONE Sotheby’s International Realty. 

Tour GameStop Short Seller Gabriel Plotkin of Melvin Capital’s $44 Million North Bay Road Mega-Mansion

Melvin Capital’s Gabriel Plotkin has been in the news quite a bit recently after his hedge fund may have posted a loss in the billions in the stock market shorting GameStop. Plotkin made his first splash when he acquired the Choeff Levy Fischman-designed 6360 North Bay Road and 6342 North Bay Road on Miami Beach in November 2020 for $44 million. He then applied to demolish an 80-year-old home on the 6342 North Bay Road site to build a tennis court for the compound.

The residence at 6360 North Bay Road was designed by Choeff Levy Fischman and completed in 2018. The home offers the ultimate in waterfront living and year-round entertainment. eight-bedroom eight-bath main house, a four-bedroom four-bath guesthouse, and a cabana house. The ultra-luxe modern home was designed to blend the outdoors with inside with floor-to-ceiling glass sliding walls. The mansion is spread over 13,381 square foot with 2,700 square foot of covered outdoor space and a 3,000 square foot rooftop deck which offers sweeping panoramas of Biscayne Bay and sunsets over the water. The backyard features a resort-style mosaic glass pool, built-in spa, detached cabana house, and a summer kitchen. The 27,608 SF lot features a new 60’ pier dock and seawall with 112’ of waterfrontage.

Melvin Capital suffered serious losses after his short position in GameStop was targeted by members of the Reddit community Wall Street Bets. The group of retail traders pooled together to drive up GameStop’s market price and squeeze out short-sellers. Melvin Capital received a $2.75 billion bailout following the trading fallout from Ken Griffin’s Citadel and Steven Cohen’s Point72. Melvin Capital previously had $13 billion under management.

Photos via Felipe Ariano

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The Amalfi Coast Comes To Miami Inside This Chic Italian Abode Owned By The Family Behind La Sirenuse

5600 La Gorce Drive brings a piece of Italy to Miami channeling the lively cliffside village of Positano. The home underwent an extensive 2-year renovation from the owners of the world famous hotel, Le Sirenuse, in the Amalfi coast. The charming home offers the simple pleasures of awe-inspiring elements tastefully curated from the eyes of its Italian owners. The elegance of the living space travels through the small details from the furnishings and light fixtures to the murals on the wall. Each room in the home comes with a unique flair, including the custom copper paneled kitchen and bold living room. Outdoors, find a covered patio and lap pool for basking in the warmth of the sun.  Lushly surrounded by tall hedges providing extreme privacy and dramatic west views of La Gorce Country Club, this home is the embodiment of chic. 5600 La Gorce Drive is listed for $4.3 million by Daniela Bonetti & Darryl Fox with ONE Sotheby’s International Realty.

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PPG Development Acquires TRYP by Wyndham Miami Bay Harbor Hotel For $30 Million

PPG Development, led by Ari Pearl, has acquired TRYP by Wyndham Miami Bay Harbor Hotel for $30 million, roughly $312,500 per key. The acquisition was financed by a $26 million short-term mortgage provided by Arbor Realty SR. TRYP by Wyndham Miami Bay Harbor Hotel is located in the Bay Harbor Islands at 9540 W Bay Harbor Drive. The waterfront hotel was completed in 2018 and features 96 rooms spread over seven-stories totaling 111,063 square feet. The hotel also features a rooftop pool, bar, ground-floor restaurant, meeting room and fitness center.

The TRYP by Wyndham Miami Bay Harbor Hotel previously faced $25 million foreclosure lawsuit but the case was ultimately dismissed and the mortgage was satisfied.

Tech-Enabled Business Travel Firm 'Mint House' Expands To Downtown Miami

At a time when major operators business travel short-term lease extended stay operators such as Lyric and Stay Alfred are shuttering, Mint House, a tech-enabled hotel company for high-end business travelers, is continuing to rapidly expand despite the COVID-19 pandemic. Mint House recently expanded their Miami operation with the addition of a second location in Downtown Miami, Mint House at Muze at Met.  

Mint House at Muze at Met opened on January 13 after the firm acquired 22 units from previous operator Lyric. The acquisition was driven by a high demand of northeasterners looking to escape the cold and corporate travelers across the U.S. having the ability to work remotely. The brand’s first Miami location, Mint House at Caoba posted solid numbers for December 2020 with 91% occupancy and so far has seen 85% occupancy during January 2021. 

Those staying at Mint House at Muze at Met are greeted with the brand’s signature self-sufficient living elements like contactless check in/check out, keyless entry, customized groceries waiting in the refrigerator upon arrival, laundry in unit, and functional at-home working spaces.

Muze at Met was developed by ZOM Living in 2019 and is located at 340 SE 3rd St. Miami.

"Bombastic" Singer Shaggy Buys CocoPlum Home In Miami For $2.15 Million

Orville Richard Burrell, or better known as “Shaggy,” has purchased a $2.15M Miami home. The home is located in Coral Gables within the exclusive enclave community of Cocoplum. Shaggy is the two-time Grammy Winner musician behind “It Wasn’t Me,” “Bombastic” and more.

Shaggy’s new home features 5-bedrooms, 4.5-bathrooms, a 2-car garage, an open air courtyard and formal living room with expansive windows and vaulted ceilings. The master bedroom offers a walk-in closet, luxurious bath and private terrace overlooking the pool. The chefs kitchen is a perfect size for entertaining. The outside features an enchanting pool, landscaped backyard, covered terraces and a covered bar with built in BBQ.

8010 Los Pinos Blvd., Coral Gables was listed by Hilda Jacobson and David Pulley of Douglas Elliman’s Sports & Entertainment Division. Shaggy was represented by Harry Baxter of Fortune International Realty. 

160 Marina Bay Launches Sales On Fort Lauderdale's Intracoastal Waterway

Gold Krown Investments, LLC has launched 160 Marina Bay, an exclusive five-story condo development on Fort Lauderdale Intracoastal Waterway. 160 Marina Bay is located at 160 Isle of Venice Drive and will offer 16 luxury condominiums with east facing waterfront views. For yachting enthusiasts the development offers for-purchase boat slips allowing residents direct access to the Atlantic Ocean. 160 Marina Bay is designed by FSMY Architects + Planners and RS3 Designs.

“This new venture, 160 Marina Bay, is a perfect destination for an ocean-centric, technology-driven buyer,” said Ronald Krongold, a managing member of Gold Krown Investments, LLC. “The residences are designed in an exclusive setting, with benefits of direct access to the intracoastal and an emphasis on smart-home technology. We have assembled an incredible team to bring this project to life. Demolition of the current site has commenced and we should deliver units in the 1st quarter of 2022.”

Residences at 160 Marina Bay will be delivered move-in ready and are designed with privacy and connectivity in mind. The project will feature four residences per floor with two spacious three bedroom, three bathroom and one half bathroom floor plan options ranging in size from 2,875 square feet to 2,918 square feet of interior living space plus expansive waterfront east-facing terraces with glass railings for entertaining which bring the units to over 3,000 square feet.

Unit features include 10 foot ceilings throughout, energy-efficient and impact-resistant floor-to-ceiling sliding glass doors and windows, direct water views from the living room and master bedroom, and a spacious laundry room with a sink, side-by-side large capacity washer and dryer, and space for additional storage. Chef-inspired kitchens will include Italian cabinetry and high-end appliances by Sub-Zero, Wolf and Miele. Each residence comes with its own private elevator vestibule entry into a foyer, a private storage closet, and two garage parking spaces. All residences are also fit with top-of-the-line smart technology for controlling entry locks, lighting, thermostats and showers, remotely or by voice activation. An in-wall smart home system will unite all smart home devices in one simple-to-use control system with multiple control panels located throughout each unit. Each residence will also be equipped with a digital medical examination kit for facilitating remote examinations with a healthcare professional.

“160 Marina Bay is a very unique project,” said Edgardo DeFortuna, President and CEO of Fortune Development Group. “The privacy of the exclusive building, its state-of-the-art smart home technology, and its location in proximity to Fort Lauderdale beaches, Las Olas and Downtown Fort Lauderdale sets this development apart. With the current surge of new residents in Broward County and the demand for new boutique residences, we believe 160 Marina Bay will be extremely successful and a great addition to Las Olas Isles in Fort Lauderdale.”

Amenities at 160 Marina Bay include a waterfront pool deck overlooking the canal with lounge chairs, cabana and BBQ area for entertaining, private WiFi accessible throughout the property, and electric vehicle charging stations available for purchase. Residents will receive digital notifications of package deliveries to a private, self-service package locker system with refrigeration capability located in the lobby.

Residents will also have the option to purchase one of fourteen private boat slips with deep water access are available for purchase and include electrical and water connections.

Prices start at $2 million with penthouses starting at $2.45 million with sales led by Fortune Development Sales. 160 Marina Bay is expected to be completed in early 2022.

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The Piero Lissoni Villa Collection At The Ritz-Carlton Residences Breaks Ground And Launches Sales

The Piero Lissoni Villa Collection at The Ritz-Carlton Residences in Miami Beach has just broken ground and launched sales. Lionheart Capital affiliate 4701 North Meridian LLC sold the villas development site to GFI Development Co. and the world-famous Italian architect Piero Lissoni will design the homes. The Residences will be ultra-luxurious single-family waterfront homes with dockage. The homes are part of The Ritz-Carlton Residences located in Mid-Beach where  the lake, ocean and waterway meet and just minutes from Downtown and South Beach.

“We are delighted to launch this superlative collection of Villas in this new year filled with optimism,” said Jay Phillip Parker, CEO of Douglas Elliman’s Florida Brokerage. “Miami is benefitting from a tremendous wave of buyers looking to reestablish here and The Piero Lissoni Villas offer a unique product that blends the amenities, service and lifestyle of a condominium with the privacy and control of a single-family home. This is all coupled with the exceptional Ritz-Carlton tradition of unrivaled service and quality for owners in an extraordinarily quiet neighborhood.”

The villas will be free-standing and two-stories tall for optimal privacy and space with interiors and exteriors fully designed by Piero Lissoni. Villas will range in size from three-bedrooms to five-bedrooms and feature a two-car garage, fenced yard, private infinity-edge pool and a landscaped waterfront.

“In collaboration with award-winning Miami architecture firm Choeff Levy Fishman Architecture and Design, Lissoni has envisioned each residence as its own concept, and has thought through every space, whether indoors or outdoors, to perfection—opening up the landscape with dramatically framed views that lead the eye to landscaped gardens and beyond. Lissoni has connected The Villa Collection at The Ritz-Carlton Residences, Miami Beach  inside and out so seamlessly, you will hardly know where your home ends and the gardens begin,” said Andy Ashwal of GFI Development Company. “The world-class design, personal services, location, and amenities of these 15 villas add up to one extraordinary way of life for an exceptional few.”

The Villas will include resort-style amenities including an art studio, 36 private boat slips, an on-site captained Frauscher day yacht, a half-acre rooftop pool deck with private cabanas, a poolside resident-only restaurant, a food forest community garden, a club room, waterfront social room and more. There will be a concierge service to help book beach access, the cinema-style screening room, fitness center, yoga room and meditation garden. The amenities are compliment of The Ritz-Carlton lifestyle of bespoke experiences with a high level of service known in the industry.

The Villa Collection at the Ritz-Carlton Residences are located at 4701 Meridian Avenue in Miami Beach. Pricing ranges starting from $4.375M. Exclusive marketing is by Douglas Elliman Development Marketing

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E11EVEN Partners And PMG Reveal The 65-Story E11EVEN Hotel & Residences in Downtown Miami

E11EVEN Partners and Property Markets Group (PMG) have launched E11EVEN Hotel & Residences in Downtown Miami’s Park West neighborhood. The project will rise 65-stories and is located at 29 NE 11th Street. E11even Partners is led by Michael Simkins, Marc Roberts, and Dennis DeGori, who own the neighboring E11EVEN Nightclub. PMG is led by Managing Partners Ryan Shear and Kevin Maloney. The project is expected to break ground in late summer 2021.

E11EVEN Hotel & Residences is designed by Sieger Suarez with interiors by AvroKo. The project will feature 375 fully furnished condo-hotel units which range in size from studio to two-bedroom floor plans; in addition, there will also be a Penthouse Collection complete with two Presidential Suites which will each feature a private indoor pool. Units will come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control; an LED (or water-based) fireplace in the living room; built-inwasher and dryer; and a signature Home Essentials Package, which will include silverware, glassware, linens, sheets, and towels.

Buyers will be able to either choose to live in their unit or put the unit into a hotel program. Sales are being overseen in-house with pricing starting at $385,000.

E11EVEN Hotel & Residences also features a full-suite of turbocharged amenities including a members-only rooftop pool, bar and restaurant dubbed Level 65; a Deepak Chopra-designed spa with meditation room and yoga studio; gourmet food hall; state-of-the-art fitness center; an 8,000 square foot sports lounge; living room lounge with music studio, and an 11th floor 20,000 square foot multi-level E11EVEN Day Club and Pool which will feature cabanas, plunge pools and a 2,000 square foot resort-style pool. Guests will also have access to transportation to and from the E11EVEN Beach Club which will be located on the beach in South Beach’s South of Fifth neighborhood.

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ARTE Closes New Deals Selling Over $59 Million Last Month

ARTE, a 16-residence luxury condominium developed by Alex Sapir and Giovanni Fasciano, has closed on over $26 million in sales in just a few short weeks. Arte has broken the Surfside sale records with its $33 million penthouse deal and has sold over $59 million in the last month.

On the heels of its $33 million penthouse sale ARTE announced the sale of two more homes, Residence 202 and Residence 501. Both residences feature indoor-outdoor living with private outdoor space that is currently in high demand. Residence 202 is a furnished, six-bedroom duplex villa that sold for the full asking price of $16 million. The in-house Sales Executive for ARTE, Dean Bloch from Douglas Elliman, represented the seller. The buyer was represented by Chad Carroll of Compass. Residence 501 is a four-bedroom condo that sold for $10.2M, which was $250,000 over the asking price. Tara West of Douglas Elliman and also the exclusive marketing and sales agent of ARTE represented the developer in the sale. The buyer was represented by Eklund Gomes Miami.

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