Inside the 4th Annual PROFILE State of the Market 2026 Presented by Tower Capital Partners at Artefacto Coral Gables

Panelists and hosts at the 2026 PROFILE State of the Market event at Artefacto Coral Gables.

On Tuesday, May 12, 2026, PROFILEmiami hosted the 4th Annual PROFILE State of the Market 2026 presented by Tower Capital Partners at the luxurious Artefacto flagship showroom in Coral Gables, bringing together more than 200 of South Florida’s leading developers, brokers, investors, financiers, architects, designers, and real estate professionals for an evening of high-level market insight, bespoke networking, and real estate showcase activations. Topics that emerged were that 2026 is the “Year of the End User”, and themes of “Pricing & Provenance” with “long term livability”.

The Showcase highlighted PROFILEmiami’s continued focus on streamlining discovery and connection across South Florida’s pre-construction market. Throughout the evening, Blackline presented live demonstrations of its real estate development sales software platform, while luxury developments including Ponce Park Coral Gables, Parkline Brickell, and The Mansions at Fisher Island showcased their projects to many of South Florida’s top real estate brokers and industry professionals. In the weeks following the event, the showcased developments collectively went on to close more than $100 million in sales, reinforcing the power of curated broker engagement and in-person relationship building in today’s market.

Moderated by T.J. Sabo, Founder & CEO of SABO+, the panel featured Spencer Morris, President of The Allen Morris Company; Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida; David-Emmanuel Cohen, CEO of Madar Group USA and developer of The Mansions on Fisher Island; John Parsiani, VP of Sales at Aria Reserve and founder of Parsiani Real Estate; and Fernando de Núñez y Lugones, CEO of Vertical Developments. Together, the conversation explored some of the most important forces shaping South Florida real estate in 2026 — from luxury pricing and consumer psychology to product evolution, end-user demand, hospitality-driven living and long-term market positioning.

The panel concluded with a pro-real estate development word from Emmy Award Winning Former CBS4 Miami Anchor Elliot Rodriguez who is currently campaigning for the House of Representatives for the 27th Congressional District of Florida in the 2026 Mid-Term Elections.

As Miami continues evolving into one of the world’s premier luxury real estate destinations, conversations like those at the 4th Annual PROFILE State of the Market 2026 continue helping define how developers, brokers, architects, financiers and sales teams adapt to a more sophisticated, globally minded buyer increasingly focused on quality, customization, hospitality, and long-term value. Through elevated events like PROFILEconnect, PROFILEmiami continues reinforcing its role at the center of South Florida’s real estate conversation — delivering insight, access and meaningful connection at the highest level.

Panels:

One of the evening’s most discussed themes centered around “Pricing & Provenance” and “long term livability” in Miami’s rapidly maturing ultra-luxury condominium market. David-Emmanuel Cohen discussed how Miami’s top-tier residential market is now achieving pricing levels exceeding $5,000 to $6,000+ per square foot, positioning the city alongside ultra-prime global destinations such as Monaco and St. Barth. Spencer Morris expanded on the growing importance of provenance, craftsmanship and material authenticity in luxury development, sharing how The Allen Morris Company traveled to Carrara, Italy to personally source marble for its projects in an effort to create more enduring, deeply intentional residences. Jay Phillip Parker echoed the importance of quality and execution, emphasizing that today’s luxury buyers are increasingly prioritizing authenticity, lasting value, and buildings designed for long-term ownership rather than short-term speculation.

The panel also explored the continued evolution of the luxury buyer. Spencer Morris described 2026 as “the year of the end user,” explaining how premium, highly customized residences increasingly dominate demand as buyers seek homes designed for long-term living, personalization and permanence. The discussion highlighted how many affluent purchasers are combining units to create larger, more bespoke living environments that better reflect lifestyle needs, privacy expectations and family use patterns.

Further conversation explored how evolving consumer expectations are creating entirely new categories of luxury living and hospitality-driven real estate experiences. Jay Phillip Parker discussed the growing opportunity within branded hospitality-driven multifamily developments and luxury assisted living, explaining how consumers are increasingly willing to pay premiums for hospitality-caliber services, wellness offerings and elevated programming traditionally associated with luxury hotels and branded residences. He also noted the long-term opportunity for world-class healthcare providers and hospitality operators to collaborate in creating a new standard for luxury wellness-focused senior living.

Panelists also discussed the evolving divide between large-scale amenitized towers and smaller boutique luxury developments. John Parsiani explained how many buyers continue gravitating toward larger towers for their expansive amenity packages, resort-style experiences and “lock-and-leave” convenience, particularly among seasonal and international residents. Fernando de Núñez y Lugones then highlighted how, at the highest end of the market, many true end users increasingly prioritize privacy, exclusivity and intimacy — driving demand for smaller boutique buildings — while investors often remain more attracted to larger-scale developments offering operational efficiencies and expansive amenity ecosystems.

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Constellation Group and The Boschetti Group Break Ground on Cora Merrick Park, Coral Gables' First Wellness-Focused Luxury Residences

Constellation Group and The Boschetti Group celebrated the groundbreaking of CORA Merrick Park today, a boutique residential condominium centered on wellness in Coral Gables. Located at 4241 Aurora Street in the heart of the exclusive Merrick Park neighborhood, CORA will deliver 74 thoughtfully designed residences that reflect a modern, wellness-oriented approach to living.

Local municipal leaders as well as key members of the design and construction team who spoke to guests at the event included Coral Gables Mayor Vince Lago; Constellation Group Managing Principal Eduardo Otaola; Jay Parker, CEO of Brokerage, Florida Region, and President of Douglas Elliman Development Marketing, Florida; and Arquitectonica Vice President Ray Fort.

Priced from the $900,000s to over $4 million for penthouse suites, Cora Merrick Park is designed by acclaimed architecture firm Arquitectonica with interiors by Urban Robot. It is among the first condos in Miami to seek certification through the International WELL Building Institute (IWBI) WELL for residential program, an evidence-based, third-party certification aimed at creating healthier, more resilient homes.

The project is directly across from Shops at Merrick Park — Coral Gables’ world-class shopping and dining destination — and within walking distance of downtown Coral Gables and the Metrorail, offering easy access to Coconut Grove, the University of Miami, and Downtown Miami/Brickell. It is also just one block from 4225 Ponce, a newly delivered Class A, boutique office property anchored by wealth management firm UBS, also developed by Constellation Group and The Boschetti Group.

“Cora Merrick Park is the first residential community in Coral Gables designed to integrate wellness into everyday living,” said Eduardo Otaola, Managing Principal at Constellation Group. “It also meets pent-up demand for new luxury product and offers a compelling alternative to the single-family home market. Cora Merrick Park is in an irreplaceable location that gives buyers the chance to own a piece of Merrick Park, delivering walkability, community, and the quality-of-life benefits that Coral Gables is known for — all in a finished turnkey project with world-class amenities.”

"South Florida continues to attract high-net-worth individuals and families relocating from across the country and around the world, and Coral Gables is one of the most exclusive and coveted addresses in the U.S.," said Jay Phillip Parker, CEO of Brokerage, Florida Region, and President of Douglas Elliman Development Marketing, Florida. "Cora Merrick Park speaks directly to the buyer who has experienced the best in New York, London, or São Paulo and wants a home in Miami that matches that high standard. Cora Merrick Park offers an exceptional location in a family-friendly city with historic charm that is close to the region’s best country clubs, schools, retail, and office centers.”

Spanish wellness firm Lamarca Well — best known for creating the first wellness hub in Madrid, Spain — is overseeing Cora’s wellness programming. The building’s amenities center on biohacking and longevity, featuring advanced air and water purification systems, noise-reducing acoustic design, non-toxic building and cleaning materials, a fitness center with a dedicated recovery zone, and a spa with infrared sauna, steam room, contrast hydrotherapy pools, and red-light therapy panels. Residents will also enjoy a resort-style rooftop pool deck, yoga and meditation area, lobby tearoom, and the first rooftop padel court in Coral Gables.

Cora Merrick Park offers 13 unique floor plans, from one-bedroom to expansive three-bedroom-plus-den residences, each featuring 10-foot ceilings, Italkraft kitchens, Sub-Zero/Wolf appliances, designer stone countertops, custom porcelain flooring, and walk-in closets. Select residences include expansive private lanais.

The design offers a modern reinterpretation of the Spanish Mediterranean aesthetic, pairing coralina stone and marble with dark-stained oak — a nod to Coral Gables’ signature oak canopy. Textured columns, organic stone forms, and chevron-patterned porcelain tile from Spain’s Living Ceramics create a refined, wellness-focused interior environment. Outside, an original sculpture by celebrated Catalan artist Jaume Plensa anchors a lush 5,000-square-foot park.

The Berkadia Miami team of Scott Wadler, Mitch Sinberg, Matt Robbins and Brad Williamson arranged a construction loan which will be announced this month.

Winmar Construction is the general contractor for Cora Merrick Park.

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For more information about CORA Merrick Park or to inquire about purchasing a unit please fill out the form below:

Constellation Group and The Boschetti Group Officially Open Cora Merrick Park Sales Gallery in Coral Gables

The new sales gallery for Cora Merrick Park – the first wellness-oriented residences in Coral Gables – is now officially open at 4200 Laguna Street in Coral Gables. On Tuesday, Sept. 30, developers Constellation Group and The Boschetti Group celebrated the grand opening of the gallery with Douglas Elliman Development Marketing, inaugurating the space and giving the community a sneak peek of the luxurious details and wellness features that make this project unique. Guests enjoyed live music, sipped adaptogenic cocktails and wellness elixirs, and participated in immersive demonstrations of red-light therapy panels and lymphatic compression treatments, curated by Centner Wellness. Inside the gallery, guests explored Cora’s signature finishes – natural stone, wood, and tile imported from Europe and around the world.

Designed by Arquitectonica with interiors by Urban Robot, Cora Merrick Park is delivering 74 refined residences priced from the $900,000s to over $4 million to Merrick Park – Coral Gables’ world-class shopping and dining destination. The project is directly across the street from Shops at Merrick Park, and walking distance to downtown Coral Gables and the Metrorail, and just minutes from Coconut Grove, University of Miami and Downtown Miami/Brickell.

“Cora Merrick Park is the first residential community in Coral Gables designed to integrate wellness into everyday living,” said Eduardo Otaola, Managing Principal at Constellation Group. “At the same time, it meets pent-up demand for new luxury product in Coral Gables. Cora offers a compelling alternative to the single-family home market in an irreplaceable location that delivers walkability, community, and the quality-of-life benefits that Coral Gables is known for – all in a finished turnkey-project with world-class amenities.”

Spanish wellness firm Lamarca Well, best known for creating the first wellness hub in Madrid, Spain, is overseeing Cora’s wellness programming. Key components include biophilic design, advanced air and water purification systems, noise-reducing acoustic design, non-toxic building and cleaning materials, a fitness center with a dedicated recovery area, and a spa with infrared sauna, steam room, contrast hydrotherapy (hot and cold) pools, and red-light therapy panels. Additional offerings include a resort-style roof deck pool, yoga and meditation area, lobby tearoom, and the first rooftop padel court in Coral Gables.

“At CORA Merrick Park, we believe wellness isn’t just about offering a product or service – it’s about delivering a lifestyle and creating environments that support lasting change,” said Mischka Capriles, Lamarca Well co-founder.

Lamarca and Arquitectonica will also oversee Cora’s enrollment in the International Well Building Institute (IWBI) WELL for residential program – an evidence-based, third-party certification aimed at creating healthier, more resilient homes.

Located at 4241 Aurora Street, Cora Merrick Park offers 13 unique floor plans, from one-bedrooms to expansive three-bedroom plus den residences. Each home has 10-foot ceilings, Italkraft kitchens, Sub-Zero/Wolf appliances, designer stone countertops, custom porcelain flooring, walk-in closets, and private, expansive lanais in select residences.

Cora offers a design-forward reinterpretation of the Spanish Mediterranean aesthetic through a modern, wellness-focused lens. Classic natural materials are used in novel ways to bring natural sophistication to interior spaces. Coralina stone and marble are paired with a dark stained oak – a nod to Coral Gables’ oak canopy – to create a moody, sexy color palette. Textured lime-wash walls and soft, organic stone forms – from the fluted marble lobby column to the rounded edges of the kitchen islands and bathroom vanities – foster calm and evoke a connection to nature. In the residences, a unique chevron-patterned, porcelain-tile floor from Spain’s Living Ceramics puts a contemporary spin on the classic design motif. Floor-to-ceiling windows usher in natural light to create a modern aesthetic rarely seen in the city.

Hospitality-inspired details, including a striking sculptural reception desk in the lobby and custom property fragrance, bring an added touch of European elegance. Outside, an original sculpture by celebrated Catalan visual artist Jaume Plensa anchors a lush 5,000-square-foot park, underscoring Cora’s seamless blend of art, architecture, and wellness.

Images via World Red Eye, Renderings via Cora Merrick Park

For more information about CORA Merrick Park or to inquire about purchasing a unit please fill out the form below:

Terra Secures $285 Million Construction Loan And Announces Groundbreaking For Mr. C Hotel & Residences West Palm Beach

Terra, a prominent real estate development company in Miami’s Coconut Grove, and Sympatico Real Estate, a Palm Beach-based firm owned by the Morrison family, announced today the closing of a $285 million construction loan for Mr. C Hotel & Residences West Palm Beach. The financing, provided by TYKO Capital, represents a pivotal milestone as the project, which just broke ground, commences construction at 70% sold. Aztec Group represented the borrowers in the construction loan deal. Douglas Elliman and Douglas Elliman Development Marketing exclusively handle sales and marketing for the building.

“Our lender recognizes the prime opportunity in West Palm Beach and the potential for continued growth in demand,” said David Martin, CEO of Terra. “Breaking ground on Mr. C Hotel & Residences marks a new era of quality and convenience in downtown. With walkable access to excellent retail and dining, the property offers a turnkey lifestyle defined by curated design, elevated service, and effortless sophistication that no other project in West Palm Beach has. We look forward to completing this project next year.”

Once complete, Mr. C Hotel & Residences West Palm Beach will feature 110 hotel suites, 146 expansive branded residences, and a highly personalized lifestyle through elevated services tailored to residents’ individual needs. Designed by the renowned architecture firm Arquitectonica and the award-winning design studio Meyer Davis, the homes are a modern interpretation of classic European living. Interiors feel both relaxed and refined, drawing inspiration from the iconic glamour of the Italian Riviera in the 1950s, as well as the local sailing culture and the vibrant energy of West Palm Beach. Thoughtful layouts create a sense of openness; the units’ expansive windows frame sweeping views of the Intracoastal Waterway and city skyline. Each home boasts refined finishes, premium materials, and subtle design elements that reflect a sense of ease and intentionality. Select residences feature spacious corner exposures and generous outdoor terraces.

“We’re excited to watch this project come to fruition alongside our partners at Terra. The financing and groundbreaking brings us one step closer to delivering Mr. C’s unmatched residential lifestyle in downtown West Palm Beach,” said Tommy Morrison, President at Sympatico Real Estate.

Amenities at Mr. C Hotel & Residences West Palm Beach bring Mr C’s signature hospitality into every corner of the building. Residents will enjoy a garden-level lap pool with private cabanas, a poolside bar and lounge area, a fully equipped fitness center with dedicated rooms for yoga, pilates, and Peloton workouts, and a signature spa with steam and sauna rooms. Additional features include a library, business lounge, Little C’s Outdoor Playground, high-speed private elevators, curated art installations throughout shared spaces, and access to the custom Mr. C Hotel & Residences app for streamlined communication and service requests. A private members' lounge offers an intimate setting for relaxing or gathering with neighbors, further enhancing the sense of community and exclusivity that defines the Mr. C lifestyle.

“As a brokerage that specializes in representing the region’s most compelling properties, we are proud to be aligned with a project as thoughtfully executed as Mr. C Hotel & Residences West Palm Beach,” said Jay Parker, CEO of Douglas Elliman Florida. “From its elevated aesthetic to its connection with a globally respected brand, this development offers something truly distinct in today’s market. The combination of design, service, and location has already resonated strongly with buyers, and we expect that momentum to continue as construction progresses.”

Mr. C Hotel & Residences West Palm Beach offers a highly personalized lifestyle through an array of elevated services tailored to residents’ individual needs. A professional hospitality team is available to coordinate everything from housekeeping, pet care, and appointment scheduling to in-home dining, package handling, and travel support. Upon arrival, residents are welcomed through a private porte-cochère with round-the-clock valet and front desk assistance. A wellness-focused concierge arranges services such as personal training, spa treatments, nutrition guidance, and beauty appointments. For social gatherings, residents can access event planning support and food and beverage coordination.

Mr. C Hotel & Residences was founded by Ignazio and Maggio Cipriani, the fourth generation of the Cipriani family, known for shaping some of the most iconic hospitality experiences in the world. Since launching the first Mr. C Hotel in Beverly Hills in 2011, the brand has expanded to New York, Miami, and Dubai, each property offering a modern take on classic European elegance. Mr. C Hotel & Residences West Palm Beach is the latest iteration of that evolution, representing the brand’s newest residential address and its first in Palm Beach County.

“Every Mr. C property is an expression of our way of life, with warmth, attention to detail, and a relaxed sense of sophistication,” said Ignazio Cipriani, Co-Owner of Mr. C Hotels. “Bringing that sensibility to West Palm Beach is something we are truly proud of. This project reflects the way our family approaches hospitality, where design, service, and atmosphere come together with intention. The hotel and residences will offer a lifestyle that is elevated yet comfortable, grounded in tradition and built for how people live today.”

Renderings via Binyan Studio

For more information about Mr. C Hotel & Residences Coconut Grove or to inquire about purchasing a unit please fill out the form below:

Inside Constellation Group and Boschetti Group's Launch Event of CORA Merrick Park at Perry's Steakhouse

On March 19, 2025 Constellation Group and Boschetti Group hosted a lavish launch event for CORA Merrick Park at Perry’s Steakhouse in The Shops at Merrick Park in Coral Gables. Developers Eduardo Otaola from Constellation Group and Jose Boschetti from Boschetti Group presented their new condo alongside Jay Phillip Parker, CEO of Brokerage, Douglas Elliman’s Florida Region and President of Douglas Elliman Development Marketing, who are overseeing sales at the project, and interior designer Giancarlo Pietri of Urban Robot Associates.

CORA is a groundbreaking mixed-use boutique building where wellness meets home in Coral Gables’s Merrick Park. This innovative project features 74 wellness-oriented refined residences, complemented by thoughtfully curated retail and office spaces. CORA represents the first wellness-focused residential development in The City Beautiful and, upon completion, will be one of the first WELL Certified residential buildings in Coral Gables. Douglas Elliman Development Marketing serves as the exclusive broker for residential sales and marketing at CORA. The project is designed by Arquitectonica with interior design by Urban Robot Associates.

Seamlessly integrating wellness into every aspect of its design, CORA creates an environment where residents can feel revitalized, energized, and balanced. Through a singular partnership with renowned European wellness brand Lamarca Well, which has been working with ownership and designers since the project’s inception, CORA ensures that health and wellness are interwoven into every aspect of the property. With the guidance of leading wellness consultants, every detail has been thoughtfully curated to enhance residents' well-being, ensuring a healthier, happier life becomes second nature.

Slated for completion in 2027, the thirteen-story building will also feature more than 8,000 square feet of ground-floor retail and 13,000 sq. ft. of office space across the second and third floors. CORA is located at 4241 Aurora Street in Coral Gables’ prestigious Merrick Park district. Entry prices for residences begin in the $900,000s. The residences, from intimate one-bedrooms to expansive three-bedroom plus den homes, ranging in size from 678 to 2,651 sq. ft.

Amenities include a state-of-the-art fitness center with advanced wellness and recovery equipment, complemented by the first rooftop padel court in Coral Gables. Residents can enjoy a complete spa experience with a steam room, sauna, and hot and cold plunge pools, as well as a resort-style pool with private cabanas and a dedicated yoga terrace for mindful movement practices and meditation. Other amenities include an expansive lobby featuring a coworking lounge, executive boardroom, and resident tea lounge. A media lounge with catering kitchen provides entertainment space, while outdoor kitchen and dining areas offer alfresco gathering opportunities.

At street level, the development will contribute a 5,000 square foot public park to the City of Coral Gables, anchored by a sculpture from internationally acclaimed artist Jaume Plensa, creating a cultural landmark that will enhance the neighborhood's artistic landscape.

A dedicated sales gallery in the Village of Merrick Park will open soon.

Images via Alexey Olivenko

For more information about CORA Merrick Park or to inquire about purchasing a unit please fill out the form below:

Only Luxury Condominium to be Delivered in South Beach This Year Tops Off

Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge. The 519-foot development will become the tallest building in Miami Beach upon its completion in 2023.

"Five Park delivers on every element of luxury living as the tallest tower on Miami Beach.  Uniquely connecting the South of Fifth neighborhood to the West Avenue district, Five Park brings the park to the boardwalk as the only tower rising in the area," said Jay Phillip Parker, President of Douglas Elliman Development Marketing, Florida. “It’s a project that elevates the caliber of the neighborhood and a perfect representation of a development built to meet the discerning demands of Miami’s new buyer’s needs. Five Park achieves an unprecedented level of quality, very different from what has been built in the last decade, thanks to David and Russell’s collaboration and their unique understanding of the surrounding needs.”

Rising on the edge of Miami Beach, the 48-story tower has unveiled 50,000 square feet of diverse amenity spaces with a choreographed team available round-the-clock. On the 6th floor, overlooking city and bay views, residents are invited to The Park Club. Anchored by an expansive pool and café terrace, the elevated oasis features a lap and family pool with covered cabanas, loungers and social spaces with indoor or al fresco dining options. Additionally, The Park Club amenity level features a variety of wellness, work and entertainment spaces including a fully outfitted gym and spa treatment rooms, a co-working area with private offices and board rooms, screening rooms and more. On the ground floor, Five Park boasts its very own backyard oasis, Canopy Park. Spanning three acres, the community amenity offers a refuge from city living with a botanic garden, interactive MONSTRUM playground, dog park and event lawn. 

Five Park was conceptualized by a visionary team of designers, architects and tastemakers with an exceptional understanding of beauty, functionality and service. The roster of project collaborators includes interior design firm Gabellini Shepard; Arquitectonica, leading architectural plans; design maven Anda Andrei; French conceptual artist, Daniel Buren; and Sarah Harrelson, founder of Cultured Magazine, leading the interior art curation.

Five Park also has revealed the Canopy Bridge, set to break ground in early 2024, an overhead bridge designed by Daniel Buren, recognized worldwide for his site-specific art installations. The 158-foot-long enclosed pedestrian tube will connect the site anchored by Five Park to the South of Fifth neighborhood for the first time.

Arquitectonica-Designed Boutique Condo 42 Pine Launches Sales On Miami Beach's Pine Tree Drive And 41st Street

Sales have launched for 42 Pine, an exquisite collection of residences redefining luxury living in one of Miami Beach’s most sought-after neighborhoods. The boutique building will offer fifty move-in-ready residences ranging from one-to-three-bedrooms, including eight penthouses, meticulously crafted to deliver a bespoke lifestyle rooted in community and convenience.

“42 Pine is a building that is truly singular, there is nothing else like it in the neighborhood,” said Jay Phillip Parker, Chief Executive Officer of Douglas Elliman Florida. “New development in Miami Beach is scarce, and this project presents a rare opportunity to own a home of this caliber in one of the most in-demand areas – setting a new standard for luxury on 41st Street.”

With architecture and interiors imagined by renowned firm Arquitectonica, the eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. Spanning 700 square feet to 2,700 square feet for combined units, each elegantly appointed residence is designed to maximize space and build a connection to the outdoors–with sweeping floor-to-ceiling windows and doors ushering in an abundance of natural light. Private terraces with glass railings provide a seamless indoor/outdoor living experience.

“This building represents an important urban design step for the area, adding quality development along its western frontage,” said Bernardo Fort-Brescia, Principal of Arquitectonica. “We drew our inspiration for the design of 42 Pine from the idea of a hill town. The expression is one of individual villa clusters to create a vertical neighborhood. The concept is reinforced by the use of contrasting materials that highlight the cubic village idea.”

For ease of ownership, the residences are delivered ready to be occupied with refined interior finishes that include french white oak hardwood flooring and marble countertops. Gourmet chefs' kitchens showcase marble countertops, custom Italian cabinetry, top-of-the-line Wolf and Subzero appliances, and are designed to meet kosher standards. Spa-inspired bathrooms offer indulgent features including glass-encased showers, soaking tubs, dual sinks with custom Italian vanities, honed flooring and premium fittings that elegantly create a serene and warm environment.

Resort-style amenities and services include thoughtfully curated indoor and outdoor spaces such as an amenity deck with a 52’ pool, relaxation spa, cabanas and poolside service, plus a yoga and meditation lawn all surrounded by lush tropical landscaping. The property's state-of-the-art fitness center offers advanced cardio and weight-strengthening equipment complemented by an outdoor deck. Community-minded social spaces include a club and game room, large outdoor terrace, media lounge, and children’s play room. A dedicated team including concierge, doorman, valet, and porter service is available to anticipate residents’ every need.

Located in one of the most coveted residential neighborhoods in Miami Beach, at the intersection of Pine Tree Drive and 41st Street, residents can enjoy access to the beach, top-rated schools, fine-dining, houses of worship and boutique shopping experiences all within walking distance.

Construction on 42 Pine is expected to be completed by Q4 2023, with residences priced between $700,000 to $4,000,000. The building is located at 340 W 42nd Street with sales and marketing managed exclusively by Mushka Jacobson with Douglas Elliman.

For more information about 42 Pine, private showings or purchasing/ leasing information please fill out the form below:

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.

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

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Elysee Reports $30 Million In Sales As Tower Nears Completion This Fall In Edgewater

Two Roads Development plans to deliver their Elysee condo tower in the next 60 days so that residents can enjoy their new home in time for winter as the COVID-19 pandemic and a fast-approaching winter season has sparked demand for South Florida property from northeast buyers. Buyers are now prioritizing space and privacy, with Elysee set to deliver in the next couple of months, the building has stood out among buyers who prefer the convenience of living in a boutique, fully-serviced condo over owning a home. 

The project’s sales team, Douglas Elliman Development Marketing, is also reporting that the tower is over 75% sold with over $30 million in new contracts since the 649-foot, 57-story tower topped off construction at the end of last year, with domestic and international buyers about equally represented. The boutique condo tower offers only 100 half-floor and full-floor units with remaining residences priced from about $1.9 million to approximately $10 million. The condominium is slated to become the tallest residential building in Miami’s Edgewater neighborhood upon its completion this fall.

“Now more than ever, buyers want space,” said developer Reid Boren, managing partner of Two Roads Development. “We’re seeing many prospects, especially those coming from dense cities in the northeast, who are attracted to Elysee’s boutique model, expansive floorplans and walkable location just a short bike ride away from Miami’s best waterfront parks and beaches. With the building’s completion on the horizon, we’re excited to be welcoming our residents home later this fall.”

Designed by Arquitectonica principal Bernardo Fort-Brescia, Elysee’s telescopic design and three-tiered façade ensures that all residents will enjoy 180-degree bay and city views. Located at 788 NE 23rd Street, fronting Biscayne Bay, the property enjoys one the area’s most coveted waterfront locations, and is destined to take its place among Downtown Miami’s most iconic buildings in the changing cityscape. Elysee’s interior common spaces are designed by Parisian designer Jean-Louis Deniot, acclaimed by ELLE Decor and Architectural Digest as one of the world’s preeminent talents in architecture and interior design.

“We are continuing to experience a strong demand in the Miami market from discerning buyers who want to take advantage of the year round weather and tax benefits,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Elysee has shown a tremendous amount of activity for buyers looking to luxury new construction that provides ample space, without the maintenance of a single family home. We look forward to the ongoing success as the building comes closer to completion.”

Residences at Elysee range in size from 2,200 and 6,600 square feet, with a choice of three- to six-bedroom layouts. All will feature private elevators and foyers, ceilings of 10-feet or higher, impact-resistant glass windows and sliding doors, and customized Waterworks® master bathroom fittings and fixtures. Gourmet kitchens sport ItalKraft® cabinetry, Wolf® gas ranges and professional grade Sub-Zero® appliances. Expansive east- and west-facing terraces frame unparalleled sunrise and sunset views.

Elysee residents will enjoy access to three full floors of amenities. At the Grand Lobby level, these will include an elegant marble lobby and living room area, bayfront lounge and waterfront sunrise pool. The building’s seventh-floor amenity level will offer a resort-size sunset pool; fitness center and yoga studio; blow-dry bar; children’s playroom; and a spa with private sauna, steam and massage rooms. The Sky Level, encompassing the building’s entire 30th floor, invites large-scale entertaining with a Grand Salon lounge and bar area, Grand Dining Room with seating for up to 24 guests, catering facility and chef’s table, library, private screening room, and media room.

Last summer, Two Roads Development announced the sale of the tower’s raw/unfinished 11,600 square foot, three-story penthouse, which sold for a record $12.8 million, marking it the highest price paid for a private residence in the city’s Edgewater enclave.

Renderings via Two Roads Development

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