Arquitectonica-Designed 42 Pine Tops Off Luxury Boutique Condo In Miami Beach

The Arquitectonica-designed 42 Pine, the highly anticipated boutique residential building at the nexus of iconic Pine Tree Drive and 42nd Street, has topped off, marking a milestone along its timeline for completion, which is estimated for Q1 2024. The eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. The project secured $35.5 million in financing from BridgeCity Capital to begin building last year. Limited residences remain with prices ranging from $700,000 to $3,000,000.

“The pace of construction is impressive, and we are proud to be involved in a project that brings a new level of luxury to the area,” said Allan Lebovits, CEO of BridgeCity Capital. “This is a unique opportunity in a highly coveted pocket of Miami Beach, and the sales velocity to date is a testament to the strong demand for new luxury residences.”

The first full-service boutique condominium in the area offers 50 turnkey residences ranging from one to four bedrooms, including eight penthouses, meticulously crafted to deliver a bespoke lifestyle rooted in community and convenience. Spanning 700 square feet to 2,700 square feet for combined units, each elegantly appointed residence is delivered ready to be occupied, with Arquitectonica-designed interiors intended to maximize space and build a connection to the outdoors. Sweeping floor-to-ceiling windows and doors usher in an abundance of natural light, and private terraces with glass railings provide a seamless indoor/outdoor living experience.

“42 Pine is a defining project in one of Miami Beach’s most dynamic and walkable neighborhoods,” said Jay Phillip Parker, Chief Executive Officer of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “We are excited to be another step closer to delivering these unparalleled residences and their luxury lifestyle, which will set the precedent for new development around storied 41st Street.”

Residents will enjoy a host of resort-style amenities and services for every age. Thoughtfully curated indoor and outdoor spaces include an amenity deck with a 52-foot 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, media lounge, large outdoor terrace, and children’s play room. A dedicated team is available to anticipate residents’ every need, including concierge, doorman, valet, and porter service.

Located in one of the most sought-after residential neighborhoods in Miami Beach, at 340 W 42nd Street, residents can enjoy access to the beach, top-rated schools, fine-dining, houses of worship and boutique shopping experiences, all within walking distance.

Sales and marketing is exclusively managed by Mushka Jacobson with Douglas Elliman.

Images via Golden Dusk Photography | Renderings via 42 Pine

SB Development And Hazelton Capital Group Launch Kobi Karp-Designed Cove Miami Waterfront Condo in Edgewater

New York-based development firm SB Development and Hazelton Capital Group have launched sales for Cove Miami, a boutique waterfront condominium in Miami’s fast-growing Edgewater neighborhood. The new development marks the latest addition to SB Development and Hazelton Capital Groups’s impressive portfolio and their first project in Miami. The luxury waterfront project is expected to occupy approximately 450,000 square feet and rise 40 stories high, featuring 116 units ranging from 2 to 4 bedrooms with prices starting at $1.3 million to over $3 million. OneWorld Properties serves as the exclusive sales and marketing team.

“We’re elated to deliver Cove Miami to the Edgewater neighborhood as our first residential real estate project in Miami,” said Joseph Stern, Partner and Co-founder of SB Development. “Throughout the last several years, we have monitored the growth in Miami and identified this neighborhood as the next go-to destination for those seeking waterfront living in the heart of Miami. We are immensely proud to introduce a high-end boutique waterfront condominium that caters to the needs of residents. We aim to build a sanctuary that not only attracts our buyers but also enhances the allure of this lively and highly desirable location, ultimately contributing to the area's transformation into a hub of luxury living.”

Kobi Karp and Dieguez Fridman collaborated in designing the architecture, while the interiors were curated by Dieguez Fridman. The residences themselves boast expansive floor-to-ceiling windows for unobstructed views of Biscayne Bay, the Atlantic Ocean, and the entire city of Miami, and spacious living areas for residents to relax in tranquility. Cove Miami offers direct access to the Biscayne Bay boardwalk and a floating dock for waterfront sports. Situated between Downtown Miami and the Design District, Edgewater is the perfect location for those looking for an urban setting that offers a blend of city living and waterfront lifestyle. Having developed tremendously in the past few decades with the mass arrival of new construction condominiums, Edgewater has quickly become one of Miami’s most desired residential neighborhoods.

"Edgewater has become an exclusive residential destination that has caught the attention of developers across the country," stated Peggy Olin, President and CEO of OneWorld Properties. "The area offers a unique fusion of urban and waterfront living, creating a vibrant residential hub that combines the best of both worlds. Cove Miami embodies the essence of a sophisticated boutique lifestyle, providing residents with ample space and privacy to unwind in the center of it all. With growing interest from developers in New York, Cove Miami has the potential to transform the vibrant city of Edgewater. We are thrilled to introduce Cove Miami and believe it will redefine this thriving community.”

Cove Miami offers an array wellness amenities including a state-of-the-art fitness center with a spin auditorium, a yoga room, a spa with a cold plunge, massage rooms, hammam, a sauna, resort-style infinity pool, private cabanas, an outdoor meditation zen garden, a rooftop summer kitchen with grills, and a rooftop bar, a business center with co-working spaces, conference room, and private offices with a terrace. For more private events, Cove Miami provides a private dining room with a chef's kitchen, as well as an owner's lounge with wine storage.

Additionally, Cove Miami offers a wide range of luxurious and convenient amenities for residents to enjoy. An attended lobby with a lounge welcomes residents and guests, while valet parking with electric vehicle charging capability ensures convenience and promotes sustainability. The development features a waterside restaurant, offering a peaceful setting to savor a meal while admiring the beautiful surroundings of Biscayne Bay. For entertainment, residents can take advantage of the theater and performance entertainment room, game and billiards room, and children's playroom.

Renderings via SB Development

Todd Michael Glaser And Partners Buy Palm Beach Penthouse Atop Tiffany & Co. On Worth Avenue For $15.5 Million

Spec home developer Todd Michael Glaser and his partners have closed on the penthouse on top of the Worth Avenue Tiffany & Co. building in Palm Beach for $15.5 million. The residence was delivered as an unfinished shell and the investors plan to complete the residence and list it at potentially $40 million. The penthouse occupies the buildings second floor and rooftop and spans 13,000+/- SF. The sellers were a JV between Fortress Investment Group, Hyde Retail Partners and Kean Development.

The original design called to offer five bedrooms, seven and a half baths, master suite, maid's quarters, three fireplaces, state of the art technology, elevator and a private rooftop overlooking panoramic views of Worth Ave. The rooftop’s distinctive exterior spa will boast an infinity edge swimming pool, sunbathing areas, putting green, outdoor bar, dining area and fire pit for the ultimate outdoor entertaining space.

The Tiffany & Co. building is located at 259 Worth Avenue and was purchased in late 2018 by the Fortress Investment Group, Hyde Retail Partners and Kean Development Joint Venture for $20 million before selling for $26.4 million in January 2021 to the London-based real estate investment firm Motcomb Estates.

W.A. Spencer Morris Named President of the Allen Morris Company

The Allen Morris Company (AMCO) one of the largest diversified real estate firms in the southeast, has named W.A. Spencer Morris, President. Morris was most recently Chief Investment Officer (CIO) for the organization. W. Allen Morris will retain title as Chairman & CEO.

Morris has been an integral part in furthering AMCO’s investment management division, along with its development business, and opening new lines of business such as AMS Hospitality.  

In his new role, he will oversee AMCO’s investment portfolio, now surpassing $1.5 billion, projects under construction and $2.5 billion in new pipeline development opportunities. Morris will continue to serve on the Board of Directors of AMCO and AMS Hospitality.

“Spencer (Morris) has proven that he can successfully engage with every division of our enterprise,” said W. Allen Morris, Chairman & CEO of the Allen Morris Company. “We are in a significant stage of growth at AMCO, and I am very much looking forward to working with Spencer in his new role.”

The multi-faceted Allen Morris Company has several projects throughout Atlanta, Central Florida and South Florida, and is currently looking at new opportunities throughout the Southeast. 

“Having grown up watching my grandfather and father run the Allen Morris Company – it is with great pride that I will serve in this role,” said W.A. Spencer Morris. “During my leadership, I look forward to building on the Company’s rich tradition of many ‘firsts’ over its 64 years while continuing to evolve the business to meet today’s marketplace needs.” 

Morris was previously with The Related Group, where he served as Development Associate of the 58-story, 1.3 million square foot SLS LUX-Brickell hotel and condominium as well as other projects.

Morris received his Bachelor of Science degree in Liberal Arts from Boston University. 

Allen Morris Company is one of the largest real estate firms in the Southeast U.S., completing their 85th development project and specializing in office buildings, multi-family residential, hotels, mixed-use developments, leasing and brokerage, and property management. With offices in Miami and Atlanta, the Allen Morris Company has served its business and investment clients for 64 years. For more information, please visit www.allenmorris.com, or follow AMCO on Instagram at @allenmorrisco.

Master Brokers Forum Listing: Step Inside This $25 Million Coconut Grove Waterfront Mediterranean Estate

Master Brokers Forum: Master Brokers Forum member Roberta Ingletto presents this spectacular Mediterranean waterfront home with incredible views of Biscayne Bay, perfectly situated on a quiet street with a gated entrance in Coconut Grove. Features of this six bedroom/five and one-half bathroom home include a chef's kitchen with a marble island, two refrigerators, gas range, top-of-the-line appliances, two large wine storage cabinets, custom millwork throughout the home, a movie theater, a detached two-bedroom guest house, and a three-car garage. The spacious primary bedroom includes a sitting area, private balcony with beautiful bay views, two large walk-in closets, and a spa-like bathroom with an expansive walk-in shower, a separate tub, and double vanities. Outdoor highlights include a brand-new private dock, infinity pool, covered summer kitchen, and 70 feet of water frontage.

1940 South Bayshore Ln. is currently listed for $25,000,000 with Roberta Ingletto of RGI Realty, who can be reached at (305) 778-7343 and/or roberta@rgirealty.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

This article was made in partnership with Master Brokers Forum

MG Developer Acquires 33 Alhambra Circle In Downtown Coral Gable, Plans New Luxury Condominium Alhambra Parc

MG Developer, one of the most active developers in Coral Gables, has acquired a parcel of land at 33 Alhambra in Coral Gables’ Northside entrance and has announced plans to build a new mixed-use condominium community. Named Alhambra Parc, the project will feature with 33 luxury condominiums and retail on the ground floor. This acquisition was made in partnership with VYV, a real estate development group with headquarters in Peru, that also partnered with MG Developer to build Gables Village.

“VYV is grateful and feels very proud of the joint venture that it has built with MG and our plans are to grow in South Florida with the support of MG,” said Cesar Paniagua, Director of VYV.

Knighthead Funding, LLC, a private mortgage lender based in New York, provided the loan. Executive Directors Jeffrey Donnelly and Dmitry Levkov of Colliers International financed this project.

“We are truly proud to further our partnership with MG Developer and VYV for this second site in Coral Gables,” said Brian Sullivan, Vice President of Knighthead Funding, LLC. “We are also very proud to be growing our portfolio of properties in South Florida.”

“We are excited to be partnering with Knighthead Funding for another project in Coral Gables,” said Alirio Torrealba, CEO of MG Developer. “We are grateful to our partners for trusting in our vision for the City Beautiful, and our commitment to elevate the City with each and every project we build,”

The new development will rise close to Downtown Coral Gables’ financial district and will be in walking distance to Giralda Plaza and several restaurants, shops and entertainment venues.

The acquisition further anchors MG Developer’s presence in Coral Gables. Alhambra Parc will complement the existing Biltmore Square enclave, and Gables Village which is in its pre-sale phase and has a new sales gallery is located at 2990 Ponce de Leon Boulevard, Suite 101. When completed in 2024, Gables Village will consist of duplexes, townhouses, and condominiums and integrate gardens and courtyards throughout an entire block, with 50 percent of the site to include lush landscaping and hidden parking garages.

The Standard Residences, Midtown Miami Now 70% Reserved, Hosts Cocktail Celebration At Sugarcane

The Standard Residences, Midtown Miami is now 70% reserved and celebrated in style overlooking the building’s future site from SUGARCCANE raw bar grill. The exclusive cocktail event was hosted by developer Carlos Rosso, Urban Robot Associates’ Giancarlo Pietri and Naturalficial’s Andres Arcila, showcasing the energy, culture, community and style that The Standard brand is known for. The evening was attended by top real estate and hospitality leaders in Miami who enjoyed The Standard’s custom cocktails, sushi and hors d'oeuvres.

The Standard Residences, Midtown Miami is the first true pied-à-terre-style project to be developed in Miami. The project is being developed by hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Midtown Development. The 12-story property blends culture, community and style with the world-class design, amenities and service that The Standard brand is known for–which to date has only been available at its hotels.

Located in the heart of Midtown, Miami’s most walkable neighborhood, the building is centrally positioned between The Design District and Wynwood and will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms. The Standard Residences, Midtown Miami has tapped the industry’s best talent for this debut, including architecture by award-winning Arquitectonica, interiors by Urban Robot, and Naturalficial for landscape design.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors including a lushly landscaped rooftop 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. 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.

Sumaida + Khurana and Bizzi & Partners Reveal 'THE FIFTH MIAMI BEACH' Class A+ Office Designed By Spanish Master Architect Alberto Campo Baeza

Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, have received approval from the City of Miami Beach to proceed with the construction of a new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza. The project is named THE FIFTH MIAMI BEACH and it will be Baeza’s first commercial building in the United States. Sumaida + Khurana is led by Founding Partners Saif Sumaida and Amit Khurana. Bizzi & Partners is led by CEO Davide Bizzi and Managing Director Alessandro Pallaoro, the firms expect to start construction imminently.

"We are very fortunate to have received unanimous design approval by the Historic Preservation Board of Miami Beach in less than one year since we acquired the property. We have treated THE FIFTH MIAMI BEACH as a labor of love and greatly appreciate how positively the City has responded to the design of our project. The collaboration among multiple world-class team members and stakeholders in Miami Beach has been extremely rewarding. We are excited to deliver a very special building that provides an exceptional offering to our tenants and the community," said Saif Sumaida, Founding Partner, Sumaida + Khurana.

The firms have tapped global commercial real estate firm Cushman & Wakefield to lead their leasing efforts. The building is ideally situated at the entrance to Miami Beach from the MacArthur Causeway, located in the exclusive enclave of South of Fifth, at the corner of Michigan and Fifth Street. The Class A+, LEED Certified office building will seek to take an innovative approach by delivering on the singular quality, craftsmanship and architectural pedigree that Sumaida + Khurana and Bizzi & Partners are renowned for delivering on their residential condominium projects.

“The pandemic has completely changed the relationship between employees and the built office environment. With THE FIFTH MIAMI BEACH, we have an exciting opportunity to set a new benchmark for modern office development by creating a dynamic ecosystem for tenants that is focused on both work and well-being by incorporating extensive wellness amenities within an architectural masterpiece designed by one of the world's great master architects, Alberto Campo Baeza, with an elevated interior design concept by the renowned architectural firm, Gabellini Sheppard Associates," said Alessandro Pallaoro, Managing Director, Bizzi & Partners.

World-renowned architecture firm, Gabellini Sheppard Associates is designing the interiors, award-winning firm Cube 3 is the executive architect and Miami-based Urban Robot Associates is the project’s landscape architect.

The project will be akin to an exquisite jewel box, wrapped in glass, white marble and white concrete. The biophilic design approach incorporates many elements that bring the outdoors inside and also provides expansive spaces that are ideal for tenants to design creative work environments. The building features a monumental marble lobby with 35-foot ceiling heights, 14-foot ceilings throughout office floors, open and flexible floorplans, floor-to-ceiling windows and every office includes expansive private outdoor terraces. Located in the center of the building is a large outdoor atrium that opens up all of the offices to a dramatic experience of light, air, and outdoor space. In addition, the building features multiple amenities for tenants to share including a private landscaped rooftop with expansive, unobstructed water views. This offering will be further complemented by a state-of-the-art fitness center and spa, multiple food and beverage options, and valet parking. The building will also offer advanced air quality and filtration systems that will be part of the focus on sustainability and health.

Based in Spain, Baeza has been widely recognized for his work including winning his country’s National Prize for Architecture in 2021. Some of his notable projects include the Houses Turégano and de Blas, both in Madrid, the Gaspar House, Asencio House in Cádiz, the Olnick Spanu Museum in Garrison, New York, the BIT Center in Inca-Mallorca, the Museum of Memory of Andalucía in Granada. In 2020, he won the competition to design a new bridge over the Piave River in Belluno, Venice.

Sumaida + Khurana is led by Founding Partners Saif Sumaida and Amit Khurana. Bizzi & Partners is led by CEO Davide Bizzi and Managing Director Alessandro Pallaoro. Both firms are individually known the world over for developing some of the most significant real estate projects in the world, collaborating with critically acclaimed and architects and designers. New York-based Sumaida + Khurana collaborated with Pritzker Prize winning architect, Tadao Ando to design 152 Elizabeth Street, as well as Pritzker Laureate, Alvaro Siza for 611 West 56th Street. Bizzi & Partners, which has offices in New York, Milan, São Paulo, and Tallinn, worked with Pritzker Prize winning architect Renzo Piano to design both 565 Broome SoHo in Manhattan and Eighty Seven Park in Miami. The firm also developed the Langham Hotel in New York, designed by Charles Gwathmey.

SHVO Reveals Norman Foster-Designed Class A Office On Alton Road And Lincoln Road

SHVO has revealed plans for a Foster + Partners-designed Class A office project at the former Epicure Gourmet Market & Cafe at the intersection of Alton Road and Lincoln Road. The project will rise five stories and will feature nearly 250,000 SF of total development at 1656, 1664, 1676 and 1680 Alton Road and 1677 West Avenue. Kobi Karp of Kobi Karp Architecture & Interior Design is working with Foster + Partners as the architect of record. The project was advanced following The Miami Beach Planning Board voting in favor of transferring city land known as Alton Ct, the back alley between Lincoln Road and 17th St. to the developer.

Foster + Partners is led by Pritzker Prize-winning architect Lord Norman Foster and also designed Faena House as well as the new Safra National Bank headquarters, at currently under construction at 3050 Aventura. SHVO, led by Michael Shvo, is also redeveloping the Raleigh Hotel on Collins Avenue into a Rosewood Hotels & Resorts-branded hotel and condo tower.

Renderings via Foster + Partners

THE ESTATE COMPANIES GRANTED SITE PLAN APPROVAL FOR SOLESTE POMPANO BEACH LUXURY MIXED-USE RENTAL COMMUNITY

The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.

“We are extremely excited to bring this project to the City of Pompano Beach and thank the city officials, planning and zoning board, and staff for their confidence and support,” stated Nicholas Diaz-Silveira, senior development associate at The Estate Companies. “This community-oriented development will provide a truly enhanced lifestyle experience for residents through our vast collection of luxurious amenities and social components at an attainable price point.”

Ranging in size from 450 to 1,050 square feet, Soleste Pompano Beach will include studio apartments, one- and two-bedroom units, and live-work units with a combination of residential and business space. A parking garage will include 367 spaces with another 11 parallel parking spaces at the ground level.

The Estate Companies is known for its Soleste Living brand portfolio of luxury multi-family rental developments throughout South Florida, all of which feature health and wellness offerings and social components. Soleste Pompano Beach will include a resort-style pool and amenity deck with fitness center on the sixth floor and public open space with a picnic area.

Soleste Pompano Beach is situated on one of South Florida’s main arteries, U.S. 1, just north of East Atlantic Boulevard, and in close proximity to many local attractions including the beach and a myriad of entertainment and dining options. The project is slated to break ground toward the end of Q3 2022.

The Estate Companies has numerous other projects in various stages of development throughout the tri-county region including Hialeah, Spring Gardens, North Miami Beach, Hollywood, Dania Beach, Riviera Beach, and West Palm Beach.