Waterfront Home On Miami Beach's La Gorce Island Sells For $62.5 Million
A new construction waterfront home set on the exclusive La Gorce Island has sold for $62.5 million. Located at 98 La Gorce Circle, the contemporary villa was designed by Choeff Levy Fischman and developed by Philippe Harari’s Aquablue Group.
A new construction waterfront home set on the exclusive La Gorce Island has sold for $62.5 million. Located at 98 La Gorce Circle, the contemporary villa was designed by Choeff Levy Fischman and developed by Philippe Harari’s Aquablue Group. Mirce Curkoski & Albert Justo with The Waterfront Team at ONE Sotheby's International Realty represented the seller; the buyer was represented by Jill Eber with The Jills Zeder Group.
The home achieved LEED Gold-Certification and spans 7 bedroom, 10 full bathrooms and 3 half bathrooms, situated on an expansive 31,800-SF property overlooking the water. The contemporary design features an abundance of water features, imposing entrance in bronze, book-matched travertine & Japanese white oak. The unrivaled interior with finishes in leather, marble & luxurious wall coverings handcrafted by Italian artisans. The home also features a 1,800 SF master suite, large rooftop, expansive terraces, gym & spa, home theatre, office, chef’s kitchen, Crestron smart home system, entertaining areas and a marble wine cellar. Outdoors features an 88’ long cascading infinity-edge pool/jacuzzi, outdoor kitchen and fire pit; as well as a dock for large yacht.
The Perigon Reveals First Look At New Renderings of Sprawling Lush Oceanfront Property
The Perigon, an iconic diamond-shaped luxury condominium tower designed by international architecture firm OMA, has revealed a first look at the 2.5 acres of prime oceanfront land at The Perigon in Miami Beach. Never-before-seen renderings perfectly illustrate how the entirety of the ground plane, featuring lush greenery by Gustafson Porter + Bowman.
The Perigon, an iconic diamond-shaped luxury condominium tower designed by international architecture firm OMA, has revealed a first look at the 2.5 acres of prime oceanfront land at The Perigon in Miami Beach. Never-before-seen renderings perfectly illustrate how the entirety of the ground plane, featuring lush greenery by Gustafson Porter + Bowman, an oceanfront pool and private beach club, has been designed as a private oasis for residents to meander through the nature trails encircling the tower, relax in the sun and enjoy poolside dining services curated by Michelin-starred Chef Shaun Hergatt, and foster an intimate connection to South Florida's balmy environment.
Since vast acreage is a rare standout feature scarcely found in other waterfront high rises, the 73-residence tower was meticulously designed by OMA to appear to "float" above the ground. The resulting first level space augments The Perigon's array of five-star amenities centered around fostering a connection to the balmy environment, which includes a private beach club overlooking the sands below, pristine swimming pools lined with cabanas and expansive gardens encircling the entirety of the property. Gustafson Porter + Bowman, the landscape architecture firm responsible for the Eiffel Tower's green spaces, designed The Perigon's gardens to feature a meandering nature trail, secret alcoves, water features and diverse biomes that include distinct plant families in every corner to facilitate a peaceful, dynamic experience throughout the grounds.
The 17-story building features a bold, terraced design that rises 200 feet above the shoreline and offers 1,250 lineal feet of the tower’s gardens. Conceived as a series of diamond-shaped “towers” rotated to orient and optimizes views from all residences toward the Atlantic Ocean, Biscayne Bay, and the Miami skyline. The design for the interlocking towers will obtain LEED Gold certification when completed.
Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean at 5333 Collins Avenue, The Perigon is slated for completion in 2026. The tower offers 73 two- to four-bedroom condominiums ranging from 2,100 to 6,700 square feet, with eight private guest suites offered to residents only. Starting at $4.15 million, the residences include the highest quality finishes, direct water views, 10-foot ceiling heights and 10- to 12-foot-deep wraparound balconies. Additional amenities at The Perigon include a private oceanfront restaurant with a five-star chef at the helm, an oceanfront swimming pool with cabanas, a terraced fitness center with water views, as well as a children’s playroom, billiards room, private salon, screening room and more.
The Perigon is a joint venture between Mast Capital, one of South Florida’s most active real estate development and investment firms, and Starwood Capital Group, a leading global private investment firm. Sales and marketing are exclusively managed by Douglas Elliman Development Marketing.
Key International Reveals Plans For Iconic Skidmore, Owings & Merrill (SOM)-Designed Brickell Office Tower
Key International, led by Inigo and Diego Ardid, has proposed concepts to redevelop the firm’s 848 Brickell office building into Miami’s most iconic class-A office tower. Long-time owners of the existing building, Miami-based Key International enlisted the acclaimed and lauded architectural firm, Skidmore, Owings & Merrill (SOM), known worldwide for their peerless designs, including the Burj Khalifa in Dubai.
Key International, led by Inigo and Diego Ardid, has proposed concepts to redevelop the firm’s 848 Brickell office building into Miami’s most iconic class-A office tower. Long-time owners of the existing building, Miami-based Key International enlisted the acclaimed and lauded architectural firm, Skidmore, Owings & Merrill (SOM), known worldwide for their peerless designs, including the Burj Khalifa in Dubai and One World Trade Center in New York City. 848 Brickell’s new tower will combine groundbreaking architecture, best-in-class amenities and an emphasis on wellness-oriented programming, setting an unprecedented standard for Miami's corporate landscape.
“It’s no secret that Miami is craving exemplary Class-A office space, but the plans for 848 Brickell will surpass national expectations,” says Diego Ardid, co-president of Key International. “The innovative architectural design will elevate the Miami skyline and the building amenities will be in a class of their own. 848 will truly redefine the notion of ‘coming to work’ in Miami."
Designed as a beacon of architectural excellence, 848 Brickell will propel the city’s transformation into a global commercial hub. The site for the 50-story skyscraper is strategically nestled in the heart of Miami's coveted Brickell neighborhood, steps away from Brickell City Center, and an abundance of world-class dining and retail establishments.
848 Brickell is conceptualized to capture the growing market for high-end office space in Miami with its bold design and wellness-focused programming. Featuring 750,000 square feet of office space, the tower will offer floor plan options that range in size from 19,000 square feet to 27,000 square feet. The dimensions of the floor plates will have optimized lease depths with column-free interiors. Catering to an array of different industries, from legal to tech, finance and more, the uses for the layouts are future-proofed and created to evolve alongside workplace planning trends. Additionally, the building will follow the principles of LEED and WELL rating systems, focusing on both environmental efficiency and occupant well-being. This commitment to health and wellness can be seen in the residence-like balconies which encourage continuous connection to the outdoors. The 40,000 square-foot amenity level will also feature outdoor meeting spaces and lounges, a best-in-class gym, an outdoor walking path, and two regulation-sized Padel courts.
Key International is a global real estate development and investment firm with a strong presence in Florida, Spain and Portugal. Since its inception in 1970, the company has been involved in over $8 billion of diversified real estate transactions, encompassing residential, lodging, office, retail and mixed-use developments. The company's portfolio includes the development of over 10 million square feet of property, comprising more than 6,000 residential units and over 3,300 hotel keys.
The firm has been a driving force in the growth of South Florida’s real estate market as developers and owners of high-profile properties including the Eden Roc Resort Miami Beach, the Marriott Stanton Hotel South Beach and the 848 Brickell Avenue office building. Key International has also led the way as developers of marquee residential projects throughout Florida, including 1010 Brickell, 400 Sunny Isles, Mint and Ivy on the Miami River, The Harbour, Parks at Delray and Waterways Luxury Apartments & Marina in St. Petersburg. As a family-run company, the firm prioritizes owning and operating long-term developments that are community centric and forward-thinking, with a goal of serving cities and inspiring growth.
Skidmore, Owings & Merrill (SOM) is a global practice of architects, designers, engineers, and planners, responsible for some of the world’s most technically and environmentally advanced buildings and significant public spaces. From a strategic regional plan to a single piece of furniture, SOM's designs anticipate change in the way we live, work and communicate, and have brought lasting value to communities around the world. The firm's approach is highly collaborative, and its interdisciplinary team is engaged in a wide range of international projects, with creative studios based across the globe. SOM is a net zero emissions business.
Renderings via Key International
Global Investment Management Firm Pretium Signs Lease At Eighteen Sunset In Miami Beach's Sunset Harbour
Specialized investment management firm Pretium plans to open an office at Deco Capital Group’s Eighteen Sunset, a Class A office building being constructed at 1769 Purdy Avenue in Miami Beach. Pretium has leased 11,591 square feet on the fourth floor of the project, which together with other completed leases represents approximately 80% of all available office space at Eighteen Sunset.
Specialized investment management firm Pretium plans to open an office at Deco Capital Group’s Eighteen Sunset, a Class A office building being constructed at 1769 Purdy Avenue in Miami Beach. Pretium has leased 11,591 square feet on the fourth floor of the project, which together with other completed leases represents approximately 80% of all available office space at Eighteen Sunset. About 9,500 square feet in the building is still available. The project is currently rising after securing a $60 million construction loan last year.
“Miami Beach is excited to welcome Pretium to our community where our business assistance programs and incentives ease the ability of doing business, and our culture and lifestyle benefit business leaders, create jobs, and attract and retain talent,” shared Miami Beach Mayor Dan Gelber.
With more than 4,500 employees, Pretium has over $50 billion in assets under management across U.S. residential real estate, residential credit and corporate credit. Pretium’s Miami Beach office will span more than half of the fourth floor in the five-story building. The company will join a multibillion-dollar, publicly traded Toronto firm that signed a 20,000 square foot lease earlier this year. On the ground floor, Uchiko, a restaurant concept by award-winning Hai Hospitality group, will occupy approximately 6,000 square feet of space. Stephen Rutchik, executive managing director of Colliers International Florida, and Neil King, vice chairman of CBRE New York, represented Deco Capital Group in the transaction, and Daniel Posy, executive managing director of JLL New York, represented Pretium.
“Pretium is excited to be expanding its office presence to Miami, a region with a growing financial services community,” said Laura Cappiello, Pretium’s Chief Human Resources Officer. “Having an office in Miami will enable Pretium to attract and retain premium talent and broaden the pool of diverse candidates we seek to recruit.”
“Miami Beach has seen a significant increase in inbound investment, and the most fundamental change to the city’s economy has been the drive to develop Class A, best-in-class office space capable of accommodating the needs of preeminent global companies,” said Bradley Colmer, founder of Deco Capital Group. “Pretium operates from exemplary offices in international financial hubs and is proud to be one of the trailblazing companies relocating or expanding and establishing a more substantial presence in South Florida. Pretium is drawn to Eighteen Sunset for its quality design, prime waterfront location in the Sunset Harbour neighborhood and market-leading amenities and views.”
The City of Miami Beach has assisted a number of technology and financial services companies in expanding or relocating their operations after launching meaningful business incentive programs and business concierge services in 2021. Pretium participated in the city’s Expedited Plan Review and Permitting Program which offers an accelerated permitting review process of 10 business days. The city’s Job Creation Incentive Program offers an incentive of up to $60,000 per year for up to four years for businesses in targeted industries that create or relocate a minimum of 10 new, full-time jobs with average annual wages that meet or exceed 125% of Miami-Dade County or Florida average wages.
“It is really encouraging to see great companies, like Pretium and others, take advantage of Miami Beach’s programs and services,” affirmed Miami Beach City Manager Alina Hudak. “These programs were created to diversify the Miami Beach economy for the benefit of the entire community.”
Renderings via Eighteen Sunset
Mast Capital and Starwood Capital Group Launch The Perigon, Currently Miami-Beach's Only Beachfront Pre-Construction Condo
A JV between Mast Capital and an affiliate of Starwood Capital Group led by Barry Sternlicht has announced the launch of reservations at The Perigon, Miami Beach’s only pre-construction, ultra-luxury condominium directly on Miami Beach’s oceanfront. The Perigon will be the area’s first residential project designed by Rem Koolhaas’ OMA New York.
A joint venture between Mast Capital and an affiliate of Starwood Capital Group led by Barry Sternlicht has announced the launch of reservations at The Perigon, Miami Beach’s only pre-construction, ultra-luxury condominium directly on Miami Beach’s oceanfront. Designed by a team of the world’s most respected design luminaries, The Perigon will become one of the most recognizable buildings in the Mid Beach neighborhood, and will be the area’s first residential project designed by OMA New York, the internationally acclaimed firm founded by Rem Koolhaas.
Situated at 5333 Collins Avenue along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon was conceived as Miami Beach’s premier destination for oceanfront living. Its bold, terraced design rises 17 stories above the shoreline, and features elegant interiors by Tara Bernerd, the inimitable interior architect known for her hotel and private yacht projects. The tower also offers a seamless connection to nature, via lush gardens and serene water features envisioned by Gustafson Porter+Bowman, the landscape architecture firm responsible for redesigning the green space at the Eiffel Tower and delivering the powerful Princess Diana Memorial Fountain in London’s Hyde Park.
Featuring 82 residences, The Perigon offers spacious two- to four-bedroom residences designed by Tara Bernerd, with light-filled open floor plans ranging in size from 2,100 to 6,700 square feet. The estates in the sky include the highest quality finishes, direct water views, 10-foot ceiling heights, 10- to 12-foot deep wraparound terraces and custom Italian kitchen cabinetry designed by Tara Bernerd. They will blend the intimacy of a single-family villa with the vistas of a high-rise tower, taking advantage of the building location’s unique potential for dual-waterfront living.
The architecture at The Perigon is another key component to the condominium’s high-end lifestyle. OMA designed the building as a series of “towers,” rotated to orient and enhance views from all residences toward the Atlantic Ocean, while also optimizing views of Biscayne Bay and the Miami skyline overlooking Miami Beach. The towers are merged and lifted into a singular form that responds to the panoramic views and frees the ground-plane below, creating the appearance that the building is only gently touching the ground. The resulting reduced footprint maximizes space for the gardens below. The design for the interlocking towers will obtain LEED Gold certification when completed.
The Perigon will feature world-class service and unrivaled amenity spaces that embrace its tranquil setting on the water. An oceanfront restaurant, speakeasy-style bar and a conservatory with a daily breakfast bar will be exclusively available to residents, and a sunrise lounge and terrace will be accessible for events and entertaining. Residents can enjoy a beachfront swimming pool and hot tub, and a fully landscaped deck complete with cabanas and sunbeds. Other amenities include a spa with sauna and treatment rooms, ocean view fitness center, children’s playroom, private salon, screening room, wine room, guest suites and a dramatic double-height lobby lounge. The spaces will be activated by a dedicated lifestyle concierge and residential butler. Residents can also take advantage of 24-hour security, valet, house car, pool and beach service, in-residence dining and more.
Situated in the Mid Beach neighborhood, residents at The Perigon will be at the center of the city and its most exciting offerings. Perfectly balancing relaxation and exploration, the quiet enclave adjacent to the famous La Gorce Country Club offers the luxury of privacy, as well as close proximity to major art and cultural institutions like the Bass Museum and famous shopping destinations like Bal Harbour Shops. Residents enjoy the city’s iconic Art Deco architecture, annual events like Art Basel Miami Beach that attracts thousands of visitors to the city and some of the best new restaurants in the area.
Pricing will start at $3 million, with construction expected to complete in 2025. Sales and marketing for The Perigon is exclusively handled by Douglas Elliman Development Marketing.
Images via Binyan Studios
For more information about The Perigon, private showings or purchasing/ leasing information please fill out the form below:
Deco Capital Group Breaks Ground On Eighteen Sunset In Miami Beach's Sunset Harbour Neighborhood
Deco Capital Group has broken ground on Eighteen Sunset, the newest mixed-use development coming to Miami Beach’s Sunset Harbour neighborhood. The five-story, mixed-use building will feature street-level retail and restaurant space, two floors of Class A+ offices, and an exclusive top-floor home in the sky with a private rooftop deck.
Deco Capital Group has broken ground on Eighteen Sunset, the newest mixed-use development coming to Miami Beach’s Sunset Harbour neighborhood. The five-story, mixed-use building will feature street-level retail and restaurant space, two floors of Class A+ offices, and an exclusive top-floor home in the sky with a private rooftop deck. Rising at 1769 Purdy Avenue, construction of Eighteen Sunset broke ground on November 4, 2021, during a ceremony involving the development’s partners, city officials including, and community stakeholders.
Situated between Purdy Avenue and Bay Road – overlooking Biscayne Bay and Maurice Gibb Park – Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail, fitness and dining destinations. Designed by Domo Studio, the project is estimated to be completed by Spring 2023 and will pursue LEED® Gold certification for energy efficiency. The project marks ORIGIN Construction’s third ground-up development to rise in Sunset Harbour, a meaningful neighborhood in the firm’s vast project portfolio.
“As Miami Beach experiences an influx of capital and investment from domestic and international sources, we are thrilled to begin construction of Eighteen Sunset. This development will meet demand for office, retail and residential space in one of South Florida’s most dynamic and walkable neighborhoods,” says Deco Capital Group Founder Bradley Colmer. “Eighteen Sunset will be the perfect complement to Sunset Harbour’s sought after commercial and residential assets, and we’ve assembled a first-rate design and construction team to see the development through.”
Deco Capital Group has selected ORIGIN Construction as the development’s general contractor. Throughout its history, ORIGIN has built and transformed more than 10 million of square feet of commercial real estate, ranging from commercial offices and retail shops, to restaurants, hotels and medical offices. The company is led by a team with a 20-year track record focused on core business lines of commercial workplaces, retail and restaurant interiors, boutique hotels and medical offices. The firm’s high-profile projects include Facebook’s Miami office, Porsche’s Latin American Headquarters, the Prada store in the Design District, and Pipeline Workspaces co-working locations across Florida.
“Eighteen Sunset combines two of ORIGIN Construction’s core capabilities on a larger scale with office and retail,” said John Wood, ORIGIN Construction co-founder. “This is a special opportunity for ORIGIN to further solidify its presence in the market and deliver a unique mixed-use space for best-in-class office and retail tenants.”
Eighteen Sunset’s third and fourth floors will be comprised of approximately 40,000 square feet of Class A-plus office space featuring thirteen-foot ceilings, expansive exterior deck spaces, an architectural overhang, and floor-to-ceiling windows, with Sunset Harbour’s stylish mix of shops and eateries just steps away. Office tenants will also have secure parking on the building’s second floor.
The crown jewel of Eighteen Sunset is a penthouse residence featuring more than 15,000 square feet of interior space as well as a breathtaking rooftop pool deck. All told, the residence comprises approximately 30,000 square feet of private indoor and outdoor space, including a pool and hot tub, outdoor dining room, expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, Downtown Miami, and evening sunsets to the west.
Eighteen Sunset’s ground floor totals approximately 17,000 square feet of high-visibility, rentable commercial space, split into four areas ranging in size offering retail and restaurant concepts a selection of spaces to choose from. A central breezeway and cantilevered sidewalk cover will feature expansive outdoor covered sidewalk and breezeway spaces designed to encourage community wellness.
The Eighteen Sunset residential penthouse is listed with Oren Alexander of Douglas Elliman, the retail leasing is being overseen by Sara Wolfe of Koniver Stern and the office leasing is being overseen by Stephen Rutchik of Colliers International.
Hedge Fund Mogul Steven Cohen's Point72 Asset Management Signs Lease At Nuveen's 701 Brickell
Point72 Asset Management, a hedge fund led by legendary hedge fund mogul and owner of the New York Mets, Steven Cohen, has signed a lease at Nuveen Real Estate’s 701 Brickell office tower. Point72 Asset Management, which has over $20 billion in assets under management, leased 9,000 SF in the 33-story, 648,708 SF building.
Point72 Asset Management, a hedge fund led by legendary hedge fund mogul and owner of the New York Mets, Steven Cohen, has signed a lease at Nuveen Real Estate’s 701 Brickell office tower. Point72 Asset Management, which has over $20 billion in assets under management, leased 9,000 SF in the 33-story, 648,708 SF building. The Cushman & Wakefield team led by Brian Gale, Andrew Trench and Ryan Holtzman represented Nuveen in the deal while Point72 was represented by Mitchell Millowitz and Neil Goldmacher of Newmark. The Stamford, Connecticut-based firm is also opening an office at 360 Rosemary in West Palm Beach.
701 Brickell spans offers views of Biscayne Bay and features modern, sophisticated amenities and services including 24-hour state-of-the-art security measures, on-site management, private fitness center, conference facility, full service beauty salon, and a covered parking garage. The building is LEED Gold Certified, Energy Star Rated and a USGBC LEED Gala Verde Award Winner.
Point72 Asset Management was founded in 2014 after SAC Capital converted its investment operations into a family office in 2014. In 2018, the firm reopened to outside investors following a two-year ban against managing outside capital. Point72 Asset Management currently has over 1,650 employees and 12 global offices including in New York City and San Francisco.
The announcement comes on the heels of private equity and venture capital heavyweights Thoma Brown, Founders Fund and Atomic all signing leases to move to Miami. Miami Mayor Francis Suarez has aggressively used Twitter to launch a viral effort to attract financial and technology firms from New York City and Silicon Valley. Goldman Sachs has reportedly been mulling moving a portion of their company to South Florida along with the New York Stock Exchange. Colony Capital, Elliott Management Corp., Blackstone, Virtu Financial, Boston Private, Florida Funders, Novo, Palm Drive Capital, Wealthspire Advisors and Citadel have all moved to South Florida, have opened or are in the process of opening and office.
Miami Design District Becomes The First Neighborhood In The World To Achieve LEED Gold Certification
The Miami Design District has achieved the prestigious LEED Gold certification, becoming the first neighborhood in the world to achieve the Gold level (LEED ND: Built v4 Gold). Miami Design District marks the third neighborhood in the world to achieve LEED certification.
The Miami Design District has achieved the prestigious LEED Gold certification, becoming the first neighborhood in the world to achieve the Gold level (LEED ND: Built v4 Gold). Miami Design District marks the third neighborhood in the world to achieve LEED certification, which means “Leadership in Energy and Environmental Design,” for Neighborhood Development (version 4 Built). The trendy, luxury shopping, art and entertainment enclave is setting the bar for sustainable development in communities across the country.
Miami Design District is home to a number of luxury fashion houses, art galleries, fine dining experiences, and cafés. The open-air, pedestrian-friendly neighborhood, known for its many distinct and artistic façades, notably boasts a highly energy-efficient infrastructure.
Amongst the many sustainability aspects of the neighborhood’s redevelopment focus, several to highlight include: the re-infiltration of rainwater and restored natural hydrology made possible by the additions of expansive vegetated and high-albedo white roofs and tree-shaded streets, enhanced walkable streets and pedestrian walkways that promote community connectivity and encourage visitors to spend more time outdoors, and the integration of innovations from other Green Building Standards, including the WELL's feature "Beauty and Mindful Design," which incorporates different design elements and artwork that lend to a more calming environment.
In 2011 Island Planning Corporation (IPC) was brought in by DACRA and L Catterton Real Estate to design the Landscape Masterplan for the neighborhood. Miami Design District was inspired by the worlds leading shopping districts including Fifth Avenue and Rodeo Drive. IPC helped to establish a sophisticated visual continuity throughout the neighborhood, with mature canopy-covered streets and walkways, sculptural specimen trees, and extensive rooftop gardens.
Spinnaker Group, one of the most respected leaders in the green-building movement, provided LEED for Neighborhood Development consulting and energy modeling for this distinctive project, marking the neighborhood’s 4th earned LEED certification. Spinnaker Group also provided LEED Consulting, Building Commissioning and Energy Modeling for three other landmark projects within the Miami Design District including the Garden Building, featuring an intensive rooftop garden lounge designed by Island Planning Corporation (LEED Gold certified in 2013) - Palm Court, featuring underground parking to allow for a large open courtyard above for pedestrians and artwork, such as the Buckminster Fuller’s futuristic Fly’s Eye Dome (LEED Gold certified in 2015) - and most recently, Paradise Plaza, featuring intensive green roofs and underground parking with a large plaza above for pedestrians and artwork (LEED Gold certified in 2020).
Magellan Development Group Sells The LEED Certified Midtown Five Multifamily For $154.35 Million
The Chicago-based Magellan Development Group has sold the Midtown Five multifamily asset that they developed in Midtown Miami for $154.35 million, roughly $358,875 per unit. The buyer was an entity tied to the New York-based Sterling Equities.
The Chicago-based Magellan Development Group has sold the Midtown Five multifamily asset that they developed in Midtown Miami for $154.35 million, roughly $358,875 per unit. The buyer was an entity tied to the New York-based Sterling Equities, led by the Wilpon and Katz families. The LEED-certified Midtown Five broke ground in 2015 and was completed in 2017. The multifamily building features 400 apartment units on a 1.6-acre site. Units range from studio to three-bedroom floor plans and 540 to 1,500 square feet with pricing starting from $1,953 per month for a studio. In total Midtown Five features 701,056 of total development spread over 24-stories. Amenities include a pool, spa, fitness center, yoga lawn, meditation garden, dog run, business center, and game room. Magellan Development Group acquired the site in 2014 for $14 million.
Midtown Miami's Most Amenitized Luxury Apartment Tower, Gio Midtown, Receives TCO
Gio Midtown has just received its Temporary Certificate of Occupancy (TCO) from Miami-Dade County. The 447-unit and 39-story tower, which was jointly developed by Magellan Development Group and institutional investors advised by J.P. Morgan Asset Management, began to welcome its first residents on April 15.
Gio Midtown has just received its Temporary Certificate of Occupancy (TCO) from Miami-Dade County. The 447-unit and 39-story tower, which was jointly developed by Magellan Development Group and institutional investors advised by J.P. Morgan Asset Management, began to welcome its first residents on April 15. Bozzuto, which leads the project’s leasing and property management, launched leasing in January. Roughly 8% of the building has reportedly been leased so far.
Located in the heart of Midtown Miami, Gio Midtown offers close proximity to the neighborhood’s various restaurants and shops, as well as Miami’s Design District and Wynwood. Residents will also be given exclusive perks at local businesses, including Tap42 and Barry’s, and will be able to enjoy a plethora of amenities located inside the building.
The 5th floor offers a sprawling pool deck, along with a 25-yard lap pool, cabanas, grilling stations, and an outdoor whirlpool spa. Those wishing to workout can visit the outdoor CrossFit station and basketball court, or head indoors to the 4,471 square-foot fitness club to partake in group classes like yoga, Bootcamp, and Zumba. The spa, sauna, and steam rooms provide a calming space to unwind and relax, as does the Himalayan salt room with its salt floor and rocks which boast restorative properties to improve breathing and skin.
Residents with pets will also be able to pamper their pets and host playdates in the Dog Lounge and at the spa with on-site groomers. Family-friendly amenity spaces include a designated indoor area ideal for kids’ parties, a private outdoor playground, a game room, and a family lounge.
Gio Midtown’s floor plans include studios, one-, two-, and three-bedroom residences that range from 386 to 1,919 square feet. Studios start at about $1,58, one-bedroom at $1,775, two-bedroom at $2,775, and a three-bedroom at $3,790. Units’ luxury finishes include ceramic tile backsplashes, quartz countertops, keyless entry, and sprawling terraces.
Designed by bKL Architecture LLC, the project’s exterior features geometric and angled balconies serve as an ode to Italian modernist architecture and mid-century modern design. Fanny Haim & Associates created the property’s common areas with a soothing color palette, unique millwork, and pops of brushed gold.
“We understand that these are challenging times for all, and we hope that Gio Midtown will serve as a sanctuary for our first residents,” said Brian Gordon, executive vice president of Magellan Development Group. “There has been a tremendous amount of support and positivity amongst our team and we appreciate everyone who has played a pivotal role leading up to this milestone. We are optimistic that Gio Midtown will set a new standard for multifamily living in South Florida.”
Gio Midtown was built and designed to LEED Silver sustainability standards and offers a bike workshop and wash station, as well as electric car chargers. It expects to receive its LEED certification in about a year.
By Isabella Zimmermann
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.