Multiplan REAM Reveals $70 Million Penthouse at Ocean House in Surfside Designed by Carla Guilhem Design

Multiplan Real Estate Asset Management has revealed the $70 million Penthouse at Ocean House, a rare two-level, full-floor offering atop the 25-residence boutique oceanfront development under construction at 9317 Collins Avenue in Surfside.

Set between Bal Harbour and Miami Beach, Surfside has quietly ascended as one of South Florida’s most exclusive oceanfront enclaves, defined by architectural pedigree, timeless luxury, and a limited collection of world-class residences. Within this prestigious stretch of coastline, Ocean House stands as the crown jewel, offering a rarity of scale and design seldom found in the area.

“At the top of the market, buyers are gravitating toward homes that feel intimate and serene, with the ocean always present,” said Marcelo Kingston, Managing Partner at Multiplan REAM. “This penthouse is a statement of how people want to live now, quietly elevated, deeply private and anchored near the water.”

Spanning the building’s whole top floor plus a private oceanfront rooftop, the duplex penthouse is positioned for uninterrupted views of the sea, sky, and city. Across both levels, the total is approximately 9,476 square feet of interior living space and 5,051 square feet of outdoor terraces, for a combined total of roughly 14,527 square feet.

Ocean House captures the refined intimacy that has made Surfside a magnet for discerning buyers seeking privacy, proximity, and prestige. “This residence is a true coastal sanctuary, designed to feel like a retreat,” commented Kingston. “It’s refined coastal living at its most livable, with spaces that bring a sense of ease and balance you can feel the moment you arrive.”

Framed by a transparent façade and wraparound floating balconies, the residence is designed to create seamless harmony between design and nature, with interiors shaped by flowing lines, natural textures, and an effortless connection to the outdoors curated by Carla Guilhem Design.

“In a home like this, the most important gesture is restraint,” said Carla Guilhem, lead interior designer of Carla Guilhem Design. “The spaces are meant to feel intuitive and serene, so the horizon and the changing light become part of the experience from sunrise to sunset.”

The penthouse kitchen features waterfall gourmet islands, sculpted cabinetry and Gaggenau appliances. Private areas are envisioned as retreats, with spa-like bathrooms featuring natural-stone soaking tubs and elevated finishes that bring a sense of calm and ritual to everyday moments.

Dedicated entertaining and wellness spaces include an exquisite game room with billiards and a bar, an exclusive cinema, a spa, and a state-of-the-art fitness area with a private training room. The private rooftop is designed as a destination in itself, with an expansive terrace lounge, pool, spa, and a summer kitchen for dining and hosting above the ocean.

“Surfside remains one of South Florida’s most coveted enclaves, and opportunities at this scale are exceptionally rare,” said Kingston​​. “This penthouse delivers the rarity buyers are seeking right now, with a full-floor residence and private rooftop in a boutique oceanfront building defined by design and discretion, a true gem within the area’s most distinguished stretch of sand.”

Sales and marketing are led by Gutman Development Marketing. Ocean House is currently under construction by Moss Construction and is slated for completion in 2027.

Renderings via Binyan Studio and Carla Guilhem Design Studio

Past PROFILE Articles about Ocean House:

For more information about Ocean House or to inquire about purchasing a unit please fill out the form below:

Multiplan REAM Breaks Ground on Ocean House In Surfside

International real estate developer Multiplan Real Estate Asset Management (REAM) has broken ground on Ocean House, an exclusive collection of 25 ultra-luxurious residences in the heart of Surfside. This milestone signifies the start of construction following Ocean House’s sales launch in August 2024, with prices starting at $5 million and completion expected in 2027. Located at 9317 Collins Avenue, Ocean House offers a limited collection of two- to five-bedroom residences spanning 2,093 to 6,279 square feet. Moss Construction is spearheading Ocean House’s vertical movement.

“Breaking ground on Ocean House is a defining moment for the evolution of Surfside’s ultra-luxury real estate market,” said José Isaac Peres, Founding Partner of Multiplan REAM. “Our vision is to elevate the luxury residential experience by seamlessly blending privacy, tranquility, and architectural mastery, setting a new benchmark for sophisticated coastal living.”

“Ocean House is designed for those seeking a more intimate, boutique lifestyle that stands apart from South Florida’s high-rise developments. With just 25 residences, Ocean House is a rare blend of boutique privacy and ultra-luxury amenities,” said Marcelo Kingston, Managing Partner at Multiplan REAM. “As a self-financed project, we have the flexibility to expedite our construction cycle while uphold our uncompromising commitment to quality and craftsmanship throughout the entire construction process, ensuring every detail meets the exceptional standards our buyers expect.”

Designed by the renowned architecture firm Arquitectonica and its landscape division, ArquitectonicaGEO, with interiors curated by internationally acclaimed designer Carla Guilhem, Ocean House embodies modern elegance with a yacht-inspired aesthetic. Residences feature floor-to-ceiling windows, expansive living rooms with natural stone flooring, and open-concept kitchens with custom-designed Silestone islands with waterfall edges. Additional highlights include European cabinetry, Gaggenau kitchen appliances, spa-inspired bathrooms with dual vanities, glass-enclosed rainfall showers, and freestanding tubs.

“We are proud to be constructing Ocean House and are fully committed to delivering a residence that reflects Multiplan REAM’s high standards of quality, efficiency, and innovation,” said Scott Moss, CEO of Moss Construction. “Our expertise ensures this development will serve as a landmark of craftsmanship and excellence for years to come.”

Ocean House offers unparalleled privacy and well-being, with thoughtfully curated wellness amenities spanning three floors. This includes a rejuvenating spa with a treatment room, salon, steam room, and a rooftop pool deck with a vitality pool. A state-of-the-art fitness center and lush landscaped spaces featuring reflecting ponds, floating cabanas, and secluded lounges enhance the serene atmosphere.

“The response from buyers affirms our vision: Ocean House is more than a luxury residence; it’s an immersive lifestyle centered around tranquility, exclusivity, and well-being.” said Phil Gutman, President of Gutman Development Marketing, who is leading the in-house sales for Ocean House.

Renderings via Binyan Studios

For more information about Ocean House or to inquire about purchasing a unit please fill out the form below:

Multiplan REAM Reveals Oceanfront Ultra-Luxury Boutique Condo 'Ocean House' in Surfside

Multiplan Real Estate Asset Management (REAM), the developer behind the luxurious 57 Ocean, has officially launched sales for Ocean House, an exclusive collection of 25 ultra-luxurious residences in the coveted Surfside enclave. The boutique development combines the best of both worlds, the seclusion and grandeur of a private high-end residence with the ease and convenience of modern condominium living. Residents will enjoy an exceptional oceanfront lifestyle in a truly exclusive setting. Multiplan REAM will conduct sales in-house by appointment only with prices starting at $5 million.

“Surfside’s unparalleled location and serene ambiance have solidified its status as the premier destination for discerning buyers in Miami’s ultra-high-end waterfront market,” said José Isaac Peres, Founding Partner of Multiplan REAM. “We are thrilled to introduce Ocean House, a project we believe will redefine luxury living in the city. We are confident this extraordinary project will thrive within this prosperous community.”

Located at 9317 Collins Avenue, the boutique condominium offers two- to five-bedroom designed to epitomize the Surfside lifestyle. Renowned architecture firm Arquitectonica and its faction ArquitectonicaGEO is spearheading Ocean House's architectural and landscape design. Their vision offers unsurpassed architecture, with Bernardo Fort-Brescia conducting it, and featuring expansive east, south, and west views. Designer Carla Guilhem, with her practice focusing on yachts and homes, cleverly cross-pollinates ideas between the two, bringing her signature style to the interiors of the residences, creating sophisticated spaces that complement the oceanfront setting.

Ocean House stands out with its distinctive emphasis on privacy and tranquility, offering a full suite of wellness-focused amenities spread across three meticulously designed floors. Each space is beautifully infused with beach-inspired hues, wooden accents, and natural stone flooring. From the rejuvenating spa with treatment room, salon, steam room, and expansive rooftop pool deck to a vitality pool and a state-of-the-art fitness center, every detail has been thoughtfully curated to enhance well-being. Additional components are integrated into the lush tropical landscape, reflecting ponds, floating cabanas, and intimate lounges.

"Unlike the impersonal high-rise developments prevalent in South Florida, Ocean House offers an intimate, exclusive experience” said Marcelo Kingston, Managing Partner at Multiplan REAM. “It is a harmonious blend of privacy, architectural brilliance, and unparalleled amenities, designed with the sophisticated buyer in mind. With breathtaking waterfront views, lavish interiors, and a limited collection of residences, Ocean House is a truly exceptional offering within Surfside's coveted coastline and Miami’s burgeoning luxury real estate market.”

Ranging in size from 2,093 SF to 6,279 SF, each residence will feature expansive floor-to-ceiling windows, a grand living room with natural stone flooring, and an open-concept kitchen that centerpieces a custom-designed Silestone island with a waterfall edge and private terraces offering breathtaking views of the Atlantic Ocean. Elegant finishes and fixtures include custom European cabinetry, Gaggenau kitchen appliances, and bathrooms with spa-like touches – a vanity with double sinks, a glass-enclosed rainfall shower, and a freestanding tub that evokes serenity.

"Surfside has become the most sought-after market to live in South Florida, the scarcity of either available land or new projects in this area makes Ocean House a true gem in the strong Miami condo luxury market. Our project stands out in this community as a true luxury, boutique development offering buyers a once-in-a-lifetime opportunity to own a villa in the sky on the ocean," said Phil Gutman.

Multiplan REAM has commenced the demolition of the two-story structure of the old Regent Palace Condominium to clear the site in anticipation of the groundbreaking, slated for the first quarter of 2025, and Ocean House is anticipated to be delivered in 2027.

"Our go-to-market strategy will be highly selective and focused. By self-financing projects, Multiplan gains the flexibility to initiate construction immediately while patiently pursuing high-caliber buyers who share our vision for Ocean House as Miami's most exclusive beachfront condo community," concluded Kingston.

Renderings via Binyan Studios

For more information about Ocean House or to inquire about purchasing a unit please fill out the form below:

57 Ocean Achieves $330 Million Sell-Out And Receives TCO With Closings To Begin In October

57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row has announced that it has achieved a $330 million sellout and has received its TCO. Closings are set to begin in October. Sales and marketing launched in 2018 and were led by Fortune Development Sales. Located at 5775 Collins Ave., 57 Ocean was developed by Brazilian billionaire Dr. José Isaac Peres’ Multiplan Real Estate Asset Management, led by managing partner Marcello Kingston.

57 Ocean offers 81-units which come in two to four-bedroom floor plans which started at $1.5 million. Units range in size from 1,200 to 3,600+ square feet, as well as 18 flow-through Sky Residences. The well-appointed homes feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. The buildings crown jewel penthouse sold for $36 million, a 7,500 SF Sky Residence with an additional 7,000 SF of outdoor space.

Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.

High-net-worth individuals have been attracted to 57 Ocean from across the globe, but primarily from New York, which accounts for over 65% percent of the tower’s domestic purchases. Buyers singled-out the project for its unparalleled location, contemporary designs by Arquitectonica and interior architect Patricia Anastassiadis, and robust assemblage of holistic “Blue Wellness” amenities and services.

Check out PROFILEmiami’s full coverage of 57 Ocean

Renderings via DBOX

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

57 Ocean Reports Over $90 Million In Sales Over Past 3 Months, Now 80% Sold

57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row has announced that it has achieved an unprecedented $90 million sold in 3 months in the midst of the global pandemic. The ultra-luxury oceanfront condo tower is now over 80% sold as construction is expected to be completed Fall 2021. Of those that have gone under contract in the last 90 days includes five of the property’s largest units, the Sky Residences. Sky Residences feature flow-through formats with both city and ocean views spanning four bedrooms, five-and-a-half bathrooms, plus service quarters. Sky Residences are priced from $8.5 million.

High-net-worth individuals have been attracted to 57 Ocean from across the globe, but primarily from New York, which accounts for over 65% percent of the tower’s domestic purchases. Buyers have singled-out the project for its unparalleled location, contemporary designs by Arquitectonica and interior architect Patricia Anastassiadis, and robust assemblage of holistic “Blue Wellness” amenities and services.

“57 Ocean continues to outpace the rest of the area’s ultra-luxury condominium market,” said Marcelo Kingston, Managing Partner of Multiplan REAM. “Our buyers understand the unprecedented value of living on the ocean in a brand-new, state-of-the-art boutique building that is not only well-sited in a tranquil, family-friendly neighborhood, but has such a distinct focus on holistic wellness. This project exceeds all expectations.”

“There’s no doubt that 57 Ocean is one of the most highly anticipated projects to enter the global prime property market,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “As evidenced by the sales momentum, the excitement only continues to build among well-heeled homebuyers who are increasingly attracted to some of 57 Ocean’s largest, flow-through floorplans -- the spectacular Sky Residences.”

Located at 5775 Collins Ave., 57 Ocean is the brainchild of Dr. José Isaac Peres, Multiplan Real Estate Asset Management’s founder and one of the most globally acclaimed developers, and is led by managing partner Marcello Kingston. The condominium will offer 81-units which come in two to four-bedroom floor plans, starting at $1.5 million with sizes ranging from 1,200 to 3,600+ square feet, as well as 18 flow-through Sky Residences. The well-appointed homes will feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.

Check out PROFILEmiami’s full coverage of 57 Ocean

Renderings via DBOX

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Multiplan R.E.A.M. Breaks Ground On Luxe Boutique Condo Ocean Park South Beach In South of Fifth

On February 25, Florida-based Multiplan Real Estate Asset Management, broke ground on Ocean Park South Beach, an exclusive boutique condominium featuring a limited collection of 10 luxury beach residences in the prestigious South of Fifth enclave. MultiplanREAM executives in attendance included Managing Partner Marcelo Kingston and Project Executive Orlando Carrillo, alongside the Feoli Construction Team, Jay Phillip Parker, CEO of Douglas Elliman Florida brokerage, and Douglas Elliman top-producers and Ocean Park South Beach sales team Eloy Carmenate and Mick Duchon.

Ocean Park South Beach, is slated to be delivered by the second quarter of 2022. With four units remaining, the project has seen an immense amount of interest from domestic and global buyers, including celebrity broker of Douglas Elliman’s Eklund | Gomes Team who is in contract to purchase a 2 bedroom unit. Ocean Park South Beach was designed by globally acclaimed architect Revuelta Architecture International, with interiors by Marcela Lombana and landscaping by Gardner Semler Landscape Architecture.

The exclusive four-story project will not only be located on the famed Ocean Drive thoroughfare and across from the sparkling Atlantic Ocean and its powder-white beaches, but it will be just steps from the lush green gardens of Marjory Stoneman Douglas Park, which feature paved promenades, outdoor exercise areas, and children’s play areas -- perfect for families, friends, and pets.  Thanks to the unparalleled location of the boutique building, both the ocean and the park will double as two of the most coveted and accessible amenities for residents’ year-round enjoyment, essentially giving well-heeled homebuyers the rare ability to enjoy the best of both worlds.

Residences at Ocean Park South Beach come in Two- to three-bedroom residences, starting at $1.5 million, and will range in size from 1,117 SF to 1,715 SF, with large terraces providing an additional 267 SF to 1,194 SF feet of outdoor living space. Highlights will include private elevators that open directly into home foyers, 10’ ceilings, floor-to-ceiling windows with 10’ sliding doors, light solid oak wood and natural stone flooring, and kitchens by Poliform with Matte Touch cabinets, Wolf and Sub-Zero appliances, and Silestone Calcatta Gold stone grooved waterfall edge countertops and backsplashes. Sumptuous master baths will be complete with floating vanities with marble showers, floating European-designed standalone bathtubs and double-sinks.

Two four-bedroom penthouses, priced upwards of $6 million, will comprise 2,393 SF of interior space as well as 1,564 SF of expansive terraces.  Each will additionally be marked by 12’ ceilings, floor-to-ceiling windows with 12’ sliding doors, an upgraded appliance package with a tower wine cooler and double-fridge unit, and a rooftop deck with a private spa pool, summer kitchen, and dedicated powder room.

Ocean Park South Beach will also offer amenities and services which will be lavish and state-of-the-art. In addition to lushly landscaped tropical outdoor areas, replete with vibrant species of flora and fauna, there will be a 36’ pool with Italian-designed poolside chaise lounges and umbrellas, an outdoor relaxation spa with a Jacuzzi, a poolside summer kitchen and outdoor dining area, a relaxation lounge on a sunset pool deck, and beach service. The property’s central location will furthermore put residents well within reach of Oceanfront Park and South Beach’s myriad of gourmet restaurants, nightlife venues, and boutique shops.

The property’s beautifully-appointed sales gallery loft is located at 135 Ocean Drive in Miami Beach. Douglas Elliman is the exclusive residential brokerage for the project with Eloy Carmenate and Mick Duchon overseeing sales.

Images via Lifestyle Production Group (LPG)

For more information about Ocean Park South Beach, private showings or purchasing/ leasing information please fill out the form below:

Miami Millionaire's Row $38 Million Penthouse At 57 Ocean Makes Virtual Debut

Multiplan Real Estate Asset Management, the developer behind 57 Ocean on Miami Beach’s Millionaire’s Row, has debuted the building’s new spectacular penthouse in a $180,000 state-of-the-art video that combines reality with the virtual world. DBOX produced the 90-second video that highlights 57 Ocean’s $38 million penthouse. The video features 360-degree ocean views, 7,100 sq.ft of private outdoor terraces and spacious living areas designed by Sofia Joelsson Design. This video allows potential buyers to virtually walk the five-bedroom and six-bathroom condo in our new COVID-reality world.

“We are all living in a virtual world right now. The pandemic has had a profound effect on buyers’ psyche, impacting their ability or willingness to travel. Just as grocery markets are facing a new reality with Instacart, and art fairs and boat shows are going online, so too is real estate having its transformational moment,” said Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management. “We believe we have created virtual lust for living at the apex of 57 Ocean, and that only a video can truly personify how the ultimate in luxury living has no limits.”

The video shows the penthouse’s indoor-outdoor living with expansive terraces, large glass windows and  private plunge pools. The open living room includes a gourmet chef’s kitchen and wine cellar facing the ocean. The master suite includes his and her closets, floating tub with ocean view and a special spa area including smaller plunge pools, massage area and outdoor sauna. The penthouse also features a clubroom with pool table, a home theater, private gym and putting turf.

“This $38 million penthouse is truly the jewel in the crown of Millionaire’s Row,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “There is nothing like it on the market in the area, and we are thrilled to be innovatively showcasing it virtually to the world for the first time. The home’s connection to the ocean is unparalleled -- as is its private, resort-like feel in the epicenter of this tranquil, family-friendly neighborhood.”

57 Ocean is located at 5775 Collins Avenue on Miami Beach and is expected to be complete in 2021. The luxury condominium features two-to-four-bedroom residences starting at $1.5 million.

Renderings and video via DBOX.

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Multiplan Real Estate Asset Management Celebrates Top Out Of 57 Ocean on Miami Beach's Millionaire's Row With Giant Sandcastle

57 Ocean, an ultra-luxury residential project on Miami Beach’s Millionaire’s Row, has officially topped off construction at 18 stories. The project is being developed by Multiplan Real Estate Asset Management, who celebrated the milestone in tandem with the boutique oceanfront project’s exclusive sales broker, Fortune Development Sales, and the general contractor, Moss Construction. 57 Ocean broke ground in April 2019 and is on-schedule for next fall’s projected delivery date.  

“This is a triumphant day for us,” said Marcelo Kingston, Managing Partner of MultiplanREAM.  “Our team has worked tirelessly to ensure that all deadlines were met and expectations of our buyers are exceeded.  The global response to our project has been overwhelming.  To be more than halfway sold, with dozens of new prospective buyers reaching out to us daily -- recognizing the unmistakable value of a project of this size, scope, and setting -- is a point of pride to us, as well as to our founder, Dr. José Isaac Peres.”

 “We are proud to be celebrating this milestone today ahead of schedule -- a testament to the leadership, expertise, and excellence that have guided 57 Ocean and its rise,” said Scott Moss, CEO of Moss Construction.  “This is an absolutely beautiful project that is going to be a huge point of pride for Miami Beach and South Florida, as a whole.  The attention to detail is profound -- from the unique undulating façade of the building to the stackable sliding doors that seamlessly draw the outdoors in, and the wood-accented ceilings.  57 Ocean is truly a first-of-its kind project for the area with details that will set it apart from all other luxury buildings.”

57 Ocean, located at 5775 Collins Ave., is now approximately 60% sold. Just this month the sales team announced the purchase of a $7.8 million Sky Residence to a Miami Beach resident, who singled-out the project for its new construction, amenities, and oceanfront setting. In addition to 20 flow-through Sky Residences, starting at $6.95 million, 57 Ocean has one remaining penthouse, priced at $35 million. 

57 Ocean was designed by Arquitectonica with interiors by Patricia Anastassiadis of Anastassiadis Arquitetos. The waterfront building offers 71 residences as well as a selection of five-star, Blue Wellness-inspired amenities and designs. 57 Ocean will offer two- to four-bedroom residences, starting at $1.5 million, with sizes ranging from 1,245 to 3,474+ square feet. The well-appointed homes will feature expansive terraces, each stretching up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Amenities feature a holistic spa with products by One Ocean Beauty, a wellness pavilion with a thermal suite and relaxation areas, meditation and hanging gardens, poolside treatment cabanas, etc. Additional amenities include a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.  

“57 Ocean is unlike anything that’s currently on the market in Miami Beach,” said Edgardo Defortuna, founder and CEO of Fortune Development Sales.  “Our buyers know that this project is rare, offering a lifestyle that surpasses all wants and needs – especially in the wake of COVID-19.  These huge interiors, large terraces, the connection to the water, and focus on health and wellness are a winning combination that simply cannot be overlooked.”

In the face of the COVID-19 outbreak, the development, sales and construction teams took the opportunity to forego a traditional celebratory event by building a massive, six-foot-by-20 sand sculpture on the beach, adjacent to the site.  The sculpture, featuring a relief of 57 Ocean’s iconic undulating exterior, designed to resemble waves on the water, calls attention to the project’s ongoing support of the Oceana organization, which works to protect the world’s oceans. 

The public will be able to admire the whimsical piece while remaining socially distant while wearing complimentary 57 Ocean-branded masks.  57 Ocean’s developers will additionally host a beach clean-up with the Miami chapter of the Surfrider Foundation once coronavirus cases subside; the beach clean-up event was initially slated to take place the week of the topping-off.

57 Ocean Condo Secures $58.5 Million Construction Loan from Bank OZK

Miami Beach’s 57 Ocean, a luxury seaside condominium located on Millionaire’s Row and developed by Multiplan Real Estate Asset Management, has announced that it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. The financing will support the finalization of the 18-story project, which is already 50% complete and has reached the 11th floor this week. The 70-unit building is scheduled for completion in September of 2021. 

MultiplanREAM, founded by Brazilian developer Dr. José Isaac Peres, has invested approximately $150 million in cash into the project and has ensured that each benchmark has been efficiently met despite the current COVID-19 pandemic. MultiplanREAM and 57 Ocean’s exclusive residential brokerage, Fortune Development sales, have reported that in just 45 days, 11 units totaling $46 million have gone under contract (an average of 1.3 sales per week), and attribute the project’s success on its location, contemporary designs, and robust assemblage of amenities and services.

“57 Ocean is not only delivering a unique, healthful-living lifestyle for buyers but also providing another reassurance for their real estate investment,” said Marcelo Kingston, Managing Partner of MultiplanREAM.  “We are extremely proud to work with Bank OZK, the nation’s preeminent construction lender of marquee properties.  We have confirmed that we will top out this August and deliver the building in September 2021, as we had originally promoted.” 

The JLL Capital Markets debt placement team representing MultiplanREAM included Executive Managing Director Manny de Zárraga and Director Jesse Wright. The lending process began during the last week of March and lasted for 30 days, unlike the typical 90 that it normally takes.

“We are delighted to be working with MultiplanREAM in supporting the capitalization of this outstanding product,” said de Zárraga.  “This liquidity will enable the developer to pursue new opportunities that may emerge during moments of the current global crisis while expanding its footprint in the State of Florida.”

Designed by Bernardo Fort-Brescia of ARQUITECTONICA, with interiors by Brazilian designer, Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean will offer two to four-bedroom residences starting at $1.5 million, with sizes ranging from 1,200 to upwards of 3,600 square feet. Of 57 Ocean’s 70 units—which more than half of have been sold—10 Sky Residences start at $6.5 million, while its full-floor penthouse is priced at $35 million. Units will feature expansive terraces that stretch up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. To date, more than half of the units have sold to buyers from high-income tax states, including New York and California, as well as high-net-worth individuals from Latin America.

57 Ocean offers amenities such as a holistic spa with treatments by One Ocean Beauty, a wellness pavilion with a thermal suite and a relaxation and mediation area, as well as poolside treatment with cabanas, a state-of-the-art fitness center with top-of-the-line Mylsle training equipment by MyEquilibria, and an indoor Technogym fitness center. In addition to this, there will be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, and direct access to the nearby Miami Beach Walk.

“The excitement surrounding this development continues to build among ultra-luxury homebuyers worldwide—a testament to MultiplanREAM’s tremendous vision and subsequent success,” said Edgardo Defortuna, CEO of Fortune Development Sales.  “We are now looking forward to the next big milestone—57 Ocean’s topping off later this summer.”

By Isabella Zimmermann | Images via DBOX

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

57 Ocean Reveals $35 Million Penthouse Designed By Sofia Joelsson Design

Multiplan Real Estate Asset Management, developer of 57 Ocean, the ultra-high-end, 18-story boutique condominium on Miami Beach’s Millionaire’s Row, has revealed the project’s new $35 million full-floor penthouse. Directly fronting the Atlantic Ocean with 360-degree views of the azure horizon and vibrant cityscape, the sprawling retreat is the pièce de résistance of high-end real estate in the internationally renowned enclave.

The residence is designed by Sofia Joelsson of Sofia Joelsson Design and spans 7,500 SF of indoor space and an additional 7,000+ SF of outdoor terraces. The amenity-rich home features five bedrooms, one den, six full baths, and one powder room. No detail has been overlooked in the architectural masterpiece, which additionally boasts a myriad of airy, sunlit living areas, each beautifully designed to maximize a seamless connection to the outdoors.

“This $35 million penthouse is truly the jewel in the crown of Millionaire’s Row,” said Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management. “There is nothing like it on the market in the area, and we are thrilled to be showcasing it to the world for the first time.  The home’s connection to the ocean is unparalleled -- as is its private, resort-like feel in the epicenter of this tranquil, family-friendly neighborhood.”

Inside the penthouse, the master living room will boast an expansive entertaining room with a gourmet chef’s kitchen and a sculptural wine cellar facing the ocean. There will also be a behind-the-scenes preparation
kitchen for special culinary events, while a lounge area will connect the interiors with outdoor spaces. The master bedroom will be outfitted with his and her closets and a unique bath with a shower and floating tub overlooking the ocean. Just beyond the master suite will be a special spa area, encompassing plunge pools, a massage area shaded by a trellis, and an outdoor sauna for relaxation and extended therapies  Ideal for fitness buffs, the home will have a private gym, as well as a skylight turf with a green area that’s perfect for putting practice. Entertaining in the penthouse is a dream thanks to a uniquely designed club room, complete with a pool table, antique bar, and a plush home theater. Additional standout features in the residence will include a private oceanfront office, a fully-equipped summer kitchen, an art gallery wall, and a one-of-a-kind pool that juts out over the building, blurring into the ocean beyond.

57 Ocean is already one of the most anticipated projects to enter the global prime property market, hailed for its designs by Arquitectonica and interior architect Patricia Anastassiadis, as well as its ocean-inspired holistic wellness amenities. Just last month, Penthouse II at 57 Ocean sold to a New York buyer for $10.9 million, with the building having been singled-out for its proximity to the water and its bevy of Blue Wellness-inspired offerings.

57 Ocean is the brainchild of Dr. José Isaac Peres, Multiplan Real Estate Asset Management’s founder and one of the most globally acclaimed developers. The condominium will offer two to four-bedroom residences, starting at $1.5 million with sizes ranging from 1,200 SF to 3,600+ SF, as well as 10 flow-through Sky Residences, starting at $6.95 million. The well-appointed homes will feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center.There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and
more. Sales are being overseen by Fortune Development Sales and the building is on track for delivery in 2021.

Images via DBOX.