30 Palm Avenue On Miami Beach's Famed Palm Island Hits The Market For $43 Million

A contemporary estate located at 30 Palm Ave. on Miami Beach’s famed Palm Island has hit the market for $43 million. Magnificently redesigned, the 2-story waterfront estate on guard-gated Palm Island is situated on a manicured 32,000-square-foot lot, offering 100 feet of sparkling waterfront on Biscayne Bay. The 13,144-square-foot bright and airy gated residence features nine bedrooms (including two staff rooms), eight bathrooms, and one half-bathroom. The residence is being sold furnished and is listed with Jill Eber and Jill Hertzberg of The Jills Zeder Group, affiliated with Coldwell Banker Realty in Florida.

“This stunning modern waterfront home located in the prestigious estate section of guard-gated Palm Island is ideal for a family or couple wanting incredible amenities as well as an amazing estate-sized lot,” said Jill Eber of The Jills Zeder Group. “The property’s southern exposure provides natural light to flow through tall walls of glass into the home to enjoy true indoor-outdoor, luxury living at its finest.”

30 Palm Ave. features distinctive features include large plank rich hardwood floors, an interior elevator, pet room, full waterfront gym, movie theater with 11 comfortable leather recliners and a 132” projection screen, and an additional second-floor family/media room plus waterfront recreation room.

The residence offers an expansive living room and dining area boast soaring ceilings, are separated by a custom-built stone wall for privacy, and lead to a beautiful family room. The gourmet kitchen features a black granite center island, countertops and backsplash; top-of-the-line Wolf gas range, two Sub-Zero refrigerator/freezers, custom cabinetry, a butler’s pantry, and industrial-sized walk-in freezer.

The private second-floor principal suite is surrounded by walls of glass, and features a large private terrace overlooking the pool deck below with views to the water. The principal bathroom boasts exquisite Carrara marble walls and floors, a full walk-in rain shower with dual shower heads, sunken spa tub with water jets, and separate water closets. The additional eight bedrooms are spacious and uniquely designed.

The tropical outdoor area features a large pool with a Jacuzzi, coral stone-paved pool deck, professionally designed landscaping with tropical plants and soaring palms, full outdoor lighting, comfortable covered seating areas, a summer kitchen and capturing views to the downtown skyline. The residence also features a private 100-foot IPE wood dock that can accommodate a large vessel, and direct access to Biscayne Bay and the Atlantic Ocean. The home offers parking space for 12 cars, as well as a 4-car garage.

Located just south of Hibiscus Island, Palm Island is a man-made island in Biscayne Bay. The entire island encompasses 82 acres and offers amazing vistas of the downtown Miami skyline and breathtaking sunset views. It is ideally located just minutes from downtown Miami, Miami Beach and the beaches, fine dining and shops, cultural venues, the Design District, prestigious schools and Miami International Airport.

“Palm Island is one the most sought-after residential locations in South Florida,” said Jill Hertzberg of The Jills Zeder Group. “Embodying the pinnacle of South Florida waterfront luxury living, this exclusive island beckons with breathtaking views and proximity to the best attractions and schools Miami has to offer.”

Images via 1OAK Studios

Bentley Motors And Dezer Development Reveal New Renderings of Bentley Residences Miami

Bentley Motors, in collaboration with Dezer Development, has revealed new renderings of Bentley Residences Miami showcasing the stunning views and lavish interiors at the ultra-luxury waterfront development coming to Sunny Isles Beach. Bentley Residences Miami is first Bentley-branded residential tower in the world. Setting an entirely new standard for luxury living, these two pioneering industry brands have joined forces for one of the most revolutionary, highly-anticipated partnerships in the world of luxury and hospitality. Dezer Development is led by Gil Dezer and has been one of the most active developers transforming the Sunny Isles Beach skyline.

Bentley Residences Miami will feature 216 exquisitely finished residential units, each embracing an exquisite balance of indoor/outdoor living. Pricing starts at $4.2 million and every unit will encompass an individual balcony swimming pool, unobstructed seascapes, and floor-to-ceiling glass windows seamlessly implemented throughout.

Bentley Residences, set to debut in Sunny Isles Beach in 2026, marks the world’s very first Bentley branded luxury residential property. Conceptualized by top U.S property developer, Dezer Development, designed by the world-renowned architectural firm Sieger Suarez Architects - known for their work on Dezer Development’s Porsche Design Tower and Residences by Armani/Casa the tower will feature uninterrupted views of the ocean and waterways, bringing the beauty of the outdoors into each new home.

The Bentley design team is collaborating with Dezer on the interior and exterior architecture of the building, translating Bentley’s luxury design to the residential experience. Built with luxury car owners in mind, each residence will include an in-unit multi-car garage and a patented car Dezervator alongside all the most desirable luxury amenities and world-class services. Designed by world-renowned architectural firm, Sieger Suarez Architects, the luxury residential tower is designed to appeal to Bentley’s and Dezer Development’s most discerning customers.

Bentley Residences Miami’s 12,000 sqft. sales gallery will unveil in April 2022, giving buyers a first-hand glimpse of the private beachfront enclave that will encompass a one-of-a-kind collection of residences. Poised to be nothing short of extraordinary, the sales gallery will feature an actual full-size 6,000 sqft. model unit replica within, establishing this particular sales gallery as the first of its kind for brokers and potential buyers. The Bentley Residences sales gallery will be located at 18325 Collins Avenue.

East Unit

West Unit

Amenities

Exterior

Renderings via Bentley Residences Miami

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

KUSH Building In Wynwood Sells For $2.6 Million

2003 North Miami Ave., a mixed-use property which is home to longtime Wynwood staple restaurant KUSH, has sold for $2.6 million. The transaction closed on March 25. Matt Kuscher, owner of Kush Property LLC, purchased the property from Michael Lilov. Both sides of transaction were overseen by Devlin Marinoff, Tony Arellano P.A. and David Richman of DWNTWN Realty Advisors.

The two-story mixed-use building totals 7,562 square feet on the highly trafficked North Miami Avenue corridor in Wynwood, which has been experiencing incredible development and corporate relocation activity. The building features three retail spaces and 10 studio apartment units on the second floor.

Kuscher brought his KUSH concept to Wynwood and quickly turned it into a Wynwood staple beloved by burger enthusiasts. KUSH Hospitality took home the coveted People’s Choice Award during the South Beach Wine and Food Festival’s 2021 Burger Bash, an annual competition that draws more than 30 chefs and restaurants from around the country. The gastropub is also a supporter of the neighborhood’s renowned art scene, displaying eye-catching pieces from local artists on its walls.

“Wynwood is entering a new era as a well-rounded professional, residential, dining and entertainment destination,” Marinoff said. “That shift is inspiring a flurry of investment activity. Established local investors are seeking to expand their holdings in Wynwood, while new-to-market players are eager to expand into the neighborhood.”

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic VC, GAC Financial, Ramp Financial, Schonfeld and others. Currently, more than 3,500 new residential units, 400 hotel rooms and 1 million square feet of office space are in the pipeline. Wynwood’s 50-block district also has one of the most dynamic culinary scenes in the United States with a variety of highly rated restaurants including doma, Omakai, Hiden, Hiyakawa, Momosan, Uchi, Mister 01, Kyu, Bakan, Beaker & Gray and Pastis.

Recent notable transactions include Forte Capital and Sheridan Capital’s flipping 2830 NW Fifth Ave. for $11.2 million just mont’s after acquiring it for $6.35 million from from Alex Karakhanian’s LNDMRK Development. In February Related Group and East End Capital sold Wynwood Annex in February for $49 million and UOVO Storage Deluxe acquired of a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Naftali Group Acquires Miami Worldcenter Development Site For $41 Million, Plans Two Supertall Residential Towers

The New York-based developer Naftali Group has acquired a development site at 1016 NE 2nd Ave. in Downtown Miami’s Miami Worldcenter for $41 million and is planning two supertall residential towers. The site was acquired in partnership with Cara Real Estate Management. The seller was the Chicago-based Akara Partners who acquired the site for $18.8 million in July 2020. The off-market transaction was overseen by Mika Mattingly of Colliers Urban Core Division. The site previously served as the sales center for PARAMOUNT Miami Worldcenter.

Naftali Group, led by Chairman and CEO Miki Naftali, is now planning two supertall residential towers which they aim to begin pre-sales for by the end of 2022. The project would be their first in South Florida. Akara Partners had previously planned Kenect Miami at the site, a Perkins + Will and Stantec-designed mixed-use residential two tower development. A project of up to 1.3 million square feet can be developed on the 44,500 square foot site.

Miami Worldcenter occupies ten city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

Sabal Development Sells 10-Acre Parcel To Lennar Homes For $24.5 Million In Off-Market Transaction

Sabal Development, a Miami-based builder and developer who specializes in luxury custom homes led by Pascal Nicolai, has sold a 433,422 SF, 10.17-acre, parcel located at 8290 SW 120th Street in Miami, Florida for $24.5 million to Lennar Homes. The off-market transaction closed on March 23, 2022 with no listing agents involved.

Sabal Development purchased the parcel for $6.3 million on January 26, 2015. Sabal originally requested to rezone the site to build 20 single-family homes in a community known as Veridian Grove. Following the new Comprehensive Development Master Plan (CDMP), Sabal requested to rezone the site to permit 34 townhomes and 20 homes.

“We are thrilled to sell this special 10-acre Miami parcel for $24.5 million to Lennar Homes, who will make our vision for the community come to life,” said Nicolai.

Sabal Development and Sabal Luxury Builder achieved over $130 million sales in custom-built home sales in 2021.

Rendering via Sabal Development

Forte Capital Management Flips Wynwood Industrial Property For $11.2 Million In Off-Market Transaction

Forte Capital, led by Chaim Cahane, and Sheridan Capital have flipped 2830 NW Fifth Ave. in Wynwood for $11.2 million just months after acquiring the industrial property for $6.35 million in December 2021 from Alex Karakhanian’s LNDMRK Development. The buyers are developing an ultra-luxury spec home designed by Kobi Karp on Miami Beach’s Sunset Islands. The off-market cash transaction was brokered by Jordan Karp.

The 14,000 SF property was originally built in 1950 and is currently vacant in raw condition. It features three retail suites spanning, 4,620 SF 3,500 SF and 5,743 SF, the last two of which are combinable. 2830 NW Fifth Ave. sits on 17,160 SF, .39 acre, lot and features private gated parking, high ceilings and quick access to highways. It is walking distance to some of Wynwood’s most notable projects and landmarks, including 545wyn, the Wynwood Building, Love Life Café, Morgan’s and the Wynwood Garage.

Wynwood has been a hot market recently as more than 400 businesses have moved into the neighborhood in including Blockchain.com, OpenStore, WeWork, Founders Fund, Spotify, Live Nation, Atomic VC, GAC Financial, Ramp Financial, Schonfeld and others. Currently, more than 3,500 new residential units, 400 hotel rooms and 1 million square feet of office space are in the pipeline. Wynwood’s 50-block district also has one of the most dynamic culinary scenes in the United States with a variety of highly rated restaurants including doma, Omakai, Hiden, Hiyakawa, Momosan, Uchi, Mister 01, Kyu, Bakan, Beaker & Gray and Pastis.

Recent notable transactions include Related Group and East End Capital selling Wynwood Annex in February for $49 million. Also in February UOVO Storage Deluxe acquired of a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. In August 2021 the Brooklyn-based developer LivWrk acquired a 2.45 acre assemblage for $38.86 million and David Edelstein’s TriStar Capital and RAL Development acquired the final 13,250 SF piece of their 72,000 SF Wynwood assemblage where an office campus is planned for $13 million.

Miami Worldcenter Completes Major Milestones Including 50K SF of Retail And 43-Story Bezel Tower

Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space, and a 922-space public parking garage fronting Northeast 7th Street, between Northeast 1st and 2nd Avenues. A portion of the structure’s rooftop is also home to a resort-style amenity deck serving Bezel Miami, a newly delivered 43-story luxury rental tower developed next door by ZOM Living.

As the largest private, urban development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. The project is being developed by master developers Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, in partnership with CIM Group.

“When we envisioned Miami Worldcenter more than a decade ago, we pictured a Downtown Miami where people could walk, ride a bike, push a stroller, get on public transportation or drive a car, and as more of our developments continue to deliver, we’re seeing that vision come to life,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Miami Worldcenter is at the confluence of arts, culture, entertainment, transportation and education, and I believe this is just the beginning of Downtown’s evolution into a fully integrated community.”

Approximately 176,000 square feet of retail space has now been completed at Miami Worldcenter, with another 124,000 square feet remaining under construction and slated to deliver by the end of the year. The development’s enticing lineup of recently announced tenants includes Chicago’s Maple & Ash and etta restaurants, Miami chef Michael Beltran’s Brasserie Laurel and El Vecino, Bowlero, Sephora, and Lucid Motors.

“Each development milestone is an important achievement for Miami Worldcenter and our development team. This is a dynamic, multifaceted project that benefits visually from a variety of architectural styles, interwoven streets, plazas and gathering spaces; creates a connected community and an engaging experience for all,” said Shaul Kuba, Co-Founder and Principal, CIM Group.

Bezel Miami becomes the latest residential development to be completed at Miami Worldcenter, joining other completed towers including the 60-story Paramount Miami Worldcenter, and the 43-story Caoba luxury apartment building. Coming up, a 351-room citizenM hotel is expected to open at Miami Worldcenter in the Spring. Additionally, construction is now underway at New York-based developer Lalezarian’s 52-story Miami World Tower, which will comprise 550 multifamily apartment units; at Royal Palm Companies’ Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; and at the second phase of Caoba, which will encompass a 40-story tower with 420 multifamily apartments.

Planned residential developments include Kenect, a hospitality-oriented apartment tower with 450 multifamily units by Chicago-based Akara Partners; and The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures. The Witkoff Group is also planning a three-tower mixed-use project at Miami Worldcenter, which will include up to 2,000 residential units, 550,000 square feet of office space and 50,000 square feet of retail.

Complementing Miami Worldcenter’s open-air retail will be World Square, a 20,000-square-foot public plaza and park. Designed as a central gathering place and outdoor event space, World Square will serve as the heartbeat of the city-within-a-city featuring an abundance of shade trees, works of art by local and international artists, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.

Miami Worldcenter occupies ten city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

Master Brokers Forum Listing: Check Out This Trendy Tri-Level Penthouse Overlooking Biscayne Bay In Ten Museum Park

Master Brokers Forum member Scott Klein presents this exquisite tri-level, custom-built lower penthouse with breathtaking picturesque bay, city and ocean views, and the finest details throughout. This 4 bedroom/5.5 bath residence has 4,879 square feet (per condo docs)), 1,749 square feet exterior, with soaring 20-foot ceilings and expansive walls of glass. Architecture/design by EcoTek (Jan Stanbury), Opustone white porcelain floors with 3 x 3 tiles, La Finestra metal and glass doors, Moduhome Italian closets, summer kitchen with private pool and patio on the third floor. This fabulous home in the sky is located in Ten Museum Park; a boutique building with a world-renowned spa and 5-star service, 24-hour concierge, valet, and full-service gym with wave pool, yoga, cycling, steam room/spa with massage available. 

Ten Museum Park 1040 Biscayne Blvd. LPH 4403 Miami, FL 33132 currently listed for $4,250,000 with Scott Klein of Insignia International Properties, who can be reached at 305-302-3179  and/or scott@scottkleinrealtor.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 produced in partnership with Master Brokers Forum

Images via Master Brokers Forum

FENDI Caffe Is Back For Spring 2022 At OTL In Miami Design District

The iconic FENDI Caffe is back at OTL in the vibrant Miami Design District for Spring 2022 from March 17th through May 1st, 2022. The FENDI Caffe at OTL is located across from the FENDI Boutique in Miami Design District, following the great success of the FF Vertigo-inspired iteration in the Summer 2021. The new creative concept for the FENDI CAFFE draws creative cues from the FENDI Women’s Spring/Summer 2022 Collection, and its inspiration from the figurative drawings of visionary fashion illustrator Antonio Lopez.

The FENDI CAFFE menu includes a fusion of local and Italian favorite breakfast and lunch items, as well as beverages including a signature FF logo cappuccino served in porcelain cups decorated with FENDI’s signature Pequin striped motif. An evening Aperitivo menu will also be offered. Sweet and savory bites will include special FF logo toast and paninis, as well as a variety of pastries and baked goods in special FENDI packaging.

In collaboration with The Estate and Archive of Antonio Lopez and Juan Ramos, the artist’s work has been freshly revived for the FENDI Women’s Spring/Summer 2022 Collection, bringing a modern perspective on disco-age glamour, and a spotlight on the diverse and powerful femininity that underscores the FENDI name. With a bold sunset graphic in hues of red, orange, and yellow, the FENDI CAFFE takes over the outdoor corridors of the restaurant and FENDI Boutique. The concept comes to life with illustrations of ‘Lopez Girls’ – focusing on Lopez’s innovative vision on femininity, diversity, inclusivity, and unconventional beauty, emblazoned across the outside of the space.

Upon entering the cafe, guests will immediately discover the space transformed into a world of FENDI and Antonio Lopez. The space will be adorned with rainbow graphics, and the sketches of ‘Lopez Girls’ come to life in 3D billboard sculptures. The FENDI CAFFE tables embrace the 70’s aesthetic, with the colorful sunset graphics topping each surface. The theme is continued throughout with custom FENDI table settings and takeaway elements, as well as decorative details for the menu’s food and beverage. The hand-sketched version of the FENDI logo inspired by Lopez’s original work for the brand appears throughout elements of the café.

FENDI Caffe is located at 160 NE 40th St. in Miami Design District.

Images via World Red Eye

Billionaire Entrepreneur Buys $23.5 Million Penthouse Through Social Media at Jade Signature

Billionaire entrepreneur Adam Weitsman, who made his fortune in scrap metal recycling and crypto, has purchased the penthouse at Jade Signature in Sunny Isles Beach for $23.5 million. Weitsman saw the unit and completed the deal fully through social media. Weitsman was represented by Chad Carroll with Compass, who he connected with on Instagram, and ultimately made the offer sight unseen and closed the deal virtually. Weitsman is the owner and CEO of Upstate Shredding, Weitsman Recycling and founder of Viridium.

“This sale is a testament to the power of social media in real estate,” said Carroll. “My social pages have become an invaluable tool to connect with buyers and sellers from around the world and I am seeing more deals than ever before directly converting from my strong online presence.”

The sale set a record price for the building which developed by Fortune International Group and designed by Herzog & de Meuron. There are now only two sky villas remaining, which are the last developer units available. Sandra Chartouni with Fortune International Realty repped the seller.

“We believe the buyer has acquired one of the best penthouse properties in all of Miami at Jade Signature,” said Edgardo Defortuna, CEO & President of Fortune International Group. “Not only is the home over 11,000 square feet of space but it encompasses a full-floor with a continuous balcony and stunning 360-degree oceanfront views.”

The residence is a one-of-a-kind, two-story penthouse with 7 bedrooms and 9.5 baths, spanning 11,661 sq ft and over 7,500 sq ft of wrap-around balconies with an oversized jacuzzi overlooking the ocean. This two story residence has a double master suite with a private elevator to the second floor entertainment lounge. The first level is the main master bedroom with double sitting areas, master study, midnight bar, his and hers bathrooms and his and hers dressing areas. The second floor master wing includes an entertainment lounge, midnight bar, full bathroom, sauna and steam room.