First Look Inside MAJOR, Major Food Group and JDS Development's Residential And Hospitality Supertall Tower Coming To Brickell

Major Food Group (MFG) and JDS Development Group (JDS) have revealed the first images of MAJOR, the highly anticipated 90-story residential and hospitality tower, located at 888 Brickell Avenue. MAJOR will feature 259 custom residences conceived as fully hybrid layouts. Each Major Residence is designed to enable the seamless conversions into Major rooms and suites for guests while offering the most robust collection of food and beverage amenities and hospitality of any building in Miami.

A unified vision of four industry titans, Major Food Group, JDS Development, Studio Sofield, and Ken Fulk, MAJOR ushers in an unprecedented chapter of lifestyle-driven hospitality and exceptional residential design for Miami. The first ground-up, hybrid hotel and luxury condominium project from MFG, MAJOR is led by creative forces and Co-Founders Mario Carbone, Jeff Zalaznick, and Rich Torrisi, the team behind some of America’s most celebrated restaurants. The group is partnering with JDS Development Group, led by Chief Executive and Founder Michael Stern, the powerhouse developer and builder responsible for some of the most dynamic new skyscrapers in New York City and Miami.

Rising high above the recent renaissance of development in Brickell, the striking and bold MAJOR will soar to an impressive 1,049 feet tall—marking a new record height for Miami. The tower, designed by William Sofield, features an elegant and restrained façade of ivory travertine and high-gloss steel columns to express enduring weight and substance while giving a defined graphic, vertical appearance, setting it far apart from its glass and stucco neighbors. The notable crown is wrapped with a filigree of gold spheres and punctuated by extraordinary sculptures in the manner of Italian Futurism on each corner.

“MAJOR is remarkable,” stated Michael Stern, Founder & CEO of JDS Development Group. “This is the tallest, the most brilliantly designed, the best-in-class hospitality experience, with the best club, in the best city in the world.”

In a grand architectural gesture of artistry and craft, the porte cochere welcomes with an exuberant Gatsby-level energy and delight. Just off the corner of Brickell Avenue and 10th Street, residents and guests will arrive into a world trimmed in gold leaf and clad in monolithic slabs of travertine, paired with exquisite MFG hospitality and white glove service. Overhead, a grand gold-beaded screen emits a deep, warm glow—a signature beacon for the building. The tower celebrates the optimism of creativity and culture and elevates the inclusive spirit of Miami.

Each of the furnished residences in the condo-hotel, ranging from 1-to 4 bedrooms, is designed with custom furniture by Studio Sofield. The plans enable Major residences to seamlessly transform into rooms and suites for guests. Conceived as fully hybrid layouts, each Major Residence utilizes a “lockout” function, which allows for simple conversions between a private residence, suite, and/or guest room. In addition to this elegant solution for flexible living spaces, the excitement builds in the details and art, reflecting the mood of the city, the light, and the climate. With sophisticated internationalism and fantasy in mind, spaces such as the deep private terraces acknowledge shadow and shade, and still echo the expansive views of water and sky through the reflective sparkle of materials.

“With MAJOR, we honor the cultural heritage of this magnificent city, from the seductive to the sublime,” says tower designer William Sofield of Studio Sofield. “I am creating a tower that identifies with the hope and aspiration of those who live here, distinguished for quality craftmanship, contributing to the beauty of the skyline. I want to celebrate this sexy City with an indulgent swim in the only silver and gold pool in Miami.”

In signature MFG style, the project will offer impeccable service and unapologetically comfortable amenities as part of its creed to Live Major. With Studio Sofield and Fulk, Major Food Group and JDS Development conceived, designed, and programmed every inch of the 115,000 square feet of amenities throughout the property. The Food & Beverage program will include signature MFG brands and hospitality spaces and entirely new concepts exclusive to Major and feature the design of Ken Fulk. Spread over eight floors, Major will also feature amenities focused on entertaining, sports, leisure, wellness and fitness.

“The idea is to just show up, and everything is taken care of,” explains Jeff Zalaznick, MFG Co-Founder. “From the moment you wake up to the moment you go to sleep, every whim and desire is anticipated.”

MAJOR Residents will automatically become founding members of the exclusive Club onsite. The Club includes the elegantly designed Pool deck, an 80’ multi-level, terrazzo-clad sun deck and oasis, with private cabanas and poolside service through a signature Major Food Group restaurant.

Major marks a milestone in the evolution of Major Food Group, which currently operates a global portfolio of over thirty restaurants, hotels, and private clubs. MFG established roots in South Florida in 2021 with several smash successes: CARBONE and HaSalon in the South of Fifth neighborhood, Sadelle’s in Coconut Grove, the private membership venue ZZ’s Club in the Miami Design District, and the recently-opened Dirty French Steakhouse in Brickell. MFG will launch a range of additional projects in the region in the coming year, including several outposts of the brunch institution Sadelle’s. MFG will oversee all branding and hospitality programming at Major and operate the hotel.

Fulk, a longtime MFG collaborator, will be responsible for the food, beverage, and hospitality spaces at Major. Fulk has designed such atmospheric spaces as Carbone and ZZ’s Club in Miami and the new Crown Club at Brooklyn’s Barclays Center, among other exceptional experiences for the swiftly expanding MFG brand family.

MFG’s sophistication and reputation for unparalleled food and beverage experiences combined with JDS’s track record for confident, monumental design of quality and craftsmanship, sets the stage for a project of perfectly-dialed maximalism. This is JDS Development Group’s fifth supertall skyscraper and a third project in the Brickell neighborhood. Composed of a team of innovators and builders, JDS is no stranger to large-scale urban development and constantly pushes the boundaries of design, gracing the new skyline as often as they add to the fabric of the city. JDS also co-developed the record-breaking Echo Brickell condominium project and recently broke ground on the large-scale mixed-use 1 Southside Park in Brickell.

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

ArquitectonicaGEO-Designed Canopy Park Opens To Public On Alton Road In Miami Beach

Canopy Park, Miami Beach’s new three-acre community park situated between the 600 and 700 blocks of Alton Road, is now open to the public. Park-goers can enjoy open greenspaces shaded by native tree species, pedestrian trails and bike paths, an outdoor gym and dog run, a MONSTRUM-designed children’s playground, and public art displays. Designed with sustainability in mind, Canopy Park reflects how landscape architecture can serve as a green resiliency solution for coastal communities with a host of environmentally conscious features including a Maritime Hammock, bioswales, and a 25,000-gallon cistern to conserve and manage rainwater.

Additionally, Canopy Park will connect to Miami Beach’s popular South of Fifth neighborhood and complete the Miami Beach Baywalk via a new signature pedestrian bridge designed by Daniel Buren spanning the MacArthur Causeway/5th Street, creating a safe and seamless connection running from South Pointe Park north to the Lincoln Road District and east to the beachfront.

“Instead of a massive wall of rental units, we now have this exquisite greenspace in a neighborhood where no one has a backyard,” said City of Miami Beach Mayor Dan Gelber. “This park will quickly become a welcomed amenity for nearby residents and a favorite gathering spot for our entire community.”

Canopy Park was developed by TCH 500 Alton, LLC, a partnership between two of Miami Beach’s deepest-rooted real estate developers: David Martin and Russell Galbut. The development team, which is also behind the neighboring Five Park residential tower, constructed and donated the park to the City of Miami Beach’s Parks & Recreation Department as a gift to the community’s residents and visitors.

“Canopy Park will be a gateway for the City of Miami Beach, a destination for visitors, and an everyday amenity for residents, so we’ve taken the time to assemble a team of visionaries who have led some of the most transformational projects in the world,” said developer Russell Galbut of TCH 500 Alton, LLC. “We’ve created a vibrant community asset that brings people together while providing a design experience that rivals public spaces in the world’s greatest cities.”

A major design component of Canopy Park, which was imagined by landscape architect Laurinda Spear’s ArquitectonicaGEO, is a “natural play” playground by Danish design firm MONSTRUM, which is famous for creating artistic and architectural playscapes around the world. A standout element of the playground is an eye-catching slide paying homage to pioneer developer Carl G. Fisher’s cultural mascot Rosie the Elephant, an instrumental historical figure known for putting Miami Beach on the map as a luxury destination and “America’s winter playground” in the early 1920s. Infused with art and design, a distinctive sculpture by Miami-based artist Mark Handforth also enriches the outdoor space.

“Canopy Park was designed with beautiful aesthetics in mind but also serves a broader environmental purpose,” said developer David Martin of TCH 500 Alton, LLC. “The park’s innovative sustainability and resiliency attributes will benefit not only the future residents of the adjacent Five Park tower, but also the entire surrounding neighborhood.”

Canopy Park’s sustainability and resiliency features include:

• Vegetation, Biodiversity and Native Plant Communities: Canopy Park boasts lush, sustainable landscaping comprising nearly 40 different plant and tree species. There have been 221 trees and 121 palms newly planted in the park, of which 80 percent are native, and 100 percent are low maintenance and tolerant of drought. The incredibly varied plant biodiversity not only beautifies the area, but also performs incredibly important roles that will help balance ecosystems, mitigate soil erosion, decrease urban heating effects, provide habitats for threatened animals, and protect watersheds from destructive floods.

• Maritime Hammock and Habitat Restoration: In addition to the extensive tree canopy throughout the park, a Maritime Hammock, consisting of 2.6 times the required ground cover by code, anchors the north end of the park. The hammock offers crucial shade from the year-round sun, captures carbon and toxins from the air, and diminishes the urban heat island effect, cooling the surrounding area. It also restores natural habitats, regenerates roosting areas, and provides feeding opportunities for birds, bats, native bees, and other pollinators. Canopy Park aims to replicate the original tropical forests once found in Miami Beach to reinforce an original and stable ecosystem in the area.

• Irrigation, Water Conservation, and Rainwater Management: A weather-based irrigation controller and rain sensors limit watering during the rainy season. A 25,000-gallon cistern captures excess runoff during major storm events and irrigates plantings throughout the year, with a capacity to irrigate the park completely on collected rainwater for one week before needing replenishment. Green infrastructure solutions like bioswales and rain gardens allow for proper site filtration and management for all of the rainwater that enters the site. The resulting effect is that 90% of the stormwater is captured and diverted before it ever reaches Biscayne Bay, protecting wild grasses and native species from harmful debris and pollutants.

• The Million Orchid Project: In addition to the stunning greenery, Canopy Park is home to hundreds of vibrant, native orchids as part of The Million Orchid Project. Once an abundant, natural flower proliferating across Miami Beach, orchid numbers have dwindled as the City of Miami Beach has developed and expanded. To address this problem, The Million Orchid Project, the National Orchid Garden, and the Fairchild Tropical Botanic Garden – alongside local volunteers and the park’s development team – joined forces to propagate and plant over 600 wild orchids throughout the park grounds to reinstate the majestic flower in Miami Beach.

• Next door, development is currently underway at Five Park, an iconic 48-story luxury residential tower that will offer unparalleled five-star amenities, including Miami Beach’s premier resident-only members club, The Canopy Club. The project is estimated to be completed in 2024.

• Approved plans for the site also include The Miami Beach Canopy Bridge, a signature pedestrian bridge spanning 5th Street designed by international artist Daniel Buren. The Miami Beach Canopy Bridge – subtitled Walking Under, Along, and On the Colors: work in-situ by Daniel Buren – will complete the Miami Beach Baywalk, creating a safe and seamless connection running from Southpointe Park North to the Lincoln Road District and East to the beachfront. The Miami Beach Canopy will become an instant landmark for Miami Beach and a beloved work of public art that guides pedestrians along a rainbow of colorful shadows. Construction of the pedestrian bridge is expected to get underway in 2023.

Images via World Red Eye

Pebb Capital And LeaseFlorida Sell Trophy Miami Beach CVS For $17.73 Million

Pebb Capital, in a partnership with LeaseFlorida, has sold a trophy retail condominium asset on Miami Beach for $17.73 million to California-based Cove Capital Investments. CVS Health (CVS), the largest national pharmacy health care provider and a publicly traded company, is the long-term tenant, which signed a 25.5-year lease in May 2021.

Cushman & Wakefield’s National Net Lease Group, led by Blake Tagmyer, Brandon Price and Greg Mason, facilitated the sale. Emerald Creek Capital arranged $13.3 million of financing for the buyer.

Delivered in 2019, the two-story, 8,896-square-foot retail condominium property at 4000 Collins Ave. is situated under a four-story parking garage that was constructed from the ground up by the seller. It is adjacent to the historic Hampton Inn at The Continental, a 100-key Hampton by Hilton hotel at the same address that is owned, operated and was renovated in 2019 by Pebb Capital and LeaseFlorida for $25 million.

Located just one block from the ocean, CVS is at the prime intersection of Collins Avenue and 41st Street, one of Mid Beach’s busiest corridors, with daily traffic count in excess of 70,000 vehicles. There are over 2,700 hotel rooms and 6,000 residential units within a five-mile walking radius. A mile west is Mount Sinai Medical Center, one of South Florida’s largest hospitals with more than 4,000 employees and 672 beds.

“The key to retail is consistent traffic, and there’s a surplus of that at this busy corridor,” said Todd Rosenberg, co-founder and managing principal of Pebb Capital. “This sale proves the continued success of opportunistic investments with positive real estate fundamentals.”

Images via Alex T Photo

First Commercial Property To Accept Crypto In Broward County Lists on RealOpen

The first commercial property to accept crypto in Broward County has hit the market for $6.11 million. Located at 3625 W Broward Blvd., the property is also the first commercial property to be listed on RealOpen. RealOpen was founded by the star of Netflix's Selling Sunset, Christine Quinn and Christian Dumontet, and serves to move digital assets directly into real estate. The building is currently the headquarters for 123 LumpSumand owned by Structured Asset Ventures II, LLC. The property is listed with Karley Chynces with ONE Sotheby's International Realty.

RealOpen, bridges the gap between digital assets and physical goods. Using secure, proprietary software, it allows anyone, anywhere to purchase or sell a home via crypto. The platform works with the entire MLS inventory, off-market homes, buyers, sellers and agents. The way it works is after finding your home, RealOpen will verify your crypto assets to prove you have access to the funds. This significantly streamlines the process as traditionally, buyers seeking to purchase in crypto would have to liquidate their cryptocurrency to get a proof-of-funds letter from the bank.

Images via Miami Lux Media

Aventura Home In The Exclusive Island Estates Trades For Record $11.9 Million

A waterfront home in the exclusive Island Estates in Aventura has sold for a record $11.9 million. The mediterranean home is located at 4042 Island Estates Drive in the Island Estates private gated community which features 22 estate homes.

Per public record, the seller is Eric Feder who serves as the President of Lenˣ (Lennar Corporation) while the buyer is 40 40 Island Estates LLC. Chad Carroll with Compass represented both sides of the transaction and has now sold 3 homes in the neighborhood over the span of 6 months including the previous record at 3916 Island Estates Drive.

The residence features 5 bedrooms, 6 bathrooms and 2 half baths. The unique tri-level home sits along 251 feet of wide bay views and has 2 deeded docks, one lift installed which can accommodate a 20k pound boat. Home features marble & walnut wood floors, large master suite, waterfront terrace, summer kitchen, custom seating areas, pool/spa, UV & solar protected impact glass, all bedrooms with waterfront balcony, and more.

Images via Chad Carroll Group at Compass

Block E In Downtown Miami's Arts & Entertainment District Trades For $19.75 Million

A 37,252-square-foot development site known as Block E at 1550 NE Miami Place in the heart of the Arts and Entertainment District has traded for $19.75 million. The site is located within the boundaries of the opportunity zone and is zoned T6-24a O which allows the developer to build up to seven times the property land square footage and up to 500 units per acre.

Colliers’ Executive Managing Director Mika Mattingly and Senior Associate Cecilia Estevez of Collier’s Urban Core Divisionrepresented the seller, Kluger Family Trust, in the transaction. The buyer, Jenny Bernell of Clearline Real Estate, is a developer of multifamily and mixed-use real estate projects in the growing areas of Florida, New York and New Jersey. Clearline Real Estate currently has 1,500 multifamily units in the development pipeline. This transaction marks Clearline’s third development site acquisition in Miami in the last year with plans for multifamily development.

“This transaction showcases the continued growth of demand for development sites in Miami and emerging neighborhoods like the A&E district,” said Mattingly. “In a very short time we have seen the Arts and Entertainment District radically transform from a deserted, bleak industrial area, into a neighborhood with a thriving pulse.”

Block E is uniquely located 1,000’ away from the Metro mover, which provides connection to the Brightline station, downtown Miami, and Brickell. The access creates prime pathways of mobility so that tenants can embrace the “work, live, and play” aspect of the area. The district is also home to several landmarks such as the Adrienne Arsht Center for performing arts, the Perez Art Museum and the Patricia and Phillip Frost Museum of Science, all within a five-minute walk from Block E. Over the last three years, the A&E district has experienced tremendous growth with proposed developments on every corner and a number of surrounding residential projects at 100% occupancy within weeks of opening.

With the A&E district’s rapid growth capturing global attention from investors, developers, new tenants and the world’s most renowned creatives, the city of Miami made the development of the district a top priority with new zoning to allow residential and commercial density construction. Over the last two years, the number of multifamily units grew more than 20%, office inventory increased 50%, and the number of hotel rooms more than doubled. The district is quickly densifying with arts, retail and restaurants, vibrant new office development and new-to-market tenants as well as an influx of people, creating one of the most exciting new urban areas in the United States.

Image via Collier’s International Florida Urban Core Division

Boynton Beach Office Building Sells For 75% Value Increase In 1 Year

An Atlanta and South African-based buyer, OrbVest US, Inc., recently closed on Congress Executive Center, a 4-story medical and professional building located at 1301 N. Congress Avenue in Boynton Beach, FL. The property, which was 100% occupied, closed on May 12, 2022, for $11 million. The transaction represents a 75% increase in value in just one year since the previous acquisition by the seller, Triple Double Real Estate.

Executive Managing Director Mark M. Rubin, Director Bastian Laggerbauer, and Financial Analyst Jake Stauber of Colliers’ South Florida Investment Services Team represented the seller, Triple Double Real Estate, led by Andrew “Avi” Greenbaum and Jeremy B. Becker, in the transaction. Andy Belew of Consilium Capital Partners represented the buyer.

“The trade of Congress Executive Center represents a 75% increase in value from its previous purchase price, less than one year ago," said Rubin. "This sale is indicative of the strong demand for stabilized medical office properties with solid fundamentals, sound in-place tenancy and investor confidence in the Boynton Beach submarket.”

The 40,210-square-foot, 4-story, medical and professional office is located on nearly 2 acres, adjacent to the Boynton Beach Mall, which has plans for a major redevelopment. With plans for abundant shopping, dining, and entertainment across the street, Congress Executive Center stands out as one of the most strategically located medical and professional office buildings in the area.

“Congress Executive Center is a great addition to the buyer's current and impressive portfolio of healthcare real estate,” said Laggerbauer. “The seller was able to increase the property’s value significantly by attracting strong medical tenancy to the asset and achieving a 100% occupancy rate.”

The office investment market in South Florida broke records in 2021, despite uncertainties surrounding the coronavirus pandemic and return to the office delays. South Florida’s strong demand drivers like, declining unemployment, population growth, and confidence in the economy are creating an imbalance in supply and demand. Including Boynton Beach, there is limited supply of quality products with competitive buyers driving the price up; sales price per square foot increased 19 percent year-over-year, ending in 2021 at $285. Boynton Beach, amongst the rest of South Florida, is expected to see another strong year for office investment. However, high demand and limited supply will likely remain imbalanced.

Monaco Yacht Club & Residences Receives TCO, Begin Closings In Miami Beach

Monaco Yacht Club & Residences, the widely-anticipated, new boutique Bayfront residences and private marina in Miami Beach, has received its temporary certificate of occupancy (TCO), signaling the start of closings. The project was developed by Optimum Asset Management USA. Monaco Yacht Club & Residences offers just thirty-nine luxurious waterfront residences delivered fully finished with curated interiors by two of the most esteemed names in design, Piero Lissoni and Arquitectonica.

In addition to announcing this milestone, Optimum Asset Management USA has disclosed that only two residences remain – including a two-bedroom, two-and-a-half bathroom, plus den, villa with direct marina access and boat slip -- as the tower rapidly approaches a complete sell-out.

“Seeing Monaco Yacht Club & Residences come to fruition and receive TCO is an especially proud moment,” said Matthew Barry, Managing Director of Optimum Asset Management USA. “The global response to the tower has been nothing short of compelling and a testament to its international appeal. We are thrilled to be showcasing this building to the world and celebrating the continued excitement surrounding its unveiling.”

Monaco Yacht Club & Residences feature one to four-bedroom residences, ranging in size from 918 to nearly 5,000 square feet, and two one-of-a-kind penthouses with spacious living areas, private terraces and summer kitchens. Primed for indoor/outdoor living and entertaining, the meticulously designed homes feature expansive wraparound terraces – each with sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline – as well as contemporary Italian kitchens by Boffi.

Additional highlights within the residences include stone countertops, 10 to 11-foot-high ceilings throughout, large walk-in closets, private elevator entrances, and premium bathroom interiors featuring imported Italian marble flooring, large tubs and frameless, glass-enclosed rainfall showers with designer faucets.

“The DNA of the Côte d’Azur is reflected in every single design element of Monaco Yacht Club & Residences, giving residents the unique opportunity to live the one-of-a-kind South of France lifestyle,” said Edgardo Defortuna, president and CEO of Fortune International Group, the exclusive brokerage of the project. “We have a lot of excited residents that we cannot wait to welcome and celebrate the very best Miami Beach has to offer.”

Each of the modern unit interiors were meticulously curated with precise attention to detail, inclusive of the refined Italian-made fixtures and finishes, while a design palette of warm whites and rich woods was used for the lobby and the premier “Resident’s Lounge,” which features a library and breakfast bar for leisurely waterfront dining.

“It has been an honor to be part of the construction of this amazing architectural gem,” said Brett Atkinson, President of South Florida for Moss Construction, the tower’s general contractor. “It was a pleasure to work with Optimum Asset Management USA; we could not have reached TCO without our experienced subcontractors and suppliers.”

The nautically-themed, 12-story boutique building features a variety of resort-style amenities, including a rooftop terrace featuring panoramic views of the Miami skyline and a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining. Offering the best of a yachtsman’s lifestyle, a 12-slip marina is exclusively available to residents of Monaco Yacht Club & Residences, as well as a yachting concierge and other waterfront amenities such as paddle boarding and kayaking.

Units at Monaco Yacht Club & Residences are priced from $1.1 million with exclusive sales and marketing overseen by Fortune Development Sales.

BH3 Starts Demolition On Future Site Of Design 38 Mixed-Use Office Development Coming To Miami Design District

BH3 Management has begun demolition to make room for a new nine-story, 90,000-square-foot retail, showroom and office development at 3801 N. Miami Ave designed by renowned architectural firm Sieger Suarez in Miami Design District. Dubbed Design 38, the project is positioned at the southwestern entrance to the Miami Design District. Construction is slated to commence this summer.

Design 38 will feature 25-foot ceilings on ground level and 14-foot ceilings on floors 2 through 9. Tenants will enjoy open floor plans with great branding visibility, including the opportunity for naming rights with Interstate 195 exposure. Rents vary based on the floor, but average approximately $70 per square foot for typical floors on a triple-net basis. Several letters of intent from notable tenants are already in place.

“Design 38 is poised to satisfy the pent-up demand of retailers, fashion brands, showrooms, studios, and office space users that want to be in the Design District, but don’t require ground-floor locations or the higher rents associated with them,” said Gregory Freedman, Co-Founder and Co-CEO of BH3.

Miami Design District is one of the hottest neighborhoods in the world, 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 and became the first neighborhood in the world to achieve the Gold level (LEED ND: Built v4 Gold). The neighborhood was inspired by the worlds leading shopping districts including Fifth Avenue and Rodeo Drive and visitors can enjoy mature canopy-covered streets and walkways, sculptural specimen trees, and extensive rooftop gardens.

Adjacent to Design 38, a planned 15-story, 180,000-square-foot office project, The Ursa, was recently announced and will be developed by Miami Design District Associates, a partnership of Dacra, L Catteron Real Estate, and Brookfield Properties.

“Combined, Design 38 and The Ursa solidify the relevance of North Miami Avenue as the vertical core for Miami Design District,” Freedman added.

Design 38 will accept cryptocurrency as an option for lease payments. “With Miami emerging as the cryptocurrency capital of the world, accepting it as a form of lease payment is a timely point of differentiation for potential tenants,” said Daniel Lebensohn, Co-Founder and Co-CEO of BH3.”

JLL Senior Vice President & South Florida Retail Lead Zach Winkler, Senior Associate Jonathan Rosen, and Associate Lee Koniver have been tapped to spearhead leasing for the project on behalf of BH3.

Check Out This $59 Million Kobi Karp-Designed Indian Creek Island Billionaire Bunker Built by Todd Michael Glaser Which Can Be Purchased In Crypto

A $59 million waterfront compound on the star-studded Indian Creek is now accepting Bitcoin as a form of payment. The tropical modern playhouse being developed by Todd Michael Glaser and features architecture and interiors by Kobi Karp. The new construction spec mansion spans nearly 16,000-sq.ft. with 12 bedrooms and 13.5 bathrooms on a 53,696-sq.ft. lot (1.25 acres).

The main level will feature 12’ ceilings, a club room, chef and prep kitchens, a media room and a gym studio. The backyard offers tropical modern vibes with lush landscaping, 134’ of water frontage with dockage for a yacht up to 110’ yacht, a large sun deck, and an infinity pool and tanning beds perfectly placed for soaking in the sun.

Indian Creek is home to a rolodex of high profile neighbors including Tom Brady & Gisele Bündchen, Ivanka & Jared Trump, Enrique Iglesias, and more. Known as “Billionaire’s Bunker” - the 300-acre island consists of less than 40 homes and is secured by its own police force and anchored by the Indian Creek Golf Course.

37 Indian Creek Island Road is listed for $59 million by Dina Goldentayer with Douglas Elliman and will be move-in ready within 18 months.

Glaser and his partners acquired the property in the summer of 2021 for $24 million from “Sábado Gigante” host Mario Luis Kreutzberger Blumenfeld, also known as “Don Francisco,” in an off-market deal overseen by Dina Goldentayer. The existing house on the property was built in 1987 and was quickly demolished to make way for the new modern home.

Cryptocurrency closed sales and listings have been becoming more common place in Miami over the past several years. In 2021 a unit in Arte in Surfside sold for $22.5 million in crypto. The sale was followed by several in Downtown Miami including a $7.2 million sale at the nearby One Thousand Museum and Unit 5306 in Marquis Residences sold for $7.2 million in Ethereum. Recently the $34 penthouse at Regalia Residences announced that they would be taking cryptocurrency as a form of payment as well in partnership with RealOpen.

Images and renderings via Todd Michael Glaser, Dina Goldentayer and Kobi Karp