Madar Group USA and ASR Construction Break Ground On 'The Mansions on Fisher Island'

Madar Group USA and ASR Construction alongside Douglas Elliman celebrated the much-anticipated groundbreaking for The Mansions on Fisher Island. Hosted by esteemed Douglas Elliman agents Fredrik Eklund and Dina Goldentayer, the exclusive event welcomed VIP brokers and their guests to witness the unveiling of a residential enclave set to redefine waterfront living in one of South Florida’s most prestigious locales. The Mansions on Fisher Island will feature only five expansive ultra-luxury residences on the 216-acre private island.

Prominent figures from the real estate industry were in attendance, including Michael S. Liebowitz, President and CEO of Douglas Elliman Inc.; Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida; as well as David-Emmanuel Cohen, CEO of Madar Group USA. The event provided a glimpse into the vision behind The Mansions—a project developed by Madar Group USA in collaboration with ASR Construction, which aims to set a new benchmark in ultra-luxury living.

The Mansions on Fisher Island will feature only five expansive residences, meticulously designed to range from 7,500 to an impressive 15,800 square feet. Each home will sit on estate lots varying from 13,000 to 18,000 square feet, ensuring ample space and privacy for future residents. With Mediterranean-inspired exteriors crafted by Portuondo Perotti Architects, the development seamlessly honors Fisher Island’s architectural history. Interior finishes, curated by Ford Interiors, promise modern elegance and sophistication, setting the stage for opulent living.

Fisher Island, renowned for its exclusivity, offers residents breathtaking views of the Atlantic Ocean and Biscayne Bay, combined with a picturesque backdrop of the Miami skyline. This 216-acre private enclave is accessible only by ferry, private vessel, or golf cart, further enhancing its allure.

Potential buyers will also benefit from Fisher Island Club membership, which grants access to an array of luxurious amenities, including a championship golf course, several fine dining establishments, a private deep-water marina, the acclaimed Beach Club, the historic Vanderbilt Mansion, and Spa Internazionale. The exclusivity of value is evident, with Lot 5 priced at $36.5 million and Lot 9 at $29.9 million—illustrating the high demand for such unparalleled properties.

The groundbreaking of The Mansions on Fisher Island represents more than just the start of a luxurious residential project; it is a significant occasion in South Florida’s real estate narrative. As the construction progresses, anticipation builds for what is sure to be a transformational addition to Fisher Island’s prestigious real estate offerings.

With luxury, exclusivity, and an unmatched lifestyle at its core, The Mansions on Fisher Island promises to be a beacon of opulence in a market that continually seeks to redefine luxury living. The future of high-end real estate on Fisher Island is indeed bright.

Images via World Red Eye and Douglas Elliman

For more information about The Mansions on Fisher Island or to inquire about purchasing a unit please fill out the form below:

Michael Liebowitz Appointed Chairman and CEO of Douglas Elliman Inc.

Michael Liebowitz has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman Inc., following the retirement of Howard M. Lorber. The announcement was made by the real estate brokerage firm, which praised Lorber for his strategic vision and years of dedication in making Douglas Elliman the premier real estate firm in the country. Liebowitz previously served as the Board Director at Douglas Elliman Inc.

“Douglas Elliman is an iconic brand, and I am honored to be appointed as Chairman and CEO to lead the Company into its next chapter of growth and diversification,” said Mr. Liebowitz. “With a strong balance sheet, robust pipeline of projects in our Development Marketing business, and the competitive advantages provided by our dedicated team of world-class agents, I am confident that Douglas Elliman’s brightest days are ahead. We look forward to continue executing on our strategic vision, building on the Company’s industry-leading position and maximizing shareholder value.”

Liebowitz, a seasoned business executive with a background in founding and acquiring businesses in the insurance and financial industries, brings a wealth of experience to his new role. Over the past 25 years, he has been involved in acquiring or founding companies such as Harbor Group Consulting LLC, National Financial Partners Corp., and Innova Risk Management. He currently serves as Chairman and CEO of Nocopi Technologies Inc.

Liebowitz has also served as President and CEO of the Harbor Group Division of Alliant and High Street Valuations, until their acquisitions by Alliant. He has previously held positions on the boards of Ladenburg Thalmann Financial Services Inc. and The Hilb Group. Additionally, Liebowitz has experience in the real estate industry and is currently working on redeveloping the Mondrian South Beach Hotel in Miami, a property he has owned since 2019.

Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and Washington, D.C. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

Image via Douglas Elliman

Mondrian South Beach Celebrates Reopening Revealing $20 Million Renovation And Baia Beach Club

The Mondrian South Beach has reopened, revealing its $20 million renovation and Baia Beach Club. The 220-room hotel, which is located at 1100 West Ave. in Miami Beach, recently completed a complete renovation including lobby, pool area, gym, spa, restaurant, event space, common areas and guest rooms. The renovation was designed by Peter Oleck and Danny Cubes of OS Design Group. The Mondrian South Beach also revealed the Baia Beach Club, a members-only club located within the hotel which is overseen by LDV Hospitality. Baia Beach Club offers a new dining concept, multiple areas for dining and entertainment throughout, seaside cabanas and pavilions, boat dockage, access to a full-service wellness facility, a fitness center, curated programming, and exclusive member-only events.

“Since partnering with Russell Galbut, I knew this property deserved a complete makeover. As the audience of the hotel grows up, so should the property. Whether visiting as a Baia Beach Club member, dining at our bayfront restaurant or staying in one of our new guest rooms, Mondrian South Beach will be a new and exciting experience for all,” said Mondrian South Beach co-owner Michael Liebowitz, CEO and founder of Harbor Group Consulting.

The Mondrian South Beach was originally designed by Marcel Wanders and first opened in 2008. In December 2019 Michael Liebowitz acquired 50% of co-owner Russell Galbut’s stake in the hotel for an undisclosed amount.

Mondrian South Beach is one of five hotels worldwide carrying the Mondrian name, which as launched in 1996 by SBE. Other Mondrian hotels currently include Los Angeles, New York, Doha and Seoul, with future locations opening in Bordeaux and Cannes in 2021. In November 2020 Sam Nazarian’s sold the remainder of his 50% stake in SBE Entertainment Group to the Paris-based Accor, who had previously acquired an initial 50% stake in the company in 2018. The acquisition included a $300 million investment from Accor who will take ownership of all hotel operations including Mondrian, SLS and Delano hotel brands. Nazarian will focus on food and beverage operations through SBE’s Disruptive Restaurant Group.