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.

Penthouse At Multiplan Real Estate Asset Management's 57 Ocean Sells For $10.9 Million To Buyer From New York

Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management, developer of 57 Ocean, has announced the sale of Penthouse 2 at the Arquitectonica-designed boutique oceanfront condominium nestled along Miami’s original Millionaire’s Row.

The residence sold for $10.9 million to New York resident Chuck Roberts, Managing Director/Investments with Stifel, The CR Wealth Management Group. 57 Ocean has been making waves among well-heeled, health-conscious buyers who have singled-out the project for its Blue Health-oriented lifestyle and ocean-inspired amenities. Roberts was represented by Dina Goldentayer Panchernikov and Ilya Panchernikov with Douglas Elliman.

Overlooking 220’ of rare unspoiled waterfront, the penthouse spans 5,205 SF of indoor space and 2,141 SF of outdoor terraces. The sprawling residence will feature a grand master bedroom with a unique outdoor spa area overlooking the Atlantic, three en suite bedrooms, five-and-a-half-baths baths, a den, home theater, outdoor summer kitchen, spacious living areas, and a gourmet chef-style kitchen. In addition to 10 flow-through Sky Residences, starting at $6.95 million, 57 Ocean has one remaining penthouse priced upwards of $35 million.

57 Ocean is located at 5775 Collins Avenue, between Atlantic Heights and Mid-Beach, in close proximity to Miami’s chic Bal Harbour Shops, the prestigious La Gorce Country Club and Golf Course, and offers views across Miami’s most exclusive expanse of beachfront. The building is slated for completion in 2021 and when complete will rise 18-stories with 71 residences. The holistic wellness-focused property will equally embrace luxury and nature with its tropically-inspired interiors by Brazilian designer Patricia Anastassiadis.

“I am honored to represent such a significant sale in one of Miami’s most high-profile addresses,” said Dina Goldentayer Panchernikov. “We know our client will be very happy to call 57 Ocean home.”

“I love this location and being able to live in a brand-new condominium on the Atlantic with so many amenities that are geared toward building a healthier lifestyle, including the calming effect of the ocean and daily strolls along the beach,” said Roberts. “This penthouse offers the best of both worlds as it’s going to have unobstructed views of the water on one side, and the city on the other. The neighborhood is also excellent. It’s more tranquil and family-friendly as it’s primarily comprised of residents versus tourists, yet I’m just a five-minute drive from South Beach.”

57 Ocean is the brainchild of Dr. José Isaac Peres, Multiplan Real Estate Asset Management’s founder and one of the most internationally renowned 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. The well-appointed homes will feature expansive terraces, each stretching 12’ deep, as well as contemporary Italian kitchens and baths by Poliform. Five-star amenities will include a holistic spa and wellness pavilion with a thermal suite and a relaxation and meditation area, as well as 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.

Renderings by DBOX for MultiplanREAM

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

Multiplan Real Estate Asset Management Breaks Ground On 57 Ocean In Miami Beach

Multiplan Real Estate Asset Management has broken ground on 57 Ocean, an ultra-high-end, 18-story boutique condominium on Millionaire’s Row in Miami Beach. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean is already being singled-out by high-end buyers worldwide for its myriad of holistic wellness amenities and services. Dozens of industry leaders and top-producing broker-associates were in attendance for the April 4 groundbreaking ceremony, which included a champagne toast and an elegant brunch in the project’s $3 million, on-site sales gallery.  The 81-unit 57 Ocean is located at 5775 Collins Avenue and has been likened to a coastal retreat, blending extravagant design with an emphasis on healthy living. Moss & Associates is the general contractor for the project.

“This is a proud moment,” said Marcelo Kingston, Managing Partner, Multiplan Real Estate Asset Management.  “Even before putting shovels in the ground, the response from the market has been tremendous. We see the global interest in our project as being indicative of the demand buyers have…not only for sophisticated oceanfront living, but access to state-of-the-art features that are designed to bolster health and wellbeing. 57 Ocean is a rarity in the marketplace, and savvy, well-heeled consumers recognize that.”

The condominium is the brainchild of Multiplan Real Estate Asset Management’s leader, José Isaac Peres, an internationally recognized Brazilian developer and owner of major residential and commercial real estate holdings. Peres, who was in attendance for the commemoration, has longstanding ties to Miami, being the visionary behind a pair of landmark South Florida projects including the concept of Jade on Brickell Bay and the development of Il Villaggio on Ocean Drive.  During the ceremony, which was temporarily moved inside on account of rain, Peres spoke passionately about his company and its longstanding mantra. 

“Multiplan is known for going well beyond expectation,” said Peres.  “We believe in giving people more than what they ask for…and when we say we are going to do something, we do it.  Those are two of our pillars.  Even for today’s groundbreaking event, people wanted to know if we were going to postpone the celebration because of the weather…but despite the clouds, we moved forward.  Again, if we say we are going to do something, we make it happen…and our beautiful ceremony took place as planned.” 

“I’m very proud to be involved with Multiplan’s latest project,” said Edgardo Defortuna, CEO of Fortune International Group, parent company of Fortune Development Sales, the project’s exclusive broker.  “They always deliver on what they promise -- and even more.  During the opening party, Dr. Peres said he was going to start construction in April, and that’s exactly what he’s done.  As indicated by early sales, the market has really embraced 57 Ocean.  It’s a testament to the notion that when you have a quality developer producing a great product, the result will be a huge success.”

57 Ocean offers two, three and four-bedroom residences, ranging from 1,200 SF to 3,600+ SF; additionally, there are also two penthouses and two beach houses. The uniquely designed homes will feature expansive terraces, each stretching 12 feet deep with panoramic ocean and city views, glass balustrades, and one-of-a-kind ceilings with wood-like accents. Units will also feature contemporary Italian kitchens and baths by Poliform. Additional highlights within the residences will include marble countertops and backsplashes, 10-foot ceilings, Wolf and Sub-Zero appliances, Italian fixtures, natural stone floors, stone wall tiles in master baths, and private elevator entrances.

Amenities are comprised of a holistic wellness spa and pavilion, complete with a thermal suite (inclusive of a steam room, aromatherapy saunas, and an ice fountain), relaxation and meditation area, and a private spa suite; two expansive infinity pools; third-floor sunset deck; poolside treatment cabanas; a pool bar and social terrace lounge; summer kitchen pavilion with a grill area; a multi-purpose club room with chef’s kitchen for full gastronomic experiences; and a state-of-the-art fitness center with innovative MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. There will also be a library, children’s activity room, 24-hour concierge, valet and security services, and pool and beachfront concessions and attendants. Residents will additionally have direct access to 220 linear feet of beach and the adjacent, Miami Beach Walk. 

Pricing at 57 Ocean ranges from $1.5 million to $31 million with Fortune Development Sales as the exclusive residential brokerage. 57 Ocean is expected to be completed in September 2021.

Photos via Dylan Rives

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

Sales Update: Renzo Piano's Eighty Seven Park Passes 60% Sold, To Break Ground Next Month

Terra's Eighty Seven Park in Surfside, designed by the legendary Renzo Piano, is reporting that pre-sales at the tower have passed the 60% mark and the developers are aiming to break ground next month (August 2017). Douglas Elliman Development Marketing is overseeing sales where reportedly among notable buyers is Million Dollar Listing New York's Fredrik Eklund. Eighty Seven Park is a joint venture headed up by Terra with Bizzi & Partners Development, New Valley and Pacific Eagles Holdings Corporation. 

Eighty Seven Park is located on Collins Avenue in North Beach at 87th St. and Collins, which is the northern-most parcel of land in Miami Beach. Eighty Seven Park will be an 18 story glass tower with expansive, unobstructed views of the Atlantic Ocean, Miami Beach and Biscayne Bay. The building was designed by famed designer and Pritzker Prize-winning architect Renzo Piano Building Workshop in collaboration with RDAI, West 8 designed the landscape architecture and Ruben and Isabel Toledo will handle branding and marketing material. Eighty Seven Park will feature 68 residences that range from 1 to 5 bedroom layout and 1,400 SF to over 7,000 SF. Pricing ranges from $1.6 million to $15.2 million. There will also be a full-time concierge and butler service, smart home and building technology and five-star amenities including a salon, resort style pool with full-service bar, valet, security, library and on-site enoteca complete with on-site wine tasting. Eighty Seven Park is expected to be completed in 2018.