OKO Group And Cain International's Missoni Baia Has Topped Off At 57-Stories In Edgewater
OKO Group and Cain International’s Missoni Baia tower in Miami is one step closer to completion after topping out at 57 stories, 649’. The Missoni-branded luxury condominium is designed by Asymptote Architecture, led by Hani Rashid, and is located at 777 NE 26th Terrace along Biscayne Bay.
OKO Group and Cain International’s Missoni Baia tower in Miami is one step closer to completion after topping out at 57 stories, 649’. The Missoni-branded luxury condominium is designed by Asymptote Architecture, led by Hani Rashid, and is located at 777 NE 26th Terrace along Biscayne Bay in the City’s Edgewater neighborhood. Most of the tower’s 249 units are already sold ahead of its projected completion later this year with $110 million in sales since January 2021.
Missoni Baia is being developed by a partnership between OKO Group, one of South Florida’s most active and successful luxury development firms helmed by international real estate mogul Vladislav Doronin, and Cain, a privately held investment firm with approximately $6.7 billion in real estate equity, debt and leisure business investments led by Jonathan Goldstein. Sales and marketing are led by Fortune Development Sales.
“Miami has garnered much attention in the last year and is arguably one of the most dynamic cities in the United States, possibly the world at the moment,” said Jonathan Goldstein, CEO of Cain International. “We are thrilled with the momentum we are seeing across our residential portfolio and remain confident that Missoni Baia will continue to benefit from its coveted waterfront location, proximity to Miami’s CBD and Design District, as well as its world-class design features and amenities. Reaching this milestone is a huge step for Cain and our partners and we look forward to continuing to support Miami’s growth into a global gateway city.”
The top off announcement comes as Miami’s real estate market experiences a surge in sales from domestic buyers, specifically coming from major U.S. cities across the Northeast and Midwest regions, enticed by South Florida’s desirable quality of life, lower business and living expenses, and tax-friendly policies. Since January 2021, Missoni Baia has completed over $110 million in condo sales, widely purchased by domestic buyers either buying second homes or looking to relocate to Miami completely.
Missoni Baia’s modern architectural design and sleek, minimalist art-inspired façade is being brought to life by architect Hani Rashid of Asymptote Architecture, with a richly layered landscape designed by Enzo Enea of Enea Garden Design.
“With its exceptional location, spectacular views, superior quality and top-of-the-line luxury amenities, Missoni Baia stands out as one of the best value-buys in all of Miami – and we’re excited to soon welcome residents to their new homes,” said OKO Real Estate CEO Vanessa Grout, who oversees sales for OKO Group. “As we quickly approach the building’s completion later this year, purchasers are seeing a new standard of construction and design brought to Miami’s best new neighborhood.”
As Missoni’s first-ever branded residential tower, the Italian design and fashion house is incorporating its trademark colorful design palette and Missoni Home furniture collection into the tower’s vibrant interiors, including all public spaces and amenity areas. New York designer Paris Forino, under the creative direction of Angela and Rosita Missoni, has envisioned the tower’s elegantly crafted residences, furnishings, and artworks.
Priced from about $650,000 to upwards of $9 million, residences at Missoni Baia range from one- to five-bedroom layouts measuring between 776 and 3,788 SF in size. Every residence offers direct bay or city views, with panoramic vistas of Biscayne Bay, Downtown Miami, Miami Beach, and the Atlantic Ocean.
Residences feature 10’ ceilings, 8’-10'-deep terraces, impact-resistant glass windows and sliding doors, floor-to-ceiling glazing, marble-encased bathrooms with European style lacquered cabinets and mosaic tile floors, and custom-designed kitchen cabinetry with top-of-the-line appliances.
Amenities at Missoni Baia will include an array of sporting and leisure activities that will integrate the comfort of a luxury resort with the ambiance of a private residence. Residents will enjoy five separate pools including an Olympic-sized swimming pool, a cantilevered infinity pool with limitless views of Biscayne Bay, a lounge pool, whirlpool spa, and a children’s pool and splash pad area. The tower will also feature two poolside resident lounges, private cabanas, elevated tennis courts, one of the city’s largest and elegantly appointed spas with sauna/steam facilities and private massage treatment rooms. Additional perks include a state-of-the-art gym with 180-degree bay views, dedicated yoga and Pilates studios, a kids’ club and indoor play area, a hair and nail salon, a pet spa, and a private screening room. Residents will also receive exclusive membership access to the Grand Bay Club on the beachfront of Miami’s Key Biscayne.
Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways,, the two main arteries connecting the City of Miami and Miami Beach, Edgewater has fast-emerged as the epicenter of the new Miami. The surrounding neighborhoods of Downtown’s Arts & Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach put residents within blocks of luxury retail shops, high-end restaurants and world-class arts and culture venues.
Missoni Baia is OKO Group and Cain International’s latest residential tower in Miami. The team has another two developments under construction nearby, including Una Residences, a 47-story luxury condominium on the waterfront in the City’s South Brickell District, and 830 Brickell, a class A-plus office tower in the heart of Downtown’s Brickell Financial District – both designed by Adrian Smith + Gordon Gill. Additionally, OKO Group recently received approval to bring an Aman Hotel & Residences to Miami Beach’s Faena District.
Images via Golden Dusk Photography; Renderings via OKO Group & Cain International
For more information about Missoni Baia, private showings or purchasing/ leasing information please fill out the form below:
OKO Group and Cain International Complete $74 Million in Condo Sales Since the Start of the New Year at Miami’s Missoni Baia and Una Residences
Miami’s newest luxury condominium towers are tapping into a surge of domestic buyers fueled by the city’s desirable quality of life, lower business and living expenses, and Florida’s tax-friendly policies.
Miami’s newest luxury condominium towers are tapping into a surge of domestic buyers fueled by the city’s desirable quality of life, lower business and living expenses, and Florida’s tax-friendly policies. At Missoni Baia and Una Residences, two new luxury towers under development by OKO Group and Cain International in Miami, approximately $74 million in sales have been completed in the last 60 days. The vast majority of units sold have been purchased by domestic buyers, reflecting the influx of new residents pouring into South Florida from cold weather and tax-burdened states.
This recent surge in sales from domestic buyers is the latest example of how business and wealth migration is fueling the South Florida condo market. The pandemic, coupled with people and companies looking to relocate from major U.S. cities – specifically in the Northeast and Midwest regions – to tax-friendly states with reduced business and living expenses, is enticing out-of-state residents to make the move to South Florida, with this trend expected to continue throughout 2021.
According to a recent report by brokerage ISG World, domestic buyers have taken over as the leading source of new condo purchases in Miami and Fort Lauderdale during the pandemic, with only 3.9 percent of recently completed units remaining unsold in December 2020. The latest statistics support that fierce competition and ballooning prices for single-family homes in South Florida are driving buyers toward condominiums instead.
“We’ve just had our best month of sales, and we’re seeing demand for condos intensify as the inventory of single-family homes continues to dwindle and Miami’s newest residents put emphasis on low maintenance, high-touch service and amenities that only a condo can offer,” said Vanessa Grout, CEO of OKO Real Estate, the sales and marketing arm of OKO Group. “Now that remote work has become so prolific and many people can work from wherever they choose, we’re seeing buyers from cities like New York, Chicago and San Francisco making the move to South Florida. They’re attracted by our lifestyle, our diverse culture and business community, and an overall quality of life.”
Now under construction, Missoni Baia and Una Residences are being developed by a partnership between OKO Group, one of South Florida’s most active and successful luxury development firms helmed by international real estate mogul Vladislav Doronin, and Cain International, a privately held investment firm with over $6.3 billion in real estate equity, debt and leisure business investments led by Jonathan Goldstein.
“This accelerated sales momentum reaffirms our strong belief in Miami's innovation, culture and lifestyle and its future as a global gateway city. We are extremely pleased with the progress across our Miami portfolio and look forward to delivering two world-class developments to the city’s residential market and welcoming their residents in the near future.” said Jonathan Goldstein, CEO of Cain International.
Designed by Hani Rashid of Asymptote Architecture, Missoni Baia is a 57-story luxury residential tower now rising on Biscayne Bay in Miami’s Edgewater neighborhood. As the Missoni brand’s first-ever residential project, the Italian fashion house is incorporating its trademark colorful design palette and Missoni Home furniture collection into the tower’s vibrant interiors, including all public spaces and amenity areas. The waterfront tower’s 249 residences range from one- to five-bedroom layouts measuring between 776 and 3,788 square feet in size. Units are priced from approximately $950,000 to upwards of $9 million. Construction of the 649-foot-tall tower is well underway and is expected to be completed in late 2021.
The 47-story Una Residences tower, designed by internationally renowned Adrian Smith + Gordon Gill Architecture (AS+GG), is situated on Miami’s waterfront in the city’s picturesque and private South Brickell neighborhood. Private elevators open up into the glass tower’s 135 spacious residences, which range from two- to five-bedrooms and measure between 1,100 to 4,786 square feet in size – with all units boasting unobstructed views of the Atlantic Ocean, Biscayne Bay and the Miami city skyline. Units are priced from $2.2 million to $7.4 million, with two ultra-exclusive penthouses with private pools priced up to $21.6 million. Construction of the 579-foot-tall tower is underway, with completion expected in 2023.
Additionally, OKO Group and Cain International are developing 830 Brickell, a class A-plus office tower also designed by Adrian Smith + Gordon Gill Architecture, currently under construction in the heart of Brickell’s Financial District. OKO Group’s plans to bring an Aman Hotel & Residences to Miami Beach were also recently approved by the City of Miami Beach. Construction of the ultra-luxury development is expected to start this year.
Cain International was recently appointed to lead the strategic reposition of the famed Delano hotel in Miami’s South Beach, adding to the firms growing hospitality footprint across global gateway cities. Cain’s additional US hospitality investment assets include the Waldorf Astoria Beverly Hills, the Beverly Hilton Hotel, and the Raffles Hotel and Residences Boston Back Bay. The firm has also partnered with OKO Group on the financing of the Aman Hotel & Residences in New York City’s historic Crown Building.
For more information about Una Residences or Missoni Baia, private showings or purchasing/ leasing information please fill out the form below:
Construction On Missoni Baia Passes Halfway Point Milestone In Edgewater, On Track For 2021 Delivery
Vertical construction on Missoni Baia, a 57-story waterfront glass tower now rising along Biscayne Bay at 777 NE 26th Terrace in Miami’s Edgewater neighborhood, has reached the milestone halfway mark. The building’s general contractor, Civic Construction, has completed the skyscraper’s 28th floor, with about one full level expected to be completed every week going forward until top-off in March 2021.
Vertical construction on Missoni Baia, a 57-story waterfront glass tower now rising along Biscayne Bay at 777 NE 26th Terrace in Miami’s Edgewater neighborhood, has reached the milestone halfway mark. The building’s general contractor, Civic Construction, has completed the skyscraper’s 28th floor, with about one full level expected to be completed every week going forward until top-off in March 2021.
Missoni Baia is the vision of international real estate magnate Vladislav Doronin, Chairman and CEO of OKO Group, and Cain International. OKO Group and Cain International launched construction of the 649-foot-tall tower in 2017 and the project is slated for delivery in late 2021.
“Building Missoni Baia to its midpoint milestone is a remarkable moment for our team as we bring this elegantly designed, landmark project to life,” said developer Vladislav Doronin, Chairman and CEO of OKO Group. “As we accelerate towards completion later next year, Missoni Baia will be a retreat in the center of one of Miami’s most up-and-coming districts. Missoni Baia’s picturesque bayfront location, stunning uninterrupted views, world-class design and amenities worthy of a luxury resort will brand it an icon of Miami.”
“Miami is a dynamic gateway city and Missoni Baia represents the kind of luxury product that we strongly believe will continue to draw domestic and international interest,” said Jonathan Goldstein, CEO of Cain International. “This milestone is a testament to the team’s diligence and hard work despite the challenges presented by the current environment.”
Missoni Baia’s modern architectural design and sleek, minimalist art-inspired façade is being brought to life by architect Hani Rashid of Asymptote Architecture, with a richly layered landscape designed by Enzo Enea of Enea Garden Design.
As Missoni’s first-ever branded residential tower, the Italian design and fashion house is incorporating its trademark colorful design palette and Missoni Home furniture collection into the tower’s vibrant interiors, including all public spaces and amenity areas. New York designer Paris Forino, under the creative direction of Angela and Rosita Missoni, has envisioned the tower’s elegantly crafted residences, furnishings, and artworks.
Priced from about $600,000 to upwards of $9 million, Missoni Baia’s 249 residences range from one- to five-bedroom layouts measuring between 776 and 3,788 square feet in size. Every unit will also offer direct bay or city views, with panoramic vistas of Biscayne Bay, Downtown Miami, Miami Beach, and the Atlantic Ocean. Residences feature 10-foot ceilings, 8-10-foot-deep terraces, impact-resistant glass windows and sliding doors, floor-to-ceiling glazing, marble-encased bathrooms with European style lacquered cabinets and mosaic tile floors, and custom-designed kitchen cabinetry with top-of-the-line appliances.
Missoni Baia residents will have access to a comprehensive array of sporting and leisure amenities that will integrate the comfort of a luxury resort with the ambiance of a private residence, enjoying five separate pools including an Olympic-sized swimming pool, a cantilevered infinity pool with limitless views of Biscayne Bay, a lounge pool, whirlpool spa, and a children’s pool and splash pad area. The tower will also feature two poolside resident lounges, private cabanas, elevated tennis courts, one of the city’s largest and elegantly appointed spas with sauna/steam rooms, and private massage treatment rooms. Additional perks include a state-of-the-art gym with 180-degree bay views, dedicated yoga and Pilates studios, a kids’ club and indoor play area, a hair and nail salon, a pet spa, and a private screening room. Furthermore, residents will also receive exclusive membership access to the Grand Bay Club on the beachfront of Miami’s Key Biscayne.
Missoni Baia is OKO Group and Cain International’s latest residential tower in Miami. The team has another two developments under construction nearby, including Una Residences, a 47-story luxury condominium on the waterfront in the city’s South Brickell District, and 830 Brickell, a class A-plus office tower in the heart of Downtown’s Financial District, both designed by Adrian Smith + Gordon Gill. Additionally, OKO Group recently announced plans to bring an Aman Hotel & Residences to Miami Beach’s Faena District.
OKO Group Reveals New Townhome Collection At Missoni Baia In Edgewater
Miami-based OKO Group has revealed their new townhome collection at Missoni Baia in Miami’s Edgewater neighborhood. The 57-story waterfront tower is currently under construction rising alongside Biscayne Bay. Missoni Baia’s two-story townhomes will provide buyers with the best of both worlds, the feeling of life in a waterfront home and the amenities of a luxury condominium.
Miami-based OKO Group has revealed their new townhome collection at Missoni Baia in Miami’s Edgewater neighborhood. The 57-story waterfront tower is currently under construction rising alongside Biscayne Bay. Missoni Baia’s two-story townhomes will provide buyers with the best of both worlds, the feeling of life in a waterfront home and the amenities of a luxury condominium. Pricing starts at $3.6 million for a 4,341 square foot waterfront residence with 4 bedrooms and 5.5 bathrooms.
The townhomes features include an abundance of outdoor space overlooking Biscayne Bay, private elevators, double height floor-to-ceiling glass windows, and an additional study/service room giving buyers plenty of flexibility to create a private in-home gym and/or home office space.
Missoni Baia is being developed by OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, in partnership with Cain International. Missoni Baia will feature 249 condo residences situated along 200' of frontage on Biscayne Bay at 777 Northeast 26th Terrace. Amenities include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, 5 swimming pools including an Olympic-sized lap pool, hot and cold plunge pools, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis court and an expansive fitness center and spa overlooking the bay.
Missoni Baia was designed by Hani Rashid of Asymptote Architecture with interior design of the building incorporating Missoni’s trademark colorful design palette and Missoni Home furniture collection in inventive ways, including in all public spaces and amenities. Sales are being overseen by Fortune Development Sales.
For more information about Missoni Baia, private showings or purchasing/ leasing information please fill out the form below:
OKO Group's Vladislav Doronin Buys Fort Lauderdale Assemblage for $63 Million
A land trust controlled by OKO Group’s Vladislav Doronin, a billionaire real estate developer from Russia who is now has headquarters in New York and Miami, has acquired a 6.7 acre assemblage in Fort Lauderdale for $63 million.
A land trust controlled by OKO Group’s Vladislav Doronin, a billionaire real estate developer from Russia who is now has headquarters in New York and Miami, has acquired a 6.7 acre assemblage in Fort Lauderdale for $63 million. The acquisition was financed with a $33 million loan from Michael Dell’s MSD Partners. The assemblage is located just south of the New River and Las Olas Boulevard and includes 3 full blocks, 27 parcels, one of which includes the site of Dev Motwani’s 629 Residences, a 34-story, 251-unit apartment building at 629 SE 5th Ave. OKO Group is reportedly planning a pedestrian-oriented mixed-use development.
OKO Group has been on the move in South Florida. The news of the assemblage acquisition comes just one week after OKO Group announced that Vanessa Grout was appointed CEO of the newly formed OKO Real Estate which would oversee the OKO Group’s sales and marketing. OKO Group also recently broke ground on Una Residences in Brickell and announced the Aman Hotel & Residence in Miami Beach’s Faena District. Construction continues on the 830 Brickell office tower and Missoni Baia luxury condo building in Edgewater.
Vanessa Grout Named CEO of OKO Group’s New Venture
Vanessa Grout has been named the CEO of OKO Real Estate, a new venture to expand the sales and marketing capabilities of Vladislav Doronin’s OKO Group. OKO Group currently has four projects under construction in Miami, including Una Residences and Missoni Baia, and another project under construction in Manhattan.
Vanessa Grout has been named the CEO of OKO Real Estate, a new venture to expand the sales and marketing capabilities of Vladislav Doronin’s OKO Group. OKO Group currently has four projects under construction in Miami, including Una Residences and Missoni Baia, and another project under construction in Manhattan. Vanessa Grout has worked in the real estate sector for 16 years, most recently as President of Ugo Colombo’s CMC Real Estate, where she ran sales and marketing for Brickell Flatiron. With the launch of this new brokerage firm, OKO Group will continue to grow throughout South Florida, New York and in other major U.S. cities.
“We are pleased to welcome Vanessa Grout to OKO Group and to expand our business. I have known Vanessa for many years, she has been a friend and a valued supporter,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are optimistic on the growth of the real estate sector in Miami which is why we have decided to bring Vanessa on board and to expand our offering. Buyers are choosing Miami to invest in their future; Miami is a good real estate investment as well as an investment in the quality of their future life.”
Renowned for working with internationally acclaimed architects including Pritzker Prize–winning architect Zaha Hadid, real estate magnate Vladislav Doronin has developed 71 buildings and 75 million SF of world-class residential and commercial property internationally.
“I am thrilled to be joining this expert team and to work alongside Vladislav Doronin to help expand OKO Group’s existing offering with the creation of OKO Real Estate,” said Vanessa Grout, CEO of OKO Real Estate. “This move follows the completion and successfully selling out Brickell Flatiron in Downtown Miami, the most recent project I oversaw.”
In Miami’s Edgewater neighborhood, construction on Missoni Baia surpassed the tenth floor and saw the recent sale of one of its two penthouses for $10 million. Una Residences recently broke ground and saw the commencement of construction on the luxury residential building’s foundation on Miami’s waterfront. OKO Group continued vertical construction on 830 Brickell, a 57-story highly-amenitized office skyscraper designed by one of the world’s leading architecture firms, Adrian Smith + Gordon Gill Architecture (AS+GG) in the heart of Miami’s financial district. OKO Group has closed on the development loan for Aman Miami which will bring an Aman hotel and Aman-branded residences to Miami Beach’s Faena District, on the site of the former Versailles Hotel at 3425 Collins Ave. Construction is also underway in New York where OKO Group is transforming The Crown Building, located at 5th Avenue and 57th Street, into Aman New York.
Missoni Baia Completes Foundation With Second Concrete Pour
The second part of Missoni Baia’s foundation was recently completed by joint venture partners Civic Construction and Ant Yapi. Over the course of 17 hours, starting at 3 a.m., 3,900 cubic yards of concrete and 810 tons of rebar (the weight of approximately 65 school buses) was poured. This completed the mat foundation for the project.
Check Out The Construction At OKO Group's Missoni Baia Where Vertical Rise Has Now Passed The 6th Floor
Construction is rapidly progressing at the Missoni Baia site in Edgewater where the parking garage has reached three quarters of its full height since construction teams completed the sixth floor. The tower first went vertical in September 2018 and broke ground in October 2017.
Construction is rapidly progressing at the Missoni Baia site in Edgewater where the parking garage has reached three quarters of its full height since construction teams completed the sixth floor. The tower first went vertical in September 2018 and broke ground in October 2017. Over the phase of construction construction teams poured a total of 5,840 cubic yards of concrete which equates to over 580 full drum loads of a cement mixer truck. Using two crawler cranes on site construction teams also lifted over 2.6 million pounds of precast joist beams, over half a million pounds of precast soffit beams and 675 tons of reinforcing steel; in total roughly 2,255 tons of material lifted or 11 times the weight of the Missoni Baia 200-ton crawler crane. In the next phase of construction, the Missoni Baia amenities deck and tennis court will be poured and cast and foundation work for the tower will continue as the 57-story tower nears its completion in 2020.
Missoni Baia is being developed by OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, in partnership with Cain International. Missoni Baia will feature 249 condo residences situated along 200' of frontage on Biscayne Bay at 777 Northeast 26th Terrace. Prices start in the $500,000's for a 1 bedroom residence. Units range from 1 to 5 bedrooms, and 776 SF to 3,788 SF. Missoni Baia will rise 57-stories, 649', and was designed by Hani Rashid of Asymptote Architecture with interiors and amenities designed in collaboration with Missoni. Amenities include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, 5 swimming pools including an Olympic-sized lap pool, hot and cold plunge pools, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis court and an expansive fitness center and spa overlooking the bay.
The exclusive drone construction video can be found below:
For more information about Missoni Baia, private showings or purchasing/ leasing information please fill out the form below:
Construction At OKO Group's Missoni Baia Goes Vertical In Edgewater
OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, has announced that the foundation work for Missoni Baia is now complete and construction crews have taken the tower vertical.
OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, has announced that the foundation work for Missoni Baia is now complete and construction crews have taken the tower vertical. The foundation includes 190 piles totaling 12,160 linear feet, more than 345 tons of steel-reinforcing bar, and 2,250 cubic yards of concrete, the equivalent of 225 full drum-loads in a cement mixer truck. Crews are now working on the installation of columns and shear walls is underway for the building’s expansive amenities deck and parking garage, which will include space for 398 cars and 17 private parking stalls. Construction is on track for the expected completion in late 2020 with crews pouring one floor per week.
“We are extremely pleased with Missoni Baia’s progress to date and look forward to seeing the tower’s contemporary architecture take shape on this unique waterfront location overlooking Biscayne Bay,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are certain the building will have a profound effect on the Miami skyline, in addition to offering an elevated and unparalleled living experience in Edgewater, which is already one of the city’s most sought-after residential destinations.”
“We look forward to the steady ascent of the Missoni Baia tower as it rises to become a formative addition to East Edgewater and the Miami skyline," said Jonathan Goldstein, CEO of global real estate investment firm Cain International, and OKO Group’s partner. “With OKO Group and Cain International’s combined experience, developing over 20,000 apartments and condos across the globe, Missoni Baia will deliver first class luxury and amenities in an iconic Miami skyscraper."
“The Missoni Baia project continues to resonate well with the domestic market and also with international buyers, particularly those from Mexico, Colombia and Brazil. It is a great confidence boost to see the progress made and we are excited to witness the daily changes on site as construction climbs skyward.” said Edgardo Defortuna, president and CEO of Fortune Development Sales.
Missoni Baia will feature 249 condo residences situated along 200' of frontage on Biscayne Bay at 777 Northeast 26th Terrace. Prices start in the $500,000's for a 1 bedroom residence. Units range from 1 to 5 bedrooms, and 776 SF to 3,788 SF. Missoni Baia will rise 57-stories, 649', and was designed by Hani Rashid of Asymptote Architecture, who are pioneers in the convergence of art and technology in architectural design. The interior design of the building incorporates Missoni’s trademark colorful design palette and Missoni Home furniture collection in inventive ways, including in all public spaces and amenities. Amenities were designed in collaboration with Missoni and offer the comforts of a luxurious resort in a private residential setting. Features include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, 5 swimming pools including an Olympic-sized lap pool, hot and cold plunge pools, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis court and an expansive fitness center and spa overlooking the bay. The drone construction video can be found below:
Nukondo: Capturing the International Buyers Market in Miami
South Florida has and continues to be a hotbed for international buyers, according to the 2017 Survey conducted by the Miami Association of REALTORS. Foreign buyers purchased 15,400 residential units (between August 2016 - July 2017), totaling over $7.2 billion in sales in the Miami-Dade, Broward, Palm Beach, and Martin counties.
A new real estate tech company called Nukondo is attempting to capitalize on this market segment. Their app provides a platform for real estate developers and new construction brokers to stay informed on the latest luxury projects. It standardizes and distributes this information globally, so that buyers and their agents can decide which condominium is most suited for their needs.
After three months of beta-testing, Nukondo has successfully on-boarded 72 of the most prominent projects in Miami such as One Thousand Museum, Missoni Baia, and Turnberry Ocean Club, with over 10,000+ units in inventory. “Our app helps developers expose their projects globally 24/7, allowing them to speed up sales and cut marketing costs,” says founder Jorge Brugo. “Be informed when you’re searching for that special new condominium and make sound buying decisions.”
Nukondo exposes international buyers to the Miami and Florida markets and directs them to a condominium sales team. In Miami, these international buyers are primarily coming from:
1. Argentina: 15%
2. Venezuela: 11%
3. Canada: 11%
4. Colombia: 9%
5. Brazil: 8%
The company will move into its full release once user feedback and content curation have been finalized. The company plans to scale beyond its pilot market of Miami, into other major U.S. and international metropolitan cities.
Article by: Katya Demina & Stephanie Warren
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.