Location Ventures Completes Luxury Condominium 'Villa Valencia' In Coral Gables

Following record-breaking sales and its distinction as the first U.S. condominium development to integrate the revolutionary Delos’ DARWIN™ Home Wellness Intelligence network, Location Ventures has received its TCO for Villa Valencia. The now complete luxury condominium building in Downtown Coral Gables delivers a collection of 39 luxury condominiums which are currently 95% sold. The building was constructed by general contractor Winmar Construction. Closings are currently underway, and residents have begun to occupy their residences.

Villa Valencia has a limited amount of inventory remaining, including a $14.9 million upper penthouse which is also the most expensive listing in the submarket. Throughout its sales process, the building has set an unrivaled new standard for luxury condominium living in “The City Beautiful,” currently holding the record for the condo with the highest price-per-square-foot ever sold in the area at $1,100 per square foot.

Villa Valencia is centered on three pillars, nature, technology and wellness, to promote optimal living unlike any other. At its coveted address, 515 Valencia Avenue, the development has integrated Delos’ pioneering DARWIN Home Wellness Intelligence network within residences, as well as throughout common areas. This exclusive system is the world’s first platform aimed at enhancing human health, well-being, sleep and performance by monitoring and calibrating air, light and water quality. It aligns technology with nature’s intent by using innovation to bring the best of organic outdoor conditions, inside.

“Not only is this a pivotal moment for Location Ventures and Coral Gables, but also for wellness real estate,” said Rishi Kapoor, CEO of Location Ventures. “Villa Valencia showcases the ongoing demand for health-centric amenities and well-designed spaces that mirror those of nearby estates. Located in a desirable, growing Miami suburb, it is a testament that high quality and timeless elegance in a legacy offering is in great demand.”

With wellbeing as a centerpiece, Villa Valencia’s amenity program leaves no stone unturned. The building is complete with a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, as well as a state-of-the-art fitness facility with yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall is complemented by two summer kitchens, spacious sunbeds and resident-owned cabanas.

Most recently, Villa Valencia debuted Elevate Wellness, a bespoke wellness program that presents spa and wellness services tailored to residents’ needs. This includes closet organization, physician-led health evaluations, acupuncture for humans and canines, dietician-led consultations, and more. The project will also feature an adjoining 9,000-square-foot public park with lush landscaping, contributing to Coral Gables’ green spaces.

Villa Valencia’s architectural DNA is a fresh rendition of Coral Gables signature Mediterranean architecture style, paired with tropical modern interiors. Each residence features private elevator entry and superior finishes such as European flooring, exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops. Expansive outdoor terraces accompany each living space.

“We are proud to be a part of Villa Valencia’s journey from conception to completion,” said Daniel de la Vega, President, ONE Sotheby’s International Realty. “Location Ventures set out to deliver one of the most iconic buildings in the city, and that is exactly what they did. Villa Valencia is a market maker in a category of its own. With over $100 million sold to date, this is an unprecedented moment for our teams and the incredible city of Coral Gables. We are truly privileged to have achieved this milestone together.”

Fort Partners Pays Off $210 Million Construction Loan at Four Seasons Fort Lauderdale

Miami-based development firm Fort Partners has today announced that the $210 million construction loan for the Kobi Karp-designed Four Seasons Hotel and Private Residences Fort Lauderdale has been paid off. The loan, financed by Madison Realty Capital, became the largest residential construction loan in Fort Lauderdale history when it closed in 2019, and still holds that title today.

“With the opening of the hotel, closings well underway and only a handful of residences remaining for sale, we are incredibly proud of our team at Four Seasons Fort Lauderdale,” said Nadim Ashi, Founder of Fort Partners. “Paying off this construction loan is a very important milestone for us, and comes just as the project is debuting to the world for the first time.”

Four Seasons Fort Lauderdale features 148 guest rooms and 83 residences ranging in size from one- to four-bedrooms, with each residence offering expansive living spaces and generous outdoor terraces overlooking the Atlantic Ocean and Intracoastal Waterway. The hotel celebrated its official opening earlier this month, and residents began moving in shortly thereafter. Sales have been incredibly strong at the development, and now there are only three residences left for sale. Current availability is priced from $4.6 million.

"The pace in which we were able to achieve near sellout and pay off Fort Lauderdale’s largest construction loan in history is unprecedented for the area," added Ramzi Achi, Principal of Fort Partners. “Four Seasons Fort Lauderdale is a first-of-its-kind luxury development, and it’s been gratifying to see buyers recognize this tremendous value.”

Images via Rich Stapleton

The Developers of One Thousand Museum by Zaha Hadid Architects Pay Off $90 Million Inventory Loan Following Miami Art Week Sales

The developers of One Thousand Museum by Zaha Hadid Architects have paid off a $90 million inventory loan following a successful Miami Art Week 2021 which saw two units sell for a combined $30 million. A local buyer from Miami purchased a full-floor unit and a foreign buyer purchased a sky townhouse unit. One Thousand Museum is now 90% sold after 76 of the developer units have now been sold. Three furnished developer units remain.

The condo inventory financing was secured March 2021 from Cirrus Real Estate Partners after a Reuben Brothers-led venture, who had bought out the remainder of Fortress Investment Group’s stake in the debt behind the development, had filed a foreclosure lawsuit against the developers. Fortress Investment Group had initially provided a $225 million construction loan in 2016, half of which was later acquired by the Reuben Brothers-led venture, before a portion was paid back by the developers and the property was refinanced by Cirrus Real Estate Partners.

“Satisfying our $90 million loan in eight months comes during a buying frenzy and Miami’s high season, which we expect to take One Thousand Museum to sellout quickly,” said Louis Birdman, co-developer of One Thousand Museum. “Alongside Cirrus Real Estate Partners and our long-time collaborators at ONE Sotheby’s, we’re proud to conclude another chapter in this iconic building.”

“As a testament of the recent success leading to the loan payoff, during Art Week alone, our sales team inked two large sales totaling more than $30 million,” said Kevin Venger, co-developer of One Thousand Museum.

“One Thousand Museum is a unique and iconic property that will be enjoyed by its residents and a significant part of the downtown Miami skyline for years to come, said Joseph McDonnell, Managing Partner for Cirrus Real Estate Partners. “We are extremely pleased that the capital solution we provided to the sponsor group of One Thousand Museum facilitated the property performing to its full potential and, consequently, such quick repayment of our investment. Working with the developer group has been a pleasure and we look forward to collaborating with them again in the near future.”

One Thousand Museum was developed by Louis Birdman, Kevin Venger, Gilberto Bomeny, Gregg Covin and Todd Michael Glaser. The tower officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The tower was the designed by the late Zaha Hadid and was her first residential skyscraper in the Western Hemisphere. The unique tower features an exoskeleton which was made from glass fiber reinforced concrete imported from Dubai.

One Thousand Museum rises 62-stories and offers 84-units. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor.

Photography by Robin Hill Photography

Ivanka Trump And Jared Kushner Rent Condo In Arte by Antonio Citterio In Surfside

President Donald Trump’s daughter and son-in-law, Ivanka Trump and Jared Kushner, have reportedly signed a lease at ARTE by Antonio Citterio in Surfside, developed by Alex Sapir and Giovanni Fasciano. The news comes as President Trump leaves the White House for his nearby Mar-A-Lago estate in Palm Beach. Ivanka Trump and Kushner acquired a property for $32 million in December 2020 on Indian Creek Island, an ultra-exclusive billionaire bunker enclave adjacent to Surfside. The Sapir Organization has close ties to the Trump Organization as the pair developed the Trump Soho in partnership with Bayrock, a hotel condominium in Manhattan’s Hudson Square neighborhood which was completed in 2008.

ARTE is a 12-story luxury oceanfront building comprising of just 16 exclusive residences, located at 8955 Collins Avenue in Surfside. ARTE was developed by Alex Sapir and Giovanni Fasciano and designed by Italian master architect Antonio Citterio. ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE features a full-suite of lavish amenities including a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Quadrum Global Breaks Ground On The NBWW-Designed Arlo Wynwood Hotel

Arlo Wynwood has become the first hotel in Wynwood to break ground. The project is expected to cost $29.6 million and construction will be overseen by Plaza Construction. When complete the hotel will feature 217 pod-style hotel rooms and rise 9-stories with 141,758 square feet of total development. Arlo Wynwood is designed by Nichols Brosch Wurst Wolfe & Associates Architects (NBWW) and is located at 2217 & 2233 Northwest Miami Court. The boutique hotel, which is being developed by Quadrum Global, will offer “pod” style micro-rooms along with featuring a fitness center, yoga deck, valet parking, restaurants, bars and an urban event venue. The interior of the building will feature a landscaped courtyard as well as an outdoor gallery for large art displays and an amphitheater. The building will feature finishes including exposed concrete and structural metal beams along with wood and glass with tropical landscaping. Quadrum Global initially purchased the 30,000 SF lot for $8.55 million in November 2018.

East End Capital & Related Group Secure $136 Million In Refinancing For Wynwood 25 & Wynwood Annex

Partners East End Capital and The Related Group closed on $136 million in financing for its a master-planned, mixed-use developments Wynwood 25 and Wynwood Annex. The financing was provided by Blackstone Real Estate Debt Strategies and is being used to fully satisfy the construction loans for both projects and return equity to the partners. Completed in June 2019, the nine-story building is already nearly 90% leased.

“This financing is a significant milestone for Wynwood 25 and the Annex as it officially marks the completion of these pioneering Wywnood developments,” said Jonathon Yormak, of East End Capital. “We thank our partners for their support.”

Approximately $110 million of the loan was used for Wynwood 25, Wynwood’s first purpose-built, rental community, which adds 289 rental units ranging from 400 SF studios to three-bedroom apartments to the market. Designed by architect Kobi Karp, with interiors by Meshberg Group, Wynwood 25 features amenities such as a 24/7 concierge, valet parking, electric car charging stations, pet grooming spa, rooftop lounge and kitchen, library with co-working space, state-of-the-art fitness room with virtual spinning studio, and a heated resort-style pool with a sunbathing deck area that looks down on the world-famous Wynwood Walls. Wynwood 25 also features 28,518 SF of retail space, featuring ice cream shop, Salt & Straw, and acclaimed Austin-based Japanese powerhouse, Uchi, expecting to open in the Spring 2020.

“Wynwood 25 and the Annex ushered in a new era for Miami’s most popular neighborhood, and the response from renters, tenants and the Wynwood community has been overwhelmingly positive,” said Jon Paul Perez, executive vice president for Related. “We look forward to continuing to bring these kinds of thoughtfully designed properties to Wynwood as it grows and evolves.”

Nearly $26 million of the refinancing loan was utilized for The Wynwood Annex, the second component of the mixed-use development. The Annex is a 60,000 SF, Class-A office building, geared towards TAMI tenants, such as Live Nation, that has already moved into its full floor space at the building. The Annex boasts loft-like office space with soaring ceilings and private outdoor space, individually sized floor plans, and on-site parking. Other features include a 4,429 SF ground-floor retail component as well as a communal rooftop terrace with outdoor seating.

Apartment leasing at Wynwood 25 is being managed by The Related Group. Retail leasing at Wynwood 25 and Wynwood Annex is being handled by Richard Skulnik at RIPCO. Office leasing at Wynwood Annex is led by the team of Gordon Messinger and Ericka Witkowski of Cushman & Wakefield.

Related Group Reveals The Gallery On The River Designed By SR Architects Proposed For Overtown

Related Group has revealed The Gallery On The River, a 12-story affordable and workforce housing project which they have recently proposed for Miami’s Overtown neighborhood. The proposal, which was designed by SR Architects, has been submitted to the Urban Development Review Board (UDRB) for review on September 18 and will be built on county-owned land across the street from the popular Garcia’s, Casablanca and Seaspice riverfront restaurants. The Gallery On The River will offer 160 units which will be offered at affordable price points, 11 of which will be set aside for public housing. The project will also bring a 4-story parking garage with 304 parking spaces. Related Group will pay $40,000 per year rent for 75 years with 4% annual rent increases in addition to a $400,000 one-time payment.

Perkins+Will's Opens New Miami Studio Showcasing Award-Winning Design In Coral Gables

The Miami office of global architecture and design firm Perkins+Will has announced the completion of its new Coral Gables studio, showcasing some of the firm’s best-in-class workplace design strategies, including sustainability, biophilia, health and wellness, and integrated technology. Perkins+Will is the creative visionary behind such award-winning projects as the L’Oréal Research & Innovation Center in Rio de Janeiro, Brazil, the Miami Dade College Academic Support Center, and Princess Nora Bint Abdulrahman University in Saudi Arabia. The new 13,700 SF studio is located at 2800 Ponce De Leon Blvd. in Coral Gables. Designed by Elina Cardet, interior design director of Perkins+Will’s Miami studio, along with her team, the light-filled, open-floor space allows for collaboration among designers of multiple disciplines, while supporting their sense of well-being. The project is targeting LEED v4 Gold Certification and 2 FitWel Stars.

“We reimagined our workplace as a single, integrated creative studio—one that promotes connectivity, encourages creativity, and strengthens our sense of community,” Cardet says. “Our diverse team of designers thrives when they can work together, exchange ideas, test new concepts, and share feedback, so designing a workplace that supports interactivity was a top priority.”

Lawrence Kline, managing director of Perkins+Will’s Miami office, says the new studio is a “living laboratory” that reflects best practices in workplace design while also improving productivity and creative outcomes. “Our new space allows us to innovate, explore, and discover. It inspires and motivates us. All of this ultimately leads to better designs for our clients.”

The studio is designed to highlight the firm’s ability to create spaces that promote health and well-being is the “Studio in a Garden” concept. Wellness is promoted via a tangible and immediate connection to nature, including air-cleaning plants that will grow to create an indoor garden, framing the uninterrupted 360-degree views to city, ocean and sky, allowing for a more stimulating work environment. Active design strategies include sit-to-stand desks and premium ergonomic seating for everyone. Within-office amenities include a wellness room with sink and daybed, a lactation room for nursing mothers and new shower to encourage the team to bike, skate, or walk to work. Throughout the space, the multi-generational team’s needs, such as individual mobility and different work styles, are supported by full wireless connectivity, and movable, reconfigurable furniture.

“Our new workspace exhibits all the transformational and future-ready design attitudes we bring to all our clients and project,” explains Pat Bosch, design director of the Miami office. “We thrive in being able to showcase and share with our clients and our community our vision of a thoughtful, humanistic approach and our attention to high performance. This technique is paramount in our design culture. Our office is an environment that fosters creativity, leadership and ingenuity as well as creates an incubator for leading design that is unique to our city and region.”

“Our own office culture is now supported by a wide-range of choices for collaboration areas, including a relaxed, fun, multipurpose lounge where our famous, daily “cafecito time,” Friday breakfasts, happy hours, our ping pong tournaments and annual holiday feasts take place. With these welcoming places to meet, we will be hosting A&D community leadership events, sponsoring thought-proving panels, symposia and cross-industry multi-disiplinary events,” says Cardet.

Nearly every aspect of the new office is technologically advanced, including acoustically balanced conference rooms and waiting areas. Centrally located within the “Idea Hub” and completely transparent, the “Maker Space,” or model room, will showcase two 3D printers, laser cutter for digitally printed models and prototypes as well as models crafted by hand. Perkins+Will has incorporated Virtual Reality (VR) as part of the design process. The new studio features two spacious VR lounge areas with double display screens, with flexible and re-configurable, modular soft seating, where designers and clients can immerse themselves in a 3D digital environment at the early stages of projects. “I think VR was seen first as a fun technology gadget, but we recognize that it is a powerful tool in our industry, so we wanted to dedicate space and create a showcase for it,” says Kline.

“As a creative lab where our clients are part of the design process, our studio is future-ready with two virtual reality lounge areas, where our digital practice continues to evolve,” says Cardet.

Check Out The Newly Completed Park Grove By Terra & Related Group In Park Grove

Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the grand opening of Two Park Grove and Club Residences as One Park Grove pushes skyward. The Park Grove project is transforming the Coconut Grove skyline with architecture by Pritzker Prize winning architects OMA/ Rem Koolhaas. The towers feature exterior column exoskeleton design as opposed to interior columns, allowing sweeping glass wall views of Biscayne Bay directly out to the Atlantic Ocean. The building’s interiors are designed by Meyer Davis with kitchens and baths by William Sofield. Park Grove’s 3 towers are built around a 5-acre park-style initiative, the lush amenity deck featuring a sculpture park, amphitheater and 5-acres of private, serene, lush landscaping for residents to enjoy, designed by Enzo Enea. Park Grove will also features a new restaurant concept by Miami restauranteur Michael Schwartz, which he said will feature a wood-fire grill and is designed by Meyer Davis. 

Photos by Robin Hill Photography

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

DDG's Rare, Oceanfront 3550 South Ocean Tops Out In Palm Beach

DDG, a leading national real estate development firm known for its progressive design aesthetic, has announced first new beachfront residential development on Palm Beach Island in over a decade, 3550 South Ocean, has officially topped out at 7 stories after breaking ground last summer. 3550 South Ocean is rare new addition to the coveted Palm Beach shoreline that introduces a new standard of luxury condo living in Palm Beach. Demand for the condominium’s oceanfront two-bedroom, three-bedroom and penthouse homes has remained strong during construction. Current availability starts at $2.3 million.

“3550 South Ocean is a significant development for DDG as it represents a new phase of the company’s expansion as well as our first project in Florida,” said Joseph A. McMillan, Jr., CEO and Chairman of DDG. “Watching the building go vertical and achieve its full height has been incredibly exciting and we look forward to seeing its elegant and contemporary design come to life as we approach completion next year.”

“Buyer response to 3550 South Ocean has been quite positive since the building came onto the market last year,” said Howard M. Lorber, Chairman, Douglas Elliman Realty LLC, whose Development Marketing team is the exclusive marketing and sales agent for 3550 South Ocean. “It offers the rare opportunity of purchasing a newly built home directly on the beach, as well as situates residents extremely close to the world-class dining, shopping and leading cultural institutions Palm Beach is known and sought after for.”

DDG assembled a cast of acclaimed designers for 3550 South Ocean. GarciaStromberg | GS4studios of Palm Beach, Kobi Karp Architecture of Miami, and Champalimaud of New York, teamed up to design the striking, yet timeless, contemporary beachfront building, with a sawtooth form that stretches east to west and enables each of the building’s 30 expansive residences to be bathed in natural light and enjoy unparalleled ocean views and breezes. KAST Construction is serving as the general contractor for the project. Residences at 3550 South Ocean come in 2 and 3 bedroom layouts, range in size from 2,700 SF to 3,000 SF and start at $1.875 million. Units will feature private elevator access with private entry foyers, amazing views of the Atlantic Ocean and Intracoastal Waterway, floor-to-ceiling glass, expansive chef's kitchens, and will be delivered move-in ready. A collection of five penthouses will also feature rooftop terraces.

Amenities include private beach access, a beachfront salt water swimming pool and sun terrace, a fitness studio with east facing natural light, on-site surf board and stand-up paddleboard storage, private gated access and private parking. Additionally, DDG has a partnership with The Wright Fit, to provide custom, on-demand lifestyle services including in-residence massages, indoor and outdoor private training, and yoga and youth fitness for residents. Ownership perks also include an exclusive relationship with on-demand charter service, Star Jets International which provides residents with custom-tailored concierge jet services, with the resident experience inclusive of door-to-door car transfers, itinerary customization, jet selection, onboard catering and more. Construction is currently under way with KAST as the general contractor. Delivery expected in late 2018. 

Drone photos via Daniel Petroni; Image via Jared Ruschmann, World Red Eye; Renderings via DDG