PROFILEconnect: South Florida Capital Markets Summit at E11EVEN Residences Beyond on 2/7/24

On Wednesday February 7, 2024 PROFILEmiami will host its inaugural South Florida Capital Markets Summit, exploring the current state and future of how real estate in Miami is valued, financed, and transacted with South Florida’s top real estate and finance executives.

Discover the intricacies of commercial real estate investment and financial markets where industry leaders will dissect the impact of changing interest rates, inflation, and global economic conditions on investment decisions. The exclusive panel features industry leaders developer Dan Kodsi of Royal Palm Companies, Dev Motwani of Merrimac Ventures, Raul Llanes of City National Bank, Michael May of Silverstein Capital and Justin Oates of Cain International; moderated by Matt Einheber of TitleEQ.

Panelists will have a comprehensive discussion about the current capital stack in commercial real estate deals and explore strategies that sponsors can employ to optimize their capital structure. The discussion will also delve into the market's underwriting standards and loan-to-value ratios, uncovering their influence on loan approvals; as well as a spectrum of financing options, from debt and equity to mezzanine financing and EB-5, and grasp typical terms offered. The discussion serves to educate attendees to anticipate future challenges and opportunities in the commercial real estate financing landscape while acquiring best practices for managing and mitigating risks, particularly in times of economic uncertainty.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics. The evening is hosted by Demetri Demetri Demascus and Katya Demina of PROFILEmiami.

Panelists:

• Dev Motwani, Merrimac Ventures

• Dan Kodsi, Royal Palm Companies

• Michael May, Silverstein Capital

• Raul Llanes, City National Bank

• Justin Oates, Cain International

• Moderator: Matthew Einheber, TitleEQ

Who Should Attend: Developers, Investors, Brokers, Lenders, Private Equity, Family Offices, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: Wednesday, February 7, 2024

Where: E11EVEN Residences Beyond Sales Gallery, 1018 N Miami Avenue, Miami, FL 33136

Time: 6 PM - 9 PM

Music: DAKAP

Food & Drinks: Zeroe Plant Based Caviar, E11EVEN Vodka

Schedule:

• 6 PM - 7 PM: Cocktails & Networking w/ sound by DAKAP

• 7 PM - 8 PM: Architecture & Interior Design Panel

• 8 PM - 9 PM: Cocktails & Networking w/ sounds by DAKAP

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PROFILEconnect: Design Summit Architecture & Interior Design at Eichholtz Gallery on 2/1/24

On Thursday February 1, 2024, PROFILEmiami will host its inaugural PROFILE Design Summit, exploring the state of the Architecture and Interior Design industries. The PROFILE Design Summit is the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, which brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects, designers and other service providers.

Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. The night will feature an hour of networking with sounds by local DJs DAKAP, followed by the panel discussion and Q&A, and will finish off with more networking, supplemented by an open bar throughout the night and experience Zeroe Plant Based Caviar. Also on view will be a custom curated art collection by celebrity art dealer Avery Andon of ArtLife featuring works by Andy Warhol, Keith Haring, Jeff Koons and Alec Monopoly.

Panelists:

• Kobi Karp, Kobi Karp Architecture & Interior Design

• Louis Birdman, One Thousand Group

• Ralph Choeff, Choeff Levy Fischman

• Will Meyer, Meyer Davis Studio

Buy Tickets

Who Should Attend: Architects, Interior Designers, Design Vendors, Construction & GC’s, Developers, Investors, Brokers, Lenders, Architects, Lawyers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: Thursday, February 1, 2024

Where: Eichholtz Miami, 3711 NE 2nd Ave, Miami, FL 33137, Miami Design District

Time: 6 PM - 9 PM

Schedule:

• 6 PM - 7 PM: Cocktails & Networking w/ sound by DAKAP

• 7 PM - 8 PM: Architecture & Interior Design Panel

• 8 PM - 9 PM: Cocktails & Networking w/ sounds by DAKAP

Music / DJ: DAKAP

Food & Drinks By: Pura Vida, Zeroe Plant Based Caviar, E11EVEN Vodka, Brugal Rum, Kopu Water

Sponsors

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Casa Bella Residences by B&B Italia Locks Down $240 Million In Financing Following Groundbreaking

Related Group and partner Alta Developers have closed on $240 million in financing for the highly-anticipated residential tower, Casa Bella Residences by B&B Italia (Casa Bella), which broke ground earlier this month in Downtown Miami’s burgeoning Arts and Cultural District. The loan was provided by Cain International (Cain) — a privately held investment firm with over $16 billion in assets under management. The capital infusion will fund the construction of the 56-story Italian-inspired condominium tower, which is slated to reach completion in 2026.

“We’re proud to partner with Cain to bring Casa Bella Residences by B&B Italia to life,” said Nick Pérez, President of Related’s Condominium Division. “This collaboration underscores our commitment to creating an exceptional residential product that will enhance and elevate the surrounding neighborhood. The capital infusion strengthens our ability to deliver on this commitment, as we redefine the standard for design-driven living within one of Miami’s most in-demand residential destinations.”

Located at 1400 Biscayne Boulevard, Casa Bella represents the first residential partnership for the famed Italian design house, B&B Italia, known around the world for its high-end collaborations with legacy brands such as Rolex, Hermès, and Rolls-Royce. With architecture by Arquitectonica and interiors by renowned designer Piero Lissoni — who also serves as creative director for B&B Italia — and the B&B Italia team, every aspect of the building is envisioned as an oasis, offering a refined Miami aesthetic rooted in contemporary Italian design.

The transaction builds upon Cain’s existing investments in Miami which include 830 Brickell, Una Residences and The Delano. Cain has originated over $7.5 billion in loans globally since its founding in 2014 and has committed over $2 billion in new loans throughout the United States since 2019.

“This was an opportunity to build on the core principles that have guided our lending strategy to date; working with outstanding sponsors to deliver exceptional assets in markets we believe in,” said Matthew Rosenfeld, Head of U.S. Debt at Cain International. “We are thrilled to be partnering with Related as they continue to shape the future of this leading global city.”

Newmark arranged the transaction with a Debt and Structured Finance team led by Co-Presidents Jordan Roeschlaub and Dustin Stolly alongside Executive Managing Director Nick Scribani, and Holden Witkoff.

Over 80% of Casa Bella’s 319 residences are now in contract. Earlier this year, Casa Bella set a price record with a contract signed for a 5,893-square-foot triplex penthouse for $12.6 million, or $2,138 per square foot, signifying the neighborhood’s most expensive condominium sale on a price-per-square-foot basis.

The residences at Casa Bella range from one to four bedrooms and feature soaring ceilings, sweeping views, private elevator access, state-of-the-art kitchens with Sub-Zero and Wolf appliances, and an exquisite selection of European fixtures hand-picked by the B&B Italia team. Casa Bella’s Penthouse Collection comprises 10 meticulously designed homes with seven distinct floor plans, the crown jewel of which is a pair of 54th-floor triplex residences with private rooftop terraces, each featuring spa pools and indoor/outdoor summer kitchens with panoramic water views. The 54th floor is also home to two duplex penthouses, spanning 4,100 and 4,560 square feet.

To further elevate the luxurious lifestyle experience, Casa Bella offers two full floors of amenities complete with stunning vistas overlooking Biscayne Bay. Offerings include a spacious venue for hosting events, a wine vault and private tasting lounge, as well as a plush private theater and co-working spaces. A world-class wellness center caters to fitness-minded residents, featuring professional-level equipment, as well as dedicated yoga and spin rooms, while the spa facilities offer an array of on-demand services including massages, facials, blowouts, and manicure/pedicures.

Outdoors, landscape architect Enzo Enea envisioned a pool deck with lush Italian-inspired gardens to create an oasis within Downtown Miami. The 80-foot lap pool is surrounded by private cabanas and shaded lounge areas, as well as an open-air lawn for yoga and meditation. A poolside bar and Mediterranean café will have light bites and refreshments on offer. On the 56th floor, residents can access the tower’s rooftop pool and terrace, which is complete with a state-of-the-art observatory.

Fortune International Realty is the building’s exclusive sales and marketing agent with a sales team led by Olga Monson.

Gucci Opens New Men's Boutique in Miami Design District

Gucci is expanding its presence in the United States with the opening of a new, dedicated men’s boutique in Miami. Situated in the Miami Design District, the space spans over 4,200 square feet across two floors and includes an inviting private VIP shopping area. This marks Gucci’s fourth dedicated men’s boutique in the U.S. and the second Gucci boutique in Miami’s Design District, with its neighboring store just around the corner.

The boutique carries an expanded offering of men’s products including shoes, ready-to-wear, luggage, small leather goods, and eyewear. Customers will discover the House’s signature travel offering, Gucci Valigeria, as well as lines presented alongside the Cruise collection.

Guests are warmly welcomed by the building’s green and white façade, distinguished by a mono-hued motif which elegantly frames the House’s logo. The design of the interiors is equally refined and reference details from the House’s collections, as the dual-colored marble flooring echoes the façade through its discreet palette and geometric shapes. Soft rich fabrics in lighter tones adorn the walls, harmoniously complementing the ivory boiserie, which acts as a delicate backdrop to the items on display. The use of clean lines and an understated palette adds to the environment’s polished and subtle charm.

Envisioned to make guests feel at home, the store is framed with built-in displays reminiscent of walk-in closets while newly designed racks with an art-deco mesh metal pattern gracefully accommodate diverse product categories. Gucci Décor velvet armchairs and leather sofas are combined with shaggy moss-green, wool monochrome rugs and placed throughout to create intimate corners. The aesthetic dialogue between elements drawn from different places and eras speaks to the House’s core narrative, resulting in a space that is sophisticated and surprising at the same time.

As part of Gucci’s commitment to implement and enhance eco-friendly initiatives and energy- efficient technologies in the House’s stores worldwide, the new boutique is designed using LEED guidelines and principles to monitor and promote energy efficiency.

ZURI Set To Bring A Taste of Morocco To Wynwood

ZURI, a hidden riad offering modern interpretations of Moroccan traditions, will debut in Miami’s artistic Wynwood neighborhood on Wednesday, Dec. 6. Founded by Partners David Sarkissov, Joaquin Coll, Florian Mattone and Kevin Coll, the hospitality innovators have come together for the first time to bring the flavors of Morocco to Miami’s culinary scene. Named to signify beauty, radiance and strength, the restaurant is inspired by Morocco's warm and welcoming hospitality, guiding visitors on an unforgettable journey filled with Mediterranean flavors and unique experiences.

"Growing up, my family and I used to gather in a Moroccan restaurant and I remember this unique feeling of belonging to this place,” said David Sarkissov, partner at ZURI. “I am very excited to bring a new home-away-from-home to the Miami community and create memories they’ll remember forever. We are honored to introduce authentic Moroccan hospitality to Wynwood."

The menu will feature a variety of family-style dishes led by Trinbagonian Executive Chef Marlon Rambaron, who specializes in Mediterranean cuisine, and Moroccan Chef Keltoum Aitkadi, who has over 40 years of experience cooking authentic Moroccan cuisine. ZURI's Mediterranean-Moroccan fusion cuisine truly celebrates vibrant spices, aromatic herbs, and a rich tapestry of cultural influences.

Guests can indulge in signature Moroccan and Mediterranean dishes such as Zaalouk (Moroccan eggplant salad), Chicken & Preserved Lemons Tagine, Lamb & Prunes Tagine, Grilled Branzino and Red Chermoula, Mackerel Escabeche with Spicy Tomato, Chicken and Almond Pastilla, and more. Rich desserts include Stuffed Dates, Chebakia, Plum Cake, and Tart Tatin.

The restaurant also includes a top-tier beverage and an authentic Moroccan tea program. Must-try cocktails include the Pink Oasis, which pays homage to traditional Moroccan Atay made with vodka, pomegranate, mint, and foam, and the Kahua Martina, a Moroccan version of an Espresso Martini made with vodka, espresso, honey, almond, argan, and saline.

The 150-seat venue has over 3,300 square feet of indoor and covered outdoor seating. ZURI distinguishes itself with its unique design, influenced by North African, Mediterranean and Arabic styles and traditions. The restaurant displays authentic and classic touches such as reclaimed woods, handmade linens, artisan zellige tile and tadelakt finishes. ZURI’s warm ambiance comes to life with illuminating light peeking through stained glass and mashrabiya windows, as well as custom organic fabric seating, adorned with plush, Moroccan-style cushions and pillows.

The outdoor terrace transports guests to a garden oasis with bamboo paneling, abstract wall shelving, ceiling fans, lush vegetation, and soft rustling paper lanterns. Located in the heart of the restaurant, a cozy seated bar adds to its charm, made of marble flute imported from Morocco. ZURI will also have a semi-private, 20-seat dining room with views of the open kitchen and outdoor seating.

ZURI is open for dinner service Wednesday through Sunday from 6 p.m. until 11 p.m., with bar hours extended to 2 a.m. on Fridays and Saturdays. ZURI is located at 73 NW 26th St, Miami, FL.

Culinary imagery via Ruben Cabrera

Stock Residences Breaks Ground On The Ritz-Carlton Residences, Naples

The Ritz-Carlton Residences, Naples, the first Ritz-Carlton-branded private residences in Naples, FL, has broken ground. With an idyllic setting flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north (250 Center Street North, Naples, Fla.), The Residences are slated for delivery in 2026 and will feature a limited collection of just 128 estate-like dwellings and penthouses, along with over 50,000 SF of amenities, spread throughout five boutique buildings. The lush, six-acre development, which is being developed by Naples-based STOCK Development, is more than 50% sold, equating to $300 million in pre-construction sales.

“This is a landmark moment for us,” said Brian Stock, CEO of STOCK Development. “Our dream for this project has been meticulously crafted and perfected over the course of many years, so to be celebrating this latest accomplishment, propelling us forward, is a point of overwhelming pride. Even before we began putting shovels in the ground, global interest was rapidly rising, as evidenced by the phenomenal response among homebuyers. Savvy consumers know full well that what we are creating here, in the heart of one of Naples’ most beloved communities, will offer an opportunity for sophisticated, Gulf-front living that cannot be replicated.”

The Residences’ architecture and designs have been uniquely inspired by the unspoiled beauty that surrounds them.  Under STOCK’s direction, a trio of visionaries has crafted the haven-like retreat: Curts Gaines Hall Jones (CGHJ) Architects, internationally renowned interior designer Cristian Pinedo of SUSURRUS, and landscape architectural firm Booth Design Group and J.R. Evans Engineering.  The general contractor is nationally acclaimed Suffolk.

The Ritz-Carlton Residences, Naples will include three, four, and five-bedroom homes, penthouses, and Grand Penthouses, which start at $3.7 million. The exquisitely designed offerings will have expansive terraces as well as contemporary European-style kitchens and baths, Cambria quartz countertops, 10 to 12-foot ceilings, Wolf and Sub-Zero appliances, porcelain and wood floors, and private elevator entrances.

Amenities, which are numerous and highly distinct, comprise a 22-slip marina, verdant park with walking trails, a putting green, and covered pavilions, and The Vanderbilt Club -- a spectacular, 28,000-square-foot club with a Grand Owner’s atrium and lobby lounge, private restaurant, business center and coffee lounge, state-of-the-art fitness center, and a full-service spa. There will also be rooftop lounges, a kids’ room, a teen room with a Formula 1 simulator, and a club lounge with a golf simulator and private theater, among other features. The project will additionally have 22,000 square feet of outdoor amenities, including a resort-style pool, lap pool, cabana suites, and fire pits. The Residences are furthermore located directly between Naples’ two existing Ritz-Carlton hotels -- both of which are approximately three miles apart.

Only Luxury Condominium to be Delivered in South Beach This Year Tops Off

Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge. The 519-foot development will become the tallest building in Miami Beach upon its completion in 2023.

"Five Park delivers on every element of luxury living as the tallest tower on Miami Beach.  Uniquely connecting the South of Fifth neighborhood to the West Avenue district, Five Park brings the park to the boardwalk as the only tower rising in the area," said Jay Phillip Parker, President of Douglas Elliman Development Marketing, Florida. “It’s a project that elevates the caliber of the neighborhood and a perfect representation of a development built to meet the discerning demands of Miami’s new buyer’s needs. Five Park achieves an unprecedented level of quality, very different from what has been built in the last decade, thanks to David and Russell’s collaboration and their unique understanding of the surrounding needs.”

Rising on the edge of Miami Beach, the 48-story tower has unveiled 50,000 square feet of diverse amenity spaces with a choreographed team available round-the-clock. On the 6th floor, overlooking city and bay views, residents are invited to The Park Club. Anchored by an expansive pool and café terrace, the elevated oasis features a lap and family pool with covered cabanas, loungers and social spaces with indoor or al fresco dining options. Additionally, The Park Club amenity level features a variety of wellness, work and entertainment spaces including a fully outfitted gym and spa treatment rooms, a co-working area with private offices and board rooms, screening rooms and more. On the ground floor, Five Park boasts its very own backyard oasis, Canopy Park. Spanning three acres, the community amenity offers a refuge from city living with a botanic garden, interactive MONSTRUM playground, dog park and event lawn. 

Five Park was conceptualized by a visionary team of designers, architects and tastemakers with an exceptional understanding of beauty, functionality and service. The roster of project collaborators includes interior design firm Gabellini Shepard; Arquitectonica, leading architectural plans; design maven Anda Andrei; French conceptual artist, Daniel Buren; and Sarah Harrelson, founder of Cultured Magazine, leading the interior art curation.

Five Park also has revealed the Canopy Bridge, set to break ground in early 2024, an overhead bridge designed by Daniel Buren, recognized worldwide for his site-specific art installations. The 158-foot-long enclosed pedestrian tube will connect the site anchored by Five Park to the South of Fifth neighborhood for the first time.

FIRST ON PROFILE: Oak Row Equities and LNDMRK Development Reveal 2900 Terrace in Edgewater

FIRST ON PROFILE: Oak Row Equities, a dynamic vertically-integrated real estate private equity and development company with over $1.6 billion of development in South Florida, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions, revealed final design plans for 2900 Terrace in Edgewater, Miami following approval from the Urban Development Review Board (UDRB). 2900 Terrace, designed by preeminent architecture firm Arquitectonica, will create a new category of luxury rentals that meet demand for high-end living in Miami.

The tower is located on one of the last undeveloped parcels East of Biscayne Blvd. in the urban core and has been designed to ensure protected Biscayne Bay views. The sophisticated offering features 324 oversize homes with abundant light, spectacular finishes and beautiful private and shared outdoor spaces. Residents will have access to 24/7 concierge services and every convenience imaginable.

Spacious one, two and three-bedroom residences are crafted for design-conscious renters and many will offer large wraparound terraces and home offices. Interior finishes will rival for-sale buildings with calming color schemes and rich materials that evoke a sense of permanence unheard of in multi-family towers. The rentals are intended for families and executives seeking a place to call home in Miami.

Arquitectonica has designed a Japanese-inspired tower that juxtaposes warm bronze-like accents with off white stucco for a tranquil Zen aesthetic. Inventive material use brings a nuanced textured effect to lower portions of the facade. Perforated corrugated metal, reflective glass and charcoal window frames and mullions create visual interest throughout.

“2900 Terrace signals the true sophistication of the Miami market. A multi-family asset of this caliber is a direct response to the maturation of the South Florida market. We are intentionally delivering oversized units with spacious primary bedrooms, large walk in closets, airy great rooms, and most residences will have a study/den.” says Erik Rutter, Managing Partner of Oak Row Equities. “This tower presents an unprecedented option for renters who put a premium space, views, design, and amenities.”

The tower’s massive amenity program will be spread across two levels with wellness as a guiding principle. Indoor amenities include a state-of-the-art fitness center, yoga studio, pet spa, co-working spaces with podcast studios, a content creator studio, card room, resident lounge, treatment rooms, sauna, golf stimulator, theater and children’s playroom.

A south-facing landscaped deck will offer endless opportunities for entertaining and recreation. Outdoor amenities include a statement swimming pool, cold plunge, poolside cabanas and lounge seating, BBQ grills and picnic seating, a hot tub, summer kitchen, two padel courts, children’s playground and coworking terrace.

“2900 Terrace is a world-class offering, and we anticipate demand from around the globe,” said David Weitz, Managing Partner at Oak Row Equities. “We are very proud of the final plans after many months deliberating every design detail and how the tower will be experienced. The building will enrich Edgewater with refined, artful architecture, and we are eager to break ground.”

“This expertly assembled site in Edgewater East enables spectacular protected water and city views that are unparalleled of for a multi-family asset,” says Alex Karakhanian, Principle of LNDMRK Development. “It is a true pleasure to collaborate with Oak Row Equities and their team on this exceptional development.”

Renderings via Arquitectonica

Gunther Werks Set To Open First East Coast Showroom In Partnership With Prestige Imports

Renowned as a restorer of remastered custom icons inspired by the Porsche 993 generation of the 911 from twenty-five years ago, Gunther Werks is set to open the company’s first East Coast showroom in partnership with Prestige Imports. Based in Miami and serving one of the global epicenters of exotic car collecting in the South Florida car market, the new Prestige Imports showroom news comes as Gunther Werks continues offering limited-edition restored and remastered Porsche 911 across the world.

With an expanding program of restorations, Gunther Werks recently unveiled the company’s new 750-hp Touring Turbo Edition Coupe restoration program based on the Porsche 993-generation classic. The new Gunther Werks Touring Turbo Edition Coupe restoration program features a 4.0-liter twin turbo flat-six engine with a six-speed manual transmission and impressive performance alongside an iconic ducktail rear spoiler inspired by iconic cars from the 70’s. Weighing in at a lightweight 2650 lbs., the new Gunther Werks restoration features extensive carbon fiber bodywork almost entirely throughout the high-performance vehicle.

In addition to the recently unveiled new Touring Edition Turbo Coupe restoration program, Gunther Werks has several other modern restorations available as limited editions including the company’s Turbo, Coupe, and Speedster program offerings. Vehicles remastered and restored with these Gunther Werks package offerings will be available for viewing at the company’s new Miami showroom location, where clients may commission their chosen Gunther Werks remaster and restoration package. The new Gunther Werks showroom in Miami is conveniently located within the main showroom headquarters of Prestige Imports. Founded by the David Family in 1977, Prestige Imports is largely responsible for shaping the vibrant South Florida exotic and luxury car landscape over the last 46 years.

With extensive experience operating in the South Florida exclusive exotic luxury vehicle industry, including in association with marques such as Pagani, Lamborghini, Lotus, and more, Prestige Imports will provide Gunther Werks with an established, successful showroom partner on the East Coast with a deep understanding of luxury transportation and operations in the region.

The new location and partnership will provide an entirely new immersive experience for Gunther Werks clients to explore and appreciate the company’s modern reinterpretation of Porsche’s classic analog masterpieces. Guests to the new Miami showroom can expect to be welcomed into the world of Gunther Werks and assisted in commissioning their very own creation from the company’s Turbo, Speedster, or Coupe restoration programs.

“Prestige Imports is pleased to welcome Gunther Werks and act as their showroom here in South Florida. We pride ourselves in offering our clients the absolute finest luxury transportation on the planet,” comments Brett David, CEO of Prestige Imports. “Gunther Werks is just that. An incredible brand that continues to redefine what is possible in the creation of their truly remarkable automotive designs that provide clients with an irresistible reimagining of what is possible in the high-performance exotic category.”

“With a varied and diverse car culture, the east coast and particularly Florida has always been an important customer base for our restorations,” says Peter Nam, CEO of Gunther Werks. “Partnering up with Prestige Imports in Miami gives us a partner that already specializes in exclusive marques, and who not only understands our brand, products and ethos but also our unique customers. For such an important market it was a perfect fit, and we are looking forward to this exciting new partnership for the future.”

PPG Development Launches Kobi Karp-Designed Bay Harbor Towers in Bay Harbor Islands

PPG Development and L3C Capital Partners have launched sales for Bay Harbor Towers, an eight story luxury waterfront condominium located at 10143 East Bay Harbor Drive in Miami’s exclusive Bay Harbor Islands. Fortune Development Sales will lead the exclusive sales and marketing of Bay Harbor Towers with prices starting at $1.9 million. PPG Development and L3C Capital Partners previously secured a $70 million dollar construction loan with MSD Capital for the project.

The luxury waterfront project will feature a collection of 44 spacious flow-thru, two-to-four-bedroom private residences distinguished by open-concept living spaces meticulously designed to capitalize on stunning views of Biscayne Bay and the Atlantic Ocean. Positioned in a prime location on the Indian Creek waterway, Bay Harbor Towers offers owners easy access to several hotspots in the area including Bal Harbour Shops, Kane Concourse, and Miami Beach.

In addition to the standout indoor and outdoor lap pools, amenities also focus on health and wellness by offering hot/cold plunge pools for year-round aquatic activities, a spa complete with a sauna, steam room, massage treatment room, relaxation zone, and an advanced fitness center featuring equipment by Paragon Studio.

Beyond these impressive amenities, each residence in Bay Harbor Towers exudes luxury through its sophisticated design and details. Each unit offers a full chef's kitchen that blends both elegance and functionality. The gastro-sanctuary features European-made oak wood cabinetry with intricate fluted detailing and brushed brass fittings, complemented by marble countertops and backsplashes, as well as functional details such as wine fridges, oversized workstation sinks and gas stove cooking. Additionally, the bathrooms feature custom double vanities with marble countertops, porcelain flooring throughout, an oversized sculptural soaking tub designed for deep relaxation, and full-height glass-enclosed showers.

“PPG Development is very excited to introduce Bay Harbor Towers, a project curated around inspired living,” said Ari Pearl, founder of PPG Developments. “Bay Harbor Towers offers unmatched amenities that address the needs of residents such as a wellness center that rivals a five-star spa, the only full-length lap pool of its kinds in a condominium building, private marina and more, all within the privacy of an architecturally significant development nestled in the heart of Bay Harbor. At PPG Development, we take pride in delivering projects that feature intentional spaces designed with the buyers' lifestyles in mind.”

Bay Harbor Towers is also complete with a private marina and boat dock slips, the development boasts extensive outdoor amenities, including a rooftop infinity pool and sundeck with sun-loungers, daybeds, and cabanas, an open-air summer kitchen and dining area, and a relaxing hammock garden and lounge seating area.

“Bay Harbor Towers offers an exclusive lifestyle where every detail has been designed to enhance residents’ daily lives through thoughtful elements that manifest in every detail throughout the building,” said Edgardo Defortuna, President and CEO of Fortune International Group. “We're looking forward to how this luxury condominium will bring an elevated sense of living to the Bay Harbor community, expecting it to redefine luxury waterfront real estate in the area.”

An unparalleled residential destination, Bay Harbor Towers showcases architecture by the globally renowned Kobi Karp, interior design by Steven G., and landscape architecture by CLAD. Bay Harbor Towers boasts a distinctive design that effortlessly blends luxury and convenience. Residents enjoy a range of amenities, including private and semi-private elevator access to their personal foyers, expansive open-concept living areas ideal for family gatherings and entertainment, floor-to-ceiling windows that fill the interiors with an abundance of natural light, and generous East and West terraces that provide the perfect vantage point for witnessing both sunsets and sunrises. The building's design makes a strong visual statement, incorporating dark features that demonstrate a high level of care and attention to these spaces.

Tucked away from the nearby hustle and bustle of metro Miami, Bay Harbor Islands offer a tranquil and picturesque residential haven. This peaceful retreat, in close proximity to the city's most popular attractions, provides the best of both worlds. Thanks to its ideal waterfront location and spacious balconies that invite indoor-outdoor living, Bay Harbor Towers embodies the quintessential Miami lifestyle.