RELATED, ROVR AND BH GROUP BEGIN VERTICAL CONSTRUCTION ON SOLD OUT DISTRICT 225 CONDOMINIUM

Real estate industry leaders Related Group, ROVR Development and BH Group have officially broken ground on the sold-out District 225. Located at 225 North Miami Avenue in Downtown Miami, the 343-unit property is a new luxury condominium tower offering residents the ability to host their condos on Airbnb for any stay length (subject to applicable laws and restrictions). Completion is slated for 2024.

“District 225 is a project of many firsts. Now, with financing in hand, we’re happy to share that the development is also the first of Related’s next-generation Miami-Dade condos to begin vertical construction,” said Jon Paul Perez, Related Group president. “We couldn’t be more pleased with the reception District 225 saw from buyers and the industry. Not only did the project sell out in record time, but it also gave birth to an all-new type of restriction-free development that’s already had many other projects follow in its footsteps.”

Responding to a sustained demand for flexible ownership and living options, District 225 delivers ready-to-rent, fully furnished residences purposely designed, built and licensed to be shared. The project proved to be a success in the Miami market with all units sold within two months of its sales launch. Unique from past condos in the development team’s respective portfolios, District 225 attracted predominantly domestic buyers, including young professionals and remote workers in the new work-from-home era.

“Downtown Miami is going through a rebirth,” says Oscar Rodriguez, founding partner of ROVR Development. “We’re excited to have identified and secured a site that is so central to this neighborhood’s transformation. District 225 is a catalyst for flexible living, offering luxury condominiums at attainable prices in one of the city’s most promising destinations, surrounded by parks, public transportation, entertainment and more.”

District 225 joins downtown Miami as the neighborhood’s burgeoning market experiences a resurgence of new residential high-rises. The increased demand for residential units in the area is a testament to its growth as a cosmopolitan destination that caters to a live, work, play lifestyle. Just a few blocks away, The Related Group also announced The Crosby, another short-term-rental ready development located within the Miami Worldcenter mixed-use development

ROVR Development's Grand Station Apartments Receives TCO In Downtown Miami

Grand Station Apartments, a transformative collaboration between Miami-based ROVR Development and the Miami Parking Authority (MPA), has received its TCO and residents have started to move-in.

The $70 million, 30-story apartment tower, located at 240 North Miami Avenue, features 300 apartment residences, and brings a combination of residential floorplans to MPA’s headquarters, while expanding the existing garage at Courthouse Center with 350 parking spaces.

Led by Principals Oscar Rodriguez and Ricardo Vadia, ROVR is developing the project, and Monument Real Estate Services (MRES), an A-Rod Corp Company, will be the property manager.

Designed by Miami-based Zyscovich Architects and Anillo, Toledo, Lopez LLC, Grand Station will bring residents within proximity of Miami’s most important transit systems. Government Center’s Metrorail, Metromover and bus hubs, as well as MiamiCentral which features the tri-county rail service Brightline and will eventually include TriRail, are within a five-minute walk of the property.

Studios, one- and two-bedroom units will feature high-end finishes such as custom Italian cabinets, stainless steel appliances, quartz countertops, walk-in closets and a full-size washer and dryer. Effective rents range from $1783 to $2300.

“We are very proud to have worked alongside the Miami Parking Authority (MPA) to conceptualize, and ultimately realize this wonderful project,” said Rodriguez. “It creatively maximizes MPA’s space, allowing them to enhance their existing facilities.”

“Transit-oriented developments are key to our city’s urban evolution,” said Vadia. “The building’s accessibility to Miami Dade College, the Health District and downtown as a whole ideally positions Grand Station.”

Grand Station Apartments brings a cosmopolitan flair with a vast array of indoor and outdoor amenities. The development includes an expansive New York-inspired rooftop terrace, an outdoor kitchen with grilling area and an oversized swimming pool with sun deck and several hot tubs, offering residents extraordinary views of the city scape.

An upscale amenities deck with a variety of Class A finishes features a full-size state-of-the-art fitness center, wellness treatment and spa rooms with an indoor heated soaking pool, a computer and business center, and a clubroom, as well as an indoor/outdoor spa to unwind. The community also includes a concierge service, dog spa with pet station, bike storage and 24-hour package lockers.

ROVR Development Launches Pre-Leasing At Grand Station Apartments In Downtown Miami

ROVR Development has launched pre-leasing for Grand Station Apartments, a 30-story apartment tower with 300 residences in Downtown Miami. The first tenants are expected to begin to move-in this summer. The $70 million development is a transformative public-private partnership with the Miami Parking Authority (MPA), bringing a combination of residential floorplans to MPA’s headquarters at 40 NW 3 Street and expanding the existing garage at Courthouse Center with 350 parking spaces.

ROVR Development, led by Principals Oscar Rodriguez and Ricardo Vadia, are developing the project, and Monument Real Estate Services (MRES), an A-Rod Corp Company, will be the property manager.

“Downtown Miami was in immediate need of luxury housing that brought residents close to the city’s renowned amenities and transportation options that take them anywhere in South Florida,” said Rodriguez. “Working alongside the Miami Parking Authority, we were able to creatively use their existing space and enhance their own facilities, demonstrating the positive results that ultimately benefit residents when a public-private initiative such as this one takes place.”

Residences come in studios, one- and two-bedroom layouts and will feature high-end finishes such as custom Italian cabinets, stainless steel appliances, quartz countertops, walk-in closets and a full-size washer and dryer. Net effective rents for residences start at $1,277, $1,427 and $1,963, respectively.

Amenities will include an expansive New York-inspired rooftop terrace, an outdoor kitchen with grilling area and an oversized swimming pool with sun deck and several hot tubs, offering residents views overlooking Downtown Miami. Grand Station Apartments will also feature an upscale amenities deck with a variety of Class A finishes will feature a full-size state-of-the-art fitness center, wellness treatment and spa rooms with an indoor heated soaking pool, a computer and business center, and a clubroom, as well as an indoor/outdoor spa to unwind. The community will also include a concierge service, dog spa with pet station, bike storage and 24-hour package lockers.

Grand Station Apartments was designed by Miami-based Zyscovich Architects and Anillo, Toledo, Lopez LLC, The project will bring residents within proximity of Miami’s most important transit systems. Government Center’s Metrorail, Metromover and bus hubs, as well as MiamiCentral which features the tri-county rail service Brightline and will eventually include TriRail, are within a five-minute walk of the property.

“The delivery of this project next to the region’s most important transit centers is an indicator of the possibilities that exist to improve Miami’s urban core,” added Vadia. “It’s a convenient solution serving local office workers, Miami Dade College students and employees in the Health District, along with other members of our community. We look forward to showcasing Grand Station’s functional amenities and setting a new standard for transit oriented development.”

Grand Station Partners Close On $53 Million Loan For Luxury Rental Tower Project

Grand Station Partners closed on a $53 million loan in early March for Grand Station Tower located at 40 NW 3rd Street in Downtown Miami. ROVR Development, which is led by Oscar Rodriguez and Ricardo Vadia, set-up Grand Station Partners and are building the 30-story, 300 unit building as a public-private partnership with Miami Parking Authority. Kayne Anderson affiliate Saperian Capital is the project’s lender.

The luxury rental tower, which will feature about 4,000 SF of retail space, will also expand the Courthouse Center Garage with 350 additional parking spaces. Grand Station Partners has a 99-year land lease on the site and has the option to extend the lease by an additional 50 years.

Michael Wolk Design Associates, a Miami-based design boutique specializing in residential, commercial, and hospitality interiors, along with furniture collections, designed the Grand Station’s interiors. The firm has had over 40 years of experience designing personalized, luxury interiors for their clients with a united effort to achieve client goals on-time and within budget.

The project’s interiors are inspired by a young urban vibe and were designed with a sophisticated look in mind. Michael Wolk Design Associates selectivity edited the color palette and used black, gray, and tobacco colors. Outdoor terraces were decorated with the furniture from the firm’s Biscayne Collection, which is manufactured by Pavilion. The tower’s social room has its own custom-designed triangle seating bench and award-winning “Gianni Lounge Chairs.”

Grand Station offers a gym, spa, and pool deck among its list of amenities. It is scheduled for completion early next year.

By Isabella Zimmermann

Vertical Construction Underway At ROVR Development's Grand Station In Downtown Miami

Construction teams have passed the 6th floor of vertical construction at Grand Station Partners’ Grand Station apartment tower, located at 40 Northwest 3rd Street in Downtown Miami, also known as Parcel B. Grand Station Partners is a public-private development partnership led by ROVR Development and its principals Oscar Rodriguez and Ricardo Vadia. When complete Grand Station will rise 30-stories, 322’, and offer 300 rental units within walking distance of MiamiCentral Station, Virgin Trains (Brightline) and Metromover. Units will range in size from 463 SF to 957 SF and will come in studio, 1-bedroom and 2-bedroom floorplans. Grand Station will also offer 350 parking spaces and 5,000 SF of retail space. Amenities will include a pool deck with spa, fitness center, social area and rooftop deck. The building was designed by Zyscovich Architects and Ortega is the general contractor. The construction costs of the project are estimated to be roughly $50 million. Grand Station is expected to be completed in the Spring of 2021. ​​​​​​​

ROVR Development Gearing Up To Break Ground On Grand Station Tower In Downtown Miami This Year

ROVR Development, led by Oscar Rodriguez and Ricardo Vadia, is gearing up to break ground on Grand Station Tower at 40 NW 3rd Street in Downtown Miami after first applying for construction permits in March 2018. Grand Station will rise 31-stories, 322’, and will feature 300 apartment residences and 5,000 SF of retail. The project will also expand the Courthouse Center Garage with an additional 350 parking spaces and the tower will rise over the newly built portion. The developers have set-up Grand Station Partners and plan to launch a public-private partnership with Miami Parking Authority. The project is expected to cost $70 million to develop with Ortega Construction as the general contractor. Grand Station Partners has a 99-year land lease on the site with an option to extend an additional 50 years.

Coral Rock Development Group & Arena Capital Holdings Break Ground On Pura Vida Hialeah

Miami-based Coral Rock Development Group and Arena Capital Holdings have broken ground on Pura Vida Hialeah, a nine-acre mixed-use project set to be the first of its kind in Hialeah in more than 20 years. When complete, the project will transform the area’s aging retail and residential offerings with the first new sleek contemporary designed vertical towers, and will boast a vibrant mix of popular restaurants, shops and other conveniences while providing an exceptional pedestrian-friendly lifestyle, adding a much-needed benefit to the densely populated community.

Held on April 25th at the future site of Pura Vida Hialeah, the ceremonial groundbreaking was hosted by the project’s development team, comprised of industry veterans Stephen A. Blumenthal, David Brown, Victor Brown and Michael Wohl of Coral Rock Development Group, as well as Oscar Rodriguez, Ana Rodriguez and Sebastian Roiter of Arena Capital Holdings. Dozens of industry leaders, project partners, top city officials and numerous other dignitaries were in attendance including City of Hialeah Mayor Carlos Hernandez, Hialeah City Council President Vivian Casals-Munoz and City of Hialeah Councilman Paul Hernandez, who all provided remarks to celebrate this project milestone.

Mayor Carlos Hernandez commended the developers for their vision and acknowledged how Pura Vida Hialeah is already sparking other innovative developments in the city. Known as the City of Progress, Mayor Carlos Hernandez said “Hialeah is the new Brooklyn.”

“We’re incredibly proud to officially break ground on Pura Vida Hialeah,” said Stephen Blumenthal, principal of Coral Rock Development Group. “A new paradigm for living in Hialeah, we’re extremely pleased that Pura Vida Hialeah will be a positive catalyst and usher in a new era in the community.”

“This is an exciting beginning to what will soon be an extraordinary and vibrant urban environment for Hialeah,” said Michael Wohl, principal of Coral Rock Development Group. “We’re very grateful to Mayor Carlos Hernandez and the City of Hialeah who have supported us in making this community-driven development a reality.”

Located at 2901-3099 W 16th Avenue and 1571 W 29th Street, Pura Vida Hialeah will feature 3-eight-story residential towers consisting of 260 apartment units, with one tower offering approximately 11,000 SF of ground floor retail; as well as three separate outparcels consisting of approximately 40,000 SF of commercial retail space. Floorplans for market rate residential apartments range from 538 SF to 1,099 SF, ranging from studios, one, two, and three-bedroom units. Featured amenities will include a resort-style pool, state-of-the-art gym, BBQ area, dog park, and 24-hour security staff for the convenience of residents. Confirmed retail tenants include a Wawa convenience store and gas station, representing one of the first outposts in Miami-Dade County for the rapidly expanding chain, a Taco Bell restaurant, a Dollar Tree store and a two-story YouFit Health Club.

Coral Rock Development Group & Arena Capital Holdings Acquire Prospect Towers in Clearwater For $13.5 Million

The Miami-based Coral Rock Development Group and Arena Capital Holdings have acquired Prospect Towers, a downtown Clearwater, Florida senior living high-rise for $13.5 million. Well-positioned in an Opportunity Zone, the 17-story, multifamily building is located at 801 Chestnut St. and is comprised of 208 independent senior living units. Situated within close proximity to the Intracoastal Waterway and Memorial Causeway, the property is set on 2.3 acres and boasts a compelling unit mix of efficiencies and one-bedroom floor plans. Full-service amenities include a recreational room, library, business center, gym, and community kitchen, while each residence features expansive wall-to-wall windows with exceptional views of the Gulf Coast beaches, downtown Clearwater, and the surrounding area.

Coral Rock Development Group and Arena Capital Holdings plan to jointly upgrade the aesthetics of the common areas throughout the property as well as enhance the interiors of a portion of select units. Innovation Senior Management will manage operations of the building on behalf of the owners, and will also implement new services for residents including home health and physician visits, and educational and social programs to enrich the overall living experience.

“We are very pleased to expand Coral Rock’s footprint with the acquisition of Prospect Towers, the second asset that we own and operate in partnership with Arena Capital Holdings,” said Stephen Blumenthal, principal of Coral Rock Development Group. “This acquisition aligns with our growth strategy and further strengthens our ownership presence in the state of Florida and we look forward to providing residents with a value-add program and building upgrades throughout.”

“We are continually seeking investment opportunities within prime Florida locations and Prospect Towers is an exciting addition to our growing portfolio,” added Oscar Rodriguez, Manager of Arena Capital Holdings.

Coral Rock Development Group And Arena Capital Holdings Reveal Pura Vida Hialeah

The Miami-based Coral Rock Development Group and Arena Capital Holdings announced the plans for Pura Vida Hialeah , a premier mixed-use project set to be the first kind in Hialeah. Pura Vida, meaning “Pure Life,” is the first major mixed-use development in the area in more than 20 years. The development is led by Stephen A. Blumenthal, David Brown, Victor Brown and Michael Wohl of Coral Rock Development Group in partnership with Oscar Rodriguez, Ana Rodriguez and Sebastian Roiter of Arena Capital Holdings. The project is spread over nine acres with the first new sleek contemporary designed vertical towers located at 2901-3099 W 16th Avenue and 1571 W 29th Street. Pura Vida Hialeah possess a central location just minutes from major thoroughfares including I-75, the Palmetto Expressway, the Florida Turnpike and Okeechobee Road, offering direct access to Greater Miami and the surrounding areas.

“As the sixth-largest city in the state and with one of the lowest vacancy levels in the metropolitan area at just two percent, Hialeah has quickly earned its place as Miami’s newest destination for investment. Recently revamped zoning and density laws in an effort to court millennials have also cemented its status as one of the most desirable and stable submarkets in Miami for development,” said Michael Wohl, principal of Coral Rock Development Group.

“We are excited to usher in a new era in Hialeah with the introduction of Pura Vida. Our goal in creating this development was to create a new paradigm for living in Hialeah,” said Stephen Blumenthal, principal of Coral Rock Development Group. “With the support of the City of Hialeah, our vision for Pura Vida Hialeah is becoming a reality, and we look forward to offering Hialeah citizens this contemporary and convenient new walkable lifestyle.”

Pura Vida Hialeah offers a wide array of floorplans ranging in size from 538 SF to 1,099 SF, and includes studios, one, two, and three-bedroom units. The featured amenities will include a resort-style pool, state-of-the-art gym, BBQ area, dog park, and 24-hour security staff for the convenience of residents. Pura Vida Hialeah will further offer a vibrant mix of popular restaurants, shops and other conveniences while providing an exceptional pedestrian-friendly lifestyle, with an densely populated community. The project is set to break ground in 2019 and is expected to be completed in 2020.

“We are grateful to Mayor Carlos Hernandez and the entire staff of the City of Hialeah for their support and invaluable assistance throughout the entitlement process,” added Oscar Rodriguez, Manager of Arena Capital Holdings. “We look forward to continue working together as we deliver Pura Vida Hialeah, which will benefit the community for many years to come.”

Article by Stephanie Warren

ROVR Development Goes Vertical With Construction On The Fairchild Coconut Grove

ROVR Development has announced that the concrete pour for the first elevated deck at The Fairchild Coconut Grove has been completed. Cement trucks began the process of hauling in a total of 545 cubic yards of concrete for the day long pour which needed approximately 50 cement trucks as the first elevated deck for the project was formed. Ortega Construction Company, was onsite to supervise the pour and oversee the operation. The Fairchild Coconut Grove, which is located in the quiet Glencoe residential neighborhood at 3581 E. Glencoe Street, broke ground this past summer closed a $27 million construction loan with Ocean Bank. The general contractor for the development is Ortega Construction Company. The project is slated for completion in the fall of 2019

“We continue to move forward on schedule and are thrilled to be going vertical with our project,” said Oscar Rodriguez, Principal of ROVR Development. “The Fairchild Coconut Grove is the only new luxury residential construction rising directly on Biscayne Bay in the Grove, so this pour represents a major milestone for us as well as the community.”

“Ortega Construction is committed to building iconic and quality projects that will stand the test of time and we are excited to be working with ROVR Development to carry out their vision for The Fairchild Coconut Grove,” states Michael Ortega, President and CEO of Ortega Construction Company

Acclaimed local architect Max Strang designed this project which offers curated waterfront living that perfectly fuses contemporary elements with the natural surroundings and character the area is known for. The Fairchild Coconut Grove features 26 exclusive 2 to 4 bedroom residences ranging in size from 1,714 SF to 4,114 SF and a platform of unrivaled amenities and services. The expansive fully finished residences feature lanais with views of Biscayne Bay and verdant neighborhood landscapes; unique gourmet chef-inspired kitchens; spa-inspired bathrooms; spacious living areas and private outdoor showers in select units.

Architectural Digest AD100 designer Rafael de Cardenas designed the distinctive amenities for the project which include a holistic wellness spa with Hammam, steam room and sauna; high-tech training gym; rooftop pool with open bay views and private cabanas; and exceptional lobby with full-time concierge, 24-hour security and valet. Lush landscaping complete with serenity gardens, bay walk and jungle rainforest path offer consummate outdoor experiences that include a bayside lounge; sunset deck; outdoor cinema; private on-site dog park; private boat slips; resident bicycles; a floating dock with resident paddleboards; and kayak storage.

One Sotheby’s International Realty is exclusively handling sales and marketing for the property.

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