SCAROFA Properties Breaks Ground On Luxury Residential Townhome Community In Pinecrest

SCAROFA Properties, a third-generation family business, has begun construction on Pine Park Villas, a luxury townhome enclave in the Village of Pinecrest featuring a limited collection of 18 residences. The private community is the unique vision of Stephane Rosarion, principal of Miami-based SCAROFA Properties, which is developing the $32 million project.

“We look forward to the completion of our first new luxury residential project in the Village of Pinecrest. Pine Park Villas represents the tranquility and exquisiteness of Pinecrest while at the same time setting a new standard for luxury townhome living,” said Stephane Rosarion of SCAROFA Properties. “When completed, Pine Park Villas will provide a sophisticated lifestyle that the most discerning residents will appreciate, including a private and enclosed community with direct access to renowned shopping districts like The Falls, and Dadeland Mall, as well as some of Miami’s best restaurants and entertainment venues.”

“This project is an excellent addition to our community which continues to be one of Florida’s most sought-after neighborhoods due to our top-rated schools, amenities, shopping venues and public parks,” said Joseph Corradino, Mayor of the Village of Pinecrest. “Like few other places, our city has been able to evolve while maintaining our character and enhancing our quality of life.”

The property encompasses more than two acres and will be marked by coastal contemporary architecture by MAS+ (Miami Architectural Studio). Slated for completion in 2023, Pine Park Villas, located at 7520 Southwest 100th St., is already proving to be a draw for well-heeled homebuyers who are singling out the property for its unparalleled location and sophisticated floor plans.

Berkshire Hathaway HomeServices (BHHS) EWM Realty, one of the nation’s leading luxury residential real estate companies, is the exclusive marketing and sales brokerage for Pine Park Villas. BHHS EWM top-producing team The Levy Group, oversees sales, with Adam Levy and Alexander Isaia leading the charge.

“Pine Park Villas is a rarity for the area, which has a limited collection of suburban multifamily residences,” said Patrick O’Connell, Senior Vice President of Business Development at Berkshire Hathaway HomeServices EWM Realty. “This will be the ultimate retreat for astute buyers looking to capture the best of both worlds.”

“The $10.4 million loan to SCAROFA Properties to build luxury townhomes in Pinecrest exemplifies what Ocean Bank is all about. We are a relationship driven bank and want to be part of our client’s story and journey to success,” said Ryan Welsh, vice president and manager of the Fort Lauderdale branch of Ocean Bank.

Starting at $1.67 million, all residences average over 3,500 square feet in size and will have four bedrooms, three baths, and two powder rooms, making them ideal alternatives to single-family homes. Comprising three stories with private elevators, each unit will be delivered turnkey, with buyers having the option to choose between three unique floor plans. Additional highlights include two-car garages, multi-level living spaces, ample bedrooms with walk-in closets, kitchens with Wolf and Sub-Zero appliances and designer, Italian cabinetry by Mia Cucina, and private rear yards. Pine Park Villas is conveniently located with access to downtown Miami, Coral Gables and Miami International Airport.

The general contractor for Pine Park Villas is JAXI Builders, Inc.; the architect is MAS+ (Miami Architectural Studio); interior design is by Michael Garcia-Carrillo from GC3 Group; and Ken Gardner from GSLA Design is the landscape architect. Ryan Welsh arranged construction financing for Pine Park Villas; Ocean Bank originated a $10.4 million loan. Roberto F. Fleitas III from Fleitas PLLC provided legal counsel.

PROFILE Exclusive: Interview with Patrick O'Connell of Gables Waterway

PROFILEmiami had the exclusive opportunity to sit down with Patrick O'Connell, the Senior Vice President - New Business Development for EWM Realty. He is heading up sales at Gables Waterway, a luxury-boutique condominium development located at 6100 Calballero Boulevard. Gables Waterway features 13 residences designed by Cesar Molina & CMA Architects with interiors by Assure Interiors. Residences feature select private elevators, private foyers, large open floor-plans, and come in Penthouse, Villa, Flat and Atelier layouts. Residences range from 2 to 6 bedrooms and 1,684 SF to 6,789 SF starting at $1.2 million. Sales of Gables Waterway are being handled exclusively by EWM Realty. 

PM: Where did the idea for Gables Waterway come about? 

PO: Gables Waterway is the developers vision. Jorge Ortiz and his family, after acquiring this property, they hired a very well-known Coral Gables architect known as Cesar Molina and shared with him their idea of doing something really truly unique and capturing the spirit of Coral Gables and the Mediterranean architecture. Rather than doing something contemporary like many developers are doing now he wanted to honor the classic tradition of the gables and build a showpiece property that is one-of-a-kind here in this city.

PM: What sets Gables Waterway apart from anything else in Coral Gables?

PO: I would say the fact that it's the last buildable multi-family opportunity in the city with access to the water. It's the last multi-family parcel on the Gables Waterway. Just that classic Mediterranean appeal, other developers are focusing on cotemporary and not this classic gables design.

PM: Who is the target buyer for Gables Waterway?

PO: We see as a lot of families in Coral Gables as the kids get older and graduate college and the parents want to stay in the Gables but do not want a house. That is the main focus of our development and those are our buyers. Its many families that have been here and older couples that have been here for years and years. They love Coral Gables but they also perhaps have a home up in North Carolina or Maine where they want to spend half the year, so the idea of having a large condominium here that they can also lock-up and go that is our customer.   

PM: What are the 3 best features of the Gables Waterway development from your perspective?

PO: I would say the waterfront appeal, that is first and foremost and unique. The fact that you can have your boat right behind your condominium. I would also say the Mediterranean architecture and the shear size and livability of these condominium units. These were designed taking months of reworking the interiors to make sure that we have the best interior design for families that live here full-time. 

PM: How did EWM get involved with Gables Waterway?  

PO: In the summer of 2015 we were originally approached by the owners of the property with the original sketches and plans for "The Waterway". They knew that EWM was the top-selling luxury brokerage in Coral Gables. Many of the buyers for this development are our customers already. We have their homes listed, so it was just a natural request that they would come to us and ask for our help. Even from the beginning Ron Shuffield, our President, spent a lot of time with the developer on the floor-plan really perfecting it. 

PM: What has been the biggest obstacle to overcome to bring Gables Waterway to completion?

PO: Heres the thing, the city loves this development. It's the right size development for the neighborhood. The developer is building "as-of-right," which means he didn't have to ask for any special permissions from the city. The commissioner and Mayor are squarely behind it, and they love it. It has actually been a fairly pleasant process, we haven't really had a lot of obstacles. We nearly have a permit and we are ready to build. 

PM: What is one feature of Gables Waterway that the residents are sure to love that buyers (residents) may not have thought about yet? 

PO: In the lower garage level the developer is building very large, "extra rooms," complete with electricity that is sort of like a personal basement for each unit. It is basically an entire separate room that they can place all of their fishing gear, everything for their boat, but it is the size of a bedroom and you can build-it out as you wish and it is metered to your unit so you can put a refrigerator or a freezer. From these rooms you can just walk right out to the private dock and load your boat and go. The developer is himself a boater so he built this very much with the boater in mind. 

PM: Where do you see Coral Gable’s place in Miami over the next decade? Twenty years? 

PO: I think that Coral Gables is going to continue to attract multi-national companies, which it has done a great job of already. With some new office product going up in Downtown Coral Gables. With the density of Downtown and the Brickell market right now and the difficulties of coming and going from there I think more companies are going to choose Coral Gables as their preferred location for their offices. With that comes all of their senior executives and their employees that are going to want to live here. I think it will continue to outperform the rest of Miami-Dade counties in our property values because of our location and the strict code enforcement that makes the residential experience superior to everything else in South Florida. 

Check-out our full PROFILE on Gables Waterway for a complete overview of the project.