YOO Residences at Metropica To Join THIRDHOME Collection of Global Luxury Residences Invitation Only Travel Club

YOO Residences at Metropica, scheduled for completion this summer, and the first residential offering within the $1.5 billion, 65-acre master planned Metropica, will join THIRDHOME, an exclusive network of global luxury residences. When launched later in 2019, YOO Club will provide exclusive access to five-star residences, clubs and resorts around the world via a point system depending on the location and type of residence. Additional details will soon be available. The invitation-only travel club for owners of YOO homes will not only mean access to YOO properties, but to the more than 10,000 exquisite properties within the THIRDHOME portfolio throughout 94 countries, affording them unique experiences, while allowing them to share use of their own homes during down times.

The 28-story YOO Residences at Metropica features 263 chic, elegantly appointed residences , ranging in size from 740 to 1,379 SF. The building will be a part of YOO Club, a partnership between YOO, founded by John Hitchcox and Philippe Starck, and globally acclaimed THIRDHOME.

“This is an exciting opportunity for our buyers to have access to other YOO properties across the globe, as well as accessing THIRDHOME’s vast network of offerings,” says Joseph Kavana, CEO of Metropica Development, LLC. “For the owners of YOO Residences at Metropica, it is an extraordinary benefit in that they will have access to luxury vacation destinations around the world.”

“We are delighted to have YOO Residences at Metropica as an option for other YOO owners and THIRDHOME members across the globe,” says Giles Adams, president of THIRDHOME Europe. “YOO founders John Hitchcox and Philippe Starck recognized that there are a considerable number of dedicated YOO enthusiasts that would benefit from such a program and we know that THIRDHOME members will enjoy the YOO experience.”

“YOO is a brand unlike few others in the global luxury residential market,” adds Kavana. “We have collaborated with YOO on other projects and appreciate their value. Having the first residential high-rise within Metropica be a YOO offering validates the evolution of ‘urban nodes’ within what were once suburban environments, and will further establish Metropica as the definitive ‘downtown’ of Southwest Broward County.”

YOO Residences at Metropica is the first residential offering of its kind in the area. Metropica will encompass approximately four million square feet and consist of residential condominiums, apartments, boutique hotels, commercial office space, expansive green spaces and a burgeoning world-class culinary, retail, entertainment and lifestyle experience for residents and visitors to enjoy.

Related Group Sells SLS Brickell Hotel For $43 Million

The Related Group has sold the hotel component of SLS Brickell for $43 million to an entity managed by Francois Faber of Fiduciaire Fernand Faber, who has also signed an agreement with SBE for the continued management of the property. The 55-story development, which was completed by Related Group in 2016 and designed by Arquitectonica, features both a condo component with 450 condos and a hotel component which features 124 hotel rooms. The sale accounts to roughly $347,000 per key, with the rooms designed by Philippe Starck. The building also houses celebrity chef José Andres’ Bazaar Mar and Fi’lia by Michael Schwartz. Other amenities include a gym, spa, 10th floor pool deck, theater room and concierge services. The sale marks the second SBE managed hotel sale by Related Group this development cycle after it sold the Hyde Midtown hotel to Haim Yehezkel’s Midtown Hotel Investment LLC for $21.8 million in April 2018.