The Most Opulent Listing In Lake Park Hits The Market At Nautilus 220 In The Palm Beaches

Royal Palm Companies and Forest Development have revaled Penthouse F5, the final penthouse available. PHF5 is a stunning home with a rooftop terrace at Nautilus 220, a new luxury mixed-use development with condominium residences in two, 24-story towers, with restaurants like SeaHawk Prime by David Burke, retail, and offices all alongside a full-service marina. With nearly 4,600 square feet of total living area and a rare private roof terrace with pool, the residence is the most coveted listing in Lake Park to be announced at $4.6 million.

Located on the top floor of Nautilus 220’s South Tower, Penthouse F5 boasts 12-foot ceiling heights, two spacious bedrooms and two and a half ultra-luxe bathrooms. The rooftop terrace includes a summer kitchen, private pool, and sun deck. The residence also features direct elevator access to the foyer for ultimate privacy.

“Nautilus 220 brings a first-of-its-kind luxury development to the Lake Park area in the Palm Beaches and the penthouse gives residents an unparalleled level of oceanfront luxury,” said Peter Baytarian, Managing Partner of Forest Development. “As Palm Beach country continues to gain popularity and momentum with fans of waterside living from near and far, this penthouse is a truly elite option for living the South Florida dream that is minutes from famed Palm Beach and the ultimate luxury shopping, dining, and lifestyle.”

Nautilus 220 is comprised of 330 two- and three-bedroom residences in two, 24-story towers ranging from 1,500 to 3,400 square-feet. Various floor plans with plunge pools, summer kitchens, and unobstructed views of the Intracoastal Waterway and Atlantic Ocean. The project also offers an array of amenities including a one-acre outdoor amenity deck, resort-style pool, rooftop lap pool, wellness plaza, putting green, club room, theatre lounge, billiards, bowling, off leash dog run, guest suites, and private beach club access. The lobby, common areas, 5th floor amenities and model residence were each thoughtfully designed by Interiors by Steven G. Inc. Located in the popular Palm Beaches, this luxe development provides direct access to SeaHawk Prime by David Burke, as well as various other waterfront restaurants, retail, and office suites. Nautilus 220 is also set alongside the popular Lake Park Harbor marina offering slips for boats up to 100 feet.

“Nautilus 220 brings a unique, mixed-use experience to those in the Lake Park area with residential, F&B, retail, and office space all in one development,” said Daniel Kodsi, CEO of Royal Palm Companies. “The future resident of Penthouse F5 is someone who loves the Palm Beach lifestyle, but wants more in terms of new construction, amenities, and contemporary style. This resident will also appreciate the opportunity to own on the water just minutes from the beach at these prices. This is Palm Beach 30 years ago and has a tremendous opportunity to grow and appreciate in value with all that is going on in the area. PHF5 is its own private oasis with access to all of Nautilus 220’s top-notch amenities.”

The Nautilus 220 development team includes Forest Development and Royal Palm Companies. The design team includes architecture by R+N Architecture, interior design by Interiors by Steven G. Inc., and planning and landscape by Insite Studios. Sales and marketing for Nautilus 220 is being handled by Oculus Realty. Nautilus 220 is approaching 80% sold with construction expected to be completed in Fall 2024.

Renderings via Nautilus 220

Inside PROFILEconnect: The Evolution of Downtown Miami Into a Global Cultural And Business Hub

On Tuesday, November 15th, PROFILEmiami teamed up with PARAMOUNT Miami Worldcenter, Royal Palm Companies, PMG and E11EVEN Partners to host PROFILEconnect: The Evolution of Downtown Miami into a Global Cultural and Business Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders for an evening soirée of networking and cocktails, while hearing from the top developers transforming Downtown Miami into a global cultural and business hub. Guests enjoyed cocktails by E11EVEN Vodka as well as juice and bites by Pura Vida while they heard from a panel including Michael Simkins of E11EVEN Partners, RPC CEO Dan Kodsi, PMG Managing Partner Dan Kaplan and moderated by legendary architect Kobi Karp. The evening was hosted by PROFILEmiami Co-Founders Demetri Demascus and Katya Demina, CEO of RPC Dan Kodsi and Michael Simkins of E11EVEN Partners.

The evening was attended by an exclusive group of top real estate industry leaders and executives including Michael Simkins, Dan Kodsi, Kobi Karp, Nancy Karp, Dan Kaplan, Patrick Lee, Scott Sherman, David Eyzenberg and Eva Garzon, amongst others. Guests had the opportunity to network and share their experiences developing and building in South Florida through thoughtful discourse, while forging new relationships with senior executives.

The event was sponsored by Eyzenberg & Co., Shorecrest Construction, KOPU Water, Artefacto, ALTARA Properties, University of Miami Herbert Business School, Torose Equities, Master Brokers Forum, Galium Capital, Lionheart Strategic Management, Finvarb Group and The Allen Morris Company.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting and is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests had the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. The third edition of PROFILEconnect is being organized for Q1 2022.

Royal Palm Companies Locks Down $76.5 Million Construction Loan For Elevate Apartments In Dania Beach

Dan Kodsi’s Royal Palm Companies has locked down a $76.5 million construction loan for Elevate Apartments in Dania Beach. The 36-month financing was provided by the Miami-based 3650 REIT and replaced a previous $64 construction loan. The multifamily project, which is located at 600 East Dania Beach Blvd., is roughly halfway complete and is expected to be completed in November 2023. The financing was arranged by Kevin O’Grady of Concord Summit Capital.

Elevate Apartments was designed by NMD Nomadas and will feature 298 units which will range from studio to 3-bedroom floor plans. The building will also feature a full suite of amenities including a fitness center, business center and pool deck.

Royal Palm Companies is led by Dan Kodsi who has played an integral part of the development of Downtown Miami having delivered PARAMOUNT Miami Worldcenter and PARAMOUNT Bay, amongst other buildings, and is currently developing the sold-out Legacy Hotel & Residences Miami Worldcenter.

Royal Palm Companies Acquires 1.53-Acre Future Site of Legacy Hotel & Residences In Miami Worldcenter For $33.9 Million

Miami Worldcenter Associates, the master developer behind Miami Worldcenter, the $4 billion, 27-acre mixed-use development under construction in the heart of Downtown Miami, has sold a 1.53-acre parcel to Royal Palm Companies (RPC). The transaction includes 66,656 square feet of developable land that was sold for $33.9 million. The property, which is situated at 942 Northeast First Avenue, will be home to the Legacy Hotel & Residences, a 50-story mixed-use tower with 274 branded residences atop a 256-room hotel. The Cushman & Wakefield team of Robert Given, Troy Ballard and James Quinn represented the seller, Miami Worldcenter Associates, in the transaction.

Legacy Hotel & Residences’ developer, Dan Kodsi of RPC, previously partnered with Miami Worldcenter Associates developers, led by Nitin Motwani and Art Falcone, on the newly completed Paramount Miami Worldcenter luxury condominium tower, which opened to residents in 2019 across the street.

“Legacy Hotel & Residences is one of our most anticipated developments. The project’s iconic architecture and state-of-the-art amenities featuring a world-class restaurant and medical facility are just some of the components that will make it a standout addition to our city-within-a-city at Miami Worldcenter,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “We’re committed to working with best-in-class developers to create a diverse and vibrant eco-system for the ultimate live, work, play Miami experience, and our recent collaboration with Dan Kodsi on Paramount is a testament to that vision.”

Legacy Hotel & Residences will feature first-of-its-kind amenities and offerings, including a sophisticated members-only international business lounge, a dramatic Singapore-inspired cantilevered pool, downtown’s largest hotel pool deck set on one acre, a highly-anticipated 100,000 square foot medical and wellness center, and stylish microLUXE residences – all topped with the project’s signature amenity: the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

“We are looking forward to breaking ground in early 2021 on what we expect will be one of the iconic centerpieces of Miami Worldcenter,” said Dan Kodsi, CEO of RPC. “Legacy Hotel & Residences is setting the stage for the future of mixed-use developments and branded-residences that prioritize health and wellness without sacrificing luxury lifestyle experiences and resort-style amenities that discerning homeowners and travelers are accustomed to.”

The Miami Worldcenter master plan, delivering in phases, features an array of residential, commercial and hospitality uses. These include approximately 300,000 square feet of retail, restaurant and entertainment space; the 60-story Paramount Miami Worldcenter condominium tower; Caoba, a 444-unit apartment tower that opened in 2019; a 348-room CitizenM hotel which is now under construction; and Bezel, a 434-unit rental tower by ZOM Living which is also underway. In addition, Hines is preparing to build a new tower that will comprise up to 500,000 square feet of Class A office space and MDM Group is planning a 1,700-room Marriott Marquis hotel and adjacent 600,000 square foot expo center.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; AmericanAirlines Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Virgin Trains’ MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter the largest and most-connected transit-oriented development in Florida.

RPC Plans $60M Health & Wellness Center At Legacy Hotel & Residences in Miami Worldcenter

Royal Palm Companies (RPC), led by Dan Kodsi, have announced that as part of Legacy Hotel & Residences at Miami Worldcenter they will develop a $60 million, 100,000 SF healthcare center named Center for Health + Performance (CH+P) on the ground floor. It will break ground this fall alongside Legacy, which is across the street from RPC’s Paramount Miami Worldcenter condo tower. This is the latest of a series of medically-integrated real estate projects that have become more prevalent in South Florida.

CH+P aims to create a new operational model by ensuring the entire property meets medical building and design standards that are typically unheard of for a traditional hotel. The health and wellness facility will also feature a medical center with ventilators and medical gas, meaning it will be equipped to combat future pandemics and a variety of health complications. It will also offer surgery rooms, and MRI, CT Scan, Mammography, X-Ray, Ultrasound services. Medically equipped hotel rooms will be available for post-surgical patients and guests at the hotel and unit owners will have access to the healthcare center’s facilities, doctors, diagnostic center and onsite lab.

“Legacy will be one of the cleanest designed buildings you can shelter safely in during pandemics – with access to health professionals, a pharmacy, medical grade air quality and cleaning, food delivery and more,” said Dan Kodsi, CEO of RPC.

The project is tapping into top healthcare organizations to bring CH+P to life, including architecture firm Perkins & Will, healthcare consulting firm Coker Group, and healthcare construction company Vilar-Hoynack.

When complete, Legacy Hotel & Residences will have 274 condominium units and 256 hotel rooms. Other amenities include a sophisticated members-only international business lounge, downtown’s largest hotel pool deck set on one acre, the medical and wellness center and ground floor retail. The tower will feature a highly-anticipated seven-story crown-jewel glass atrium, which will be the largest rooftop atrium for a hotel-condo in the U.S.

Designed for the innovative and cosmopolitan traveler seeking a home away from home, Legacy Hotel & Residences aims to disrupt the condo space by introducing microLUXE living to Miami. The concept will offer homeowners luxury small living with the flexibility to live in or rent their home without rental restrictions, which will fulfill the demand of a rapidly growing and more international downtown core. Residents will have the option to rent on their own or through the tower’s hotel rental program, offsetting carrying and maintenance costs. Legacy’s microLUXE residences range from 400 SF to 949 SF with studios and two-bedroom units.

Sales for the condominium portion launched in November 2019, overseen by Peggy Olin’s OneWorld Properties, with pricing starting in the $300,000’s. Legacy Hotel & Residences is being designed by Kobi Karp with interiors by IDDI.

For more information about Legacy Hotel & Residences, private showings or purchasing/ leasing information please fill out the form below:

Royal Palm Companies Launches Sales Of Legacy Hotel & Residences At Miami Worldcenter

Miami-based real estate developer Royal Palm Companies (RPC), has officially launched sales for Downtown Miami’s newest mixed-use tower, Legacy Hotel & Residences, the soaring branded mixed-use skyscraper in the heart of mega-project Miami Worldcenter (MWC). On the heels of the successful completion of PARAMOUNT Miami Worldcenter, Downtown Miami’s newest residential condo tower with its famous Sky-Port, developer Dan Kodsi aims to transform Miami’s skyline again, this time in the hospitality and branded residence market. Located at 942 Northeast First Avenue, Legacy is expected to break ground in 2020. OneWorld Properties will be leading marketing and sales where pricing starts at $300,000.

Designed for the innovative and cosmopolitan traveler seeking a home away from home, Legacy Hotel & Residences aims to disrupt the condo space by introducing microLUXE living to Miami. The concept will offer homeowners luxury small living with the flexibility to live in or rent their home without rental restrictions, which will fulfill the demand of a rapidly growing and more international downtown core. Residents will have the option to rent on their own or through the tower’s hotel rental program, offsetting carrying and maintenance costs.

“When travelers come to Miami and stay on the beach, they find themselves inevitably crossing the bridge to the mainland, where all the latest attractions are; from Wynwood, the Miami Design District to the American Airlines Arena and PAMM. We've seen the tourism growth and are filling a void for the leisure traveler who doesn't have a downtown hotel with resort-style amenities in the center of it all,” said Dan Kodsi, Developer at RPC.

Legacy Hotel & Residences will bring international flair to the downtown skyline where the neo-futurism-inspired tower will feature 278 branded residences sitting atop a 255-room hotel. Legacy’s microLUXE residences range from 400 SF to 949 SF with studios and two-bedroom units. RPC takes the micro-living movement to the next level with their microLUXE concept, where each residence will offer the functionality of a micro-style home with the high-quality design and superior finishes of an elite luxury condominium. All residences will be equipped with a full kitchen and washer and dryer combinations. These small ergonomic but bespoke residences by RPC’s in-house design team in collaboration with Kobi Karp Architects and IDDI will offer buyers the freedom to rent their microLUXE residences without any restrictions.

The mixed-use tower will offer a suite of first-of-its-kind amenities, including ground floor retail, a hotel, microLUXE residences. Signature amenities of the tower include a sophisticated members-only international business lounge, dramatic cantilevered, Singapore-inspired pool, downtown’s largest hotel pool deck set on one acre, a first-of-its-kind medical and wellness center, all topped with the project’s signature amenity: the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

“With our experience selling Downtown Miami through previous projects during its various real estate cycles, we understand the downtown buyers and their demands,” said Peggy Olin, CEO of OneWorld Properties. “We are bringing our buyers from over 60 countries an alternative pied-à-terre – the piece that was missing— for residents who seek small living and large experiences,” she said.

Legacy Hotel & Residence’s will become an iconic centerpiece of Miami Worldcenter, one of the largest private real estate developments underway in the United States. The ten-block project will include world-class retail, hospitality and residential uses in the center of Miami’s urban core. Providing unmatched accessibility, Legacy Hotel & Residences is conveniently located next to I-95 and I-395, as well as the Virgin MiamiCentral Station, the Metrorail and Metromover stations.