Acqualina Resort & Residences Awarded #1 Hotel Ranking In 10Best Readers' Choice Awards By USA Today

For the fifth consecutive year, Acqualina Resort & Residences has been recognized as the Best Waterfront Hotel in the United States in the 10Best Readers’ Choice Awards by USA Today.

“We are honored to be recognized by our esteemed guests and readers of USA Today as the #1 Best Waterfront Hotel in America,” said Deborah Yager Fleming, CEO & Partner. “During these challenging times of COVID-19, we have worked very hard to achieve and maintain a high level of excellence all with a focus on creating the most exceptional luxury experiences while welcoming guests safely.”

A panel of experts partnered with USA Today’s 10Best editors to select the initial 20 nominees in the two categories, and the top 10 winners were determined by popular vote.

In addition to the USA Today award, Acqualina also received the Forbes Five Star Award for both the hotel and spa for the ninth consecutive year and the AAA Five Diamond for the 13th consecutive year. Along with these prestigious accolades, US News and World Report named Acqualina the #1 Best Resort in the Continental US in their annual Best Hotel Awards and TripAdvisor recognized the resort as the #1 Luxury Beachfront Hotel in the Continental US.

Acqualina Resort & Residences is where the charm of a Mediterranean villa meets elegance on the beach. The lush grounds feature red couches set on Seashore Paspalum grass and are dotted with signature red umbrellas. A seaside luxury haven located on 4.5 beachfront acres in pristine Sunny Isles Beach, Acqualina Resort features 98 impeccably appointed guest rooms and suites and 188 residences with breathtaking views of the Atlantic Ocean, world-class dining including Il Mulino New York, the alfresco Costa Grill and the new Ke-uH Japanese restaurant, three oceanfront swimming pools, spacious meeting rooms and an innovative marine biology-based children’s program.

A variety of lavish interior and exterior venues provide an ideal background for opulent weddings and memorable events. Acqualina Spa by ESPA, the first ESPA-branded spa in the United States, provides guests with an exquisite 20,000-square-foot, two-story tranquil sanctuary of excellence and relaxation. A family-owned and operated property, Acqualina is a recipient of the coveted Forbes Travel Guide Awards for both the hotel and spa and the AAA Five Diamond Award.

Images via Acqualina Resort & Residences

DePuy Synthes Product, Inc. Leases Palm Beach Gardens Office Space Expanding South Florida Footprint

DePuy Synthes Product, Inc., a Johnson & Johnson company, and a leading global provider of Orthopedics products, is expanding its presence in South Florida after signing a a 9,481 square foot lease at 4400 Northcorp Parkway in Palm Beach Gardens, Florida. DePuy Synthes Product, Inc. will occupy the build-to-suit space on the 2nd floor of the office building. DePuy Synthes Product, Inc. is slated to take occupancy in September 2021. 4400 Northcorp Parkway is owned by Alchemy-ABR Investment Partners, a fully integrated New York based real estate investment firm, together with its joint venture partner, Breakers Capital Partners, a Miami based real estate investment firm.

Alchemy-ABR Investment Partners was represented by Gavin Loughlin of Greenberg Traurig and Anthony Librizzi of Cushman & Wakefield in the transaction. DePuy Synthes Product, Inc. was represented by CBRE.

“4400 Northcorp Parkway is an ideal office setting for the most competitive industries and organizations and this lease is indicative of the strength of South Florida’s overall office leasing market,” said Brian Ray, Co-Founder and Managing Partner of Alchemy-ABR Investment Partners. “We’re committed to our tenants and are looking forward to welcoming DePuy Synthes Product, Inc. to 4400 Northcorp Parkway.”

4400 Northcorp Parkway is part of the larger office park, 4200-4400 Northcorp Parkway, that consists of two Class-A office buildings totaling 115,000 square feet. Completed in 1996, 4200-4400 Northcorp Parkway features extensive capital improvements including renovated, premium office fit-outs, contemporary base building lobby and common areas, as well as modern mechanical and roofing systems.

Located in the center of Palm Beach Gardens, the property enjoys convenient access to Palm Beach, Broward and Miami-Dade Counties and has attracted a diverse tenant base, further showcasing South Florida’s dynamic market. Alchemy-ABR Investment Partners and Breakers Capital purchased 4200-4400 Northcorp Parkway in 2016 and is currently renovating the lobby space of the 4200 Northcorp office building. The two firms jointly own additional commercial real estate assets across South Florida including 6111 Broken Sound Parkway in Boca Raton, Florida.

Greenstone Property Group Acquires Miami Multifamily Portfolio From Ytech For $119 Million

The Miami-based Ytech has sold a multfamily portfolio in Miami totaling 677 apartment units for $119 million to the New York-based Greenstone Property Group. The dual transaction included the $41 million sale of Ocean House NoBe, a 186-unit multifamily property in the North Beach area of Miami Beach that Ytech purchased for $27.1 million in 2015, and the $78 million sale of Lake House, a 491-unit multifamily property in Miami Gardens that Ytech bought for $14.3 million in 2012.

“Developments like Ocean House and Lake House are critical for unlocking the widespread social opportunities embedded in any emerging neighborhood enabled through smart municipal policies and urbanization, binding the need for economic prosperity, environmental stewardship, and social mobility,” said Yamal Yidios, CEO of Ytech. “This sale marks the start of a new phase of growth for Ytech as we evolve from over a decade of industry expertise in the multifamily space to being a well-capitalized developer of luxury condominiums in the Brickell neighborhood.”

Ytech carried out its vision for Ocean House in the form of public space improvements, better infrastructure, and the modern renovation of apartment units. It purchased properties on Tatum Waterway Drive, which included 1,000 linear feet of waterfront land, from both public and private companies, as well as multiple owners of co-owned condominiums. The series of 13 complex transactions involved additional complicating factors, such as termination of condominiums and swap agreements, among others.

Ytech redeveloped Ocean House NoBe over four years, assembling and renovating 23 contiguous low-rise apartment and condo properties along 7745-7790 Tatum Waterway in Miami Beach. The site is occupied by approximately 1,000 residents. Ytech’s efforts transformed the neighborhood while preserving original structures and maintaining the scale and character of the district. The property, which covers three city blocks, is within walking distance to the beach, famous Collins Avenue, and an array of fine retail and dining destinations.

Master Brokers Forum Listing: Step Inside A Waterfront Mansion In Keystone Point Asking $4.5 Million

Master Brokers Forum: Master Brokers Forum member Richard Feldman presents this fantastic, newly remodeled two-story waterfront home in the exclusive gated community of Keystone Point on Island 5. This home has been completely updated and features eight beds plus office, six and one-half baths, two-car garage, with 180-foot seawall that can accommodate multiple boats or large vessels, on an oversized, 12,207 square foot lot. Open floor plan with plenty of natural light and amazing sunset views. Large master bedroom with a huge walk-in closet, separate exercise room that could be used as an office, and a spacious en suite bathroom with sauna. Four beds upstairs with large living space. Huge kitchen with Sub-Zero and Wolf Appliances. Laundry rooms on both floors, impact windows. Spacious backyard with pool. Great location - no fixed bridges and within minutes to great restaurants, grocery stores, Bal Harbor Shops, the beach, and more!

13300 Biscayne Bay Terrace, North Miami, is currently listed for $4,500,000 with Richard Feldman of Miami Waterfront Realty, who can be reached at 305-970-2884 and/or richardtoddfeldman@gmail.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

Images via Richard Feldman/ Miami Waterfront Realty

This article was produced in partnership with Master Brokers Forum

Menin Development Celebrates The Grand Opening Of The Ray Hotel, Curio Collection by Hilton In Delray Beach

Hilton has announced the opening of The Ray Hotel Delray Beach, Curio Collection by Hilton, a 141-room design-focused tropical luxury hotel, located in the Pineapple Grove Arts District, in the center of downtown Delray Beach. The first ever hotel project by leading developer, Menin, features beautifully appointed guest rooms and suites with artistic accents, an expansive rooftop pool deck with a restaurant and bar, lush landscaping, a robust wellness program and state-of-the-art fitness center and immersive art installations throughout the public spaces. The hotel’s sustainable Tropical Modern architecture by González Architects, is punctuated with living walls, large-scale sculptures, and flexible private event space including the signature ‘floating glass cube’. Designed as a perfect retreat of upscale, playful yet comforting experiences, The Ray embodies tropical luxury in an urban beach town setting.

“The Ray Hotel sets a new standard for upscale, design-focused hospitality in Delray Beach and serves as a modern South Florida escape for visitors and residents of the area,” said Craig Menin, chief executive officer of Menin. “It has been a long year for everyone, and this grand opening is a monumental moment that we share with the city and all the incredible partners who have helped make this vision a reality.”

Designed by Virserius Studio, each room is spacious and well-appointed with signature Ray beds that are dressed in eucalyptus linens and for ultimate relaxation, all baths feature Frette towels and robes, Waterworks fixtures, and Byredo bath products. The modern and eclectic aesthetic is achieved from the custom-made furniture and hand-woven rugs to beadboard paneling and large pendant light fixtures throughout the space evoking an upscale beachside feel. The bright bathrooms introduce hand-carved marble wainscoting and The Ray’s all-natural signature bath amenities. State-of-the-art technology appears throughout the room from digital key entry, energy-efficient lighting controls and mobile device control for TV and room service.

“We are incredibly excited to welcome The Ray Hotel Delray Beach, Curio Collection by Hilton to our portfolio of hotels in Florida – where Hilton currently welcomes guests to 440 properties across the state, and has seen exceptional growth, with another 110 hotels in the pipeline, thanks to the market’s appeal for leisure, business and convention guests,” said Danny Hughes, executive vice president and president, Americas, Hilton. “The hotel’s central location, best-in-class restaurants and elevated amenities will inspire all types of global travelers to discover Delray Beach and experience Hilton’s signature hospitality.”

The hotel’s global and diverse culinary offerings are at the heart of The Ray experience. Curated by Clique Hospitality, the hotel features Ember Grill, a modern twist on the classic American grill style restaurant and Rosewater Rooftop, a premier lounge and restaurant where guests can enjoy shareable small plates, fresh seafood, and expertly crafted cocktails, both designed by Studio Munge. The 22,000 square-foot-space, Rosewater Rooftop, features one of the destination’s only rooftop pools accented with sweeping baldachins, oversized umbrellas, trellises, and pergolas married to a lush tree canopy providing shade and distinct lounging areas throughout the space. An artisanal coffee shop, Stingers, also designed by Virserius Studio, offers coffee, tea, and breakfast fare while the lobby bar provides a sophisticated and intimate backdrop where guests can relax and enjoy a signature cocktail, light bites, or end the evening with a nightcap. Akira Back, designed by Celano Design, set to open in December 2021, will provide a multi-sensory modern Japanese dining experience led by the Michelin-starred chef, Akira Back.

The rooftop, a 22,000 square-foot floating glass Cube, and 9,550 square-foot ground floor plaza makeup over 45,000 square-feet of indoor/outdoor event space. The property boasts a state-of-the-art fitness center, fitness classes offered by our local partners, Montana Method, Purlife, and Delray Beach Boxing Club, yoga in the Plaza or on the Cube Rooftop, available for hotel guests and locals to enjoy. For those wanting to venture out, the hotel is blocks from the famed Atlantic Avenue filled with boutique shops, restaurants and galleries and a short ride to the beach to enjoy complimentary beach cabanas on the hotel’s vibrantly dressed, complimentary Mokes, golf carts, or bicycles. The Ray has partnered with local small business Nomad Surf Shop to provide surfboard and paddleboard rentals.

“The charm and character of the community has been thoughtfully captured at The Ray Delray Beach, which is characteristic of the more than 100 unique hotels and resorts that make up Curio Collection,” said Jenna Hackett, global head, Curio Collection by Hilton. “The Ray Hotel is a great addition to our portfolio of handpicked, one-of-a-kind hotels, which continues to exude the sense of culture and personality of this delightful Florida beach town.”

The Ray Hotel Delray Beach, Curio Collection by Hilton is located at 233 NE 2nd Ave, Delray Beach, FL 33444.

Integra Investments Acquires Sea Isle Marina Home of Miami International Boat Show in Arts & Entertainment District

Miami-based real estate investment and development firm Integra Investments, under its “Integra Marinas” platform, announced the acquisition of one of the highest-profile marinas in Miami’s urban core, Sea Isle Marina. Sea Isle Marina is the new home to the world’s largest boat and yacht event, Miami International Boat Show. Integra Marinas acquired Sea Isle Marina from Florida East Coast Realty, LLC, the original developer of the property. Terms of the sale were not disclosed.

Located at 1635 N. Bayshore Drive, in Miami’s Arts & Entertainment District, Integra Marinas plans to invest significantly in converting the marina into a world-class boating destination. Repositioning the asset will elevate the mariner experience on property and establish the site as the ultimate home for the globally recognized boat show and its nearly 100,000 annual patrons.

As part of the asset upgrade, Integra Marinas will replace and renovate all portions of the marina. This includes reconfiguring wet slips to harbor vessels up to 110 feet and enhancing current on-site services with the addition of lift slips, state-of-the-art boating technology, a new fuel system and superior onsite service. Oasis Marinas will be managing the property for Integra Marinas.

“Sea Isle Marina’s unparalleled location and fundamentals offer tremendous opportunity to capitalize on Integra Marina’s unique formula to own, operate and turn around a marina property to reach peak performance,” said Integra Investments Principal Victor Ballestas. “As an avid boater and growing up on the water, I visited Sea Isle often and look forward to being a part of its transformation.”

By land, Sea Isle Marina’s prime address affords direct access to downtown Miami and major interstates, while by sea, boaters enjoy unrestricted access to the bay and ocean via the Intracoastal Waterway. The full-service marina currently includes 222 wet slips that can accommodate 40 to 100 feet vessels, long- and short-term docking, and includes a fueling station and supply store.

Integra Marinas possesses expertise in the marina sector as an owner/operator and upland developer, and is one of the only true, turn-key marina and real estate developers in the marketplace. Focused on value-add opportunities in key coastal markets in Florida and beyond, the firm has strategically deployed millions in capital investments to convert existing marinas into high-performing assets, successfully maximizing revenue and profitability. The company’s portfolio also includes Westshore Yacht Club Marina in Tampa and Stock Island Yacht Club and Marina in Key West.

“With ongoing demand for marina redevelopment amongst those investing in this space, the acquisition of this trophy marina asset marks our strategic growth trajectory in coastal markets and strengthens our competitive position in the sector,” said Integra Marinas Principal Matthew Juall.

Avison Young's Michael T. Fay Launches Marketing For The Former Site Of Champlain Towers South In Surfside

Pursuant to the direction of the Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg, Avison Young, led by Michael T. Fay, has officially launched the marketing process for the sale of the Champlain Towers South site in Surfside, Florida. Efforts to establish a suitable memorial immediately adjacent to or near the site honoring the cherished memories of the victims of the horrific tragedy of June 24, 2021, are ongoing. The news comes as the reported stalking horse bidder continues to review their $120 million contract.

Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth are spearheading the sale, pro bono. The team welcomes all inquiries regarding the property and will soon announce the date and time for a live bidding process to take place in the courtroom in the coming weeks. Additionally, a contract for $120 million is in review by an undisclosed stalking horse bidder.

“It’s an honor for our team to sell this site through Receiver Michael Goldberg and Judge Michael Hanzman for all the families and victims of this sad tragedy,” said Michael T. Fay, Principal, Managing Director - Miami, Chairman, U.S. Capital Markets Executive Committee at Avison Young.

The Surfside land at 8777 Collins Avenue spans ±1.88 acres or ±81,886 square feet. The offering memorandum is available to the public and can be downloaded via the following link: http://properties.avisonyoung.com/surfside