RFR Holding And Tricap Partnership Acquire 12 Units At W South Beach For $10.78 Million

A partnership between Aby Rosen and Michael Fuchs’ RFR Holding and David Edelstein’s Tricap, who also co-developed W South Beach, have closed on the purchase of 12 units at the iconic beachfront condo-hotel for $10.78 million. The acquisition was financed with a $6.9 million loan from Citibank and Deutsche Bank and brings the partnership’s holdings to 225 units at the condo-hotel and plans to roll the newly acquired units into the hotel program.

The seller was a group of entities tied to Ralph and Joseph Nakash who initially purchased the units in 2014/ 2015 for roughly $9.85 million. The Nakash family are the owners of Jordache Enterprises which owns the Versace Mansion and Setai Miami Beach Hotel.

The deal was in the spotlight in the summer of 2020 after the RFR and Tricap partnership nearly did not close on the units during the COVID-19 pandemic and sued for their deposit back. The dispute was reportedly solved amicably.

The 20-story, 408-key W South Beach was developed in 2009 and just underwent an eight-month, $30 million renovation. W South Beach is located at 2201 Collins Ave.

Pritzker-Prize Winning Architect Zaha Hadid's Personal W South Beach Condo Sells For $5.75 Million

Pritzker-Prize winning architect Zaha Hadid’s personal Miami Beach condo located in the W South Beach has finally sold for $5.75 million. The oceanfront residence had originally been listed for $10 million unfurnished and was personally designed by the late Zaha Hadid herself, who is renowned for her innovative and geometrically appealing designs. The stunningly curvaceous southeast corner unit opens up directly to the Atlantic Ocean and offers 2,299 SF spread over 3 bedrooms and 4 bathrooms. The custom unit is a duplex combining two-floor plans, 2201 Collins Ave 728/26, complete with a sweeping corner balcony. At the time of sale the residence had been listed with Angelica Garcia & Ivan Chorney of ONE Sotheby’s International Realty’s Sports and Entertainment Division. David Pulley of Douglas Elliman’s Sports & Entertainment Division represented the buyer.

Photos via Jehovy with Zignavisual

Zaha Hadid's Personal W South Beach Condo Cuts Price To 6.5 Million

The price at Zaha Hadid’s W South Beach  condo has been cut to $6.5 million, down $3.5 million from the original list price. PROFILEmiami first reported in May that the late starchitect’s W South Beach condo had hit the market asking $10 million after her passing in March 2016. The oceanfront unit is 2,299 SF featuring 3 bedrooms and 4 bathrooms. The duplex unit is 2 combined floor plans with balconies wrapping the east and south. The custom furniture by the late "Starchitect" can be purchased separately but included is a separate guest apartment, which is a one bedroom facing southeast. The unit is listed with ONE Sotheby’s Ivan Chorney and Angelica Garcia. Check-out the video tour below.

Photos by Zignavisual

Tour the W South Beach Penthouse That Just Set The Bar For 2017 Condo Sales

A penthouse at W South Beach just sold for $10.2 million, setting the bar for 2017 condo sales as the highest sale per square foot this year (2017) at $3,502 SF. The residence is 3 bedrooms and 3 bathrooms spread over 2,912 SF with an additional 3,000 SF of outdoor space. The Yabu Pushelberg designed unit features quartz counters, marble bathrooms, Creston smark home system and Lutorn lighting. Outdoors the unit also features a private lap pool, hot tub and lounge area overlooking the beach. The unit was listed with Farid Moussallem and Miltiadis Kastanis of the Miami Lifestyle Team at Compass for $15 million and the buyer was represented by Luis Gonell of Engel & Voelkers. Enjoy the photo tour below.

Featured Listing: Zaha Hadid's Personal W South Beach Condo Lists for $10 Million

Zaha Hadid’s personal Miami Beach condo which is located in the W South Beach has been listed for $10 million unfurnished. The oceanfront unit is 2,299 SF featuring 3 bedrooms and 4 bathrooms. The custom furniture by the late "Starchitect" will be sold separately. The number comes to around $4,350 SF, which ranks the listing as one of the five most expensive listings in South Beach per square foot. According to list agent Rex Hamilton, the residence is “presented as a grand main apartment with balconies wrapping the east and south views plus a totally separate guest apartment, which is a one bedroom facing southeast. The main apartment originally combined two-floor plans, which Zaha Hadid then reformatted and customized as a grand one-bedroom residence with a generous oceanfront living room and terraces for entertaining guests.” The unit is listed for $10 million with Rex Hamilton of The Rex Hamilton Corporation. Check-out the video tour below. 

Featured Listing: UPH2 at W South Beach with Ample Rooftop Space Lists for $9.95 Million

UPH2 at W South Beach is a true South Beach luxury party pad. This penthouse features over 2,647 SF of indoor space matched with 2,700 SF of outdoor space. The 3 bedroom layout includes 3.5 bathrooms along with marble floors, floor-to-ceiling windows and smart-home technology. The outdoor space is what sets this listing apart, with 5 balconies and an enormous rooftop terrace with an outdoor entertainment area including private rooftop pool, pool table, outdoor theater, summer kitchen and beautiful views of Miami Beach. Currently listed for $9.95 million. Listing and photos by Luis Gonnel of Engel & Voelkers.

Featured Listing: W South Beach Penthouse Lists for $18 Million

The W South Beach is alive and well as Penthouse #PH26/2 has listed for $17,890,000. The 3,595 SF corner unit features 4 bedrooms and 5 bathrooms with an interior fully designed and furnished by Steven G. The pricing comes out to $4,976 SF, a steep ask in a market that has shown signs of slowing up. The unit features expansive outdoor space with wrap-around balconies with unobstructed views to the east, south and north of the building. The unit also includes smart house technology including a Control 4 system, leather wood-encased interior doors, leather wall paneling and glass walls that can be changed from translucent to opaque with the press of a button. Located at 2201 Collins Ave., the W South Beach Resort Residences provide residents with resort style living at one of the finest, most popular and iconic hotels in South Beach. Listing and photos by One Sotheby's International Realty. 

Top 10 Hotel Pools in Miami

1. Mondrian South Beach Hotel & Residences

Hands down the best place to spend sunset in Miami with unobstructed views over Biscayne Bay to Downtown Miami. A full-size pool and a splash pool with hammocks and cabanas accompanied by a DJ make Mondrian South Beach a Sunday hot-spot.

2. The Delano

Capped off with the iconic garden table and chair in the shallow end of the oversized pool, Ian Shrager's design continues to live true. A classic Miami Beach setting with pool side cabanas, bungalows and a bar keep the Delano pool a lively affair. 

3. SLS South Beach

The SLS South Beach is one of the most style Art Deco updated hotels on the Miami Beach. The dual pools in the back are not exception. A calm, hotel style pool sits right behind the hotel, followed by the crazy Hyde Beach, which features real sand in the lounge areas and a party scene. 

4. 1 Hotel South Beach

1 Hotel features one of the best pool set-ups in Miami. Upstairs, one of the largest rooftop pools in North America is matched with a full-service lounge and a surreal atmosphere and views of the skyline and Atlantic Ocean. Downstairs a huge pool deck with cabanas and beach access make the resort a must see.  

5. The Standard Lido Beach Hotel & Spa

Another bayside hotspot, The Stand Lido Beach Hotel & Spa almost blends the bay with the pool. The buzzing atmosphere, luscious gardens and amazing sunset views make the hotel's pool a special place. A full-service experience is best capped off in the spa. 

6. The Setai

3 different pools with 3 different temperatures makes the pool experience at The Setai pure luxury. A 75 degree lap pool, 85 degree adults-only pool and a 95 degree family pool make sure everyone is covered. You can even order poolside service through their app to make sure you don't have to move a muscle as you relax. 

7. W Hotel South Beach

A true Miami Beach atmosphere a W Hotel South Beach. WET provides a full menu and all the rose and cocktails you could want. Cabanas, tropical landscaping and a DJ keep you comfortable as you enjoy the vibrant scene. Slip out to the beach if you want a change of scenery right to the back. 

8. The Four Seasons Hotel Miami

It might be right in the middle of Brickell, but The Four Seasons Hotel Miami makes you feel as if you are far from any city. A full-size pool and a wading pool let you choose how to spend your time. Hammocks, cabanas, lush landscaping and access to Equinox Sports Club keeps separate it from the rest. 

9. The Biltmore

One of the largest pools in the continental U.S. with over 600,000 gallons of water and 23,000 SF have kept The Biltmore's pool one of the finest in Miami since it rose to fame in the 1930's. The Biltmore doesn't have the party scene that the pools in South Beach have, so you can relax and escape in tranquility. 

10. W Hotel Miami

After recently transitioning from the Viceroy Miami to W Hotel Miami, Club 50 has never been better. The rooftop pool is one of the only in Brickell and has amazing views of the Brickell and Downtown Miami skylines. DJ's and full-service make Club 50's rooftop pool a perfect place to party.