Former Site Of Bal Harbour Yacht Club Hits The Market For $65 Million As Luxury Home Site

Real estate investor Joseph Imbesi has listed the former site of the Bal Harbour Yacht Club for $65 million. Imbesi purchased the shares of the Bal Harbour Club in the 1990s for $19,000,000. The Bal Harbour Club owned 5.5 acres on the beach, where Oceana Bal Harbour is now located and 10 acres on the bay, where the $65 million lot of land sits. The properties were owned by the proprietary members of the club and they wanted to sell so Imbesi bought all of the individual shares to gain control of the company and the assets that it owned.

The 80,040 square foot lot of land was never meant to be a home site when Imbesi purchased the land in the 1990s but he worked with the city for the past few years and got the entitlements to convert the property into a home site and they finally got approved. This particular lot is the most special piece of the 1990s purchase, it is where the Bal Harbour Yacht Club building, designed by Alfred Browning Parker, once stood. It took Imbesi many years of working with the city to reposition this property into the future site of what will be the most special home in South Florida.

The property is a peninsula with water on three sides and also features 200 feet of road frontage. It comes with 7 boat slips on the inside of the protected waterway where the buyer will have the riparian rights to build new docks or helipad. Land under water on inside of marina is privately owned so you have the ability to do something creative that extends far off of the seawall.

The property is now listed for $65,000,000 with Tony Imbesi of Douglas Elliman.

For more information about the home site at Bal Harbour Yacht Club, private showings or purchasing/ leasing information please fill out the form below:

The Largest Listing To Be Revealed at ARTE by Antonio Citterio Hits The Market For $23.25 Million

PROFILEmiami is excited to exclusively reveal Villa Sette, ARTE by Antonio Citterio in Surfside’s latest and largest listing to-date, which just hit the MLS at $23.25 million fully furnished. The unique residence was created in response to demand for more space spurred by the COVID-19 pandemic, and a luxury experience that not only meets but rivals the single-family home lifestyle. Villa Sette is a new oceanfront, full-floor residence, made from two combined units offering five bedrooms, six and a half baths and a theater. In total the residence spans 6,262 interior square feet and 4,316 exterior square feet.

The combined units at Villa Sette feature an oceanfront master suite is nearly triple in size and offers the addition of a midnight bar, more closet space and a dressing room. The second and third bedrooms were turned into “sunset master suites” with framed views of Downtown Miami and a luxe home theater was added as one of many in-residence amenities. The full-floor listing is also the only residence at ARTE with a terrace that wraps 360 degrees around the property, with 120 linear feet of direct oceanfront.

ARTE by Antonio Citterio is a 12-story luxury oceanfront building comprising of just 15 or 16 exclusive residences, depending on if Villa Sette is sold as a single residence or two. The building was developed Alex Sapir and Giovanni Fasciano and was designed by Italian master architect Antonio Citterio. ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE residents enjoy a robust suite of amenities not found in other Miami luxury condominiums. They include a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

For more information about ARTE by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

PPG Development Acquires TRYP by Wyndham Miami Bay Harbor Hotel For $30 Million

PPG Development, led by Ari Pearl, has acquired TRYP by Wyndham Miami Bay Harbor Hotel for $30 million, roughly $312,500 per key. The acquisition was financed by a $26 million short-term mortgage provided by Arbor Realty SR. TRYP by Wyndham Miami Bay Harbor Hotel is located in the Bay Harbor Islands at 9540 W Bay Harbor Drive. The waterfront hotel was completed in 2018 and features 96 rooms spread over seven-stories totaling 111,063 square feet. The hotel also features a rooftop pool, bar, ground-floor restaurant, meeting room and fitness center.

The TRYP by Wyndham Miami Bay Harbor Hotel previously faced $25 million foreclosure lawsuit but the case was ultimately dismissed and the mortgage was satisfied.

ARTE Closes New Deals Selling Over $59 Million Last Month

ARTE, a 16-residence luxury condominium developed by Alex Sapir and Giovanni Fasciano, has closed on over $26 million in sales in just a few short weeks. Arte has broken the Surfside sale records with its $33 million penthouse deal and has sold over $59 million in the last month.

On the heels of its $33 million penthouse sale ARTE announced the sale of two more homes, Residence 202 and Residence 501. Both residences feature indoor-outdoor living with private outdoor space that is currently in high demand. Residence 202 is a furnished, six-bedroom duplex villa that sold for the full asking price of $16 million. The in-house Sales Executive for ARTE, Dean Bloch from Douglas Elliman, represented the seller. The buyer was represented by Chad Carroll of Compass. Residence 501 is a four-bedroom condo that sold for $10.2M, which was $250,000 over the asking price. Tara West of Douglas Elliman and also the exclusive marketing and sales agent of ARTE represented the developer in the sale. The buyer was represented by Eklund Gomes Miami.

For more information about ARTE by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Ivanka Trump And Jared Kushner Rent Condo In Arte by Antonio Citterio In Surfside

President Donald Trump’s daughter and son-in-law, Ivanka Trump and Jared Kushner, have reportedly signed a lease at ARTE by Antonio Citterio in Surfside, developed by Alex Sapir and Giovanni Fasciano. The news comes as President Trump leaves the White House for his nearby Mar-A-Lago estate in Palm Beach. Ivanka Trump and Kushner acquired a property for $32 million in December 2020 on Indian Creek Island, an ultra-exclusive billionaire bunker enclave adjacent to Surfside. The Sapir Organization has close ties to the Trump Organization as the pair developed the Trump Soho in partnership with Bayrock, a hotel condominium in Manhattan’s Hudson Square neighborhood which was completed in 2008.

ARTE is a 12-story luxury oceanfront building comprising of just 16 exclusive residences, located at 8955 Collins Avenue in Surfside. ARTE was developed by Alex Sapir and Giovanni Fasciano and designed by Italian master architect Antonio Citterio. ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE features a full-suite of lavish amenities including a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

ARTE by Antonio Citterio Breaks Record With $33 Million Triplex Penthouse Cash Sale In Surfside

ARTE, a new oceanfront luxury condominium developed by Alex Sapir and Giovanni Fasciano, have announced the record-breaking sale of its triplex penthouse for $33 million. The all-cash transaction is Miami Beach’s third most expensive penthouse sale in the last seven years, and represents the highest price per square foot ever recorded in the city’s exclusive Surfside neighborhood. In the transaction ARTE was represented by Tara West of Douglas Elliman Development Marketing and Ryan Serhant of Serhant Group and Julian Cohen of Jills Zeder Group represented the buyer.

“We’re thrilled to have sold this penthouse at a record-breaking price for Surfside and Miami Beach, as ARTE is much more than an ordinary luxury condominium,” said Alex Sapir, Chairman of Sapir Corp LTD, whose Israel- and New York-based subsidiary, SC 8955 LLC, developed the project. “Buying at ARTE is like joining an exclusive club reserved for the domestic and international elite who place a premium on privacy, architecture and service, an experience that one can attain at the finest hotels and resorts around the world without the transient environment. We aimed to design a lifestyle that would allow for buyers to always feel like they’re on vacation, even if Miami is their permanent residence. The dedication to the experience and design has been the mission from day one and we hope that all these details are what resonated with the penthouse buyer, as there’s nothing else comparable in the city.”

At roughly $4,300 per square foot, the five-bedroom residence has shattered the previous Surfside record of $3,656 price per square foot. The penthouse at ARTE also secured the second-highest price per square foot in Miami Beach’s penthouse history. The transaction represents the third-most expensive penthouse sale in Miami Beach within the past seven years.

“The world’s most affluent people with homes across cities like London, LA and New York are now coming to Miami for its warm weather, beautiful beaches, tax benefits and unique lifestyle,” said Giovanni Fasciano, developer partner at ARTE. “We are truly the premiere luxury condominium that can offer them the privacy and services that they have come to expect. The design and quality of ARTE will stand the test of time. We are proud to hold the record for most expensive penthouse sale in Surfside and the second-highest price per square foot in Miami Beach’s penthouse history. The titles are truly reflective of the amount of thought and care that went into developing such a special project.”

The triplex penthouse is the crown jewel of ARTE. At 7,681 interior square feet, the penthouse features five bedrooms, five bathrooms, two powder rooms, and an additional 6,260 square feet of terrace space with 360-degree panoramic views of Miami Beach, the Atlantic Ocean and the illustrious Surfside shoreline. The home also includes a private rooftop lounge featuring a show-stopping, 23-foot swimming pool, a wraparound pergola in Botanic Green Quartzite, as well as a fully equipped kitchenette. The record-breaking penthouse was sold completely furnished by Visionnaire, a leading Italian design brand, with showrooms in the U.S. and around the world, to a highly sophisticated individual from New York who works in private equity.

With ARTE, a 12-story luxury oceanfront building comprising of just 16 exclusive residences, Alex Sapir and Giovanni Fasciano created a masterpiece in Miami’s condominium market. Featuring a stunning design by Italian master architect Antonio Citterio, ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE residents enjoy a robust suite of amenities not found in other Miami luxury condominiums. They include a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Check Out This Exclusive Oceanfront Duplex Residence In The Newly Completed Arte by Antonio Citterio

A duplex villa in the newly completed Arte, by Antonio Citterio, recently hit the market in Miami’s Surfside neighborhood asking $15.5 million. Arte is a unique oceanfront residence that embraces seaside views and modern architecture with a mediterranean flair. Residence 202 is staged by Artefacto, featuring the brand’s newest collection designed by Patricia Anastassiadis.

Nestled between Bal Harbour and Miami Beach, residence 202 is a duplex villa over 8,000 sq.ft. designed with minimalistic architecture and decorated with a node to Brazil. The private terrace overlooks a tranquil beach with floor-to-celing windows allowing the natural light to stream in. This villa is perfect for entertaining, the lower level contains grand open concept living with al fresco dining, complete with European white oak floors and bronze detailing. The duplex Residence 202 is priced at $15.5 million with sales overseen by Douglas Elliman.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Spec Home Hits Market In Bal Harbour Asking Highest Price Per Square Foot For a Dry Lot

A spec home at 161 Camden Drive has hit the market in Bal Harbour asking the highest price per square foot for a dry lot home in the ultra-wealthy village which sits just north of Miami Beach. The tropical modern residence is designed by One D+B Miami/ H2 Architecture and asking $6,930,000, which equates to $938 per square foot. The home is currently under construction and is expected to be completed in Q4 2020.

161 Camden Drive spans 7,387 square feet with 7 bedrooms and 8.5 bathrooms. The lavish spec home features high-end natural finishes, an entry water garden, two story waterfall, and salt water pool. The home sits on an oversized 15,207 square foot lot within an exclusive gated community.

161 Camden Drive is currently listed for $6,930,000 with Moshe Goldshtein of Harding Realty.

Apparel Industry Icon Gerard Guez Purchases Unit at Arte by Antonio Citterio For $11,480,000

An Israel- and New York-based luxury real estate development firm SC 8955 LLC, a subsidiary of Sapir Corp Ltd., announced that Gerard Guez and his wife Jacqueline Rose will purchase unit 601 on the 6th floor of the oceanfront boutique condominium, Arte by Antonio Citterio. The boutique, waterfront luxury building is nearing completion and receipt of its certificate of occupancy. The transaction will close during the second quarter of 2020 with a purchase price of $11,480,000. The Purchase Price reflects $2,713 per SF.

“We are excited that Jacqueline and Gerard will be among the residents of the Arte project as we enter active sales,” said Alex Sapir, who is developing Arte. “We look forward to welcoming them home this spring.”

“The residences at Arte were designed as trophy homes for our very exclusive clientele,” said Giovanni Fasciano, a development partner in Arte. “We are proud that the building resonated with Jacqueline and Gerard and thrilled that they have decided to make unit 601 their Miami home.”

Nestled in the exclusive enclave of Miami’s Surfside neighborhood, Arte, an oceanfront condominium, is the first project in the United States by Antonio Citterio, the Italian master architect known for his collection of Bulgari and Mandarin Oriental hotels located throughout the world’s most posh destinations, including Dubai, London, Milan and Bali. Citterio viewed Surfside as the next great American Riviera and designed the 16 residences at Arte to emulate the destination’s global sophistication. The residences were designed inside and out by Citterio, and in collaboration with Kobi Karp Architecture & Interior Design. At Arte he used only the highest quality materials, like Roman travertine hand- selected from Italy, and created seamless indoor-outdoor living spaces punctuated by expansive wraparound terraces with Ipe decking. A complete suite of resort-style amenities also reflects this lifestyle. The array includes a 75’ indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature- controlled parking spaces.

“It’s rare that you see such high-end features in a condominium, and we felt it was a great time to invest in Surfside,” said Gerard Guez, who currently serves as the chairman and founder of Sunrise Brands, an apparel conglomerate built upon the formerly public company Tarrant Apparel Group that he founded in 1988 with the iconic brands Sasson jeans and JAG. For over 40 years, Gerard’s companies have designed and produced denim jeans and other apparel for countless recognizable brands that we know today. He shepherded the success of premium denim in the United States, helping define ‘80s pop culture with commercials including Elton John, Carol Alt, Nicolette Sheridan and The New York Rangers. His latest portfolio of brands includes NYDJ/Not Your Daughter’s Jeans, American Rag, DG2 by Diane Gilman and Seven7Jeans, and his company recently closed on the acquisition of Donald Pliner, a brand specializing in women’s and men’s footwear and accessories. Gerard is also a founder of the iconic Buddha Bar, which began as a single restaurant in Paris and has grown into a worldwide collection of luxury hotels, restaurants and spas, and is an active investor in real estate, fintech and other public and private equity. Arte is Gerard’s first Miami condominium and joins his prestigious roster of homes throughout the U.S., which includes a residence at Manhattan’s famed supertall skyscraper, 432 Park Avenue. As a world traveler with an appreciation for European sensibilities, Gerard was drawn to the Mediterranean-inspired lifestyle at Arte.

The Choeff Levy Fischman-Designed 224 Bal Bay Drive Breaks Records In Bal Harbour With $24 Million Sale

224 Bal Bay Drive has closed for $24 million after being listed on February 8, 2019 for $24.95 million with Dina Goldentayer of Douglas Elliman. The home was on the market less than 5 months before closing to an undisclosed buyer represented by Sandra Debuire of Coldwell Banker. This represents the highest sale ever recorded in Bal Harbour, Florida for a single-family home, 182 Bal Bay Drive previously held the record when closed for $17.5M in 2013.

Designed by award-winning architects, Choeff Levy Fischman, with interiors by designer Deborah Wecselman, the 11,700 SF modern home has 100’ of water frontage and unique to the area, a 1,433 SF rooftop space that is solar-panel ready.

The luxurious home features 8 bedrooms and 9 bathrooms along with a media room, lounge, multi-purpose room, a master bedroom suite with two large terraces and on one of the terraces, its own outdoor shower, a large indoor gym, elevator and 50’ infinity-edge lap pool with bright blue mosaic tile overflows into a reflective pond and connects to a smaller shallow splash pool. Lush landscape surrounds a covered terrace with firepit, reflecting ponds, floating stepping stones, and an outdoor dining area, with full kitchen and a cabana bath. The roof is also an ideal space for entertaining, and has been designed to include an elevated wooden deck, a custom built-in bar with tropical wood finish and custom built-in seating.