Only One Listing Remains At Arte Surfside After $20 Million Of Sales In January

Only one residence remains at Arte Surfside following $20 million of sales in January. Arte Surfside is a newly developed 12-story, 16-unit oceanfront luxury condominium at 8955 Collins Avenue. The final developer unit at Arte is Residence 201, a six-bedroom condo featuring panoramic views and expansive interiors designed by master Italian architect Antonio Citterio, priced at $20 million and listed with Douglas Elliman Development Marketing.

Known for pioneering cryptocurrency transactions and setting price per square foot records in Miami Beach and Surfside, Arte has also announced the sale of Residences 802 and 701, which has brought the building to near sellout. The two deals closed this week at $11.2 million and $12.225 million respectively, with the latter fetching nearly $3,911 per square foot.

“With 2022 already off to such a strong start, Residence 201 won’t be on the market for much longer,” stated Alex Sapir, Chairman of Sapir Corp LTD, whose Israel-and New York-based subsidiary, SC 8955 LLC, developed the project. “Arte provides a one-of-a kind residential experience in Miami Beach that luxury buyers today are seeking out. They are drawn to the city for its year-round warm weather and beautiful beaches and see Arte as an enticing lifestyle and financial investment.”

The last remaining listing at Arte is Residence 201, a grand, estate-sized duplex that boasts gracious living areas, six bedrooms, seven and a half bathrooms and private elevator entry. In total, Residence 201 spans 6,982 interior square feet and 1,488 exterior square feet. Designed for seamless indoor-outdoor living, the residence emulates a Mediterranean lifestyle with expansive wraparound terraces clad in travertine and ipe decking that blend into modern, open living areas. There are two gourmet chef-style kitchens in the home, one on each floor. They are both kosher friendly and designed with Poliform cabinetry, Italian marble countertops and Gaggenau appliances.

Residence 201’s duplex floor plan is also unique because it maximizes the home’s oceanfront views. Both the master suite on the top level as well as the spacious living, dining and entertaining area on the bottom level feature dramatic vistas of the water and shoreline, with the lower entertainment level also including a private staircase that leads directly to Arte’s luxurious spa and beach amenities. This feature is ideal for families wanting easy access to the pool and beach.

“Residence 201 exemplifies what buyers want; there’s nothing else like it currently available on the beach,” said Giovanni Fasciano, a co-developer at the project. “People recognize what a privilege it is to live at Arte, and it’s a key reason why we’re receiving offers at or above full asking price. There is great value in owning at this development.”

Closing at full asking price, Residence 802 recently closed at the full asking price of $11.2 million for three-bedroom, three bathroom home which spans 3,126 interior square feet. The listing sold unfurnished for $3,583 per square foot, with Ryan Mendell of Maxwell E. Realty Inc representing the buyer. Residence 701, a three-bedroom home with over 2,150 square feet of private outdoor space, sold furnished by Artefacto for $25,000 over its $12.2 million asking price, at $3,911 per square foot. Ohad Fisherman of Societe Real Estate represented the buyer in the deal, and Miltiadis Kastanis of Douglas Elliman represented the seller for both residences.

Antonio Citterio, in collaboration with Kobi Karp Architecture and Interior Design, designed Arte with Miami’s 1930s architectural heritage in mind. Nodding to the legacy of ancient landmarks such as the Colosseum, the building features a Roman travertine façade articulated with broad expanses of sliding glass doors and a gridded bronze Schuco window system. Arte takes its name not only from the artful design of the building, but also from the curated artwork within it.

Amenities at Arte include a 75’ indoor swimming pool, an outdoor swimming pool, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and a tranquil meditation pond. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining and private temperature-controlled parking spaces.

La Baia, Bay Harbor Islands Is Over 65% Sold In Less Than Four Months After Launching Sales

La Baia, Bay Harbor Islands, is now over 65% reserved in less than 120 days since launching sales for the boutique bayfront condominium and private marina. The project is being developed by Ian Bruce Eichner, who was the catalyst behind South Beach’s prestigious South of Fifth neighborhood when he developed Continuum South Beach a decade ago. Eichner set his sights on building La Baia on one of the last large-scale land parcels remaining in the exclusive Bay Harbor Islands. Sales are been exclusively handled by Phil Gutman and have been attributed to the property’s tranquil cove-like setting, luxurious resort-style amenities, and large, airy offerings that have La Baia outpacing the rest of the area’s luxury condominium market.

“At a time where we are experiencing unprecedented Miami sales activity, and with buyers being more selective than ever on where they choose to live, we are delighted that our boutique limited edition offering, one of Miami’s best kept secrets, is a clear choice,” said Phil Gutman, President of Pgutman LLC. “With La Baia’s sales gallery slated to open later this month, the extraordinary sales are a true testament to the overwhelming response that the property has received from savvy buyers from across the U.S. and world.”

“We look forward to continuing to build upon this exciting momentum as we prepare to break ground on La Baia this month,” said Ian Bruce Eichner, founder of The Continuum Company, LLC. “Our buyers recognize the unprecedented value of the privacy and resort-style amenities that makes La Baia a product unlike any other on the market today.”

Located at 9201 East Bay Harbor Drive, La Baia will rise eight stories and will feature 68 luxurious residences with 20-boat slips and more than 30,000 sq. ft. of resort-style amenities. La Baia is designed by Revuelta Architecture and the rooftop amenity deck and lush greenery was envisioned by world-renowned landscape architect Enzo Enea. Residences are sized from one- to four-bedrooms and span between 1,100 to 2,500 square feet. Each La Baia home will be delivered completely finished and ready to be designed, decorated and furnished.

Residences will features well-appointed fixtures and finishes curated by New York-based Durukan Design. Ceiling heights range between 9’ to 10’, there are spacious his-and-her walk-in closets, and balconies with glass railings. Kitchens feature custom Italian cabinetry by Snaidero is complemented by Miele appliances, along with quartz stone countertops and Hansgrohe fixtures. Every La Baia, Bay Harbor Islands primary bathroom and powder room features marble flooring and dual rainfall showers.

Pricing started at $810,000 for a one-bedroom residence when sales launched. The project is slated for completion and delivery in November 2023.

Renderings via Evolution Virtual

For more information about La Baia, private showings or purchasing/ leasing information please fill out the form below:

Step Inside A Newly Listed 2 Bedroom + Den Bijou Bay Harbor Waterfront Residence Magnificently Designed By Adriana Hoyos Asking $1.89 Million

The Bay Harbor Islands have been one of Miami’s hottest neighborhoods over the past several months and this newly custom-designed turnkey waterfront condo asking $1.89 million immerses you in the islands’ tranquility with breathtaking views and is just a short walk to the beach. Bijou Bay Harbor Unit 502 is a waterfront corner two bedroom 2 1/2 bath plus den which comes fully furnished and move in ready. The turnkey residence was designed and decorated by Adriana Hoyos. The residence spans 1,772 SF with an additional 300 SF of patio space. Bijou Bay Harbor only has 41 total boutique residences and Unit 502 is the only available fully furnished and move in ready residence in the building. Bijou Bay Harbor is only one block from Bal Harbor Shops and is walking distance to Bal Harbor Shul and Young Israel Synagogue, as well as the beach and Surfside.

Bijou Bay Harbor 9521 E Bay Harbor Drive Unit 502 is currently listed for $1.89 million with Mark Pordes and Garrett Pordes of Pordes Residential. For more information or to set-up a showing please contact Mark at (305)-588-7769 or email Mark@pordesresidential.com, or Garrett at (305)-785-8880 or email Garrett@pordesresidential.com.

This article was made in partnership with Pordes Residential

CMC Group and Morabito Properties Break Ground On Onda Residences In Bay Harbor Islands

Veteran Miami developers Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties have broken ground on Onda, a new boutique luxury condominium in Miami’s exclusive Bay Harbor Islands neighborhood. Designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica, the 8-story waterfront development, now rising at 1135 103rd Street, will boast more than 300 linear feet of bay frontage, a private marina, and sweeping views of Biscayne Bay and the Atlantic Ocean. Construction is expected to be completed in 2023.

News of Onda’s groundbreaking comes as the next wave of residential development in Miami takes hold, fueled by an uptick in demand from domestic buyers looking to relocate from major U.S. cities who are attracted to Florida’s desirable quality of life, lower business and living expenses, and tax-friendly policies.

More than 60% of Onda’s 41 luxury residences have already been pre-sold, with the majority of its buyers hailing from the U.S. Impeccably finished residences include two- to four-bedroom plus den layouts measuring between 1,809 and 3,535 square feet in size, with four penthouse residences measuring up to 5,073 square feet – two of which include private rooftop pool decks. Prices range from $1.8 million to over $9.5 million.

“We set out to create an ultra-luxurious intimate building with a handful of units and residents in one of the nicest waterfront communities in South Florida,” said Ugo Colombo, Founder of CMC Group. “Onda’s boutique exclusivity, commanding bay views, and top-quality finishes and materials will brand it as a standout property for a long time to come.”

“Onda will deliver a one-of-a-kind living experience that you won’t find anywhere else in Miami,” said Valerio Morabito, CEO of Morabito Properties. “Our unique location in Bay Harbor Islands offers residents the best of both worlds – the convenience of being connected to the energy of Miami Beach with access to an abundance of restaurants, shopping and entertainment options just minutes away, with the privacy that comes with living in a private family-oriented neighborhood away from the congestion.”

Located just west of the world-class shopping mecca Bal Harbour Shops, Bay Harbor Islands is one of the most coveted residential neighborhoods in Miami. The exclusive two-island waterfront enclave is situated roughly two miles north of Miami Beach and neighbors Indian Creek Island, a private island famously known as “Billionaire Bunker” for its roster of celebrity residents. Bay Harbor Islands is renowned for its charming small-town community vibe, proximity to Miami’s poshest retailers and restaurants, and stunning waterfront views. The walkable family-oriented village also offers an abundance of parks and green space, along with access to one of the best schools in Miami-Dade County.

Among Onda’s most popular features is its private marina with boat slips ranging from 35 to 60 linear feet. The marina’s 15 slips, which are already 70% sold, are available for purchase by residents only. The development will also include a water sports launch dock with available kayaks, paddle boards and inflatables, boasting direct ocean access through Miami’s Haulover inlet.

Building amenities will include a rooftop pool deck and lounge area; a state-of-the-art fitness center with Technogym equipment, a yoga studio, a spa with massage treatment rooms, changing facilities, and steam bath and sauna rooms. Onda will also feature personalized services, state of the art security and technology along with a front desk reception, covered valet drop-off area, personal parking spaces, electric vehicle charging stations and bicycle storage, and residential storage space. The building will offer an integrated digital concierge along with readily accessible WiFi throughout all public spaces, and FTTH (fiber to the home) technology for voice, video and high-speed internet.

All residences will feature an office/den, private and semi-private high-speed elevators, floor-to-ceiling, impact-resistant sliding glass doors and windows, spacious tiled terraces with private gardens, open floor layouts with up to 9-foot grand ceiling heights, fully-accessorized Snaidero kitchens with top-of-the-line Miele appliances, bathrooms with Italian marble and wood cabinetry, exquisite Italian flooring throughout, energy-efficient air conditioning and heating systems with ultra-quiet technology, and air and water filtration systems.

Onda – also known as the Italian word for “wave” – has been architecturally designed by Bernardo Fort-Brescia of Arquitectonica, with interiors imagined by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture, and lush landscaping by award-winning landscape architect Enzo Enea of Enea Garden Design.

Onda benefits from the track-record and expertise of Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties – two world-class developers driven by their Italian instincts for quality, style, and craftsmanship. Colombo and Morabito previously partnered in 2016 to lead the development of Beach House 8, a nearby boutique waterfront condo building on Collins Avenue in Miami Beach. Most recently, Colombo and CMC Group delivered Brickell Flatiron, a 64-story luxury tower in Downtown Miami’s Brickell Financial District.

Fortune Development Sales is managing sales and marketing for Onda Residences.

Check out our PROFILE Exclusive Interview with Valerio Morabito of Morabito Properties.

Renderings:

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

Finvarb Group Acquires The Landon Bay Harbor Hotel For $10 Million

Finvarb Group, led by Ronny Finvarb, has acquired The Landon Bay Harbor Hotel for $10 million, roughly $219,000 per key. The seller was BHI Hotel who acquired the property in 2007 for $3.9 million. The property was listed with David Cohen and Arthur Porosoff with Compass as well as David Greenberg with Marcus & Millichap. The Landon was built in 1946, renovated in 2010, and is located at 9650 East Bay Harbor Drive. The boutique hotel features 46-keys and spans 22,729 SF. The Landon is also home to The Palm Miami.

The hotel market in Miami has been extremely hot over the past several months. Swire Properties recently sold the 352-key East Hotel in Brickell City Centre for $174 million; Victory Investments Group acquired the art deco Hotel Astor on Miami Beach for $12.75 million; the Brazil-based real estate development firm JHSF acquired the COMO Metropolitan Miami Beach hotel for $70 million; Electra America Hospitality Group (EAHG), a joint venture between Electra America and AKA, acquired the Conrad Miami hotel for over $100 million; and AMS Hospitality, a joint venture between The Allen Morris Company and Black Salmon, acquired the 97-key Circa 39 Hotel in Miami Beach for $25.5 million.

The Finvarb Group is a real estate development and investment company specializing in developing quality mixed-use hotels in premium urban locations and in emerging and underserved markets throughout the United States. The Finvarb Group owns, develops and invests in areas with strong demand growth and which appeal to both business and leisure travelers alike. The Finvarb Group's hotels are linked by a common thread of excellence, distinctiveness and a passionate commitment to deliver outstanding quality. Finvarb Group recently developed and owns The Kimpton Palomar South Beach and recently broke ground on The Thompson South Beach.

PROFILE Exclusive: Inside Onda Residences In Bay Harbor Islands With Developer Valerio Morabito

PROFILEmiami caught up with Valerio Morabito, CEO of Morabito Properties, to discuss his newest joint venture condo development with Ugo Colombo’s CMC Group, Onda Residences in Miami’s Bay Harbor Islands. Designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica, the 8-story boutique building’s waterfront location will boast more than 300 feet of bay frontage, a private marina, and sweeping views of Biscayne Bay and the Atlantic Ocean. Construction of Onda is estimated to begin this November with completion slated for 2023.

PROFILEmiami: What are your plans for Onda and what does “Onda” mean?

Valerio: When my partner Ugo Colombo and I were envisioning Onda, we had a “less is more” philosophy in mind – an intimate boutique-style condominium with large residences and luxury amenities. The project’s most unique feature of all, it’s waterfront location on the shores of the exclusive Bay Harbor Islands, was our biggest inspiration.

Onda is the Italian word for “wave.” With over 300 feet of direct bay frontage, the property will include a private marina for residents, a water sports launch dock with available kayaks, paddle boards and inflatables, and direct ocean access through Miami’s Haulover inlet.

PROFILEmiami: Tell me about the building’s architectural design.

Valerio: We chose Bernardo Fort Brescia of Arquitectonica for Onda’s architectural design. Bernardo is a world class architect that knows how to translate the beauty of this city into design. That's what he successfully did with Onda, reflecting the movement of the water and the beauty of the bay into the building’s exterior façade with its undulating balconies.

We have always imagined a place immersed in nature, facing the crystal waters of Biscayne Bay and overlooking Haulover natural park, an oasis of peace and tranquility. Steps away from the best shopping, restaurants, beaches and schools in this city. A place where people can connect with nature, enjoy watersports and boating thanks to the marina and the immediate proximity to the ocean. A place where residents can relax and reinvigorate in the spa and gym. A small, private and fully amenitized building in a unique location that makes life easy and filled with great experiences.

PROFILEmiami: What about the rest of the design team and the interiors?

Valerio: We partnered with A++ Human Sustainable Architecture to imagine the building’s interior design and amenity spaces, and with Enzo Enea of Enea Garden Design to create a signature landscape design for the surrounding grounds.

Onda’s interior décor is being imagined by Carlo and Paolo Colombo, the creative masterminds and founders behind A++. The partners, who are both from Milan, the design capital of the world, have built their reputation by designing and building architectural projects – from hotels and restaurants, to residences and commercial spaces – inspired and heavily rooted on the vision of sustainability and well-being.

Their design of the building incorporates natural materials and textures amid light wooden floors, stone and marble accents, and mid-century style furnishings – all in tones of white, beige, gray, brown and gold. Lush green foliage and planters are incorporated into every space, with views of the turquoise waters of Biscayne Bay on full display.

We wanted Miami’s tropical spirit to come together with an Italian sense of style and elegance, and I believe we have achieved it through these great collaborations.

PROFILEmiami: What makes Bay Harbor Islands so unique?

Valerio: Bay Harbor Islands has been Miami’s best kept secret. It’s a quiet and charming neighborhood surrounded by some of South Florida’s finest shopping, beaches, and schools. The area is synonymous with an upscale, family-oriented lifestyle that appeals to buyers from across the country and around the world. You can be close to the ocean without having to deal with the traffic and hustle-and-bustle of Miami Beach.

PROFILEmiami: What types of buyers are purchasing residences at Onda?

Valerio: The vast majority – more than 80 percent – of our buyers are coming from across the U.S., particularly the northeast markets. We are seeing an uptick in demand from domestic buyers looking to relocate from major U.S. cities lured by South Florida’s quality of life, lower business and living expenses, and tax-friendly policies.

Our buyers are attracted the quality of our finishes and construction, our large residences, our private boutique model, our amenities – and overall, our unmatched waterfront lifestyle. Onda provides all the conveniences of luxury condo living on the Miami waterfront, but at less cost than a single-family house.

Our private marina and direct ocean access via the Haulover inlet is a huge selling point for buyers with boats.

Pura Vida Continues Expansion With Announcement Of Eighth Location In Bay Harbor Islands

Pura Vida has announced the highly-anticipated opening of its eighth all-day café and locals beloved wellness hotspot, opening this October in the vibrant coastal town of Bay Harbor. Since the brand’s inception in Miami Beach in 2012, Jennifer and Omer Horev, the husband/wife duo behind the prominent health-focused restaurant staple, have been steadily expanding the Pura Vida name, upholding a total of ten current locations, two of which are also slated to unveil before the end of this year. Bay Harbor marks the Horev’s next upcoming opening venture, poised to become the neighborhood’s go-to breakfast spot, bakery, and all-in-one coffee shop destination, for locals and visitors alike.

“We’re really looking forward to bringing Pura Vida to the Bay Harbor neighborhood. It’s the perfect place to extend our footprint here in Miami, in that it also gives us the gracious opportunity to serve its neighboring communities of Surfside, Sunny Isles, North Miami, and Keystone Point as well,” said Omer Horev, Chief Executive Officer and Founder of Pura Vida. “With the additions of our Aventura location, our newly expanded Edgewater location, and now Bay Harbor, all in 2021 alone, we’re constantly amazed and humbled at how well-received our brand has been, and continues to be, in the different communities we branch into. The Bay Harbor Islands neighborhood, home to a lively, family-oriented beach community, is the most idyllic area to immerse ourselves within.“

With a mission to promote a healthy lifestyle and anchor health and wellness-driven communities, Pura Vida has evolved into a hub for like minded individuals in each South Florida community in which the brand folds itself into. Pura Vida boasts a quality-drive menu catered to help kick-start one’s day, offering an array of fresh juices and superfood smoothies, canned kombucha, artisanal coffees, an extensive All-Day Breakfast Menu featuring a range of avocado toasts, free-range egg sandwiches, fresh bagels, wraps, and bowls, Raw organic Açaí Bowls, crisp and refreshing salads topped with wild ahi tuna, chicken, salmon, or vegan-lentil based adashah and a wide variety of gluten-free and vegan sweet treats. The new location’s menu will highlight a noteworthy selection of delicious freshly baked goods and mouthwatering breakfast sandwiches, made on in-house baked bagels and multigrain sourdough toast, perfect for a quick grab-and-go style breakfast or sit-down brunch with friends. Guests can also expect to see the brand’s signature menu favorites like the Mango Salmon, Spicy Tuna, and Vegan Lentil Bowls, as well as the Toasted Chicken Wrap and Jen’s Herb Salad. Recently introduced menu items include the SoBe Salmon Wrap, Fire Egg Bowl, and the Oatmeal Peanut Butter Energy Bites.

Quality food and first-rate service are uncompromising trademarks guests can look forward to at Pura Vida’s Bay Harbor outpost, situated on the vibrant palm-tree surrounded corner of Kane Concourse on Bay Harbor Islands. Located just walking-distance from Bal Harbor Shops and Surfside beach, the brand-new location inhabits 3,000 square feet of indoor and outdoor space. Familiar Pura Vida patrons will recognize their signature blue umbrellas, which will veil the new location’s outdoor patio area, offering a comfortable, breezy outdoor dining experience for up to 16 guests. The interior was designed to offer an authentic, harmonic ambiance that exudes a sense of casual comfort and minimalist urbanity. Natural tones and wooden finishes adorn the bright, airy space, which can fit up to 40 people, and will also feature the brand’s beloved custom scent, available for purchase in-store or online, in a candle or room spray version. Additional branded merchandise, home-made granola, and fresh-ground coffee products can also be purchased on-site or by visiting, puravidamiami.com/merch.

“We’re thrilled to tap into this exciting new market and have the opportunity to create something really unique and special for the Bay Harbor Islands area,” said Jennifer Horev, Chief Brand Officer of Pura Vida. “We want to offer a welcoming destination for locals in the neighborhood to have great, healthy and sustainable food for breakfast, brunch, and lunch.”

Pura Vida Bay Harbor is located at 1001 Kane Concourse Bay Harbor Islands, FL 33154. Hours of operation will be Monday - Sunday, 8AM - 4PM. Ample street parking is easily accessible. Delivery and pick-up are available through the Pura Vida Miami app.

Ian Bruce Eichner Launches Sales At 'La Baia' In Bay Harbor Islands

Visionary New York developer Ian Bruce Eichner, who developed the Continuum South Beach, has launched sales at La Baia in Bay Harbor Islands. The boutique bayfront condominium will feature its own private marina. A boutique, eight story structure, La Baia, Bay Harbor Islands will feature 68 luxurious residences with 20-boat slips and more than 30,000 SF of resort-style amenities. A private enclave on the Bay Harbor Islands, La Baia offers world-class waterfront living set against a backdrop of the beautiful Biscayne Bay and Miami’s ever-evolving tower-filled skyline. The project is slated for completion and delivery in November 2023.

“We are delighted to launch sales now - as Bay Harbor’s unique lifestyle is being discovered and in high demand by a new wave of buyers looking to relocate here,” said Eichner, the founder of The Continuum Company, LLC. “Just as Continuum paved the way for South of Fifth to reach its potential, so too will La Baia be transformative for Bay Harbor Islands.”

Eichner has assembled an award-winning team of design talent to bring La Baia, Bay Harbor Islands to life. La Baia is designed by Revuelta Architecture and the rooftop amenity deck and lush greenery was envisioned by world-renowned landscape architect Enzo Enea. Suffolk Construction, one of the nation’s most successful builders spanning over four decades, has been selected as the project’s general contractor.

“The same attributes I recognized in South of Fifth a decade ago draw many parallels to the Bay Harbor Islands today,” Eichner explains.

La Baia is located 9201 East Bay Harbor Drive on one of the last large-scale land parcels remaining on Bay Harbor Islands. Residences are priced from $810,000, sales are being exclusively handled by Pgutman LLC and headed by Phil Gutman.

Residences are sized from one- to four-bedrooms and range between 1,100 SF to 2,500 SF. Each La Baia, Bay Harbor Islands home will be delivered completely finished and ready to be designed, decorated and furnished. Every residence features well-appointed fixtures and finishes curated by New York-based Durukan Design. Ceiling heights range between nine- to 10- feet, there are spacious his-and-her walk-in closets, balconies with glass railings and a pair of secure underground parking spots for each owner.

In the kitchens, custom Italian cabinetry by Snaidero is complemented by Miele appliances, along with quartz stone countertops and Hansgrohe fixtures. Every La Baia, Bay Harbor Islands primary bathroom and powder room features marble flooring and dual rainfall showers.

“La Baia’s waterfront setting offers the optimum active and healthy Miami lifestyle. Now more than ever, families are taking pleasure in a wide range of outdoor activities and experiencing the joys of boating as never before,” said Phil Gutman, President of Pgutman LLC. "Our private marina is a fabulous amenity as is the ability to kayak, paddleboard or swim. It's the essence of a Florida lifestyle.”

The Bay Harbor Islands are private, yet accessible, with scenic walkways, charming neighborhoods and elegant dining and shopping along Kane Concourse that offer world-class sophistication. The Islands’ Broad Bay Harbor K-8 Center is ranked among the best schools in the region, while Miami International Airport is just a short drive away.

Image via We Are Visuals

For more information about La Baia, private showings or purchasing/ leasing information please fill out the form below:

The Dubai-Based DAMAC Properties Revealed As $120 Million Stalking Horse Bidder Of Site Of Collapsed Surfside Condo

The stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021 has been revealed as the Dubai-based DAMAC Properties, led by billionaire developer Hussain Sajwani. The developer agreed to a $120 million bid for the oceanfront property located at 8777 Collins Ave. via one of their US entities, East Oceanside Development, LLC. East Oceanside Development will be required to submit a $16 million deposit with $150,000 non-refundable and the developer will now begin two months of due diligence on the site. The Surfside land at 8777 Collins Avenue spans ±1.88 acres or ±81,886 square feet.

Once the initial bid is finalized by Honorable Judge Michael A. Hanzman other developers will be able to submit bids on the property to potentially push the price higher. Judge Hanzman has the final decision over which developer wins the bidding considering input from the lawyers overseeing the class-action negligence case with the final decision expected in the spring of 2022. Hanzman wants the sale to produce as much proceeds as possible in order to help compensate the families of the 98 people who lost their lives in the collapse and countless others who lost their homes. The victims and their families will also be the beneficiaries of a $49 million insurance payout.

Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg tabbed Avison Young, led by Michael T. Fay, to market the property in late-August. 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.

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