Related Companies and Swire Properties Reveal One Brickell City Centre Supertall Office Tower

Related Companies and Swire Properties have revealed plans for One Brickell City Centre, a new supertall office tower which will be adjoined to Brickell City Centre. Construction is expected to start in 2023 and the tower will be the tallest commercial tower in Florida upon completion. One Brickell City Centre is designed by Arquitectonica and will offer 1.6 million SF of office space as well as the largest floor plates for a Class A office tower in Miami.

The tower will be located at 700 Brickell Avenue and 799 Brickell Plaza and will be connected to Brickell City Centre, which features over 500,000 SF of shopping, dining and entertainment and was developed by Swire Properties. The announcement signifies strength and growth in the Miami office market as the city continues to attract top technology and finance companies from high-tax states such as California and New York.

Other supertalls coming to Miami include Waldorf Astoria Hotel & Residences Miami which was recently issued the first vertical construction permit for a supertall in Florida. The tower is nearly sold-out and is being developed by PMG and Grey brook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT). Another is MAJOR, a Major Food Group-branded luxury condo tower at 888 Brickell Avenue being developed by JDS Development and Major Food Group and Related Companies has also been quite active in the Palm Beach office market.

New-To-Market Insurance Firm A-CAP Inks Lease at OKO Group's Class A-Plus Office Tower 830 Brickell

As financial, professional services, technology and other major corporate firms look to establish their presence in South Florida, A-CAP, a premier insurance and financial services company with over $6 billion in assets under management, will become the latest company to debut its new office at 830 Brickell in Miami’s Brickell Financial District. The 55-story, 640,000 square foot class A-plus office tower, which is currently under construction, is being developed in partnership by OKO Group and Cain International. Headquartered in New York with offices around the country, A-CAP signed a full floor, 20,000 square-foot lease for the building’s 35th floor.

A-CAP has become the latest financial services firm to lease space at 830 Brickell, joining private equity firm Thoma Bravo, CI Financial, aviation finance firm AerCap, and Marsh Insurance. 830 Brickell is already more than 60% leased ahead of its late-2022 completion and has attracted additional top-tier office users, including Microsoft, WeWork, and others. The tower’s leasing team is actively negotiating terms and entertaining interest from prospective tenants whose space requirements exceed the balance of the building’s remaining inventory.

“A-CAP’s decision to open a Miami office at 830 Brickell reaffirms the tower’s position as the premier location for financial firms and talent in the South Florida market,” said Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International. “830 Brickell’s growing roster of innovative tenants has shaped Brickell into one of the most desirable office submarkets in the United States and will serve as a magnet for other finance, investment, tech, and professional services firms looking to make the move here.”

“A-CAP is excited to open its new office at 830 Brickell. The building is an A-plus facility and is located at the heart of Miami’s Financial District. We look forward to calling 830 Brickell A-CAP's new home,” said Kenneth King, Chairman and CEO of A-CAP.

830 Brickell’s ownership was represented by Cushman & Wakefield’s Brian Gale, Ryan Holtzman and Andrew Trench. A-CAP was represented by Jennifer Goldstein of Douglas Elliman Real Estate.

“The new-to-market leasing activity we’re seeing for Brickell/Downtown Miami’s Class A market represents how a growing number of companies around the world are looking to establish or expand their footprint in South Florida, with 830 Brickell as the trophy address of choice. What's interesting about A-CAP's deal is that the firm expanded to a full floor after realizing more folks wanted to move to Miami, which we believe we’ll continue to see as Miami grows as a global gateway city. When you factor in tax savings, the quality of life benefits, and diversity of our talent pool, it’s no surprise why people and companies are relocating here,” said Ryan Holtzman of Cushman & Wakefield.

830 Brickell was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati.

The tower’s amenities will include a rooftop bar/lounge and restaurant – with menus developed alongside a three-Michelin-starred chef – showcasing expansive views of the City and Biscayne Bay, a world-class health and wellness center, conferencing facilities, an outdoor terrace, cafeìs and street-level retail. Multiple transit options are nearby, including Metrorail and Metromover, the Brightline, walking paths, cycling lanes and bay access points. Additionally, some of Miami’s top residential and lifestyle-driven neighborhoods are situated just minutes away, such as Miami’s Design District, Wynwood, Edgewater and Miami Beach.

Upping the Ante: Miami Developers Raise Their Amenity Game Ever Higher

Helipads, private chefs, 24/7 concierges and more, these are just some of the amenity offerings gracing the world’s most luxurious condominium towers. However, in burgeoning markets like Miami, developers are taking an elevated approach by offering bespoke lifestyle offerings that exceed the expectations of even the most demanding buyers.

“Amenities are one of the more important considerations for prospective homebuyers and have become even more abundant in today's market," says Jon Paul Perez, President of development powerhouse Related Group. “Take private theaters, for example. Not too long ago, that was an extra luxury that buyers were willing to pay a premium for. Now, these types of options are expected and seen as table stakes.”

Contrary to popular belief, having vast social media-worthy pools or fitness centers isn’t the answer. Buyers are increasingly opting for buildings where amenities – along with design and architecture – are tailored specifically to them. 

According to Perez, “These buyers are better informed and have more choices than ever before. They are looking for properties that are flexible and adaptable to their changing lifestyles and personal interests. That’s where brand partnerships have really helped us elevate our unique selling propositions.”

Branded residential concepts, like Related’s Baccarat Residences Miami, are setting the pace for a new wave of condominiums in the South Florida market. By partnering with well-known and respected lifestyle brands, developers can curate their projects to match the passions of buyers and differentiate themselves amidst an increasingly competitive marketplace. 

Simply using a brand name isn’t quite enough, however. “We invested considerable time and resources into designing the amenities spaces at Baccarat,” says Perez. “Baccarat is one of France’s most established crystal manufacturers, known for its prestigious crystal glassware and décor. Many of our buyers are loyal Baccarat aficionados and want to immerse themselves in the iconic brand full-time. As such, every amenity in the tower is hand-crafted to exude that unique Baccarat spirit.”

Following the tradition of service excellence set by its New York sister property, Baccarat Residences Miami will offer an around-the-clock concierge team, expertly managed by SH Hotels & Resorts, wholly dedicated to supporting and even anticipating the needs of every resident. Whether arranging personal appointments, coordinating travel and transit, or hosting an event at the Grand Salon, the aim is to keep residents at ease, at home or away. 

This painstaking attention to detail starts at the entrance level with luxurious lobby spaces showcased within an undulating glass façade featuring the dramatic stone portal and reception area, the café and flower shop, and the gallery with a curated museum-quality art collection. 

The property’s exclusive offerings continue at the elevated waterfront pool deck. Designed to evoke the Baccarat brand’s deep French roots, the expansive terrace features an infinity saltwater swimming pool and poolside cabanas commanding a breathtaking view of the sparkling turquoise waters of Biscayne Bay and the Miami River. This elevated outdoor experience also includes a poolside café and bar, as well as a romantic Orangerie, fountains and formal gardens. Residents will round up their day in the sun with a private marina, offering on-demand reservations and access to the residences’ private yacht for easy access to nearby riverfront restaurants.   

For health and wellness enthusiasts, the property’s state-of-the-art fitness center expands over a full level of the tower with the latest in cardio, strength training, yoga and meditation equipment curated by Anatomy. The on-site spa continues the dreamy experience, and showcases the resort-inspired lifestyle, with comprehensive spa facilities – including a hammam, steam room and sauna, treatment rooms and exclusive products from the prestigious beauty brand La Mer. There is also a full-service beauty salon and barber, as well as an on-site pet spa that ensures furry residents will be as pampered as their owners.

Baccarat Residences Miami’s luxurious offerings also boast a double-height Grand Salon with dramatic black Baccarat chandeliers, as well as the intimate tropical-styled Petite Salon, the elegant game room with billiards table, the private screening room with theatre-style seating, the wine cellar and tasting salon, and a private dining room with Chef’s kitchen. The idyllic children’s playroom is full of thoughtful details even featuring a carousel for the younger residents to enjoy. The on-site property offerings are complemented with the Beach Club membership to the 1 Hotel South Beach, SH Hotels & Resorts sister property. 

“Baccarat is all about the celebration of the beauty of light, and there is no better place to celebrate the light and beauty than Miami, a city that blazes in sunshine, and celebrates arts and culture,” says Barry Sternlicht, Chairman and CEO of Starwood Capital Group and Chairman of SH Hotels & Resorts, the parent company that operates all Baccarat Hotels.

“While it certainly requires significantly more time and attention, we have seen that focusing on amenities makes all the difference,” adds Perez. “We are already more than 75% sold at Baccarat Residences Miami and are continuing to see robust demand. Amenities are here to stay and will continue to evolve and grow more complex, but that will only result in even better, more ambitious developments. It’s exciting!” 

 For more information about the property, please visit: www.BaccaratResidencesMiami.com

PMG Partners With Prop-Tech Company Sentral To Develop Dual-Tower Multifamily In Brickell

National investment, development, and asset management firm PMG, and Sentral, the rapidly expanding prop-tech company creating the world’s largest flexible living community, have announced a partnership to develop a two-phase, 803-unit multifamily community with more than 15,000 square feet of retail space in the heart of Miami’s Brickell neighborhood. The acquisition of the site at 130 SW 8th St. will mark Sentral and PMG’s first partnership, as well as Sentral’s first purpose-built development as part of the brand’s national expansion. Phase one includes a 46-story tower with 570 units and will break ground in late 2022, with completion slated in late 2024. Phase two will include a 31-story tower with 233 units.

“At PMG, we pride ourselves on being at the forefront of innovative multifamily development, so our vision for this property naturally aligned with Sentral’s unique model of flexible living. We are confident this development will be a great addition to the neighborhood by providing a range of high-quality residences and short-term accommodations,” said Ryan Shear, Managing Partner at PMG. “As Miami’s financial district, Brickell is one of the city’s most desirable destinations and one in which we’ve had success developing previously. We are excited to partner with Sentral to bring a fresh perspective on residential living to the area and offer future residents a walkable environment in the center of it all.”

Designed by acclaimed Sieger Suarez Architects, in collaboration with the team at Sentral, the property will include an expansive lobby lounge with concierge, state-of-the-art fitness center, multiple co-working spaces, pool decks on both the 13th and 31st floors, more than 15,000 square feet of retail space and a parking garage. The property will be managed by Sentral and will offer their distinctive style of residential living for any length of stay.

“With the success of our Sentral Wynwood community, we wanted to expand our Miami footprint and bring the Sentral brand to the vibrant Brickell neighborhood,” said Jon Slavet, Chief Executive Officer at Sentral. “We’re excited to partner with PMG on this project, as they are one of the nation’s top developers and have a deep understanding of and affinity for the South Florida market. We look forward to collaborating with PMG on this new development and to expanding our innovative, flexible living concept to the Brickell neighborhood.”

Saul Ewing Arnstein & Lehr attorneys Luis Flores and Sophia Rub represented the venture in closing the acquisition of the property.

“This transaction speaks to the strength of the PMG-Sentral partnership in acquiring prime real estate in one of the most sought-after housing markets in the U.S.,” said Luis Flores, who previously represented PMG in acquiring a Brickell site now home to Echo Brickell. “The development of this project will help address the growing demand for housing in the Brickell area, which is seeing an unprecedented influx of companies and residents relocating from all over the world.”

PMG and Sentral are aligned in leading the next generation of multifamily development to cater to the current and future standards of flexible living. Both companies are quickly expanding their portfolios nationally with the goal of redefining community-centric living with expertly designed residences, lavish amenities and activated shared spaces. For more information, please visit propertymg.com and sentral.com.

First Look Inside MAJOR, Major Food Group and JDS Development's Residential And Hospitality Supertall Tower Coming To Brickell

Major Food Group (MFG) and JDS Development Group (JDS) have revealed the first images of MAJOR, the highly anticipated 90-story residential and hospitality tower, located at 888 Brickell Avenue. MAJOR will feature 259 custom residences conceived as fully hybrid layouts. Each Major Residence is designed to enable the seamless conversions into Major rooms and suites for guests while offering the most robust collection of food and beverage amenities and hospitality of any building in Miami.

A unified vision of four industry titans, Major Food Group, JDS Development, Studio Sofield, and Ken Fulk, MAJOR ushers in an unprecedented chapter of lifestyle-driven hospitality and exceptional residential design for Miami. The first ground-up, hybrid hotel and luxury condominium project from MFG, MAJOR is led by creative forces and Co-Founders Mario Carbone, Jeff Zalaznick, and Rich Torrisi, the team behind some of America’s most celebrated restaurants. The group is partnering with JDS Development Group, led by Chief Executive and Founder Michael Stern, the powerhouse developer and builder responsible for some of the most dynamic new skyscrapers in New York City and Miami.

Rising high above the recent renaissance of development in Brickell, the striking and bold MAJOR will soar to an impressive 1,049 feet tall—marking a new record height for Miami. The tower, designed by William Sofield, features an elegant and restrained façade of ivory travertine and high-gloss steel columns to express enduring weight and substance while giving a defined graphic, vertical appearance, setting it far apart from its glass and stucco neighbors. The notable crown is wrapped with a filigree of gold spheres and punctuated by extraordinary sculptures in the manner of Italian Futurism on each corner.

“MAJOR is remarkable,” stated Michael Stern, Founder & CEO of JDS Development Group. “This is the tallest, the most brilliantly designed, the best-in-class hospitality experience, with the best club, in the best city in the world.”

In a grand architectural gesture of artistry and craft, the porte cochere welcomes with an exuberant Gatsby-level energy and delight. Just off the corner of Brickell Avenue and 10th Street, residents and guests will arrive into a world trimmed in gold leaf and clad in monolithic slabs of travertine, paired with exquisite MFG hospitality and white glove service. Overhead, a grand gold-beaded screen emits a deep, warm glow—a signature beacon for the building. The tower celebrates the optimism of creativity and culture and elevates the inclusive spirit of Miami.

Each of the furnished residences in the condo-hotel, ranging from 1-to 4 bedrooms, is designed with custom furniture by Studio Sofield. The plans enable Major residences to seamlessly transform into rooms and suites for guests. Conceived as fully hybrid layouts, each Major Residence utilizes a “lockout” function, which allows for simple conversions between a private residence, suite, and/or guest room. In addition to this elegant solution for flexible living spaces, the excitement builds in the details and art, reflecting the mood of the city, the light, and the climate. With sophisticated internationalism and fantasy in mind, spaces such as the deep private terraces acknowledge shadow and shade, and still echo the expansive views of water and sky through the reflective sparkle of materials.

“With MAJOR, we honor the cultural heritage of this magnificent city, from the seductive to the sublime,” says tower designer William Sofield of Studio Sofield. “I am creating a tower that identifies with the hope and aspiration of those who live here, distinguished for quality craftmanship, contributing to the beauty of the skyline. I want to celebrate this sexy City with an indulgent swim in the only silver and gold pool in Miami.”

In signature MFG style, the project will offer impeccable service and unapologetically comfortable amenities as part of its creed to Live Major. With Studio Sofield and Fulk, Major Food Group and JDS Development conceived, designed, and programmed every inch of the 115,000 square feet of amenities throughout the property. The Food & Beverage program will include signature MFG brands and hospitality spaces and entirely new concepts exclusive to Major and feature the design of Ken Fulk. Spread over eight floors, Major will also feature amenities focused on entertaining, sports, leisure, wellness and fitness.

“The idea is to just show up, and everything is taken care of,” explains Jeff Zalaznick, MFG Co-Founder. “From the moment you wake up to the moment you go to sleep, every whim and desire is anticipated.”

MAJOR Residents will automatically become founding members of the exclusive Club onsite. The Club includes the elegantly designed Pool deck, an 80’ multi-level, terrazzo-clad sun deck and oasis, with private cabanas and poolside service through a signature Major Food Group restaurant.

Major marks a milestone in the evolution of Major Food Group, which currently operates a global portfolio of over thirty restaurants, hotels, and private clubs. MFG established roots in South Florida in 2021 with several smash successes: CARBONE and HaSalon in the South of Fifth neighborhood, Sadelle’s in Coconut Grove, the private membership venue ZZ’s Club in the Miami Design District, and the recently-opened Dirty French Steakhouse in Brickell. MFG will launch a range of additional projects in the region in the coming year, including several outposts of the brunch institution Sadelle’s. MFG will oversee all branding and hospitality programming at Major and operate the hotel.

Fulk, a longtime MFG collaborator, will be responsible for the food, beverage, and hospitality spaces at Major. Fulk has designed such atmospheric spaces as Carbone and ZZ’s Club in Miami and the new Crown Club at Brooklyn’s Barclays Center, among other exceptional experiences for the swiftly expanding MFG brand family.

MFG’s sophistication and reputation for unparalleled food and beverage experiences combined with JDS’s track record for confident, monumental design of quality and craftsmanship, sets the stage for a project of perfectly-dialed maximalism. This is JDS Development Group’s fifth supertall skyscraper and a third project in the Brickell neighborhood. Composed of a team of innovators and builders, JDS is no stranger to large-scale urban development and constantly pushes the boundaries of design, gracing the new skyline as often as they add to the fabric of the city. JDS also co-developed the record-breaking Echo Brickell condominium project and recently broke ground on the large-scale mixed-use 1 Southside Park in Brickell.

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

St. Regis Residences, Miami Launches Sales At Second Tower Amid Strong Sales At East Tower

A partnership between Related Group and Integra Investments have launched sales at the second tower at The St. Regis Residences, Miami, an uncompromising new condominium set to redefine Miami’s skyline in Brickell. The launch of the western located William Tower comes amid strong sales and buyer response at the eastern Astor Tower which launched earlier this year. Residences in the William Tower are priced from $2.8 for a 2,300 SF two bedroom residence.

The two-tower property is set at the pinnacle of design, combining the talents of Robert A.M Stern Architects (RAMSA) and Rockwell Group spearheading architecture and interiors, respectively. The 354 bespoke residences set across both towers will offer an equally sophisticated experience. The project has a sell-out expected to exceed $2 billion.

Located at 1809 Brickell Avenue, the residential development will offer an everyday hotel-inspired living experience, complete with historic five-star service. Owners will enjoy lifestyle offerings worthy of the legendary St. Regis name, offering over 55,000 sf amenity areas – from an indoor lap pool to the iconic St. Regis Tea Room – as well as the brand’s signature Butler service and curated assortment of iconic rituals. Never-ending views of Biscayne Bay’s turquoise waters, rounds out the picture-perfect package.

St. Regis Hotels & Resorts has set the standard for glamour and sophistication for more than a century. The original St. Regis New York City property, which opened in 1904, has long been a destination among the world’s elite, including cultural icons such as Andy Warhol, Salvador Dalí and Marilyn Monroe. With its new Miami entry, St. Regis continues its legacy of being at the bleeding-edge of luxury and culture.

The sales gallery for The St. Regis Residences, Miami is expected to open early next year. Sales and marketing are being overseen by ONE Sotheby’s International Realty.

For more information about The St. Regis Residences, Miami,, private showings or purchasing/ leasing information please fill out the form below:

Major Food Group Opens Dirty French Steakhouse In Brickell

Major Food Group (MFG), the globally acclaimed hospitality brand that has taken Miami’s restaurant scene by storm, has opened its first-ever project in Brickell, Dirty French Steakhouse, a glamorous, energetic, and extraordinary interpretation of the classic steakhouse. Located at 1200 Brickell Avenue, the restaurant welcomes guests beginning April 29th and is poised to become one of the most celebrated and sought-after steakhouses in America.

“After making this paradise home, we realized that there was a tremendous opportunity to bring a sensational steakhouse to Brickell in true MFG fashion—a sophisticated, contemporary, high-energy culinary blockbuster fit for the most exciting city in the world today. It simply does not get any more major than Dirty French Steakhouse, which is the beginning of a series of big projects in the neighborhood,” said Jeff Zalaznick, MFG Co-Owner.

This new steakhouse from MFG Co-Founders Jeff Zalaznick, Mario Carbone, and Rich Torrisi breathes new life into the storied genre while remaining true to its history. The expertly conceived menu combines the finest meat and fish, sourced from the world’s most esteemed purveyors, with French influences and an irresistible flair for bold flavors. Dirty French Steakhouse offers everything one would expect to find at a steakhouse of the highest caliber—abundant raw bar selections, elegant seafood entrées, indulgent aged steaks, and an array of amazing sides—all executed to perfection, with a dose of Dirty French style that makes them more satisfying and seductive than ever. Complementing these steakhouse essentials are thrilling takes on classic French preparations, including a Dover Sole Meunière to share served tableside, the best Duck à l’Orange in the country, and a stunning Soufflé program. Dirty French Steakhouse is the culmination of MFG’s decade-long search for the very best ingredients and reflects the mastery honed during that journey, which includes the opening of their American chophouse The Grill in New York City, now widely considered an icon.

But this Dirty French Steakhouse concept and its 80s-era swagger could only exist in Miami. The opulent, playfully irreverent, and entirely transportive space consists of numerous dining rooms, each boasting its own dazzling aesthetic. Masterfully brought to life by longtime MFG collaborator Ken Fulk for maximum lavishness, the atmosphere nods to the neon glitz of the Magic City as well as the sumptuous elegance of legendary institutions like Maxim’s of Paris.

“Dirty French feels instantly iconic. We took inspiration from legendary hot spots across the globe—El Morocco, Indochine, Maxim’s Paris—using elements from these fabled nightclubs like animal prints, jungle patterns, mashrabiya screens, silk lanterns. The result is an utterly intoxicating atmosphere,” said designer Ken Fulk, Founder of Ken Fulk, Inc.

Throughout the experience, guests can expect polished hospitality from charismatic service captains dressed in custom-designed pink tuxedos, a range of celebratory dishes prepared tableside, and an intoxicating spirit of sophisticated decadence. Worth a visit alone is Dirty French’s 700-plus-bottle wine list, which took several years to build and is as remarkable as any in the United States.

MFG now operates a portfolio of over 30 restaurants, bars, private clubs, and hotels spread across the globe. At the beginning of 2021, the company embarked on a groundbreaking run of restaurant openings in South Florida, including CARBONE and HaSalon on Miami Beach, ZZ’s Club in the Miami Design District, and Sadelle’s in Coconut Grove. Among the company’s many forthcoming projects is MAJOR., a residential tower just down the road from Dirty French steakhouse at 888 Brickell Avenue. Upon completion, the development will be the tallest building of its kind in Miami.

Images via Image via Kris Tamburello Studios and Major Food Group

Aon Insurance Company Relocates to New 20K SF Space in Brickell

Cushman & Wakefield has announced that the commercial real estate services firm has arranged a new long-term office lease of approximately 20,000 square feet at 701 Brickell for Aon Insurance Company. The company will occupy the 32nd floor of the office building, which is located in Miami's Brickell financial and tech neighborhood. Aon is relocating from a building where their name was on top, located at 1001 Brickell Bay Dr.

Cushman & Wakefield’s Brian Gale, Andrew Trench and Ryan Holtzman represented the landlord, Nuveen Real Estate, in the lease negotiations and CBRE’s Scott Goldstein and Keith Edelman represented the tenant.

“701 Brickell has added another household named tenant to one of the most prestigious tenant rosters in Miami,” said Gale, Vice Chairman at Cushman & Wakefield. “With this latest lease by Aon Insurance Company, 701 Brickell has signed five new leases totaling 60,000 sf in the past 12 months, including Apollo, Point72, Manhattan Life and Moore Capital. The trophy asset also contains other notable tenants like Holland and Knight, Facebook, Bank of America, Kaseya, AIG, EFG Capital and Alliance Bernstein.”

The 701 Brickell office building spans 33 stories and is situated on Brickell Ave. and Biscayne Bay. The LEED Gold Certified and Energy Star labeled building features efficient floorplans with unbeatable bay views, a conference facility, tenant only fitness center, covered parking accessible from Brickell Ave. or SW 8th St. and various on-site retail establishments. 701 Brickell is also at the center of Miami’s business community and located near 31 distinct transit routes.

“As the largest owner of Class A office on Brickell Ave., we have seen unprecedented tenant demand over the last 24 months. We couldn’t be more pleased to welcome Aon to 701 Brickell on our 32nd Floor with expansive views at a time when our substantial building lobby and amenity renovations are completing as well. We look forward to including them in our impressive tenant roster for years to come,” added Charles Russo, Nuveen Real Estate’s Southeast Regional Head for Office and Life Sciences.

Article by Katya Demina

Florida East Coast Realty Sells Brickell Waterfront Development Site For Record $363 Million In Mega-Deal

Florida East Coast Realty has sold a 2.5 acre prime waterfront development site in Miami’s Brickell Financial District in a mega-deal for a record $363 million. The transaction breaks the previous record set when the former 14-acre Miami Herald site in Downtown Miami sold for $236 million to Genting Group. The buyer, an entity managed by the Chicago-based Randall Davis, paid roughly $145 million per acre, $3,340 PSF dirt value, for the site which is located at 1201 Brickell Bay Drive. Florida East Coast Realty, which is led by Tibor Hollo and family, acquired the site in 2000 for $15.5 million and revealed plans for a 1,049-foot, 660 unit supertall tower designed by Pritzker Prize-winning architect Norman Foster of Foster + Partners.

Mast Capital And Cipriani Host Lavish Riverfront Launch Soirée For Cipriani Residences Miami

On April 5th, Mast Capital and Cipriani joined together to host a launch soirée for Cipriani Residences Miami, a new ultra-luxury condominium in Miami’s Brickell neighborhood. The event was held at Cipriani Downtown, capturing the essence of the brand recognized for its distinguished style, world-class service and four generations of history and tradition. During the event, the visionaries behind the development, Camilo Miguel, Jr., the CEO of Mast Capital, Bernardo Fort-Brescia, the founding principal of Arquitectonica, and Giuseppe Cipriani, CEO of Cipriani, addressed the crowd.

Designed by award-winning firm Arquitectonica, Cipriani Residences Miami will deliver an unprecedented residential lifestyle withone- to four-bedroom residences, priced from $1.1 million. The tower will rise 80 stories on Miami’s rapidly growing skyline, offering panoramic views of the city, Biscayne Bay and Simpson Park. Among the most intriguing components of Cipriani Residences Miami will be the resident-only dining experiences, where residents will have exclusive access to dining services by Cipriani. The development will also feature a wide array of hotel-like amenities and services, including an elevated resort-style deck with two swimming pools, cabanas and a sun terrace, as well as towel and poolside food and beverage services.

Cipriani Residences Miami is located at 1420 South Miami Avenue. The building is expected to complete at the end of 2025.

Images via World Red Eye