The New York-Based Fisher Brothers Acquire Wynwood Development Site For $17.59 Million
The New York City-based real estate development and investment firm Fisher Brothers has acquired a Wynwood development site for $17.59 million. The property is a 1.5 acre assemblage including the former Miami Rescue Mission located at 2201-2159 NW 1st Ct. and 2200-2250 NW 1st Ave.
The New York City-based real estate development and investment firm Fisher Brothers has acquired a Wynwood development site for $17.59 million. The property is a 1.5 acre assemblage including the former Miami Rescue Mission located at 2201-2159 NW 1st Ct. and 2200-2250 NW 1st Ave. There are four existing industrial buildings which span 43,440 SF. The seller was a partnership between RedSky Capital and JZ Capital Partners, who acquired the assemblage in 2016 for $22 million.
The RedSky Capital and JZ Capital partnership has been unloading their Wynwood portfolio including the sale of Wynwood Block for $24 million. RedSky Capital also recently sold Cube Wynwd to a development partnership between Tricera Capital and LNDMRK Development.
Fisher Brothers was founded in 1915 by Martin Fisher and was later joined by brothers Larry and Zachary Fisher. Today Fisher Brothers is led by Arnold, Kenneth, Steven and Winston Fisher. Fisher Brothers is a diversified, real estate firm active nationally and recently developed 111 Murray, a 60 story luxury condominium located in the heart of Tribeca; House39, a 372-unit luxury rental tower in Manhattan’s Murray Hill neighborhood; and Station House, a 378-unit luxury rental apartment project in Washington.
Lavish Coconut Grove Waterfront Estate Casa Bahia Designed by Filmmaker Alejandro Landes Sells For $45.91 Million
Casa Bahia, a hyper-luxurious tropical contemporary located at 3085 Munroe Drive designed by Zyscovich Architects in partnership with filmmaker Alejandro Landes, has sold for $45.91 million in an off-market transaction.
Casa Bahia, a hyper-luxurious tropical contemporary located at 3085 Munroe Drive designed by Zyscovich Architects in partnership with filmmaker Alejandro Landes, has sold for $45.91 million in an off-market transaction. The purchase was financed with a $25.3 million mortgage provided by First Republic Bank.
Casa Bahia spans 13,843 SF spread over 7 bedrooms, 8 full-bathrooms and 1 half-bath with interiors designed by Landes’ mother, Catalina Echavarria, of CES Studio. The estate also features a 2 bedroom guest house, theater, custom wine cellar, stunning floor-to-ceiling glass offering panoramic views of Biscayne Bay, rooftop deck, smart home technology, 8 car garage, 4 kitchens, 518' of waterfront with private dock and a 73-foot heated pool.
Casa Bahia first hit the market for $50 million in September 2016. The home won the Architizer Popular Choice A+ Award in the Architcture + Water category.
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Check Out This Residence At Four Seasons At The Surf Club Which Just Sold For $8.7 Million
A unit at Four Seasons at The Surf Club has sold for $8.7 million, a record $3,952 PSF for a non-penthouse unit. Residence #S705 sold is a 2 bedroom, 3.5 bathroom direct oceanfront residence which spans 2,201 SF. The residence was furnished with built-in shades, closets, travertine flooring and Richard Meier-designed kitchens by Boffi.
A unit at Four Seasons at The Surf Club has sold for $8.7 million, a record $3,952 PSF for a non-penthouse unit. Residence #S705 sold is a 2 bedroom, 3.5 bathroom direct oceanfront residence which spans 2,201 SF. The residence was furnished with built-in shades, closets, travertine flooring, Richard Meier-designed kitchens by Boffi, Sub Zero & Miele appliances, gas cooktop, millwork & cabinetry throughout designed by the famed interior designer. Joelle Oiknine with ONE Sotheby’s International Realty represented the sellers and Jackie Dickstein represented the buyer.
The Surf Club has been an integral part of the cultural history of Miami Beach since its inception as a private social club founded by Harvey Firestone in the 1930's. Located at 9001 Collins Ave, the redevelopment of The Surf Club was led by Nadim Ashi’s Fort Partners and broke ground in March 2014. Four Seasons at The Surf Club sits on 9-acres with 965’ of direct beachfront on the Atlantic Ocean. The building features a 77 room Four Seasons hotel and 150 private residences across 3 glass towers, 2 of which are residential and 1 hotel. The newly restored development also includes full five star amenities including oceanfront dinging, spa, gym, shopping, private and hotel pools and beautifully landscaped gardens.
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The Estate Companies Sells Soleste Twenty2 Multifamily In West Miami For $97 Million
The Estate Companies, a subsidiary of Estate Investments Group (EIG), has sold the Soleste Twenty2 multifamily apartment complex in West Miami for $97 million. Soleste Twenty2 is located at 2201 Ludlam Rd. and was developed by The Estate Companies in 2019.
The Estate Companies, a subsidiary of Estate Investments Group (EIG), has sold the Soleste Twenty2 multifamily apartment complex in West Miami for $97 million. Soleste Twenty2 is located at 2201 Ludlam Rd. and was developed by The Estate Companies in 2019. The buyer was the Dallas-based Westdale Real Estate Investment & Management Co. and the deal was overseen by Neyda Bravo and Luis Gonzalez of Bravo & Partners Realty. The stabilized multifamily property was 95% leased at the time of sale. Soleste Twenty2 rises 8 stories and features 338 units with amenities which include a rooftop lounge, pool deck with cabanas, sauna, fitness center, yoga room, jogging/walking trail, dog park, coworking space, game room and playground.
Step Inside This Lavish Tahiti Beach Estate Designed By Ramon Pacheco Which Just Sold For $28.9 Million
The ultra-luxe Ramon Pacheco-designed 4 Tahiti Beach Island Road has sold for $28.9 million, the highest price ever for the highly coveted, waterfront neighborhood of Tahiti Beach. The rare, lavish waterfront estate is located on the exclusive gated Tahiti Beach Island of Coral Gables, which is home to less than 30 estates.
The ultra-luxe Ramon Pacheco-designed 4 Tahiti Beach Island Road has sold for $28.9 million, the highest price ever for the highly coveted, waterfront neighborhood of Tahiti Beach. The rare, lavish waterfront estate is located on the exclusive gated Tahiti Beach Island of Coral Gables, which is home to less than 30 estates with neighbors including NBA star Ray Allen and baseball player Manny Machado. The property was listed with Chad Carroll with The Carroll Group at Compass and Constantin Gorges, also from Compass, represented the buyer.
4 Tahiti Beach Island Road sits on 1.42 acres of lush, stunningly landscaped land complete with a private, sandy beach. The massive Tuscan estate designed by Ramon Pacheco features 10 bedrooms and 10.5 bathrooms spread over 21,235 SF along with 2 kitchens, a gym, media room with theater seating, a spa complete with a sauna, wine cellar, breakfast area overlooking the private beach, multiple luxurious en-suite bedrooms, and enormous master suite with private balcony overlooking the beach and a master-bathroom finished with exotic stone and a soak-in tub.
The home features multiple living areas on a grand scale seamlessly spread throughout the inside and outside. Every inch is finished with the finest, meticulous detailing, stonework and furnishings throughout including custom lighting, iPad control for the lighting, air conditioning and TV's of the entire property. 4 Tahiti Beach Island Rd. offers expansive ocean views throughout the property and from many of the living areas. Outside features a large heated pool overlooking the ocean, a grand covered summer kitchen and large dining area, lounge seating and sandy private beach.
Images via The Carroll Group with Compass
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Tricera Capital And Alex Karakhanian's LNDMRK Development Acquire Cube Wynwd For $28 Million
Scott Sherman and Ben Mandell’s Tricera Capital in partnership with Alex Karakhanian’s LNDRMK Development have acquired the recently completed Class A office building Cube Wynwd for $28 million. The transaction was financed with 19.6 million in financing.
Scott Sherman and Ben Mandell’s Tricera Capital in partnership with Alex Karakhanian’s LNDRMK Development have acquired the recently completed Class A office building Cube Wynwd for $28 million. The transaction was financed with $19.6 million in financing split between a senior loan from Amerant and a mezzanine loan from Glacier Credit Strategies which were arranged by Scott Wadler of Berkadia. Cube Wynwd was developed in 2019 by Redsky Capital in partnership with JZ Capital Partners and was financed by Bank OZK and Lionheart Strategic Management.
The building is located at 222 NW 24th St. in Wynwood. Cube Wynwd was designed by Arquitectonica and rises eight stories and offering 100,000 square feet of commercial space. Coworking operator Spaces had leased roughly 30% of the property prior to the sale. The New York-based restaurant group Kissaki also recently signed a lease for the rooftop restaurant space. Other tenants include local retailer ILLIMIT and Bonci Pizzeria.
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Ironstate Development Closes On Wynwood Development Site For $15.6 Million
Ironstate Development has closed on the acquisition of a 1.29-acre development site in Miami’s trendy Wynwood neighborhood for $15.6 million. Miami Beach-based developer Lucky Shepherd had put the development site under contract prior to the pandemic but the contract was ultimately assigned.
Ironstate Development has closed on the acquisition of a 1.29-acre development site in Miami’s trendy Wynwood neighborhood for $15.6 million. Miami Beach-based developer Lucky Shepherd had put the development site under contract prior to the pandemic but the contract was ultimately assigned to Ironstate Development. Lucky Shepherd had planned to build an eco-friendly project with a 150-key hotel, and up to 48 private residences.
Real estate broker Andy Charry, with Metro 1, represented the seller, Art By God, Inc. Real estate brokers Mika Mattingly and Cecilia Estevez with Colliers International Florida’s Urban Core Division represented Lucky Shepherd.
“My client had a great property located on a great street, and it became even better because of the proposed Brightline station,” said Andy Charry.
The development site is currently home to Art By God, a 30-year-old business that has become one of the largest retailers of nature products, artifacts and wildlife items in the U.S., from a wide collection of fossils and bones, to an assortment of rough or polished rocks and minerals, and unique art and sculptures from all over the world. The 21,155-square-foot Art By God is located at 60 NE 27th St. The acquisition also includes the following addresses: 26 NE 27 St., 25 NE 26 St., and 61 NE 26 St.
“This is one of the last great sites in Wynwood,” Ms. Mattingly said. “This transaction is a prime example of a Covid-ravished deal that, at the end of the day, came back to life thanks to Miami’s tidal wave market.”
Ronny Finvarb Acquires Alton Road Site In Sunset Harbour For Luxury Boutique Hotel
Miami Beach developer Ronny Finvarb has closed on a site on Alton Road at the entry to the popular Sunset Harbour neighborhood where he plans a boutique hotel. Finvarb paid $4 million for the 10,200 square foot site which is located at 1790 Alton Road.
Miami Beach developer Ronny Finvarb has closed on a site on Alton Road at the entry to the popular Sunset Harbour neighborhood where he plans a boutique hotel. Finvarb paid $4 million for the 10,200 square foot site which is located at 1790 Alton Road. He plans a luxury boutique hotel with 36 units and a ground floor restaurant. The renderings were designed by GEK Architecture. Finvarb expects to submit an application to the City of Miami Beach soon and begin construction in 2022. The site is across the street from the Kimpton Palomar South Beach, which Finvarb recently developed.
Last Mile Investments Acquires Jupiter Retail Plaza From Elion Partners For $18.5 million
The Cincinnati-based Last Mile Investments have acquired the Pennock Square retail plaza in Jupiter for $18.5 million from the North Miami Beach-based Elion Partners, led by Shlomo Khoudari. Huntington National Bank financed the deal with a $12.95 million mortgage.
The Cincinnati-based Last Mile Investments have acquired the Pennock Square retail plaza in Jupiter for $18.5 million from the North Miami Beach-based Elion Partners, led by Shlomo Khoudari. Huntington National Bank financed the deal with a $12.95 million mortgage. The property was listed with Kirk Olson, Drew Kristol and Alex Zylberglait of Marcus & Millichap as well as Patrick Wagor of Atlantic Retail.
Pennock Square is located at 901 W Indiantown Rd. in Jupiter, FL and was developed in 1997. The property spans 43,485 square feet and sits on 4.16 acres. Tenants include Aspen Dental, Vitamin Shoppe, Club Champion, T-Mobile, Pizza Hut and Stanton Optical. The property last sold for $15.55 million in 2014.
Playboy Mansion Owner Daren Metropoulos Buys "Hurricane Proof" Oceanfront Estate In Miami Beach For $18 Million
A rare, “hurricane proof” Miami Beach oceanside estate with direct beach access has sold for $18 million to the owner of the Playboy Mansion, Daren Metropoulos. The home is located at 7815 Atlantic Way in Miami Beach’s Altos Del Mar beachfront community. Mark and Carolyn Keller were the sellers.
A rare, “hurricane proof” Miami Beach oceanside estate with direct beach access has sold for $18 million to the owner of the Playboy Mansion, Daren Metropoulos. The home is located at 7815 Atlantic Way in Miami Beach’s Altos Del Mar beachfront community. Mark and Carolyn Keller were the sellers. Oren Alexander of The Alexander Team at Douglas Elliman had the listing, which last asked $19.25 million, and Miltiadis Kastanis and James Hait of Douglas Elliman represented the buyer.
Daren Metropoulos is the son of American billionaire investor Dean Metropoulos and is a principal at investment firm Metropoulos & Co. Metropoulos & Co. has invested in over 80 companies such as Pabst Blue Ribbon Beer, Hostess, Perrier Jouët Champagne, Ghirardelli Chocolates, Bumble Bee Tuna, Chef Boyardee, Duncan Hines and others. The seller, Mark R Keller, is Chairman & CEO of Edge Funds, and his wife Carolyn Keller, Founder of EBeauty Community that specializes in assisting women undergoing cancer treatments.
7815 Atlantic Way is located on 16,000 SF of well-appointed oceanfront land, the modern beach house spans 8,500 SF spread over 5 bedrooms, 6 bathrooms and 1 half bath. The home offers the ultimate entertainers escape right on the ocean complete with two full kitchens, breakfast bar, a theater and a main entertainment area equipped with a full bar and sliding glass walls that open up to the outdoors. To top it off the home offers 3 built in wine cellars, 3 fireplaces and all floors throughout house, pool area, terraces, and balconies are covered in sandblasted marble.
Outdoors features a pool, jacuzzi with waterfall, a built-in sunken cabana with seating for 20 people with a fire pit, a covered dining area and and an outdoor kitchen. The estate also features gated direct beach access via a grass veranda and a guest house.
Due to the direct ocean exposure, the home was built to endure whatever the South Florida elements can throw at it. The home is built like a bunker with concrete and steel reinforcement across the entire property, able to withstand 257 mile winds and rain. The glazing and doors are “hurricane proof” as well by Windoor 8100 series, the highest rated hurricane doors manufactured. The 7 AC units feed air handlers are strategically located throughout house and if a hurricane was to pass through the property comes with Gas Kohler Generator 50KW to power the entire house.
Images via LPG for Douglas Elliman
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Bal Harbour Shops has unveiled its fully leased, 200,000-square-foot West Shops expansion, with 30 luxury boutiques and flagship stores and openings continuing through 2028.