Temakase Sushi Bar From NYC's East Village To Open In South Florida At Atlantic Village In Hallandale Beach

The popular Japanese handroll sushi bar which made waves with its first location in New York’s trendy East Village will open their first brick-and-mortar location in South Florida after hosting a successful pop-up experience at the Sagamore Hotel in Miami Beach. Temakase will join the dynamic roster of restaurant tenants at the mixed-use Hallandale Beach lifestyle plaza, Atlantic Village. Atlantic Village is being developed by the Mexico City-based Group Eco. Temakase is part of Atlantic Village’s third phase, set for completion by the end of 2021.

“We are thrilled to welcome Temakase to the compelling retail and restaurant mix at Atlantic Village,” Grupo Eco Real Estate Developer Daniel Chaberman said. “Our goal was to bring unique and fun restaurant and retail options to the area, and we are excited to see it all coming together.”

Founded by restauranters Anthony Shnayderman and Liron Michaeli, Temakase offers an authentic omakase experience with a more affordable price tag. Omakase is a Japanese term that roughly translates to “I’ll leave it up to you,” meaning the chef curates the menu with a variety of handroll tasting options. In addition to the chef’s choice menus, customers also have the option of choosing from an à la carte menu.

“Temakase offers the experience of getting to sit in front of a chef who will custom create a meal for you using the freshest ingredients,” Shnayderman said. “After seeing how well our concept was received at the Sagamore, we wanted a permanent South Florida location and Atlantic Village checked all the boxes.”

Located at 601, 701 and 801 N. Federal Hwy., Atlantic Village is bringing a wide variety of restaurants to its diverse retail lineup that also includes service-oriented retail, entertainment, office and medical tenants.

The first phase is fully opened and features many food-and-beverage tenants including: Crudos Fusion Art, Doggi’s Arepa Bar, Dr. Limon Ceviche Bar, Juice Mafia and The Blues Burgers. Phase two restaurant tenants include Holi Vegan Kitchen, Crema Gourmet, Gelato-Go, Jaffa Israel Kitchen and Wine Bar and La Piazzetta.

Melo Group's Downtown 5th, The Largest Multifamily Project Ever Built in Downtown Miami's CBD, Now 100% Leased

Melo Group has completed Downtown 5th, the single largest multifamily project built in Downtown Miami’s Central Business District. The twin 52-story tower development, located at 55 & 25 NE 5th Street, comprises 1,042 rental apartments and approximately 12,500 SF of ground floor retail space. With both towers now open for tenant move-ins, Downtown 5th has delivered with 100% of its apartments already leased, a clear sign of the continued demand for market-rate housing in Downtown Miami. Approximately 25% of leases at Downtown 5th are being signed by out-of-state renters moving to Miami. The two-tower development broke ground in late 2019 and was completed in a record of 18 months.

Now open for occupancy, Downtown 5th apartments include one-, two- and three-bedroom units measuring between 650 and 1,200 SF in size. Monthly rental rates range from approximately $1,700 to $4,000.

“We continue to invest in areas where we see demand for high-quality rental product fueled by population and employment growth,” said developer Carlos Melo, Principal of the Melo Group. “We completely pre-leased Downtown 5th’s East Tower before even opening our doors, while the West Tower leased up shortly after, which points to the clear need for the communities we are building.”

Downtown 5th’s completion comes as Downtown Miami emerges as an economic engine and global destination luring businesses, finance firms and tech companies from across the country. Greater Downtown Miami is now home to approximately 115,000 residents, up more than 70% since 2010, and welcomes 250,000 visitors and workers daily, according to Miami Downtown Development Authority research. Downtown Miami is also an economic engine for our state and region, providing annual economic output valued at more than $38 billion.

“As corporations, finance firms and tech companies continue to look to relocate or expand to Downtown Miami, the city is evolving into a global destination for business and lifestyle,” said Martin Melo, Principal of the Melo Group. “We’re seeing people moving here from major cities across the country. At Downtown 5th, about 25 percent of our tenants are coming from out-of-state, with many relocating from cities in the northeast and California.”

Downtown 5th marks Melo Group’s first completed residential development in Downtown Miami’s Central Business District, where the firm plans to deliver a total of nearly 2,500 units over the next two years. The firm recently broke ground on Downtown 1st, a 57-story tower with 560 market-rate rental apartments, 10,000 SF of office space, and 3,000 SF of ground-floor retail space; and is planning a third tower in the area, Downtown 6th, which will encompass up to 800 rental units.

Melo Group’s focus on the Central Business District comes on the heels of the transformation of Downtown’s once-vacant Arts & Entertainment District into a thriving pedestrian-friendly community with thousands of new residents, retail and restaurant options, and access to free public transportation. In a span of just four years, the firm delivered a total of 2,300 residential units to the neighborhood across four newly built multifamily developments clustered around the Miami-Dade Metromover Schoolboard Station and connected by an indoor/outdoor promenade with ground-floor retail and restaurants.

Apartments at Downtown 5th feature expansive balconies with bay and city views, floor-to-ceiling sliding doors, energy-efficient tinted glass, European-style kitchen and bathroom cabinetry, granite countertops, double door refrigerators, stainless steel appliances, spacious living and dining rooms, imported ceramic tile and laminated wood flooring, and full-size in-unit washer and dryer machines.

Building amenities include two swimming pools, spa, a state-of-the-art fitness center, a social lounge, kids game room, children’s playroom, a café, and a conference room with private workspaces.

Melo Group has been one of the leading developers behind Downtown Miami’s real estate resurgence with a portfolio of more than 6,000 total condominium and rental units completed throughout the Greater Downtown Miami area and another 2,500 units currently in development.

Miami-Based Private Equity Group Galium Capital Continues To Expand Houston Portfolio with Acquisition of Millennium High Street

Galium Capital, LLC, a Miami-based private equity group, has announced the acquisition of Millennium High Street in Houston, TX. Millennium High Street is a LEED Gold-certified, 340-unit institutional-grade multifamily apartment building in Galleria District of Houston. The transaction closed on August 20, 2021.

Galium Capital had been one of the most active buyers in the Houston market. In the past 12 months Galium Capital has acquired over 1,100 units and 65K of retail square footage in prime locations throughout the Galleria submarket.

“Millennium High Street is a trophy asset located in one of the best entertainment districts of Houston, we are excited to expand our presence in the Houston market with a truly irreplaceable asset,” said Jacques Bessoudo, Managing Partner of Galium Capital.

Millennium High Street is a luxury apartment community which was developed in 2014 and is located at 4410 Westheimer Rd., Houston, TX 77027. The property features 340 apartment units as well as 26,000 square feet of prime retail and features state-of-the-art amenities on 6.25 acres of land. The building is LEED Gold-certified as an energy efficient building. Residences feature gas ranges and chef’s kitchens, 12’ to 14’ high ceilings, and superior finishes. Residents will have access to amenities such as a resort style pool, fitness center, a modern clubhouse and a rooftop lounge with panoramic city views.

Galium Capital plans to add value by renovating the common areas and residences as well as by improving the operation and management of the property. Upon acquisition the property will be operated by Greystar, the largest multifamily operator in the United States with over 660,000 units under management.

“We have had our eyes on the Houston multifamily markets for some time and are proud to be acquiring yet another top-quality property within the city core. Millennium High Street allows us the opportunity to expand our presence in the market and continue our strategy of wealth-preservation & value creation with one of kind real estate assets” said Jonathan Slomianski, Director of Acquisitions of Galium Capital.

JLL represented seller and also secured debt from PCCP. The seller was Dinerstein Companies who developed the building in 2014. Adam Weiss from Solomon Cooperman and Recondo LLP was buyers counsel.

Galium Capital, owns and manages a portfolio in excess of $600 million of commercial real estate assets across the multifamily, office, and retail sectors in major markets across the United States. Millennium High Street is Galium Capital’s third acquisition in the Galleria-district of Houston, TX after the group closed on the 431-unit Tate Tanglewood in May 2021 and 361-unit, Fairmont on San Felipe in September 2020.

Galium Capital is a Miami-based private equity group that invests in and manages over $600 million of commercial property in major markets across the United States. Galium Capital’s portfolio comprises of multifamily, office, and retail assets across various major national markets. Galium Capital is led by Jacques Bessoudo and Iser Rabinovitz.

This article was produced in partnership with Galium Capital

PMG and Greybrook Lock Down $142.3 Million Construction Loan for Society Wynwood

National investment, development, and asset management firm PMG, alongside partner Greybrook Realty Partners, has secured a $142.3 million construction loan for the 10-story Society Wynwood mixed-use project located at 2431 NW 2nd Ave. in Miami’s Wynwood Arts District. The loan will provide financing for the development of the project, which commenced construction earlier this year.

Financing was provided by Pacific Western Bank and Square Mile Capital. In its second recent multifamily project with both lenders and sixth overall transaction with the duo, PMG was represented internally by Andrew Warman, Lowell Plotkin and Jonathan Blank.

“We are thrilled to expand our relationship with these top lenders beside our partners at Greybrook to create a premier living and entertainment destination on the most prominent block in Wynwood,” said Ryan Shear, Managing Partner at PMG. “Miami and the Wynwood market are close to our hearts as a team of passionate locals. With the incredible success we’ve experienced at Society Las Olas in Fort Lauderdale, and Society Biscayne slated to open in early 2022 in Downtown Miami, Society Wynwood will be the third social apartment community in South Florida under our rapidly expanding Society Living national brand. Society Wynwood will provide a community-driven living experience and attainably-priced housing that reflects the vibrant energy and positivity of the surrounding neighborhood.”

Slated for completion in Spring 2023, Society Wynwood will include 318 rental apartments and 50,210 SF of commercial space between the ground floor and rooftop. Scott Sherman’s Tricera Capital has a deal to acquire the commercial spaces upon completion of the project.

The development will offer a blend of traditional units with efficient layouts and “Rent-by-Bedroom” (co-living) options. Amenities will include a massive pool deck, co-working lab, modern gym and fitness studio, entertainment lounges, yoga lawn, craft food and beverage operations, smart package lockers, app-based keys, integrated retail space and more.

“Securing this construction loan for Society Wynwood further proves the strength of the Society Living portfolio and the appeal of social apartment communities,” Sami Mouaket, Director, U.S. Investments & Development at Greybrook Realty Partners. “Society Wynwood’s turnkey rental options, premium amenities and curated event programming deliver an attractive investment opportunity for investors and will provide outstanding quality of life for future residents.”

Launched in 2019, the national Society Living multifamily brand was created to address insatiable demand for reasonably priced rental communities close to urban centers, where modern neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that foster personal growth within a culture of inclusivity and unity.

Existing Society Living developments include Society Las Olas in Downtown Fort Lauderdale, Florida, which opened in May 2020; Society Biscayne in Downtown Miami, slated to open in Q1 2022; Society Orlando, under construction in Downtown Orlando; and Society Denver, which was announced last month. Over 8,500 units are planned nationally including additional developments in Atlanta, Brooklyn and Nashville.

Legacy Hotel and Residences, America's First 'Covid-Conscious' Mixed-Use Tower Breaks Ground In Downtown Miami

Dan Kodsi of RPC (Royal Palm Companies) has announced the groundbreaking of Downtown Miami’s most anticipated mixed-use luxury development, Legacy Hotel & Residences coming to one of the U.S.’s most ambitious and largest private master-planned communities, Miami Worldcenter (MWC). The Kobi Karp-designed neo-futurism-inspired tower sitting on 1.3 acres, 60,000 SF, will feature 310 sold-out branded residences sitting atop a 219-room hotel, which will be managed and operated by Accor under The Morgan’s Originals Portfolio.

RPC and OneWorld Properties, led by Peggy Olin announced a $160 million sellout of its 310 residences in May, just 12 months after launching sales.

Adventist Health and Blue Zones, the organization that became famous for identifying places in the world where people live longer/healthier life spans, signed a joint venture (Blue Legacy Ventures - JV) to operate Legacy’s $100 million, 10-floor medical and well-being center in Miami, making Downtown Miami home to the world’s first Blue Zones Center. The JV is one of the largest commercial leases to be executed in Downtown Miami’s history. The joint venture is the first step in turning Miami into the next Blue Zone city.

The partnership is one of the largest commercial leases to be executed in Downtown Miami’s history. The $100 million center will occupy 10 floors and 120,000 SF within Legacy Hotel & Residences and is expected to become the most technology advanced health and well-being facility in the world, according to Adventist Health.

The groundbreaking will bring to life a first-of-its-kind ‘Covid-conscious’ development as RPC looks to expand The Center’s medical-grade features into the entire tower with air-filtration systems and touchless sanitation features such as voice-activated elevators, touchless room key access, apps that can call medical staff and UV sterilization wands for common room items. All aspects of the 50-floor tower, from the hotel rooms and residences to the five restaurants, to the design and programming, will follow Blue Zones methods and guidelines to living long and happy lives.

The center will offer teams of physicians and practitioners, an onsite lab, pharmacy, full AI-powered diagnostic center and rooms outfitted with medical gas and ventilator capabilities – this would allow the hotel to remain operational during future pandemics, ultimately becoming a refuge for travelers, owners and members, as well as a resource for the Miami community.

The luxury skyscraper will also host ground-floor retail, downtown’s largest pool deck set on one acre, the city’s first enclosed seven-floor rooftop atrium with a restaurant bar and lounge, the city’s first Singapore-inspired cantilevered pool soaring 500 feet in the sky, and a members-only international business lounge.

Legacy’s MICROLUXE® residences range from 350 SF to 850 SF with studios to two-bedroom units, offering the functionality of a micro-style home with the high-quality design and superior finishes of an elite condominium.

PROFILE Exclusive Podcast Season 1 Episode 6 Featuring Dev Motwani of Merrimac Ventures

Season 1 Episode 6 of the PROFILE Exclusive Podcast by PROFILEmiami features Dev Motwani of Merrimac Ventures. Dev serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale based real estate firm that focuses on value-add investment and development opportunities. Property types owned and operated include hotels, condos, retail, office and rental apartments primarily in South Florida but also throughout the United States.

Dev is also Founder and Managing Partner of Ramesh Properties, a distressed real estate investment fund focused on opportunistic investments in residential and commercial development sites throughout South Florida. He currently oversees nearly $750 million in development projects. Current projects include the Four Seasons Hotel and Private Residences, The Gale Boutique Hotel and Residences, as well as Las Olas Riverfront, all in the Fort Lauderdale area.

Dev is Founder and Managing Partner of Chieftain Residential, a yield-oriented distressed residential fund purchasing single-family homes, and residential land, primarily in the Southeast US and Texas. The fund aims to balance current income opportunities through the rental markets for its single-family home inventory, while also targeting capital appreciation in single family homes and land as the US Residential Market continues to rebound.

The PROFILE Exclusive Podcast by PROFILEmiami, the leader in South Florida residential and commercial real estate news and content, profiles and gets intimate with the movers and shakers in the South Florida real estate industry. Throughout the series we will interview and get inside the minds of South Florida's top developers, investors, brokers, architects, designers, etc. The PROFILE Exclusive Podcast is hosted by Demetri Demascus Co-Founder of PROFILEmiami and Director of Business Development at private equity group Galium Capital as well as Katya Demina, Co-Founder of PROFILEmiami and Development Associate at development firm Royal Palm Companies.

This Podcast is Presented By:

Swire Properties' The Shops at Brickell City Centre Now 97% Leased After Announcing 9 Retail Leases In Last 30 Days

Swire Properties has announced that The Shops at Brickell City Centre (BCC), a landmark destination for dining, entertainment, shopping and culture developed by Swire Properties, is now 97% leased after announcing leases with Beach Bunny, Café Americano and more to occupy a total of 16,742 SF of retail space in the last 30 days.

Beach Bunny, Bikiny Society, Solea Medical Spa and Beauty Lounge, Indochino, Elie Tahari, and the San Francisco-based preventative healthcare startup Forward Health have opened their doors at the centre. Joining them will be Café Americano, TOMS, and Intimissimi. These lifestyle, clothing, hospitality and wellness tenants reflect Swire Properties’ core belief in creating dynamic, diverse, and inclusive spaces at The Shops at BCC.

“We are proud to announce our new tenants that have helped fuel our leasing success with The Shops at BCC approaching 100 percent leased during this unprecedented time and nearly 71 percent sales growth so far this year,” said David Martin, vice president of retail for Swire Properties. “Swire is dedicated to offering a well-rounded mix of attractions for locals and tourists alike, and I look forward to seeing these premier retailers becoming a part of Miami’s most dynamic destination.”

The Brooklyn-Based LivWrk Acquires Wynwood Assemblage For $38.86 Million

The Brooklyn-based developer LivWrk has made a splash in Wynwood with the acquisition of a 2.45 acre assemblage for $38.86 million. The acquisition was financed with a $28.44 million mortgage provided by the Los Angeles-based Thorofare Asset Based Lending REIT Fund V. LivWrk is led by Asher Abehsera who founded the firm in 2013.

LivWrk acquired a 1.16 acre site from East End Capital where they had planned to develop the Foyer, a mixed us project with residential, office and retail components. LivWrk acquired the site at 2400-2418 N Miami Ave. and 29 NW 24th St. from East End Capital for $18.51 million and in a separate deal East End Capital also sold LivWrk 2500 N Miami Ave. and 33 NW 25th St. for $6.5 million. To complete the assemblage LivWrk also acquired 48 NW 25th St. from 3 CI Holdings for $13.85 million.

East End Capital had acquired the 2400-2418 N Miami Ave. site for $6.25 million in 2015 and the 2500 N Miami Ave. site in 2014 for $4 million. 3 CI Holdings had paid $17 million for the 48 NW 25th St. property.

Miami’s Wynwood Arts District neighborhood has been one of South Florida’s hottest real estate markets. Several big-name companies have made Wynwood their home, such as Spotify, Live Nation and Founders Fund; additionally, new zoning has attracted many multifamily developers. AMLI Residential recently broke ground on AMLI Wynwood, one of the largest mixed-use multifamily developments to ever break ground in Wynwood. A development partnership led by David Edelstein’s TriStar Capital and RAL Development just closed on the final piece of their 72,000 SF Wynwood assemblage where an office campus is planned. A development partnership between L&L Holding Company, CARPE Real Estate Partners, and Fortis Design + Build also recently revealed 29N, a mixed-use project which feature rental apartments, office space, ground floor retail and micro retail. Earlier this summer the Los Angeles-based Black Lion Investment Group acquired the class A retail property Wynwood Arcade from East End Capital for $13.25 million. The Kobi Karp-designed The Gateway at Wynwood class A office building is also nearing delivery and has begun signing leases.

Icon of Palm Beach Shores Locks Down $25.16 Million Construction Loan

Icon Realty Capital, led by Anthony Shafer, has locked down a $25.16 million construction loan for Icon of Palm Beach Shores, an approved condo building coming to the north side of the Palm Beach inlet. The financing was arranged by the Washington-based Construction Loan Services II. Icon of Palm Beach Shores is located at 150-206 Inlet Way. Icon Realty Capital acquired the property in May 2021 for $6.27 million and plans to demolish the 70-year-old residential buildings which currently sits on the site.

Icon of Palm Beach Shores will feature 15 condo units which are expected to start at $2 million. Units feature direct water views from the living areas, modern design, high-end finishes and expansive balconies. Icon of Palm Beach Shores will be listed and marketed by Lauren Matthews of Douglas Elliman and Greg Forest of Sotheby’s International Realty.

For more information about Icon of Palm Beach Shores, private showings or purchasing/ leasing information please fill out the form below:

Mediterranean-Asian Dining Concept KAORI Miami Opens In SLS Lux Brickell

KAORI Miami, a brand-new two-story Mediterranean-Asian-inspired culinary concept, has opened in the very heart of downtown Brickell in SLS Lux Brickell. Helmed at the culinary hands of renowned Chef Fabrizio Garofolin, the all-expansive dining destination is Umai Group’s first food and hospitality venture, bringing two levels of unparalleled indulgence and entertainment to the neighborhood. KAORI offers a welcoming environment that embraces a naturalistic style, where every detail is thoughtfully curated to create a singular guest experience. From the delicately warm-toned interior, to the exceptional food and beverage programming, to the synergetic entertainment component, every extension of KAORI naturally blends to create a harmonic likeness throughout.

“We are beyond excited to finally be able to share this truly exceptional experience we’ve created at KAORI Miami, with all our guests,” says Diego Pagola, Creative Director of Umai Group & KAORI Miami. “Intention has been a very important factor in our conception of the brand, in creating an environment where our guests can feel welcome and at home. Every pillar put into this project lends to KAORI’s harmonic journey through the senses, led through gastronomy, music, and design.”

Upon arrival, guests will find the entrance to the 4,500 SF restaurant at the ground level of SLS LUX Brickell, where they will be greeted by KAORI’s signature bar and lounge area. Appealing to those looking for an inviting neighborhood spot with an authentic evening-time vibe, the bar and lounge area also brings an inspired mixture of entertainment, live music, and exotic instrumentals from a wide range of cultures. The music component of the space plays a fundamental role in establishing the identity of KAORI as a whole, lending to the curation of the venue’s full-sensory guest experience. A signature KAORI playlist is also available for anyone to follow, offering guests a unique KAORI takeaway experience that alternates bi-weekly.

Beyond the bar and lounge space, guests will come across a dimly lit staircase, which elegantly links to KAORI’s spacious upstairs dining area. Here, Chef Fabrizio Garofolin serves as the heartbeat of the restaurant, creating a beautiful balance between modern and time-honored techniques while combining the two worlds of Mediterranean and Asian cuisine. Chef Fabrizio unleashes his culinary artistry with a menu that exudes a diverse and sophisticated fusion of flavors, colorful and texturally rich ingredients. Highlighting Chef’s farm-to-table practices, and the sourcing of local ingredients and quality fresh fish, KAORI’s menu offers an eclectic culinary journey through land and sea. Guests can look forward to signature menu items such as authentic cuts of A5 Japanese Miyazaki Kobe Strip Loin with Shiso Chimichurri, Furikake Chicharron with Yuzu Mojo, Yellow Fin Tuna with Charred Avocado and Miso Sweet Potato Puree, home-made Short Rib Dumplings with Manchego Foam, and Kabayaki Glazed Seabass.

“Food is the purest reflection of the soul of a chef. It’s the way we show our passion for innovation and creativity in our menu,” says Chef Fabrizio Garofolin, Executive Chef of KAORI Miami. “Apart from our uniquely different Mediterranean-Asian style cuisine, KAORI’s menu offers a genuine culinary experience that lets our guest’s tastebuds travel around the world without ever having to leave their table.”

Aside from an incredible culinary focus, guests can also expect a sublime cocktail, wine, and sake programming. Prominent local bartender, James Mcleenes, serves as KAORI’s lead Bar Manager, where he incorporates a variety of innovative ingredients from different cuisines into the signature cocktail menu. Pulling influence from his residencies in Sydney, New York City, and Miami’s bar scene, James’ approach is minimalist, flavor-focused, with a notable emphasis on execution and elegant presentation. KAORI’s wine and sake offerings are spearheaded by two powerhouse women, Macarena Carrillo and Mariel Dalmau, who double as the founders of the natural wine social club, Grape Crush Miami. Their method creates a sustainable and innovative program, blending classics while simultaneously pushing boundaries.

Esteban Bressan’s vision was brought to life as a collaborative initiative between critically-acclaimed Miami-based design firm Spazio/Bressan and Interior Image Group (IIG), every space within the two-story concept was designed to offer an authentic, harmonic ambiance to enhance the guest’s overall experience, that is: the KAORI experience. Bressan’s multi-disciplinary vision for KAORI entwines both Mediterranean and Asian-influenced design elements with a natural and minimalist undertone. The bright, open, airy space exudes a balance between sophistication and casual comfort that celebrates simplicity through a modest palette of organic materials. Light-toned wall finishes and flooring contrasts with darker design elements, giving the venue a sense of inviting warmth. Lush greenery enlivens the space and adds another layer to the natural look and feel, building onto the connection between the location’s urban setting and nature.

“The best interiors evoke a mood. They're an extension of our lifestyle. They entertain, provide solace, bring us closer together, and welcome us home,” says Esteban Bressan, Founder of Miami-based design firm Spazio/Bressan.

Images via Sofia Barroso FIID Agency

Images via Sofia Barroso FIID Agency