Nike Launches New, Live Store Concept 'Nike by Brickell' In Miami

Nike has launched their latest Live concept store in the heart of downtown Miami, Nike By Brickell in Brickell City Centre. Nike By Brickell is Nike’s first Live store in Miami, exemplifying Nike’s retail growth across North America to serve the sport marketplace of the future, which is digitally enabled and powered by Nike Membership. The store, which opened on August 4, 2022, is designed for and inspired by the local Brickell neighborhood. Nike By Brickell offers digital and convenience-led services through the Nike App to allow consumers to discover the best of Nike online or in-store.

The Nike By Brickell exterior mural facade was designed by illustrator and designer Xoana Herrera and takes inspiration from Brickell’s vibrant and diverse neighborhood. Hailing from Argentina, but now based in Los Angeles, Herrera was inspired by sport and by the Brickell community, complementing the design with her signature bold, geometric style to uniquely represent the Nike By Brickell community. Herrera previously created murals for other Nike Live stores including Nike By Long Beach and Nike By Glendale, which also borrowed from both these neighborhoods’ unique vibes.

A few key details about Nike By Brickell include:

Serving Her: Women are shaping a new future of fitness, one that is more inclusive and centered on personal progress and inclusivity. Although there are Men’s and Women’s Lifestyle and Performance products in all Nike Live stores, the Live concept has a sharp focus on serving Women through product, services and experiences in-store.

What the Neighborhood Wants: Through consumer insights, Nike knows Brickell consumers outpace the rest of the region for fitness activities such as Running and Training. To serve their needs, Nike By Brickell will focus its offerings around performance apparel and footwear styles such as the Nike Air Zoom Pegasus 39, Nike Dri-FIT Alate Minimalist Sports Bra, the Nike Fast Tie-Dye Training Tank and more.

Creating More Consumer Touchpoints: Powered by Nike Membership, Live stores provide consumers the convenience to use the same services they have across channels - via the Nike App, online and in store - giving them seamless opportunities to shop wherever and whenever they want. These services include Buy Online, Pickup in Store (BOPIS), Digital Returns, Swoosh Text and Curbside Pick-Up.

Powering Community: Nike store athletes dedicate themselves to increasing access to sport in their local communities, and guide consumers in their personal fitness journey. Nike store athletes redefine sport for a new generation by volunteering their time with local community organizations that support underserved children and communities.

PMG and Greybrook Celebrate Revealing Of The Elser Hotel & Residences With Sunset Soirée

On Wednesday, August 3rd, PMG and Greybrook hosted an unveiling event to celebrate the launch of The Elser Hotel & Residences, a 49-story new construction luxury condominium tower. Set in the heart of Downtown Miami with unobstructed views of Biscayne Bay, guests enjoyed a live band, experiential performances and endless champagne. Remarks were given by Ryan Shear, Managing Partner of PMG, and the PMG Residential sales team, Alejandra Castillo, Christian Tupper, Daiana Quiceno, Aura Aragon and Karine Carvalho.

Located at 398 NE 5th St., The Elser Hotel & Residences will deliver the only new, fully furnished and move-in-ready residences to Downtown Miami this summer. The property will allow owners to enter a short-term rental program with daily rental options through The Elser Hotel & Residences Owners Program, managed by industry-leading management company Highgate.

National investment and development firm PMG (Property Markets Group) and Toronto-based real estate private equity firm Greybrook developed The Elser Hotel & Residences, a 49-story new construction luxury flexible rental condominium which offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space. PMG Residential is the exclusive sales team for the property, with residences priced from the $600Ks or the equivalent cryptocurrency exchange rate.

Dacra Secures $43.5 Million Loan To Refinance 4141 Office/ Retail Building In Miami Design District

Dacra has locked down a $43.5 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Berkadia Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing on behalf of Dacra, the pioneer of the Miami Design District, owning well over one million square feet.

LMF provided the 10-year, fixed-rate loan, which provides Dacra with a permanent refinancing for the mixed-use asset. The property is located at 4141 N.E. 2nd Avenue and consists of a combination of office and retail tenants including B&B Italia, Design Within Reach, iHeart Media, and MC Kitchen.

“4141 N.E. 2nd Avenue is a stabilized asset in one of the most desirable, luxury retail districts in the entire U.S.,” said Wadler. “The property has been heavily re-tenanted in recent years to elevate value, as the Miami Design District has continued to drive rental rates with its evolution towards high end designer fashion and art.”

The Miami Design District is a one-of-a-kind neighborhood that combines luxury shopping, galleries, museums, design stores, restaurants and major art and design installations all within an architecturally significant context. The Miami Design District is owned and operated by Miami Design District Associates, a partnership between Dacra, founded and owned by visionary entrepreneur Craig Robins, and L Catterton Real Estate, a global real estate development and investment fund, specializing in creating luxury shopping destinations.

Gridline Properties Represents Seller And Buyer In Sale Of Ebb & Flow Retail Strip Center In Miami's Little River District

Ebb & Flow, a retail strip center in Miami’s Little River District, has sold for $18.15 million, marking one of the largest sales in the neighborhood, testifying to the areas growth the progress. Ebb & Flow is a unique retail strip center comprised of two buildings on two lots measuring 32,000 square feet and 81,224 square feet. The property closed on July 22 for $18.15 million and is located at 8200 NE 2nd Ave., and 201 NE 82nd St., Miami, FL 33138.

Both sides of the all-cash transaction were overseen by Gridline Properties Broker and Principal Alfredo Riascos. The seller was Thomas Conway of River Esquinas, LLC, and the buyer was Doug Levine, founder of Crunch Fitness and CEO of commercial real estate development firm Big Move Properties. Prior to the successful sale, Gridline Properties assisted the seller with leasing its retail spaces ensuring the property for future success.

The Ebb & Flow property sits in the heart of Little River’s Uptown District, one of Miami’s most exciting and emerging neighborhoods. The strip houses Primal Fit, Eyebrow King, La Santa Taqueria, Salon Dahlia, Tran An Vietnamese Eatery, and Off Site Nano-brewery & Kitchen—exciting tenants that have received culinary, fitness, and beauty recognitions. Additionally, the T6-8-O zoning for the property allows for the future development of 280 residential units offering the possibility of developing a mixed-use space.

“We are excited to be involved with transactions that continue to drive progress and innovation to Little River’s Uptown District, one of Miami’s most exciting neighborhoods," said Riascos. “Representing both the seller and buyer in this large of a sale proves to be as satisfactory as it is complex—yet both parties come out on top to serve this thriving community that we are honored to be a part of.”

A hub for re-adapted industrial buildings, the Little River Business District has attracted an array of creative and design-oriented businesses that have spontaneously identified the surrounding neighborhood as one of Miami’s most up-and-coming districts. It is home to a wide variety of businesses, tenants, and owners that have transformed one of Miami's oldest industrial areas into a neighborhood that promotes creativity, design, and innovation.

PPG Development Acquires Bay Harbor Towers For $32 Million

PPG Development, led by Ari Pearl, have acquired Bay Harbor Towers, located at 10141 and 10143 East Bay Harbor Drive. The 1.03-acre property sold for $32 million, which equated to a price of $1,066,667 per existing unit. The transaction was overseen by Cary Cohen of Blanca Commercial Real Estate and Deme Mekras of MSP Group.

Prior to the marketing of the site, the Board of Directors at Bay Harbor Towers designated a committee and instructed them to explore the sale, which led to their interviewing and receiving proposals from several brokerage houses, including some of the world’s largest firms. After a highly competitive interview process, the committee elected to have Cary Cohen of Blanca Commercial Real Estate along with Deme Mekras, of MSP Group, represent the many owners of Bay Harbor Towers. The duo signed exclusive listings with 100% of the 30-unit owners and commenced a far-reaching marketing campaign.

“Bay Harbor is no longer Dade County’s hidden treasure. Our extensive marketing process elicited global interest from numerous top-tier developers, as we expected, given the truly unique nature of this opportunity,” said the listing team. The duo shared that “Coordinating a sale of an entire association is one of the most rewarding transactions. It brings life changing wealth to so many people as the existing units traded for over 300% of their market value on an individual basis.” This rare, waterfront Bay Harbor Islands development site was highly sought after due to its immediate views of Biscayne Bay, Bal Harbor, Sunny Isles and distant views of South Beach, Edgewater, and Downtown Miami.

The buyer, PPG Development, LLC, led by Founder and CEO, Ari Pearl, is a commercial and residential real estate developer focused on the South Florida market, which has a substantial pipeline of development projects already underway, such as 700 planned multifamily units in North Miami Beach and the ongoing redevelopment of the Diplomat in Hallandale. PPG also has recent experience in Bay Harbor market with their purchase of The Altair Hotel.

“Development sites with amazing bay views rarely come to market anywhere in Miami, much less on coveted Bay Harbor Islands. Ultimately, a significant bidding war ensued leading to a $32 million sales price,” they continued, “and we firmly believe this was a win-win for both buyer and sellers,” said list agents Cary Cohen and Deme Mekras.

Dubai-Based DAMAC Properties Closes On $120 Million Surfside Site Of Collapsed Condo, To Build Cavalli-Branded Condo

The Dubai-based DAMAC Properties, who was revealed as the she stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021, has closed on the site for $120 million. DAMAC Properties, led by billionaire developer Hussain Sajwani, is planning to develop a Cavalli branded condo project on the site.

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. in September 2021. Court-appointed trustee Michael Goldberg issued the deed for the site at 8777 Collins Avenue which spans ±1.88 acres or ±81,886 square feet. The proceeds from the sale will go toward the $96 million settlement for the Champlain Towers South unit owners who lost their home in the tragic collapse.

The Cavallli Surfside condo will be DAMAC Properties’ first project in the United States. Sajwani’s private equity firm Vision Investments purchased the Cavalli luxury fashion brand in 2019. DAMAC Properties launched a 70-story Cavalli Tower in Dubai in 2021.

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 2021. Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth oversaw the sale, pro bono.

Shoma Group Delivers Mixed-Use Multifamily Shoma Village In Hialeah

Miami-based developer Shoma Group has completed its two-tower, 304-unit multifamily rental community in Hialeah, Shoma Village. They will begin welcoming residents to their brand new apartments on August 1. Leased by KW Property Management & Consulting and managed by Shoma MGMT, the development is 65% rented and expected to be fully leased by the end of summer. Amid South Florida's red-hot real estate market, Shoma Village is the latest example of a growing trend of new apartment buildings that have opened with over half of its units rented.

The project’s success is a testament to Shoma’s shrewdness as a developer who identifies and builds in promising areas often bringing a new type of product to the neighborhood. Shoma Village is leading a wave of new development and investment trickling into Hialeah, known as the City of Progress, aiming to spur economic growth and cater to a younger demographic of professionals who are Hialeah natives. The project was one of the first new Class A mixed-use housing and retail developments to break ground in the community in recent years. In addition to apartments, it will deliver an upscale Shoma Bazaar food hall, hair salon and store.

“Hialeah has always been a desirable location full of possibilities. That was true when we built Shoma Homes at Country Club of Miami here 20 years ago, and it’s still true today,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “The overwhelming response we've seen, with the first tower becoming fully leased before future tenants could even tour the finished product, shows the unprecedented demand for brand new, Class A housing in this area with a large list of amenities, a private parking garage, and a Shoma Bazaar with retail space on site. People are ready for a new standard of living in Hialeah.”

Shoma Village offers elevated, thoughtfully designed common and living spaces by architecture and design firm MSA Architects. Floorplans at Shoma Village range from studios measuring about 640 square feet to three-bedroom units totaling about 1,370 square feet. The units offer a bright and lively atmosphere, boasting chic barn doors, spacious walk-in and linen closets, and an inviting wood-style flooring throughout each apartment. They also include private balconies, energy efficient hurricane-impact windows, Honeywell PRO programmable thermostats, and Whirlpool front-load washers. Kitchens and bathrooms feature quartz and Marble-Lite countertops, designer vanities, a rain showerhead, and an oversized soaking bathtub. Tech-savvy security upgrades include fingerprint readers, keyless entry, and ButterflyMX video intercoms that allow residents to easily and securely let in visitors from their smartphones.

Residents have access to a wide array of amenities for their entertainment and leisure. These include a fully equipped fitness center with yoga, spinning, and an interactive mirror, a private conference room, and a two-story clubroom with extra large LED TVs, kitchens, and a pool table. Outdoor amenities include a large pool with a gazebo and courtyard, a playground, a grilling area, and a dog park. As with other Shoma developments, pet owners will have the additional benefit of an on-site Evolution Pet Spa.

The apartments will be anchored by a 22,000-square-foot Shoma Bazaar food hall and 12,000 square feet of on-site retail shops. In addition, a night concierge, covered and gated parking garage, and electric car station will provide extra safety and convenience for residents as they come and go from the property.

“We could not be happier with the amazing reception that Shoma Village has seen and we look forward to continuing that momentum as we lease the second tower,” said Stephanie Shojaee, President of Shoma Group. “We have put our heart and soul into carefully selecting every color, finish, and feature to make Shoma Village an exemplary and enjoyable live-work-play community for Hialeah. I am very excited to introduce it to the community and welcome people into their new, luxurious homes.”

Upon moving in, residents will receive housewarming gifts from Kris Jenner's home care line, Safely, including complimentary plant-based cleaning products, and from Shoma, including a glass water bottle, coffee mug, hand sanitizer, duffle bag, and Lemon Perfect flavored water.

Shoma Village is located at 445 Hialeah Dr., Hialeah, FL 33010.

Images via Shoma Group

Macken Companies Secures $16.5 Million Construction Loan For Koya Bay Luxury Waterfront Townhome Community In Eastern Shores, North Miami Beach

Macken Companies has secured a $16.5 million construction loan from LV Lending for Koya Bay, a luxury waterfront townhome community directly on the Intracoastal Waterway within the exclusive neighborhood of Eastern Shores at 4098 NE 167 St. in North Miami Beach. Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending arranged the loan on behalf of the developer, Alan Macken, principal of Macken Companies. The closing took place on July 28th. Macken Companies affiliate VCM Builders is the general contractor and Macken Realty is the exclusive sales agent. The project broke ground in February 2022 and is on schedule for delivery Q1 2023.

“LV Lending has been a terrific financial partner to us,” stated Alan S. Macken, principal, Macken Companies. “We appreciate their enthusiasm and confidence in our execution to ensure its success. We look forward to delivering this beautiful community to our buyers and the City of North Miami Beach.”

Koya Bay features 10 four-story residences, each with a private elevator, expansive rooftop terrace and two-car garage with optional car lift. The gated community offers three, four and five-bedroom floorplans ranging in size from 4,327-5,288 square feet. Boat slips are outfitted with water and electricity.

Koya Bay’s prime cul-de-sac location is buffered by water on three sides, providing direct and unobstructed views of the Intracoastal Waterway. The development is a boater’s paradise with no fixed bridges situated just minutes away from the Haulover cut, sandbar and ocean.

Macken Companies once again teamed up with the esteemed Randall Stofft Architects and Witkin Hults + Partners to design tropical modern townhomes that blend natural materials and earth tones with open floor plans designed to invite the waterfront into each level. Residences feature elevated ceilings, Wolf appliances, custom wood cabinetry and smart home technology. Private rooftop terraces combine both enclosed air-conditioned space with open area and are equipped with a jacuzzi and summer kitchen.

The affluent and family-friendly Eastern Shores neighborhood is a guard-gated community with 24/7 police-manned security, its own park and playground. Residents will enjoy an abundance of conveniences and amenities, including being steps from the pristine Sunny Isles Beach and having the beautiful Oleta River State Park, a 1,043-acre Florida State Park on Biscayne Bay just across the street, with mountain bike trails, running paths, kayaking and fishing.

Eastern Shores is accessed via the 163rd Street Causeway, which connects to US-1 and A1A. The City of North Miami Beach is centrally located 12 miles north of Miami and less than 20 miles south of Fort Lauderdale. Koya Bay is just minutes away by car or boat from the beach, Haulover Marina which provides ocean access, and two of Florida’s premier shopping destinations, the Aventura Mall and legendary Bal Harbour Shops.

New Middle Eastern Restaurant Mazeh Opens in Downtown Miami

NYC-based hospitality powerhouse group, GPG Hospitality, has introduced a brand-new Modern Middle Eastern concept to the Miami dining scene with Mazeh, which officially opened its doors to the public July 15th. Located at the sleek and modern YOTEL Miami hotel, Mazeh’s relaxed yet refined ambiance and unparalleled culinary approach will extend a unique modern flair to traditional Middle Eastern cuisine and introduce Middle Eastern tapas to the world. 

Mazeh radiates with the warmth of Middle Eastern hospitality, as Miami’s newest culinary gem.  The service style at Mazeh breaks the mold of a traditional dining experience and invites guests to pace the meal as they wish, ordering small dishes throughout the night, while enjoying an evening out.  The menu at Mazeh draws from the diverse and flavorful cuisine of the Middle East. Its offerings provide guests with an authentic taste of the region, while highlighting the fresh local fare of Miami. The flavors of the Middle East are applied to these tapas in a way which respects and allows the main ingredient to shine.  

Signature dishes include Arayes, ground lamb or fish grilled inside fresh pita and topped with amba; Falafel Cigars wrapped in brick pastry and served with tahini; Skewers: grilled octopus with labneh and za’atar; grilled steak in a smoked tomato sauce and bone marrow olive vinaigrette; grilled cabbage with green tahini and herb gremolata; and of course Mazeh’s specialty Tiffin Box which holds an assortment of seasonal Middle Eastern dips and spreads served with fresh pita. 

Drinks at Mazeh are crafted to further enhance the experience and elevate the flavors of the tapas. Cocktails include the You Oughta Know, a mix of vodka, Lillet Rouge, grapefruit, dill and honey; Doo Wop, made with silver rum, kaffir lime, passion fruit, lemongrass and lavender; and the Hypnotize, a vodka-based drink mixed with bergamot, smoked pineapple and grapefruit.

In the morning, Mazeh offers a selection of breakfast boards. The boards include the Greek Breakfast which includes eggs, Greek salad, tzatziki, feta and Kalamata olives; a traditional English Breakfast which includes eggs, baked beans, turkey bacon and sausage, tomato and hash browns; a Continental Breakfast, featuring a selection of bread and viennoiserie; and the Middle Eastern Breakfast with eggs, Israeli salad, labneh, avocado and tahini.

Along with the opening of Mazeh, the team has announced the opening of Float, an elevated outdoor lounge which will be poolside on YOTEL Miami’s 12th floor deck, later this year. 

RELATED, ROVR AND BH GROUP BEGIN VERTICAL CONSTRUCTION ON SOLD OUT DISTRICT 225 CONDOMINIUM

Real estate industry leaders Related Group, ROVR Development and BH Group have officially broken ground on the sold-out District 225. Located at 225 North Miami Avenue in Downtown Miami, the 343-unit property is a new luxury condominium tower offering residents the ability to host their condos on Airbnb for any stay length (subject to applicable laws and restrictions). Completion is slated for 2024.

“District 225 is a project of many firsts. Now, with financing in hand, we’re happy to share that the development is also the first of Related’s next-generation Miami-Dade condos to begin vertical construction,” said Jon Paul Perez, Related Group president. “We couldn’t be more pleased with the reception District 225 saw from buyers and the industry. Not only did the project sell out in record time, but it also gave birth to an all-new type of restriction-free development that’s already had many other projects follow in its footsteps.”

Responding to a sustained demand for flexible ownership and living options, District 225 delivers ready-to-rent, fully furnished residences purposely designed, built and licensed to be shared. The project proved to be a success in the Miami market with all units sold within two months of its sales launch. Unique from past condos in the development team’s respective portfolios, District 225 attracted predominantly domestic buyers, including young professionals and remote workers in the new work-from-home era.

“Downtown Miami is going through a rebirth,” says Oscar Rodriguez, founding partner of ROVR Development. “We’re excited to have identified and secured a site that is so central to this neighborhood’s transformation. District 225 is a catalyst for flexible living, offering luxury condominiums at attainable prices in one of the city’s most promising destinations, surrounded by parks, public transportation, entertainment and more.”

District 225 joins downtown Miami as the neighborhood’s burgeoning market experiences a resurgence of new residential high-rises. The increased demand for residential units in the area is a testament to its growth as a cosmopolitan destination that caters to a live, work, play lifestyle. Just a few blocks away, The Related Group also announced The Crosby, another short-term-rental ready development located within the Miami Worldcenter mixed-use development