Merrimac Ventures and BH3 Management Join Forces For New Development on Watson Island

BH3 Management and Merrimac Ventures, two of South Florida’s leading development firms, have teamed up to execute the City of Miami’s long-held vision of a thriving destination on Watson Island. The joint venture will draw upon their deep local roots and collective expertise to bring to life 10.7 acres of land on the island, which is one of the most vital properties in South Florida, situated along Biscayne Bay midway between Downtown Miami and Miami Beach.

The BH3 Management and Merrimac Ventures JV acquired the lease from Mehmet Bayraktar’s Flagstone Property Group who first acquired the rights to develop the land via Miami voters in a city-owned land referendum in 2001. Flagstone Property Group was able to complete the Island Gardens Mega-Yacht Marina but failed to complete the proposed mixed-use development which is set to include hotels and retail. The lease then went through a series of dramas including the City Commission voting to end the lease with Flagstone Property Group who used the city and ultimately the city entered an agreement to pay the developer $20 million.

The transaction between the BH3 Management and Merrimac Ventures JV with Flagstone Property Group was brokered by Alex Zylberglait on behalf of Marcus & Millichap and does not include the Island Gardens Mega-Yacht Marina. The Joint Venture now holds the 75-year lease paying $2 million in annual rent to the City of Miami.

Initial site work at the property, including utility and infrastructure improvements, will soon get underway following the transfer of an existing City of Miami lease to BH3 Management and Merrimac Ventures. In the coming months, the development team will be evaluating how this portion of Watson Island can be designed, curated and programmed to deliver public benefits while aligning with today’s market.

Benefiting from a long track record of bringing signature developments to life, the joint venture has deep experience undertaking transformative projects and creating regional destinations. BH3 Management, led by principals Daniel Lebensohn and Gregory Freedman, has developed more than 4 million square feet of commercial real estate including Privé at Island Estates in Aventura, and has deployed in excess of $2 billion of capital since its inception.

“Watson Island is one of the City of Miami’s most important and well-situated properties, yet it’s also one of its most underutilized assets,” said Greg Freedman, Principal at BH3 Management. “For two decades, Miami residents have been anticipating the creation of a mixed-use development at this site, and now that vision will come together. Our plans for Watson Island will deliver an amenity for nearby residents, as well as a destination for visitors from across South Florida and around the world.”

Merrimac Ventures, led by brothers Nitin and Dev Motwani, is currently developing assets valued above $3 billion and its principals have led some of the largest real estate developments in South Florida, including the $4 billion, 27-acre Miami Worldcenter in Downtown Miami; the Four Seasons Fort Lauderdale Hotel and Residences; Paramount-branded condominiums in Miami and Fort Lauderdale; and the Las Olas Riverfront.

“The development of Watson Island is an opportunity to rethink the way people can access this beautiful site, which offers unobstructed vantage points featuring the Downtown Miami skyline, Biscayne Bay, Museum Park, and the cruise ships at PortMiami,” said Nitin Motwani, Principal at Merrimac Ventures. “Miami is synonymous with the water, and yet there are surprisingly few places where residents and visitors can access the waterfront. Our plans for Watson Island will be centered around public space and the site’s bayfront setting, offering some of the best views in all of Miami.”

Miami voters initially approved plans for the privately-funded development of City-owned land on Watson Island back in 2001, and the lease on the property was most recently modified in 2019. A site plan is already approved, combining hotel, retail, and residential uses alongside new public space and a waterfront promenade. While the plan will be modernized, BH3 Management and Merrimac Ventures intend to develop within the same footprint and density allowances that voters previously approved, ushering in investments in quality-of-life, resiliency, and infrastructure improvements – without putting a burden on taxpayers.

Nation's Largest Women's Shelter 'Lotus House' Breaks Ground On Children's Village In Miami's Overtown Neighborhood With $1 Million Gift From Gisele Bündchen

Lotus House, the nation’s largest women’s shelter, has broken ground on their new Children’s Village that will advance the nonprofit’s mission of ending, and preventing, homelessness. Centered on the educational, wellness, and special needs of children and youth, the five-story facility will expand Lotus House’s reach into the surrounding community, complementing the organization’s 500-bed shelter, Lotus Village, located directly across the street. Features of the new building will include a preschool for children ages three to five, afterschool and summer programs, child and family therapeutic services, access to healthcare and social services, a playground, and a vast array of community resources and programming.

Development of the Children’s Village kicked-off during a groundbreaking ceremony on April 25th at the project site, located at 219 NW 14th Terrace in Miami’s historic Overtown District. Hundreds of neighbors and community stakeholders attended, including Miami-Dade County Mayor Daniella Levine Cava, City of Miami Commission Chair Christine King, City of Miami Commissioner Manolo Reyes, and The Children's Trust of Miami-Dade County President & CEO James Haj.

During the event, Gisele Bündchen, a passionate philanthropist and dedicated advocate for women and children in need, announced $1 million in support for a new playground for the preschool at the Children’s Village, along with educational programming to take place within the facility upon opening.

“Lotus Village was built on the premise that a shelter centered on the acute needs of women and children, complete with trauma informed, evidence-based therapies and holistic programming, could end homelessness. We know this model works, and we know that what makes this model so successful is the generosity of our community, stepping forward time and again to make all that we do possible,” said Lotus House founder Constance Collins. “In the Children’s Village, we are calling on our ‘village’ again, to help our sheltered children and the children of our beloved Overtown community blossom into who they are meant to be. Together, we will take another step forward to end cycles of poverty and homelessness by empowering children and families with enriched educational and therapeutic supports, exciting and diverse programming for kids, and greater access to health and social services. We have launched a $25 Million capital campaign and need everyone’s help, because it takes a village – the Children’s Village.”

Building a solid community for children is so important, especially for those who are vulnerable and in need. Like everything in life, it takes a seed of an idea for something to grow, and I am honored to help Lotus House grow its impact with the creation of the Children’s Village,” said Gisele Bündchen. “Funding the playground for the Children’s Village is important to me because the benefits of play include physical fitness, social interactions, cognitive development, self-confidence, and overall well-being. All these elements build a strong foundation for growth.”

Last month, Lotus Endowment Fund, Inc., the sponsor of the Children’s Village, and its nonprofit subsidiary, Lotus Village II, LLC, closed on $32 million in New Market Tax Credit Financing that will enable the ground-up development of The Children’s Village. Financing for the project was arranged by The Frederick A. DeLuca Foundation, US Bancorp Community Development Corporation, Florida Community Loan Fund, and Enterprise Community Investment, Inc. Construction is expected to last between 15 and 18 months with an aim to open in time for the school year in the fall of 2024.

Since opening its doors with 34 shelter beds in 2006, Lotus House has grown to serve more than 10,000 women, children, and youth. In 2018, the organization debuted the state-of-the-art Lotus Village, which has set national standards for shelter design, operation, and programming. Today, more than 80 percent of the shelter’s guests successfully exit the shelter system following their time at Lotus Village, far exceeding the national average of between 60 and 65 percent.

The Children’s Village will serve as a community hub for nonprofit providers equipped to support children sheltered at Lotus Village along with those from the surrounding community. Partners will include the Overtown Children and Youth Coalition, Legal Services of Greater Miami, Overtown Optimist Club, Urgent Inc., Miami Mindful Kids, Alliance for LGBTQ Youth, Nana’s Restart, Girl Power Rocks, Easterseals, and Lotus Children’s Services, in addition to a coalition of health and wellness providers.

“Lotus House has proven that a holistic support model which brings together various organizations centered around a common goal can end a family’s homelessness and restore the lives and dignity of women, youth and children,” says James Haj, President & CEO of The Children's Trust of Miami-Dade County. “As a funder, we greatly value community collaboration, and the innovative collective impact model in the Children’s Village will broaden the benefits to families by promoting wellness, building confidence among our youth, and ensuring every child has the support they need to live a healthy and fulfilling life.”

The Children’s Village will be made possible by the support of Lotus Endowment Fund, Inc, a non-profit foundation that supports Lotus House and its initiatives. The development will benefit from the continued in-kind support of many volunteers, including general contractor Civic Construction; Behar-Font & Partners architects; engineers M2E Consulting, Inc.; civil engineers Avino & Associates; Savino & Miller Design Studio; Permit Me expediters; and law firm Bilzin Sumberg, where a team of attorneys including John Sumberg, Sara Barli Herald, and Javier Aviñó are spearheading all facets of land use, zoning and permitting, and tax credit financing.

Inside PROFILEconnect: The Evolution Of Wynwood From Arts District To Vibrant Global Tech Hub

On Tuesday, April 25th, PROFILEmiami teamed up with Oasis Wynwood, E11EVEN Vodka, Oak Row Equities, Kobi Karp, Torose Equities, Morabito Properties and Brick & Timber Collective to host PROFILEconnect: The Evolution of Wynwood From Arts District to Vibrant Global Tech Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders for an evening soirée of networking and cocktails, while hearing from the top developers and investors transforming Wynwood into a vibrant, global tech and business hub. Guests enjoyed cocktails by E11EVEN Vodka, and beats by Miami-based DJ DAKAP, sustainable water by KOPU Water, as well as sushi and churros by Sushi OG, Papi Churro and Miss Crispy Rice.

The panel was led by legendary Wynwood-based architect Kobi Karp and featured Erik Rutter, the developer of Oasis Wynwood and The Wynwood Plaza; Scott Sherman, co-developer of The Dorsey Wynwood and an active Wynwood investor; Valerio Morabito, developer of the mixed-use office development Wyncatcher; and Jesse Feldman, Managing Partner of the San Francisco-based Brick & Timber Collective who has invested over $100 million into the Wynwood office market and is a leading tech unicorn and VC landlord. The evening was hosted by PROFILEmiami Co-Founders Demetri Demascus and Katya Demina with Erik Rutter and David Weitz of Oak Row Equities.

The evening was attended by an exclusive group of top real estate industry leaders and executives including Michael Comras, Miguel Pinto, Kobi Karp, Nancy Karp, Jordan Karp, Cullen Mahoney, Scott Sherman, David Eyzenberg, Valerio Morabito, Erik Rutter, David Weitz and Jesse Feldman, amongst others. Guests had the opportunity to network and share their experiences developing and investing in South Florida through thoughtful discourse, while forging new relationships with senior executives.

The event was sponsored by E11EVEN Vodka, KOPU Water, Eyzenberg & Co., Cosentino, Odyssey Retail Advisors, Disruptive Real Estate, Colliers and University of Miami Herbert Business School.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting and is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests had the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. Stay tuned for more information on the next editions of PROFILEconnect in the works, “Hospitality in Real Estate” and “Branded Residences”.

Why Wynwood?

To escape high rents, many companies are relocating to Class A buildings in Downtown Miami and Wynwood. These buildings accounted for 44% of the entire market’s absorption in the first quarter of 2022. Wynwood has dominated new development in office product over the past two years.

Tenants relocating to these submarkets are looking for buildings with Class A amenities, such as conferencing facilities, fitness centers (with showers), cafés or restaurants and updated finishes in the common areas. Proximity to restaurants and shopping, as well as easy access to Interstate 95, and other lifestyle considerations are also important factors.

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FUTURE EVENT SPONSORSHIP

Would your brand like to generate exposure and connect directly with the attendees at PROFILEconnect? PROFILEmiami provides the opportunity via a selection of Sponsorship Packages. Contact us today to inquire about future event Sponsorship Opportunities.

You can find more information on event sponsorship here:

Investment Group Led by David Martin Set To Acquire Former-Miami Herald Development Site For $1.225 Billion

SmartCity Miami LLC, an investment group led by Miami-based Terra and it’s CEO David Martin is set to acquire the former-Miami Herald headquarters development site for a record $1.225 billion from Genting Group. The investment group has finalized terms for the acquisition of the 15.5-acre site which features 800’ of direct frontage on Biscayne Bay, the closing is set to take place later this year. The site which sits on the nexus of Downtown Miami and Edgewater is regarded as one of the largest and most valuable development sites in the United States.

“This is a prized piece of real estate in the heart of one of the world’s most dynamic and fastest-growing cities, and we are honored to have been selected as the property’s next owner. At Terra, we have a long history of enhancing communities and transforming neighborhoods through careful planning, beautiful design, and a focus on connectivity and resiliency. Our development on Biscayne Bay will continue this tradition.” Said David Martin, CEO of Terra Group.

Genting Group announced in March that it had received five bids over $1 billion following a marketing period led by Avison Young’s Florida Capital Markets Group. The largest bid values the property at just under $1.5 billion for the rare Omni District waterfront site. The land is a ±15.5-acre development opportunity which was marketed as BayCity Miami and is currently host annually to ArtMiami and CONTEXT Art Miami during Miami Art Week as ArtMiami’s Art Wynwood show in February. The property was previously occupied by the Miami Herald headquarters which was demolished in 2014.

Located at 1431 N Bayshore Drive in Miami the property features 800 linear feet of direct Biscayne Bay frontage and highly aggressive zoning in one of Miami’s most dynamic and connected neighborhoods, it is considered the most desirable development site offering in the city’s history and one of the largest waterfront land assemblages currently available in the U.S. The property has the potential to build a landmark mixed-use office, retail, residential, hospitality, and entertainment destination.

“The scale and location of this site offers the opportunity to do something spectacular, something that all Miamians can the pride in, and we will deliver nothing short of that. For now, our team is focused on understanding the full potential of the property and the surrounding area. Our vision will evolve as we learn more. Over time, we will arrive at a plan that elevates Downtown Miami, improves access to the waterfront and is welcomed by our community.” Said David Martin, CEO of Terra Group.

Genting Group appointed Avison Young’s Florida Capital Markets Group led by Avison Young Principals Michael T. Fay, John K. Crotty, CCIM; David Duckworth, and Vice President Brian C. de la Fé to spearhead the marketing and sale of property. Genting Group, one of the largest resort and entertainment and gaming corporations in the world which operates Resorts World, will remain invested in the Omni area, maintaining ownership of parcels spanning 10 acres west of Biscayne Boulevard.

Spanning several lots, including the former Miami Herald headquarters site, the property is in the Metromover subzone of Miami-Dade’s mixed-use zoning of RTZ (Rapid Transit Zone). With South Florida’s most generous zoning designation, the site has unlimited buildable square footage, no setbacks, a height limited only by the FAA regulations (649 feet) and a potential density of over 8,000 units. The RTZ zoning provides developers an enormous, highly flexible building envelope and the opportunity to develop a singular waterfront development of incredible scale.

Terra is a Miami-based real estate development and investment company that creates communities, enhances neighborhoods and connects people. Led by David Martin, Terra was founded in 2001 and is involved in all facets of residential and commercial development, including realty, mortgage, marketing and construction. Terra owns and operates a carefully curated portfolio of real estate developments valued at more than $8 billion that elevate quality of life; maximize the way in which people work, live and entertain; and innovate the urban and suburban landscape with an eye toward resiliency and sustainability. Since its launch, Terra has developed more than 5 million square feet of residential, commercial, and mixed-use projects across South Florida. Current projects include the nearby Major Food Group-programmed ultra-luxury tower The Villa, Mr. C Residences Coconut Grove and Five Park in South Beach.

Over the past 2.5 years, Miami has become a Tier-1 American city, on par with New York City and Los Angeles. According to proptech platform AVANT by Avison Young, Orbital Insight, Miami is outperforming most top U.S. metropolitan cities, including New York, as far as daily visitors to the city’s downtown urban core. Additionally, high-income earners and some of the most successful financial services, technology and cryptocurrency firms continue to relocate to Miami from other major metros. Rents across commercial real estate asset classes in Miami are at all-time highs, and development sales continue to break records.

Queen Miami Beach Reveals Exclusive 8-Seat High-End Speakeasy Style Omakase Experience

After a warm reception from patrons and gourmands, Queen Miami Beach has revealed one of her most-coveted hidden gems, nestled within her upper wing and peering into the grand dining room below. The intimate haven of glamour, design, and inimitable exclusivity is revealed as Queen Omakase, an exclusive eight-seat omakase bar led by third-generation sushi chef Max Kamakura. The new private dining enclave boldly presents an indulgent speakeasy-style omakase experience, open for reservation beginning April 27, 2023. Queen Miami Beach, a new concept from legendary restauranteur Matthew Massa’s Mr. Hospitality, has become one of the hottest restaurants and most unique luxury experiences in Miami since opening earlier this year.

Tucked within the walls of the Historic Paris Theater, Queen Omakase offers a premier ultra-luxury gastronomic experience to the already lauded Queen Restaurant and Lounge, complete with its own private entrance and elevated view of the universe below.

Upon arrival, guests are escorted by a dedicated VIP host through the main dining room before being led to the second-floor speakeasy lounge area where Queen Omakase lives. Concealed behind elegantly draped crimson-hued curtains, the secluded dining retreat opens up to an immaculately designed black Calacatta onyx-adorned bar surrounded by custom-made Bamboo Forest wallpaper, fabricated in Italy and color-customized by renowned designer Carlos Rodriguez. Dangling from the ceiling, a 1970s glass-blown Murano chandelier imbues the room with a sense of elegance and grandeur.

At the helm of Queen Omakase, Japanese-Brazilian classically trained, third-generation sushi chef, Max Kamakura will take guests on a multi-course journey through timeless Japanese traditions magnified through his distinctive modernist approach and well-traveled culinary experience.

“Over the course of my career, I have been fortunate enough to call numerous cities across several continents my home, which allowed me to deeply immerse myself in different local customs and traditions,” said Queen Omakase Executive Chef Max Kamakura. “Omakase to me is about conveying generations of stories through each meticulously crafted bite. Each dish represents a narrative that has been crafted over the course of many years, and guests will get to experience this through Queen Omakase.”

Queen Omakase perfectly fuses the rich tapestry of Japanese history with the vibrant energy that is quintessentially Miami. With an eight-top counter and only two seatings offered per night, exclusivity is as integral a part of the experience as the exceptional culinary programming, which will introduce a newly curated chef’s selections menu every three weeks. Bringing cooking techniques and quality ingredients to the forefront, guests can look forward to a premium selection of delicately composed nigiri and specialty Japanese dishes, prepared using ingredients from Japan and all around the globe.

Queen Omakase is open Tuesday through Saturday. The first seating is at 7:00 PM and the second seating is at 9:30 PM. Guests prepay in advance to confirm their seating and reservations can be made through OpenTable at $275 per person, plus tax and gratuity. If you have not been to an Omakase experience before, take note that as the chef curates the dishes live for each guest so if you are late they may start the experience without you.

Queen Omakase is located at The Paris Theater at 550 Washington Ave, Miami Beach, FL 33139. Valet Parking is available at the front entrance and public parking garages are located at 555 Washington Ave. and 500 Collins Ave.

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Architectural images via Craig Dennis | Culinary images by Sebastian Bednarski

Riviera Dining Group To Open New Concepts At E11EVEN Hotel & Residences Including Members Only Rooftop

Developers PMG and E11EVEN Partners have signed a 10-year agreement with renewal options with Riviera Dining Group (RDG), the hospitality group behind MILA and Bâoli, to program new concepts at E11EVEN Hotel & Residences Miami, an ultra-luxury, dual-tower development located in Miami’s famed District 11. Located at 20 Northeast 11th St. in the newly expanded entertainment destination, the Miami-based luxury hospitality company’s concepts will occupy a 16,000-square-foot restaurant with a 5,200-square-foot lounge attached to it, and a rooftop members only concept.

“We are thrilled that E11EVEN Hotel & Residences Miami will soon house the next transformative concept by Riviera Dining Group,” said Ryan Shear, managing partner at PMG. “E11EVEN Hotel & Residences prides itself on demonstrating a world-class, over-the-top lifestyle in the heart of Downtown Miami. We are pleased to have Riviera Dining Group’s talented hospitality team join us in bringing that vision to life for our residents and guests.”

Riviera Dining Group is known for operating some of Florida’s most exciting and experiential hospitality concepts including Miami hotspots MILA, MILA Omakase, MILA Lounge, and MM, as well as AVA MediterrAegean and MM in Winter Park, FL. Most recently, RDG acquired operations of BÂOLI Miami, the iconic restaurant and nightlife venue located on Collins Avenue in South Beach. Under the direction of RDG, BÂOLI has reopened with a new menu, elevated ambiance and an updated aesthetic. Its next multi-setting concept, CASA NEOS Miami, is slated to open in Brickell this year.

“We pride ourselves on continuing to be ahead of the curve when creating innovative, sensorial experiences for guests,” said Greg Galy, partner and CEO at Riviera Dining Group. “By partnering with E11EVEN and PMG, we’re able to continue providing guests with memorable experiences while simultaneously adding new venues to our luxurious and rapidly expanding portfolio.”

RDG has an impressive team of partners, chefs, and managers who have worked extensively to elevate the brand to what it is today including 26-Michelin Starred Chef Michaël Michaelidis. At E11EVEN Hotel & Residences, Riviera Dining Group’s restaurant will reside on a second level and offer a ground-floor escalator entrance to guests for direct access. Its upscale lounge and private membership club space will be located on the tower’s rooftop and showcase breathtaking views of the Downtown Miami skyline, Biscayne Bay, and the Atlantic Ocean.

The arrival of these two concepts to E11EVEN Hotel & Residences comes on the heels of the recent expansion of its second tower, E11EVEN Residences Beyond. The developers are purchasing the nearby “Heart” site at 50 Northeast 11th St. to offer additional units for sale and amenity space, which was made possible by an incredibly high demand for these residences and record-breaking sales success across both towers. Among the expanded amenities will be an upper and lower deck now totaling 14,637 square feet and an expanded resort-style 1,638-square-foot pool with private lounge areas.

"Miami's District 11 continues to evolve as the city’s leading entertainment district delivering top-notch dining and innovative nightlife experiences paired with exceptional residences," said Michael Simkins of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. "The expansion of the incredible property and its commitment to maximizing value for all who call it home is a testament to its idyllic placement within District 11 which will become an entertainment destination in Miami. We look forward to watching E11EVEN Hotel & Residences rise, further solidifying itself as one of the top ultra-luxury residential developments in South Florida."

Centrally located in Downtown Miami’s District 11, E11EVEN Hotel & Residences Miami offers a resort-style, entertainment-driven experience and destination – the first of its kind in the Southeastern United States. Floor plans at both of its towers range from studios to two bedrooms in addition to a presidential collection and penthouse suites. Each unit comes equipped with fully-integrated “smart building” features, Subzero and Wolf appliances, custom ITALKRAFT Italian cabinetry, top-level finishes, and designer-curated furnishings. The soaring 65-story towers will be designed by internationally renowned Sieger Suarez Architects with interiors by award-winning design firm AvroKO.

“E11EVEN Hotel & Residences has a track record of going above and beyond to deliver a coveted, over-the-top vision of luxury for its residents,” said Marc Roberts of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “Not only does living at the property place buyers in the middle of District 11’s outstanding live-work-play atmosphere, but it will now provide even more amenity space for residents to truly live out the energy-driven, highly exclusive lifestyle they seek.”

Amenities for E11EVEN Hotel & Residences include a world-class Chopra Spa & Studio, a five-star restaurant collection by Riviera Dining Group, a casino-style sports lounge, a world-class med spa, a rooftop pool and bar, and an E11EVEN day club and pool on the 11th floor. In addition to the first tower's amenities, buyers at E11EVEN Residences Beyond will have ultra-exclusive access to private facilities available only to residents of the second tower and the E11EVEN Beyond Members Social Club. They include a helipad, a signature restaurant, fully staffed executive office suites, and a state-of-the-art fitness center, as well as the expanded decks and pool. The second tower will also feature the recently announced, ultra-premium social club The Clayton.

PROFILEconnect: The Evolution Of Wynwood From Arts District To Vibrant Global Tech Hub

PROFILEmiami and Oak Row Equities are pleased to present the next installment of PROFILEmiami’s highly-anticipated PROFILEconnect bespoke networking event series. PROFILE has teamed up with Oasis Wynwood, Oak Row Equities, Torose Equities and Brick & Timber Collective to host an evening soirée of networking and cocktails, while hearing from the top developers and leaders transforming Wynwood.

Immerse yourself in the pulse of Wynwood at one of the Art Districts’s hottest indoor/ outdoor entertainment venues while enjoying signature cocktails by E11EVEN Vodka and bespoke networking before listening to an engaging panel discussing the evolution of one of Miami’s hottest growing neighborhoods from a vibrant Arts District into a global tech hub.

The relaxed and open setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, highlighted by Keynote Speakers Erik Rutter, the developer of Oasis Wynwood and The Wynwood Plaza; Scott Sherman, co-developer of The Dorsey Wynwood and an active Wynwood investor; Valerio Morabito, developer of the mixed-use office development Wyncatcher; Jesse Feldman, Managing Partner of the San Francisco-based Brick & Timber Collective who has invested over $100 million into the Wynwood office market and is a leading tech unicorn and VC landlord; moderated by legendary Wynwood-based architect Kobi Karp.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.

Why Wynwood?

To escape high rents, many companies are relocating to Class A buildings in Downtown Miami and Wynwood. These buildings accounted for 44% of the entire market’s absorption in the first quarter of 2022. Wynwood has dominated new development in office product over the past two years.

Tenants relocating to these submarkets are looking for buildings with Class A amenities, such as conferencing facilities, fitness centers (with showers), cafés or restaurants and updated finishes in the common areas. Proximity to restaurants and shopping, as well as easy access to Interstate 95, and other lifestyle considerations are also important factors.

Space is limited due to venue constraints, so buy your tickets soon before they sell out.

Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: April 25, 2023 | 6 - 9 PM

Where: Oasis Wynwood

Tickets: $125 [Includes admission & top shelf open bar powered by E11EVEN Vodka & Kopu Water]

Panelists:

• Erik Rutter, Managing Partner of Oak Row Equities

• Scott Sherman, Managing Partner of Torose Equities

• Valerio Morabito, CEO of Morabito Properties

• Jesse Feldman, Managing Partner of Brick & Timber Collective

• Moderator: Kobi Karp, Kobi Karp Architecture & Interior Design

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Hosts & Sponsors

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EVENT SPONSORSHIP

Would your brand like to generate exposure and connect directly with the attendees at PROFILEconnect? PROFILEmiami provides the opportunity via a selection of Sponsorship Packages. Contact us today to inquire about Sponsorship Opportunities.

You can find more information on event sponsorship here:

Major Food Group Opens Sadelle's Miami Design District Location With Exclusive Capsule Collaboration With Kith

Major Food Group and Kith have partnered once again for the first-ever U.S.-based outpost of Kith for Sadelle’s in Miami Design District. Sadelle’s, Major Food Group’s enduringly popular all-day dining institution that originated in New York, is now open to the public on the second floor of Kith’s new Miami Design District flagship. Kith and Major first collaborated on Sadelle’s at Kith Paris before expanding the brand with the Miami opening. A lifestyle as much as a restaurant, Sadelle’s has also teamed up with Kith to release a limited edition Capsule Collection featuring a selection of Sadelle’s X Kith branded apparel exclusive to the Miami Design District location.

The Sadelle’s concept, which first opened in downtown Manhattan in 2016, is a breakfast-centric haven, power-lunch hotspot, and energetic dinner destination all in one. Named after MFG Co-Founder Jeff Zalaznick’s great grandmother, the New York-inspired restaurant attracts a worldly clientele in search of leisurely sophistication and some of the best bagels in America, among many other signature dishes.

The Miami Design District location features white-washed ash walls with picture frame molding which are met by a checkerboard floor, fluted ming green counter, and fluted Carrara marble header, creating a space that is both polished and inviting.

Kith for Sadelle’s Miami offers the restaurant's signature menu items including its infamous brunch. Guests can look forward to quintessential Sadelle’s classics: bagels, sliced-to-order House Salmon, chopped salads, and world-famous French Toast and Blueberry Pancakes, but it will also offer a variety of exclusive specialty breakfast sandwiches that pay homage to popular NYC ‘deli-style’ sandwiches culture. The sandwich menu is available only at the bar counter, and features three sandwiches served exclusively at Sadelle's in Kith Miami Design District: The Spicy Hash – over-medium egg, crispy hash brown, and roasted pepper on a kaiser roll; LEO – salmon, egg, onion, and cream cheese on a bagel; and "BLT" – bacon, tomato, and Sadelle's signature coleslaw. Other notable menu highlights include a variety of cocktails, wine and beer, coffee, and more.

As a commemoration of its official opening, Kith and Sadelle's have collaborated on a capsule collection exclusively for their newly opened location at Kith Miami Design District. The apparel and accessories collection features the beloved all-day dining institution’s logo and vintage American diner-inspired colorway with a signature Kith twist, paying tribute to their new home in Miami. The Sadelle's x Kith capsule collection includes a trucker hat and a range of crew necks, hoodies, and t-shirts, with prices ranging from $50 to $165 USD available exclusively for in-store purchase.

Sadelle’s is a modern ode to New York’s classic tradition of all-day dining. Since opening its first location in the heart of SoHo in 2016, the brand has reached iconic status thanks to its urbane, celebratory atmosphere and a menu of hits, including some of the best bagels served anywhere. Among its many accolades, Sadelle’s was named an essential brunch destination by Harper’s BAZAAR and Cosmopolitan, and its sticky buns were ranked one of the Best Dishes of 2015 by The New York Times. Sadelle’s currently has outposts in New York, Las Vegas, Miami, and Paris, with Dallas and Miami Beach’s Lincoln Road location to follow.

In the span of a decade, MFG has grown into one of the most acclaimed hospitality groups in the world. They have pioneered a celebratory style of dining at such iconic restaurants as CARBONE and The Grill, forged groundbreaking partnerships with leading designers and luxury brands, and opened The Ludlow Hotel in Manhattan and The Newbury Boston. Since 2020, the company has expanded into several markets, from South Florida to Paris, while exploring new ventures like the private membership venue ZZ’s Club in Miami and The Crown Club at Brooklyn’s Barclays Center. In addition to building renowned restaurants, MFG is proud of its support of various social causes and its lasting partnership with the Robin Hood Foundation, one of New York City’s most important forces in the fight against poverty. To date, MFG has been awarded a total of 18 stars from The New York Times and three from the Michelin Guide. MFG’s businesses are located in New York City, Miami, Boston, Las Vegas, Hong Kong, Paris, and Tel Aviv. The concepts include CARBONE, Sadelle’s, The Grill, ZZ’s Club, Dirty French, Parm, Contessa, and The Lobster Club.

EDEN Multifamily and The Dermot Company Reveal Plans For Downtown Miami Kobi Karp-Designed High-Rise Residential Project In District 11

Prolific Miami-based real estate development firm EDEN Multifamily has partnered with multifamily developer and investor The Dermot Company to bring a Class-A, luxury rental residential tower to downtown Miami’s Park West District 11. EDEN and Dermot plan to develop a 44-story, 430-unit high-rise designed by the award-winning architect Kobi Karp in one of the hottest residential and entertainment neighborhoods in the world. This development represents the first partnership between Miami-based EDEN and New York-based Dermot. Construction is expected to begin in 2024.

The project site is located at 1018 N. Miami Ave., immediately west of E11EVEN Hotel and Residences and just northwest of the Miami Worldcenter mixed-use $4 billion mega project. Plans call for 8,000 square feet of retail space on the tower’s ground floor. The building will also feature more than 25,000 square feet of indoor and outdoor amenity space, including a luxurious pool, fitness center, health-and-wellness areas, club rooms, coworking spaces and much more. The project will be designed, constructed, and operated to the latest ESG investment principles and standards for commercial real estate for resiliency and environmental certification.

The location, amid the preeminent Miami Park West district, allows for convenient access to the Brightline Train Station, which runs from Miami to West Palm Beach and soon to Orlando. Park West is adjacent to the Miami World Center district, which encompasses an area of approximately 24 acres of high-end residential and commercial development. While condominiums have constituted much of the housing inventory in the area to date, rental options have been limited.

“We are thrilled to team up with a best-in-class national partner like Dermot and help address the intense demand for luxury rentals in Miami’s urban core,” said EDEN Co-Founder Jay Jacobson who leads EDEN multifamily with Jay Massirman. “With this project, we aim to set the gold standard for multifamily high-rise quality and design in the downtown area.”

“We are proud to partner with EDEN on this residence that will transform the downtown Miami skyline,” said Dermot CEO Stephen Benjamin. “As we continue to build our portfolio in South Florida, aligning ourselves with such a respected and like-minded developer in the local market was a natural next step for us, and co-founders Jay Jacobson and Jay Massirman have one of the most impeccable records in the business.”

Greenberg Traurig is representing the joint venture in the land-use process. Jordan Karp LLC brokered the pending acquisition of the project site. The project is scheduled to be presented to the City of Miami’s Urban Development Review Board during its April 19 meeting.

Renderings via Kobi Karp Architecture & Interior Design and EDEN Multifamily

Shoma Bazaar Welcomes Four New Vendors To Iconic Culinary Destination In Doral

Shoma Bazaar is set to welcome the addition of four new vendors to the community hub for local happenings, where an unprecedented collection of local chefs set the standard for culinary excellence in Miami. New vendors include Shuck Boys Oyster Bar, SNDWCH, Sriracha House and Sushi Sake, amounting to 15 vendors which make Shoma Bazaar one of the premier food, beverage and event destinations in Doral.

“We are elated to welcome four new vendors to Shoma Bazaar, each bringing something different to the space and expanding the destination’s diverse culinary options,” said Stephanie Shojaee, President of Shoma Group. “Shoma Bazaar is known for providing unique dining and entertainment experiences to the city of Doral through outstanding quality and service. We look forward to these vendors opening and welcoming guests to create memorable moments together at Shoma Bazaar.”

“Shoma Bazaar is committed to providing high-quality dishes, beverages and experiences to our customers and we know our new vendors plan to do the same,” said Masoud Shojaee, Founder and CEO of Shoma Group. “Shoma Bazaar is constantly evolving to ensure we are providing an incredible experience to our guests. With these four new vendors, we welcome families and friends to enjoy an array of new offerings paired with our incredible existing vendors.”

With a seafood-driven menu, Shuck Boys Oyster Bar offers tasty dishes featuring mouthwatering lobster rolls, flaky crab cakes and most notably, fresh oysters. From charbroiled to raw, the group makes sure to rotate their oysters weekly to provide a variety of the freshest options from the East to the West Coast. Shuck Boys Oyster Bar is opening Friday April 7th.

SNDWCH, which is now open, is home to signature sandwiches and salads that will satisfy every craving. SNDWCH offers bread coming all the way from the iconic Sullivan Street Bakery in New York City. Sullivan Street Bakery sources excellent ingredients, avoids additives and enhancers and shapes every piece of bread by hand. Best Sellers include the Prosciutto Crostini featuring whipped goat cheese, thinly sliced prosciutto, arugula and hot honey to top it off.

Sriracha House, inspired by the streets of Asia and set to open this Spring, cooks up Southeast Asian urban street food with a modern flair. They use the freshest ingredients to create flavorful and balanced cuisine in order to offer the ultimate Pan-Asian experience. Guests can create their very own mouthwatering masterpiece with the DIY noodle bowl or indulge in delicious house favorites such as the Miami Tsunami with poached shrimp and shiitake mushroom or the Sobe Sweet & Sour featuring sweet & sour pork, bell pepper mix, pineapple and Chinese Sweet & Sour sauce.

Iconic Miami sushi outpost Sushi Sake, created by brothers James and Argelio Jr. Aguayo in 2009, is also set to open this spring at Shoma Bazaar. The chic sushi bar offers something for everyone with traditional Japanese cuisine that features an expansive menu of hibachi, teriyaki, sushi and sashimi, as well as delicious homemade signature sauces and a variety of Sake selections.

Founded by award-winning real estate development firm Shoma Group, Shoma Bazaar is an iconic culinary and beverage destination in Doral, home to unique programming and an array of diverse culinary options such as American, Italian, Latin, and Asian cuisine.