PROFILEmiami & MG Developer Present: An Exploration Into Capital Markets Coral Gables

PROFILEmiami and MG Developer are pleased to present ‘An Exploration into Capital Markets Coral Gables’, a immersive panel event exploring capital markets and real estate development in South Florida with an emphasis on Miami’s Coral Gables neighborhood. The evening will include an in-depth discussion on Capital Markets along with cocktails and networking at MG Developer’s Village at Coral Gables sales gallery in the heart of Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about the current and future state of South Florida’s Capital Markets in Coral Gables, one of Miami’s hotbed neighborhoods for business and development. The lavish showroom provides an intimate yet luxurious setting to enjoy cocktails and bites by Coral Gables staple Zucca while networking with some of South Florida’s preeminent real estate leaders. The engaging panel will feature keynote speakers Catie Naranjo, CDO at MG Developer; Scott Wadler of Berkadia, Melissa Tapanes, a partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC; and Ayush Kapahi, Founder at HKS; moderated by Demetri Demascus of PROFILEmiami.

The stunning, state-of-the-art, showroom for The Village at Coral Gables provides a sneak preview into the curated interiors and furnishings that were selected from RH (Restoration Hardware), which have proven their design leadership in the luxury lifestyle market. MG Developer, led by Alirio Torrealba, announced on July 5, 2023 that it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July.

Why Coral Gables?

Coral Gables has been one of Miami’s main business and residential districts since George Merrick first incorporated the city in 1925. Coral Gables is home to the University of Miami, one of the nation's leading private research universities which also features one of the nation’s leading real estate programs. The city began as a Mediterranean-themed planned community known for its historic and affluent character reinforced by its strict zoning, popular landmarks, and tourist sights.

Today it is home to some of the wealthiest zip codes in the US and is also home to the headquarters of American Airlines, Bacardi USA, Kraft Foods, Millicom, Club Med, MG Developer, Danone Americas, The Allen Morris Company, Odebrecht Construction, Inc., Turbana. In the housing market, the median sale price per square foot in Coral Gables is $755, up 20.6% since last year with a vacancy rate of around 4%. Downtown Coral Gables is home to world-class restaurants such as Zucca and Hillstone Coral Gables and the Merrick Park shopping district is currently welcoming a new Louis Vuitton store to its tenant mix.

Attendance is free but space is limited due to venue constraints, so make sure to reserve your spot to guarantee attendance. Register below. - REGISTRATION NOW CLOSED [SOLD OUT]

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

Date: July 25, 2023 | 5:30 - 9 PM

Where: The Village at Coral Gables Showroom, 2990 Ponce De Leon Blvd., Suite 101, Coral Gables, FL 33134.

Panelists:

• Catie Naranjo, CDO at MG Developer

• Scott Wadler, Berkadia

• Melissa Tapanes, Partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC

• Ayush Kapahi, Founder at HKS

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

SPEAKERS

Moderator:

About MG Developer:

MG Developer is a residential property development company based in Coral Gables, Florida. Led by Alirio Torrealba, the firm is a subsidiary of MG Capital, and provides and implements a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. As a member of the Coral Gables community, MG Developer is committed to the beautification of the city and supports its Art in Public Places program, having commissioned original stone sculptures at Balboa Plaza called “A Midsummer Night’s Dream,” which represents an outdoor living area. The firm is an advocate of public exhibitions throughout Coral Gables that enhance the area’s unique lifestyle and design and is also a proponent of philanthropic efforts and organizations that elevate the city’s standard of living, including the Coral Gables Community Foundation and FundaHigado. In 2021 MG Developer, entered the Hialeah market with its first multi-family apartment community called Metro Center. Today, MG Developer is the most active developer in Hialeah, with more than $600 million in development.

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Hosts & Sponsors

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EVENT SPONSORSHIP

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MG Developer And Baron Property Group Reveal $600 Million 'Metro Center' In Hialeah

The Coral Gables-based MG Developer, alongside their partner Baron Property Group (BPG), a New York-based development company, have revealed their plans for a new Hialeah, Metro Center. This $600 million landmark development will comprise nearly 2.3 million square feet of upscale apartments, and retail space between Metro Parc, Metro Parc North, and Metro Parc South, all located in a transit-oriented community in the heart of Hialeah that will revolutionize urban living in the city.

Metro Center is an exciting addition to MG Developer’s growing portfolio in South Florida as the organization has been working closely with the city of Hialeah to realize its vision of a modern transit-oriented community in the city’s emerging urban core.

“We are thrilled to introduce Metro Center to Hialeah,” said Alirio Torrealba, CEO of MG Developer. “These combined developments redefine urban living in the city and provide high-quality housing, seamless transit access, and a vibrant community experience that aligns with Hialeah’s transformation into a forward-thinking Miami that is inspired by its history, culture, and the arts. We are committed to the City of Hialeah and its beautification.”

The developers are adding more than $600 million in value to the destination with the developments of Metro Parc, Metro Parc North, and now Metro Parc South. Metro Center will provide nearly 1,600 attainable contemporary apartments to the City of Hialeah that will be within walking distance of the Metrorail and Tri-Rail Transfer Station. MG’s first multifamily building, Metro Parc, is a 559-unit, 10-story building that broke ground in 2022. Metro Parc North, with 620 apartments will rise next to Metro Parc at 983 East 26th Street and is expected to be completed in 2026. Metro Parc South, a 347-unit building, the latest of MG’s transit-oriented multifamily communities to be unveiled will be located at 954 & 934 E 25th Street and is slated for completion in 2027.

When completed, Metro Center will be considered Hialeah’s modern living lifestyle center that will boast more than 35,000 square feet of ground floor commercial space ideal for restaurants, cafes, boutique shops, health & fitness outlets, as well as a specialty market, all in the heart of Hialeah. It will also be a short distance from Hialeah Hospital, Amelia Earhart Park, Factory Town, and only 15 minutes from Miami International Airport. The entire Metro Center complex is expected to be completed in 2027.

“By transforming a depreciating area into a vibrant residential destination, Metro Center breathes new life into the neighborhood, preserving its character, and creating housing options that reflect its authentic identity,” added Torrealba.

As Hialeah transitions from the "City of Progress" to a "Forward-Thinking" Miami, Metro Center is being designed to cater to young professionals seeking a dynamic lifestyle that is close to parks, dining, work, arts & culture, as well as entertainment venues, while also providing convenient access to the entire South Florida region through efficient train commutes.

A short distance from Metro Center is MG’s Metro Station, a 55-unit building, that is another transit-oriented multifamily community located at 2691 East 11th Avenue.

MG Developer and Baron Property Group’s acquisition of Metro Parc in 2021, marked the start of the MG’s multifamily rental division. MG is committed to fulfilling the demand in the City of Progress for high-quality housing in the area while also giving residents the ability to commute easier and faster.

Under the leadership of Alirio Torrealba, MG Developer is a residential property development company based in Coral Gables, Florida, offering a wide range of real estate services, including concept creation, property site selection, and project advancement. Torrealba has already completed 11 developments and has nearly $1.5 billion in developments in planning throughout South Florida, establishing MG as one of the most active developers in Florida today.

Swerdlow Group and Coastal Construction Top Off Block 55 at Sawyer's Walk in Downtown Miami

The Swerdlow Group and Coastal Construction Group have reached the top floor of Block 55 at Sawyer's Walk, an 18-story mixed-use development in downtown Miami offering affordable housing for low-income seniors. Developed by the Swerdlow Group, Block 55 at Sawyer’s Walk spans 1,400,000 square feet, and features approximately 180,000 square feet of retail space and 120,000 square feet of Class A office space.

The mixed-use property will be anchored by Target and will offer a diverse range of other retailers to serve both the residents and the wider community, including a full-service Starbucks and CVS pharmacy within Target, ALDI Grocery, Ross Dress for Less, Burlington Department Store, and multiple apparel concepts and hard goods.

The first floor will also offer restaurants with outdoor seating. The office space will house the national headquarters of a major global company. All of the space in the building, including the retail, office, and residential, is spoken for. Above the retail and parking levels, Block 55 at Sawyer's Walk will house a senior affordable apartment community, consisting of 578 thoughtfully designed studios and one- and two-bedroom apartments.

Each apartment at Block 55 will feature fully equipped, state-of-the-art kitchens and spa-inspired bathrooms, offering residents a truly premium living experience. The community will provide amenities, including pools, fitness center, and customized services tailored to the needs and preferences of the residents.

"We are thrilled to celebrate this significant milestone,” said Sean Murphy, Co-President of Coastal Construction Group. “We are proud to be a part of their efforts to provide affordable homes that cater to the diverse needs of our residents and the surrounding community.”

Luxury Electric Vehicle Company Lucid Motors Opens Retail Studio At Miami Worldcenter

Lucid Motors, a luxury electric vehicle company producing the state-of-the-art Lucid Air, is now open at Miami Worldcenter, the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. Located at 951 NE 1st Avenue, the nearly 23,000-square-foot space is Lucid’s largest location in Florida. The location includes a Lucid Studio, which allows customers to experience the brand and its lineup of luxury electric vehicles in an environment that underscores the company’s signature design aesthetic. The new state-of-the-art facility also serves as a service and delivery center for the Lucid Air luxury electric sedan, winner of the 2023 World Luxury Car Award.

“Lucid Motors is an innovative leader and its retail studio at Miami Worldcenter provides a showcase for its vehicles and an engaging customer experience. Lucid Motors opening marks another milestone in the ongoing reveal of the enticing array of retail, restaurants and entertainment experiences at Miami Worldcenter,” said Shaul Kuba, Co-Founder and Principal, CIM Group.

Lucid joins a growing roster of newly opened concepts at Miami Worldcenter, including three new food and beverage options by Ariete Hospitality Group’s Michelin-star-rated Chef Michael Beltran, Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar; national retail brands lululemon and Sephora; and the affordable luxury citizenM Miami Worldcenter hotel. Set to open over the next year are additional food and beverage options including Earls Kitchen & Bar and Chicago’s Maple & Ash; dining and entertainment concepts Sports & Social and Bowlero; a permanent location for the world-famous experiential and immersive Museum of Ice Cream; as well as other nationally recognized concepts including Rihanna’s Savage X Fenty, Club Studio, Ray-Ban, and Posman Books.

As one of the largest privately owned and developed urban real estate developments in Florida, Miami Worldcenter, which is currently coming alive in phases, features a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space spanning over 10 city blocks. Approximately 84% of the development’s retail space has been leased.

The project is being developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.

“Downtown Miami has been in need of an innovative luxury automotive brand like Lucid and we’re thrilled to welcome them to Miami Worldcenter,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “The Lucid Studio adds another layer of offerings at Miami Worldcenter, further advancing the vision for a prominent live, work, and play destination in the heart of our urban core.”

Retail leasing at Miami Worldcenter is led by CIM Group, a partner in Miami Worldcenter, and Miami-based The Comras Company. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Comras Company is a leading, boutique real estate firm providing retail leasing, asset sales, consulting, and development advisory services throughout South Florida.

Miami Worldcenter is now home to three completed residential towers – PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami. Additionally, construction is underway at phase one of the 52-story Miami World Tower, which will comprise 550 apartment units; at Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; at the second phase of Caoba, which will encompass an adjacent 40-story tower with 420 apartments; and at The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures.

Planned developments include 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures; a 65-story condo tower with 700+ residential units by New York-based developer Naftali Group; a mixed-use residential and commercial development by Abbhi Capital; and a three-tower mixed-use residential project by The Witkoff Group.

Complementing Miami Worldcenter’s retail streets will be World Square, a 20,000-square-foot outdoor public plaza and park. Designed as a central gathering place, World Square will serve as the heartbeat of the development featuring an abundance of open space, shade trees, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; the newly renamed home of the Miami Heat, the Kaseya Center; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which offers direct train service to Fort Lauderdale, West Palm Beach, and will reach Orlando later this summer, together with access to Tri-Rail, the Metromover, and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

Images via Miami Worldcenter

Terra and Lion Development Group Acquire Midtown Development Site For $40 Million

A joint venture between leading Miami-based developers Terra, led by David Martin, and Michael Simkins’ Lion Development Group, has closed on the $40 million purchase of a prime 1.6-acre piece of property located at 3501 NE 1st Avenue in Miami. Plans call for an iconic luxury condominium tower designed by Miami-based architect Arquitectonica and international design studio Yabu Pushelberg set to rise at the nexus of Miami’s most in-demand neighborhoods, including the Design District, Midtown, Wynwood and Miami Beach. The joint venture has secured $30 million in financing from Metropolitan Commercial Bank, which will provide for the acquisition of the property and fund initial site development in advance of the project’s groundbreaking in 2024. Completion is estimated for 2026.

“Terra has long been committed to promoting design excellence and connectivity, so the opportunity to develop a tower at the gateway to the Design District, which has come alive as one of South Florida’s most walkable neighborhoods, is appealing. This tower will cater to residents who want to live steps away from world-class shopping, dining, and arts and entertainment – and minutes away from Miami Beach,” said David Martin, CEO of Terra.

“Here at Metropolitan Commercial Bank, we lend to best-in-class sponsors who are battle and time-tested experts in their asset class. We help them create and sustain generational wealth by understanding exactly how they create value, and by structuring our transactions to maximize this value creation. Terra has been on the front lines of reinvigorating some of the city’s most desirable neighborhoods for more than a decade now. We saw a great opportunity to help the firm acquire the last remaining undeveloped parcel in the Midtown Miami PUD. We are proud to add David Martin and Terra to our Florida sponsor roster,” said Manuel Vidal, Florida Market Manager for Metropolitan Commercial Bank.

Terra’s portfolio of luxury developments across South Florida includes Five Park, a 48-story residential tower rising at the entrance to Miami Beach; the two-tower Mr. C Residences Coconut Grove, which is nearing completion later this year; THE WELL Bay Harbor Islands, a wellness-focused mixed-use property planned for Miami’s Bay Harbor Islands with 54 luxury residences and 80,000 square feet of class A office space; and Villa Miami, a 55-story waterfront tower planned for Miami’s Edgewater neighborhood with roughly 50 full-floor residences.

Lion Development Group is led by Michael Simkins, one of the visionaries behind the E11EVEN brand and one of the largest property owners in Miami. Michael Simkins is leading the redevelopment of several distinct neighborhoods in South Florida and is currently developing E11EVEN Hotel & Residences, E11EVEN Residences Beyond and West Eleventh Residences.

Museum of Ice Cream Set To Open Permanent Location In Miami Worldcenter In Early 2024

Get ready to satisfy your sweet tooth, as Museum of Ice Cream (MOIC), an inclusive and interactive environment dedicated to all things ice cream, is gearing up to open a permanent Miami location in early 2024. Known for its whimsical exhibits that energize the senses, MOIC will return to the Magic City at the new Miami Worldcenter development in the heart of Downtown Miami, located steps from Miami’s Kaseya Center, home of the Miami Heat.

In 2017, MOIC appeared in Miami Beach as a limited-time pop-up that was scheduled to last only two months, but created such high demand that it was extended several times, lasting a total of six months. In November 2022, it returned for one weekend as an ice cream paradise pop-up pool party at the adults-only boutique property, Hotel Greystone.

MOIC’s new 14,000+-square-foot permanent location at Miami Worldcenter will be designed by the MOIC in-house team, along with the use of AI technology, bringing the same sense of child-like joy and wonderment experienced at MOIC’s previous highly successful pop-ups.

The multi-platform, immersive experience will span two floors transporting guests into a world of surprise and delight, fostering human connection through the shared love of ice cream. It will feature 10 unique, interactive installations inspired by the energy and vibrancy of Miami, including the Cream Liner, a luxury airliner experience inspired by the 60s and 70s; Mary-E’s Diner, a retro-futurism inspired hub and gathering place for ice cream-themed drinks and food; and The Hall of Freezers, an exploratory space filled with dozens of mysterious refrigerator doors that are sure to peak curiosity; and of course, MOIC’s iconic sprinkle pool. A feast for all the senses, guests will enjoy unlimited sweet treats from five stations during a 60-90 minute journey, led by talented #TeamMOIC performers.

“We’re thrilled to have a permanent home for Museum of Ice Cream in Miami,” said Museum of Ice Cream Co-Founder and CEO, Maryellis Bunn. “Miami is a vibrant city known for its culture, love of fun, and artistic creativity. We’re excited to join the city’s growing Downtown, surrounded by popular destinations like the Wynwood Arts District, the Design District, and the Brickell Financial District. It is such a natural fit for us as we continue to grow and expand, and we can’t wait to share our playful and interactive exhibits with the local community and visitors from around the world.”

Miami Worldcenter is a new $6 billion mixed-use destination in Downtown Miami. The 27-acre development spans ten city blocks with a diverse mix of residential, commercial, and hospitality uses complemented by an array of retail, restaurant, and entertainment options.

“Such a fun and unique concept like Museum of Ice Cream will without a doubt be a treat for Downtown Miami locals and visitors alike,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “The Museum will not only enhance the city’s status as a global arts and culture destination but will also be a wonderful complement to Miami Worldcenter’s various entertainment options. We are thrilled to become the home of Museum of Ice Cream’s first permanent Miami location.”

“Museum of Ice Cream has set a new standard for creative experiences at a time when people are drawn to places where they can find innovative and memorable activities,” said Shaul Kuba, Co-Founder and Principal, CIM Group, partner in Miami Worldcenter and leader of CIM’s leasing platform. “Through our work with Museum of Ice Cream at other locations, we have seen first-hand the allure of the Museum and its contagious positive energy.”

Slated to open in early 2024, MOIC will debut at Miami Worldcenter at 851 NE 1st Avenue (Unit #134) along the development’s pedestrian promenade between 1st and 2nd Avenues.

Renderings via Museum of Ice Cream and Miami Worldcenter

Related Group and LNDMRK Acquire Three-Parcel Site In Edgewater For $12 Million

The Miami-based Related Group, along with partner Alex Karakhanian at LNDMRK, have acquired 18,000 sq. ft. land parcel encompassing three adjoining sites in Miami’s Edgewater neighborhood. Located at 519, 525, and 535 NE 29th Street, the land overlooks Biscayne Bay and provides easy access to MacArthur Bridge, connecting Edgewater to Miami Beach, and to I-195, leading north to Fort Lauderdale and Palm Beach. Related and LNDMRK paid $12 million for the largely undeveloped site.

“Related identified the growth potential of Edgewater years ago, when we delivered the transformational, four-tower Paraiso Bay community along with Edgewater’s first five-star waterfront restaurant, Amara at Paraiso,” said Nick Perez, President of Related’s Condominium Division. “Edgewater offers it all- prime waterfront views, world-class culinary offerings, and easy access to other key hubs, from the Design District to Miami Beach. This newest acquisition is another step forward in our efforts to solidify the area as a true hot spot.”

“We’re thrilled to announce our acquisition of this premier property in Edgewater,” said Alex Karakhanian of LNDMRK Development. “We look forward to expanding our relationship with Related, who is also our partner on two other nearby projects, The Dorsey and NoMad Residences Wynwood.”

The seller, PPD Edgewater LLC was managed by Esteban Koffsman for the deal, and brokers Joel Rodriguez and Alex Suarez of Global Investment Realty brokered the transaction. LNDMRK Development is a principal based real estate company that primarily focuses on sourcing, acquiring, and developing commercial, residential, and mixed use projects throughout the Southeastern United States. Related and LNDMRK continue to pursue additional joint opportunities throughout South Florida.

Breakwater Hospitality Group Reveals Regatta Grove Star-Studded Culinary Line-Up

Breakwater Hospitality Group is set to open its newest concept, Regatta Grove, later this month. Situated along Biscayne Bay in Coconut Grove at the new Regatta Harbour development, the community gathering spot will come to life with exceptional activations, groovy music and lofty waterfront views that together offer a relaxed, yet elevated experience. A star-studded lineup of culinary outposts by Michelin-starred and James Beard Award-nominated chefs will line the perimeter of the city’s next hotspot, set to become the place to be for the quintessential Coconut Grove experience. Industry powerhouses and co-founders of Breakwater Hospitality Group, Emi Guerra and Alex Mantecon, are excited to expand their presence along the east coast, offering unforgettable and unparalleled entertainment venues in South Florida.

Three large bars will feature a wide selection of premium spirits, wine and beer, ensuring that guests can find the perfect beverage to suit their taste. In addition to the extensive offering of premium beverage brands, Regatta Grove will primarily focus its beverage program on an extensive list of refreshing, tropical cocktails and large format drinks made to share, all crafted with fresh fruit to compliment the open-air setting.

“Regatta Grove is a one-of-a-kind concept and a special opportunity for our team to bring a fresh perspective on waterfront entertainment to South Florida,” says Emi Guerra, co-founder of Breakwater Hospitality Group. “Breakwater Hospitality Group’s goal is to continue elevating entertainment experiences while bringing innovative activations, creative beverage programs and chef-driven dining concepts together in one convenient location. Regatta Grove is an evolution of our current concepts, remaining in line with our company’s purpose and identity. We are excited to welcome guests to experience all Regatta Grove has to offer this summer. ”

A diverse array of food offerings will showcase each chef's unique perspective and expertise to create an experience second to none. Regatta Grove’s culinary outposts led by renowned chefs include:

JJ's (Guilty Pleasures) by Chef Jeremy Ford: JJ's (Guilty Pleasures) is named after the fast food and guilty pleasure items that Chef Jeremy Ford and his mother used to enjoy together. The menu consists of delicious burgers, including a mouth-watering fried soft-shell crab burger that's sure to be a hit with seafood lovers. In addition to the burgers, there are tacos, savory truffle fries, and crispy onion rings. Chef Jeremy Ford is a winner of Top Chef Season 13, a host on TV Show Fast Foodies and was recently awarded a Michelin Star for his renowned restaurant, Stubborn Seed.

The Piefather by Chef Jose Mendin: The Piefather is a pizza and Italian restaurant concept, created and curated by five-time James Beard award-nominated Chef Jose Mendin. Each pizza is inspired by a passion for creating unique, flavorful dishes. In line with those strong values that separate The Piefather from the average pizza shop, every item on the menu is crafted to make diners feel like a true part of the Piefather family. Quality is at the core of every pizza crafted, with quality ingredients being the pillar of an unforgettable pizza. Whether it’s the signature house-made “Don” specialty sauce, imported Italian toppings or the original fresh dough, every dish is infused with passion, imagination, and attention to detail.

Sunny Side Aussie Bites + Ice by Chef Janine Booth: Janine Booth, a Top Chef veteran and James Beard semi-finalist nominee transplanted from down under, cooks up native Australian bites in this sun-soaked waterfront cafe with love. A flavor-packed menu will feature savory Aussie pies, sausage rolls and empanadas, as well as healthy dishes like avocado toast, sunny salads and vibrant ripe fruit-filled sorbets and ice creams.

House of Birds & Drop Biscuits by Chef Kenny Gilbert: At House of Birds, guests can indulge in Signature Fried Chicken and Artisanal Drop Biscuit Sandwiches, along with an assortment of delicious salads and sides. The signature dish features Chef Kenny Gilbert’s original Classic Chicken Sandwich paired with the mouthwatering Flavor Bomb Sauce. Chef Gilbert's impressive credentials include being a finalist on Season 7 of Top Chef, as well as publishing his highly acclaimed cookbook, Southern Cooking, Global Flavors.

Tackle Box by Chef Jeff McInnis: A native Florida fisherman turned chef, Jeff McInnis cooks up local seafood in this waterfront fish shack with a view. From local fish tail sliders to chilled stone crab and caviar, you’ll be humbled with the freshest and best that the good ol’ Florida coast has to offer. As a Top Chef veteran and James Beard semi-finalist nominee, Chef McInnis brings his culinary expertise and knowledge to every dish he creates.

These outposts have been curated by and will be operated by CEOs and co-founders Francesco Balli and Ignacio Garcia-Menocal of Grove Bay Hospitality Group. The group is notably behind award-winning venues such as Stubborn Seed and Red Rooster Overtown, among others across South Florida, and brings an A-list roster of chef partners to craft stellar concepts at Regatta Grove.

“What sets Regatta Grove apart from any other venue in Miami is the uniqueness of its location,” said Alex Mantecon, co-founder of Breakwater Hospitality Group. “The venue is inspired by the essence of the sailing and boating community we all grew up enjoying in the neighborhood. As Miami locals, we have an immense appreciation for this community and wanted to create a one-of-a-kind experience that will resonate with the people of Coconut Grove.”

Regatta Grove encompasses approximately one acre, including three large outdoor bars and 412 seats with a total capacity for 981 people standing and seated. The nautical-themed concept takes inspiration from Florida’s coast, and the venue itself has been designed to resemble the bow of a boat. The space is surrounded by green lawn areas for a variety of new entertainment and wellness programming. The venue features multiple decks, a walkway to the waterfront, direct access to the marina and dockage for guests who would like to arrive by boat. Regatta Grove was designed by John Cardello from Cube 3, with finishes designed by Hexecute.

Regatta Grove is located at 3415 Pan American Drive, Miami, FL 33133 at Regatta Harbour.

Images and Renderings via Breakwater Hospitality Group

E11EVEN Partners and PMG Break Ground On E11EVEN Residences Beyond In Downtown Miami's District 11

Developers PMG and E11EVEN Partners have broken ground on E11EVEN Residences Beyond, part of the E11EVEN Hotel & Residences Miami development, an ultra-luxury, dual-tower development located in Miami’s District 11. Located at 90 NE 11th St. in the newly expanded entertainment destination, the E11EVEN Hotel & Residences Miami project has taken Miami by storm, continuing to break sales records and offer a unique experience to buyers unlike anything the community has ever seen before. E11EVEN Partners Marc Roberts, Michael Simkins, and Dennis DeGori and PMG partners Ryan Shear, Kevin Maloney and Dan Kaplan are the developers of the E11EVEN Hotel & Residences development.

“E11EVEN Residences Beyond’s groundbreaking marks a crucial next step in constructing the future of District 11,” said Michael Simkins of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “This incredible property offers residents an optimized lifestyle unlike any other in Miami, featuring top-notch dining, elite services, and lushly appointed residences all within one highly energized location. Once built, it will set the standard for ultra-luxury living and entertainment districts across the country.”

This groundbreaking comes on the heels of recent announcements at E11EVEN Residences Beyond including the addition of The Clayton, an ultra-premium $25 million private social and cigar club, and the recent expansion of the tower to offer additional units for sale and more amenity space, which was made possible by an incredibly high demand for these residences and record-breaking sales success across the dual-tower development as a whole.

E11EVEN Hotel & Residences’ first tower also recently announced Riviera Dining Group will join its extraordinary lineup of offerings with a second-floor restaurant with a ground-floor escalator entrance for direct access, as well as an upscale lounge and private membership club located on the tower’s rooftop.

“The groundbreaking of E11EVEN Residences Beyond is a monumental milestone for PMG and E11EVEN Partners,” said Ryan Shear, Managing Partner of PMG. “From its inception, E11EVEN Residences Beyond has carried a tremendous amount of buyer excitement and energy with it. From the private helipad to the stellar hospitality concepts like The Clayton, the caliber of offerings is unlike any tower in South Florida.”

“E11EVEN Residences Beyond places buyers in the epicenter of District 11, exposing them to the amazing business opportunities, high quality of life, and unparalleled 24/7 entertainment expected of Miami living,” said Marc Roberts of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “We cannot wait to further cement this project’s status as a premier ultra-luxury residential development in Miami’s most coveted neighborhood.”

Centrally located in Downtown Miami’s District 11, E11EVEN Residences Beyond and 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.

Amenities for E11EVEN Residences Beyond and 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 the E11EVEN Beyond Members Social Club and private facilities only available to residents of the second tower including a helipad, a signature restaurant, fully staffed executive office suites, and a state-of-the-art fitness center, as well as the expanded resort-style pool.

“In all my years in the industry, I have never seen a residential building secure buyer attention and surmount previous standards of luxury living and day-round entertainment like this one has,” said Dennis DeGori of E11EVEN Partners. “The E11EVEN brand is committed to creating unique and captivating experiences, and it is safe to say that the two towers of E11EVEN Hotel & Residences Miami live up to this namesake with amenities like a day club, night club, and signature restaurants all at one’s doorstep. PMG and E11EVEN Partners have truly outdone themselves here with this one-of-a-kind, world-class building.”

Renderings via ARX Solutions

FIRST ON PROFILE: Swire Properties Reveals One Island Drive Including 'The Residences at Mandarin Oriental, Miami' Set To Rise Over 800' On Brickell Key

FIRST ON PROFILE: Swire Properties has revealed the first official details of One Island Drive, an unparalleled residential and hospitality destination set within a secluded island sanctuary moments from Miami’s vibrant urban core. Surrounded by waterfront vistas, One Island Drive will be one of the crowning achievements of Swire Properties’ portfolio of world-class properties and is destined to be a defining landmark on the Miami skyline.

Located at the southernmost point of Brickell Key, the exclusive island community that Swire Properties has been developing for over 40 years, One Island Drive will be an oasis of calm, featuring two architecturally spectacular towers. The first tower, consisting of ‘The Residences at Mandarin Oriental, Miami’ and rising to over 800 feet, will feature an exquisite collection of 220 two-to-four-bedroom private homes with expansive floorplans of up to 4,700 square feet and two exclusive duplex penthouses at the top of the building, each spanning over 6,000 square feet. Approximately 400 feet tall, the second tower will feature the next iconic North American Mandarin Oriental hotel with 151 guest rooms along with 61 private Residences and 28 hotel Residences.

“Swire Properties has been headquartered in Miami for over 40 years, and in that time, we are proud to have transformed Brickell Key into one of the most sought-after locations in the city. With One Island Drive, we have taken the last prime waterfront site and created an island sanctuary that will be a destination for connoisseurs of luxurious design, intuitive service, and meticulous craftsmanship. Destined to become Miami’s most coveted condominium address, One Island Drive pairs intricately designed interiors with expansive private outdoor spaces that offer unmatched views of Biscayne Bay and the glittering skyline. With all the glamour and excitement of Miami, including convenient access to the city, One Island Drive offers the ultimate privacy for residents and guests. Surrounded by natural beauty, sparkling waters, and majestic vistas, there is no other location in Miami that provides what we are creating at One Island Drive,” said Henry Bott, President of Swire Properties Inc.

Offering panoramic views of Biscayne Bay, each tower will be connected by an expansive, resort-style podium with over 100,000 square feet of unrivaled amenities including a collection of multi-tiered, landscaped infinity swimming pools blurring the lines between land and sea, private cabanas, executive work lounges, private dining rooms with chef kitchens, world-class restaurants, a signature spa, and state-of-the-art health and wellness facilities. Envisaged as a tropical Eden, the abundance of greenery throughout the development will create a natural canopy of color and texture and feature an extension to the beloved Brickell Key baywalk.

One Island Drive will be a beacon of understated luxury on the waterfront, and a first-of-its-kind collaboration brought to life by an award-winning global design team, each at the forefront of their respective fields. Kohn Pederson Fox Associates (KPF) will envision the bold exterior architecture that will redefine the skyline; Parisian designer Tristan Auer will bring his rich aesthetic vision to The Residences’ interiors; AD 100 and Elle Décor A-List Parisian designer Laura Gonzalez will create the hotel interiors; and renowned Thai firm Shma will lead the landscape architecture. This represents the first new development commission for Auer, Gonzalez and Shma in the United States.

“We are delighted to carry on our longstanding relationship with Swire Properties as we embark on our second iteration of outstanding hospitality within Miami,” said James Riley, CEO Mandarin Oriental Hotel Group. “Twenty-three years ago, Swire and Mandarin Oriental Hotel Group joined forces to open Mandarin Oriental, Miami, forever elevating the level of hospitality in the destination. With One Island Drive we will do it again, offering residents and hotel guests the highest level of service, accommodation, and luxury amenities, all of which are synonymous with the Mandarin Oriental brand.”

One Island Drive will be the first residential property to be built on Brickell Key in the past 15 years and represents the final opportunity to own a new residence on the island. Pricing to start from $3,500,000 when sales launch in late 2023.

Swire Properties has played a leading role in developing the neighborhood of Brickell and has created a new center of gravity in Miami with the development of the $1 billion, 4.9 million square feet, mixed-use development, Brickell City Centre, located across the causeway from One Island Drive.

Renderings via Binyan Studios