SHVO Locks Down $190 Million In Financing For The Raleigh Hotel & Residences, Miami Beach

SHVO, the ultra-luxury real estate development and investment firm led by Michael Shvo, has secured $190 million in new financing for The Raleigh Hotel & Residences, Miami Beach, a significant milestone in the next chapter of the iconic art-deco storied property. The loan, provided by BH3 Debt Opportunity Fund II, L.P. led by BH3 Management through its opportunistic credit platform, and facilitated by Walker & Dunlop's New York Capital Markets team, closed earlier this week. Construction is well underway and the property is on-track to open in 2026.

With a total investment of approximately $1 billion, including a substantial equity contribution of over $300 million, the restoration and expansion of The Raleigh by SHVO, in partnership with Deutsche Finance America and a group of German institutional pension funds,represents one of the single largest investments in Miami Beach and serves as a testament to SHVO’s commitment to bringing world-class design and architecture to the city.

Located on 1775 Collins Avenue and situated on an unprecedented three-acre oceanfront parcel, the return of The Raleigh will redefine Miami Beach's historic Art Deco district. The design, helmed by acclaimed architect Peter Marino in collaboration with Miami-based Kobi Karp Architecture, will feature a 60-suite full-service hotel managed by Rosewood Hotels & Resorts, a separate 17-story oceanfront tower with 42 Rosewood-branded residences, and a private member’s club with Michelin-starred dining concepts.

“As we proceed with our meticulous restoration of The Raleigh, we continue to be inspired by its legacy of elegance, glamour and sophistication,” said Michael Shvo, Chairman and CEO of SHVO. “Our new financing will allow us to honor the historic significance of The Raleigh while ushering it into a new era of refined luxury, creating an unparalleled hospitality experience for generations to come.”

“BH3 is pleased to provide the financing for the first stage of construction for SHVO’s plan to restore and revive the iconic Raleigh property in Miami Beach,” said Gregory Freedman of BH3 Management. “Between SHVO’s track record of execution on other marquee luxury projects, the best-in-class team that has been assembled, including Rosewood and Peter Marino, and The Raleigh’s historic relevance and design, this will be a transformational project for Miami Beach.”

“This transaction underscores the reality that despite today’s challenging capital markets environment, liquidity remains readily available for proven sponsors determined to develop unique assets in established markets,” said Aaron Appel, Senior Managing Director and Co-Head of the New York Capital Markets team at Walker & Dunlop. “The collaboration between SHVO, Peter Marino and Rosewood Hotels & Resorts ensures that upon delivery, The Raleigh will be a truly market-defining project and a welcome addition to the rapidly changing landscape of Miami Beach.”

Related Group And Rockpoint Sign Leases With Three New Retail Tenants At Manor at Miramar

Related Group, Rockpoint, and JLL have signed leases with three retail tenants at the new, mixed-use development Manor at Miramar now under construction in the heart of Miramar, Florida. Crema Gourmet, Sweat440, and The Spot Barbershop are the first retail tenants announced at the project located at 1 Main Street in Miramar where approximately 17,600 square feet of ground-level retail space remains available for lease. The property is expected to welcome residents and commercial tenants by the year’s third quarter.

JLL Senior Vice President Jonathan Rosen represented ownership in the lease negotiations.

“Since the project’s inception, we wanted to ensure Manor at Miramar offered a variety of retail services that would better the experience of residents and the surrounding community,” said Related Group’s, Senior Vice President of Development, Jessica Melendez. “With the addition of these three tenants, customers will be able to enjoy everything from a local food and beverage favorite to fitness and cosmetic services.”

Offering a wide ranging menu of delicious options from espressos to salads and bowls, Crema Gourmet Espresso Bar will be located on the corner of Main Street and Red Road taking 2,700 square feet of space on the ground floor. Since 2012, Crema Gourmet has quickly become a local favorite with fantastic coffee, juices, smoothies, salads, sandwiches, pasta, wine, beers, and more. Open seven days a week, the fast-casual spot focuses on finding gourmet ingredients that are carefully curated and fresh.

SWEAT440 is a dynamic 40-minute workout concept designed for beginners and experienced fitness enthusiasts alike. The boutique fitness studio will be taking 3,200 square feet at the development and offers one of the most convenient group fitness options with 40-minute, four 10-minute station classes are HIIT circuits: short, intense bursts of exercise with brief periods of rest to maximize calorie burn – and sweat.

Established in 2001 and growing rapidly with 20 locations, The Spot Barbershop will occupy 1,500 square feet along the project’s pedestrian walkway fronting the Miramar City Hall Promenade. From hot towel shave treatments to hip haircuts to straight razor shaves, The Spot Barbershop offers classic grooming services in a modern setting with skilled stylists combining superb service, a relaxed and sophisticated classic style into an experience where the goal is to make customers feel great and look even better.

The eight-story, luxury rental Manor at Miramar will feature 393 residential units ranging from studios to three-bedroom layouts. The project has 134 dedicated retail parking spaces comprising 23 on-street parking spaces, 53 parking spaces in a surface parking lot fronting Red Road, and 58 structured parking spaces dedicated to retail. Additional free parking is available in surrounding public parking garages. Related Group expects move-ins to begin by December 2023.

“Miramar is quickly becoming one of South Florida’s most sought-after retail submarkets,” said JLL’s Rosen. “Manor at Miramar is the ideal option for retailers looking to have an established residential base right upstairs and also benefit from the great foot traffic brought by the nearby Miramar Town Center.”

Since 1979, Related Group has enhanced skylines with real estate development characterized by innovative design, enduring quality and inclusive living. From luxury high-rise condominiums to more accessible developments, the Related Group’s distinctive brand of culture, design and lifestyle-infused properties continues to revitalize urban neighborhoods.

Inside 'An Exploration Into Capital Markets Coral Gables' Presented By PROFILEmiami & MG Developer

On Tuesday July 25, 2023 PROFILEmiami teamed-up with MG Developer to present ‘An Exploration into Capital Markets Coral Gables’, bringing an immersive panel and cocktail event exploring capital markets and real estate development in South Florida to the beautiful ‘Village at Coral Gables’ showroom. The relaxed and open setting featured cocktails courtesy of MG Developer and food from Coral Gables staple restaurant, Zucca, while attendees networked with industry leaders one of Miami’s hotbed neighborhoods for business and development.

The engaging panel featured 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. Topics explored included current environment of capital markets, the difficulties behind financing projects in todays market, the process a developer undertakes to obtain financing, what lenders are looking for when financing a project and the regulations that surround financing.

The evening was attended by real estate leaders such as Alirio Torrealba, CEO of MG Developer; Daniel De La Vega, CEO of ONE Sotheby’s International Real Estate; Cullen Mahoney, Senior Development & Acquisitions Officer of Continuum Companies; and Danny Schwimmer, CIO of The Allen Morris Company, amongst others.

“It is very challenging right now from start to finish. A developer handles everything from site selection, to marketing, to handling the construction costs, you name it, their ultimate goal is to get to the sales. You have to get to the finish line. The way to do that is to get a project built and capitalized as quickly as possible; and the way to do that right now is to find a project that is able to be built.” Said Scott Wadler of Berkadia.

“Cost of construction has gone up, insurance costs are up 5X, interest rates, cost of capital, both on the debt and equity side, almost everything has kind of ticked up. Lucking in Florida rents and property values have kept pace with the increased costs.” Said Catie Naranjo, CDO at MG Developer.

“Ashe market ages and moves it wants to be behind someone who knows what they are doing. It is no longer a speculative game, whether it is for sale housing or even just rental, it is about execution. It is about getting things done as fast as possible, and it is about having the right team.” Said Ayush Kapahi of HKS.

Attendees also got to explore the stunning, state-of-the-art, showroom for The Village at Coral Gables featuring 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.

Elysee Investments Acquires Retail Property Across From Former Deauville Development Site For $5.5 Million

Elysee Investments, one of Miami Beach’s largest retail owners, $5.5 million sale of 6644 Collins Ave. in Miami Beach, an 8,700-square-foot corner retail property with four tenants. The one-story, freestanding building is located directly across the street from the famed, 3.8-acre Deauville Hotel site, which features 500 feet of beachfront. The Deauville Hotel site has made headlines for years as the famed hotel fell into an unsalvageable state before controversially being demolished. Miami Beach voters then rejected a proposal from Stephen Ross’ Related Companies to develop an Equinox-branded two tower hotel and residential luxury project designed by legendary architect Frank Gehry.

Berkshire Hathaway HomeServices EWM Realty top-producer and Senior Vice President Nelson Gonzalez marketing the property on behalf of the seller. Elysee Investments was assisted by Greg Greer of CRR of South Florida, LLC.

“This property represents tremendous opportunity at the epicenter of one of the area’s most exciting, up-and-coming beachfront neighborhoods,” said Gonzalez. “The building’s value is only set to skyrocket once the Deauville site is purchased and developed into a multi-billion-dollar, ultra-luxe condominium or hotel – which will be transformative for this part of North Beach and its future growth. Just a block from the sand, 6644 Collins Ave. is ideally positioned to capture a heightened inflow of foot traffic and high-end business activity as well-heeled consumers continue to descend on the area.”

All four tenants, Venezia Bar & Pizzeria, Pink Donuts, NoBe Yoga, and Mr. Blendz Barber Shop -- will remain in place.

Images via Luxehunters Productions

Witkoff Group and Monroe Capital Close On Record-Breaking Loan For Shore Club Private Collection

Witkoff Group, a Miami-based development and investment firm, and Monroe Capital, a premier asset management firm, have closed on a $430 million construction loan for Shore Club Private Collection, which is on track to be one of the fastest-selling luxury developments in Miami Beach’s history. Financed by J.P. Morgan, the loan is believed to be the largest for a residential construction project in South Florida. With two-thirds of inventory sold and sales already surpassing $550 million since its late January launch, Shore Club is readying to begin construction later this year for an expected completion in 2026.

“This record-breaking loan underscores the tremendous confidence the market has in Shore Club Private Collection,” said Alex Witkoff, Co-Chief Executive Officer of Witkoff Group. “The project has been leading luxury condominium sales in Miami since its launch, and we are setting a new standard in Miami Beach with prices per square foot consistently over $5,000 and the average home selling for more than $20 million. We’re thrilled to have reached these legendary milestones with such a prestigious investment partner as J.P. Morgan.”

Building on the rich history of Miami Beach’s Art Deco and modernism design style, while also fostering a seamless connection to its iconic location, Shore Club Private Collection will be home to 49 residences designed by award-winning New York-based firm, Robert A.M. Stern Architects. The architect is behind some of New York City’s most successful buildings, including 220 Central Park South and its predecessor, 15 Central Park West. Shore Club will be set on three oceanfront acres with lush botanical gardens curated by renowned landscape architect Nathan Browning of Island Planning Corporation.

The development is the first residential oceanfront project designed inside and out by Robert A.M. Stern and includes a ground-up new building, The Tower, a newly reimagined Art Deco building originally completed in 1939, The Cromwell House, and The Beach House, a signature single-family beach house. Each component relates architecturally yet is artistically distinctive, envisioned to maximize vistas and light with the curvature of each home to deliver a product that does not yet exist in the Miami market. The interiors further this vision, taking inspiration from yacht design and the patterns and movement of the ocean waves and sand on Miami’s coastline. RAMSA collaborated with Miami-based Kobi Karp Architecture & Interior Design on the architecture.

Rising 20 stories, the Tower features two- to six-bedroom residences ranging from 1,900 to more than 10,000 square feet with beautifully curved balconies, over 10-foot ceilings and floor-to-ceiling windows homes. Complete with private and semi-private elevators and private balconies, the Tower offers cinematic views of the Atlantic Ocean and sunsets. The eight-story historic Cromwell House will be preserved and reinvented as four premier residences, including three duplex residences and a penthouse. These homes will be four and five bedrooms featuring two-story great rooms with dramatic double-height ceilings, and the expansive full-floor penthouse. Finally, the Beach House will be the only private home on the oceanfront of Miami Beach and will span 6,000 square feet with three outdoor spaces totaling over 2,180 square feet.

The reinvention of the Shore Club Private Collection is a united vision in partnership with Auberge Resorts Collection. The residences will be serviced by Auberge but will offer privacy and seclusion within the five star resort. The collection of amenities and services exclusive to residents include a discreet porte cochere entrance, three separate swimming pools including a private residential pool, 75-foot lap pool and a leisure pool, state-of-the-art fitness center, library, lounge and other amenities. Auberge Resorts Collection’s one-of-a-kind reputation for intimate tailored service will also extend to the residences with numerous in-home offerings, as well as access to Auberge’s world-class spa, concierge services, housekeeping, beach club and culinary experiences, including in-residence dining, house sommelier services, a signature restaurant, poolside café and bar with dedicated cabana service, double-height café and bar leading to an outdoor lounge, and more.

Pricing at Shore Club Private Collection starts at approximately $6 million. Sales and marketing efforts for the project exclusively handled by Douglas Elliman Development Marketing.

PMG and Greybrook Lock Down $226 Million Construction Loan For Phase 2 Of Society Las Olas

Leading real estate development firm PMG and private equity firm Greybrook have secured $226 million in construction financing for phase two of Society Las Olas, a 42-story apartment community located in Downtown Fort Lauderdale at 140 SW 2nd St. The loan was provided by Related Fund Management and Lubert-Adler. John Moriarty & Associates is the general contractor of Society Las Olas’ second phase, which is currently completing groundwork and is slated for completion in Q1 2026. Society Las Olas’ first phase was sold in 2021.

“The redevelopment of the Riverfront district in Downtown Fort Lauderdale has been a beloved effort by our team. The first phase of Society Las Olas was the flagship property under the Society Living portfolio and established a true community hub, bringing quality residential product to the market, activating the riverfront promenade through stand-out retail tenants, and beautifying the space with extraordinary art installations,” said Ryan Shear, Managing Partner at PMG. “We look forward to continuing the construction of Society Las Olas’ second phase alongside our partners and lenders. Downtown Fort Lauderdale is an immensely desirable destination, and we are confident this second tower will meet strong demand while extending the impact of Society Las Olas as a landmark project for the city.”

The transaction was led by PMG’s Capital Markets team, Andrew Warman, Jon Blank and Paton Marion in coordination with in-house counsels Lowell Plotkin, Lindsay Davis and Scott Buscemi. PMG was represented by Kramer Levin Naftalis & Frankel alongside Saul Ewing.

Designed by FSMY Architects + Planners, the second phase of Society Las Olas Slated will include 563 rental units, offering a blend of traditional units with efficient layouts and “Rent-by-Bedroom,” or co-living options. It also will include 1,625 square feet of ground floor retail space in addition to an impressively vast array of amenities, including a coworking lab with private meeting rooms, a massive pool deck and yoga lawn, and a large modern fitness center. A proprietary mobile app will enable keyless entry and allow residents to manage guest lists and access, adjust smart thermostats, send notifications about packages, manage payments and maintenance requests, and register for community events.

“With the first phase of Society Las Olas having been so well-received as part of the Riverfront’s revitalization effort, we are keen to further advance our phase two plans and complete the project for the benefit of a variety of stakeholders” said Sami Mouaket, Director of U.S. Investments and Developments at Greybrook.

Society Las Olas’ second phase is among a growing national portfolio of Society Living communities in various stages of development. Launched in 2019, PMG created the Society Living multifamily brand to address the insatiable demand for reasonably priced rental housing in the most desirable locations, where neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that encourage personal growth and inclusivity. With over 8,500 units planned, development of Society Living properties is underway in Miami, Atlanta, Orlando, Nashville, Denver and Brooklyn, with more to be announced. With more than 32 years of experience and a nationwide presence, PMG has delivered more than $11B in assets with impeccable attention to execution and detail. PMG is currently developing The Waldorf Astoria Miami, E11EVEN Hotel & Residences, E11EVEN Residences Beyond, and West Eleventh Residences, amongst others.

Diesel Opens New Location In Miami Design District

Diesel has opened a new store in the heart of Miami’s Design District. Located at located at 81 NE 41st Street, the space reflects the brand’s signature bold attitude and its recent transformation under the Creative Direction of Glenn Martens. This store also introduces a new retail design concept that will serve as the visual vocabulary connecting Diesel’s global store fleet.

Envisioned as a fresh, powerful expression of Diesel’s design edge and identity, the store is anchored by a glass façade framed in signature Diesel red with the brand’s red-and-white Biscotto logo. Inside, the 1,900-square-foot space spans two floors, where clients can discover the full breadth of the Diesel collection, including denim, ready-to-wear, bags, shoes, accessories, and fragrance. Additionally, the Miami Design District store will carry a limited-edition, 9-piece capsule collection exclusive to this location. Denim jackets, jeans, heels, and the “D-Vina” handbag feature Diesel’s proprietary “Solarizing” process of replicating sun bleaching denim, while hand-applying a metallic foil to each piece. Tank tops and a mini dress made of rib cotton, also shine with the metallic foil coating, and appear to be purposely wrinkled, for a lived-in look.

Upon entering, guests are immersed in an open industrial space with concrete floors, high ceilings and walls covered in riveted raw metal panels. Some walls are naked silver steel, others are painted red to match the sculptural, modern spiral staircase at the back of the store that connects the first and second floors. Throughout the space, minimalist red leather couches and streamlined silver fixtures create a strong sense of structure with a touch of softness.

The ground floor is dedicated to Diesel accessories like timeframes, jewelry, sunglasses, small leather goods, and the best-selling 1DR bag displayed on silver shelving and smashed metal cases, along with fragrances. The second floor is devoted to the world of Diesel denim (including DNA Denim and Rehab Denim) ready-to-wear, and footwear.

Diesel is an innovative international lifestyle company, founded by Renzo Rosso in 1978. Rooted in denim mastery and evolved into being a leader in premium fashion, Diesel is now a true alternative to the established luxury market. The brand’s collections include apparel, accessories and a wide range of lifestyle collaborations: from fragrances, watches and jewellery, to interior design and real estate projects with Diesel Living.

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.

Images via Diesel

MG Developer Locks Down $67.5 Million Construction Loan For The Village at Coral Gables

MG Developer, led by Alirio Torrealba, announces 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.

Exclusively sold by One Sotheby’s International Realty, The Village at Coral Gables, located at 535 Santander Avenue, is a 48-residence collection featuring: Townhomes, Lofts, Villas, and Flats. The assembly of the project will pay homage to the aesthetic beauty and lifestyle of Seville, Spain, and continue the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.” This new enclave is being created to honor the city’s past while building for discerning buyers looking for modern-day luxurious comforts.

“We are truly excited to now be entering the construction phase of The Village at Coral Gables”, said Alirio Torrealba, CEO of MG Developer. “It’s been a true labor of love, from the initial planning phase to now. I couldn’t be prouder to be partnering with Churchill to provide the financing for this highly anticipated community. We are looking forward to a fruitful and long-term relationship for more projects in the future that will continue to elevate the City of Coral Gables.”

The Village at Coral Gables will be set throughout 17 lots, bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The townhomes, lofts, villas, and flats will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. Inspired by Merrick’s seven villages, The Village at Coral Gables will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and integrate gardens, courtyards, and fountains inspired by the alcoves in the Plaza de España.

“We are thrilled to partner with MG Developer for the financing of The Village at Coral Gables,” added Jeff Rosenfeld who, along with Sean Robertson, Co-Heads Originations at Churchill Real Estate. “MG Developer has a strong track record of delivering exceptional projects, and we are excited about MG bringing this highly anticipated development to life. We are excited to support MG Developer in their commitment to elevating The City Beautiful and look forward to our continued partnership and future projects."

The classic yet modern village will also feature thoughtful recreational amenities that emanate a contemporary and tropical ambiance, and a color scheme that blends natural tones with lush green foliage, and hints of gold décor accents. Featuring a wellness clubhouse of nearly 4,000 square feet, an indoor and outdoor terrace lounge that is ideal for events and gatherings; a fitness wing; a luxurious plunge pool as well as a library and conference center; perfect for residents who enjoy working remotely and are looking for all the office amenities like high-speed wi-fi and a large monitor screen to host virtual meetings and more. The impeccably designed amenity spaces elevate the standard for modern living in historic Coral Gables.

The verdant canopy streets that surround The Village at Coral Gables evoke the serenity of quiet countryside and it feels like living in the suburbs, but residents will enjoy living within walking distance of Downtown Coral Gables. The development is close to the new Plaza, South Florida’s most sought-after golf courses, the new Lowe’s Hotel, the Biltmore Hotel, cultural attractions, and the best dining venues in Miami. With everything The Village at Coral Gables has to offer, combined with its stunning design and lifestyle, it is poised to become the most desired living destination in South Florida.

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. The showroom is open Monday through Friday from 10 a.m. to 5 p.m., Saturdays from 11:00 a.m. to 3:00 p.m., and Sundays from 12:00 to 4:00 p.m. Located at 2990 Ponce de Leon Boulevard, Suite 101. For more information, please visit www.mgdeveloper.com.

MG Developer, led by Alirio Torrealba, is one of South Florida’s most active residential developers having completed its newest project, Althea Row, which nearly sold out in less than 90 days. MG will soon wrap up its Biltmore Square community, as it completes Biltmore Row, the 10 exclusive townhomes featuring a total of 5,561 square feet each, with elaborate coralline-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture.

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Renderings via MG Developer

Reserve to Open World-Class Padel Club at SoLé Mia

Reserve, the leading lifestyle padel brand established by entrepreneur Wayne Boich, in collaboration with SoLé Mia, the 184-acre, master planned North Miami community developed by LeFrak and Turnberry, today announce the anticipated addition of Reserve Padel club to the growing development project, expected to open fall 2024. Serving as the brand’s first permanent location in the world, Reserve Padel at SoLé Mia, will be located at 2251 NE 146th Street and will span approximately 100,000 square feet of land. On the heels of opening successful popups in Miami and New York City’s Hudson Yards, Reserve will redefine the standard of recreational excellence and deliver a world-class sporting experience to the SoLé Mia community.

Featuring four indoor and six outdoor padel courts, two pickleball courts, elevated viewing areas and social spaces, and a second-floor state-of-the-art gym and wellness center, Reserve Padel at SoLé Mia will be a premier, two-story padel club complete with a steam room, sauna, cold plunge, and top-level workout facility. The venue will also house an on-site eatery by South Florida health food hotspot Pura Vida, which will extend a full menu of healthy food and organic juice options for guests and boast an expansive terrace overlooking the central court.

“I am excited to introduce Reserve and the exhilarating sport of padel to a new audience within SoLé Mia, and to establish a first-rate padel club that caters to local residents and visitors,” said Wayne Boich, Founder of Reserve. “SoLé Mia is already shaping up to be one of the city's most vibrant new neighborhoods and the perfect home for Reserve Padel club. This partnership promises to bring the excitement and energy of padel to a whole new level for Miami.”

Jackie Soffer, Chairman and CEO of Turnberry, added, “Reserve Padel at SoLé Mia is an amazing addition to the healthy, active lifestyle we have created. Whether it’s a resident playing on a Wednesday afternoon, a UHealth doctor winding down after their shift, or young players forming a weekend padel team, Reserve is going to be an integral part of SoLé Mia’s resort-caliber experience.”

Reserve Padel at SoLé Mia will open to the public with an added exclusive membership component that will provide specific privileges like priority court bookings, access to special events, and access to the second-floor health & wellness facility. Additionally, the club will play host to special tournaments, events, exhibitions, corporate outings, all level clinics, and curated kid’s programs; and will house two separate pickleball courts within.

Reserve Padel at SoLé Mia will amplify the lifestyle at the master-planned development, a vibrant urban oasis and one of the most desirable new places to live in Miami. The community is centered around wellness with sprawling, resort-inspired features such as a seven-acre, swimmable freshwater lagoon, eight miles of jogging and bike paths and 37 acres of landscaped open space. Combining the best of luxury living surrounded by nature and recreational amenities, SoLé Mia is currently home to more than a thousand residents and will have 4,390 residences, 1.5 million square feet of commercial activity including the University of Miami Medical Center’s largest world-class outpatient medical facility, UHealth, as well as a charter school and more when complete.

Fisher Brothers Reveals Wynhouse Miami, Mixed-Use Multifamily Development in Wynwood

Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, today announced the start of construction of Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 square feet of ground floor retail and paseo space and nearly 25,000 square feet of expansive indoor and outdoor amenities.

Located at 2200 NW First Avenue, this highly-amenitized development will transform the thriving Wynwood neighborhood with grand displays of public art across its facade and two public passageways, known as paseos, that will encourage pedestrians to engage with the building, community spaces and ground-floor retail. The project is being built by Suffolk Construction and substantial completion is anticipated for January 2025. $117.5 million in financing was jointly provided by JP Morgan Chase and affiliates of Canyon Partners. Additionally, the company selected Wynhouse Miami for its first-ever offering on CrowdStreet, the online real estate crowdfunding platform. This opportunity is still ongoing.

Wynhouse Miami is Fisher Brothers’ latest multifamily development within its House brand, a collection of highly-amenitized, design-forward properties purpose built to fit into the contextual fabric of the neighborhood in which it resides. Earlier projects completed as part of the House brand include House 39, which features 297 residences in the Murray Hill neighborhood of New York City and Station House, which offers 378 apartments in Washington DC.

“Wynwood is a thriving neighborhood buzzing with energy at any given moment,” said Winston Fisher, Partner at Fisher Brothers. “We are excited to unveil our latest project in Fisher Brothers’ House brand of design-forward residential communities that complement the existing culture and liveliness of the neighborhood with a project of such distinct, innovative character. It’s been a pleasure working with the design team to bring our eclectic vision for Wynhouse Miami to life.”

Designed by ID & Design International (IDDI), Wynhouse Miami’s residences range from 474 to 1,405 square feet and feature a mix of studio, one- and two-bedroom floorplans, along with select penthouse units. IDDI implemented neutral tones with bold, colorful accents within the units’ interiors to complement the artistic, diverse community of Wynwood.

“As a South Florida-based interior design firm specializing in hospitality and multifamily developments, we took a deep dive approach to the design of Wynhouse Miami based on our fundamental understanding of the specific demographics and characteristics of this unique market,” said Sherif Ayad, President and CEO of ID & Design International. “This intimate knowledge of the Miami lifestyle resulted in modern residences that reflect the one-of-a-kind, inspired vibe of Wynwood.”

Building architect Nichols Architects meticulously examined Wynwood’s existing culture and rich history while designing the project. Known for its captivating graffiti street art, the Wynwood neighborhood has evolved from an abandoned warehouse zone into a thriving district with hidden entrances, surprising corridors and a network of connected alleyways – elements that became the starting point for the design of Wynhouse Miami. Nichols Architects incorporated two paseos that will enhance the pedestrian experience and increase connectivity for the neighborhood by allowing residents and the public to flow through the ground-floor community spaces and enjoy the retail offerings.

“The project pays homage to the industrial, craft-oriented nature of the historic neighborhood,” said Andrew James, Principal of Nichols Architects. “At the same time, the contemporary identity of Wynwood is being reinforced by the paseos, which will enhance the pedestrian realm, and the application of art throughout the development, which integrates a special emphasis on how the art will be perceived from the street and surrounding area.”

Wynhouse Miami will feature thoughtfully-curated indoor and outdoor amenities designed by award-winning interdisciplinary architecture and design firm Rockwell Group to emulate the bustling arts and culture scene in Wynwood. Located on the lobby, second floor and roof, the building’s amenities are active spaces that will enhance the lifestyle of residents, acting as an extension of their homes. Upon entering the lobby level, residents will be greeted by an eclectic and artistic lounge. The second floor features a lawn area, fitness center, co-working lounge with meeting and individual conference rooms, entertainment lounge, creative lounge and expo kitchen, all of which are connected by a multi-story, indoor-outdoor courtyard that will be wrapped with planters and seating to create a peaceful sanctuary for residents. On the rooftop, residents will enjoy a pool, spa, outdoor entertainment space and barbeque area, boasting sweeping views of the exciting surrounding neighborhood and the nearby skyline of Downtown Miami.

"Wynwood is like a contemporary art museum turned inside out,” said David Rockwell, Founder and President of Rockwell Group. “We wanted to bring the energy and creativity of the streets into Wynhouse Miami, with a celebration of industrial materials that link the lounges, bars, and courtyards to the history of the area."

“Wynwood is one of the largest and most prominent creative communities in the United States that has undergone a transformation over the past few years. We are thrilled to welcome a new project to continue to shape the neighborhood’s next chapter that pays homage to its unique and distinct character,” said Manny Gonzalez, Executive Director of the Wynwood Business Improvement District.

National enterprise and builder Suffolk was chosen for its successful track record on complex and sophisticated projects and its reputation as a respected and successful general contractor in Florida. Known for its client service and diversification across sectors, Suffolk is an industry-leader in innovation and leveraging new technologies that elevate the construction process and contribute to more predictable outcomes.

“We are excited about our collaboration with Fisher Brothers and our partners as we transform the vision of this project into reality,” said Jay Fayette, President of Suffolk East Coast Florida. “Our team is thrilled to implement Suffolk’s unique approach to construction and sophisticated technologies to help deliver a seamless and predictable project for our client and a mixed-use building that will make the community proud.”

Fisher Brothers has a longstanding commitment to delivering innovative, thoughtful developments that celebrate and enhance the community’s character. Wynhouse Miami represents this tradition and is reflective of the firm’s active expansion to key markets throughout the U.S. Recently, the firm announced that the AREA15 district in Las Vegas, home to immersive retail and entertainment, will expand by 20 acres, anchored by a year-round, horror themed attraction from Universal Parks and Resorts.

Renderings via Fisher Brothers