Terra Breaks Ground on The Well Bay Harbor Islands

Miami-based real estate developer Terra, led by David Martin, and Internationally-acclaimed wellness brand, THE WELL, have broken ground on THE WELL Bay Harbor Islands located at 1100 Kane Concourse in Miami’s Bay Harbor Islands. The groundbreaking took place on October 9th with the residences already at 50% sold. THE WELL Bay Harbor Islands is an eight-story luxury residential building with 54 bespoke residences for sale, more than 22,000 square feet of amenities, including a state-of-the-art fitness and wellness center and a 4,000-square-foot signature food and beverage establishment. The project also includes a class A office building totalling 102,000 square feet across a lobby, four floors of offices, and the rooftop. THE WELL Bay Harbor Islands is the nation's first THE WELL-branded condo and office project and is designed to support the ultimate holistic, 360-degree wellness lifestyle. Douglas Elliman Development Marketing is exclusively handling the marketing and sales for the residences, with prices starting at $1.2 million.

The groundbreaking event took place on October 9, 2023 with guests such as CEO of Terra David Martin, Kane Sarhan Chief Creative Officer of THE WELL & officials from the city of Bay Harbor Islands including Vice Mayor, Joshua D. Fuller and council members Robert H. Yaffe, Isaac Salver, Stephanie Bruder and Molly Diallo. The groundbreaking of THE WELL Bay Harbor Islands signals a significant celebration for Terra and THE WELL in realizing their shared vision of integrating wellness into luxury living and an office environment, and their commitment to pioneering the very first urban wellness community of its kind. Construction is estimated for completion in Q2 of 2025.

Entirely outfitted by THE WELL with interiors by the award-winning Meyer Davis, and architecture by the Miami-based Arquitectonica, the human centric environment takes a holistic approach for uncomplicated wellness. With THE WELL signature approach to intuitive service and thoughtful details, owners and members will be immersed in a restorative environment that integrates into all aspects of everyday living.

“We’re thrilled to commence construction on THE WELL Bay Harbor Islands and deliver an exceptional landmark development for the Bay Harbor Islands community,” said David Martin, CEO of Terra. “THE WELL Bay Harbor Islands will meet growing demand for luxury living and boutique commercial space as more residents and companies gravitate to South Florida, while reviving Bay Harbor Islands’ popular Kane Concourse main thoroughfare. Terra has a long track-record of enhancing communities across South Florida, and we’re delighted to do the same for the village of Bay Harbor Islands.”

“With the attention to our health being greater than ever, we wanted to create a one-stop shop for wellness where people can fully immerse themselves in wellness,” says Rebecca Parekh, Co-Founder and CEO of THE WELL. “We’re excited to break ground at THE WELL Bay Harbor Islands and to create a project that encourages people to make wellness a part of their every day.”

THE WELL Bay Harbor Islands will feature contemporary waterfront condominiums ranging from 924 to 3,291 square feet with thoughtful touchpoints and luxurious amenities that utilize the latest technology to activate all senses. Marrying THE WELL brand’s western and eastern philosophies, the eight-story building is tucked along the canals of Bay Harbor Islands with panoramic views. With interiors envisioned by the acclaimed design firm Meyer Davis, THE WELL Bay Harbor Islands pulls inspiration from the natural wonders of Miami – water, sand and sun – captured through ancient materiality, space and light. The expansive living room will feature an open, light-filled layout, neutral engineered wood floors, lighting dimmers, and power for shades.

The spacious bedroom will have aromatherapy diffusers with calming scents, vetted by expert practitioners from THE WELL. The restorative sanctuary continues in the primary bathroom, featuring a therapeutic soaking tub with wildcrafted herbal venik bouquets to promote deep relaxation and soothe tired muscles, and a recessed dual pressure rain shower. Buyers have the option to add an affusion spa shower to help stimulate the lymphatic system, reducing water retention and increasing energy. A red light therapy panel will be built into the primary closet to offer wrinkle reducing and pain healing therapy at the flip of a switch. The master bathroom will also have a skincare fridge for optimal storage of cosmetics, creams and beauty solutions.

To encourage healthy, at-home cooking, the highly-functional kitchen will be equipped with a Kore™ Workstation Kitchen Sink, known for its seamless design, function and balanced workspace with integrated accessories, and a Grohe blue faucet to offer filtered, chilled and carbonated water options. A self-care space will be integrated into the units through mindful meditation nooks with yoga mats for the optimal at-home wellness experience.

THE WELL Bay Harbor Islands’ state-of-the-art wellness and fitness center will invite residents, members and office tenants to rewind, reset and recharge. Guests of THE WELL are taken on a journey through thermal experiences for the ultimate cleansing and renewal of the mind and body. Featuring Miami’s first caldarium, The Bath will be dedicated to purification using THE WELL body serum activated by water, heat and steam.

Guests will be able to enjoy The Saunarium, delivering an ancient therapy with multi-tiered seating infused with radiating heat and low level humidity to dry the body. The warmest room at THE WELL Bay Harbor Islands, The Halotherapy Steam Room, will similarly support the lymphatic organs and help facilitate advanced detox by emitting soothing aromas of citrus. For guests looking for low but deeply penetrating heat, The Infrared and Sound Dome will combine the healing benefits of infrared heat with therapeutic sound therapy to treat the body at a cellular level — a unique experience designed by THE WELL practitioner team. Guests can additionally enjoy the Energizing Cold Dip experience that widens the arteries, stimulates blood flow, accelerates recovery and boosts the metabolic system.

Treatments in the serene treatment rooms will draw from Eastern healing traditions and cutting-edge science, ranging from Lymph Drainage Massage to Integration Massage to Hyper-Customized Facial. The Fitness Movement Space and Mindful Movement Studio will also offer a robust calendar of both intensive and meditative sessions such as pilates, meditation and yoga to encourage daily movement to support physical and mental wellness.

Additional amenities include two rooftop decks featuring a rejuvenating pool and hot tub that promote holistic health along with a lounge space with private cabanas, chaises and a summer kitchen; a private boardroom to support work-life balance; and a quiet reading room and tea lounge for gathering and reflecting.

In addition to the residential component, The Offices at THE WELL Bay Harbor Islands features class A office space totaling 102,000 square feet across a lobby, four floors of offices, and the rooftop. Tenants will be able to individually design their spaces to fit their needs and help prioritize employees’ physical and mental health with ease. It will reimagine the traditional office lobby into a programmed social space featuring food and beverage service, unique gathering areas, and the ability to book micro treatments by THE WELL.

For an outdoor work experience, tenants will have access to carefully curated community gardens and a rooftop with outdoor meeting areas. The rooftop space will also feature outdoor fitness classes and programming and bathrooms for use after workout sessions in addition to featuring THE WELL Locker, equipped with the latest wellness technology and gadgets, including complimentary Theraguns, red light facial masks and more.

Office users will further benefit from additional outdoor experiences at an elevated landscaped plaza, a controlled access parking garage, office valet, and state-of-the-art security. They will also receive a discounted membership to the state-of-the-art fitness and wellness center, as well as full-service concierge services from THE WELL Team, dedicated private outdoor and indoor classes, access to annual health coaching sessions to guide tenants in creating individualized wellness plans, preferred pricing on treatments and services, and exclusive benefits across THE WELL locations globally.

Blanca Commercial Real Estate is spearheading the office leasing efforts for the project.

Located just west of the world-class shopping mecca Bal Harbour Shops, Bay Harbor Islands is one of the most coveted residential neighborhoods in Miami. The exclusive two-island waterfront enclave is situated roughly two miles north of Miami Beach and neighbors Indian Creek Island, a private island famously known as “Billionaire Bunker” for its roster of celebrity residents. Bay Harbor Islands is renowned for its charming small-town community vibe, proximity to Miami’s poshest retailers and restaurants, and stunning waterfront views. The walkable family-oriented village further offers an abundance of parks and green space, along with access to one of the best public schools in Miami-Dade County.

Images via The WELL Bay Harbor Islands, Terra Group, Michal Bobrowski and Luxhunters Productions

Key International Reveals Plans For Iconic Skidmore, Owings & Merrill (SOM)-Designed Brickell Office Tower

Key International, led by Inigo and Diego Ardid, has proposed concepts to redevelop the firm’s 848 Brickell office building into Miami’s most iconic class-A office tower. Long-time owners of the existing building, Miami-based Key International enlisted the acclaimed and lauded architectural firm, Skidmore, Owings & Merrill (SOM), known worldwide for their peerless designs, including the Burj Khalifa in Dubai and One World Trade Center in New York City. 848 Brickell’s new tower will combine groundbreaking architecture, best-in-class amenities and an emphasis on wellness-oriented programming, setting an unprecedented standard for Miami's corporate landscape.

“It’s no secret that Miami is craving exemplary Class-A office space, but the plans for 848 Brickell will surpass national expectations,” says Diego Ardid, co-president of Key International. “The innovative architectural design will elevate the Miami skyline and the building amenities will be in a class of their own. 848 will truly redefine the notion of ‘coming to work’ in Miami."

Designed as a beacon of architectural excellence, 848 Brickell will propel the city’s transformation into a global commercial hub. The site for the 50-story skyscraper is strategically nestled in the heart of Miami's coveted Brickell neighborhood, steps away from Brickell City Center, and an abundance of world-class dining and retail establishments.

848 Brickell is conceptualized to capture the growing market for high-end office space in Miami with its bold design and wellness-focused programming. Featuring 750,000 square feet of office space, the tower will offer floor plan options that range in size from 19,000 square feet to 27,000 square feet. The dimensions of the floor plates will have optimized lease depths with column-free interiors. Catering to an array of different industries, from legal to tech, finance and more, the uses for the layouts are future-proofed and created to evolve alongside workplace planning trends. Additionally, the building will follow the principles of LEED and WELL rating systems, focusing on both environmental efficiency and occupant well-being. This commitment to health and wellness can be seen in the residence-like balconies which encourage continuous connection to the outdoors. The 40,000 square-foot amenity level will also feature outdoor meeting spaces and lounges, a best-in-class gym, an outdoor walking path, and two regulation-sized Padel courts.

Key International is a global real estate development and investment firm with a strong presence in Florida, Spain and Portugal. Since its inception in 1970, the company has been involved in over $8 billion of diversified real estate transactions, encompassing residential, lodging, office, retail and mixed-use developments. The company's portfolio includes the development of over 10 million square feet of property, comprising more than 6,000 residential units and over 3,300 hotel keys.

The firm has been a driving force in the growth of South Florida’s real estate market as developers and owners of high-profile properties including the Eden Roc Resort Miami Beach, the Marriott Stanton Hotel South Beach and the 848 Brickell Avenue office building. Key International has also led the way as developers of marquee residential projects throughout Florida, including 1010 Brickell, 400 Sunny Isles, Mint and Ivy on the Miami River, The Harbour, Parks at Delray and Waterways Luxury Apartments & Marina in St. Petersburg. As a family-run company, the firm prioritizes owning and operating long-term developments that are community centric and forward-thinking, with a goal of serving cities and inspiring growth.

Skidmore, Owings & Merrill (SOM) is a global practice of architects, designers, engineers, and planners, responsible for some of the world’s most technically and environmentally advanced buildings and significant public spaces. From a strategic regional plan to a single piece of furniture, SOM's designs anticipate change in the way we live, work and communicate, and have brought lasting value to communities around the world. The firm's approach is highly collaborative, and its interdisciplinary team is engaged in a wide range of international projects, with creative studios based across the globe. SOM is a net zero emissions business.

Renderings via Key International

Anatomy Reveals New Miami Beach Flagship Location Set To Open Late 2023

Anatomy, one of Miami’s premier health and wellness brand, is excited to announce the late 2023 opening of its brand-new flagship Miami Beach location at 1212 Lincoln Road. Building on the overwhelming reception to Anatomy’s original location at 1220 20th Street, the brand will be making an exciting transition to an extraordinary one-of-a-kind space, just a few blocks South. The impressive new location, comprises approximately 18,000 square feet of indoor space and another 8,000 square feet of expansive outdoor space, making this Anatomy’s largest facility to date, and the only club of its kind in South Florida. Eager to continue providing a next-level fitness experience for Anatomy’s growing community, the relocation will take place in late 2023.

“The Anatomy team is eager and excited to introduce this new chapter of Anatomy’s evolution within our flagship Miami Beach neighborhood,” said the Anatomy Team. “We are grateful to our team and the community for embracing Anatomy with such passion since we opened our first location in 2014. We are endlessly committed to growing with the needs of our Anatomy family and look forward to welcoming new and existing members to this grand fitness destination.”

Anatomy, influenced by sports performance and the science of strength conditioning, provides its members and guests with a life-enriching community where they can sweat, enhance, and recover in a positive and welcoming environment. Designed by Frossard Fernandez Design, the new 1212 Miami Beach location will feature a dramatic 70-ft glass skylit atrium that will infuse spectacular natural light into the space’s interior. The facility will be equipped with state-of-the-art cardio and strength training equipment, Concept2 machines, and a specialized lower body training section featuring a selection of specialty machines targeting glute development. The new venue will offer expanded group fitness offerings, including Training Camp, Limitless, HardCORE, Booty Blast, The Gun Show, Metabolic Meltdown, and Yoga, as well as a dedicated WeRideTM indoor cycling studio. The location’s expansive open-air outdoor workout area will be equipped with free weights and cardio machines and feature fitness classes and programming, complete with a dedicated track area designed for sprinting.

Designed to enhance members’ fitness levels, the club will provide access to Anatomy’s exclusive personal training system, led by expertly trained Body Architects. Furthermore, within the facility, you’ll find ‘The Sanctuary’ – an integral part of Anatomy’s identity – offering advanced recovery and revitalization services that include multiple hot and cold plunges, an infrared sauna infused with Himalayan salt therapy, and a soothing eucalyptus steam room. Moreover, members will have the opportunity to utilize cutting-edge assessment tools such as In-Body Testing and vo2max, which provide insights into metabolic rate and biological age. A VitaSquad Vitamin IV Lounge will also be offered, accompanied by an expanded retail section, pre and post-workout lounge areas where guests can unwind, take calls, get some work done, and easily accessible on-site parking that will be complimentary for a duration of 2 hours.

“We are thrilled to partner with Anatomy on its new Miami Beach flagship location,” said Marisa Galbut, Commercial Director at Crescent Heights. “Anatomy is a market leader and delivers an innovative approach to fitness and wellness. This is a true example of collaboration and space creation for the growth and development of our community.”

Related Group and Tricap Break Ground On Hospitality-Infused Wynwood Condo 'NoMad Residences Wynwood'

Miami-based real estate developer Related Group (Related), together with Manhattan-based developer Tricap, has broken ground on NoMad Residences Wynwood, the first residential concept from the global hospitality icon, NoMad Hotels, and its parent company, Sydell Group. Located just steps from Miami’s world-famous Wynwood Walls, the nine-story condominium tower boasts an eclectic, modern design crafted by the world’s preeminent design talents with architecture by South Florida-based Arquitectonica and interiors by the renowned DesignAgency. With over 75% of its homes now in contract, NoMad Residences Wynwood is expected to reach completion in 2025. Pricing for NoMad Residences Wynwood begins in the $600,000s with Fortune Development Sales exclusively overseeing sales and marketing.

“No hospitality brand is better suited for Wynwood than The NoMad Hotels, a concept that pairs artistry with luxury to offer an inspired way of living,” said Nick Pérez, President of Related Group’s Condominium Division. “Much like how NoMad New York helped to transform Manhattan’s North of Madison enclave into one of the city’s most in-demand neighborhoods, Related believes that the NoMad Residences Wynwood is poised to unveil the next chapter in Wynwood’s celebrated history.”

Designed to embody every luxury associated with the NoMad name, NoMad Residences, Wynwood brings the essence of a well-traveled, artfully-lived life to each home. The collection of 329 residences ranges from studios to two bedrooms, each featuring floor-to-ceiling windows, private balconies, open layouts and spa-like showers. Modern kitchens include premium Bosch appliances, Italian-style cabinetry adorned with brass hardware, and sleek stone countertops.

"The NoMad Hotels team has a reputation for crafting exemplary hotels featuring stand-out designs inspired by their surroundings,” said Andrew Zobler, Founder & CEO of Sydell Group. “We took the same approach with NoMad Residences Wynwood. We didn’t want to just create homes — we wanted to foster a sense of unity in a neighborhood known for its diverse, artistic energy.”

Each home comes fully furnished with packages curated by DesignAgency. Uniquely developed with no rental restrictions in mind, buyers will have the option to rent their homes to guests for any period of time, while a skilled in-house property management team will efficiently manage check-in and check-out processes.

Central to the property’s appeal are its world-class food and beverage offerings, which will be open to the public and include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, Vice President, Food & Beverage at Sydell Group, and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park. The property will also include an exceptional anchor destination on the ground floor, Casa Tua Cucina. A lighthouse brand that sets the standard for experiencing high-end social dining, ‘Cucina’ is an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare.

To enhance the hospitality-focused experience, residents and their guests can indulge in a full-suite of resort-style amenities, including an expansive rooftop lounge with panoramic views of downtown Miami, a fully-serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more.

Additional on-site highlights include a card room and private dining room. For art enthusiasts, many of the walls throughout the building will showcase museum-quality works from the Jorge M. Pérez Collection, with sections of the building commissioned to artists in ode to Wynwood. Surrounding the property is a vibrant, walkable community that boasts over 70 art galleries, luxury boutiques, seven MICHELIN-star and many five-star restaurants, and the world-famous Wynwood Walls.

“Wynwood isn’t just a neighborhood. It’s an ever-evolving hub of culture, cuisine and opportunity,” said David Edelstein, Principal at Tricap. “As a result of our collaboration with best-in-class partners, Related and Sydell Group, today’s groundbreaking marks the beginning of an immersive, hospitality-centric residential experience at the core of Miami’s famed art district.”

Recently, NoMad London, a flagship within the esteemed NoMad Hotels brand, secured a coveted spot on 'The World’s 50 Best Hotels’ list for 2023. This prestigious recognition reinforces Sydell Group’s commitment to upholding the highest standards in hospitality and design — a commitment that NoMad Residences Wynwood will reflect as it introduces the same level of exquisite craftsmanship to Miami's dynamic Wynwood neighborhood.

Images via NoMad Residences Wynwood

One Thousand Group files plans for luxury high-rise office tower designed by KPF to be located adjacent to Miami’s Design District overlooking Biscayne Bay

An entity tied to One Thousand Group, whose principals include Louis Birdman, Michael Konig and Kevin Venger have just submitted to the City of Miami for UDRB review a 47 Story – 635’ tall class-A ultra-lux office tower designed by the firm of KPF Kohn Pederson Fox (KPF) one of the largest architecture firm in New York City where it is headquartered. KPF known as one of the top global architecture firm in the world for office towers having designed One Vanderbilt, 10, 30 & 55 Hudson Yards in NYC, 52 Lime Street in London, and 18 Robinson in Singapore, amongst many notable projects other around the world.

The KPF designed tower plans were files by Tower 36, LLC an affiliate of One Thousand Group via Hollywood, FL based ODP Architecture & Design who will be serving as the Florida Architect of Record for the yet to be named project, which is currently being referred to as Tower 36. A city of Miami UDRB hearing is set for next Wednesday October 18th to review the proposal which has been submitted.

The 1.6 Acre assemblage is located on the NE Corner of Biscayne Boulevard and 36th Street the plans that have been submitted include 29,000+ SF of Commercial space located in the buildings podium, 312,000+ SF of Office Space in the tower, with 671 parking spaces. The proposed project totals 610,000+ SF of floor area. Tower 36 is proposed at 47 stories with an overall planned height of 635’ where 649’ is permitted as of right under the Miami21 Zoning Code.

In statements provided by the principals of One Thousand Group, this is what they had to say about the planned development and the Miami Class-A office market;

“As the great migration to Florida continues and as more companies like Citadel, Microsoft, and others continue to look at Miami as the place to do business, they continue to seek out well located Class A office product”

“We see the intersection of Biscayne and 36th Street as the northern gateway to the City of Miami at the nexus of The Design District and Edgewater, Miami most exciting waterfront neighborhood and also serves the entrance to the City from our neighbor to the east, Miami Beach”

“As companies continue to bring their teams back into the office, including those who are relocating to places like Miami and as developers we believe it is essential to create built environments that meet the desires of those companies and needs of their workforce. Our office model looks to combine the luxuries, amenities, services and level of security similar to those that we have created in our ultra-luxury residential towers”

About One Thousand Group

One Thousand Group, is a dynamic team of seasoned real estate developers, and is the vision of Louis Birdman, Kevin Venger, and Michael Konig. Their mission is to bring innovative, one-of-a-kind luxury real estate developments to life. The Group takes on challenging projects, leveraging their expertise to add value and provide inventive solutions to complex development initiatives. With a relentless pursuit of design excellence and a refusal to settle for anything less than exceptional, One Thousand Group pushes boundaries to make the impossible a reality. Members of One Thousand Group have been involved in the development of some of Miami’s most recognized projects including One Thousand Museum, Regalia, Ten Museum Park, Paramount Bay, Four Seasons Hotel & Tower and most recently Villa Miami, a Major Food Group Residential Experience. For more information visit www.onethousandgroup.com.

Renderings via One Thousand Group

Neology Life's No.17 Residences Allapattah Locks Down $31.456 Million Refinancing

Berkadia has secured a $31 million loan to refinance No.17 Residences Allapattah, a 192-unit attainable luxury apartment rental building in the Fruit Packing District of Allapattah. Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson of Berkadia South Florida secured the financing on behalf of Neology Life Development Group, a lifestyle-driven residential and commercial real estate firm, led by Lissette Calderon, that specializes in the transformation of overlooked and undervalued communities into vibrant urban neighborhoods. Fannie Mae originated the 10-year loan with five years of interest-only.

"Lissette Calderon and her company, Neology, have once again demonstrated their exceptional vision and expertise in transforming the Allapattah neighborhood with the refinancing of No.17 Residences. It's been a remarkable journey working alongside Neology Life on this project. Lissette Calderon's dedication to 'attainable luxury' and the development's success in the heart of Allapattah truly stand out, aligning perfectly with the community's needs.”

Located at 1569 NW 17th Avenue, No.17 Residences Allapattah was completed in April 2021 and leased up in record time. It offers one-, two-, and three-bedroom apartments ranging from 600 square feet to 1,125 square feet. Individual units feature smart home technology, open floor plan kitchens, stainless steel appliances, quartz countertops, washer and dryer, full-length windows, balconies, and walk-in closets. Building amenities include an expansive urban park, lobby lounge with co-working and social spaces, a TV lounge area, art-inspired pool deck, pool side cabanas, indoor/outdoor clubroom, fitness center, on-demand virtual fitness classes, a rooftop garden with a summer kitchen, an outdoor movie theater, bark park, bike storage, electric car charging stations, a zoom room, on-site parking, and 24-hour secure package rooms.

The property is situated in Miami’s centrally located Allapattah neighborhood, which is just a short walk, bike ride, drive or public transit trip from some of Miami’s largest employment centers, including the Health District, Civic/Government Center, Downtown Miami, Wynwood and the Brickell Financial district, and offers easy access to the Dolphin Expressway and I-95. As home to the flagship location of Superblue, the Rubell Museum and El Espacio, Allapattah has quickly become an important arts and culture destination.

PROFILE Exclusive: 12 Questions With Alirio Torrealba, MG Developer Founder and Coral Gables Visionary

PROFILEMiami had the exclusive opportunity to sit down with real estate developer and philanthropist Alirio Torrealba, whose projects have continued the legacy of Coral Gables founder, George Merrick, and his vision for “The City Beautiful.”

Born in Caracas, Venezuela and graduated from the University of Santa Maria, Alirio Torrealba has a Law Degree with business experience in the automotive industry. From an early age he began to buy and sell used vehicles becoming an automotive agent and that is how he began his professional career in 1989 when he opened the doors of Western Motors, his first car dealership in Caracas, Venezuela.

Due to its success in the automotive industry, he could establish himself in the field and in 1992, Multimarca Automotive Group was born, originally venturing into the purchase, sale, and consignment of new and used vehicles. This experience allowed him access to the representation of important brands such as Kia, Ford, Fiat, among others. Part of his achievements with Multitarca include the positioning of the company as one of the main companies in Venezuela, dominating a large percentage of the market in the country, the growth of branches reaching more than 10, and the expansion of the product line since this experience in the Venezuelan market guided him to venture into the purchase and sale of urban buses. For 10 years (2000-2010) his focus was the automotive industry, always looking for new opportunities and exploring different ways to improve his business. It is because of this vision and desire to improve that in 2010 he was seeking to exploit different markets and develop in Puerto Rico, still under the umbrella of Multimarca Group, Alirio introduced the Kia brand to Bayamón and Humacao, Puerto Rico, strengthening its presence on the island.

In 2010 he began to participate in small real estate investments in Miami, generating an interest in the real estate business in Florida. Alirio moved to Miami in 2013 and in 2014 he began to look for opportunities with the desire to develop in the city. Motivated to find the perfect moment, he was presented with an open door in Coral Gables to build a boutique building in a very central area where developments did not exist, thus becoming the pioneers of development in Coral Gables.

Completely changing his business model and going from working with cars to working in the real estate world, he decides to open a development company, MG Developer, where he is currently the CEO. The company takes over its first project in 2015, which brought interest within the community, giving rise to new acquisition opportunities. From that year to the present date, MG Developer has managed to build and fully deliver eight projects that have generated a highly positive impact on the community.

Carrying with him the values that formed him, he also attaches great importance to corporate social responsibility and that is why he is an active ally of Fundahigado, where his company, MG Developer, is part of this international non-profit organization. Alirio shows his sense of human sensitivity by supporting professional training and development scholarships for children and youth from poor areas throughout Venezuela. In addition, in contribution to "City Beautiful" as Coral Gables is known, Alirio works in ties to promote Art and Culture.

PROFILEmiami recently caught up with Alirio following the groundbreaking of his new Coral Gables project, The Village at Coral Gables, to see how he built MG Developer into one of the fastest growing development firms in Miami and is continuing George Merrick’s original vision developing “The City Beautiful”:

PROFILEmiami [PM]: Tell us about your background, how did you get involved in real estate?

Alirio Torrealba [AT]: I arrived in Miami 8 years ago and was able to connect with the real estate industry. I got involved quickly and began to look at development options in the City of Coral Gables. The City was welcoming since day 1 and now I can say I feel at home here. It offers a very unique lifestyle and we found the perfect niche to create and develop unique projects that could continue to add value to Coral Gables.

PM: What was your first real estate development project?

AT: Our first development project was Biltmore Parc, 32 exclusive condominium residences.

PM: What is your development philosophy?

AT: Nothing beats good teamwork.

PM: You've made a name for yourself transforming Coral Gables residential real estate, can you tell us about your first involvement in the neighborhood and some of your previous projects?

AT: Biltmore Parc at the time gave us great visibility and exposure within the city of Coral Gables because it had been a long time since anything new was built in the city, this opened the doors and connected us with the neighboring people and from there arose new opportunities to buy land around that project.

PM: You recently started the construction of The Village at Coral Gables, tell us about this project?

AT: Built in the classic enclave of Coral Gables, the new Village at Coral Gables Collections revives the legacy of the City’s first architectural icon. Inspired by George Merrick’s Spanish architecture, The Village at Coral Gables reflects the community’s past and present vision—”The Village Project”—and offers 48 residences that are perfectly at home in their tropical surroundings. Here, timeless architecture and meticulously selected finishes are inspired by both the past and present, harmonizing with Coral Gables’ lush environment to create a one-of-a-kind experience. Residences range from two-bedroom flats to four-bedroom townhomes, we also offer Lofts and Villas.

PM: What is your perspective on the real estate market in Miami amid a changing economic environment and rising interest rates?

AT: Real estate in Miami has consolidated and stabilized. We are now in a market of stable prices, there is no longer a high trend, and my position is that with such a market it is still an opportunity to buy because when interest rates go down there will be a lot of demand and prices will rise. I think that with the issue of the interest rates, even being high is a good time to buy because prices have been maintained.

PM: What's the biggest obstacle you've had to overcome in your career?

AT: In my career as a developer, the biggest challenge has always been finding land to do major projects. Especially the localization of land in Coral Gables because there is not much left here so whenever we have had the chance to acquire land in the city, we take it as a great opportunity that we do not want to miss. It is the biggest effort and the one that takes more time in the process of development.

PM: What's the most important thing you've learned throughout your career?

AT: I have learned that it takes faith, perseverance, and a lot of dedication to achieve objectives.

PM: You are extremely active in the world of arts; can you tell us about your passion and relationship with art?

AT: I am a promoter of art and I like to support emerging artists to develop. I like our projects to have an art component since it is a fundamental part of the lifestyle that we promote in the city.

PM: You are very involved in the Coral Gables community, what are some of the philanthropic initiatives you have undertaken?

AT: We are very involved in the Coral Gables Community Foundation, and I always try to support their work. We also participate in the Coral Gables Museum and in general we like to participate in activities from the city because by being involved we can help the Coral Gables evolve. At the end of the day, I try to follow what has always been part of my work philosophy, which is sharing with others, working with generosity, and always trying to give one’s best.

PM: Describe your perfect Saturday night in Miami?

AT: A night out to dinner with my family in one of the many amazing places Miami has to offer.

PM: Where do we find you on your day off?

AT: Not necessarily a day off, but I always look for free time to enjoy a while running on the beach and disconnect for a second, following a healthy lifestyle.

Kastrati Group Acquires SLS Brickell Hotel For $55 Million In An Off-Market Cash Transaction

Brickell Miami, LLC, an affiliate of Constellation Hotel Holdings LTD, just sold the iconic SLS Brickell Hotel, a mixed-use hospitality development in the heart of Downtown Brickell, Miami located at 1300 S Miami Ave, in a $55 million in an off-market, cash transaction to an affiliate of the Albania based Kastrati Group. Miami based Broker Jordan Karp of Jordan Karp, LLC represented the Buyer in this off-market cash deal with the assistance of Disruptive Real Estate CEO Stefano Santoro. Jordan Karp also represented the Seller, Brickell Miami, LLC, an entity affiliated with Al Thanis, members of Qatar’s ruling royal family, in the deal. Sheikh Tamim bin Hamad Al Thani is the Emir of Qatar.

Situated on a premier corner lot, the 124 key Hotel and remaining 4,530 square foot ground floor Prime Restaurant/Retail space and associated hotel and restaurant FF&E within the 54-story mixed-use building was purchased by 1300 Brickell Miami, LLC, a Florida limited liability company, which is controlled by Kastrati Group, an Albanian privately-owned group of companies employing over 5000 people established in 1991 by Mr. Shefqet Kastrati and mainly recognized as the leading Albanian retail and wholesale trader of hydrocarbon products. Kastrati successfully operates in other industries, such as: insurance, construction, real estate development, infrastructure development, tourism, hospitality, automotive distribution, retail. After signing management contracts with Hyatt and Hilton in Albania, Kastrati Group purchased the first property in the United States and is looking to further expand its portfolio.

Charlie Ratner, Esq. of Miami Beach based Charles Ratner. P.A., whose grandfather built the iconic Clevelander Hotel in Miami Beach and whose uncle Nat Ratner brokered the original sale of nearby Fisher Island in the 1950’s, represented the Buyer as Real Estate counsel in the complex purchase.

Situated in the center of Brickell’s fast-paced urban environment, the SLS Brickell Hotel is surrounded by a plethora of high-rise condominiums, Class A office buildings, sophisticated retail, and dining options. As a thriving residential and commercial district, the bustling business hub is a magnet for high foot traffic and is recognized as the second-largest international banking hub in the country.

The Related Group and Dakota Development developed the SLS Brickell Miami property in 2016 and sold the SLS Brickell Hotel component in 2019 for $43 million. The asset boasts nearly 58,000 square feet of indoor and outdoor event space, two fully-built ground-floor restaurants, three bars/lounges, a rooftop pool terrace, two ballrooms, various meeting spaces, a fitness-center and the Ciel Spa. Designed by Philippe Starck and Arquitectonica, the hotel traded in this deal occupies the first nine floors of the SLS Tower, with common areas and 453 residential condominium units above. Fi’lia Restaurant currently occupies the 4,530 square-feet of ground floor retail which also traded in the current sale. Jordan Karp also arranged the recent off-market sale by Brickell Miami LLC to Black Lion’s Robert Rivani of the adjacent 7,182 square-foot commercial restaurant space in the project, formerly occupied by celebrity chef Jose Andres’ Bazaar Mar for $10 million in April 2023, and slated for a new restaurant concept.

In 2022, U.S. hotels saw approximately $44.9 billion of investment. Gross hotel revenue increased by 29% in Miami-Dade County in 2022, according to the Greater Miami Convention and Visitors Bureau. With record-high visitor growth and more than 17.1 million hotel room nights sold in 2022, SLS Brickell Hotel’s landmark transaction reinforces the region’s appeal to investors and strengthens its reputation as a premier destination for business and leisure travel.

Images via Disruptive Real Estate and Jordan Karp LLC

Inside Miami Herbert Business School's Accelerated MBA in Real Estate: The Best Way To Take Your Career In Real Estate To The Next Level

Miami, and South Florida in general, are growing hubs for commercial and residential real estate, making the University of Miami Patti and Allan Herbert Business School one of the best places to study for those looking to take their real estate careers to the next level. The Miami Herbert Business School’s Accelerated MBA in Real Estate prepares students to succeed in commercial real estate market careers while offering students the opportunity to participate in two paid internships with some of the top firms in the commercial real estate industry. The students also become proficient at Argus, making them an attractive candidate to major firms who use the real estate software.

The Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School strengths in management education with the School of Architecture, a leader in New Urbanism. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more. Each student is paired with an industry mentor for career advice and networking connections throughout their time in the program.

The program leaves graduates well networked in the Miami real estate industry and prepared for a successful career in commercial real estate. Students study topics such as real estate finance, private equity modeling, underwriting, real estate development, ground leases and other essential topics. They also work in real time on a development plan for a local property and meet with industry mentors to work through the development process in real time with hands on oversight.

“The Accelerated Real Estate MBA really immersed me in multiple sides of the commercial real estate industry that I had not been exposed to before and it really helped drive my career forward. Even if you are coming from a background in real estate the classes such as real estate finance and real estate development give you the tools you need to contribute from day one at a large real estate shop," said PROFILEmiami Co-Founder Demetri Demascus who graduated from the program in 2021.

Students are provided many intimate networking opportunities with industry leaders throughout the program. The Miami Herbert Business School attracts local, national, and international industry experts to the annual University of Miami Real Estate Impact Conference, which Accelerated Real Estate MBA students have the opportunity to attend with real estate titans such as Stuart Miller, Edgardo Defortuna, and Allen Morris. Last year featured speakers included John Buck of The John Buck Company as well as Miami-developers Armando Codina and Jay Massiman. Roy March of Eastdil and Ralph Rosenberg of KKR were featured last year along with Jonathan Tisch.

The school also hosts an annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. In the past, teams from University of Miami, Wharton, Colombia, and Cornell have all placed in the competition. Both the conference and the competition give students exclusive access to extensive networking opportunities.

Miami Herbert Business School's Accelerated MBA in Real Estate is the best way to take your career in real estate to the next level. The Accelerated Real Estate MBA program is designed to meet the needs of the student with an undergraduate degree in business and at least one year’s full-time work experience before the late May 2024 start date. Applicants must demonstrate successful completion of the core business courses: Financial and Managerial Accounting, Microeconomics, Macroeconomics, Statistics, Calculus, Organizational Behavior, Operations Management, Marketing, and Finance.

How to Apply:

Applications for the program class that begins in late May 2024 are now open. To obtain detailed program admission information, please reference the program brochure which can be requested by contacting Graduate Business Admissions at 305-284-2510, by email at mba@miami.edu, or visiting Miami Herbert Business School’s website: www.herbert.edu.

If you would like to receive a preliminary admissions decision about your candidacy within two business days, please email your current resume to:

Dr. Andrea Heuson, Academic Director of Real Estate Programs at Miami Herbert Business School: aheuson@bus.miami.edu

You will receive a confirmation that your resume was received within one business day. If you do not receive that confirmation, your resume may be blocked in a spam filter. In this case, please contact Chuck Somma at csomma@miami.edu for instructions on how to ensure your resume is received by Professor Heuson.

Miami Herbert Business School has created merit-based scholarships for up to $10,000 for students who begin their application before October 15, 2023, and verify enrollment by November 15, 2023. These scholarships are in addition to the generous support provided to all incoming students by Miami Herbert Business School and the paid internship in the first six months of the program.

Applicants who want to be considered for internships at national real estate firms should begin their application by October 15, 2023. For all other internship opportunities, applications must be completed by February 15, 2024, for consideration. However, it is best for students to complete their application earlier. Keep in mind that the online application is the first step, and supporting materials may be submitted after your application is received.

Once you begin your application, please reach out to schedule a call or an in-person meeting with Professor Heuson to discuss your desired internship focus. This meeting will lead to instructions on how to apply for a waiver of the application fee.

Prospective students can begin their application on the BusinessCAS platform. We look forward to connecting with you throughout the application process. Please do not hesitate to reach out should you have any questions.

Request More Information on Miami Herbert Business School's Accelerated MBA in Real Estate:

Images via University of Miami

PROFILE Exclusive: 12 Questions With Restaurant and Entertainment Mogul Mathieu Massa of Queen

PROFILEMiami had the exclusive opportunity to sit down with hospitality mogul and real estate investor Mathieu Massa, who recently opened Queen, one of Miami’s hottest new restaurants in the historic Paris Theater on Miami Beach’s Washington Avenue. Mathieu leads Mr. Hospitality Group, which has opened hotspots such as Marion, El Tucán and Queen. He also oversees Massa Investment Group LLC, a fully integrated investment firm specializing in real estate development and hospitality which he launched in 2007. Massa Investment Group recently revealed plans to acquire the former Starwood Capital HQ in Miami Beach with Robert Rivani’s Black Lion Investment Group for $82 million.

Born in the French Riviera, Mathieu Massa hails from a family of entrepreneurs. His early inspiration comes from a lineage of great men that dates back to his great-grandfather, Sylvain Emile Massa, who migrated from Italy and settled in Cannes, France in 1908. Guided by the family’s entrepreneurial spirit from generation to generation, Mathieu embarked on a start track of higher education receiving his MBA degree from the prestigious school H.E.C in Paris and Babson College in Boston.

After graduating in 2007, Mathieu settled in Miami where he launched his private equity firm Massa Investment Group LLC. Massa Investment Group is a fully integrated investment firm specializing in real estate development and hospitality. Though initially focused on purchasing distressed assets following the subprime crisis of 2008, the company comprises all aspects of real estate development—from due diligence and positioning to branding, marketing, construction, and design.

Mathieu founded Massa Construction Group in 2009 and is well-versed in projects spanning from commercial, and residential, to hospitality and mixed-use structures. Notable projects include an extravagant villa in Cannes, France, which sold for 13 million euros in 2017, alongside four sprawling waterfront homes in Miami Beach, developed between 2015 and 2019. Three of these residential projects occupy Prairie Avenue, while the pinnacle of luxury resides within the esteemed Sunset Islands III.

Mathieu’s step into the hospitality world would then come by chance when he was approached by the famed Bâoli Cannes team to assist with the restaurant operations of their new venture in Miami Beach, a small Italian restaurant on Collins Avenue, known as Vita. First, Mathieu purchased a 50% stake in the business in 2009, and two years later took on sole ownership, transforming the sleepy Italian restaurant into the thriving Bâoli Miami we know today. The biggest overhaul was by far the entertainment, Bâoli Miami was Miami Beach’s first supper club, introducing a sophisticated dinner party concept with late-night entertainment that’s now synonymous with the city’s nightlife scene. In 2014, after the immense success of Baoli, which was named one of the best restaurants in Florida, Mathieu founded Mr. Hospitality, which would soon become the driving force behind Miami’s most successful and upscale dining establishments.

In 2023, Mathieu revealed his plans to take over the historic Paris Theater building in Miami Beach and convert it into an unprecedented and exquisitely lavish destination for fine dining and entertainment under the esteemed operation of Mr. Hospitality Group. Led by Mathieu’s visionary leadership, the 23,000-square-foot Miami landmark was meticulously transformed into an ultra-luxurious modern Japanese restaurant and lounge, coined Queen Miami Beach. The $40-million-dollar redevelopment endeavor has introduced a new level of luxury dining, since opening its doors to the public in February 2023, and marks only the beginning of Mathieu's ambitious plans to further elevate and revitalize the premier hospitality development landscape in Miami Beach.

PROFILEmiami recently caught up with Mathieu following the launch of his newest addition to Queen Miami Beach, Queen Omakase, to see how he creates trailblazing venues giving guests a heightened, luxurious entertainment-driven experience and finding synergy between real estate and design, and investing:

PROFILEmiami (PM): Tell us about your roots? Where did you grow up? What is your background?

Matthew Massa (MM): I was born and raised in Cannes, France, a city famous for hosting the annual film festival on the French Riviera. After completing my education at a business school in France, I pursued an MBA at Babson College in Boston. In 2007, I made the decision to settle in Miami, opting to take a chance on a new path in a different location rather than returning to France to manage the family businesses, which included ventures in tires, wine, and horses, among others.

PM: How did you get involved in the hospitality industry? What was your first venture into hospitality?

MM: In 2009, I was approached by the owners of Baoli in Cannes to assist with their new venture in Miami Beach, which consisted of the restaurant operations of a small Italian restaurant on Collins Avenue and 19th Street called Vita. While my background was in real estate and finance, I quickly developed a passion for the hospitality and restaurant industry as I worked tirelessly on this project. Within a few months, I became a partner, and after a year and a half, I assumed sole ownership. This marked the beginning of Baoli Miami's transformation into the thriving establishment it is today.

PM: As a hospitality entrepreneur, where do you draw your inspiration? Is there a signature vibe or features of the hospitality experience that are unique to you and your institutions?

MM: I draw my inspiration from my travels around the world: Saint Tropez, Montecarlo, Ibiza, Japan, Brazil, China, Russia, etc.. What sets us apart as a business is our distinctive European approach to people, cuisine, and service. This international perspective infuses our institutions with a unique blend of influences and a signature vibe that differentiates us from the local competition.

PM: What are they keys to running a successful world class restaurant, like Queen, in a global city like Miami?

MM: Running a successful world-class restaurant in a global city like Miami, such as Queen, requires a commitment to excellence, discipline, and unwavering consistency. Attention to detail is key, ensuring that every aspect of the guest experience, from the cuisine to the ambiance, contributes to creating a special and memorable visit. Attentive hospitality, adaptability, and innovation are also key to staying ahead of evolving trends and guest preferences.

PM: Where did the idea for Queen come about? What inspirations helped you evolve the concept?

MM: The idea for Queen was born from the space itself, which possessed undeniable uniqueness, theatricality, and spectacle. The concept organically evolved around the distinctive characteristics and existing conditions of the real estate structure.

PM: How did you acquire the property and the journey to the grand opening?

MM: The journey to Queen's grand opening began with my decision to acquire the property in November 2019. However, in March 2020, the onset of the COVID-19 pandemic brought uncertainty to the restaurant industry, with closures happening worldwide. I had to make a difficult decision about proceeding with the purchase. It was undoubtedly one of the most difficult choices I've ever made, but ultimately, it turned out to be the right one. It then took 3 years of tireless work and unwavering dedication to transform the property into what is now one of the world's most spectacular restaurants.

PM: What makes Queen so much different than any other dining experience in Miami?

MM: What distinguishes Queen is its exceptional attention to detail in crafting a truly immersive, theatrical guest experience. From the moment you step through the front entrance, you're enveloped in an atmosphere that seamlessly blends theatricality with elegance. The journey continues into the main dining room, where an open kitchen adds an interactive element to the guest’s dining experience. With multi-level spaces, state-of-the-art sound, lighting, video, and special effects, Queen sets the stage for a memorable evening. What truly sets Queen apart is its commitment to glamour and sophistication, from the meticulously curated decor and captivating art program to the elegant dress code and high-level execution of cuisine and service.

PM: Tell us about Queen Omakase. When did you decide to add the private omakase room dining component?

MM: This was decided during the design phase of the project, which actually took place during the middle of the covid lock down. Our primary objective was to introduce an exclusive, intimate, and captivating dimension to enhance our guests' experiences.

Omakase is one of the most demanding and respectful forms of dining between the Chef and the customer. What is different about curating the Queen Omakase experience for your guests? How is it different from other omakase experiences in Miami?

Our omakase room is designed to evoke the feeling of a residential open kitchen, creating an inviting and personalized atmosphere reminiscent of dining in someone's home. What truly sets us apart is the exclusive speakeasy-style access to the omakase room, guiding guests through the main kitchen and back-of-house areas for a very special and exciting journey. The omakase room itself is a masterpiece of posh, sophistication, and glamour. From the bamboo-style wallpaper to the custom Murano glass chandelier, vintage lighting fixtures, and art pieces, these elements combine to envelop guests in an atmosphere of elegance and refinement.

PM: Why did you choose Chef Max Kamakura to oversee Queen Omakase?

MM: Chef Max Kamakura was chosen to lead Queen Omakase due to his unique blend of traditional sushi expertise and innovative approach to Japanese cuisine. As a fourth-generation sushi chef from a family deeply rooted in tradition, Chef Max brings a wealth of experience and a commitment to excellence. What sets him apart is his ability to infuse traditional techniques with globally sourced ingredients, resulting in a one-of-a-kind culinary experience. Moreover, Chef Max's positive attitude and spirited energy add to the overall enjoyment of the intimate dining setting, which is important for the guest experience.

PM: What are some of Queen’s signature items that, as the owner, you would recommend to guests?

MM: First and foremost, I encourage guests to try our exquisite selection of meats, carefully sourced from top producers both in the United States and Japan. Some of our best-selling dishes, which I’d also highly recommend, include the Maitake Mushrooms, Avocado Tart, Caviar Crispy Rice, and the Cacio e Pepe Mushroom side dish, which has become a real crowd favorite.

PM: What does Queen’s opening and success mean to the city of Miami Beach?

MM: Queen's opening and success has brought a significant positive impact to the city of Miami Beach. City officials, including high-ranking figures, have expressed their pride in having such a prestigious establishment in a neighborhood that faced challenges in the past. Some city staff members have even noted that Queen's presence represents one of the most significant developments in the city in the last 25 years, comparable to the impact of notable establishments from the past. The success of Queen has revitalized the city's sense of glamour and elevated its culinary reputation. It has also caught the attention of accomplished restaurant operators, positioning Miami Beach as a competitive player alongside renowned dining destinations like Dubai, London, New York City, and Las Vegas. Queen's influence on the city is a clear indicator of its ability to reshape and enhance the dining and cultural landscape in Miami Beach.

PM: Do you intend to expand the Queen concept to other markets or is it to remain an exclusively South Beach experience?

MM: While I've received tempting offers to expand the Queen concept to various global markets like Dubai, Saudi Arabia, London, Ibiza, and Paris, I am committed to maintaining its exclusivity as a South Beach experience. After all, how many Paris Theaters can you find?

Images via Queen Miami Beach