City of Miami Beach Planning Board Approves Terra's Redevelopment Plans For The Deauville Beach Resort

David Martin’s development firm Terra and the Meruelo family are moving forward with plans to redevelop the former Deauville Beach Resort site in Miami Beach after receiving a unanimous recommendation from the city’s planning board in yesterday’s meeting. The developers plan to build two condominium towers and a partially reconstructed Deauville Beach Resort at 6701 Collins Avenue. Their proposal includes a branded 100-unit condo and a 150-room hotel, with Foster + Partners, Shulman + Associates, and ODP as the architects.

Terra’s proposal reflects reducing the overall number of residential units from 570 to accommodate a more community-focused design. The current proposal from Martin and the Meruelo family does not require a public referendum, positioning it for potential rapid advancement through city approvals. Construction is anticipated to commence in 2026.

Following yesterday’s unanimous approval from the City of Miami Beach’s Planning Board, developer David Martin, CEO of Terra, issued the following statement:

"Following unanimous approval from the City of Miami Beach’s Planning Board on the morning of February 4th, a joint venture between Terra (TMG 67 Communities, LLC) and Deauville Associates, LLC is set to transform the site of the historic Deauville Beach Resort into a prominent branded hotel and residential development that will blend the original hotel's iconic architecture with modern aesthetics and amenities.

Led by design architects Foster + Partners and Miami-based Shulman + Associates, with ODP acting as Architect of Record, the project’s design features a reconstructed version of the 1950s-era Deauville hotel that will comprise approximately 150 rooms and suites.

The residential component will feature two boutique condo buildings with approximately 100 total residences and design elements including new green spaces, botanical gardens, and an elevated pool deck. The slender design of the towers will preserve view corridors along Miami Beach while maximizing vistas for residents.

With construction set to begin in 2026, this project will serve as a key economic driver for the area and enhance the cultural fabric of Miami Beach.”

The Deauville, a historic resort built in 1957, has been vacant since it was deemed unsafe and ordered demolished in 2022 after suffering years of neglect. Previous attempts to redevelop the site, including a $500 million offer from billionaire Stephen Ross, fell through after a referendum to increase zoning allowances was rejected by voters. Ross and his firm Related Companies has planned a Frank Gehry-designed Equinox-branded project.

PROFILE Exclusive Interview With Developer Alexis Bogomolni of the La Maison Penthouse at AIRE Residences

When it comes to creating transformative real estate projects that combine innovation, luxury, and thoughtful design, real estate developer Alexis Bogomolni of ABH Developer has supplanted himself as one of Miami’s most active developers shaping the future of South Florida living. With 1,500 units currently in the pipeline, from high-end boutique residences like the waterfront AIRE Residences in Bay Harbor Islands to larger developments and the transformation of the Wynwood Norte neighborhood, ABH is redefining what’s possible in real estate.

At AIRE Residences, Bogomolni worked to deliver the lavish La Maison Penthouse, a truly unique condominium that lives like a single-family estate but without the upkeep of a traditional house. PROFILEmiami had the exclusive opportunity to catch up with Alexis in Miami’s Bay Harbor Islands to learn how AIRE Residences is setting a new standard for boutique waterfront living.

PROFILEmiami [PM]: Tell us about AIRE Residences and give us a quick snapshot of the property.

Alexis Bogomolni [AB]: AIRE Residences is a true gem in Bay Harbor, offering a rare combination of exclusivity and privacy that’s becoming increasingly hard to find in Miami. With only seven luxury units, the building creates an intimate, serene environment perfect for those who value space and tranquility. Its prime location—just steps from Kane Concourse, Pura Vida, the Bal Harbour Shops, and directly across from The Well—adds incredible convenience, while the private marina dock enhances the waterfront lifestyle.

When we conceptualized AIRE, we saw a gap in the market for a building with a distinctly European sensibility—boutique, elegant, and private. Miami is known for large-scale resorts, but AIRE was designed to be the opposite: a sophisticated retreat that feels like a single-family estate but without the upkeep. The project has been met with an overwhelmingly positive response, and six of the seven units have already sold. The final available unit, La Maison Penthouse, is a masterpiece of design and luxury, offering 10,675 square feet of living space with a private elevator, six bedrooms with terraces, and the largest wraparound 360-degree terrace on the island.

PM: Why is Bay Harbor Islands such a desirable place to live?

AB: Bay Harbor Islands offers the perfect balance of tranquility and convenience, making it one of South Florida’s most desirable neighborhoods. The tree-lined streets and small-town charm create a peaceful environment, yet it’s just minutes from Miami Beach, Bal Harbour, and Aventura. Residents love the walkability, with places like Kane Concourse, Pura Vida, The Well, and the Bal Harbour Shops just steps away. The waterfront location provides opportunities for boating and water sports, a signature of the South Florida lifestyle. Families are drawn to its top-rated schools, and individuals value privacy and luxury. It’s an upscale community that feels unspoiled, perfectly aligning with the boutique living offered by AIRE Residences.

PM: What lifestyle and amenities does AIRE Residences offer?

AB: AIRE Residences offers a lifestyle defined by thoughtful luxury and exclusivity. The Sky Garden is a standout feature, with a Chef’s Dining Terrace for al fresco entertaining, a state-of-the-art gym, and a lounge area—all with incredible views. The private marina provides convenience for residents, direct water access, perfect for boating or enjoying peaceful waterfront moments.

Even the details are exceptional, like the beautifully textured garage that feels like an extension of the elegant lobby. Residents also enjoy two pools by the marina for relaxation and exclusivity. With private elevators opening directly into each unit and expansive wraparound terraces offering 360-degree views, AIRE redefines boutique luxury living.

PM: How does the location of AIRE Residences contribute to its appeal as a waterfront luxury residence?

AB: AIRE Residences’ location is a key part of its appeal, combining serene privacy with unmatched convenience. Nestled in Bay Harbor Islands, it’s moments away from Miami Beach, Bal Harbour Shops, and Aventura, yet it retains a quiet, neighborhood charm. The private marina dock provides direct access to the bay for boating enthusiasts, while the walkability to Kane Concourse, The Well, and Pura Vida enhances everyday convenience. This central location offers tranquility alongside proximity to world-class amenities, creating an exceptional lifestyle.

PM: Can you discuss the added value of having a private marina at the building?

AB: The private marina at AIRE Residences is a tremendous value, offering residents direct access to the water—a defining feature of South Florida living. Boating enthusiasts will appreciate the convenience of docking steps from home, while others can enjoy the serene waterfront ambiance it creates. Beyond the practical benefits, the marina adds to the exclusivity and prestige of the property, making AIRE more than a residence—it’s a lifestyle gateway.

PM: What inspired the design and concept of AIRE Residences, specifically La Maison Penthouse?

AB: The design of AIRE Residences, especially La Maison Penthouse, was inspired by the desire to merge the expansive feel of a single-family estate with the convenience of luxury condominium living. The result is a two-story penthouse with 6,922 square feet of indoor space and an additional 3,750 square feet of terraces, offering breathtaking panoramic views. It’s a unique blend of functionality and elegance that sets a new standard for boutique waterfront living.

PM: Can you tell us more about the unique features that set La Maison Penthouse apart from other luxury residences in Miami?

AB: La Maison is a rare find—a massive estate within a boutique building. Its open-concept design seamlessly connects the kitchen, lounge/bar, and living room, creating an expansive flow of space. What makes it truly unique is the wraparound terrace, the largest on the island, with a private pool, outdoor dining area, and living room. The views are breathtaking, offering a full perspective of the canal, Bay Harbor mansions, and even Billionaire Bunker to the left. It’s a home that redefines luxury living.

PM: What kind of views can residents expect to enjoy from the penthouse’s terraces and rooftop?

AB: La Maison’s wraparound terraces and private rooftop offer unparalleled 360-degree views. Residents can enjoy both sunrises and sunsets, making every day a visual masterpiece. From the two elevated jacuzzis, you can take in the entire island on one side and the serene canal, Bay Harbor mansions, and shimmering water on the other. It’s a panoramic experience that perfectly captures the beauty of Bay Harbor Islands.

PM: Can you discuss the great value of the $13.9 million listing price for this two-floor waterfront residence?

AB: The $13.9 million listing price for La Maison represents exceptional value for such a rare offering. Spanning 10,675 square feet of living space with six bedrooms, wraparound terraces, and the largest rooftop on the island, it’s a true estate in the sky. Features like two private elevators, a rooftop pool, and jacuzzis with 360-degree views add to its exclusivity. Additionally, the price per square foot is comparable to other units in the area, making it an outstanding opportunity for a property that offers unmatched privacy, space, and waterfront amenities.

PM: What commercial projects are under development nearby AIRE Residences that potential buyers should be excited about?

AB: Bay Harbor Islands is finally experiencing the boom it deserves, bringing exciting commercial developments to the area. THE WELL Bay Harbor Islands is a standout, with luxury residences, office spaces, and retail. La Baia Condominiums and Bay Harbor Towers are adding a new level of sophistication with private docks and state-of-the-art facilities. Being steps away from these projects and iconic landmarks like Bal Harbour Shops ensures that AIRE Residences is at the heart of a vibrant, evolving neighborhood.

PM: As a developer, what are some of the signatures you’ve learned to include to add value for future buyers?

AB: As a developer, I’ve learned the importance of privacy and exclusivity, which is why boutique buildings like AIRE offer features like private elevators and limited units. Indoor-outdoor living is another key element, with expansive terraces and amenities like rooftop pools enhancing the lifestyle. Waterfront access, such as private marina docks, is another must-have in South Florida. Finally, timeless design and functionality ensure the property remains appealing and valuable long-term. Each of these details elevates the living experience and creates lasting value for buyers.

PM: Tell us about ABH Development Group and some of the projects in your portfolio.

AB: ABH Development Group is committed to creating transformative real estate projects that combine innovation, luxury, and thoughtful design. With 1,500 units currently in the pipeline, we’re shaping the future of South Florida living. In addition to Aire Residences in Bay Harbour Islands, we are the largest property owner in the Wynwood Norte District of Miami and have 13 multifamily and mixed-use projects ranging from 24 to 150 units in various stages of development within the Wynwood Norte boundaries. We are pleased to play an integral role in the revitalization of this vibrant and diverse neighborhood, and serve as a catalyst for further development. We also just completed a new townhome development in Hollywood, FL. Our collaboration with MG3, one of the most respected construction groups in the region, ensures that our projects meet the highest standards of quality and sophistication. From boutique residences like AIRE to larger developments, ABH is redefining what’s possible in real estate.

Focus and Group Fox secure administrative site plan approval for Brickell Apartment tower

Focus, a seasoned real estate development and construction firm, and Group Fox, a family-owned property and asset management firm, both headquartered in Chicago, have received administrative site plan approval for their latest project, the 517-unit Brickell Starlite apartment tower. This milestone sets the stage for the development of a 39-story luxury high-rise in the heart of Miami’s Brickell neighborhood.

“We are thrilled to finalize the entitlements on this property in Miami,” said Tim Anderson, CEO and Founder of Focus. “The world-class design, unparalleled location, and favorable zoning were strategically developed to meet the needs of the modern renter flocking to the Brickell neighborhood.”

Located within walking distance of the Brickell Metrorail station, the property will offer seamless access to Miami’s Brightline, Tri-Rail, Metrorail, and Metromover transit systems, providing residents with connectivity across South Florida. The developers and design team, led world renowned architectural firm Gensler, proposed a pedestrian and vehicular paseo at the building’s base, linking 7th and 8th streets. This feature will enhance accessibility to retail spaces within the tower and improve connectivity to the nearby I-95 on- and off-ramps.

The Brickell neighborhood remains a focal point for rental demand in South Florida, driven by a booming economy, favorable tax policies, and national migration trends. In 2024, Miami recorded its most competitive rental market in recent history, with apartments renting in an average of just 33 days and nearly 20 renters vying for each available unit.

Focus and Group Fox are in the final stages of permitting for the project and have enlisted a Cushman & Wakefield team—including Chris Lentz, Chris Moyer, Jeff Altenau, Susan Tjarksen, and Marc Royer—to capitalize the development.

Chris Lentz, Executive Director at Cushman & Wakefield, emphasized the project’s significance: “Brickell Starlite is a landmark multifamily development in Miami’s most vibrant and sought-after Brickell neighborhood and represents one of the only new luxury high-rise multifamily products underway in this well-occupied submarket. With extremely limited new developments coming online in Brickell, and the most recent multifamily deliveries dating back to 2019 and 2021, Brickell Starlite is uniquely positioned to meet the strong sustained demand for luxury.”

Allen Morris Company, One of Miami's Oldest Development Firms, Launches Sales of 'Ponce Park Residences' In Coral Gables

In a City already renowned for its luxury residential, the Allen Morris Company, one of the most renown real estate firms in the Southeast U.S., has launched the sales of Ponce Park Residences in Coral Gables. Ponce Park Residences is an ultra-luxury mixed-use, one-of-a-kind boutique condominium community featuring 58 two- to five-bedroom residences. Residences will range in size from 1,900 sq ft to 6,500 sq ft for penthouse residences, and will offer oversized 11’ deep balconies each appointed with a fully loaded Summer Kitchen. Complementing Ponce Park’s residential offerings is a full-service Sky Bar, artisanal café, doorman service and an adjacent Michelin Star restaurant. ONE Sotheby’s International Realty will oversee sales which start at $2.4 million. The sales center for Ponce Park Residences will open in February, offering prospective buyers an exclusive look at the residences and amenities.

Located at 3000 Ponce de Leon Blvd., at the intersection of Ponce de Leon Blvd. and University Drive, the eleven-story, 58-residence boutique enclave will also feature 30,000 sq ft of amenities including rooftop pools, jacuzzi, a fully appointed spa, and a fully staffed rooftop bar for residents. The program also includes 25,000 square feet of curated ground floor retail, including a world-renown restaurant that will anchor the project, all a few minutes’ walk from the famed Miracle Mile.

To be located directly adjacent to Ponce Circle Park, the Allen Morris Company will contribute $2 million to help support enhancements and upgrades at the public park which will benefit all Coral Gables residents.

Designed by the globally acclaimed John Cunningham of Zyscovich Architects, with interiors by New York-based Meyer Davis, Ponce Park’s design pays homage to the City’s rich Mediterranean influence, while integrating contemporary elements and every imaginable amenity. Construction is scheduled to begin Q4 2025, with a late 2027 completion date.

“Ponce Park will become a building of timeless elegance”, says W. A. Spencer Morris, President of the Allen Morris Company. “The structure is clad in the finest natural stones, with Venetian plaster accents and custom artisanal metal and wood details throughout, it is truly in a category of its own.”

Ponce Park’s location is truly distinct, set among the pristinely landscaped streets of Coral Gables, the building will be perfectly European, with its interiors designed and curated by the acclaimed New York-based Meyer Davis. Timeless elegance will be Ponce Park’s legacy. Beyond the adjacent Ponce Circle Park, residents will enjoy private serene outdoor retreat areas within the property through thoughtfully designed landscaping.

Additional features of the bespoke residences include 11’-12’ ceilings, private elevators, chef-grade kitchens, Italian wood cabinetry, double waterfall Italian stone countertops and premium appliances, including Sub-Zero, Wolf, and La Cornue. Ponce Park’s smart home technology and cutting-edge automation will be unparalleled, melding artistry with innovation.

“Ponce Park is an iconic expression that will become the new Southern Gateway to Coral Gables. The artful composition, massing detailing, and refined materiality of the building will make it a celebrated and cherished landmark for generations to come,” said John A. Cunningham, Managing Director, of Zyscovich Architects.

“Our vision for Ponce Park was to craft a space that honors the essence of Coral Gables—its lush landscapes, timeless elegance, and vibrant community. Working with a developer who shares our passion for creating timeless, harmonious spaces, we have designed a destination where lush greenery, European-inspired details, and inviting pathways to come together to celebrate community, history, and the art of living beautifully,” adds Nancy Santorelli, Managing Director, Meyer Davis.

“Ponce Park represents a rare opportunity to bring a truly transformative vision to life in the heart of Coral Gables,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “This project is a harmonious blend of timeless design, unparalleled luxury, and an extraordinary location. It offers buyers the chance to experience a level of exclusivity and elegance that will redefine urban living in one of the nation’s most coveted neighborhoods.”

For more information about Ponce Park Residences or to inquire about purchasing a unit please fill out the form below:

2025 Discover Boating Miami International Boat Show Returns February 12-16

The highly anticipated 2025 Discover Boating® Miami International Boat Show® is set to return to Miami from February 12 to 16, 2025, bringing the world’s largest collection of boats and marine products to South Florida. As the boating world converges on the Magic City, this iconic event promises to offer both seasoned boating enthusiasts and first-time buyers a glimpse into the latest trends and innovations in the marine industry.

This year’s event will take place at some of the most iconic spots in Miami and each venue will showcase a variety of boats, from motor yachts ranging from 30 to 125 feet at Herald Plaza to exclusive superyachts at Yacht Haven Grande Miami, accessible with VIP or Superyacht Miami tickets. The Miami Beach Convention Center will feature a range of boats up to 49 feet, as well as engine manufacturers, marine accessories, and electronics. The Venetian Marina will also provide visitors the chance to get hands-on experience through sea trials, offering attendees the opportunity to test drive vessels and see firsthand how they perform on the water.

Attendees will have access to a diverse range of boats—from luxury yachts to fishing vessels—and cutting-edge marine technologies and accessories. As always, the show promises to be an immersive experience, offering a wealth of opportunities for attendees to connect with top manufacturers, explore new products, and even test drive the latest boats on the water.

For those looking to enjoy an elevated experience, the Windward VIP Experience offers exclusive access to private lounges, gourmet food, premium open bars, and a host of additional perks, including complimentary transportation and access to the Superyacht Miami at Yacht Haven Grande Miami.

As part of its commitment to sustainability, the Miami Boat Show will emphasize environmental responsibility through initiatives like a no single-use plastic policy, water refill stations, and on-site recycling efforts. Additionally, a unique art installation made from plastics collected from Miami’s beaches will highlight the importance of ocean conservation and the show’s dedication to reducing its environmental impact.

The Discover Boating® Miami International Boat Show® has long been one of Miami’s premier events, attracting over 100,000 attendees each year and contributing an estimated $956 million to the region’s economy. The event is a key driver of tourism and a significant boon for Miami’s hospitality and real estate sectors, drawing visitors from across the globe to experience everything Miami has to offer, both on land and at sea.

With its combination of stunning boats, cutting-edge marine technology, and immersive experiences, the 2025 Discover Boating® Miami International Boat Show® is set to once again make waves in the Miami real estate market, attracting boating enthusiasts, industry professionals, and tourists alike to the heart of one of the world’s most dynamic cities. To purchase tickets, click here.

3000 Waterside: A New Luxury Waterfront Development Launches in Fort Lauderdale

Claridge Homes, a Canadian real estate development firm, has officially launched 3000 Waterside, a luxury waterfront condominium project situated along the Intracoastal Waterway in Fort Lauderdale. After quietly attracting interest during the winter of 2024, the development has already secured $26.75 million in pre-sales, reflecting the demand for high-end waterfront living in the area.

The 18-story tower will feature 129 residences ranging from 1,120 to 2,647 square feet, with designs that emphasize indoor-outdoor living through expansive floor-to-ceiling windows, glass balconies, and terraces. Views of the Intracoastal Waterway, the Atlantic Ocean, and the Fort Lauderdale skyline will be a highlight of many units. The residences will include upscale finishes such as large-format porcelain tile flooring, European-style cabinetry, quartz countertops, and wine chillers in the kitchens.

The top four floors will house 23 penthouse units, which will offer additional features such as dens or media rooms and range from two-bedroom layouts to larger configurations with up to four bedrooms and four bathrooms. Select penthouse buyers will also benefit from reserved parking spaces.

Amenities at 3000 Waterside are designed to provide a resort-inspired lifestyle. A 19th-floor rooftop space will offer 8,500 square feet of landscaped areas with a hot tub, fire pits, and outdoor bars, all with panoramic views. Other amenities include a waterfront pool deck overlooking the Intracoastal, a fitness center with a yoga studio, and a spa lounge with a steam room, sauna, and treatment space. For dining, the property will feature an on-site restaurant with indoor and outdoor seating options.

Additional features include a double-height waterfront lobby with 24/7 concierge services, a billiards room, a barbecue courtyard, and private spaces for entertaining such as a party room and kitchen. Owners will also have access to two guest suites available for short-term rental, providing convenient accommodations for family and friends.

For boating enthusiasts, the development will offer 13 private boat docks available for purchase by residents, as well as a dock for restaurant guest pick-up and drop-off. Every residence will include a storage locker, with electric vehicle charging available as an upgrade.

Located at 3000 East Oakland Park Boulevard, 3000 Waterside provides residents with proximity to Fort Lauderdale’s beaches, marinas, and cultural attractions. The property is within walking distance of the city’s scenic canals and pedestrian-friendly streets, which are ideal for cycling and jogging. Fort Lauderdale-Hollywood International Airport is just 10 miles away, and the nearby Brightline station provides a quick 30-minute connection to Miami. Pricing for the residences begins at $990,000, with delivery expected in May 2028.

For more information about 3000 Waterside or to inquire about purchasing a unit please fill out the form below:

Robert Rivani's Black Lion Investment Group Sells Restaurant Space Occupied by CATCH in South Beach For Record $28.2 Million

Black Lion Investment Group, led by Robert Rivani, has sold one of their trophy assets in Miami Beach’s highly sought after South of Fifth neighborhood for $28.2 million to Texas-based investor River Oaks Properties, led by its President Adam Frank. Purchased in 2022 for $11.5 million, Black Lion strategically acquired the location at 200 South Pointe Drive and within weeks signed a 15-year lease to bring in CATCH, one of the most renowned dining destinations in the country. The transaction marks the highest value attributed to a freestanding restaurant property in Florida’s history, showcasing the demand for irreplaceable assets in Miami’s exclusive South of Fifth neighborhood.

“We are proud to have played a key role in bringing a world-class tenant to one of Miami’s most iconic neighborhoods. CATCH has elevated the city’s dining scene, and we are grateful to their team for placing their trust in us and our property,” said Rivani. “This deal underscores the resilience and growth potential of the restaurant industry in the South Florida market.”

CATCH first opened its doors in New York City's Meatpacking District in 2011. Its Miami outpost, which debuted last summer, offers an impressive 23,000-square feet of space. The restaurant showcases a mix of indoor dining and an outdoor rooftop space, designed by Rockwell Group.

JLL Capital Markets' Alex Sharrin and Jeffrey Cicurel represented Black Lion in the transaction, and procured the buyer represented by Pegasus Investment's David Chasin and Daylin Ackerman.

“CATCH Miami Beach represents a rare fusion of a critically acclaimed dining operator, underpinned by credit, and positioned amidst some of the most coveted real estate in the country – Miami Beach’s South of Fifth neighborhood,” Sharrin added.

Black Lion’s portfolio includes an impressive array of hospitality-driven properties with tenants including Gekko, Amara, Rosa Negra, and the upcoming GAIA. Rivani recently cemented his bullish run on Miami by purchasing a 160,000-square foot office building at 1691 Michigan Ave in April 2024. Coined ‘The Rivani’, the hospitality visionary plans to transform the office building into a Class X space showcasing features you would find at an exclusive 5-star hotel including a concierge, spa, meditation room, fitness center, salon, cafe, and a Japanese restaurant and speakeasy.

“Miami continues to solidify its status as a world-class, thriving city and we are proud to play a part in its evolution,” said Rivani. “We are excited to soon unveil an incredible lineup of tenants who will be joining ‘The Rivani’ this year.”

Related Companies To Co-Develop Citadel's Waterfront Foster + Partners-Designed 1201 Brickell Bay Drive Supertall

Billionaire hedge fund manager Ken Griffin will be partnering with the New York-based Related Companies to develop co-develop Citadel’s new supertall tower at 1201 Brickell Bay Drive. The project, with a proposed height of 1,032 feet and 54 stories, will be a mixed-use development featuring 1.3 million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more.

Designed by Foster + Partners, the 1.7 million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in the third quarter of 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

After announcing that both Citadel and Citadel securities will move to Miami from Chicago, Citadel was revealed as the buyer of 1201 Brickell Bay Drive after Tibor Hollo’s Florida East Coast Realty sold the 2.5 acre supertall development lot in a $363 million mega-deal in April 2022. Also in April 2022, Griffin acquired the adjacent 1250 Brickell Bay Drive and 1260 Brickell Bay Drive for $20 million, the lots total roughly 6,655 SF. The lots are adjacent to 1221 Brickell Avenue, which an entity tied to Citadel acquired in June 2022 for $286.5 million. The assemblage of properties spanning from 1221 Brickell Avenue to 1250-1260 Brickell Bay Drive is across the street from 1201 Brickell Bay Drive. The price equated to $145 million per acre, $3,340 PSF dirt value.

Ken Griffin’s net-worth is estimated to be about $31 billion and he has been one of the largest luxury property buyers in the world over the past several years. Also in Miami, Griffin has spent years and $170 million acquiring a Star Island assemblage. He made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. The acquisitions total $170 million. Griffin also set a record when he was revealed as the buyer in the mega-transaction for the four-acre waterfront Adrienne Arsht compound for a staggering $106,875,000.

Renderings via Foster + Partners

Carbon Neutral Apple Miami Worldcenter Now Open In Downtown Miami's Miami Worldcenter

In a significant addition to Downtown Miami, Apple has announced the upcoming grand opening of its new store at Miami Worldcenter, designed to be a vibrant destination for technology enthusiasts and casual shoppers alike. This will mark Apple’s sixth retail location in the Miami-Dade County, further cementing the tech giant’s expanding footprint in this bustling region.

Located in the heart of the fast-developing Miami Worldcenter project, the store occupies 15,000 square feet at 725 NE 1st Ave. The Miami Worldcenter itself is an ambitious 27-acre development, boasting a $6 billion investment and featuring a mix of residential, commercial, and hospitality assets. With the Apple store situated adjacent to a 20,000-square-foot outdoor public plaza, dubbed World Square, it’s designed to enhance community interaction and pedestrian traffic. This stylish, one-story structure will not only deliver Apple’s renowned customer experience but will do so in an environmentally conscious manner.

Reflecting Apple’s commitment to sustainability, Apple Miami Worldcenter has been constructed using regionally sourced mass timber and other low-carbon materials, successfully reducing the carbon intensity of its construction. The store operates on 100% renewable energy, achieving carbon neutrality in its operations. The design embraces biophilic principles, creating a seamless connection between the interior and the lush green surroundings, which is particularly inspired by Miami’s diverse and multicultural landscape.

Accessibility is a core focus of the new space, featuring universal design principles to accommodate all customers. The layout includes varied table and seating heights to facilitate product exploration, spacious access routes for wheelchair users, and assistive listening technology for customers who use hearing aids.

Furthermore, the Miami store introduces the first dedicated Apple Pickup area in the city, streamlining the process for customers who prefer to shop online and collect their orders in-store.

To celebrate its grand opening on January 24 at 10 a.m., Apple Miami Worldcenter will host a lineup of special programs. Customized sessions of Today at Apple will highlight the store's unique environment and sustainable design, along with special Made for Business events facilitated by local entrepreneurs. Visitors will have the opportunity to engage with Apple’s rich ecosystem of products, featuring the latest iPhone 16, iPad, MacBook Pro, and more.

The store's team, comprising over 150 Apple specialists, is dedicated to providing exceptional support and education to customers, helping them navigate Apple's innovative features and tools.

Miami Worldcenter stands as one of the largest privately owned urban development projects in Florida. Its ongoing phases are set to incorporate a breathtaking mix of lifestyle, dining, and retail experiences, alongside residential towers. Ground-breaking new restaurants, retail brands, and hospitality venues—including a citizenM hotel and a Lucid Motors showroom—are already part of the vibrant landscape.

With the Miami Worldcenter Apple Store, the development promises not just to bolster the local economy but also enrich community ties through technology and innovation. As Miami continues to evolve as a tech hub, Apple’s presence aligns perfectly with the city’s vision for growth and sustainability.

Renderings via Apple

Mast Capital and Starwood Capital Group Secure $390 Million Construction Loan For The Perigon Miami Beach

Following the commencement of construction this past spring, The Perigon Miami Beach, a joint venture condominium development on Miami Beach between Miami-based real estate development group Mast Capital and a controlled affiliate of Starwood Capital Group, a globally renowned private investment firm led by Barry Sternlicht, has closed $390 million in construction financing. This monumental achievement underscores the project’s exceptional quality and market appeal, marking a pivotal step forward in delivering what will be a landmark of architectural excellence and refined living. The Perigon Miami Beach broke ground in April 2024 spearheaded by general contractor Moss Construction and is slated for delivery in 2027.

The Perigon’s financing, one of the largest construction loans to close in Miami Beach over the last year, is being provided by Eldridge Real Estate Credit, a leading investor in real estate credit opportunities throughout the U.S., U.K., and Europe, including construction, bridge, and special situation opportunities across the capital structure.

“The successful closing of this landmark construction loan underscores the extraordinary momentum of The Perigon and the overwhelming market response it has garnered. We took great pride in bringing together a world-class team of architects, designers, and culinary visionaries to shape The Perigon Miami Beach into an iconic condominium that resonates with discerning buyers, drawn to its unparalleled beachfront setting and timeless sophistication,” said Camilo Miguel, Jr., Founder and CEO of Mast Capital. “The robust interest from the lending market further validates the strength of our sponsorship and cements The Perigon’s position as a defining statement in ultra-luxury living.”

With over 75% of residences sold, The Perigon’s sophisticated architectural design, world-class amenities, and exclusive location stands as a powerful testament to the team’s collective expertise and determination to redefine ultra-luxury living in Miami Beach.

“We are proud to partner with Mast Capital and Starwood Capital Group on The Perigon Miami Beach, a development that sets a new standard for ultra-luxury residences in Miami. This is a project that represents the exceptional, visionary real estate we seek to finance, and further underscores the continued growth and momentum of our business,” added Matthew Rosenfeld, Managing Director, Eldridge Real Estate Credit.

The ultra-luxury tower offers two- to four-bedroom residences ranging from 2,100 to 6,700 square feet, with eight private guest suites. Currently starting at just over $10 million, the residences are impeccably designed by acclaimed interior designer Tara Bernerd, featuring the finest finishes, expansive 10-foot ceilings, and 10- to 12-foot-deep wraparound balconies that frame direct water views. Sales and marketing are exclusively overseen by Douglas Elliman Development Marketing.

As the first Miami Beach residential project designed by internationally renowned architectural firm OMA, led by visionary architect Rem-Koolhaas, the diamond-shaped luxury condominium tower will feature 73 two- to four-bedroom residences offering breathtaking beachfront views. Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon is situated at 5333 Collins Avenue in Miami Beach’s prestigious Mid-Beach neighborhood. With expansive beachfront acreage, unparalleled exclusivity, and an emphasis on privacy, it presents a lifestyle experience that is both rare and highly coveted.

The ultra-luxury condominium offers approximately 40,000 square feet of thoughtfully designed indoor and outdoor amenities, curated to elevate every aspect of lifestyle. Highlights include a private oceanfront restaurant and private speakeasy conceptualized by Michelin-starred chef Shaun Hergatt, who will oversee the property’s exclusive food and beverage offerings. Additional amenities feature an oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, a private salon, a fully equipped fitness center with panoramic ocean views, a children’s playroom, a screening room, a wine room, guest suites, and a striking double-height lobby lounge. These spaces are brought to life by a dedicated lifestyle concierge and residential butler, ensuring an unparalleled level of service. Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, in-residence dining and more, offering a seamless blend of luxury and convenience.

Renderings via The Perigon Miami Beach

For more information about The Perigon Miami Beach or to inquire about purchasing a unit please fill out the form below: