The Markers Grove Isle Given The Green Light To Move Ahead With Development On Grove Isle

Afters nearly 5 years of litigation, The Markers Grove Isle, located on Coconut Grove's Grove Isle, has reportedly received the green light to move ahead with sales. No construction permits have been issued at this time as the anti-development movement against the project has not backed down. In 2013 an investor group led by Eduardo Avila, Grove Isle Associates, LLC., purchased 7 bayfront acres on Grove Island and announced the luxury condo project which was met with pushback by a selection of Grove Isle residents. After scoring a legal victory, the developers can now bring their 65-unit The Markers Grove Isle luxury condo project to the exclusive island. The Markers Grove Isle is designed by CallisonRTKL with interiors by Bernardi and Peschard and landscape architecture by EDSA. Located at 4 Grove Isle Drive, Coconut Grove, the project will rise 7-stories and will wrap around the northern corner of the island providing residents with panoramic bay views. Units come in 3 and 4 bedroom floorplans with 14 two-floor penthouses. Residences will feature 11'- 12' 6" ceilings with floor-to-ceiling glass; oversized balconies with 15'+ depths and summer kitchens; large modern kitchens with island, Boffi cabinetry, wine storage, and Wolf and SubZero appliances; and, luxurious bathrooms with natural stone walls and countertops, as well as spa tubs and rain showers. Penthouse units will feature private elevators and roof decks complete with private pools. Amenities include a curated art lobby, business center, a waterfront residents’ lounge, state-of-the-art fitness center, private waterfront pool and jacuzzi featuring luxury cabanas as well as pool attendants for food and beverage services, watersports pavilion offering kayaks and paddle boards, a 40' Fjord boat exclusively for resident-use, multi-purpose event room, children's playground, 24-hour valet and concierge services, pet services and grooming, watersports equipment and gear storage, and bicycle storage. Residents will also receive membership to the exclusive Grove Isle Club. Pre-sales have officially been launched with 3 units already under contract. Pricing for 3-bedroom residences start at $2.2 million and 3-bedroom penthouse residences begin at $5.9 Million.

Brightline To Begin Passenger Rail Service Between West Palm Beach And Fort Lauderdale January 8th

Brightline will be launching South Florida into the future in early 2018 as they have announced that they will begin their inaugural rail service between West Palm Beach and Fort Lauderdale the week of January 8, 2018. For the past several months they have made progress toward operational readiness by training employees and test equipment. Simultaneously work on the track between Miami and Fort Lauderdale is wrapping up and is expected to launch in Q1 2018. In December the Brightline locked down final approvals for Phase 2 from the U.S. DOT to begin construction to Orlando in 2018. Brightline also closed on the sale of $600 million in Private Activity Bonds to finance the Phase 1. Brightline has also received approval to sell an additional $1.15 billion in PAB Bonds for Phase 2. Brightline is reportedly also considering alternative financing including a Railroad Rehabilitation and Improvement Financing loan. When completed the Brightline will set the new benchmark for travel by train in America with express inter-city passenger rail service connecting Miami, Fort Lauderdale and West Palm Beach, with future service to Orlando. Providing a travel option that lives at the intersection of transportation and hospitality, the service is expected to reduce traffic and provide South Floridians with a simple and intuitive experience from door to destination, and foster new opportunities to explore more of Southeast Florida. Brightline will be the only privately owned, operated and maintained passenger rail system in the United States. 

Check-Out The New Gucci Flagship Boutique Now Open In Miami Design District

During Art Basel PROFILEmiami got an exclusive first look at Miami's newest Gucci store which opened last month in the fast growing, fashion hotspot Miami Design District. The MDD location will become Gucci's Miami flagship and will also feature the full Gucci Décor collection available for sale. The store is located at 139 NE 41st Street and serves as a gateway to MDD's new Paradise Plaza. The two-floor boutique covers 4,700 SF and reflects Gucci's new design concept by Creative Director Alessandro Michele including a marble encased exterior façade complete with pistachio-green-washed industrial metal rivet accents, paying homage to classic Gucci design. Adjacent is a custom Coco Capitán mural painted exclusively for Gucci's MDD location which also is featured on a two piece collaboration consisting of a drawstring backpack and belt bag that are exclusively available at the MDD boutique. Inside, a red velvet wrapped, lacquered wood staircase has already become an Instagram icon along with European White Oak floors, marble polychrome inlay carpets, varnished iron wall finishes, and Gucci Décor accents including velvet armchairs and couches. Upstairs features a custom VIP lounge complete with pink fabric walls and a marble mosaic floor which houses limited edition and exclusive pieces available for purchase. The Gucci boutique at MDD is currently showcasing the complete collection of men’s and women’s ready-to-wear, handbags, shoes, jewelry, and accessories for Fall Winter 2017, Cruise 2018, as well as Gucci Décor.

Construction Update: Missoni Baia Releases New Drone Video Showing Construction Teams Powering Through Phase 1

Vladislav Doronin's OKO Group has released a new drone video showing construction teams powering through the first phase of construction. Since breaking ground in October 2017, 190 piles totaling over 12,000 linear feet have been installed along with 150 tons of steel reinforcing bar, and over 1,000 cubic yards of grout and concrete. Construction crews are gearing up to begin pile cap installation. Missoni Baia will feature 249 condo residences situated along 200' of frontage on Biscayne Bay at 777 Northeast 26th Terrace. Prices start in the $500,000's for a 1 bedroom residence. Units range from 1 to 5 bedrooms, and 776 SF to 3,788 SF. Missoni Baia will rise 57-stories, 649', and was designed by Hani Rashid of Asymptote Architecture, who are pioneers in the convergence of art and technology in architectural design. The interior design of the building incorporates Missoni’s trademark colorful design palette and Missoni Home furniture collection in inventive ways, including in all public spaces and amenities. Amenities were designed in collaboration with Missoni and offer the comforts of a luxurious resort in a private residential setting. Features include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, 5 swimming pools including an Olympic-sized lap pool, hot and cold plunge pools, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis court and an expansive fitness center and spa overlooking the bay. Missoni Baia is over 30% sold and completion is expected in Fall 2020. The drone construction video can be found below. 

Alco International Group Breaks Ground On Adagio Fort Lauderdale At 30% Sold

Alco International Group has broken ground on Adagio Fort Lauderdale located at 435 Bayshore Drive. The waterfront building is designed by GS4 Studios with interiors by Steven G and will rise 10 stories on the Intracoastal. The project is reportedly 30% sold and features 31 residences which range from 2 to 4 bedroom layouts. Residences come complete with 10' ceilings, kitchens featuring quartz countertops, gas Gaggenau cooktops, and Scavolini Italian cabinetry, and outdoor space complete with summer kitchens. Amenities include a private marina with 53' boat slips, a fitness center, media room, sunset pool and a rooftop pool with cabanas providing panoramic views of the Intracoastal, Atlantic Ocean and Fort Lauderdale. Units start at $1.8 million and sales are being exclusively marketed by ONE Sotheby's International Realty. Adagio Fort Lauderdale is expected to be delivered Q2 2019.

Brightline Locks Down Final Approvals For Phase 2, To Begin Construction To Orlando In 2018

Brightline can finally begin construction on Phase 2, their new line of tracks to Orlando after gaining federal approval from the U.S. DOT for the transit line. Construction on Phase 2 is expected to kick off in early 2018. Service is expected to soon commence between Fort Lauderdale and West Palm Beach, adding service to Miami soon after. On December 15, 2017, the U.S. Department of Transportation issued a Record of Decision for the privately funded Brightline intercity passenger rail project between Miami and Orlando. The Record of Decision (ROD) represents the final step in the National Environmental Policy Act (NEPA) process after the Final Environmental Impact Statement (FEIS) was issued in 2015 and is the last federal environmental approval needed to construct the system between West Palm Beach and Orlando. This decision marks the achievement of another significant milestones for the company as it gears up to launch Phase 1 of its service and start construction north of West Palm Beach. Over the past 4 years, The Federal Railroad Administration worked with the Army Corps of Engineers and the U.S. Coast Guard, along with local authorities, cities and counties, on the project's development and issuance of the FEIS. Brightline’s station in Orlando will be located at the Orlando International Airport’s new Intermodal Terminal Facility (ITF) that will be the hub of the future South Terminal complex. The ITF is connected to the North Terminal by a recently completed Automated People Mover and includes a 5,000-space parking garage. SunRail, Central Florida’s commuter rail system, has a planned connection to the ITF. Over the next few months, Brightline will finalize the design for the rail infrastructure and the 70-acre Vehicle Maintenance Facility which will be located on Orlando International Airport property. Construction of the system will create thousands of jobs and provide a much-needed link between Florida’s two most visited and populated regions.

“This is the most critical and final step in the extension of Brightline’s service to Orlando, and we are excited to move forward with Phase 2,” said Dave Howard, Brightline’s CEO. “This was a great year for us as we completed construction on two of our major stations and rail infrastructure, successfully presold tickets and corporate packages to individuals and businesses throughout the region and priced $600 million in Private Activity Bonds to fund Phase 1. We look forward to launching service to Miami and starting construction north to Orlando in the first quarter of 2018.”

MEC Development Associates & B Developments Locks Down Construction Financing For Casa Grove, To Break Ground In January

MEC Development Associates and B Developments plan to break ground on Casa Grove in January. The developers who are developing the project as a joint venture recently locked down a $27 million construction loan for the approved luxury apartment tower from Israeli lender Bank Hapoalim (BHI). Casa Grove which will bring 130 rental apartment units to 2900 Southwest 28 Lane. B Developments purchased the 1-acre property in 2015 for $6.1 million. The project is being designed by Itec Design and will rise 12-stories, featuring 200,000 SF of total development including 12,000 SF of commercial space. Units will start at 635 SF and range up to 1,400 SF and amenities will include a 5th floor amenity deck and direct access to the Underline. The transit oriented project is located just a short distance from the Coconut Grove Metrorail Station, offering residents immediate access to the Metrorail. The project will help kick-off the Underline, the new landscaped recreational public space under the metro rail. Public space from Casa Grove will feed into the Underline, providing a seamless connection to the new initiative. Casa Grove is expected to be completed in 2019.

PROFILEmiami first broke then news covering the announcement of Casa Grove in October 2016.

Florida East Coast Realty On Track To Begin Construction On KPF-Designed Supertall One Bayfront Plaza In Early 2019

Miami is set to get its first supertall in the fast emerging Downtown neighborhood, as Tibor Hollo's Florida East Coast Realty is gearing up to begin construction on the 1,049', 92-story, Kohn Pedersen Fox (KPF)-designed One Bayfront Plaza in 2019. Demolition of an existing office building on the current site is scheduled for the first half of 2019. The tower will reportedly be grandfathered into old Miami zoning codes, allowing Florida East Coast Realty to avoid the 30,000 SF floorplate limit under Miami 21 and build at 36,000 SF floorplates, making the office space more attractive compared to other offerings on the market. The 1,049' design by KPF maximized the height approved by the FAA. One Bayfront Plaza will feature 902 apartments, 200 hotel rooms, 532,000 SF of Class A Office Space, 103,959 SF of retail, pedestrian bridge to the metromover and 1,055 parking spaces. The residences and hotel will feature a sky recreation deck which will have 2 pools, one being for residents and one for hotel guests. There will also be another amenity deck on the 40th floor. One Bayfront Plaza is expected to be delivered in mid to late 2022. 

Two Roads Development Officially Breaks Ground On The Bernardo Fort-Brescia-Designed Elysee In Edgewater

South Florida-based Two Roads Development has officially broken ground on Elysee, marking the rise of newest luxury condominium tower in East Edgewater. The announcement comes on the heels of last year’s delivery of Biscayne Beach, Two Roads Development’s first East Edgewater luxury condominium project, which was nearly sold-out at completion. Edgewater has been one of the fastest-growing neighborhoods in Miami’s urban core and Elysee will bring 100 ultra-luxury units to 788 NE 23rd Street along Biscayne Bay. The surrounding neighborhoods including Miami Design District, Wynwood Arts District, Midtown, and Miami Beach put residents within blocks of luxury retail shops, high-end restaurants and world-class arts and culture venues. Elysee is being developed in partnership with entities managed by New York-based investment firm DW Partners. 

“We are thrilled that our second East Edgewater project is underway,” said Reid Boren, managing partner of Two Roads Development. “The market response to Elysee – even before the first shovel was in the ground – speaks to the strong demand for ultra-luxury living that is on the waterfront, but also conveniently close to Miami’s urban core. With Bernardo Fort-Brescia’s iconic design and Jean-Louis Deniot’s chic interiors, Elysee will take its place among Miami’s signature buildings.”

"This building is a monument to functional rationality, that at first sight feels daring and whimsical,” explains Bernardo Fort-Brescia, principal of Arquitectonica. “The 57-story reverse ziggurat form follows the building’s function – with smaller apartments below and larger ones above all with maximized views to the bay and sky — resulting in an unexpected and distinctive addition to the skyline." 

“East Edgewater is the best value proposition in South Florida. With more than a dozen new residential projects in the works there, demand remains sky-high. As the last urban waterfront neighborhood in Miami zoned for residential condominiums, significant appreciation is virtually guaranteed. Elysee’s boutique exclusivity, idyllic bayfront location, commanding views and world-class amenities will brand it as a standout property for a long time to come,” said Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project’s exclusive sales and marketing brokerage.

The luxury condo tower will be located at 700 Northeast 23rd Street in Miami's Edgewater neighborhood. Elysee will rise 57-stories and was designed by architect Bernardo Fort-Brescia of Arquitectonica. The tower will feature 100 half-floor and full-floor residences priced from $1.5 million to $14 million. The tower will feature 3-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. Luxury residences at Elysee will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10' to 12' ceilings, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with 180-degree sunrise and sunset views. Interiors were designed by Paris-based interior architect and designer Jean-Louis Deniot. The 7th floor will feature an amenity deck which will include a resort-sized lap pool with a poolside refreshment bar, outdoor summer kitchen and barbecue terrace; waterfront fitness center and yoga studio; spa facilities with private sauna, steam and massage rooms; children’s lounge; and a blow-dry bar. The 30th-floor will feature an Owners Sky Lounge with Grand Salon lounge area and full bar; a Grand Dining Room with seating for up to 30 guests; a professional-grade chef’s kitchen and chef’s table; and a library/private theater, game room, and wine room. Cervera Real Estate is the exclusive sales team for Elysee. Delivery is expected for 2019. 

Two Roads Development To Break-Ground On The Luxe Bayfront Tower Elysee In Edgewater On December 13

Two Roads Development will officially break ground on Elysee on December 13, just months after locking down $16.5 million in construction financing and awarding nearly $400,000 of commission checks to top brokers. The luxury condo tower will be located at 700 Northeast 23rd Street in Miami's Edgewater neighborhood. Elysee will rise 57-stories and was designed by architect Bernardo Fort-Brescia of Arquitectonica. The tower will feature 100 half-floor and full-floor residences priced from $1.5 million to $14 million. The tower will feature 3-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. Luxury residences at Elysee will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10' to 12' ceilings, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with 180-degree sunrise and sunset views. Interiors were designed by Paris-based interior architect and designer Jean-Louis Deniot. The 7th floor will feature an amenity deck which will include a resort-sized lap pool with a poolside refreshment bar, outdoor summer kitchen and barbecue terrace; waterfront fitness center and yoga studio; spa facilities with private sauna, steam and massage rooms; children’s lounge; and a blow-dry bar. The 30th-floor will feature an Owners Sky Lounge with Grand Salon lounge area and full bar; a Grand Dining Room with seating for up to 30 guests; a professional-grade chef’s kitchen and chef’s table; and a library/private theater, game room, and wine room. Cervera Real Estate is the exclusive sales team for Elysee. Delivery is expected for 2019.