Related Group & sbe Announces Construction At 85% Sold Hyde Beach House Passes Halfway

The highly anticipated Hollywood Beach project Hyde Beach House, which is being developed in partnership by The Related Group and sbe, is now over 50% complete and 85% sold. The project is on track for a 2019 completion, and construction is currently on the 24th floor with John Moriarty & Assocaites. Hyde Beach House features 265 resort-condo units and 77 condominium residences, rising 43 floors. The tower was designed by Cohen, Freedman, Encinosa and Associates and features interiors by Brazilian designer Debora Aguiar. 

Hyde Beach House fuses the creative vision of sbe’s entertainment and hospitality offerings including Etaru, a Hyde signature restaurant overlooking the infinity-edge pool and accessible via the Intracoastal offering seasonal cuisine and signature craft cocktails, professionally managed by Gemstone. Other amenities include an elegant double-volume entrance lobby appointed with contemporary furniture and finishes, expansive pool deck with views of the Atlantic Ocean and the Intracoastal Waterway featuring semiprivate cabanas, an infinity-edge pool, an outdoor kitchen and dining area, and an outdoor movie theater with lounge area and fire pit, a sports Club featuring amazing Intracoastal views from an outdoor multi-use sports court (tennis, basketball and indoor racquetball court), state-of-the-art fitness center, health club, an aqua Club situated directly on the Intracoastal Waterway renting Jet Skis, paddle boards, kayaks, windsurfing, and kite surfing, and a private rooftop lounge area exclusive to unit owners with a hot tub, a modern outdoor shower, a lounge area with sunbeds, a dining area, a fire pit, and panoramic water views. 

Hyde Beach House features a curated collection of original works of contemporary art throughout amenity spaces featuring pieces from contemporary artists like Aureliano Parra, Gonzalo Fuenmayor, Felipe Echeverri, and Aldo Chaparro.

Two Roads Development Completes 20+ Hour Concrete Foundation Pour At The 57-Story Elysee in Edgewater

Two Roads Development has completed a massive, 20+ hour concrete pour at the 57-story Elysee, as construction prepares to go vertical in Edgewater. The milestone comes following months of piling and excavation subterranean work. A crew of about 75 construction workers were on staff to pour which was orchestrated by general contractor John Moriarty & Associates of Florida. About 20 mixing trucks carrying 260 truckloads rotated in shifts to pour approximately 3,000 cubic yards of concrete weighing more than 5,000 tons into a massive excavated hole for the tower’s concrete mat, which sits on top of nearly 300 pilings reaching depths up to about 150-feet below the ground’s surface.

“Once complete, Elysee will be a retreat in the center of one of the most desirable parts of Miami,” said developer Taylor Collins, managing partner at Two Roads Development. “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.”

Elysee is a 57-story bayfront, hyper-luxury condo tower that features 100 half-floor and full-floor residences, located at 788 NE 23rd Street. The building, which rises 648', is designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica with interiors created by France’s top designer Jean-Louis Deniot. Residences range from three- to five-bedroom layouts measuring between 2,300 SF to 4,000 SF. Units include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10 to 12-foot ceiling heights, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, and flow-through floorplans with 2-terraces for sunrise and sunset views. Amenities include 2 resort style pools, a health club with state-of-the-art fitness center, yoga studio, spa with sauna, steam and shower facilities and private massage rooms, exclusive entire 30th floor Owners Sky Lounge featuring a great room, a grand salon entertainment area with a full bar and piano lounge, grand dining room, wine room, chef’s kitchen, library, and Elysee Attaché, a premium concierge service that will be available to residents 24/7 for travel arrangements, dinner reservations, concert and event tickets, etc.

Elysee is being developed by Two Roads Development in partnership with entities managed by New York-based investment firm DW Partners. When complete Elysee will be one of the tallest towers in Downtown Miami’s East Edgewater neighborhood. The tower is expected to be delivred in 2020. Residences are priced from $1.5 million and range upwards of $10 million with sales exclusively overseen by Cervera Real Estate. 

Photo Timelapse:

Tour Melo Group's Newly Delivered, Arquitectonica-Designed Aria On The Bay

Melo Group's Aria on the Bay is now open for business, after launching sales and construction in 2015. The 53-story, Arquitectonica-designed waterfront tower, located at 1770 N. Bayshore Drive along Biscayne Bay, has become the latest condominium to deliver in Downtown’s growing Arts & Entertainment District. The building is currently closing and delivering units to pre-construction buyers at a rate of over 20 closings per day and the building is over 90% sold. 

Units at Aria on the Bay range from 1 to 4 bedrooms and $400K to $6 million and sold around $550 per square foot. Residences feature floor-to-ceiling glass, expansive wrap-around terraces, private elevator access, open-plan living areas, designer finishes and fixtures, European-style kitchens, and modern custom-designed cabinetry. Amenities include a 14th floor resort amenity deck with 2 sunrise/sunset swimming pools, a jacuzzi, custom-seated fire pits, barbecue grills and outdoor summer kitchens, a private spa with massage treatment facilities, a state-of-the-art fitness center, yoga studio, entertainment lounge, and a screening room.

“When we broke ground on Aria on the Bay three years ago, we envisioned a tower that not only offered first-rate amenities in an ideal location but one whose design would convey elegance and sophistication. We are confident that Aria will take its place among Miami’s most iconic landmarks,” said Carlos Melo, principal of the Melo Group.

Baseball superstar Giancarlo Stanton of the New York Yankee purchased one of Aria on the Bay’s triplex penthouses in 2017 and Grammy Award-winning record producer and rapper Timbaland also purchased two units at the building. Remaining units currently available for sale include a range of one- to four-bedroom condos priced from the $400,000's up to $1.8 million with sales being exclusively overseen by Cervera Real Estate.

Tour the amenities below:

Photos via Cervera Real Estate

Check out our PROFILE Exclusive Interview with Carlos and Martin Melo of Melo Group 

Check out PROFILEmiami's August 2016 Construction Update of Aria on the Bay

DDG's Rare, Oceanfront 3550 South Ocean Tops Out In Palm Beach

DDG, a leading national real estate development firm known for its progressive design aesthetic, has announced first new beachfront residential development on Palm Beach Island in over a decade, 3550 South Ocean, has officially topped out at 7 stories after breaking ground last summer. 3550 South Ocean is rare new addition to the coveted Palm Beach shoreline that introduces a new standard of luxury condo living in Palm Beach. Demand for the condominium’s oceanfront two-bedroom, three-bedroom and penthouse homes has remained strong during construction. Current availability starts at $2.3 million.

“3550 South Ocean is a significant development for DDG as it represents a new phase of the company’s expansion as well as our first project in Florida,” said Joseph A. McMillan, Jr., CEO and Chairman of DDG. “Watching the building go vertical and achieve its full height has been incredibly exciting and we look forward to seeing its elegant and contemporary design come to life as we approach completion next year.”

“Buyer response to 3550 South Ocean has been quite positive since the building came onto the market last year,” said Howard M. Lorber, Chairman, Douglas Elliman Realty LLC, whose Development Marketing team is the exclusive marketing and sales agent for 3550 South Ocean. “It offers the rare opportunity of purchasing a newly built home directly on the beach, as well as situates residents extremely close to the world-class dining, shopping and leading cultural institutions Palm Beach is known and sought after for.”

DDG assembled a cast of acclaimed designers for 3550 South Ocean. GarciaStromberg | GS4studios of Palm Beach, Kobi Karp Architecture of Miami, and Champalimaud of New York, teamed up to design the striking, yet timeless, contemporary beachfront building, with a sawtooth form that stretches east to west and enables each of the building’s 30 expansive residences to be bathed in natural light and enjoy unparalleled ocean views and breezes. KAST Construction is serving as the general contractor for the project. Residences at 3550 South Ocean come in 2 and 3 bedroom layouts, range in size from 2,700 SF to 3,000 SF and start at $1.875 million. Units will feature private elevator access with private entry foyers, amazing views of the Atlantic Ocean and Intracoastal Waterway, floor-to-ceiling glass, expansive chef's kitchens, and will be delivered move-in ready. A collection of five penthouses will also feature rooftop terraces.

Amenities include private beach access, a beachfront salt water swimming pool and sun terrace, a fitness studio with east facing natural light, on-site surf board and stand-up paddleboard storage, private gated access and private parking. Additionally, DDG has a partnership with The Wright Fit, to provide custom, on-demand lifestyle services including in-residence massages, indoor and outdoor private training, and yoga and youth fitness for residents. Ownership perks also include an exclusive relationship with on-demand charter service, Star Jets International which provides residents with custom-tailored concierge jet services, with the resident experience inclusive of door-to-door car transfers, itinerary customization, jet selection, onboard catering and more. Construction is currently under way with KAST as the general contractor. Delivery expected in late 2018. 

Drone photos via Daniel Petroni; Image via Jared Ruschmann, World Red Eye; Renderings via DDG

Related Group Pays Off $166 Million Construction Loan For SLS LUX Which Is Set To Open

Related Group has announced that they have paid off construction financing for the soon-to-open SLS LUX Brickell Hotel & Residences. The $166.1 million loan was issued by TPG Real Estate Finance Trust, the commercial real estate debt platform of TPG Real Estate, in September 2015, and is the fourth construction loan successfully paid off by the developer over the past 18 months. The grand opening is slated for June 14. The 450-unit mixed-use SLS LUX, which was co-developed with The Allen Morris Company, broke ground in December 2014, is now 100% sold-out, with over 400 units already closed and/or occupied. 

“Paying off the loan is a major milestone for us,” said Ben Gerber, Vice President of Finance for The Related Group. “It speaks to the quality of the product and to the strength of the Miami market.” 

“We are thrilled about the completion of our second project with sbe in Brickell,” added Carlos Rosso, President of The Related Group’s Condominium Development Division. “The opening of SLS LUX fulfills our long-time vision of a pedestrian-friendly South Miami Avenue, and buyers are excited to move in and begin living the lifestyle.” 

SLS LUX is the latest evolution from the award-winning SLS Hotels and Residences brand. The luxury tower is located just steps from Brickell City Centre in the heart of Miami’s Brickell neighborhood on South Miami Avenue and SE 8th Street. The project offers a mix of 450 residences and 78 hotel suites that blend exquisite décor by Yabu Pushelberg, world-class art, award-winning culinary offerings and exclusive lifestyle amenities and services. SLS LUX also features an array of food and beverage outlets from sbe's portfolio including SBar Lounge and a ground-floor restaurant and Katsuya, helmed by master chef Katsuya Uechi. 

The Optimum Tops Off In Coconut Grove, The Neighborhood's First New Class A Office Building In 25 Years

Optimum Development USA, a global real estate investor and developer, has officially announced that “The Optimum,” their new five-story luxury Class A office building in Coconut Grove, has officially topped off. Optimum Development and the tower’s general contractor, Grycon Construction, commemorated the occasion with a luncheon on Friday, June 1st for over 150 construction workers, engineers and other contractors involved, in celebration of the project’s momentum and Optimum’s commitment to enhance Coconut Grove’s revitalization. The milestone event featured remarks from from Mayor Francis Suarez, Optimum Development CEO Ricardo Tabet and Grycon Construction executive Eric Helitzer. 

“We’re extremely proud to celebrate this construction milestone and cannot be more pleased to be a part of the exciting citywide transformation underway in Coconut Grove,” said Ricardo Tabet, CEO of Optimum Development USA. “We look forward to delivering the area’s first new Class A office building in more than 25 years and welcoming our new tenants. The ideal location on Main Highway has proven to be a strong attraction to small and mid-size businesses, who appreciate the ease of access to all of Coconut Grove and close proximity to Coral Gables, Brickell, Key Biscayne and downtown. The Grove’s charm and pedestrian friendly streets and shops are luring a vibrant mix of professionals.”

The Optimum is a 5-story, class A office tower in the heart of the Grove. The Optimum is designed by Arquitectonica, who took cues from Coconut Grove lush folliage including raking the buildings’ facades in natural cement and wood to blend seamlessly into Coconut Grove. The 50,500 SF midrise luxury office development will entail 44,000 SF of office space and 6,500 SF of ground floor restaurant space which is expected to feature a high-end restaurant along with a rooftop lounge that offers dramatic, panoramic views of Biscayne Bay. Optimum Development USA paid $8.5 million for the assemblage in 2014 and has since taken a $21.5 million loan on the property. The Optimum is located at 3480 Main Highway in Coconut Grove and is expected to be completed later this year (2018).

Check-out PROFILEmiami's coverage of The Optimum's August 2017 groundbreaking

CANVAS Reveals New Renderings Of Lifestyle Amenities & 1st Mural By Daniel "Krave" Fila

NR Investments, the developers of CANVAS, the flagship condominium of downtown Miami’s Arts + Entertainment District, have released new renderings of the property’s ninth-floor amenity deck as well as an image of one of the Daniel "Krave" Fila commissioned murals. Newly revealed renderings show the 100' long, enclosed dog run overlooking downtown Miami, and a glass-enclosed racquetball court built to professional specifications. Other amenities at CANVAS include an outdoor yoga garden, state-of-the-art fitness center, movie screening room, kids play room, and three outdoor pools. 

CANVAS will deliver this summer, bringing 513 new studio, one- and two-bedroom residences to Miami’s downtown urban core. Residences are attainably priced between $386,200 and $630,000. The project is 85% sold and is Fannie Mae-approved, making it possible for qualified buyers to get financing up to 97% on units. Earlier this year, NR Investments announced that Graspa Group, the Miami restaurant operator behind the Segafredo, would team up with award-winning international bartender Daniele Dalla Pola to launch a new craft cocktail establishment to anchor the ground-floor retail component at CANVAS. The new restaurant/bar, “Esotico Miami,” will open in Fall 2018.

“CANVAS is more than a condo – it’s a vertical village. So we’ve placed a lot of emphasis on communal spaces and amenities that residents want today – amenities more typically found in high-end luxury condominiums,” said Nir Shoshani, principal, NR Investments. 
In addition to the lifestyle amenities, CANVAS is the only condominium to feature 27 floors of large-scale murals and original artwork by urban artists. The CANVAS Collection, commissioned by NR Investments and curated by Miami urban artist Daniel “Krave” Fila, brought together over 20 artists from Miami and other parts of the world to create over 200 original works of art for the property’s residential corridors.

“We took the idea of a ‘canvas’ to its most literal extreme and gave all of these artists free reign to express themselves on our walls,” said Shoshani. “It’s an unprecedented collaboration, and we took a huge risk doing this, but we wanted to stay true to our vision of creating a residential community that reflects the creativity and culture of Miami.” 

Wood Partners' Stantec-Designed Midtown 8 Officially Tops Off In Midtown Miami

Wood Partners, Stantec and Kast Construction have officially celebrated the topping off of Midtown 8, their new 28-story, 389,700 SF residential development in Midtown Miami. Located on a two-acre site at 2901 and 2951 NE 1st Avenue in Midtown Miami, the mixed-use development by the Atlanta-based multifamily developer Wood Partners includes residences, retail space and parking. Residential units range from studios to three-bedroom penthouses with high ceilings.

Midtown 8 features nearly 30,000 SF of commercial space, 519-car parking garage, 27 Citi Bike spots. Amenities include co-working space, a spacious hammock garden that provides a tropical feel amidst the city, a rocking chair lounge area, yoga studio, demonstration kitchen and juice bar. The outdoor amenity spaces also features lush greenery and green walls creating an inviting and relaxing oasis for residents as well as a landscaped linear outdoor space with dog walk area and a colorful mural art wall expressive of the neighborhood. 

“We’re proud to be celebrating this momentous milestone for Midtown 8, said Jennifer Llop-Noy, project manager, Stantec’s Miami office. Once completed, Midtown 8 will provide exceptional residences with sophisticated interiors and amenities for the local market in Midtown Miami, one of the most dynamic residential enclaves in the city.”

“The 28-story luxury rental tower will have 387 units and a 10-story parking structure with a rooftop amenity deck with pool, fitness center and club room to allow for beautiful views of Miami.  There will be seven bridges connecting the garage to the residential tower. The team of Kast Construction, Wood Partners and Stantec Architecture look forward to delivering this project in May 2019,” said Dave DeMay, senior vice president, Kast Construction.

150-Key Rudy Ricciotti-Designed Symphony Park Hotel Proposed To Be Built In South Beach

A 150-key Symphony Park Hotel, designed by famed French architect Rudy Ricciotti, has been proposed in South Beach across the street from the New World Symphony and Soundscape Park. The developers have filed plans with the city to demolish the existing South Beach Citibank which is currently on the property located at 1685 Washington Ave. in South Beach. The project is proposed complete with ground floor retail and restaurant space, 122 mechanical parking spaces, as well as an expansive rooftop complete with a pool, bar and restaurant. The developers, Sobe Center, LLC. will need a variance to allow them to adjust setbacks and build the proposed 8-stories, 83'; 7-stories, 80' is permitted under current zoning code. Miami Beach's Planning Board will review the proposal on June 26, 2018. Sobe Center, LLC. is associated with Richard and Ronald Finvarb as well as Jacques Chahine.

MG Developer's Beatrice Row Nears Completion in Coral Gables

MG Developer continues to build ‘The City Beautiful,’ this time with a new enclave of nine luxury Georgian townhomes situated along a dreamy tree-lined street in the  heart of Coral Gables. Beatrice Row, located at 744 Biltmore Way, is the second of four developments within a 150,000 SF planned residential community called Biltmore Square. Beatrice Row is now 70% complete and scheduled for occupancy in late spring, summer of this year. Beatrice Row is already nearly 50% sold out. 

Beatrice Row was designed by the internationally acclaimed architecture firm, De La Guardia Victoria Architects and Urbanists. Its distinguished façade features romantic arches, authentic brick and marble, coral stone details and hand-crafted bronze-finished balconies. Townhomes will feature 4 bedrooms and 4.5 bathrooms and range up to 5,500 SF. Pricing starts at $2.3 million. Each townhome offers 13' high ceilings, sculpturally intriguing staircases, and gourmet kitchens with refined custom cabinetry, marble countertops and premium appliances. Other details include private elevators, smart home automation, walk-in laundry rooms, four car garages and expansive covered terraces with built-in outdoor kitchens.

“We’re excited to be on the cusp of bringing this unparalleled townhome lifestyle to Coral Gables, which will be part of the magnificent Biltmore Square community,” said Alirio Torrealba, CEO of MG Developer. “Inspired by some of the most picturesque Georgian style neighborhoods around the world, Beatrice Row is the perfect expression of classic charm and urban sophistication.”

“There are currently no other comparable three-story luxury townhomes in the area, and certainly none with this level of attention to Georgian design and detail,” said Daniel Guerra, Vice President of Development Sales at Fortune International Realty.  “Beatrice Row is wholly unique and offers the complete Coral Gables lifestyle, from the exquisite neighborhood to the proximity to Coral Gables’ vibrant downtown.”

MG Developer recently launched a suite of curated, concierge-style services for Biltmore Parc and Beatrice Row. The program offers qualified buyers the opportunity to purchase and move in to their new residence with just 10% down. In addition to affording buyer them time to sell their existing home with more peace of mind, other benefits include coordinated design and décor services for buyers moving into a new residence. For buyers who list/sell their existing home through MG Real Estate Group, the listing commission that would have been due to MG will be applied to the purchase price of the new residence, reducing the overall cost of the home.