Aston Martin Residences Locks Down $200 Million Construction Loan

G&G Business Developments has locked down a $200 million construction loan for Aston Martin Residences, now under construction in Downtown Miami. The financing is being funded by Itaú BBA International plc, a London affiliate of the Brazilian bank, and was borrowed by Riverwalk East Development LLC, an affiliate of G&G Business Developments LLC. Foundation work commenced last fall after an October 2017 groundbreaking and the tower is nearing 50% sold. G&B Business Developments recently received FAA approval to erect 2 tower cranes which will rise 889’ and 851’. The loan matures in 2023 and the developer expects to deliver the building in 2021.

Located in Downtown on the Miami River, Aston Martin Residences will rise 66 stories, 816’, and features 391 units, designed by Revuelta Architecture and Bodas Mian Anger. The tower's interiors will feature signature carbon fibre reception desks in each of the tower’s two private lobbies, lighting and handmade detail based on the car, and residence doors hand-adorned door numbers from the same jewelers that place the logo on the hood of Aston Martin cars along with bespoke artisan Aston Martin door handles, and kestral tan leather door tabs. The tower's design will features floor-to-ceiling glass with no visible concrete, including glass encased support beams.

Units range from 1 to 4 bedrooms with a 19,000 SF, 6 bedroom crown-jewel penthouse on the 63-65 floors. Pricing starts at $700,000 and range up to $8,800,000 for the "River and Panoramic Residences" part of the building and $14,000,000 to $50,000,000 for the "Penthouses." Amenities include a 42,275 SF “Sky Amenity” deck from the 52nd to 55th floor which features a state-of-the-art fitness center with spin room and boxing facilities, golf simulator, multiple theaters, beauty salon, barber shop and a curated art gallery.

For more information about Aston Martin Residences, private showings or purchasing/ leasing information please fill out the form below:

Check Out The Newly Revealed Amenities At Metropica One In Sunrise

Metropica One, the first of eight residential towers to be completed within the Metropica mega-project community, has revealed new renderings of their highly anticipated renderings including the pool, lobby area, gym and private function room. Construction teams topped out the tower at 28-stories in January 2018. Metropica One slated for completion in early 2019.

The residential tower features residences that range from one-to-three-bedroom floor-plans that range from 740 SF to 1,379 SF start at $460,000 for one-bedrooms, $480,000 for two-bedrooms and $580,000 for three-bedrooms. There will also be a 1,900 SF+ penthouse series that start at $1.1 million. Condos feature spacious open floorplans with balconies, floor-to-ceiling windows, and custom-finished palettes and finishes. Amenities include a saltwater pool, theatre, a private screening room, a play room, tennis courts, and a clubroom. Residents will also have access to the Metropica beach club, tennis courts, a 24-hour fitness center, basketball court, soccer field, fitness & wellness facility, a spa, massage therapy rooms, and a steam room and sauna.

Metropica is located in Sunrise, Florida, and is a sustainably-designed 65-acre, $1.5 billion urban high street development that will transform the West Broward corridor with approximately 4 million SF of total development. When complete Metropica will consist of: 2,250 residential apartments; prime shopping and dining experiences; 650,000 sq. ft. of contemporary, class A office space; boutique hotels; lush green spaces including a Central Park and other public spaces dedicated to the arts.

Check out PROFILEmiami's coverage of more renderings of Metropica and Metropica 1. 

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The Enrique Norten-Designed 2000 Ocean Breaks Ground In Hallandale Beach

KAR Properties has officially broken ground on 2000 Ocean in Hallandale Beach, designed by Enrique Norten of TEN Arquitectos. Suffolk Construction is the contractor on the project where sales launched in November 2017 with pricing starting at $2.6 million. 2000 Ocean is expected to be delivered in 2020.

2000 Ocean will rise 40 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower features 64 residences, the smallest being a 2,913 SF half floor 3 bedroom and ranging up to 5,832 SF full floor 5 bedroom penthouse residences. 2000 Ocean also features a duplex sky vill which comes complete with a private pool deck. Residences are designed by Minotti and feature expansive flow through floor plans, 10' ceilings, private elevator landings, floor-to-ceiling windows, custom kitchens by Minotti Cucine, Monterrey Marble flooring throughout including terraces, custom stone master bath with Agape floating bathtubs. Services and amenities include two swimming pools with expansive sunrise and sunset views, direct beach access with private beach, private arial and valet entrance, 24-hour valet and concierge, an oceanfront library with garden views, an oceanside lounge and juice bar, an indoor theater, entertainment room, fitness center and a freestanding spa pavilion complete with treatment rooms, Hammam (steam bath), ice room and yoga room. The lushly landscaped grounds feature curated gardens by Landscape Architect Sasaki Associates. Douglas Elliman Development Marketing is exclusively overseeing sales and marketing.

Enjoy the video overview and renderings below:

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CMC Group Drops Video Tour of A Finished Residence At Brickell Flatiron

Brickell Flatiron, which is the only remaining condo under construction in Brickell, has released a sneak peek of a finished residence showcasing the top-of-the-line materials and finishes hand-picked by developer Ugo Colombo from his native Italy. Hailing from Milan, Ugo is known for his meticulous attention to detail and ability to deliver a bespoke product, whether that means flying in Italian craftsman to lay porcelain tile or importing everything from hardwood doors, marble baths, and terracotta cabinetry from his home country. The interiors are designed by legendary Italian architect, designer and creator Massimo Iosa Ghini of Ferrari and David Bowie fame and the Miami-based Luis Revuelta is responsible for the building’s exterior. Construction crews are aiming to top off the tower in December and will open in mid-2019.

Sales at Brickell Flatiron have been strong as the tower is now 85% sold. In September, a penthouse in the tower sold for a record-breaking $13.2 million, the highest price paid for a condo in the Brickell submarket since 2007. Buyers are coming from major US cities, whereas this time last year, 70% of Brickell Flatiron’s condos were selling to Latin American buyers, whereas today 80% of sales are being inked with local and domestic buyers.

When complete, Brickell Flatiron will stand 736' and will be one of the tallest residential towers in the U.S. Units range from 1 to 5 bedrooms starting at $500,000 and ranging up to $15.5 million for penthouses. Brickell Flatiron's amenities include an 18th floor amenity deck with a resort style pool, 24-hour concierge, billiard and cigar room, wine cellar, valet, electric car charging stations and a 64th-floor rooftop that will feature a Sky Spa, Sky Pool and Sky Gym along with stunning 360 views of Biscayne Bay, Brickell, Downtown Miami, Coral Gables, etc.

For more information about Brickell Flatiron, private showings or purchasing/ leasing information please fill out the form below:

The Trump Group & Coastal Construction Announce $600 Million Construction Contract For The Estates At Acqualina

The Trump Group, led by Eddie and Jules Trump, and Coastal Construction have signed an agreement for the construction of the second tower and completion of The Estates at Acqualina, the $1.6 billion residential development in Sunny Isles Beach scheduled to open in late 2020. The $600 million contract ranks as the largest ever for a condominium project in South Florida. Construction crews have been making significant progress with the foundation and site work as they prepare to go vertical.

“With strong pre-sales, commitments from our buyers and clients, and our recent $558 million construction loan announced last month, we are now building both towers and the entire residential development all at once. This assures future residents of a hassle-free move-in, particularly in light of the fact that residences at the Estates are built out to a furniture-ready standard,” said developer Jules Trump. “This is an incredible time for us and we are offering a unique lifestyle that will set it apart from the rest of the world.”

“We are absolutely thrilled to be working with the Trump Group once again after the successful completion of the Mansions at Acqualina,” said Sean Murphy, co-president of Coastal Construction. “The Estates at Acqualina is the most exciting construction project in South Florida right now.”

The Estates at Acqualina will be home to approximately 245 ultra-luxury residences and will feature common areas created by fashion and design icon Karl Lagerfeld. In addition, The Estates at Acqualina will feature three single family homes and three, two-story penthouses, all with private pools within a private gated community. Residences at The Estates at Acqualina are priced from $4.2 to $14 million with penthouses priced up to $35 million.

The Estates at Acqualina will feature the 50,000+ SF amenity center Villa Acqualina. Amenities will include a spa with salt room, fitness center with boxing ring, one of a kind dining with a world renowned restaurant and Circus Maximus, an ice skating rink, a Formula One simulator, a golfing simulator, bowling lanes, a movie theater, a speakeasy, and a Wall Street Trader’s Club room where residents will have access to ticker tape, computers and a boardroom. Residents of The Estates at Acqualina will have access to the neighboring Forbes Five Star and AAA Five Diamond Acqualina Resort & Spa, TripAdvisor’s #1 Beachfront Hotel in the United States and #1 Resort in the Continental United States by U.S. News & World Report.

Check out the drone construction flyover and photo construction update below:

For more information about Estates at Acqualina, private showings or purchasing/ leasing information please fill out the form below:

Check Out The Newly Completed Park Grove By Terra & Related Group In Park Grove

Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the grand opening of Two Park Grove and Club Residences as One Park Grove pushes skyward. The Park Grove project is transforming the Coconut Grove skyline with architecture by Pritzker Prize winning architects OMA/ Rem Koolhaas. The towers feature exterior column exoskeleton design as opposed to interior columns, allowing sweeping glass wall views of Biscayne Bay directly out to the Atlantic Ocean. The building’s interiors are designed by Meyer Davis with kitchens and baths by William Sofield. Park Grove’s 3 towers are built around a 5-acre park-style initiative, the lush amenity deck featuring a sculpture park, amphitheater and 5-acres of private, serene, lush landscaping for residents to enjoy, designed by Enzo Enea. Park Grove will also features a new restaurant concept by Miami restauranteur Michael Schwartz, which he said will feature a wood-fire grill and is designed by Meyer Davis. 

Photos by Robin Hill Photography

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ROVR Development Goes Vertical With Construction On The Fairchild Coconut Grove

ROVR Development has announced that the concrete pour for the first elevated deck at The Fairchild Coconut Grove has been completed. Cement trucks began the process of hauling in a total of 545 cubic yards of concrete for the day long pour which needed approximately 50 cement trucks as the first elevated deck for the project was formed. Ortega Construction Company, was onsite to supervise the pour and oversee the operation. The Fairchild Coconut Grove, which is located in the quiet Glencoe residential neighborhood at 3581 E. Glencoe Street, broke ground this past summer closed a $27 million construction loan with Ocean Bank. The general contractor for the development is Ortega Construction Company. The project is slated for completion in the fall of 2019

“We continue to move forward on schedule and are thrilled to be going vertical with our project,” said Oscar Rodriguez, Principal of ROVR Development. “The Fairchild Coconut Grove is the only new luxury residential construction rising directly on Biscayne Bay in the Grove, so this pour represents a major milestone for us as well as the community.”

“Ortega Construction is committed to building iconic and quality projects that will stand the test of time and we are excited to be working with ROVR Development to carry out their vision for The Fairchild Coconut Grove,” states Michael Ortega, President and CEO of Ortega Construction Company

Acclaimed local architect Max Strang designed this project which offers curated waterfront living that perfectly fuses contemporary elements with the natural surroundings and character the area is known for. The Fairchild Coconut Grove features 26 exclusive 2 to 4 bedroom residences ranging in size from 1,714 SF to 4,114 SF and a platform of unrivaled amenities and services. The expansive fully finished residences feature lanais with views of Biscayne Bay and verdant neighborhood landscapes; unique gourmet chef-inspired kitchens; spa-inspired bathrooms; spacious living areas and private outdoor showers in select units.

Architectural Digest AD100 designer Rafael de Cardenas designed the distinctive amenities for the project which include a holistic wellness spa with Hammam, steam room and sauna; high-tech training gym; rooftop pool with open bay views and private cabanas; and exceptional lobby with full-time concierge, 24-hour security and valet. Lush landscaping complete with serenity gardens, bay walk and jungle rainforest path offer consummate outdoor experiences that include a bayside lounge; sunset deck; outdoor cinema; private on-site dog park; private boat slips; resident bicycles; a floating dock with resident paddleboards; and kayak storage.

One Sotheby’s International Realty is exclusively handling sales and marketing for the property.

For more information about The Fairchild Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

Miami-Dade Commissioners Vote To Award $14.3 Million Construction Contract For Underline's Brickell Backyard

Miami-Dade commissioners have voted to award a $14.3 million construction contract to build the Brickell Backyard portion of the Underline. The 1/2 mile project will start at the Miami River and will continue through SW 13th Street under the Metrorail and Metromover, helping to bring green vegetation and park space to the dense, urban Brickell neighborhood. Brickell Backyard will feature dedicated pedestrian and bicycle trails, lush landscaping, a gym area with basketball courts and gym equipment, space for group fitness classes and recreational activities, a staging area for concerts and movies, dining areas and a game area with fixed tables and chairs. The project will also include the reconfiguration of the existing bus stations and intersections along the path. Brickell Backyard will be the first portion of the planned 10-mile Underline. Completion is expected in 2020.

Trump Group Affiliate Secures $558 Million Loan For The Estates At Acqualina In Sunny Isles Beach

The development team behind The Estates at Acqualina has closed on a $558 million construction loan on September 28, 2018 that will fund the vertical construction and completion of both residential towers at The Estates at Acqualina. The loan enables affiliates of the Trump Group led by Eddie, Jules and Stephanie Trump to complete the residential project where sales and construction of the South tower is already underway. The Trump Group’s ability to secure a loan of this size underscores the project’s appeal and the firm’s track record of development over the past four decades. Bilzin Sumberg partner Alexandra Lehson and Real Estate Department Chair Jim Shindell represented The Trump Group in the transaction. Gary Saul and Meredith Singer of Greenberg Traurig served as condominium counsel. The project broke ground in May 2018 and the South Tower is expected to top-off by December 2019 with expected delivery in 2020. The 154-unit south tower is over 65% sold, with sales reported at over 100 units and $550 million since launching in 2015. The north tower, which is currently on hold, will have an additional 93 residences. Condos at The Estates at Acqualina range from 2,917 SF 3-bedroom units to over 9,000 SF 7-bedroom residences. Completion is expected in late 2020.

“Lenders that are active in South Florida’s condominium market are increasingly focused on the quality of the loans they are financing, in terms of the sponsor’s track record and the development itself,” explains Alexandra Lehson of the Bilzin Sumberg law firm in Miami.

“Since launching The Estates at Acqualina, our clients have demonstrated excitement about this project resulting in strong pre-sales, and now their confidence is being matched by the banking community,” said developer Jules Trump. “We look forward to expanding the Acqualina brand with two towers defined by unmatched attention to detail, the highest caliber of design excellence, and amenities and services that will be the ultimate in residential living.”

The Estates at Acqualina will be home to approximately 245 ultra-luxury residences and will feature common areas created by fashion and design icon Karl Lagerfeld. In addition, the Estates at Acqualina will feature three single family homes and three, two-story penthouses, all with private pools within a private gated community. Residences at The Estates at Acqualina are priced from $4.2 – $14 million to $35 million for penthouses.

The Estates at Acqualina will also be home to Villa Acqualina, 50,000 SF of amenities and resident services, including a spa and fitness center, an ice-skating rink, bowling lanes, a movie theater, golfing and Formula One simulators, children’s playroom, a speakeasy and more. A world-renowned restaurant will be announced later this year.

“It was our vision to create a unique lifestyle that will set The Estates at Acqualina apart from the rest of the world,” said developer Eddie Trump. “The commitment from our buyers and clients has been tremendous. The Estates will be a spectacular celebration of art, architecture and lifestyle.”

Mayor Bud Scholl of Sunny Isles Beach commented, “The Estates at Acqualina boasts one of South Florida’s most prominent developers, a fantastic design and amenity package, a location directly on the ocean, and strong pre-sales. This closing shows that for the right development with the right sponsor there is robust demand for ultra-luxury residential living. We are very proud that once again Sunny Isles Beach is recognized for one of the most spectacular developments in the world.”

River Landing Shops & Residences Unveils Waterfront "Restaurant Row" On The Miami River

The already under-construction River Landing Shops & Restaurants, being developed by River Landing Development including the Coral Gables-based UrbanX Group and Coralee Penabad along with H&R REIT, and Matthews Southwest, have revealed a waterfront “Restaurant Row,” further engaging the Miami River. The project, which is located at 1400 NW River Drive, will offer 25,500 SF of leasable restaurant space to bring 7 restaurants ranging from fine dining, family-style, cafes and fast casual concepts. River Landing Shops & Residences originally broke ground in March 2017 and will bring a total of 2 million SF of total development including 528 market-rate apartments, 2,200 parking spaces and a large retail component featuring a Publix, Chase Bank, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores and a Hobby Lobby. The project will also bring plenty of green space to the area including a 50’ wide linear park with Savino & Miller Design Studio as the landscape architect for the project. River Landing Shops & Residences was originally designed by Jonathan Cardello of Stantec with BC Architects as the architect of record. Completion and opening is expected for early 2020.