Miami Worldcenter Delivers Its First Tower As CAOBA Apartment Tower Launches Leasing In Downtown Miami

Miami Worldcenter, the 27-acre, $4 billion development in Downtown Miami, is preparing to welcome its first residents after 15 years of land acquisitions, planning and construction. The 444-unit, transit-oriented CAOBA rental tower has received the green light to welcome tenants and with the launch of leasing has become the first building to deliver within the master-planned Miami Worldcenter project. The opening of CAOBA is the first in a string of milestones that will take place at Miami Worldcenter in 2019. Over the coming months Paramount Miami Worldcenter, the only condominium for currently for sale in Miami Worldcenter, will be completed; the 348-room citizenM hotel will break ground, and 150,000 square feet of retail space deliver. CAOBA was co-developed by CIM Group and Falcone Group.

CAOBA’s apartments range from studios to 3-bedroom units which range in size between 500 SF and 1,300 SF. Monthly rents range from from $1,775 to $4,275. Units feature 9’ ceilings, contemporary finishes, in-unit washers and dryers, and private balconies offering sweeping views of Biscayne Bay and the Miami skyline. Amenities at CAOBA including a 10th-floor resort-style pool deck overlooking downtown, a rooftop fitness center, a club room with a fully-equipped kitchen, and an outdoor dog-walking lawn. CAOBA also offers more than 20,000 SF of street-level retail space that will be home to shops and restaurants creating an east-west pedestrian promenade linking Miami Central with Miami Worldcenter’s ‘High Street’ retail component and public plaza to the east as well as six transit systems located within one block of the tower.

“As the first tower to deliver at Miami Worldcenter, CAOBA is a cornerstone of our city within a city,” says Nitin Motwani, managing principal of Miami Worldcenter Associates. “CAOBA residents will be living at the intersection of arts, entertainment, education, retail and transit — introducing an element of convenience, proximity and walkability that is new to Miami. Our team has received countless inquiries from people interested in renting a luxury apartment at Miami Worldcenter, and they now have a chance to do just that as we open the doors at CAOBA.”

The Related Group, Block Capital and Kravitz Design's Rental Project The Bradley Tops Off In Wynwood

Leading national developer, The Related Group, and Block Capital Group has announced the top-off of the Wynwood neighborhood’s newest residential project, The Bradley, located at 51 Northwest 26th Street. The Bradley will offer 175 studio-, one-, and two-bedroom units which range from 480 SF to 1,000 SF and over 32,000 SF of commercial space. Rents are projected to start in the low $1,400s per month, with the majority of rents totaling less than $2,000 per month. Residences feature Italian kitchens and vanities, stainless steel appliances, in-unit washer and dryer, walk-in closets and a convenient, keyless entry system. The Bradley was designed by Arquitectonica in collaboration with creative direction from Kravitz Design, founded by Grammy-Award-winning artist, Lenny Kravitz. Completion is slated for late 2019.

“There is already an incredible momentum in Wynwood, but it is thoughtfully developed projects like The Bradley that will help the neighborhood reach that next level,” explains Jon Paul Pérez, Vice President at Related. “There has been a noticeable increase in real estate activity since we began construction and I expect the pace of commercial leases, groundbreakings and new project announcements will continue to rise as we approach completion. Our whole team is eager to see how the neighborhood evolves over the next few years.”

Amenities include speakeasy-inspired common areas, 24/7 concierge, a rooftop terrace is adorned with an expansive pool, a covered amenity deck with city views and an outdoor kitchen with barbeques and a formal dining area, a world-class fitness facility and health club serving both residents and their guests, bicycle storage, and 233 space garage with gated entrance. All building amenity spaces offer high-speed internet and cell service options for dedicated wireless connections in addition to a wide collection of curated artworks and site-specific murals from a variety of local and international artists. The Bradley will also bring 32,000 SF of retail and restaurant space to the neighborhood with expansive pedestrian walkways, complete with high-quality design and landscape elements.

“Every detail of this project, from its physical location to in-unit amenities, were built with the renter in mind,” says Martin Miculitzki of Block Capital Group. “We want future residents of Wynwood to have an outstanding, unparalleled experience from the moment they walk through the front door of The Bradley. We are proud to partner with Related and attract international attention to this vibrant, revitalized neighborhood.”

The Related Group has three additional properties in the art-filled neighborhood including Wynwood 25, a 289-unit rental property which recently completed vertical construction; The Annex, a 50,000 SF office and retail development; and Wynwood 29, a 182-unit micro condo development.

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

Construction On Esplanade At Aventura Now Underway At Aventura Mall

The New York-based Seritage Growth Properties has begun construction on the first phase of Esplanade at Aventura, the 215,000 SF ground-up development featuring experiential retail, unique entertainment and fine dining in a luxurious open-air high-street retail setting on the 12.3 acre site of the former Sears store at Aventura Mall. Once completed, the esplanade will offer a diverse mix of leading domestic and international retailers and restaurants, many of which will be new to the South Florida market, creating a world-class attraction for residents and visitors. Esplanade at Aventura is designed by SB Architects and Rockwell Group, which will feature a pedestrian boulevard, large outdoor plazas, as well as multiple patio and rooftop dining and entertainment areas. The project will also bring a new parking garage. Seritage Growth Properties is a publicly traded real estate investment trust which split off of parent company Sears in 2015. Seritage Growth Properties owns over 230 Sears properties nationwide, many of which they lease back to the struggling retailer. In 2016 Seritage Growth Properties sued Aventura Mall over the $214 million expansion which they claim violated a long-standing agreement but the case was settled and mall expansion is now nearly complete. Esplanade at Aventura is scheduled to open in late 2019.

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

PMG, Greybrook Realty Partners & S2 Development Lock Down $33 Million Pre-Construction Loan For Waldorf Astoria Hotel & Residences

Property Markets Group, Greybrook Realty Partners and S2 Development have locked down a $33 million pre-construction loan which will be financed by the Miami-based BridgeInvest. The financing will be used to obtain final permits and approvals as well as market the property and launch sales of the residential luxury condominium component. The developers are currently building out the on-site sales center at 300 Biscayne. PMG had initially put sales on hold pending the Miami condo market stabilizing but now is gearing up introduce the luxury condos to the market.

When complete the Waldorf Astoria Hotel & Residences will be Miami’s tallest tower, rising 1,049’. The tower is being designed by Sieger Suarez and is expected to have a sell-out over $1 billion. The Waldorf Astoria Hotel & Residences will feature 140 hotel rooms and 400 condos. The project will be the first in Miami to feature the Waldorf Astoria brand which is owned by Hilton Worldwide Holdings, Inc. Downtown Miami has seen a surge in luxury condos in the past few years with a selection of high-end offerings since the completion of Ten Museum Park in 2007, which the first of its kind in the neighborhood which now includes One Thousand Museum, Aston Martin Residences, Marquis Residences, Epic Hotel & Residences, amongst others.

For more information about The Waldorf Astoria Hotel & Residences, private showings or purchasing/ leasing information please fill out the form below:

PARAMOUNT Miami Worldcenter Reveals Urban Villas Starting At $3.5 Million

PARAMOUNT Miami Worldcenter has revealed their exclusive collection of four, two-story urban villas, the most unique residences offered at the massive 27-acre complex, which has been compared to New York’s Hudson Yards as one of the country’s most visionary and largest mixed-use developments. The standalone residences span 2,576 SF of interior space with 2,038 SF of outdoor space and feature three bedrooms, a den and four bathrooms, a rooftop for entertaining as well as private sky pools. The urban villas, which are priced ranging from $3.5 to $4.5 million, are located steps from the spa on the pool level amenity deck and will offer direct access to the parking garage for added convenience. They will also be just an elevator ride away to the buildings Skyport should the future of flying cars become reality, and regulatory hurdles are met.

“We’re thrilled to introduce our ultra-luxury, limited villa collection, which offers the best of both worlds – a single-family home in the sky in an urban setting,” said developer Dan Kodsi. “We’ve saved the best for last. These villas will appeal to a very special buyer, who appreciates the world at their fingertips.”

“The debut of these exceptional villas adds yet another dimension to the unrivaled offerings at PARAMOUNT Miami Worldcenter,” said Peggy Fucci, CEO of OneWorld Properties, the exclusive sales brokerage for the project. “It is simply elevated living at its best.”

PARAMOUNT Miami Worldcenter is currently the only residential tower for sale within the mixed-use Miami Worldcenter site. It will be the most amenitized building in the country, features a massive amenity deck, Upper Deck, which will also be the largest amenity deck in the U.S., spanning 90’ above downtown Miami and featuring the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; a resort-style pool; and multiple bungalows, among others.

PARAMOUNT Miami Worldcenter is 85% sold with $400 million of the 500+ city- and bay-view condo residences with buyers representing over 50 nationalities. Tower residences range in size from 1,180 to 2,350 SF, with prices starting at $750 per square foot. Construction crews from CoastalTishman celebrated the building’s top off in August 2018 and it is on course for building completion this spring. The tower is constructed atop Miami Worldcenter’s high street retail component, a pedestrian-oriented shopping streetscape that is being developed in collaboration with The Forbes Company and Taubman. Miami Worldcenter’s retail plan reflects downtown Miami’s emergence as one of the country’s fastest-growing urban centers, where the population that has doubled in size since 2000, with a streetscape that has become more pedestrian-friendly in recent years.

For more information about PARAMOUNT Miami Worldcenter, private showings or purchasing/ leasing information please fill out the form below:

KAR Properties Locks Down $103 Million Construction Loan For 2000 Ocean Designed By Enrique Norten In Hallandale Beach

Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust. KAR Properties first launched sales for the project in October 2017 with Douglas Elliman Development Marketing before partnering with Edgardo Defortuna’s Fortune International Group to take over sales and marketing in August 2018. The project officially broke ground in November 2018 with Suffolk Construction as the contractor.

When complete, 2000 Ocean will rise 40 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower, which is designed by Enrique Norten of TEN Arquitectos, 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. The original design concept architect for the project was Kobi Karp.

Pricing at 2000 Ocean ranges from $2.6 million to $4.4 million with penthouses ranging from $8 million to $12 million. 2000 Ocean is expected to be delivered in 2020.

For more information about 2000 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Gensler-Designed Wynwood Office Project 545Wyn Gears Up To Break Ground In January

The Chicago-based Sterling Bay is gearing up to break ground in Wynwood on their Gensler Architects-designed 545Wyn office project. Groundbreaking is set for January 2019. When complete, the development will be the biggest office building to launch in Wynwood rising 10-stories and bringing 298,000 SF of office space along with 26,000 SF of retail to the neighborhood. 545Wyn will also feature an 8,000 SF park, outdoor space on each floor and 442 parking spaces. Sterling Bay received a demolition permit in early December 2018 to demolish the existing buildings on the site which is located at 537 NW 26th Street, which is now underway.

For more information about 545Wyn or purchasing/ leasing information please fill out the form below:

Ransom Everglades School Breaks Ground On Perkins+Will-Designed STEM Center

Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium. As part of the construction process, Ransom Everglades moved nearly 60+ trees to a temporary tree garden which will be returned upon completion which is expected in 2020.

The Estates At Acqualina Completes Foundation Pour For South Tower With Over 1,000 Concrete Trucks

The Estates At Acqualina has completed the foundation pour for the South Tower at the $1.6 billion ultra-luxury condo tower under construction in Sunny Isles Beach. Eddie, Jules and Stephanie Trump along with the broker community, the development’s future residents and local press witnessed one of the biggest residential construction pours in South Florida led by Coastal Construction and named the “Great Cement Event.” The pour started on Friday, December 14 at 9pm where more than 1,000 concrete trucks poured 24,000 tons of concrete and steel to lay the foundation of the development’s first tower. The pour lasted 17 hours and was completed by 200 construction workers.

Construction for The Estates at Acqualina began in May 2018 and has been moving along at record pace. The Estates at Acqualina will be home to approximately 245 ultra-luxury residences and the development 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.

The Estates at Acqualina will also feature Villa Acqualina, the development’s amenity club more than 50,000 SF of facilities including a spa and fitness center, one of a kind dining with a world renowned restaurant and Circus Maximus, a full floor of magical amenities including an ice skating rink, a Formula One simulator, a golfing simulator, bowling lanes, a movie theater, and a Wall Street Trader’s Club room where residents will have access to ticker tape, computers and a boardroom. Some features recently added include a Speakeasy, a salt room in the spa and a boxing ring in the gym. Residents of The Estates at Acqualina will also 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. Residents will be able to take advantage of luxurious, personalized services from the hotel including daily housekeeping, in-room dining, children’s programming, nanny and child care services, pet care, dry cleaning and laundry services, limousine service, ESPA Spa access and gourmet dining at three restaurants, Il Mulino NY, AQ Chop House by Il Mulino and the beachfront Costa Grill.

Residences at The Estates at Acqualina are priced from $4.2 million to $14 million with penthouses priced up to $35 million.

Photos via Carolina Bejarano

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

The Ritz-Carlton Residences, Sunny Isles Beach Officially Tops Off Targeting Delivery In 2019

The Developers of The Ritz-Carlton Residences, Sunny Isles Beach have celebrated another major milestone as the tower has officially toped off at 52-stories and is slated to be delivered to residents in 2019. The ultra-high-end condominium, which is comprised of 212 residences, broke ground in June of 2016. Joint developers Fortune International Group and Château Group toasted to the milestone at the top of the tower, along with general contractor, Suffolk Construction. Located on 250’ of pristine beachfront with no hotel on the premises, The Residences and its resort-like, five-star amenities and services will be managed by The Ritz-Carlton, which has been a draw for high-end buyers in the U.S. and around the world.

“Luxury buyers from across the globe have been specifically seeking this project out as their preferred alternative in Miami,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Not only do they recognize the sheer significance of the name of the tower and the weight that it carries, but they see the location, architecture and level of services as the best in the marketplace.”

“What we have created here is a transformative addition to the coastline,” said Manuel Grosskopf, CEO of Château Group. “This project is one of the few standalone residences for The Ritz-Carlton brand in the world. It is therefore an honor to unveil this jewel to high-end buyers in Sunny Isles Beach.”

The signature curvilinear silhouette of The Ritz-Carlton Residences, Sunny Isles Beach was designed by Arquitectonica and the airy and sunlit interiors were designed by acclaimed Florentine architect Michele Bönan to complement the exterior, blending the spirit of modern day Miami with its rich architectural past.

The tower will have a private club level on the 33rd floor, beach restaurant, pool deck, kids club, spa, fitness center and wellness center, among other top-line amenities. All residences are delivered smart home technology-ready and will include walk-in closets, laundry rooms with full-size washers and dryers, and pre-wiring for high-speed internet access and Wi-Fi. Penthouses will feature lush garden terraces spanning 2,000 SF – 4,000 SF, private pools and summer kitchens, custom-designed Italian cabinetry, service quarters, and well-appointed master suites. Residences start at $2.6 million, with penthouses offered upwards of $25 million. Sales are being overseen by Fortune International Realty.

For more information about The Ritz-Carlton Residences, Sunny Isles Beach, private showings or purchasing/ leasing information please fill out the form below: