Coral Rock Development Group Closes On $53.5 Million In Construction Financing For Pura Vida Hialeah

Miami-based Coral Rock Development Group has announced that they have closed on a $53.5 million participating construction, mini perm loan for the residential portion of Pura Vida Hialeah, a nine-acre mixed-use project that is transforming Hialeah and is set to be the first of its kind in the area in more than 20 years. Principal Real Estate Investors served as the lender.

“We are very proud to secure construction financing with Principal Real Estate Investors for Pura Vida Hialeah as we step closer to delivering this compelling project to the area,” said Michael Wohl, principal of Coral Rock Development Group. “Pura Vida will undeniably introduce a new lifestyle for Hialeah creating a contemporary and convenient new walkable hub for residents and the surrounding neighborhood, and this is a momentous milestone in bringing this vision to fruition.”

Pura Vida Hialeah portends to transform the area’s aging residential and retail offerings with the first new sleek contemporary designed vertical towers. Boasting a vibrant mix of popular restaurants, shops and other conveniences, Pura Vida Hialeah will provide an exceptional pedestrian-friendly lifestyle, adding a much-needed benefit to the densely populated community.

The visionary project will encompass three eight-story residential towers consisting of 260 apartment units, with one tower offering approximately 11,000 square feet of ground floor retail; as well as three separate outparcels consisting of approximately 40,000 square feet of commercial retail space. 

“Principal has worked with the Coral Rock Development team for almost two years to help make this project a reality. We believe not only in the Hialeah market, but especially in the team’s vision and experience. Pura Vida will truly be a game changing development in this community,” said Mary Scott, Senior Investment Director at Principal Real Estate Investors. 

The project is poised to become the new epicenter of Hialeah. Offering a wide array of floorplans ranging in size from 538 square feet to 1,099 square feet, the market-rate rental residences at Pura Vida Hialeah will include studios, one, two, and three-bedroom units. Featured amenities will include a resort-style pool, state-of-the-art gym, BBQ area, dog park, biking center, and 24-hour security staff for the convenience of residents. 

General contractor KAST Construction will break ground on the residential portion of the project next month and will open for occupancy in the first quarter of 2022.  

The retail portion of the project broke ground in April 2019, recently completing the first building this summer with retail tenant Dollar Tree now open, and soon to be joined by InnovaCare Health. InnovaCare Health will occupy 20,000 square feet providing Pura Vida residents and the surrounding neighborhood with accessible healthcare services. 

Additional confirmed retail tenants include a Wawa convenience store and gas station – representing one of the first outposts in Miami-Dade County for the rapidly expanding chain, and a Taco Bell restaurant, with more to be announced in the coming months.

Situated on a prime corner at 3051 W 16th Avenue, Pura Vida Hialeah boasts a central location just minutes from major thoroughfares including I-75, the Palmetto Expressway, the Florida Turnpike and Okeechobee Road, offering direct access to Greater Miami and the surrounding areas.

Elysee Reports $30 Million In Sales As Tower Nears Completion This Fall In Edgewater

Two Roads Development plans to deliver their Elysee condo tower in the next 60 days so that residents can enjoy their new home in time for winter as the COVID-19 pandemic and a fast-approaching winter season has sparked demand for South Florida property from northeast buyers. Buyers are now prioritizing space and privacy, with Elysee set to deliver in the next couple of months, the building has stood out among buyers who prefer the convenience of living in a boutique, fully-serviced condo over owning a home. 

The project’s sales team, Douglas Elliman Development Marketing, is also reporting that the tower is over 75% sold with over $30 million in new contracts since the 649-foot, 57-story tower topped off construction at the end of last year, with domestic and international buyers about equally represented. The boutique condo tower offers only 100 half-floor and full-floor units with remaining residences priced from about $1.9 million to approximately $10 million. The condominium is slated to become the tallest residential building in Miami’s Edgewater neighborhood upon its completion this fall.

“Now more than ever, buyers want space,” said developer Reid Boren, managing partner of Two Roads Development. “We’re seeing many prospects, especially those coming from dense cities in the northeast, who are attracted to Elysee’s boutique model, expansive floorplans and walkable location just a short bike ride away from Miami’s best waterfront parks and beaches. With the building’s completion on the horizon, we’re excited to be welcoming our residents home later this fall.”

Designed by Arquitectonica principal Bernardo Fort-Brescia, Elysee’s telescopic design and three-tiered façade ensures that all residents will enjoy 180-degree bay and city views. Located at 788 NE 23rd Street, fronting Biscayne Bay, the property enjoys one the area’s most coveted waterfront locations, and is destined to take its place among Downtown Miami’s most iconic buildings in the changing cityscape. Elysee’s interior common spaces are designed by Parisian designer Jean-Louis Deniot, acclaimed by ELLE Decor and Architectural Digest as one of the world’s preeminent talents in architecture and interior design.

“We are continuing to experience a strong demand in the Miami market from discerning buyers who want to take advantage of the year round weather and tax benefits,” said Jay Phillip Parker, CEO of Douglas Elliman Florida. “Elysee has shown a tremendous amount of activity for buyers looking to luxury new construction that provides ample space, without the maintenance of a single family home. We look forward to the ongoing success as the building comes closer to completion.”

Residences at Elysee range in size from 2,200 and 6,600 square feet, with a choice of three- to six-bedroom layouts. All will feature private elevators and foyers, ceilings of 10-feet or higher, impact-resistant glass windows and sliding doors, and customized Waterworks® master bathroom fittings and fixtures. Gourmet kitchens sport ItalKraft® cabinetry, Wolf® gas ranges and professional grade Sub-Zero® appliances. Expansive east- and west-facing terraces frame unparalleled sunrise and sunset views.

Elysee residents will enjoy access to three full floors of amenities. At the Grand Lobby level, these will include an elegant marble lobby and living room area, bayfront lounge and waterfront sunrise pool. The building’s seventh-floor amenity level will offer a resort-size sunset pool; fitness center and yoga studio; blow-dry bar; children’s playroom; and a spa with private sauna, steam and massage rooms. The Sky Level, encompassing the building’s entire 30th floor, invites large-scale entertaining with a Grand Salon lounge and bar area, Grand Dining Room with seating for up to 24 guests, catering facility and chef’s table, library, private screening room, and media room.

Last summer, Two Roads Development announced the sale of the tower’s raw/unfinished 11,600 square foot, three-story penthouse, which sold for a record $12.8 million, marking it the highest price paid for a private residence in the city’s Edgewater enclave.

Renderings via Two Roads Development

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

Urban X Group Celebrates Grand Opening Of River Landing Shops & Residences On The Miami River

Urban X Group and the Toronto-based H&R Real Estate Investment Trust have officially celebrated the grand opening of River Landing Shops & Residences, located at 1400 NW River Drive along the Miami River. The announcement comes on the heels of the projects completion earlier this year where the first phase of retailers were allowed to open in May 2020. The ownership team delayed the official grand opening for the project until retailers were more comfortable with the economy in the post-COVID-19 world. The project originally broke ground in March 2017 and cost roughly $425 million to develop.

River Landing Shops & Residences brings in excess of 2.2 million SF of total development to the Miami River including 528 market-rate apartments; 135,000 square feet of office space; 345,000 square feet of retail; and, 2,200 parking spaces. The retail component of the project is currently 70% leased. Retail tenants include Publix, Chase Bank, Planet Fitness, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores, Chick-Fil-A, Old Navy, Ficellas Bakery, Five Below and a Hobby Lobby. The project will also bring a 50’ wide linear park designed by Savino & Miller Design Studio, who is the landscape architect for the project.

Leasing for the office component at River Landing Shops & Residences launched in August 2020 with the first residents moving into the residential component in October. The residential component is managed by Lantower Residential, a subsidiary of H&R REIT.

Construction At Fort Partners' Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Passes Halfway Point

The Miami-based development firm Fort Partners has announced that construction at Four Seasons Hotel and Private Residences Fort Lauderdale has now surpassed its halfway mark. The construction velocity has put the development on schedule to top off later this year, ahead of its 2021 opening. Offering a combination of luxurious design by a world-renowned team, first-class amenities and five-star services, Four Seasons Fort Lauderdale will be the first five-star development in Broward County. The construction news is made all the more momentous by the development's latest sales update, with more than 65% of the luxury residences sold. 

“Four Seasons Hotel and Private Residences Fort Lauderdale is making incredible strides toward completion,” said Ramzi Achi, Principal of Fort Partners. “We are proud to deliver a five-star development in Fort Lauderdale that will redefine thoughtful design for generations to come. We are pleased to watch the Four Seasons Fort Lauderdale come to life and we look forward to welcoming our first buyers home next year.” 

The 22-story hotel and condominium development will include 148 guest rooms and 83 residences ranging in size from one- to four-bedrooms, with each residence offering expansive living spaces, generous private outdoor terraces and unparalleled views of the Atlantic Ocean and Intracoastal Waterway. Elegant kitchens are complete with custom Tara Bernerd-designed European cabinetry and top-of-the-line Miele, Wolf and Sub-Zero appliances, while custom European vanities and select branded fixtures adorn the well-appointed master baths. 

“We have always seen a very strong interest in the lifestyle offered by Four Seasons Fort Lauderdale. The spacious residences with private outdoor living spaces, which offer an abundance of natural light within, combined with the privacy and service afforded by Four Seasons, make these homes exactly what buyers are looking for today,” said Dan Teixeira, Director of Sales, Four Seasons Private Residences Fort Lauderdale. 

Four Seasons Hotel And Private Residences was designed by an internationally acclaimed design team with architecture by Kobi Karp, interiors by London-based interior designer Tara Bernerd who was responsible for the elegant design of the lobby and private residences; hospitality designer Martin Brudnizki designed the development’s signature culinary experience; and landscaping by Miami-based landscape architect Fernando Wong. Construction at Four Seasons Fort Lauderdale is being overseen by Coastal Construction by premier construction management company Lehrer Cumming. 

“As the building is forming into its dimensional physical shape, the presence of the sculptural form is becoming visible to the public,” said Kobi Karp, Founder and Principal-in-Charge of Kobi Karp Architecture and Interior Design. “Four Seasons Fort Lauderdale goes beyond the typical residential building and will become the defining address for Fort Lauderdale.” 

Providing an exceptional, five-star lifestyle, Four Seasons Private Residences Fort Lauderdale offers an array of amenities and à-la-carte services, including a state-of-the-art fitness center, two pools with luxury cabanas, beach butler service, signature Four Seasons spa and yachting services. Pets will have their very own pet concierge and on-call veterinarian. Residents of Four Seasons Fort Lauderdale will also receive special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean. 

Pricing for two- to four-bedroom private residences starts at $3,595,000 and occupancy is scheduled for 2021. Douglas Elliman Development Marketing is the exclusive sales and marketing firm for the development.

Miami-Dade County And Related Urban Development Group Break Ground on Three Round Towers

Miami-Dade County Mayor Carlos A. Gimenez,  Chairwoman Audrey M. Edmonson and Related Urban Development Group (RUDG) have celebrated the ground-breaking of Three Round Towers B&C and Brisas del Este, an affordable housing development encompassing three buildings for a combined total of 383 units in the Allapattah area of Miami-Dade County. They were joined by a special guest on this occasion, the Honorable Dr. Benjamin S. Carson, Secretary for the U.S. Department of Housing and Urban Development.

The Three Round Towers development was originally built in 1970 on approximately 6.98 acres and included three towers (Towers A, B and C), a Community Center and parking for residents. Tower A was substantially renovated in 2018 by Related Urban. The current renovations are focused on the major rehabilitation of Towers B and C along with the construction of Brisas del Este, a new 120-unit affordable housing project. RUDG, the affordable housing arm of prolific developer Related Group, will serve as Miami-Dade County’s developer partner. 

The rehabilitation of the two existing towers and the new construction of Brisas Del Este will result in stylish, well-appointed residences tailor made to serve a primarily senior population through elevated accessibility options. The projects will serve residents from 30% area median income (AMI) up to 80% AMI and will be completed in the beginning of 2022.

“By fully leveraging multiple financing sources, our County is paving the way more for smart projects that create vital affordable housing for our residents,” said Miami-Dade County Mayor Carlos A. Gimenez. “Miami-Dade’s public-private partnership with Related Urban Development Group has been a key component leading to the success of this particular project, and I look forward to the County’s continuing wise use of P3’s moving forward.”

The total development cost for the three buildings is more than $106 million. The layering of financing makes this development the largest of its kind in the nation  utilizing Opportunity Zone Funds ($24 million) in combination with other federal and HUD resources, such as Low-Income Housing Tax Credits (LIHTC), Rental Assistance Demonstration funding (RAD), Home Investment Partnerships (HOME) from the City of Miami, and a Purchase Money Mortgage (PMM) of $18 million from Miami-Dade County to the developer. County and State surtax funds are also being invested in the project. More importantly, the Opportunity Zone investment of $24 million was made by personally by Related Group CEO Jorge M. Peréz.

“The redevelopment of Three Round Towers and the addition of Brisas Del Este leverages the widest range of financing available in affordable housing development,” said Albert Milo, Jr President of RUDG. “It is truly a first-of-its-kind project made possible by our partners at the County, who we have worked with over a dozen times to create transformative affordable housing solutions across Miami-Dade. Through collaborations like this, we are able to continue making a real difference for the residents of the communities we build in.”

“With this project we are proving that Opportunity Zone funding is scalable for major affordable housing developments,” said Michael Liu, Director for Miami-Dade Public Housing and Community Development (PHCD). Liu continued, “With a visionary like Jorge Perez and extraordinary builder in Albert Milo, our plan to transform all of our public housing with private sector partners will succeed.” 

Miami's First Large Scale Opportunity Zone Development Tops Off At 18-Stories in Downtown Miami

Co-developers The Estate Companies (EIG) and PTM Partners (PTM) have announced the topping off of the 230,430-square-foot, 18-story, 360-unit luxury rental development, Soleste Grand Central (Soleste Grand). Located at 218 NW 8th Street, steps from MiamiCentral Station in Downtown Miami, Soleste Grand represents Miami’s first large-scale opportunity zone real estate development.

“We are thrilled to have reached this significant construction milestone and look forward to delivering an exceptional development to the Downtown marketplace,” stated Robert Suris, managing principal, The Estate Companies. “Soleste Grand Central offers an elevated collection of health and wellness offerings, social components, and cutting-edge amenities at an attainable price point. We are confident this development will set a new standard for luxury rental properties in the area.”

The contemporary-style building was designed by Caymares Martin with interiors by ASG Interior Design. Apartments range in size from approximately 442 to 1,082 square feet and in studio, one-, two- and three-bedroom layouts. Residences also offer modern kitchens with custom cabinets, quartz countertops and designer lighting. Residences include dual master suites, spacious walk-in closets, private balconies and a full size washer and dryer. 

Soleste Grand offers nearly an acre of unparalleled indoor and outdoor amenity space for tenants to enjoy. For a peaceful retreat, a relaxing drink, or outdoor movie viewing, the ninth floor deck provides open lounge areas and summer kitchens that overlook the downtown Miami skyline. The fourth floor features 20,000 square feet of amenities, including a state-of-the-art fitness center with virtual trainers, dedicated yoga and Pilates room, and areas for high intensity interval training programs. Post-workout, residents can enjoy the resort-style pool deck or indulge at the spa with relaxation rooms, sauna and massage therapy rooms. The indoor club room offers billiards, shuffleboard, a large communal living room and viewing area that can be modified for intimate or large group events. The two-story marble-clad lobby offers a professionally programmed co-working space for residents, communal seating areas surrounded by indoor foliage, and a cafe with flexibility for event use.  

“By combining PTM and The Estate Companies’ deep knowledge and expertise in multifamily development, we have been able to develop a Class-A product that we intend to bring to market at a price point that is accessible to renters who have been priced out of many other recent new Class-A developments in Miami,” stated Michael Tillman, CEO, PTM. “On top of that, we have layered in novel amenity and technology offerings that are unlike others we have seen to date in the Miami marketplace and are excited to deliver a desirable home for our future residents.” 

 “The Estate Companies and PTM have a shared vision for the property and what today’s consumer is looking for,” added Jeffrey Ardizon, principal, The Estate Companies. “We believe we have implemented features our tenants value most. The daily conveniences of technology and large open spaces have gained priority, especially during the last few months.”   

Slated for completion in Q1 2021, Soleste Grand Central is a transit-oriented development. In addition to its close proximity to the MiamiCentral Brightline Station, the community is also near the Metrorail, Metromover, bus lines and soon, the Tri-Rail commuter rail. The project is also situated adjacent to I-95, the multi-billion-dollar Miami World Center, and the Downtown Miami office corridor.  

Multiplan Real Estate Asset Management Celebrates Top Out Of 57 Ocean on Miami Beach's Millionaire's Row With Giant Sandcastle

57 Ocean, an ultra-luxury residential project on Miami Beach’s Millionaire’s Row, has officially topped off construction at 18 stories. The project is being developed by Multiplan Real Estate Asset Management, who celebrated the milestone in tandem with the boutique oceanfront project’s exclusive sales broker, Fortune Development Sales, and the general contractor, Moss Construction. 57 Ocean broke ground in April 2019 and is on-schedule for next fall’s projected delivery date.  

“This is a triumphant day for us,” said Marcelo Kingston, Managing Partner of MultiplanREAM.  “Our team has worked tirelessly to ensure that all deadlines were met and expectations of our buyers are exceeded.  The global response to our project has been overwhelming.  To be more than halfway sold, with dozens of new prospective buyers reaching out to us daily -- recognizing the unmistakable value of a project of this size, scope, and setting -- is a point of pride to us, as well as to our founder, Dr. José Isaac Peres.”

 “We are proud to be celebrating this milestone today ahead of schedule -- a testament to the leadership, expertise, and excellence that have guided 57 Ocean and its rise,” said Scott Moss, CEO of Moss Construction.  “This is an absolutely beautiful project that is going to be a huge point of pride for Miami Beach and South Florida, as a whole.  The attention to detail is profound -- from the unique undulating façade of the building to the stackable sliding doors that seamlessly draw the outdoors in, and the wood-accented ceilings.  57 Ocean is truly a first-of-its kind project for the area with details that will set it apart from all other luxury buildings.”

57 Ocean, located at 5775 Collins Ave., is now approximately 60% sold. Just this month the sales team announced the purchase of a $7.8 million Sky Residence to a Miami Beach resident, who singled-out the project for its new construction, amenities, and oceanfront setting. In addition to 20 flow-through Sky Residences, starting at $6.95 million, 57 Ocean has one remaining penthouse, priced at $35 million. 

57 Ocean was designed by Arquitectonica with interiors by Patricia Anastassiadis of Anastassiadis Arquitetos. The waterfront building offers 71 residences as well as a selection of five-star, Blue Wellness-inspired amenities and designs. 57 Ocean will offer two- to four-bedroom residences, starting at $1.5 million, with sizes ranging from 1,245 to 3,474+ square feet. The well-appointed homes will feature expansive terraces, each stretching up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Amenities feature a holistic spa with products by One Ocean Beauty, a wellness pavilion with a thermal suite and relaxation areas, meditation and hanging gardens, poolside treatment cabanas, etc. Additional amenities include a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.  

“57 Ocean is unlike anything that’s currently on the market in Miami Beach,” said Edgardo Defortuna, founder and CEO of Fortune Development Sales.  “Our buyers know that this project is rare, offering a lifestyle that surpasses all wants and needs – especially in the wake of COVID-19.  These huge interiors, large terraces, the connection to the water, and focus on health and wellness are a winning combination that simply cannot be overlooked.”

In the face of the COVID-19 outbreak, the development, sales and construction teams took the opportunity to forego a traditional celebratory event by building a massive, six-foot-by-20 sand sculpture on the beach, adjacent to the site.  The sculpture, featuring a relief of 57 Ocean’s iconic undulating exterior, designed to resemble waves on the water, calls attention to the project’s ongoing support of the Oceana organization, which works to protect the world’s oceans. 

The public will be able to admire the whimsical piece while remaining socially distant while wearing complimentary 57 Ocean-branded masks.  57 Ocean’s developers will additionally host a beach clean-up with the Miami chapter of the Surfrider Foundation once coronavirus cases subside; the beach clean-up event was initially slated to take place the week of the topping-off.

Terra And Crescent Heights Break Ground On Canopy Park In South Beach

Terra and Crescent Heights, along with development partner New Valley, have broken ground on Canopy Park, located at the gateway to South Beach at after winning approval from the Miami Beach City Commission last year. The developers are building a three-acre public park, named Canopy Park, alongside a new residential tower at 500 Alton Road. Terra is led by David Martin and Crescent Heights is led by Russel Galbut, both longtime local Miami-based developers.

The three-acre park, located between the 600 and 700 blocks of Alton Road, will include open green-spaces shaded by native tree species, pedestrian and bike paths, an outdoor gym and dog run, a MONSTRUM-designed children’s playground, and public art displays. Canopy Park will be connected to the South of Fifth neighborhood and the Miami Beach baywalk via a new pedestrian bridge over I-395. The pedestrian bridge was designed by artist Daniel Buren and has been dubbed the Miami Beach Canopy. Construction of Miami Beach’s newest world-class city amenity is now underway, with completion estimated for Summer 2021. Canopy Park is located at the site of the former South Shore Hospital which the developers recently demolished.

“Canopy Park will be a gateway for the City of Miami Beach, a destination for visitors, and an everyday amenity for residents, so we’ve taken the time to assemble a team of design, art and planning visionaries who have led some of the most transformational projects in the world,” said David Martin, President of Terra. “The end result will be an active park and design experience that rivals public spaces in the world’s greatest cities.”

“World class cities and neighborhoods are defined by their public spaces, and Miami Beach is home to some of the most desirable parks and open spaces anywhere,” said City of Miami Beach Mayor Dan Gelber. “Our City’s newest public green space, Canopy Park, will quickly become a welcomed amenity for nearby residents and a favorite gathering spot for our entire community.”

The development team has enlisted an ensemble of artists, designers and architects who will bring the park to life, including architects Bernardo Fort-Brescia & Raymond Fort of Arquitectonica; landscape architect Laurinda Spear of ArquitectonicaGEO; design advisors Daniel Vasini of West 8, Anda Andrei of Anda Andrei Design, and Michael Gabellini and Kim Sheppard of Gabellini Sheppard Associates; and art advisor Lisa Austin. 

A major design component of Canopy Park will feature a “natural play” playground by Danish design firm MONSTRUM, which is famous for creating artistic and architectural playscapes around the world. Standout elements of the playground will include a giant butterfly, a mangrove forest and a caterpillar slide enabling children to jump, climb, balance, and express their inner imaginations.

The Miami Beach Canopy pedestrian bridge, subtitled Walking Under, Along, and On the Colors: work in-situ by Daniel Buren, will complete the Miami Beach Baywalk, creating a safe and seamless connection running from Southpointe Park north to the Lincoln Road District and east to the beachfront. The Canopy will become an instant icon for Miami Beach and a beloved work of public art that guides pedestrians along a rainbow of colorful shadows. Completion of the Miami Beach Canopy pedestrian bridge is anticipated for 2022.

Plans for Canopy Park also include an array of sustainability and resiliency features, including habitat restoration, vegetation, biodiversity, native plant communities, irrigation, water conservation and rainwater management. The park will also serve as an educational resource to inform and inspire the public about resilience and sustainability efforts being made by the city.

Terra Breaks Ground on Mr. C Residences in Coconut Grove

South Florida developer and President of Terra, David Martin, and fourth generation Cipriani brothers, Ignazio and Maggio, Co-Founders of the Mr. C brand, have officially broken ground on Mr. C Residences Coconut Grove. The 20-story tower, located at 2655 S. Bayshore Drive, will mark the first-ever, large-scale residential project for the Mr. C brand, introducing a new level of residential living that will complement Coconut Grove’s appeal as a thriving residential, restaurant, and commercial neighborhood. Sales at Mr. C Residences launched in February 2020 led by Douglas Elliman. Units are priced from the low $600,000’s to over $5 million.

“Mr. C Residences will reflect Terra’s commitment to design excellence and connectivity in one of South Florida’s most walkable neighborhoods, catering to residents who want to live steps away from Biscayne Bay, Coconut Grove’s iconic parks, first-rate schools, and countless shopping, dining and entertainment options,” said developer David Martin, President of Terra.

The Arquitectonica-designed luxury, high-rise with interiors designed by international designer Meyer Davis, is comprised of 118 sophisticated residences ranging in size from one to five bedrooms, spanning 650 to 3,645 square feet. Inspired by the Mr. C brand, interiors reflect maritime influences with laminated wood paneling and nautical blues and touches of Miami’s vibrant scene. Residential units feature open floor plans, 11-foot ceilings, floor-to-ceiling windows, private terraces, and custom Italian design influences. 

“It’s with tremendous pride that we present this building to Coconut Grove alongside Terra,” says Ignazio Cipriani, Co-Founder of Mr. C. “It embodies a contemporary take on the classic European Cipriani experience that’s been perfected over four generations before us and is constantly evolving in response to our everchanging lifestyles.”

The lifestyle-driven development features an expansive list of amenities including a signature Mr. C Café, specialty gourmet marketplace, wellness lounge and juice bar, private Bellini Bar on the pool deck, in-home delivery from the Mr. C Café, butler service and nautical concierge services. An entire floor is dedicated to body-and-mind wellness spaces, from whole-body fitness zones with personal trainers and specialty classes to a signature spa with treatments rooms, indoor yoga, Peloton studio, steam and sauna rooms, as well as poolside and cabana services. Other highlights include pool bar and event lounge, garden-level lap pool, billiard rooms, library and screening lounge, Little C’s Learning and Adventure Lab, teen game rooms and business lounge with meeting rooms. 

Mr. C Residences Coconut Grove is slated for completion in 2022.

For more information about Mr. C Residences Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

Melo Opens Miami Plaza Tower In Downtown Miami's Arts & Entertainment District, Marking Milestone 2,300+ Units Completed In 5 Years

Melo Group, one of Miami’s most active residential development firms, has transformed and activated Downtown Miami’s Arts & Entertainment District with attainable, transit-oriented multifamily product for local residents. The firm has officially completed Miami Plaza, its newest transit-oriented 36-story rental tower which is now open for occupancy. Miami Plaza is situated adjacent to the Miami-Dade Metromover School Board Station at 1500 Northeast Miami Plaza and is comprised of 425 rental apartments catering to the growing influx of young professionals in Downtown Miami seeking walkable live-work-play lifestyles without the commute. The development also includes approximately 8,000 square feet of ground-floor retail/restaurant space available for lease. 

Apartments at Miami Plaza feature expansive balconies with bay and city views, floor-to-ceiling sliding doors, energy-efficient tinted glass, European-style kitchen and bathroom cabinetry, granite countertops, double door refrigerators, stainless steel appliances, spacious living and dining rooms, imported ceramic tile and laminated wood flooring, and full-size washer and dryers. Residences at Miami Plaza apartments range from one- to three-bedrooms measuring between 700 to 1,400 square feet. Monthly rental rates start at approximately $1,680 for one-bedroom units; $2,100 for two-bedroom units; and $2,640 for three-bedroom units. 

Building amenities include a large 70-foot swimming pool, a fully-equipped fitness center, a café social lounge, 24-hour concierge/security, and a multi-level secured garage with valet service.

“Art Plaza completes our vision for the transformation of the Arts & Entertainment District – an area of Downtown Miami that has been residentially underserved for years – into a true live-work-play neighborhood,” said Martin Melo, principal of the Melo Group. “Our transit-friendly location, with convenient access to the Metromover, Metrorail and Miami Trolley, gives residents convenient everyday access to public transportation and will hopefully help reduce traffic congestion in Downtown during the workweek.”

Miami Plaza marks the fourth multifamily development, and sixth tower, that Melo Group has delivered in the Arts & Entertainment District since 2016 and completes the final phase of the firm’s plan to bring more than 2,300 transit-oriented rental units to the growing neighborhood. The firm’s previously completed developments in the area, all of which are clustered around the Miami-Dade Metromover School Board Station within a few blocks of each other, include the 497-unit Melody Tower, which delivered in 2016; the two-tower 710-unit Square Station, which delivered in 2018; and most recently, the two-tower 667-unit Art Plaza, which delivered in 2019.

“The demand for highly-amenitized, well-built attainable rental units within walking distance of our city’s transit systems, prime retail and entertainment venues is strong,” added Carlos Melo, principal of the Melo Group.

Melo Group has helped activate Downtown’s Arts & Entertainment District bringing a total of more than 45,000 square feet of new retail and restaurant space at the base of their apartment buildings to serve tenant’s everyday needs. Some of the community’s newest tenants include Bunbury, Bistro Café, Tapout Fitness, My Salon, Spot Barbershop, Shine Nail Salon, New York Roma Pizza and Testa Wines. Melo is also gearing up for the debut of “Art Kitchen,” an indoor/outdoor dining promenade at the base of the firm’s Art Plaza towers that will feature ten different restaurant concepts with cuisines ranging from Indian, Peruvian, Mexican, Japanese, Italian and more.

Melo Group’s father-and-sons team, led by Jose Luis Melo and his two sons Carlos and Martin Melo, has been a driving force behind Miami’s real estate resurgence since 2001, with the firm recognized today as one of the region’s preeminent developers of high-end residential developments in Downtown Miami. Miami Plaza is Melo’s 16th residential building delivered in the Greater Downtown Miami area, bringing the firm’s portfolio to more than 5,000 total condo and rental units completed with another 2,000+ units in the works.

Melo Group’s next residential project, Downtown 5th, is now under construction at 55 NE 5th Avenue in Downtown Miami’s Central Business District. With completion slated for 2021, the luxury apartment complex will include twin 51-story towers with 1,042 rental units and more than 5,000 square feet of ground-floor retail/restaurant space.