Cymbal Development Tops Off Oasis Pointe Residences In Dania Beach 6 Months After Breaking Ground

Cymbal Development and DLT Global have topped off Oasis Pointe Residences in Dania Beach, just 6 months after breaking ground on the project. Plaza Construction is the general contractor on the multi-unit waterfront apartment complex which set to open Spring 2022. Oasis Pointe Residences is part of Cymbal Development's $1 billion+ development pipeline slated for Broward County.

Cymbal Development, led by Asi Cymbal, and DLT Global, led by Hector Torres, were joined by elected officials and public servants including Broward County’s Vice Mayor Michael Udine, Dania Beach Mayor Tamara James, Vice Mayor Marco Salvino, Dania Beach City Commissioner Joyce Davis, former Mayor Bobbie Grace, former Commissioner Bill Harris, Development Director Eleanor Norena, Special Permitting Coordinator Tammie James, and the Executive Director at Dania Beach Community Redevelopment Agency Michael Chen.

To mark the occasion, the final piece of the structure was hoisted into place atop the highest point of the building accompanied by a small money tree from the property as confetti cannons were launched and a giant American flag waved in the background. After the ceremony, the tree was brought down safely to be replanted in the meditation garden at Oasis Pointe Residences.

A 2.4-acre waterfront complex, Oasis Pointe Residences will serve as the area’s first waterfront apartment building with 301 units, thoughtfully designed details, and exceptional indoor and outdoor amenities to create fresh-air havens of relaxation and retreat in a post COVID-19 world. The living spaces of the building will feature a mix of studios, one, two, and three-bedroom luxury apartments with open floor plans and modern features.

The residential design of the luxury indoor and outdoor living spaces responds to the timely demands for better natural ventilation, lighting, and fresh air quality while the amenities seek to enhance the mental and physical well-being of residents.

Inspired by the surrounding water and nature, key amenities and features of the eight-story building will include: butterfly and meditation gardens; a boat club; a waterfront boardwalk with a 19-slip marina; a Zoom lounge with private office suites and workstations; an outdoor lap pool; a fire pit with outdoor BBQ and picnic areas; a state-of-the-art, open-air fitness facility and yoga studio; an indoor lounge and game room; a dog park; and air purification, sterilization, and ionization systems that are 99% effective against COVID-19.

“We are grateful for this opportunity to build an amazing project in Dania Beach, on the water, and adjacent to the myriad of dining, shopping, and entertainment options of Dania Pointe. We are here to make a significant and positive impact on the community and on this great city. We love Broward County and are looking forward to completing our $1 billion development pipeline in Broward County!” said Asi Cymbal.

Located at 150 South Bryan Road in Dania Beach with easy access to I-95 and I-595, Oasis Pointe will be in close proximity to the Fort Lauderdale-Hollywood International Airport, Port Everglades Cruise Port and the corporate headquarters of Spirit Airlines and Chewy. It is adjacent to Dania Pointe, a new mixed-use development that features premier shopping and dining options, commercial spaces, and a dual-branded hotel.

Merrimac Ventures Breaks Ground On $90 Million Merrimac Plantation Multifamily Development In Plantation

South Florida-based development firm Merrimac Ventures has broken ground on Merrimac Plantation, a new multifamily development on the rise in the City of Plantation, Florida. Located at 1711 N. University Drive, Merrimac Plantation will total 293,945 square feet with 306 rental apartments across two six-story midrise buildings. Construction is now underway and slated for completion in 2023.

Apartments will range from one- to three-bedroom layouts, featuring modern stainless-steel appliances, high-end European cabinetry, elegant quartz countertops, and smart locks and thermostats. Amenities will include a double height lobby, club room, pool, covered terrace, barbecue grilling stations, two exterior courtyards, fitness center, a co-working and business center with private offices and conference rooms, a resident ‘hangout’ lounge, dog park and dog spa, electric vehicle charging stations, and available Wi-Fi connectivity throughout the property.

“Once completed, Merrimac Plantation will meet growing demand for market rate rental housing in Central Broward County, which is experiencing an influx of new residents drawn to the area’s accessible location, appealing quality of life, and proximity to several major employers,” said Nitin Motwani, Managing Partner of Merrimac Ventures.

Merrimac Plantation will provide residents an appealing live, work, play environment, with the property’s strategic location adjacent to the Plantation Midtown Business District, an 860-acre master-planned development featuring 2.5 million square feet of retail and restaurants as well as 3 million square feet of office space. Also within close proximity is the Plantation Pointe Office Park, the Westside Regional Medical Center, and the Plantation Walk mixed-use redevelopment. Large retail outlets nearby include the one million square foot Fountain Shoppes lifestyle center and the 2.4 million square foot Sawgrass Mills. Residents can also enjoy Plantation's Central Park, a 103-acre park with a multitude of sporting activities.

Broward County’s City of Plantation is a growing, vibrant municipality and one of South Florida’s most desirable suburban neighborhoods, with a residential population exceeding 94,000 and a daily workforce of more than 55,000. As Plantation’s thriving business community continues to grow and attract major companies, the City is already home to some of the region’s largest employers including Motorola Solutions, Aetna Insurance, TradeStation, Virgin Voyages, AmSurg, Baptist Health, Magic Leap and Chewy. Plantation is easily accessible to major highways including the Florida Turnpike, and is within a 20-minute drive of Fort Lauderdale-Hollywood International Airport and Port Everglades.

Merrimac Plantation is the newest addition to Merrimac Ventures’ growing portfolio of developments across South Florida. The firm’s current projects include the Four Seasons Hotel and Residences Fort Lauderdale Beach; Riverfront East, a new mixed-use development underway in the heart of Downtown Fort Lauderdale that is currently home to the popular outdoor event venue The Wharf; the recently opened Flagler Village Hotel, a dual branded Hilton Tru/Home2 Suites property adjacent to Brightline’s train station; an 11-story boutique condominium planned for 530 North Beach Road in Fort Lauderdale Beach; 1350 South Ocean, an approved 27-story, 92-unit luxury condominium tower along the beachfront in Pompano Beach; 317 North Federal, a 716-unit multifamily development in Fort Lauderdale; and Miami Worldcenter, a $4 billion, 27-acre master planned mixed-use development underway in Downtown Miami.

Images via Al Evans, Downtown Photo

Sold Out Boca Beach House Luxury Residences & Marina Tops Off In Boca Raton

Key International and Integra Investments, leading real estate investment and development companies in South Florida, in partnership with Wexford Real Estate Investors, a real estate investment firm – have announced the official top off of Boca Beach House Luxury Residences & Marina.

Located on Lake Boca Raton at 725 S. Ocean Blvd., the boutique residential community features 32 luxury residences built on a 3.2-acre site with an 18-slip private marina. Sales for the building were handled by Key International Sales, the exclusive brokerage for Boca Beach House led by CEO Liliana Paez. The development achieved a total sellout of $145,000,000.

“We’re very excited to celebrate the top out of this world-class project,” said Pedro Querejeta, Executive Vice President of Construction and Development for Key International. “We worked with the best in the business to deliver a product that speaks to our commitment to quality design and lifestyle. Boca Beach House residents will enjoy all the best the area has to offer.”

Boca Beach House offers a uniquely elegant community where buyers can enjoy an intimate home atmosphere coupled with five-star services and amenities. Residents will have access to round-the-clock white-glove concierge services and a state-of-the-art indoor fitness center. Outdoors, the amenities include an expansive pool terrace overlooking Lake Boca Raton, barbecue area, yoga practice area, lakefront boardwalk and a secluded outdoor spa surrounded by tropical landscape. Residences range from two to four bedrooms and 3,855 to 5,041 square feet with semi-private elevator access and expansive outdoor spaces.

Expected to debut in Summer 2022, Boca Beach House’s architectural design is by Sieger Suárez Architects and construction is being led Craft Construction.

By Katya Demina

Construction Goes Vertical at Miami Worldcenter’s 78,000 SF Jewel Box Retail Building

As development continues throughout Miami Worldcenter’s 27 acres, vertical construction is now underway and progressing quickly at one of the last remaining retail components in the $4 billion, master-planned mixed-use project. Slated for completion in the second quarter of 2022, the iconic ‘Jewel Box’ building will feature two levels with approximately 78,000 SF of retail space including an expansive rooftop overlooking the development’s World Square plaza. Featuring a modern design enclosed with floor-to-ceiling glass, the Jewel Box is located at the confluence of 7th Street Promenade and World Paseo open-air retail pedestrian streets, directly west of the upcoming citizenM boutique hotel and north of luxury apartment tower Bezel at Miami Worldcenter. 

More than 150,000 sSF of retail space at Miami Worldcenter has already been completed, with another 130,000 SF currently under construction and nearing delivery. Newly announced restaurant tenants set to open in 2022 include Chicago’s Maple & Ash and etta, and Miami chef Michael Beltran’s Brasserie Laurel and El Vecino. 

“The final elements of this world-class retail development plan are coming together, and the design and concept for the signature ‘Jewel Box’ element reflects the strong feedback we’ve received from brands from around the world and across South Florida,” said developer Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Traditional retailers, food and beverage, and entertainment concepts see value in having a presence in a well-located, well-connected site combining residential, hotel, office and retail uses within a single master-planned development.” 

As the largest private development underway in Florida, Miami Worldcenter features a diverse mix of residential, commercial and hospitality properties complemented by a total of 300,000 SF of  retail, restaurant, and entertainment businesses. These include two completed residential buildings: the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Construction is nearing completion at ZOM Living’s 43-story Bezel at Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.  

Complementing Miami Worldcenter’s open-air retail will be World Square, a 20,000 SF public plaza and park. Designed as a central gathering place and outdoor event space, World Square will serve as the heartbeat of the city-within-a-city featuring an abundance of shade trees, works of art by local and international artists, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts. 

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.  

PMG and Greybrook Lock Down $142.3 Million Construction Loan for Society Wynwood

National investment, development, and asset management firm PMG, alongside partner Greybrook Realty Partners, has secured a $142.3 million construction loan for the 10-story Society Wynwood mixed-use project located at 2431 NW 2nd Ave. in Miami’s Wynwood Arts District. The loan will provide financing for the development of the project, which commenced construction earlier this year.

Financing was provided by Pacific Western Bank and Square Mile Capital. In its second recent multifamily project with both lenders and sixth overall transaction with the duo, PMG was represented internally by Andrew Warman, Lowell Plotkin and Jonathan Blank.

“We are thrilled to expand our relationship with these top lenders beside our partners at Greybrook to create a premier living and entertainment destination on the most prominent block in Wynwood,” said Ryan Shear, Managing Partner at PMG. “Miami and the Wynwood market are close to our hearts as a team of passionate locals. With the incredible success we’ve experienced at Society Las Olas in Fort Lauderdale, and Society Biscayne slated to open in early 2022 in Downtown Miami, Society Wynwood will be the third social apartment community in South Florida under our rapidly expanding Society Living national brand. Society Wynwood will provide a community-driven living experience and attainably-priced housing that reflects the vibrant energy and positivity of the surrounding neighborhood.”

Slated for completion in Spring 2023, Society Wynwood will include 318 rental apartments and 50,210 SF of commercial space between the ground floor and rooftop. Scott Sherman’s Tricera Capital has a deal to acquire the commercial spaces upon completion of the project.

The development will offer a blend of traditional units with efficient layouts and “Rent-by-Bedroom” (co-living) options. Amenities will include a massive pool deck, co-working lab, modern gym and fitness studio, entertainment lounges, yoga lawn, craft food and beverage operations, smart package lockers, app-based keys, integrated retail space and more.

“Securing this construction loan for Society Wynwood further proves the strength of the Society Living portfolio and the appeal of social apartment communities,” Sami Mouaket, Director, U.S. Investments & Development at Greybrook Realty Partners. “Society Wynwood’s turnkey rental options, premium amenities and curated event programming deliver an attractive investment opportunity for investors and will provide outstanding quality of life for future residents.”

Launched in 2019, the national Society Living multifamily brand was created to address insatiable demand for reasonably priced rental communities close to urban centers, where modern neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that foster personal growth within a culture of inclusivity and unity.

Existing Society Living developments include Society Las Olas in Downtown Fort Lauderdale, Florida, which opened in May 2020; Society Biscayne in Downtown Miami, slated to open in Q1 2022; Society Orlando, under construction in Downtown Orlando; and Society Denver, which was announced last month. Over 8,500 units are planned nationally including additional developments in Atlanta, Brooklyn and Nashville.

OKO Group And Cain International's Missoni Baia Has Topped Off At 57-Stories In Edgewater

OKO Group and Cain International’s Missoni Baia tower in Miami is one step closer to completion after topping out at 57 stories, 649’. The Missoni-branded luxury condominium is designed by Asymptote Architecture, led by Hani Rashid, and is located at 777 NE 26th Terrace along Biscayne Bay in the City’s Edgewater neighborhood. Most of the tower’s 249 units are already sold ahead of its projected completion later this year with $110 million in sales since January 2021.

Missoni Baia is being developed by a partnership between OKO Group, one of South Florida’s most active and successful luxury development firms helmed by international real estate mogul Vladislav Doronin, and Cain, a privately held investment firm with approximately $6.7 billion in real estate equity, debt and leisure business investments led by Jonathan Goldstein. Sales and marketing are led by Fortune Development Sales.

“Miami has garnered much attention in the last year and is arguably one of the most dynamic cities in the United States, possibly the world at the moment,” said Jonathan Goldstein, CEO of Cain International. “We are thrilled with the momentum we are seeing across our residential portfolio and remain confident that Missoni Baia will continue to benefit from its coveted waterfront location, proximity to Miami’s CBD and Design District, as well as its world-class design features and amenities. Reaching this milestone is a huge step for Cain and our partners and we look forward to continuing to support Miami’s growth into a global gateway city.”

The top off announcement comes as Miami’s real estate market experiences a surge in sales from domestic buyers, specifically coming from major U.S. cities across the Northeast and Midwest regions, enticed by South Florida’s desirable quality of life, lower business and living expenses, and tax-friendly policies. Since January 2021, Missoni Baia has completed over $110 million in condo sales, widely purchased by domestic buyers either buying second homes or looking to relocate to Miami completely.

Missoni Baia’s modern architectural design and sleek, minimalist art-inspired façade is being brought to life by architect Hani Rashid of Asymptote Architecture, with a richly layered landscape designed by Enzo Enea of Enea Garden Design.

“With its exceptional location, spectacular views, superior quality and top-of-the-line luxury amenities, Missoni Baia stands out as one of the best value-buys in all of Miami – and we’re excited to soon welcome residents to their new homes,” said OKO Real Estate CEO Vanessa Grout, who oversees sales for OKO Group. “As we quickly approach the building’s completion later this year, purchasers are seeing a new standard of construction and design brought to Miami’s best new neighborhood.”

As Missoni’s first-ever branded residential tower, the Italian design and fashion house is incorporating its trademark colorful design palette and Missoni Home furniture collection into the tower’s vibrant interiors, including all public spaces and amenity areas. New York designer Paris Forino, under the creative direction of Angela and Rosita Missoni, has envisioned the tower’s elegantly crafted residences, furnishings, and artworks.

Priced from about $650,000 to upwards of $9 million, residences at Missoni Baia range from one- to five-bedroom layouts measuring between 776 and 3,788 SF in size. Every residence offers direct bay or city views, with panoramic vistas of Biscayne Bay, Downtown Miami, Miami Beach, and the Atlantic Ocean.

Residences feature 10’ ceilings, 8’-10'-deep terraces, impact-resistant glass windows and sliding doors, floor-to-ceiling glazing, marble-encased bathrooms with European style lacquered cabinets and mosaic tile floors, and custom-designed kitchen cabinetry with top-of-the-line appliances.

Amenities at Missoni Baia will include an array of sporting and leisure activities that will integrate the comfort of a luxury resort with the ambiance of a private residence. Residents will enjoy five separate pools including an Olympic-sized swimming pool, a cantilevered infinity pool with limitless views of Biscayne Bay, a lounge pool, whirlpool spa, and a children’s pool and splash pad area. The tower will also feature two poolside resident lounges, private cabanas, elevated tennis courts, one of the city’s largest and elegantly appointed spas with sauna/steam facilities and private massage treatment rooms. Additional perks include a state-of-the-art gym with 180-degree bay views, dedicated yoga and Pilates studios, a kids’ club and indoor play area, a hair and nail salon, a pet spa, and a private screening room. Residents will also receive exclusive membership access to the Grand Bay Club on the beachfront of Miami’s Key Biscayne.

Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways,, the two main arteries connecting the City of Miami and Miami Beach, Edgewater has fast-emerged as the epicenter of the new Miami. The surrounding neighborhoods of Downtown’s Arts & Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach put residents within blocks of luxury retail shops, high-end restaurants and world-class arts and culture venues.

Missoni Baia is OKO Group and Cain International’s latest residential tower in Miami. The team has another two developments under construction nearby, including Una Residences, a 47-story luxury condominium on the waterfront in the City’s South Brickell District, and 830 Brickell, a class A-plus office tower in the heart of Downtown’s Brickell Financial District – both designed by Adrian Smith + Gordon Gill. Additionally, OKO Group recently received approval to bring an Aman Hotel & Residences to Miami Beach’s Faena District.

Images via Golden Dusk Photography; Renderings via OKO Group & Cain International

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

PMG And Greybrook Realty Partners Top Off Society Biscayne Tower At 400 Biscayne Boulevard

PMG and Greybrook Realty Partners have topped off Society Biscayne, their 49-story social living community located at 400 Biscayne Boulevard in Downtown Miami. The Sieger Suarez Architects-designed tower rises 574.2’ and features a mix of residential, retail, office and religious uses. The tower broke ground in June 2019 after the developers locked down a $161.5 million construction loan. Construction is moving quickly with unit framing and installation of glass paneling surrounding the podium of the building is well underway. Society Biscayne expects to launch their pre-leasing program later this summer with the first expected occupants set to move-in January 2022.

Society Biscayne is a 646-unit social living community which features 40,000 SF of amenity space including a sky pool bar, an oversized fully-equipped modern gym, and expansive waterfront views. Society Living communities are designed to provide a growing urban renter population with an enhanced social living experience, along with co-living options that address the strong demand for attainably priced rental housing in attractive urban locations across the U.S.

Miami’s Downtown is one of the city’s rapidly transforming submarketsNearby at 300 Biscayne PMG and Greybrook Realty Partners are also developing Waldorf Astoria Hotel & Residences Miami, an ultra-luxury development which is set to be the tallest tower south of Manhattan and transform the city skyline. PMG also recently launched E11EVEN Hotel & Residences in Downtown Miami across the street from E11EVEN Nightclub. The tower will rise 65-stories and features 375 fully-furnished condo-hotel units which start at $385K. The project is reportedly already 70% sold-out after launching sales in late-January 2021.

AMLI Residential Breaks Ground On The Arquitectonica-Designed Multifamily Development AMLI Wynwood

AMLI Residential has broken ground on AMLI Wynwood, a mixed-use multifamily development which is one of the largest projects to break ground in the trendy neighborhood as new zoning has attracted multifamily developers. AMLI Wynwood is designed by Arquitectonica and will rise 8-stories, spanning 550,000 SF of total development. AMLI Wynwood will feature 316 luxury apartment units with 33,821 SF of ground floor commercial space and 388 parking spaces. Amenities will include a rooftop pool deck, yoga lawn, dog park and barbecue area. John Moriarty & Associates is the general contractor for the project. AMLI Wynwood is located at 70 NW 25th St. on a 2.18-acre site which AMLI Residential acquired for $35 million in January 2020 from David Edelstein.

Swerdlow Group Breaks Ground On Sawyer's Walk Mixed-Use Development In Miami's Overtown Neighborhood

Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities. Sawyer’s Walk, a 1.4 million-square-foot development led by Swerdlow Group in collaboration with the Southeast Overtown/Park West Community Redevelopment Agency (CRA), will include 250,000 SF of destination retail alongside 578 apartments designated for low-income seniors.

Swerdlow Group and its partners, SJM Partners and Alben Duffie, acquired the 3.4-acre property at 249 NW 6th Street from the CRA and broke ground on the development at a June 23rd ceremony. Construction is expected to be completed in 2023.

“In working with the CRA and listening to nearby residents, it became clear that senior housing, affordable shopping options, and quality jobs are among the most pressing needs in Overtown,” said Swerdlow Group CEO Michael Swerdlow. “Sawyer’s Walk will check all of these boxes, while also creating a new destination for retail and dining that will activate city streets and attract people from throughout Downtown Miami and surrounding neighborhoods.”

The development of Sawyer’s Walk coincides with a rush of new residents, businesses and visitors into Miami’s urban core. Greater Downtown Miami is now home to 115,000 residents, 250,000 daytime visitors, and six million annual visitors, according to the Miami Downtown Development Authority.

Retail offerings at Sawyer’s Walk will include a 50,000 SF Target, a 25,000 SF Aldi supermarket, and new locations for Ross Dress for Less, Five Below, and Burlington. Additionally, 25,000 SF of public space at street level will feature restaurant space, outdoor seating, a children’s playground, a pedestrian promenade, a dog park, and a City of Miami NET office.

The upper floors of Sawyer’s Walk will offer 578 apartments set aside for low-income seniors earning at or below 60% of the Area Median Income. The unit mix will include studios, one-bedrooms, and two-bedrooms. Amenities will include a rooftop pool deck, a clubhouse and entertainment lounge, meeting rooms, and a complimentary health club membership for all residents.

“Sawyer’s Walk will be a triple-win for the Overtown community and the City of Miami, delivering a positive impact in the form of new jobs, additional revenue, and an affordable place to call home for hundreds of our local seniors. These benefits will help sustain quality of life in Miami while advancing the mission of the Southeast Overtown/Park West CRA,” said Jeffrey Watson, Chairman of the Southeast Overtown/Park West CRA.

Sawyer’s Walk is located alongside I-95, adjacent to Downtown Miami’s Central Business District and blocks from Brightline’s Miami Central station, the 27-acre Miami Worldcenter development, the Historic Lyric Theatre, Government Center, and Miami-Dade College’s Wolfson Campus. The site is bounded by NW 3rd Avenue on the west, NW 7th Street to the north, NW 2nd Avenue on the east, and NW 6th Street to the south.

The Collection Breaks Ground On Jaguar Land Rover Dealership Expansion In Coral Gables

Ugo Colombo and Ken Gorin are expanding THE COLLECTION with the addition of a new Jaguar Land Rover dealership at the intersection of U.S. 1 and Ponce de Leon Blvd. in Coral Gables. The luxury car dealership broke ground on the new building after locking down a $64.5 million construction loan financed by JPMorgan Chase Bank. Burke Construction Group is the general contractor on the project.

The new Jaguar Land Rover dealership will be located on a 1.68-acre site at 125-163 S. Dixie Highway and will span nearly 500,000 SF of total development with room for over 800 cars when complete. The dealership will feature a 60,935 SF showroom and a 40,728 SF service station along with a car wash.

Miami is one of the largest markets for luxury vehicles in the United States and THE COLLECTION is consistently one of the top ranked luxury dealerships in the country.