Spec Home Developer Todd Michael Glaser Under Contract To Buy Jeffrey Epstein’s Former Palm Beach Mansion

Spec home developer Todd Michael Glaser is under contract to buy Jeffrey Epstein’s former Palm Beach waterfront mansion from his estate with plans to demolish the mansion and replace with a new home. Glaser’s undisclosed sum is rumored to be around $18 million, lower than the original listing in July for $21.995 million. The 6-bedroom waterfront mansion is a famous location for Epstein committing sex-trafficking crimes and luring underage girls. 

The Palm Beach mansion is located at 358 El Brillo Way and the listed exclusively with Kerry Warwick of the Corcoran Group. Glaser plans to knock down the existing home and build a 14,000 sq.ft. Art Moderne mansion. He expects the town of Palm Beach to be happy with his plans to demolish the existing home. 

Check Out The Bjarke Ingels-Designed Tower Terra Group Has Proposed For South of Fifth

Terra Group’s proposal to develop a 385’ Bjarke Ingels-designed tower at 300 Alton Road in Miami Beach’s South of Fifth neighborhood is headed to vote. The boutique tower would rise 30-stories and would feature 60 luxury residential units which would be sold as condos in addition to 45,000 square feet of commercial space. The project would have a total development size of 225,000 square feet and would be the first Bjarke Ingels-design in Miami Beach.

The project has been a hot-button topic over the past several months and the development team has been working with the community to present a design that would preserve view corridors and increase green space accessible by the public. The new proposal Led by David Martin, Terra Group is seeking to purchase air rights to the property from the City of Miami Beach for $55 million, in addition to the developer completing $22.5 million of public improvements including a one-acre public park and upgraded baywalk and $15 million for site residency and flood mitigation. The developer will also sign a long term lease for the city-owned Miami Beach Marina which will also see $35 million of improvements over 30 years and Suntex will be appointed as the new marina operator.

Macken Companies Announces Development Of Koya Bay Luxury Townhome In North Miami Beach

Macken Companies has announced plans to develop Koya Bay luxury townhome in North Miami Beach and scheduled to break ground Q2 2021. The development plans include 10 four-story luxury residences in the waterfront community of Eastern Shores. Each residence will feature a private elevator, rooftop terrace, dock, and two-car garage with optional car lift. 

“I have had my eyes on this site for a long time and we are excited to finally deliver a project designed to capture the opportunity this beautiful property presents,” stated Alan Macken, CEO Macken Companies. “Koya Bay is a boater’s delight with no fixed bridges and minutes away from the Haulover cut and sandbar. Once again, we have partnered with our award-winning team of design professionals, and the result is an exceptional boutique community of waterfront townhomes that we believe provides our buyers with a distinct opportunity.”  

Koya Bay will feature three, four and five bedroom floorplans ranging between 2,900-3,600 sq.ft with pricing starting at $1.9 million. Randall Stofft Architects and Witkin Hults Design Group have designed these waterfront townhomes in a modern but earthy style. Residents will enjoy the safely of the gated community with around the clock security along with amenities including beach and boat club memberships. 

Koya Bay is located in the neighborhood of Eastern Shores at 4098 NE 167 St. in North Miami Beach. It is located within a few minutes’ drive to the beach, Aventura Mall and Bal Harbour Shops. Macken Realty is the exclusive sales agent for Koya Bay.

Aston Martin Residences Reveals New Rendering of 53rd Floor Pool

Aston Martin Residences has released a new rendering of the indoor pool at the spa planned for the 53rd floor of the luxury tower in downtown Miami. The full-service spa will also include treatment suites, steam room and sauna, meditation room, beauty salon and barber station. The tower is expected to be complete in 2022.

Located at 300 Biscayne Boulevard Way, construction at Aston Martin Residences has reached the 31st floor and over 60% of homes are sold to-date. Aston Martin Residences will be unveiling the first customer Aston Martin DBX to arrive in The Americas at the sales center, to be announced for November. DBX is the the very first Aston Martin SUV founded on principles of adventure, beauty, luxury and dynamics.

327 Royal Palm Residences In Boca Raton Are Officially Sold Out

327 Royal Palm residences, in Boca Raton, are officially sold out achieving sales volume of over $50 million. Sales were exclusively led by One Sotheby’s International Realty, with 85% of buyers being local and the rest mostly from the Northeast. The boutique luxury condominium is ten-stories tall and developed by Group P6. It is just steps away from Mizner Park and the 5-star Boca Raton Resort and features a rooftop pool overlooking the Atlantic Ocean. 327 Royal Palm is only half a mile from sandy beaches and close to popular restaurants along Royal Palm Boulevard. The residences feature 3-bedroom plus den and 3.5-bathroom floor plan options. All residences are designed with a luxurious contemporary feel with panoramic impact glass windows, open living areas and terraces.

City of North Miami Beach Calls For Revote After Granting Dezer Development Approval To Redevelop The Intracoastal Mall

Just one week after Dezer Development won approval from the North Miami Beach City Commission to redevelop the Intracoastal Mall into a mixed-use project named Uptown Harbour, the Commission has called for a revote without a scheduled date. The issue is tied to two ordinances, including zoning amendments and a 30-year development agreement, as well as two commissioners being absent from the initial vote which was decided with three yes and two no votes. The project is also still pending approval from the Florida Department of Transportation. The Intracoastal Mall is located at 3501 Sunny Isles Blvd. on a 29.1-acre site. The traditional retail center currently features 234,026 square feet of retail and 33,260 square feet of office.

Uptown Harbour would feature condos, retail, offices and hotels complete with a waterfront promenade with restaurants and retailers. When complete, the mixed-use development would bring over 2,000 residential units, which would be split between 1,750 for-sale condos spread across five towers, 200 rental apartments and 50 townhomes. Uptown Harbor would also feature 250 hotel rooms, 375,000 square feet of retail, and 200,000 square feet of office to the area. Dezer Development would also fund public improvements including building a police department, fire station, community center, a 6-acre park and infrastructure as part of the proposal. Towers would have a maximum height of 40-stories. Uptown Harbor is designed by Zyscovich Architects.

Todd Michael Glaser Reveals Sunset Island Spec Home Asking $9.9 Million

Developer and luxury homebuilder Todd Michael Glaser has plans to sell 1500 West 21st Street on Sunset Island IV for $9.9 million once complete in about three months. Andrew Mirmelli originally hired Glaser to build him a Miami Beach home. Mirmelli ended up selling the partially developed waterfront house to Glaser for $5.9 million.

The spec home will be 4,700 sq.ft. with six bedrooms, seven and a half bathrooms, infinity pool and dock. There will also be a rooftop terrace once complete. This project is one of many as Glaser has recently sold a waterfront spec home on Allison Island for $15.2 million and a on Sunset Island for $14.4 million. 1500 West 21st Street will be listed with Douglas Elliman. 

Ten30 South Beach Debuts Sales Gallery In South Beach

Ten30 South Beach unveiled their sales gallery with a socially distanced open house. The event was hosted by Fortune Development Sales and welcomed about 75 brokers over two days. Guests were the first to see the project’s residences and refined finishes. Ten30 South Beach is developed by the Shoma Group and designed by Shoma Interior Design.

“We’re very pleased to welcome brokers and prospective buyers to experience Ten30 South Beach with our new sales gallery,” said Masoud Shojaee, President and CEO of Shoma Group. “Ten30 South Beach was designed with technology at the forefront, and as we near completion we’re excited to showcase this attractive proposition to the South Beach market firsthand.” 

The design of the building includes many high-tech finishes such as an Ecobee thermostat system, Bluetooth enabled keyless entry, and a smart refrigerator by Samsung. Residences are decorated mid-century modern and moderately priced starting at $498,900.

“The new sales gallery offers an up-close opportunity for buyers to see – and even feel – what it’s like to live in one of Ten30’s residences,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The contemporary design and interactive features are overall reflections of the unparalleled lifestyle that will be offered as we introduce this unique development to Miami Beach.”

The sales gallery also debuted a full model kitchen featuring premium appliances. Once complete building amenities will include a 6,000 sq.ft. rooftop deck with an outdoor lounge and kitchen. The sales gallery of Ten30 South Beach is located at 1116 15th Street in Miami Beach and estimated to be complete in the beginning of 2021.

Jon Paul Pérez Is Named President Of The Related Group As The Next Generation Of The Pérez Family Takes the Helm

Jorge M. Pérez and the Related Group have announced the appointment of Jon Paul Pérez as president of the organization, following more than a year of planning alongside Related’s distinguished leadership team. Following the transition, Jon Paul stands poised to continue Related’s legendary track-record of transforming neighborhoods across all sectors, and ultimately expand the firm’s more than four decades of success.

“Jon Paul has shown time and again he has the passion and vision to carry forward what I started more than 40 years ago,” said the Pérez family patriarch Jorge Pérez, who will continue as Chairman & CEO. “He brings the same tireless energy that defined my early years, but more importantly, injects a new way of thinking that will expand the business far beyond anything I could’ve imagined. There’s no one better suited to take Related into the future.”  

Formerly Related’s executive vice president, Jon Paul has already established himself as a market maker, leaving his stamp on the nation’s most competitive markets and navigating several once-in-a-generation industry shifts.

“This position comes with a great sense of pride and responsibility, not only to my father, family and our exceptional team of associates, but also to the communities we serve,” said Jon Paul. “Each of Related’s developments, from affordable to luxury, are known for catalyzing growth and opportunity and I look forward to continuing this commitment, while expanding the boundaries of what a private developer can accomplish.”

Since joining Related Group in 2012, following a five-year tenure at NY-based Related Companies, Jon Paul has played a growing leadership role, personally spearheading the expansion into Miami’s popular Wynwood neighborhood, where the team is working to deliver several major mixed-use projects and transform the area into a true live-work-play neighborhood. He also led the development of Residences by Armani/Casa, an award-winning luxury condominium developed in partnership with fashion icon Giorgio Armani and Dezer Development.

“I speak for the entire executive committee when I say Jon Paul is well prepared to start this next chapter,” said Adolfo Henriques, Related Vice Chairman, and trusted advisor to the Pérez family. “Much like his father, he’s grown to become a driving force, with relentless determination to achieve his goals. But I’m most heartened to see him developing his own unique style, seamlessly channeling the firm’s historic strengths into innovative directions. We stand proudly behind our new leader.” 

Jon Paul is currently working with leaders across the affordable, market-rate, international and luxury divisions to kick-off the next generation of Related properties.  Among these are Solemar, set to bring a new level of design and luxury for Pompano Beach; Ritz Carlton Tampa, a marquee project for the city’s prime waterfront; Boulevard at West River, a multi-towered project within the 120-acre West River redevelopment also in Tampa; SLS Tulum, a condo-hotel hybrid and the next phase of Related’s international expansion; and in Related’s continued commitment to Miami, the first of three towers at 444 Brickell Avenue; and some of the largest affordable housing developments in the country in the Brickell Avenue neighborhood, Miami River and Liberty City.

He is also working to accelerate the organization’s innovation efforts, which include strategic investments in disruptive technologies, forging industry partnerships and recruiting promising talent. Recent milestones include signing on as an early adopter for The International WELL Building Institute’s WELL Health-Safety rating; partnering with Livly to build a completely digital rental experience; and rolling out a Related Living smartphone app across the firm’s condo and rental portfolio.

Outside of Related, Jon Paul is continuing the Pérez family tradition of civic leadership, serving on the Wynwood BID and playing a key role in the organization's Marketing and Economic Development Committee. As part of his position, Jon Paul works with other BID members to ensure future developments respect Wynwood’s established persona and contribute to the neighborhood’s ongoing evolution. Additionally, Jon Paul serves as an Advisory Board Member of Urban Land Institute’s Southeast Florida/Caribbean chapter and is an active Board Member of Big Brothers Big Sisters and the United Way Young Leaders. He is currently a member of YPO and, together with his siblings, plays an active role in the Perez Family’s philanthropic endeavors. 

Imagery via Eduardo Schneider

Ades Family Foundation Acquires Miami Shores Site To Build A Private, Non-Profit Jewish Day School

The Ades Family Foundation has acquired a 3.9 acre assemblage in an opportunity zone near Miami Shores for $5.3 million. The foundation plans to build a 60,000 square foot private, non-profit, Jewish day school which is anticipated to open in 2023. The transaction was overseen by Jamie Rose Maniscalco with Apex Capital Realty, who represented both the buyer and the sellers, the Peroni Family Trust and Sunshine Realty Enterprise. The assemblage is located at 855, 975 and 995 Northwest 95th Street as well as a second assemblage located at 900, 910 and 920 Northwest 96th Street. The Ades Family Foundation is a philanthropic foundation led by Daniel Andes, managing partner and CIO of the Aventura-based Kawa Capital Management.