Aston Martin Residences In Miami Unveils First Aston Martin DBX In The Americas For Buyers The Tower's Signature Residences

Yesterday Aston Martin Residences in Miami unveiled the first Aston Martin DBX in the Americas. Buyers of the Signature residences will receive the new DBX, Aston Martin’s first SUV model part of the Aston Martin Art of Living. Alejandro Aljanati, CMO of G&G Business Developments, and Nicolette Brent, UK Consul General for Florida unveiled the DBX at the Aston Martin Residences sales center. Owners of the Signature residences, condos line 01, will have be able to choose from a DBX Riverwalk Edition or DB11 Riverwalk Edition to complement their new home. Aston Martin Residences is a 66-floor luxury development created by G&G Business Developments with construction of the sail-shaped tower scheduled for completion in 2022.

“We’re delighted that the first customer DBX built for The Americas is here in Miami. This brand-new Aston Martin joins our DB11 and Rapide S sports cars, enabling purchasers of the Signature condos to test drive the DBX and the DB11 directly from our Sales Centre before deciding which Aston Martin is right for them,” said Germán Coto, CEO of G&G Business Developments. “The fleet at the Aston Martin Residences forms part of our exclusive butler service, which enhances the ownership experience by offering personal support for our valued clients and VIP guests.”

DBX is Aston Marin’s first model to be “Made in Wales” from their assembly plan in Wales at St. Athan. DBX celebrates Aston Martin’s unmistakable style, design and language in a brand new SUV form. DBX features sophisticated 22” sport wheels, an Obsidian Black interior, Piano Black Wood Veneer and Satin Chrome detailing to make a bold statement. DBX resembles a new era of Aston Martin to deliver exceptional performance and live up to the world-famous manufacturer’s quality and unique aesthetic.

Melo Group To Break Ground On Arquitectonica-Designed Island Bay In Edgewater In May 2021

Melo Group is gearing up to break ground on Island Bay in Edgewater in May 2021. Work on the baywalk is already underway in compliance with Miami21 which will connect from Edgewater’s Paraiso District through the Miami River across from Brickell. Island Bay is designed by Arquitectonica and will feature twin towers rising 60 stories, 637’. The developer submitted the project to the FAA for approval in November 2020 after first revealing the project in the summer of 2019 and executing a utilities deal with Miami-Dade County in February 2020. When complete, Island Bay will feature 792 residential units and 12,600 square feet of retail. In August 2019 PROFILEmiami first reported that the residences are expected to be condominium units with a luxurious suite of amenities including multiple pools overlooking Biscayne Bay and a multi-sports court. The project is located between NE 24th Street and NE 23rd Terrace as well as NE 5th Avenue to the west. Construction is expected to be completed in the summer of 2023.

Check Out The Newly Revealed Renderings Of Norman Foster-Designed Drivers Club Miami

New renderings have been revealed of Drivers Club Miami, a Norman Foster-designed private driving club with resort on 160-acres in Carol City, a neighborhood of Miami Gardens. The project was approved in 2018 although groundbreaking has been delayed by zoning agreements, environmental testing, design meetings and construction-preventing covenants. The project is being developed by 13 Pista LLC, led by Carlos de Narvaez Steuer and is estimated to cost $100 million.

Drivers Club Miami will feature a race circuit with 2.3 mile track in addition to a luxury resort with hotel, retail and restaurants which will be open to the public. The Miami Drivers club track, clubhouse and vehicle storage and maintenance facilities will be private for members only.

Miami-Dade County signed a $33.4 million, 30 year lease for 140 acres of land below-market rate at 20000 NW 47th Ave. for the project. The lease began on August 1, 2018 and has two 30-year extension options. The county will also provide $2 million to the developer via subsidies in order to help the project create 220 jobs on the property. In exchange for waiving the competitive bidding process, the developer will build public improvements for Miami Gardens including a new public bicycle course and capital contributions to support a new on-site fire station and Florida Memorial University. The entire project is estimated to cost roughly $100 million.

Pablo Escobar’s Former Miami Estate Sells For Nearly $11 Million

Waterfront property once inhabited by Colombian drug lord Pablo Escobar has sold for $10.95 million located in Miami Beach on North Bay Road. U.S. authorities seized Escobar’s infamous pink house in 1987 and the seller, Chicken Kitchen founder Christian de Berdouare, bought it from a private owner in 2014 for $9.65 million. The property was listed by Mirce Curkoski and Albert Justo with ONE Sotheby’s Waterfront Team and the buyer was represented by Brett Harris with Douglas Elliman. Renderings have been released to build a beautiful modern home on the lot and plans have been submitted to the city awaiting approval. 5860 North Bay Road is 30,000 sq.ft. with 150 feet of water frontage and downtown views.

The estate made waves in 2016 when a locked safe was found in the debris following the demolition of Escobar’s home. Excavators found the 700 pound safe as they knocked down the home’s walls. At the time de Berdouare said that the safe will remain locked in a bank vault until he finished filming a documentary about Escobar’s link to the property.

West Aventura Developers Proposes Mixed-Use Development In Newly Rezoned Ojus Urban Area District

West Aventura Developers, led by Marina Kessler and Gustavo Lumer, have proposed there mixed-use buildings in the newly rezoned Ojus Urban Area District, just west of Aventura. The area which sits just north of Greynolds Park, was recently rezoned by Miami-Dade county to allow mixed-use development and more density. The 7.9 acre site is located at 2375 NE 186th St.

The proposal includes three buildings designed including an 8-story building with 378 apartment units, 31,375 square feet of retail and 585 parking spaces designed by Corwil Architects; a 12-story building with 114,385 square feet of leasable office space, 16,715 square feet of retail and 552 parking spaces designed by Arquitectonica; the final building would rise 8-stories offering 247 apartment units, 19,160 square feet of retail, 386 parking spaces and a rooftop pool, also designed by Corwil Architects.

MG Developer Partners With Berkshire Hathaway HomeServices In Coral Gables To Complete The Final Phase Of The Biltmore Square Community

MG Developer has recently partnered with Berkshire Hathaway HomeServices (BHHS) EWM Realty to lead sales and marketing for Althea Row and Biltmore Row. These are the last two projects that will complete the developer’s community, Biltmore Square, in Coral Gables. 

Althea Row and Biltmore Row include fifteen grand townhomes featuring 4-bedrooms and 4.5 bathrooms starting at $3.4 million. The residences are near the Coral Gables Business District and within walking distance of Miracle Mile, Riviera Club and The Biltmore Hotel. Five of the townhomes are in Althea Row and will be completed in 2021, the remaining ten will be in Biltmore row which will be completed in 2022.

“We are extremely proud to be working with BHHS EWM Realty,” says Alirio Torrealba, CEO of MG Developer. “As we enter a new era in real estate and a new era of the development of Biltmore Square, I have the deepest respect and admiration for Ron (Shuffield) and the team he built in the community. I look forward to growing the future of Coral Gables with him and his team of experts, who have been such an integral part of The City Beautiful.”

“MG Developer has done great things in Coral Gables and we highly regard Alirio’s confidence in our expertise as we finalize his unique neighborhood’s final phase,” said Ron Shuffield, President and CEO of BHHS EWM Realty. “Alirio and the MG team are an integral part of the Coral Gables community and we look forward to watching his vision for the city evolve.”

A finance team led by Jeffrey Donnelly and Dmitry Levkov has structured about $16 million in equity financing for the Althea Row and Biltmore Row projects. MG Developer, being based in Coral Gables, has taken on many projects in the area. The luxurious townhomes they are currently working on fit in perfectly with Coral Gables’ charm and feature design elements that blend into the city’s aesthetic. 

Miami Beach Issues Request For Letters Of Interest For Developers To Develop Lincoln Road City Owned Lots

The City of Miami Beach has issued a request for letters of interest from developers to develop three city-owned lots on the north side of Lincoln Road. Miami Beach is seeking a developer to build class A office buildings with on-site parking garages via a public-private partnership with the city with the goal of creating a business district to help diversify Miami Beach’s economy which is heavily reliant on tourism and hospitality. The properties are currently operated as parking lots located at 1664 Meridian Ave., another between Lenox Avenue and Michigan Avenue, and a lot at the southwest corner of 17th Street and Lenox Avenue. The development sites span a total of 3.35 acres can be combined to develop up to 383,439 square feet of office space. Voters would still have to approve any project on city owned land through a referendum. Developers must submit letters of intent by 3 PM on January 11.

Robert Finvarb's Arquitectonica-Designed Mixed-Use Development Approved In Miami Beach

Robert Finvarb has secured approval for a mixed-use development proposed for the North Beach Town Center from the Miami Beach Design Review Board. As part of the approval Finvarb will build a 20’ bioswale to catch and purify rain water. The multi-phase development, located at 71st St. and Abbott Ave., includes a 14-story building with ground floor commercial space, 232 upper level residential units, and amenity space at the 5th-floor podium and rooftop levels. The residential portion includes a mix of 139 co-living units with studio and 1-bedroom floor plans in addition to a selection of 1- and 2-bedroom private residences. Amenities will include a 5th floor amenity deck featuring indoor and outdoor fitness space, spa services, outdoor kitchen and lounge areas. There will also be a rooftop dog walk and soccer field.

Melo Group Tops Off Construction At Downtown 5th

Construction has officially topped off on Melo Group’s East Tower of Downtown 5th, the largest multifamily development built in Downtown Miami’s Central Business District. The project is composed of two towers, with the West Tower expected to top-off later this month. The construction has been underway with rapid speed in the middle of a pandemic as the foundation pour was only 9 months ago. The development has completed an average pace of one floor every three days. The project is estimated to be complete in Summer 2021. 

“We’re bullish on the long-term future of Downtown Miami. Despite a global pandemic, we never stopped building for locals who want to live and work in the urban core,” said developer Carlos Melo, Principal of the Melo Group. “Our strategy has always been to build for what the market demands – and we’re seeing a continued need from the community for good quality, attainably-priced apartments in a convenient, walkable location with access to public transit and nearby amenities.”

Downtown 5th will have two 52-story towers and feature 1,042 rental apartments with ground floor retail. Preleasing is scheduled to begin in Spring 2021. Apartments will range from studio to three-bedrooms. Units will have balconies with views of Downtown Miami. Building amenities will include three swimming pools, fitness center, social room, game room and café. 

“Downtown Miami has evolved into a global destination for business and lifestyle. We’re seeing people moving and opening up companies here from major cities across the U.S. and abroad in search of lower taxes, improved quality of life, and reduced expenses,” said developer Martin Melo, Principal of the Melo Group. “As more and more businesses look to relocate or expand to Downtown Miami, we’re building housing for the thousands of employees that will come with them and need a place to live.”

Downtown 5th is located at 55 NE 5th Street, in the heart of Downtown Miami’s Central Business District. The location is within a short walk of Museum Park, AmericanAirlines Arena, Bayside Marketplace and Miami-Dade College’s Downtown Miami campus. 

AvalonBay Communities Acquires South Miami Winn-Dixie Site For $18.95 Million

AvalonBay Communities, led by CEO Timothy Naughton, has acquired a South Miami Winn-Dixie site located at 5850 SW 73rd Street for $18.95 million. The seller was a joint venture between entities tied to the Bacardi family and Alta Development, led by Henry Pino, who had acquired the property in 2007 for $14.5 million.

The 1.9 acre site has approval to build a 9-story mixed-use project with 283 apartment units and a 36,395 square foot grocery store designed by Corwil Architects. The residential component would feature a pool dec and 8,000 square feet of amenity space, along with the development offer 400 parking spaces. The new building would replace a 20,664 square foot Winn-Dixie which was built in 1962. The site is located just a few block from the South Miami Metrorail Station.