The Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Tops Off Over 70% Sold

Four Seasons Hotel and Private Residences Fort Lauderdale has officially topped off, with the tower reaching its full height of 22 stories. Developed by prominent Miami-based development firm Fort Partners, Four Seasons Fort Lauderdale offers a combination of five-star service, luxurious design and homes with unobstructed waterfront views. The project is currently more than 70% sold and is slated to open later this year.

“Four Seasons Fort Lauderdale is a significant development for Fort Partners and Fort Lauderdale as it redefines this city as an international luxury destination,” said Ramzi Achi, Principal of Fort Partners. “Watching the building achieve its full height has been incredibly exciting and we look forward to seeing its elegant and contemporary design come to life as we approach completion later this year.”

Construction on Four Seasons Fort Lauderdale is being handled by Coastal Construction, one of the Southeast’s preeminent construction companies, and overseen by premier national construction management company Lehrer Cumming.

“It is a privilege to once again work with Fort Partners and bring to life this transformative tower, which is setting a new benchmark for luxury living in Fort Lauderdale,” said Thomas P. Murphy, Jr., Chairman and CEO of Coastal Construction.

A team of lauded global visionaries is bringing the development to life, including London-based interior designer Tara Bernerd, hospitality designer Martin Brudnizki, Miami-based architect Kobi Karp and Miami based landscape architect Fernando Wong. In a first-of-its-kind collaboration, Fernando Wong is offering complimentary landscaping services for the development’s residences, making his esteemed talents readily available at a time when private outdoor space is the most important home feature for luxury buyers.

Four Seasons Fort Lauderdale will include 148 guest rooms and 83 residences ranging from one- to four-bedrooms, with each residence offering expansive living spaces, large private terraces and unparalleled views of the Atlantic Ocean and Intracoastal Waterway. Amenities and à-la-carte services managed by Four Seasons, include a state-of-the-art fitness center, two pools with luxury cabanas, beach butler service, signature Four Seasons spa, yachting services and special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean. Pets will have their very own pet concierge and on-call veterinarian.

Pricing for two-to four-bedroom private residences starts at $3,595,000 and occupancy will begin later this year. Douglas Elliman Development Marketing exclusively overseeing sales and marketing for the project.

Photos by Lifestyle Production Group

For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

Aman Miami Wins Approval For Versailles Hotel Restoration In Miami Beach’s Faena District

The Miami Beach Historical Preservation Board approved the Aman Miami development by OKO Group’s plan for the restoration of the historic Versailles Hotel. This a big step forward for the art deco building in Miami Beach’s Faena District. Aman Miami will consists of 56 hotel rooms within the restored Versailles Hotel along with 23 boutique residences located in a new tower next door. The residences in the new tower will be designed by Kengo Kuma with the HP board vote of the proposed residential tower design coming up in February. Once the design is approved OKO Group can proceed with permits and construction.

The vote to approve OKO Group’s plan for restoration of the Versailles Hotel was supported by community members including Craig Robins of Dacra, Wendy Kallergis of the Greater Miami and Beaches Hotel Association, Tom Stern the Faena House Board President, and more. OKO Group also released a statement reacting to the vote:

“We appreciate that the Miami Beach Historic Preservation Board took time to understand how our vision for Aman Miami will benefit the Faena District and preserve the iconic Versailles Hotel while contributing to the local economy and elevating Miami Beach’s status as a global destination. The board’s favorable vote is consistent with the widespread support that Aman Miami has earned in the neighborhood and the Miami Beach community.

The development of Aman Miami will infuse the City with hundreds of millions of dollars in private investment, resulting in more than 400 new jobs for the community and millions of dollars in new property and resort tax revenues each year. Aman has a proud history of delivering high-end, low-impact properties which are respectful of their physical surroundings and the history and culture of their communities – including 13 resorts bordering UNESCO World Heritage Sites.

We will continue this tradition in Miami Beach as we restore the Versailles Hotel to greatness. We thank the members of the Historic Preservation Board for supporting what will surely become the most preeminent hotel and residential development in Miami Beach.”

Related Group Files Plans For Redesigned One Island Park By Arquitectonica On Miami Beach's Terminal Island

Related Group has filed redesigned plans to build One Island Park, a proposed Class A office complex on Terminal Island in Miami Beach. The proposal will be reviewing by Miami Beach’s Design Review Board in early February. One Island Park will feature 123,087 square feet of Class A office space spread over two five-story buildings designed by Arquitectonica. The project will also feature a 120-seat restaurant and 283 parking spaces. The development will preserve the existing superyacht marina with 7 existing boat slips.

In 2017 Related Group sought a zoning change in an effort to develop a project with 90 condominiums on the site. Related Group first acquired the 3.71 acre site, located at 120 MacArthur Causeway, in 2013 for $9.94 million.

Miami Millionaire's Row $38 Million Penthouse At 57 Ocean Makes Virtual Debut

Multiplan Real Estate Asset Management, the developer behind 57 Ocean on Miami Beach’s Millionaire’s Row, has debuted the building’s new spectacular penthouse in a $180,000 state-of-the-art video that combines reality with the virtual world. DBOX produced the 90-second video that highlights 57 Ocean’s $38 million penthouse. The video features 360-degree ocean views, 7,100 sq.ft of private outdoor terraces and spacious living areas designed by Sofia Joelsson Design. This video allows potential buyers to virtually walk the five-bedroom and six-bathroom condo in our new COVID-reality world.

“We are all living in a virtual world right now. The pandemic has had a profound effect on buyers’ psyche, impacting their ability or willingness to travel. Just as grocery markets are facing a new reality with Instacart, and art fairs and boat shows are going online, so too is real estate having its transformational moment,” said Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management. “We believe we have created virtual lust for living at the apex of 57 Ocean, and that only a video can truly personify how the ultimate in luxury living has no limits.”

The video shows the penthouse’s indoor-outdoor living with expansive terraces, large glass windows and  private plunge pools. The open living room includes a gourmet chef’s kitchen and wine cellar facing the ocean. The master suite includes his and her closets, floating tub with ocean view and a special spa area including smaller plunge pools, massage area and outdoor sauna. The penthouse also features a clubroom with pool table, a home theater, private gym and putting turf.

“This $38 million penthouse is truly the jewel in the crown of Millionaire’s Row,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “There is nothing like it on the market in the area, and we are thrilled to be innovatively showcasing it virtually to the world for the first time. The home’s connection to the ocean is unparalleled -- as is its private, resort-like feel in the epicenter of this tranquil, family-friendly neighborhood.”

57 Ocean is located at 5775 Collins Avenue on Miami Beach and is expected to be complete in 2021. The luxury condominium features two-to-four-bedroom residences starting at $1.5 million.

Renderings and video via DBOX.

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Quadrum Global Breaks Ground On The NBWW-Designed Arlo Wynwood Hotel

Arlo Wynwood has become the first hotel in Wynwood to break ground. The project is expected to cost $29.6 million and construction will be overseen by Plaza Construction. When complete the hotel will feature 217 pod-style hotel rooms and rise 9-stories with 141,758 square feet of total development. Arlo Wynwood is designed by Nichols Brosch Wurst Wolfe & Associates Architects (NBWW) and is located at 2217 & 2233 Northwest Miami Court. The boutique hotel, which is being developed by Quadrum Global, will offer “pod” style micro-rooms along with featuring a fitness center, yoga deck, valet parking, restaurants, bars and an urban event venue. The interior of the building will feature a landscaped courtyard as well as an outdoor gallery for large art displays and an amphitheater. The building will feature finishes including exposed concrete and structural metal beams along with wood and glass with tropical landscaping. Quadrum Global initially purchased the 30,000 SF lot for $8.55 million in November 2018.

Construction On Brightline Rail Connecting Miami To Orlando Passes Halfway Point

Construction on Brightline’s new rail line connecting Miami to Orlando has passed the halfway point. Construction broke ground in April 2019 and is both on schedule and within budget to date. Brightline anticipates that they will be launching service from Miami to Orlando in Q4 2022. Construction on the line between West Palm Beach and Cocoa is 38% complete and construction between Cocoa and Orlando International Airport is over 57% complete.

Brightline expects to resume service between Miami and West Palm Beach in Q3 2021 along with the addition of an Aventura station. In Q1 2022 Brightline will add additional stations in PortMiami and Boca Raton with the extension to Orlando expected to commence service Q4 2022. Brightline plans to open the Station at Disney Springs in Q4 2023.

Magellan Development Group Sells The LEED Certified Midtown Five Multifamily For $154.35 Million

The Chicago-based Magellan Development Group has sold the Midtown Five multifamily asset that they developed in Midtown Miami for $154.35 million, roughly $358,875 per unit. The buyer was an entity tied to the New York-based Sterling Equities, led by the Wilpon and Katz families. The LEED-certified Midtown Five broke ground in 2015 and was completed in 2017. The multifamily building features 400 apartment units on a 1.6-acre site. Units range from studio to three-bedroom floor plans and 540 to 1,500 square feet with pricing starting from $1,953 per month for a studio. In total Midtown Five features 701,056 of total development spread over 24-stories. Amenities include a pool, spa, fitness center, yoga lawn, meditation garden, dog run, business center, and game room. Magellan Development Group acquired the site in 2014 for $14 million.

Zach Vella Buys Waterfront Development Lots On Venetian Islands For Record $15 Million

Celebrity developer Zach Vella has acquired two adjacent waterfront development lots on Miami’s Venetian Islands for his private residence in Miami. Vella paid $15.2 million for 228 and 302 West Dilido Drive, a dirt value of $688 per square foot, which surpasses the Venetian Islands’ record land sale which was previously $6.5 million for 412 West Dilido Drive set in 2016. Jim Agard of Vendôme Capital represented the seller and Natalia Gryczynska of Brown Harris Stevens represented the buyer.

The seller was Lionel Masson, the founder of Pharmacies Lafayette in France, who had planned two spec homes on the site. Masson initially acquired the properties in 2018 for $11.5 million and demolished two homes on the site. Vella is the founder and CEO of the Los Angeles and New York City-based real estate development firm Vella Group, and is also a managing board member of Miami’s Magic City Innovation District.

Kushner Companies Gearing Up To Break Ground On First Miami Projects

Kushner Companies is gearing up to break ground on their first two Miami projects located in Wynwood and Edgewater. The Wynwood project, known as Wynwood 27, will break ground first in Q1 2021 at 127 NW 27th St. and 129 NW 26th St. Wynwood 27 will feature 152-units, 50,000 SF of office space and 34,000 SF of retail space. The project will be followed by Wynwood 28 which will feature 40 residential units, 44,637 SF of office space and 15,800 SF of retail space. Kushner Companies acquired the sites for $32 million in July 2019 in partnership with Block Capital. In March 2020 Kushner Companies obtained $17.55 million in financing for the properties provided by CIT Bank.

The Wynwood project will be followed by the first tower at 1900 Biscayne, a 36-story multifamily building which will feature 393 apartment units. Kushner Companies plans to build 1,100 units over three towers in three phases on the site which includes the adjacent 2000 Biscayne with an estimated total development cost of $550 million. Kushner Companies acquired the site, which is located in an opportunity zone, in March 2019 from Enrique Manhard. It was previously owned by Verzasca Group who had planned a 36-story condo for the site, later changing to a rental concept before selling to Manhard for $13.1 million in 2018.

Miami Worldcenter Gears Up To Break Ground On Two-Story Mixed-Use Building

Miami Worldcenter Associates are gearing up to break ground on a two story mixed-use building around a pedestrian promenade in Miami Worldcenter after city records show that the developers filed for a construction permit on December 1st. Miami Worldcenter plans to have one level of retail on the ground floor and one level of office space on the second floor, totaling 41,164 sq.ft. between the two stories. Construction costs of the new building are estimated to be $8.5 million. Other new construction includes the 7th Street Promenade which is now complete. The 7th Street Promenade is an open-air shopping walkway inspired by European-style and themes of Santa Monica and Lincoln Road. The new building will line the 7th Street Promenade with a large public plaza nearby for outdoor event space.

The Miami Worldcenter master plan, delivering in phases, features an array of residential, commercial and hospitality uses. These include approximately 300,000 square feet of retail, restaurant and entertainment space; the 60-story Paramount Miami Worldcenter condominium tower; Caoba, a 444-unit apartment tower that opened in 2019; a 348-room CitizenM hotel which is now under construction; and Bezel, a 434-unit rental tower by ZOM Living which is also underway. In addition, Hines is preparing to build a new tower that will comprise up to 500,000 square feet of Class A office space and MDM Group is planning a 1,700-room Marriott Marquis hotel and adjacent 600,000 square foot expo center.

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