LA CLARA Locks Down $110 Million In Construction Financing In West Palm Beach

Great Gulf and Terrace Mountain Investors have obtained $110 million in construction financing from Bank OZK for LA CLARA, a 25-story, 83 unit condo tower under construction in West Palm Beach. Sales have reportedly eclipsed 50% and over $100 million including an $8.9 million penthouse. LA CLARA is located on a 2.4-acre site at 1515 S Flagler Drive on the Intracoastal waterway which the development partnership acquired for $24 million in 2016. John Moriarty & Associates are the general contractor on the project.

LA CLARA offers 83 residences comprised of one-, two- and three-bedroom units ranging from 1,500 SF to more than 4,000 SF. Pricing starts at $2 million with sales and marketing being exclusively overseen by Douglas Elliman Development Marketing. The building is designed by Hariri Pontarini Architects with Stantec as the architect of record.

The structure’s façade will feature a contemporary Florida Modernist style with a muted neutral palette consisting of stucco, Roman travertine, coral stone and granite with bronze accents. The luxury condominium is designed to achieve LEED Certification by the U.S. Green Building Council. Amenities will include a state-of-the-art fitness center with yoga studio, spa, outdoor garden, dog spa, club lounge, theater, conference room, business center, wine tasting room with storage and a resort style pool.

Sales are being led by Chris Leavitt, Alison Newton and Joey Columbo of Douglas Elliman Development Marketing. The deposit schedule is 10% down at contract, an additional 10% six months later and an additional 5% the following year. The building is expected to be delivered in 2021.

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

Monaco Yacht Club & Residences Drops Anchor To Celebrate Topping Off On Miami Beach

Monaco Yacht Club & Residences has topped off at 12-stories on Miami Beach after breaking ground February 2020. The milestone was celebrated by developer Optimum Asset Management USA, the exclusive sales broker Fortune Development Sales, and the general contractor Moss Construction. The project is slated for delivery at the end of 2021.

Monaco Yacht Club & Residences is located at 6800 Indian Creek Drive on Miami Beach and is an exclusive enclave of thirty-nine luxurious waterfront residences and a private marina in collaboration with two of the most recognized names in design, Piero Lissoni and Arquitectonica.

“Seeing Monaco Yacht Club & Residences come to life and now in its final dimensions is an especially proud moment,” said Matthew Barry, Managing Director of Optimum Asset Management USA. “The global response to the tower has been nothing short of compelling and a testament to its international appeal.  Now more so than ever before, buyers are recognizing the importance of having the intimacy of a full-service boutique building combined with the exclusivity of being located on one of the last remaining waterfront properties in the area.” 

Residences will be delivered fully-finished, each of the modern unit interiors were meticulously curated with precise attention to detail, inclusive of the refined Italian-made fixtures and finishes, with Arrigoni wide plank wood flooring from Austria.  The design palette of warm whites and rich woods for the lobby and the premier “Resident’s Lounge,” featuring a library and breakfast bar for leisurely waterfront dining designed to evoke a timeless, classic mood reminiscent of a luxurious Côte d’Azur summer resort.

“Luxury buyers from across the globe have been specifically seeking this project out for its boutique, full-service offering, unparalleled Bayfront location, and the rare opportunity to dock one’s boat in their very own backyard,” said Edgardo Defortuna, President and CEO of Fortune International Group, the project’s exclusive broker. “Combining the spectacular style and extraordinary talents of Piero Lissoni and Bernardo Fort-Brescia with an array of first-class services and amenities, Monaco Yacht Club & Residences celebrate the very best Miami Beach has to offer.”

Monaco Yacht Club & Residences will include one to four bedroom residences, ranging in size from 918 to nearly 5,000 square feet. A limited collection of two penthouses will offer expansive living areas, including private terraces with summer kitchens, starting at 2,888 square feet. Residences are primed for indoor/outdoor living and entertaining, the meticulously designed homes will feature expansive wraparound terraces, each with finished floors and ceilings with sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline.

Resort-style amenities include a breathtaking rooftop terrace with panoramic views of the Miami skyline featuring a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining; as well as a state-of-the-art fitness center overlooking Biscayne Bay. Monaco Yacht Club & Residences also features a 12 slip marina available exclusively to residents, as well as a yachting concierge for maintenance needs, yacht charters or sailing, and fishing excursions for the day to the Bahamas, the Florida Keys or to enjoy the Atlantic Ocean.

Residences are priced from $1.1 million with exclusive sales and marketing overseen by Fortune Development Sales.

For more information about Monaco Yacht Club & Residences, private showings or purchasing/ leasing information please fill out the form below:

160 Marina Bay Launches Sales On Fort Lauderdale's Intracoastal Waterway

Gold Krown Investments, LLC has launched 160 Marina Bay, an exclusive five-story condo development on Fort Lauderdale Intracoastal Waterway. 160 Marina Bay is located at 160 Isle of Venice Drive and will offer 16 luxury condominiums with east facing waterfront views. For yachting enthusiasts the development offers for-purchase boat slips allowing residents direct access to the Atlantic Ocean. 160 Marina Bay is designed by FSMY Architects + Planners and RS3 Designs.

“This new venture, 160 Marina Bay, is a perfect destination for an ocean-centric, technology-driven buyer,” said Ronald Krongold, a managing member of Gold Krown Investments, LLC. “The residences are designed in an exclusive setting, with benefits of direct access to the intracoastal and an emphasis on smart-home technology. We have assembled an incredible team to bring this project to life. Demolition of the current site has commenced and we should deliver units in the 1st quarter of 2022.”

Residences at 160 Marina Bay will be delivered move-in ready and are designed with privacy and connectivity in mind. The project will feature four residences per floor with two spacious three bedroom, three bathroom and one half bathroom floor plan options ranging in size from 2,875 square feet to 2,918 square feet of interior living space plus expansive waterfront east-facing terraces with glass railings for entertaining which bring the units to over 3,000 square feet.

Unit features include 10 foot ceilings throughout, energy-efficient and impact-resistant floor-to-ceiling sliding glass doors and windows, direct water views from the living room and master bedroom, and a spacious laundry room with a sink, side-by-side large capacity washer and dryer, and space for additional storage. Chef-inspired kitchens will include Italian cabinetry and high-end appliances by Sub-Zero, Wolf and Miele. Each residence comes with its own private elevator vestibule entry into a foyer, a private storage closet, and two garage parking spaces. All residences are also fit with top-of-the-line smart technology for controlling entry locks, lighting, thermostats and showers, remotely or by voice activation. An in-wall smart home system will unite all smart home devices in one simple-to-use control system with multiple control panels located throughout each unit. Each residence will also be equipped with a digital medical examination kit for facilitating remote examinations with a healthcare professional.

“160 Marina Bay is a very unique project,” said Edgardo DeFortuna, President and CEO of Fortune Development Group. “The privacy of the exclusive building, its state-of-the-art smart home technology, and its location in proximity to Fort Lauderdale beaches, Las Olas and Downtown Fort Lauderdale sets this development apart. With the current surge of new residents in Broward County and the demand for new boutique residences, we believe 160 Marina Bay will be extremely successful and a great addition to Las Olas Isles in Fort Lauderdale.”

Amenities at 160 Marina Bay include a waterfront pool deck overlooking the canal with lounge chairs, cabana and BBQ area for entertaining, private WiFi accessible throughout the property, and electric vehicle charging stations available for purchase. Residents will receive digital notifications of package deliveries to a private, self-service package locker system with refrigeration capability located in the lobby.

Residents will also have the option to purchase one of fourteen private boat slips with deep water access are available for purchase and include electrical and water connections.

Prices start at $2 million with penthouses starting at $2.45 million with sales led by Fortune Development Sales. 160 Marina Bay is expected to be completed in early 2022.

For more information about 160 Marina Bay, private showings or purchasing/ leasing information please fill out the form below:

The Piero Lissoni Villa Collection At The Ritz-Carlton Residences Breaks Ground And Launches Sales

The Piero Lissoni Villa Collection at The Ritz-Carlton Residences in Miami Beach has just broken ground and launched sales. Lionheart Capital affiliate 4701 North Meridian LLC sold the villas development site to GFI Development Co. and the world-famous Italian architect Piero Lissoni will design the homes. The Residences will be ultra-luxurious single-family waterfront homes with dockage. The homes are part of The Ritz-Carlton Residences located in Mid-Beach where  the lake, ocean and waterway meet and just minutes from Downtown and South Beach.

“We are delighted to launch this superlative collection of Villas in this new year filled with optimism,” said Jay Phillip Parker, CEO of Douglas Elliman’s Florida Brokerage. “Miami is benefitting from a tremendous wave of buyers looking to reestablish here and The Piero Lissoni Villas offer a unique product that blends the amenities, service and lifestyle of a condominium with the privacy and control of a single-family home. This is all coupled with the exceptional Ritz-Carlton tradition of unrivaled service and quality for owners in an extraordinarily quiet neighborhood.”

The villas will be free-standing and two-stories tall for optimal privacy and space with interiors and exteriors fully designed by Piero Lissoni. Villas will range in size from three-bedrooms to five-bedrooms and feature a two-car garage, fenced yard, private infinity-edge pool and a landscaped waterfront.

“In collaboration with award-winning Miami architecture firm Choeff Levy Fishman Architecture and Design, Lissoni has envisioned each residence as its own concept, and has thought through every space, whether indoors or outdoors, to perfection—opening up the landscape with dramatically framed views that lead the eye to landscaped gardens and beyond. Lissoni has connected The Villa Collection at The Ritz-Carlton Residences, Miami Beach  inside and out so seamlessly, you will hardly know where your home ends and the gardens begin,” said Andy Ashwal of GFI Development Company. “The world-class design, personal services, location, and amenities of these 15 villas add up to one extraordinary way of life for an exceptional few.”

The Villas will include resort-style amenities including an art studio, 36 private boat slips, an on-site captained Frauscher day yacht, a half-acre rooftop pool deck with private cabanas, a poolside resident-only restaurant, a food forest community garden, a club room, waterfront social room and more. There will be a concierge service to help book beach access, the cinema-style screening room, fitness center, yoga room and meditation garden. The amenities are compliment of The Ritz-Carlton lifestyle of bespoke experiences with a high level of service known in the industry.

The Villa Collection at the Ritz-Carlton Residences are located at 4701 Meridian Avenue in Miami Beach. Pricing ranges starting from $4.375M. Exclusive marketing is by Douglas Elliman Development Marketing

For more information about The Piero Lissoni Villa Collection At The Ritz-Carlton Residences, private showings or purchasing/ leasing information please fill out the form below:

E11EVEN Partners And PMG Reveal The 65-Story E11EVEN Hotel & Residences in Downtown Miami

E11EVEN Partners and Property Markets Group (PMG) have launched E11EVEN Hotel & Residences in Downtown Miami’s Park West neighborhood. The project will rise 65-stories and is located at 29 NE 11th Street. E11even Partners is led by Michael Simkins, Marc Roberts, and Dennis DeGori, who own the neighboring E11EVEN Nightclub. PMG is led by Managing Partners Ryan Shear and Kevin Maloney. The project is expected to break ground in late summer 2021.

E11EVEN Hotel & Residences is designed by Sieger Suarez with interiors by AvroKo. The project will feature 375 fully furnished condo-hotel units which range in size from studio to two-bedroom floor plans; in addition, there will also be a Penthouse Collection complete with two Presidential Suites which will each feature a private indoor pool. Units will come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control; an LED (or water-based) fireplace in the living room; built-inwasher and dryer; and a signature Home Essentials Package, which will include silverware, glassware, linens, sheets, and towels.

Buyers will be able to either choose to live in their unit or put the unit into a hotel program. Sales are being overseen in-house with pricing starting at $385,000.

E11EVEN Hotel & Residences also features a full-suite of turbocharged amenities including a members-only rooftop pool, bar and restaurant dubbed Level 65; a Deepak Chopra-designed spa with meditation room and yoga studio; gourmet food hall; state-of-the-art fitness center; an 8,000 square foot sports lounge; living room lounge with music studio, and an 11th floor 20,000 square foot multi-level E11EVEN Day Club and Pool which will feature cabanas, plunge pools and a 2,000 square foot resort-style pool. Guests will also have access to transportation to and from the E11EVEN Beach Club which will be located on the beach in South Beach’s South of Fifth neighborhood.

For more information about E11EVEN Hotel & Residences, private showings or purchasing/ leasing information please fill out the form below:

ARTE Closes New Deals Selling Over $59 Million Last Month

ARTE, a 16-residence luxury condominium developed by Alex Sapir and Giovanni Fasciano, has closed on over $26 million in sales in just a few short weeks. Arte has broken the Surfside sale records with its $33 million penthouse deal and has sold over $59 million in the last month.

On the heels of its $33 million penthouse sale ARTE announced the sale of two more homes, Residence 202 and Residence 501. Both residences feature indoor-outdoor living with private outdoor space that is currently in high demand. Residence 202 is a furnished, six-bedroom duplex villa that sold for the full asking price of $16 million. The in-house Sales Executive for ARTE, Dean Bloch from Douglas Elliman, represented the seller. The buyer was represented by Chad Carroll of Compass. Residence 501 is a four-bedroom condo that sold for $10.2M, which was $250,000 over the asking price. Tara West of Douglas Elliman and also the exclusive marketing and sales agent of ARTE represented the developer in the sale. The buyer was represented by Eklund Gomes Miami.

For more information about ARTE by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Mana Common Partners With Plug And Play To Bring Global Tech Accelerator To Downtown Miami

MANA Common, led by CEO and visionary entrepreneur Moishe Mana, has announced that it will partner with the global innovation platform, Plug and Play, to establish a presence within Downtown Miami’s Flagler District. Plug and Play, based in Silicon Valley, is the world’s largest global innovation platform and investor.

“Miami has always had the components to make it a global technology hub,” says Moishe Mana. “Now that remote work has allowed tech workers and founders to live nearly anywhere, we’re seeing an acceleration of Miami’s emergence as a leading city for tech.”

The collaboration aims to unite the most promising startups with the world's impactful corporations to drive investment, foster innovation, and secure collaborative partnerships across an array of verticals within the Miami tech ecosystem.

This marks the first Miami office for the tech platform, which besides its headquarters in the Silicon Valley has offices in dozens of cities including Paris, Tokyo, Chicago, São Paulo, and Shanghai.

"We look forward to being a dynamic part of the growing tech community in Miami,” says Saeed Amidi, Founder and CEO of Plug and Play. “Our partners will bring their knowledge, expertise, and experience to help our startups grow. Connecting these key stakeholders and industry experts will expedite the digital and cultural transformation in a location ripe for explosive growth. We will work hand-in-hand with Mana Tech to find the founding partners to further develop the tech community.”

For Mana Common, the partnership is one of the first steps in executing their vision for the Flagler District as the economic center of Miami. Mana is Miami’s largest private landowner and their current efforts are focused on their dozens of properties surrounding Flagler Street in Miami’s Downtown core.

“This marks a huge milestone and opportunity for the Miami tech scene,” says Michelle Abbs, Managing Director of Mana Tech, one of the six divisions of Mana Common. “We’ve been actively listening and responding to the local tech community, and we’re excited to deliver a solution like this with Plug and Play who has successfully built complete innovation ecosystems multiple times. It’s the connection that the Miami tech and business communities have been lacking, until now.”

The annual program is designed to host two cohorts per year. Mana Common will co-host the first event with Plug and Play in Miami on February 16, 2021 intended to gather interest from the initial founding members that will jointly work in this project. Miami-Dade County Mayor Daniella Levine Cava, Miami Mayor Francis Saurez, and other corporate partners have confirmed their attendance.

Plug and Play’s platform includes an array of innovation protocols and a curated selection of startups, including the Miami tech entrepreneurs, that will help corporations bridge the gap to bring new products and services to market faster. Plug and Play will offer business development opportunities, mentorship, and networking for startups, investors, and corporations. Twice per year, the founding corporations will choose 10 to 15 startups to benefit from these opportunities.

The Estate Companies Gearing Up To Break Ground On Soleste NoMi Beach In North Miami Beach

The Estate Companies, a subsidiary of Estate Investments Group (EIG), is gearing up to break ground on Soleste NoMi Beach in North Miami Beach. The project, which is located at 16395 Biscayne Blvd., will feature 367 apartment units, 2,708 square feet of commercial space and 655 parking spaces. The Estate Companies acquired the site in December 2020 for $13.1 million after the project, designed by Form Group, was approved in September 2020.

A Penthouse Unit At One Thousand Museum By Zaha Hadid Architects Sells For $16 Million

Unit 5001 at One Thousand Museum by Zaha Hadid Architects has sold for $16 million, roughly $1,739 per square foot. The full floor residence spans 9,200 square feet with 5 bedrooms and 6.5 bathrooms. The unit features 12’ ceilings, 360 degree views, a media room and 100’ terrace overlooking Biscayne Bay. The sale was from the remaining developer inventory which was led by Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger. The buyer was unnamed. The sale was overseen by Harvey Daniels and Anna Sherrill at ONE Sotheby’s International Realty.

One Thousand Museum officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The tower was the designed by the late Zaha Hadid and was her first residential skyscraper in the Western Hemisphere. The unique tower features an exoskeleton which was made from glass fiber reinforced concrete imported from Dubai. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor.

ONE Sotheby’s International Realty Development Division is the exclusive listing agency for One Thousand Museum.

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

Ivanka Trump And Jared Kushner Rent Condo In Arte by Antonio Citterio In Surfside

President Donald Trump’s daughter and son-in-law, Ivanka Trump and Jared Kushner, have reportedly signed a lease at ARTE by Antonio Citterio in Surfside, developed by Alex Sapir and Giovanni Fasciano. The news comes as President Trump leaves the White House for his nearby Mar-A-Lago estate in Palm Beach. Ivanka Trump and Kushner acquired a property for $32 million in December 2020 on Indian Creek Island, an ultra-exclusive billionaire bunker enclave adjacent to Surfside. The Sapir Organization has close ties to the Trump Organization as the pair developed the Trump Soho in partnership with Bayrock, a hotel condominium in Manhattan’s Hudson Square neighborhood which was completed in 2008.

ARTE is a 12-story luxury oceanfront building comprising of just 16 exclusive residences, located at 8955 Collins Avenue in Surfside. ARTE was developed by Alex Sapir and Giovanni Fasciano and designed by Italian master architect Antonio Citterio. ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE features a full-suite of lavish amenities including a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below: