The Piero Lissoni-designed Villa Collection at The Ritz-Carlton Residences, Miami Beach Now Over 70% Sold

The Piero Lissoni-designed Villa Collection at The Ritz-Carlton Residences, Miami Beach is now over 70% sold since sales launched on February 1, 2021. The sales represent 10 out of the 15 villas in the Collection with total sales volume over $68,390,000 for 10 the units under contract since sales launched February 1.

The Villas at The Ritz-Carlton Residences, Miami Beach are being developed by GFI Development Co. as the 3rd-party development manager on behalf of 4701 North Meridian LLC. and designed by the world-famous Italian architect Piero Lissoni. 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.

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.

The Villas share access to the Ritz-Carlton Residences, Miami Beach’s 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. The project is exclusively marketing is by Douglas Elliman Development Marketing.

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Location Ventures Closes On South Beach Assemblage For $20 Million Where Co-Living Project Urbin Miami Beach Is Planned

The Coral Gables-based Location Ventures, led by Rishi Kapoor, has closed on the Washington Avenue assemblage where they have planned Urbin Retreat Miami Beach for $20 million. The acquisition was financed with at $14 million mortgage assumed from the seller, Fryd Properties. The assemblage includes a 10,697 SF retail property at 1260 Washington Ave. and an office building at 1234 Washington Ave.

Prior to closing, Location Ventures has had the Urbin Retreat Miami Beach project in the works since at least 2019. Urbin Retreat Miami Beach is designed by Touzet Studio was approved by Miami Beach’s Historic Preservation Board and Planning Board in August 2020. Urbin Retreat Miami Beach will be a co-living, co-working and wellness platform featuring 60 residential units for a combined 120 bedrooms, retail, co-working space, a rooftop bar and a ground floor restaurant and bar.

Aston Martin Residences Reveals 'The Art Gallery' As Construction Passes 53rd Floor

The Aston Martin Residences Miami is creating a permanent art gallery on the 52nd floor of the 66-story luxury tower, which is due for completion at the end of next year. Construction is currently on the 53rd floor and the development is 70% sold to-date.

Ahead of the tower’s completion, the Aston Martin Residences' Art Gallery is launching virtually and will showcase a renowned artist online every two months. To launch the virtual gallery, a 3D immersive experience, the Aston Martin Residences has partnered with British artist and acclaimed photographer, Julian Lennon, to present an exclusive exhibition of hand-picked images from his personal collections. The virtual Art Gallery and inaugural exhibit, titled “Vision,” can be seen from today through July 7th by visiting www.astonmartinresidences.com.

“Art and design are woven into the soul of the Aston Martin Residences. Every decision we make is born from an intrinsic love of beauty and meticulous attention to detail. We imagine residents will fill their homes with beautiful artworks, and we’re creating the Art Gallery to offer a secluded and exclusive space for our owners to immerse themselves in an ever-changing canvas of contemporary art. We’ll present works from established artists and emerging talents that make our hearts beat faster, and we hope the Art Gallery will inspire residents in their daily lives,” said Germán Coto, CEO of G&G Business Developments

“We’re 70% sold, and we know that our residents appreciate art. It’s this love of art together with a desire for the highest quality finishes, light-filled spaces, and of course, the stunning waterside location that has attracted clients to the Aston Martin Residences Miami,” Coto continued.

Julian Lennon’s fine photography exhibition, “Vision,” the first to be presented by the Aston Martin Residences’ Art Gallery, can be seen to peruse and admire virtually ahead of the gallery’s physical opening in 2022.

Aston Martin Residences is a luxury residential development on the waterfront in downtown Miami being developed by G&G Business Developments at 300 Biscayne Boulevard Way in Downtown Miami. Coastal Construction is the general contractor on the project, which broke ground in October 2017. The one-of-a-kind Aston Martin-branded tower offers 391 residences which come in a variety of floor plans consisting of one to five bedrooms and penthouses ranging from 8,977-10,463 SF and priced from the $970,000s to upwards of $50 million.

The iconic tower is the first for Aston Martin and will feature 42,275 SF of sky amenities across four floors, including a double-level fitness centre overlooking the ocean, infinity pool, spinning studio, boxing gym, virtual golf room, art gallery, two cinemas, as well as a full-service spa, beauty salon and barber shop.

Aston Martin Residences is scheduled for completion in 2022.

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Kobi Karp-Designed Time Century Jewelry Center Secures $23.6 Million Construction Loan

Time Century Jewelry Center in Downtown Miami, led by real estate developer Yair Levy, has locked down a $23.6 million construction loan from City National Bank of Florida. The loan will fund phase 1 of the development which is scheduled to open in mid-2022. The construction crew is now working at installing a new HVAC system, building partition walls for the tenants, installing new plumbing and rewiring the electrical power system.

Time Century, formerly known as Metro Mall, is located at 1 NE First St. and spans 225,000 SF. The retail center is undergoing a $50 million renovation led by renowned architect Kobi Karp. With glass storefronts, soaring ceilings, elegant escalators and elevators, and state-of-the-art security, Time Century will be the first luxury high street retail property in Miami’s jewelry & diamond district.

Once completed, the jewelry center will offer four floors of luxury jewelry retail and wholesale space as well as four additional floors of offices. A large three-story atrium with newly designed escalators and computerized directories will seamlessly direct customers throughout all levels. Most tenants will have unobstructed signage viewable from the main floor. Customers will also benefit from Time Century’s valet parking service and the several newly-built public parking garages steps away from the building.

The wholesale retail space currently available ranges from 500 SF to 2,000 SF with rental rates ranging from $65 to $150 PSF.

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UFC Gym Signs 36,500 SF Anchor Lease At Terra's Doral Square Retail Center In Miami

UFC Gym has signed a 36,500 SF anchor lease at Miami’s Doral Square, a new 150,000-square-foot vibrant, mixed-use urban retail center being developed by Miami-based Terra in the City of Doral. UFC Gym is a franchise chain of UFC-branded fitness centers owned by former MLB superstar Alex Rodriguez’s investment firm A-Rod Corp. UFC Gym’s newest location will mark the chain’s fifth South Florida outpost, with fitness centers now open in Kendall, Midtown and North Miami, and one opening soon in Pembroke Pines.

Situated on the southeast corner of Doral Boulevard and 87th Avenue at the gateway to Downtown Doral, Doral Square is in the final stages of construction and is slated to deliver later this year. UFC Gym will join co-anchor tenants Marshalls and Ross Dress for Less, as well as Panda Express and World of Beer.

“Doral Square will be an exciting addition to the community, with tenants like UFC Gym catering to the everyday needs of surrounding residents,” said David Martin, CEO of Terra. “Doral Square will contribute to the City of Doral’s live-work-play environment by providing secure open-space amenities such as plazas, public seating areas and pedestrian promenades that promote walkability, connectivity and the pedestrian urban experience.”

In keeping with the pedestrian-oriented streetscape of Doral Boulevard, Doral Square has been planned around an urban streetscape that provides locals with a variety of daily living essentials within walking and biking distance. Generous tree-lined sidewalks, ground-floor storefronts and neighborhood-oriented retail will contribute to the area’s active, vibrant vibe.

Doral Square’s design, created by award-winning architectural design firm Touzet Studio, will be a modern assemblage of retail volumes and environments that allow for a dynamic mix of retail, dining, and commercial uses. A significant amount of indoor/outdoor space connections will create a vibrant and diverse pedestrian experience with many opportunities for outdoor dining. The development’s design will be unified with materials that add warmth and texture, light coves in the walls and colors that were carefully considered to integrate with the selected artwork.

In 2017, A-Rod Corp acquired the rights to develop UFC-branded fitness centers throughout Miami-Dade County. The UFC GYM brand represents the qualities that athletes strive for: strength, endurance, confidence, discipline, and respect. Started in 2009 via a partnership with UFC (Ultimate Fighting Championship), UFC GYM now has more than 150 fitness centers around the world, from Australia to India to the United Arab Emirates. The facilities offer a broad range of group fitness classes, private MMA training, personal and group dynamic training, and MMA-style youth programming.

The 52-Story North Tower Of The Estates At Acqualina Tops Out In Sunny Isles Beach

The boutique North Tower of The Estates at Acqualina, the highly anticipated $1.8 billion residential development, has topped out in Miami’s Sunny Isles Beach at 52-stories, 672’. As with topping-out tradition, the final beam was inscribed with signatures and messages from the development, construction and sales teams, before being hoisted to the top of the building with the American Flag and a palm tree. The Estates at Acqualina is being developed by Trump Group, led by Jules and Eddie Trump, with construction overseen by Suffolk Construction. The topping-out comes following a strong 2021 that saw the Estates at Acqualina closing on 46 deals totaling $375 million.

“The Estates at Acqualina is being constructed to the highest standards, leveraging leading-edge technology and innovation to deliver a sophisticated level of finishes and customizations for this world-class project,” said Pete Tuffo, President, South Region, Suffolk Construction.

After breaking ground in May 2018, the development is on track with the South Tower completion in the 4th quarter of 2021 and the Boutique North Tower in the 1st quarter of 2022. The Estates at Acqualina will offer 248 luxurious residences from three to seven bedrooms in two towers, The South Tower and the Boutique North Tower. Villa Acqualina will offer 45,000 square feet of amenities, including the New York-based Avra restaurant, a spa and fitness center, and Circus Maximus, an entire floor of amenities including an ice skating rink, bowling lanes, a golf simulator, a Formula One simulator, and a movie theater.

“We are one step closer to completing The Estates at Acqualina,” said Michael Goldstein, President of Sales. “Once completed, The Estates’ beautifully manicured lawns and overall design will integrate like no other with the Atlantic Ocean and provide homes never before seen on the coast or anywhere in the world.”

Through an exclusive partnership with one of the world’s most celebrated designers, the entrance lobbies at The Estates at Acqualina were designed by the late Karl Lagerfeld. The grounds of The Estates’ 5.6 acres will offer lush landscaped gardens, multiple pools, a FlowRider® wave simulator, a basketball court, a bocce court, a dog park, a soccer field, a beachfront restaurant, and five-star beach and pool services. Also available will be a 24-hour valet, 24-hour security services, a full-service resident concierge, and a house Rolls-Royce car.

Residences at The Estates at Acqualina are priced from $4.6 million to $14.5 million to $59 million for penthouses.

Photos via The Estates at Acqualina

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ARTE by Antonio Citterio Is The First New Development In Miami To Accept Cryptocurrency

ARTE by Antonio Citterio, the exclusive boutique condominium which recently opened in Miami’s Surfside neighborhood, has announced that it will be first new residential development in Miami to accept cryptocurrency as a form of payment. Signifying the developers’ optimism for the city's future as the cryptocurrency capital of the world, all remaining residences can be purchased with digital currency.

To streamline the sale of residences in crypto, ARTE has formed partnership with blockchain and securities trading platform SolidBlock, which provides custom solutions for buying and selling digital assets. SolidBlock will ensure that buyers paying in cryptocurrencies such as Bitcoin and Ethereum enjoy an easy and straight-forward purchasing experience. They will also be available to assist with any other crypto exchanges or real-world transactions that buyers wish to make in the future as well as legal and tax advice.

As the first Miami condominium to welcome cryptocurrency, ARTE joins Mayor Francis Suarez in the vision to transform the city into a leading technology hub. By embracing digital assets like Bitcoin as the future of business, the building has taken the lead in upending traditional real estate practices in Miami and has set an example for other developments in the market.

"The embrace of cryptocurrency and emerging technologies across all sectors of industry is precisely how Miami will become the city of the century,” said Mayor Francis Suarez. “ARTE is setting an important precedent and I won't be surprised to hear similar stories in the near future."

The announcement also comes at a unique time in Miami, when many of the top Silicon Valley companies and venture capital firms have opened satellite offices or have expanded into the city. According to the developers, this migration has played a role in the decision to launch a cryptocurrency offering at Arte.

“Miami is becoming a true city of tomorrow,” said Alex Sapir, Chairman of Sapir Corp LTD, whose Israel-and New York-based subsidiary, SC 8955 LLC, developed the project. “As the most exclusive luxury building in the city, we’re positioning ourselves for a future where half the world’s billionaires are crypto billionaires, which will happen once Bitcoin reaches $200,000. With cryptocurrencies already creating incredible worldwide wealth, it’s real estate that will sustain that wealth and provide buyers with a legacy. Cryptocurrency is an important and valuable asset, and we believe it’s only natural to set the pace in the real estate industry for these types of transactions at Arte, not just keep up with it.”

“Cryptocurrency is not only a viable and sustainable new asset, it’s also the future of wealth,” said Giovanni Fasciano, co-developer. “As more technology executives move to Miami and bring cryptocurrency along with them, it is crucial that buildings start to devise plans to make blockchain transactions easier and more secure for investors. Arte is the only Miami condominium positioning itself to attract this community at the moment, and we’re proud to take the lead in partnership with SolidBlock.”

ARTE’s collaboration with SolidBlock is the first of its kind. The company pioneered the field of tokenization, spearheading the world’s first successful commercial real estate security token offering (STO), raising $18M for the Aspen St. Regis Resort in 2018. Customizing solutions for private entities to purchase residential real estate in tokens is a new frontier for the platform, and one that could set an exciting precedent for future large-scale luxury developments.

“We are thrilled to have the opportunity to partner with the developers of one of Miami’s most sought-after buildings,” said Yael Tamar, co-founder and co-CEO of SolidBlock. “Discerning and tech-savvy buyers both local and international will appreciate having access to a platform that streamlines the process and helps them invest in this amazing opportunity.”

Nestled in Surfside, the seaside enclave between Bal Harbour and Miami Beach, ARTE is a boutique, oceanfront development at the center of the city’s most vibrant cultural, culinary and shopping destinations. Featuring a stunning design by Italian master architect Antonio Citterio, the building offers impeccable interiors and finishes, as well as ten-star amenities and service. The development 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 residents enjoy a robust suite of amenities not found in other Miami luxury condominiums. They include 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 and sauna and steam room. Additional facilities include a children’s playroom with space for remote learning, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

Prices at ARTE by Antonio Citterio start at $10.3 million, or the equivalent cryptocurrency rate, and the spacious three- to five-bedroom plus residences range in size from approximately 3,150 to 7,550 square feet. Sales are exclusively handled by Douglas Elliman Development Marketing.

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

New Urban Development Proposes View 29 With Affordable And Workforce Housing In Wynwood

New Urban Development, an affiliate of non-profit organization The Urban League of Greater Miami, has proposed View 29 in Wynwood. The residential project is located at 2901 NW 2nd Ave. and will offer a mix of affordable and workforce housing to help address the shortage of affordable housing in Miami. The 27,717 SF site was deeded by the county to New Urban Development in 2020 in exchange for the development of affordable and workforce housing.

View 29 is designed by MC+G Architecture and will rise 12-stories, offering 116 apartment units, 105 parking spaces and 6,910 SF of ground floor retail. The unit mix is expected to offer 30 studios, 18 one-bedroom units, 58 two-bedroom units and 10 three-bedroom units. Residences would range from 650 SF to 1,200 SF. Amenities will feature a pool, community room, childrens’ room, fitness center, yoga room, business center and a rooftop terrace with a solar panel canopy. The Wynwood Design Review Committee is scheduled to review the proposal on May 12.

The New York-Based Fisher Brothers Acquire Wynwood Development Site For $17.59 Million

The New York City-based real estate development and investment firm Fisher Brothers has acquired a Wynwood development site for $17.59 million. The property is a 1.5 acre assemblage including the former Miami Rescue Mission located at 2201-2159 NW 1st Ct. and 2200-2250 NW 1st Ave. There are four existing industrial buildings which span 43,440 SF. The seller was a partnership between RedSky Capital and JZ Capital Partners, who acquired the assemblage in 2016 for $22 million.

The RedSky Capital and JZ Capital partnership has been unloading their Wynwood portfolio including the sale of Wynwood Block for $24 million. RedSky Capital also recently sold Cube Wynwd to a development partnership between Tricera Capital and LNDMRK Development.

Fisher Brothers was founded in 1915 by Martin Fisher and was later joined by brothers Larry and Zachary Fisher. Today Fisher Brothers is led by Arnold, Kenneth, Steven and Winston Fisher. Fisher Brothers is a diversified, real estate firm active nationally and recently developed 111 Murray, a 60 story luxury condominium located in the heart of Tribeca; House39, a 372-unit luxury rental tower in Manhattan’s Murray Hill neighborhood; and Station House, a 378-unit luxury rental apartment project in Washington.

Melo Group Locks Down $99 Million Refinancing For Miami Plaza Apartment Tower In Downtown Miami

Melo Group has locked down a $99 million refinancing for its recently delivered transit-oriented Downtown Miami apartment tower, Art Plaza. The 36-story, 425-unit Art Plaza, which is located at 1500 Northeast Miami Plaza, is now 95% leased after Melo Group delivered the building in July 2020. The loan is a 10-year, interest-only loan financed by Freddie Mac and arranged by Peter Mekras of Aztec Group. The refinancing will be used to pay off a $62.7 million construction loan from BB&T which was funded in 2019.

Apartments at Miami Plaza feature expansive balconies with bay and city views, floor-to-ceiling sliding doors, energy-efficient tinted glass, European-style kitchen and bathroom cabinetry, granite countertops, double door refrigerators, stainless steel appliances, spacious living and dining rooms, imported ceramic tile and laminated wood flooring, and full-size washer and dryers. Residences at Miami Plaza apartments range from one- to three-bedrooms measuring between 700 to 1,400 square feet. Monthly rental rates initially started at approximately $1,680 for one-bedroom units; $2,100 for two-bedroom units; and $2,640 for three-bedroom units.

Building amenities include a large 70-foot swimming pool, a fully-equipped fitness center, a café social lounge, 24-hour concierge/security, and a multi-level secured garage with valet service.

Miami Plaza marks the fourth multifamily development, and sixth tower, that Melo Group has delivered in the Arts & Entertainment District since 2016 and completes the final phase of the firm’s plan to bring more than 2,300 transit-oriented rental units to the growing neighborhood. The firm’s previously completed developments in the area, all of which are clustered around the Miami-Dade Metromover School Board Station within a few blocks of each other, include the 497-unit Melody Tower, which delivered in 2016; the two-tower 710-unit Square Station, which delivered in 2018; and most recently, the two-tower 667-unit Art Plaza, which delivered in 2019. Melo Group is also developing Downtown 5th at 55 NE 5th Ave, an apartment community with 1,042 rental units spread over two 51-story towers in nearby Downtown Miami.