Design 41 In Miami Design District Now Fully Leased After Swiss Watch Company Breitling Opens New Boutique
Design 41 in Miami Design District is now fully leased after Breitling signed a lease and opened a 1,832-square-foot boutique on the district’s prime Northeast 41st Street corridor. The 112 NE 41st St. store will showcase the latest watches modeled by Breitling’s “Spotlight Squad,” which includes Charlize Theron and Misty Copeland.
Design 41 in Miami Design District is now fully leased after Breitling signed a lease and opened a 1,832-square-foot boutique on the district’s prime Northeast 41st Street corridor. The 112 NE 41st St. store will showcase the latest watches modeled by Breitling’s “Spotlight Squad,” which includes Charlize Theron and Misty Copeland. Other tenants that have opened in Design 41 include bespoke perfumery Bond No. 9 New York, Rosenfeld Gallery – which only has one other location in New York City, and the first U.S. flagship store for Argentine leather goods brand Gaucho.
The lease was overseen by DWNTWN Realty Advisors Co-Founder and Managing Partner Tony Arellano and Executive Joe Fernandez, who represented the landlord to lease the entire 40,000-square-foot building. Design 41 was developed by Design District Development Partners.
“It is fitting that Breitling moves into the final available space on this important block and joins some of the world’s most luxurious retailers, such as Louis Vuitton, Ermenegildo Zegna, Tiffany & Co. and Burberry, in the Design District,” Arellano said. “We are proud of our role in leasing up Design 41 and helping the entire neighborhood reach its full potential.”
“We drew upon our unique knowledge of the neighborhood and strong relationships to accomplish a successful lease-up of Design 41,” Fernandez said. “Breitling’s new store there will undoubtedly rival its top-performing boutiques in major U.S. markets.”
Arellano and DWNTWN Co-Founder Marinoff have also played a pivotal role in Miami Design District’s evolution. Over the last seven years, the brokers have completed 22 transactions totaling more than $205 million in the neighborhood’s four-block pedestrian core. These sales represent most of the district transactions not involving Dacra’s assemblage, filling the gaps around the district’s core and making DWNTWN the neighborhood’s market leaders.
Miami-Based Private Equity Firm Iconic Equities Launches With Industrial Development Site Acquisition
Iconic Equities, in partnership with Trinity Capital Advisors, has announced the closing of 239 Jedburg Road in Charleston, roughly 115 acres of land located in the Summerville submarket. The firms plan to develop approximately 780,000 square feet of Class A logistics warehouses.
Iconic Equities, in partnership with Trinity Capital Advisors, has announced the closing of 239 Jedburg Road in Charleston, roughly 115 acres of land located in the Summerville submarket. The firms plan to develop approximately 780,000 square feet of Class A logistics warehouses. Iconic and Trinity will commence development of the 621,000 square foot cross-dock building and the 158,000 square foot rear-load building this summer. Completion is anticipated to be in the Spring of 2023, with JLL’s Lee Allen and Kevin Coats slated to handle the leasing.
Tim Bishop, previously Director of Acquisitions at Thor Equities founded Iconic Equities about a year ago to focus on acquiring and developing logistics warehouses, Industrial Service Facilities (ISF), multifamily, and mixed-use commercial properties throughout the United States that are poised to benefit from e-commerce growth and population migratory patterns in a post-Pandemic world.
Iconic is in the process of rolling out an infill Industrial Service Facility (ISF) program with an institutional capital partner, focused on markets such as: New York City, New Jersey, Los Angeles, South Florida, Houston, Columbus, Phoenix, Atlanta, Savannah, Charleston, and Dallas. These assets will include truck terminals, trailer storage, container storage, fleet maintenance yards and equipment maintenance yards. The firm is targeting to raise $100 million of equity towards the strategy.
Brian Rosen, who most recently served as the Chief Investment Officer for Accesso Partners in Miami. During his tenure, Accesso acquired over 11 million square feet of real estate. Rosen leads the firm’s multifamily and office platform. Robert Fitzgerald, who previously focused on capital markets at a South Florida-based hedge fund and has been with Bishop since the firm’s inception, focuses on acquisitions and capital markets.
Ty Wiest, who previously worked at Prologis has joined the team as well and will be opening Iconic’s Los Angeles office and leading acquisition efforts on the West Coast. Wiest worked on the Industrial Property Trust acquisition and worked on an additional $900m in transactions while at Prologis. Michael McGraw, also based in Los Angeles, joins the firm from Industrial Realty Group, a national warehouse developer with over 100 million square feet under management across 31 states. While at IRG, McGraw worked on approximately $500m in transactions.
At Thor, a $10 billion assets under management investment company led by Joseph Sitt, Bishop was instrumental in taking the firm into markets like Austin, Nashville, Raleigh-Durham and Dallas. During his tenure, Thor became one of the most active buyers of logistics and life sciences properties in both the US and Europe.
“Our acquisition strategy at Iconic is both highly data-driven and highly adaptable in nature – right now, logistics is the hottest asset classes in real estate, from both a capital markets and tenant demand perspective–so that has been most of our focus,” said Bishop. “We’re acquiring and developing everything from big box warehouses to last mile facilities to outdoor storage facilities – all engineered to capitalize on the momentum from logistics growth over the next 5 years.”
Luxury Home Builder Sabal Development Reports $130 Million In Sales For 2021
Sabal Development reported over $130 million in sales for 2021 amid a hot market for luxury single family homes and custom built homes. Sales in 2021 include a record-breaking sale at 135 Palm Avenue in Miami Beach for $29.5 million, a property in Pompano Beach at 2305 N. Riverside Drive for $6.45 million, and another in Hillsboro Beach at 1105 Hillsboro Mile for $13.5 million.
Sabal Development and Sabal Luxury Builder, led by Pascal Nicolai, reported over $130 million in sales for 2021 amid a hot market for luxury single family homes and custom built homes. Sales in 2021 include a record-breaking sale at 135 Palm Avenue in Miami Beach for $29.5 million, a property in Pompano Beach at 2305 N. Riverside Drive for $6.45 million, another in Hillsboro Beach at 1105 Hillsboro Mile for $13.5 million, and two in Miami at 4131 S. Douglas Road $5.4 million and 830 NE 92nd Street for $1.85 million. Other sales in 2021 include 770 S. Shore Drive for which sold for $5.15 million, 860 S. Shore Drive for $5.9 million, 2211 Meridian Avenue for $5.5 million, and 2035 Meridian Avenue for $5.05 million.
Pending sales under contract and set to close in 2022 include homes at 165 N. Hibiscus Drive in Miami Beach (listed at $15.5 million), 79 N. Hibiscus Drive in Miami Beach (listed at $17.5 million), and 1370 S. Venetian in Miami (listed at $21.9 million).
“We are thrilled to construct magnificent homes of this caliber and quality across South Florida,” said Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. “When creating our projects, we understand a custom home is more than a structure—it’s a place where memories are made.”
Sabal Development’s founder, Pascal Nicolai, has over 30 years of home building experience with completed projects in Europe and the U.S. Nicolai uses his own construction company, Sabal Luxury Builder, to build his developments. Sabal Luxury Builder works with engineers, architects, and designers to design each project from start to finish while maintaining control the construction timeline and process from material sourcing to completion.
Images via Sabal Development and Jeff Miller, ONE Sotheby’s International Realty
Four Seasons Private Residences Fort Lauderdale Begins Closings At Record Price Per Square Foot
Four Seasons Private Residences Fort Lauderdale, the first five-star development to debut in the nation’s yachting capital, has commenced closings. The first residences have closed at an average of $2,000 per square foot, an unprecedented price for the Fort Lauderdale condominium market.
Four Seasons Private Residences Fort Lauderdale, the first five-star development to debut in the nation’s yachting capital, has commenced closings. The first residences have closed at an average of $2,000 per square foot, an unprecedented price for the Fort Lauderdale condominium market. Only seven developer residences of the initial 83 remain for sale as the project is quickly approaching sellout and buyers can now tour the completed residences for the first time as the building readies for opening. Initial occupancy will begin this quarter, in conjunction with the opening of the hotel.
“Fort Partners has always recognized the potential that Fort Lauderdale held,” said Nadim Ashi, Founder and CEO of Fort Partners, who developed the project. “I am proud of the talent that we assembled to provide exceptional exclusivity, design, and service in a city that was ready to be reimagined as a luxury oceanfront destination.”
Prospects touring the building can experience the luxurious interiors designed by award-winning London-based designer Tara Bernerd, and understand how Miami-based architect Kobi Karp, the mastermind behind the building’s distinctive shape, designed the building so that every residence offers views of the ocean. They can also walk the building’s private gardens, which were designed by landscape architect Fernando Wong. In a first-of-its-kind collaboration, Fernando is offering residents at Four Seasons Fort Lauderdale exclusive, complimentary landscape design services at their private terraces. Residents can work directly with Fernando to transform their outdoor spaces into enviable lounges with lush greenery. The unique service adds to the allure of the indoor-outdoor lifestyle at Four Seasons Fort Lauderdale, one of the finest in all of South Florida.
“Fort Partners is proud of the standards it has set for hospitality and residential living in Fort Lauderdale,” said Ramzi Achi, Principal of Fort Partners. “The Four Seasons Hotel and Private Residences is an iconic development that has been created by a team of visionaries and will provide the best in services as well as beautiful design and exclusivity for its residents.”
In tandem with the opening of the residences and the highly anticipated new hotel, two culinary concepts will also debut early this year. They are Evelyn’s Table, an upscale oceanfront restaurant located on the Ocean Terrace, and Honey Fitz, a casual café and bar located in the lobby. In addition to offering residents a dynamic resort experience, the restaurants will bring fresh, elevated cuisine to Fort Lauderdale, with elegant interior design by hospitality designer Martin Brudnizki. Named for Evelyn Fortune Lilly Bartlett, the Fort Lauderdale luminary who founded local landmark Bonnet House Museum & Gardens, Evelyn’s Table honors Evelyn’s commitment to bringing art and creativity to the beaches of Fort Lauderdale.
Evelyn’s Table will serve coastal cuisine with eastern Mediterranean flavors, and exude the tradition of a yacht club combined with the glamour of Four Seasons in Fort Lauderdale. The design features a polished palette of blues, whites and woods, along with sophisticated and fresh nautical accents. Honey Fitz is the lobby café and champagne bar named after the Presidential yacht made famous by John F. Kennedy. It will offer gourmet coffee creations and pastries during the day and wine and champagne at night.
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 a pet concierge with an on-call veterinarian. Residents also receive special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean.
Pricing for two- to four-bedroom private residences begins at $4.6 million. Sales and marketing are overseen by Douglas Elliman Development Marketing.
Imagery via Four Seasons Fort Lauderdale
For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:
New Renderings Revealed Of The Ritz-Carlton Residences, Pompano Beach
Fortune International Group and Oak Capital have revealed new Piero Lissoni-designed interior and new exterior renderings of The Ritz-Carlton Residences, Pompano Beach. The Ritz-Carlton Residences, Pompano Beach will be first luxury address in Pompano Beach and will offer 205 residences and over 35,000 SF of resort-style amenities.
Fortune International Group and Oak Capital have revealed new Piero Lissoni-designed interior and new exterior renderings of The Ritz-Carlton Residences, Pompano Beach. The Ritz-Carlton Residences, Pompano Beach will be first luxury address in Pompano Beach and the property will offer 205 residences and over 35,000 square feet of resort-style amenities with stunning views of the Atlantic Ocean and Intracoastal Waterway. The highly amenitized property is the first ever to offer two distinct towers, Beach Tower on the pristine sands of Pompano Beach to the east and Marina Tower with an intracoastal experience and private marina to the west, both of which will be complemented by legendary Ritz-Carlton service.
The interiors and landscape design at The Ritz Carlton Residences, Pompano Beach is designed by Piero Lissoni, who is creative director for Alpi, B&B Italia, Boffi, Living Divani, Lema, Lualdi, Porro and Sanlorenzo for whom he also designs an extensive range of products. Recognized as one of the masters of contemporary design, he has worked with many international brands including Alessi, Antrax, Atlas Concorde, B&B Italia, Bonacina1889, Cappellini, Cassina, Cotto, and more. The architectural design is by Revuelta Architecture International.
“The project of Lissoni New York regards the interior of the two residential towers: one facing the ocean and the other overlooking a marina. Maintaining the same language but defined individually to lend a specific character to each building, the aim was to design environments that were comfortable and welcoming and create sophisticated places for relaxation and socialization, introducing a new lifestyle opportunity for the area of Pompano Beach in South Florida.” Said Piero Lissoni.
The 14-story Marina Tower provides an equally stunning location just across the street from Beach Tower, overlooking 250 feet of waterfront between the Intracoastal Waterway and Pompano Beach’s South Ocean Boulevard. The tower offers 88 residences with sunset views, including four penthouses, which range in size from one to four bedrooms, spanning 917 to 3,947 square feet.
The 32-story Beach Tower offers a prime location on the sands of Pompano Beach with 250 feet of ocean frontage on 2.25 acres of land. A selection of 117 oceanfront residences, including two penthouses, range in size from one to five bedrooms, spanning 1,309 to over 6,824 square feet.
“In the east tower (The Beach Tower), the connection and dialogue with the ocean are amplified right from the entrance by the presence of large pools that flank the approach to the reception. The contemporary design defined by pure lines and forms is expressed through natural materials and light colors with touches of rich blue, while in the west tower (The Marina Tower) the hues are slightly darker. The inspirations for both buildings come from the nautical world and from the warm and Mediterranean atmosphere of a yacht club, while the detailed and almost theatrical lighting design is also elemental in cultivating intimate and welcoming environments. Large glazed volumes define the spaces and appear to bring the lush Caribbean nature indoors.” Said Lissoni.
The two towers offer an expansive array of over 35,000 square feet of curated amenity space. The Residences will offer a Marina Yacht Club with a private resident marina, an oceanfront Beach Club, sports courts, tropical pool decks, indoor-outdoor social areas, on-premise dining, and much more to further enhance the overall living experience
“The landscape design is closely tied to the locality and highlights exotic native species that interplay with the clean and linear geometry of the hardscape, producing a sinuous terrain that calls to mind the forms of desert dunes.” Said Lissoni. “Both inside and outside, water is a central element that dialogues continually with the architecture, becoming a part of it and generating pathways and connections in the process.”
Fortune International Sales is the exclusive sales and marketing team for The Residences, with homes priced from $1 million and completion slated for 2025. The Ritz-Carlton Residences, Pompano Beach are located at 1380 S. Ocean Blvd. in Pompano Beach, Florida.
Renderings via DBOX and Berga & Gonzalez
For more information about The Ritz-Carlton Residences, Pompano Beach, private showings or purchasing/ leasing information please fill out the form below:
One of The Last Vacant Development Parcels In Brickell Sells For $7 Million
One of the last development parcels in Brickell has sold for $7 million with plans for an approved and permitted 60 unit condo or apartment project. The 19,850 SF, .46 acre lot is located at 1621 SW 2nd Ave. in West Brickell, just a few blocks away from Brickell City Centre, SLS Hotel, Echo Brickell, Mary Brickell Village, and Brickell Bay Boardwalk.
One of the last development parcels in Brickell has sold for $7 million with plans for an approved and permitted 60 unit condo or apartment project. Oak Capital, led by Ricardo Dunin, acquired the 19,850 SF, .46 acre lot which is located at 1621 SW 2nd Ave. in West Brickell, just a few blocks away from Brickell City Centre, SLS Hotel, Echo Brickell, Mary Brickell Village, and Brickell Bay Boardwalk. The shovel-ready 60 unit project would rise 9-stories and the location of site and T6-8-0 zoning allows for short-term rentals. The transaction closed on February 1, 2022 and was overseen by FA Commercial’s Fabio and Sebastian Faerman who represented both the buyer and seller. FA Commercial represented the current seller, Carlos Pineda, in the original purchase of this site for $2.7 million to disposition selling the site for $7 million with approved potential for development.
Images via FA Commercial
Limestone Asset Management Reveals Two New Luxury Spec Homes In Miami's Historic Morningside Neighborhood
Limestone Asset Management has revealed their first two spec homes located in Miami’s historic and gated Morningside neighborhood. The homes are located at 531 and 510 NE 52nd Street, Miami, FL, and are listed with Brandon Brugal and Uccio Zecchini of Miami’s BZG International Real Estate.
Limestone Asset Management has revealed their first two spec homes located in Miami’s historic and gated Morningside neighborhood. The homes are located at 531 and 510 NE 52nd Street, Miami, FL, and are listed with Brandon Brugal and Uccio Zecchini of Miami’s BZG International Real Estate. Limestone Asset Management is led by Ibrahim Al Rashid and invests in real estate across all asset classes throughout North America.
“Morningside is a unique community that has garnered tremendous interest over the last few years. Anyone passing through would realize quickly that Morningside rivals some of the most popular addresses in Miami-Dade County.” said Ibrahim Al-Rashid, chairman of Limestone Asset Management. “We are pleased to work with Brandon Brugal in the sales of our first spec homes in the community.”
531 NE 52nd Street is a 4,480-square-foot contemporary home that features five bedrooms, five bathrooms, a den, an outdoor pool and a one-car garage. The home is currently under construction on a 8,363-square-foot lot which is just steps away from Morningside Park, a 42-acre bayfront park. The residence is designed by the esteemed Miami architecture firm Preschel + Bassan Studio and features an open floor plan and double-height ceilings, an oversized kitchen with gas appliances and a built-in dining bench for eight, top-of-the-line fixtures and finishes and an expansive master bedroom suite with a terrace overlooking the pool and backyard. 531 NE 52nd St. is expected to be completed in the fourth quarter of 2022.
510 NE 52nd Street is expected to break ground in mid-March 2022. The residence will span 3,500 square-feet and offer four bedrooms, four full bathrooms and one half-bathroom, and a one-car garage. Nestled on a 5,500-square-foot lot, the home is designed by award-winning Miami architecture and interior design firm Taylor & Taylor Inc. The two-story ultra-modern home will feature an open flow-through floor plan with 10-foot ceilings on the first floor and up to 14-foot ceilings on the second floor with tongue and groove finishes. Outside, the home will be offer a pool surrounded by lush, natural landscaping Completion is expected in the second quarter of 2023.
“Working together with Limestone on the homes at 531 NE 52nd Street and 510 NE 52nd Street in Morningside, we are offering stunning homes ideal for the luxury buyer who desires modern elegance,” said Brugal.
Only One Listing Remains At Arte Surfside After $20 Million Of Sales In January
Only one residence remains at Arte Surfside following $20 million of sales in January. Arte Surfside is a newly developed 12-story, 16-unit oceanfront luxury condominium at 8955 Collins Avenue. The final developer unit at Arte is Residence 201, a six-bedroom condo featuring panoramic views and expansive interiors.
Only one residence remains at Arte Surfside following $20 million of sales in January. Arte Surfside is a newly developed 12-story, 16-unit oceanfront luxury condominium at 8955 Collins Avenue. The final developer unit at Arte is Residence 201, a six-bedroom condo featuring panoramic views and expansive interiors designed by master Italian architect Antonio Citterio, priced at $20 million and listed with Douglas Elliman Development Marketing.
Known for pioneering cryptocurrency transactions and setting price per square foot records in Miami Beach and Surfside, Arte has also announced the sale of Residences 802 and 701, which has brought the building to near sellout. The two deals closed this week at $11.2 million and $12.225 million respectively, with the latter fetching nearly $3,911 per square foot.
“With 2022 already off to such a strong start, Residence 201 won’t be on the market for much longer,” stated Alex Sapir, Chairman of Sapir Corp LTD, whose Israel-and New York-based subsidiary, SC 8955 LLC, developed the project. “Arte provides a one-of-a kind residential experience in Miami Beach that luxury buyers today are seeking out. They are drawn to the city for its year-round warm weather and beautiful beaches and see Arte as an enticing lifestyle and financial investment.”
The last remaining listing at Arte is Residence 201, a grand, estate-sized duplex that boasts gracious living areas, six bedrooms, seven and a half bathrooms and private elevator entry. In total, Residence 201 spans 6,982 interior square feet and 1,488 exterior square feet. Designed for seamless indoor-outdoor living, the residence emulates a Mediterranean lifestyle with expansive wraparound terraces clad in travertine and ipe decking that blend into modern, open living areas. There are two gourmet chef-style kitchens in the home, one on each floor. They are both kosher friendly and designed with Poliform cabinetry, Italian marble countertops and Gaggenau appliances.
Residence 201’s duplex floor plan is also unique because it maximizes the home’s oceanfront views. Both the master suite on the top level as well as the spacious living, dining and entertaining area on the bottom level feature dramatic vistas of the water and shoreline, with the lower entertainment level also including a private staircase that leads directly to Arte’s luxurious spa and beach amenities. This feature is ideal for families wanting easy access to the pool and beach.
“Residence 201 exemplifies what buyers want; there’s nothing else like it currently available on the beach,” said Giovanni Fasciano, a co-developer at the project. “People recognize what a privilege it is to live at Arte, and it’s a key reason why we’re receiving offers at or above full asking price. There is great value in owning at this development.”
Closing at full asking price, Residence 802 recently closed at the full asking price of $11.2 million for three-bedroom, three bathroom home which spans 3,126 interior square feet. The listing sold unfurnished for $3,583 per square foot, with Ryan Mendell of Maxwell E. Realty Inc representing the buyer. Residence 701, a three-bedroom home with over 2,150 square feet of private outdoor space, sold furnished by Artefacto for $25,000 over its $12.2 million asking price, at $3,911 per square foot. Ohad Fisherman of Societe Real Estate represented the buyer in the deal, and Miltiadis Kastanis of Douglas Elliman represented the seller for both residences.
Antonio Citterio, in collaboration with Kobi Karp Architecture and Interior Design, designed Arte with Miami’s 1930s architectural heritage in mind. Nodding to the legacy of ancient landmarks such as the Colosseum, the building features a Roman travertine façade articulated with broad expanses of sliding glass doors and a gridded bronze Schuco window system. Arte takes its name not only from the artful design of the building, but also from the curated artwork within it.
Amenities at Arte include a 75’ indoor swimming pool, an outdoor swimming pool, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and a tranquil meditation pond. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining and private temperature-controlled parking spaces.
La Baia, Bay Harbor Islands Is Over 65% Sold In Less Than Four Months After Launching Sales
La Baia, Bay Harbor Islands, is now over 65% reserved in less than 120 days since launching sales for the boutique bayfront condominium and private marina. The project is being developed by Ian Bruce Eichner who developed Continuum South Beach in the prestigious South of Fifth neighborhood a decade ago.
La Baia, Bay Harbor Islands, is now over 65% reserved in less than 120 days since launching sales for the boutique bayfront condominium and private marina. The project is being developed by Ian Bruce Eichner, who was the catalyst behind South Beach’s prestigious South of Fifth neighborhood when he developed Continuum South Beach a decade ago. Eichner set his sights on building La Baia on one of the last large-scale land parcels remaining in the exclusive Bay Harbor Islands. Sales are been exclusively handled by Phil Gutman and have been attributed to the property’s tranquil cove-like setting, luxurious resort-style amenities, and large, airy offerings that have La Baia outpacing the rest of the area’s luxury condominium market.
“At a time where we are experiencing unprecedented Miami sales activity, and with buyers being more selective than ever on where they choose to live, we are delighted that our boutique limited edition offering, one of Miami’s best kept secrets, is a clear choice,” said Phil Gutman, President of Pgutman LLC. “With La Baia’s sales gallery slated to open later this month, the extraordinary sales are a true testament to the overwhelming response that the property has received from savvy buyers from across the U.S. and world.”
“We look forward to continuing to build upon this exciting momentum as we prepare to break ground on La Baia this month,” said Ian Bruce Eichner, founder of The Continuum Company, LLC. “Our buyers recognize the unprecedented value of the privacy and resort-style amenities that makes La Baia a product unlike any other on the market today.”
Located at 9201 East Bay Harbor Drive, La Baia will rise eight stories and will feature 68 luxurious residences with 20-boat slips and more than 30,000 sq. ft. of resort-style amenities. La Baia is designed by Revuelta Architecture and the rooftop amenity deck and lush greenery was envisioned by world-renowned landscape architect Enzo Enea. Residences are sized from one- to four-bedrooms and span between 1,100 to 2,500 square feet. Each La Baia home will be delivered completely finished and ready to be designed, decorated and furnished.
Residences will features well-appointed fixtures and finishes curated by New York-based Durukan Design. Ceiling heights range between 9’ to 10’, there are spacious his-and-her walk-in closets, and balconies with glass railings. Kitchens feature custom Italian cabinetry by Snaidero is complemented by Miele appliances, along with quartz stone countertops and Hansgrohe fixtures. Every La Baia, Bay Harbor Islands primary bathroom and powder room features marble flooring and dual rainfall showers.
Pricing started at $810,000 for a one-bedroom residence when sales launched. The project is slated for completion and delivery in November 2023.
Renderings via Evolution Virtual
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Deco Capital Secures $60 Million Construction Loan For Eighteen Sunset In Sunset Harbour
Deco Capital Group has secured $60 million in construction financing from City National Bank of Florida for Eighteen Sunset in Miami Beach’s hot Sunset Harbour neighborhood. The loan will fund the ongoing development of the newest mixed-use project combining office, retail, and residential uses.
Deco Capital Group has secured $60 million in construction financing from City National Bank of Florida for Eighteen Sunset in Miami Beach’s hot Sunset Harbour neighborhood. The loan will fund the ongoing development of the newest mixed-use project combining office, retail, and residential uses. Eighteen Sunset broke ground in November 2021 and is expected to be completed in late 2023.
Eighteen Sunset will feature street-level retail and restaurant space, two floors of Class A+ offices totaling 40,000 square feet, and an exclusive top-floor penthouse featuring more than 15,000 square feet of interior space as well as a breathtaking rooftop pool deck. All told, the penthouse residence comprises approximately 30,000 square feet of private indoor and outdoor space, outdoor dining room, expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, Downtown Miami, and evening sunsets to the west.
“We’ve seen significant interest from some of the most desirable and prosperous buyers and tenants in the country, who are looking at Eighteen Sunset from both a residential perspective and as a ‘live-work’ opportunity in the heart of one of South Florida’s most desirable districts,” said Deco Capital Group Founder Bradley Colmer. “The level and quality of demand we’re seeing in Miami Beach is as strong as it’s ever been and we are already talking with some of the most exciting businesses and retailers in the market. Now that Eighteen Sunset is coming out of the ground and our financing is in place, we expect the building to be filled in short order.”
Situated between Purdy Avenue and Bay Road, overlooking Biscayne Bay and Maurice Gibb Park, Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail, fitness, and dining destinations.
The penthouse is listed with Oren Alexander of Douglas Elliman, the retail leasing is overseen by Sara Wolfe of Koniver Stern and Stephen Rutchik of Colliers International is overseeing the office leasing.
Renderings via Eighteen Sunset
Fortune International Group and KAR Properties secured an $817 million TYKO Capital construction loan for Faena Residences Miami on the Miami River, with completion expected in early 2030.