Mast Capital And Cipriani Host Lavish Riverfront Launch Soirée For Cipriani Residences Miami

On April 5th, Mast Capital and Cipriani joined together to host a launch soirée for Cipriani Residences Miami, a new ultra-luxury condominium in Miami’s Brickell neighborhood. The event was held at Cipriani Downtown, capturing the essence of the brand recognized for its distinguished style, world-class service and four generations of history and tradition. During the event, the visionaries behind the development, Camilo Miguel, Jr., the CEO of Mast Capital, Bernardo Fort-Brescia, the founding principal of Arquitectonica, and Giuseppe Cipriani, CEO of Cipriani, addressed the crowd.

Designed by award-winning firm Arquitectonica, Cipriani Residences Miami will deliver an unprecedented residential lifestyle withone- to four-bedroom residences, priced from $1.1 million. The tower will rise 80 stories on Miami’s rapidly growing skyline, offering panoramic views of the city, Biscayne Bay and Simpson Park. Among the most intriguing components of Cipriani Residences Miami will be the resident-only dining experiences, where residents will have exclusive access to dining services by Cipriani. The development will also feature a wide array of hotel-like amenities and services, including an elevated resort-style deck with two swimming pools, cabanas and a sun terrace, as well as towel and poolside food and beverage services.

Cipriani Residences Miami is located at 1420 South Miami Avenue. The building is expected to complete at the end of 2025.

Images via World Red Eye

Baccarat Residences Miami Crystalizes True Potential of Brickell Skyline

Miami's Brickell neighborhood, dubbed in the early 1900s as Miami’s Millionaire’s Row, evolved to become a banking center headquarters in the 1980s and has transformed once again into an effervescent hub of luxury shopping, culinary excellence and opulent living. Now known as the “Manhattan of the South,” Brickell is both the city’s most exciting community and a premier hub for international finance in the United States.

This transformation happened in a matter of years, with an overall population growth of over 50% since 2000. While many point to the pandemic-era migration as the main catalyst for this rapid growth, the entrance of world-class lifestyle destinations, such as Brickell City Centre, and an influx of exclusive luxury properties such as Baccarat Residences Miami, have steadily positioned the neighborhood as one of the most desirable in all of South Florida. 

In addition to ample lifestyle options, the area’s density and proximity to public transit have also made it one of the state’s most walkable communities, with easy access to the Metromover, the newly inaugurated Underline, and a network of pedestrian and cycling paths. This has led to the area being recognized as the best place to live in Miami for the second year straight. 

The transformation of Brickell has made national headlines, with leading publications like Forbes and the Wall Street Journal reporting on the unprecedented residential demand. At the same time, social channels are flooded with images of residents and visitors alike who have become a grassroots marketing force for the community.  

“Brickell residents live surrounded by striking art, a diverse array of world-class dining experiences, and Florida’s finest retail shopping,” said Jon Paul Pérez, President of leading developer Related Group. “It’s proof that neighborhoods really can change from being purely office-driven to true live-work-play communities.” 

Brickell’s momentum shows no signs of slowing. Transplants continue to arrive from around the world driving residential demand to an all-time high. Data from the Miami Association of Realtors and the National Association of Realtors reveals that, from August 2020 to July 2021, foreign buyers purchased $5.1 billion worth of residential properties in South Florida. 

Developers are meeting this increased demand with several new marquee projects such as the ultraluxe Baccarat Residences Miami. The result of a partnership with legendary French crystal maker Baccarat, the renowned Related Group and visionary SH Hotels & Resorts, the 75-story high-rise will sit at the gateway to Brickell, on one of the last remaining waterfront sites where the Miami River meets Biscayne Bay. 

“Our buyers are more discerning than ever,” added Pérez. “With this in mind, we’ve taken out all of the stops and really focused on making Baccarat Residences Miami, and our new generation of condominiums, the most luxurious we’ve ever built.” 

Crafted by the world’s preeminent architects and designers – including Arquitectonica, Meyer Davis and Enzo Enea – the property will feature 318 tower residences, eight penthouses and an exclusive selection of 28 riverfront flats and duplexes. All homes offer spectacular views and expansive interiors expertly crafted to feel luxurious yet supremely comfortable. Residents will enjoy a host of five-star amenities throughout five levels of the tower expertly managed by SH Hotels & Resorts, and brilliantly executed to include stunning social areas and clubrooms, wine cellar, screening room, billiards, Anatomy fitness center, La Mer hammam spa, elevated pool deck and pool side café, riverside restaurant, residents’ yacht, and the 39th level Baccarat Lounge. The on-site property offerings are complemented with the Beach Club membership to the 1 Hotel South Beach, SH Hotels & Resorts sister property.   

“Our entire team, and family, couldn't be more pleased with the way this neighborhood has evolved,” said Pérez. “The best part is it’s still just beginning. When these projects are all done and people are living here full-time, we’ll see Brickell’s personality continue to grow and evolve. It’s incredibly exciting.” 

For more information about the property, please visit: www.BaccaratResidencesMiami.com.

Fort Partners Pays Off $210 Million Construction Loan at Four Seasons Fort Lauderdale

Miami-based development firm Fort Partners has today announced that the $210 million construction loan for the Kobi Karp-designed Four Seasons Hotel and Private Residences Fort Lauderdale has been paid off. The loan, financed by Madison Realty Capital, became the largest residential construction loan in Fort Lauderdale history when it closed in 2019, and still holds that title today.

“With the opening of the hotel, closings well underway and only a handful of residences remaining for sale, we are incredibly proud of our team at Four Seasons Fort Lauderdale,” said Nadim Ashi, Founder of Fort Partners. “Paying off this construction loan is a very important milestone for us, and comes just as the project is debuting to the world for the first time.”

Four Seasons Fort Lauderdale features 148 guest rooms and 83 residences ranging in size from one- to four-bedrooms, with each residence offering expansive living spaces and generous outdoor terraces overlooking the Atlantic Ocean and Intracoastal Waterway. The hotel celebrated its official opening earlier this month, and residents began moving in shortly thereafter. Sales have been incredibly strong at the development, and now there are only three residences left for sale. Current availability is priced from $4.6 million.

"The pace in which we were able to achieve near sellout and pay off Fort Lauderdale’s largest construction loan in history is unprecedented for the area," added Ramzi Achi, Principal of Fort Partners. “Four Seasons Fort Lauderdale is a first-of-its-kind luxury development, and it’s been gratifying to see buyers recognize this tremendous value.”

Images via Rich Stapleton

El-Ad National Properties Breaks Ground On ALINA Residences Phase Two In Boca Raton

El-Ad National Properties, an Elad Group company, has broken ground on phase two of ALINA Residences, a world-class residential destination in the heart of Boca Raton. Phase two includes two nine-story residential buildings (ALINA 210 and ALINA 220) and will complete the entire project.

At the groundbreaking ceremony, El-Ad National CEO Noam Ziv announced that phase two of ALINA Residences is already 40% sold. Phase two construction is slated to be completed by Q3 2024. Phase one construction was completed in March 2021.

“Following the success of ALINA Residences’ phase one, it is extremely exciting to break ground on phase two with it already being 40% sold.” said Ziv. “We believe this early sales activity is a reflection of the marketplace recognizing ALINA as a truly unique residential destination. We continue to be proud to be a part of Boca Raton’s emerging downtown scene.”

In attendance of an exclusive groundbreaking event were El-Ad National CEO Noam Ziv, Boca Raton Mayor Scott Singer, Boca Raton Deputy Mayor Andrea Levine O'Rourke, Boca Raton CRA Chair Monica Mayotte, Boca Raton Council Member Yvette Drucker, Boca Raton CRA Vice Chair Andy Thomson, Douglas Elliman Florida CEO Jay Phillip Parker, Moss Construction Chairman and Founder Bob Moss and other local dignitaries.

The centerpiece of ALINA Residences, ALINA 210 will stand nine stories tall and feature 30 exquisite corner residences. With a maximum of four residences per floor, ALINA 210 will offer residences with three to four bedrooms with den floor plans. Ranging in size from approximately 3,300 to 5,400 square feet, the ALINA 210 residences’ pricing starts at $3.5 million. ALINA 210’s suite of thoughtfully curated amenities will be exclusive to the 30 residences.

With 152 residences, ALINA 220 will be the most similar building to phase one (ALINA 200) with a great emphasis on European-designed kitchens, rain showered bathrooms, and elegant organic craftsmanship throughout. The residential building will include a wide array of one- to four-bedroom with den floor plans, ranging in sizes from 1,400–5,400 square feet and pricing from $1.7 million to over $8 million.

Phase two will add an extra two acres of private outdoor amenity space to ALINA. All ALINA residents enjoy spectacular amenities such as his and hers spa facilities with dry saunas, steam rooms, treatment rooms and relaxation rooms; state-of-the-art fitness centers, multiple rooftop swimming pools with private cabanas, fire pits, dedicated yoga areas, highly appointed club rooms, two dog parks and more.

Douglas Elliman Development Marketing is the exclusive sales team for ALINA Residences.

ALINA Residences, located at 200 Southeast Mizner Blvd., Boca Raton, FL 33432, is tucked between the manicured green fairways of The Boca Raton and Southeast Mizner Boulevard. It offers premier access to nearby shopping, dining, and cultural destinations.

Renderings via ALINA Residences

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

Former Bridgewater Associates CTO Buys AKAI Estates Residence For $8 Million In Southwest Ranches

Prasad Hedge has joined bigwig investors migrating to South Florida from Connecticut. Hedge, who was previously a CTO with Bridgewater Associates, a premier asset management firm owned by Founder and Co-Chief Investment Officer Ray Dalio, purchased an estate in Southwest Ranches Akai Estates for $8 million. Hedge is currently COO at 777 Partners, the Miami based private investment firm which is deeply involved in international sports teams and league investment. 777 Partnes has more than $3 billion in assets under management with several high-profile investments in international soccer including La Liga’s Sevilla FC, Genoa C.F.C., the Brazilian club Vasco de Game and Belgian club Standard Liège.

“When moving my family from Connecticut, we were seeking a new, modern designed single-family community. Ideally, we wanted a home within close proximity to both Miami and Fort Lauderdale. It was also important for us to be near top ranked schools. We have been working with design consultants and architects at AKAI Estates, and the process has been seamless,” said Prasad Hedge.

This sale is proof of the luxury buyers and wealthy execs continuing to bet big in South Florida. More specifically, sights are set on Southwest Ranches, a neighborhood that has seen an influx of these wealthy buyers. Hedge chose to move his family from Connecticut to AKAI Estates in Southwest Ranches in order to have a luxury single family home, while not sacrificing space or land. AKAI Estates is a luxury pre-construction single family estate community with two acre lots per home. Southwest Ranches has historically appealed to wealthy execs and business leaders looking for sprawling estates and exclusivity, keeping close proximity to Miami at just 15 miles away.

Located within the estate community, the impressive bright and airy home will be situated on a two-acre lot. It features six bedrooms and eight and a half bathrooms within two floors of open space. The model selected by Hedge includes two sundeck pavilions, one that leads to the glass-walled home gym, with a custom sunken living room and firepit. The home’s upscale summer kitchen boasts appliances by Miele. The home’s dazzling 2,343 square-foot infinity-edge pool is ideal for entertaining, surrounded by lush landscaping as well as a private sports court. The home also offers indoor entertainment with a theater space. With conceptual design by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates, the home beautifully merges indoor and outdoor living spaces.

“As a response to the single-family home shortage in South Florida, AKAI Estates is delivering 16 signature luxury estates tucked away in one of South Florida’s most sought-after residential havens, Southwest Ranches. As part of a prestigious suburban landscape, the 44-acre community offers five distinct residential floor plans, each delivered on two acres of private property which makes AKAI even more unique,” said Alex Yokana, Developer of AKAI Estates.

AKAI Estates is a collection of 16 signature luxury homes tucked away in Southwest Ranches, one of South Florida’s most sought-after residential havens. The 44-acre property offers 5 distinct residences to choose from, each delivered with two acres of private property. AKAI Estates is being developed by Alex Yokana, Jairo Vela, and Amos and Michael Sochaczevski. Bento Queiroz Team under Compass is the exclusive sales team for the development.

Check Out The Most Expensive Penthouse In Coral Gables Listed For $14.9 Million At Villa Valencia

A wellness escape in the sky, this upper penthouse at Villa Valencia is expected to shatter records once sold. It’s currently the most expensive condo listed in Coral Gables at $14.9 million. The building holds the record for most expensive condo sale of the lower penthouse for $6.5M. Villa Valencia is being developed by Location Ventures and will deliver early this year.

Designed with wellness in mind, the ultra-luxury penthouse is a full floor four-bedroom, five and a half-bathroom residence, with office and den. In addition to the typical features that make for life in the lap of luxury such as rain showers, Wolf appliances, Brizo fixtures and more, the most unique aspect of this residence is its more than 4,000 SF of outdoor space, complete with a summer kitchen, bar and dining area, buyer’s option plunge pool and meditation space. A product of the pandemic, an expansive, and highly functional outdoor terrace for condo buyers is the new necessity. Further aiding in residents’ health, high-tech air and water filtration, via the Delos DARWIN system.

Each residence interior at Villa Valencia will showcase a private foyer and elevator entry, complete with superior finishes, including European flooring, 10-foot exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops. On the outside, the façade features a modern take of Coral Gables’ signature Mediterranean architecture style, designed by Hamed Rodriguez Architects.

In the boutique building, residents can enjoy an amenity portfolio that leaves no stone unturned. The wellness program includes a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, alongside a state-of-the-art fitness facility with areas for yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall is complemented by two summer kitchens and spacious sunbeds for relaxation. A dinner party can be hosted in the Cucina, while a game night can take place in the lively entertainment room, followed by movies in the theater. An executive room with video conferencing allows professionals to work from home with ease. It overlooks the adjacent park, whose grassy field features a large sculpture and water features. Nearby a dog run is perfect for pet lovers.

For residents looking for additional private space, poolside cabanas and private garages are also available for purchase.

Villa Valencia is also pursuing a National Green Building Standard certification, along with bespoke residence services such as closet organization, physician-led health evaluations, acupuncture, dietician-led consultations and more via its Elevate Wellness brochure.

Located in the heart of the City Beautiful, the building has direct access to Miami International Airport and is blocks from Miracle Mile. The Greater Miami Area is a rapidly expanding economic hub, and Coral Gables alone is home to 20 consulates and 140 multinational corporations. It is an ideal community with “Class A” office space, top private and public schools and universities, country clubs, golf courses and world-class culture – all within steps to Villa Valencia.

Bentley Motors And Dezer Development Reveal New Renderings of Bentley Residences Miami

Bentley Motors, in collaboration with Dezer Development, has revealed new renderings of Bentley Residences Miami showcasing the stunning views and lavish interiors at the ultra-luxury waterfront development coming to Sunny Isles Beach. Bentley Residences Miami is first Bentley-branded residential tower in the world. Setting an entirely new standard for luxury living, these two pioneering industry brands have joined forces for one of the most revolutionary, highly-anticipated partnerships in the world of luxury and hospitality. Dezer Development is led by Gil Dezer and has been one of the most active developers transforming the Sunny Isles Beach skyline.

Bentley Residences Miami will feature 216 exquisitely finished residential units, each embracing an exquisite balance of indoor/outdoor living. Pricing starts at $4.2 million and every unit will encompass an individual balcony swimming pool, unobstructed seascapes, and floor-to-ceiling glass windows seamlessly implemented throughout.

Bentley Residences, set to debut in Sunny Isles Beach in 2026, marks the world’s very first Bentley branded luxury residential property. Conceptualized by top U.S property developer, Dezer Development, designed by the world-renowned architectural firm Sieger Suarez Architects - known for their work on Dezer Development’s Porsche Design Tower and Residences by Armani/Casa the tower will feature uninterrupted views of the ocean and waterways, bringing the beauty of the outdoors into each new home.

The Bentley design team is collaborating with Dezer on the interior and exterior architecture of the building, translating Bentley’s luxury design to the residential experience. Built with luxury car owners in mind, each residence will include an in-unit multi-car garage and a patented car Dezervator alongside all the most desirable luxury amenities and world-class services. Designed by world-renowned architectural firm, Sieger Suarez Architects, the luxury residential tower is designed to appeal to Bentley’s and Dezer Development’s most discerning customers.

Bentley Residences Miami’s 12,000 sqft. sales gallery will unveil in April 2022, giving buyers a first-hand glimpse of the private beachfront enclave that will encompass a one-of-a-kind collection of residences. Poised to be nothing short of extraordinary, the sales gallery will feature an actual full-size 6,000 sqft. model unit replica within, establishing this particular sales gallery as the first of its kind for brokers and potential buyers. The Bentley Residences sales gallery will be located at 18325 Collins Avenue.

East Unit

West Unit

Amenities

Exterior

Renderings via Bentley Residences Miami

For more information about Bentley Residences Miami, private showings or purchasing/ leasing information please fill out the form below:

Naftali Group Acquires Miami Worldcenter Development Site For $41 Million, Plans Two Supertall Residential Towers

The New York-based developer Naftali Group has acquired a development site at 1016 NE 2nd Ave. in Downtown Miami’s Miami Worldcenter for $41 million and is planning two supertall residential towers. The site was acquired in partnership with Cara Real Estate Management. The seller was the Chicago-based Akara Partners who acquired the site for $18.8 million in July 2020. The off-market transaction was overseen by Mika Mattingly of Colliers Urban Core Division. The site previously served as the sales center for PARAMOUNT Miami Worldcenter.

Naftali Group, led by Chairman and CEO Miki Naftali, is now planning two supertall residential towers which they aim to begin pre-sales for by the end of 2022. The project would be their first in South Florida. Akara Partners had previously planned Kenect Miami at the site, a Perkins + Will and Stantec-designed mixed-use residential two tower development. A project of up to 1.3 million square feet can be developed on the 44,500 square foot site.

Miami Worldcenter occupies ten city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

Sabal Development Sells 10-Acre Parcel To Lennar Homes For $24.5 Million In Off-Market Transaction

Sabal Development, a Miami-based builder and developer who specializes in luxury custom homes led by Pascal Nicolai, has sold a 433,422 SF, 10.17-acre, parcel located at 8290 SW 120th Street in Miami, Florida for $24.5 million to Lennar Homes. The off-market transaction closed on March 23, 2022 with no listing agents involved.

Sabal Development purchased the parcel for $6.3 million on January 26, 2015. Sabal originally requested to rezone the site to build 20 single-family homes in a community known as Veridian Grove. Following the new Comprehensive Development Master Plan (CDMP), Sabal requested to rezone the site to permit 34 townhomes and 20 homes.

“We are thrilled to sell this special 10-acre Miami parcel for $24.5 million to Lennar Homes, who will make our vision for the community come to life,” said Nicolai.

Sabal Development and Sabal Luxury Builder achieved over $130 million sales in custom-built home sales in 2021.

Rendering via Sabal Development

Miami Worldcenter Completes Major Milestones Including 50K SF of Retail And 43-Story Bezel Tower

Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space, and a 922-space public parking garage fronting Northeast 7th Street, between Northeast 1st and 2nd Avenues. A portion of the structure’s rooftop is also home to a resort-style amenity deck serving Bezel Miami, a newly delivered 43-story luxury rental tower developed next door by ZOM Living.

As the largest private, urban development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. The project is being developed by master developers Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, in partnership with CIM Group.

“When we envisioned Miami Worldcenter more than a decade ago, we pictured a Downtown Miami where people could walk, ride a bike, push a stroller, get on public transportation or drive a car, and as more of our developments continue to deliver, we’re seeing that vision come to life,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Miami Worldcenter is at the confluence of arts, culture, entertainment, transportation and education, and I believe this is just the beginning of Downtown’s evolution into a fully integrated community.”

Approximately 176,000 square feet of retail space has now been completed at Miami Worldcenter, with another 124,000 square feet remaining under construction and slated to deliver by the end of the year. The development’s enticing lineup of recently announced tenants includes Chicago’s Maple & Ash and etta restaurants, Miami chef Michael Beltran’s Brasserie Laurel and El Vecino, Bowlero, Sephora, and Lucid Motors.

“Each development milestone is an important achievement for Miami Worldcenter and our development team. This is a dynamic, multifaceted project that benefits visually from a variety of architectural styles, interwoven streets, plazas and gathering spaces; creates a connected community and an engaging experience for all,” said Shaul Kuba, Co-Founder and Principal, CIM Group.

Bezel Miami becomes the latest residential development to be completed at Miami Worldcenter, joining other completed towers including the 60-story Paramount Miami Worldcenter, and the 43-story Caoba luxury apartment building. Coming up, a 351-room citizenM hotel is expected to open at Miami Worldcenter in the Spring. Additionally, construction is now underway at New York-based developer Lalezarian’s 52-story Miami World Tower, which will comprise 550 multifamily apartment units; at Royal Palm Companies’ Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; and at the second phase of Caoba, which will encompass a 40-story tower with 420 multifamily apartments.

Planned residential developments include Kenect, a hospitality-oriented apartment tower with 450 multifamily units by Chicago-based Akara Partners; and The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures. The Witkoff Group is also planning a three-tower mixed-use project at Miami Worldcenter, which will include up to 2,000 residential units, 550,000 square feet of office space and 50,000 square feet of retail.

Complementing Miami Worldcenter’s open-air retail will be World Square, a 20,000-square-foot public plaza and park. Designed as a central gathering place and outdoor event space, World Square will serve as the heartbeat of the city-within-a-city featuring an abundance of shade trees, works of art by local and international artists, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.

Miami Worldcenter occupies ten city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.