Fueled by Miami's Growing Tech Sector, Wynwood's Luxury Residential Market Continues to Skyrocket

As tech companies and financial institutions flock to the graffiti-soaked streets of the Wynwood Arts District, Miami’s cultural and creative capital is swiftly becoming the city’s tech epicenter — and that’s having a profound impact on luxury residential sales, including several record-breaking transactions.

The former warehouse district turned canvas for contemporary street art is now home to some of the country’s most innovative companies, including Spotify, Live Nation, PwC and venture capital firms Founders Fund and Atomic — all of which recently opened offices in Wynwood.

“Wynwood is the destination of choice for relocating tech and finance firms and their respective talent, many of whom are looking to put down roots in Miami,” said Nick Pérez, Senior Vice President for real estate powerhouse, Related Group. “It’s undoubtedly become one of the most sought-after neighborhoods in what is already a white-hot residential real estate market.”

As a neighborhood pioneer, Related was the first residential developer to enter Wynwood, delivering the neighborhood’s first newly-built residential property, Wynwood 25. With its 2019 opening, Related kicked off a wave of development that has since transformed the area into one of the hottest residential markets in the country. Related alone has a total portfolio, including units completed and under development, of more than 1,250 luxury rental apartments in Wynwood, with practically zero vacancies.

Now, the developer is betting big on the future of Wynwood’s luxury condominium market. Earlier this year, Related, in partnership with New York-based developer Tricap, introduced the NoMad Residences Wynwood, the first hospitality-infused condominium in the area. As the first residential concept from the global hospitality icon, NoMad Hotels, the property is seeing significant demand from buyers. In fact, the developer reports having signed contracts on more than 50% of the homes, including a unit at roughly $2,000 per square foot, shattering neighborhood price records.

“Many in the industry thought we had lost touch when they saw how much we were investing in the area,” adds Pérez. “Fortunately, our bet paid off big and today we’re the single most active developer in the area. Much like we did with our rental projects, we hope to set an example that other condo developers can follow. Not only are we delivering a high-quality product that buyers can be proud to call home, but doing so in a way that is authentic to Wynwood.”

Designed in collaboration with globally-renowned partners DesignAgency and Arquitectonica, the nine-story NoMad Residences Wynwood offers 329 turnkey condominium homes. Layouts range from studios to two bedrooms, each featuring floor-to-ceiling windows and private balconies. All units will come fully furnished, with packages thoughtfully curated by DesignAgency.

Developed with no rental restrictions, buyers will also have the option to rent their units to guests for any length of time. An expert in-house property management team will spearhead check-in and check-out and assist unit owners with the overall process.

Surrounding the property is a vibrant, walkable community that boasts over 70 art galleries, luxury boutiques, seven Michelin-star and many five-star restaurants, and the world-famous Wynwood Walls. Much like how NoMad New York helped transform Manhattan’s North of Madison enclave into one of the city’s most in-demand neighborhoods, Related and NoMad anticipate this new property will contribute to Wynwood’s impending growth.

At the heart of this promise is the property’s best-in-class food and beverage offerings, which will be open to the public and include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, VP of Food and Beverage at Sydell Group and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park. On NoMad Wynwood’s ground floor, residents and the community will be able to enjoy a Casa Tua Cucina, an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare.

In addition to the showstopping eatery and bar, the development offers a full suite of resort-style amenities, including an expansive rooftop lounge with striking panoramic views of downtown Miami, a fully serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more.

Additional on-site highlights include an outdoor theater with a seating lawn and grilling area, 24/7 valet service, and museum-quality art handpicked from the Jorge M. Pérez Collection.

NoMad Residences Wynwood has achieved several important construction milestones, including the application for permits after the building’s plans were approved by the Urban Development Review Board. The sales team has also begun converting reservations to contracts.

Pricing for NoMad Wynwood’s available units begins at $600,000. For more information or to arrange a private tour of the sales gallery, please visit nomadwynwood.com or call (786) 437-3355.

FIVE PARK UNVEILS PLANS FOR FIRST RESIDENTS-ONLY MEMBERS CLUB

Terra and GFO Investment’s Five Park, the newest luxury residential tower rising in Miami Beach, reveals plans for the first residents-only, fully serviced social club within a luxury condominium. The Canopy Club features a social amenity package rooted in cultural programming, wellness and elevated culinary offerings.

“Five Park’s Canopy Club represents a new standard of luxury and exclusivity in Miami Beach,” says David Martin, CEO of Terra. “We developed a selection of amenities that enhance quality of life, wellness, culture and connectivity. Five Park residents will make their homes within a building that embodies a complete living, breathing ecosystem, offering dynamic spaces and creative programming to their doorsteps.”

Helmed by a world-renowned team of visionaries, Five Park sets a new precedent for Miami Beach lifestyle, unveiling 50,000 square feet of in-house amenities and a three-acre park outside. Perched on the 26th floor, the Canopy Club spans 40,000 square feet of social spaces, which include a private dining room, jewel box bar and lounge, living rooms, library, den, outdoor terraces, wellness and fitness areas. Additionally, residents have their own stretch of the beach just a couple of blocks away at the Five Park private beach club. Located on South of Fifth, the outdoor club unveils a branded, exclusive section with lounge chairs, umbrellas and food and beverage service.

“Miami has become a mecca for luxury,” says Cathy Strafaci, executive vice president and managing director of Douglas Elliman. “As the luxury condominium landscape continues to evolve, so are the buyer standards for elevated lifestyle and exclusivity.”

Canopy Club features a dedicated club-level concierge and robust programming. From white glove attention, to wellness, dynamic leisure areas and the finest dining, the Club allows residents to live, work, play and entertain their guests in a variety of spaces suited to every mood. Members will be able to take full advantage of the Canopy Club’s Specialty Dining and Beverage Program, a seasonal dining experience curated by renowned chefs, set in the exclusive jewel box bar and dining room. The Club also includes state-of-the-art wellness areas and a signature spa with in-house personal trainer and wellness coach, private training areas, amid spectacular bay and ocean views.

Michelin Starred Chef Michael Beltran's Ariete Hospitality Group Set To Open First Restaurant In Miami Worldcenter November 28

Buckle-up Miami, after nearly a decade of construction, Downtown Miami’s new $4 billion, 27-acre Miami Worldcenter mixed-use development, will welcome its first tenant on November 28 when Michelin Starred Chef Michael Beltran’s Ariete Hospitality Group (AHG) opens Brasserie Laurel. Brasserie Laurel will deliver upscale French-inspired Miami cuisine with a focus on local, seasonal ingredients and will provide a wide array of table-side service for some of their signature dishes. The quality of food preparation and service will be at the levels of Ariete where it is no secret that the drive is to deliver world-class hospitality and maintain the highest of standards.

Miami Worldcenter, which is currently coming alive in phases, 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. Brasserie Laurel will join other recently announced tenants slated to open at Miami Worldcenter over the next year such as Sephora, lululemon, Savage x Fenty, Ray-Ban, Posman Books and Lucid Motors, as well as dining and entertainment concepts Bowlero, Sports & Social, and Chicago’s Maple & Ash and etta restaurants.

AHG is known for their growing family of restaurants and bars including Ariete (Michelin Star), Navé (Michelin Guide mention), Chug’s (Bib Gourmand recipient) and The Taurus all in Coconut Grove; The ScapeGoat in Miami Beach, and most recently The Gibson Room on Coral Way.

“We see Laurel as Ariete’s younger sister, and if I had to share one thing about the ideology behind this menu, it would be that it’s a new approach to French brasserie food. Think Frank Sinatra, Dizzy Gillespie, La Tour d’Argent in Paris. Music will be swanky; food will be refined, but unpretentious, and wine and cocktails will be plentiful,” said Chef Michael Beltran.

At the helm of the kitchen is Executive Chef Ashley Moncada, formerly Chef de Cuisine at Ariete, bringing in 8+ years of experience in the industry and who has been until most recently, an integral part of the Michelin awarded team at Ariete. Having worked in France, Australia, New Zealand, UK, and South Africa, Chef Ashley, at her young age, has gained world experience, from shopping and preparing fresh produce in the French Alps, to cooking in an African game reserve, her skills will certainly be an asset, and the driving force behind the brasserie’s kitchen.

From escargots, frog legs, and beef Wellington to crêpes Suzette, you will find these classic French dishes accompanied by full-bodied red Bordeaux, crisp Champagne, refreshing Sauternes, among other pairings. “The wine offering is unequivocally French, but not exclusively; you will also be able to find some Spanish and Italians among Old World style wines available at Laurel,” commented AHG Wine Director, Adrian Lopez.

The cocktail program embodies a theme that runs throughout AHG: reworking the classics in a way that no one else has, a way that makes them uniquely their own; it’s a signature style of AHG Beverage Director, Tom Lasher-Walker. Taking ingredients, in their purest form and transforming them into delectable cocktails, is unquestionably the epitome of fine drink making.

“My philosophy is always to bring inspiration from the classics and creating perfectly balanced beverages, those are the styles that will stand the test of time,” mentioned Walker. From two versions of the House Stinger (vodka or cognac), a Miami and French inspired - Beneath the Sheets- with aged rum and pineapple, to a late 1800’s beverage known as the Corpse Reviver Royal with gin, bubbles, and absinthe; and if absinthe hadn’t made enough of a come- back, then Brasserie Laurel will make sure to bring it back in style. The absinthe fountain, while not a novel contraption, will certainly be an entertaining element that you will find behind their bar.

Brasserie Laurel’s interior is inviting and elegant, yet youthful and incorporates a touch of classic French aesthetic. The dark wood, gold, and deep blue elements give it a polished and vibrant look that showcases the quality and finesse of the dining experience.

“Our team is thrilled to welcome our first restaurateur, Brasserie Laurel, to Miami Worldcenter. Ariete Hospitality Group exemplifies the quality of tenants and the experience we are curating for Miami Worldcenter’s residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing life to the retail, food and beverage, and entertainment components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination, and we look forward to the group’s additional concepts slated to open soon.”

Laurel is located at 698 NE 1st Avenue Suite G-170 at the base of Miami Worldcenter’s Caoba residential tower along the development’s 7th Street pedestrian promenade. Also debuting at Miami Worldcenter over the coming months, adjacent to Laurel, will be two other AHG’s concepts, Chug’s Express and El Vecino. The ‘ventanita’ from Chug’s Express will serve Chug’s Diner favorites such as croquetas, pastelitos, and coffee from 8 a.m. to 4 p.m. Meanwhile, El Vecino will be a high-end first-class cigar bar serving a full liquor bar and light fare such as mussels, an assortment of meat and cheese, a grúyere burger, foie torchon, and a selection of snacks.

Miami Worldcenter is a new $4 billion mixed-use destination in the heart of Downtown Miami. As one of the largest private urban real estate developments currently underway in the United States, the project occupies 27 acres spanning ten city blocks and offers world-class retail, hospitality, commercial office and residential uses. Several phases of the project have already been completed and occupied, including three residential towers and a significant portion of the retail component, with a hospitality development slated to open by the end of 2022. 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.

Images via FujiFilmGirl

Boutique Luxury Condominium Tal Aventura Launches Sales

2151 Development Group and 2020 Acquisitions have launched sales for Tal Aventura, a boutique residential building redefining luxury living in Aventura. Located waterside in the heart of the city, Tal Aventura will deliver an exquisite collection of 86 residences ranging from two to five bedrooms, plus a selection of customizable lanai and penthouse residences, with unobstructed views of Maule Lake. Set to break ground in Q4 2023 with completion expected in 2025, residence pricing ranges from $1.4M to $9.9M.

“Tal Aventura sets a new standard for luxury in Aventura, there is nothing else like it,” said Matthew Rosenblatt, founder of 2151 Development Group. “We envisioned condo residences that feel like a single-family home, with ample space in an incredible location–while delivering active amenities that cater to a lifestyle rooted in community and convenience. The result is a residential offering that addresses the area’s needs and transcends expectations.”

With architecture and interiors imagined by internationally acclaimed IDEA Architects and IDDI, the 26-story building will reflect timeless elegance with elevated, functional design. Spanning from 1,245 square feet to 6,200 square feet, residences showcase outdoor living spaces and private elevator entry–with the majority featuring 4+ bedrooms–emulating a home in the sky.

Each elegantly appointed residence is meticulously designed to maximize space and create a seamless indoor/outdoor living experience with sweeping floor-to-ceiling windows/doors and sprawling terraces reaching over 3,000 square feet–overlooking soaring lake, ocean and city skyline views. Refined interior finishes include Italian porcelain flooring, custom gourmet kitchens by Italkraft with stacked double ovens and dual sinks on a 14-foot quartz island, while oversized bathrooms showcase Italkraft vanities.

“Tal Aventura stands alone as the only new development in the neighborhood addressing a need for product that caters to families seeking single family home layouts with a seamless resort-style living experience,” said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “With its prime location and unmatched amenities, buyers are presented with a transformative project that we are proud to bring to the market.”

Residents will enjoy an enviable host of luxury, family-focused amenities and green spaces spanning across 50,000+ square feet. Thoughtfully curated spaces include a resort-style pool with cabanas, children’s splash pad, playground, outdoor theater, lounge, BBQ area, miniature golf, basketball and pickleball court, all surrounded by lush tropical landscaping and gardens. Wellness offerings include a spa, sauna, treatment rooms, and state-of-the-art fitness center, while social areas include a private dining room with a terrace and custom wine wall, coworking lounge and conference room, a children’s playroom, entertainment lounge, yoga studio, golf simulator and pet spa. Dedicated staff including concierge, doorman and valet is available around the clock to assist residents.

Located at 2785 NE 183rd Street east of Biscayne Blvd, residents can enjoy expansive, unobstructed views of Maule Lake from every home, top-rated schools, fine-dining with kosher options, houses of worship and boutique shopping experiences, all within walking distance.

Tal Aventura’s sales gallery is expected to launch before the end of the year. Sales and marketing is managed exclusively by Douglas Elliman.

Shahab Karmely and Edgardo Defortuna To Co-Develop One River Point On The Miami River

Following their mutual success with 2000 Ocean, where Fortune International Group handled the sales and marketing, and Brickell City Center’s Reach & Rise residential sell out, New York developer, Shahab Karmely of KAR Properties and Miami Developer Edgardo Defortuna of Fortune International Group, have announced that they will co-develop One River Point in partnership with each-other.

Together with their new entity, One River Point Partners, LLC the pair purchased the site from the original entity of One River Point paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.

The fully approved One River Point project, designed by the star architect, Rafael Viñoly, is currently being adapted to today’s market and lifestyles. The developers are putting together the final touches on the personality and lifestyle components of the property and plan to take it to the market in 2023.

Defortuna cited his past success with Karmely and the unique prospect of co-developing a waterfront site in one of Miami’s prime neighborhoods to be a rare opportunity and the driving force behind the decision.

“We remain extremely bullish on the market and on the future of the Miami River. South Florida is one of the top living destinations attracting people from all over the world and waterfront living is the apex of the Miami luxury lifestyle,” said Edgardo Defortuna, President and CEO of Fortune International Group.

“Following up on our achievements with Reach and Rise at Brickell City Centre project and our continued collaboration of sales and marketing on 2000 Ocean, we are happy to announce the next phase of our business relationship” said Karmely. “I’ve always maintained that the Miami River’s setting, location and views had the same potential as London’s River Thames, Paris’ Seine or Tokyo’s Sumida River where residents enjoy the best of waterfront cosmopolitan living. Edgardo and I are excited to realize the original vision and fine tune the details to take this project to the next level together,” he added.

One River Point, is internationally-acclaimed Rafael Viñoly’s first residential project in Miami. The Uruguayan architect and founding principal of Rafael Viñoly Architects has a diverse portfolio of award-winning projects spanning the globe, from museums and performing arts centers to hotel and residential complexes, throughout his 45 years of architectural practice, Rafael Viñoly is credited for his design originality in landmark projects and inspiring architecture. His achievements include New York’s 432 Park, The Cleveland Museum of Art, Tokyo International Forum and Battersea Power Station, which has effectively transformed riverfront living in the heart of London.

Brightline Gives A Sneak Peak Preview At The Nearly Completed Aventura Station

On November 2, 2022, Brightline, the only provider of modern, eco-friendly, intercity rail in America, along with Miami-Dade County Commissioner Sally Heyman and City of Aventura Mayor Enid Weisman held a first look of the future Aventura station, which is set to open in weeks. County and city officials were joined by members of the media and the Citizens’ Independent Transportation Trust (CITT) as some of the first to preview the Aventura Station.

The event began at 10 a.m. with brief remarks by Brightline’s president, Patrick Goddard, followed by Commissioner Heyman, Mayor Weisman and CITT Second Vice Chairman Robert Wolfarth. The remarks were followed by a tour of the station and concluded with media interviews. The group was joined by city officials from the City of Aventura including the incoming commissioners and mayor, Howard Weinberg.

Located across from Aventura Mall, Brightline’s Aventura station, platform and vertical towers feature 34,000 square feet of space and an 860-foot center loaded platform located within the Florida East Coast Railway and Brightline right-of-way.

Brightline will provide frequent, express service from the Aventura station to downtown Miami during the peak morning commute period and return service during the evening rush hour period. Trip time between downtown Miami and Aventura is expected to take about 17 minutes. Miami-Dade County will offer subsidized fares for a percentage of riders between Aventura and MiamiCentral.

The station will include its signature autonomous MRKT, SMART and PREMIUM lounges and Brightline+ services. After passing through security, Brightline passengers will be able to access the skybridge from the passenger lounge utilizing an elevator or escalators to the vertical transportation towers. Brightline has also started the design of its east bridge that will connect the platform to Aventura Mall.

The Aventura station has been designed to LEED (Leadership in Energy & Environmental Design) Silver criteria as part of Brightline’s goals to reduce contribution to global climate change, enhance individual human health and protect water resources. These LEED Silver station design features include a solar canopy and installation of electric charging vehicles to reduce emissions and encourage clean transportation, a careful selection of materials to increase healthy indoor spaces and smart technology to reduce water use.

The Brightline Aventura station will be located at 19796 West Dixie Highway, Miami, FL 33180.

STOCK Residences Reveals The Ritz-Carlton Residences, Naples

STOCK Residences has revealed The Ritz-Carlton Residences, Naples, an exclusive waterfront condominium, previously offered as One Naples, with direct access to beach, marina, and private park amenities. Comprising a collection of 128 beautifully appointed residences with water panoramas, the transformative, ultra-high-end project will be flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north, giving Owners unprecedented access to a myriad of waterfront amenities and services.

Uniquely forming an exclusive, six-acre coastal enclave, The Residences will feature a pair of 12-story boutique buildings known as the Tower Residences, which will overlook the Gulf and Lagoon; two mid-rise buildings called the Bay Residences, which will feature views of the Lagoon and an adjacent, 22-slip full-service marina; and a fifth mid-rise building called the Park Residences, which will be adjacent to a private, amenity-rich park.

With construction scheduled to begin in Q2 2023 and completion slated for Q2 2025, the design of The Residences involves a cadre of top visionaries: Curts Gaines Hall Jones (CGHJ) Architects, internationally renowned interior designer Cristian Pinedo of SUSURRUS, and landscape architectural firm Booth Design Group. Revered builder Suffolk Construction is the general contractor, while engineering will be spearheaded by J.R. Evans Engineering.

“This condominium project will truly redefine luxury waterfront living in Southwest Florida,” said Brian Stock, CEO of STOCK Development. “Buyers in the area cannot find this level of access to such an array of top-level amenities in a singular coastal setting. Here, everyday living will be punctuated by prime beach access with an inimitable connection to nature, a full-service marina, and a private park…complete with the attention to detail and legendary service of The Ritz-Carlton.”

The Naples market, long viewed as a top spot for luxury vacation homebuyers, has seen an unprecedented increase in demand over the course of the last five years and was ranked by U.S. News & World Report as Florida’s No. 1 place to live. This new offering has therefore been heavily anticipated for those well-heeled buyers seeking elevated living in the heart of one of the country’s most idyllic destinations.

“The Naples, Fla. market, with its unspoiled white sandy beaches and tranquil surroundings, has always been of great significance to our brand,” said Sarah Khalifa, VP, Mixed-Use Development, Marriott International. “We are committed to aligning ourselves with respected and reputable entities in the industry who are like-minded in their approach to each new endeavor -- devoted to tradition, excellence, ingenuity, and creating a legendary lifestyle. It was those natural synergies that led us to Stock Residences and the company’s vision for this project, which is poised to be a coastal haven.”

Prices for three, four, and five-bedroom residences start at $2.5 million. The exquisitely designed homes will feature expansive terraces -- each with glass railings and impact-resistant sliding glass doors -- as well as contemporary European-style kitchens and baths, Cambria quartz countertops, 10 to 12-foot ceilings, Wolf and Sub-Zero appliances, porcelain and wood floors, and private elevator entrances.

The Residences will be replete with an array of special amenities and services, such as an exclusive concierge, a marina at the gateway to the Gulf of Mexico with a dockmaster and gas service, and a lush, beautifully landscaped park with walking trails, a putting green, dog-walking area, and covered pavilions. The property will also boast The Vanderbilt Club -- a 28,000-square-foot club with a Grand Owner’s atrium and lobby lounge, private restaurant, business center and coffee lounge, state-of-the-art fitness center, and a full-service spa -- a kids’ room, a teen room with a Formula 1 simulator, and a club lounge with a golf simulator and private theater, among other top features.

The Residences will furthermore have 22,000 square feet of outdoor amenities, including a resort-style pool, lap pool, cabana suites, and fire pits. Additional Tower Residences amenities will include a sophisticated rooftop with private dining and a lounge, while the Bay Residences buildings will have a waterfront promenade to the marina, social terrace, and rooftop pool.

Adding to its distinctive draw and seemingly endless list of features and offerings, The Residences will be across the street from the existing Ritz-Carlton hotel in Naples and minutes from the fine dining and European-style shopping of Fifth Avenue South and Third Street. Other nearby hotspots include the Waterside Shops -- an open-air, upscale mall anchored by Saks Fifth Avenue – and a multitude of museums, fine art galleries, cultural institutions, and performing arts venues. The Residences are also across the street from Vanderbilt Beach, so homebuyers will enjoy prime beach access, yet remain comfortably removed from the flurry of activity.

STOCK Residences is the luxury condominium division of STOCK Development, a nationally recognized, award-winning Naples, Fla.-based developer. The collaboration between the STOCK Residences and The Ritz-Carlton is a nod to the developer’s longstanding reputation for industry excellence and deep-rooted community ties, as well as the project’s widely lauded Gulf Coast location and innovative designs.

The sales gallery is located at 2355 Vanderbilt Beach Rd., Suite 106.

Development Site In Miami's Little River Neighborhood Trades For $13.3 Million

Little River has been a hotspot for investment and yet another significant transaction has as an undisclosed buyer acquired a development site for $13.3 million. The sale included 2.2 acres on NE 2nd Ave in the northern section of Little River, located at 8038 NE 2nd Ave. Gridline Properties’ Broker and Principal Alfredo Riascos represented the seller, Thomas Conway of Conway Commercial Real Estate. Tony Arellano of DWNTWN Realty represented the buyer. The buyer nor its plans were disclosed citing confidentiality.

“Developers are recognizing the growth and the emergence of strong fundamentals, finding opportunities to appeal to the creatives and curators in Miami that are in search of the unique neighborhoods and experiences that Little River offers,” said Riascos.

Creative neighborhoods like Little River have been the focus of a lot of attention and recent capital inflows. DWNTWN Realty Advisors and Gridline Properties worked together seamlessly on a complex transaction that will have a positive impact on Miami and the Little River neighborhood. Population and job growth are fueling the demand for housing and neighborhoods as the City of Miami continues to grow. Despite the economic headwinds, Miami seems to be positioning itself as a safe haven for capital investments and quality of life upgrades for employers and individuals.

Conway recently sold the neighboring Ebb & Flow retail strip center comprised of two buildings on two lots for $18.15 million in July 2022. Riascos represented Conway in the Ebb & Flow transaction as well. The all-cash deal marked one of the largest single transactions in Little River for value-add creative retail.

“In recent months, the Northeast Second Avenue corridor of Little River has received remarkable attention from investors and developers seeking to capitalize on the emerging retail and development taking place between 79th and 84th Street," said Riascos. “This property may be one of the last remaining sites that offers institutional size and scale for future development along NE 2nd avenue. We are excited to be part of the tremendous growth and continued success of Little River.”

A hub for re-adapted industrial buildings, Little River has attracted an array of creative and design-oriented businesses that have identified the surrounding neighborhood as one of Miami’s most up-and-coming districts. It is home to a wide variety of businesses, tenants, and owners that have transformed one of Miami's oldest industrial areas into a neighborhood that promotes creativity, design, and innovation.

EDITION Hotels and Location Ventures Reveal EDITION Residences Fort Lauderdale On Florida's Intracoastal Waterway

The Miami-based Location Ventures and Marriott International’s EDITION Hotels have officially revealed and launched sales at EDITION Residences Fort Lauderdale. Known as “Venice of America,” Fort Lauderdale’s 300 miles of inland waterways are a flowing ribbon of serene intracoastal with a mosaic of grand estates and passing mega yachts. This experience is the quintessential lifestyle of this special locale, which has inspired the city’s first luxury branded residences on the intracoastal with the introduction of EDITION Residences Fort Lauderdale.

Located at 551 Bayshore Drive, the residences will meticulously unite modern sophistication with cultural artistry to deliver a new kind of highly intuitive luxury. Two 11-story towers with cascading facades will connect by a grand, double-height entrance with stunning views of its waterfront setting. High-speed elevators will whisk homeowners to 65 spacious residences, with two-bedroom to four-bedroom floor plans ranging between 1,710 to 4,660 square feet, along with nine villas and four penthouses.

The essence and originality of its surroundings capture EDITION Residences Fort Lauderdale’s upscale, yet laid-back ambience through all facets. Extraordinary design is apparent with stately architecture by GS4 Studios|Garcia Stromberg and sophisticated interiors by internationally-recognized Clodagh Design. Owners will also have exclusive access to EDITION’s premier hospitality offerings, such as dining, entertainment, and a curated program of world-class amenities, as well as exceptional walkability and connectivity of the central location in the “Yachting Capital of World.”

“Luxury living has a different meaning for today's affluent homeowner for which they seek cultural experiences, upscale concierge services and a breadth of lifestyle amenities at their fingertips,” said Rishi Kapoor, CEO of Location Ventures. “Fort Lauderdale is undergoing a renaissance that is drawing sophisticated dwellers from around the world, and EDITION is the ideal partner to fulfill their contemporary desire for authenticity, luxury and accessibility.”

Residences will feature floor-to-ceiling windows and sliding doors that open to expansive private terraces. Glass railings will offer unobstructed views of the Atlantic Ocean, vast intracoastal scenery or the vibrant Fort Lauderdale skyline. Exquisite interior finishes will shine light upon the finest materials imported from Europe, including solid wood doors, stone flooring and custom cabinetry.

Gourmet kitchens designed by ITALKRAFT will blend quality craftsmanship with functionality, including quartz countertops, custom built-ins, vertical pantries and ample storage. Premium Sub-Zero and Wolf appliances, such as induction cooktops, steam ovens and wine coolers, will pepper the space, while outdoor entertaining is made easy with a summer kitchen equipped with an electric grill and beverage center. The master bathroom will be a personal oasis with luxurious fixtures and a modern freestanding tub. Owners can also enjoy smart home capabilities and unique wellness features like circadian rhythm lighting in the primary bedroom. Upgrade options include access to a private enclosed two-car garage, private cabanas and more storage.

A dedicated valet and concierge will welcome residents’ home to resort-style living with an amenity program that leaves no stone unturned. Lush tropical landscaping by Cadence will envelop the property and its 20,000-square-feet of outdoor amenities, including paths leading to a relaxing outdoor meditation walkway with meditation bowls and an Intracoastal riverwalk complete with temporary dockage for small boats. A moonroof will become the ultimate nighttime retreat to wind down. In contrast, the sunroof will entertain with its multiple activity areas, including an outdoor summer kitchen, movie screen and large fire pit. An eat-in lounge with a gourmet kitchen will be host to socializing and private events, while those conducting business can work remotely with on-site conference and conversation rooms.

EDITION Residences Fort Lauderdale will boast two pools, including an oversized resort-style pool surrounded by relaxation sunbeds and private cabanas where residents can mingle while soaking up the South Florida sun. The property will also feature a Health & Wellness Center, where owners can focus on fitness and utilize designated areas for Pilates, Yoga, training and stretching. Those desiring moments for pampering can enjoy the Turkish style hammam and steam shower, in addition to treatment, movement and quiet rooms.

“The EDITION branded residences have attracted the most discerning of buyers from around the world who are seeking a truly bespoke luxury offering,” said Jay Phillip Parker, CEO of Douglas Elliman, Florida and President of Douglas Elliman Development Marketing, Florida. “We are thrilled to be working on our first project with Location Ventures which will be bringing the first branded residences to the Intracoastal in one of Florida’s most attractive luxury destinations.”

Long known for its mega yachts and 24 miles of golden beaches, Fort Lauderdale is currently undergoing a transformation as an international destination. The city is bustling with new chef-driven restaurants and luxury hotels, and its vibrant scene has become a magnet for new businesses and wealth migration.

“Fort Lauderdale has been quietly experiencing a renaissance over the past few years,” said Sheila Farahpour, VP, Luxury Brands & Mixed-Use Development, Marriott International. “A city that was once known as a vacation destination has morphed into one of the most attractive places to live in the U.S. with its renowned yachting, golden beaches, vibrant arts and culture scene, and recent influx of new businesses. Fort Lauderdale has emerged as a market of its own — and the EDITION Residences, Fort Lauderdale will be the perfect complement for Owners seeking a more laid-back luxury lifestyle."

EDITION Residences Fort Lauderdale is within walking distance to a plethora of leisure offerings, including the beach, culinary experiences, hotels and more. It is also in proximity to the famed Las Olas Boulevard’s retail and entertainment, museums and performing arts, and is just seven miles from Fort Lauderdale-Hollywood International Airport.

Douglas Elliman will exclusively oversee sales and marketing for EDITION Residences Fort Lauderdale where pricing begins at $3 million.

Renderings of Related Companies Frank Gehry-Designed Redevelopment Of The Deauville Miami Beach

Related Companies, led by the billionaire owner of the Miami Dolphins Stephen Ross, has revealed the first renderings of the Frank Gehry-designed two tower project proposed to replace the Deauville Beach Resort in Miami Beach at 6701 Collins Avenue. The two towers would feature 125 residential units and 175 hotel units with the tallest tower rising 373’. Initial plans point towards an Equinox-branded project. Related Companies owns both fitness and lifestyle brand Equinox and developed the Equinox Hotel in New York City’s Hudson Yards. On November 8 a voter referendum will decide if the developers can proceed with an increased density on the site. The proposed project has already successfully received a zoning amendment in before the Miami Beach Commission voted in favor of placing the referendum on the November 8 ballot.

The existing historic Deauville Beach Resort was designed by Melvin Grossman and was where the Beatles had their second performance in the United States on February 6, 1964. The 540-room hotel was built in 1957 but ownership in recent years has left the structure fall into a decrepit, uninhabitable state and has been declared an unsafe structure.