The Village at Coral Gables Reveals New Renderings Giving First Look At Its Luxurious Wellness Club

Coral Gables-based renowned boutique luxury real estate development firm MG Developer has revealed its latest renderings of The Village at Coral Gables’ Wellness Club, spanning nearly 4,000 square feet. Stunning amenities and features include an indoor and outdoor terrace lounge that is ideal for events and gatherings; a fitness wing; a luxurious plunge pool as well as a library and conference center; perfect for residents who enjoy working remotely and are looking for all the office amenities like high-speed wi-fi and a large monitor screen to host virtual meetings and more.

Curated by MG Developer in collaboration with renowned architect De La Guardia Victoria Architects & Urbanists, the impeccably designed amenity spaces elevate the standard for modern living in historic Coral Gables.

“We pride ourselves in ensuring that each home and community we build, has a unique sense of style and design. For us, every home we create begins with a story, rich in the City’s history,” said Alirio Torrealba, CEO of MG Developer. “And The Village of Coral Gables is a very special enclave that is truly unique in so many ways, but its story is part of the vision George Merrick had when he envisioned the Seven Villages. We are very proud to bring this new design-style of living to life.”

The new renderings provide a sneak preview into a few of the superb amenities that will pay homage to the city’s past while building for modern-day luxurious comforts. The expansive wellness clubhouse, of nearly 4,000 square feet, emanates a contemporary and tropical ambiance, built in Mediterranean revival-style architecture, and a color scheme that blends natural tones with lush green foliage with hints of gold décor accents.

While the curated interiors were inspired by the aesthetic beauty and lifestyle of Seville, Spain, MG Developer set out to continue the vision of George Merrick's, founder of Coral Gables. The boutique 48-residence residential enclave will pay homage to Merrick’s legacy and history in a classic yet modern way.

The Village at Coral Gables will be bordered by gardens inspired by the alcoves in the Plaza de España and will integrate courtyards throughout an entire block, with 50 percent of the site expected to include lush landscaping and hidden parking garages featuring an artistic component that complements the Coral Gables area.

The Village at Coral Gables will feature four distinctive collections: Townhomes, Lofts, Villas, and Flats. Residences will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet.

Although the development is situated within walking distance to the new Plaza, Downtown Coral Gables, and is in close proximity to South Florida’s most sought-after golf courses, the new Lowe’s Hotel, the Biltmore Hotel, cultural attractions, as well as the best dining venues in Miami, the verdant canopy streets that surround The Village at Coral Gables evoke the serenity of a quiet countryside. With everything The Village at Coral Gables has to offer, combined with its stunning design and lifestyle, it is poised to become the most desired living destination in South Florida.

Located at 535 Santander Avenue and set throughout 17 lots, The Village at Coral Gables site is bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. Completion is expected by 2024. .

MG Developer, led by Alirio Torrealba, is one of South Florida’s most active residential developers having completed its newest project, Biltmore Row, and Althea Row, which nearly sold out in less than 90 days and completed its Biltmore Square community that includes the award-winning Beatrice Row, which was recognized internationally for its stunning and classical design.

EDITION Hotels And Location Ventures Break Ground On EDITION Residences Fort Lauderdale

Miami-based real estate investment firm Location Ventures and Marriott International’s EDITION Hotels has broken ground on EDITION Residences Fort Lauderdale. The milestone signifies the launch of construction for the first luxury branded residences on the city’s Intracoastal that will feature two 11-story towers with 65 spacious condominiums.

On Feb. 9, Location Ventures, Marriott representatives, city officials, development partners and friends gathered at the property’s exclusive address of 551 Bayshore Drive in Fort Lauderdale’s burgeoning North Beach Village to celebrate the occasion. Honorary guests included Fort Lauderdale Mayor Dean Trantalis and Commissioner Steve Glassman, along with Sheila Farahpour, Vice President of Luxury and Mixed-Use Development at Marriott International, and Jay Parker, CEO of Douglas Elliman Florida.

As a twist to the traditional groundbreaking event, attendees received individually sized champagne bottles to pop during the ceremony – a nod to the EDITION brand’s signature style of fusing modern sophistication and culturally-inspired creativity. Cocktails and canapés added to the festivities, while a vibrant sunset over the waterway highlighted the serene views that will be enjoyed by future homeowners.

“North Beach Village in Fort Lauderdale has seen tremendous growth and change over the last few years,” said Rishi Kapoor, CEO of Location Ventures. “There is excitement and demand for the local, combined with the incomparable experiences and quality of the EDITION brand, and we are thrilled to break ground on this exceptional site.”

Fort Lauderdale has emerged from the shadows of its well-known neighbors: Miami and Palm Beach. The “Venice of America” has welcomed an influx of residents flocking to the city for its high-end restaurants, new luxury developments, cultural offerings, and relaxed ambiance. The interest is evident in the sales of the EDITION Residences Fort Lauderdale. With exclusive representation by Douglas Elliman Development Marketing, the project was introduced to market in October 2022.

EDITION Residences Fort Lauderdale will continue to raise the bar in the area as it attracts discerning home buyers both nationally and internationally who seek upscale amenities paired with a laidback South Florida lifestyle. The towers will offer spacious residences with two-bedroom to four-bedroom floor plans, including nine villas and four penthouses, ranging from 1,710 to 4,660 square feet. Each home will offer opulently designed interiors, gourmet kitchens with premium appliances, and unparalleled views of the Atlantic Ocean and Intracoastal waterway from its floor-to-ceiling windows and expansive terraces.

Taking advantage of its lush surroundings, the property will provide residents with 20,000 square feet of outdoor amenities, including multiple wellness components like meditation walkways with meditation bowls, an edible garden, two pools, and an Intracoastal riverwalk that features dockage for small boats. A moonroof and a sunroof, featuring a movie screen, large fire pit, and an outdoor summer kitchen, will become ideal settings to mingle and unwind while enjoying unbeatable rooftop views. The property will also include a poolside grill and a Health & Wellness Center with dedicated areas for fitness and pampering, including a hammam and treatment rooms.

Designed by GarciaStromberg, the building’s glass façade emulates the movement of light reflecting from the waterfront. Internationally renowned interior designer Clodagh also embraces the natural characteristics of South Florida with neutrals punctuated by splashes of color and unique textures to celebrate the water and changing sky. Landscape design by Cadence captures the tropical essence of the area with its exuberant plants and tranquil energy.

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.

Terra Launches Leasing For The Arquitectonica-Designed 'The Offices At THE WELL' in Miami's Bay Harbor Islands

One of Miami’s most in-demand neighborhoods is getting a welcomed dose of modern office space. The Offices at THE WELL is part of a new mixed-use development set to rise in Miami’s exclusive Bay Harbor Islands neighborhood, becoming the first high-end office building to launch in the community in decades. Developed by Miami-based Terra, THE WELL Bay Harbor Islands development will include 98,420 square feet of class AA office space, 54 luxury residences, 11,000 square feet dedicated to an integrated wellness experience operated by New York-based wellness company, THE WELL, and a 6,500 square foot signature food and beverage outlet, complete with an expansive rooftop with amenities, garage parking and an elevated plaza. Construction is scheduled to begin in Q1 2023, with completion anticipated in late 2024.

Located at 1177 Kane Concourse, The Offices at THE WELL Bay Harbor Islands will meet growing demand for high-end boutique office space as residents and companies continue to gravitate to South Florida, while reinvigorating Bay Harbor’s iconic Kane Concourse main thoroughfare.

THE WELL New York opened in 2019 as a luxury health and wellness destination that offers clients a range of holistic healthcare services – from Eastern healing practices and Western medicine – including fitness classes, yoga and meditation, acupuncture, sound therapy, spa treatments, and access to the top practitioners in functional medicine and beyond. Since its New York City launch, the brand has expanded with additional locations in Connecticut with THE WELL at Mayflower Inn, and Costa Rica with THE WELL at Hacienda AltaGracia. THE WELL Bay Harbor Islands will become the company’s first Florida location.

“THE WELL Bay Harbor Islands will be a premier address for working, living and wellness just as Miami enjoys a surge of new residents and businesses,” said David Martin, CEO of Terra. “The Offices at THE WELL will be an ideal option for companies looking to incorporate wellness into the workplace, with tenants being able to access all of the exclusive benefits of THE WELL’s curated programming and wellness center.”

Designed by Arquitectonica, with interiors by Meyer Davis, the Offices at THE WELL will reimagine the traditional office lobby into a programmed social space for tenants featuring food and beverage service, unique gathering spaces, and the ability to book THE WELL micro treatments. The development will include four floors of office space complemented by a grand lobby and a rooftop amenity deck, with on-site amenities such as a social lobby and café with comfortable lounge areas, where coffees, juices, and culinary treats can be enjoyed and ordered via text for quick, convenient service. For an outdoor work experience, tenants will have access to greenhouse-style work pods as well as a rooftop level with outdoor meeting areas and community gardens. Office users will also benefit from additional outdoor experiences at an elevated landscaped Plaza, a controlled access parking garage, office valet, and state-of-the-art security.

Office tenants will receive a discounted membership to The Club at THE WELL Bay Harbor Islands, which will include a state-of-the-art fitness and wellness center, as well as full-service concierge services from THE WELL Team, dedicated private outdoor and indoor classes, access to annual health coaching sessions to guide tenants in creating individualized wellness plans, preferred pricing on treatments and services, and exclusive benefits across THE WELL locations globally.

Terra has enlisted a best-in-class team to represent The Offices at THE WELL Bay Harbor Islands, with the Blanca Commercial Real Estate team of Tere Blanca, Danet Linares, Christina Jolley, and Nicole Kaiser leasing the building’s office space.

“Today’s office users are placing emphasis on planning and building custom-designed space in areas that are walkable, accessible to shopping and housing, and which offer on-site outdoor recreation. The Offices at THE WELL Bay Harbor Islands checks all of these boxes – and more,” explains Tere Blanca, CEO of Blanca Commercial Real Estate. “The Offices at THE WELL’s superior technology systems, sustainability initiatives, private rooftop space, and exclusive on-site access to THE WELL and its network of health and wellness destinations globally are appealing to firms looking to establish their presence in one of Miami’s most sought-after neighborhoods.”

Bay Harbor Islands is an exclusive community made up of two islands connected by the Kane Concourse/Broad Causeway bridge, which also leads to Bal Harbour, Surfside and Miami. Other nearby neighborhoods of interest include Indian Creek and Sunny Isles on the Atlantic side, and Sans Souci and Miami Shores to the west. Bay Harbor Islands has its own elementary school, the Ruth K. Broad Bay Harbor K-8 Center, which is consistently rated among the top public schools in the county, along with three neighborhood parks, a tot-lot playground, outdoor fitness space, public tennis courts, a community center, and an assortment of independent shops, galleries, bistros, and professional offices.

Location Ventures Breaks Ground on URBIN Coconut Grove

The Miami-based real estate developer Location Ventures has broken ground on URBIN Coconut Grove. The milestone signifies the launch of construction for the second location for URBIN, a mixed-use brand that unites design-forward residences for short- or long-term rental with flex workspaces, wellness amenities, social activations, and lifestyle-oriented retail, all in one address. The URBIN Coconut Grove groundbreaking follows Location Venture’s December 2022 groundbreaking on URBIN Miami Beach.

Location Ventures, development partners and city officials gathered on January 25 at the Coconut Grove project site, 3162 Commodore Plaza, for the official groundbreaking ceremony. Special guests included Miami Mayor Frances Suarez, former City of Miami Commissioner Ken Russell and Location Ventures CEO Rishi Kapoor, who shared remarks about the future development and coveted Coconut Grove locale – Miami’s oldest neighborhood.

The residential component of the property is 90% sold, with exclusive sales representation by ONE Sotheby’s International Realty, and has attracted a diverse buyer demographic, from Latin America and Europe. Plans are underway to further scale the URBIN brand in key cities throughout the U.S. Construction commencement in Coconut Grove comes on the heels of the Miami Beach location’s groundbreaking in the fourth quarter of 2022, following its sell-out.

“Demand for URBIN Coconut Grove has been steadfast due to its unique ownership opportunities and location in a thriving neighborhood. We are excited to begin the construction and bring this vision to life,” said Kapoor. “Living, working and wellness are the pillars of this coveted address, all integrated into a singular location.”

URBIN Coconut Grove is comprised of 54 residences ranging from studios at 331 square feet to six bedrooms at 2,352 square feet. Thoughtfully planned for convenient, easy living, residences combine modern luxury with efficient layouts and are delivered designer-finished and furnished for turnkey ownership. Arquitectonica and Paredes Architects are behind the architectural design, while residences will feature interiors by am studio, a boutique design collaborative committed to creating cohesive, resourceful, and oneiric spaces.

A variety of resort-inspired services, such as valet parking, concierge, housekeeping, and room service, will complement onsite amenities to create an environment to “live-work-well.” Residents and members of the adjacent URBIN Work will be complemented by a host of food and beverage options, as well as a wellness center with programming for mindfulness, movement, nourishment, and healing. URBIN Work, pre-leasing with Colliers, offers modern office space for businesses of the future looking to make Miami’s most dynamic neighborhood home. Both traditional office and flex workspaces provide modern amenities.

The property’s dedicated coworking component will bring an elevated level of service to the work experience. In addition to the physical space, coworking members will have access to necessary business support tools, including consulting, administrative and networking services.

The URBIN development is the latest addition to the vibrant Coconut Grove community, which has undergone a significant transformation in recent years. Embodying the laid-back waterfront lifestyle of the locale, it is an area brimming with world-class restaurants, neighborhood shops, lush parks and a hub of growing business enterprises. URBIN Coconut Grove is situated in the center of it all, two blocks from CocoWalk, and within walking distance to Dinner Key Marina, the bay, and Regatta and Peacock Park.

ALTARA Properties Launches Sales Of Newly Completed Casa Azzura Luxury Townhomes In Coconut Grove

ALTARA Properties has launched sales of Casa Azzura Coconut Grove, a newly completed luxury tropical modern townhome development designed by renowned Venezuelan-architect Mario Bocaranda in Miami’s hot West Grove section of Coconut Grove. The new construction residences are available for purchase and are priced at $2 million per unit. Sales are overseen by ALTARA Properties which is led by PROFILEmiami co-founder Demetri Demascus.

Each residence features 3 bedrooms, 3 full-bathrooms and two half-baths spread over 2,500 SF. The luxurious homes feature a large open modern floor plan with glass sliders emphasizing indoor-outdoor living. High ceilings offer plenty of space and comfort. Each unit features a gourmet kitchen with high-end finishes, top of the line-stainless appliances and quartz countertops. Upstairs offers three en-suite bedrooms including a lavish master suite with a large walk-through closet and luxurious master bath with freestanding soak-in tub. The lushly landscaped outdoors features a plunge pool, covered terrace with barbecue and cabana bath.

One of Miami’s most historic and beautiful neighborhoods, the lush bayside community of Coconut Grove is known for its tropical vibe full of banyan trees, palms and live oaks mingle along quiet residential streets, and peacocks roam wild. Hugging the shoreline of Biscayne Bay, Coconut Grove is an upscale, leafy neighborhood with relaxed sidewalk cafes and chic shops in and around the newly redeveloped CocoWalk mall.

Casa Azzura is located at 3162 Plaza St. and 3164 Plaza St. Units are priced at $2 million each with sales and marketing for Casa Azzura Coconut Grove is being represented by Demetri Demascus of ALTARA Properties. For more information please visit www.azzuramiami.com or email d@altaraproperties.com.

3162 Plaza

3164 Plaza

For more information about Casa Azzura Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

Cipriani Residences Miami Reveals Exclusive Sales Gallery Designed By 1508 London

On the heels of revealing the distinguished interiors by 1508 London, Cipriani Residences Miami, the brand’s first-ever ground-up residences in the nation, has officially opened its sales gallery in Brickell. This milestone will continue to showcase the effortless style, world-class service, and sense of history and tradition of the Cipriani brand and the strength of the vision conceived by the project’s developer, Mast Capital. Cipriani Residences Miami is reinventing luxury within the Brickell neighborhood, and its sales gallery experience demonstrates the sophisticated lifestyle that residents will enjoy.

“The demand for Cipriani Residences Miami has been overwhelming given the tower’s authentic interpretation of the brand and its central location in the heart of Miami’s Financial District,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “The sales gallery is a glimpse into the exceptional service and refined design, with best-in-class finishes and materiality that awaits residents both within their homes and in the amenity spaces.”

Located at 1421 South Miami Avenue directly across from the property, the gallery represents a unique opportunity to understand firsthand the elevated concept being offered at Cipriani Residences Miami. Both buyers and brokers can preview the design elements at the tower, from the living areas’ thoughtful use of high-gloss walnut millwork to the lobby’s dazzling Murano chandeliers, capturing Cipriani’s Italian splendor and century of heritage.

The sales gallery introduces the world-renowned design firm 1508 London, which envisioned the space to embody the essence of the tower and provide a taste of what it would be like to live at Cipriani Residences Miami. Effortless living begins with Cipriani staff greeting guests with the sincere hospitality the brand is revered for. The space is softly backlit and complemented by black-and-white prints of fashion icons and Cipriani patrons alike. Excellent service will ensure every experience at the sales gallery is memorable and exemplary of what’s to come at Cipriani Residences Miami.

To kick off the grand opening, Cipriani Residences Miami’s sales gallery was the venue for a star-studded, red-carpet gala held by the Ibero-American Film Festival Miami. The guest list included celebrities and international dignitaries, such as Amelia Eloisa, Patricia Janiot, Paco Perez Valencia. Additionally, an exclusive brunch for the Miami-Dade chapter of the Ferrari Club of America brought over $20 million in Ferraris to South Miami Avenue. Guests gathered at the sales gallery to dine and celebrate the condo tower that will rise upon just across the street.

Within the grand lounge at the gallery, Taj Mahal flooring epitomizes the sophistication and elegance of Cipriani Residences Miami. The walls feature floor-to-ceiling high-gloss walnut millwork meticulously finished and assembled. A mixture of warm camel and cool blue color palettes honor the classic Cipriani aesthetic reminiscent of Italian yachts, with two six-foot Murano chandeliers overhead. The custom crystal Venetian fixtures are smaller replicas of the chandeliers that will hang proudly in the completed lobby.

Emulating the sleek, modern architecture of Cipriani Residences Miami by award-winning firm Arquitectonica is a nine-foot scale model of the building. With floor-to-ceiling glass and a curved cascading façade, the scale model offers context for the design and can be referenced as construction for the tower progresses directly outside the gallery.

A model kitchen and bathroom indicative of the finishes at the 397 residences complete the Cipriani Residences Miami experience. The open eat-in chef kitchen touts custom Italian cabinetry modeled after Cipriani’s renowned style, as well as top-of-the-line integrated Wolf Sub-Zero appliances. The primary bathroom presented at the sales gallery includes a grand, stand-alone bathtub with a dramatic solid marble backdrop. The shower and separate water closet feel spacious and luxurious opposite the elegant vanity, which features premium high-gloss walnut Italian cabinetry with stainless-steel trimmed drawers, complemented by an imported Calacatta marble countertop.

With fine attention to detail to ensure top quality, the tower will bring a wide array of unprecedented amenities and services to Miami. Residents have exclusive access to around-the-clock dining services by Cipriani, available in the private restaurant, in-home dining, and 24-hour catering services. Dining services extend to the elevated resort deck, where residents can enjoy a Bellini on the sun terrace or lounge in cabanas beside the swimming pools. Residents will have access to one of Brickell’s largest wellness centers spanning four levels, which is separate from a fully equipped state-of-the-art fitness center, as well as a holistic spa, ice plunge, and sauna. Residents wanting space for sporting and competition can visit the golf simulator, pickleball court and screening room for game day. Those who prefer a more serene lifestyle can venture to the library or salon for a treatment. Cipriani Residences Miami also offers the convenience of a private dog park, children’s playroom and à la carte services like plant care, away-from-home maintenance, pet grooming and walking, luxury house limousine transport within a three-mile radius, in-residence spa treatments, personal training and more.

Starting at $1.4 million, Cipriani Residences Miami offers one- to four-bedroom residences ranging from 1,123 to 3,495 square feet, with completion slated for 2026. Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales.

Renderings via The Boundary | Images via Branden Canlas and Cyril Art Services

Twenty-Nine Indian Creek Launches Sales Of Luxury Residences In The Faena District

JMH Development, a full-service development firm, has launched sales for Twenty-Nine Indian Creek, a landmark residential project redefining luxury living in one of Miami Beach’s most sought-after neighborhoods. Set to rise at the nexus of Indian Creek Drive and Collins Avenue in the heart of the thriving Faena District, the boutique collection of only 11 private residences are meticulously crafted to deliver a bespoke lifestyle with striking views of Downtown Miami and Biscayne Bay.

“We always strive to create projects that enrich the neighborhoods in which we build,” said Jason Halpern, Principal of JMH Development. “The design, ingenuity and attention to detail that is being poured into every aspect of Twenty-Nine Indian Creek is exceptional. We are excited to be part of another project that celebrates historic preservation.”

With architecture, interiors and landscaping imagined by renowned firm Urban Robot, Twenty-Nine Indian Creek will reflect timeless sophistication and serve as an emblem for historic preservation. The modern, seven-story building will offer eight three-bedroom residences and one sprawling full-floor penthouse with an expansive wraparound terrace and panoramic views. In addition, the site is home to a 1930s Art Deco building that has been obstructed from public view for nearly 60 years. JMH Development will restore and relocate the structure to harmoniously integrate the past with the present, creating two sprawling townhomes within that will pay homage to the inherent design qualities of its former era.

“The building mirrors the duality of the architectural languages spoken on Indian Creek Drive and Collins Avenue, blending early 20th century style with modern influences,” said Sebastian Velez, Principal at Urban Robot Associates. “We envisioned a layered juxtaposition of traditional and modern that is responsive to Twenty-Nine Indian Creek’s incredible setting, and resulted in an urban refuge with enduring design qualities.”

Spanning 1,750 to 4,800-square-feet, each elegantly appointed residence is designed to maximize space and seamlessly connect to the outdoors–with sweeping floor-to-ceiling windows and doors ushering in an abundance of natural light. Spacious terraces with iconic, undulated railings showcase exquisite craftsmanship that continues indoors - with interiors that feature diligent attention to detail. Gourmet chefs' kitchens showcase bone white lacquered custom cabinetry, fully integrated Miele appliances with wine storage, plus marble countertops and island. Spa-inspired bathrooms offer indulgent features including freestanding soaking tubs, dual vanities, honed flooring and premium Hansgrohe fixtures. Townhomes feature 18-foot double-height great rooms and private terraces with landscaped gardens and summer kitchen.

“This is a truly distinctive project, there is nothing else like it in the area,” said Daniel de la Vega, president of ONE Sotheby’s International Realty. “Twenty-Nine Indian Creek presents a rare opportunity to own a home of this caliber just steps from the beach, with the ideal combination of privacy and access.”

Residents of this intimate community will enjoy a palm-tree shaded pool deck inclusive of daybed lounge chairs and tanning areas, a summer kitchen with barbeque and dining area, and an outdoor shower, as well as direct access to a dedicated beach club. The building’s Art Deco-inspired, geometrical design is complemented by lush landscaping with terraced walls and cascading greenery, water features, and a natural color palette, creating an instant sense of serenity.

Situated in the Faena District, Twenty-Nine Indian Creek will be at the center of the city’s buzziest neighborhood, allowing residents to conveniently explore world-class dining, hospitality and cultural institutions including the Faena Hotel and Faena Forum, The Miami Beach Edition, the upcoming Aman Miami Beach and Bvlgari Hotel.

Set to break ground Spring 2023, with completion expected by Q1 2025, with prices ranging from $2.5 million to $10 million. Located at 2901 Indian Creek, Miami Beach, Twenty-Nine Indian Creek sales and marketing is managed exclusively by ONE Sotheby’s International Realty’s Development Division, with Reid Heidenry and Marko Gojanovic leading sales.

Arte Surfside Officially Sells Out At Nearly $225 Million As Penthouse Leased By Ivanka Trump And Jared Kushner Sells For $17 Million

Arte Surfside, the ultra-luxury 12-story oceanfront luxury condominium at 8955 Collins Avenue, has officially sold-out for near-$225 million following the closing of Residence 201, its last remaining listing, for $17 million in as-is condition. The six bedroom home spanning 6,975 square feet of interior space and 1,488 of terrace space was designed by master Italian architect Antonio Citterio and sold unfurnished to a family, who were drawn to its water views and large living spaces featuring two kitchens, a dedicated oceanfront entertaining level, and a master suite overlooking the ocean. The residence was previously leased to Ivanka Trump and Jared Kushner.

Arte was successful in attracting the most discerning luxury buyers in the world, with many hailing from the U.S. Northeast, and was recognized globally for setting impressive new sales records, including executing on a cryptocurrency penthouse transaction. At around $3,000 per square foot, Arte achieved the highest blended price per foot in addition to the highest average cost per unit that has closed to date in any new development recorded in Miami Dade County and arguably Florida. Furthermore, with almost $225 million in total sales, Arte holds the highest gross sale price for a new boutique development in Miami.

“Arte represents a new tier of ultra-luxury in Miami Beach,” said Alex Sapir, Chairman of Sapir Corp LTD, an Israel-and New York-based subsidiary, who, developed the project. “This development has redefined all expectations for oceanfront living and showed the market that unprecedented prices a square foot are possible. We have set a new standard with Arte, and I’m proud to have led such a tremendous project.”

“It’s thrilling to watch a project you conceptualize from the ground up become a record-breaker in so many categories,” said Giovanni Fasciano, co-developer of the project. “We envisioned the ultimate Miami Beach lifestyle with the perfect combination of only 16 residences, masterful architecture, all of the amenities and services of a five-star resort and a collection of blue-chip artwork that actually inspired the building’s name. Buyers gravitated toward this highly customized, personal approach, and they have now come to know us as developers that go far above and beyond what’s expected.”

Arte’s sales success is a result of the huge demand for large oceanfront residences in Miami Beach. The homes at Arte feature expansive indoor and outdoor spaces, with square footage starting at 3,126. The two largest residences, the Penthouse and Lower Penthouse, were both landmark deals for the market, with the Penthouse selling at $33 million, and the Lower Penthouse selling at $22.5 million setting a record price per square foot of $4,440. These two transactions serve as a benchmark for Surfside condominium sales today. The achievements also underscore the validity of the developers’ initial vision for Arte and prove the building’s aptitude to set multiple records in real estate.

“We are thrilled to have been part of this exciting project, that has brought world class design and architecture to Surfside,” said Howard M. Lorber, Executive Chairman of Douglas Elliman.

Reinforcing Arte’s desirability in the market was incredible architecture by Antonio Citterio, in collaboration with Kobi Karp Architecture and Interior Design. Nodding to the legacy of ancient landmarks such as the Colosseum, the building touts a memorable Roman travertine façade, broad expanses of sliding glass doors and a gridded bronze Schuco window system.

Owners of the 16 residences at Arte enjoy a lavish lifestyle with expansive interiors and a wide array of first-class amenities. The amenity package includes 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.

Arte has become one of the most recognizable and celebrated residential projects in real estate. The building’s legacy has been cemented with its sellout and will only continue to strengthen and grow as buyers increasingly desire boutique oceanfront residences with a focus on privacy and exclusivity. Arte has laid the groundwork for developers Alex Sapir and Giovanni Fasciano to expand globally.

“Douglas Elliman had a true partner working alongside Alex Sapir, Giovanni Fasciano and the entire Arte team who understood the needs of the most discerning buyers and helped us to set a new bar for luxury in the Miami Beach and Surfside Markets,” said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “We look forward to future collaborations.”

Sales at Arte were exclusively handled by Douglas Elliman Development Marketing, with Miltiadis Kastanis and Dina Goldentayer representing the seller in the Residence 201 deal.

Mega Mixed-Use Development Wynwood Plaza Locks Down $215 Million Construction Loan

L&L Holding Company, Oak Row Equities and Shorenstein have locked down $215 million in construction financing for Wynwood Plaza, a mega mixed-use development on a 2.85-acre site in Miami’s Wynwood Arts District. Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia South Florida secured the financing on behalf of the developers, a joint venture between L&L Holding Company, a vertically integrated real estate company based in New York, N.Y., Oak Row Equities (formerly Carpe Real Estate Partners), a real estate private equity and development company based in New York, N.Y., and Shorenstein, a real estate investment company based in San Francisco, Calif.

Bank OZK provided the three-year, floating-rate loan with two one-year extension options.

The developers acquired the site, a 15-parcel assemblage, in late 2021 for $53 million, after filing plans for a development that would deliver one million square feet of office, retail, residential and outdoor entertainment space. The project, which Gensler is designing, is slated to complete in 2024.

“Wynwood has emerged as one of Miami’s busiest submarkets, with tech, financial and creative firms flocking to the area and driving demand for office, retail and residential space to all-time highs,” said Wadler. “Wynwood Plaza is poised to be a monumental project anchoring this dynamic community, and we were fortunate to find a lender who recognized the Sponsor’s unique vision and capabilities to execute it.”

Located at 95 Northwest 29th Street, Wynwood Plaza will consist of approximately 509 luxury rental apartments, 275,000 square feet of Class A office space, 25,000 square feet of ground-floor retail space, a 20,000-square-foot open-air retail plaza, and a parking garage.

Check Out This Max Strang-Designed Venetian Islands Tropical Modern Spec Home Asking $29 Million

A new architectural masterpiece by architect Max Strang is nearing completion on the waterfront of San Marino Drive in Miami’s exclusive Venetian Islands. Priced at $29 million, the 6,357 square foot spec home, the latest project developed by Clara Homes, is set to redefine the standard of luxury in the island community, where business tycoons and tech moguls have been known to flock.

Situated at 416 W San Marino Drive, the new residence is a perfect example of how architects can seamlessly incorporate the natural environment into design. The architecture pays tribute to the Venetian Islands through grand floor-to-ceiling windows, an inspired color palette and a layout that maximizes views of the water and surrounding foliage. Inside, the five-bedroom, seven-bath single-family home will tout contemporary interiors. The finishes blend neutral hues with organic materials such as stone and wood to nod to the property’s distinct landscape. The property features unobstructed views to the Miami skyline & endless sunsets.

The space gives an open-concept feel featuring soaring ceiling heights, floor-to-ceiling windows, gorgeous stone by Salvatori, and a kitchen equipped with Wolf and Sub-Zero appliances. One of the most luxurious rooms in the home is the primary bedroom, which encompasses full Northwestern exposure with dual closets and a spacious bath..

The home also features access to 103 feet of wide bay frontage, a brand new sea wall and a deck for residents to dock their boat. Other perks including an elevator, rooftop, two-car garage, summer kitchen and oversized pool with a cabana make this a perfect home for family and entertaining.

416 W San Marino Drive is listed with Dina Goldentayer of Douglas Elliman.