North Development Launches Revolutionary Condo-Hotel Brand 'Domus' And First Project 'Domus Brickell Park'

Ricardo Dunin, CEO of Oak Capital and the Miami developer who pioneered the South Florida condo-hotel industry in the 90s, and Edifica, one of the largest developers and builders in Peru, have joined forces for the creation of North Development and the launch of DOMUS, a new condo-hotel brand.

North Development’s first project in Miami, Domus Brickell Park, is located the booming Brickell area, at 1611 SW 2nd Avenue, and features 171 fully furnished condo-hotel units rising 12 stories. The studios, one and two-bedroom units, ranging from 330 to 979 square feet, and with prices from the $400,000’s to the $900,000’s, were masterfully designed by Zyscovich Architects, with interiors by Urban Robot. This is the second project between Dunin and Zyscovich, after working together at The Meridian Lofts in Miami Beach.

“Domus Flats is a new condo-hotel brand that will offer the ultimate solution for buyers that want to enjoy their property when in town and maximize rental income when not in residence,” said Ricardo Dunin. “We have incorporated innovative features that have never been seen before and are putting a strong focus on efficiency and hospitality. We have always worked on high end hotels, like when we created the Le Sereno brand in St. Barth, and those are core values that we want transferred to Domus.”

“Our proprietary Domus reservation system, powered by Hosteeva, allows access to over 85 sales channels, that receive over 700 million monthly visits, including all the major channels such as Airbnb, Booking, Expedia, Marriott, which includes the use of Bonvoy points, and several airlines” added Juan Carlos Tassara, managing partner of Edifica. “Our automated dynamic pricing algorithm uses real-time market data to maximize revenue and occupancy.”

Guests can check-in online and receive their unit's access key on their phone before arrival. This not only offers convenience but also increases the building's security by allowing it to get familiar with the guests in advance. The access key is required for elevator use, ensuring that only owners and guests have access to the units. A 24/7 call center for guests will also be available. By eliminating the developer’s ownership of the common areas (commonly known as the “desk”), but still offering professional management for the individual units, owners will pay substantially less in fees without compromising the integrity of the high-end hospitality concept.

Another competitive advantage of the project is that yearly occupancy for more than 6 months and one day in not allowed. This eliminates the natural conflict between permanent residents and the transient rental business, while still allowing for out-of-towners enjoyment of their units when in Miami.

At the heart of the building, in the oversized lobby, is The Peacock Room. This space includes an all-day food and beverage experience, with gourmet coffee, wine, specially brewed beers, and a market. It includes co-working spaces, high speed internet and chill music, which will attract both locals and guests.

Domus Brickell Park features a wellness center, including a steam room and state-of-the-art fitness equipment. There is also a rooftop pool deck with cabanas, a jacuzzi hot tub, a grilling and entertainment area.

The building is expected to open late 2025, and North Development has a long-term interest in utilizing the Domus brand in multiple locations. The project’s sales and marketing for Domus Brickell Park will be exclusively by Cervera Real Estate.

For more information about Domus Brickell Park, private showings or purchasing/ leasing information please fill out the form below:

L&L Holding Company and Oak Row Equities Break Ground On 'The Wynwood Plaza' One Million Square Foot Mixed Use Campus

L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Properties and co-investor Claure Group, have broken ground on The Wynwood Plaza, a 1-million-square-foot mixed-use campus at 95 NW 29th Street in Miami’s famed Wynwood Arts District. This milestone, which took place with a groundbreaking celebration on Thursday March 2, 2023 followed by an afterparty at Oak Row Equities’ Oasis Wynwood campus, comes on the heels of securing $215 million in construction financing from Bank OZK for this dynamic project, designed by renowned architecture firm Gensler.

The Wynwood Plaza will encompass a residential building featuring 509 luxury rental apartments, an array of indoor and outdoor dining and shopping options, as well as a highly amenitized office tower. The development will be defined by a half-acre, lushly landscaped public plaza that will be the largest in the Wynwood Arts District and one of the largest in all of Miami. Designed by James Corner Field Operations, the landscape architecture and urban design practice behind Miami’s Underline and New York City’s High Line, the most iconic public facing feature will be a pedestrian paseo adorned with large palm trees and a unique variety of local vegetation.

Two floors of the 12-story office tower are pre-leased. Prominent investment firm Claure Group, led by Marcelo Claure, will establish its headquarters in 25,400 square feet across the entire eighth floor. Weitz & Luxenberg, an acclaimed nationwide law firm, will open its first Miami office in 18,000 square feet across the second floor.

“Recognizing the need to create something of lasting value to Miami, we assembled an all-star team capable of cultivating an environment that is every bit as unique, artistic and sophisticated as the colorful neighborhood that surrounds it,” said David Levinson and Robert Lapidus of L&L Holding Company. “We are thrilled to share this important moment with our partners Oak Row, Shorenstein, and Claure Group, as well as all of the local stakeholders who made this milestone possible.”

“The groundbreaking at The Wynwood Plaza is a defining milestone for our firm and our partners. This historic project will further enhance the globally-recognized Wynwood Arts District and serve as a bold example of our commitment to placemaking for the local community,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities.

“With expectations from commercial tenants and residents alike higher than ever for the places they choose to live and work, we are confident The Wynwood Plaza will stand out and raise the bar,” said Matt Knisely, Managing Director at Shorenstein Properties. “At Shorenstein, we are focused on investing in best-in-class and highly differentiated projects in compelling markets, and this partnership exemplifies our proven approach.”

The Wynwood Plaza’s Class AAA office tower will encompass 266,000 square feet with efficient floor plates that create light-filled workspaces and private terraces on each floor. Tenants will have access to dedicated indoor and outdoor amenities, including a fitness club, cafe and bar lounge, conference and collaboration spaces, and expansive rooftop. The tower will also feature best-in-class air filtration, touchless entry, and elevator systems.

Luxury rental apartments will feature floor-to-ceiling windows, state-of-the-art appliances, exceptional finishes, and flexible layouts. An expansive amenity package will feature four activated rooftops with a sports court, two outdoor pools with showers, a sauna, hot tub and cold plunge pool, and a glass atrium with co-working spaces, private phone rooms, and a game lounge. In addition, residents will have access to a modern fitness center with state-of-the-art equipment and dedicated areas for yoga and other exercise classes.

The Wynwood Plaza will also include 32,000 square feet of retail, including 6,600 square feet of outdoor dining. An eclectic mix of lifestyle boutiques, curated storefronts, convenience locations, and fast casual spots are envisioned for the campus.

Situated on a main pedestrian thoroughfare, the airy, stylish spaces will feature full glass storefronts with the opportunity for impactful exterior signage. To showcase and elevate the creativity of the surrounding community, L&L Holding and Oak Row Equities will collaborate with local artists to include curated works and installations throughout for residents and the community to enjoy.

With construction now underway, completion is anticipated in 2025.

Global Financial Services Firm Rothschild To Open Miami Office At 830 Brickell

Global financial services company Rothschild & Co. will open a Miami office at 830 Brickell after leasing space at OKO Group and Cain International’s premier Class A+ office tower which is nearing completion in the city’s Brickell Financial District. Rothschild & Co. is one of the world's largest independent financial advisory groups, employing 3600 people in 40 countries across the world.

The deal marks a continuation of the influx of new-to-market companies to South Florida, with many firms opting to take space at 830 Brickell. The 640,000-square-foot project, which is over 90%, is slated for completion this year. It will be the first new standalone office tower in Brickell in more than a decade.

Brian Gale and Andrew Trench led the Cushman & Wakefield team that represented the developers in the deal. Scott Quick and Alan Wildes, also of Cushman, represented the tenant.

"The ownership behind 830 Brickell in Miami has completed a 5,000 square foot lease with global financial firm Rothschild & Co. Rothschild becomes the latest new-to-market firm to join a roster of best-in-class tenants that will move into the building upon delivery this year. With more than 90 percent of 830 Brickell’s tenants being new to the Miami market, the tower has solidified its position as the address of choice for inbound firms spanning banking and finance, technology, and law and professional services.”

Rothschild will join a roster of world-leading companies at the building, including Microsoft, financial services company Citadel, international law firms Kirkland & Ellis, Sidley Austin, Winston & Strawn LLP and Baker McKenzie, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap and others.

830 Brickell will feature spectacular only-in-Miami panoramic ocean and city views, floor-to-ceiling windows, column-free spans, state-of-the-art digital infrastructure with Wired certification and a LEED Silver certification due to its progressive environmentally efficient design. The tower offers tech-forward, first-class amenities including an upscale rooftop restaurant and bar, a sky lobby with a nearly 2,500 SF health and wellness center and first-class conference facility, a 14th floor outdoor terrace designed by Enea Landscape Architecture, valet parking, electric vehicle charging stations, cafés and white-glove customer service including a 24-hour concierge.

The Continuum Company Acquires North Bay Village Development Site For $35 Million

New York based development firm The Continuum Company has closed on the purchase of 1755 Kennedy Causeway, a 1.34-acre site in Miami’s exclusive North Bay Village. Samuel Heskiel, CEO and Co-Founder at Beachfront Realty was the land broker for this deal, which was purchased by the firm for $35,000,000.

This land purchase marks the latest in Miami for New York developer Ian Bruce Eichner, who is well known for developing the Continuum South Beach in Miami’s South of 5th neighborhood, as well as launching their latest project La Baia. The site plan approval allows the firm to build a 31-story, 201-unit luxury condominium with a 13,415 square foot waterfront restaurant with over 45,000 square feet of resort-style amenities.

“With astonishing views, access to the beach and mainland, and a private island community, this was an obvious choice for our second-ever Continuum-branded project,” said Alexandra Eichner, President of Continuum Florida.

The firm plans to come to market with their second ever Continuum-branded project in South Florida Q4 of 2023.

“We envision North Bay Village the same way we once envisioned South of Fifth – with enormous potential for growth,” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “We believe the neighborhood is primed to undergo a radical transformation and we are excited to lead the way. We are bullish on North Bay Village and excited to continue to be a developer that ushers in a new era for the community.”

Set for a dramatic transformation, North Bay Village serves as a small enclave encompassed by two small islands between Miami Beach and the mainland of Biscayne Bay. With the neighborhood itself separated from the bustle of the nearby metro of Miami, the city's numerous attractions are still within a short drive including premiere shopping and the beach, showcasing the best of both worlds.

North Bay Village went almost a decade without any new developments, featuring more single-family homes than high-rises to keep a quaint community feel. According to Miami-Dade records, by 2025 five new condo developments are expected to be delivered. Pacific & Orient Properties recently broke ground on 7918 West Drive, a waterfront luxury condo development, and Shoma Group is developing Shoma Bay with a Publix and Shoma Bazaar food hall.

The Continuum Company experienced great success with La Baia South, which launched sales in October and sold out in under six months. Well known for producing visionary real estate developments, Bruce has an array of projects headlining his portfolio, including Madison Square Park Tower, City Spire, One Broadway Place, The Manhattan Club, The Royale and Montague Street in Brooklyn Heights, the Continuum South Beach and the Cosmopolitan Resort & Casino on the Las Vegas strip.

Oak Row Equities And L&L Holding Company Secure Full Construction Financing For 'The Wynwood Plaza' One-Million-Square-Foot Dynamic Mixed-Use Campus

L&L Holding Company and Oak Row Equities today announced they have closed on $215 million in construction financing for The Wynwood Plaza, a one-million-square-foot campus that will bring class-AAA office, residential, retail and outdoor space to 95 NW 29th Street in Miami’s famed Wynwood Arts District.

L&L Holding, Oak Row Equities, alongside project partner Shorenstein Properties LLC (“Shorenstein”) and co-investor Claure Group, secured the loan from Bank OZK. With full project financing now in place, major construction will commence immediately with full completion anticipated in 2025.

In addition to securing the financing, L&L Holding and Oak Row Equities announced that they have pre-leased two full floors at The Wynwood Plaza’s 12-story contemporary Class AAA office tower. Prominent investment firm Claure Group, led by Marcelo Claure, will establish its headquarters in 25,400 square feet across the entire eighth floor. Weitz & Luxenberg, an acclaimed nationwide law firm, will open its first Miami office in 18,000 square feet across the second floor. The second floor will also house the amenity space exclusive to office tenants.

Designed by world-renowned architecture firm Gensler, which is also serving as architect of record, The Wynwood Plaza will incorporate a residential building featuring luxury rental apartments, an array of indoor and outdoor dining and shopping options, as well as a highly-amenitized office tower totaling approximately 266,000 square feet. Inviting outdoor spaces will be designed by James Corner Field Operations, the landscape architecture and urban design practice behind New York City’s High Line and Miami’s The Underline. The project’s most distinctive characteristic will be a beautifully landscaped 26,000-square-foot outdoor public plaza– the only one of its size in the Wynwood neighborhood and one of the largest in Miami.

“The Wynwood Plaza has been designed and programmed to produce a dynamic fusion of high-end apartments, creative offices, galleries, boutiques and artisanal restaurants, all wrapped around a lush paseo, which will both complement and enrich the entire Wynwood Arts District,” said L&L Holding Company Chairman & Chief Executive Officer David Levinson and President & Chief Investment Officer Robert Lapidus. “We are grateful to our partner Shorenstein and Bank OZK, as well as to our tenants, for embracing our collective vision of The Wynwood Plaza as a nexus of culture, community, creativity and nature.”

“In every submarket, Oak Row Equities develops in, we strive to deliver not only best-in-class product, but also the most transformative projects in each individual submarket. Wynwood Plaza is no exception,” said Erik Rutter and David Weitz, Managing Partners of Oak Row Equities. “We are thrilled to have Shorenstein and Bank OZK as our partners to bring the largest mixed-use development in Wynwood to life.”

“With a fast-growing population and a business-friendly environment that continues to drive a significant number of corporate expansions and relocations by prominent technology, financial and professional services companies, Florida, and the Miami metro region in particular, is an attractive market for long-term investment,” said Matt Knisely, Managing Director at Shorenstein Properties. “We are excited to partner with L&L and Oak Row to build on our successful track record in the region by delivering a market-leading mixed-use project that will provide an innovative space for tenants and the vibrant Wynwood community alike for years to come.”

“The Wynwood Plaza brings together the best of all worlds to create the ideal environment for collaboration and productivity,” said Claure Group Founder and CEO Marcelo Claure. “The sustainable and tech-focused design offers the perfect setting for businesses to innovate, grow and attract top talent. The artistry and authenticity of the campus will also be a magnet for residents and retailers who want to be part of Miami’s most vibrant neighborhood.”

The Wynwood Plaza’s office component has been intentionally designed with innovative floor plates and an expansive suite of amenities to cultivate the ideal environment for today’s innovative workforce. The building will incorporate private terraces on each floor and 14-foot windows to allow natural light to fill the workspaces. A dedicated amenity hub will include a fitness club, a cafe and bar lounge, and conference and collaboration spaces, while an expansive rooftop will feature lush landscaping and private seating areas. The office tower will have a stylish 25-foot-tall grand lobby at street level, and tenants will also benefit from best-in-class air filtration, touchless entry and elevator systems.

The Residences at The Wynwood Plaza will include 509 luxury rental apartments with floor-to-ceiling windows, state-of-the-art appliances, exceptional finishes and flexible layouts. Residents will have access to a best-in-market amenity package that includes four activated rooftops with a sports court, two outdoor pools with showers, a sauna, hot tub and cold plunge pool. In the resident-only glass atrium, co-working spaces and private phone rooms will provide a quiet place to work from home, with a neighboring game lounge for when it is time to take a break. A modern fitness center will feature the latest equipment, as well as dedicated areas for yoga and other classes.

With an eclectic mix of lifestyle boutiques, micro-curated storefronts, convenience locations, restaurants and fast casual spots, The Wynwood Plaza’s retail will become a neighborhood destination. The project will include a total of 32,000 square feet of retail, including 6,600 square feet of outdoor dining. The airy, stylish spaces will feature full glass storefronts with the opportunity for impactful exterior signage. Situated on a main pedestrian thoroughfare, the shops will benefit from ample foot traffic comprised of on-site office tenants and residents, as well as those who live in and visit the popular neighborhood.

The project’s 26,000-square-foot outdoor public plaza will feature a pedestrian paseo with direct connections to Northwest 29th Street, Northwest 30th Street and Northwest 1st Avenue. The paseo will be landscaped with large palm trees, plants and flowers and form a central pedestrian thoroughfare.

To showcase and elevate the creativity of the surrounding community, L&L Holding and Oak Row will collaborate with local artists to include curated works and installations throughout The Wynwood Plaza for residents and the community to enjoy.

Dustin Stolly and Jordan Roeschlaub of Newmark represented L&L Holding and Oak Row Equities in capitalizing the project, while Scott Wadler and Michael Basinski of Berkadia arranged the Bank OZK financing.

Kobi Karp Designed Gateway at Wynwood Class A Office Complex Refinanced With $113 Million Loan

Berkadia has arranged a $113 million loan to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project designed by Kobi Karp in Miami’s Wynwood District. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan on behalf of New York-based Rose & Berg Realty Group LP (“R&B Realty”), a family-owned real estate management, leasing and construction company. The property is leased to a diverse tenant roster including BoConcept, OpenStore and Veru. A10 Capital, a vertically integrated, full service commercial real estate lender, provided the three-year loan, with two, one-year extension options.

Berkadia also secured the original construction loan for the project in early 2020 through lender 3650 REIT. This time,

"The volatility in the lending environment made this office refi transaction challenging, but our relationships with the lending community and the strength of this asset helped us secure one of South Florida's largest office refis in recent times," said Foschini. "We are proud to have played a key role in helping our client move forward with its plans as it continues to attract strong office and retail tenants to the trophy property in the highly desired Wynwood area north of downtown Miami."

Designed by ‘starchitect’ Kobi Karp, Gateway at Wynwood is located at 2616 North Miami Avenue, in the epicenter of Miami’s Wynwood corridor, one of the most desirable 24-hour submarkets in the nation. It features approximately 220,000 square feet of Class A office space encompassing roughly 27,700 square feet of space on each of its floors. It features a private rooftop terrace with panoramic views, as well as 512 on-site parking spaces. The project also features 24,000 square feet of retail space and is centrally located at the convergence of the Midtown and Wynwood submarket’s’ high-traffic retail corridor, with immediate access to thousands of new residential units.

Gateway at Wynwood is just minutes away from Miami’s Central Business District (CBD), Midtown, Edgewater, the Arts and Entertainment District, Brickell, Miami Beach, and a variety of mass transit options including I-195, the Miami Metrorail and the new Brightline commuter rail line connecting Miami to Fort Lauderdale and Palm Beach.

Terra Locks Down $43.5 Million Refinancing For 'Residences In The Grove' Coconut Grove Condo

Terra, in partnership with AB Asset Management, has secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit luxury condominium located at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing, provided by City National Bank of Florida and KS Finance Corporation, will fund preliminary demolition and site-work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.

Designed by Arquitectonica, the five-story development will boast a beautiful design centered around a coral rock façade and sustainable features that will blend in seamlessly with Coconut Grove’s existing landscape and tree canopy. The project will also include approximately 22,000 square feet of wellness focused street-level retail space.

“Our ability to secure favorable financing for Residences in the Grove speaks to the growing demand for residential product in the thriving Coconut Grove district, which is home to walkable streets, top-tier schools, and some of Miami’s most exciting retail and dining destinations,” said David Martin, CEO of Terra. “Terra has been on the front lines in reinvigorating Coconut Grove dating back nearly a decade and we’re excited about continuing that tradition with this new development.”

“Coconut Grove is experiencing a surge of demand as people and businesses continue to move to South Florida. Terra was one of the first developers to recognize Coconut Grove’s potential as a mixed-use destination, and the firm has delivered several residential and commercial projects that are bringing the district to life,” said Gary Fitzgerald, Executive Vice President, Real Estate Banking Executive at City National Bank of Florida. “When you consider the neighborhood’s appeal, the strength of Miami’s residential market, the quality of this location, and Terra’s track record, the decision to finance this transaction made perfect sense.”

Terra’s portfolio of residential and commercial developments throughout Coconut Grove include the Bjarke Ingels-designed twisting towers of Grove at Grand Bay; the Rem Koolhas/OMA-designed Park Grove condominium towers; and the Touzet Studio-designed Mary Street class A office building. Terra is currently developing the two-tower Mr. C Residences luxury condominium, and Grove Central, a mixed use transit-oriented retail and residential development, both of which are slated for completion later this year.

Newgard Development Group To Bring Acclaimed NY Restaurant AVRA Estiatorio To LOFTY Brickell

Forward-thinking real estate developer Newgard Development Group has revealed that the acclaimed Greek restaurant AVRA Estiatorio will be opening in LOFTY Brickell, a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s financial district. A collaboration between co-founders Nick Tsoulos, Nick Pashalis and Marc Packer, AVRA is a destination that transports diners to the whitewashed islands of Greece with its decor and cuisine including incomparably fresh seafood, vegetables and hand-pressed extra-virgin olive oil.

LOFTY is already one of the Miami condo market’s most successfully sold buildings and the most elevated offering in Newgard Development’s flexible ownership concept. AVRA’s flagship New York location opened on East 48th Street in 2000; today the brand has two more Manhattan locales, another in Beverly Hills, and most recently opened a fifth location at The Estates at Acqualina™ in Sunny Isles Beach. LOFTY will be the restaurant’s second South Florida location.

“We were looking to curate the right restaurant partner that is aligned with the elevated lifestyle that defines our LOFTY brand,” said Newgard Development Group CEO Harvey Hernandez. “AVRA offers a wonderfully creative menu and truly unique dining experience that fully complements the vibe we aim to create for our owners and guests.”

With interiors designed by Rockwell Group, AVRA Brickell will occupy more than 10,000 square feet and have a 300-seat main dining room along with elegant outdoor seating overlooking the Miami River. Other design elements will include a spacious bar area, an expansive seafood display on ice similar to those found at traditional Greek markets, and a sleek aesthetic inspired by the Greek village of Nafpaktos, where Avra’s co-founder Nick Tsoulos was born and brought up.

AVRA’s cuisine is inspired by the seaside tavernas dotted all over Greece’s coast and more than 200 islands. The menu offers iterations of fresh fish with familiar favorites such as branzino, red snapper and wild Dover sole, as well as rarer Mediterranean gems like fagri and lithrini. Picking your seafood from the ice display that features in-season catch is a signature part of the AVRA experience.

The wine program is as impressive as the food with a list that includes more than 1,200 varieties and spans the globe. When it comes to spirits, AVRA’s options number in the hundreds and include 25 varieties. Greek spirits are part of the mix with ouzos and mastichas, and the cocktails are creative and a nod to Greece.

Michael Comras, Michael Silverman and Jeff Evans of the Comras Company of Florida facilitated the lease transaction.

“AVRA is a world-class restaurant that aligns nicely with the LOFTY brand and provides further activation along the Miami River,” said Comras. “We are pleased to be associated with this innovative residential project and look forward to curating other exciting lifestyle-brands for Newgard.”

Designed by Arquitectonica, the 362-unit LOFTY features 309 tower residences including studio, one- and two-bedroom units alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, a members-only social club, resort pool deck and fitness center, indoor/outdoor cigar lounge, co-working lounge and meeting rooms.

LOFTY’s 53-unit Penthouse Collection offers spacious two, three and three-bedroom plus den residences that are curated and will be furnished by revered design firm Artefacto. Penthouse prices range from $1.95 million to over $3.5 million.

Located directly across from Brickell City Centre, LOFTY is the next evolution of condo ownership, conceived to bring a 5-star alternative for the owner and traveler that might prefer to stay and own differently – yet does not want to compromise on the services and amenities of a hotel. Each residence will be delivered fully finished and furnished and, with professional management, will permit short-term rentals.

Cervera Real Estate serves as the exclusive sales and marketing partner for LOFTY Brickell. LOFTY Brickell is located at 99 SW Seventh St., Miami, FL 33130.

Images via LOFTY Brickell and AVRA Estiatorio

Continuum Company Announces Cullen Mahoney As New Senior Development & Acquisitions Officer

Continuum Company, a New York City-based boutique real estate development firm focusing on ground-up developments that create value for both the consumer and investor, announced today that Cullen Mahoney is joining the company as the Senior Development & Acquisitions Officer for Florida.

“Continuum Company is thrilled to welcome Cullen to the team,” Alexandra Eichner, President of Continuum Company, said. “We believe he is the perfect addition as we begin to hone in on the South Florida real estate market.”

For the past two decades, Continuum has eyed South Florida as an up-and-coming real estate enclave. In 2000, Continuum launched its first South Florida-based high-rise project, now known as the Continuum, which boasts a 42-floor north tower and a 37-floor south tower for a total of 527 units. Continuum has recently emphasized further expanding its projects into the South Florida market. Spearheaded by Alexandra Eichner and Phil Gutman, President of PGutman, Continuum has commenced construction on La Baia South, which is 100% sold, and launched sales on La Baia North. Additionally, Continuum just announced that it acquired a 1.34-acre site in North Bay Village for a brand-new luxury condominium building.

Enter Mahoney – with over a decade of experience in real estate and development in South Florida, he will serve as a tremendous asset to Continuum as the firm continues to expand into the Florida market. Prior to joining Continuum, Mahoney worked as a Development Manager for Miami-based Related Group. In this role, he worked on several Miami-based development projects in both the luxury condominium division and the market-rate apartment division, most notably his involvement with Residences by Armani/Casa. His collective real estate projects portfolio is valued at over $1 billion.

Prior to joining Related Group Mahoney graduated from University of Miami School of Law with a Masters of Law in Real Property Development.

“Since the pandemic, South Florida has seen unprecedented growth. While inflation impacts construction costs and higher interest rates cool demand, we are continuing to see a steady wave of sophisticated buyers transacting in our market,” Mahoney said. “Continuum is carefully curating development sites and providing a high-quality product that continues to be prosperous regardless of market conditions. I am excited to join the team,” he adds.

CMC Group and Morabito Properties Top Off Construction On Onda Residences In Bay Harbor Islands

Ugo Colombo’s CMC Group and Valerio Morabito’s Morabito Properties have topped off Onda Residences at 8 stories in Miami’s exclusive Bay Harbor Islands community. The bayfront Onda Residences is a 41-unit boutique luxury condominium project being developed along Biscayne Bay at 1135 103rd Street. 85% of its units are already sold ahead of its completion which is slated for later this year. Coastal Construction serves as the development’s general contractor. Onda will be the first newly-built condominium to deliver and welcome residents among a slew of recently launched projects coming over the next few years to Bay Harbor Islands, which is currently experiencing a surge in new development activity.

“Once complete, Onda will be a coveted residential retreat in one of Miami’s most desirable neighborhoods,” said developer Ugo Colombo, Founder of CMC Group. “The building’s boutique lifestyle, idyllic bayfront location, and timeless design will make it a standout property for years to come,” added developer Valerio Morabito, CEO of Morabito Properties.

Residences consist of impeccably finished units ranging from two- to four-bedroom plus den floorplans, measuring between 1,809 and 3,535 square feet in size. Four penthouse residences measure up to 5,073 square feet – two of which include private rooftop pool decks. With only a limited selection of residences remaining, inventory is priced between $5 million and $8.4 million.

All residences will feature an office/den, private and semi-private high-speed elevators, floor-to-ceiling, impact-resistant sliding glass doors and windows, spacious tiled terraces with private gardens, open floor layouts with up to 9-foot grand ceiling heights, fully-accessorized Snaidero kitchens with top-of-the-line Miele appliances, bathrooms with Italian marble and wood cabinetry, exquisite Italian flooring throughout, energy-efficient air conditioning and heating systems with ultra-quiet technology, and air and water filtration systems.

Onda – also known as the Italian word for “wave” – is designed by Bernardo Fort-Brescia of Arquitectonica, with interiors imagined by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture, and lush landscaping by award-winning landscape architect Enzo Enea of Enea Garden Design.

Onda’s prime Bay Harbor Islands location offers more than 300 linear feet of bay frontage and sweeping views of Biscayne Bay and the Atlantic Ocean. Among Onda’s most popular features is its private marina with 15 boat slips, which are exclusively available for residents to purchase. The development will also include a water sports launch dock with kayaks, paddle boards and inflatables available for use, in addition to direct ocean access through Miami’s Haulover inlet.

Building amenities will include a rooftop pool deck and lounge area; a state-of-the-art fitness center with Technogym equipment, a yoga studio, a spa with massage treatment rooms, changing facilities, and steam bath and sauna rooms. Onda will also feature personalized services, state of the art security and technology along with a front desk reception, covered valet drop-off area, personal parking spaces, electric vehicle charging stations and bicycle storage, and residential storage space. The building will offer an integrated digital concierge along with readily accessible WiFi throughout all public spaces, and FTTH (fiber to the home) technology for voice, video and high-speed internet.

Colombo and Morabito previously partnered in 2016 to lead the development of Beach House 8, a nearby boutique waterfront condo building on Collins Avenue in Miami Beach. Most recently, Colombo and his firm CMC Group delivered Brickell Flatiron, a 64-story luxury tower in Downtown Miami’s Brickell Financial District. Now, the firm is gearing up to start construction at Vita at Grove Isle, an ultra-luxury boutique condominium development located on the private island of Grove Isle in Miami’s Coconut Grove neighborhood. Morabito is also currently developing Wyncatcher, a mixed-use office development in Miami’s Wynwood Arts District.

Images via CMC Group/ Morabito Properties/ Become Legendary