Arquitectonica-Designed 42 Pine Tops Off Luxury Boutique Condo In Miami Beach

The Arquitectonica-designed 42 Pine, the highly anticipated boutique residential building at the nexus of iconic Pine Tree Drive and 42nd Street, has topped off, marking a milestone along its timeline for completion, which is estimated for Q1 2024. The eight-story building will reflect timeless sophistication and serve as a beacon for the neighborhood. The project secured $35.5 million in financing from BridgeCity Capital to begin building last year. Limited residences remain with prices ranging from $700,000 to $3,000,000.

“The pace of construction is impressive, and we are proud to be involved in a project that brings a new level of luxury to the area,” said Allan Lebovits, CEO of BridgeCity Capital. “This is a unique opportunity in a highly coveted pocket of Miami Beach, and the sales velocity to date is a testament to the strong demand for new luxury residences.”

The first full-service boutique condominium in the area offers 50 turnkey residences ranging from one to four bedrooms, including eight penthouses, meticulously crafted to deliver a bespoke lifestyle rooted in community and convenience. Spanning 700 square feet to 2,700 square feet for combined units, each elegantly appointed residence is delivered ready to be occupied, with Arquitectonica-designed interiors intended to maximize space and build a connection to the outdoors. Sweeping floor-to-ceiling windows and doors usher in an abundance of natural light, and private terraces with glass railings provide a seamless indoor/outdoor living experience.

“42 Pine is a defining project in one of Miami Beach’s most dynamic and walkable neighborhoods,” said Jay Phillip Parker, Chief Executive Officer of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “We are excited to be another step closer to delivering these unparalleled residences and their luxury lifestyle, which will set the precedent for new development around storied 41st Street.”

Residents will enjoy a host of resort-style amenities and services for every age. Thoughtfully curated indoor and outdoor spaces include an amenity deck with a 52-foot pool, relaxation spa, cabanas and poolside service, plus a yoga and meditation lawn–all surrounded by lush tropical landscaping. The property's state-of-the-art fitness center offers advanced cardio and weight-strengthening equipment complemented by an outdoor deck. Community-minded social spaces include a club and game room, media lounge, large outdoor terrace, and children’s play room. A dedicated team is available to anticipate residents’ every need, including concierge, doorman, valet, and porter service.

Located in one of the most sought-after residential neighborhoods in Miami Beach, at 340 W 42nd Street, residents can enjoy access to the beach, top-rated schools, fine-dining, houses of worship and boutique shopping experiences, all within walking distance.

Sales and marketing is exclusively managed by Mushka Jacobson with Douglas Elliman.

Images via Golden Dusk Photography | Renderings via 42 Pine

Museum of Ice Cream Set To Open Permanent Location In Miami Worldcenter In Early 2024

Get ready to satisfy your sweet tooth, as Museum of Ice Cream (MOIC), an inclusive and interactive environment dedicated to all things ice cream, is gearing up to open a permanent Miami location in early 2024. Known for its whimsical exhibits that energize the senses, MOIC will return to the Magic City at the new Miami Worldcenter development in the heart of Downtown Miami, located steps from Miami’s Kaseya Center, home of the Miami Heat.

In 2017, MOIC appeared in Miami Beach as a limited-time pop-up that was scheduled to last only two months, but created such high demand that it was extended several times, lasting a total of six months. In November 2022, it returned for one weekend as an ice cream paradise pop-up pool party at the adults-only boutique property, Hotel Greystone.

MOIC’s new 14,000+-square-foot permanent location at Miami Worldcenter will be designed by the MOIC in-house team, along with the use of AI technology, bringing the same sense of child-like joy and wonderment experienced at MOIC’s previous highly successful pop-ups.

The multi-platform, immersive experience will span two floors transporting guests into a world of surprise and delight, fostering human connection through the shared love of ice cream. It will feature 10 unique, interactive installations inspired by the energy and vibrancy of Miami, including the Cream Liner, a luxury airliner experience inspired by the 60s and 70s; Mary-E’s Diner, a retro-futurism inspired hub and gathering place for ice cream-themed drinks and food; and The Hall of Freezers, an exploratory space filled with dozens of mysterious refrigerator doors that are sure to peak curiosity; and of course, MOIC’s iconic sprinkle pool. A feast for all the senses, guests will enjoy unlimited sweet treats from five stations during a 60-90 minute journey, led by talented #TeamMOIC performers.

“We’re thrilled to have a permanent home for Museum of Ice Cream in Miami,” said Museum of Ice Cream Co-Founder and CEO, Maryellis Bunn. “Miami is a vibrant city known for its culture, love of fun, and artistic creativity. We’re excited to join the city’s growing Downtown, surrounded by popular destinations like the Wynwood Arts District, the Design District, and the Brickell Financial District. It is such a natural fit for us as we continue to grow and expand, and we can’t wait to share our playful and interactive exhibits with the local community and visitors from around the world.”

Miami Worldcenter is a new $6 billion mixed-use destination in Downtown Miami. The 27-acre development spans ten city blocks with a diverse mix of residential, commercial, and hospitality uses complemented by an array of retail, restaurant, and entertainment options.

“Such a fun and unique concept like Museum of Ice Cream will without a doubt be a treat for Downtown Miami locals and visitors alike,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “The Museum will not only enhance the city’s status as a global arts and culture destination but will also be a wonderful complement to Miami Worldcenter’s various entertainment options. We are thrilled to become the home of Museum of Ice Cream’s first permanent Miami location.”

“Museum of Ice Cream has set a new standard for creative experiences at a time when people are drawn to places where they can find innovative and memorable activities,” said Shaul Kuba, Co-Founder and Principal, CIM Group, partner in Miami Worldcenter and leader of CIM’s leasing platform. “Through our work with Museum of Ice Cream at other locations, we have seen first-hand the allure of the Museum and its contagious positive energy.”

Slated to open in early 2024, MOIC will debut at Miami Worldcenter at 851 NE 1st Avenue (Unit #134) along the development’s pedestrian promenade between 1st and 2nd Avenues.

Renderings via Museum of Ice Cream and Miami Worldcenter

Related Group and LNDMRK Acquire Three-Parcel Site In Edgewater For $12 Million

The Miami-based Related Group, along with partner Alex Karakhanian at LNDMRK, have acquired 18,000 sq. ft. land parcel encompassing three adjoining sites in Miami’s Edgewater neighborhood. Located at 519, 525, and 535 NE 29th Street, the land overlooks Biscayne Bay and provides easy access to MacArthur Bridge, connecting Edgewater to Miami Beach, and to I-195, leading north to Fort Lauderdale and Palm Beach. Related and LNDMRK paid $12 million for the largely undeveloped site.

“Related identified the growth potential of Edgewater years ago, when we delivered the transformational, four-tower Paraiso Bay community along with Edgewater’s first five-star waterfront restaurant, Amara at Paraiso,” said Nick Perez, President of Related’s Condominium Division. “Edgewater offers it all- prime waterfront views, world-class culinary offerings, and easy access to other key hubs, from the Design District to Miami Beach. This newest acquisition is another step forward in our efforts to solidify the area as a true hot spot.”

“We’re thrilled to announce our acquisition of this premier property in Edgewater,” said Alex Karakhanian of LNDMRK Development. “We look forward to expanding our relationship with Related, who is also our partner on two other nearby projects, The Dorsey and NoMad Residences Wynwood.”

The seller, PPD Edgewater LLC was managed by Esteban Koffsman for the deal, and brokers Joel Rodriguez and Alex Suarez of Global Investment Realty brokered the transaction. LNDMRK Development is a principal based real estate company that primarily focuses on sourcing, acquiring, and developing commercial, residential, and mixed use projects throughout the Southeastern United States. Related and LNDMRK continue to pursue additional joint opportunities throughout South Florida.

Cipriani Residences Miami Reveals First Look At Exclusive, Record-Setting Canaletto Collection

Soaring 80 stories above Miami’s Brickell neighborhood and Biscayne Bay, Cipriani Residences Miami, the luxury hospitality brand’s first-ever ground-up development in the U.S., has revealed a first look at the Canaletto Collection, an exclusive assemblage of ultra-luxury residences and penthouses on the top 18 floors of the tower. This limited 70-home collection represents Brickell’s highest level of luxury, featuring sweeping views stretching from the Miami city skyline to the Bay toward Miami Beach, and sets a new price-per-square-foot record in the area with Penthouse 1, the first of six penthouses, listing for $3,333 per square foot. Cipriani Residences Miami is being developed by Mast Capital expected to be completed in 2026.

As the crowned jewel of Cipriani Residences Miami, the Canaletto Collection will offer a boutique experience to residents that includes priority access to the tower’s private speakeasy and dining spaces, exclusive global concierge services and custom finish and furniture packages designed by international renowned design firm 1508 London. The collection will also feature direct elevator entry and a limited number of residences per floor appealing to discrete residents who prioritize privacy.

“We’re thrilled to introduce the Canaletto Collection, an exclusive number of homes atop the building, offering ultimate privacy, inspiring views, and custom 1508-designed furniture packages to create a living experience like no other,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “The luxury of living in a building of this caliber, in conjunction with the exclusive finishes, services and concierge offered, make this one-of-a-kind collection the most aspirational residences in the Brickell area.”

Within the Canaletto Collection there will be six penthouses, each of which exude the high caliber design associated with the Cipriani brand. Penthouse 1 is among the first to hit the market, priced at $16.2 million, or $3,333 per square foot. Spanning 4,888 square feet of interior space and 4,333 square feet of outdoor terrace, the home features four bedrooms, five and a half bathrooms and includes a summer kitchen and infinity-edge swimming pool. Pricing for the penthouses starts at $9.5 million and combined indoor-outdoor square footage starts at 4,771.

The Canaletto Collection’s two- to five-bedroom residences offer an unrivaled living experience, boasting thoughtful, streamlined design customizations from whole home automation systems to book-matched marble in the primary bathrooms. Starting at $3.65 million, 1508 London envisioned upgraded finishes that uphold the prestigious aesthetic of the Cipriani brand and complement the expansive water views. In the great room, high-gloss Canaletto wood wraps the rounded columns – a prominent, exclusive feature that inspired the name of the collection and come standard. New Calacatta marble is an option for counters and backsplashes to grace the chef’s kitchen, and expanded wood millwork creates beautiful bookshelves and casings for storage and design displays. The residences will also come fully wired to house a Lutron home automation system that will ultimately allow residents to control all electronic aspects of their home, such as lighting, security systems and audio.

The exclusive opportunities for further customization options differentiate the Canaletto Collection. 1508 London has designed custom furniture and accessories for the homes, as well as curated two upgraded, for-purchase interior packages for its residents – the ‘Tradizionale’, the signature Cipriani style, and a more contemporary one, the ‘Contemporaneo’. The upgrades offered include book-matched stone in the primary bathroom and built-in illuminated cabinet framing the primary bathroom vanity. Specific to the penthouses, exclusive interior architecture packages include wall coverings and paneling, ceiling detailing, custom millwork, stone portals, and metal joinery.

Residents of the Canaletto Collection will also have an array of dedicated services and benefits at their disposal. A speakeasy on the 37th floor inspired by the original Harry’s Bar in Venice will offer them priority access, while a dedicated Cipriani concierge is at their disposal to coordinate direct reservations and inquiries as well as provide bespoke services and accommodations around the world. The lifestyle has been carefully curated to build upon the tower’s celebrated location in the heart of Miami’s Financial District and attract the most discerning of buyers.

In tandem with its renowned Italian hospitality, Cipriani Residences Miami features a premium amenity collection. Residents and the guests of the 397 homes will enjoy exclusive access to a private Cipriani restaurant, catering services as well as around-the-clock, in-residence dining by Cipriani. 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 a robust wellness offering which includes a fully equipped state-of-the-art fitness center, spinning room, 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 an elevated 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.

Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales.

Renderings via The Boundary

SB Development And Hazelton Capital Group Launch Kobi Karp-Designed Cove Miami Waterfront Condo in Edgewater

New York-based development firm SB Development and Hazelton Capital Group have launched sales for Cove Miami, a boutique waterfront condominium in Miami’s fast-growing Edgewater neighborhood. The new development marks the latest addition to SB Development and Hazelton Capital Groups’s impressive portfolio and their first project in Miami. The luxury waterfront project is expected to occupy approximately 450,000 square feet and rise 40 stories high, featuring 116 units ranging from 2 to 4 bedrooms with prices starting at $1.3 million to over $3 million. OneWorld Properties serves as the exclusive sales and marketing team.

“We’re elated to deliver Cove Miami to the Edgewater neighborhood as our first residential real estate project in Miami,” said Joseph Stern, Partner and Co-founder of SB Development. “Throughout the last several years, we have monitored the growth in Miami and identified this neighborhood as the next go-to destination for those seeking waterfront living in the heart of Miami. We are immensely proud to introduce a high-end boutique waterfront condominium that caters to the needs of residents. We aim to build a sanctuary that not only attracts our buyers but also enhances the allure of this lively and highly desirable location, ultimately contributing to the area's transformation into a hub of luxury living.”

Kobi Karp and Dieguez Fridman collaborated in designing the architecture, while the interiors were curated by Dieguez Fridman. The residences themselves boast expansive floor-to-ceiling windows for unobstructed views of Biscayne Bay, the Atlantic Ocean, and the entire city of Miami, and spacious living areas for residents to relax in tranquility. Cove Miami offers direct access to the Biscayne Bay boardwalk and a floating dock for waterfront sports. Situated between Downtown Miami and the Design District, Edgewater is the perfect location for those looking for an urban setting that offers a blend of city living and waterfront lifestyle. Having developed tremendously in the past few decades with the mass arrival of new construction condominiums, Edgewater has quickly become one of Miami’s most desired residential neighborhoods.

"Edgewater has become an exclusive residential destination that has caught the attention of developers across the country," stated Peggy Olin, President and CEO of OneWorld Properties. "The area offers a unique fusion of urban and waterfront living, creating a vibrant residential hub that combines the best of both worlds. Cove Miami embodies the essence of a sophisticated boutique lifestyle, providing residents with ample space and privacy to unwind in the center of it all. With growing interest from developers in New York, Cove Miami has the potential to transform the vibrant city of Edgewater. We are thrilled to introduce Cove Miami and believe it will redefine this thriving community.”

Cove Miami offers an array wellness amenities including a state-of-the-art fitness center with a spin auditorium, a yoga room, a spa with a cold plunge, massage rooms, hammam, a sauna, resort-style infinity pool, private cabanas, an outdoor meditation zen garden, a rooftop summer kitchen with grills, and a rooftop bar, a business center with co-working spaces, conference room, and private offices with a terrace. For more private events, Cove Miami provides a private dining room with a chef's kitchen, as well as an owner's lounge with wine storage.

Additionally, Cove Miami offers a wide range of luxurious and convenient amenities for residents to enjoy. An attended lobby with a lounge welcomes residents and guests, while valet parking with electric vehicle charging capability ensures convenience and promotes sustainability. The development features a waterside restaurant, offering a peaceful setting to savor a meal while admiring the beautiful surroundings of Biscayne Bay. For entertainment, residents can take advantage of the theater and performance entertainment room, game and billiards room, and children's playroom.

Renderings via SB Development

Related Group's Casa Bella Residences by B&B Italia Sets Record Price Per Square Foot With $12.6 Million Penthouse Contract

Miami-based real estate developer Related Group and partner Alta Developers have signed a contract for a 54th-floor, 5,893-square-foot triplex penthouse at Casa Bella Residences by B&B Italia for $12.6 million, or $2,138 per square foot, signifying what will be the most expensive condominium sale on a price-per-square-foot basis in Downtown Miami’s highly desirable Arts and Cultural District. Casa Bella Residences by B&B Italia has achieved nearly $50 million in signed contracts over the past 60 days. Fortune International Realty is the building’s exclusive sales and marketing agent with a sales team led by Olga Monson. Maribele Faura of Coldwell Banker represented the buyer in the penthouse sale. Demolition of the Casa Bella site is underway with the groundbreaking anticipated for Summer 2023.

“Related takes pride in creating exceptional residential properties that stand out from the rest. Casa Bella exemplifies this philosophy with two defining features: an unbeatable location in the heart of Miami’s city center, and an elegant Italian-inspired design envisioned by B&B Italia’s very own Piero Lissoni,” says Nick Pérez, President of Related’s Condominium Division. “The recent surge in sales activity is a testament to the major appeal this project has among buyers who recognize its inherent design quality, as well as the remarkable benefits associated with the burgeoning growth of Downtown Miami’s urban core.”

Casa Bella represents the first residential partnership for the famed Italian design house, B&B Italia, known around the world for its high-end collaborations with legacy brands such as Rolex, Hermès and Rolls-Royce. With architecture by Arquitectonica and interiors by renowned designer Piero Lissoni — who also serves as creative director for B&B Italia — and the B&B Italia team, every aspect of the building is envisioned as an oasis, offering a refined Miami aesthetic rooted in contemporary Italian design.

The 56-story tower offers 317 residences ranging from one to four bedrooms, all of which feature soaring ceilings, sweeping views, private elevator access, state-of-the-art kitchens with Sub-Zero and Wolf appliances and an exquisite selection of European-fixtures. Casa Bella’s Penthouse Collection comprises 10 exquisitely-designed homes with seven distinct floor plans, the crown jewel of which is a pair of 54th-floor triplex residences with private rooftop terraces, each featuring spa pools and indoor/outdoor summer kitchens with stunning water views. Of these two penthouses, the remaining triplex is available for $12.3 million. The 54th-floor is also home to two outstanding duplex penthouses, spanning 4,100 and 4,560 square feet and priced between $8 million and $10 million.

To further elevate the residential experience, Casa Bella offers two full floors of amenities, complete with spaces overlooking Biscayne Bay. These spaces range from a spacious party room to a wine vault and tasting lounge, as well as a top-of-the-line private theater and co-working spaces. A world-class Wellness Center caters to fitness-minded residents, featuring professional-level equipment, as well as dedicated yoga and spin rooms, while the spa facilities offer an array of on-demand services including massages, facials, blowouts and manicure/pedicures.

Outdoors, landscape architect Enzo Enea envisioned a pool deck with lush Italian-inspired gardens to create an oasis within Downtown Miami. The 80-foot lap pool is surrounded by private cabanas and shaded lounge areas, as well as an open-air lawn for yoga and meditation. A poolside bar and Mediterranean café will have light bites and refreshments on offer. On the 56th floor, residents can access the tower’s rooftop pool and terrace, which is complete with a state-of-the-art observatory.

A personal concierge is available to assist residents on or offsite. Services include housekeeping, grocery shopping and delivery, dry cleaning and laundry, nanny and childcare, overnight shoe-shining, pet care services and personal tech support. For added ease, residents will have the opportunity to work directly with B&B Italia’s celebrated designers to outfit their units. B&B Italia will offer move-in-ready packages with furnishings and décor for each floor plan type. There is also the opportunity for buyers and designers to personalize their units using pieces from B&B Italia collections.

Located at 1400 Biscayne, Casa Bella offers a prime location in the Arts and Cultural District, which is coming into its own as the heart of Miami’s “New Downtown.” The property offers buyers ease of access to nearby hotspots such as the Pérez Art Museum Miami, Frost Museum of Science, the Adrienne Arsht Center for the Performing Arts and Keseya Center.

Images via Related Group

E11EVEN Partners and PMG Break Ground On E11EVEN Residences Beyond In Downtown Miami's District 11

Developers PMG and E11EVEN Partners have broken ground on E11EVEN Residences Beyond, part of the E11EVEN Hotel & Residences Miami development, an ultra-luxury, dual-tower development located in Miami’s District 11. Located at 90 NE 11th St. in the newly expanded entertainment destination, the E11EVEN Hotel & Residences Miami project has taken Miami by storm, continuing to break sales records and offer a unique experience to buyers unlike anything the community has ever seen before. E11EVEN Partners Marc Roberts, Michael Simkins, and Dennis DeGori and PMG partners Ryan Shear, Kevin Maloney and Dan Kaplan are the developers of the E11EVEN Hotel & Residences development.

“E11EVEN Residences Beyond’s groundbreaking marks a crucial next step in constructing the future of District 11,” said Michael Simkins of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “This incredible property offers residents an optimized lifestyle unlike any other in Miami, featuring top-notch dining, elite services, and lushly appointed residences all within one highly energized location. Once built, it will set the standard for ultra-luxury living and entertainment districts across the country.”

This groundbreaking comes on the heels of recent announcements at E11EVEN Residences Beyond including the addition of The Clayton, an ultra-premium $25 million private social and cigar club, and the recent expansion of the tower to offer additional units for sale and more amenity space, which was made possible by an incredibly high demand for these residences and record-breaking sales success across the dual-tower development as a whole.

E11EVEN Hotel & Residences’ first tower also recently announced Riviera Dining Group will join its extraordinary lineup of offerings with a second-floor restaurant with a ground-floor escalator entrance for direct access, as well as an upscale lounge and private membership club located on the tower’s rooftop.

“The groundbreaking of E11EVEN Residences Beyond is a monumental milestone for PMG and E11EVEN Partners,” said Ryan Shear, Managing Partner of PMG. “From its inception, E11EVEN Residences Beyond has carried a tremendous amount of buyer excitement and energy with it. From the private helipad to the stellar hospitality concepts like The Clayton, the caliber of offerings is unlike any tower in South Florida.”

“E11EVEN Residences Beyond places buyers in the epicenter of District 11, exposing them to the amazing business opportunities, high quality of life, and unparalleled 24/7 entertainment expected of Miami living,” said Marc Roberts of E11EVEN Partners and co-developer of E11EVEN Hotel & Residences. “We cannot wait to further cement this project’s status as a premier ultra-luxury residential development in Miami’s most coveted neighborhood.”

Centrally located in Downtown Miami’s District 11, E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offers a resort-style, entertainment-driven experience and destination – the first of its kind in the Southeastern United States. Floor plans at both of its towers range from studios to two bedrooms in addition to a presidential collection and penthouse suites. Each unit comes equipped with fully-integrated “smart building” features, Subzero and Wolf appliances, custom ITALKRAFT Italian cabinetry, top-level finishes, and designer-curated furnishings. The soaring 65-story towers will be designed by internationally renowned Sieger Suarez Architects with interiors by award-winning design firm AvroKO.

Amenities for E11EVEN Residences Beyond and E11EVEN Hotel & Residences include a world-class Chopra Spa & Studio, a five-star restaurant collection by Riviera Dining Group, a casino-style sports lounge, a world-class med spa, a rooftop pool and bar, and an E11EVEN day club and pool on the 11th floor. In addition to the first tower's amenities, buyers at E11EVEN Residences Beyond will have ultra-exclusive access to the E11EVEN Beyond Members Social Club and private facilities only available to residents of the second tower including a helipad, a signature restaurant, fully staffed executive office suites, and a state-of-the-art fitness center, as well as the expanded resort-style pool.

“In all my years in the industry, I have never seen a residential building secure buyer attention and surmount previous standards of luxury living and day-round entertainment like this one has,” said Dennis DeGori of E11EVEN Partners. “The E11EVEN brand is committed to creating unique and captivating experiences, and it is safe to say that the two towers of E11EVEN Hotel & Residences Miami live up to this namesake with amenities like a day club, night club, and signature restaurants all at one’s doorstep. PMG and E11EVEN Partners have truly outdone themselves here with this one-of-a-kind, world-class building.”

Renderings via ARX Solutions

FIRST ON PROFILE: Swire Properties Reveals One Island Drive Including 'The Residences at Mandarin Oriental, Miami' Set To Rise Over 800' On Brickell Key

FIRST ON PROFILE: Swire Properties has revealed the first official details of One Island Drive, an unparalleled residential and hospitality destination set within a secluded island sanctuary moments from Miami’s vibrant urban core. Surrounded by waterfront vistas, One Island Drive will be one of the crowning achievements of Swire Properties’ portfolio of world-class properties and is destined to be a defining landmark on the Miami skyline.

Located at the southernmost point of Brickell Key, the exclusive island community that Swire Properties has been developing for over 40 years, One Island Drive will be an oasis of calm, featuring two architecturally spectacular towers. The first tower, consisting of ‘The Residences at Mandarin Oriental, Miami’ and rising to over 800 feet, will feature an exquisite collection of 220 two-to-four-bedroom private homes with expansive floorplans of up to 4,700 square feet and two exclusive duplex penthouses at the top of the building, each spanning over 6,000 square feet. Approximately 400 feet tall, the second tower will feature the next iconic North American Mandarin Oriental hotel with 151 guest rooms along with 61 private Residences and 28 hotel Residences.

“Swire Properties has been headquartered in Miami for over 40 years, and in that time, we are proud to have transformed Brickell Key into one of the most sought-after locations in the city. With One Island Drive, we have taken the last prime waterfront site and created an island sanctuary that will be a destination for connoisseurs of luxurious design, intuitive service, and meticulous craftsmanship. Destined to become Miami’s most coveted condominium address, One Island Drive pairs intricately designed interiors with expansive private outdoor spaces that offer unmatched views of Biscayne Bay and the glittering skyline. With all the glamour and excitement of Miami, including convenient access to the city, One Island Drive offers the ultimate privacy for residents and guests. Surrounded by natural beauty, sparkling waters, and majestic vistas, there is no other location in Miami that provides what we are creating at One Island Drive,” said Henry Bott, President of Swire Properties Inc.

Offering panoramic views of Biscayne Bay, each tower will be connected by an expansive, resort-style podium with over 100,000 square feet of unrivaled amenities including a collection of multi-tiered, landscaped infinity swimming pools blurring the lines between land and sea, private cabanas, executive work lounges, private dining rooms with chef kitchens, world-class restaurants, a signature spa, and state-of-the-art health and wellness facilities. Envisaged as a tropical Eden, the abundance of greenery throughout the development will create a natural canopy of color and texture and feature an extension to the beloved Brickell Key baywalk.

One Island Drive will be a beacon of understated luxury on the waterfront, and a first-of-its-kind collaboration brought to life by an award-winning global design team, each at the forefront of their respective fields. Kohn Pederson Fox Associates (KPF) will envision the bold exterior architecture that will redefine the skyline; Parisian designer Tristan Auer will bring his rich aesthetic vision to The Residences’ interiors; AD 100 and Elle Décor A-List Parisian designer Laura Gonzalez will create the hotel interiors; and renowned Thai firm Shma will lead the landscape architecture. This represents the first new development commission for Auer, Gonzalez and Shma in the United States.

“We are delighted to carry on our longstanding relationship with Swire Properties as we embark on our second iteration of outstanding hospitality within Miami,” said James Riley, CEO Mandarin Oriental Hotel Group. “Twenty-three years ago, Swire and Mandarin Oriental Hotel Group joined forces to open Mandarin Oriental, Miami, forever elevating the level of hospitality in the destination. With One Island Drive we will do it again, offering residents and hotel guests the highest level of service, accommodation, and luxury amenities, all of which are synonymous with the Mandarin Oriental brand.”

One Island Drive will be the first residential property to be built on Brickell Key in the past 15 years and represents the final opportunity to own a new residence on the island. Pricing to start from $3,500,000 when sales launch in late 2023.

Swire Properties has played a leading role in developing the neighborhood of Brickell and has created a new center of gravity in Miami with the development of the $1 billion, 4.9 million square feet, mixed-use development, Brickell City Centre, located across the causeway from One Island Drive.

Renderings via Binyan Studios

Sabal Development Sells Waterfront Miami Spec Villa On Venetian Islands For $21 Million

Sabal Development, an award-winning builder and developer, has sold a luxury custom-built villa on Venetian Island for $21 million. Togu Design redesigned the modern, waterfront home at 1370 South Venetian Way. The new residence features a rooftop deck with pool and jacuzzi, ground floor deck with lounge area, negative-edge pool and jacuzzi, and stunning views of the Miami skyline from South Beach to Brickell/Downtown Miami.

Dora Puig, the Principal Broker & Founder of Luxe Living Realty represented both Sabal Development and the buyer in the $21 million sale, which closed May 26th.

“This is just one example of the impressive, state-of-the-art product our team produces time and time again,” said Nicolai, Founder and CEO of Sabal Development. “We enjoyed working on Venetian Island and have a second property that we are excited to bring to the market soon.”

The two-story new construction villa has five bedrooms, seven bathrooms, a two-car garage, and almost 7,000 square feet of living space. The 10,500 square-foot lot has 60 feet of glorious waterfront views overlooking South Beach and Brickell/Downtown Miami.

With direct southwest exposure, the residence gets natural light year-round. The home features a spectacular open-living area and a dining area separated by an elegantly designed metal screen. The European eat-in chef’s kitchen features custom walnut-wood paneling and premium appliances. A huge bayfront infinity pool and lounge area highlight the outdoor deck. The rooftop patio is perfect for entertaining, surrounded by firepits with incredible views.

Sabal Development originally purchased the property in August 2020 for $4.2 million. In the last two years, Sabal Development has sold custom homes built by Sabal Luxury Builder with a total value of over $146 million.

Demolition Underway At Future Waterfront Site of Olara In West Palm Beach

Demotion has commenced on the future waterfront site of Olara in West Palm Beach, a luxury condominium tower that overlooks the Intracoastal Waterway. Olara is being developed by Savanna, a vertically integrated real estate investment and development firm with offices in New York and West Palm Beach. Set to transform he waterfront of North Flagler at 1919 North Flagler Drive, Olara will deliver premier condominium residences, 80,000 square feet of exclusive amenities including a private marina and world-class culinary experiences, and an unprecedented lifestyle for sophisticated clientele.

The milestone represents the first steps towards the project’s groundbreaking, which is scheduled for this fall. Construction for Olara will be led by SavCon and Gilbane, with completion slated for 2026. Residences are priced from $2 million with sales and marketing efforts exclusively overseen by Douglas Elliman Development Marketing and branding by King & Partners.

“We’re thrilled to reach this exciting milestone and begin the first phase of construction for Olara,” said Peter Rosenthal, Chief Development Officer of Savanna. “The vision for Olara was to re-invent and re-invigorate West Palm Beach. Between acquiring the property and working with our architect, Arquitectonica, on a modern design, the plans have been years in the making, so seeing the project start to come to life is really special.”

Once completed, Olara will rise 26 stories along the Intracoastal Waterway and feature 275 exceptional two- to four-bedroom plus den residences. Designed by Bernardo Fort-Brescia, founding principal of award-winning architecture firm Arquitectonica, the tower is a waterfront residential oasis with a timeless façade, differentiated by its soft curves and glass terraces that reflect the water before it. With interiors by world-renowned design studio Gabellini Sheppard Associates, the residences at Olara were envisioned to be bright, airy, and filled with abundant natural light through the floor-to-ceiling glass windows. They feature elegant European-style kitchens outfitted with honed Volakas marble countertops and a suite of Gaggenau appliances, as well as spa-inspired bathrooms with dual vanities. The neutral, natural color palette informs the finishes selected for the homes, such as the light oak flooring, white matte lacquer cabinetry, and bronze accents.

The lifestyle at Olara will also be enriched through an impressive 80,000 square feet of indoor and outdoor amenity spaces. Among some of the amenities are a private marina, resort-style swimming pool with private cabanas, world-class fitness center and spa designed by The Wright Fit, and 30,000 square feet dedicated to a restaurant and epicurean marketplace.

“As the sister company of Savanna, also expanding in South Florida, SavCon is proud to be working alongside Glibane to build West Palm Beach’s most desirable waterfront destination,” said Eric Desimone, Chief Executive Officer of SavCon. “We truly believe that Olara is going to change the landscape of the area, and we’re honored to have a role in bringing this project to fruition.”

Situated along North Flagler Drive to offer views of the Intracoastal and Palm Beach Island, Olara will provide an expansive four-acre oasis that’s easily accessible to some of the area’s most coveted dining and shopping destinations. Residents are in within minutes of white-sand beaches, Palm Beach Island, and downtown West Palm Beach’s four retail and entertainment districts: Clematis Street, Rosemary Square, Northwood Village and Antique Row, lined with fashionable boutiques and collectibles. Many cultural institutions surround Olara, such as the Norton Museum of Art, the Ann Norton Sculpture Gardens, and the Kravis Center for the Performing Arts, which regularly hosts Broadway shows, nationally acclaimed theater and dance troupes like the Palm Beach Symphony, the Palm Beach Opera, and the Miami City Ballet.

Olara is sponsored by a Savanna affiliate. Savanna is a proven owner, operator, developer, and institutional fund manager with a 30-year track record, it has invested in and developed over 17 million square feet of real estate. Other affiliated parties include the Mactaggart Family Partnership, which has invested in and developed premier real estate projects in the United States and England for over 100 years, as well as Haymes Investment Company and Brandon Rinker, who assisted in the acquisition of six of the eight parcels within the assemblage that became the Olara development site. Haymes and Rinker served as development consultants as the site was assembled and the development vision was finalized. The principals of Haymes Investment Company have owned, operated and developed millions of square feet of commercial, residential and retail real estate in New York, Florida, and around the United States. Brandon Rinker has assembled some of the premier sites in the Palm Beaches. Brandon is now a principal at Savanna.