PPG Development Launches Kobi Karp-Designed Bay Harbor Towers in Bay Harbor Islands

PPG Development and L3C Capital Partners have launched sales for Bay Harbor Towers, an eight story luxury waterfront condominium located at 10143 East Bay Harbor Drive in Miami’s exclusive Bay Harbor Islands. Fortune Development Sales will lead the exclusive sales and marketing of Bay Harbor Towers with prices starting at $1.9 million. PPG Development and L3C Capital Partners previously secured a $70 million dollar construction loan with MSD Capital for the project.

The luxury waterfront project will feature a collection of 44 spacious flow-thru, two-to-four-bedroom private residences distinguished by open-concept living spaces meticulously designed to capitalize on stunning views of Biscayne Bay and the Atlantic Ocean. Positioned in a prime location on the Indian Creek waterway, Bay Harbor Towers offers owners easy access to several hotspots in the area including Bal Harbour Shops, Kane Concourse, and Miami Beach.

In addition to the standout indoor and outdoor lap pools, amenities also focus on health and wellness by offering hot/cold plunge pools for year-round aquatic activities, a spa complete with a sauna, steam room, massage treatment room, relaxation zone, and an advanced fitness center featuring equipment by Paragon Studio.

Beyond these impressive amenities, each residence in Bay Harbor Towers exudes luxury through its sophisticated design and details. Each unit offers a full chef's kitchen that blends both elegance and functionality. The gastro-sanctuary features European-made oak wood cabinetry with intricate fluted detailing and brushed brass fittings, complemented by marble countertops and backsplashes, as well as functional details such as wine fridges, oversized workstation sinks and gas stove cooking. Additionally, the bathrooms feature custom double vanities with marble countertops, porcelain flooring throughout, an oversized sculptural soaking tub designed for deep relaxation, and full-height glass-enclosed showers.

“PPG Development is very excited to introduce Bay Harbor Towers, a project curated around inspired living,” said Ari Pearl, founder of PPG Developments. “Bay Harbor Towers offers unmatched amenities that address the needs of residents such as a wellness center that rivals a five-star spa, the only full-length lap pool of its kinds in a condominium building, private marina and more, all within the privacy of an architecturally significant development nestled in the heart of Bay Harbor. At PPG Development, we take pride in delivering projects that feature intentional spaces designed with the buyers' lifestyles in mind.”

Bay Harbor Towers is also complete with a private marina and boat dock slips, the development boasts extensive outdoor amenities, including a rooftop infinity pool and sundeck with sun-loungers, daybeds, and cabanas, an open-air summer kitchen and dining area, and a relaxing hammock garden and lounge seating area.

“Bay Harbor Towers offers an exclusive lifestyle where every detail has been designed to enhance residents’ daily lives through thoughtful elements that manifest in every detail throughout the building,” said Edgardo Defortuna, President and CEO of Fortune International Group. “We're looking forward to how this luxury condominium will bring an elevated sense of living to the Bay Harbor community, expecting it to redefine luxury waterfront real estate in the area.”

An unparalleled residential destination, Bay Harbor Towers showcases architecture by the globally renowned Kobi Karp, interior design by Steven G., and landscape architecture by CLAD. Bay Harbor Towers boasts a distinctive design that effortlessly blends luxury and convenience. Residents enjoy a range of amenities, including private and semi-private elevator access to their personal foyers, expansive open-concept living areas ideal for family gatherings and entertainment, floor-to-ceiling windows that fill the interiors with an abundance of natural light, and generous East and West terraces that provide the perfect vantage point for witnessing both sunsets and sunrises. The building's design makes a strong visual statement, incorporating dark features that demonstrate a high level of care and attention to these spaces.

Tucked away from the nearby hustle and bustle of metro Miami, Bay Harbor Islands offer a tranquil and picturesque residential haven. This peaceful retreat, in close proximity to the city's most popular attractions, provides the best of both worlds. Thanks to its ideal waterfront location and spacious balconies that invite indoor-outdoor living, Bay Harbor Towers embodies the quintessential Miami lifestyle.

Fortune Development Sales Named Exclusive Sales Brokerage To Represent The Residences at Mandarin Oriental, Miami

Swire Properties has appointed Fortune Development Sales to be the exclusive sales and marketing agent for The Residences at Mandarin Oriental, Miami. The Residences, an exquisite collection of private homes, is part of an unparalleled residential and hospitality destination set within a secluded island sanctuary, but only moments away from Miami’s vibrant urban core. This unprecedented development on Brickell Key will also be home to what is destined to become the luxury brand’s North American flagship hotel.

Fortune Development Sales, led by Edgardo Defortuna, has achieved tremendous success over several decades spearheading the sales of Miami’s preeminent luxury residential developments and has a long history of partnership with Swire Properties. Fortune is also the exclusive Miami affiliate of Christie’s International Real Estate, a global network of real estate firms in nearly 50 countries and territories around the world.

Through this strategic partnership, Christie’s International Real Estate offers buyers at The Residences at Mandarin Oriental, Miami, unprecedented global access to Christie’s renowned fine art auction house and international network.

“The Residences at Mandarin Oriental, Miami, is the pinnacle of Swire’s four-decade-long journey in developing Brickell Key and it was essential we selected a stellar team to represent this property in Miami and around the world. By working with Fortune Development Sales and Christie’s International Real Estate, we are ensuring The Residences at Mandarin Oriental, Miami will become a truly global destination,” said Henry Bott, President of Swire Properties.

"We are honored to have been selected by Swire Properties to spearhead the sales efforts for The Residences at Mandarin Oriental, Miami. This transformational development, with its island location and extraordinary architecture, will resonate with discerning buyers who are seeking a sophisticated lifestyle offering in Miami,” said Edgardo Defortuna, President and CEO of Fortune International Group.

The Residences at Mandarin Oriental, Miami, will be situated in two stunning towers at the southernmost point of Brickell Key. The first tower will stand at over 800 feet and offer 228 two-to-four-bedroom private homes with floorplans up to 4,700 square feet, including two duplex penthouses each spanning over 7,000 square feet. The second tower is approximately 400 feet tall and houses the newly built Mandarin Oriental Hotel with 121 guest rooms, 66 private Residences, and 28 hotel Residences.

“It is a privilege for our firm to be associated with The Residences at Mandarin Oriental, Miami. Mandarin Oriental sets the benchmark for legendary service worldwide and this development is truly one-of-a-kind,” said Thad Wong, co-CEO of Christie's International Real Estate. “It is rewarding to have the opportunity to offer our clients a product that is truly the best in its class in a magnificent location with five-star amenities and hospitality offerings.”

Swire Properties has commissioned an incredible global team to design both the Residences and hotel. Kohn Pedersen Fox is responsible for the striking exterior architecture of both buildings. Parisian designers Tristan Auer and Laura Gonzalez will make their distinct marks on the Residences and hotel interiors, respectively, and Thai firm Shma who will create the lush landscaping. This is the first new development commission for Auer, Gonzalez, and Shma in the United States. Both towers offer near-panoramic Biscayne Bay views and are connected by an expansive resort-style podium with over 100,000 square feet of unmatched amenities, including multi-tiered infinity swimming pools, private cabanas, executive workspaces, dining rooms with chef kitchens, world-class restaurants, a signature spa, and cutting-edge health and wellness facilities.

The Residences at Mandarin Oriental, Miami, will be the culmination of residential development on Brickell Key, the exclusive island community developed by Swire Properties for over forty years. Conveniently situated across the causeway from Brickell Key is Brickell City Centre, a $1 billion, 4.9 million square feet mixed-use space developed by Swire Properties that has transformed the Brickell neighborhood and established a new focal point in Miami. The Residences at Mandarin Oriental, Miami, represents the final opportunity to own a new residence on the island when sales launch in early 2024.

Inside ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’ Presented by Ella Miami Beach

On Wednesday November 1, 2023, PROFILEmiami, Ella Miami Beach and Constellation Group presented ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring Miami Beach’s North Beach, its rich past, and fast changing landscape. The engaging panel was highlighted by keynote speakers Eduardo Otaola of Constellation Group and developer of Ella Miami Beach; Raymond Fort of Arquitectonica; Daniel de la Vega of ONEsir; and Tracy Slavens of LSN Partners, LLC; moderated by Demetri Demascus of PROFILEmiami.

The evening was held at the Ella Miami Beach Sales Gallery on Miami Beach’s famed Collins Avenue. The evening was hosted by Eduardo Otaola, developers Constellation Group and Vietmar, as well as Demetri Demascus and Katya Demina, Co-Founders of PROFILEmiami.

The relaxed and open setting provided an opportunity for attendees to learn about the current and future state of North Beach and how new developments such as Ella are giving a nod to the neighborhood’s past. The sales gallery set an intimate yet luxurious ambiance to enjoy cocktails by E11EVEN Vodka and Ruka Winebar, as well as juices and bites by Pura Vida, while networking with some of South Florida’s preeminent real estate leaders and enjoying sounds by Miami-based DJ DAKAP.

The stunning, state-of-the-art, showroom for Ella Miami Beach offers a sneak preview of the art deco inspiration, style and sophistication of the project being developed by Constellation Group, The Boschetti Group, and Vietmar. The 10-story boutique condominium will soon rise in the heart of Miami Beach at 6940 Abbott Avenue. Ella Miami Beach will feature 95 residences exclusively marketed by ONE Sotheby’s International Realty including studios to two-bedroom floor plans ranging from 434 to 1,076 square feet. Prices start in the upper $600,000s, an attractive entry price for a new-build product in Miami Beach, where new construction pricing typically starts at approximately $1 million. The new construction building is expected to break ground in the first quarter of 2024 and is slated for completion in 2026.

Related Companies Launches Sales For Robert A.M. Stern Architects-Designed 'South Flagler House' in West Palm Beach

Related Companies is set to launch sales for South Flagler House, an unparalleled luxury residential development located along the Gold Coast in West Palm Beach, featuring exquisite design and spectacular waterfront views. The first luxury residential high-rise in Florida designed by world-renowned architecture firm Robert A.M. Stern Architects (RAMSA), South Flagler House continues Related Companies’ longstanding partnership with the firm, which spans more than two decades and 17 buildings across the country.

Located at 1355 South Flagler Drive, RAMSA’s architecture features two, 28-story towers rising from a base lined with stepped gardens. South Flagler House’s elegant design blends with the timeless character of Palm Beach, while celebrating a prime waterfront location just south of downtown West Palm Beach, providing permanent unobstructed views of the Intracoastal and Atlantic Ocean. The globally recognized firm, Pembrooke & Ives designed the interiors for the residences, which have been crafted with a meticulous eye for quality and detail.

South Flagler House includes two to five-bedroom homes priced from $5.9 million to $72.5 million. One of the country’s top agents, Suzanne Frisbie, of Frisbie Palm Beach, will lead sales for South Flagler House, along with Corcoran Sunshine Marketing Group.

“For 25 years, Related Companies has developed significant properties in West Palm Beach that have transformed the area into a major destination for some of the nation’s most prestigious companies. As our first luxury residential condominium in Florida, South Flagler House not only complements these achievements but elevates them with forward thinking design and a curated experience that only Related can offer,” said Stephen M. Ross, Chairman and Founder of Related Companies.

“South Flagler House is a masterpiece of timeless character and elegance that is destined to become the new benchmark all other luxury residential developments in West Palm Beach will be measured against,” said Kenneth A. Himmel, President and CEO of Related Urban. “Offering an uncompromising lifestyle in an enviable and premiere waterfront location, the building is an important new landmark and one of the most significant high-rises ever built in West Palm Beach and South Florida.”

“Related Companies is continuing two very important longstanding traditions with South Flagler House. The first is Related delivering luxury residential buildings that provide a best-in-class offering in the market. The second is our ongoing collaborative partnership with Robert A.M. Stern, which for more than two decades, has resulted in 17 buildings that have defined elegant and exceptional design,” said Bryan Cho, Executive Vice President of Related Companies.

South Flagler House will feature 108 homes including penthouses and guest suites. Each home is expansive in scale. Private elevator access opens up to stunning entryways and expansive great rooms. Homes feature high ceilings, thoughtfully designed bedroom suites with walk-in closets, large kitchens, and many feature additional family rooms, offices and guest rooms. Oversized windows showcase the spectacular views, and many residences feature large private outdoor spaces, including covered loggias and open terraces. South Flagler House also offers access to The Related Life, an impressive array of amenities, services and programming similar to those found at the most exclusive private members clubs around the world.

“Related Companies is bringing a new landmark to West Palm Beach's premium waterfront with the upcoming sales launch of South Flagler House, an iconic Robert A. M. Stern residential tower, poised to be one of the finest buildings in the world. This luxury property combines beautifully proportioned homes with expansive amenities and programming, affording condominium living previously unavailable in the Palm Beaches,” said Suzanne Frisbie.

South Flagler House offers an unprecedented range of amenities designed to help residents of all ages relax, train, socialize, entertain and play. Sports and Fitness amenities include a pickleball court, sports lounge, golf simulator, state-of-the-art fitness center, Pilates studio, golf simulator lounge, outdoor recreation lawn area, flexible fitness studio and outdoor lawn for high-intensity interval training and yoga. Swim and Spa amenities include a 25-meter lap pool with sun shelf, private cabanas, hot tub, salon and spas that feature vitality pools, ice plunges, steam, sauna, treatment rooms and changing/locker rooms.

Social and Entertaining amenities include indoor and outdoor lounges, event rooms with catering kitchen, indoor dining room, private dining rooms, cocktail lounge, outdoor dining patio, wine cellar dining room, library, media room, card game room, and games room which includes ping pong, billiards and foosball. Business amenities include a business center, private offices, conference rooms, outdoor meeting spaces and co-working spaces. Children’s recreation amenities include an indoor playroom, teens lounge with kitchenette, makerspace and outdoor sprinkler garden.

Residents enter South Flagler House through a tree-lined, 360-foot private driveway, which leads to a circular motor court with a stunning fountain at its center. Residents are greeted by both a doorman and valet, before entering a dramatically-scaled, light-filled lobby staffed by a 24-hour attendant and concierge.

Related Companies has a 25-year history of developing significant properties in West Palm Beach, beginning with CityPlace in 1999, which has recently been reimagined into The Square. Under the leadership of Stephen M. Ross and Kenneth A. Himmel, Related Companies’ West Palm Beach office has grown to nearly 100 professionals dedicated to the growth of the community. Executive Vice President Bryan Cho, who has led luxury residential developments across the country for Related, including 70 Vestry, The Century, 456 Washington and most recently, The Set and Coterie, has relocated to West Palm Beach and will oversee the development program at South Flagler House. Related Companies’ other West Palm Beach developments include One Flagler, East and West Towers, 360 Rosemary, RH West Palm and the Hilton West Palm Beach.

Demolition for South Flagler House is expected to start this month, and groundbreaking will commence in 2024.

The John Buck Company, Florida Value Partners, BH Group and PEBB Enterprises Reveal HUB Miami Mixed-Use Tower in Downtown Miami

The John Buck Company, Florida Value Partners, BH Group, and PEBB Enterprises have launched HUB Miami located in Downtown Miami at 525 NW 2nd Avenue. The 41-story mixed-use tower will seamlessly blend leisure and work with 306 condominium residences and 245,000 square feet of Class-A office space designed by ODP Architects with interiors by One Line Design Studio. The transit-oriented development will provide a hyper-connected live-work lifestyle and offer proximity to MiamiCentral Station, connecting owners and office tenants to major metros throughout the state. Demolition of the current site is set to begin by the end of 2023.

OneWorld Properties has been selected as the exclusive sales and marketing brokerage for HUB Miami Residences, which are priced from the mid $400,000s, and commercial real estate firm CBRE has been selected to lead leasing efforts for HUB Miami Offices.

“We are proud to introduce HUB Miami to the vibrant Miami market, marking a significant milestone as our firm’s first project in Florida,” said Ryan Lovell, Managing Director of Investments at The John Buck Company. “HUB Miami offers a unique approach to mixed-use development in South Florida by featuring Class-A office space to meet the demand of the city’s ever growing need for high-caliber office product. The property’s central location and access to transportation hubs such as MiamiCentral Station will provide much needed connectivity for owners and office tenants alike.”

Beginning on the 22nd floor, HUB Miami Residences’ collection of fully furnished and finished open-layout residences include studio, junior one bedroom, one bedroom, one bedroom plus den and two-bedroom options ranging in size from 394 to 1,046 square feet. Each residence will have open, contemporary floor plans with floor-to-ceiling glass windows and will be delivered with luxurious designer finish packages including gourmet kitchens with integrated Bosch appliances and custom cabinetry. A keyless entry system will grant owners access via smartphone app, door code or key card.

“Florida Value Partners is thrilled to once again work alongside The John Buck Company on this first-time Miami collaboration with HUB Miami,” said Gus Alfonso, Managing Partner and CEO of Florida Value Partners. “By tapping into our combined experience in markets outside of Florida, we believe we are bringing a fresh perspective on the ultimate mixed-use development in the heart of Downtown Miami. Additionally, working alongside BH Group and PEBB Enterprises will allow us to combine our collective expertise to develop a project that transcends Miami’s ever growing skyline.”

HUB Miami Residences will also be home to a curated array of resident-only amenities including a state-of-the-art fitness center, yoga and spin room, spa with a sauna and cold plunge pool, resident lounge and entertaining space, and dedicated work-from-home lounge equipped with video conference rooms and private phone booths. Outdoor amenities include a Sky Lounge bar and resort-style pool with lounge seating. For further convenience, HUB Miami Residences will provide 24/7 concierge and security services as well as access-controlled entry points throughout the tower.

“HUB Miami Residences will be a highly sought-after destination, offering future residents a prime location for those looking to embrace the vibrant lifestyle and endless opportunities that Downtown Miami has to offer,” said Peggy Olin, CEO of OneWorld Properties. “Our team is grateful to have the opportunity to continue to promote the development and evolution of Downtown Miami. There has never been a better time to invest in this city and the partnership of The John Buck Company and Florida Value Partners, in addition to BH Group and PEBB Enterprises further solidifies this.”

Equally as magnificent as the residences, HUB Miami Offices will offer over 245,000 square feet of Class-A office space. Beginning on the ninth floor of the FGBC-certified property, floor plates range from 18,000 to 32,000 square feet with floor-to-ceiling windows and column-free floor plans. Tenants will have access to over 15,000 square feet of private amenities including a dedicated office lobby, private fitness center, tenant lounge, conference center as well as an on-site concierge and 24/7 security.

HUB Miami marks a world-class collaboration between The John Buck Company, Florida Value Partners, BH Group and PEBB Enterprises. As recognized developers in residential and commercial real estate space, the culmination of each partner’s expertise has resulted in a first-of-its-kind residential and office offering in Downtown Miami, which continues to evolve as a highly coveted destination and economic force in the United States.

Renderings via Dark Room

Mixed-Use Multifamily Development Wynwood Haus Launches Pre-Leasing In Wynwood

Wynwood Haus, a new mixed-used, multifamily development designed to encourage living, working, wellness and community in one central locale, has launched pre-leasing for its 224 luxury apartment homes and prepares to welcome its first residents by year's end. Leasing is overseen by Metro1. Developed by Black Salmon and LD&D, in partnership with Bridge Investment Group, Wynwood Haus was created to satisfy the demand of today’s progressive renters, from young professionals to entrepreneurs and starter families, who are drawn to innovation and aspire to enhance their quality of life.

Set at 23 NE 17th St., the property presents studios, one- and two-bedroom floor plans, ranging from 394 to 945 square feet, as well as 5,500 square feet of ground-floor retail. From sweeping views, contemporary design and ample green space to wellness-centric offerings and an impressive rooftop amenity and pool deck with incomparable city and bay vistas, the building sets a superior standard of urban sophistication.

Designed by acclaimed architecture firm Corwil Architects, with interiors by LD&D’s design division, Wynwood Haus allures with dynamic and desirable offerings. It will present the perfect balance of a coveted address, surrounding convenience, and serene ambiance, set among parks and lush landscape curated by world-renowned designer Enzo Enea.

Residences rival those of luxury high-rises and are adorned with intricate wood paneling, concrete accents, and luxe lighting throughout to elevate the modern aesthetic. Floor-to-ceiling windows ensure natural light from every angle, while balconies open to picturesque cityscape panoramas. Additional features and finishes include full-size, high-efficiency in-unit washer and dryer, wireless-controlled smart thermostat in select units, 10-foot ceilings, walk-in closets in most residences, a rain shower, and secure keyless entry. With leasing and property management by Bozzuto, meticulous attention, warm hospitality and a strong sense of community will be unwavering priorities.

“We are thrilled to introduce this stand-out building to Wynwood and the city skyline,” said Camilo Lopez, Managing Partner and Co-CEO of Black Salmon. “The project’s central location, modern residences, and stunning views from both the rooftop amenity deck and units fulfill the urban dweller's dream of harmonizing city life with tranquility, while contributing to the vibrant tapestry of its surrounding community.”

“Our vision for Wynwood Haus was to rise above competition by offering a modern and effortless living experience, one with thoughtfully designed spaces that are not only beautiful but that also nurture collaboration and camaraderie among residents,” added Diego Bonet, Managing Partner of LD&D.

A community-centric vibe presents spaces built to connect with others, with thoughtful programming to satisfy every passion and pursuit. Offering a fusion of activity and relaxation, Wynwood Haus' carefully curated amenities were cultivated to encourage inspiration, interaction, and introspection.

The pinnacle of offerings is set within the rooftop amenity and pool deck with an indoor/outdoor lounge and club room for socialization and entertainment. Those looking to unwind can visit the yoga room for a session, with a sauna and steam room. Health enthusiasts can also work up their heart rate in the state-of-the-art, 2,500-square-foot fitness center, then cool down by the pool and get their share of vitamin D at the sundrenched deck, complete with bay views, a sky garden, and a barbeque area with outdoor dining. Private workspaces provide a corner for focus, while a conference room and co-working area invite function, collaboration, and exploration for the contemporary work life.

A lobby lounge with ample seating and a coffee bar welcome residents with warm hospitality and a striking mural by artist Ana Gutierrez. The ground floor also features a library, pet washing and grooming station, electric car charging stations, a smart locker package room and cold storage, as well as dynamic retail offerings.

Wynwood Haus’ location affords walkability to the conveniences of everyday life. The property complements the neighborhood’s renaissance as one of the city’s thriving destinations, with new offices, tech-centric businesses, and expanding retail, dining, and bustling art scenes, creating a true live-work-play lifestyle. It is also just minutes from major thoroughfares and the Design District, Midtown Miami and Downtown. To further enhance connectivity throughout the city, the project is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station.

Renderings via Wynwood Haus

Inside 'Emerging Leaders: The Next Generation of Real Estate' Presented by Miami Herbert Business School’s Accelerated MBA in Real Estate

On Thursday September 26, 2023, PROFILEmiami and the University of Miami Patti and Allan Herbert Business School’s Accelerated MBA in Real Estate presented “Emerging Leaders: The Next Generation of Real Estate”, featuring an immersive panel event exploring the different stages of a career in the real estate industry and what it takes to get there. The engaging panel featured keynote speakers Manuel de Zárraga, Executive Managing Director, Executive Committee Council Member, JLL Capital Markets, Americas; Jakub Hejl, the Founder & CEO of Westside Capital; Diego Torrealba, a current student in Miami Herbert Business School’s Accelerated MBA in Real Estate program and a Senior Vice President at MG Developer; Marc Chasin, a Vice President at Eden Multifamily; the panel was moderated by Demetri Demascus of PROFILEmiami. The discussion explored the next generation in real estate, how Miami’s market cycle impacts the job market, what asset classes are poised for growth, how new employees can add value form day one, working and hiring in the Miami market, recruiting, education and how some of Miami’s biggest real estate players got to where they are today.

The evening was held at The Village of Coral Gables Sales Gallery in Coral Gables, showcasing MG Developer’s new luxury condominium and townhome project now under development in Downtown Coral Gables. The evening was hosted by Miami Herbert Business School’s Accelerated MBA in Real Estate program; Dr. Andrea Heusen, Academic Director of Real Estate Programs at Miami Herbert Business School; Alirio Torrealba, CEO of MG Developer; and Demetri Demascus, Co-Founder of PROFILEmiami.

The relaxed and open setting provided an opportunity for attendees to learn about how to advance their career in real estate, educational opportunities and recruiting in Miami’s commercial and residential real estate industries. The sales gallery set an intimate yet luxurious setting to enjoy cocktails and bites while networking with some of South Florida’s preeminent and emerging real estate leaders and enjoying sounds by Miami-based DJ DAKAP.

About the University of Miami Accelerated MBA in Real Estate Program

Named one of the world’s best MBA programs, the Accelerated Real Estate MBA combines the expertise of Miami Herbert Business School with the School of Architecture, a leader in new urbansim. In the program students learn from global real estate leaders, strengthen their business foundation with a real estate focus, and have the opportunity for up to two paid internships with firms, such as Brookfield, Fortune International, Mast Capital, Nuveen, Related Group, The Kislak Company, and more.

Miami, and South Florida in general, is a growing hub for commercial and residential real estate. As such, Miami Herbert Business School attracts local, national, and international industry experts through the annual University of Miami Real Estate Impact Conference. The school also hosts the annual Impact Investing in Commercial Real Estate Competition, showcasing innovators and trendsetters who are shaping the future of real estate. Both the conference and the competition give you exclusive access to extensive networking opportunities.

ALINA Residences Phase Two Now 70% Sold In Downtown Boca Raton

Phase two of ALINA Residences, ALINA 210 and ALINA 220 at the award-winning, world-class residential destination in the heart of downtown Boca Raton, are now 70% sold. ALINA Residences, which is being developed by El-Ad National Properties, an Elad Group company with a South Florida-based team, continues to hit construction milestones and is on track to deliver on time. The community is located in popular downtown East Boca at 200 SE Mizner Boulevard, Boca Raton, FL 33432.

Some of the recent construction milestones achieved at ALINA Residences phase two include the installation of terrace railings, flooring and glass, the formation of the extensive amenity deck, the hoist removed and interior elevators operational. The cabinets and appliances are set to arrive and be installed soon. While phase one (ALINA 200) is completed, sold out and fully occupied, ALINA 210 and ALINA 220 offer a variety of residences and floorplans that are still available.

ALINA Residences topped off ALINA 210 and ALINA 220, the final phase of the project, earlier this year. ALINA 210 is tracking an earlier than expected delivery in summer 2024. Once ALINA 220 is completed in late 2024, ALINA Residences will comprise three buildings: ALINA 200 (121 residences), ALINA 210 (30 residences) and ALINA 220 (152 residences), for a total of 303 units.

“In addition to attracting new residents relocating to Boca Raton, we are very proud to continue to grow ALINA through referrals from satisfied residents who are enjoying the sophisticated residences and upscale lifestyle already delivered in Phase One,” said Noam Ziv, CEO of El-Ad National Properties. “Some ALINA 200 residents have purchased in phase two while many have referred friends and family to purchase at ALINA. We love to see the active community that is developing here with many full-time residents in this unmatched location in the heart of downtown Boca Raton.”

"We are thrilled with the success of sales at ALINA Residences, with phase one completely spoken for and phase two getting closer to sell-out every day. El-Ad National Properties has created the ultimate lifestyle offering for East Boca, one of South Florida's most desirable residential destinations," said Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida. "Demand for highly amenitized new construction is soaring right now and ALINA is on the radar for anyone seeking sophisticated design with amazing amenities in a thriving downtown location."

All residents of ALINA Residences enjoy spectacular amenities across the expansive campus such as his and hers spa facilities with dry saunas, steam rooms, treatment rooms and relaxation rooms, state-of-the-art fitness centers, studio with a professional-level golf and sports simulator, two rooftop swimming pools with private cabanas, fire pits, dedicated yoga areas, exquisitely appointed club rooms, a dog park and more.

Tucked between the manicured green fairways of The Boca Raton and Southeast Mizner Boulevard, ALINA Residences is within walking distance to downtown Boca Raton’s restaurants, art galleries, salons, and boutiques, including the Mizner Park Amphitheater and the Boca Raton Museum of Art. The City’s iconic beaches and pristine parks are only minutes away.

With more than three decades of high-end development experience in New York City, Los Angeles and Toronto, Elad Group founded El-Ad National Properties in South Florida in 2004. By expeditiously seizing opportunities, El-Ad National Properties has since earned a sterling reputation as an agile, entrepreneurial company with high expectations and solid values, a philosophy shared by all employees. El-Ad National Properties is leaving its footprint on South Florida with ALINA Residences Boca Raton as its first new development from the ground up project.

Renderings via ALINA Residences

FIRST ON PROFILE: Audemars Piguet Signs Lease at Eighteen Sunset To Open Miami's First AP House in Sunset Harbour

A new level of luxury is coming to Miami Beach’s Sunset Harbour district in the form of AP House. The boutique hospitality experience created by the Swiss luxury watch brand Audemars Piguet has leased 11,841 square feet at Eighteen Sunset – the landmark mixed-use project designed by DOMO Architecture + Design, which will also be home to the only Class A+ office product currently under construction on Miami Beach. It is slated to deliver late this year, with AP House projected to open in 2024. Just two office spaces on the fourth and fifth floors remain for lease.

Once complete, AP House will be an innovative residential salon concept made for intimate browsing, socializing and entertaining amongst existing and potential Audemars Piguet clients. This will be the 16th AP House location, following the recent opening of one in Los Angeles, adding to a portfolio of 14 others in major cities around the globe such as Bangkok, Barcelona, Hong Kong, London, Madrid, Milan, Munich, New York City, Shanghai, St. Barth’s, Tel Aviv, Tokyo and Zurich.

“The influx of best-in-class businesses and high net worth residents in Miami and Miami Beach has created a burst of demand for premium brand experiences,” said Bradley Colmer, Founder of Deco Capital. “Audemars Piguet’s arrival, in its most exclusive form, signifies Miami Beach’s evolution as a first-rate international destination and home for global luxury, brimming with five-star offerings.”

The AP House experience will begin on the ground-floor of Eighteen Sunset, where guests will enter into the brand’s exclusive lobby and take a private elevator to the top floor where they’ll be met with breathtaking views of Biscayne Bay and Downtown Miami via floor-to-ceiling windows and incredible wrap around balconies.

AP House joins a list of blue-chip tenants at Eighteen Sunset, including Pretium, a specialized investment management firm occupying 11,591 square feet on the fourth floor; a multi-billion dollar, publicly traded Canadian firm that signed an almost 20,000 square foot lease for the entire the third floor; and Uchiko, a restaurant concept by award-winning Hai Hospitality group, that will occupy approximately 6,000 square feet on the ground floor.

Eighteen Sunset’s ownership was represented by Stephen Rutchik of Colliers International and Neil King of CBRE. Audemars Piguet was represented by Jonathan Schley of CBRE and Lyle Stern of Miami-based Vertical Real Estate.

“Eighteen Sunset stands in a league of its own on Miami Beach and in the Greater Miami area. From the building’s tenant mix to its finishes and location, the development rivals best-in-class office properties in the Financial District, while offering the benefits of a boutique building in one of South Florida’s most desirable lifestyle destinations,” said Stephen Rutchik.

Located in Miami Beach’s Sunset Harbour district, one of South Florida’s most desirable shopping, dining and lifestyle destinations, Eighteen Sunset is Deco Capital’s signature mixed-use development project, rising five stories directly across from Biscayne Bay. The ground floor is home to approximately 17,000 square feet of restaurant and retail space, a central breezeway, and a cantilevered sidewalk connecting to Maurice Gibb Park. This is followed by parking on the second floor, and then Class A+ office totaling 40,000 square feet on the third and fourth, topped by an exclusive penthouse space, including a rooftop deck.

Images via Deco Capital & Audemars Piguet

Rosso Development, Standard International and Midtown Development Lock Down $45.045 Million Construction Loan For Standard Residences, Midtown Miami

Hospitality and real estate pioneers Rosso Development, Standard International and Midtown Development have closed on a $45,045,000 construction loan from Bank OZK for the highly anticipated The Standard Residences, Midtown Miami. A JLL Capital Markets Debt Advisory team, led by Managing Director Brian Gaswirth and Associate Jimmy Calvo, represented the developer. Nearly 90% of the residences are sold with construction at The Standard brand’s first residential concept already underway following groundbreaking in April 2023.

“Securing this loan is a testament to the strength of the project, our remarkable team and what we are building together,” said Carlos Rosso, Founder of Rosso Development. “We set out to bring a lifestyle concept with character and soul to Miami, and we are incredibly proud to see the excitement surrounding our vision. We look forward to delivering a one-of-a-kind product to our buyers.”

“The enthusiasm from buyers for The Standard Residences speaks to the power of The Standard brand and our exceptional partner, Rosso Development,” stated Amar Lalvani, Executive Chairman of Standard International. “This financing commitment allows us to take the project to the next phase.”

With Civic Construction as the general contractor and construction already underway, the first of its kind pied-à-terre-style building will rise 12 stories and deliver 228 residences with 34,000-square feet of thoughtfully imagined amenity spaces.

“Carlos Rosso has an incredible reputation for being one of the premier condo developers in South Florida through his distinguished career at The Related Group,” said JLL Capital Markets Managing Director Brian Gaswirth. “The Standard Residences is a defining stamp on his new journey and has been met with great success as represented by its strong presales and ability to attract Bank OZK as its lending partner.”

“Bank OZK is pleased to provide construction financing for The Standard Residences,” stated Greg Newman, Senior Managing Director of Originations at Bank OZK. “This best-in-class product backed by the strength of The Standard brand will be an excellent addition to Midtown Miami and we are excited to help bring it to life.”

Located at 3100 N.E. 1st Ave, the boutique building is nestled in the heart of Midtown–Miami’s most connected and walkable neighborhood. Centrally positioned between The Design District and Wynwood, the property is situated directly across the street from the recently opened Trader Joe’s and The Shops at Midtown, which features a variety of exciting food & beverage options and convenient retail. Tapping the industry’s best talents, The Standard Residences is crafted by internationally acclaimed architecture firm Arquitectonica, renowned interior designer Urban Robot in collaboration with The Standard’s award-winning in-house design team, and landscape designer Naturalficial.

Upon delivery, owners will enjoy the brand’s world-class design, amenities and service. Ranging from studios to two-bedroom layouts, the residences span 432-square feet to 965-square feet, with meticulously curated interiors that strike a perfect balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers. With an “anything but Standard” approach, the property will allow flexible living, enabling owners to lease out their units for terms as short as one month.

Community-minded amenities are crafted to embrace social engagement and include an expansive lobby, Café, and outdoor terrace. A lushly landscaped rooftop features a 60-foot resort-style sunset pool with a signature restaurant and bar reminiscent of the vibrant ambiance The Standard pioneered from Hollywood to Miami and London. Health and wellness offerings include an indoor pickleball court, a state-of-the-art sweat room and fitness center, an infrared sauna, yoga and stretch studios. A dedicated social floor features a karaoke bar and screening room, as well as fully equipped co-working spaces, zoom rooms and a private boardroom.

Completion of The Standard Residences, Midtown Miami is slated for the end of 2024. A limited selection of units remain starting at $499,900 and currently accepting only 30% down. Sales and marketing is exclusively managed by Douglas Elliman Development Marketing.

Renderings via The Standard Residences, Midtown Miami