Duncan Robinson of The Miami Heat Purchases Unit at Villa Miami

Terra and One Thousand Group, developers of Villa, the first luxury condominium tower branded by the hospitality powerhouse, Major Food Group (MFG), confirmed the sale of a residence valued at $4.6 million to Duncan Robinson, a forward for the NBA’s Miami Heat. The announcement comes on the heels of the property’s September sales launch.

The 29-year-old, New Hampshire native purchased an expansive three-bedroom, three-and-a-half-bath condominium in Edgewater’s most exclusive residential offering. The 3,000-square-foot half-floor residence features large east and west-facing balconies, 10’ ceilings, floor-to-ceiling windows as well as custom wood flooring and doors. Designed by Vicky Charles of New York Design Studio Charles & Co., the building’s interior is outfitted with noble materials including travertine marble, wood flooring and soft lighting throughout.

Located at 710 NE 29 Avenue, Villa’s living experience encompasses land, air and sea, complete with a helipad and a private dock equipped with a boat slip overlooking unobstructed views of Biscayne Bay. The tower will also unveil MFG’s first waterfront restaurant with two floors of dining rooms, bar seats and private lounge space.

“I was attracted to the area first - Edgewater is Miami’s most ‘up and coming’ neighborhood featuring luxury buildings with incredible bay views and some of Miami’s best restaurants. Its proximity to downtown and Miami Beach really makes it a no-brainer.” says Robinson. “I love that Major Food Group will have not only a restaurant right downstairs, but also will be managing all the hospitality in the building for owners. I’m a fan of the brand and believe in the value it brings to the building.”

Inspired by MFG’s acclaimed dining concepts, Villa boasts a wide selection of food and beverage amenities including a residents-only juice bar and coffee lounge, on-site event catering as well as at-home private chef services or cooking lessons. Robinson will have access to the tower’s private Member’s Club featuring an array of spaces for every gathering and convenience, from a curated library, intimate lounge rooms, boardroom and private offices, screening rooms and more. Additionally, Villa grants its residents VIP status at all MFG restaurants, with early access and invitations to all brand events and openings.

“Robinson was attracted to the building’s high barrier to entry and its exclusivity with limited, high-value vertical residences,” said Julian Calderin of Douglas Elliman, who along with colleague Caroline Nava represented the buyer. Sari Libbin Shapiro, Sales Executive at Villa Miami, represented the development.

“Villa offers a new proposition for living in Miami,” said David Martin, CEO of Terra. “This project combines excellence in development, design, dining and hospitality, which makes it an entirely novel concept for Miami. Villa will afford residents all the luxuries, conveniences and amenities of high-rise living, along with the expansive living space and floor plans that they would expect from an estate home.”

“Coming from One Thousand Museum, we’re extremely proud to be working on yet another transformative project,” added Kevin Venger, Co-Founder of One Thousand Group. “I had an opportunity to spend some time with Duncan and discuss the lifestyle we are creating at Villa, and we are all excited to have him as one of our residents.”

Beyond the services, the tower’s health and wellness amenities create a refuge for relaxation. Residents are invited to a spa experience inspired by Ischia’s Mezzatorre thermal spas, containing marble plunge pools, an herbal steam room and various treatment rooms.

The state-of-the-art fitness center features yoga and boxing rooms, locker rooms and private or group fitness classes. Additionally, Villa’s elevated pool deck is fully serviced by MFG-trained staff and outfitted with a variety of lounges.

Douglas Elliman is the exclusive sales and marketing partner for the project.

Renderings via Binyan Studios

Witkoff Reveals One-of-a-Kind $37.5 Million Oceanfront Home 'Beach House at The Shore Club'

Witkoff has revealed ‘Beach House at The Shore Club Private Collection’, a one-of-a-kind oceanfront Robert A.M. Stern-designed home within The Shore Club Private Collection five star resort. The $37.5 million Beach House spans 8,237 SF spread over 4 bedrooms, 4 bathrooms, 3 powder rooms and staff quarters. A rare oceanfront single-family home, Beach House offers privacy and individuality together with all the luxuries and amenities of The Shore Club Private Collections’s exceptional beachfront club.

“Our design for Beach House evokes the romance of the great eras of Miami Beach architecture: Art Deco, Miami Modern and the city’s rebirth as a 21st-century destination.” said architect Robert A.M. Stern.

Nestled in its own botanical oasis overlooking the ocean, Beach House is as private as private gets. An architectural jewel inspired by the dazzling and dramatic fusion of Art Deco, Miami Modern and 21st-century design, has been masterfully imagined by Robert A.M. Stern Architects to complement the alluring aesthetic of The Shore Club Private Collection. The sprawling, sunlit, glass-bathed residence offers a discreet entrance leading to lush landscaping at the ocean’s doorstep. The home features a host of outdoor terraces, a custom triple-height staircase and an infinity-edge rooftop pool looking out to the ocean. In addition to the seclusion of a private oceanfront house tucked away behind lush botanical gardens, Beach House is afforded its own exclusive direct access to the private residential pool, gym, hot tub and poolside bar.

“We designed distinct outdoor spaces for every level of Beach House: a secluded covered loggia on the garden level; a main-level terrace off the living rooms scaled for entertaining; a primary-suite terrace; and an ocean terrace with a private infinity-edge dipping pool overlooking the ocean.” said Paul Whalen, a Partner at Robert A.M. Stern Architects.

The reinvention of the Shore Club Private Collection is a united vision in partnership with Auberge Resorts Collection. The residences will be serviced by Auberge but will offer privacy and seclusion within the five star resort. The collection of amenities and services exclusive to residents include a discreet porte cochere entrance, three separate swimming pools including a private residential pool, 75-foot lap pool and a leisure pool, state-of-the-art fitness center, library, lounge and other amenities. Auberge Resorts Collection’s one-of-a-kind reputation for intimate tailored service will also extend to the residences with numerous in-home offerings, as well as access to Auberge’s world-class spa, concierge services, housekeeping, beach club and culinary experiences, including in-residence dining, house sommelier services, a signature restaurant, poolside café and bar with dedicated cabana service, double-height café and bar leading to an outdoor lounge, and more.

Building on the rich history of Miami Beach’s Art Deco and modernism design style, while also fostering a seamless connection to its iconic location, Shore Club Private Collection will be home to 49 residences designed by award-winning New York-based firm, Robert A.M. Stern Architects. The architect is behind some of New York City’s most successful buildings, including 220 Central Park South and its predecessor, 15 Central Park West. Shore Club will be set on three oceanfront acres with lush botanical gardens curated by renowned landscape architect Nathan Browning of Island Planning Corporation.

The development is the first residential oceanfront project designed inside and out by Robert A.M. Stern and includes a ground-up new building, The Tower, a newly reimagined Art Deco building originally completed in 1939, The Cromwell House, and The Beach House, a signature single-family beach house. Each component relates architecturally yet is artistically distinctive, envisioned to maximize vistas and light with the curvature of each home to deliver a product that does not yet exist in the Miami market. The interiors further this vision, taking inspiration from yacht design and the patterns and movement of the ocean waves and sand on Miami’s coastline. RAMSA collaborated with Miami-based Kobi Karp Architecture & Interior Design on the architecture.

Panther National Opens Bringing First New Private Golf In Two Decades To Palm Beach County

Panther National, the first new private golf club to open in Palm Beach County in two decades, officially opened its golf course on November 17, designed by legend Jack Nicklaus and PGA TOUR star Justin Thomas, a first-time collaboration for the pair. Envisioned by Swiss developer, Dominik Senn, the highly anticipated club brings a luxury residential enclave and championship golf to South Florida. The 18-hole championship course, playable from up to 8,000 yards, boasts steep elevation changes and dramatic characteristics unlike any other course in the state. The golf course accompanies Panther National’s Signature Estate Homes and Custom Estate Homesites, delivering an elite, best-in-class experience to members and residents.

Panther National celebrated the course opening with a Pro Exhibition Match on November 17 featuring six stars on the PGA and LPGA Tours including Justin Thomas – a partner of Panther National – Rickie Fowler, Xander Schauffele, Morgan Hoffmann, Erik van Rooyen, and Lexi Thompson. In tandem with the opening, Panther National will soon announce an elite team of brand ambassadors for the golf club, in addition to Thomas, Schauffele, Hoffmann, Villegas, and Thompson. As ambassadors for Panther National, these players will engage with members through a variety of events and activations year-round to showcase this exceptional new private golf community in Palm Beach Gardens.

“Panther National sits on the last parcel of premium, developable land in Palm Beach County, where we are proud to offer a visually stunning and environmentally sensitive golf course as the cornerstone of our modern, lifestyle community redefining luxury in the region,” says founder and president, Dominik Senn. “The opportunity to bring an unprecedented level of elegance to the game in an area where private golf options have been underserved for years is something in which we take great pride, and we look forward to providing current and prospective owners and members a distinctive experience both on and off the links.”

Combining the best of Nicklaus’s traditional design approach with the modern perspective of Thomas, one of the most talented young players in the world, Panther National’s championship course introduces an unparalleled new golf experience to the region. The intricacies of the course will challenge the world’s best players through a variety of risk-reward shot options yet allow playability for members with large landing areas and receptive greens. Design components include double fairways, deep bunkers, and expansive sandy waste areas; downhill tee shots uncommon to South Florida; uphill and semi-blind approach shots. A detailed, 18-hole course description can be found here.

“From the start, the vision was clear – to create a golf experience unlike any other found in South Florida,” said 18-time major champion and course designer, Jack Nicklaus. “Every opportunity to design a golf course brings challenges, but in the case of Panther National, uniqueness triumphs. You won’t find any golf course remotely close to it in South Florida.”

The collaboration between Nicklaus and Thomas represents the first time the two have teamed up on a golf course project and Thomas’ first foray into golf course architecture.

The course at Panther National will be complemented by world class training facilities featuring state-of-the-art ball tracing technology, elite PGA professionals to provide tailored instruction, an indoor simulator, putting room, and high-end fitness training equipment. Flexible enough to accommodate golf’s top professionals and club members, its practice area offers target greens constructed with Trinity Zoysia grass so the ball will react the same as when landing on the championship course’s greens. The targets are sized appropriately for shot length, equal to a PGA TOUR average shot for the specific distance. The short game area is also incredibly unique allowing golfers to train for all the greenside shots found at Panther National or at any course in the world. In addition, members can take advantage of Panther National’s fitting facility with custom fitting, stocked premium clubs, and shafts from all major equipment manufacturers.

Golfers of all skill levels will enjoy playing on the community’s 9-hole, par-3 practice course plus a short game area. Holes vary from 90 to 200 yards with approach shots similar to those players will encounter on the championship course and an island green that resembles the famous 17th hole at TPC Sawgrass. Panther National’s putting course – dubbed “The Cub,” and inspired by the Himalayas Putting Course at St. Andrews – sits on nearly one acre.

“Today will prove to be a pivotal and monumental moment in my professional career,” said two-time PGA Champion and course designer, Justin Thomas. “Embarking on this journey with Jack, Dominik and their teams has been an unforgettable and invaluable experience. To see how a project comes to fruition, from the groundbreaking to the grand opening tee shot and all the site visits in between, this was such an inspirational endeavor that would not be possible without the hard-work and countless hours spent by all involved to make this dream a reality.”

Panther National’s team of exceptional professionals and support members include CEO, Frank Weed; Director of Golf, Tom Dyer; Head Golf Professional, Adam Schafer; Director of Agronomy, Steve Ehrbar; Director of Outside Operations/Caddie Master, Jake LaMore; assistant outside operations supervisor, Sam Martin; and assistant professionals, Joe Flynn, Kyle Hargreaves, and Dilan Bartko.

Complementing the golf course, Panther National’s residential offering includes 218 custom, modern estates combined with premium community amenities for an unparalleled lifestyle experience unlike anything else in the country. The private enclave is set on approximately 400 acres surrounded by the Avenir Conservation Area, a 2,400-acre conservation area. Panther National’s residences pair sleek, modern elegance with visionary, environmentally sensitive engineering for a sophisticated and effortless residential destination.

Panther National’s expansive, contemporary Clubhouse will feature Michelin-inspired cuisine with captivating European influence and a premium, curated selection of wine and spirits; expansive men’s and women’s locker rooms; an event lawn; and courtyard with a fire pit. The Lifestyle Club is designed to provide an elevated experience for the entire family and will include a state-of-the-art fitness center, tennis complex, and resort-style pools.

Images via Jensen Larson Photography

Casa Bella Residences by B&B Italia Locks Down $240 Million In Financing Following Groundbreaking

Related Group and partner Alta Developers have closed on $240 million in financing for the highly-anticipated residential tower, Casa Bella Residences by B&B Italia (Casa Bella), which broke ground earlier this month in Downtown Miami’s burgeoning Arts and Cultural District. The loan was provided by Cain International (Cain) — a privately held investment firm with over $16 billion in assets under management. The capital infusion will fund the construction of the 56-story Italian-inspired condominium tower, which is slated to reach completion in 2026.

“We’re proud to partner with Cain to bring Casa Bella Residences by B&B Italia to life,” said Nick Pérez, President of Related’s Condominium Division. “This collaboration underscores our commitment to creating an exceptional residential product that will enhance and elevate the surrounding neighborhood. The capital infusion strengthens our ability to deliver on this commitment, as we redefine the standard for design-driven living within one of Miami’s most in-demand residential destinations.”

Located at 1400 Biscayne Boulevard, 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 transaction builds upon Cain’s existing investments in Miami which include 830 Brickell, Una Residences and The Delano. Cain has originated over $7.5 billion in loans globally since its founding in 2014 and has committed over $2 billion in new loans throughout the United States since 2019.

“This was an opportunity to build on the core principles that have guided our lending strategy to date; working with outstanding sponsors to deliver exceptional assets in markets we believe in,” said Matthew Rosenfeld, Head of U.S. Debt at Cain International. “We are thrilled to be partnering with Related as they continue to shape the future of this leading global city.”

Newmark arranged the transaction with a Debt and Structured Finance team led by Co-Presidents Jordan Roeschlaub and Dustin Stolly alongside Executive Managing Director Nick Scribani, and Holden Witkoff.

Over 80% of Casa Bella’s 319 residences are now in contract. Earlier this year, Casa Bella set a price record with a contract signed for a 5,893-square-foot triplex penthouse for $12.6 million, or $2,138 per square foot, signifying the neighborhood’s most expensive condominium sale on a price-per-square-foot basis.

The residences at Casa Bella range from one to four bedrooms and 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 hand-picked by the B&B Italia team. Casa Bella’s Penthouse Collection comprises 10 meticulously 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 panoramic water views. The 54th floor is also home to two duplex penthouses, spanning 4,100 and 4,560 square feet.

To further elevate the luxurious lifestyle experience, Casa Bella offers two full floors of amenities complete with stunning vistas overlooking Biscayne Bay. Offerings include a spacious venue for hosting events, a wine vault and private tasting lounge, as well as a plush 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.

Fortune International Realty is the building’s exclusive sales and marketing agent with a sales team led by Olga Monson.

Stock Residences Breaks Ground On The Ritz-Carlton Residences, Naples

The Ritz-Carlton Residences, Naples, the first Ritz-Carlton-branded private residences in Naples, FL, has broken ground. With an idyllic setting flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north (250 Center Street North, Naples, Fla.), The Residences are slated for delivery in 2026 and will feature a limited collection of just 128 estate-like dwellings and penthouses, along with over 50,000 SF of amenities, spread throughout five boutique buildings. The lush, six-acre development, which is being developed by Naples-based STOCK Development, is more than 50% sold, equating to $300 million in pre-construction sales.

“This is a landmark moment for us,” said Brian Stock, CEO of STOCK Development. “Our dream for this project has been meticulously crafted and perfected over the course of many years, so to be celebrating this latest accomplishment, propelling us forward, is a point of overwhelming pride. Even before we began putting shovels in the ground, global interest was rapidly rising, as evidenced by the phenomenal response among homebuyers. Savvy consumers know full well that what we are creating here, in the heart of one of Naples’ most beloved communities, will offer an opportunity for sophisticated, Gulf-front living that cannot be replicated.”

The Residences’ architecture and designs have been uniquely inspired by the unspoiled beauty that surrounds them.  Under STOCK’s direction, a trio of visionaries has crafted the haven-like retreat: Curts Gaines Hall Jones (CGHJ) Architects, internationally renowned interior designer Cristian Pinedo of SUSURRUS, and landscape architectural firm Booth Design Group and J.R. Evans Engineering.  The general contractor is nationally acclaimed Suffolk.

The Ritz-Carlton Residences, Naples will include three, four, and five-bedroom homes, penthouses, and Grand Penthouses, which start at $3.7 million. The exquisitely designed offerings will have expansive terraces as well as contemporary European-style kitchens and baths, Cambria quartz countertops, 10 to 12-foot ceilings, Wolf and Sub-Zero appliances, porcelain and wood floors, and private elevator entrances.

Amenities, which are numerous and highly distinct, comprise a 22-slip marina, verdant park with walking trails, a putting green, and covered pavilions, and The Vanderbilt Club -- a spectacular, 28,000-square-foot club with a Grand Owner’s atrium and lobby lounge, private restaurant, business center and coffee lounge, state-of-the-art fitness center, and a full-service spa. There will also be rooftop lounges, a kids’ room, a teen room with a Formula 1 simulator, and a club lounge with a golf simulator and private theater, among other features. The project will additionally have 22,000 square feet of outdoor amenities, including a resort-style pool, lap pool, cabana suites, and fire pits. The Residences are furthermore located directly between Naples’ two existing Ritz-Carlton hotels -- both of which are approximately three miles apart.

Only Luxury Condominium to be Delivered in South Beach This Year Tops Off

Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge. The 519-foot development will become the tallest building in Miami Beach upon its completion in 2023.

"Five Park delivers on every element of luxury living as the tallest tower on Miami Beach.  Uniquely connecting the South of Fifth neighborhood to the West Avenue district, Five Park brings the park to the boardwalk as the only tower rising in the area," said Jay Phillip Parker, President of Douglas Elliman Development Marketing, Florida. “It’s a project that elevates the caliber of the neighborhood and a perfect representation of a development built to meet the discerning demands of Miami’s new buyer’s needs. Five Park achieves an unprecedented level of quality, very different from what has been built in the last decade, thanks to David and Russell’s collaboration and their unique understanding of the surrounding needs.”

Rising on the edge of Miami Beach, the 48-story tower has unveiled 50,000 square feet of diverse amenity spaces with a choreographed team available round-the-clock. On the 6th floor, overlooking city and bay views, residents are invited to The Park Club. Anchored by an expansive pool and café terrace, the elevated oasis features a lap and family pool with covered cabanas, loungers and social spaces with indoor or al fresco dining options. Additionally, The Park Club amenity level features a variety of wellness, work and entertainment spaces including a fully outfitted gym and spa treatment rooms, a co-working area with private offices and board rooms, screening rooms and more. On the ground floor, Five Park boasts its very own backyard oasis, Canopy Park. Spanning three acres, the community amenity offers a refuge from city living with a botanic garden, interactive MONSTRUM playground, dog park and event lawn. 

Five Park was conceptualized by a visionary team of designers, architects and tastemakers with an exceptional understanding of beauty, functionality and service. The roster of project collaborators includes interior design firm Gabellini Shepard; Arquitectonica, leading architectural plans; design maven Anda Andrei; French conceptual artist, Daniel Buren; and Sarah Harrelson, founder of Cultured Magazine, leading the interior art curation.

Five Park also has revealed the Canopy Bridge, set to break ground in early 2024, an overhead bridge designed by Daniel Buren, recognized worldwide for his site-specific art installations. The 158-foot-long enclosed pedestrian tube will connect the site anchored by Five Park to the South of Fifth neighborhood for the first time.

FIRST ON PROFILE: Oak Row Equities and LNDMRK Development Reveal 2900 Terrace in Edgewater

FIRST ON PROFILE: Oak Row Equities, a dynamic vertically-integrated real estate private equity and development company with over $1.6 billion of development in South Florida, and LNDMRK Development, a principal based real estate company concentrated on mixed use urban development and opportunistic value based acquisitions, revealed final design plans for 2900 Terrace in Edgewater, Miami following approval from the Urban Development Review Board (UDRB). 2900 Terrace, designed by preeminent architecture firm Arquitectonica, will create a new category of luxury rentals that meet demand for high-end living in Miami.

The tower is located on one of the last undeveloped parcels East of Biscayne Blvd. in the urban core and has been designed to ensure protected Biscayne Bay views. The sophisticated offering features 324 oversize homes with abundant light, spectacular finishes and beautiful private and shared outdoor spaces. Residents will have access to 24/7 concierge services and every convenience imaginable.

Spacious one, two and three-bedroom residences are crafted for design-conscious renters and many will offer large wraparound terraces and home offices. Interior finishes will rival for-sale buildings with calming color schemes and rich materials that evoke a sense of permanence unheard of in multi-family towers. The rentals are intended for families and executives seeking a place to call home in Miami.

Arquitectonica has designed a Japanese-inspired tower that juxtaposes warm bronze-like accents with off white stucco for a tranquil Zen aesthetic. Inventive material use brings a nuanced textured effect to lower portions of the facade. Perforated corrugated metal, reflective glass and charcoal window frames and mullions create visual interest throughout.

“2900 Terrace signals the true sophistication of the Miami market. A multi-family asset of this caliber is a direct response to the maturation of the South Florida market. We are intentionally delivering oversized units with spacious primary bedrooms, large walk in closets, airy great rooms, and most residences will have a study/den.” says Erik Rutter, Managing Partner of Oak Row Equities. “This tower presents an unprecedented option for renters who put a premium space, views, design, and amenities.”

The tower’s massive amenity program will be spread across two levels with wellness as a guiding principle. Indoor amenities include a state-of-the-art fitness center, yoga studio, pet spa, co-working spaces with podcast studios, a content creator studio, card room, resident lounge, treatment rooms, sauna, golf stimulator, theater and children’s playroom.

A south-facing landscaped deck will offer endless opportunities for entertaining and recreation. Outdoor amenities include a statement swimming pool, cold plunge, poolside cabanas and lounge seating, BBQ grills and picnic seating, a hot tub, summer kitchen, two padel courts, children’s playground and coworking terrace.

“2900 Terrace is a world-class offering, and we anticipate demand from around the globe,” said David Weitz, Managing Partner at Oak Row Equities. “We are very proud of the final plans after many months deliberating every design detail and how the tower will be experienced. The building will enrich Edgewater with refined, artful architecture, and we are eager to break ground.”

“This expertly assembled site in Edgewater East enables spectacular protected water and city views that are unparalleled of for a multi-family asset,” says Alex Karakhanian, Principle of LNDMRK Development. “It is a true pleasure to collaborate with Oak Row Equities and their team on this exceptional development.”

Renderings via Arquitectonica

Alba Palm Beach Closes On $95 Millon Construction Loan

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, have closed on a $95 million construction loan sourced in partnership with Wexcor Capital, a New York City-based real estate investment, management & advising firm, and financed by Kriss Capital, an New York City-based direct lender making construction and bridge loans on residential assets, to fund the completion of Alba Palm Beach.

As the only new development directly on the Intracoastal waterways in the emerging Northwood neighborhood of West Palm Beach, Alba Palm Beach is being developed by BGI Companies and Blue Road and is set to deliver a boutique collection of 55 luxury residences by 2025, including unique two- and three-story townhomes with unobstructed views. Starting prices begin at $3 million at Alba Palm Beach, which broke ground in August and is currently over 45% sold.

“We’re thrilled to announce the next step in Alba Palm Beach’s evolution with a construction loan of $95 million with a trusted lender like Kriss Capital,” said Kenneth Baboun, principal developer. “Following the momentum of Alba’s groundbreaking, this milestone puts us one step closer to successfully welcoming residents as we remain bullish on the development of West Palm Beach.”

About the loan, Wexcor Capital partner Ron Wexler said "Kriss Capital’s significant experience with condo development and deep understanding of flexible financing in times of market uncertainty set their team apart. We were pleased to partner with a best-in-class sponsor, BGI Capital & Blue Road Group, to deliver tailored financing for this development. Alba will be an excellent addition to West Palm Beach and I’m proud to have played a part in bringing it to life."

“At Kriss Capital, we get to evaluate hundreds of development projects each year and choose a select few to finance. Alba Palm Beach has all the components of a successful project that we look for including stunning design, a first-class development team, and an outstanding waterfront location,” said Jody Kriss, founder and principal of Kriss Capital.

Isaac Kodsi Set To Launch Arbor Residences, Revitalizing The Stalled Condo Project Into A Coconut Grove Oasis

Arbor Residences, a leafy residential retreat nestled within the historic gardens of Miami’s Coconut Grove, is  back on track and ready for completion. Due to financial challenges met by the previous development team, the project took a temporary pause in development. Under the leadership of developer Isaac Kodsi, Arbor Residences is now poised for completion.

Developer Isaac Kodsi's prior experience on revitalizing stalled projects on the verge of failure and turning them into resounding successes, has given him the ability to revive Arbor Residences, infusing fresh energy into this unique project. The residences are set to launch sales in Winter 2023 with an expected delivery in Q3 2024.  Kodsi has selected Sandra Masis from Cervera Real Estate to lead sales for the residential development.

Prior to purchasing the project, Kodsi performed a thorough due diligence of the building and engaged engineers to confirm that the building was structurally sound and safe for completion.  Upon acquiring the project, Kodsi proceeded to fully reimburse previous buyers' deposits.

"Arbor's narrative is a testament to its exceptional character, redefining the very essence of Coconut Grove living by providing expansive, eco-conscious residences at a remarkably accessible price point,” said Kodsi. “Arbor is more than a residence; it's a visionary answer to the ever-evolving Coconut Grove landscape, committed to offering a nurturing, enriching, and satisfying way of life. Our goal is for residents to find not just a home, but a welcoming haven, where they can relish in a vibrant community, live in comfort and thrive."

In a neighborhood marked by grand luxury developments, Arbor Residences carves its niche in Coconut Grove with an intimate collection of 45 residences designed by local firm Behar & Font. The development provides premium living with a touch of understated luxury, celebrating the harmony between modern living and nature. Nestled in this verdant, family-friendly, and walkable neighborhood, Arbor Residences stands out as an extraordinary value proposition, with premium residences starting at $1.2 million.

Inspired by the lush surroundings and the giant oak trees that define the Coconut Grove neighborhood, the residences are designed to accommodate a variety of households, with eight distinct floorplans from two-, three- and four-bedroom homes, townhomes, and penthouses. Offering an organic connection between modern living and nature, residences offer between 10–20-foot ceilings, floor-to-ceiling windows, natural wood finishes, wide-plank porcelain wood-grain floors, spacious spa-inspired master bathrooms, large closets, chef-style kitchens with Bosch Appliances and custom oak cabinetry.

Amenities abound, from the rooftop terrace complemented by outdoor entertainment areas such as a bar and lounging space, followed by the second floor with a pool deck area and a swimming pool, as well as state-of-the-art fitness center, 24-hour concierge service, valet, and more. Located in the heart of Coconut Grove and near the newly renovated Cocowalk – an open-air shopping mall – residents are within walking distance to cafes, restaurants, high-end boutique shops and entertainment spaces, as well as schools and numerous lush parks, such as Peacock Park.

FIRST ON PROFILE: The Residences at 1428 Brickell Reveals $60 Million Penthouse Designed By ACPV Architects

1428 Brickell has revealed their ground-breaking $60 million, two-story, fully-finished penthouse crowning The Residences at 1428 Brickell. The penthouse residence encompasses over 12,000 square feet set under a soaring 30-foot ceiling, unveiling an unrivaled tapestry of views: the jewel box of the Miami skyline with visibility of the Fort Lauderdale cityscape to the north, the vast beauty of the Everglades to the west and sweeping perspectives of the Atlantic Ocean to the east and on the southern horizon. The Residences at 1428 Brickell is being developed by 1428 Brickell, LLC, a subsidiary of Miami-based real estate development firm Ytech. The Residences at 1428 Brickell is slated for completion in 2027.

“Our objective was clear: to create one of the most exceptional penthouse residences in the world. The Penthouse at 1428 Brickell sets new standards in luxury living, not just in Miami but globally,” shared Yamal Yidios, CEO of Ytech.

Curated by the esteemed Milan-based ACPV ARCHITECTS led by Antonio Citterio and Patricia Viel, this epitome of luxury is a testament to unrivaled design, influenced by iconic figures of the 20th century, including Oscar Niemeyer, Luigi Caccia Dominioni, Angelo Mangiarotti, Charlotte Perriand, and Philip Johnson. Antonio Citterio reflected, “Our commitment was to evoke the spirit of architectural and design masters of the 20th century. Through a unique combination of light, space, and texture, we've created a penthouse that reinterprets luxury.” Patricia Viel added, “We took inspiration from design greats, channeling their genius into crafting a space that harmoniously combines elegance and functionality. Each detail prioritizes residents’ experience from the moment they arrive at the building, until they reach the privacy of their residence."

By channeling the genius of icons, such as Niemeyer’s sublime curves, Philip Johnson’s emphasis on creating truly livable, engaging spaces, and Mangiarotti’s reverence for natural materials, the penthouse became an opulent tapestry of silk georgette marble, eucalyptus wood claddings, mineral lime-based finishes, fluted glass walls, spaghetti stone touches and ash flooring. These lavish materials were handpicked by Ytech's diligent team during their global expeditions, ensuring each selection met the project’s unparalleled standards.

The development and design teams collaborated in consideration of crucial elements including configuring front- and back-of-house circulation schemes, planning the flow of rooms within the residence to balance day and night areas, integrating a specialized structural and envelope design for the residence, and bringing in specialists for comprehensive 3-D concept, schematic, and design analysis of key spaces within the estate in the sky. Exhaustive research underpinned the creation of a stone-clad sculptural stairway, a centerpiece of the residence, where more than 32 different designs were studied showcasing the lengths taken to achieve perfection. An extensive solar study guarantees every space captures optimal light, imbuing the residence with a mesmerizing glow that shifts with the sun, allowing residents to immerse in the sublime, panoramic city vistas, and ensuring a seamless blend of indoor and outdoor luxuries.

This penthouse's ambitious two-story floor plan includes multiple facets, from a custom-designed library bar featuring silk georgette to a Salvatori stone-adorned master bathroom. Contributing to the residence’s sophistication, refined staging showcases other unique elements that dazzle the eye, such as pivoting walls, a sculptural stone bar, and a walk-in, temperature-controlled wine cellar. The artisans of Vaselli, chosen for their exclusivity, immense history, and excellence in stonework, will craft a stunning centerpiece-like front-of-house kitchen. Italy’s Arclinea will similarly design a one-of-a-kind separate chef’s kitchen within the residence. The firm, known for its innovative and precise construction of complex kitchens, was handpicked for its integral consideration of one’s individual livability and function within culinary spaces.

The Penthouse at The Residences at 1428 Brickell will feature two stories, extraordinary 30-foot ceilings equal to almost four levels of a traditional building, 7 bedrooms, 9 bathrooms, two east-facing balconies with unparalleled views of the Brickell skyline, two elevators leading to a private foyer, and an additional elevator within the residence that leads to the second floor.

In addition to this masterpiece, The Residences at 1428 Brickell offerings include a limited collection of residences, priced from $2 million to $7 million, that will be fully finished with two- to four-bedroom plus den homes ranging from 1,800 to 4,000 square feet. The property’s Penthouse Collection also includes lower penthouses starting from $8 million and ranging in size from 4,000 to 10,000 square feet. These residences showcase stunning water views and have been thoughtfully created with a true flow-through configuration to maximize light. A significant portion of residences within the property are two-story, creating the feeling of a single-family home in the sky.

Over 80,000 square feet of amenity space will also adorn The Residences at 1428 Brickell. Located 860 feet in the sky, Ytech dedicated the three levels within the top of the tower to house curated private and shared spaces showcasing stunning, panoramic city views. Amenities include an expansive 10,000 square foot gym with weight room, HIIT room, and an indoor/outdoor yoga room, a rooftop pool and atrium, a hot spa and daybed lounging area, a two-story wine and fine art lounge, state-of-the-art office suites, a private dining room with a one-of-a-kind Vaselli kitchen, a juice and wellness bar, an immersive spa, an aquatic therapy area, a children’s recreation and learning center, fully furnished private guest suites, and more. Additional highly personalized services include reception, valet and porter, bellman and doorman services, a pet facility with grooming area, and in-unit package delivery.

Renderings via The Boundary