Naftali Group Breaks Ground on JEM Private Residences in Miami Worldcenter

Naftali Group, a globally recognized real estate development and investment brand headed by visionary developer Miki Naftali, has broken ground on JEM Private Residences in Miami Worldcenter in Downtown Miami’s District 11. This dynamic condominium development is set to rise over 700’ tall and spanning 67 stories, is a landmark focal point within the city’s iconic Miami Worldcenter.

The groundbreaking of JEM Private Residences represents a significant milestone in Naftali Group’s expansion into Florida and is poised to set a new benchmark for quality product in South Florida. For over three decades, Naftali Group has developed exceptional properties that surpass the expectations of real estate consumers. From New York City to Singapore, their expertise is now extending into Miami, an international hub that promises great potential for growth. With offices in Miami and New York City, Naftali Group maintains its commitment to delivering quality, design and artistic excellence across its $15 billion portfolio which includes over 3 million square feet of development planned in South Florida.

Naftali Group has assembled a world-class collaboration between Miami-based architecture firm Arquitectonica and New York City-based interior design firm Rockwell Group, to create a chic and timeless design aesthetic for the tower. JEM Private Residences draws inspiration from the ocean landscape, with its wave-like architecture and wraparound terraces on each floor which seamlessly blend indoor and outdoor living. Wood accents and lush greenery convey a warm and inviting environment, establishing a serene oasis within the vibrant urban setting. Fort Lauderdale-based ESDA is at the helm of the tower’s landscape architecture, elevating the ambiance of the development.

OneWorld Properties has been selected as the exclusive sales and marketing brokerage for JEM Private Residences, with residences starting from the $540,000s. The development consists of 259 units ranging from studios to four-bedroom options and a collection of 10 penthouses at the crown of the tower, some of which will feature private outdoor hot tubs. Naftali Group strategically positioned the private residences to begin at the 43rd floor to maximize breathtaking views of the Miami skyline, Biscayne Bay and Atlantic Ocean.

“Our team is excited about being involved in the continued growth of Downtown Miami and its transformation into a global city,” says Peggy Olin, CEO of OneWorld Properties. “JEM Private Residences will not only provide an unparalleled range of amenities but will also benefit from its prime location within Miami Worldcenter, making them an unbeatable choice for future residents.”

JEM Private Residences, designed by Rockwell Group, boast meticulously crafted interiors. In the kitchens, bespoke millwork cabinetry and seamlessly integrated, panelized appliances are harmoniously paired with Calacatta stone countertops and backsplashes. The culinary experience is elevated with a curated array of Miele appliances, including an oak-paneled refrigerator, freezer, dishwasher, and a fully integrated wine refrigerator in select residences.

The primary bathrooms feature custom medicine cabinets with integrated lighting, storage, and open shelving, offering a perfect blend of functionality and luxury, and the countertops are crafted from honed Dolomite white slabs, complementing the white tiles on the floors and walls. Sleek vanity sink basins are adorned with polished nickel faucets. The showers boast mosaic floor tiles, stone niches, and both handheld and rain shower heads. In select residences, there is a freestanding soaking tub.

The JEM Private Residences’ lobby boasts custom-sculpted plaster walls, elegantly illuminated cove ceilings, and stone floors adorned with exquisite bronze accents. This inviting space is accessed through a fully serviced porte-cochere driveway enveloped by lush landscaping, offering a seamless transition from the vibrant energy of the city to the tranquility of home.

The 50th floor contains an amenity suite designed to compete with any high-end luxury hotel, offering a diverse array of meticulously curated indoor and outdoor spaces to cater to various activities. Inside, the inviting Sky Lounge showcases a feature fireplace, a bespoke stone bar, and cozy seating areas. Step outside to discover a generous 60-foot outdoor pool surrounded by cabanas, floating daybeds, and a captivating signature sculpture. The alfresco lounge is thoughtfully complemented by lush tropical landscaping, creating multiple seating pockets, while a serene sunken lounge area is nestled amidst tranquil reflection pools.

For those with active lifestyles, an indoor fitness center boasts state-of-the-art equipment and a private training/yoga studio. Additionally, residents can enjoy access to an outdoor fitness area, complete with a boxing arena and an adjacent yoga patio featuring a refreshing cold plunge pool and a serene mist garden. When relaxation calls, residents can unwind in the spa suite, which includes a sculptural dry sauna, a steam room, and a soothing pink Himalayan salt room.

Furthermore, the amenity offerings continue with a game room for leisurely activities, and the co-working space offers private nooks for productivity. Not to be overlooked is the glass-enclosed private dining room, providing direct access to the outdoor amenity deck. Lastly, for those desiring a refined social experience, a spirits tasting room awaits, adorned with sophisticated amber glass shelving and exquisite bronze decanter racks.

Founded by Miki Naftali, Naftali Group is a privately held real estate development and investment firm with over 30 years of experience, based in New York City with offices in Miami. Through innovation and discipline, Naftali is recognized as a leading developer with a current and past portfolio comprised of more than 35 projects encompassing more than $15 billion in total value. The company is a leader in developing residences that anticipate and exceed the needs of today’s most discerning real estate consumers and has a notable track record in leading landmark restorations, which it has brought to Florida. Naftali Group is highly specialized in identifying and acquiring undervalued properties in premier geographic areas with strong potential growth while maximizing the value of unique and irreplaceable assets. Naftali Group pursues strategic acquisitions and continuously grows its extensive portfolio of new development condominiums, income-producing, mixed-use properties, and other assets.

OMA-Designed The Perigon Breaks Ground on Miami Beach

A joint venture between Mast Capital and a controlled affiliate of Starwood Capital Group, a leading global private investment firm, today announced the groundbreaking of The Perigon Miami Beach, the area’s first residential project designed by world-renowned architectural firm, Rem-Koolhaas’ OMA.

The building features expansive, coveted beachfront acreage and a premium, five-star amenity collection, including a residents-only restaurant and private speakeasy led by Michelin starred Chef Shaun Hergatt. The milestone positions The Perigon as the only beachfront new development on the market in Miami Beach under active construction, with occupancy slated for late 2026. Pricing starts at $4.5 million. Sales and marketing are exclusively handled by Douglas Elliman Development Marketing.

“Breaking ground on The Perigon marks a new era for luxury living on Miami Beach - one that is characterized by sophisticated design and highly curated experiences,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “We’ve partnered with some of the most brilliant visionaries in the world to create a new marvel located within the most coveted destination in the market. It’s evident by our tremendous sales that the concept is resonating with today’s discerning buyers.”

Offering panoramic views of the Atlantic Ocean, the Miami city skyline and Biscayne Bay, The Perigon will rise 17 stories to deliver 73 residences with interiors by inimitable interior designer Tara Bernerd. Situated at 5333 Collins Avenue, the bespoke two- to four-bedroom light-filled homes will range in size from 2,100 to 6,700 square feet with direct and dual waterfront views, 10-foot ceiling heights and 10- to 12-foot-deep wraparound terraces for year-round indoor outdoor living. Taking inspiration from Europe’s famed rivieras, these estates in the sky will feature the highest-quality finishes including fluted natural stones, custom Italian cabinetry and a unique combination of refined materiality with a soft, natural color palette reflective of The Perigon’s prime coastal location.

“We are excited to celebrate the start of construction for our first residential project in Miami Beach,” said Jason Long, Partner of OMA. “While designing The Perigon, we shaped the building and its façade to bring both the ocean and the Miami cityscape into the building, opening waterfront vistas for every residence. To maximize its beachfront acreage, the building will also step upward to ‘hover’ above the lush gardens Neil Porter has designed.”

With an extended demolition driven by regulatory changes now complete and construction underway, The Perigon’s unique, cutting-edge architecture by OMA will soon come into view. The award-winning firm designed the tower as a “series” of buildings converged into one, rotated to orient and enhance views from all residences toward the Atlantic Ocean, while still optimizing the scenery of Biscayne Bay and the Miami city skyline overlooking Miami Beach. The building will appear to only gently touch the ground, maximizing space for the gardens below. The landscape design is envisioned by Gustafson Porter + Bowman, the firm responsible for redesigning the green space at the Eiffel Tower and delivering the powerful Princess Diana Memorial Fountain in London’s Hyde Park.

“We are thrilled to mark the formal start of construction on The Perigon, which will become an iconic and unique landmark on Miami Beach that will elevate the standard for a beachfront residential experience,” said Andrew Coren, Managing Director of Starwood Capital Group. “Working with our partners at Mast Capital and other talented collaborators, like OMA, we look forward to bringing the area’s most anticipated address to life.”

In addition to impeccable design, The Perigon offers world-class service and more than 20,000 square feet of unrivaled private amenity spaces that encapsulate its idyllic waterfront setting. An oceanfront restaurant, intimate speakeasy and a conservatory with a daily breakfast bar led by Michelin-starred Chef Shaun Hergatt will be exclusively available to residents. Additionally, a sunrise lounge and terrace are accessible for private events and entertaining guests and loved ones. Residents can enjoy a beachfront 25-meter lap swimming pool, private beach club, and a fully landscaped deck complete with cabanas, sunbeds and poolside food and beverage service. Additional amenities include a spa with sauna and treatment rooms, private salon, ocean-view fitness center, children’s playroom, screening room, wine room, guest suites and a dramatic double-height lobby lounge. These spaces will be activated by a dedicated lifestyle concierge and residential butler. Residents can also take advantage of 24-hour security, valet, house car, pool and beach service, in-residence dining and more.

Auberge Resorts Collection to Manage Witkoff's Iconic Shore Club, Auberge Resorts Collection in Miami Beach

Auberge Resorts Collection, an award-winning portfolio of one of-a-kind luxury hotels, resorts and residences, has been appointed by the Miami-based developer Witkoff and Monroe Capital to manage The Shore Club Resort & Residences, Auberge Resorts Collection in Miami Beach. The reimagining of the The Shore Club in the heart of Miami Beach is set to open in 2027 and will see the iconic hotel restored and elevated to welcome the world’s most discerning individuals once again, not just as a hotel, but as one the city’s most exclusive new permanent address’.

A historic landmark both architecturally and socially, The Shore Club has stood at 1901 Collins Avenue in the heart of Miami Beach since 1949, when Albert Anis designed the Art Deco-style hotel within a lush, beachfront oasis – even more verdant today. As an Auberge Resorts Collection property, this world-famous, three-acre playground with 175 feet of oceanfront will encompass not only the original Shore Club and its Art Deco contemporary, The Cromwell Hotel, built in 1939, but also a new 18-story residential tower and a free-standing residential villa, both designed by the globally esteemed Robert A.M. Stern Architects (RAMSA) as the lauded firm’s very first oceanfront project.

“We are excited to expand our urban footprint with the addition of Shore Club in Miami Beach, a place where nature, art, culture and entertainment come together in uniquely compelling ways,” said Dan Friedkin, chairman, Auberge Resorts Collection. “Our proven skill in elevating historic properties through exceptional service and experiences together with Witkoff’s vision and Robert Stern’s exquisite design will transform this legendary address into a dynamic new destination that embodies the unique spirit of Miami Beach. We can’t wait to bring this vision to life.”

Working closely with acclaimed London-based interior design firm Bryan O’Sullivan Studio and Kobi Karp Architecture and Interior Design, RAMSA and Auberge Resorts Collection will ensure that The Shore Club’s historic integrity and character remain intact, celebrating its vibrant past while firmly reinstating it as the centerpiece of a new South Beach era. Just 73 rooms and suites, including a luxurious penthouse, will offer guests the ultimate Miami Beach experience, with direct beach access, five-star amenities set within landscaped botanical gardens and the unparalleled, intuitive service and singular experiences for which Auberge Resorts Collection is known worldwide.

Rising from the shore with awe-inspiring Atlantic Ocean views, the property’s new 200-foot-tall residential tower, will reveal RAMSA’s spin on Miami Beach’s iconic MiMo (Miami Modern) architecture. Curves inspired by the ocean’s fluid form reference the area’s Art Deco heritage, while staggered tiers yield vast, undulating terraces and endless water vistas. The eight-story Cromwell Hotel will be transformed into a discreet private residential entrance from which homeowners will access the 49 exclusive residences. Each will offer its own distinct floor plan and large glass windows that frame dramatic ocean views, blurring the line between indoors and out. Residence interiors touch on the same timeless theme that runs throughout the resort, with rich woods, sinuous lines and brass accents a nod to the materials and forms of classic yachts.

An extremely rare addition to Miami Beach and completely unique to The Shore Club Resort & Residences, Auberge Resorts Collection, is one 8,000-square-foot beach house, also designed by RAMSA. Envisaged for a single family, the fully serviced villa offers its own private entrance, swimming pool and breathtaking, palm-fringed ocean views.

Residents and guests of The Shore Club Resort & Private Residences, Auberge Resorts Collection will be spoilt for choice when it comes to relaxation and entertainment within this private enclave, located just moments from all the city has to offer. Imbued with an intoxicating blend of beach serenity and buzzing urban vibes, the property’s lush green environs seamlessly knit the two historic landmarks and new elements into a cohesive whole, while separating private amenities from those open to resort guests.

Residents will enjoy a state-of-the-art private fitness center, a library, lounge and residents-only pool just steps from the sand, as well as exceptional in-home offerings. They will also be able to take full advantage of all other hotel amenities, including the signature restaurant, set to become the culinary destination of Miami. A buzzing and seductive double-height café and bar will lead to an alfresco lounge, and a world

class indoor-outdoor Auberge spa and fitness center will cater to all wellness needs. Time outside will be savored at the Beach Club, in the cocktail lounge and at three swimming pools flanked by sun terraces and a poolside café and bar.

Alex Witkoff, Co-CEO, Witkoff, notes, “With all their experience and finesse in curating luxury escapes and lifestyles, it gives me great pleasure to have the award-winning team at Auberge Resorts Collection manage our property in Miami Beach. The approach taken by Auberge Resorts Collection is very much in keeping with Witkoff’s ethos of crafting top-tier luxury destinations. This collaboration is complementary in every way and we very much look forward to working with them to reinstate this iconic property on the Miami Beach skyline.”

Says Craig Reid, chief executive officer, Auberge Resorts Collection: “We are delighted to partner with Witkoff and Monroe Capital as we continue to expand Auberge’s presence in global urban destinations. The Shore Club will be a standout destination highlighting Miami Beach as one of the finest locations in which to relax, play and live.”

Related Group and GTIS Partners Secure $328 Million Construction Loan From Bank OZK for 75-Story Baccarat Residences Miami in Brickell

Related Group and GTIS Partners have secured a $328 million construction loan to finance the development of Baccarat Residences Miami, an ultra-luxury condominium tower located at the gateway of Brickell Avenue. Bank OZK provided the floating-rate loan with a competitive interest rate. Berkadia South Florida arranged the nine-figure loan, with efforts led by Managing Director Scott Wadler and Vice President Michael Basinski, Senior Managing Director Mitch Sinberg and Managing Directors Matt Robbins and Brad Williamson.

The property, which launched in late 2021 and is now more than 95% sold, is currently under construction and is expected to complete in early 2028.

"From breaking ground last October, to now closing this loan, our vision for a skyline-defining property is quickly becoming a reality,” said Jon Paul Perez, President of Related Group. "We’d like to thank our lender, Bank OZK, and our various partners for sharing our optimism on the long-term potential of the South Florida market and our commitment to creating an iconic property the entire city can be proud of.”

The loan extends Brickell’s positive momentum, with the sub-market continuing to outperform other central business districts around the country while bucking macro headwinds.

“Brickell is an exceptional neighborhood that only continues to get stronger and more attractive,” said Robert Vahradian, Partner and Head of US investments for GTIS Partners. “With the entrance of marquee companies, like Citadel; and continued expansion of the area’s retail and cultural offerings and, of course, best-in-class residential product, Brickell continues to exhibit immense potential.”

“Despite a shifting capital markets environment, Related and GTIS continue to shape the skyline of this leading global city,” said Scott Wadler, Managing Director of Berkadia South Florida. “The tower’s strong pre-sale commitments underscoring Miami’s market fundamentals, coupled with the sponsors’ proven track record of success in the immediate submarket, created a compelling lending opportunity to capitalize Brickell’s most distinguished new address. The introduction of Baccarat Residences and its storied brand will further enhance the skyline and elevate Miami’s status as a region for ultra-luxury investment and development.”

The sister property to the record-breaking Baccarat Hotels & Residences NYC, the Brickell tower is made up of 355 residences, including just eight exclusive penthouses. Envisioned by internationally recognized architecture firm Arquitectónica, Baccarat Residences Miami honors the French crystal company's storied two-and-a-half century heritage, while simultaneously introducing a modern architectural marvel that pushes South Florida’s design ethos forward.

Residents will enjoy over 75,000 SF of luxurious five-star amenities throughout five levels of the tower — including exquisitely appointed social spaces, a state-of-the-art health and fitness center, La Mer spa facilities, a private marina with residents’ yacht and more — that will be cohesive in essence but unique in design elements and all expertly managed by SH Hotels & Resorts. The property will also feature a curated collection of museum-quality art.

Imagery via Related Group

Ella Miami Beach Hosts Spring Pickleball Slam With PROFILEmiami and Pura Vida

On Tuesday April 26 Ella Miami Beach, PROFILEmiami and Pura Vida Miami brought the heat with a Pickleball Spring Slam celebration for top brokers and friends of Ella Miami Beach, a 10-story boutique condo which will soon rise above Miami Beach. From thrilling matches to exciting giveaways such as tickets to the upcoming Miami Open, guests soaked up the fun on the courts and indulged in delectable bites and refreshing beverages courtesy of Pura Vida. Attendees got to enjoy a glimpse of a unique amenity coming to Ella Miami Beach, a rooftop pickleball court boasting breathtaking views of the Atlantic Ocean and the iconic Miami skyline.

Ella Miami Beach is being developed by Constellation Group, The Boschetti Group, and Vietmar. The 10-story boutique condominium is designed by Arquitectonica will be located at 6940 Abbott Avenue in Miami Beach. 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.

Steven G. To Design Interiors at Forté Luxe Luxury Boutique Waterfront Community in Jupiter Florida

Interiors by Steven G. will serve as the interior designer for Forté Luxe, a luxury boutique waterfront community in Jupiter, Florida being developed by Forté Development. Forté Luxe will feature 15 multi-level residences on an exceptional and unique peninsula surrounded on three sides by beautiful Intracoastal Waterway views and direct water access. Pricing ranges from $4.35 million to $8 million. Forté Luxe is expected to be completed in Q2 2025 and is located at 12450 Crystal Cove Place, Jupiter, FL 33469.

Not only will Interiors by Steven G. provide stunning, contemporary design for the boutique community itself, but will also redesign Forté Luxe’s sales gallery. The sales gallery is anticipated for completion in April 2024. Interiors by Steven G. was inspired to create a modern coastal living ambiance with all that nature has to offer due to the beautiful blue waters off the inlet of Loxahatchee River, spilling into the Atlantic Ocean. Light wood tones, textured tree barks, shells stones and sand, infused with the cobalt blue and green tones, is what will separate this amazing project from others in the area.

“We are very pleased to work with Interiors by Steven G., one of South Florida’s most prominent interior design firms, on the beautiful, contemporary design for Forté Luxe,” said Fortelni. “Forté Luxe’s multi-level residences will offer the finest designer finishes, merged with the enviable Jupiter-Tequesta lifestyle.”

“Forté Luxe is a spectacular project that undoubtedly transcends residents into an oasis of retreat, fresh air, sunshine and the most beautiful sceneries,” said Steven Gurowitz, founder and president of Interiors by Steven G. “We are thrilled to work on this inspiring development and are excited to watch the modern coastal living come to life through our design.”

Residences will range from 3,550 to over 5,000 square feet of living area. Features will include expansive great room interiors showcasing captivating views through full-height glass doors and windows, private garage with grand entry, featuring unrestricted views of the beach line and water, private interior elevators, voluminous ceilings and full-height sliding glass windows and door, waterfront covered terrace with built-in outdoor gas grills for al fresco dining, spacious elevated balconies with spectacular Intracoastal views.

Forté Luxe will also offer 13 private boat slips for up to 60-foot vessels (residents can purchase dockage), and a private resort-style swimming pool and sun deck with entertainment areas.

Forté Luxe features architecture is by Alfonso Jurado, and KAST Construction is the general contractor for the project. Douglas Elliman Development Marketing is the exclusive sales team.

Renderings via WeAreVisuals

Okan Tower Set For Massive 1,200 Truck Concrete Foundation Pour Friday

Paving the way for a new landmark on the Downtown Miami skyline, a crew of 300 workers across three shifts with the help of 1,200 concrete trucks, will pour the foundation for Okan Tower, the highly-anticipated development set to be one of Downtown Miami’s next major mixed-use megaplex and will feature the Hilton Miami Bayfront Hotel. Rising 902 feet in the air, Okan Tower will be one of Miami’s tallest towers when it debuts in 2027, and its unique architecture is poised to be a defining element for the city.

On Friday, March 29 at 9:00 pm, general contractor Jacob Companies joint ventured with Okan Construction, will orchestrate the continuous pour staged over 36 hours at 555 North Miami Avenue.

"This marks a significant milestone for the Okan Tower team, and we are filled with pride and excitement as our vision for Miami's skyline transforms into a reality," says international property magnate and developer of Okan Tower, Bekir Okan, Chairman of Okan Group. “Okan Tower represents the vibrant and dynamic future that awaits Downtown and we look forward to this exciting next phase of the construction process as we go vertical.”

Located in the epicenter of Miami’s urban core, Okan Tower is situated on a prime downtown site at the crossroads of culture, entertainment, art, fine dining, Miami's waterfront and most celebrated cultural and entertainment landmarks. Okan Tower will be a monument of the future as Downtown Miami has been reinvigorated by the allure of an ultimate live-work-play destination.

The 70-story mixed-use project will feature 163 Sky Residences, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and a Hilton Miami Bayfront Hotel along with 64,000 square feet of ‘Class A’ office space.

Approximately 12,000 cubic yards of concrete weighing 20,226,600 pounds will be poured into the massive, excavated hole for the foundation measuring 234 feet x 140 feet and 14 feet deep. Additionally, subcontractor Moore Group will place 2,300 tons (5,070,632 pounds) of high strength reinforcing steel in the foundation with Cemex supplying the concrete from several ready-mix plants located in Miami.

Uniting a diverse collection of mixed-use elements in one vertical destination, Okan Tower was designed by internationally renowned architecture firm Behar Font & Partners who’ve given it a striking curvature façade inspired by the Turkish national flower, the tulip. Sales and marketing are exclusively overseen by Fortune Development Sales.

Okan Tower marks the first U.S. development for Okan Group, but is just the latest masterpiece in their extensive portfolio of renowned mixed-use projects that has earned the firm a global and deep-rooted reputation in the construction, banking, textile, production and tourism industries, among others.

Renderings via Okan Tower

Todd Michael Glaser's 10 Tarpon Island, Palm Beach's Only Private Island, Goes Under Contract

Palm Beach’s infamous 10 Tarpon Isle, the only opportunity to live on your own private island in Palm Beach, has gone under contract. The home was listed for $187.5 million after initially listing for $218 million following its completion last year. The once in a lifetime legacy estate was developed by one of South Florida’s leading ultra-luxury spec home developers Todd Michael Glaser with his partners and features 360 degrees of water views and privacy. 10 Tarpon Isle was listed with Suzanne Frisbie of The Corcoran Group and Chris Leavitt of Douglas Elliman while the buyer is represented by Margit Brandt of Premeir Estate Properties.

The original 1930’s estate was completely redeveloped and now spans 28,618 total square feet of living space situated on the 2.2+ acre private island. 10 Tarpon Isle features 11 bedrooms and, 15 full bathrooms bathrooms and 7 powder rooms with a 5 car garage and guest house.

10 Tarpon Isle features the ultimate in luxury including a newly reimagined indoor spa features a massage room, hair salon, steam room, and sauna. There is also a beautiful library with a bar, wine refrigerator and humidor cigar display; a wine room; and an Entertainment Room with fireplace, wine refrigerator, billiards table, and movie lounge. The home fitness club quality gym features a weight room, cardio room, wet bar and fireplace.

Outdoors the estate’s extensive ground feature lush landscaping and resort style amenities with 360 degree water views. 10 Tarpon Isle features rare lighted clay tennis court with a viewing pavilion, an east facing pool, a loggia with full outdoor kitchen and fireplace as well the main 98' south facing pool with spa with pool bar and cold plunge. The island also features two separate boat docks to accommodate an array of vessels and sea toys.

Images via Todd Michael Glaser, Chris Angle Real Estate and Douglas Elliman

Apple Store And Mixed-Use Tower Coming To Miami Worldcenter in Downtown Miami

The fast-growing 27-acre, $6 billion Miami Worldcenter continues to take form in Downtown Miami as it was recently revealed that an Apple Store is coming to the mega-project, in addition to a recently approved mixed-use tower. Apple has leased 15,000 SF of retail space at 725 NE 1st Ave where construction is already underway and renderings filed with the city in 2022 show an iconic stand-alone one-story structure right in the middle of World Square; a 20,000 SF outdoor public plaza and park at the heart of the Miami Worldcenter mixed-use mega-project. World Square is designed as a central gather place and will feature an abundance of open space, shade trees, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts. The Miami Worldcenter Apple Store will be the sixth Apple Store coming to Miami-Dade County and is expected to open in 2025.

Falcone Group, one of the main developers at Miami Worldcenter, also recently was granted approval for a new 53-story, 632’, Nichols Architects-designed mixed-use tower for Miami Worldcenter’s nearby Block C. The tower will feature a 280 room hotel, 351 condos ranging from studios to 3-bedrooms. Amenities include a fitness center, spa, bar and lounge, 25th floor pool deck. The tower will also feature 3,500 SF of retail space and an 8,000 SF restaurant.

Miami Worldcenter is one of the largest privately owned and developed urban real estate developments in Florida. The mega-project is currently coming alive in phases and features a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. Miami Worldcenter is being developed by Miami Worldcenter Associates, led by Falcone Group, Nitin Motwani of Merrimac Ventures and CIM Group.

More than 93% of the development’s retail space had been leased as of February 2024. Signed leases with concepts coming soon include Nick Jonas and John Varvatos’ Villa One Tequila Gardens, Serafina, Starbucks, Earls Kitchen + Bar, Sports & Social, Sixty Vines, Bowlero, The Container Store and Rihanna’s Savage X Fenty. Already open outlets include three new food and beverage options by Ariete Hospitality Group’s Michelin-star-rated Chef Michael Beltran, Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar; national retail brands lululemon, Sephora, and Ray-Ban; the affordable luxury citizenM Miami Worldcenter hotel; and a Lucid Motors luxury electric vehicle showroom and service center.

Miami Worldcenter is now home to three completed residential towers – PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami. Additionally, construction is nearing completion at Lalezarian’s 52-story Miami World Tower 1, which will comprise 550 apartment units; at Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; at the second phase of Caoba, which will encompass an adjacent 40-story tower with 420 apartments; and at The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures.

Planned developments include three additional residential towers developed by Lalezarian with 2,000 multifamily units; 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures; JEM Private Residences, a 67-story mixed use luxury residential tower with 259 condos and about 500 apartment units by New York-based developer Naftali Group; a two-tower mixed-use residential and commercial development by Abbhi Capital; and a three-tower mixed-use residential project by The Witkoff Group.

Block C Mixed-Use Tower:

Renderings via Nichols Architects, City of Miami and Lifang

Private Florida Keys Resort Style Luxury Home Community SeaGlass Cove Passes $21 Million in Sales

Constellation Group, the Miami-based commercial real estate investment and development firm, and Ironwood Venture Group, a real estate development firm, have sold over $21 million combined of the residences at SeaGlass Cove, a new lush, private enclave consisting of just 14 single-family homes in Marathon, Fla., in the heart of the Florida Keys. Buyers have been a mix of end users intending to reside at the community, and investors seeking passive income through short term rentals. The first three homes of the oceanfront development, where residences start at in the low $3 million range, are slated for completion in March 2024.

"The extraordinary sales success is a testament to the rising demand for new construction oceanfront properties, especially those allowing weekly rentals, as well as SeaGlass Cove’s design and appealing architecture emphasizing, intimacy, exclusivity, and the laid-back luxury lifestyle that celebrates the best of the Florida Keys,” said Eduardo Otaola, Principal at Constellation Group. “It’s a highly unique blend of barefoot luxury meets carefree oceanfront living.”

Located at 59720 Overseas Highway in Grassy Key, SeaGlass Cove’s residences are nestled amongst colorful coves and turquoise waters in a private gated community. Comprised of approximately 5,000 square feet of living and entertainment space, each three-story residence offers stunning views of the Atlantic Ocean, as well as chef’s kitchens and spa baths that will be luxuriously appointed with designer finishes and appliances. Additional highlights include rare two-car garages, private covered cabanas, fire pits, and summer kitchens replete with beach access.

“New construction luxury oceanfront residences in the heart of the Florida Keys are a true rarity given the difficult entitlement landscape and the strict building codes that these homes have to adhere to,” said Everett Atwell, Managing Director of Ironwood Venture Group. “Our buyers understand the unprecedented appeal and value proposition this project offers, especially when considering the short-term rental component that allows for passive income.”

The oceanfront enclave features a myriad of resort-style amenities, including a pool overlooking the ocean, a private on-site pickleball court, and activities that include paddleboarding, swimming, fishing, snorkeling, biking, and much more from the property’s private beach. SeaGlass Cove is minutes from fine dining, shopping, spas, marinas, and much more.

The property is 20 minutes South of Islamorada, is close to Florida Keys/Marathon International Airport, and offers convenient access to Overseas Highway, which spans the entire chain of the Keys, and over the Atlantic Ocean, Florida Bay, and the Gulf of Mexico.