Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon exploring real estate markets, design and development; followed by bespoke networking and enjoying cocktails by E11EVEN Vodka with some of the largest and most active real estate developers, investors and brokers in Miami.

The event was kicked off by a VIP Lunch hosted by Diego Torrealba of MG Developer at Coral Gables hot-spot Zucca. VIP guests enjoyed a chef’s menu alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Following the lunch attendees gathered at the Coral Gables Museum for the Women in Real Estate Panel, the first of three panels kicking off the speaking component of the event. Vanessa Stabile of ONEsir, Cassie Resnick of Mast Capital, Alicia Lamadrid Paysse of Cervera Real Estate, Katya Demina of PROFILEmiami and Amelia Rodriguez of Banesco discussed how they have navigated their careers as women in the male dominated real estate world. They also discussed how the city has evolved and how they have taken advantage of the growing real estate market to stand apart and advance their careers.

The women’s panel was followed by the Coral Gables Design and Development Panel, which featured Eduardo Otaola of Constellation Group, Diego Torrealba of MG Developer, Raymond Fort of Arquitectonica, Scott Sherman of Torose Equities and Scott Wadler of Berkadia discussed how Coral Gables Mediterranean revival architectural requirements impact development and the valuation of real estate in ‘The City Beautiful.’ Developers Diego Torrealba and Eduardo Otaola touched on how they worked with the Coral Gables design codes to plan projects that enhance the quality of the community while Scott Wadler discussed the differences between Build to Rent vs Build to Sell. Scott Sherman also discussed how companies such as Apple are moving into Coral Gables and bringing their high-paying employees, pushing both residential and commercial rent rates higher.

The afternoon was capped off with The Legends Panel, featuring Edgardo Defortuna of Fortune International Group, Bernardo Forte Brescia of Arquitectonica and Carlos Rosso of Rosso Development. The trio had all previously worked on projects together and discussed their experiences developing the city into the world-class metropolis it is today including projects such as The Ritz-Carlton Residences, Sunny Isles Beach and Miami’s Paraiso District. They also discussed how a quality design and understanding of the buyer is so important to development and the success of a project. They also discussed how they started their own companies and took their brands global. The legends also gave insight on how their was opportunity for aspiring developers to team up with established developers to learn from them before undertaking projects on their own.

Following panels guests gathered outside on the museum veranda for Bespoke Networking and Sunset Cocktails featuring bites from Zucca and cocktails by E11EVEN Vodka. Guests got to network with the panelists as well as other real estate heavyweights such as Alirio Torrealba of MG Developer, Nelson Stabile of Integra Investments, Rainer Viete of Vietmar, Daniel de la Vega of ONEsir, Jose Boschetti of Boschetti Group and Michael Hamaoui of Pagani Residences.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

FIRST ON PROFILE: OKO Group and Cain International Top Off Bayfront Una Residences in Brickell at 47 Stories

Construction of Brickell’s first waterfront residential development in over a decade, Una Residences, has completed vertical development and “topped off” at 47 stories. The ultra-luxury project, situated at 175 NE 25th Road within Miami’s picturesque and private South Brickell enclave, is being developed by OKO Group and Cain International. Construction is expected to complete in early 2025.

Designed by world-renowned architects Adrian Smith + Gordon Gill (AS+GG), Una Residences comprises 135 spacious condominiums with unobstructed views of the Atlantic Ocean, Key Biscayne, and the Downtown Miami skyline.

The construction milestone comes amidst South Florida’s recent business and wealth migration trend which has driven steady pre-sales to the tower, now nearly sold-out. In 2022, Una’s two upper tri-level penthouses sold for $17.75 million each – a price point which still stands today as the highest recorded condominium sale in Miami’s Brickell submarket. A handful of residences remain available for purchase priced from $4.4 million to $10 million.

“This marks a pivotal moment for our team, as we introduce a one-of-a-kind building to the Brickell City skyline. With its yacht-inspired aesthetics, world-class amenities, and a prime waterfront location, Una Residences offers a luxury living experience unique to the South Florida market. This exceptional combination has enabled the project to command market-leading premiums in Miami and set a new standard for luxury residences in Brickell,” said developers Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International, in a joint statement.

Residences range from two- to five-bedroom units measuring between 1,100 to 4,786 square feet. Una’s two ultra-exclusive upper tri-level penthouses measure approximately 7,089 square feet with an additional 2,871 square feet of outdoor terrace and rooftop space, with each residence boasting two private pools, a summer kitchen, sauna, and steam room.

Amenities at the boutique-style tower will complement Miami’s outdoor lifestyle, including a private marina, three swimming pools, a children’s splash-pad area and playroom, a movie theater, a resort-inspired spa and steam room, a state-of-the-art fitness center featuring yoga and personal training facilities, onsite dining, and more. Una’s amenities will also extend beyond the property, as residents will receive exclusive membership to the Grand Bay Club on the beachfront of Miami’s Key Biscayne.

Una Residences is part of an extensive portfolio of best-in-class offerings being delivered across South Florida by OKO Group and Cain International. The portfolio, encompassing both luxury residential and commercial spaces, includes Missoni Baia, a newly delivered luxury condominium in Miami’s Edgewater neighborhood; 830 Brickell, a class A-plus office tower nearing completion in Miami’s Brickell Financial District; and One River, a luxury multifamily tower under construction in Downtown Fort Lauderdale.

Cain International and OKO Group’s partnership further extends to One Beverly Hills, a 17.5-acre mixed-use urban destination master planned by Lord Norman Foster. The development will mark the introduction of Aman’s inaugural urban resort to the West Coast of North America, featuring a limited number of Aman residences, an Aman Hotel, and an exclusive Aman Club.

Separately, OKO Group, the U.S. development firm founded by Aman’s CEO and Chairman Vlad Doronin, is also developing Aman Miami Beach, which encompasses a restored Art Deco hotel and a newly constructed Kengo Kuma-designed Aman-branded residential tower, now under construction along the oceanfront.

Images via GoldenDusk Photography

Mast Capital Delivers Avalon Merrick Park Coral Gables Multifamily In Partnership with AvalonBay Communities

Miami-based real estate development firm Mast Capital in partnership with AvalonBay Communities, a publicly traded real estate investment trust that invests in multifamily developments, has delivered Avalon Merrick Park. Situated at 3811 Shipping Ave. in the upscale Coral Gables area, the residential community has 254 luxury rental units and an array of unmatched amenities to accommodate the growing demand for luxury rentals.

“Coral Gables continues to outperform as one of the most highly desired cities and in-demand residential markets across South Florida,” said Camilo Miguel Jr., CEO and Founder of Mast Capital. “The delivery of Avalon Merrick Park and the leasing success to date underscores the rising demand for high-quality housing in the Coral Gables market. Our community offers a unique urban and sophisticated setting complemented by spacious residences and lifestyle-driven amenities that create an elevated living experience.”

Avalon Merrick Park offers a variety of floorplans ranging from studios, one-, two-, and three-bedroom apartments spanning from 456 to 1,530 square feet in size. The thoughtfully designed living spaces feature modern kitchens with quartz countertops and stainless-steel appliances boasting tile backsplash, LED lighting, and hard-surface flooring.

Designed by award-winning architecture firm Arquitectonica and constructed by First Florida, the multifamily development offers a robust amenity package that includes an elevated, resort-style swimming pool with infinity edge and ocean views, state-of-the-art fitness center complete with a yoga studio, a resident lounge with coworking spaces and pet spa. Residents will also enjoy Avalon Connect offering high-speed WIFI in both units and common areas, digital resident services including the ability to submit service requests and pay rent online, and lockers for the secure delivery of packages.

Avalon Merrick Park is within walking distance of one of the area’s most acclaimed open-air lifestyle centers, Shops at Merrick Park, home to luxury and designer brands and a variety of upscale dining, shopping, and entertainment options. The residential community is just one mile from the center of Coral Gables, where its iconic pedestrian promenade Miracle Mile is considered a premier destination with dozens of shops, eateries and cafes. The property is also conveniently close to other popular neighborhoods such as Coconut Grove, South Miami, Brickell, and Downtown Miami.

Mast Capital has emerged as one of Florida’s most active real estate development and investment firms, with a diverse portfolio of residential and commercial properties throughout the region. The firm continues to expand its portfolio, with acquisitions representing over $3.5 billion in total project capitalization. These investments include new-build development of 4,000 residential units in Brickell, Miami Beach, Fort Lauderdale, Palm Beach County, as well as the Orlando, Fort Myers, and Tampa Bay metro areas.

Black Lion Acquires Miami Beach Office Building For $62.5 Million And Reveals Renderings Of Rockwell Group Luxury Renovation

President of Black Lion, Robert Rivani, the real estate and hospitality visionary who has invested over $250 million into Miami real estate in the past few years, is venturing into the commercial office sector with his largest and most ambitious acquisition to date, the $62.5 million purchase of ‘The Lincoln’ in Miami Beach. Robert has plans to invest an additional $50 million to reimagine the property into ‘Class X’, an innovative concept that aims to redefine luxury and service standards in the office industry. Named the ‘Rivani’, the reimagination will deliver a meticulously-designed, highly amenitized experiential office and retail property that transcends the standard, mundane office space.

“While luxury residential and hospitality projects push the boundaries of service and experience to attract discerning clientele, office spaces remain conventional, failing to meet today’s expectations. Companies are struggling to entice employees back to the workplace,” said Robert. “I see an opportunity to cultivate an environment that isn't just functional, but genuinely desirable - something people will truly want to be a part of. I am introducing a whole new category of office space that will reinvent the luxury office and set a new standard for the entire industry.”

Inspired by Robert’s travel to world-class destinations across the globe, ‘Class X Office’ will seamlessly integrate luxury with convenience, establishing elevated benchmarks for amenities, design, technology, and hospitality-infused services. Designed by renowned architecture and design firm Rockwell Group, ‘Rivani’ is poised to become a beacon office destination unlike any other, showcasing features you would find at an exclusive 5-star hotel, including a concierge, spa, meditation room, fitness center, salon, cafe, living room for meetings and gatherings, a podcast room, plus a Japanese restaurant and speakeasy. Members also gain access to private event spaces.

“Rockwell Group is thrilled to partner with Robert and Black Lion on this pioneering project,” said Shawn Sullivan, Partner, Rockwell Group. Rivani is an opportunity to bring a luxurious, tailored, and timeless experience to Miami’s office sector. We were inspired by the dichotomy of French and Japanese design influences: Sophisticated, layered, artful moments juxtaposed with meditative, distilled and crafted spaces. Throughout, we celebrate exquisite views, the geometry of the existing building, and the lushness of Miami.”

"Rivani is redefining Miami's office design landscape by seamlessly blending opulent hospitality with a tranquil, wellness-centric ethos,” said Carlos Rodriguez from Escala Forma Studio. "Through a harmonious fusion of calming aesthetics and high-end amenities, our design transforms the workspace into a sanctuary of style, comfort, and productivity, elevating the overall work experience."

Ideally located in the heart of Miami Beach at 1691 Michigan Avenue next to buzzy Sunset Harbor and Lincoln Road, the landmark property showcases 118,658-square feet of interior office space, 5,000 of which will serve as Black Lion’s new flagship Miami headquarters, 43,166-square feet of retail, and 318,000-square feet of parking. Current tenants include Apple, West Elm, William Sonoma, Morgan Stanley, and Coldwell Banker.

The building is one of the largest in the area and the transaction marks the largest office transaction in Miami Beach since 2016. Christian Lee and Sean Kelly from CBRE represented the seller while Jeremy Hakala, Clay Sidner and Brandon Shores with Newmark represented Black Lion in the transaction and will oversee leasing. Completion for the project is expected mid 2025.

“This transaction stands out as a milestone in South Florida’s commercial real estate industry, underscoring Black Lion's confidence in the area’s office and retail sector,” said Hakala. “At a time when people are betting against office ventures, Robert is boldly investing millions and going full force, positioning himself as a pioneer in redefining the asset class in a city that demands it.”

Within just 2 years since entering the Miami market, Black Lion has established a formidable presence, amassing a portfolio that now exceeds $250 million in South Florida alone and disrupting the real estate hospitality scene by signing world-renowned brands including Delilah at Brickell Bay Boardwalk, CATCH at the Continuum, Amara at Paraiso with chef Michael Schwartz, and Gekko by David Grutman.

“This marks an unbelievable personal and professional achievement for me,” said Robert. “Being able to close such a significant deal without partners or investors at the age of 34 is a dream come true, and validates what I have been working so hard to build. It wasn’t long ago that I was selling Jordan sneakers and being a serial entrepreneur. Now I’m buying my own office building, establishing my company headquarters there, and pioneering a whole new ‘Class X’ sector. This isn’t just a real estate transaction, but the start of an entirely new frontier for how people will experience luxury at the office.”

Related Group and GTIS Partners Reveal Viceroy Brickell

Related Group and GTIS Partners, along with renowned luxury hospitality company Viceroy, have launched sales for Viceroy Brickell - The Residences. Viceroy’s inaugural standalone residential endeavor introduces a fresh infusion of style and allure to Brickell’s global financial hub, with interiors by the award-winning studio Meyer Davis and architecture by the globally renowned Arquitectónica. Construction on Viceroy Brickell is now underway, with completion projected in early 2026. Fortune International Realty is the exclusive sales agency for Viceroy Brickell. The sales launch also marks a major milestone for Viceroy, which was acquired by principals of international hospitality investment and management company Highgate in 2023.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity”

Emerging from the One Brickell complex, at the gateway of Brickell Avenue and the Miami River, Viceroy Brickell brings a higher level of global culture, style, and hospitality experience to Miami’s most exciting community. In addition to ample shopping, entertainment and culinary options, Brickell’s proximity to public transit has also made it one of the state’s most walkable communities, with easy access to the Metromover, the Underline, and a network of pedestrian and cycling paths. This has led to the area being recognized as one of the best places to live in Miami.

"The Brickell neighborhood is among South Florida’s most well-known and desirable destinations, distilling the very best our region has to offer into a vibrant, cosmopolitan live-work-play community,” said Nick Perez, President of Related Group’s condominium development division. “At Related Group, we've been privileged to witness and contribute to this community’s prominence firsthand. Through the launch of Viceroy Brickell, we extend our commitment to the neighborhood and celebrate our alignment with Viceroy, a brand that embodies elevated experiences, and spaces.”

Viceroy Brickell places residents at the epicenter of commerce and culture, located minutes from MICHELIN-starred restaurants, world-class museums, luxury shopping, five-star hotels and one of the country’s most prosperous job markets — all in the heart of One Brickell’s vibrant, exhilarating neighborhood.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity,” said Robert Vahradian, Partner and Head of US Investments for GTIS. “With national and international corporations continuing to open offices in or around greater Downtown, together with world-class shopping and dining in the area, we are incredibly bullish on the near and long-term demand for top-tier, class-A projects like Viceroy Brickell.”

Set in a 45-story glass tower overlooking the glittering Brickell skyline, the Miami River and Biscayne Bay, Viceroy Brickell will offer a collection of 420 residences - including studios, one- and two-bedroom homes - ranging from 485 square feet to 1,286 square feet. The property will also feature two full levels of marquee penthouses and 56 city flats fronting S.E. 5th Street with a first-row view of Brickell’s vibrant urban lifestyle.

As the property’s interior designer, Meyer Davis looked to translate the impeccably chic design sensibility of the Viceroy brand into a fully realized lifestyle offering, with high-tech and high-touch residential spaces complimented by luxurious hotel-grade amenities. The lobby has been designed as a sophisticated destination space that is usable throughout the day with ample natural light, white terrazzo tile, warm oak wood walls and tropically influenced murals. This palette offers subtle Art Deco and Mid-Century references, keeping with the property’s prime Brickell location. The ground floor F&B space feels plush and eclectic, featuring a bronze mirror-clad bar offering espresso by day and martinis by night. Design for the residences focuses on conveying both the warmth and restraint of Miami’s modern aesthetic with clean, intuitive layouts that embody a sense of privacy, relaxation and retreat.

Viceroy Brickell is also home to 37,000 square feet of meticulously curated amenities and robust list of resident services – all managed by the Viceroy Hotel and Residences hospitality team. Among these offerings is an expansive 14th level amenity deck with a heated pool, outdoor spa, poolside cabanas, summer kitchen, pool-side café, bocce court and pristinely landscaped outdoor lounge. The first-class fitness center offers a cardio theater overlooking Miami’s dynamic skyline, along with saunas and custom treatment rooms.

Residents will also have access to One Brickell’s lushly landscaped promenade along the Miami River and a private, resident-only marina. Topping it off, the on-site property offerings are further enhanced through complimentary memberships to the Gran Bay Club in nearby Key Biscayne.

Indoor amenities include a multi-sport simulator studio; resident club room with full-service bar, billiards, humidors and multimedia facilities; wine cellar and tasting room; and private cinema. And — true to Related Group’s ongoing commitment to the arts — a permanent installation of curated, museum-quality contemporary artwork from the Jorge M. Pérez Collection.

“As we continue to refine and reposition the Viceroy brand, we remain committed to pursuing projects that are distinct and special,” said Mark Keiser, President of Viceroy. “Collaborating with Related Group and GTIS Partners on Viceroy Brickell enables us to expand on our future, which will focus on bringing people closer to the stories, places and lifestyle that make our world unique.”

First launched in 2000, Viceroy remains a well respected name in luxury hospitality, being named one of Travel + Leisure’s ‘Top 25 Hotel Brands’ in 2023. With locations across eight markets, Viceroy is committed to inspiring global travelers via one-of-a-kind, authentic experiences that meld provocative design and intuitive service.

Melo Group Tops Off Construction On South Tower at Aria Reserve in Edgewater

Melo Group has topped out Aria Reserve’s Arquitectonica-designed South Tower at 62 stories. The widely anticipated dual tower project in Edgewater, Miami, is the latest entry by the Melo Group into the high-end luxury market. Both towers are now officially expected to be fully completed in a record-breaking three-year timeframe since groundbreaking. The south tower is close to being sold out with over 95% of sales and the north tower is at 85% percent to this day. A few weeks ago, the developer announced it was lowering the deposit requirement to 20% due to the project’s success.

“We are very proud of this important milestone as we head into our target timeline of completion while we deliver great quality and continue to bring sustainable development to Edgewater. Aria Reserve is the continuation of the success of our Aria brand, which is our luxury label, and we have long term plans for the future of it.” commented Martin Melo, Co-Principal, The Melo Group.

Aria Reserve is a luxury condominium development underway by the Melo Group in Miami’s Edgewater neighborhood consisting of two 62-story towers situated on five acres of waterfront land at 700 NE 24th. Street along Biscayne Bay. The development will mark the tallest waterfront dual residential towers in the United States. Slated for completion in 2025, Aria Reserve will feature 383 residences, over two-acres of exceptional open-air amenities, breathtaking architecture, and an enviable bayfront location that boasts direct unobstructed views of Biscayne Bay, the Atlantic Ocean, and the Miami Beach skyline. Aria Reserve’s was designed by internationally acclaimed architect Bernardo Fort-Brescia of Arquitectonica, with interiors by MORADA Haute-Furniture Boutique, and landscaping by ArquitectonicaGEO.

“Aria Reserve is the only development of this magnitude on Miami’s waterfront that is delivering in the next year. As the pioneer developer of Edgewater, it took us years to delicately assemble five acres of land that will now be one of the most marvelous landmarks in Miami’s waterfront skyline, with easy access to Miami Beach, downtown and Brickell and mayor highways.” Added Carlos Melo, Co-Principal, The Melo Group.

The project includes two acres of recreational space and open-air amenities. Aria Reserve offers tennis courts, paddleball, a semi-Olympic lap pool, a minigolf and pickleball, an ultramodern gym, and a half-basketball court. The amenities at Aria Reserve will also include one of the few waterfront restaurants in Miami, access to the Bay Walk, and a private dog park. In addition, there will be gardens, pools, a spa, a wine cellar, and internal and external social areas.

On the ground floor along 23rd Street, Melo Group is developing a public park with open green space that will connect to the Miami Bay walk, providing direct access to the 5-mile-long pedestrian and bicycle-friendly waterfront walkway which runs along Biscayne Bay from Edgewater, around Brickell Key, and all the way to Brickell Bay Drive in Brickell. Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways – the two main arteries connecting the City of Miami and Miami Beach – Edgewater has fast-emerged as the epicenter of the new Miami. The surrounding neighborhoods of Downtown’s Arts and Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach put residents within blocks of dozens of luxury retail shops, high-end restaurants and world-class arts and culture venues.

Melo Group has been one of the most prolific development firms in Greater Downtown Miami with a portfolio of more than 8,000 residential units completed. Over the last two decades, the Melo Group has delivered 25 residential towers across Miami’s Central Business District, Edgewater, downtown. They are positioned as one of Miami’s most prominent long-term investors and landowners.

Kobi Karp-Designed Edge House Launches Sales of Short-Term Rental Condos in Edgewater

Grupo T&C, a prominent developer based in Peru, has unveiled its latest venture, Edge House Miami, situated in the vibrant Edgewater district of Miami. This 55-story tower introduces a fresh concept in luxury home-sharing, promising a blend of refined living spaces, premium amenities, and seamless access to key destinations including the Design District, Midtown, Downtown, Brickell, and Miami Beach.

"Edge House Miami exemplifies our commitment to crafting spaces that redefine the way people live," remarked William Ticona, General Manager of Grupo T&C. "This project represents an unparalleled opportunity for investors and future residents alike, offering meticulously curated residences and a suite of amenities tailored to the contemporary lifestyle."

Designed by renowned architect Kobi Karp, Edge House Miami offers fully furnished residences adorned with interiors by the acclaimed Adriana Hoyos Design Studio. With floor plans ranging from 375 to 1,242 square feet, residents can choose from studio, one-bedroom, one-bedroom plus den, and two-bedroom layouts, all boasting nine-foot ceilings, floor-to-ceiling windows, and private outdoor terraces in select units, seamlessly blending indoor and outdoor living.

The kitchens feature European cabinetry, high-end appliances, and contemporary stainless steel sinks, while bathrooms boast imported European cabinets, frameless glass showers, and premium fixtures. Each residence is equipped with fully built-out closets, high-efficiency washers and dryers, and advanced Smart Building wiring for added convenience.

Edge House Miami boasts a comprehensive array of amenities catering to diverse needs and desires, including poolside terraces, active and tranquil pools offering breathtaking city views, indoor and outdoor lounge areas, a kids club, wellness center, fitness center, private yoga studio, and flexible co-working spaces. Additional features such as 24/7 valet, concierge services, and a welcoming lobby lounge enhance the overall living experience.

Landscape architecture by Witkin Hults & Partners further enhances the property's appeal, with features like a wraparound garden and an outdoor park with a dedicated dog area, exclusive to residents.

"We are pleased to collaborate with Edge House Miami, a project that epitomizes innovative design and creative vision," commented Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida. "This development marks a significant milestone in luxury living within the Edgewater submarket."

Situated in Miami's sought-after Edgewater neighborhood, Edge House Miami offers proximity to Margaret Pace Park, the Venetian Causeway, and the Arts & Entertainment District, with Midtown and Downtown just a short distance away. Residents can also enjoy easy access to Miami Beach, known for its iconic architecture, cultural attractions, and sandy beaches.

Douglas Elliman Development Marketing serves as the exclusive sales and marketing broker for Edge House Miami, with prices starting in the $400,000s. For more information, visit EdgeHouseMiami.com.

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.”