Waterfront Home On Miami Beach's La Gorce Island Sells For $62.5 Million

A new construction waterfront home set on the exclusive La Gorce Island has sold for $62.5 million. Located at 98 La Gorce Circle, the contemporary villa was designed by Choeff Levy Fischman and developed by Philippe Harari’s Aquablue Group.

A new construction waterfront home set on the exclusive La Gorce Island has sold for $62.5 million. Located at 98 La Gorce Circle, the contemporary villa was designed by Choeff Levy Fischman and developed by Philippe Harari’s Aquablue Group. Mirce Curkoski & Albert Justo with The Waterfront Team at ONE Sotheby's International Realty represented the seller; the buyer was represented by Jill Eber with The Jills Zeder Group.

The home achieved LEED Gold-Certification and spans 7 bedroom, 10 full bathrooms and 3 half bathrooms, situated on an expansive 31,800-SF property overlooking the water. The contemporary design features an abundance of water features, imposing entrance in bronze, book-matched travertine & Japanese white oak. The unrivaled interior with finishes in leather, marble & luxurious wall coverings handcrafted by Italian artisans. The home also features a 1,800 SF master suite, large rooftop, expansive terraces, gym & spa, home theatre, office, chef’s kitchen, Crestron smart home system, entertaining areas and a marble wine cellar. Outdoors features an 88’ long cascading infinity-edge pool/jacuzzi, outdoor kitchen and fire pit; as well as a dock for large yacht.

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Kobi Karp-Designed Villa17 Townhome Development Launches Sales in Miami Beach

Regency Development Group, in partnership with renowned architect Kobi Karp, have revealed Villa17, an exclusive enclave of luxury townhomes situated at the corner of 17th and Jefferson Avenue in Miami Beach.

Regency Development Group, in partnership with renowned architect Kobi Karp, have revealed Villa17, an exclusive enclave of luxury townhomes situated at the corner of 17th and Jefferson Avenue in Miami Beach. Villa17 has appointed esteemed Douglas Elliman agent Darin Tansey to oversee sales and marketing initiatives for the luxury townhome development.

Comprised of just 10 meticulously designed townhomes, Villa17 offers discerning buyers an unparalleled blend of sophistication and city living. Each residence will feature 4 bedrooms and 4.5 bathrooms starting at $3,500,000. Interiors will be led by the acclaimed design firm Yodezeen. Buyers will have the opportunity to select from three distinct design options as well as customizable features, complemented by top-of-the-line finishes and fully furnished interiors, embodying the epitome of turnkey luxury.

"Villa17 represents a unique opportunity to experience the quintessential Miami Beach lifestyle," said Michael Troyanovsky, Managing Partner and Vice President of Marketing and Sales at Regency Development Group. "Situated in the heart of Miami Beach, just steps from Lincoln Road and the beach, Villa17 caters to the discerning tastes of today's luxury buyers. With Darin Tansey at the helm, we are confident in the success of this remarkable project."

Residents of Villa17 will enjoy exclusive access to their own private elevator, traversing four floors to reach their secluded rooftop retreat. Custom finishes include Poliform kitchens and closets, with bathrooms by Antonio Lupi, state-of-the-art kitchens equipped with Miele appliances and a private 2-car garage, ensuring both convenience and security.

“Villa17 fills a unique niche in the Miami Beach market, catering to the demands of discerning buyers seeking privacy, luxury, and unparalleled lifestyle amenities. With its exquisite design, prime location, and customizable features, Villa17 is poised to redefine luxury living in Miami Beach,” said Darin Tansey, Executive Director of Luxury Sales at Douglas Elliman.

Floor plans at Villa17 range from 2,500 to 3,000 square feet, boasting expansive 10-foot ceilings that frame the picturesque views of Lincoln Road or the meticulously landscaped garden terrace. The 10 customizable townhomes also offer a sky deck, allowing buyers to customize their private rooftop terrace to their exact specifications. Villa17 perfectly balances convenience with sophisticated minimalism, offering residents the ultimate luxury city lifestyle amidst the vibrant energy of Miami Beach.

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Morabito Properties Expands and Refinances Mixed-Use Wyncatcher Development in Miami’s Wynwood Neighborhood

Morabito Properties, a Miami Beach-based real estate development company led by developer Valerio Morabito, has expanded the firm’s existing Wyncatcher development in Wynwood by acquiring an adjacent warehouse located at 2150 NW Miami Court.

Morabito Properties, a Miami Beach-based real estate development company led by developer Valerio Morabito, has expanded the firm’s existing Wyncatcher development in Wynwood by acquiring an adjacent warehouse located at 2150 NW Miami Court. Wyncatcher is a boutique, adaptive reuse mixed-use, creative office property located at 2413 NW 1st Avenue in Miami’s Wynwood Arts District. Morabito Properties also secured a $35 million loan with BridgeInvest, a private real estate lender, to refinance the entire assemblage including Wyncatcher I which is fully leased to Knotel and set to open this summer. Berkadia Managing Director Scott Wadler and Vice President Michael Basinski Miami secured the financing on behalf of the sponsor, Morabito Properties, the deal closed on May 29.

The newly acquired warehouse will be converted into a state-of-the-art commercial space (Wyncatcher II) with a variety of uses, ranging from event to office and retail. Designed by Vagabond Architecture, known for their work retrofitting existing buildings, the structure will join the existing two-story, 47,852 square-foot Wyncatcher I, designed by world-renowned architecture firm, Arquitectonica. Both buildings showcase exterior murals, an iconic feature of the vibrant neighborhood, by acclaimed Portuguese artist Alexandre Farto, known as VHILS.

Knotel, a flexible workspace operator owned by Newmark, one of the world’s largest commercial real estate advisory firms, signed a seven-year pre-lease deal for the entirety of Wyncatcher I and will open this summer, offering office space ranging from 3,976 square feet to 37,427 square feet, and a restaurant with 6,051 square feet of indoor space and 6,861 square feet of outdoor space. The unique structure sports elegant double-height, industrial-style windows over two stories.

“Wynwood has evolved into a cultural hub where people want to spend their days, whether it be by perusing art and retail or celebrating the next life milestone. Wyncatcher will be the community for it all,” said Valerio Morabito, CEO of Morabito Properties. “We’re grateful for our relationship with BridgeInvest to make this all possible.”

“BridgeInvest has been providing creative financing solutions for projects in Wynwood since our inception over 13 years ago,” said Alex Horn, managing partner of BridgeInvest. “Morabito Properties’ vision is both creative and discerning, and will deliver effective office and retail options as dynamic as the Wynwood neighborhood it will reside in.”

Originally an abandoned warehouse district, Wynwood has grown into a thriving haven for art, fashion, innovation and creativity, hosting over 15 million annual visitors. The neighborhood’s 50 blocks are home to leading technology and finance companies, including Spotify, Founders Fund and Live Nation. The area is also renowned for its top hospitality offerings, such as Uchi, Pastis and Michelin Bib Gourmand Doya. Its ever-growing development pipeline includes thousands of upcoming new residential units, hotel keys, office space and a new high-speed railway stop, built by Brightline, as part of the Northeast Corridor Project, the Miami-Dade portion of the Coastal Link, extending from Downtown Miami to the City of Aventura.

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ELLE Launches First Residential Tower in Miami’s Edgewater Neighborhood

ELLE, the globally renowned fashion and lifestyle media brand, is set to make its mark on the real estate scene with the introduction of ELLE Residences Miami. This venture, a collaboration with Vertical Developments and Urban Network Capital Group (UNCG), represents a significant expansion for ELLE.

ELLE, the globally renowned fashion and lifestyle media brand, is set to make its mark on the real estate scene with the introduction of ELLE Residences Miami. This venture, a collaboration with Vertical Developments and Urban Network Capital Group (UNCG), represents a significant expansion for ELLE, combining the brand’s signature Parisian influence with Miami’s vibrant culture.

Located in the dynamic Edgewater neighborhood, the 25-story ELLE Residences Miami will offer 180 turnkey units designed to reflect ELLE's chic and trendsetting aesthetic. The interiors, curated by The One Atelier, are set to embody the innovative and inspirational design seen in ELLE DECOR, blending modern elegance with a relaxed, global consciousness.

ELLE Residences Miami will feature floor plans ranging from 450 to 845 square feet, with one or two bedrooms available. The project will also include a collection of penthouses. Prices start at $525,000, and flexible rental capabilities will allow owners to make their residences available for short-term use, enhancing the living experience with both high-touch service and resort-style amenities.

Fernando de Nuñez y Lugones, CEO of Vertical Developments, emphasized the project’s significance, stating, “This groundbreaking residential project will debut a new legacy for ELLE. Our aspiration is not just to build a tower but create an ownership experience that amplifies modernity with the timeless sophistication of ELLE’s nearly 80-year history.”

Robert Thorne, CEO of UNCG, highlighted the unique nature of the development: “Combining the city’s distinctive cultural diversity and dynamism with the brand’s eclectic, spirited ethos and contemporary, Parisian allure, ELLE Residences Miami will truly be one of a kind.”

The amenities span two expansive floors and cater to wellness enthusiasts with a high-tech gym, outdoor fitness lawn, and meditation garden. A luxurious spa will feature steam, sauna, and cold plunge facilities. Residents can gather at the gourmet summer kitchen, relax at the fire pit, or enjoy a movie at the outdoor theater. The French Riviera-inspired sundeck includes a resort pool and private cabanas, while a rooftop pool and resident-only lounge offer panoramic views and entertainment options.

The architectural design, led by Behar Font & Partners, aims to unite thoughtful spaces with a striking façade, ensuring the development stands out in Miami’s skyline.

Constance Benqué, CEO of ELLE International and Lagardère News, expressed excitement about the project: “ELLE’s long-standing brand success stems from our pursuit of innovation, and we take pride in continuing to challenge the status quo as ELLE enters a new era with residences. This project will represent a groundbreaking concept, offering captivating gateways for owners and residents to experience condo living through a fresh lens and the visionary perspective of ELLE.”

The Edgewater location places residents at the heart of Miami, with easy access to Midtown, the Design District, and Wynwood. Nearby attractions include the Miami Design District, Brickell City Centre, Kaseya Center, Vizcaya Museum and Gardens, and the beaches. Proximity to Miami International Airport further enhances convenience, making travel seamless for residents.

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The Allen Morris Company Breaks Ground On Bayside Sarasota After Closing On $83 Million Construction Loan

The Allen Morris Company, and its partner, the Alaska Permanent Fund Corporation, advised by L&B Realty Advisors, has broken ground on Bayside Sarasota, a luxury rental community complete with a Michelin Bib Gourmand restaurant.

The Allen Morris Company, and its partner, the Alaska Permanent Fund Corporation, advised by L&B Realty Advisors, has broken ground on Bayside Sarasota, a luxury rental community complete with a Michelin Bib Gourmand restaurant. The groundbreaking follows the closing of an $83 million construction loan and commenced construction on its signature Bayside Sarasota development. The loan was provided by Kennedy Wilson. Longboat Group will oversee leasing and management once complete.

Located in Sarasota, Florida, one of the State’s fastest growing areas, Bayside Sarasota is the initial phase of a broader mixed-use project in the Rosemary District, one block off of Sarasota Bay. This phase includes a 253-unit luxury rental community, along with 2,000 square feet of ground floor retail, and a future 96-unit tower with bay views that will commence later in the year.

The Allen Morris Company commenced construction on the project, with an anticipated completion date of Fall 2026. Brasfield & Gorrie is the General Contractor.

The resort-inspired community features a mix of one, two and three-bedroom residences with open floor plans, chef-inspired kitchens, and contemporary finishes, both within the units and the building itself.

The Dwell-designed building features 50,000 square feet of private amenities including a rooftop pool deck, Michelin recognized restaurant located in the lobby, state-of-the-art fitness center with a covered yoga terrace, 24-hour concierge, and is pet friendly. The private courtyard will feature a 60-foot tall native ficus tree and outdoor private dining for residents. It is a true coastal community, adjacent to Sarasota’s waterfront and designed with both indoor and outdoor amenities to take advantage of its location. FlickMars, a luxury hospitality firm, is the interior designer.

The development’s idyllic location within the City’s Rosemary District, known for its artisan cafes, antique shops and art galleries adds to the community’s already-strong appeal. Bayside Sarasota sits one block away from the city’s $200 million The Bay Park Redevelopment project which has completed its first phase and will commence on the second phase this year. The project includes the redesign of the waterfront park and performing arts center. The City’s Bay Park Redevelopment project, which includes a recreational pier and enhanced waterfront access, among other amenities, makes Bayside Sarasota one of Florida’s most desirable residential communities.

“We’re excited to partner with APFC on another best-in-class residential asset. With Bayside Sarasota, we will deliver an unparalleled residential experience with a resort-style rooftop pool, a Michelin recognized restaurant and thoughtfully appointed condo-quality residences,” says Spencer Morris, President of The Allen Morris Company.

“We are thrilled to expand our long-standing relationship with The Allen Morris Company as well as build new ones with APFC and Longboat. This dynamic location is well positioned to benefit from the positive growth and improvement happening across Downtown Sarasota and we are excited to play a role in the continued progress of Sarasota” adds Kennedy Wilson Debt Investment Group head, Thomas Whitsell.

The Allen Morris Company’s developments provide residents with the opportunity to indulge in modern living spaces in proximity to unique and evolving locations, such as Sarasota’s Bayside. The company has active developments throughout Florida and Georgia.

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The Shell Bay Club Reveals First Look At Private Yacht Club

Shell Bay, an exclusive 150-acre golf destination in South Florida first catapulted onto the world stage with its eye-popping $1 million+ club membership invitation fee, has revealed The Shell Bay Yacht Club, a private 48-slip marina, featuring two 55-foot houseboats available for charters.

Shell Bay, an exclusive 150-acre golf destination in South Florida first catapulted onto the world stage with its eye-popping $1 million+ club membership invitation fee, has revealed The Shell Bay Yacht Club, a private 48-slip marina, featuring two 55-foot houseboats available for charters. Located on the Intracoastal Waterway, the new yacht club caters to those seeking maritime experiences in Miami without having to become a boat owner, as well as those with private vessels who have been plagued by the well-documented docking shortage sweeping the region. Shell Bay was developed by The Witkoff Group and PPG Development in partnership with Auberge Resorts Collection.

The Shell Bay Yacht Club will offer a rare luxe nautical lifestyle for people to pursue life on the water to the fullest, with everything from a dedicated dock master and concierge services to specially curated waterfront experiences like deep-sea fishing and catamaran snorkel tours. Aside from boating, residents will also have access to paddleboards, jet skis and kayaks.

Fishing is expected to be a highly sought-after experience at The Shell Bay Yacht Club given the diversity of marine species in the Atlantic Ocean and Intracoastal Waterway. Residents and members can cast a line for prized saltwater game fish as well as great tasting local fish like wahoo and tuna. Those whose efforts prove lucky with a fresh catch will be able to tap Shell Bay’s Chef to prepare the fish into a beautiful seafood dinner. The service will be customizable to residents’ culinary preferences.

In addition to The Shell Bay Yacht Club, the property is home to an 18-hole, Greg Norman-designed Championship course, which is one of the longest in South Florida and is the first new private golf course in South Florida in over 25 years. It features a two-acre practice facility including a nine-hole par three course. The gated community also offers a Racquet Club including tennis courts with all four Grand Slam surfaces, as well as pickleball and padel courts. Basketball courts, batting cages and a children's discovery playground are also onsite.

Esteemed hospitality brand Auberge Resorts Collection will open a hotel at Shell Bay with its own suite of five-star amenities and services such as resort-style swimming pools and a state-of-the-art fitness center with small-group sessions such as yoga, Pilates, and boxing.

Auberge will also service The Residences at Shell Bay, a luxury condominium tower offering 108 bespoke private residences. Residences will range from one- to four-bedrooms, beginning at $2 million. Sales and marketing are exclusively handled by Douglas Elliman Development Marketing.

Providing an unmatched lifestyle, residents will enjoy the Shell Bay Yacht Club, as well as their own private collection of ultra-luxury amenities. This includes a world-class food and beverage program led by Michelin-starred Chef Julien Jouhannaud, a full-service medical day spa, as well as a fitness center with indoor and outdoor facilities prime for personal or small-group training. Children’s amenities will keep kids of all ages happy and engaged, from a children’s play lab and creation studio to a gaming lounge, screening room with candy bar and a game room with bowling alley.

The Residences at Shell Bay is slated for completion in 2026.

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Inside PROFILEconnect: A Royal Retreat - Hospitality Real Estate in Miami at Queen Miami Beach

On May 21 PROFILEmiami hosted the sold-out PROFILEconnect: A Royal Retreat An Exploration into Miami Hospitality Real Estate, bringing together Miami’s hottest hospitality real estate developers, owners and operators for a lavish cocktail, PROFILEmiami’s highly-regarded Bespoke Real Estate Networking and panel experience.

On May 21 PROFILEmiami hosted the sold-out PROFILEconnect: A Royal Retreat An Exploration into Miami Hospitality Real Estate, bringing together Miami’s hottest hospitality real estate developers, owners and operators for a lavish cocktail, PROFILEmiami’s highly-regarded Bespoke Real Estate Networking and panel experience at Mr. Hospitality’s iconic Queen Miami Beach.

The panel explored hospitality real estate in Miami, namely investing in, developing and operating commercial real estate assets with a focus on hospitality including hotels, restaurants, nightclubs, private clubs, golf courses, etc. The panel Miami’s top developers and owners Ronny Finvarb - Finvarb Group, Michael Simkins - E11EVEN Partners / Lion Development, Mathieu Massa - Mr. Hospitality / QUEEN, Alex Witkoff - Witkoff, Robert Rivani - Black Lion Investment Group and moderated by Christian Charre - Berkadia Hotels & Hospitality.

Attendees sipped custom cocktails by E11EVEN Vodka and Esquisito Tequila, plus Bennati Wines and Tripping Animals Brewery, plus indulged in bites of modern Japanese cuisine by Queen’s executive chef Mitchell Hess, while taking in QUEEN’s opulent ambiance, followed by a panel discussion. Attendees included developers Camilo Miguel Jr. Ricardo Dunin, Harvey Hernandez and Pascal Nicolai; as well as real estate celebrities Terek El Moussa and Heather El Moussa. Additionally Miami Beach Commissioner Joseph Magazine and local luminaries Andres Asion, Mike Tamzil and Simon Mass were also in attendance. This was not just a networking event; it was an experience.

Watch the full panel on YouTube:

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North Development Launches Sales of Second Domus Branded Project, Domus Brickell Center in Miami's Financial Corridor

North Development, a joint-venture between Miami developer Ricardo Dunin’s Oak Capital and Edifica, one of the largest developers and builders in Peru, today announced the launch of sales of Domus Brickell Center, the second condominium project for the developer’s Domus brand and its unique FLATS concept.

North Development, a joint-venture between Miami developer Ricardo Dunin’s Oak Capital and Edifica, one of the largest developers and builders in Peru, today announced the launch of sales of Domus Brickell Center, the second condominium project for the developer’s Domus brand and its unique FLATS concept, which stands for “Flexible Apartments for Temporary Stays.” The unveiling of Domus Brickell Center comes less than 60 days following the groundbreaking of its sister project, Domus Brickell Park, which is now approximately 60% sold and slated for completion next winter.

The 35-story, 579-unit tower will be professionally managed and located in the heart of Miami’s premier Brickell financial corridor on the ever-popular SW Second Ave. thoroughfare (1034 SW 2nd Ave., Miami, Fla.). The bustling corridor is flanked by major banks and corporations as well as trendy restaurants, shopping centers, and recreational venues.

In addition to plush, fully furnished FLATS, Domus Brickell Center will feature an amenity-rich, approximately 4,000-square-foot+ gathering area – The Cypress Room – complete with a café, wine bar, and an artisanal market with gourmet fare. There will also be 24-hour high-touch services, from a welcome concierge and valet attendants to a customer service line.

As a whole, the Domus FLATS concept, which was coined by Dunin, is being praised for its transformative approach to short-term-rental-friendly offerings – distinctively bolstered by roots in the high-end hospitality space. A big differentiator from similar offerings is Dunin’s creation of the Domus Management company. Overseen by industry leaders, the entity will have a comprehensive, 360-degree customer-centric view, adhering to top-tier brand standards. In effect, FLATS will be a new asset class within the residential market.

“Domus Brickell Center is a true marketplace disruptor and the latest stage of evolution for our FLATS concept,” said Ricardo Dunin, who is the founding partner of North Development. Dunin was a pioneer of the condo-hotel concept, which he explains is now vastly outdated.

“To ensure that value and quality remain intact, we have created a one-of-its-kind management company to oversee day-to-day services, ensuring that the brand maintains its top-level reputation from one project to the next,” adds Dunin. “Today’s sales launch, just weeks after the groundbreaking of Domus Brickell Park, is indicative of how much the marketplace has embraced our vision.”

“Adding to why Domus Brickell Center is such a standout is the fact that it is an extremely well-constructed and expertly crafted project,” said Juan Carlos Tassara, cofounder of Edifica. “The quality of this property, coupled with its exceptionally innovative designs, cannot be overstated. We have hand-selected the best minds in the industry to bring our latest vision to fruition.”

Like its sister project, Domus Brickell Center will be exclusively brokered by Cervera Real Estate. The team of leading talents behind the building’s designs include Studio Mc+G Architecture, a Miami-based architectural firm, whose current portfolio includes the top-to-bottom renovation of the famed Delano South Beach hotel. Founded by Jennifer McConney-Gayoso, Studio Mc+G is known for its proficiency in hospitality and resort design, historic preservation projects, commercial retail spaces, and single-family residences.

Additional collaborators include interior architect Urban Robot Associates, a full-service design collective located in Miami Beach, specializing in urban design, interiors, and landscape architecture. Urban Robot also designed the façade following an internationally led competition for the best façade design.

The general contactor, South Florida-based Thornton Construction Company, Inc., has been a leader throughout the state for more than 25 years, overseeing countless community-shaping projects, from condominiums to commercial centers. Both Urban Robot and Thornton Construction are also involved in the design and construction of Domus Brickell Park, furthering synergies between the two buildings.

“This is a can’t-miss value proposition for interested buyers,” said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate. “North Development is bringing a magnificent product at a competitive price-point to the Brickell market, where consumers feel they have been left out.”

Starting in the low $500,000’s to $1.5 million, studio, one- and two-bedroom FLATS (Flexible Apartments for Temporary Stays) will feature nine-foot ceilings, private balconies, keyless entry smart lock systems, premium appliances, finishes, and in-unit washers and dryers.

Features throughout Domus Brickell Center – a wellness-focused ‘green’ building with specialized ultraviolet (UV) water purification and air filtration systems in all common areas and EV charging stations – will be numerous and state-of-the-art.

In addition to The Cypress Room and a private meeting area with large-screen-format video conference capabilities and a space for podcast production, there will be a seventh-floor gym adjacent to an outdoor terrace, rooftop yoga deck, rooftop bar, pool, and sky deck, cabanas with day beds, a hot tub, and a lush garden lounge. Additional services include quality control supervisors to oversee cleanliness and turnover, an experienced hospitality housekeeping team that’s on call 24-7, and a Domus owner rental portal. The Domus FLATS App will allow for seamless check-ins, room and elevator access, and multiple other services and benefits.

Domus Brickell Center – in its ideal setting along Southwest Second Ave. – is also across the street from the Mercedes-Benz Places condominium, in addition to being just steps from Southside Park, multiple greenspaces, and The Underline – a highly amenitized, 10-mile linear park with running and bike trails, an outdoor gym, a soccer pitch, public art, and more. High-floor views within the building will be abundant, from surrounding cityscapes to Biscayne Bay.

Since Domus Brickell Center will also be one block from the Brickell Metromover station, the ingress and egress will be unparalleled. The Metromover connects to the Miami Metrorail which, in turn, connects to the Brightline high-speed passenger train, now traveling to Orlando. Essentially, a resident here will be able to get to Orlando by walking one block.

In short, Domus Brickell Center, slated for delivery at the end of 2027, is at the epicenter of one of the neighborhood’s most sought-after hotspots.

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PMG and Greybrook Welcome First Residents To Society Wynwood

Society Wynwood, developed by national development firm PMG and Canadian-based private equity firm Greybrook, is now moving in its first residents. Located at 176 NW 25th St, the 9-story apartment community brings 318 residential units and 50,210 square feet of commercial space to the neighborhood’s epicenter.

Society Wynwood, developed by national development firm PMG and Canadian-based private equity firm Greybrook, is now moving in its first residents. Located at 176 NW 25th St, the 9-story apartment community brings 318 residential units and 50,210 square feet of commercial space to the neighborhood’s epicenter, with announced retail tenants including Bodega Taqueria, Dave’s Hot Chicken, Starbucks, Chama De Fogo and Nacho Daddy. A partnership between Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian and Tricera Capital led by Ben Mandell closed on 32,000 square feet of ground-floor retail space at Society Wynwood for $22.5 million in late April 2024.

“Society Wynwood introduces an unparalleled caliber of amenities in a multifamily building. Our intent is to deliver vibrant, purposeful spaces that make daily activities like working and exercising at home more enjoyable and exciting. Our massive coworking lab, fitness facilities, and rooftop pool and entertainment deck far surpass anything in the market. From frequent resident fitness classes and community events to bringing top food and beverage operators to the ground floor retail courtyard, we look forward to witnessing Society Wynwood become a community hub that channels the creative energy of Miami’s Wynwood Arts District,” said Ryan Shear, Managing Partner at PMG.

Society Wynwood’s entryway on 2nd Ave will be adorned by a custom experiential sculpture by world-famous artist Daniel Popper.

Layouts at Society Wynwood range from studios to three bedrooms, including several furnished “Rent-By-Bedroom” (co-living) options that represent the lowest entrypoint rents for a new luxury building in the neighborhood. Each residence features a private balcony; smart door locks and thermostats with pre-installed Wi-Fi; wood grain tile throughout; kitchens with stainless steel appliances and quartz countertops with custom Italian cabinetry; fully built-out closets with room for everything; backlit bathroom vanity mirror with large storage drawers, and specially insulated windows to block outside noise.

Society Wynwood’s collection of over 82,000 square feet of awe-inspiring amenities include a sprawling entertainment rooftop and pool deck designed to connect neighbors and foster community. The rooftop includes a first-class, full-service restaurant with dedicated elevator, a resort-style pool with lounge areas and huge hot tub, an expansive outdoor fitness field and yoga lawn, multiple grills and dining areas, and an 18 ft LED screen for watching sports and events. Indoors, residents can enjoy a large, modern gym with frequent fitness classes, a coworking lab with over 15 private conference rooms, social lounges, and a lobby with 24/7 concierge ideally designed to meet and mingle. A mobile app enables residents to manage mobile keys and guests, make payments and maintenance requests, track packages, discover and sign up for events, and more.

The property’s courtyard entrance will welcome several eateries to the neighborhood, including nationally expanding Dave’s Hot Chicken and Bodega Taqueria’s newest Miami outpost. Additional tenants include Starbucks, casual Brazilian steakhouse Chama de Fogo, and Las Vegas-based Nacho Daddy’s first Florida location.

“This Society project with PMG which sits at the center of Wynwood has been programmed to connect our residents to their surrounding community. It also brings the community into our building by providing diverse retail experiences across street level and the rooftop coupled with art activations in public areas,” said Sami Mouaket, Director of U.S. Investments & Development at Greybrook.

Society Wynwood is the latest among PMG’s growing national portfolio of Society Living apartment communities. PMG created the Society Living multifamily brand to address the insatiable demand for reasonably priced rental housing in the most desirable locations, where neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that encourage personal growth. PMG recently opened Society Orlando in Downtown Orlando and has over 8,500 units planned; additional Society Living properties are underway in Atlanta, Brooklyn, Denver, Fort Lauderdale and Nashville, with more to be announced.

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Gale Miami Hotel & Residences To Open in Downtown June 1st

Downtown Miami is welcoming a new addition to its hospitality scene with the opening of Gale Miami Hotel & Residences on June 1st. This highly anticipated development promises to enhance the vibrant urban landscape of Miami, offering a blend of luxury accommodations and high-end amenities.

Downtown Miami is welcoming a new addition to its hospitality scene with the opening of Gale Miami Hotel & Residences on June 1st. This highly anticipated development promises to enhance the vibrant urban landscape of Miami, offering a blend of luxury accommodations and high-end amenities.

The Gale Hospitality Group, known for its renowned Gale South Beach, has introduced this new property to celebrate the rich history and dynamic future of Miami. The Gale Miami Hotel & Residences pays tribute to the city's past and its landmarks, such as The Freedom Tower. Photography from the Miami History Museum will be featured throughout the rooms, honoring the opening of the original Gale location and inviting guests and residents alike the chance to explore the allure of Miami in this bygone era. 

The hotel features a variety of accommodation options, including studios and one to two-bedroom units, designed to meet the needs of both short-term visitors and long-term residents. Many of these units come equipped with full kitchens and washer-dryers, providing guests with all the comforts of home.

In celebration of its grand opening, Gale Miami is offering a special promotion with up to 25% off room rates, plus additional perks like waived destination fees and complimentary early check-in and late checkout. This offer is available for a limited time using the code 'GRANDPRO' when booking.

Keith Menin of Gale Hospitality Group expressed his vision for the new property: "With Gale Miami Hotel & Residences, we aim to redefine the benchmark for hospitality within Miami's urban landscape. We are excited to offer an unmatched guest experience that combines the energetic ambiance of Downtown Miami with carefully curated amenities and services."

Gale Miami stands out with its extensive amenities, including a 70,000-square-foot space spread over three floors that offers stunning views of Biscayne Bay and the Miami skyline. Guests can enjoy the Gale Wellness program, which features a co-ed hammam, steam room, sauna, fitness facility, yoga lounge, and spa services. The property also includes high-speed internet access, a 24-hour attended lobby, valet parking, and several dining options. Gale Miami is one of the only downtown hotels to offer its guests exclusive beach club access.

The hotel's dining facilities are particularly noteworthy, with 9,000 square feet of restaurant space on the ground floor, including an outdoor garden, an Italian concept, and a street-front restaurant. The 9th floor boasts an American steakhouse and lounge, as well as a Mediterranean-style restaurant with a retractable roof and an outdoor terrace.

For those planning events, the Gale Miami Conference Center on the 8th floor offers over 20,000 square feet of space, including conference rooms, breakout rooms, and a grand ballroom. The property also features three floors of exhibition space, making it one of Downtown Miami's largest conference venues.

Located just steps from the Kaseya Center, Port of Miami, and the Brightline, Gale Miami Hotel & Residences is set to become a key player in the city's hospitality and residential sectors.

This new addition to Downtown Miami's hospitality scene is poised to become a significant attraction, blending historical charm with modern luxury to create a unique and inviting experience for both residents and visitors.

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