GFO Investments Launches '14 ROC' Short-Term-Rental Luxury Condo In Downtown Miami

GFO Investments have launched 14 ROC, a 32-story luxury condominium in Downtown Miami. Building on the success of Gale Miami Hotel & Residences and Five Park, 14 ROC marks the newest addition to the GFO Investments portfolio. 14 ROC, rising from an organic, rock-like base, features world-renowned MAWD | March and White Design interiors, blurring the lines between structure and art. The amenity-rich development will feature approximately 283 units, including residences with flexible rental terms. Sales and marketing are exclusively overseen by Cervera Real Estate.

Situated at 125 NE 14th Street, 14 ROC will place residents steps away from “The Signature District,” an upcoming neighborhood anchored by the Signature Bridge, Adrienne Arsht Performing Arts Center, Pérez Art Museum, and the 33-acre green space called Underdeck, bridging the gap between downtown Miami and Edgewater. Its prime location offers easy pedestrian access to renowned destinations and connects residents to the broader Miami and other parts of South Florida via the Metromover and Brightline, enhancing urban connectivity and convenience.

"The tremendous reception of Gale Miami Hotel & Residences ignited our passion for another project with Cervera Real Estate," said Marisa Galbut, President of GFO Investments. "We’re committed to Downtown Miami’s future, and 14 ROC as a cornerstone of the Signature District will be a catalyst for growth, attracting further investment and elevating the entire area.”

14 ROC offers a curated selection of urban luxury residences, from sleek studios to expansive two-bedroom residences that range from 410 SF to 964 SF. Each of the unit types features modern, open layouts, high ceilings, and private balconies with breathtaking cityscapes. Prices will start at $495,000, making luxury living attainable.

"Miami’s visionary infrastructure investments that prioritize walkability and connectivity have transformed Downtown into a magnet for luxury residential development,” said Alicia Cervera, CEO of Cervera Real Estate. “14 ROC is poised to become a landmark addition to the emerging Signature District, catering to the discerning residents who desire a modern and design-forward haven where everything they crave is within easy reach.”

Future residents will have access to an expansive 25,000 SF of amenities space across three levels, crowned by a rooftop pool with stunning Biscayne Bay and Miami skyline views. Additional offerings include a bar and grilling areas, a coworking lounge, private meeting and event rooms, a state-of-the-art fitness center, private workout studios, a yoga lounge with terrace, locker rooms with steam room and sauna, karaoke room, game room, theater room, kids room, and a resident entertainment lounge with an open kitchen.

The highly anticipated development is designed by RSP Architects, in collaboration with landscape architect Urban Robot Associates. Scheduled for completion in 2027, 14 ROC seamlessly blends innovative architecture with urban connectivity, resulting in a building that stands as a true work of art.

For more information about 14 ROC or to inquire about purchasing a unit please fill out the form below:

Forté Development Locks Down $47.5 Million Construction Loan For Forté Luxe In Jupiter

Forté Development has recently secured a $47.5 million construction loan for its luxury boutique waterfront community, Forté Luxe, located in Jupiter, Florida. The loan was obtained from New York-based 360 Capital Funding, a non-conventional lender specializing in real estate financing across the continental United States. Michael Horowitz and Jordan Horowitz of Cooper Horowitz arranged the financing on behalf of Forté Development.

"We are very pleased to secure construction financing with 360 Capital Funding, at very competitive rates and terms, for Forté Luxe," said Marius Fortelni, founder and CEO of Forté Development. "This luxurious residential community offers its residents a one-of-a-kind opportunity to live at the water's edge and enjoy the ultimate South Florida lifestyle."

Featuring just 17 multi-level residences on a unique peninsula surrounded by stunning Intracoastal Waterway views, Forté Luxe is currently under construction and expected to be completed in Q4 of 2025. The community offers a range of amenities, including private boat slips for up to 60-foot vessels, a resort-style swimming pool, and sun deck with entertainment areas.

The residences at Forté Luxe will range from 3,550 to over 5,000 square feet of living space, with modern architecture and upscale features throughout. Each residence will boast expansive great room interiors with full-height glass doors and windows, private garages with grand entries, private elevators, and waterfront terraces or balconies offering stunning views of the Intracoastal Waterway. The designer kitchens will feature European-inspired cabinetry, Quartz countertops, and top-of-the-line appliances.

The project is being overseen by Alfonso Jurado for architecture, Steven G. for interiors, and KAST Construction as the general contractor. Douglas Elliman Development Marketing is the exclusive sales team for Forté Luxe. The community is located at 12450 Crystal Cove Place in Jupiter, FL 33469, offering luxurious waterfront living for those looking to embrace the South Florida lifestyle.

Renderings via We Are Visuals

For more information about Forté Luxe or to inquire about purchasing a unit please fill out the form below:

PMG, Lion Development and LNDMRK Development Reveal One West Twelve Residences in Overtown

PMG, Lion Development Group, and LNDMRK Development have revealed One West Twelve Residences (ONE W12) in the heart of Historic Overtown, featuring 372 bespoke residences with captivating views of both Miami’s iconic skyline and vibrant sunset vistas. The property has sold over 50% of its residences in just one month and will offer a dynamic lifestyle with centralized proximity to Downtown Miami’s fastest-growing neighborhoods. ONE W12 will evoke iconic Miami glamour through a curated selection of engaging amenities and entertainment-oriented experiences for residents and the surrounding community. PMG Residential is exclusively leading sales with residences priced from $300,000.

“As a Miami native as well as a property and business owner in Overtown for over 12 years, we are thrilled to work with existing stakeholders in the community on One West Twelve Residences,” said Michael Simkins, CEO of Lion Development Group. “Working once more with esteemed partners like PMG and LNDMRK, we are committed to celebrating the history of this amazing neighborhood and creating a living experience that embodies the perfect blend of iconic Miami charm and modern living. This collaboration allows us to deliver a lively and playful lifestyle enriched by exceptional amenities and unparalleled access to Miami’s most exciting neighborhoods. Our shared vision and dedication to creating a dynamic community are evident in every detail of One West Twelve Residences, and we can’t wait to see this project come to life.”

Notably, ONE W12 will be home to Vibe BBQ, an inviting quick-serve restaurant from acclaimed chef and eight-time James Beard Foundation award winner Marcus Samuelsson. Samuelsson’s restaurant Red Rooster Overtown further solidified the neighborhood as a top dining destination in South Florida while the concept has become a favorite among Miamians. The Vibe BBQ concept at ONE W12 will feature elements of ‘Miami flair’ in the form of an expanded lounge area and cocktail offerings. True to its core, Vibe BBQ will embody an all-day celebration of American comfort classics.

Designed by CUBE 3, ONE W12 will offer amenities focused on promoting a vivid, experiential lifestyle for residents and the local community. These amenities include an elegant lobby inspired by the glamor and playful spirit of the storied locale, an atmospheric rooftop garden and pool with lounge areas, a state-of-the-art fitness center, curated art installations throughout the property, the latest smart-building technology, and house cruiser bikes with storage.

“PMG is excited to partner with both Lion Development Group and LNDMRK to execute this one-of-a-kind development,” said Ryan Shear, Managing Partner at PMG. “Launching ONE W12 Residences is a thrilling milestone for us. We are introducing a living experience that marries the iconic glamour of Miami with modern sophistication. Every detail, from the elegant lobby to the atmospheric rooftop garden, has been thoughtfully designed to offer a dynamic lifestyle. Situated in the heart of Miami's most lively neighborhoods, ONE W12 provides residents with unparalleled access to the best the city has to offer. This is not just a place to live—it's a journey into a lifestyle infused with spirited charm and contemporary elegance."

ONE W12 offers fully furnished and finished studio and one-bedroom residences, along with a limited collection of one-, two-, and three-bedroom townhomes. Short-term rental flexibility will allow residents the option to customize and optimize their living experience to fit their lifestyle.

“With Miami’s continued evolution in mind, we wanted to create a project that brings the historic charm of this neighborhood to today's residents. ONE W12 is a transformative project that will strive to do this across every aspect of its design, pairing Miami’s vibrancy with a stylish, all-encompassing living experience,” says Alex Karakhanian, Principal of LNDMRK Development. “Partnering with PMG and Lion Development Group was an obvious choice to bring this project to life because of their continued commitment to thoughtful placemaking and vision for Miami's future.”

Stand-out residence features include fully-integrated kitchens with custom countertops, backsplashes, and a contemporary under-mount sink, fully built-out closets bedrooms, custom shades, a Miele appliance package, imported and custom kitchen and bathroom cabinetry by Italkraft, custom bathroom countertops and finished floors and walls in wet areas, modern bathroom fixtures, features, and accessories, a contemporary lighting package, and a built in top-of-the-line washer and dryer.

The property's centralized location gives its residents the best of both worlds, culture and entertainment through its proximity to the area known as the historical Overtown, District 11, the newly approved Under Deck Park and Miami's Arts and Entertainment District. Connectivity between South Florida’s largest metros is also made easy thanks to the property’s location nearby the MiamiCentral Station, a home base for South Florida’s rail systems including Brightline.

Renderings via ARX Creative

For more information about One West Twelve Residences or to inquire about purchasing a unit please fill out the form below:

Fortune International Group Closes On $36.08 Million In Pre-Development Financing For ORA by Casa Tua

Fortune International Group has closed on the the 46,373 SF site at 1210 Brickell Ave for the planned ORA by Casa Tua 77-story tower and as well as on $36,080,000 in pre-development financing from Amerant Bank. ORA by Casa Tua launched sales last year and plans for residences to go into contract soon. Fortune International Group had been under contract to acquire the site from Miami-based Patagonian Investment Internacional LLC; now that the acquisition has been completed Fortune can further the development and ready the site for construction with an expected groundbreaking in 2025.

"The acquisition of the site and loan closing are principal steps that mark an exciting beginning for ORA by Casa Tua’s vision to take shape,” said Edgardo Defortuna, President, CEO, and founder of Fortune International Group. “We are eager for Miami’s community to sense the anticipation and witness the project come to life."

The luxury development includes  533 fully furnished residences which are permitted for short-term rentals and will also be home to approximately 25,000 SF of space dedicated to Casa Tua’s four new restaurant concepts. In addition to the culinary offerings at ORA by Casa Tua, the development will also have creative workspaces featuring private office spaces, conference rooms, content creation rooms, bar lounge and outdoor seating. ORA by Casa Tua will feature resort-style offerings including a second pool on the 12th floor with a sun shelf, loungers, cabanas and jacuzzi; show kitchen, private event space and luscious green landscaping. Other amenities will include an entertainment lounge, a two-floor fitness and wellness center with a hammam and couples treatment rooms and a three-story open sky garden, which will be unique for Miami.

Globally recognized award-winning architecture firm Arquitectonica is behind the design of ORA by Casa Tua while m2atelier, known for their bespoke approach and created by Marco Bonelli and Marijana Radovic, are designing the interiors for both the amenity and residential spaces.

Residences at ORA by Casa Tua range from 500 SF studio homes to 2,400 SF four-bedroom fully furnished residences that will be ready for immediate listing as short-term, seasonal, or long-term rentals. All residences will offer panoramic views overlooking Brickell, Biscayne Bay and Coconut Grove; have ten-foot ceilings with floor-to-ceiling windows and curated window treatments; Italian-designed kitchens with top-tier appliances; Italian-designed baths with imported fixtures; smart home technology; pre-wired for high-speed internet & Wi-Fi; spacious walk-in closets; and washer and dryers. Sales and marketing being handled internally by Fortune International Group, pricing started in the $800,000’s for studio units when sales launched last year.

Casa Tua was founded by Miky and Leticia Grendene, who opened their flagship Miami Beach location in 2001 as a welcoming place for friends, family, and guests from around the world to come together to celebrate life. Pioneering the members club concept in Miami, Casa Tua combines art, entertainment and fine dining with a signature Italian style where simplicity meets sophistication. It has since expanded to locations in Aspen and Paris, with New York City opening in 2023. The brand also launched Casa Tua Cucina in partnership with Richard Baker and Saks Fifth Avenue, an award winning Italian open kitchen concept, located in Miami’s Brickell City Centre.

Renderings via Fortune International Group

For more information about ORA by Casa Tua or to inquire about purchasing a unit please fill out the form below:

Solana Bay Reveals New Interior Renderings by Avenue Interior Design

Solana Bay, a new boutique residential enclave in Miami overlooking Biscayne Bay, Bay Harbor Islands, and Indian Creek, has recently unveiled its first look renderings created by the award-winning design firm Avenue Interior Design. With just 52 elevated residences, Solana Bay offers a private coastal sanctuary with elegantly understated architecture and open floor plans that seamlessly blend indoor and outdoor living. Ranging from two to four bedrooms, each residence at Solana Bay features masterfully executed design and customizable options for a personalized living experience. The interiors boast warm and inviting ambiance, museum-quality finishes, and flow-focused layouts that maximize stunning views from every angle. Solana Bay is located at 2305 NE 123rd St. in North Miami and is being developed by BH Group and Kolter Urban. The project is designed by Arquitectonica with sales and marketing overseen by Douglas Elliman Development Marketing.

The luxury address also offers a range of amenities to enhance residents' lifestyles, including a private dining area, bayfront terrace, rooftop pool deck, fitness center, standup paddleboard launch, TV lounge, library, game room, and more. Solana Bay aims to create a living experience unlike any other in Miami, with a focus on balance, calm, and luxury. The project represents a departure from typical high-rise towers in the area, with a design that is both beautiful and functional. Residents can enjoy a sense of warmth and elegance, with textures, materials, and finishes that create a luxurious and welcoming atmosphere.

Solana Bay offers a range of amenities for residents to enjoy. The lobby features a private dining area and bayfront terrace, while the Residents Lounge provides morning coffee, tea, pastries, and a weekly wine and cheese happy hour. The rooftop pool deck offers a private-club atmosphere with cabanas, daybeds, and an outdoor bar. The Fitness Center offers state-of-the-art equipment, yoga and Pilates studios, and outdoor space for meditation. Residents can explore Biscayne Bay with a standup paddleboard launch and storage. Additional amenities include a TV Lounge & Library, Executive Board Room, Game Room, Library Lounge, and a paved Bay Walk for leisurely strolls along the shoreline.

Renderings by ARX and High Q

For more information about Solana Bay or to inquire about purchasing a unit please fill out the form below:

Penthouse At Rivage Bal Harbour Hits The Market For $75 Million

A stunning ultra-luxe penthouse has recently hit the market at Rivage Bal Harbour for $75 million, setting the one-of-a-kind unit as one of the most expensive listings in Miami. Rivage Bal Harbour is a 54-unit luxury oceanfront condominium being developed by Related Group, Two Roads Development, and Rockpoint and is one of the neighborhood's first new developments in 20 years.

The penthouse offers 5 bedrooms, 7 bathrooms, and 3 powder rooms, spanning a total of 17,521 SF. The interior measures 12,603 SF, while the exterior offers 4,918 SF of space. Unique features of this penthouse include a multi-level terrace, private outdoor pool, media room, game room, library/lounge, fitness studio, outdoor kitchen, and a private elevator.

Residents of Rivage Bal Harbour will have access to a private beachfront enclave and a wide range of resort-style amenities. The development offers 25,000 SF of exceptional amenities, including a luxury spa, fitness pavilion with ocean views, game rooms, multiple lounges, and a world-class restaurant overlooking the beach and ocean.

Some of the key amenities at Rivage Bal Harbour include signature oceanfront dining experience exclusively for residents and their guests; curated social spaces such as media room, library, breakfast bar, and cocktail lounge, activities deck with resort-style pools, outdoor spa, sunbeds, cabanas, poolside food and beverage service, pickleball and padel courts; Rivage spa with sauna, hammam, hot and cold plunge pools, and private treatment rooms; fully serviced beach club; state-of-the-art fitness center with high-impact training room and yoga studio; virtual reality game simulator, imaginative children's playroom, and bicycle storage.

Service amenities at Rivage Bal Harbour include a residential butler and estate manager to facilitate deliveries, errands, and in-residence services such as personal chef services, shopping, medical concierge, housekeeping, laundry/dry cleaning, and maintenance. Additional services include in-residence dining and catering, 24-hour security and valet services, a house car, on-site general manager, and a mailroom with secure package technology.

For those interested in this exclusive penthouse, a unique sales experience utilizing Fortnite technology is available for ultra-realistic virtual reality tours. This cutting-edge technology allows buyers to explore and share tours via a link, with instantly interchangeable finishes to explore various possibilities.

Bal Harbour has been an elite enclave since its inception in 1929, offering one of the most sophisticated and culturally rich versions of South Florida's glamorous lifestyle. With its luxurious amenities and unparalleled features, the $75 million penthouse at Rivage Bal Harbour truly embodies the epitome of luxury living in Miami.

Renderings via Meta Original

For more information about Rivage Bal Harbour or to inquire about purchasing a unit please fill out the form below:

Kushner and PTM Partners Launch Leasing at 2000 Biscayne In Edgewater

A new luxury rental building, 2000 Biscayne, has started leasing in Miami's Edgewater neighborhood. Developed by Kushner and PTM Partners, the 36-story tower offers 420 high-end studio and one-, two-, and three-bedroom apartments ranging from 500 to 1,500 square feet. Designed by Kobi Karp Architecture and furnished by RH, the building features modern finishes, floor-to-ceiling windows, Italian kitchen cabinetry, and high-end amenities. SERHANT. New Development has been appointed as the exclusive marketing and leasing agency for the project.

2000 Biscayne aims to offer a refined living experience in an area with high rental demand. Amenities at 2000 Biscayne include a fitness center, spa, gaming room, children's play area, pet spa, pool, outdoor gym, and concierge services. The building is conveniently located on Biscayne Boulevard, close to major roadways and transit options.

“2000 Biscayne brings an unparalleled level of luxury, health, wellness, and entertainment to the market that redefines rental living in this thriving area of Edgewater,” said Laurent Morali, CEO of Kushner. “SERHANT. New Development’s dedicated division for the leasing, sales, and marketing of new development projects was an obvious choice for us and PTM as we planned to bring this project to market.”

“This project is emblematic of the Edgewater neighborhood’s immense potential amid sustained rental demand in the market,” said Michael Tillman, Chief Executive Officer and Chief Investment Officer, PTM Partners. “We are proud to deliver a refined experience to meet the demands of Miami’s discerning renters, and look forward to working with SERHANT. New Development to let the world know about the unmatched lifestyle residents can experience here.”

Shoma Group Breaks Ground on Shoma Bay Luxury Waterfront Residences in North Bay Village

Miami-based developer Shoma Group has broken ground on Shoma Bay in the waterfront community of North Bay Village, Florida. With this groundbreaking, Shoma Group aims to fill a significant gap in the North Bay Village community, which has been virtually untouched from a development standpoint for approximately a decade. Since its launch in September 2022, Shoma Bay has become the benchmark for future residential projects in North Bay Village. Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, recognized the island’s potential as a hidden gem early on, making Shoma Bay the first development to capitalize on North Bay Village’s evolution.

"We are thrilled to commence the construction of Shoma Bay, a project that exemplifies our commitment to delivering exceptional residential experiences," said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. "This groundbreaking marks the beginning of a new era in North Bay Village, where residents will have the opportunity to embrace a luxurious bay-front lifestyle in one of Miami's most sought-after communities."

Shoma Bay will offer 333 luxury residences, three of which have been combined into larger units. The project’s assortment of meticulously designed floor plans include furnished studios to three-bedroom units, ranging from 344 to 2,700 square feet, and 10 penthouses; Masoud and his wife Stephanie Shojaee, President of Shoma Group, will be residing in one of these penthouses. Pricing of available inventory starts at $750,000 with ISG World as the exclusive sales team for Shoma Bay.

Each residence will be thoughtfully crafted to optimize comfort and functionality, with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos. By blending classic art-deco elements with a contemporary aesthetic, the building's sophisticated design and thoughtfully crafted amenities will cater to individuals seeking a holistic approach to living, seamlessly integrating work, wellness, and leisure.

Separate from the offerings of the standard residences, Shoma Bay’s penthouses will showcase unique finishes. Penthouse kitchens will feature an exclusive Gaggenau Appliance Collection, including a French Door Panel-Ready Refrigerator and Freezer, a Panel-Ready dishwasher, a Wall Oven, and an Induction Cooktop. The bathrooms will feature an exclusive Armani Bathroom Collection, including a Frameless Rain Shower and a Designer Soaking Tub in select units.

The development will also include a resident lounge and bar, a spa with a hammam, a golf simulator, a two-story state-of-the-art fitness center, a pet spa, a kids club, a theater room, a wine cellar, a cigar lounge, and a Zen Garden with fire pits. The highlight of the development will be the expansive 6,030-square-foot pool deck, offering panoramic views of Biscayne Bay, complete with a pool, cabanas, and a summer kitchen. Residents will also benefit from designated parking, electric vehicle charging stations, a bike room, storage spaces, a grocery delivery room, and other conveniences. Additionally, the project will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space, which includes a rooftop lounge.

"We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village," said Stephanie Shojaee. "At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle. That's what they will experience firsthand at Shoma Bay. From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay, we have curated a collection of exceptional amenities that will elevate the living experience for our residents."

Situated at 1850 John F. Kennedy Causeway, Shoma Bay benefits from a prime location at the intersection of 79th Street Causeway and East Treasure Drive. Residents will enjoy convenient access to major highways and a plethora of world-class dining, retail, and entertainment options South Florida offers. The project’s anticipated completion date is the end of 2026.

For more information about Shoma Bay or to inquire about purchasing a unit please fill out the form below:

Ella Miami Beach Launches New Short-Term Rental Approved Studio Residences

Vietmar, Constellation Group and The Boschetti Group have revealed a new line of 30 studio units at Ella Miami Beach, redefining affordable luxury in the heart of Miami Beach. Priced starting in the $500,000s, these studios provide an accessible entry into the exclusive Miami Beach market, perfect for pied-à-terre seekers and savvy investors seeking passive income.

Meticulously designed to optimize space and functionality, the elegant studio residences, each spanning approximately 340 square feet, feature thoughtfully integrated built-ins, sleek kitchens, ample closet space, and smart storage solutions, ensuring a seamless and meticulously designed living experience. Embracing the outdoors and beautiful Miami Beach weather, each studio also includes a private terrace.

Ella Miami Beach offers a luxurious and convenient lifestyle with a prime location just two blocks from the beach and surrounded by top retail and dining options. The low-density design of only 103 residences ensures a sense of exclusivity and privacy. Unrivaled amenities, including access to a private beach club, coworking space, a resident lounge, and a rooftop deck with a pool, fitness center, and meditation/yoga lawn, provide residents with endless opportunities for relaxation and recreation. Onsite parking and property management make life at Ella Miami Beach seamless and convenient.

With competitive pricing starting in the $500,000s and fully furnished, turnkey studios available, this is the perfect opportunity for those looking for a luxurious beachside retreat. Additionally, the option for short-term rentals, operated by Nomada Residences, allows for the potential for hassle-free passive income.

"We are excited to introduce these studio units, which provide an unrivaled value proposition for those looking to invest in Miami Beach," said Eduardo Otaola, Managing Principal of Constellation Group. "With its prime location, exceptional amenities, and competitive pricing, these studios are set to become a coveted asset for both personal use and investment purposes."

"The launch of these studios aligns perfectly with our mission to deliver high-quality, functional, and aesthetically pleasing living spaces," said Jose Boschetti, Managing Principal of The Boschetti Group. "We are confident that this new offering will exceed the expectations of both residents and investors, offering a unique blend of luxury, convenience, and classis Miami Beach style."

Ella is designed by world-renowned architecture firm, Arquitectonica. "We drew inspiration from Miami Beach's art deco period, integrating modern elements and nautical themes to create a building that is both nostalgic and forward-looking," said Raymond Fort, Vice President and Designer at Arquitectonica. "Our goal was to capture the essence of Miami Beach's historical charm while providing contemporary functionality and elegance."

The award-winning Interiors by Steven G team has provided fully furnished packages for all the units, blending classic art deco elements with modern design to create a stunning and efficient living space. "We wanted to create interiors that evoke the glorious heyday of Miami Beach, combining the rich textures and bold geometry of art deco with the clean lines and practicality of modern design," said Steven G, owner of Interiors by Steven G. "The result is a beautiful, functional, and luxurious experience for residents."

The new studios at Ella are expected to attract significant interest from both domestic and international buyers. The combination of luxury, affordability, and investment potential makes this development a standout choice in the Miami Beach real estate market.

For more information about Ella Miami Beach or to inquire about purchasing a unit please fill out the form below:

BH Group, PEBB Enterprises and Related Group Acquired Mixed-Use Shopping Center Development Site For $48.5 Million In Fort Lauderdale

BH Group, PEBB Enterprises and Related Group have closed the $48.5 million acquisition of a waterfront mixed-use shopping center with fully entitled development rights in Fort Lauderdale. The joint venture plans a transformative mixed-use project with brand-new residences, retail and restaurant space. This strategic acquisition underscores the collaborative vision of the partners to enhance urban living and dining experiences in Fort Lauderdale. Amerant Bank provided acquisition financing. BH, PEBB and Related plan to unveil project details in the coming months which will aim to create a vibrant, multifunctional space that caters to both residential and commercial needs.

Located at 1515 SE 17th St. in the city’s Harbordale neighborhood, the 7-acre site is entitled for the development of 361 residential units and 12,000 square feet of retail and restaurants. The site is home to an existing 73,000-square-foot shopping center, The Quay, with the popular Boatyard restaurant, a variety of additional eateries and yachting tenants. It also includes a marina and two-story office building. The property will undergo significant improvements to align with the new development vision.

“Opportunities to acquire an infill waterfront site in a high-traffic area near downtown Fort Lauderdale do not come around often,” PEBB Chief Investment Officer Eric Hochman said. “Our partnership is well-positioned to maximize the site’s tremendous potential. This project will bring unique value to the local community, including new job opportunities and enhanced lifestyle amenities.”