James Curnin Sells Max Strang-Designed Modern Farmhouse Spec Home On Miami Beach's Allison Island For $13.875 Million

Spec home developer James Curnin of Clara Homes has sold his latest single family spec home project, a Modern Farmhouse on Allison Island, for $13,875,000 to ADW Capital’s Adam Wyden. Located at 6431 Allison Road, the deal was overseen by Oliver Lloyd of Douglas Elliman. The Modern Farmhouse was first listed for $15,300,000 in June of 2020.

The Modern Farmhouse is situated on a guard-gated Island is designed by renowned architect Max Strang. The home spans 7,000 SF spread over five bedrooms, six full bathrooms, two-half bathrooms plus staff quarters. A gym with an outdoor terrace including a full bathroom and inferred sauna can easily be converted to a sixth bedroom.

The home also features a large chef’s kitchen attached two-car garage, second level family room and separate den. Finishes include 12’ ceiling height on the main level allows natural light to flood the entertaining spaces laden with wide-planked European white oak flooring. The Modern Farmhouse also comes smart home powered by the Vantage platform. Outside offers lush landscaping, a summer kitchen, pool and 75’ of prime water frontage and a private dock with no fixed bridges.

ADW Capital Partners, L.P. is an investment fund managing more than $314 million managed by Adam Wyden.

The developer James Curnin is the great-grandson of Jack Parker, founder of Jack Parker Corp. which developed the Le Parker Meridien hotel in Midtown Manhattan. After graduating from University of Miami in 2008 he joined the Jack Parker Corporation before pursuing ground-up, single family home development opportunities in West Hollywood and Bel Air. In Los Angeles he hired and worked closely with architects Philip Vertoch and Paul McClean on three residential developments comprised of over 60,000 SF and $55 million in closed transactions including a $24 million home on Doheny Drive. By 2017, having sold all three Los Angeles homes, James set sight on Miami Beach where he established Clara Homes, and continues to focus on high end homes.

Imagery via Lifestyle Production Group

Todd Michael Glaser And Partners Launch One-Of-A-Kind Mega-Mansion 10 Tarpon Island Asking $200 Million

Todd Michael Glaser and his partners have launched a one-of-a-kind Palm Beach private island estate asking $200 million. The private island estate is located at 10 Tarpon Island, a small private island at the end of Tarpon Way in Palm Beach’s estate section. Glaser was linked to the never listed 2.27 acre property earlier this year. Glaser and his partners including Jim Randall, Scott Robins and Jonathan Fryd, eventually acquired the home for $85 million.

Glaser and his partners are planning on expanding and renovating the five bedroom home which was first built in 1939. The existing home on the property spans 12,321 SF but the redevelopment plans for a 25,000 SF mega-mansion designed by Dailey Janssen Architects with 1,300’ of linear water frontage, a 6-car garage and 2 pools. Tarpon Island was created in the 1930’s on the Lake Worth Lagoon and last sold for $7.6 million in 1998.

Todd Michael Glaser has been extremely active in South Florida’s ultra-luxury spec home market over the past several years. In Palm Beach Glaser is currently redeveloping the former estate of the late disgraced financier Jeffrey Epstein and recently sold an oceanfront estate on South Ocean Boulevard for $28.5 million. In Miami Glaser and his partners Randall, Robins and Fryd recently acquired the former estate of “Sábado Gigante” host Don Francisco for $23.8 million. He is also developing 37 Indian Creek which just launched for $55 million, 6015 North Bay Road, 163 Bal Cross, 386 Golden Beach Drive and a myriad of other ultra-luxury spec mansions and owner reps homes.

Imagery via Todd Michael Glaser

The Penthouse At The Mansions At Acqualina Sells For $27 Million In Sunny Isles Beach

The Penthouse located high atop the 47th floor of The Mansions at Acqualina has sold for $27 million. The residence was designed by STA Architectural Group and spans over 9,000 SF of floor-through luxury with an additional 2,500 SF outdoors. Michael Goldstein and Karina Serber Batievsky of Acqualina Realty represented the developer, Trump Group, and Viviane Wolak of One Sotheby’s represented the buyer in the transaction.

“The award-winning team at STA Architectural Group traveled the world to source the most unique and desirable materials to apply to the floors, walls, countertops, vanity tops and even the baseboards of The Penthouse,” said Michael Goldstein of Acqualina Realty. “The Penthouse offers the best of everything and is truly one of a kind showcasing the world’s finest residence.”

The Penthouse has four bedrooms, six full bathrooms, two half bathrooms, a grand salon, family room, terraces with a pool, summer kitchen and sauna. The residence is fully furnished and accessorized with a multi-million dollar custom design by Luxury Living/Fendi Casa and features marble flooring throughout including terraces, Crestron motorized window shades, intrusion monitoring system, climate controls with digital thermostats, custom-designed decorative light fixtures and ceilings up to 15’ and 30’ in some areas.

One of the most unique features is a private glass-bottom pool floats 600 feet above ground, giving a birds-eye view of the earth below providing a whole new perspective on hi-rise swimming. The pool incorporated hundreds of custom tiles hand-crafted in Wales.

The family kitchen features a La Cornue 60’’ gas range, custom-designed cabinetry with a rolling steel ladder, large center island with Kohler stainless steel sink, Sub-Zero 36’’ refrigerator and freezer, Sub-Zero 18’’ wine cooler, Miele dishwasher and Miele microwave oven. A separate catering kitchen has black granite countertops, Miele wall-mounted combo steam oven and Kohler stainless steel sink, among other features.

The Master Suite offers a midnight bar with sink, refrigerator and marble countertops, spacious his and hers dressing rooms with custom cabinetry including closets with pull-out drawers and shelves, his and hers bathrooms with onyx vanity tops, onyx steam shower enclosure, custom stone sinks with Dornbacht fixtures, under-mount air bath with custom marble surround tub, his bath with Toto Neorest one-piece toilet, her bath with Toto 600 toilet/bidet and marble floors.

The new buyers have access to private amenities including an infinity-edge salt water pool overlooking the Atlantic Ocean, landscaped gardens, daily breakfast bar, room service, private walkway connecting The Mansions to the Five-Star Acqualina Resort & Residences, private cabanas, dog-walking path, cinema with stadium seating, cigar lounge with personal humidors, golf simulator, children’s playroom, teen’s game room, resident-only Hammam and spa facilities.

The Mansions at Acqualina was developed by Trump Group, who is currently taking penthouse living to an even higher level at the ultra-luxurious Estates at Acqualina. Through an exclusive partnership the entrance lobbies at The Estates at Acqualina were designed by the late Karl Lagerfeld. The grounds of The Estates’ 5.6 acres will offer lush landscaped gardens, multiple pools, a FlowRider® wave simulator, a basketball court, a bocce court, a dog park, a soccer field, a beachfront restaurant, and five-star beach and pool services. Also available will be a 24-hour valet, 24-hour security services, a full-service resident concierge, and a house Rolls-Royce car. The North tower of The Estates at Acqualina topped off in May 2021 following the South tower which topped off in July 2020.

Imagery via Mansions at Acqualina

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The Gateway at Wynwood Signs First Office Lease With Oncology Biopharmaceutical Company Veru Inc.

The Gateway at Wynwood has signed its first office lease as the office building is nearing completion. The developer of The Gateway at Wynwood, R&B Realty Group just signed an eight-year lease with Veru Inc. Veru (NASDAQ:VERU) is an oncology biopharmaceutical company with a focus on developing novel medicines for the management of prostate and breast cancers. The company will occupy 12,155 SF of space on the border of the iconic Wynwood and Midtown Miami neighborhoods. The new lease will more than triple Veru’s current office space.

R&B Realty was represented by Colliers South Florida’s Executive Managing Director Stephen Rutchik, Director Tom Farmer and Director Tyler de la Pena. Veru was represented by JLL’s Vivian Gonzalez.

Scheduled to take occupancy in Q1 2022, The Gateway at Wynwood will be Veru’s new Miami-based global headquarters, moving from an existing office space in Wynwood. Veru has also expressed interest in taking occupancy as soon as The Gateway at Wynwood, which is currently under development, is delivered. The project, being developed by New York-based R&B Realty Group, is scheduled for completion in Q4 of 2021.

“We are excited that Veru chose our new Class A office building for their global headquarters,” said Shelby Rosenberg, R&B Realty’s Head of Development and Acquisitions, Asset and Property Manager, US Portfolio. “This lease highlights the increasing demand for quality office space in the Wynwood area. The Gateway at Wynwood is uniquely positioned with unmatched accessibility to the Midtown and Wynwood neighborhoods, and all of the amenities they have to offer, as well as proximity to the bay and downtown Miami.”

The Gateway at Wynwood will offer about 195,000 SF of leasable Class A office space and nearly 25,900 SF of prime street-level retail space. Designed by renowned Architect Kobi Karp, the environmentally responsible building features flexible floorplans, a private rooftop terrace, gym, unique bay window system, 24/7 on-site security, vibrant exterior cladding, and 2:1,000 on-site covered parking.

Veru, which also has offices in London and in Malaysia, is focused on the development and commercialization of novel medicines for management of two of the most prevalent cancers globally – prostate cancer and breast cancer. Based on positive clinical trial results, Veru also has an agent being evaluated in an ongoing Phase 3 clinical trial for the treatment of hospitalized patients with moderate to severe COVID-19 who are at high risk for acute respiratory distress syndrome. Veru’s new lease at The Gateway at Wynwood will triple the company’s existing Miami footprint to accommodate its rapid growth and planned future growth.

“Veru is a biopharma company dedicated to the development and commercialization of novel cancer drugs for prostate and breast cancers. As a high-tech company, we view both The Gateway at Wynwood and the Wynwood neighborhood itself as the perfect fit for Veru, as both are also cutting edge,” said Dr. Mitchell Steiner, Chairman, President and CEO. “We believe that Wynwood’s eclectic mix of commerce, culture, restaurants and technology provides the ideal location to enable Veru to continue to grow and flourish as a global leader in oncology therapeutics.”

Wynwood has developed into a new office submarket in Miami, creating competition for more established office markets such as downtown Miami, Brickell, Aventura and Coral Gables. Several big-name companies have made Wynwood their home, such as Spotify, Live Nation and Founders Fund. Other companies looking at the area include Google, Dentsu and other creative marketing agencies.

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Take A First Look At Related Group and Barry Sternlicht's 75-Story Baccarat Residences Brickell

Jorge Perez’s Related Group and Barry Sternlicht’s SH Hotels & Resorts have launched Baccarat Residences Brickell, the first project the real estate icons are developing together. Baccarat Residences Brickell continues the legacy of Baccarat Residences New York, which brought in record-breaking sales and was recognized for pushing the needle for residential design. Baccarat Residences Brickell brings a similar unique hybrid of high-design, exceptional service and amenities that reflect the storied French crystal company's more than 250-year heritage. The design aesthetic will fuse 18th-century Paris and 21st-century Miami, with a 1930s Art Deco influence.

The 75-story bespoke tower will offer 360 luxury residences including tower residences plus an exclusive selection of penthouses and riverfront villas. All spaces are curated to maximize the property’s coveted location with panoramic views of the Miami River, Biscayne Bay and city skyline. Inspired by the Baccarat’s storied crystal creations, the building’s bold architectural identity with a chiseled, glass façade will create an interplay of light that mirrors the sparkling waters below. Interiors blend 18th-century French design and 1930’s Art Deco to create a uniquely Miami feel with handcrafted Baccarat crystals gracing nearly every surface and signature pops of red creating sumptuous environments worthy of the legendary French brand.

Combining the best of Brickell with enlightened design, artful service and enlivening waterfront amenities, residents can expect a lifestyle infused with laid-back glamour and luxury. Bespoke residences range from 1,330 SF to over 7,000 SF and each home comes equipped with integrated wellness technology to enhance overall wellbeing. Residences also feature private elevators that open up to airy open concept living areas with perfectly crafted interiors and floor to ceiling glass leading to expansive outdoor terraces framing panoramic water views.

Baccarat Residences Brickell offers access to expertly managed five-star amenities including a fitness and wellness center featuring a Baccarat hammam spa with steam room, sauna, yoga and meditation spaces. Owners will also have access to a luxurious club room with billiards, private screening room, game room, wine cellar with tasting room, private dining room with Chef’s kitchen, and more.

Outdoor living is enhanced by lushly landscaped gardens, multiple pools and private cabanas, interactive water playground, and a marina with private water taxi service via the “house yacht.” Additional perks include a full-service salon and barber shop, pet spa, signature riverfront restaurant and Beach Club Membership at 1 Hotel South Beach.

Demolition of the previous structure and site work has already begun with the development team gearing up for groundbreaking. The tower’s expected completion is 2024.

Imagery via Related Group

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The First Restaurants Opening In Downtown Miami's $4 Billion Miami WorldCenter Megaproject Are Announced

The first four restaurants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami, have been announced. The development’s ownership has completed leases with Chicago-based steakhouse Maple & Ash, set to open its first location in Florida; etta, a neighborhood restaurant centered around a wood-fired hearth; Laurel Brasserie and El Vecino, both concepts by Miami chef Michael Beltran. The leases combine to over 30,400 SF of indoor and outdoor space along Miami Worldcenter’s open-air entertainment promenades and mark the first tenants to lease space in Miami Worldcenter. All four concepts are expected to open in 2022.

“Our team is thrilled to unveil a stellar lineup of restaurants opening at Miami Worldcenter, with Maple & Ash, etta, Laurel Brasserie and El Vecino setting the tone for what’s to come. These restaurants exemplify the quality of the tenants and the experience we are curating for Miami Worldcenter’s residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination, and we look forward to announcing additional retail concepts in the coming weeks and months.

The lavish Maple & Ash offers a modern take on a traditional steakhouse. Two-time Michelin-star Chef Danny Grant presents classic wood-fired dishes while offering diners an elegantly seductive experience. At Maple & Ash’s original Chicago location, the restaurant’s wine list has been named “one of the most outstanding in the world” by Wine Spectator. Maple & Ash will be located along World Square at the corner of Miami Worldcenter’s 7th Street promenade and NE 1st Avenue, and will occupy 15,000 SF of indoor and outdoor space, with ground floor and second floor seating.

Developed by the creative team behind Maple & Ash, etta is a neighborhood restaurant that serves delicious wood-fired dishes, from gourmet pizzas and warm focaccia to crisp seasonal salads and family-style shared pig and lobster picnics. Just as the kitchen is the focal point of interaction within a home, etta’s open kitchen design gives guests the same intimate experience. With two existing locations in Chicago, each etta location features a wood-burning brick oven and a giant wood-fired hearth for spit roasting and grilling. Located along the eastern side of the 7th Street Promenade, etta will feature approximately 11,000 SF of indoor and outdoor space across two levels.

Local Miami Chef Michael Beltran, a 2020 James Beard Foundation Awards “Best Chef: South” semifinalist, will bring his new dining concept, Laurel, to Miami Worldcenter. Laurel will offer diners a novel take on a French brasserie with hints of Chef Beltran’s Cuban influence, which is evident across his multiple concepts, including his revered Ariete. In addition to Beltran’s inventive French-Cuban fare, guests will be able to enjoy a limited selection of Cuban treats from popular Coconut Grove diner Chug’s. The casually chic restaurant will occupy 2,800 SF of indoor and outdoor space on the ground floor of Caoba, Miami Worldcenter’s apartment tower, at the corner of the 7th Street promenade and NE 1st Avenue.

Also developed by the Ariete Hospitality Group, El Vecino will be a high-end first-class cigar bar serving a full liquor bar and light fare such as head cheese croquetas, an assortment of meat and cheese, and pastelitos by Pastelito Papi. The venue will occupy approximately 1,600 SF of indoor and outdoor space joining Laurel on the ground floor of Miami Worldcenter’s Caoba apartment tower.

Retail leasing at Miami Worldcenter is led by The Comras Company, a leading, boutique real estate firm providing retail leasing, asset sales, consulting and development advisory services throughout South Florida. The leasing team is comprised of Michael Comras, Jeff Evans and Michael Silverman.

“Projects of this size, scale and caliber don’t happen often, not in Miami and not anywhere else in the country,” said Michael Comras, president of The Comras Company. “Miami Worldcenter sits just off the intersection of the two busiest highways, surrounded by various modes of public transit, steps from the most prominent cultural institutions in the city, and the FTX arena. That, coupled with downtown Miami’s exponential growth and the influx of domestic and international residents moving in the last year, makes Miami Worldcenter the most appealing location for businesses to invest in.”

As the largest private development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 SF of retail, restaurant and entertainment space. These include two completed residential buildings: the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Approximately 150,000 SF of retail has been completed with tenant build-out work set to commence in 2021, and another 130,000 SF is currently under construction and nearing delivery. Construction is nearing completion at ZOM’s 43-story Bezel Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter one of the largest and most-connected transit-oriented development in Florida.

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Aston Martin Residences Miami Reveals Signature Collection of Penthouses And Residences

Aston Martin Residences Miami, located on the exclusive Miami River waterfront, has revealed its Signature Collection penthouses and residences. The Signature Collection is the next level of luxury at the Aston Martin Residences Miami, offering buyers a members-only community with unparalleled access and exclusivity. Signature Collection owners will enjoy an array of privileges, including a dedicated butler service and priority access to the Aston Martin Residences private superyacht marina. The Art Gallery, located on the 52nd floor, will create a secluded space for residents to appreciate an ever-changing canvas of contemporary art.

“I’m delighted to announce the Signature Collection and share the very first images of the penthouses. They’re the pinnacle of luxury and elegance, style and beauty, and the result of an inspirational collaboration between our architects and the Aston Martin Design Team. The Signature Collection is complemented by a specially-commissioned bespoke Aston Martin DB11 Coupe or DBX Riverwalk Editions, which will enhance the Aston Martin lifestyle for our owners,” said Germán Coto, CEO of G&G Business Developments.

Located at 300 Biscayne Boulevard Way and now over 70% sold, the Aston Martin Residences Miami is well on its way to completion at the end of 2022. The luxury residential tower blends contemporary architecture with art, and art blends seamlessly with design throughout the magnificent sail-shaped luxury development. The elegant homes are harmonious inside, while floor to ceiling windows afford uninterrupted views of the ocean and Biscayne Bay.

“From the start, this project has been a labour of love, and I’m extremely proud of the passion and drive of everyone involved. We adapted to continue working safely throughout the pandemic and have reached floor 56 of 66 on schedule. The whole team is fully focussed on completing the construction of our waterside jewel by the end of next year,” Coto explained.

“The Signature Collection is the next level of luxury; the best of elegant living. When we designed the interior, we focused on the beauty of perfect proportions, affording the same attention to detail that goes into every Aston Martin. Fine craftsmanship, with an emphasis on comfort for the living spaces and bold, pioneering design for the amenity areas, has created an astonishingly beautiful development,” said Marek Reichman, Aston Martin Chief Creative Officer.

Aston Martin Residences is a luxury residential development on the waterfront in downtown Miami being developed by G&G Business Developments at 300 Biscayne Boulevard Way in Downtown Miami. Coastal Construction is the general contractor on the project, which broke ground in October 2017. The one-of-a-kind Aston Martin-branded tower offers 391 residences which come in a variety of floor plans consisting of one to five bedrooms and penthouses ranging from 8,977-10,463 SF and priced from the $970,000s to upwards of $50 million.

“Aston Martin Residences Miami is our first global real estate venture,” Reichman continued. “I think we have shown that good design is good design, whatever the medium. This is something that really excites us as a brand.”

The iconic tower is the first for Aston Martin and will feature 42,275 SF of sky amenities across four floors, including a double-level fitness centre overlooking the ocean, infinity pool, spinning studio, boxing gym, virtual golf room, art gallery, two cinemas, as well as a full-service spa, beauty salon and barber shop.

Aston Martin Residences is scheduled for completion in 2022.

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PMG And Waldorf Astoria Residences Miami Reveal First-Of-Its-Kind Experiential Sales Gallery With Lavish Soiree In Downtown Miami

The Waldorf Astoria Residences Miami has celebrated the grand opening of its first-of-its-kind experiential sales gallery. On Thursday, June 17th, developer PMG and their development partners officially unveiled the multi-million dollar, first-of-its-kind Waldorf Astoria Experiential Sales Gallery for Waldorf Astoria Residences Miami. At an expansive 11,000 SF, the sales gallery is among the largest and most technologically advanced sales galleries in South Florida.

PMG Managing Partners Kevin Maloney, Ryan Shear and Dan Kaplan were joined by Greybrook Realty Partners, Mohari Hospitality, S2 Development, Mayor Levine Cava, Mayor Suarez, PMG’s in-house sales team, PMG Residential, and concept designers Charles M. Sieger and Carlos Ott to host VIP’s and the leaders of the Miami real estate industry including notable real estate brokers, investors, designers and developers.

"From apps to cryptocurrency, the real estate purchasing process is constantly evolving to better serve the buyer," said PMG Managing Partner Ryan Shear. "This is why we invested in creating an innovative, immersive sales experience to showcase the property and the Waldorf brand's debut into the Miami market. This experiential sales gallery represents our interpretation of the future of Downtown Miami through various activations.”

“We put together over 10 years of hard work, have already broken sales records in this building and we’re looking forward to breaking ground during the first quarter of next year,” said PMG co-founder and Managing Partner Kevin Maloney.

Guests were invited to walk through seven unique activation areas designed exclusively for the gallery and enjoyed live musical performances by Yoli Mayor and opera singers. PMG managing partners Ryan Shear and Kevin Maloney, Miami Mayor Francis X. Suarez and Miami-Dade County Mayor Daniella Levine Cava spoke to guests about the tallest residential building south of New York City and Miami’s bright future.

“Every single day people come to our city because they want to live in the most prosperous, free and innovative city on the planet. We are so proud of this iconic project that will redefine who we are as a city,” explained Mayor Francis X. Suarez:

“The skyline has been truly transformed with this new project. Growing up in New York City, it was always about Waldorf Astoria. Now here we are in South Florida with our very own Waldorf Astoria,” said Mayor Daniella Levine Cava

The space was designed to evoke the essence of an immersive museum, showcasing the world’s most iconic hospitality brand and its relentless commitment to personalized service and best-in-class experiences. Created to promote the city of Miami, the downtown urban core and life inside the residences, seven activations were designed exclusively for the sales gallery that share an overall message of a new era coming to Miami filled with innovation, elegance and growth.

PMG partnered with digital innovators, Razorfish, a division of Publicis Groupe, to create a completely unique sales experience for this pre construction development. The gallery’s innovative elements include “Coffee in the Clouds,” a 70-foot LED wall with over one million LED light bulbs that showcase views from every residence customizable by weather and time of day. Other elements include “City on the Rise” and “Welcome to the Neighborhood,” both features distinctive to the sales gallery help bring Miami’s story and compelling facts to life using overhead projections and an interactive scale model of Downtown Miami.

The gallery also offers an entryway sculpture, a primer film shown to visitors upon beginning the experience, a massive 24-foot scale model, in addition to a three-bedroom model residence, full-service brokerage and cafe.

Images via World Red Eye

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Melo Group Launches Sales For Luxury Bayfront Condo Tower 'Aria Reserve' In Edgewater

Miami-based real estate developer Melo Group has launched its newest luxury condo development, Aria Reserve Miami, a 62-story, twin tower luxury waterfront condominium development on Biscayne Bay in the heart of Miami’s burgeoning Edgewater neighborhood. The development will mark the tallest waterfront residential twin towers in the United States. Melo Group is now launching sales for Aria Reserve’s South Tower, which will encompass 391 spacious residences and penthouses. Construction of Aria Reserve’s South Tower is expected to begin in early 2022, with completion slated for 2024.

Aria Reserve is architecturally designed by Bernardo Fort-Brescia of Arquitectonica, with interiors by MORADA Haute Furniture Boutique, and lush landscaping by ArquitectonicaGEO. The development will offer 550 linear feet of bay frontage, with direct views of Biscayne Bay, the Atlantic Ocean, and the Miami Beach skyline.

Residences will include impeccably finished units with one- to four-bedroom floorplans measuring between 1,100 and 2,600 SF in size. Every residence at Aria Reserve will include two private elevators, a dedicated office/bonus room, at least 10-foot-high ceilings, and open flow-through layouts with expansive 11-foot-deep east- and west-facing outdoor terraces boasting unparalleled sunset views to the west and bay and ocean views to the east.

A limited collection of 15 penthouses residences will also be available, ranging from 3,500 to over 9,000 SF, each with its own one-of-a-kind personal three-car garage vault. Three trilevel penthouse mansions will feature private rooftop decks with pools and summer kitchens.

Residences are priced from about $750,000 to over $2 million, and up to $12 million for penthouses. Preconstruction sales are now underway, with starting unit prices averaging approximately $750 per square foot.

Aria Reserve’s preconstruction sales model will allow for 30%-down deposits for domestic U.S. buyers, and 40%-down deposits for international buyers. Under this model, payments are staggered with 10% deposits made at varying stages throughout the course of the development’s construction, from the reservation/contract stage all the way to top-off, with the remainder of the unit’s value due upon completion/closing. In 2011, Melo Group was the first developer in Miami to implement the now-popular 50-percent-down financing model to build its 23 Biscayne condominium.

“This type of waterfront, luxury condominium opportunity simply no longer exists in Miami at this price point,” said Martin Melo, Co-Principal of the Melo Group. “With more than two acres of open-air amenities, spaciously oversized luxury residences, and an unmatched waterfront location, Aria Reserve is sure to appeal local empty-nesters as well as out-of-market domestic and international residents looking to relocate to and live full-time in Miami.”

Standout amenities will include a two-acre recreation deck, which will be home to a semi-Olympic sized lap pool and whirlpool spa, a children’s splash pad, playground area, teen lounge and gaming center, a theater, tennis courts, basketball courts, paddle courts, a miniature golf course, and an indoor/outdoor wellness center with spa/steam/sauna facilities, massage rooms, a state-of-the-art gym, yoga lounge and meditation garden.

The building will also feature a double-level 25-foot lobby, a signature waterfront restaurant and café, two additional pool and lounge areas with two Jacuzzis and poolside daybeds, a fire pit, a dog park, and a telescope observatory area looking out over the bay. Residents will also have access to a custom-designed watersports dock with available paddleboards, kayaks, and inflatables.

On the ground floor along 23rd Street, Melo Group is developing a public park with open green space that will connect to the Miami Baywalk, providing direct access to the 5-mile-long pedestrian and bicycle-friendly waterfront promenade which runs along Biscayne Bay from Edgewater, around Brickell Key, and all the way to Brickell Bay Drive in Brickell.

The news of Aria Reserve’s launch comes as Miami experiences an extreme surge in residential real estate sales sparked by a new wave of wealthy out-of-towners opting to make South Florida their primary residence fueled by a more desirable quality of life, and lower business and living expenses, a trend which began with the 2016 tax reform bill and has only accelerated since the Covid-19 pandemic made remote working more commonplace.

“Our philosophy has always been to build for what the market demands. Over the last twenty years, our firm has acquired land in and around Miami’s Downtown waterfront – and as long-term owners and operators of real estate, our investments have allowed us to develop the right product at the right time to meet demand for locals and residents around the world wanting to live in Miami,” said Carlos Melo, Co-Principal of the Melo Group. “Now, eight years after acquiring this unique five-acre piece of waterfront land with 550 linear feet on the bay in Edgewater, we’re very excited to launch Aria Reserve, our firm’s latest luxury condominium, in what has become one Miami’s most exciting new neighborhoods.”

Melo Group has been a driving force behind Downtown Miami’s real estate resurgence with a portfolio of more than 6,000 total condominium and rental units completed throughout the Greater Downtown Miami area. The firm has found success by investing early in prime land and building for market demand, delivering more than a dozen high-end multifamily and luxury condominium towers across the city’s Central Business District, Edgewater, Miami River, and Arts & Entertainment District neighborhoods including Aria on the Bay, Square Station, Bay House, Melody and Art Plaza, amongst others.

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E11EVEN Hotel & Residences The First Pre-Construction Development To Accept Cryptocurrency For Condo Deposits

Miami really is becoming the Crypto City as E11EVEN Hotel & Residences has become the first development to accept cryptocurrency for condominium deposits in pre-construction projects. E11EVEN Hotel & Residences is under development by PMG, led by Ryan Shear and Kevin Maloney, and E11EVEN Partners, led by Michael Simkins, Dennis Degori, and Marc Roberts. The luxury high rise coming to Downtown Miami’s Park West district is on track to be the city’s fastest-selling condominium in the last decade. The announcement comes just ahead of the Bitcoin 2021 conference in Miami, of which E11EVEN Hotel & Residences is a sponsor.

“We are thrilled to join powerhouses like Goldman Sachs that are embracing cryptocurrency as a focal point of future commerce,” said Ryan Shear, Managing Partner of PMG. “Our goal is to lead the real estate development and hospitality industry in implementing modern technology, and accepting digital currency is one more way we’re doing that.”

As cryptocurrencies create immense worldwide wealth and become increasingly mainstream, E11EVEN Partners and PMG sees it as an auspicious time to capitalize on the digital currency market. A consistent trailblazer in the real estate industry, the company expects other developers to follow suit. E11EVEN Partners announced in April that it is accepting cryptocurrency for transactions at its globally renowned nightlife venue, E11EVEN Miami.

Buyers can use cryptocurrency to place deposits on the remaining units at E11EVEN Hotel & Residences. The project, which will break ground later this year, has garnered both domestic and international interest, including many celebrities, athletes, and executive buyers. Among them are WNBA player Candace Parker, ESPN co-host Sage Steele and MMA fighter Luke Rockhold. Residences start at $300,000 and include studio, one, and two-bedrooms, as well as a limited Penthouse Collection and two Presidential Suites.

“As more of the world's wealthy individuals manage their capital through cryptocurrency, we're providing buyers an opportunity to sustain their wealth,” said Michael Simkins of E11EVEN Partners. “With Miami leading the way as a cryptocurrency capital, we’re thrilled to offer this option as a method of payment.”

In total, E11EVEN Hotel & Residences Miami comprises 375 fully furnished residences. Each unit comes equipped with fully integrated “smart building” features and 24/11 style amenities. Residents will enjoy an electric LED fireplace in their living room, fully built-out closets, custom Italian kitchens, a signature Home Essentials Package, and an E11EVEN Resident Membership Package. The building is slated for completion in 2023.

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