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, 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 Dunin was a pioneer of the condo-hotel concept, which he explains is now vastly outdated.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.

Phil Gutman Launches Gutman Development Marketing

Phil Gutman, a real estate visionary achieving stellar sales results, is using his more than 25 years of sales leadership accomplishments to shape a new benchmark real estate consultancy, Gutman Development Marketing. The Miami-based firm caters to developers of the area’s prime developments, including notable high-end condominiums, condo-hotel properties and residential communities.

The new company aims to fill a void in the existing local new development sector, working hand-in-hand with developers on all aspects of the sales function. Gutman Development Marketing advises developers, large or small, in terms of site selection, design elements, materials, floor plans and pricing, as well as building an in-house sales team or choosing the right brokerage and sales team, determining market demand regarding amenities and features, managing marketing and branding strategies and training sales teams. Coming on board at the earliest stages of development, Gutman Development Marketing plays an essential part in the success of a real estate project.

An expert on both the client and brokerage sides, Gutman has led the launch of key developments on both the East Coast and the western region of the U.S. In South Florida, he currently steers the achievements of the Continuum Company as managing director of sales at La Baia North, a 57-unit waterfront development with resort-style amenities located at 9481 E. Bay Harbor Drive in Bay Harbor Islands, and Continuum Club & Residences, a 198-residence luxury bayfront condominium in North Bay Village. Gutman also led sales and secured the land for La Baia South, an 8-story boutique building featuring 68 residences located at 9201 E. Bay Harbor Drive in Bay Harbor Islands. La Baia South and La Baia North are part of La Baia Bay Harbor, a development spanning two sites a few blocks away from each other.

Additionally, Gutman made news earlier this year when he helped facilitate the acquisition of an oceanfront property in Surfside by Multiplan Real Estate Asset Management for a record-breaking price of $64 million.

Previously, as president of Brown Harris Stevens Miami, a luxury real estate firm based in New York City and serving Manhattan, Brooklyn, Queens, Riverdale, the Hamptons, Hudson Valley, Connecticut, New Jersey, Palm Beach and Miami; Gutman oversaw a sales team of approximately 200 multilingual, award-winning REALTOR® professionals in Miami-Dade County. He also launched its Sports and Entertainment division, in addition to its Commercial division.

At Douglas Elliman Development Marketing, a division of Douglas Elliman Realty, Gutman oversaw a real estate portfolio exceeding $3 billion, including Miami Beach’s Canyon Ranch, 1 Hotel & Homes, Monad Terrace, and Ritz-Carlton Residences; as well as The Bristol Palm Beach.

In Las Vegas, Gutman led sales for one of the largest residential projects in the U.S.: The Cosmopolitan of Las Vegas Resort and Casino. His strategic planning, training, quality control and negotiation helped to result in the sale of more than 1,825 units in 18 months, with $1.275 billion in volume.

“As a licensed real estate broker in New York, Nevada and Florida, my education, experience and expansive network of clients and colleagues provide me with an arsenal of unique abilities to guide, consult and lead all facets of new development in various market conditions,” said Gutman. “My hands-on approach, coupled with my unwavering dedication and knowledge, ensures that Gutman Development Marketing properly manages all the sales aspects of a project, driving success for the developer while helping launch an unparalleled residential product to the market.”

“Throughout my career, I have been pleased to be a pivotal contributor to the selection process for both the sales and marketing company and the sales associates,” he continued. “My steadfast belief lies in the understanding that new development is not a one-size-fits-all scenario.”

A First Look Inside Mercedes-Benz Places Revealed at the Concours Club

Mercedes-Benz Places in Miami, the inaugural North American branded residential project, has unveiled its first look inside, marking a significant milestone in luxury living in Brickell. Developed by JDS Development Group in partnership with Mercedes-Benz, this mixed-use development merges modern living spaces with innovative mobility concepts, setting new standards for urban living.

The project, announced on February 26, 2024, has already seen remarkable success, with record sales of over 100 condominiums sold within the first four days on the market. The launch event, held at The Concours Club before the Formula 1 Miami Grand Prix, offered guests an exclusive preview of the residences' interiors, along with a unique conversation hosted by Toto Wolff, Team Principal & CEO of Mercedes-AMG PETRONAS F1 Team, and Michael Stern, Founder and CEO of JDS Development Group. Test drives in Mercedes-AMG GTR cars on the racetrack with professional drivers from Mercedes-Benz USA completed the unique experience of lifestyle in Miami.

Designed to offer a seamless mobility journey, Mercedes-Benz Places in Miami features a private porte cochere and panoramic rooftop pool, providing residents with breathtaking views of the skyline and cityscape beyond. Each residence, ranging from studios to three-bedrooms, is meticulously crafted to reflect modernity and luxury, with floor-to-ceiling windows, deep terraces, and spectacular views of Miami, Biscayne Bay, and the Atlantic Ocean.

Interior designs, created by the experts at Woods Bagot in collaboration with the Mercedes-Benz design team, showcase crisp blacks and whites, warm woods, and significant graphic elements, reflecting the brand's commitment to automotive-detailing, precision, and quality. Custom-designed kitchens and principal baths offer light and dark finish options, integrated Miele appliances, and luxurious marble countertops.

The architectural design, created by award-winning SHoP Architects, embodies Mercedes-Benz's design philosophy of Sensual Purity, combining intelligence and emotion to create clear forms and sensuous surfaces. The cube-shaped mixed-use tower features technical silver, classic black and white elements, and undulating curves, creating distinctive highlights and stimulating contrasts.

Gregg Pasquarelli, Founding Principal of SHoP Architects, highlights the project's investment in the Brickell community, stating, "Mercedes-Benz Places will revitalize public space in the neighborhood of Southside Park while making a statement with its superior quality in design."

Mercedes-Benz Places in Miami represents more than just a development; it embodies a vision for the future of urban living, offering residents a luxurious and connected lifestyle in the heart of Miami's vibrant Brickell district.

Swire Properties Launches Sales of The Residences at Mandarin Oriental, Miami

Swire Properties, Inc. has officially launched sales at The Residences at Mandarin Oriental, Miami, part of an unparalleled residential and hospitality destination set within a secluded island sanctuary moments from Miami’s vibrant core. Located on Brickell Key, the development will feature two architecturally iconic towers connected by an expansive landscaped podium with more than 80,000 square feet of indoor and outdoor amenities. The South Tower will feature The Residences at Mandarin Oriental, Miami, while The North Tower will feature what is destined to be the new North American flagship Mandarin Oriental hotel, along with additional Residences for purchase. Offering unobstructed, panoramic views of Biscayne Bay and the dynamic Miami cityscape, it will be one of Swire Properties’ crowning achievements in its portfolio of world-class properties and a defining landmark on the Miami skyline. The permanent sales gallery will open in the summer, with new details to be unveiled for The North Tower, which will launch sales later this year. Construction is expected to begin in 2025 with occupancy from 2029.

The South Tower is the first of the two towers to come to market and features several ultra-luxury homes, including a $100 million duplex penthouse that could be sold as a single residence or divided into two marquee homes. Spanning 23,000 square feet, this one-of-a-kind duplex penthouse is located at the apex of The South Tower. It features 16,000 square feet of interior space and 7,000 square feet of private outdoor space, including one of Miami’s highest private infinity pools. Other residences coming to market include 2-bedrooms starting at $4.9 million, 3-bedrooms starting at $5.8 million, 4-bedrooms starting at $10.5 million, and 5-bedrooms starting at $17.5 million. The Residences represent the last opportunity to purchase a new home on Brickell Key. Fortune Development Sales is exclusively handling sales.

“Launching sales at The Residences at Mandarin Oriental, Miami, is a monumental event for us. We are excited to unveil the full scope of the project and share details of the incredible Miami lifestyle that can only be offered here,” said Henry Bott, President of Swire Properties. “The development is a showcase of our continued commitment to the neighborhood, which started 40 years ago when we conceived Brickell Key. We are thrilled to bring these ultra-luxury residences to market along with what is positioned to be Mandarin Oriental’s North American flagship hotel, which, combined with the ongoing success of our Brickell City Centre development, will establish the Brickell neighborhood as one of the most vibrant destinations in South Florida.”

The 66-story South Tower is designed by world-renowned architecture firm Kohn Pedersen Fox (KPF). Rising 850 feet, it is situated on the southernmost tip of Brickell Key, offering unobstructed panoramic views of Biscayne Bay and the dynamic Miami skyline. It will feature 228 two- to five-bedroom private homes that offer the utmost luxury for residents, with interiors by acclaimed Parisian designer Tristan Auer. Each residence has private elevator access, and gracious interior space measuring up to 5,800 square feet with 11-foot ceilings throughout. Extraordinary views are framed by floor-to-ceiling glass sliding doors that open onto expansive private terraces, the depths of which are not typically found in the Miami market. Each kitchen will feature custom Italian cabinetry by Molteni&C, Dornbracht fixtures, state-of-the-art Gaggenau appliances, and design selections available for buyers to customize their countertops, backsplashes, and cabinetry finishes. Primary bathrooms will feel like private spas with handcrafted stone vanities, marble floors, Dornbracht fixtures, and Duravit soaking tubs and shower heads. Select residences will also include a private sauna.

“The Residences at Mandarin Oriental, Miami, is an unparalleled luxury residential offering that will attract buyers seeking a refined lifestyle in one of the most sought-after residential locations in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Swire Properties’ longstanding commitment to the Brickell neighborhood is paired with legendary Mandarin Oriental service and an unmatched collection of amenities. The attention to detail is evident throughout the property, from the thoughtfully chosen finishes to the visionary exteriors. Our team has already been impressed by the high level of interest in The Residences and we are excited to bring the development to market.”

The North Tower is also designed by Kohn Pedersen Fox and will feature what is destined to be the new North American flagship Mandarin Oriental hotel with 121 keys, a signature Spa at Mandarin Oriental, and multiple intimate fine-dining and al fresco restaurants. Rising 426 feet, The North Tower will also offer an additional 66 private residences and 28 hotel residences that will launch sales later this year. The hotel and residences will feature interiors by AD100 Parisienne designer Laura Gonzalez.

“We are delighted to be writing a new chapter of Mandarin Oriental's sought-after hospitality in Miami and strengthening our partnership with Swire Properties,” said Laurent Kleitman, Group Chief Executive of Mandarin Oriental. “We have been very fortunate to have a hotel presence in the city for more than 20 years, and it has become a property that is genuinely embraced by our guests. As we continue on this journey with Swire, we are excited to bring a new standard of luxury living with The Residences at Mandarin Oriental, Miami.”

Crowning the South Tower will be the remarkable $100 million penthouse, which is being offered as a duplex residence or can be sold as two individual penthouses. The combined duplex penthouse will offer a total of 23,000 square feet of space, including 16,000 square feet of interior space and 7,000 square feet of private outdoor space. Situated 780 feet above the ocean, the exclusive home features interiors by Tristan Auer, who has selected the most exquisite finishes throughout. Its bespoke floor plan offers the ultimate experience in elevated living and striking design details, including 30-foot-high ceilings in select areas on both floors, unrivaled views of the water and Miami city skyline, and a stunning spiral staircase. The penthouse’s private outdoor space creates an indoor and outdoor lifestyle unlike any other property in Miami. It includes one of Miami’s highest private infinity pools, multiple areas for outdoor dining and entertaining, and a sky cabana, which can be transformed into an additional bedroom or guest room. Finally, with privacy and security being of the utmost importance, the penthouse resident will have access to a private garage with spaces for up to eight vehicles. An adjoining private elevator lobby and elevator will provide direct access to their residence.

Every resident at The Residences at Mandarin Oriental, Miami, will experience exceptional recreational, dining, and wellness amenities across an 80,000-square-foot, lushly landscaped podium with landscaping by Thai firm SHMA. Lifestyle amenities include ten pools with a poolside lounge all serviced by Mandarin Oriental, an immersive hammock forest with a series of gardens nestled within, an art walk featuring rotating exhibitions by selected artists, an indoor golf simulator, a game room with billiards, a private screening lounge, and a children’s club and activity center. Dining amenities include signature fine-dining restaurants within the hotel, a dedicated outdoor dining pavilion for entertaining fitted with a barbecue, a tea pavilion, a stunning glass-encased experiential private dining room with a complete chef’s kitchen surrounded by mesmerizing water views, and a wine cellar. Mandarin Oriental, which has more Forbes Five Star Spas than any other hotel group in the world, will curate an extraordinary collection of wellness offerings such as signature spa treatments, retreats, and curated fitness programming dedicated to wellness and anti-aging. The property will also feature a forest yoga lawn, a tea garden for relaxation, men’s and women’s saunas and a hammam, a wellness pool deck with private cabanas flanked by cold plunge and hot tub, a state-of-the-art fitness center, several multi-use sports courts, and a dog grooming spa. Residents will also have access to shared hotel amenities and concierge services at the adjacent Mandarin Oriental Hotel with more information to be announced.

The Residences at Mandarin Oriental, Miami, represents Swire Properties' commitment to sustainability, resiliency, and mission to become the world's most sustainable developer by 2030. Swire Properties endeavors to achieve net carbon neutrality across its portfolio by implementing a multitude of sustainable design strategies. At The Residences, the design team adopted a passive design strategy to optimize energy use while maximizing daylight and cross-ventilation for resident comfort and well-being. Extensive plantings at various levels of the building provide heat island reduction and prevent heat absorption of the site. As part of Swire’s wellness pledge, its developments always prioritize the provision of high-quality indoor air for residents. The development also implements air filtration, provides separation between residential units to mitigate air transfer, and prioritizes the selection of low-emitting building materials. Solar panels will offset power consumption and promote renewable energy adoption, while each parking space will be configured for EV charging. Finally, Swire will address climate resiliency through the refurbishment of the surrounding seawall and elevation of the development site to combat sea level rise, along with expanding the Brickell Key Baywalk around the full perimeter of the island, which further reinforces the firm's commitment to placemaking that benefits the entire community. 

First Standalone Four Seasons Branded Residences In Florida Coming to Coconut Grove

South Florida-based real estate development firms CMC Group, led by Ugo Colombo, and Fort Partners, led by Nadim Ashi, together with leading luxury hospitality and branded residential company Four Seasons, have launched sales for the Four Seasons Private Residences Coconut Grove. Set within one of Miami’s most historic neighborhoods and building on the success of Four Seasons’ residential portfolio in South Florida and around the globe, this groundbreaking development will be the first Four Seasons standalone residential offering in Florida. The Four Seasons Private Residences Coconut Grove will rise 20-stories offering 70 residences with sales being handled in-house by CMC Group and Fort Partners.

"Four Seasons is the standard-bearer for luxury around the world and has captivated the real estate market with its leading branded residences,” said Nadim Ashi, CEO of Fort Partners. “We are thrilled to continue our proven relationship with the esteemed brand and forge a new partnership with the highly successful CMC Group on developing this first-of-its-kind offering in the coveted Coconut Grove neighborhood."

A world-class team has been selected to bring the vision to life, with acclaimed Florentine designer Michele Bönan at the helm of the interiors and Miami-based Luis Revuelta crafting the architecture. Four Seasons Private Residences Coconut Grove will offer 70 homes ranging from two- to four-bedrooms spanning up to 3,980 square feet. Four penthouse residences will range from nearly 6,430 to 9,690 square feet. The distinctive property will rise 20 stories, providing residents with unobstructed ocean views overlooking Biscayne Bay. Inspired by Coconut Grove’s beloved landscape, a sanctuary beneath the shade of banyan and mahogany trees, the building’s façade is softly curved to blend into the land’s natural rhythm while creating a defining presence on the skyline.

"With over 35 years of experience, our luxury condos have set the standard in the South Florida market,” said Ugo Colombo, CEO of CMC Group. “Fifteen years ago, CMC Group pioneered luxury living in the Grove with Grovenor House, and now with Four Seasons Coconut Grove, we're raising the bar yet again. By integrating the renowned Four Seasons service, we're not just resetting standards; we're redefining luxury living. Our commitment to quality remains unwavering, ensuring that our buildings continue to be the benchmark for excellence in the industry."

"With our growing standalone residential portfolio, Four Seasons is elevating luxury living for discerning buyers by blending personalized service alongside prime real estate in the best locations worldwide. In a competitive branded residential market like Miami, the trust and credibility of our brand will no doubt drive demand for this exceptional project in Coconut Grove,” says Bart Carnahan, President, Global Business Development, Portfolio Management, and Residential, Four Seasons. “Together with our esteemed partners at Fort and CMC, we look forward to welcoming this spectacular project to our dynamic portfolio of Four Seasons Private Residences across South Florida.”

The spaces designed by Michele Bönan reflect the renowned architect’s signature style, with a blend of timeless elegance and contemporary aesthetics. Bönan creates a cohesive connection between the interiors and the natural beauty of Coconut Grove, with design inspired by the verdant tropics, the ocean and the quintessential charm of Miami. The homes are crafted to be as polished as they are welcoming, exuding a sense of enduring sophistication achieved through classic lines, elegant furnishings and a palette dominated by neutral tones.

“The essence of Coconut Grove and the cultural significance of the location's past, including the gorgeous climate, spectacular views and exceptional quality of life, guided each step of the design process,” shared Michele Bönan. “Whether through design elements influenced by the rhythm of the ocean or patterns created in the sand, we maintained fluidity between the surroundings and the interiors to allow residents to relax and immerse themselves in the atmosphere of the space.”

Homes at Four Seasons Private Residences Coconut Grove will feature nearly 11-foot ceilings complementing the spacious, open floor plans. Custom Italian kitchens designed by Molteni and Michele Bönan Interiors feature top-of-the-line European appliances and finishes, while bathrooms include Italian cabinetry and paneling complemented by Italian marble finishes. Each home will be accessed via private elevator, creating an intimate arrival experience, and will feature the latest in-home automation systems and lighting controls.

Designed to provide a luxurious and intimate residential experience, Four Seasons Private Residences Coconut Grove will offer an extensive amenities collection for residents, including a restaurant, library, state-of-the-art gym and yoga room, spa with cold plunge and hammam, children’s area and private event room, as well as an expansive pool deck and bar lounge serviced by Four Seasons. Residents will also enjoy the benefits of legendary Four Seasons service even without a hotel, including a dedicated Director of Residences, concierge, housekeeping and butler services, in-residence dining, valet and wellness programming, among other offerings.

Four Seasons Private Residences Coconut Grove will reflect the neighborhood’s refined, serene atmosphere, steeped in culture and connectedness. Residents will be in close proximity to the water and situated among the town’s beloved local boutiques, restaurants and some of the nation’s leading schools, creating a close-knit community and well-rounded walkable lifestyle.

The collaboration between CMC Group and Fort Partners is driven by the pair’s shared ambition to elevate the standard of living in a market that is yearning for true world-class real estate and hospitality. CMC Group has for years played a pioneering role in developing Miami’s skyline and reshaping the greater condo market in South Florida, while Fort Partners’ long-standing partnership with Four Seasons includes the development of the iconic Four Seasons Hotel and Residences at The Surf Club, Four Seasons Resort Palm Beach, Four Seasons Hotel and Private Residences Fort Lauderdale and ownership of Four Seasons Hotel Miami. Forthcoming developments under the Four Seasons flag are planned throughout Europe and the United States.

Indian Creek Residences & Yacht Club Sells Second Penthouse Asking $11.25 Million

Just a few months after the record-setting sale of the largest and most expensive penthouse on Miami's Bay Harbor Islands, Indian Creek Residences & Yacht Club has sold its second and final penthouse, a 5-bed, 5-bath and 2-powder room home last asking $11.25 million. Both penthouses have sold to New York-based buyers. Designed by Miami-based architect Kobi Karp with interiors by the acclaimed Zarifi Design, the eight-story waterfront building is home to nine luxury condominiums and six yacht slips, one of the only private yacht clubs in the area. Indian Creek Yacht Club & Residences is being developed by Landau Properties with sales overseen by OFFICIAL Partners. Construction broke ground in February.

Overlooking the uber-wealthy "Billionaire's Bunker" and Indian Creek Country Club, this boutique condo features just 9 homes and a private marina. The full-floor penthouse spans 5,164 square feet and offers 75 feet of unobstructed waterfront views, a private terrace, wine wall, home office, two kitchens and access to the development’s full amenity collection.

Indian Creek Residences & Yacht Club will offer a resort-style amenities package for residents. In addition to the yacht club complete with dockmaster concierge services, the curated amenities include a world-class spa with treatment rooms, state-of-the-art fitness center, outdoor yoga lawn, flexible entertainment lounge with high-fidelity sound system and bar, and landscaped rooftop terrace with a pool, dining area, outdoor kitchen and screening pavilion. The building also offers a full-time doorman, resident concierge and 18 private parking spaces.

Related Group and GTIS Partners Reveal Viceroy Brickell

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Naftali Group Breaks Ground on JEM Private Residences in Miami Worldcenter

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Imagery via Related Group