Avison Young Secures Office Lease At Boca Raton’s North 40 To Relocate Meisner Electric Headquarters

Avison Young has secured a new long-term lease for 15,172 sq.ft. at North 40 in the Park at Broken Sound in Boca Raton, a two-building office complex. Meisner Electric, Inc. the tenant will relocate its corporate headquarters from Delray Beach to the space at 901 Yamato Road to accommodate future growth. During the lease transaction Avison Young Principals Keith O’Donnell and Gary A. Gottlieb represented the landlord, PG Mainstreet North Forty, LLC, a joint venture between Mainstreet Capital Partners, Inc., and Partners Group. Meisner Electric also has offices in Miramar and Sarasota with a strategy to expand in other Florida markets in the future.  

“North 40 offers the opportunity for us to upgrade our corporate headquarter facilities to an ideally-located, high-quality space,” said Todd Gurne, President and COO of Meisner Electric. “After 43 years in Delray Beach, and now relocating to Boca Raton, we look forward to our continued growth as part of Palm Beach County’s business community.”

Boca Raton is one of the largest and more desirable office markets in Florida’s Palm Beach Country. According to Avison Young research, leasing activity was up countywide by a little less than 40% at the close of the third quarter following a tough second quarter with the country on a pandemic lockdown. COVID friendly office space is also now in high demand. 

“Along with its convenient location, North 40 is known for its efficient floor plate design, large air-conditioned atrium lobby allowing for social distancing, and on-site conference center, which were particularly attractive to Meisner Electric,” said Gary A. Gottlieb. “The tenant sought to consolidate its current multi-building corporate offices into one space that could accommodate future growth, and North 40 delivered.” 

Avison Young is a private company that provides value as a global real estate advisor. They provide healthy and productive workplaces for employees in cities that are prosperous.  

Melo Group Tops Off Construction At Downtown 5th

Construction has officially topped off on Melo Group’s East Tower of Downtown 5th, the largest multifamily development built in Downtown Miami’s Central Business District. The project is composed of two towers, with the West Tower expected to top-off later this month. The construction has been underway with rapid speed in the middle of a pandemic as the foundation pour was only 9 months ago. The development has completed an average pace of one floor every three days. The project is estimated to be complete in Summer 2021. 

“We’re bullish on the long-term future of Downtown Miami. Despite a global pandemic, we never stopped building for locals who want to live and work in the urban core,” said developer Carlos Melo, Principal of the Melo Group. “Our strategy has always been to build for what the market demands – and we’re seeing a continued need from the community for good quality, attainably-priced apartments in a convenient, walkable location with access to public transit and nearby amenities.”

Downtown 5th will have two 52-story towers and feature 1,042 rental apartments with ground floor retail. Preleasing is scheduled to begin in Spring 2021. Apartments will range from studio to three-bedrooms. Units will have balconies with views of Downtown Miami. Building amenities will include three swimming pools, fitness center, social room, game room and café. 

“Downtown Miami has evolved into a global destination for business and lifestyle. We’re seeing people moving and opening up companies here from major cities across the U.S. and abroad in search of lower taxes, improved quality of life, and reduced expenses,” said developer Martin Melo, Principal of the Melo Group. “As more and more businesses look to relocate or expand to Downtown Miami, we’re building housing for the thousands of employees that will come with them and need a place to live.”

Downtown 5th is located at 55 NE 5th Street, in the heart of Downtown Miami’s Central Business District. The location is within a short walk of Museum Park, AmericanAirlines Arena, Bayside Marketplace and Miami-Dade College’s Downtown Miami campus. 

Check Out This Estate In Southwest Ranches Listed For $13.15 Million

A massive estate in Southwest Ranches hits the market for $13.15 million complete with large guest house. The homes can be sold together or separate, a total of 7 acres, 15 beds and 18 bathrooms combined. The main house is modernly chic and called “The Seville.” What makes this house unique is the talking shower with disco lights and an “alexa-style” voice to interact with. The Seville features 7 beds, 8.5 bathrooms, gym, wine room, home theater and basketball court. The guest house has a Mediterranean inspired flare complete with a beach-like pool surrounded by palm treas. 5875 & 5925 SW 128th Avenue, Southwest Ranches is listed by Chad Bishop and Farah Lauenstein with ONE Sotheby’s International Realty.

ONE Sotheby’s International Realty Launches Pre-Listing Renovation Program ELEVATE

ONE Sotheby’s International Realty announces the launch of a white-glove, pre-listing renovation service called ELEVATE. The service offers a seamless solution that positions properties to sell for a premium price and designed to create value for the company’s clientele. ELEVATE will also help properties sell faster and avoid time sitting on the market.

“We are committed to offering our agents the best tools and luxury services in the industry to help them unlock peak value for their clients,” said ONE Sotheby’s International Realty president Daniel de la Vega. “ELEVATE is a high touch, high value program that aligns with our brand and the exceptional quality of service we offer across the board. Unlike the current financing options some other brokerages offer for pre-listing home improvements, ELEVATE handles the renovation itself from start to finish, with expert teams and no upfront costs.”

ELEVATE will allow sellers and agents to work together prior to listing a home or condo to transform the property with added value and competitive positioning. ELEVATE offers a curated team of experts for a stress-free experience. They will ensure the clients property stands out to sell at a higher price and faster than ever by assembling a team of skilled contractors to ensure all work meets superior standards to distinguish properties from the competition.

“ELEVATE is a game changer” says J. “Eddy” Martinez, sales associate at ONE Sotheby’s International Realty in Miami Beach. “I am preparing to list one of the top units at Continuum for over $10 Million and want to deliver maximum impact and value to my client. We are now working with the ELEVATE team to prepare the property for a successful launch.”

Palm Beach Towers Home Hits The Market For $3.95 Million

44 Cocoanut Row, Unit 426B/427B, located in Palm Beach recently hit the market. Supply is dwindling on the tropical island as many North Easterners are relocating to Florida and shifting the demographics of buyers. The extraordinary home is in Palm Beach Towers, a luxury condominium development steps away from the Breakers Golf & Beach Club.

The home has impeccable modern interior design including custom detailing throughout. The master bedroom includes a walk around vanity and floating wall panels. The home also features European oak floors, unique light fixtures and motorized shades on the windows which all have beautiful views from every room. The condo is perfect for entertaining with a large open family dining area and spacious kitchen.

Palm Beach Towers is the perfect location for any golfer or homeowner who wants to be near the beach, glitzy boutiques and restaurants. The building also features a pool, gym, restaurant, putting green, hair salon, tailor shop and access to many bike trails. 44 Cocoanut Row, Unit 426B/427B, is listed for $3.95 million with Simon Isaacs, Founder of Simon Isaacs Real Estate.

Check Out This $22 Million Fisher Island Penthouse Complete With Golf Cart

A Penthouse in the Palazzo del Sol building on Fisher Island has hit the market, listed for $22 million. The exquisite home is designed by Swiss firm Dome and complete with custom details flown in from multiple countries in Europe including Switzerland. The highlight of this home is it even comes with a $20,000 custom Garia golf cart. 

The residence features 5 bedrooms, 5 and a half bathrooms, library, home theater and family room. The private outdoor space is nearly 3,000 sq.ft. of oceanfront terraces with beautiful views of Miami Beach. 

Fisher Island is the perfect location for this stunning oceanfront home. It is a members-only 216-acre island off Miami beach. Residents typically travel around the island in golf carts to access the private beach club, restaurants, golf and tennis courts. 

7085 Fisher Island Dr #7085 is listed by Allan Kleer & Fabian Garcia-Diaz with ONE Sotheby’s International Realty. The listing price of $22 million includes the $20,000 golf cart and comes fully furnished.  

CocoWalk Announces New Fashion-Focused Retailers Ahead of Fall Reopening In Coconut Grove

CocoWalk, one of the most highly anticipated mixed-use projects in Miami, has announced new clothing concepts to join their lineup. The open-air lifestyle center is bringing new tenants and energy to the Coconut Grove neighborhood. It is slated to begin its phased reopening later in the Fall along with new fashion-focused tenants. CocoWalk features 150,000 sq.ft. of prime retail and dining space that is currently 80% leased. New brands include Free People Movement, Europann and Late Night Gypsy.

“Our aim is to return CocoWalk to its former vitality by bringing in carefully curated tenants attuned to the wants and needs of the local community and surrounding neighborhoods,” said Stuart Biel, senior vice president of regional leasing at Federal Realty Investment Trust. “FP Movement, Europann, and Late Night Gypsy are cool and original apparel concepts that will not only enhance the center Grove’s retail offerings but will bring the community together for unique experiences.”

CocoWalk offers new tenants the opportunity to launch new concepts and test the market in prime retail space. Free People Movement is by the Philadephia based boho fashion house Free People. Their new line will offer customers fashionable athletic wear from a brand they already know and love. Europann is a men’s clothing line from Saint-Tropez, introducing the French Riviera style of prints and bold colors to Miami. Late Night Gypsy will offer trend-setting vintage clothing concepts from Los Angeles. Their brands include For Love and Lemons, Lavish Alice, Jen’s Pirate Booty and Band of Gypsies. 

“I’m excited to bring the trendy, street chic style of Los Angeles to the colorful spirit of Miami,” said Allegra Wynne-Kaplan, founder and owner of Late Night Gypsy. “Growing up in Miami, I always loved Coconut Grove’s enchanting vibe and unique energy – and after 15 years in Los Angeles, I’m ready to return to my roots, by opening my first storefront location at CocoWalk in the Grove. The artsy and free-spirited nature of the neighborhood perfectly aligns with Late Night Gypsy’s brand, mission, and image, and I look forward to being part of the Grove community once again.”

The three new retailers will join CocoWalk’s existing list of chic, diverse and international shops and restaurants. The list includes Planta Queen, Sushi Garage, Mister 01 Extraordinary, Botanico Gin & Cookhouse, Salt & Straw, Sweetgreen, Narbona Natural Foods & Farm Market, Bluemercury, Edward Beiner, Edite Mode, Palma de Leon, The Spot Barbershop and The School of Rock. The bespoke lineup of CocoWalk brings a new age of fashion, beauty and lifestyle to Coconut Grove. 

Miami Beach Home Built To Replicate Aman Resorts Hits The Market Asking $15 Million On The Venetian Islands

Casa Aman, an ode to the reputable Aman resorts, has hit the market for $14.995 million on Venetian Islands. The Miami Beach home was built by Michael Horvitz, a well-established entrepreneur in real estate, design and home furnishings. 

Horvitz built the home to demonstrate a passion he has for enjoying the Aman Resort collection brand worldwide, which is known as a pioneer of hotel design. Casa Aman was built in 2020 and mimics the flawless and sophisticated design of Aman Resorts. 

Casa Aman features 5-bedrooms, 4-bathrooms and 2-half-baths. What makes this waterfront home most unique is the panoramic rooftop lounge complete with a putting green. The home has over 5,400 sq.ft. of living space with many common areas, balconies, infinity pool, hot tub and outdoor kitchen. There is also a concrete dock with multiple power sources and double jet ski lift. The interior is modern minimalistic with Portuguese Limestone in the bathrooms and patios, French oak floors and matte finishes throughout. 

45 East Dilido Drive on Venetian Island is currently listed for $14.995 million with Darin Tansey of Douglas Elliman. 

The Development Of Miami's Most Expensive And Deepest Underground Parking Garage Is Underway

Una Residences condominium will soon have Miami’s deepest underground parking garage with construction underway. The garage will reach nearly 50 feet and three stories below sea level and will become the most expensive underground parking garage in Miami costing developers $25 million to build. The subterranean parking garage will be 100,000 sq.ft. and house 236 cars for Una Residences, located on Biscayne Bay waterfront in Brickell and estimated to be complete in 2023. 

Una Residences is developed by OKO Group and Cain International with design by architects Adrian Smith + Gordon Gill. The luxury condominium will be nearly 600 feet tall once the project is complete. The underground parking garage will be one of a kind and hidden underground to maximize the condo’s waterfront views without any obstruction. This approach is very expensive and contracts the usual development strategy in South Florida that typically features a pool deck on top of several levels of parking to hide the garage. 

“OKO Group has extensive experience with subterranean construction, with our firm’s Capital City mixed-use development in Moscow encompassing a six-level garage for over 2,000 vehicles built 72 feet deep underground adjacent to the Moscow River,” said Ahmet Oktay Cini, Chief Operating Officer of OKO Group. “When conceptualizing the design for Una Residences in Miami, we envisioned a similar urban-style, efficient tower that would maximize as much space as possible for the use of residents and showcase the site’s waterfront views. The result was a modern condo tower without a parking podium, meaning more square footage for luxury amenities and residences.”

Civic Construction is the general contractor of the building who has taken on the task to build an underground garage that does not flood. They have developed a deep-soil-mixing construction process that will form a base of the garage underground to avoid flooding. 

“A below-ground garage of this caliber costs triple the amount of a typical parking garage. This kind of major investment in underground construction has never been seen before in Miami,” said William Real, President of Civic Construction Company. “The developers of Una Residences are sparing no expense when it comes to top-notch construction quality and efficient design, which will ultimately deliver a superior product for residents.”

The base of the garage is slated to be complete in early 2021, from there ground-level vertical construction will commence. The Una Residence tower is estimated to be complete in 2023. Residences are located at 175 SE 25th Road and prices start at $2 million up to $21.6 million for a penthouse. The luxury residence will rise up 57 stories and not only house Miami’s deepest underground parking, but offer residents beautiful views of Biscayne Bay and the Miami skyline. 

Check Out This Mediterranean Inspired Estate In Fort Lauderdale Listed For $13.75 Million

2900 NE 37th Street, Fort Lauderdale, is listed by ONE Sotheby’s International Realty for $13.75 Million. The Mediterranean inspired waterfront estate looks like you have traveled to Europe. The estate encompasses almost 24,000 sq.ft. featuring 9 bedrooms and 13 bathrooms on a little more than 1 acre of land with 665 feet of waterfront dockage. The estate also features an oversize pool, putting green, rock-climbing wall, sunken swim up patio bar and hair salon making this the perfect work hard-play hard home. The estate is complete with a 7-car garage along with smaller guest house on the property. 2900 NE 37th Street is listed by Sandra Tagliamonte and Madison Collum with ONE Sotheby’s International Realty.