Crescent Heights Aims to Bring Citizen M Hotel to 1212 Lincoln Road

Crescent Heights is aiming to bring a Citizen M Hotel to 1212 Lincoln Road. The developer recently applied to the city for approval to modify the existing proposal by bumping the room count up to 168 from 100 by creating "pod" style rooms, some of which are under 218 SF. They also requested a variance to operate 2 LED billboards which would display graphics that are inspired by the murals that currently exist on the current building. Citizen M is a Netherlands-based affordable luxury hotel chain with hotels in London, Paris, New York, Taipei, Glasgow, Rotterdam and Amsterdam, amongst others. The updated plans will be reviewed by the Miami Beach Design Review Board on October 3. 

1 Hotel & Homes Appoints Douglas Elliman's Tracy Galya As New Residential Sales Director

1 Hotel & Homes South Beach, the trailblazing, eco-friendly, LEED-certified oceanfront property inspired by nature and crafted from sustainable materials, announced today (September 27, 2017) that Tracy Galya, a 1 Homes top-producer, has been promoted to Residential Sales Director. As the director of high-end sales for the Miami-based Bill and Bryan Team at Douglas Elliman in 2016, Galya had more than $100M in active listings andthe team was honored by Douglas Elliman as the brokerage’s No. 3 team in the State of Florida.
 
At 1 Hotel & Homes South Beach, Galya will oversee the sales of the final penthouse residences and lead a team of top real estate professionals. 

“We are delighted to welcome Tracy (Galya) as the new sales director of 1 Hotel & Homes South Beach,” said Camille Douglas, Senior Managing Director at LeFrak, the project’s developer. “She was previously our top-producer, and we are delighted to now have her in this well-earned, pivotal role. Tracy is well-equipped with unparalleled, in-depth knowledge of South Florida’s luxury market. Coupled with her relentless work ethic, her connections across the business and philanthropic communities, and resources within Douglas Elliman, her leadership will give our project yet another competitive edge.”
 
1 Hotel & Homes features 155 estate-size residences atop the 425-room luxury oceanfront resort that was the brainchild of Barry Sternlicht, Chairman of Starwood Capital Group and Richard LeFrak, Chairman of LeFrak. 1 Hotel & Homes is now nearly 90% sold with current inventory including Penthouses priced from $4 million, ranging in size from 1,694 SF to 4,207 SF; and select other residences priced from $3.2 million encompassing 1,481 - 2,434 SF. Penthouse units feature interiors by award-winning Brazilian architect Debora Aguiar, as well as top-of-the-line Artefacto furnishings. 1 Hotel & Homes offers a variety of private amenities as well as shared with the hotel, all with a natural approach to wellness and echoing the eco-conscious design of the residences. Amenities include a private residence entry and staff, 4 restaurants with fresh organic food from award-winning chef Tom Colicchio, a Mindfulness Program that offers yoga and meditation, the visionary new Bamford Haybarn Spa from London, 600' of beachfront, 4 oceanfront swimming pools, and a 14,000 SF Spartan Gym. 

Featured Listing: Pine Tree Drive Estate Owned by Brazilian Developer Victor Malzoni Lists for $26 Million

A absolutely stunning Pine Tree Drive estate on Miami Beach known as “The Levitating Geometry," and owned by Brazilian developer Victor Malzoni has hit the market for $26 million. The contemporary mansion, which was designed by Kobi Karp, features 8 bedrooms, 9 bathrooms and 13,178 SF. The design was inspired by Le Corbusier and is elevated to create a floating feel. The home also includes telescoping doors for the ultimate in indoor/outdoor living, private gym, separate guest house, movie theater, koi pond, waterfront half-court basketball court, Guggenheim inspired spiral staircase, roof deck with 360-degree views, pool and water-frontage on Indian Creek. 4647 Pine Tree Drive is currently listed for $26 million with Charles Andrews of Sotheby’s.

Stantec-Designed Mixed-Use Project Proposed at 1600 Washington, Bringing 134 Residential Units 1 Block From Lincoln Road

A 10 story mixed-use project designed by Stantec has been proposed at 1600 Washington Ave. The project is located 1 block away from Lincoln Road and would feature 134 residential units along with 12,863 SF of ground floor retail. Units would range from 1 to 2 bedrooms and be an average of 1,110 SF. The proposal was scheduled for review by the Planning Board on September 26, but will most likely be deferred.

The Iconic Flamingo South Beach to Undergo Massive Renovation Overseen by Stantec

Aimco is planning a massive renovation designed by Stantec at the iconic Flamingo South Beach on the north and central towers. The Miami Beach Design Board Review will meet October 3 to review the proposal. The renovation would include adding retail and restaurant space as well as reducing the number of units in the north tower from 614 to 446 while boosting the size of the residences. 

Featured Listing: Fly Through the Contemporary Palm Island Mansion With a 15' Waterfall Asking $29.5 Million

Palm Island has been hot through 2017 and there is another stunner on the market. 73 Palm Avenue is a 13,676 SF waterfront villa designed by Choeff Levy Fischman that features 9 bedrooms, 10 bathrooms and 1 powder room. The two-story contemporary also features a private rooftop terrace, disappearing sliding glass doors to optimize indoor/ outdoor living, 15' cascading water feature that empties into a reflecting pond with large stepping-stones creates a floating illusion and greets guests at the home’s main entrance, a statuesque three-story staircase, LED lighting, custom Italian kitchen, Crestron automated smart home, home theater, wine cellar, fully furnished throughout with Minotti, Poliform and other fine furnishings, 4-car garage suites and an elevator. Outdoors, the home features a 2,500 SF roof top terrace with summer kitchen, oversized infinity-edge pool, a secluded hot tub off the master bedroom terrace and 100' waterfront frontage. The home was designed around the giant Banyan tree located near the water in the backyard. 73 Palm Ave. is currently listed for $29,500,000 with Mirce Curkoski and Albert Justo of One Sotheby's International Realty.

Featured Listing: Wake-Up in This Idyllic South Beach Penthouse In The Luxurious Setai

Enjoy absolutely breathtaking views of Miami Beach and Downtown Miami from this decked out penthouse at the five-star Setai Miami Beach which is currently asking $12,150,000. The unit covers 3 bedrooms, 3 bathroom and 1 half-bath over 3,571 SF. It also features 14' ceilings, Italcraft kitchen, wine cooler, luxurious marble master bathroom with soak-in tub overlooking South Beach, Lutron/ Crestron smart-home technology, and private outdoor space. The unit also allows access to the five-star amenities of the Setai Miami Beach including pools, spa, fitness center, concierge, room service, etc. 101 20th Street PH-VC is currently listed for $12,150,000 with Bill Hernandez and Bryan Sereny of Douglas Elliman.
 

Featured Listing: Step Inside The Beach House, A South Beach Landmark That Is South-of-Fifth's Most Exclusive Single-Family Residence on Ocean Drive

Located at 222 Ocean Drive, The Beach House is the most exclusive single-family residence in South-Of-Fifth. In fact, it is the only single-family residence on Ocean Drive in the entire neighborhood. Located directly on Ocean Drive, The Beach House is walking distance from all the best South Pointe has to offer including Milos, Prime 112, Il Mulino, and Joe's Stone Crab amongst others. The residence features 4 bedrooms, 4 full bathrooms and 2 half-baths spread over 7,056 SF. The home also features a home theater, wet bar, fireplace, 2 car garage, wine valut, private rooftop sundeck with summer kitchen and pool, along with a Guggenheim-style spiral staircase and 20' ceilings. The Beach House was originally built in 1930 and was renovated by Briggs Edward Solomon. 222 Ocean Drive is currently listed for $13,995,000 with John Sandberg, Ann Nortmann and Tracie Hamersley of Douglas Elliman.

Terra, New Valley, Great Eagle Holdings and Bizzi & Partners Secure $155 Million In Construction Financing for Eighty Seven Park, Prepare to Commence Vertical Construction

Terra, New Valley, Great Eagle Holdings and Bizzi & Partners, the partners behind Eighty Seven Park, Renzo Piano’s first residential project in the U.S., have finalized a construction loan that will open the door to vertical construction. The loan is for $155 million in construction financing from United Overseas Bank. Terra has reported that the building is now over 60% sold with a sales volume of over $250 million. The start of vertical construction follows initial site work that involved placing 300 foundation pilings into the ground.

“Local and international buyers are responding to Eighty Seven Park’s brand of intelligent luxury, with more than sixty percent of our sixty-six units now sold,” says Terra president and co-founder David Martin. “Eighty Seven Park’s singular location, combined with Renzo Piano’s sophisticated design and the equity we’ve built through pre-construction sales, have created a powerful combination that put us in position to secure construction financing.”

“Buyers seeking oceanfront living in Miami Beach have many options, and Eighty Seven Park is the most desirable among them as evidenced by our sales success,” says Howard M. Lorber, chairman of Douglas Elliman Real Estate and CEO of Vector Group, the parent company of New Valley. “Our project offers the amenities, exclusivity and sophisticated design that today’s most discerning buyers are looking for.”

“IRR Miami’s market forecasts indicate that the only new projects that will get started over the next 24 months are those sponsored by the strongest developers,” explains Anthony Graziano, chairman of Integra Realty Resources and senior managing director for IRR-Miami/Palm Beach. “The strength of Eighty Seven Park lies in its location, design, and the experience of the development team that Terra has assembled. This is another example of Terra’s ability to deliver bold projects in irreplaceable locations.”

Eighty Seven Park is located on Collins Avenue in North Beach at 87th St. and Collins, which is the northern-most parcel of land in Miami Beach. Eighty Seven Park will be an 18 story glass tower with expansive, unobstructed views of the Atlantic Ocean, Miami Beach and Biscayne Bay. The building was designed by famed designer and Pritzker Prize-winning architect Renzo Piano Building Workshop in collaboration with RDAI, West 8 designed the landscape architecture and Ruben and Isabel Toledo will handle branding and marketing material. Eighty Seven Park will feature 68 residences that range from 1 to 5 bedroom layout and 1,400 SF to over 7,000 SF. Pricing ranges from $1.6 million to $15.2 million. There will also be a full-time concierge and butler service, smart home and building technology and five-star amenities including a salon, resort style pool with full-service bar, valet, security, library and on-site enoteca complete with on-site wine tasting. Eighty Seven Park is expected to be completed in 2018.

Brazillian Billionaire Jose Isaac Peres Sees Backlash to His Proposal for 5775 Collins Ave

Brazillian billionaire Jose Isaac Peres has seen a backlash from neighbors over his proposal for 5775 Collins Ave in Miami Beach. Resident's complain of a "Condo Canyon" effect which is caused by newer building taking up the entire lots they are built on in terms of width. This would block partial views of the ocean as well as limit public access  to the beach. The building is being designed by Arquitectonica and would rise 17 stories and feature 89 units. The building would also feature 2 levels of semi-subterranean parking. The proposed tower is outfitted with white stucco-tipped slabs with a glazed glass skin on the units. The balconies appear to be finished with with a warm brown wood, with planks oriented and glass rails. The proposal will head to the Design Review Board in December.