Robert Wennett Lists Skyhouse 11 Atop The Herzog & de Meuron-Designed 1111 Lincoln Road For $35 Million

Robert Wennett, the developer behind the Herzog & de Meuron-Designed 1111 Lincoln Road, has listed the penthouse atop the iconic parking garage for $34 million. The skyhome is really a hybrid of an massive high-rise condo blended with the space, privacy and livability of a single-family mansion. The skyhome features 7,700 SF of indoor space and an enormous 18,000 SF of outdoor space with landscape design by Raymond Jungles. The unit is spread over 7 bedrooms and 11 bathrooms and a guest house. Unique features include sliding Starphire glass walls throughout for immaculate views of South Beach, Biscayne Bay, Miami Beach and the Atlantic Ocean; 11' ceilings, white oak floors and ceilings, European mahogany elevator, skylights in every bathroom, and a library.The expansive outside space features landscaping and gardens taking the sloping design of the parking structure matched with Roberto Burle Marx-style pavement as well as a wet bar, summer kitchen and pool. 1111 Lincoln Road Skyhouse 11 is listed for $34 million with Jill Hertzberg and Jill Eber of The Jills at Coldwell Banker.

1111 Lincoln Road is an award-winning, mixed-use parking garage designed by Herzog & de Meuron in 2010, that has become an iconic part of Lincoln Road, Alton Road and South Beach. The 7 story, exposed concreted, mixed-use parking structure itself features 94,488 SF of office space, 51,839 SF of retail space, and a 300 parking spaces which can also be used as event space. Ground floor retail space has floor-to-ceiling glass storefronts with high ceilings along with another retail space located on level 5 that also features floor-to-ceiling glass to provide amazing views of the Miami skyline. Bayerische Versorgungskammer (BVK), a German investment fund, purchased the iconic, mixed-use parking garage and includes adjacent retail space at 1664 Lenox Avenue and 1666 Lenox Avenue from developer Robert Wennett for $283 million. BKV financed the purchase with a $66.85 million mortgage from Universal-Investment-Gesellschaft mBh. Wennett originally purchased the properties for $23.5 million in 2005 before undergoing heavy development. Wennett is planning a major redevelopment project in Allapattah. 

Photography by Luxhunters

Zaha Hadid's Personal W South Beach Condo Cuts Price To 6.5 Million

The price at Zaha Hadid’s W South Beach  condo has been cut to $6.5 million, down $3.5 million from the original list price. PROFILEmiami first reported in May that the late starchitect’s W South Beach condo had hit the market asking $10 million after her passing in March 2016. The oceanfront unit is 2,299 SF featuring 3 bedrooms and 4 bathrooms. The duplex unit is 2 combined floor plans with balconies wrapping the east and south. The custom furniture by the late "Starchitect" can be purchased separately but included is a separate guest apartment, which is a one bedroom facing southeast. The unit is listed with ONE Sotheby’s Ivan Chorney and Angelica Garcia. Check-out the video tour below.

Photos by Zignavisual

Featured Listing: Relax In A Private, Luxurious Beachside Oasis in South-Of-Fifth's 321 Ocean

321 Ocean Drive, designed by Enrique Norten, is one of South-of-Fifth's most sought after residential buildings, featuring 21 hyper-luxurious, oceanfront residences. Unit 500 is no exception; the residence features 4 bedrooms, 4 full bathrooms and 1 half-bath spread over 3,871 SF. The unit also features dramatic ocean views from the open, flow through floor plan and 10' deep balconies, as well as direct access private elevators, a gourmet kitchen by Poggenpohl, Gaggeaunau & SubZero appliances, and stunning finishes including ornate marble work in the elevator foyer and master-bathroom. Amenities at 321 Ocean include direct access to the beach from the ocean front pool, stunning landscaping designed by Enzo Enea, full time staff, 24 hour valet parking, private fitness center, library/media room and beach service. 321 Ocean Drive Unit 500 is listed for $11,000,000 with Mario Kroeff of Douglas Elliman.

Lincoln Road Macy's To Be Replaced By DOMO-Designed 1675 Meridian

1675 Meridian, a new concept designed by DOMO Architecture + Design which was first revealed last year, will reportedly replace the Macy's at Lincoln Road in South Beach. In September 2016 PROFILEmiami reported that Macy's was quietly marketing the remainder of leasehold for their Lincoln Road location. Located at 1675 Meridian Avenue, the building as it stands now is 98,610 SF and Macy's has 33 years left on the lease and could go for about $80 million. It is one of the largest retail spaces available in the area.

Target To Open Its First Ever Store In South Beach At BLVD At Lenox

Target has announced that they will be opening a new small-format store in South Beach. The store will be located at the new BLVD at Lenox retail development located at Fifth Street and Lenox Avenue. The location will be Target's first ever in Miami Beach and will be 33,000 SF. The BLVD at Lenox was designed by Zyscovich Architects and is being developed by the Comras Company. The project will rise 4 stories on the lot which was once the Ivy nightclub and will feature 27,000 SF of ground-floor retail along 227 parking spaces. Groundbreaking is expected for 2018 with completion in the spring of 2019. 

“Target has been seeking the ideal location for a small-format store in Miami Beach, so we’re thrilled to be part of the BLVD at Lenox shopping complex to conveniently serve residents and tourists with a unique product assortment that only Target can provide,” said Target Senior VP of Properties Mark Schindele.

SHOMA Group Celebrates Unveiling of The Sales Gallery at Eleven On Lenox With South Beach Soiree

Sales are officially underway at SHOMA Group's luxurious Eleven on Lenox in South Beach after the developer hosted a swanky South Beach-style Soiree to officially open the on-site sales gallery (November 2, 2017). SHOMA Group is one of South Florida’s most prolific real estate development firms with a nearly three-decade track record of successfully delivering developments. More than 200 of the Miami’s leading real estate brokers and VIPs joined Masoud Shojaee, President and Chairman of SHOMA Group, in commemorating the luxurious coastal retreat, comprised of 11 beach-inspired homes in the heart of South Beach.
 
Guests at the Eleven on Lenox sales gallery premiere enjoyed VIP treatment, which included an exotic, living wall step-and-repeat, champagne bottle service and tunes by resident South Beach DJ YSL. The event also provided a first look at the project’s refined finishes designed by five-time Architectural Digest’s Top 100 Interior Designers, Charles Allem and scale model created by internationally recognized firm, Zyscovich Architects. The developer announced that brokers will receive 50% commission immediately after the rescission period, which was followed by a champagne sparkler parade and confetti shower, which closed the event in true South Beach style.

Featured Listing: Step Inside a Classic Allison Island Waterfront Designed by Maurice Fatio

There are few escapes like 6420 Allison Road on Miami Beach's Allison Island. The classic property was designed by Maurice Fatio, who also designed Palm Beach's Il Palmetto estate and the Vanderbilt Mansion on Fisher Island. The villa is spread over 6,911 SF with 7 bedrooms, 6 full bathrooms, 1 half-bath and was first built in 1935. Outside, the residence features lush tropical landscaping including banyan trees to create your own relaxing oasis of tranquility, 135' of waterfront with private dock, private courtyard with fountain, putting green, and a pool with hot tub which overlook Indian Creek. Inside, a billiards room, chef's kitchen, Florida room, staff quarters, keystone terraces, guest quarters, and hand-painted murals by Ricardo Blum round out the estate. 6420 Allison Road is currently listed for $8,499,000 with Nancy Batchelor of EWM Realty. 

HFZ Cancels Fasano Residences Miami Beach At The Shore Club Hotel

HFZ Capital Group has canceled the Fasano Residences Miami Beach, a 67-unit luxury condo project planned for the Shore Club Hotel property, which is currently managed by Morgans Hotel Group and owned by HFZ Capital Group. HFZ is currently in the process of returning deposits to buyers and began alerting their clients on Friday (10/2717) of the news. The project had sold 35-30 units, roughly 40%-45% of the project. The delayed closure of the Shore Club Hotel, which continued to take reservations into 2018, had caused confusion amongst buyers as had the rumored withdrawal of the Fasano brand, the luxurious Brazilian hospitality moniker. No construction permits had been filed and the developer reported that the market for construction financing on Miami Beach had dried out. HFZ Capital Group via the entity Shore Club Property Owner LLC purchased the Shore Club for $175.3 million in 2013 and planned to convert the 309-key hotel into a 85-key hotel with 67-condos under the watchful eye of Brazilian Architect Isay Weinfeld. The project would have been the first Fasano branded project in the United States, which has 4 hotels and 15 restaurants under management. 

The Penthouse at The Holly Hunt-Designed L'Atelier Residences Sells For $21 Million

The penthouse at L’Atelier Residences on Miami Beach as sold for $21 million. The buyer is KAYAK cofounder Steve Hafner who was able to lock down the spread that was originally asking $33 million off-market and later $25 million when first publicly listed. The sale price equates to $1,721 SF. The penthouse features 7,945 SF of interior space and 8,521 SF of outdoor space spread over 6 bedrooms and 6.5 bathrooms on the 17th and 18th floors. The unit also features a private rooftop with 40' pool and summer kitchen, a floating staircase, private elevator, 22' ceilings, and 360-degree views of the Atlantic Ocean, Biscayne Bay, Intracoastal Waterway, Miami Beach Skyline and Downtown Miami. Anna Sherrill and Daniela Bonetti of ONE Sotheby's International Real Estate were the list agents.

L'Atelier Residences is being developed by SMG Management, Shamrock Holdings and W Capital Group. The 18-story residential tower replaces the Golden Sands Hotel, but will still preserve the hotels historical 3-story facade and incorporate it as part of the new building's design. The building will feature 22 residences in 3 and 4 bedroom formats and will range from 2,300 SF to 4,600 SF. The building will feature amenities by HOLLY HUNT and Enzo Enea including a private beach area with attendants, infinity swimming pool, upper deck lap pool, 24 hour valet, Spa and state-of-the-art gym. This exciting building is sure to shake up the aging area between lower Miami Beach and Bal Harbor. 

Laure Tirouflet and Jose Carlo-Designed Boutique Hotel Approved on Indian Creek Drive in North Beach

The City of Miami Beach’s Design Review Board and Planning Board approved a newly proposed hotel to rise at 7128 Indian Creek Drive in North Beach. The hotel will be developed by IC Property Capital Corp and is being designed by Miami Beach-based architects Laure Tirouflet and Jose Carlo. The hotel will be built with "future street raising in mind" and the design includes 16-hotel rooms, underground parking, a rooftop pool deck, and graphic mosaic pattern on the front façade masking the garage and architectural treatments running along the spine of the elevator shaft. The community has an upcoming ballot in which Miami Beach voters will have the chance to approve or strike down the master plan to reenergize North Beach with a new downtown from 71st Street between Collins Avenue and Indian Creek Drive. 

“This is the type of beautifully designed, boutique hotel that people have been waiting to see in North Beach and dovetails nicely with the community’s Master Plan vision for this area,” said Greenberg Traurig Miami Real Estate Shareholder Ethan B. Wasserman, who represented IC Capital before the board. “Its location is ideal: in the Town Corridor just north of 71st Street and within walking distance of the ocean and park, as well as the local commercial sector that includes restaurants and other venues.”