Black Lion Purchases Iconic Hospitality Destination In Miami Beach's South of Fifth Neighborhood

Black Lion has acquired an iconic restaurant space in Miami Beach’s South of Fifth neighborhood. The property is located at 200 South Pointe Drive, in front of the luxury Continuum Residences condo development. Black Lion is preparing to announce flagship restaurant concept which will be new to the Miami market. The property was formerly Cibo Wine Bar South Beach and is steps away from the beach and South Pointe Park. The 12,000-square-foot venue was purchased from Ian Bruce Eichner of The Continuum Company for $11.5 million, who developed the building, and brokered by Phil Gutman of PGutman, LLC and Pablo Camposano of Colliers International.

“We are excited to introduce something special to Miami Beach,” shares Robert Rivani, President of Black Lion. “Through relationships with high-caliber hospitality groups, we are able to create once in a lifetime opportunities that set the precedent for up and coming cities and curate unique lifestyle experiences at our properties. The soon-to-be-announced concept at 200 South Pointe Drive is no exception.”

The prime mixed-use retail/ restaurant space feature an open, multi-storied layout which allows for flexible design options and prominent branding opportunity with high visibility signage from two locations. Features include 19’ – 22’ ceilings, an outdoor courtyard and a rooftop lounge accessible by elevator.

This property is the latest addition to Black Lion’s growing South Florida portfolio of mixed-use, restaurant and hospitality commercial investments. Led b Robert Rivani, the company’s recently announced several Miami projects and acquisitions including Brickell Bay Boardwalk, Wynwood Jungle, Amara at Paraiso in Edgewater, new venues at Marea South Beach, and a yet-to-be-named restaurant concept on the ground level of the SLS LUX in Brickell.

Urbanica Sells Meridian Hotel To Miami-Based Investment Firm

The Urbanica Meridian Hotel, located at 418 Meridian Ave on Miami Beach was recently sold by Urbanica, the group responsible for facilitating the revitalization of the dwindling Fifth Street Corridor through their development of staple lodging, food, and beverage establishments. The hotel sold to Miami-based investment firm, Cambridge Lansdowne, for $30.5 million. Paul Weimer and Christian Charre of CBRE represented both the buyer and seller.

The Urbanica ownership team, Charlie Porchetto and Diego Colmenero, are now focusing on their new flagship projects, the largest within their hotel portfolio, including Urbanica Beach located in the North Beach neighborhood at 6747 Collins Avenue. The development, which includes 200 rooms and two pools, will be home to multiple restaurants and entertainment facilities. Urbanica has also acquired a property in the up and coming Edgewater area of Miami, Urbanica Biscayne at 3200 Biscayne Blvd. The hotel also offers 200 rooms for guests, 7,000 square feet of event space, and a number of conference, dining, and leisure options.

“We had a great opportunity to bring Urbanica Hotels to Miami seven years ago and contribute to the revitalization of Fifth Street, and did so with our first location of Meridian Hotel,” says Charlie Porchetto. “We’re proud of what this location has done for the neighborhood, and are looking forward to stepping into Edgewater and North Beach with these new properties, areas that have the same potential for growth as we saw with Fifth Street on Miami Beach.”

In Miami, Urbanica continues to own and operate the Urbanica Euclid and Urbanica Fifth hotels, both located on Fifth street on Miami Beach.

30 Palm Avenue On Miami Beach's Famed Palm Island Hits The Market For $43 Million

A contemporary estate located at 30 Palm Ave. on Miami Beach’s famed Palm Island has hit the market for $43 million. Magnificently redesigned, the 2-story waterfront estate on guard-gated Palm Island is situated on a manicured 32,000-square-foot lot, offering 100 feet of sparkling waterfront on Biscayne Bay. The 13,144-square-foot bright and airy gated residence features nine bedrooms (including two staff rooms), eight bathrooms, and one half-bathroom. The residence is being sold furnished and is listed with Jill Eber and Jill Hertzberg of The Jills Zeder Group, affiliated with Coldwell Banker Realty in Florida.

“This stunning modern waterfront home located in the prestigious estate section of guard-gated Palm Island is ideal for a family or couple wanting incredible amenities as well as an amazing estate-sized lot,” said Jill Eber of The Jills Zeder Group. “The property’s southern exposure provides natural light to flow through tall walls of glass into the home to enjoy true indoor-outdoor, luxury living at its finest.”

30 Palm Ave. features distinctive features include large plank rich hardwood floors, an interior elevator, pet room, full waterfront gym, movie theater with 11 comfortable leather recliners and a 132” projection screen, and an additional second-floor family/media room plus waterfront recreation room.

The residence offers an expansive living room and dining area boast soaring ceilings, are separated by a custom-built stone wall for privacy, and lead to a beautiful family room. The gourmet kitchen features a black granite center island, countertops and backsplash; top-of-the-line Wolf gas range, two Sub-Zero refrigerator/freezers, custom cabinetry, a butler’s pantry, and industrial-sized walk-in freezer.

The private second-floor principal suite is surrounded by walls of glass, and features a large private terrace overlooking the pool deck below with views to the water. The principal bathroom boasts exquisite Carrara marble walls and floors, a full walk-in rain shower with dual shower heads, sunken spa tub with water jets, and separate water closets. The additional eight bedrooms are spacious and uniquely designed.

The tropical outdoor area features a large pool with a Jacuzzi, coral stone-paved pool deck, professionally designed landscaping with tropical plants and soaring palms, full outdoor lighting, comfortable covered seating areas, a summer kitchen and capturing views to the downtown skyline. The residence also features a private 100-foot IPE wood dock that can accommodate a large vessel, and direct access to Biscayne Bay and the Atlantic Ocean. The home offers parking space for 12 cars, as well as a 4-car garage.

Located just south of Hibiscus Island, Palm Island is a man-made island in Biscayne Bay. The entire island encompasses 82 acres and offers amazing vistas of the downtown Miami skyline and breathtaking sunset views. It is ideally located just minutes from downtown Miami, Miami Beach and the beaches, fine dining and shops, cultural venues, the Design District, prestigious schools and Miami International Airport.

“Palm Island is one the most sought-after residential locations in South Florida,” said Jill Hertzberg of The Jills Zeder Group. “Embodying the pinnacle of South Florida waterfront luxury living, this exclusive island beckons with breathtaking views and proximity to the best attractions and schools Miami has to offer.”

Images via 1OAK Studios

Mast Capital and Starwood Capital Group Launch The Perigon, Currently Miami-Beach's Only Beachfront Pre-Construction Condo

A joint venture between Mast Capital and an affiliate of Starwood Capital Group led by Barry Sternlicht has announced the launch of reservations at The Perigon, Miami Beach’s only pre-construction, ultra-luxury condominium directly on Miami Beach’s oceanfront. Designed by a team of the world’s most respected design luminaries, The Perigon will become one of the most recognizable buildings in the Mid Beach neighborhood, and will be the area’s first residential project designed by OMA New York, the internationally acclaimed firm founded by Rem Koolhaas.

Situated at 5333 Collins Avenue along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon was conceived as Miami Beach’s premier destination for oceanfront living. Its bold, terraced design rises 17 stories above the shoreline, and features elegant interiors by Tara Bernerd, the inimitable interior architect known for her hotel and private yacht projects. The tower also offers a seamless connection to nature, via lush gardens and serene water features envisioned by Gustafson Porter+Bowman, the landscape architecture firm responsible for redesigning the green space at the Eiffel Tower and delivering the powerful Princess Diana Memorial Fountain in London’s Hyde Park.

Featuring 82 residences, The Perigon offers spacious two- to four-bedroom residences designed by Tara Bernerd, with light-filled open floor plans ranging in size from 2,100 to 6,700 square feet. The estates in the sky include the highest quality finishes, direct water views, 10-foot ceiling heights, 10- to 12-foot deep wraparound terraces and custom Italian kitchen cabinetry designed by Tara Bernerd. They will blend the intimacy of a single-family villa with the vistas of a high-rise tower, taking advantage of the building location’s unique potential for dual-waterfront living.

The architecture at The Perigon is another key component to the condominium’s high-end lifestyle. OMA designed the building as a series of “towers,” rotated to orient and enhance views from all residences toward the Atlantic Ocean, while also optimizing views of Biscayne Bay and the Miami skyline overlooking Miami Beach. The towers are merged and lifted into a singular form that responds to the panoramic views and frees the ground-plane below, creating the appearance that the building is only gently touching the ground. The resulting reduced footprint maximizes space for the gardens below. The design for the interlocking towers will obtain LEED Gold certification when completed.

The Perigon will feature world-class service and unrivaled amenity spaces that embrace its tranquil setting on the water. An oceanfront restaurant, speakeasy-style bar and a conservatory with a daily breakfast bar will be exclusively available to residents, and a sunrise lounge and terrace will be accessible for events and entertaining. Residents can enjoy a beachfront swimming pool and hot tub, and a fully landscaped deck complete with cabanas and sunbeds. Other amenities include a spa with sauna and treatment rooms, ocean view fitness center, children’s playroom, private salon, screening room, wine room, guest suites and a dramatic double-height lobby lounge. The spaces will be activated by a dedicated lifestyle concierge and residential butler. Residents can also take advantage of 24-hour security, valet, house car, pool and beach service, in-residence dining and more.

Situated in the Mid Beach neighborhood, residents at The Perigon will be at the center of the city and its most exciting offerings. Perfectly balancing relaxation and exploration, the quiet enclave adjacent to the famous La Gorce Country Club offers the luxury of privacy, as well as close proximity to major art and cultural institutions like the Bass Museum and famous shopping destinations like Bal Harbour Shops. Residents enjoy the city’s iconic Art Deco architecture, annual events like Art Basel Miami Beach that attracts thousands of visitors to the city and some of the best new restaurants in the area.

Pricing will start at $3 million, with construction expected to complete in 2025. Sales and marketing for The Perigon is exclusively handled by Douglas Elliman Development Marketing.

Images via Binyan Studios

For more information about The Perigon, private showings or purchasing/ leasing information please fill out the form below:

Sunset Islands Waterfront Sells For $34 Million Brokered By Scott Lawrence Porter And Nile Lundgren

A waterfront mansion located 2120 Bay Ave. on Miami Beach’s Sunset Islands has sold for $34 million in an off-market deal. The sale price equates to roughly $5,300 PSF for the 6,400 SF home. The transaction was brokered by Scott Lawrence Porter of ALTARA Properties and Nile Lundgren of SERHANT. The home sold last year for $18 million in an off-market deal that was also brokered by Scott Lawrence Porter.

2120 Bay Ave. was built in 1957 and is located on a 28,454 SF lot on Sunset Island IV. The recently remodeled residence spans 6,400 SF and features 5 bedrooms and 5.5 bathrooms. Outside the home offers 210’ of water frontage, as well as a pool, summer kitchen and dock.

ALTARA Properties is a full service real estate company led by Managing Broker Demetri Demascus, who is also co-founder of PROFILEmiami. ALTARA Properties offers both residential and commercial brokerage and marketing services across South Florida with in-house PR, branding and marketing offered to all agents. ALTARA Properties has over $40 million in closed transactions since launching in early 2022.

SERHANT is a New York-based brokerage led by Ryan Serhant who was featured on the hit TV show Million Dollar Listing. SERHANT is one of the most followed real estate brands in the world and is working to revolutionize the brokerage model through media and content creation. SERHANT offers agents a full-service in-house film studio with in-house production and branding teams.

The Sunset Islands, a set of four luxurious residential islands located just off of South Beach next to Sunset Harbour, has been a hotspot for luxury development and transactions. In February 1775 West 24th St. sold in an off market deal for $11.5 million, roughly $3,546 PSF. Recently Andian Development acquired 1415 North View Drive for $13.9 million with plans to renovate the home. In December Shlomy Alexander, Felix Cohen and Julian Cohen sold a spec home they developed at 1825 West 24th Street for a Sunset Island record $25 million, $3,811 PSF. Developer James Curnin sold a spec home at 1757 West 27th Street for $24.8 million to former Goldman Sachs exec Don Mullen and Kawa Capital Management co-founder Alexandre Saverin and his wife sold their home at 1617 West 22nd Street on Sunset Island IV for $13 million.

The Cheesecake Factory Signs Lease At Terranova Corporation's 600 Lincoln Road In Miami Beach

The Cheesecake Factory® (NASDAQ: CAKE) has signed a lease for a prominent corner space at Terranova Corporation’s 600 Lincoln Road in Miami Beach. The popular national brand, which will invest in a custom buildout of the approximately 7,000 SF space in the iconic district, plans to open its doors Fall 2022 at the space previously occupied by Sushi Samba. Plans call for hiring more than 200 staff members from the local community. Terranova Corporation is led by Chairman Stephen Bittel.

“We are proud to welcome The Cheesecake Factory to Lincoln Road as part of our history of selecting tenants that bring value to Miami Beach and anyone who lives, works and plays in the city,” Bittel said. “Looking ahead at 2022, the local economy is strong and positioned for continued growth. Terranova will continue to support these trends by bringing a dynamic array of tenants and innovative projects that maximize value for stakeholders, create jobs and economic opportunities, and build a better community for all.”

Terranova, which has a leading position as the largest single property owner on Lincoln Road, has consistently secured a vibrant assortment of local and national tenants, including eateries, coffee shops, restaurants, and consumer-driven shops. The Cheesecake Factory location is surrounded by flagship stores from top worldwide retailers including H&M, which is across the street, and steps away from Zara, Sephora, the New World Symphony, Soundscape Park and Miami Beach Convention Center.

“The Cheesecake Factory is so pleased to be opening a restaurant on Lincoln Road, allowing us to serve Miami Beach residents, tourists and visitors alike,” said David Overton, Founder, Chairman and Chief Executive Officer of The Cheesecake Factory Incorporated. “Since opening our first restaurant in Beverly Hills more than 40 years ago, The Cheesecake Factory has become known for creating delicious, memorable experiences for millions of guests around the country, and we look forward to serving guests in Miami Beach.”

Bittel, who co-founded the Lincoln Road Property Owners Association, which later became the Lincoln Road Business Improvement District, spearheaded the planting of 1,000 orchids within the trees along Lincoln Road. The orchids serve to beautify the area and engage the community in celebration of a key asset: native Florida plants. The orchids, which more than a century ago blanketed oak and mahogany trees throughout South Florida, were attached to existing trees along Lincoln Road as part of Fairchild Tropical Botanic Garden’s “The Million Orchid Project.”

Sabal Development Sells Hibiscus Island Spec Home For $15 Million To Cosmetics CEO

A brand new tropical modern waterfront spec home by Sabal Development at 165 North Hibiscus Drive on Miami Beach’s Hibiscus Island has sold for $15 million to the CEO of Farmasi North America. Per public record, Marko Gojanovic of ONE Sotheby’s International Realty and Alejandro Diaz Bazan of Jills Zeder Group represented the buyer, Sinan Tuna, while Dora Puig with Luxe Living Realty represented the seller, developer Pascal Nicolai.

165 North Hibiscus Drive was designed by Togu Design and spans 5,217 square feet of interior on 10,500 square foot lot with 60’ of waterfront. The 5-bedroom , 5.5 bathroom home features a reflecting pond, a private 2 car garage, cotto’d’este tiling, full suite appliances by Miele, wine cellar, illumination by Delta Light, and freestanding soaking bathtub. Outdoors features two waterfront pools, a rooftop deck, terrace, and dock which can accommodate a yacht as large as 50’.

Master Brokers Forum Listing: Check Out This Oceanfront Condo On South Beach's Famed Ocean Drive

Master Brokers Forum member Ines Flax presents this direct ocean beauty; a corner residence at the boutique, award-winning 1500 Ocean Drive. This Michael Graves-designed building offers luxurious amenities including beach services, a newly renovated spa/gym, and Mother of Pearl pool. The residence features new contemporary renovation throughout, highlighted by superb upgrades with exquisite décor, and uninterrupted ocean views from every room. Over 2,300 square feet of space includes three en suite bedrooms plus a den, three and one-half baths, and two parking spaces. Friendly services and atmosphere make this a winner. Located on the ocean and in the heart of the Art Deco historical area.

1500 Ocean Drive Unit 1201, Miami Beach currently listed for $3,900,000 with Ines Flax of ONE Sotheby’s International Realty, who can be reached at (786) 218-7600 and/or InesFlax@aol.com.

The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

This article was produced in partnership with Master Brokers Forum

Luxury Home Builder Sabal Development Reports $130 Million In Sales For 2021

Sabal Development and Sabal Luxury Builder, led by Pascal Nicolai, reported over $130 million in sales for 2021 amid a hot market for luxury single family homes and custom built homes. Sales in 2021 include a record-breaking sale at 135 Palm Avenue in Miami Beach for $29.5 million, a property in Pompano Beach at 2305 N. Riverside Drive for $6.45 million, another in Hillsboro Beach at 1105 Hillsboro Mile for $13.5 million, and two in Miami at 4131 S. Douglas Road $5.4 million and 830 NE 92nd Street for $1.85 million. Other sales in 2021 include 770 S. Shore Drive for which sold for $5.15 million, 860 S. Shore Drive for $5.9 million, 2211 Meridian Avenue for $5.5 million, and 2035 Meridian Avenue for $5.05 million.

Pending sales under contract and set to close in 2022 include homes at 165 N. Hibiscus Drive in Miami Beach (listed at $15.5 million), 79 N. Hibiscus Drive in Miami Beach (listed at $17.5 million), and 1370 S. Venetian in Miami (listed at $21.9 million).

“We are thrilled to construct magnificent homes of this caliber and quality across South Florida,” said Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. “When creating our projects, we understand a custom home is more than a structure—it’s a place where memories are made.”

Sabal Development’s founder, Pascal Nicolai, has over 30 years of home building experience with completed projects in Europe and the U.S. Nicolai uses his own construction company, Sabal Luxury Builder, to build his developments. Sabal Luxury Builder works with engineers, architects, and designers to design each project from start to finish while maintaining control the construction timeline and process from material sourcing to completion.

Images via Sabal Development and Jeff Miller, ONE Sotheby’s International Realty

Deco Capital Secures $60 Million Construction Loan For Eighteen Sunset In Sunset Harbour

Deco Capital Group has secured $60 million in construction financing from City National Bank of Florida for Eighteen Sunset in Miami Beach’s hot Sunset Harbour neighborhood. The loan will fund the ongoing development of the newest mixed-use project combining office, retail, and residential uses. Eighteen Sunset broke ground in November 2021 and is expected to be completed in late 2023.

Eighteen Sunset will feature street-level retail and restaurant space, two floors of Class A+ offices totaling 40,000 square feet, and an exclusive top-floor penthouse featuring more than 15,000 square feet of interior space as well as a breathtaking rooftop pool deck. All told, the penthouse residence comprises approximately 30,000 square feet of private indoor and outdoor space, outdoor dining room, expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, Downtown Miami, and evening sunsets to the west.

“We’ve seen significant interest from some of the most desirable and prosperous buyers and tenants in the country, who are looking at Eighteen Sunset from both a residential perspective and as a ‘live-work’ opportunity in the heart of one of South Florida’s most desirable districts,” said Deco Capital Group Founder Bradley Colmer. “The level and quality of demand we’re seeing in Miami Beach is as strong as it’s ever been and we are already talking with some of the most exciting businesses and retailers in the market. Now that Eighteen Sunset is coming out of the ground and our financing is in place, we expect the building to be filled in short order.”

Situated between Purdy Avenue and Bay Road, overlooking Biscayne Bay and Maurice Gibb Park, Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail, fitness, and dining destinations.

The penthouse is listed with Oren Alexander of Douglas Elliman, the retail leasing is overseen by Sara Wolfe of Koniver Stern and Stephen Rutchik of Colliers International is overseeing the office leasing.

Renderings via Eighteen Sunset