$15.5 Million Waterfront Spec Home Sale Sets Record On Normandy Isle

A waterfront spec home on Normandy Isles has sold for $15.5 million, setting a record for the priciest home sale ever in Normandy Isle. Located at 2608 Biarritz Dr, Miami Beach, the seller was represented by Nelson Gonzalez with BHHS EWM Realty, while the undisclosed buyer was represented by Andre Duek, Carolina Lara & Camila Paiva with ONE Sotheby's International Realty.

The new modern waterfront with a western exposure and views of Biscayne Bay sits on a 12,052 SF bayfront lot across Normandy Shores Golf Club. The home features 6 beds and 6.5 baths as well as soaring ceilings, gourmet kitchen, media room, elevator, ELAN smart control system, floating glass staircase, and a waterfront master suite with a private terrace, walk-in closet, and luxe bath. The Backyard is equipped with a covered patio for dining and lounging, pool, and a pier dock with a boat lift with 73’ of water frontage.

Renowned French Artist Richard Orlinski's Iconic Sculptures Take Over Lincoln Road In Time For Miami Art Week

Miami Beach’s Lincoln Road District, one of the country’s most beloved destinations for al fresco shopping, dining, and entertainment, has supercharged its arts and culture experience by showcasing 12 giant, electrifying sculptures by renowned French artist Richard Orlinski. The open-air activation coming to Lincoln Road this winter will feature iconic pieces from Orlinski’s recent Avenue des Champs Elysée exhibition in Paris. Timed with the premier art show of the Americas, Art Basel Miami Beach, the exhibit will run from November 2022 to March 2023.

Driven by the desire to make art accessible to the masses, Orlinski exhibits his work, often of spectacular dimensions, in the great outdoors. As he redefined contemporary art codes, elements in nature became his signature and forte. Known for his iconic bright red resin crocodile, Orlinski’s work is inspired by pop culture artists such as Jeff Koons and Robert Indiana, and uses industrial materials to develop large geometric sculptures that symbolize freedom, power, and passion.

“Dedicated to bringing one-of-a-kind artistic experiences to the Lincoln Road District, we are thrilled to bring Orlinski’s esteemed outdoor exhibit of colorful, eye-popping sculptures from Paris to Lincoln Road,” said Mindy Mcllroy, Vice President of the Lincoln Road Business Improvement District (BID), and President of Terranova Corporation. “We are continuously investing in public art installations and cultural programming to ensure Lincoln Road remains a place where locals and visitors can enjoy enriching cultural experiences.”

From the majestic pink lion that will be showcased across the Apple Store to the red crocodile near the Nike Store and the standing white bear on Washington Avenue, the community will encounter bright, life-size animal statues while strolling the pedestrian promenade. Wild Kong, a signature piece from the Champs Elysée exhibition, will be located on Michigan Ave across from Finnegan’s Road. The sculptures are crossing the seas and coming from France. During the exhibit, the artist will also open a pop-up store at 801 Lincoln Road.

As the cultural and civic hub for the community, the Lincoln Road District has also partnered with AEA Consulting, a global firm setting the standard in strategy and planning for the cultural and creative industries, to further activate the district with collaborations that advance and promote arts and culture. With activations from Abu Dhabi to New York and London, AEA has engaged with the American Symphony Orchestra, Perez Art Museum, and Brooklyn Bridge Park, among others, delivering more than 1,200 assignments in 42 countries.

“Partnering with AEA Consulting to realize vital arts and culture projects will help further enhance our offerings in the Lincoln Road District, providing residents and visitors with year-round programming that bolsters their quality of life,” said Lyle Stern, President of the Lincoln Road BID and President of Koniver Stern Group. “From activating Lincoln Road with spectacular sculptures by famed artist Orlinksi to ushering in the South Beach Jazz Festival and a series of memorable musical performances by Nu Deco Ensemble, we are expanding the district’s cultural programming that will keep residents and visitors returning to Lincoln Road.”

The Lincoln Road District is one of Miami’s premier retail, lifestyle and cultural destination that is home to more than 250 restaurants and shops, entertainment, arts and cultural offerings. Lincoln Road ranks as the most-visited open-air destination in South Florida with over 8 million visits in 2021, according to Placer.ai data and featured in AFAR as one of the 10 best pedestrian streets around the world.

Images via Lincoln Road

Master Brokers Forum Listing: Check Out This South Beach Corner Unit In South Pointe Tower Asking $2.75 Million

Master Brokers Forum member Alexandra Peters presents this exceptional corner unit at South Pointe Towers, in the exclusive South of Fifth neighborhood. Watch the cruise ships as they glide through Government Cut from every room in this completely gut-renovated 04-line with wrap-around terrace and +/- 2,000 square feet, representing the largest layout in the building. Enter via double doors into a spacious living area with views reminiscent of a private island. Professionally designed and built out with mat marble floors, solid walnut panels, quartz countertops, and Thermador appliances, including an induction stove top. New ducts, linear vents and impact windows throughout. Jaw-dropping luminous primary bathroom with water views from your bathtub. Recently updated amenities include two pools, tennis courts, and fitness center.

South Pointe Tower 400 South Pointe Dr. Unit 404, Miami Beach is currently listed for $2,750,000 with Alexandra Peters of ONE Sotheby’s International Realty, who can be reached at 786-282-5290 and/or alexandrarealtor@gmail.com.

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

Ronny Finvarb and Joseph Chetrit Acquire Macy's Property Near Miami Beach's Lincoln Road For $15.5 Million

Bay Harbor Islands-based Finvarb Group, led by developer and hotelier Ronny Finvarb, in partnership with Joseph Chetrit, have acquired the Macy’s property off of Lincoln Road in Miami Beach for $15.5 million, $152 PSF. The iconic building, which is located at 1675 Meridian Ave., was developed in 1953 and is one of the oldest retail buildings in Miami Beach. The building spans 102,009 SF on a 1.15 acre lot. The seller was the San Antonio-based Terry Emanuel and the deal included $9.3 million in seller financing.

Ronny Finvarb is currently developing the nearby Thompson Hotel South Beach and other projects in different stages. Finvarb Group owns 15 hotels, restaurants and other properties in Florida, Texas and Arizona, including the Kimpton Palomar South Beach and Osteria Morini, the Residence Inn by Marriott South Beach, the Courtyard by Marriott South Beach, and the Courtyard by Marriott Jupiter Palm Beach, which they developed. In Miami, Finvarb Group also owns the Landon Bay Harbor boutique hotel, including The Palm restaurant, which they acquired for $10 million in November 2021. The Finvarb Group also recently acquired mixed-use properties in Deerfield Beach, including JB’s on the Beach oceanfront restaurant property.

James Beard Award-Winning Restaurant Group Hai Hospitality To Open 'Uchiko' to Eighteen Sunset In Sunset Harbour

James Beard Award-winning group Hai Hospitality, the group behind Wynwood hotspot Uchi, will bring its acclaimed Uchiko restaurant concept to Miami Beach’s popular Sunset Harbour neighbored. Uchiko will be located in Eighteen Sunset, a mixed-use project being developed by Deco Capital. Hai Hospitality signed a lease for 6,000 square feet of street-level restaurant space and is planning to open in 2024.

Uchiko, the Japanese concept that launched in Austin, Texas and helped fuel the city’s rise as a dining destination, will be located on the ground floor of the project, along Purdy Avenue, within the walkable neighborhood of Sunset Harbour known as one of South Florida’s most beloved lifestyle destinations. Slated to open in 2024, the restaurant will feature 180 indoor seats, including approximately 35 outdoor patio seats. Uchiko, recently recognized by Open Table as one of the top 100 restaurants in the US and lauded by GQ Magazine as one of the best new restaurants in America when it first opened, will open its third location in Miami Beach, following locations in Austin and Houston.

The menu at Uchiko constantly evolves. Uchiko Miami guests can expect signature bold flavors with hints of smoke and char that differentiate Uchiko from its sibling Uchi. Uchiko balances richness and delicacy with its interpretation of raw fish at the sushi bar alongside wood-fired items and Yakitori-grilled options. Uchiko Miami will also offer a full bar with hard-to-find Japanese whiskeys and a well-rounded and inventive cocktail menu.

“We quickly fell in love with the energy of Miami when we opened our first Florida Uchi location in 2021,” said Hai Hospitality CEO Tony Montero. “When we found the Eighteen Sunset development, we knew it would be the perfect location to continue to grow in Miami with Uchiko, and we’re looking forward to adding to both the energy of the city and Sunset Harbour with Uchiko Miami.”

“Uchiko is one of the country’s most innovative restaurant concepts, and Miami Beach is among the world’s most vibrant dining destinations. Uchiko at Eighteen Sunset is destined to become a favorite spot for the growing number of residents and visitors setting their sights on South Florida,” said Deco Capital Group Founder Bradley Colmer.

Eighteen Sunset is Deco Capital’s latest mixed-use development, rising five stories directly across from Biscayne Bay. The ground floor is home to 17,000 square feet of restaurant and retail space, a central cobblestone breezeway and cantilevered, covered sidewalk connecting to Maurice Gibb Park. The building has parking on the second level, and Class A+ office totaling 40,000 square feet on the third and fourth, topped by an exclusive penthouse encompassing nearly 30,000 square feet of interior and exterior space, including a spectacular rooftop and pool deck. Construction is currently underway, with delivery slated for late 2023.

Images via Eighteen Sunset

For more information about Eighteen Sunset or commercial leasing in Sunset Harbour, private showings or availability/ pricing information please fill out the form below:

Playa On Lincoln Road Launches New Lunch Menu For Al Fresco Dining This Summer

Playa has launched its new savory power lunch menu offerings, now available Monday through Friday from 11 am until 4 pm. The new menu celebrates Playa’s Southern roots and introduces unique eclectic specialties sure to spark the wildest of imaginations. Executive Chef Jon Wilson has curated a one-of-a-kind menu, serving decadent Southern twists on Mediterranean classics, with plenty of plant-based options, and more. Playa welcomes guests to experience some much-loved lunch favorites with a culinary twist – offering something for everyone that can be enjoyed in the serene dining room or al fresco on the breezy outdoor patio. 

Playa created its original menu around classic Mediterranean cuisine and familiar Southern fare, but in this new menu, Chef Wilson has expanded their specialty items with unique, creative recipes. The latest menu features fresh new lunch salads, soups, flatbreads, tacos, raw bar selections, seafood mains, and more. 

New menu items include the Watermelon, Mint & Jalapeño Gazpacho, Burrata & Strawberry Salad, Roasted Shishito Peppers, Lamb Skewer with Herb & Fruit Drizzle, Cajun Crab Cakes, Grilled Octopus & Baby Fennel Salad, Signature Chicken Wings, Playa Burger, Blacked Fish and Grilled Shrimp Tacos, Ahi Tuna Tartare, Shrimp Ceviche, Pasta with Mussels, Chicken & Mushroom Risotto as well as Margherita, Truffle and Cheese Flatbreads. New Desserts include Tres Leches, Af ogato, Sweet Potato Casserole w/ Marshmallows, Triple Layer Chocolate Mousse. Playa’s new lunch menu also features fresh plant-based dishes, including avocado toast, spaghetti squash & spinach, and pasta with basil tomato sauce.

Located in the heart of South Beach on Lincoln Road, Playa transports guests to the coastal shores of the Mediterranean with a menu that celebrates fresh, regional flavors with a uniquely Southern twist. Guests can opt to enjoy the lush, breezy outdoor seating options or dine inside to experience the captivating tropical decor. Live climbing plants, arching waterfalls, and a relaxed ambiance will place guests right on the beach, yet at night, the entire space transforms into an exhilarating live entertainment experience. Located at 915 Lincoln Rd, Miami Beach, FL 33139

Electric Feel Entertainment Founder And CEO Austin Rosen Buys 6417 Pine Tree Drive Circle

Electric Feel Entertainment Founder Austin Rosen has purchased 6417 Pine Tree Drive Circle for $12.5 million after acquiring the neighboring 6401 Pine Tree Drive Circle also for $12.5 million last year. With the acquisition Rosen now has 185’ on the water and 37,135 SF of land. 6417 Pine Tree Drive Circle, Miami Beach, is a 6 bedroom, 7 bathroom house spanning 4,855 SF. The Mediterranean waterfront home was designed in 1935 by Russell Pancoast. Both sides of the transaction, which closed on July 25, 2022, were brokered by Jordan Karp of Jordan Karp LLC.

Rosen also purchased a commercial building at 235 NE 29th St. near Midtown for $5.6 million in 2021.

Electric Feel Entertainment is a music management, publishing studio and label with over 215+ billion streams. The company was founded by Rosen who is manager of Post Malone, Iann Dior, 24KGoldn, and more. He also founded EF Ventures which helps connect talent and founders of emerging brands in a variety of industries including food and beverage, tech, fashion and Web3.

Sabal Development Sells Waterfront Miami Beach Spec Home For $16 Million On Hibiscus Island

Sabal Development, an award-winning Miami-based builder and developer who specializes in luxury custom homes, has sold a newly constructed 5,243-square-foot waterfront spec home on a 0.24-acre lot located at 79 N Hibiscus Drive, Miami Beach, FL 33139 for $16 million.

“We are pleased to sell this impressive waterfront property in Miami Beach’s exclusive Hibiscus Island for $16 million,” said Pascal Nicolai, CEO and Founder of Sabal Development. “Miami continues to be a hot real estate market, and we take pride in creating homes that offer modern, luxury living.

Located within the exclusive Hibiscus Island, this stunning waterfront home was built in 2022 and overlooks the pristine Biscayne Bay. Built by Sabal Luxury Builder with interior design by TOGU Design, the home includes five bedrooms, five full bathrooms and one powder room. The home’s impressive elements include an open dining area with a spacious chef’s kitchen, a full suite of Miele appliances, solid oak wood furnishings, Cotto d'Este tile throughout and Toto and Kohler fixtures in each bathroom.

Lourdes Alatriste of Douglas Elliman represented the seller, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. Marko Gojanovic and Reid Heidenry of ONE Sotheby’s International Realty represented the buyer, Alejandro Montealgre.

The Perigon Reveals Sophisticated Interiors by Tara Bernerd In Miami Beach

The Perigon, the first residential project on Miami Beach designed by award-winning architecture firm OMA as well as the only new pre-construction, ultra-luxury condominium currently offered on the city’s iconic beach – has revealed its elegant interiors by Tara Bernerd, the inimitable London-based designer internationally renowned for her work on luxurious hotels and private yachts. Inspired by the tower’s tranquil, dual waterfront location between the Atlantic Ocean and the Intracoastal waterway, the interiors evoke the sophistication of a European riviera and the essence of a five-star resort, further establishing The Perigon as Miami Beach’s premier destination for oceanfront living.

Located at 5333 Collins Avenue, and developed by a joint venture between Mast Capital and an affiliate of Starwood Capital Group, The Perigon’s highly anticipated interior preview includes a first look at the arrival experience and lobby; the private spa, sauna, and treatment room; and the elegant residential interiors and finishes. Drawing from the surrounding natural coastal environment and the color palette of Miami Beach, Bernerd imagined a residential aesthetic that emphasizes panoramic ocean views, abundant natural light, private outdoor space, and expansive floor plans of The Perigon’s 74 two-to four-bedroom residences and 8 resident owned guest suites.

“Combining Tara’s extraordinary talent with the genius of OMA’s architecture and Gustafson Porter+Bowman’s landscaping has differentiated The Perigon in the market,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon captures attention to detail in a way that is unmatched for the area, and there is no better representation of that than in the rich amenity spaces. Through her timeless aesthetic and European sensibility Tara has created a true sanctuary in Miami Beach.”

Inside the residences at The Perigon, Bernerd’s design incorporates a unique combination of organic fabrics, refined materiality and tailored weaves. Juxtaposing stone, glass and wood to create dimension and texture, the interiors include noticeable influences from Europe and its famed rivieras. This is evident in the open kitchen, for example, which features Italian cabinetry custom designed by Bernerd with a focus on craftsmanship and detail. The overall color palette is soft and natural, drawing from The Perigon’s premier location.

In the primary suite, the bathrooms are adorned in marble with dark bronze fittings, and select residences feature dramatic soaking tubs that overlook the shoreline and Miami skyline. Bernerd’s timeless aesthetic further enhances gracious ceiling heights and floor-to-ceiling panoramic views of the ocean and bay. Residences at the intimate 17-story building range from 2,100 square feet to 6,700 square feet and are priced from $4 million.

“The Perigon represents a unique opportunity to establish the next iteration of luxury living in Miami Beach,” says Tara Bernerd, founder of Tara Bernerd & Partners. “Responding to and embracing the tower’s statement architecture, the amenity spaces have been designed to be indicative of a high-end hotel, presenting a unique challenge to infuse a sense of exclusivity together with a sense of warmth for residents. What Mast Capital and Starwood Capital Group have envisioned is setting a new bench-mark in design, and we are proud to collaborate with them on this first look at our designs.”

The collection of amenities at The Perigon best showcases how Bernerd has interpreted the firm’s hospitality prowess into the context of a condominium tower. For the spa, she created an evolved Miami Beach aesthetic that should appeal to the well-traveled, design-conscious resident and their penchant for experiencing a destination through the lens of a local. It features a mixture of materials and fabrics selected both for their authenticity to the area and their connection to sought-after locales.

In the lobby, Bernerd enhances OMA’s bold architecture. By playing with the architectural concept and working with the geometry, she scaled the space to bring warmth and intimacy into the design, so that it feels both grand and welcoming upon arrival, befitting a building of this stature. The floors are finished in a white natural stone with a diamond pattern mimicking the footprint of the tower while contrasting with elegant polished plaster walls trimmed in Italian stone. The result is a new design language inspired by Miami and its nautical and cultural traditions.

The Perigon will deliver many more amenities in addition to these newly unveiled spaces, including a resident-only oceanfront restaurant andspeakeasy bar, conservatory with a daily breakfast bar, sunrise lounge and terrace. Residents will also enjoy an oceanfront swimming pool and spa, as well as poolside cabanas and sunbeds all situated within lush landscaping by Gustafson Porter+Bowman, the firm responsible for redesigning the green space at the Eiffel Tower and the powerful Princess Diana Memorial Fountain in London’s Hyde Park. Benefiting from the coveted beachfront location, residents will have exclusive beach access complete with food and beverage service. Other amenities include a terraced fitness center with ocean views, children’s playroom, private salon, screening room, and wine room. The spaces will be activated by a dedicated lifestyle concierge and residential butler. Imagery is forthcoming.

Sales and marketing for The Perigon is exclusively handled by Douglas Elliman Development Marketing.

Construction Powering Forward At Finvarb Group's Thompson Hotel South Beach

Construction is powering forward at Thompson Hotel South Beach which is being developed by Finvarb Group, led by Ronny Finvarb, and Chahine Investment Corp. The mixed-use project is designed by world-renowned French architect Rudy Ricciotti and is being developed on a .7 acre site at 1685 Washington Ave. When complete the building will feature a 150-room hotel which will be branded as a Thompson Hotel by Hyatt, with a rooftop restaurant and pool deck, as well as ground-floor retail.

In late May the project secured $44.6 million in construction financing. Since securing the financing construction teams have passed the 5th floor for the building which will rise 8-stories when complete. Ortega is the general contractor.

In addition to the Thompson and other projects in different stages, Finvarb Group owns 13 hotels and restaurants in Florida, Texas and Arizona, including the Kimpton Palomar South Beach and Osteria Morini, the Residence Inn by Marriott South Beach, and the Courtyard by Marriott South Beach, which they developed. In Miami, Finvarb Group also owns the Landon Bay Harbor boutique hotel, including The Palm restaurant, which they acquired for $10 million in November 2021.

Chahine Investment Corp. is a family office subsidiary managed by Agathe Chahine that focuses its investments on office buildings, luxury hotels with the historic Palacio Ludovice in Lisbon that just opened, private equity, and financial markets.