Witkoff And Monroe Capital Acquire Cancelled Marriott Maquis Miami Worldcenter Site For $94 Million

The New York City-based real estate investment group Witkoff, led by Steve Witkoff, and the Chicago-based Monroe Capital have acquired the site of the now cancelled Marriott Marquis Miami Worldcenter from MDM Group for $94 million. The 4.7 acre site is located at 700 North Miami Ave. The property is entitled to develop 60+ stories and for a mix of residential, hospitality and commercial. The transaction was overseen by Manny De Zárraga of JLL and was financed with floating-rate financing which was arranged by Dustin Stolly and Jordan Roeschlaub of Newmark and provided by Mack Real Estate Credit Strategies.

The Miami-based MDM Group, which is led by Ricardo Glas and Luis Pulenta, had planned to build a 1,700-key Marriott Marquis hotel and 600,000+ SF expo center as part of the $4 billion, 27-acre Miami Worldcenter mixed-use development. MDM Group initially acquired the site for $45.25 million in 2017 from Nitin Motwani who is Managing Partner of Miami Worldcenter Associates, the master developer of Miami WorldCenter. News of the cancellation of the Marriott Marquis Miami Worldcenter accompanies news of the property’s sale.

As the largest private development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 SF of retail, restaurant and entertainment space. The first restaurant tenants were recently announced after Miami Worldcenter Associates completed leases with Chicago-based steakhouse concept Maple & Ash, etta, Laurel Brasserie and El Vecino. All four concepts are expected to open in 2022.

Two residential buildings have been completed at Miami Worldcenter including the 60-story PARAMOUNT Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Approximately 150,000 SF of retail has been completed with tenant build-out work set to commence in 2021, and another 130,000 SF is currently under construction and nearing delivery. Construction is nearing completion at ZOM’s 43-story Bezel Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter one of the largest and most-connected transit-oriented development in Florida.

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The First Restaurants Opening In Downtown Miami's $4 Billion Miami WorldCenter Megaproject Are Announced

The first four restaurants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami, have been announced. The development’s ownership has completed leases with Chicago-based steakhouse Maple & Ash, set to open its first location in Florida; etta, a neighborhood restaurant centered around a wood-fired hearth; Laurel Brasserie and El Vecino, both concepts by Miami chef Michael Beltran. The leases combine to over 30,400 SF of indoor and outdoor space along Miami Worldcenter’s open-air entertainment promenades and mark the first tenants to lease space in Miami Worldcenter. All four concepts are expected to open in 2022.

“Our team is thrilled to unveil a stellar lineup of restaurants opening at Miami Worldcenter, with Maple & Ash, etta, Laurel Brasserie and El Vecino setting the tone for what’s to come. These restaurants exemplify the quality of the tenants and the experience we are curating for Miami Worldcenter’s residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination, and we look forward to announcing additional retail concepts in the coming weeks and months.

The lavish Maple & Ash offers a modern take on a traditional steakhouse. Two-time Michelin-star Chef Danny Grant presents classic wood-fired dishes while offering diners an elegantly seductive experience. At Maple & Ash’s original Chicago location, the restaurant’s wine list has been named “one of the most outstanding in the world” by Wine Spectator. Maple & Ash will be located along World Square at the corner of Miami Worldcenter’s 7th Street promenade and NE 1st Avenue, and will occupy 15,000 SF of indoor and outdoor space, with ground floor and second floor seating.

Developed by the creative team behind Maple & Ash, etta is a neighborhood restaurant that serves delicious wood-fired dishes, from gourmet pizzas and warm focaccia to crisp seasonal salads and family-style shared pig and lobster picnics. Just as the kitchen is the focal point of interaction within a home, etta’s open kitchen design gives guests the same intimate experience. With two existing locations in Chicago, each etta location features a wood-burning brick oven and a giant wood-fired hearth for spit roasting and grilling. Located along the eastern side of the 7th Street Promenade, etta will feature approximately 11,000 SF of indoor and outdoor space across two levels.

Local Miami Chef Michael Beltran, a 2020 James Beard Foundation Awards “Best Chef: South” semifinalist, will bring his new dining concept, Laurel, to Miami Worldcenter. Laurel will offer diners a novel take on a French brasserie with hints of Chef Beltran’s Cuban influence, which is evident across his multiple concepts, including his revered Ariete. In addition to Beltran’s inventive French-Cuban fare, guests will be able to enjoy a limited selection of Cuban treats from popular Coconut Grove diner Chug’s. The casually chic restaurant will occupy 2,800 SF of indoor and outdoor space on the ground floor of Caoba, Miami Worldcenter’s apartment tower, at the corner of the 7th Street promenade and NE 1st Avenue.

Also developed by the Ariete Hospitality Group, El Vecino will be a high-end first-class cigar bar serving a full liquor bar and light fare such as head cheese croquetas, an assortment of meat and cheese, and pastelitos by Pastelito Papi. The venue will occupy approximately 1,600 SF of indoor and outdoor space joining Laurel on the ground floor of Miami Worldcenter’s Caoba apartment tower.

Retail leasing at Miami Worldcenter is led by The Comras Company, a leading, boutique real estate firm providing retail leasing, asset sales, consulting and development advisory services throughout South Florida. The leasing team is comprised of Michael Comras, Jeff Evans and Michael Silverman.

“Projects of this size, scale and caliber don’t happen often, not in Miami and not anywhere else in the country,” said Michael Comras, president of The Comras Company. “Miami Worldcenter sits just off the intersection of the two busiest highways, surrounded by various modes of public transit, steps from the most prominent cultural institutions in the city, and the FTX arena. That, coupled with downtown Miami’s exponential growth and the influx of domestic and international residents moving in the last year, makes Miami Worldcenter the most appealing location for businesses to invest in.”

As the largest private development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 SF of retail, restaurant and entertainment space. These include two completed residential buildings: the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Approximately 150,000 SF of retail has been completed with tenant build-out work set to commence in 2021, and another 130,000 SF is currently under construction and nearing delivery. Construction is nearing completion at ZOM’s 43-story Bezel Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter one of the largest and most-connected transit-oriented development in Florida.

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Swerdlow Group Breaks Ground On Sawyer's Walk Mixed-Use Development In Miami's Overtown Neighborhood

Construction has begun on the largest mixed-use development to take shape in Miami’s historic Overtown neighborhood in decades, paving the way for new shopping and dining options, affordable residences for seniors, and thousands of job opportunities. Sawyer’s Walk, a 1.4 million-square-foot development led by Swerdlow Group in collaboration with the Southeast Overtown/Park West Community Redevelopment Agency (CRA), will include 250,000 SF of destination retail alongside 578 apartments designated for low-income seniors.

Swerdlow Group and its partners, SJM Partners and Alben Duffie, acquired the 3.4-acre property at 249 NW 6th Street from the CRA and broke ground on the development at a June 23rd ceremony. Construction is expected to be completed in 2023.

“In working with the CRA and listening to nearby residents, it became clear that senior housing, affordable shopping options, and quality jobs are among the most pressing needs in Overtown,” said Swerdlow Group CEO Michael Swerdlow. “Sawyer’s Walk will check all of these boxes, while also creating a new destination for retail and dining that will activate city streets and attract people from throughout Downtown Miami and surrounding neighborhoods.”

The development of Sawyer’s Walk coincides with a rush of new residents, businesses and visitors into Miami’s urban core. Greater Downtown Miami is now home to 115,000 residents, 250,000 daytime visitors, and six million annual visitors, according to the Miami Downtown Development Authority.

Retail offerings at Sawyer’s Walk will include a 50,000 SF Target, a 25,000 SF Aldi supermarket, and new locations for Ross Dress for Less, Five Below, and Burlington. Additionally, 25,000 SF of public space at street level will feature restaurant space, outdoor seating, a children’s playground, a pedestrian promenade, a dog park, and a City of Miami NET office.

The upper floors of Sawyer’s Walk will offer 578 apartments set aside for low-income seniors earning at or below 60% of the Area Median Income. The unit mix will include studios, one-bedrooms, and two-bedrooms. Amenities will include a rooftop pool deck, a clubhouse and entertainment lounge, meeting rooms, and a complimentary health club membership for all residents.

“Sawyer’s Walk will be a triple-win for the Overtown community and the City of Miami, delivering a positive impact in the form of new jobs, additional revenue, and an affordable place to call home for hundreds of our local seniors. These benefits will help sustain quality of life in Miami while advancing the mission of the Southeast Overtown/Park West CRA,” said Jeffrey Watson, Chairman of the Southeast Overtown/Park West CRA.

Sawyer’s Walk is located alongside I-95, adjacent to Downtown Miami’s Central Business District and blocks from Brightline’s Miami Central station, the 27-acre Miami Worldcenter development, the Historic Lyric Theatre, Government Center, and Miami-Dade College’s Wolfson Campus. The site is bounded by NW 3rd Avenue on the west, NW 7th Street to the north, NW 2nd Avenue on the east, and NW 6th Street to the south.

Terra Locks Down $44 Million In Financing For Publix-Anchored Retail Development In Pembroke Pines

Coconut Grove, FL-based Terra has locked down a $43.74 million in senior mortgage financing for 16000 Pines Market. The loan was provided by Thorofare Capital, Inc., an affiliate of alternative investment manager Thorofare LLC., and was issued to 16000 Pines Retail Investments, LLC, an entity managed by 16000 Pines Market. 16000 Pines Market is a 135,000 SF mixed-use retail development nearing completion in the City of Pembroke Pines in South Florida’s Broward County. The financing was arranged by Walker & Dunlop’s Keith Kurland, Jackson Sastri and Ian Hawk of the firm’s New York City capital markets group.

Terra will utilize the loan proceeds to finish construction, capitalize the TIs/LCs and carry the project until its stabilization. Construction of 16000 Pines Market’s first phase was completed earlier this year, with construction of phase two now getting underway and expected to deliver in 2022.

“Terra’s continued investment in Pembroke Pines reflects the City’s growing residential population and the high barriers to entry that exist for new commercial development,” said Terra CEO David Martin. “16000 Pines Market will meet mounting demand for lifestyle-oriented retail and unique food and beverage experiences, while offering an everyday amenity for neighboring residents and visitors.”

The key anchor tenant at 16000 Pines Market is 91-year-old Publix Super Markets, Inc., the largest and fastest-growing employee-owned supermarket chain in the United States. Additional co-anchors include national off-price department store retailer Burlington (NYSE: BURL), which operates 740 stores across 40 states and Puerto Rico with over 40,000 employees and a $20 billion market capitalization, as well as Crunch Fitness, a fitness club chain that has more than 300 franchise locations across the United States, Canada and Australia.

Felix Gutnikov, Thorofare’s principal and head of originations, said, “closing this construction-completion loan for a Publix-anchored retail asset in a desirable South Florida suburb comes on the heels of our Miami office opening and underscores the firm’s commitment to expand our geographic footprint in the Southeast.”

“This high-structured financing reflects our belief that well-designed grocery-anchored shopping centers, with sought-after tenants such as Publix, will continue to garner demand from institutional debt and equity capital sources,” said Thorofare’s principal and CIO Brendan Miller. “Executing a transaction with Terra will help continue to expand our presence in the Southeast as well as diversifying our loan portfolio with grocery-anchored assets, the most resilient, necessity-based retail property type.”

16000 Pines Market is situated on 13.2-acres with strong visibility along Pines Boulevard and Dykes Road, a major thoroughfare in the affluent suburb Pembroke Pines, which is part of the Ft. Lauderdale retail market and Southwest Broward retail sub-market. Additional tenants include Verizon, Regions Bank, a United States Postal Service branch, Jersey Mike’s Subs, Vivo Pizza & Pasta, FirstWatch Café, Cheddar’s and MD Now.

Miami-Dade State Attorney's Office Leases 50K SF Of Office Space In River Landing Shops & Residences

Miami-Dade County on behalf of the Miami-Dade State Attorney’s Office has leased nearly 50,000 SF in Urban-X Group’s recently delivered River Landing Shops & Residences. The Offices of State Attorney Katherine Fernandez Rundle have entered a 20-year lease to occupy an entire floor, 49,379 SF. The lease will consume nearly one-third of the 135,000 SF of Class-A office space at the Offices at River Landing which is located at 1400 NW North River Drive, on the Miami River just west of Downtown Miami.

The demand for office space in an environment where people can live, work, shop, enjoy world-class dining experiences and arrive to work by boat has fueled leasing activity in River Landing in recent months. Recently, River Landing signed a 2,100 SF lease with David Sutta Photography and Clutch Video.

“We are beginning to see a demand for office space that goes beyond our supply,” said Andrew Hellinger, co-principal with Urban-X Group, the developer of River Landing. “We are very grateful to our elected officials because they are working hard to attract companies to Miami and create demand for office space. We all benefit from public policies that fuel job growth and boost our local economy.”

The office tower at River Landing is a LEED certified office building and, in case of an emergency, it will provide a full-service commercial generator to keep the building operating without interruption. Office tenants have access to a private 17,000 SF outdoor plaza that can serve as a central gathering place as well as an array of national and local retail shops and chef-driven, fast casual and upscale restaurants, an 850’ waterfront linear park, and green space to enjoy.

The State Attorney’s Office, which will be relocating from Civic Park Plaza at 1469 NW 13th Terrace, serves and protects Miami-Dade residents by prosecuting felony and misdemeanor crimes that occur within its jurisdiction. It is the largest prosecutor’s office in Florida and the fourth largest in the United States with 1,200 employees.

“This was the culmination of many years of hard work by the County Mayor’s Office, County Commission, and the County's Internal Services Department,” Hellinger added. “They assisted the state attorney in finding suitable office space while staying within the courthouse district. Retaining the law firm in the district highlights River Landing’s economic impact on the area.”

River Landing is an 8.14-acre mixed-use development along the vibrant Miami River. The 2.5 million SF River Landing consists of approximately 360,000 SF feet of retail/commercial space, 135,000 SF of office, 528 market-rate apartments, more than 2,000 parking spaces and a landscaped Riverwalk.

River Landing is home to national and regional retailers and restaurants including Publix Supermarkets, Ross Dress For Less, Burlington Stores, Hobby Lobby, Five Below, Chase Bank, AT&T, Planet Fitness, Old Navy, Ulta Beauty, Sapphire Prive Med Spa, Pediatric Dental Center, Aspen Dental, Chick-fil-A, Lime Fresh Mexican Grill, Ficelle Boulangerie & Pâtisserie, Tanuki, and more.

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Sam Nazarian's New Dining And Delivery Platform C3 Hospitality Inks Lease For 10K SF In CocoWalk

Hospitality mogul Sam Nazarian’s new dining and delivery platform C3 Hospitality is coming to Coconut Grove after inking a lease at CocoWalk. The innovative dining hospitality platform will occupy 10,000 SF at CocoWalk, located at 3015 Grand Avenue in Coconut Grove, and is expected to open in 2022. C3 Hospitality will have an office where they will operate the newly launched CitizensGo app as well as a test kitchen and culinary space.

CocoWalk recently underwent a full redevelopment led by Federal Realty Investment Trust with partners The Comras Company and Grass River Property. CocoWalk is four-stories tall and features 150,000 SF of prime retail, dining and entertainment space. The property’s east end also includes Class A office space.

Nazarian is the founder of SBE, the hotel and hospitality brand behind the SLS, Delano, Hyde and Mondrian hotel brands as well as Katsuya and Fi’lia restaurant brands, amongst others; but recently sold his remaining share of ownership to Accor.

C3 Hospitality operates a variety of initiatives including ghost kitchens, food halls and fast casuals which bring together a selection of proprietary brands around multiple distributions points for fast delivery. In Coconut Grove C3 Hospitality will operate the newly launched CitizensGo app which allows users to order directly from a selection of curated restaurants which are all located in the same location in a single shopping cart/ order to save on delivery fees and offering the ability to mix-and-match from different eateries. C3 Hospitality’s concepts include Umami Burger, Krispy Rice, EllaMia, Plant Nation and Sam’s Crispy Chicken.

KAR Properties and Fortune International Group Buy Out Remaining Reach and Rise Residences at Brickell City Centre

KAR Properties and Fortune International Group have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, officially marking the sell out of the residential development. KAR Properties and Fortune International Group will be focusing on selling the recently purchased units with Fortune Development Sales leading these efforts. 

“As fellow developers in the downtown Brickell area, we have great respect for Swire. The company has played an integral role in the transformation of Brickell,” said Shahab Karmely, CEO and Founder of KAR Properties. “The most dynamic part of Miami is downtown, particularly along the riverfront, where we are developing One River Point by Rafael Viñoly as part of a three-phase luxury development located directly across the river from Brickell City Centre.” 

KAR Properties and Fortune International Group believe the existing inventory in today’s market is attractive for the consumer looking to buy and live in Miami now. The continued investment Swire Properties placed into the development, the timing in today’s real estate market, the residences’ prime location and its elite quality are just a few of the reasons the two firms believed in this investment. 

“Brickell City Centre has enhanced Miami’s Brickell neighborhood, bringing high end retailers, global cuisine and entertainment to the community. As Miami’s global appeal and market demand rises, real estate continues to be a smart investment option,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Our firm has had long-term success in the industry with a strong grasp on what is happening in the South Florida market. It is clear Swire Properties has developed a landmark destination for the community.” 

The luxury condominium towers are an anchor for the mixed-use property of Brickell City Centre developed in 2014. This master plan destination stands out as a hallmark of Brickell’s live-work-play lifestyle, attracting both local and international residents and celebrities.

“Swire Properties is delighted to sell the remaining inventory of 81 units to respected investors KAR Properties and Fortune International Group, in a significant transaction that reflects their shared commitment to this outstanding product and belief in Brickell City Centre,” said Kieran Bowers, President of Swire Properties. “Swire Properties will continue to invest in Brickell over the coming years and attention will now turn to the development of the remaining phases and parcels surrounding Brickell City Centre.”

The Transit-Oriented Mixed-Use Development CORE Link at Douglas Launches Leasing

The transit-oriented CORE Link at Douglas, a new 312-unit mixed-use multifamily tower, has launched leasing at the intersection of Coconut Grove and Coral Gables. Slated to open in August at 3060 SW 37th Avenue, CORE will become the first tower to open at Link at Douglas, a 7-acre mixed-use development being developed adjacent to Miami’s Metrorail and The Underline linear park. The project is being developed by a joint venture between Miami-based real estate developers 13th Floor Investments and Adler Group, in partnership with global investment manager Barings.

The 22-story residential building will feature studios, one-, and two-bedroom apartments with upscale finishes and panoramic city views. Leasing rates will start at $1,690 for studios, $2,090 for one-bedrooms and $2,790 for two-bedrooms. As part of a special pre-leasing promotion, CORE is offering one month free for new renters, with an additional second month free for those signing a lease without a car and planning to utilize the development’s nearby transit access.

Apartments feature private balconies, floor-to-ceiling windows and a modern design that offers ample natural light. Residences are designed with luxury plank flooring, granite countertops, modern kitchen hardware and appliances, an in-home washer and dryer, and porcelain shower walls.

Amenities include a rooftop pool deck with stunning views, poolside grilling, private cabanas, as well as a fitness center with a yoga studio, business center, media room, and a social lounge complete with billiards, shuffleboard, ping pong, and a furnished seating area centered on a fireplace. Other amenities include secured package room, bike storage, and Wi-Fi in all common areas.

CORE’s ownership has selected The Bozzuto Group to provide property management, including full-service concierge, 24-hour maintenance, resident app, monthly resident events and its signature away-from-home services of plant care, newspaper delivery and in-home package delivery.

Located along US-1 and Douglas Road, CORE and Link at Douglas are perfectly situated to offer direct access to Miami-Dade County’s Metrorail system, the Miami-Dade bus lines and the Coral Gables Trolley. Directly underneath the property, residents can enjoy outdoor workout activities along The Underline, a 10-mile linear park under development that spans from Downtown Miami to South Miami.

“We are excited to deliver our first building at Link at Douglas. With CORE, we wanted to set a new standard for those who want a more connected lifestyle,” said Aaron Stolear, Associate Vice President of 13th Floor Investments, on behalf of the joint venture development team. “At CORE, residents will lease apartments but will ‘live’ at the building – the amenities are just that spectacular.”

CORE will be followed by CASCADE, an adjacent 36-story multifamily tower set to open at Link at Douglas in mid-2022, which will feature a 25,000-square-foot Milam’s Market on the ground-floor level. All told, the Link at Douglas development’s master plan will encompass 1,422 residential units, over 32,000 square feet of retail space, a 280,000-square-foot office building, and a public plaza that connects with The Underline.

Renderings via 13th Floor Investments/Adler Group/Barings

Location Ventures Closes On South Beach Assemblage For $20 Million Where Co-Living Project Urbin Miami Beach Is Planned

The Coral Gables-based Location Ventures, led by Rishi Kapoor, has closed on the Washington Avenue assemblage where they have planned Urbin Retreat Miami Beach for $20 million. The acquisition was financed with at $14 million mortgage assumed from the seller, Fryd Properties. The assemblage includes a 10,697 SF retail property at 1260 Washington Ave. and an office building at 1234 Washington Ave.

Prior to closing, Location Ventures has had the Urbin Retreat Miami Beach project in the works since at least 2019. Urbin Retreat Miami Beach is designed by Touzet Studio was approved by Miami Beach’s Historic Preservation Board and Planning Board in August 2020. Urbin Retreat Miami Beach will be a co-living, co-working and wellness platform featuring 60 residential units for a combined 120 bedrooms, retail, co-working space, a rooftop bar and a ground floor restaurant and bar.

Deco Capital Group's Mixed-Use Office Development Eighteen Sunset Approved In Sunset Harbour

One of South Florida’s most in-demand neighborhoods is getting a new offering of residential and commercial space following the approval of Eighteen Sunset, a mixed-use development set to rise in Miami Beach’s Sunset Harbour district. Eighteen Sunset is being developed by Deco Capital Group and was designed by DOMO Architecture + Design.

The five-story building will feature street-level retail and restaurant space, two floors of Class A offices, and an exclusive top-floor penthouse residence with a private rooftop deck. Plans for the development won unanimous approval from the Miami Beach City Commission on May 12, 2021. Construction is scheduled to begin in late summer 2021, with completion anticipated in 2023.

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 and dining destinations.

“Eighteen Sunset will be a premier address for shopping, dining, working and living just as Miami Beach enjoys a surge of new residents and businesses,” says Deco Capital Group Founder Bradley Colmer. “No other building in Miami Beach offers this level of Class A, luxury office and prime retail space looking out onto the water. The penthouse residence will be an unparalleled home in the sky in the center of Miami Beach’s most exciting neighborhood.”

The crown jewel of Eighteen Sunset is a penthouse residence featuring more than 15,000 SF of interior space as well as a breathtaking rooftop pool deck. The residence comprises over 32,000 SF of private indoor and outdoor space in total. The rooftop includes a pool and hot tub, an outdoor dining room, and expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, the Downtown Miami skyline, and evening sunsets to the west. The penthouse owner will have private ownership and use of a ground floor foyer/lounge, as well as a private garage accommodating at least six cars on the building’s second floor, offering direct elevator access to the residence.

“The Penthouse at Eighteen Sunset will be the pinnacle of luxury and exclusivity in Miami Beach, making it unlike any private residence the city has seen,” says Oren Alexander of Douglas Elliman. “This is perfect for a buyer drawn to the idea of taking an elevator down to the ground floor and being immersed in a vibrant, walkable neighborhood that offers everything from sidewalk cafés and coffee shops, to trendy boutiques and a marina across the street. All of this is available in a building offering beautiful views and the amenities and security features of a world class building.”

Eighteen Sunset’s ground floor totals approximately 15,500 SF of high-visibility, rentable commercial space, offering retail and restaurant concepts prime frontage along pedestrian-friendly Purdy Avenue. A central breezeway and cantilevered sidewalk cover will feature shaded seating areas and create seamless connectivity with Maurice Gibb Park.

Floors three and four will be comprised of approximately 32,000 SF of Class A-plus office space tailor made for finance and investment firms, family offices, technology firms, and professional service companies in the market for space offering waterfront views, proximity to Miami’s most desirable residential neighborhoods, and Sunset Harbour’s stylish mix of shops and eateries just steps away. Office tenants will have secure parking on the building’s second floor.

“Today’s office users are placing emphasis on planning and building custom-designed space in areas that are walkable, accessible, and which offer proximity to outdoor recreation. Eighteen Sunset checks all of these boxes – and more,” explains Stephen Rutchik of Colliers International. “We are finding that Eighteen Sunset’s best in class data connectivity, sustainability initiatives, private balcony spaces, and 24/7 full building generator for all tenant systems are appealing to firms looking to establish their presence in one of Miami’s most sought-after districts.”

Stephen Rutchik of Colliers International is leading leasing the Eighteen Sunset’s office space, Sara Wolfe of Koniver Stern is marketing the retail offerings, and Oren Alexander of Douglas Elliman selling the penthouse.

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