Rieber Developments Closes On $36 Million Construction Loan For Ivory 214

The Aventura-based Rieber Developments has announced that they have closed on a $36 million construction loan for Ivory 214. The loan was provided by the Miami-based BridgeInvest and was formally granted to the property’s development LLC, Shalev Development Group. Ivory 214 is already under construction after general contractor Winmar Construction, an affiliate of Coastal Construction, broke ground in March 2018 and is on schedule to complete the project in the first quarter of 2020.

When complete Ivory 21 will be a 10-story medical and professional office building with an accompanying Tapestry Collection by Hilton™ hotel. Along with its recently announced sister project, 12|12 Aventura, the projects will serve as the epicenter of the ‘Aventura Medical District.’ Ivory 214 is a Class A+, state-of-the-art facility featuring an independent hotel and medical office space. The contemporary building is comprised of 10,942 SF of retail, 38,191 SF of offices, 100 hotel rooms, and 313 parking spaces.

The significant project milestone comes on the heels of the extraordinary sales interest for the project’s office condos, which has just four office spaces remaining, from the original 34. Sales of the Ivory 214 office condos has been led by Cervera Real Estate as the exclusive broker.

“Securing the construction financing for Ivory 214 is an especially proud moment and a key step in delivering this compelling project to Aventura,” said Bernardo Rieber, principal of Rieber Developments. “Today’s closing is an endorsement of the continued strength and market appeal of Ivory 214 as we continue our forward momentum.”

Driftwood Hospitality Management will serve as the hotel operator of the Tapestry Collection by Hilton™ hotel which will feature 100 extended stay rooms complete with kitchenettes, and premium amenities including a fitness center, pool and cabanas, meeting rooms, a lounge area, restaurant and bar, rooftop terrace, valet parking, and 360-degree views of Aventura.

Located at 2820 NE 214 St, Aventura, FL 33180, Ivory 214 boasts a prime central location, less than one mile from Aventura Mall, and directly adjacent to Aventura Hospital.

Rieber Developments Reveals Mixed-Use 12|12 Aventura In The New Aventura Medical District

The Aventura-based Rieber Developments, led by Bernardo Rieber, has revealed plans for 12|12 Aventura, a mixed-used project with offices for medical professionals, a luxury senior living component and vibrant dining and shopping. Set to be among the first of its kind in South Florida, the visionary project, along with its sister development, the under-construction Ivory 214, a medical and professional office building with an accompanying Tapestry Collection by Hilton™ hotel, will serve as the epicenter of the ‘Aventura Medical District.’ 12|12 Aventura is situated in a prime location at 21290 Biscayne Blvd, Aventura, FL 33180, less than one mile from Aventura Mall, and directly adjacent to Aventura Hospital. The centrally located development will serve as a destination for dining and shopping for area guests and locals alike, while offering a unique mix of medical and professional office condos, a luxury senior community and commercial retail complete with a Chelsea Market-style food hall on the ground floor. Designed by Arquitectonica, 12|12 Aventura will be a 12-story complex consisting of 30,000 SFof commercial retail space, 30,000 SF of offices, a 150-residence luxury senior living component and a structured parking garage. ID & Design International is outfitting the interiors of the common areas throughout the project.

“Our vision for 12|12 Aventura and the Aventura Medical District is to meld community, culture, health and wellness with unmatched convenience for our tenants, patrons and residents. We believe healing begins with architecture, and when we set out to develop this project we ensured every element was thoughtfully designed with this in mind,” said Bernardo Rieber, principal of Rieber Developments. “Offering a state-of-the-art food hall, lively contemporary restaurants, enticing retail and offices as well as modern-style luxury senior living where residents can interact more, this project was truly created to complement the surrounding community.” 

Sales of the 12|12 Aventura office condos recently launched with Cervera Real Estate as the exclusive brokerage. General contractor Winmar Construction, an affiliate of Coastal Construction, will break ground on the project in December 2019 with completion slated for 2021.

Premium Developer Group Launches Oppenheim-Designed Office Condo Sales at Emerald Aventura

Premium Developer Group has launched sales of their new Oppenheim Architecture-desiged, office-condo, Emerald Aventura. The contemporary office building will be located at 2655 Northeast 186th Terrace and is reportedly 30% sold. Emerald will feature 120,000 SF of total development with 40,000 SF of leasable office space with 6 conference rooms, 2 balconies, a rooftop garden and 132 parking spaces. CBRE and Miami Real Estate Group are handling leasing for the project. Premium Developer Group is expected to break ground in early 2018 with delivery in 2019. 

Turnberry Associates & LeFrak Close on $101 Million in Financing for SoLeMia in North Miami

Oleta Partners LLC, a partnership between real estate bigwigs LeFrak and Turnberry Associates, has secured a $101 million HUD-insured loan from Wells Fargo for their North Miami development SoLeMia. SoLeMia will ultimately be a 183-acre master-planned community around a 10-acre lagoon with beaches. The entire development will take over 10 years to complete and will feature 4,300 residential units, retail, entertainment and recreation.  The first phase of development will include 2 luxury apartment towers featuring 400 rental apartment units. The buildings will overlook Sunny Isles, Oleta State Park, Biscayne Bay and the Atlantic Ocean. Amenities include pool, rooftop deck/sky lounge, community rooms, a business center, a fitness center, and automated package rooms. The residences will reside next to a SoLēMia as a whole is planned to tally over 4,300 residential units and a town center, which will include shopping, dining, a hotel, and entertainment venues. The entire project is expected to take to a decade to complete.

Featured Listing: 4 Bedroom Miami Beach Waterfront 3423 Northeast 171st Street Listed for $3.8 Million

3423 Northeast 171st Street, North Miami Beach has listed for $3.8 million. The 4 bedroom, 3.5 bath waterfront home includes 3,313 SF of living area. The home also includes an outdoor entertainment area with summer kitchen, outdoor bar, fire pit, hot tub and Brazilian Ipe wood flooring. Listing and photos by Drossner Realty Inc.

CK Prive Group to Build Mixed-Use Project on Biscayne Blvd. in North Miami Beach

CK Prive Group is planning to build a mixed-use project on Biscayne Blvd. in North Miami Beach. The development will be designed by Arquitectonica and will be located at the intersection of Biscayne Boulevard and 163rd Street. It will feature 198 residential apartment units, 160 hotel rooms, 130,000 SF of office space, 200,000 SF of retail and 1,400 parking spaces. Leasing is under way with retail leases asking around $50 to $70 per foot. 

Featured Listing: 7321 Belle Meade Island Drive

7321 Belle Meade Island Drive, a 5,823 SF Mediterranean Italian Villa on Belle Meade Island, has hit the market for $5 million. The home is owned by Steven Perricone, the owner of the popular Brickell hotspot Perricone's Marketplace & Café. The home is 5 bedrooms and 7 bathrooms with a 3,000 SF basement, 2 story living room, 800 bottle wine cellar, chef's kitchen, 80' of waterfront and a marble fireplace. It is currently listed with Jeri Jenkins of Coldwell Banker Real Estate. 

2nd Mignonette Location to Open in North Miami Beach

North Miami Beach will have a new hot spot on Biscayne Boulevard as Chef Danny Serfer's Downtown seafood staple Mignonette will open a second location at the old Gourmet Diner owned by Rockwell Holding Group. The Gourmet Diner location is a 2,300 SF restaurant space at 13951 Biscayne Blvd. While the terms of the deal will remain private the list price was about $192K per year or about $16K per month triple net. Rockwell Holding Group is owned by Brett David who also owns the nearby Prestige Imports exotic car dealership. They purchased the old Gourmet Diner for $1.6 million in 2012. Serfer opened Mignonette two years ago and aims to preserve much of the historical charm of the old Gourmet Diner in his new restaurant. 

SoleMia Completes Road Work, To Break Ground on 2 Residential Towers

Miami Beach's SoleMia is moving ahead after completing the necessary road and site work needed to proceed with the development. SoleMia is a 183 acre, $4 billion megaproject by developers Jeffrey Soffer, Jackie Soffer and Richard LeFrak. The Soffer's Turberry Associates and LeFrak families are two of the oldest development families in Miami and have played a major roll in the evolving landscape of the city. The development will result in about 11 condo towers and retail surrounding two artificial ten-acre lagoons. They will start the project with 2, 200-unit residential condo towers located on Biscayne Bay which will break ground in early 2017. Two were previously built on the site in 2007 during the last development boom. The two new residential buildings are expected for completion in 2018. The retail part of the project will be known as SoleMia Mainstreet and will feature 400,000+ SF of retail including a grocery store, bowling alley, dine-in cinema, sporting goods store and restaurants.