Demolition Clears The Way For OKO Group And Cain International's Una Residences To Break Ground

An 11-story former condo building at 175 SE 25th Road, which was built in 1971, has been demolished, clearing the way for the highly-anticipated condo tower Una Residences, which is being developed by OKO Group, led by Vladislav Doronin, and Cain International. Demotion was completed April 25 and construction commenced immediately after.

Doronin began to assemble the site in 2016 by buying out current residents at nearly double the expected market value, roughly $48 million, before terminating the condo.

The nautically-inspired Una Residences was approved by Miami’s Urban Development Review Board in September 2018. The building will rise 47-stories and will feature 135 waterfront condos starting at $942,000. Both of Una's exterior and interior design are being overseen by Adrian Smith + Gordon Gill Architecture (AS+GG), the internationally acclaimed architects known for designing extraordinary skyscrapers like Saudi Arabia’s Jeddah Tower. Residences will offer private elevator entry, 10’8” ceilings, chef’s kitchens with Gaggenau appliances, master suites with his and hers wings, laundry rooms with washers and dryers, and expansive 180 degree terraces featuring seamless floor-to-ceiling doors with “effortless lift and glide” glass balcony doors, glass balcony railings, and panoramic views of Key Biscayne, Downtown, Miami Beach, and Coconut Grove.

Amenities include a private marina, three pools, a state-of-the-art fitness center with yoga and personal training areas, a spa featuring indoor and outdoor private massage treatment rooms, three levels of subterranean parking, a cinema, and 24-hour concierge. Una's location on a waterfront urban park setting will be further enhanced with a private bayside garden by Enzo Enea’s award-winning landscape architectural firm Enea Garden Design, Inc. Residents will also have access to the Grand Bay Club on Key Biscayne.

Sales for Una are being handled exclusively by Fortune International Realty. The project was initially expected to be completed by 2021.

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

Midtown Miami's Most Amenitized Luxury Apartment Tower, Gio Midtown, Receives TCO

Gio Midtown has just received its Temporary Certificate of Occupancy (TCO) from Miami-Dade County. The 447-unit and 39-story tower, which was jointly developed by Magellan Development Group and institutional investors advised by J.P. Morgan Asset Management, began to welcome its first residents on April 15. Bozzuto, which leads the project’s leasing and property management, launched leasing in January. Roughly 8% of the building has reportedly been leased so far.

Located in the heart of Midtown Miami, Gio Midtown offers close proximity to the neighborhood’s various restaurants and shops, as well as Miami’s Design District and Wynwood. Residents will also be given exclusive perks at local businesses, including Tap42 and Barry’s, and will be able to enjoy a plethora of amenities located inside the building.

The 5th floor offers a sprawling pool deck, along with a 25-yard lap pool, cabanas, grilling stations, and an outdoor whirlpool spa. Those wishing to workout can visit the outdoor CrossFit station and basketball court, or head indoors to the 4,471 square-foot fitness club to partake in group classes like yoga, Bootcamp, and Zumba. The spa, sauna, and steam rooms provide a calming space to unwind and relax, as does the Himalayan salt room with its salt floor and rocks which boast restorative properties to improve breathing and skin. 

Residents with pets will also be able to pamper their pets and host playdates in the Dog Lounge and at the spa with on-site groomers. Family-friendly amenity spaces include a designated indoor area ideal for kids’ parties, a private outdoor playground, a game room, and a family lounge. 

Gio Midtown’s floor plans include studios, one-, two-, and three-bedroom residences that range from 386 to 1,919 square feet. Studios start at about $1,58, one-bedroom at $1,775, two-bedroom at $2,775, and a three-bedroom at $3,790. Units’ luxury finishes include ceramic tile backsplashes, quartz countertops, keyless entry, and sprawling terraces.

Designed by bKL Architecture LLC, the project’s exterior features geometric and angled balconies serve as an ode to Italian modernist architecture and mid-century modern design. Fanny Haim & Associates created the property’s common areas with a soothing color palette, unique millwork, and pops of brushed gold.

“We understand that these are challenging times for all, and we hope that Gio Midtown will serve as a sanctuary for our first residents,” said Brian Gordon, executive vice president of Magellan Development Group. “There has been a tremendous amount of support and positivity amongst our team and we appreciate everyone who has played a pivotal role leading up to this milestone. We are optimistic that Gio Midtown will set a new standard for multifamily living in South Florida.” 

Gio Midtown was built and designed to LEED Silver sustainability standards and offers a bike workshop and wash station, as well as electric car chargers. It expects to receive its LEED certification in about a year. 

By Isabella Zimmermann

Related Group Selects Stantec To Lead The Architecture & Engineering Of Manor Miramar

The global design and delivery firm Stantec has announced that it has been selected by Related Group to provide architectural and engineering services for the Manor Miramar residential project located in the Miramar Town Center at 1 Main Street. Manor Miramar will rise eight stories and include 393 high-end residential units, 28,000 square feet of ground-floor retail, and a 650-space parking garage.

The project’s Mediterranean-inspired design will feature elegant arched windows, terracotta barreled tiled roofing, and a main entrance whose porte-cochère is adjacent to a landscaped plaza furnished with paved pathways and benches. The ground floor’s arched covered walkways and large windows are fit to attract any passerby to the various residential amenity spaces, including a bowling alley, game room, fitness center, spa, dining areas, and retail stores.

Manor Miramar is within walking distance to several of the city’s landmarks within the Miramar Town Center, such as the city hall, the cultural arts center, library, an education facility, and a transport hub.

“The residential complex will be an important component of the City of Miramar’s master plan to transform the Miramar Town Center into a true hub for the community,” said Christina Villa, senior associate and project manager with Stantec’s Miami office. “The building’s design will complement the area’s existing Mediterranean style of architecture and the city’s vision of a vibrant main street with promenades and retail shops.”

Residences comprise of studios, one-, two-, or three-bedroom units and range anywhere in size from 420 square feet to 1,600 square feet. Seven two-story, three-bedroom units will have their own private terraces that face both the interior courtyard and pool. Construction for Manor Miramar is scheduled to begin in 2020.

By Isabella Zimmermann

Beauty & Fashion Entrepreneur Loren Ridinger Purchases Residence at Two Roads Development's Elysee in Edgewater

Internet beauty and fashion mogul Loren Ridinger, co-founder and senior executive vice president of Market America and founder of the cosmetics brand Motives, has purchased a new condo at Elysee. The three-tiered, 57-story luxury building in Miami’s Edgewater district was designed by Arquitectonica’s Bernardo Fort-Brescia and boasts elegant interior spaces from Parisian designer Jean-Louis Deniot. Elysee is scheduled to be completed later this year.

Ridinger’s half-floor residence at the boutique high-rise will have 4 bedrooms, a den, 5.5 bathrooms, and 180-degree direct east/west facing terraces that will give panoramic views of Biscayne Bay, Miami Beach, and the Downtown Miami skyline, for a total of 3,865 square feet of interior and exterior space. The unit also features private elevator access, 10-foot-high ceilings, custom Waterworks master bedroom fittings and fixtures, and gourmet kitchens with ItalKraft cabinetry and professional-grade appliances.

“I was attracted to Elysee’s estate-sized units, incredible views, massive offering of amenities and, above all, its amazing location,” said Loren Ridinger. “Edgewater’s proximity to the Design District, coupled with the building’s on-site entertaining and business spaces are particularly appealing and conducive to my personal and professional lifestyle needs.”

Elysee offers three full floors of amenities. The Grand Lobby Level, with its elegant marble living room area, bayfront lounge, and waterfront pool, is minutes away from Downtown’s Art & Entertainment District, the Miami Design District, the Wynwood Arts District, Midtown Miami, and Miami Beach. The tower’s 7th-floor provides a resort-sized lap pool, a state-of-the-art fitness center, a spa with private sauna, steam and massage rooms, a blow-dry bar, and a children’s playroom. The Elysee’s Owners’ Sky Level on the building’s 30th floor is home to a Grand Salon lounge and bar area, a Grand Dining Room that fits 24 guests, a catering kitchen and chef’s table, a private screening room, and a media room.

The purchase price of Ridinger’s unit was not disclosed. However, Elysee’s 100-half floor and full-floor residences’ prices range from $1.8 million to $10 million, with floorplans from three to six bedrooms that measure between 2,200 and 6,600 square feet. Similar properties to Ridinger’s in the building’s “middle tier” go anywhere from $2.9 million and $3.6 million.

Elysee’s exclusive sales and marketing partner, Douglas Elliman Development Marketing, represented the property’s developer, Two Roads Development, and Ridinger in the transaction.

“We’re thrilled to welcome the Ridingers to Elysee in Edgewater, where the new Miami lives,” said developer Reid Boren, managing partner at Two Roads Development. “We’re continuing to see buyers attracted to the size of our units and the privacy of a boutique building. Plus, our personalized concierge services are especially attractive to buyers like Loren who travel frequently and would benefit from a full-service lifestyle building.”

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

Oasis Hallandale Reveals New Renderings For 10-Acre Mixed-Use Development

Oasis Hallandale is a new multi-block district of residences, shops, restaurants, urban parks, and offices designed by Bernardo Fort-Brescia of Arquitectonica that will soon become a pedestrian-friendly city center to the city of Hallandale Beach. The development is located at 1000 E Hallandale Beach Blvd. Hallandale Beach and is estimated to be completed in 2025.

Oasis Hallandale will combine a live, work, and play lifestyle and community with boating, the nearby beaches, Gulfstream Park, the Hollywood Beach Boardwalk, Aventura Mall, Seminole Hard Rock Hotel & Casino, and the Fort Lauderdale-Hollywood International Airport all in one prime location.

“We are thrilled to play such a significant role in the growth of the city by delivering such a beautifully-designed core development to Hallandale Beach,” said developer Giuseppe Iadisernia, founder of Hallandale Oasis 2019 LLC, who purchased the 10-acre site in 2015. Iadisernia recently revealed new designs for the mixed-use concept to showcase the commercial and residential vision of the project. “This concept will elevate the city’s social spaces and offerings for residents and visitors alike.”

The residential portion will be made up of 500 multifamily units in two 25-story residential towers. Residences will range from 1-3 bedrooms and 891-1,843 square feet and will be equipped with floor-to-ceiling windows, walk-in closets, imported Italian cabinetry, stainless steel appliances, and balconies with glass railings. Residents will be able to enjoy luxury-level amenities that will fit any needs, such as a golf simulator, indoor and outdoor movie theatres, a fitness and wellness center, a yoga lawn, a ping-pong room, a mini soccer field, storage, a barbecue and fire pit areas and pet park, a splash-pad for children, poolside cabanas and 24-hour lobby attendants.

Oasis Hallandale will have five buildings dedicated to commercial spaces, with 59,219 square feet of retail and restaurant space, 34,691 square feet of office space, and 1,486 parking spaces. Lush, green urban parks will decorate the area throughout, making it a perfect location for public gatherings.

“The interest from the community has been tremendous,” said Norma Campos, Sales Director of Oasis Realty company, the in-hour real estate firm that is exclusively handling all sales. “This project is delivering an iconic centerpiece for this beautiful destination, offering the walkability and convenience that people are looking for while remaining close to the beach.”

Oasis Hallandale’s state-of-the-art spaces are attracting many eager tenants. Sales were launched for the first two buildings of the commercial phase, with 60% of spaces already under reservation. The sales launch for the entire project is scheduled to follow later this year.

Shoma Group Closes On $17.6 Million Construction Loan For Ten30 South Beach

South Florida developer Shoma Group has announced that they have closed on a $17.6 million construction loan for Ten30 South Beach. The loan was provided by New York-based ACRES Capital Corp.

“We are very proud to secure construction financing with ACRES Capital for Ten30 South Beach as we step closer to delivering this compelling project to Miami Beach,” said Masoud Shojaee, CEO of Shoma Group. “Especially in today’s current climate, this closing is an endorsement of the market appeal of Ten30 as we continue our forward momentum bringing this attractive proposition to the Miami Beach market.”

Already under construction, Ten30 South Beach is a moderately priced, yet elegantly designed luxury retreat away from the high-rise condominium projects that have priced domestic buyers out of South Beach. Rising four stories, Ten30 South Beach will offer a curated collection of just 43 condominiums including studios, one- and two-bedroom units with expansive terraces and stylish interiors priced from the $400,000’s with low association fees of less than $400 per month.

“It has been a pleasure to work with Masoud and his team throughout the iterations of this project to bring this unique offering to Miami Beach,” said Michael Horowitz, of Cooper Horowitz, who arranged the financing on behalf of Shoma Group. “ACRES Capital immediately recognized the niche in the market that this product would serve and efficiently pursued and concluded the financing despite the current economic climate. It was a collaborative effort from start to finish, and we look forward to watching this project succeed.”

The significant project milestone comes on the heels of the project’s recent financing program announcement, which hopes to make luxury more attainable to domestic buyers by lowering the initial deposit requirement to 15%. Current financing programs also make it possible for qualified domestic buyers to attain up to 97% financing with the excess of the 15% deposit amount being used to cover closing costs, pre-paid items and possibly a portion of the original deposit being refunded to the buyer at closing. For domestic buyers looking to make the move to an exclusive yet sometimes elusive beach address, this could put Miami Beach living within reach.

“The Ten30 South Beach project was an attractive origination opportunity due in part to its targeted segment of the highly desirable South Beach market,” said Mark Fogel, ACRES President and Chief Executive Officer. “Its attainable price point and low common charges for each unit will accommodate a variety of residents, including local buyers looking to buy their first home, empty-nesters that are downsizing or those relocating from states with higher taxes. This wide appeal is augmented by strong, local sponsorship in Shoma Group, which will ensure that the property’s business plan is adeptly executed.”

Exclusively marketed and sold by Fortune Development Sales, Ten30 South Beach includes a myriad of upscale amenities including an expansive 6,000 SF rooftop deck with a rosé-colored pool, lounge, and outdoor kitchen area complete with barbecue and yoga space. Residences come with covered parking. With state-of-the-art technology and high-end finishes, each residence will offer sophisticated technology, including the Samsung Family Hub refrigerator, which allows residents to send messages, order Uber rides, play music or see inside their fridge and browse the internet for recipes using available ingredients. Italian-designed chef caliber kitchens, Bluetooth enabled keyless entry with cameras that offer complete control through a homeowner’s mobile phone, and spacious master bedrooms with a unique open bathroom concept complete Ten30’s array of amenities that tastefully create a sense of sanctuary expressed in lyrical terms.

Ten30 offers residents the style and prestige of an exclusive address surrounded by premier shopping, dining and dazzling attractions of Miami Beach. The famed Lincoln Road shopping district is just minutes away as well as top dining experiences at Sunset Harbor. Ten30 is also conveniently located steps from Flamingo Park, where residents can enjoy several activities including a state-of-the-art aquatic center, Bark Park, baseball and football stadiums, basketball and racquetball courts, soccer and softball fields in addition to a tennis center and children’s playground.

For more information about Ten30, private showings or purchasing/ leasing information please fill out the form below:

Tracking COVID-19 By The Numbers: Breaking News In South Florida

(Last Updated 6:14 AM 3/27/2020):

BREAKING: 

• City of Miami officials have announced a curfew for its residents that will begin Friday night. According to officials, all residents must be indoors from 10 p.m. until 5 a.m. (3/27/2020)

• Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

• Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business 9 PM Thursday. (3/20/2020)

• All U.S. Citizens traveling around the world should return home ASAP or be prepared to stay abroad for an indefinite period. (3/19/2020)

Continue to check back for updates to below as we continue to track COVID-19 across South Florida:  

Stats:

• Number of Cases in Florida: 830+ (3/23/2020)

• Fatalities in Florida: 13+ (3/23/2020)

• Number of Global Cases: 351,000+ (3/23/2020)

• Global Fatalities: 15,321+ (3/23/2020)

• Number of U.S. Cases: 35,075+ (3/23/2020)

• Fatalities in the U.S.: 458+ (3/23/2020)

Miami-Dade County:

• Miami-Dade County # Cases: 2900+ (3/27/2020)

• BREAKING: Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

• BREAKING: Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business (3/20/2020)

• CONFIRMED CASES IN BRISTOL TOWER BRICKELL & SOHO BEACH HOUSE (3/19/2020)

• Officials have ordered the closure of all restaurants, bars, movie theaters, concert houses, auditoriums, playhouses, clubs, gyms, arcades, bowling alleys, etc. which will go into effect 11 PM Tuesday. All grocery stores, pharmacies, take-out and delivery services will remain open at this time (3/17/2020)

  • All bars and nightclubs will be closed for 30 days.

  • Restaurants will only be able to operate at half capacity.

  • Exceptions granted if they have a capacity of 10 people or less.

  • Mayor Carlos Jimenez signed the emergency order, but remains in self-quarantine after being exposed to a Brazilian government official who tested positive following a visit to South Florida.

• Miami-Dade Public Schools are now closed through at least April 15. (3/19/2020)

  • Miami-Dade Public Schools have closed this week and next. (3/16/2020)

• Key Biscayne and North Miami Beach have implemented curfew between 10 PM and 5 AM (3/19/2020)

• Officials have closed the beach from 5th to 15th Street, including Lummus Park.

• All city parking garages are closed to non-residents.

• In addition, all non-essential retail stores will be required to close at 10 p.m. daily. (3/16/2020)

  • Businesses excluded from this directive include: Pharmacies, grocery stores, convenience stores, private offices, banks, hotels, hospitals, medical service providers, medical supply stores, hardware stores, gasoline service stations and automotive supply and repair centers.

• An entertainment district curfew will go into effect at 11 p.m.

• All restaurants are asked to keep occupancy at 50% or less, and have under 250 people in each establishment at any given time.

• Ultra Music Festival has been cancelled.

• Miami Music Week has been cancelled.

• ArtScape Concert has been cancelled.

• The Miami Open Tennis Tournament has been cancelled. 

• University of Miami & FIU have moved classes online until the end of the spring semester. (3/20/2020)

• University of Miami Spring Commencement postponed until December. (3/20/2020)

• The Hardrock Seminole Hotel & Casino has suspended entertainment operations. 

• Calle Ocho Festival has been cancelled.

• Mayor Francis Suarez has confirmed that he has COVID-19.

Broward County:

• Broward County # Cases: 180+ (3/23/2020)

• Broward County Public Schools are now closed through at least April 15. (3/19/2020)

• Officials have closed the beach from Harbor Beach to Oakland Park Boulevard.

• Restaurants and bars must close by 10 p.m.

• Restaurants and bars are asked to operate at 50% capacity and have no more than 250 people at any time.

• The Tortuga Music Festival, which was set to run from April 17-19, has been postponed.

• The Wharf Fort Lauderdale is closed until further notice.

• The listed measures will remain in effect until April 12.

Palm Beach County:

• Palm Beach County # Cases: 59+ (3/23/2020)

• Town of Palm Beach implements curfew until further notice from 9 P.M. - 6 A.M. (3/18/2020)

• Palm Beach County Public Schools are now closed through at least April 15. (3/19/2020)

• Beaches will be closed on Tuesday 3/17/2020

• Nursing Homes and Assisted Living Facilities are closed to visitors.

• Drive-through testing underway at FoundCare (2330 S. Congress Ave, West Palm Beach - call 561-967-0365 to see if you qualify and for appointments)

National:

• BREAKING: The Federal Government has passed a $2.2 trillion stimulus package.

• United States of America # Cases: 35,075+ (3/23/2020)

• United States of America Fatalities: 458+ (3/23/2020)

• Income tax filing deadline moved to July 15 (3/20/2020)

• Foreclosures and HUD evictions have been halted for 60 days.

• CDC recommends ban on gatherings of 10+ people. 

• The Players Championship was cancelled & PGA Tour is suspended.

• NBA, NHL, MLB and MLS have suspended their seasons. 

• All ski resorts have closed.

Apparel Industry Icon Gerard Guez Purchases Unit at Arte by Antonio Citterio For $11,480,000

An Israel- and New York-based luxury real estate development firm SC 8955 LLC, a subsidiary of Sapir Corp Ltd., announced that Gerard Guez and his wife Jacqueline Rose will purchase unit 601 on the 6th floor of the oceanfront boutique condominium, Arte by Antonio Citterio. The boutique, waterfront luxury building is nearing completion and receipt of its certificate of occupancy. The transaction will close during the second quarter of 2020 with a purchase price of $11,480,000. The Purchase Price reflects $2,713 per SF.

“We are excited that Jacqueline and Gerard will be among the residents of the Arte project as we enter active sales,” said Alex Sapir, who is developing Arte. “We look forward to welcoming them home this spring.”

“The residences at Arte were designed as trophy homes for our very exclusive clientele,” said Giovanni Fasciano, a development partner in Arte. “We are proud that the building resonated with Jacqueline and Gerard and thrilled that they have decided to make unit 601 their Miami home.”

Nestled in the exclusive enclave of Miami’s Surfside neighborhood, Arte, an oceanfront condominium, is the first project in the United States by Antonio Citterio, the Italian master architect known for his collection of Bulgari and Mandarin Oriental hotels located throughout the world’s most posh destinations, including Dubai, London, Milan and Bali. Citterio viewed Surfside as the next great American Riviera and designed the 16 residences at Arte to emulate the destination’s global sophistication. The residences were designed inside and out by Citterio, and in collaboration with Kobi Karp Architecture & Interior Design. At Arte he used only the highest quality materials, like Roman travertine hand- selected from Italy, and created seamless indoor-outdoor living spaces punctuated by expansive wraparound terraces with Ipe decking. A complete suite of resort-style amenities also reflects this lifestyle. The array includes a 75’ indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature- controlled parking spaces.

“It’s rare that you see such high-end features in a condominium, and we felt it was a great time to invest in Surfside,” said Gerard Guez, who currently serves as the chairman and founder of Sunrise Brands, an apparel conglomerate built upon the formerly public company Tarrant Apparel Group that he founded in 1988 with the iconic brands Sasson jeans and JAG. For over 40 years, Gerard’s companies have designed and produced denim jeans and other apparel for countless recognizable brands that we know today. He shepherded the success of premium denim in the United States, helping define ‘80s pop culture with commercials including Elton John, Carol Alt, Nicolette Sheridan and The New York Rangers. His latest portfolio of brands includes NYDJ/Not Your Daughter’s Jeans, American Rag, DG2 by Diane Gilman and Seven7Jeans, and his company recently closed on the acquisition of Donald Pliner, a brand specializing in women’s and men’s footwear and accessories. Gerard is also a founder of the iconic Buddha Bar, which began as a single restaurant in Paris and has grown into a worldwide collection of luxury hotels, restaurants and spas, and is an active investor in real estate, fintech and other public and private equity. Arte is Gerard’s first Miami condominium and joins his prestigious roster of homes throughout the U.S., which includes a residence at Manhattan’s famed supertall skyscraper, 432 Park Avenue. As a world traveler with an appreciation for European sensibilities, Gerard was drawn to the Mediterranean-inspired lifestyle at Arte.

East End Capital & Related Group Secure $136 Million In Refinancing For Wynwood 25 & Wynwood Annex

Partners East End Capital and The Related Group closed on $136 million in financing for its a master-planned, mixed-use developments Wynwood 25 and Wynwood Annex. The financing was provided by Blackstone Real Estate Debt Strategies and is being used to fully satisfy the construction loans for both projects and return equity to the partners. Completed in June 2019, the nine-story building is already nearly 90% leased.

“This financing is a significant milestone for Wynwood 25 and the Annex as it officially marks the completion of these pioneering Wywnood developments,” said Jonathon Yormak, of East End Capital. “We thank our partners for their support.”

Approximately $110 million of the loan was used for Wynwood 25, Wynwood’s first purpose-built, rental community, which adds 289 rental units ranging from 400 SF studios to three-bedroom apartments to the market. Designed by architect Kobi Karp, with interiors by Meshberg Group, Wynwood 25 features amenities such as a 24/7 concierge, valet parking, electric car charging stations, pet grooming spa, rooftop lounge and kitchen, library with co-working space, state-of-the-art fitness room with virtual spinning studio, and a heated resort-style pool with a sunbathing deck area that looks down on the world-famous Wynwood Walls. Wynwood 25 also features 28,518 SF of retail space, featuring ice cream shop, Salt & Straw, and acclaimed Austin-based Japanese powerhouse, Uchi, expecting to open in the Spring 2020.

“Wynwood 25 and the Annex ushered in a new era for Miami’s most popular neighborhood, and the response from renters, tenants and the Wynwood community has been overwhelmingly positive,” said Jon Paul Perez, executive vice president for Related. “We look forward to continuing to bring these kinds of thoughtfully designed properties to Wynwood as it grows and evolves.”

Nearly $26 million of the refinancing loan was utilized for The Wynwood Annex, the second component of the mixed-use development. The Annex is a 60,000 SF, Class-A office building, geared towards TAMI tenants, such as Live Nation, that has already moved into its full floor space at the building. The Annex boasts loft-like office space with soaring ceilings and private outdoor space, individually sized floor plans, and on-site parking. Other features include a 4,429 SF ground-floor retail component as well as a communal rooftop terrace with outdoor seating.

Apartment leasing at Wynwood 25 is being managed by The Related Group. Retail leasing at Wynwood 25 and Wynwood Annex is being handled by Richard Skulnik at RIPCO. Office leasing at Wynwood Annex is led by the team of Gordon Messinger and Ericka Witkowski of Cushman & Wakefield.

Alta Developers Launches Sales At The Recently Completed Quadro At The Miami Design District

Alta Developers, a South Florida-based real estate development firm, has announced the completion and launch of sales at Quadro at the Miami Design District. Quadro at the Miami Design District is a resort-style condominium with 198 turn-key residences where art is integrated throughout the entire development. Designed by Behar Font & Partners, international homebuyers and art lovers from across the globe can now enjoy art, designer finishes, sweeping city and bay views just across from the Miami Design District.

Quadro at Miami Design District also offers short-term rental flexibility as short-term rentals are fully permitted, residents and guests alike can wake up in the Miami Design District to enjoy the trendy lifestyle destination and shop, dine or play only a few steps away. Quadro provides owners a unique benefit of placing units into a short-term rental program especially designed for this development. The management company can arrange lodging and homestays for visitors.

“As the residential luxury market evolves in South Florida, buyers have created a demand for sensational high-end turn-key residences that provide exhilarating environments and resort-style amenities at compelling pricing points,” said Raimundo Onetto, Principal & CEO at Alta Developers. “Quadro gives buyers solid opportunities where they can list their designer residences into a short-term rental program while they are traveling. Quadro is truly redefining modern day living in Miami’s chic Design District.”

Introducing a more creative feel to resort-style living, Quadro incorporates more than 542 one-of-a-kind art pieces and installations by Art with DNA. Taking inspiration from Miami’s sparkling ocean, vibrant colors and shapes, Quadro is an ode to South Florida’s nautical environment creating a tranquil space for creativity and collaboration.

Residences at Quadro are turn-key and ready for immediate occupancy. Units range in size from large studios, to 973 SF one-bedroom residences and up to 1,280 SF two-bedroom residences with terraces. All residences are designed with hand selected color palettes for the interior walls, doors and trims, stainless steel appliances, private balconies with spectacular views, 9’ – 13’ high-ceilings with floor-to-ceiling windows, Italian porcelain tile throughout, modern-white roller shades and open concept kitchen and living room. Designer furniture packages are also available. Each residence is technology enhanced including NEST smart home thermostats as well as a bluetooth keyless entry system with cameras that offer complete control through a homeowner’s mobile phone.

“Quadro is truly distinct in many ways and it presents great opportunities for residents and buyers. The product is approved to accommodate short term rentals plus it is ready for occupancy now, providing the buyer immediate use or rental income from day one. This, coupled with its prime location in the Miami Design District and compelling price points, positions Quadro as one of the best value propositions in the city,” continued Onetto.

The 12-story boutique building offers a variety of amenities that coalesce with the urban environment of the Miami Design District and its close proximity to the bay. An expansive amenities deck with a pool, summer kitchen and cabanas provides plenty of spaces for outdoor recreation with panoramic views of Biscayne Bay, while the expansive poolside club room, yoga and spinning rooms create a private setting fit for relaxation or spending time with friends and family. Quadro also features electric car charging stations and state-of-the art pet washing facility.

Residences are exclusively marketed and sold by Fortune Development Sales and start at $399,000.

For more information about Quadro at the Miami Design District, private showings or purchasing/ leasing information please fill out the form below: