Check Out The Newly Revealed Italian Designer Units At The Ritz-Carlton Residences Miami Beach

The Ritz-Carlton Residences, Miami Beach, has revealed a selection of Italian designer move-in ready units by Flexform, B&B Italia and Baxter. The luxury condo building was completed in February 2020 and was designed by renown Italian architect Piero Lissoni as his first full-scale project in the U.S. The Ritz-Carlton Residences, Miami Beach was developed by Lionheart Capital, a Miami-based real estate development firm, and is the largest residential adaptive reuse project in South Florida.

The Flexform furnished unit is a 3 bedroom, 3.5 bathrooms spread over 2,634 SF of interior space and 244 SF of exterior space priced at $3,425,000. The B&B Italia model residence is a 4 bedroom with a den and 3.5 bathrooms spread over 3,820 interior SF and 650 exterior SF. The home includes honed silk georgette limestone flooring, Terre de Siene wood oak flooring in bedrooms, Lualdi oversized solid-core doors, and more. The B&B Italia unit is listed for $5,231,000. The Baxter residences is a 3-bedroom with a den, family room and 3.5 bathrooms with 3,835 interior SF of space and 708 exterior SF. The residence is listed for $5,780,000.

The Ritz-Carlton Residences Miami Beach features 111 residences and offers a selection of world-class amenities including the world’s first residential art studio, 36 private boat dockages and private on-site captained day yacht, an ecological food forest and community garden, a half-acre rooftop pool deck with private cabanas, a private cinema-style screening room, a meditation garden, and a medical concierge. The building also features over 20 private elevators and private suites.

For more information about The Ritz-Carlton Residences, Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

Monaco Yacht Club & Residences Debuts Sales Gallery In Miami Beach

Monaco Yacht Club & Residences, which is being developed by Optimum Development USA, has revealed its newly opened sales gallery at 6897 Collins Avenue in Miami Beach. The nautically themed, boutique Bayfront condominium offers its own private marina and just thirty-nine luxurious waterfront residences delivered fully finished with curated interiors by world-renowned Italian interior designer Piero Lissoni.

“We are delighted to at last unveil the much anticipated Monaco Yacht Club & Residences sales gallery,” said Ricardo Tabet, CEO of Optimum Development USA. “The sophisticated design showcases the extraordinary talents of Piero Lissoni and Bernardo Fort-Brescia of Arquitectonica and is an overall reflection of the building’s program of luxury living, fun lifestyle, laid-back environment, and relaxed atmosphere.”

Lissoni is recognized as one of the masters of contemporary design and known for a stunning portfolio of international projects in the fields of architecture, landscape, interior, product and graphic design and corporate identity. Lissoni is also the art director for some of the most influential design companies for whom he designs an extensive range of products such as Boffi, Fantini and Salvatori, all of which are incorporated into the design of the new sales gallery.  

The sales gallery showcases Lissoni’s inspired designs with modern interiors in white warm tones, refined Italian-made fixtures and finishes, and Arrigoni wide plank wood flooring from Austria, where for each tree felled, four are planted. 

“It is a very proud moment for us to officially welcome prospects and the real estate community to experience the Côte d’Azur in the heart of Miami’s Mid-Beach,” said Rodolfo Misitano, CEO of Optimum Asset Management (parent company of Optimum Development USA). “The exquisitely designed sales gallery offers an up-close opportunity for our guests to experience what it’s like to live in one of our residences and the ultimate indoor/outdoor lifestyle that Monaco Yacht Club & Residences will offer.”

The bayfront Monaco Yacht Club & Residences will rise 12-stories and was designed by international architecture firm Arquitectonica, led by Bernardo Fort-Brescia. The building is slated for completion in the third quarter of 2021.  Monaco Yacht Club & Residences are drawing rave reviews for its exceptional combination of world-class style, intimacy and exclusivity located on one of the last remaining waterfront properties in the area.

Monaco Yacht Club & Residences will offer one to four bedroom residences, ranging in size from 918 SF to nearly 5,000 SF. A limited collection of two impressive penthouses will offer expansive living areas, including private terraces with summer kitchens, starting at 2,888 SF. Residences are primed for indoor/outdoor living and entertaining, the meticulously designed homes will feature expansive wraparound terraces, each with finished floors and ceilings and sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline.  Additional highlights within the residences will include stone countertops, 10’-11’ high ceilings throughout, large walk-in closets, pre-wired for Home Automation systems to accommodate the latest “Smart Building” technology, private elevator entrances, custom Boffi kitchens and premium bathroom interiors featuring imported Italian marble flooring, spacious tubs and frameless, glass-enclosed rainfall showers with designer faucets. 

Monaco Yacht Club & Residences will also feature a 12 slip marina available exclusively to residents, as well as a yachting concierge for maintenance needs, yacht charters or sailing, and fishing excursions for the day to the Bahamas, the Florida Keys or to enjoy the Atlantic Ocean and the best of South Florida’s coastal living. Other waterfront amenities include paddle boarding, kayaking and more. 

Additional resort-style amenities include a “Resident’s Lounge” featuring a library and breakfast bar for leisurely waterfront dining; a breathtaking rooftop terrace with panoramic views of the Miami skyline featuring a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining; as well as a state-of-the-art fitness center overlooking Biscayne Bay.

Residences are priced from $1.1 million with sales and marketing handled exclusively by Fortune Development Sales.

CMC Group Closes On More Than $31 Million in Penthouse Sales In Last 90 Days At Brickell Flatiron

CMC Group’s newly completed Brickell Flatiron condominium in Downtown Miami’s Brickell Financial District has successfully closed on four upper penthouse residences totaling $31.6 million in finalized sales over the last 90 days. The 64-story tower, built by CMC Group founder and veteran Miami developer Ugo Colombo, was delivered in November 2019, and over 90% of its contracts have already been closed. Approximately 98% of the building’s 527 units are sold to buyers from around the world, with more than half of its residents hailing from within the domestic United States. The 736’ skyscraper, located at 1000 Brickell Plaza, currently stands as the tallest condominium in Miami.

Brickell Flatiron’s upper penthouse collection, located on floors 62 through 64 of the tower, includes expansive single-story, two-story duplex and three-story triplex residences measuring from 3,600 SF and up to 7,900 SF in size. The sales include a 7,856 SF 6 bedroom, 3-story triplex penthouse with a private pool for $13.2 million; a 5,453 SF 4 bedroom, 3-story triplex penthouse also with a private pool for $11.2 million; a 2,726 SF 4 bedroom penthouse for $2.32 million and a 3,626 SF 4 bedroom, 2-story duplex penthouse for $4.9 million. One developer-owned duplex penthouse unit remains available for purchase, which is now on the market for $9 million.

“Now more than ever, buyers have grown accustomed to and appreciate the level of detail we have always strived to deliver at CMC Group,” said developer Ugo Colombo, founder of CMC Group. “Brickell Flatiron’s last available penthouse embodies true Italian design. Every element used – from the finishes and fixtures, to the furniture pieces and colors – was designed with the highest quality materials and the utmost attention to detail to achieve a unique, one-of-a-kind product that will stand the test of time.” 

“In the last few weeks, we have closed the balance of our sold penthouses,” said Vanessa Grout, president of CMC Real Estate. “The demand to purchase our last remaining developer-owned residence is coming from individuals both international and domestic.”

Rising 62 stories above Miami’s preeminent Brickell neighborhood, Brickell Flatiron’s last remaining duplex penthouse spans 4,633 SF of interior space with terraces extending from all rooms. The grand two-story residence features 4 bedrooms, 5.5 bathrooms and a vast 20’ double height living area enveloped by expansive north and east cityscape and water views. The fully finished “townhome in the sky” has been meticulously designed by Barcelona-born architect Alexis Cogul Lleonart of Miami-based Doo Architecture and enriched with beautifully curated accessories by Nest Casa. Alexis Cogul Lleonart’s design model for Brickell Flatiron’s last remaining upper penthouse expands upon CMC Group and Ugo Colombo’s ethos to create livable spaces with functional yet refined interiors that feel like home.

“A well-designed space must provoke, enhance and encourage a reaction,” said Alexis Cogul Lleonart, founder and principal of Doo Architecture. “If this happens, our work is completed.”

Brickell Flatiron’s architectural design is the brainchild of architect Luis Revuelta, who is behind many of Miami’s iconic high-rises including CMC Group’s Bristol Tower, Santa Maria and EPIC Residences & Hotel. On the inside, master Italian design architect Massimo Iosa Ghini uses inspiration from Revuelta’s curved façade to outline the tower’s sleek common areas and public amenity spaces, creating a seamless transition from exterior to interior.

The development’s privately owned permanent art collection includes a series of exclusively produced large-scale paintings and sculptures by New York artist Julian Schnabel, as well as signature pieces by Italian artist Carlos Battaglia and Italian photographer Marco Glaviano, which are displayed in the building’s grand lobby and public amenity spaces.

Amenities include a 64th-floor rooftop level with a Sky Spa, Sky Pool and Sky Gym, providing 360-degree panoramic views of the bay and downtown Miami’s glimmering cityscape. Residents may access a host of therapeutic services and other offerings including private steam, sauna and locker facilities, a 6,300 square foot state-of-the-art fitness center with Pilates, spin and aerobics studios, and a juice bar. Additional features include a resort-style lap pool and separate children’s pool on the 18th floor, private movie theater with stadium seating, billiards room and lounge, clubroom, full-time concierge and 24-hour valet parking, on-site vehicle washing and detailing, and electric car-charging stations.

Two More Units At One Thousand Museum Sell For $6 Million And $11 Million

One Thousand Museum, the luxury residential condominium by the London-based Zaha Hadid Architects, sold two new units this past week. The 62-story, 84-floor unit tower opened in August 2019 and has since then attracted many buyers, among which are David and Victoria Beckham, who closed on a $19.8 million full-floor penthouse back in late March.

David Beckham will no longer be the only soccer player in the building. His new neighbor, Manchester United and French national team soccer player Paul Pogba, closed on a $6 million luxury condo in the tower this Thursday. 

The building has also the attention of New Yorkers interested in moving to South Florida. Friday marked the closing of its 11,544-square-foot penthouse unit 5301 for $11 million. The undisclosed New York buyer’s new unit will take up a whole floor with five bedrooms and six-and-a-half bathrooms. Prior to purchasing, they toured the penthouse twice: once before the pandemic, and again during it through a virtual tour.

The unit went under contract two weeks ago once the buyer offered to pay in cash for the originally $16 million penthouse. The price was later reduced by 31% before closing, selling low for only for $952 per square foot compared to a similar full-floor penthouse the Beckhams purchased for $1,810 per square foot.

Karen Elmir, CEO and founder of Cervera Real Estate’s Elmir Group, represented the buyer, whereas Harvey Daniels at One Sotheby’s International Realty represented the developer.

One Thousand Museum is fit with its own private rooftop helipad and offers many other luxe lifestyle amenities, including a Skye Lounge with curated seasonal menus, a spa with relaxation pods and private treatment rooms offering several services, the private Beach Club Museum Beach, a house car service, a 1KM wellness center, and an indoor lap pool located on the 61st floor.

Daniel De La Vega’s ONE Sotheby’s International Realty Development Division is the exclusive listing agency for One Thousand Museum.

By Isabella Zimmermann

Rieber Developments Breaks Ground on 12|12 Aventura in the Aventura Health District

Aventura-based Rieber Developments has announced the groundbreaking of 12|12 Aventura, a 10-story complex comprising of a 30,000-square-foot gourmet marketplace and food hall, 25,000 square feet of offices, a 160-residence luxury senior residential component, and a structured parking garage, all with interiors designed by Interiors by Steven G.

The Arquitectonica-designed mixed-use project and its sister development Ivory 214, a medical and professional office building accompanied by a Tapestry Collection by Hilton™ hotel, will both serve as the epicenter of a planned ‘Aventura Health District.’

12|12 Aventura is nestled near a designated ‘medical office district’ which includes many of Aventura’s leading medical facilities. The $100 million project is also surrounded by 300 medical and professional practices and services, including Aventura Hospital, one of the only two facilities in Miami-Dade County with the designation of a Level II trauma center.

The centrally located development is also situated less than a mile away from Aventura Mall and from major thoroughfares including US 1, I-95, and the Florida Turnpike. With its own vibrant Chelsea Market-style food hall on the ground floor, 12|12 Aventura is uniquely positioned to serve the local community and guests alike a designation for shopping and dining.

“Breaking ground on 12|12 Aventura is a significant milestone for us, especially in these challenging times,” said Bernardo Rieber, principal of Rieber Developments. “Our philosophy in creating this project has always been to bring something new and unique to the neighborhood, melding community, culture, health, and wellness to benefit the area. We are extremely proud to move one step closer to delivering this project, and furthering the Aventura Health District.”

Cervera Real Estate is the exclusive brokerage for 12|12 Aventura’s office condos, forty percent of which are already sold and under contract. Construction is being led by Winmar Construction, an affiliate of Coastal Construction. The development is expected to be completed in 2022.

By Isabella Zimmermann

Aston Martin Residences Revs Up Its Sales Record In First Half Of May With $8.75 Million In Sales

Aston Martin Residences registered a record number of sales for the first half of May, demonstrating a positive resurgence and renewed confidence in the South Florida real estate market. Since the beginning of May, the in-house sales team has sold four residences totaling $8.75 million. The completed purchases represent an accelerated growth in sales in the second quarter of the year, despite buyers relying on the virtual world and video conferencing to close on their new home.

“We’ve introduced some exciting new ways to keep conversations going with our valued clients, digitally,” says Paulie Hankin, Sales Director for Aston Martin Residences, representing Cervera Real Estate. “Thanks to the combined efforts and support of the in-house sales team, G&G Business Developments and our broker community, we’re seeing amazing results. We look forward to opening the sales gallery soon.”

Aston Martin Residences is a 66-floor luxury residential development on the waterfront in downtown Miami being developed by G&G Business Developments. Coastal Construction in the general contractor on the project which broke ground in October 2017. The one-of-a-kind Aston Martin-branded tower offers 391 residences which come in a variety of floorplans consisting of one to five bedrooms and penthouses ranging from 8,977-10,463 SF. The iconic tower is the first for Aston Martin and will feature 42,275 SF of sky amenities across four floors, including a double-level fitness centre overlooking the ocean, infinity pool, spinning studio, boxing gym, virtual golf room, art gallery, two cinemas, as well as a full-service spa, beauty salon and barber shop.

Pricing starts at $750,000 and range up to $8,800,000 for the "River and Panoramic Residences" part of the building and $14,000,000 to $50,000,000 for the "Penthouses." Sales are being overseen by Cervera Real Estate. The project is approaching 60% of its 391 homes sold, with construction scheduled for completion in 2022.

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

57 Ocean Condo Secures $58.5 Million Construction Loan from Bank OZK

Miami Beach’s 57 Ocean, a luxury seaside condominium located on Millionaire’s Row and developed by Multiplan Real Estate Asset Management, has announced that it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. The financing will support the finalization of the 18-story project, which is already 50% complete and has reached the 11th floor this week. The 70-unit building is scheduled for completion in September of 2021. 

MultiplanREAM, founded by Brazilian developer Dr. José Isaac Peres, has invested approximately $150 million in cash into the project and has ensured that each benchmark has been efficiently met despite the current COVID-19 pandemic. MultiplanREAM and 57 Ocean’s exclusive residential brokerage, Fortune Development sales, have reported that in just 45 days, 11 units totaling $46 million have gone under contract (an average of 1.3 sales per week), and attribute the project’s success on its location, contemporary designs, and robust assemblage of amenities and services.

“57 Ocean is not only delivering a unique, healthful-living lifestyle for buyers but also providing another reassurance for their real estate investment,” said Marcelo Kingston, Managing Partner of MultiplanREAM.  “We are extremely proud to work with Bank OZK, the nation’s preeminent construction lender of marquee properties.  We have confirmed that we will top out this August and deliver the building in September 2021, as we had originally promoted.” 

The JLL Capital Markets debt placement team representing MultiplanREAM included Executive Managing Director Manny de Zárraga and Director Jesse Wright. The lending process began during the last week of March and lasted for 30 days, unlike the typical 90 that it normally takes.

“We are delighted to be working with MultiplanREAM in supporting the capitalization of this outstanding product,” said de Zárraga.  “This liquidity will enable the developer to pursue new opportunities that may emerge during moments of the current global crisis while expanding its footprint in the State of Florida.”

Designed by Bernardo Fort-Brescia of ARQUITECTONICA, with interiors by Brazilian designer, Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean will offer two to four-bedroom residences starting at $1.5 million, with sizes ranging from 1,200 to upwards of 3,600 square feet. Of 57 Ocean’s 70 units—which more than half of have been sold—10 Sky Residences start at $6.5 million, while its full-floor penthouse is priced at $35 million. Units will feature expansive terraces that stretch up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. To date, more than half of the units have sold to buyers from high-income tax states, including New York and California, as well as high-net-worth individuals from Latin America.

57 Ocean offers amenities such as a holistic spa with treatments by One Ocean Beauty, a wellness pavilion with a thermal suite and a relaxation and mediation area, as well as poolside treatment with cabanas, a state-of-the-art fitness center with top-of-the-line Mylsle training equipment by MyEquilibria, and an indoor Technogym fitness center. In addition to this, there will be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, and direct access to the nearby Miami Beach Walk.

“The excitement surrounding this development continues to build among ultra-luxury homebuyers worldwide—a testament to MultiplanREAM’s tremendous vision and subsequent success,” said Edgardo Defortuna, CEO of Fortune Development Sales.  “We are now looking forward to the next big milestone—57 Ocean’s topping off later this summer.”

By Isabella Zimmermann | Images via DBOX

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Artefacto Begins Construction on New DOMO-Designed U.S. Flagship In Coral Gables

Brazilian furnishings brand Artefacto has celebrated the groundbreaking of their new US flagship in Coral Gables located on the highly-trafficked US-1. The 45,000 SF bi-level structure will feature an eye-catching modernist design by the renowned DOMO Architecture + Design, with interiors by Patricia Anastassiadis. The showroom is set to open mid-2021, and marks the brand’s 28th location worldwide.

Headed by CEO Paulo Bacchi, Artefacto entered the U.S. in 2002 as an anchor tenant to Coral Gables’ Merrick Park. Bacchi continues to make his mark on Coral Gables with the sleek new showroom at 101 South Dixie Highway, along one of Miami’s major transportation arteries.

“I’m very proud of our continued growth in Miami, and our showroom expresses the remarkable warmth and luxuries found in Artefacto home environments,” says Bacchi. “Now we will capture eyes in all directions with an innovative aesthetic that anchors US1 with incredible style.”

Exteriors will showcase dramatic street-level window displays of Artefacto’s exclusive collaborations with such notable talents as Alejandro Estrada, Piegatto, Sergio Matos and Patricia Anatassiadis. In-line with the brand’s commitment to embracing sustainable practices, the showroom’s exterior concept features lush, green walls with the highest level of quality natural, raw materials.

Lennar Locks Down $44.8 Million Construction Loan For Wynwood Green

Lennar has locked down a $44.8 million construction loan for Wynwood Green, an 11-story, 189-unit residential rental apartment building which will also feature 17,000 SF of commercial space and 324 parking spaces. The loan was provided by Santander Bank. Wynwood Green will be located on a 1.26 acre site which was the former site of the popular food-truck and bar station at Wynwood Yard, 48, 56, 64, 70, 82, 90 and 98 NW 29th St. and 63 NW 28th street. Initial designs are by architecture firm Dorsky + Yue International. The site of Wynwood Green was sold to Lennar by David Lombardi of Lombardi Properties, who was one of the pioneers in the emergence of Wynwood.

The Miami-based publicly traded Lennar Corporation (LEN) is known as one of the largest homebuilders in the United States, but also retains ownership interests in 53 apartment communities. Wynwood Green would also be their first multifamily project within the city of Miami. Lennar Corporation is run by Executive Chairman Stuart Miller, whose father Leonard Miller was one of the founders in 1956. In 2019 Lennar was ranked 154th on the Fortune 500 and the company operates in 21 states.

Developers of The Ritz-Carlton Residences Sunny Isles Beach Pay Off $212 Million Construction Loan

Fortune International Group and Château Group, joint developers of The Ritz-Carlton Residences, Sunny Isles Beach, have paid off a $212 million construction loan on the newly opened condominium tower. The developers received the loan from Bank OZK in September 2016. The news comes on the heels of a string of triumphs for the property, which is managed by The Ritz-Carlton and is one of the brand’s only standalone oceanfront condominium high-rises worldwide. The 52-story building at 15701 Collins Avenue, which was designed by award-winning architect Bernardo Fort-Brescia of Arquitectonica and features interiors by acclaimed Florentine architect Michele Bönan, was completed on Feb. 24 when it received its temporary certificate of occupancy (TCO). The tower is already more than 80% sold. Since the building broke ground, each milestone associated with its rise has been monumental, including the pre-construction sell-out of all four penthouses, a record feat for the area. Now, in the midst of the COVID-19 pandemic, the developers have seamlessly completed 100 closings, with a great number of them conducted virtually. They have additionally finalized new sales totaling more than $30 million.

“Paying off this loan so quickly after opening the tower, and in the midst of these extremely challenging times, further confirms the support for our project and the excitement it has generated among buyers across the globe,” said Manuel Grosskopf, CEO of Château Group.

“Our residents have been praising the end-result of the thoughtful and detailed work that has gone into creating and delivering this dream of ours,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The project’s longstanding sales success, as well as these most recent triumphs, have been a testament to the buyers’ recognition of a high-quality project paired with a high-level of service.”

“The most high-profile buyers in the world have been purchasing homes in this condominium, knowing that the services by The Ritz-Carlton, amenities, architecture, and designs will exceed every expectation,” added Grosskopf.

“The Ritz-Carlton Residences, Sunny Isles Beach are a new crown jewel for Miami’s ultra-luxury oceanfront property market,” continued Defortuna.

The Residences, which have no hotel on the premises, resides on a prime coastal location with 250’ of beachfront. The tower is comprised of 209 residences with a private club level on the 33rd floor including private suites for resident guests, beach restaurant and bar, two pool decks, a kids club, full-service spa, fitness center and wellness center, among other top-line amenities. Each of the homes, all of which are smart-technology-ready, include private entrances, both living and master bedrooms with direct oceanfront views, walk-in closets, and pre-wiring for high-speed internet access and Wi-Fi. Remaining residences start at $2.6 million and sales are overseen by Fortune International.

For more information about The Ritz Carlton Residences, Sunny Isles Beach, private showings or purchasing/ leasing information please fill out the form below: