Estates At Acqualina Tops Out South Tower In Sunny Isles Beach

The South Tower of The Estates at Acqualina, the highly anticipated $1.8 billion residential development, topped out in Miami’s Sunny Isles Beach on July 3. The 52-story South Tower now rises 646 feet tall and after breaking ground in May 2018, the development is on track for the South Tower completion in the 2nd Quarter of 2021. The landmark occasion coincides with the reopening of the Sales Gallery which features a full-scale model of an Estates residence, giving potential buyers the ability to fully appreciate the luxury amenities that will be available in each residence complete with exquisite furnishings, rich materials and extraordinary attention to detail.

“We are one step closer to completing The Estates at Acqualina,” said Michael Goldstein, President of Sales. “Art, architecture and lifestyle are what we live by. We deliver beauty and wonderful lifestyle in everything we do.”

The Estates at Acqualina will offer 248 luxurious residences from three to seven bedrooms in two towers, The South Tower, and the Boutique North Tower with the 29th Floor currently being poured. Villa Acqualina will offer 45,000 square feet of amenities including a spa and fitness center, a world-class restaurant overlooking the Atlantic Ocean and Circus Maximus, a full floor of amenities including an ice skating rink, bowling lanes, a golf simulator and a movie theater. 

Through an exclusive partnership with one of the world’s most celebrated designers, the entrance lobbies at The Estates at Acqualina will be designed by none other than the late Karl Lagerfeld. Mr. Lagerfeld’s design and style will further enhance the grandeur of two of the most important spaces at The Estates.

The Estates’ 5.6 acres of grounds and gardens will offer lush landscaped gardens, multiple pools, a FlowRider® wave simulator, a basketball court, a bocce court, a dog park, soccer field, a beachfront restaurant and five-star beach and pool services. Also available will be 24-hour valet, 24-hour security services, a full service resident concierge and a house Rolls-Royce car.

The Estates benefits from its sister developments, Acqualina Resort & Residences on the Beach and The Mansions at Acqualina. The legendary service by Acqualina Resort & Residences, a Forbes Five Star and AAA Five Diamond Hotel and TripAdvisor’s #1 Beachfront Resort in the Continental United States, ensures that The Estates at Acqualina delivers ultimate perfection and a unique experience on every level.

Residences at The Estates at Acqualina are priced from $4.6 to $14.5 million with penthouses up to $32 million.

CitizenM Coming To 1212 Lincoln After Acquiring Hotel Piece From Crescent Heights

CitizenM is coming to South Beach after the Dutch hotel group purchased the hotel portion of Crescent Height’s 1212 Lincoln at the junction of Lincoln Road and Alton Road in South Beach. CitizenM paid $9 million for the 50 room hotel which is a part of the 1212 Lincoln mixed-use project which also includes over 70,000 SF of retail and 400 parking spaces. PROFILEmiami first reported that Crescent Heights was looking to bring in CitizenM to the 1212 Lincoln project in September 2017. CitizenM also has two other hotel locations under construction in Miami including Brickell and Miami Worldcenter in Downtown.

1212 Lincoln was designed by Perkins + Will and Plaza Construction is the general contractor on the project. The hotel portion rises 12-stories and the project will also include a 5-story parking garage and a Wells Fargo Bank. Crescent Heights has proposed a rooftop movie theater which is being reviewed by the city. Newmark Knight Frank is overseeing leasing for the retail component of the project. Completion is expected by 2022.

East End Capital's 236-Unit Co-Living Project Foyer Wynwood Approved on North Miami Avenue

East End Capital has received approval from the City of Miami’s Urban Design Review Board (UDRB) for FOYER Wynwood, a 375,000 SF 236-unit co-living, mixed-use project in Wynwood along North Miami Avenue. The approvals give the project its final green light to move forward. The development will continue the renaissance occurring along North Miami Avenue, and is located near notable attractions such as Veza Sur Brewery, The Wynwood Arcade, Oasis, The Salty, and the planned Arlo Hotel. Construction is expected to commence in early 2021.

Foyer Wynwood will be a 375,000 SF, 12-story, 236-unit multifamily residential project that spans North Miami Avenue from 24th to 25th Street. The project is being designed by globally recognized architecture firm, Kobi Karp Architecture & Design, also responsible for East End’s Wynwood 25 and Annex projects. Foyer Wynwood will feature affordable co-living and micro-unit options in the apartment portion, together with co-workspaces and other amenities. In conjunction with the development, East End has launched the new “FOYER” brand to operate and manage this project as well as all the other co-living apartment projects in its pipeline. 

East End Capital is the same developer behind Wynwood 25, with Related Group, a mixed-use, market-rate rental community, and Wynwood Annex, a class-A office building geared toward technology, advertising, marketing and innovation tenants including international entertainment company, Live Nation.

Foyer Wynwood will offer with an abundance of shared amenity space, including a gym focused on functional training, a juice and coffee bar, an expansive pool deck, a chef’s kitchen and entertainment space, collaborative co-working and art studio areas, and state-of-the-art podcast and green-screen studios.

All FOYER projects will include high ratios of furnished micro-units and co-living bedrooms with ensuite bathrooms, together with traditional studio, one- and two-bedroom units. Monthly rents for co-living bedrooms at Foyer Wynwood, which include the furnishings, electricity, common area cleaning, and WiFi, are expected to start around $1,500 per month. 

“FOYER aims to redefine the multifamily landscape by incorporating affordable co-living and micro-units into the traditional apartment mix.  FOYER communities will be priced and designed for renters of all ages, in all walks of life,” said Jonathon Yormak, the founder of East End Capital and FOYER.  “They will be low on cost, high on community and incredibly easy on convenience.”  In addition to A.I. enabled marketing and low-click on-boarding processes, FOYER’s roommate pairing will be taken to a new level through its proprietary compatibility algorithm.

Triple Five Group Completes Land Swap For Final Portion of 174 Acre Assemblage Needed To Develop American Dream Miami

American Dream Miami has moved closer to its expected 2021 groundbreaking after Triple Five Group completed a land swap with Graham Companies for the final 25 acre needed to develop the mega mall. The land is located south of NW 178th Street and east of 97th Avenue in unincorporated northwest Miami-Dade County, just west of Miami Gardens and Miami Lakes. The land will be incorporated in a 336-acre plan to build 2,000 apartment units, retail and office space.

The two parcels acquired by Triple Five Group were valued at $12.7 million while the three parcels acquired by Graham were also valued at $12.7 million. No money was exchanged as part of the deal but CIBC Bank USA reportedly increased its mortgage on Triple Five Group’s holdings from $15.35 million to $19.65 million.

First proposed in 2015, American Dream Miami would be the biggest mall in the United States when completed. The malls is expected to span over 5 million SF and will feature a retail component with an entertainment component consisting of a theme park, indoor ski complex, ice skating complex, aquarium and a submarine lake. The mall would cost between $4.5 billion to $5 billion with completion expected in 2025.

The Miami-Dade City Commission approved zoning changes in May 2018 and the developers and city will need to work together to build a highway interchange between the Ronald Raegan Turnpike, I-75 and NW 170th St. required to make the project possible. American Dream Miami will also require a $15 million sewer extension. Triple Five Worldwide plans to submit a final design by the end of 2020 and the group is currently reviewing the site to finalize the mix of entertainment and retail.

Alta Developers' Quadro At Design District Now Signing Contracts

Alta Developers, led by Raimundo Onetto, has announced that the two-tower, 198-unit residences at Quadro in Miami Design District, which officially launched sales in March, is now signing contracts and paying 25 percent of the total commission to outside brokers. Quadro at the Miami Design District is a distinct resort-style condominium. The 12-story boutique was built in 2019 and is the newest addition to the city’s trendsetting creative hub and is only a short walking distance to many premier attractions in the fashionable Design District.

Quadro’s residences, which start at $398,000 and are exclusively marketed and sold by Fortune Development Sales, are ready for immediate purchase and allow for buyer flexibility in purchasing units with tenants or placing units into a short-term rental program. The turn-key units range in size from 762 square foot large studios to 1,199 square foot two-bedroom residences with terraces. All units have their own spacious balcony and or terraces, while select units have oversized outdoor patios ranging from 86 square feet to 898 square feet.

“We are certainly seeing a major uptick in prospects inquiring about Quadro and making appointments to see this remarkable project. Prospective home buyers have been waiting to make a decision until they can see residences for themselves and now that we have opened, we are signing contracts,” said, Edgardo Defortuna, President, CEO and Founder of Fortune International Group.

The towers reopened its sales gallery on June 1st and have attracted interest from the local market which has been steadily growing with buyers now looking to sign contracts. Inquiries have been coming in from across Latin America, including Ecuador, Mexico, Argentina, and Peru. Fortune International Group expects prospective out-of-state buyers to head to Miami this summer to sign contracts.

“We are seeing that buyers, locally and internationally are eager to buy a home in South Florida now more than ever. We have warm weather, great outdoor spaces, several places to enjoy cultural attractions, and a myriad of dining venues. Buyers also want to ensure purchasing a home that presents attractive opportunities for the future and Quadro checks all the boxes,” adds Edgardo.

The resort-style complex has one-of-a-kind artworks integrated throughout which anchor a multifaceted series of experiential programs and walking tours tailored for residents and guests of the two luxury condominiums. Alta Developers and Art with DNA’s Francisco Del Rio, the lead architect and artist who embedded 542 site-specific pieces throughout the premises, have truly shaped the concept of contours of Quadro, all of which serve as an ode to South Florida’s seashore.

The project offers an expansive list of amenities, including a pool, a sprawling poolside club room, yoga and spinning rooms, and summer kitchens and cabanas with abundant space for outdoor recreation with panoramic views of the city and Biscayne Bay. Each residence has advanced home technology, including NEST smart home thermostats and a Bluetooth keyless entry system with cameras that homeowners can access through their mobile phones. Residents with electric cars can power their cars at charging stations, while those with pets can take them to a state-of-the-art pet washing facility on-site.

“Quadro is ideal for buyers looking to purchase and move-in now – it offers high-end turn-key residences with resort-style amenities at compelling price points in Miami’s Design District. Not to mention, these residences provide complete flexibility for permanent residents, the seasonal snowbird, and the vacationing short-term guests,” said Raimundo Onetto, Principal and CEO at Alta Developers.

By Isabella Zimmermann    

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

RPC Plans $60M Health & Wellness Center At Legacy Hotel & Residences in Miami Worldcenter

Royal Palm Companies (RPC), led by Dan Kodsi, have announced that as part of Legacy Hotel & Residences at Miami Worldcenter they will develop a $60 million, 100,000 SF healthcare center named Center for Health + Performance (CH+P) on the ground floor. It will break ground this fall alongside Legacy, which is across the street from RPC’s Paramount Miami Worldcenter condo tower. This is the latest of a series of medically-integrated real estate projects that have become more prevalent in South Florida.

CH+P aims to create a new operational model by ensuring the entire property meets medical building and design standards that are typically unheard of for a traditional hotel. The health and wellness facility will also feature a medical center with ventilators and medical gas, meaning it will be equipped to combat future pandemics and a variety of health complications. It will also offer surgery rooms, and MRI, CT Scan, Mammography, X-Ray, Ultrasound services. Medically equipped hotel rooms will be available for post-surgical patients and guests at the hotel and unit owners will have access to the healthcare center’s facilities, doctors, diagnostic center and onsite lab.

“Legacy will be one of the cleanest designed buildings you can shelter safely in during pandemics – with access to health professionals, a pharmacy, medical grade air quality and cleaning, food delivery and more,” said Dan Kodsi, CEO of RPC.

The project is tapping into top healthcare organizations to bring CH+P to life, including architecture firm Perkins & Will, healthcare consulting firm Coker Group, and healthcare construction company Vilar-Hoynack.

When complete, Legacy Hotel & Residences will have 274 condominium units and 256 hotel rooms. Other amenities include a sophisticated members-only international business lounge, downtown’s largest hotel pool deck set on one acre, the medical and wellness center and ground floor retail. The tower will feature a highly-anticipated seven-story crown-jewel glass atrium, which will be the largest rooftop atrium for a hotel-condo in the U.S.

Designed for the innovative and cosmopolitan traveler seeking a home away from home, Legacy Hotel & Residences aims to disrupt the condo space by introducing microLUXE living to Miami. The concept will offer homeowners luxury small living with the flexibility to live in or rent their home without rental restrictions, which will fulfill the demand of a rapidly growing and more international downtown core. Residents will have the option to rent on their own or through the tower’s hotel rental program, offsetting carrying and maintenance costs. Legacy’s microLUXE residences range from 400 SF to 949 SF with studios and two-bedroom units.

Sales for the condominium portion launched in November 2019, overseen by Peggy Olin’s OneWorld Properties, with pricing starting in the $300,000’s. Legacy Hotel & Residences is being designed by Kobi Karp with interiors by IDDI.

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

Metropica's First Residential Tower Receives TCO And Begins Closings In Sunrise

ONE Metropica Residences, designed by YOO, has received its Temporary Certificate of Occupancy (TCO) and became the first residential tower within the $1.5 billion, 65-acre master-planned Metropica in Sunrise, FL, to be completed and begin closings. The 28-story, 263-residence high-rise is the brainchild of the creative team of Metropica Development, LLC, led by CEO Joseph Kavana, in collaboration with globally acclaimed architect Chad Oppenheim and London-based interior designer YOO Design Group. To date, 75% of the units at ONE Metropica Residences have been sold with buyers from around the world including the U.S., Latin America, Europe, and Asia.

Metropica Development has announced that they are ready to begin closings of the move-in ready residences, which can be handled in-person as well as virtually, ensuring that Metropica buyers from across the globe will be able to finalize their purchases. Every possible measure has been taken by the developer to ensure a seamless delivery within a completely secure and confidential environment, all while complying with COVID-19 guidelines and governmental regulations.

“We are extremely proud to be delivering our first residential building to the market,” adds Bernard Werner, President of Metropica Development, LLC.  “Our buyers have embraced our vision for this extraordinary community and its three key pillars: Nature, Wellness & Happiness. This opening commemorates a milestone in our journey and a preview of more great things to come.”

The luxury condominium residences in ONE Metropica Residences range in size from 961 to 2,022 square feet, and remaining units are priced starting in the $400,000’s. Residences offer floor-to-ceiling impact glass windows, imported porcelain tile throughout, smart home technologies, designer plumbing fixtures by Hansgrohe, and buyers can choose between nature and minimal finish patterns.

ONE Metropica also features top-level amenities including a landscaped terrace and pool, club room with a lounge, screening room, children’s playroom, pool deck, state-of-the-art fitness center, and 24-hour concierge services. 

“The level of luxury and amenities within ONE Metropica Residences are at par with South Florida’s most notable residential buildings,” said Joseph Kavana, “inclusive of a very robust Art in Public Places initiative through an agreement with globally acclaimed artist Stefan Szczesny, which also depicts Metropica’s three pillars – Nature, Wellness and Happiness.”

 When completed, Metropica will encompass approximately four million square feet and consist of residential condominiums, apartments, boutique hotels, commercial office space, expansive green spaces and a burgeoning world-class culinary, retail, entertainment and lifestyle experience for residents and visitors to enjoy.

“Our goal is for Metropica to not only be an area standout,” concludes Kavana, “but also a beacon of optimism for all those who will live, work and play within the community.”

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

Check Out The Newly Revealed Max Strang-Designed Modern Farmhouse On Miami Beach's Allison Island Asking $15.3 Million

Clara Homes, led by luxury home developer James Curnin, has launched his new Miami Beach single family luxury development concept, Modern Farmhouse, asking $15.3 million on Allison Island. The spec home was designed by local starchitect Max Strang and is a refreshing change from the ultra-modern waterfront homes that have been replacing the city’s classic Mediterranean mansions.

The home will feature over 7,000 SF under HVAC, on a 16,200 SF lot with 75’ of prime water frontage. The layout offers five bedrooms, six full bathrooms, two-half bathrooms plus staff quarters. The home will also feature a gym with an outdoor terrace including a full bathroom and inferred sauna can easily be converted to a sixth bedroom. The large chef’s kitchen will feature appliances from Wolf/Sub-Zero, Boffi cabinetry and custom marble slab, accompanied by Dornbracht plumbing fixtures. 12’ ceiling height on the main level allows natural light to flood the entertaining spaces laden with wide-planked European white oak flooring.

Outdoors offers a covered outdoor kitchen and beautiful pool area overlooking the private dock with no fixed bridges to open ocean access. The property also will feature lush landscaping to create a sense of privacy and tranquility.

The developer James Curnin is the great-grandson of Jack Parker, founder of Jack Parker Corp. which developed the Le Parker Meridien hotel in Midtown Manhattan. After graduating from University of Miami in 2008 he joined the Jack Parker Corporation before pursuing ground-up, single family home development opportunities in West Hollywood and Bel Air. In Los Angeles he hired and worked closely with architects Philip Vertoch and Paul McClean on three residential developments comprised of over 60,000 SF and $55 million in closed transactions including a $24 million home on Doheny Drive. By 2017, having sold all three Los Angeles homes, James set sight on Miami Beach where he established Clara Homes, and continues to focus on high end homes.

The Modern Farmhouse is located at 6431 Allison Road and is currently listed for $15,300,000 with Oliver Lloyd of Douglas Elliman.

For more information about 6431 Allison Road, Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

PROFILE Exclusive: Strong Sales at Villa Valencia Total $12 Million in Last 30 Days

Despite global market challenges, Villa Valencia has experienced strong sales momentum in the last 30 days. In that time, the project sold $12 million of inventory, or four residences ranging from three- to four-bedrooms. Most new construction condominium projects have been selling at 30-50% of pre-COVID sales volume.

Many buyers are local to Coral Gables, a historically fortress market known for stability and long-term investment value, and others came from Mexico. The property is now 25% sold.

“These recent sales have reinforced the notion that high-quality and well-thought-out condominium residences will remain a prime interest, no matter the circumstance, as buyers see the long-term value that transcends the current climate,” said Rishi Kapoor, CEO of Location Ventures.

Villa Valencia recently introduced an exclusive, limited-offer financing program for serious buyers, adding a level of certainty in today’s market. The zero-finance opportunity, via an asset-based loan, provides funds to be applied toward a Villa Valencia contract deposit. 

The project’s estate-sized units span up to 6,263 square feet and provide intimate residential living without compromising space. Its boutique ambiance combines tropical modern interior spaces with Mediterranean design that is synonymous with Coral Gables.

Each of the condominium units will include the Delos DARWIN™ Home Wellness Intelligence network, which delivers residents with clean, fresh air, energizing light and pollutant-reduced water. Procured and installed by HEDsouth, a premier technology integration and automation company, Villa Valencia’s partnership with Delos’ allows the DARWIN system to align technology with nature’s intent by using innovation to bring the best of natural outdoor conditions inside. Villa Valencia is Delos DARWIN™’s first U.S. condominium partnership.

Residences start at $1.65 million. Construction is underway with completion anticipated for Summer 2021.

Article by Katya Demina

For more information about Villa Valencia, private showings or purchase information please fill out the form below:

Grand Station Partners Close On $53 Million Loan For Luxury Rental Tower Project

Grand Station Partners closed on a $53 million loan in early March for Grand Station Tower located at 40 NW 3rd Street in Downtown Miami. ROVR Development, which is led by Oscar Rodriguez and Ricardo Vadia, set-up Grand Station Partners and are building the 30-story, 300 unit building as a public-private partnership with Miami Parking Authority. Kayne Anderson affiliate Saperian Capital is the project’s lender.

The luxury rental tower, which will feature about 4,000 SF of retail space, will also expand the Courthouse Center Garage with 350 additional parking spaces. Grand Station Partners has a 99-year land lease on the site and has the option to extend the lease by an additional 50 years.

Michael Wolk Design Associates, a Miami-based design boutique specializing in residential, commercial, and hospitality interiors, along with furniture collections, designed the Grand Station’s interiors. The firm has had over 40 years of experience designing personalized, luxury interiors for their clients with a united effort to achieve client goals on-time and within budget.

The project’s interiors are inspired by a young urban vibe and were designed with a sophisticated look in mind. Michael Wolk Design Associates selectivity edited the color palette and used black, gray, and tobacco colors. Outdoor terraces were decorated with the furniture from the firm’s Biscayne Collection, which is manufactured by Pavilion. The tower’s social room has its own custom-designed triangle seating bench and award-winning “Gianni Lounge Chairs.”

Grand Station offers a gym, spa, and pool deck among its list of amenities. It is scheduled for completion early next year.

By Isabella Zimmermann