MiamiCentral Station Reveals Stantec Interiors for Park-Line Miami Residences By Brightline

MiamiCentral Station has revealed the new Stantec-designed interiors of the new two-tower, 816-unit Park-Line Miami Residences by Brightline. The globally-acclaimed architecture and design firm Stantec designed the lobby interiors of the north tower plus the amenity spaces, corridors, and unit finishes of both 30-story towers, located above Brightline’s MiamiCentral passenger rail station.

“Our vision for the design concept was the refined tailored traveler that resides in the heart of the city and travels the world,” said Raed Alawadhi, senior designer at Stantec. “We incorporated dark colors found in tailored suits and the brown tones of antique leather luggage and travel bags along with warm woods, creamy neutral tones, and deep blues to create the timeless sophisticated interiors.”

The lobby interiors feature wood ceilings, herringbone stone tile flooring, and warm wood with metal accents. Open seating areas are anchored by custom leather wall panels and a dramatic chandelier with shimmering mesh metal fabric that illuminates the room. A green wall at the end of the entrance creates a focal point and brings a touch of nature to the space. The lobby lounge, which is decorated with natural hues and textures and complimented with luxury fabrics, leads into the valet waiting area, where TV screens let residents know when their car will arrive. Residents are also an elevator ride away from the train station, where they can access service to Fort Lauderdale and West Palm Beach, with service to Aventura and Boca expected in late 2021 and to Orlando in 2022.

In addition to the lobby, Stantec designed the interiors of the amenity decks located on the seventh floor of both towers. The interiors of the north tower feature stylish lounge areas,  intimate lighting, and  dark blue and green velvet and leather furnishings. A gaming area offers foosball, shuffleboard, and a pool table while the entertainment space has a dining area and wet bar. There’s also a private meeting room and co-working space available for residents. 

The south tower’s amenity level includes a reception desk with a custom woven screen wall, a 3,500 square-foot gym, a fitness lounge with sofas, med spa and massage rooms, and a dog spa. The yoga room is surrounded by windows with views to the outside deck, known as SkyPark, which sits between the two towers.

Park-Line Miami has a total of 816 residences that include studios, one-, two-, and three-bedroom units. The units have floor-to-ceiling windows, walk-in closets, bathrooms with chrome fixtures, and kitchens with modern Italian cabinetry, quartz countertops, and subway tiling. 

“Park-Line Miami’s thoughtful design and finishes combined with our multitude of modalities allow us to offer a living experience unlike anything Miami has ever seen,” said Najam Syed, head of asset management at Brightline Trains. “The almost two-acre private park-like setting with an outdoor track, a world-class fitness facility, and forward-thinking live, work, and play amenities make Park-Line Miami a truly unique asset. We are proud to have partnered with Stantec in bringing our vision of Transit Oriented Development to life.” 

Stantec is ranked among the top 10 architecture firms by Architectural Record. The firm has designed numerous prominent projects throughout Florida, including Solitair Brickell; YotelPAD Miami; Luma at Miami Worldcenter; Yard 8 in Midtown Miami; 17 West in Miami Beach; Avalon Doral; and Wynwood Square. Stantec trades on the TSX and the NYSE under the symbol STN.

ESJ Capital Partners Proposes 300-Room Hotel At Jungle Island Redevelopment On Watson Island

ESJ Capital Partners have proposed to bring a 300-room hotel designed by the Miami-based EoA Group to Watson Island as part of the redevelopment of Jungle Island. Voters approved the hotel development in August 2018 which will transform Jungle Island’s property including the parking garage and add an additional 12,000 square feet of meeting space while leaving the botanical gardens undisturbed. The hotel will rise 11-stories and will feature a 4-story parking garage with 787 parking spaces and 9,500 square feet of restaurant space. The lobby and porte-cochere will be located the 5th floor above the parking podium along with a restaurant, lobby, gym and pool deck with an outdoor bar and fire pits. The 10th floor will feature a restaurant and outdoor bar. Hotel rooms will range from 380 square feet to over 1,600 square feet. There is no time frame for a potential groundbreaking of the project.

Urban X Group Celebrates Grand Opening Of River Landing Shops & Residences On The Miami River

Urban X Group and the Toronto-based H&R Real Estate Investment Trust have officially celebrated the grand opening of River Landing Shops & Residences, located at 1400 NW River Drive along the Miami River. The announcement comes on the heels of the projects completion earlier this year where the first phase of retailers were allowed to open in May 2020. The ownership team delayed the official grand opening for the project until retailers were more comfortable with the economy in the post-COVID-19 world. The project originally broke ground in March 2017 and cost roughly $425 million to develop.

River Landing Shops & Residences brings in excess of 2.2 million SF of total development to the Miami River including 528 market-rate apartments; 135,000 square feet of office space; 345,000 square feet of retail; and, 2,200 parking spaces. The retail component of the project is currently 70% leased. Retail tenants include Publix, Chase Bank, Planet Fitness, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores, Chick-Fil-A, Old Navy, Ficellas Bakery, Five Below and a Hobby Lobby. The project will also bring a 50’ wide linear park designed by Savino & Miller Design Studio, who is the landscape architect for the project.

Leasing for the office component at River Landing Shops & Residences launched in August 2020 with the first residents moving into the residential component in October. The residential component is managed by Lantower Residential, a subsidiary of H&R REIT.

The Estate Companies Secures $36M Construction Loan For Luxury Rentals in Miami's Health District

The Estate Companies, a leading developer of luxury multi-family developments throughout South Florida, has secured a $36 million construction loan from Bank OZK for Soleste Spring Gardens, an eight-story Class A, 240-unit luxury rental community at 1033 Spring Garden Rd. within the Miami’s historically designated Spring Garden district and Health District. The closing took place September 9th. 

Soleste Spring Gardens will offer studios, one- and two-bedroom units ranging in size from 400 to 1,100 square feet. Like all projects within the Soleste Living brand portfolio, Soleste Spring Gardens will be a highly amenitized development with a vast collection of health and wellness offerings, social components and pet-friendly features, including a resort-style pool with spacious sun deck and private cabanas, outdoor kitchen and bar, dog park, pet spa, yoga lawn and electric car charging stations. 

“Soleste Spring Gardens represents a major investment in the historic Spring Gardens District, an area we have been extremely bullish on for quite some time,” stated Jeffrey Ardizon, principal, The Estate Companies. “We have a strong track record of strengthening neighborhoods by offering luxury rentals at an attainable price point. I take my hat off to Bank OZK, along with all of our partners, for their continued commitment and confidence in our business plan. The entire team worked tirelessly to get this project financed in record time.” 

Ardizon added, “The Miami Health District is home to the nation’s premier medical and research programs and a growing hub for the biotech industry. We look forward to delivering a Class A community to this quaint yet burgeoning area.” 

Soleste Spring Gardens offers a bevy of conveniences for working professionals who will value its central location and access to public transportation. The site is just two blocks from the Culmer Metrorail Station, which provides a six-minute ride to the Brightline rail stop, and abuts on one of Miami’s main arteries, the Dolphin Expressway. Soleste Spring Gardens is also less than three miles from Brickell and the Downtown Miami office market, which represents the largest office market in South Florida, and is in close proximity to Downtown Miami’s Arts & Entertainment District, Midtown Miami, the Miami Design District and Wynwood.

Miami’s Health District is the second-largest medical district in the U.S. after Houston with approximately 30,000 employees and home to world-famous Jackson Memorial Hospital and the University of Miami Hospital. 

The Estate Companies is also developing Miami’s second large-scale opportunity zone development, Soleste Grand Central in Downtown Miami, and recently acquired of a five-acre site occupied by a former Ramada Hotel in Hialeah with plans for redevelopment. In addition to Soleste Spring Gardens, the firm plans to break ground on two new projects this year in Dania Beach and North Miami Beach. 

Check Out This Solar Powered Estate Asking A Record $17.75 Million In West Palm Beach

Developer Steve Bendat of Aquantis Group Development broke the record of the highest price single family home sale in West Palm Beach last year when he sold 2914 Washington Road; now ,Bendat is looking to break that record again with the launch of his newest project, 6717 S Flagler. The lavish waterfront compound is asking $17,750,000 and is one of the most unique properties ever built in Palm Beach County. The compound estate has the ability to run completely on solar power energy with electrical service tied to a solar panels that are capable of net zero metering.

6717 S Flagler was designed by developer Steve Bendat and architect David Lawrence. The estate compound maximizes the tropical nature of South Florida, overlooking the spectacular Intracoastal with views of the ocean. The 15,000 square foot three-story compound is an architectural masterpiece complete with an interior “floating” glass staircase, an outdoor stainless-steel circular staircase, an all-glass indoor elevator with back-lit onyx surround, a commercial exterior elevator, six bedrooms, nine bathrooms, and two powder rooms. 

6717 S Flagler is full of lavish features offering a theater room, a dedicated gym, a VIP guest suite, a private guest house, a home office, and a four-car air-conditioned garage. The home also features wine room, glass wine cellar with 1000 bottles capacity, dining room, battler’s pantry, kitchen, breakfast nook, family room with fireplace, laundry room, media room with bar and full bath, AV room, mudroom and pool bath, two large outdoor loggias one with fireplace, a rooftop deck and multiple summer kitchens. Outside 6717 S Flagler also features fully planned landscaping. From rooftop synthetic grass to the lush living walls, from the west side of the house to the east side, there is either greenery or water surrounding you.

6717 S Flagler is built to withstand the regions most intense hurricanes, built with extra-large footers, reinforced steel, poured concrete floors, and concrete-filled block, the home is virtually indestructible and soundproof.  The home is also pre-wired with fiber optic cable capable of transmitting 8K video to every room and patio. There’s also a whole house 70Kw generator at the ready in case of emergency.  All recessed lighting is the highest end Tech Lighting Element fixtures.  

The home also features has a commercial-ready Savant control system that can manage lighting, temperature, security, home theater, fireplaces, cameras, locks, advanced security system and more.  Lighting is controlled by a Lutron Homeworks system coupled with programmable metal Palladiom keypad switches. Each room has wired Lutron Sivoia QS shades that provide translucency and privacy.

6717 S Flagler Drive, West Palm Beach is currently listed for $17,750,000 with Burt Minkoff of Douglas Elliman .

Construction At Fort Partners' Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Passes Halfway Point

The Miami-based development firm Fort Partners has announced that construction at Four Seasons Hotel and Private Residences Fort Lauderdale has now surpassed its halfway mark. The construction velocity has put the development on schedule to top off later this year, ahead of its 2021 opening. Offering a combination of luxurious design by a world-renowned team, first-class amenities and five-star services, Four Seasons Fort Lauderdale will be the first five-star development in Broward County. The construction news is made all the more momentous by the development's latest sales update, with more than 65% of the luxury residences sold. 

“Four Seasons Hotel and Private Residences Fort Lauderdale is making incredible strides toward completion,” said Ramzi Achi, Principal of Fort Partners. “We are proud to deliver a five-star development in Fort Lauderdale that will redefine thoughtful design for generations to come. We are pleased to watch the Four Seasons Fort Lauderdale come to life and we look forward to welcoming our first buyers home next year.” 

The 22-story hotel and condominium development will include 148 guest rooms and 83 residences ranging in size from one- to four-bedrooms, with each residence offering expansive living spaces, generous private outdoor terraces and unparalleled views of the Atlantic Ocean and Intracoastal Waterway. Elegant kitchens are complete with custom Tara Bernerd-designed European cabinetry and top-of-the-line Miele, Wolf and Sub-Zero appliances, while custom European vanities and select branded fixtures adorn the well-appointed master baths. 

“We have always seen a very strong interest in the lifestyle offered by Four Seasons Fort Lauderdale. The spacious residences with private outdoor living spaces, which offer an abundance of natural light within, combined with the privacy and service afforded by Four Seasons, make these homes exactly what buyers are looking for today,” said Dan Teixeira, Director of Sales, Four Seasons Private Residences Fort Lauderdale. 

Four Seasons Hotel And Private Residences was designed by an internationally acclaimed design team with architecture by Kobi Karp, interiors by London-based interior designer Tara Bernerd who was responsible for the elegant design of the lobby and private residences; hospitality designer Martin Brudnizki designed the development’s signature culinary experience; and landscaping by Miami-based landscape architect Fernando Wong. Construction at Four Seasons Fort Lauderdale is being overseen by Coastal Construction by premier construction management company Lehrer Cumming. 

“As the building is forming into its dimensional physical shape, the presence of the sculptural form is becoming visible to the public,” said Kobi Karp, Founder and Principal-in-Charge of Kobi Karp Architecture and Interior Design. “Four Seasons Fort Lauderdale goes beyond the typical residential building and will become the defining address for Fort Lauderdale.” 

Providing an exceptional, five-star lifestyle, Four Seasons Private Residences Fort Lauderdale offers an array of amenities and à-la-carte services, including a state-of-the-art fitness center, two pools with luxury cabanas, beach butler service, signature Four Seasons spa and yachting services. Pets will have their very own pet concierge and on-call veterinarian. Residents of Four Seasons Fort Lauderdale will also receive special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean. 

Pricing for two- to four-bedroom private residences starts at $3,595,000 and occupancy is scheduled for 2021. Douglas Elliman Development Marketing is the exclusive sales and marketing firm for the development.

SHVO Wins Approval To Move Forward With The Development of The Raleigh Hotel Masterplan In South Beach

Real estate owner and developer Michael Shvo, chairman and CEO of the NYC-based real estate investment and development firm SHVO, has won approval from the Historic Preservation Board (HPB) of the City of Miami Beach to move forward with the three-acre master plan development of The Raleigh Hotel. The three-acre site includes the neighboring South Seas and the Richmond, located on Collins Avenue and 18th Street in Miami Beach.

"The Raleigh Hotel is the crown jewel of Miami Beach,” said Shvo. “This approval marks a new milestone in the partnership between SHVO, South Beach and the surrounding community. SHVO will continue to honor Miami's rich history and culture. We vow to play a significant role in the city’s continued growth and transformation.”

The board approved The Raleigh Master Plan to fully restore the three properties and to unify them as one site in order to operate them as a luxury hotel and condominium building, as presented by developer Michael Shvo and his partners. The approved plan includes construction of a new 175-foot oceanfront residential tower designed by Kobi Karp behind the Richmond and South Seas.

The plans, which were submitted to the board in April, will restore The Raleigh Hotel and its iconic pool, and the historic frontage of the Richmond and South Seas Hotels to their original 1941 grandeur, conceived by legendary architect L. Murray Dixon.

Shvo and his team worked diligently over the past 18 months with the HPB and held over 100 meetings with Miami Beach stakeholders to ensure that the proposed plans would maintain the building’s original façades, effectually restoring the streetscape. Shvo describes the redevelopment will restore the existing façades “exactly the way it was when it was originally built.” This includes the removal of the penthouse floor that was added to The Raleigh in 1961, the restoration of the original façades of the South Seas and the Richmond hotels. 

SHVO purchased The Raleigh Hotel from Tommy Hilfiger in February 2019 for $103 million and later purchased the Richmond and South Seas for a combined $140 million in August 2019.

Given The Raleigh’s storied history, SHVO is committed to returning it as a cultural beacon for the greater Miami community. Last year, SHVO installed The Raleigh Gardens, an immersive and free temporary installation on the grounds of the hotel, featuring extraordinary sculpture from Les Lalanne.

Take An Exclusive Tour Of This Newly Completed Venetian Islands Contemporary Asking $4.75 Million

The Venetian Islands have been a hot spot for those looking for tranquility and privacy yet be just minutes from South Beach, Brickell, Wynwood, Miami Design District and Downtown Miami. Located at 1509 NE 12th Place on the Venetian Islands’ San Marco Island, this contemporary tropical residence was completed in 2019 and features the finest finishes including a POGGENPOHL kitchen. The home spans 5,016 square feet and offers 5 en-suite bedrooms with an open floorpan for lots of natural light.

Glass sliders blend indoor to outdoor living with the main living area opening direct to the pool and yard making for a great home for entertaining. Other luxurious features include a stunning master suite with water views, two massive walk-in closets & bathroom with a serious ‘wow’ factor.

1509 NE 12th Place, Miami, is currently listed for $4,750,000 with Dominique Duque and Ana Guillen of Compass. Ana and Dominique can be reached at 305-766-7666, ana.guillen@compass.com or dominique.duque@compass.com.

PROFILE Exclusive: Developing In Miami's Ever Changing Urban Landscape With Raimundo Onetto of Alta Developers

With over 30 years of development experience and having developed more than 3,500 units in the South Florida market, Raimundo Onetto of Alta Developers has been a driving force in the region’s massive transformation. Onetto has been involved in some of the most impactful projects in Miami’s hottest neighborhoods such as One Paraiso, Le Parc at Brickell, 900 Biscayne, Quantum on the Bay, etc. Now, Onetto has turned his attention to the fast-growing hotspot Miami Design District, where he recently completed and launched sales of Quadro at the Miami Design District. The two-tower, 198-unit project 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.

Despite the COVID-19 pandemic, Onetto has been able to keep the gas pedal down on sales at Quadro and was able to welcome us to the site for an exclusive tour of the newly completed project. When walking the building with Onetto, his hands-on approach to the design and development becomes evident from the building’s layout to the design and finishes of the units. After the tour we were able to catch-up with Onetto to find out more about how he got involved in development and where Miami real estate is heading:

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PROFILE: How did you get into real estate development? What is your background?

Raimundo Onetto: I’m an architect by trade. I actually began my career as the Founder & Partner of Archiplan, a global architecture, design & planning firm in Chile. I also founded a development company in Chile, called Exxacon, a Chilean-Spanish real estate development company that started with projects in Chile and Spain. In 2002, I came to Miami with my family, and partnered with Terra International to introduce Archiplan USA and we became Terra Group.

PROFILE: Did you have any mentors that helped shape your life or career?

RO: Not necessarily. I just know that since high school I dreamt about becoming an architect. In college/university I was even more drawn to architecture, creating spaces and becoming a professional architect. I made my dream come true and through the years I became intricately involved in the entire development and creation process. 

PROFILE: You mentioned that your background is as an architect, when and why did you take on the developer role? 

RO: I had been an architect but I was always deeply involved in the development process and worked closely with the different developers of Chile throughout all the phases of projects and since I was so close to these projects through all of their stages, the next natural fit for me was to become a developer myself. It was a seamless transition. 

PROFILE: As a developer where do you draw your inspiration from?

RO: Back in 1987 when I completed plans for my first building in Santiago, that only fueled my passion to do more and to plan for more projects and developments that would create impacts in cities. This project ultimately fueled my desire to go beyond planning and designing buildings in Chile.

PROFILE: When did you start building and investing in Miami? What was the attraction to the area? 

RO: In 2001, I began really studying the different markets and identifying where the opportunities existed in Miami. A year later, in 2002 we created Terra Archiplan with Pedro Martin and his son David. We analyzed different areas and carefully watched market demands and behavior of buyers. We began developing in the core areas of the city. Our first development together was located in the Dadeland area building out Metropolis, and then went to downtown Miami, and then west to Doral.

PROFILE: When did you acquire the land for Quadro? How did Miami Design District look at that time? 

RO: Alta Developers acquired the land where Quadro sits in the Miami Design District six years ago, in 2014. The Miami Design District at the time was just starting to take off. They had created pedestrian walkways, they brought in a new group of restaurants, luxury condominiums, and new retail stores with renowned brand names, including Tom Ford, Pucci, Berluti and Fendi.

PROFILE: Where did the concept for Quadro come from? Tell us about the design. 

RO: Designed by Behar Font & Partners, the two-tower 12-story, urban resort-style condominium building offers just 198 residences that are truly imaginative. While the entire premise is adorned with more than 542 site-specific works of contemporary art created by Francisco Del Rio of ART with DNA, Quadro offers fully- furnished, art-infused residences that are located at the cross sections of Miami's premier fashion districts, where names like Gucci, B&B Italia and the de la Cruz Collection can be found. Quadro, was also designed as a distinct condominium asset since it offers high-end turn-key residences with resort-style amenities at compelling price points in the Design District. These residences provide complete flexibility for permanent residents, the seasonal snowbird and the vacationing short-term guests. At Quadro, buyers also have the flexibility to purchase units with tenants or place units into a short-term rental program, all within a central location near Miami’s premier attractions.

PROFILE: Why did you guys wait until the building was completed to launch sales?

RO: Our mission is to build sustainable communities and integrate them into the destinations and districts they reside in. Our plan was to build Quadros’ residences as condominium homes and in 2019, the City of Miami modified code regulations offerings short-term rentals within the district and that was when we began looking at ways in which we could capitalize on market opportunities this modification presented for us as well as prospects. We identified the demands of the market were changing so that was when we permitted for condominiums documents, which some renters are currently benefitting from today.

PROFILE: How have sales been? Where are your buyers coming from? 

RO: We launched sales in late February and began accepting reservations. Shortly thereafter in March, Covid hit and we had to halt in-person tours as well as cancel the official sales launch event we had planned. Sales and interest continue coming. We are seeing that there is tremendous interest but serious foreign buyers want to wait until they can travel to Miami to sign contracts, which we expect to see soon. Currently, we are in the process of converting reservations into contracts. We are also seeing that several buyer inquiries that want to come to Miami have been coming in from across Central and Latin America, including Mexico, Brazil, Colombia, Ecuador, Chile, Argentina and Peru.  

PROFILE: What did you guys do during the COVID-19 shut down to keep sales moving forward? (Drive through closings, virtual tours, etc.)

RO: Like many, we had to adapt our efforts and shift the selling process to a virtual one. This resulted in a number of virtual presentations, live and recorded virtual tours via Zoom, FaceTime, or WhatsApp, and several webinars and live interviews, both with brokers and buyers. We now have most of our model residences available for 360 virtual tours, which can be viewed at any time through a link, where prospects virtually walk through a residence just as they would in a physical tour, with the added flexibility of them being self- guided and easily accessible. Additionally, when Stay Home orders were lifted, we did begin booking private appointments and tours with implemented social distancing and health practices in place. Earlier in July, we began setting appointments for those that made reservations to sign contracts. In some cases, we have had some contracts being signed through e-documents. 

PROFILE: Tell us about the short-term rental program? 

RO: The two-tower, resort-style condominium building with 198 residences also provides buyers the flexibility to purchase units with tenants or place units into a short-term rental program, which provides immediate long-term opportunities for buyers that cannot move upon purchase, or that simply want to have a home in Miami on a seasonal basis. We have seen some owners prefer to manage their own short term rentals, and others that choose to place units into the Nomada destination residences program.

The first benefit, is the immediate opportunities residences present with the rental program available to them. The other immediate benefit is that they are turn-key and move-in ready now. They also enjoy the amazingly styled spaces, unique amenities and a prime location, which is steps away from the Miami Design District, Wynwood, Downtown Miami, and only a short drive to Miami Beach and Miami’s International Airport. Quadro truly provides an exclusive lifestyle destination that is in walking distance to shop, dine or enjoy the outdoors.

PROFILE: When a buyer closes on their unit and you turn over the keys, what are some of the features that will stand out to them as an owner at Quadro?

RO: The boutique building boasts an expansive amenities deck with a pool, summer kitchen and cabanas, all of which provide ample space for outdoor recreation with breathtaking panoramic views of the city and Biscayne Bay in the Miami Design District. The sprawling poolside club room, yoga and spinning rooms create a private setting fit for relaxation or spending time with loved ones. Advanced home technology in each residence includes NEST smart home thermostats as well as a Latch Bluetooth keyless entry system with cameras that offer complete control through a homeowner’s mobile phone. Quadro also features electric car charging stations and a state-of-the-art pet washing facility. 

PROFILE: Where do you see the future of Miami development? What does Miami lack?

RO: I see most developments happening in areas that are already very concentrated like Downtown Miami, Dadeland, Coral Gables and I think we will continue to see those areas expand outward.

I think Miami lacks impactful projects like Brickell City Centre and that has a global appeal and that are synonymous with world-renowned names. I feel projects like that will make big impacts much like they do in big cities across the globe. Internationally recognized brands, make cities more appealing like the Miami Design District has done. 

PROFILE: Do you have anything else in the pipeline? 

RO: Yes, we have several projects in the pipeline throughout South Florida, including: 

• Phase 2 EON Flagler Village 

• 250 Bird Road

• Pinecrest Views 

• 6075 Sunset Drive

• Vesta at Neovita Doral

About Raimundo Onetto:

Onetto has 30 years of development experience, bringing more than 3,500 units to the South Florida market. Onetto has been involved in some of the most noteworthy additions to the South Florida real estate landscape, including One Paraiso, Le Parc at Brickell, 900 Biscayne, Quantum on the Bay, Metropolis at Dadeland, among others. Onetto and his innovative team at Alta Developers are the masterminds behind some of the South Florida’s most highly acclaimed projects including the recently completed Quadro at the Miami Design District, EON Flagler Village, Pacifica Boynton Beach and Neovita Doral. Onetto prides himself on being very hands on with all of Alta’s projects and their design stages, which gives their products a truly competitive edge.

About Alta Developers:

Alta Developers is a South-Florida based real estate development firm, whose Principal & CEO Raimundo Onetto has been involved in some of the most noteworthy additions to the South Florida real estate landscape, with current projects such as EON Flagler Village, Pacifica Boynton Beach, Quadro at the Miami Design District, Neovita Doral, Vesta at Neovita Doral, and past projects such as One Paraiso, Le Parc at Brickell, Quantum on the Bay, Metropolis at Dadeland, among others. These properties have been ahead of the curve from the start of each project often leading the way for future development in the areas and neighborhoods they occupy. Through advanced aesthetics and technology, Alta Developers develop with a commitment to environmental sustainability and cultural integrity, ensuring a continued stature as landmark properties in a particular destination. To date, this smart, thorough approach to development has lead the way to pursue future opportunities in emerging neighborhoods throughout Miami, Fort Lauderdale, Boynton Beach, and beyond. Alta is continuing to curate and design new developments in key markets, including, Pinecrest Views, Alta 9600, EON Flagler Village Phase II, and 250 Bird as well as 1400 Biscayne.

Andrew Kurnit of DWNTWN Realty Advisors Arranges $19 Million Construction Loan For Redwood National Properties Opa-Locka Project

Andrew Kurnit of DWNTWN Realty Advisors, the premier commercial real estate firm, arranged a $19 million construction loan from City National Bank of Florida for a townhome development in Opa-locka, Florida. Real estate investment firm Redwood National Properties, in a joint venture with David Burstyn of Winston Capital Partners, LLC, plans to build 112 four-bedroom, two-and-a-half-bathroom units on the 10-acre site located at 1719 NW 143rd St.

The venture closed on the site acquisition concurrently with the construction financing on August 27th. Redwood is led by Brian A. Sidman of BAS Holdings Investments, LLC. Kurnit was engaged by BAS to provide financial analysis and capital advisory services for the project.

“Miami’s affordable housing crisis is extensively documented, and four-bedroom units are amongst the scarcest,” said Kurnit, head of DWNTWN’s capital advisory practice. “The project is unique for Miami as it contains enough acreage for townhome development, is both gated and lakefront and in close proximity to the region’s main employment and leisure drivers.”

The development will consist of 23 separate four and five-unit buildings and the developers intend to target Section 8 Housing Choice Voucher Holders in its leasing strategy. The community will be gated, lakefront and well-appointed, all rarities for affordable and workforce housing. Each unit will feature contemporary finishes, high-impact windows and lake views. Coastland Construction will be the builder. Redwood’s site is located within an existing 59-unit townhome development called The Mirage at Sailboat Cove, which was initially constructed in 2007.

The project is expected to begin delivering units in mid-2021, with full completion expected in early 2022.