ARTE by Antonio Citterio Breaks Record With $33 Million Triplex Penthouse Cash Sale In Surfside

ARTE, a new oceanfront luxury condominium developed by Alex Sapir and Giovanni Fasciano, have announced the record-breaking sale of its triplex penthouse for $33 million. The all-cash transaction is Miami Beach’s third most expensive penthouse sale in the last seven years, and represents the highest price per square foot ever recorded in the city’s exclusive Surfside neighborhood. In the transaction ARTE was represented by Tara West of Douglas Elliman Development Marketing and Ryan Serhant of Serhant Group and Julian Cohen of Jills Zeder Group represented the buyer.

“We’re thrilled to have sold this penthouse at a record-breaking price for Surfside and Miami Beach, as ARTE is much more than an ordinary luxury condominium,” said Alex Sapir, Chairman of Sapir Corp LTD, whose Israel- and New York-based subsidiary, SC 8955 LLC, developed the project. “Buying at ARTE is like joining an exclusive club reserved for the domestic and international elite who place a premium on privacy, architecture and service, an experience that one can attain at the finest hotels and resorts around the world without the transient environment. We aimed to design a lifestyle that would allow for buyers to always feel like they’re on vacation, even if Miami is their permanent residence. The dedication to the experience and design has been the mission from day one and we hope that all these details are what resonated with the penthouse buyer, as there’s nothing else comparable in the city.”

At roughly $4,300 per square foot, the five-bedroom residence has shattered the previous Surfside record of $3,656 price per square foot. The penthouse at ARTE also secured the second-highest price per square foot in Miami Beach’s penthouse history. The transaction represents the third-most expensive penthouse sale in Miami Beach within the past seven years.

“The world’s most affluent people with homes across cities like London, LA and New York are now coming to Miami for its warm weather, beautiful beaches, tax benefits and unique lifestyle,” said Giovanni Fasciano, developer partner at ARTE. “We are truly the premiere luxury condominium that can offer them the privacy and services that they have come to expect. The design and quality of ARTE will stand the test of time. We are proud to hold the record for most expensive penthouse sale in Surfside and the second-highest price per square foot in Miami Beach’s penthouse history. The titles are truly reflective of the amount of thought and care that went into developing such a special project.”

The triplex penthouse is the crown jewel of ARTE. At 7,681 interior square feet, the penthouse features five bedrooms, five bathrooms, two powder rooms, and an additional 6,260 square feet of terrace space with 360-degree panoramic views of Miami Beach, the Atlantic Ocean and the illustrious Surfside shoreline. The home also includes a private rooftop lounge featuring a show-stopping, 23-foot swimming pool, a wraparound pergola in Botanic Green Quartzite, as well as a fully equipped kitchenette. The record-breaking penthouse was sold completely furnished by Visionnaire, a leading Italian design brand, with showrooms in the U.S. and around the world, to a highly sophisticated individual from New York who works in private equity.

With ARTE, a 12-story luxury oceanfront building comprising of just 16 exclusive residences, Alex Sapir and Giovanni Fasciano created a masterpiece in Miami’s condominium market. Featuring a stunning design by Italian master architect Antonio Citterio, ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE residents enjoy a robust suite of amenities not found in other Miami luxury condominiums. They include a 75-foot 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.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

SeaGlass Jupiter Island Celebrates Groundbreaking

Fontainebleau Development, LLC, and Perko Development Partners as the local co-development partner, celebrated the groundbreaking of a new oceanfront condominium, SeaGlass Jupiter Island. The condo will feature 21 luxurious residences with unobstructed ocean views and is expected to be completed in fall 2022. Attendees of the ceremony included: Jeffrey Soffer, Fontainebleau Development chairman and CEO; Bruce Weiner, Fontainebleau Development COO of Residential; Jim Cohen, Fontainebleau Development president of Residential; and Phil Perko, founder and president of Perko Development Partners. 

SeaGlass Jupiter Island is designed by architect Robert M. Swedroe of Swedroe Architecture. The residences will be designed with private terraces, outdoor kitchens, 10-foot ceilings and sweeping panoramic views of the ocean. A fob-controlled elevator will lead to a private entry foyer in each residence. Amenities include an oceanfront infinity pool, heated relaxation spa, fitness center, yoga and meditation lawn and two-story lobby. 

SeaGlass Jupiter Island is located at 1500 Beach Road, situated between the Atlantic Ocean and Intracoastal Waterway on Jupiter Island in the village of Tequesta. Sales for the exclusive condo launched in May with prices ranging between $5.9 million to over $10 million.

Fortune International Group Announces $6.6 Million Sale In Herzog & De Meuron-Designed Jade Signature

Fortune International Group has announced the $6.6 million sale of a move-in ready residence, No. 4901, in the developer’s award-winning Jade Signature condominium tower in Sunny Isles Beach. The transaction represents the sale of the last remaining residence outside of Jade Signature’s “The Collection,” a portfolio consisting of the tower’s most luxurious offerings, including two-story Sky Villas and a soon-to-be-unveiled two-story penthouse, ranging from $11.9 million to $29.5 million. The listing agent was Fortune Development Sales and the in-house agent assisting the sale was Elizabeth Garcia. The buyer was represented by Saddy Delgado Abuanza with One Sotheby’s International Realty.

“This residence is among the most stunning in Jade Signature – reflective of the building’s overall attention to detail that has made it among the most sought-after in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Representing our last residence outside of “The Collection” offerings, the sale of No. 4901 is a testament to the tremendous demand among well-heeled buyers to live in this tower, as each of our turnkey homes have been met with almost immediate purchase.”

The sale No. 4901, which was finished by Fortune International Group Construction Division, is the latest in a string of recent turnkey residence sales at the property, including seven over the past year, as the pandemic only amplified the demand for fully finished, move-in-ready residences. Jade Signature was designed by Pritzker prize-winning architecture firm Herzog & de Meuron, with interiors by Parisian interior design firm PYR and landscaping by architect Raymond Jungles Inc.

The unit featuresflow-through views of both the ocean and Intracoastal Waterway, the five-bedroom, six-and-a-half-bath home features 4,953 square feet of space as well as 1,454 square feet of sprawling terraces. Stunning accents and finishes abound, including exceptional millwork and an utterly timeless palette of beige and white, complemented by floor to ceiling glass windows and sliding doors throughout and the addition of artfully placed bronze mirrored panels to reflect the beautiful colors of the sea.

The light-filled residence is complemented by 10-foot ceilings, walls of glass, and an open floor plan. Designed for entertaining, the home features a family room, living room, dining room, bar, playroom and service quarters. The unit also features a kitchen with European designer cabinetry handcrafted by Snaidero and appliances by Gaggenau® and Sub-Zero®. The master bedroom boasts a resort-like feel with a separate sitting room and master baths featuring PYR custom-designed cabinetry and modern twin basins.

Currently, a limited number of residences remain for sale within the building, including Jade Signature’s “The Collection,” a compilation of two-story Sky Villas and a two-story penthouse, ranging from $11.9 million to $29.5 million. Next month the two-story penthouse will be revealed which offers all of these world-class features as well as a private pool, gym and 360-degree views.

East End Capital Receives Approval For Kobi Karp-Designed Co-Living Project, FOYER Wynwood

East End Capital, led by Jonathan Yormak, received approval from Miami’s Planning & Zoning Department for FOYER Wynwood on December 1. FOYER Wynwood is a co-living, mixed-use project at 2400 North Miami Ave. which is now pending a construction permit and demolition permit for remaining structures on the site. FOYER Wynwood is designed by Kobi Karp Architecture & Design and when complete will feature 375,000 SF of total development splits between 236 apartment units, 12,528 square feet of retail, 7,497 square feet of restaurant space and 400 parking spaces.

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.

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 Wynwood will also offer 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.

FOYER Wynwood 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.

Tricera Capital, LNDMRK and Related Group Break Ground On The Dorsey In Wynwood

The Related Group, Alex Karakhanian’s LNDMRK Development, and Scott Sherman’s Tricera Capital have broken ground on The Dorsey in Wynwood. The Dorsey is a mixed-use project which will rise 12-stories and will feature 306 apartment units; 35,000 SF of retail; 70,000 SF of office and 476 parking spaces. Units will range in size between 500 and 700 square feet with some micro-units in the 400 square foot range. The project was designed by Arquitectonica and will be located along one of the planned Woonerfs as part of Wynwood’s new ArquitectonicaGEO-designed streetscape, which open up space for pedestrians while also allowing car access.

“We are proud to partner with Related and Alex karakanian on this mixed use project in the most dynamic and growing neighborhood in Miami,” said Scott Sherman of Tricera Capital.

The Dorsey will be built at the site of the former Coca Cola plant and was previously owned by Thor Equities and Rockwood Capital who had proposed a Touzet Studio-designed project. The JV, which purchased the 2-acre site in late 2019 for $32 million, demolished existing buildings on the site, some of which were originally built in the late 1920’s including the former Coca Cola plant. The Dorsey will be located at 280 NW 28th Street.

Brightline And Disney Announce Plans To Build A Train Station In Walt Disney World Connecting To Orlando International Airport And Miami

Brightline has recently announced a plan to build a new train station at Walt Disney World in Orlando, connecting directly to Orlando International Airport and Miami. Brightline, who currently operates trains between Miami and West Palm Beach, has been seeking expansion to Orlando since launching in 2018. The next stop will be Orlando International Airport, expected to be completed by 2022, with future plans to extend to Walt Disney World. The new Disney station will open in the Disney Springs complex, a popular spot for dining and entertainment such as live music and shows. 

Millions of people visit Disney World every year. Brightline’s new train will make easy access for Disney tourists flying into Orlando International Airport, and also will allow visitors from Miami to travel directly to Disney World without a car for the first time. The train service from Miami to Orlando International Airport is on schedule to begin in 2022, but there is no set timeline for the Disney World station yet. Brightline is also currently working on engineering a future expansion to Tampa. The Brightline was developed by Florida East Coast Industries.

Wynwood's Newest Class-A Kobi Karp-Designed Office Building, The Gateway, Tops Off

The Gateway at Wynwood has just topped off at 13-stories by R&B Realty Group. The project is a Class-A office building in Wynwood’s emerging neighborhood and new office submarket. The Gateway will feature 195,000 sq.ft. of leasable office space, private rooftop terrace and 25,900 sq.ft. of retail space on the ground floor. 

Shelby Rosenberg, Principal of R&B Realty Group, said, “This is one of the most important moments in the construction of a commercial project, especially as we are ahead of schedule amidst the pandemic. We are excited to see The Gateway at Wynwood is a step closer to reality. Our project will contribute to the transformation of Wynwood into a 15-minute city, where people can access their office, home, the grocery store, restaurants, and more within a 15-minute walk. We want to thank the city, the area’s stakeholders, our construction and design team, and all our partners for trusting us and helping The Gateway at Wynwood reach this important milestone.”

Plaza Construction is The Gateway’s general contractor and Kobi Karp is the architect. The 13-story building is estimated to be complete in the second half of 2021 and is currently ahead of schedule. 

"Despite the challenges that COVID-19 has posed across our industry, we are proud to have been able to reach this milestone on time and without incident,” said Brad Meltzer, president of Plaza Construction. "We prioritized the health and safety of all stakeholders with great success, and we look forward to continuing to deliver exemplary construction services to the South Florida market and beyond."

Wynwood is Miami’s newest and emerging office submarket and a hub for creative and innovative businesses. Many well known companies have already re-located office space to Wynwood including Spotify, WeWork, and Live Nation with other big names including Google, Apple Music and Dentsu looking to move into the area.

Stephen Rutchik, Colliers International Florida’s Executive Managing Director who handles office leasing for The Gateway at Wynwood said: “We are actively engaged with prospective tenants that are attracted to Wynwood because of its ‘live, work, play’ environment. This area has become a mecca for art, food, and entertainment just north of downtown Miami. While a few companies are hesitant to sign new leases just now, they do know exactly where they want to be … and that is Wynwood. We expect many of the deals in the pipeline for The Gateway at Wynwood will come to fruition as we get closer to completing the building later next year.”

The Gateway at Wynwood is located at 2916 N Miami Ave, a desirable location just a few minutes away from Downtown Miami, Aventura and Miami Beach. The area is also very close to Miami Internation Airport and PortMiami attracting many visitors and tourists all year round.

ReefLine, Miami’s First Underwater Sculpture Park, On Track To Open Phase One In December 2021

Miami’s first underwater environmental public art project, to be known as ReefLine, is on track to open Phase 1 in December 2021. The project will be built in several phases with Phase 1 spanning one-mile long. The project is designed by OMA / shohei shigematsu in collaboration with a team of marine biologists, researches and coastal engineers whose goal is to protect and preserve the city’s marine life. The installation will feature environmentally-functioning artworks by major international artists and designers. ReefLine will begin in South Beach and run north, providing a critical habitat for endangered reef organisms, promoting biodiversity and enhancing coastal resilience.

The project will span 7 miles underwater and attract both art lovers and eco-friendly tourists to view the underwater sculpture park via a snorkel trail. ReefLine is being developed by BlueLab Preservation Society, led by Ximena Caminos, in partnership with the City of Miami Beach and Coral Morphologic.

CC Homes Launches Circle S Estates Luxury Homes In Southwest Ranches

CC Homes, one of Florida’s leading homebuilders, has launched sales for Circle S Estates, the former stable of the legendary 1985 Kentucky Derby Winner, Spend A Buck, located in the exclusive mansion and bridle path-lined neighborhood of Southwest Ranches, just minutes from Weston. The private, boutique community of Circle S Estates will feature 42 luxury single-family estate homes on one full acre of land priced from $1 million.

CC Homes, an industry innovator, recently made national headlines for offering the nation’s first at-home telemedicine technology to new homebuyers as part of an exclusive partnership with Baptist Health South Florida. With health top of mind, CC Homes recognizes that families are seeking large, spacious homes with abundant green spaces and blue ribbon schools.

The former 48-acre equestrian estate was a prominent training and breeding farm for more than 30 years, under the ownership of Betty and Ralph Sessa that once stabled, Kentucky Derby winner, Spend A Buck. CC Homes has committed to upholding the property’s proud legacy and maintaining its Old Florida landscaping charm of towering palms and sprawling oaks throughout the property as well as the original fencing.

“These homes put families in the winner’s circle,” said Andres Miyares, Chief Operating Officer at CC Homes. “They offer a prestigious lifestyle in a story book neighborhood rich with racing history and canopied streets where private mansions and horses co-exist in an idyllic setting just outside of the vibrant metropolitan areas of Miami and Fort Lauderdale.”

Each one or two-story Circle S Estate will boast contemporary exterior elevations featuring from five-bedrooms and four and a half-baths, additional guest accommodations and a three-car garage. For a total of up to 7,207 square feet of space, Circle S Estates offer highly-appointed interior finishes with many choices for customization through CC Homes Design Studio. In a nod to its storied past, each estate comes with the option for a white ranch inspired fence with elegant stone balusters for added privacy and charm as well as room for a pool and outdoor kitchen.

Additionally, through CC Homes’ partnership with Baptist Health South Florida, each homebuyer at Circle S Estates will receive a complimentary Baptist Health Digital Health Kit powered by TytoCare™ and unlimited virtual urgent care visits for one year.

Circle S Estates is nestled in the charming, unspoiled Southwest Ranches neighborhood, home owners will enjoy easy access to major transportation corridors such as Interstate 75, Florida Turnpike and Interstate 95, and just a short drive from both Miami and Fort Lauderdale and nearby airports and seaports. For the horse enthusiast, a number of highly rated equestrian facilities and bridle paths are close by.

Metro Edgewater Gearing Up To Break Ground In Edgewater's Paraiso District

Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits. Metro Edgewater will rise 32-stories, 373’, and will feature 279 rental units targeted at millennials and young professionals. The project will also feature 4,063 square feet of ground floor retail and a pedestrian promenade along NE 31st Street with lush landscaping and street furniture, designed to act as a gateway for pedestrians from Biscayne Boulevard into the Paraiso District. The parking platform will feature a metal louver screen adorned with geometric artwork by the Miami-born artist Johnny Robles. Metro Edgewater is designed by Pablo Burgos of Burgos Lanza Architects & Planners with landscape architecture by James Socash, all in collaboration with David Polinsky’s Fortis Design + Build. Metro Edgewater will be located at 433-449 NE 30th Terrace and 430-452 NE 31st Street.