Tricera Capital And Alex Karakhanian's LNDMRK Development Acquire Cube Wynwd For $28 Million

Scott Sherman and Ben Mandell’s Tricera Capital in partnership with Alex Karakhanian’s LNDRMK Development have acquired the recently completed Class A office building Cube Wynwd for $28 million. The transaction was financed with $19.6 million in financing split between a senior loan from Amerant and a mezzanine loan from Glacier Credit Strategies which were arranged by Scott Wadler of Berkadia. Cube Wynwd was developed in 2019 by Redsky Capital in partnership with JZ Capital Partners and was financed by Bank OZK and Lionheart Strategic Management.

The building is located at 222 NW 24th St. in Wynwood. Cube Wynwd was designed by Arquitectonica and rises eight stories and offering 100,000 square feet of commercial space. Coworking operator Spaces had leased roughly 30% of the property prior to the sale. The New York-based restaurant group Kissaki also recently signed a lease for the rooftop restaurant space. Other tenants include local retailer ILLIMIT and Bonci Pizzeria.

For more information about commercial leasing at Cube Wynwd, private showings or availability/ pricing information please fill out the form below:

Miami Design District Becomes The First Neighborhood In The World To Achieve LEED Gold Certification

The Miami Design District has achieved the prestigious LEED Gold certification, becoming the first neighborhood in the world to achieve the Gold level (LEED ND: Built v4 Gold). Miami Design District marks the third neighborhood in the world to achieve LEED certification, which means “Leadership in Energy and Environmental Design,” for Neighborhood Development (version 4 Built). The trendy, luxury shopping, art and entertainment enclave is setting the bar for sustainable development in communities across the country.

Miami Design District is home to a number of luxury fashion houses, art galleries, fine dining experiences, and cafés. The open-air, pedestrian-friendly neighborhood, known for its many distinct and artistic façades, notably boasts a highly energy-efficient infrastructure.

Amongst the many sustainability aspects of the neighborhood’s redevelopment focus, several to highlight include: the re-infiltration of rainwater and restored natural hydrology made possible by the additions of expansive vegetated and high-albedo white roofs and tree-shaded streets, enhanced walkable streets and pedestrian walkways that promote community connectivity and encourage visitors to spend more time outdoors, and the integration of innovations from other Green Building Standards, including the WELL's feature "Beauty and Mindful Design," which incorporates different design elements and artwork that lend to a more calming environment.

In 2011 Island Planning Corporation (IPC) was brought in by DACRA and L Catterton Real Estate to design the Landscape Masterplan for the neighborhood. Miami Design District was inspired by the worlds leading shopping districts including Fifth Avenue and Rodeo Drive. IPC helped to establish a sophisticated visual continuity throughout the neighborhood, with mature canopy-covered streets and walkways, sculptural specimen trees, and extensive rooftop gardens.

Spinnaker Group, one of the most respected leaders in the green-building movement, provided LEED for Neighborhood Development consulting and energy modeling for this distinctive project, marking the neighborhood’s 4th earned LEED certification. Spinnaker Group also provided LEED Consulting, Building Commissioning and Energy Modeling for three other landmark projects within the Miami Design District including the Garden Building, featuring an intensive rooftop garden lounge designed by Island Planning Corporation (LEED Gold certified in 2013) - Palm Court, featuring underground parking to allow for a large open courtyard above for pedestrians and artwork, such as the Buckminster Fuller’s futuristic Fly’s Eye Dome (LEED Gold certified in 2015) - and most recently, Paradise Plaza, featuring intensive green roofs and underground parking with a large plaza above for pedestrians and artwork (LEED Gold certified in 2020).

Kolter Urban Launches Tallest Luxury Condo on Fort Lauderdale Beach

Kolter Urban, a Palm Beach, Florida-based real estate development and investment firm, has launched Selene Oceanfront Residences, a luxury condominium development located directly across from the award-winning Las Olas Beach at 3000 Alhambra Street. The 26-story, slender two tower, beachfront property will offer 204 luxurious residences with several unique floor plans, including penthouses.

Selene will feature over 5,300 square feet of restaurant space at the base of the building, providing an unrivaled oceanfront dining experience. Douglas Elliman will lead sales efforts for the development with residences priced from $900,000. Construction will commence in November 2021 with expected completion by early 2024.

“The inspiration behind Selene was to create thoughtfully designed ‘homes in the sky’ on Fort Lauderdale’s iconic beach,” said Bob Vail, President of Kolter Urban. “Residences at Selene perfectly couple the space and comfort of living in a traditional home with the luxury and sophistication of high rise oceanfront living.” 

Selene’s exceptionally spacious two- and three-bedroom residences will range from 1,400 to 3,200 square feet with a limited collection of penthouses. Residences have been designed to the highest standards of quality and craftsmanship. The open, contemporary floor plans with floor-to-ceiling glass showcase exceptional direct views of the Atlantic Ocean, Intracoastal Waterway, or dynamic city skyline from most residences. Seven of the nine available floorplans are positioned on glass corners offering breathtaking views. Residences are delivered ready for buyer customization upon ownership or with luxurious designer finish packages which include large-format porcelain flooring in main living areas, European cabinetry, and chef-inspired stainless appliances.

Designed by Kobi Karp Architects with interiors by ID & Design International, Selene brings contemporary architecture together with a host of indoor and outdoor resort-style amenities, including two elevated pool terraces with a resort-style pool, a lap fitness pool and a spa, contemporary poolside cabanas and day beds, open gathering spaces and intimate conversation areas, an outdoor kitchen, multiple fire pit lounge areas and a pavilion-shaded pool bar. Concierge services are available and range from everyday needs such as dry cleaning to pre-arrival residence preparation. For elevated peace of mind, Selene provides 24/7 security and access-controlled entry points to all elevators, both lobbies, the parking garage, and all amenity spaces. 

Selene’s two slender towers rise 300 feet, making the project the tallest luxury condominium on Fort Lauderdale Beach offering expansive homes in the sky. At street level, lushly landscaped grounds and elegant plazas at each corner create a seamless transition to the surrounding neighborhood and provide direct access to the beachfront.

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

ALINA Residences Receives TCO In Boca Raton Following Record-Breaking $50 Million Q1 2021

ALINA Residences Boca Raton reached its final construction milestone after receiving its temporary certificate of occupancy (TCO). The nine-story, 121-resident property, located at 200 SE Mizner Blvd. in Boca Raton, will begin closings in April. The milestone comes just as the project achieved a record-breaking $50 million in sales in Q1 2021.

“ALINA’s story began on canvas as an exquisite painting by Boca’s very own architect, Peter Stromberg,” said Noam Ziv, Executive Director of Development at El-Ad National Properties. “To stand here today having overseen its journey from canvas to completion is a monumental moment for our team and the city of Boca.”

ALINA Residences is being developed by Florida-based El-Ad National Properties, an Elad Group company, designed by architect Peter Stromberg of Garcia Stromberg/GS4 Studios and brought to life by Moss Construction. A departure from Boca Raton’s robust Spanish-Mediterranean architecture, ALINA Residences is a beacon of modern living with seamless indoor/outdoor living spaces, boutique amenities and central downtown location.

“The organic design and artful details at ALINA evoke a sense of serenity and sophistication,” said Peter Stromberg – President of GarciaStromberg. “From exterior stone accents and expansive outdoor water features and gardens, to the highly curated interior finishes with custom-designed kitchens and spa-inspired bathrooms, the residences offer a sense of tranquility with stunning views of Boca Raton.”

Residences range from one-to-four bedrooms and span from 1,400 to over 4,800 square feet, with many featuring dens and private terraces overlooking the iconic Boca Raton Resort & Club golf course. The property includes 102 fully finished homes, 12 penthouses and an exclusive collection of seven villas with expansive terraces and private gardens.

ALINA Residences features 32,000 square-feet of private outdoor amenity space including a private rooftop pool deck with lounges and cabanas, outdoor dining and entertainment areas, or the outdoor yoga/ mediation greenspace. Indoors, residents will have access to a state-of-the-art fitness center, his/her spa and elegantly appointed clubroom.

The TCO marks the completion of ALINA Residences’ first phase of development, with two additional residential buildings planned to join the project in phase two.

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

Miami Marlins Outfielder Corey Dickerson Lists Ritz-Carlton Residences Miami Beach Pad For $2.695 Million

Miami Marlins outfielder and 2018 recipient of the Golden Glove Award, Corey Dickerson, has listed his Miami Beach pad at The Ritz-Carlton Residences, Miami Beach for $2,695,000. The loft at the exclusive Ritz-Carlton Residences, Miami Beach features 3-bedrooms and 3.5-bathrooms with a den featuring Piero Lissoni-designed kitchen/bathrooms and a spacious terrace with summer kitchen & jacuzzi.

The unit features 3,292 SF of beautifully designed interior space with grey porcelain flooring, 25' ceiling in Great Room, floor-to-ceiling windows with remote-controlled shades, spa-like master bath with glass-enclosed wet room & jetted soaking tub, eat-in kitchen with Boffi cabinetry, Chef's island, Gaggenau appliances w/gas cooking & full-size laundry room.

Ritz-Carlton Residences, Miami Beach is purely residential as the building has no hotel component but still offers the same 5-star services as the Ritz-Carlton hotels. Amenities include a 1/2-acre rooftop pool deck, poolside restaurant, BBQ, boat dock, billiards room, virtual golf, theater, spa, fitness center, library, art studio, kid's room, 24-hour attended lobbies, valet and concierge.

Dickerson, currently Miami Marlins outfielder has previously played in the big leagues for the Colorado Rockies (2013–2015), Tampa Bay Rays (2016–2017), Pittsburgh Pirates (2018–2019), and Philadelphia Phillies (2019). In 2018 Dickerson was awarded a Golden Glove for his unbelievable season with the Pittsburgh Pirates.

MLB stars are no stranger to the exclusive development of Ritz-Carlton Residences, Miami Beach, in 2019 Mike Piazza purchased a unit for $5,600,000.

The Ritz-Carlton Residences, Miami Beach, 4701 N Meridian Avenue, #Loft 218 is currently listed for $2.695 million with Michael and Jaimee Light of Douglas Elliman’s Sports & Entertainment Division.

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

Leading Venture Capital Firms Founders Fund And Atomic Sign 10-Year Leases At Wynwood Annex

Miami’s push to attract the tech industry continues in hyperdrive as leading venture capital firms Founders Fund and Atomic have signed 10-year leases at Wynwood Annex. OpenStore, an e-commerce joint venture between Founders Fund and Atomic, has also signed a 5-year lease for space in Wynwood Annex. The leases total over 22,000 SF and asking rents were $57 PSF at the time of lease. The deal was overseen by Tony Arellano of DWNTWN Realty Advisors, who represented the landlord, and Matthew Goodman, Adam Bernstein and Jeff Gordon of JLL, who represented the lessee’s.

Wynwood Annex is located at 215 NW 24th St. and spans 65,000 SF over 8-stories. The property was completed in 2019 and was developed by Related Group and East End Capital. Wynwood Annex features 60,000 SF of office space and 5,000 SF of ground floor retail space.

Founders Fund is led by PayPal co-founder Peter Thiel and was formed in 2005. The firm currently has more than $6 billion in aggregate capital under management and invests across all stages and sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer Internet, with a portfolio that includes Airbnb, Lyft, Spotify, Stripe, and Oscar Health. Founders Fund was the first institutional investor in SpaceX and Palantir Technologies, as well as was an early investor in Facebook.

Atomic is a startup studio and investment fund led by Jack Abraham. The firm was founded in 2012 and has co-founded over 18 companies including Hims, Bungalow, Homebound, Paravision, Raydiant and TalkIQ.

Turnberry Associates and LeFrak Organization Lock Down $32 Million Construction Loan For SoLé Mia

Turnberry Associates, led by Jackie Soffer, and the LeFrak Organization, led by Richard LeFrak, have locked down a $32 million construction loan for the 187-unit Villa Solé at the $4 billion SoLé Mia mixed use masterplan in North Miami. The loan was provided by JP Morgan Chase Bank. Villa Solé is a 187 unit, 6-story multifamily building designed by MSA Architects with interiors by KDS Interiors. The building topped off Q1 2021 and is expected to be delivered Fall 2021. The developers have also planned another 190-unit multifamily building Villa Laguna.

In March 2019 the first residential tower at SoLé Mia, The Shoreline, was delivered. The SoLé Mia masterplan includes 12 towers, 500,00 SF of retail and commercial space, a 225,000 SF University of Miami Health Center, all anchored around South Florida’s first 7-acre Crystal Lagoon, Laguna Solé, at the $4 billion, 184-acre master-planned community, SoLé Mia. SoLé Mia will ultimately be a 183-acre master-planned community with the entire development expected to take over 10 years to complete. In total SoLé Mia will feature 4,300 residential units, retail, entertainment and recreation.

JDS Development Commences Closings At The Jean Nouvel-Designed Monad Terrace In South Beach

The New York-based JDS Development Group has begun closings at the Jean Nouvel-designed Monad Terrace in South Beach. Located at 1300 Monad Terrace, the project first launched sales in 2017 and topped off in February 2019. The development partnership led by JDS Development Group began assembling land in 2015. The project was capitalized with $137 million in construction financing funded by the New York-based Madison Realty Capital.

Monad Terrace offers 59 residences that range from 2 to 5 bedrooms, 1,453 SF to 5,350 SF of interior space, and start at $1.7 million. Residence features include private elevator access, custom kitchens and bathrooms by Jean Nouvel with sprawling outdoor terraces. The building offers a true indoor-outdoor living experience, featuring climbing gardens and reflecting pools that complement the property’s central lagoon and ocean views.

Amenities include an infinity edge waterfront pool and hot-tub located directly on Biscayne Bay with lush landscaping throughout by Jean Nouvel, a 24 hour concierge, valet parking, pool service, cafe and juice bar, resident's lounge, waterspouts storage and bicycles and paddle boards for the residents. Monad Terrace is located just south of the Waverly at the intersection of Monad Terrace and West Avenue on Miami Beach at 1300 Monad Terrace.

Because of its coveted position on Biscayne Bay, Nouvel imagined Monad Terrace as a “reflective machine” which uses daylight, water, glass and steel to achieve glittering reflections that act as an extension of the ocean. The project was designed in collaboration with the Miami based Kobi Karp, fusing environmental responsibility with innovative climate resilience features into the architecture, starting by elevating the building 11.5', well over Miami Beach standards. The start of Monad Terrace’s signature water garden, comprised of the central lagoon, reflective pools and adjacent swimming pools, can be seen in the first construction shots, along with the sawtooth façade that allows for ocean views from each residence.

Remaining units are priced from roughly $2 million to $12.5 million with Douglas Elliman Development Marketing exclusively overseeing sales and marketing for the project.

Images via Douglas Elliman

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

The Oasis Wynwood Is Gearing Up To Open In A Few Weeks With Six New Restaurants

The Oasis in Wynwood is gearing up to open in the next few weeks with six restaurants and a 75’ tall “Tower Bar” made out of shipping containers featuring a mural by Antonio Marest. The restaurants include Mr. Mandolin (Mediterranean), Prince Street Pizza, Los Buenos (taqueria), Alidoro (Italian), Buya Dumplings + Buns (Asian street food), and Chikin (crispy chicken concept). There will also be an indoor/outdoor cocktail lounge and nightclub named Huacachina inspired by Huacachina, Peru. The Oasis also features a selection of retail space, art studios, cafes and an outdoor stage for live performance. The indoor/outdoor urban campus is designed by Urban Robot Associates and is being developed by Carpe Real Estate Partners.

The Oasis encompasses 70,000 SF including 35,000 SF of former warehouse space converted into 20,000 SF of creative office space with a 2,500 SF rooftop and 17,000 SF of retail space. Outside offers 35,000 SF of heaving landscaped outdoor courtyard space with an outdoor food hall and the 75’ tall “Tower Bar” to activate the outdoors and complete the urban campus. Retail suites range from 1,000 SF to 6,000 SF.

For more information about commercial leasing in The Oasis, private showings or availability/ pricing information please fill out the form below:

ROVR Development Launches Pre-Leasing At Grand Station Apartments In Downtown Miami

ROVR Development has launched pre-leasing for Grand Station Apartments, a 30-story apartment tower with 300 residences in Downtown Miami. The first tenants are expected to begin to move-in this summer. The $70 million development is a transformative public-private partnership with the Miami Parking Authority (MPA), bringing a combination of residential floorplans to MPA’s headquarters at 40 NW 3 Street and expanding the existing garage at Courthouse Center with 350 parking spaces.

ROVR Development, led by Principals Oscar Rodriguez and Ricardo Vadia, are developing the project, and Monument Real Estate Services (MRES), an A-Rod Corp Company, will be the property manager.

“Downtown Miami was in immediate need of luxury housing that brought residents close to the city’s renowned amenities and transportation options that take them anywhere in South Florida,” said Rodriguez. “Working alongside the Miami Parking Authority, we were able to creatively use their existing space and enhance their own facilities, demonstrating the positive results that ultimately benefit residents when a public-private initiative such as this one takes place.”

Residences come in studios, one- and two-bedroom layouts and will feature high-end finishes such as custom Italian cabinets, stainless steel appliances, quartz countertops, walk-in closets and a full-size washer and dryer. Net effective rents for residences start at $1,277, $1,427 and $1,963, respectively.

Amenities will include an expansive New York-inspired rooftop terrace, an outdoor kitchen with grilling area and an oversized swimming pool with sun deck and several hot tubs, offering residents views overlooking Downtown Miami. Grand Station Apartments will also feature an upscale amenities deck with a variety of Class A finishes will feature a full-size state-of-the-art fitness center, wellness treatment and spa rooms with an indoor heated soaking pool, a computer and business center, and a clubroom, as well as an indoor/outdoor spa to unwind. The community will also include a concierge service, dog spa with pet station, bike storage and 24-hour package lockers.

Grand Station Apartments was designed by Miami-based Zyscovich Architects and Anillo, Toledo, Lopez LLC, The project will bring residents within proximity of Miami’s most important transit systems. Government Center’s Metrorail, Metromover and bus hubs, as well as MiamiCentral which features the tri-county rail service Brightline and will eventually include TriRail, are within a five-minute walk of the property.

“The delivery of this project next to the region’s most important transit centers is an indicator of the possibilities that exist to improve Miami’s urban core,” added Vadia. “It’s a convenient solution serving local office workers, Miami Dade College students and employees in the Health District, along with other members of our community. We look forward to showcasing Grand Station’s functional amenities and setting a new standard for transit oriented development.”