Commercial, Hotels, News, Sunny Isles Demetri Demascus Commercial, Hotels, News, Sunny Isles Demetri Demascus

Kobi Karp-Designed Residence Inn Miami Sunny Isles Beach Opens in Sunny Isles

Marriott has opened their new Residence Inn Miami Sunny Isles Beach at 17700 Collins Avenue. The Kobi Karp designed hotel rises 19-stories and features 194 studio suites targeted at business travelers. The project cost $65 million and is owned by Robert Finvarb Companies and operated by Marriott's Residence Inn brand.

Marriott has opened their new Residence Inn Miami Sunny Isles Beach at 17700 Collins Avenue. The Kobi Karp designed hotel rises 19-stories and features 194 studio suites targeted at business travelers. The project cost $65 million and is owned by Robert Finvarb Companies and operated by Marriott's Residence Inn brand. The hotel features 2 rooftop decks, a grocery delivery service, multiple conference rooms, pool, and Ocean View on Nine, the hotel's poolside restaurant. The hotel also is home to an extensive art collection curated by Dina Mitrani Gallery and showcases works by Vera Vladimirsky, Robert Braun, Peggy Levison Nolan, Andres Ferrandis, Yuri Tuma, and Rafael Blcazar. Other Residence Inn properties in the Miami area are located in South Beach and the nearby Surfside neighborhood.

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Commercial, Downtown, News, Transportation, PortMiami Demetri Demascus Commercial, Downtown, News, Transportation, PortMiami Demetri Demascus

The Broadway Malyan-Designed Cruise Ship Terminal For Royal Caribbean's Symphony of The Seas Is Taking Form In PortMiami

Royal Caribbean's new state-of-the-art cruise ship terminal for Symphony of the Seas, the world's largest cruise ship, is rising fast in PortMiami. Framing of the 170,000 SF, Broadway Malyan-design is already complete and the project is expected to be completed and operating by November 2018.

Royal Caribbean's new state-of-the-art cruise ship terminal for Symphony of the Seas, the world's largest cruise ship, is rising fast in PortMiami. Framing of the 170,000 SF, Broadway Malyan-design is already complete and the project is expected to be completed and operating by November 2018. In total Costs for the project are estimated to be in excess of $200 million. Royal Caribbean's Allure of the Seas, which has previously held the title of world's largest cruise ship, will also be based at the terminal.

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Robert Wennett Lists Skyhouse 11 Atop The Herzog & de Meuron-Designed 1111 Lincoln Road For $35 Million

Robert Wennett, the developer behind the Herzog & de Meuron-Designed 1111 Lincoln Road, has listed the penthouse atop the iconic parking garage for $34 million. The skyhome is really a hybrid of an massive high-rise condo blended with the space, privacy and livability of a single-family mansion.

Robert Wennett, the developer behind the Herzog & de Meuron-Designed 1111 Lincoln Road, has listed the penthouse atop the iconic parking garage for $34 million. The skyhome is really a hybrid of an massive high-rise condo blended with the space, privacy and livability of a single-family mansion. The skyhome features 7,700 SF of indoor space and an enormous 18,000 SF of outdoor space with landscape design by Raymond Jungles. The unit is spread over 7 bedrooms and 11 bathrooms and a guest house. Unique features include sliding Starphire glass walls throughout for immaculate views of South Beach, Biscayne Bay, Miami Beach and the Atlantic Ocean; 11' ceilings, white oak floors and ceilings, European mahogany elevator, skylights in every bathroom, and a library.The expansive outside space features landscaping and gardens taking the sloping design of the parking structure matched with Roberto Burle Marx-style pavement as well as a wet bar, summer kitchen and pool. 1111 Lincoln Road Skyhouse 11 is listed for $34 million with Jill Hertzberg and Jill Eber of The Jills at Coldwell Banker.

1111 Lincoln Road is an award-winning, mixed-use parking garage designed by Herzog & de Meuron in 2010, that has become an iconic part of Lincoln Road, Alton Road and South Beach. The 7 story, exposed concreted, mixed-use parking structure itself features 94,488 SF of office space, 51,839 SF of retail space, and a 300 parking spaces which can also be used as event space. Ground floor retail space has floor-to-ceiling glass storefronts with high ceilings along with another retail space located on level 5 that also features floor-to-ceiling glass to provide amazing views of the Miami skyline. Bayerische Versorgungskammer (BVK), a German investment fund, purchased the iconic, mixed-use parking garage and includes adjacent retail space at 1664 Lenox Avenue and 1666 Lenox Avenue from developer Robert Wennett for $283 million. BKV financed the purchase with a $66.85 million mortgage from Universal-Investment-Gesellschaft mBh. Wennett originally purchased the properties for $23.5 million in 2005 before undergoing heavy development. Wennett is planning a major redevelopment project in Allapattah. 

Photography by Luxhunters

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Brickell, Construction Update, News, Sales Update Demetri Demascus Brickell, Construction Update, News, Sales Update Demetri Demascus

Construction Update: Ugo Colombo's Brickell Flatiron Releases New Drone Video As Vertical Rise Reaches 17th Floor

Construction on Ugo Colombo’s Brickell Flatiron tower is moving well ahead of schedule as Moss construction crews have surpassed the building’s 17th floor pedestal. Construction is expected to continue to move at a rate of one full floor level completed ever week until top-off in December of 2018.

Construction on Ugo Colombo’s Brickell Flatiron tower is moving well ahead of schedule as Moss construction crews have surpassed the building’s 17th floor pedestal. Construction is expected to continue to move at a rate of one full floor level completed ever week until top-off in December of 2018. As of December 1, 2017, more than 70% of the project's 549 units have been sold and are currently under hard contract, with the building’s total sales volume in excess of $300 million. Delivery of Brickell Flatiron is expected in mid-2019. In April 2017, CMC Group successfully closed on a $236 million construction loan from Bank of the Ozarks and RFR Realty.

Brickell Flatiron is a 64-story, 549-unit luxury condominium tower from famed Miami developer Ugo Colombo and his CMC Group. It will be among the tallest residential towers in the United States when completed, rising 736'. The tower was designed by Luis Revuelta with an iconic flatiron shape with interiors by  Massimo Iosa Ghini of Italy’s Iosa Ghini Associati. Units range from 1 to 5 bedrooms starting at $500,000 and ranging up to $15.5 million for penthouses. All units will be adorned with the finest finishes, including Italian-made custom cabinets, stainless steel appliances, Italian marble floors, high ceilings with recessed lighting, custom Italian doors, energy-efficient windows, and glass balcony railings. Brickell Flatiron's amenities include an 18th floor amenity deck with a resort style pool, 24-hour concierge, billiard and cigar room, wine cellar, valet, electric car charging stations and a 64th-floor rooftop that will feature a Sky Spa, Sky Pool and Sky Gym along with stunning 360 views of Biscayne Bay, Brickell, Downtown Miami, Coral Gables, etc. 

Check-Out The Video Tour Below:

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Design District, Education, News, Commercial Demetri Demascus Design District, Education, News, Commercial Demetri Demascus

Renowned International Italian Fashion School, Istituto Marangoni, To Open First U.S. Campus In Miami Design District

Istituto Marangoni, the leading Italian fashion, art and design school, has announced their expansion into the Americas with the opening of their first school in the United States in Miami Design District. The campus will be their the 10th worldwide since Istituto Marangoni was founded in 1935 in Milan.

Istituto Marangoni, the leading Italian fashion, art and design school, has announced their expansion into the Americas with the opening of their first school in the United States in Miami Design District. The campus will be their the 10th worldwide since Istituto Marangoni was founded in 1935 in Milan. Since then the school has more than 80 years of history and success in training the top professionals of Fashion and Design. The institution consistently plays a key role in shaping global fashion trends and holds the merit of creating some of the biggest names in the industry, including Domenico Dolce, Franco Moschino, Alessandro Sartori (Zegna Group Creative Director), Paula Cademartori, Julie de Libran (Artistic Director of Sonia Rykiel), Rocco Iannone (Creative Director of Pal Zileri), Maurizio Pecoraro brand owner and Istituto Marangoni’s International Fashion Chair), amongst others. Istituto Marangoni currently educates 4,000 students per year from 107 countries at its schools, located in Milano (the School of Fashion and the School of Design), Firenze (School of Fashion & Art), Paris, London, Shanghai, Shenzhen, Mumbai and Miami., the international capitals of fashion, design and luxury. The prestigious school will now deliver the brand’s proven and unparalleled education model to top students throughout the US and Latin America through their Miami Design District location. 

“Bringing Istituto Marangoni to the Americas satisfies a long-term vision to support and develop youth interested in fashion and design from all over the word,” said Roberto Riccio, Group Managing Director of Istituto Marangoni. “We are thrilled by the opportunity to give emerging talent in the Americas a platform to hone their skills and realize their true potential in the industry.” 

The school, which offers Associates, BA and Masters Programs, will be anchored by values that were ‘Made in Italy’ but will also blend with the city’s unique cultural elements, such as the local emphasis on sustainability and innovation. This includes integrating forward-thinking and sustainable practices into the course programming and looking at Miami’s commitment to resilience to shape the overall DNA of the campus. Istituto Marangoni will also uphold the brand’s own international imprint of ‘Italianness,’ which seeks to contextualize theoretical teachings in a way that promotes creative platforms and potential opportunities for students and alumni. The concept will be brand new for the US and will reinvent the fashion industry of Miami. Hakan Baykam, president of the new School, has identified the unique opportunity in Miami to pioneer a new fashion hub.

“We were looking to create a new global fashion destination and selected Miami for its existing international allure and for its need for a firmly established fashion school. The city’s rapid growth in the design and art categories coupled with its accessibility to Latin America made it the perfect choice for us,” said Baykam. “Miami already has the groundwork for success, and we feel that a brand of Istituto Marangoni’s caliber will take the city to the next level. This new campus is just the first step to developing a fashion hub that will be taken seriously around the world.”

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Edgewater, News, Construction Update, Sales Update Demetri Demascus Edgewater, News, Construction Update, Sales Update Demetri Demascus

Melo Group's 90% Sold Aria On The Bay Races Toward Completion, Will Deliver In 90 Days

Melo Group's Edgewater/ Downtown luxury residential project Aria on the Bay is fast-approaching completion as the 53-story waterfront tower is set to deliver within the next 90 days and has reached the 90% sold mark. The news follows the sellout of all four of the building’s triplex penthouse residences

Melo Group's Edgewater/ Downtown luxury residential project Aria on the Bay is fast-approaching completion as the 53-story waterfront tower is set to deliver within the next 90 days and has reached the 90% sold mark. The news follows the sellout of all four of the building’s triplex penthouse residences, one of which sold earlier this year to baseball star Giancarlo Stanton of the Miami Marlins. Aria on the Bay’s sold-out collection of triplex penthouses, which captured prices from $1.8 to over $6 million, span the building’s top three stories and feature interior living areas measuring from 2,600 to 4,800 SF. The expansive residences offer secluded rooftop terraces with private pools, open-air summer kitchens and 12'-deep wraparound balconies that provide up to 3,000 SF of additional outdoor living space. Features include two private elevators, 10'-high floor-to-ceiling glass windows and doors, designer finishes and fixtures, and up to three garage-secured parking spaces. Remaining residences currently available for sale include a range of 1- to 4-bedroom condos priced from the $400,000s up to $1.8 million. The Arquitectonica-designed tower features 648 condominium residences and topped out in May 2017 at 53-stories. The tower is located on prime bayfront at 1770 N. Bayshore Drive that will provide residences with unobstructed views of Biscayne Bay, Miami Beach and the city skyline. Amenities include a 14th floor resort amenity deck with two sunrise/sunset-facing swimming pools, a jacuzzi, custom-seated fire pits, barbecue grills and outdoor summer kitchens, a private spa with massage treatment rooms, a state-of-the-art fitness center, yoga studio, indoor/outdoor bar and entertainment lounge, theater-style screening room, game room and library, teen lounge and kid’s playroom, and a business center with offices and meeting facilities. The project also offers 10,000 SF of available commercial space on the lower floors, including office, retail and restaurant space at the ground level.

“We’re very pleased that our most exclusive penthouses have sold out as we enter the final phase of development,” said Carlos Melo, principal of the Melo Group. “With construction set for completion within the next 90 days, we anticipate we’ll be able to welcome our first residents by early next year.”

“Even though we’re getting close to our sellout in the months ahead, we still have some great units available for sale,” said Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project’s exclusive sales and marketing brokerage. “With an unbeatable waterfront location in a walkable, family-friendly neighborhood surrounded by world-class cultural attractions, this is luxury at its finest. Aria on the Bay is one of the best value-buys in all of Miami.”

Check out our PROFILE Exclusive Interview about how the Melo Group took Edgewater real estate to the next level with Aria on the Bay.

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Edgewater, Hotels, News, Commercial Demetri Demascus Edgewater, Hotels, News, Commercial Demetri Demascus

53-Story Kobi Karp-Designed Hotel & Residences Proposed In Edgewater's Biscayne Corridor

The Downtown Miami and Edgewater transformation is showing no signs of slowing down or stopping as the downtown area of Miami is fast becoming a world-class metropolis city center. To further enhance the area, a new 53-story hotel and residences has been proposed on the Biscayne Corridor at the vacant lot between NE 17th Terrace and NE 18th Street

The Downtown Miami and Edgewater transformation is showing no signs of slowing down or stopping as the downtown area of Miami is fast becoming a world-class metropolis city center. To further enhance the area, a new 53-story hotel and residences has been proposed on the Biscayne Corridor at the vacant lot between NE 17th Terrace and NE 18th Street at 1775 Biscayne Boulevard. The location is across from Publix and behind Melo Group's new Aria On The Bay as well as Quantum On The Bay, 1800 Club and Opera. The proposed tower, which is being developed by V Downtown Inc., will rise 633' with 1.22 million SF of total developed, mixed-use space. The Kobi Karp-designed tower will feature 444 residential units, 200 hotel rooms, 45,600 SF of retail and restaurant space, 64,800 SF of office space, 546 parking spaces and storage for 39 bicycles. The hotel lobby will be located on the 9th floor along with a restaurant and amenity deck. There will also be a private rooftop amenity deck for the residential units. The developers are in need of 6 waivers for the tower to be approved including a 30% parking reduction, a residential floor plate increase, driveway width reduction and an increase in lot coverage from 80% to 88%. The proposal will be reviewed by Miami's Urban Development Review Board today (November 29, 2017).

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Commercial, Fort Lauderdale, Hotels, News Demetri Demascus Commercial, Fort Lauderdale, Hotels, News Demetri Demascus

Check-Out The Newly Opened Conrad Fort Lauderdale Beach, Ribbon Cutting Ceremony Planned For December 14

Tour the new, nautical-themed Conrad Fort Lauderdale Beach, which opened October 10, 2017, further cementing Fort Lauderdale Beach as a luxury area on the rise. The luxurious property, which features 290 suites located at 551 N. Fort Lauderdale Beach Blvd, will officially open with a ribbon cutting ceremony on December 14, 2017.

Tour the new, nautical-themed Conrad Fort Lauderdale Beach, which opened October 10, 2017, further cementing Fort Lauderdale Beach as a luxury area on the rise. The luxurious property, which features 290 suites located at 551 N. Fort Lauderdale Beach Blvd, will officially open with a ribbon cutting ceremony on December 14, 2017. Units at Conrad Fort Lauderdale Beach range from studio, 1, 2, and 3-bedroom layouts with 3 additional penthouse units. Units feature galley kitchens, touch screen stove tops and bathrooms that come complete with marble soaking tubs and rainfall showers. Nightly rates start around $330 with an additional daily resort fee of $35 per room per night that includes internet, 2 beach chairs and umbrella, 2-hours of bike rental time, and discounts at the spa. The property will also feature a 4,000 SF full-service spa and fitness center, a 6th floor Sky Deck with a heated freshwater pool, 10,000 SF of meeting space, and 4 restaurant and bar options including Terra Mare, a modern American kitchen with locally sourced ingredients led by chef Johan Svensson. As Conrad Fort Lauderdale Beach is a condo-hotel in which individuals can purchase suites as private residences, Conrad Hotels offers a hotel program that will manage the privately owned units when the owner is out of town. 

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Downtown, News Demetri Demascus Downtown, News Demetri Demascus

Heart Nightclub Sues City of Miami & Its Residents Over Enforcement of Noise Ordinance

Tensions are rising in the Park West neighborhood as Heart Nightclub has sued the City of Miami and its residents over conspiring to shut down the entertainment district. For years residents at some of Downtown Miami's most luxurious buildings including Marquis, Ten Museum Park, and 900 Biscayne have complained about noise from the 24-7 nightclubs

Tensions are rising in the Park West neighborhood as Heart Nightclub has sued the City of Miami and its residents over conspiring to shut down the entertainment district. For years residents at some of Downtown Miami's most luxurious buildings including Marquis, Ten Museum Park, and 900 Biscayne have complained about noise from the 24-7 nightclubs located behind. Heart, Club Space, The Hanger and E11even, amongst others, have drawn late night crowds to the area for years. The city began enforcing citations over Memorial Day Weekend of this year and the clubs have since made efforts to reduce noise. Despite that, the area, which was once a desolate filled with homeless, crime and empty lots has transformed into the premier neighborhood in downtown. The ultra-luxurious One Thousand Museum will open next year, followed by PARAMOUNT Miami Worldcenter. On the other flank, MiamiCentral will bring a major transport hub with retail and dining. Residential populations, prices, and retail locations are all rising fast and residents feel that 24-7 clubs can at times be way to loud. The newer construction E11even, which is one of Miami's most popular hotspots, suppresses the noise extremely well but Heart and Club Space can become extremely loud at times as late as 6:30 am including a rooftop terrace which residents want enclosed; Heart estimates the cost would be over $1 million.  

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Brickell, Commercial, News, Office Space, Retail Demetri Demascus Brickell, Commercial, News, Office Space, Retail Demetri Demascus

Swire Announces Brickell City Centre Office Space is 100% Leased

Swire has announced that Brickell City Centre's 260,000 SF of office space at Two and Three Brickell City Centre is now 100% leased. Each office tower rises 12 floors and was designed by Arquitectonica. The final two leases signed were by KPMG for 16,926 SF, which equates to a full floor, and Interaudi Bank, who leased 10,700 SF.

Swire has announced that Brickell City Centre's 260,000 SF of office space at Two and Three Brickell City Centre is now 100% leased. Each office tower rises 12 floors and was designed by Arquitectonica. The final two leases signed were by KPMG for 16,926 SF, which equates to a full floor, and Interaudi Bank, who leased 10,700 SF. With the office space 100% leased, Brickell City Centre can now focus on their retail offerings, which are 88% leased, and their residential condos, which are 72% sold. Swire will also embark on One Brickell City Centre which will be an 80-story tower with office space. 

“Completely leasing Brickell City Centre’s office space marks a celebratory milestone for Swire and we are honored to welcome financial institutions like Interaudi Bank and KPMG to Brickell City Centre,” said Kieran Bowers, president of Swire Properties Inc. “More importantly, the presence of these celebrated companies at the Centre is a further endorsement of Brickell’s status as a true international hub for business and its continued transformation into a destination to live, work and play.”

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