Check-Out Some of The Ridiculous Amenities at The Ritz-Carlton Residences, Miami Beach Which Includes A Marine Helipad

As The Ritz-Carlton Residences, Miami Beach nears completion their over the top amenities continue to make waves. Last month they announced that the luxury residential development would feature a marine helipad in partnership with iLand Miami and Miami Executive Helicopters. The helipad will give residents the ability to bypass traffic as well as direct access for owners who arrive by private jet to avoid needing to be picked up by car. The development also features a "day yacht" which will provide direct access to the marine helipad as well other locations on Miami Beach. Another unique amenity will be an art studio will be equipped with easels, a stone surface for sculpting, a sink, and a library filled with art books for inspiration; as well as programming in the studio which includes private and group classes, art talks and trips, and onsite exhibits of residents’ work. Amenities include 2, 24-hour attended lobbies, 24-hour valet parking services, a waterfront social room with bar and catering kitchen, and on-site private car to chauffer residents to surrounding destinations, a world-class pool and amenities deck with spacious cabanas and poolside grille, lush meditation garden, deeded boat slips on a private waterway, club room with a pool table and virtual golf, full-service spa, state-of-the-art fitness center, a first-of-its-kind art studio and a fully equipped kid's room. The Ritz-Carlton Residences, Miami Beach will also feature a "sharing room" in which residents will drop off items they no longer want like a purse or paddle board and another resident could exchange another "donation" or "shared item" to the "sharing room." All inventory is logged in a mobile app and donated to charities after 60 days. 

“The Sharing Room will be set up like a small, curated shop, where goods will be displayed with like items so residents can browse easily,” Sarah Currie-Halpern said in a statement. Halpern is the founder/partner of Think Zero and former advisor to NYC Mayor’s Office of Sustainability, who worked with founding partner of Lionheart Capital Ricardo Dunin to dream up the concept for the Ritz-Carlton. “The Sharing Room has a threefold benefit: social, economic and environmental. I call it inspired sustainable consumption for luxury living,” Halpern said.

The Ritz-Carlton Residences, Miami Beach is being developed by 4701 North Meridian, LLC, a partnership comprising of Lionheart Capital and Elliott Management Corporation. Lionheart Capital is a Miami-based real estate investment firm engaged in the investment, development and repositioning of Miami new construction and existing commercial, hospitality and residential assets. The Ritz-Carlton Residences, Miami Beach features 111 ultra-luxurious condominium residences that come in 1, 2, 3, 4 and 5-bedroom layouts and range from 1,700 SF to more than 10,000 SF; additionally, there are 15 private single-family villas. The project was designed by Italian architect Piero Lissoni, his first full-scale project in the United States, and sits on over 7.5 acres along 4701 Meridian Avenue. Ritz-Carlton Residences, Miami Beach is expected to be completed with-in months (Q1 2018).

Closings Begin At Privé at Island Estates In Aventura Despite Pending Litigation

Privé at Island Estates in Aventura has begun closings despite pending litigation. The luxury condo project has seen it all from a court ruling that a sidewalk built through homeowners properties as an easement was illegal to Dara Clarke, a resident whose property was used possibly used for the sidewalk, staging a sit-in that ended up in her and her husband driving a Porsche and BMW through freshly poured concrete and the couple ending up in jail. Privé at Island Estates is nearly 80% sold and has received a temporary certificate of approval (TCO) for the first tower with the second tower expected to receive its TCO soon. The towers first topped off in the fall of 2016. Privé at Island Estates features 160 luxury condo units with a total sellout of about $500 million. Pricing starts at $2.1 million and 2,585 SF. 

Privé at Island Estates is being developed by Gary Cohen and BH3. The 16-story, 2 tower project was designed by Sieger Suarez Architects with interiors by Steven G.The development offers five-star resort-style amenities with 70,000 SF of public space, including a 10,000 SF gym and spa in each tower, a full-circuit running path tracing the shoreline of the island, outdoor summer kitchens and dining terraces, a private jetty, 2 expansive lap pools, a poolside café, wine and cigar rooms, a tennis court, multiple pools, jacuzzis, and a private marina; all located on an 8 acre island.

Miami Worldcenter Releases New Renderings As Developers Seek To Modify Block D

Just days after PROFILEmiami reported that Miami Worldcenter Associates have closed on a $43 million construction loan for the retail component of the $2 billion Miami Worldcenter mixed-use mega-project in the Park West neighborhood of Downtown Miami, the developers have applied for permission to modify their design for Block D. Block D is currently under construction and the proposed changes includes the exterior finishes and façades including artwork by Franz Ackermann and integrated projected panel and fin systems. Ackermann will maintain the art for 5 years. Miami's Urban Development Review Board (UDRB) will review the proposal on January 17. Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, are developing Miami Worldcenter in partnership with Taubman Centers, The Forbes Company, and MDM Group. The master plan was designed by Elkus Manfredi Architects and the project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo as well as a 45-story office tower being developed by Hines.

Mast Capital Submits Proposal To Bring 688-Unit Apartment Complex To Miami River

Mast Capital has submitted a proposal to build a 688-unit apartment complex along the Miami River. The project is proposed to be built on a 6.31 acre site located at 1001 NW 7th Street which Mast Capital is currently under contract to buy. The project would rise 8-stories and in addition to the apartment units would also feature 780 parking spaces and 2,795 SF of retail. Mast Capital is requesting a 30% reduction in parking. The building is being designed by Corwil Architects and construction would take place in 2 phases. The proposal is scheduled to be reviewed by Miami's Urban Development Review Board (UDRB) on January 17, 2018 and was approved in December by the Miami River Commission. 

A New Hotel Dubbed Bohemian House Has Been Proposed On Washington Avenue In South Beach

A new 5-story hotel has been proposed on Washington Avenue in South Beach and will be reviewed by Miami Beach's Historic Preservation Board on January 9. The hotel will be developed by Acastar Miami, LLC., led by Genaro Enrique Gallo and the site is located at 1409-1413 Washington Avenue. The hotel has been dubbed Bohemian House and would blend both old and new via the renovation of the existing historic structure as well as the addition of a new 5-story modern structure. Bohemian House would bring 50 hotel rooms that average 245 SF to Washington Avenue along with retail and parking. 

NP International Secures $158.4 Million In Construction Financing & Gears Up To Break Ground on Gables Station

NP International has locked down a $158.4 million construction loan and are gearing up to break ground on Gables Station, a transit-oriented mixed-use project with 120,000 SF of retail space, 500 residential units and 66 hotel units. Developer Brent Reynolds plans to break ground before the end of Q1 2018. The financing was provided by Bank of the Ozarks and comes on the heels of Life Time Fitness signing a lease for 90K SF of retail space at Gables Station. NP International will also provide funding to develop a portion of the proposed Underline Park. NP International acquired the land adjacent to Merrick Park and Miami's Metrorail in Coral Gables at 251 South Dixie Highway in 2016 for $60 million. Construction is expected to be completed by Q3 2020. 

The Markers Grove Isle Given The Green Light To Move Ahead With Development On Grove Isle

Afters nearly 5 years of litigation, The Markers Grove Isle, located on Coconut Grove's Grove Isle, has reportedly received the green light to move ahead with sales. No construction permits have been issued at this time as the anti-development movement against the project has not backed down. In 2013 an investor group led by Eduardo Avila, Grove Isle Associates, LLC., purchased 7 bayfront acres on Grove Island and announced the luxury condo project which was met with pushback by a selection of Grove Isle residents. After scoring a legal victory, the developers can now bring their 65-unit The Markers Grove Isle luxury condo project to the exclusive island. The Markers Grove Isle is designed by CallisonRTKL with interiors by Bernardi and Peschard and landscape architecture by EDSA. Located at 4 Grove Isle Drive, Coconut Grove, the project will rise 7-stories and will wrap around the northern corner of the island providing residents with panoramic bay views. Units come in 3 and 4 bedroom floorplans with 14 two-floor penthouses. Residences will feature 11'- 12' 6" ceilings with floor-to-ceiling glass; oversized balconies with 15'+ depths and summer kitchens; large modern kitchens with island, Boffi cabinetry, wine storage, and Wolf and SubZero appliances; and, luxurious bathrooms with natural stone walls and countertops, as well as spa tubs and rain showers. Penthouse units will feature private elevators and roof decks complete with private pools. Amenities include a curated art lobby, business center, a waterfront residents’ lounge, state-of-the-art fitness center, private waterfront pool and jacuzzi featuring luxury cabanas as well as pool attendants for food and beverage services, watersports pavilion offering kayaks and paddle boards, a 40' Fjord boat exclusively for resident-use, multi-purpose event room, children's playground, 24-hour valet and concierge services, pet services and grooming, watersports equipment and gear storage, and bicycle storage. Residents will also receive membership to the exclusive Grove Isle Club. Pre-sales have officially been launched with 3 units already under contract. Pricing for 3-bedroom residences start at $2.2 million and 3-bedroom penthouse residences begin at $5.9 Million.

Miami Worldcenter Locks Down $43 Million Construction Loan For Retail Component

Miami Worldcenter Associates led by Art Falcone and Nitin Motwani have just closed on a $43 million construction loan for the retail component of the $2 billion Miami Worldcenter mixed-use mega-project in the Park West neighborhood of Downtown Miami. The loan was financed by Fifth Third Bank and brings the current total financing for the project to roughly $500 million including a $33 million loan from Bank of the Ozarks in October and the issuance of $74 million of private placement bonds issued by the community development district to fund infrastructure upgrades. The $43 million loan by Fifth Third Bank will be used for the development of 53,000 SF of retail space as well as a 1,100-space parking garage on NE 2nd Avenue between 8th and 10th streets. The total retail component will features 360,000 SF of high-street retail which Miami Worldcenter Associates, Taubman Centers and The Forbes Company are currently leasing. Miami Worldcenter is being developed by Miami Worldcenter Associates, Taubman Centers, The Forbes Company, and MDM Group with the master plan designed by Elkus Manfredi Architects. The project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, in addition to a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo as well as a 45-story office tower being developed by Hines.  

Brightline To Begin Passenger Rail Service Between West Palm Beach And Fort Lauderdale January 8th

Brightline will be launching South Florida into the future in early 2018 as they have announced that they will begin their inaugural rail service between West Palm Beach and Fort Lauderdale the week of January 8, 2018. For the past several months they have made progress toward operational readiness by training employees and test equipment. Simultaneously work on the track between Miami and Fort Lauderdale is wrapping up and is expected to launch in Q1 2018. In December the Brightline locked down final approvals for Phase 2 from the U.S. DOT to begin construction to Orlando in 2018. Brightline also closed on the sale of $600 million in Private Activity Bonds to finance the Phase 1. Brightline has also received approval to sell an additional $1.15 billion in PAB Bonds for Phase 2. Brightline is reportedly also considering alternative financing including a Railroad Rehabilitation and Improvement Financing loan. When completed the Brightline will set the new benchmark for travel by train in America with express inter-city passenger rail service connecting Miami, Fort Lauderdale and West Palm Beach, with future service to Orlando. Providing a travel option that lives at the intersection of transportation and hospitality, the service is expected to reduce traffic and provide South Floridians with a simple and intuitive experience from door to destination, and foster new opportunities to explore more of Southeast Florida. Brightline will be the only privately owned, operated and maintained passenger rail system in the United States. 

Check-Out The New Gucci Flagship Boutique Now Open In Miami Design District

During Art Basel PROFILEmiami got an exclusive first look at Miami's newest Gucci store which opened last month in the fast growing, fashion hotspot Miami Design District. The MDD location will become Gucci's Miami flagship and will also feature the full Gucci Décor collection available for sale. The store is located at 139 NE 41st Street and serves as a gateway to MDD's new Paradise Plaza. The two-floor boutique covers 4,700 SF and reflects Gucci's new design concept by Creative Director Alessandro Michele including a marble encased exterior façade complete with pistachio-green-washed industrial metal rivet accents, paying homage to classic Gucci design. Adjacent is a custom Coco Capitán mural painted exclusively for Gucci's MDD location which also is featured on a two piece collaboration consisting of a drawstring backpack and belt bag that are exclusively available at the MDD boutique. Inside, a red velvet wrapped, lacquered wood staircase has already become an Instagram icon along with European White Oak floors, marble polychrome inlay carpets, varnished iron wall finishes, and Gucci Décor accents including velvet armchairs and couches. Upstairs features a custom VIP lounge complete with pink fabric walls and a marble mosaic floor which houses limited edition and exclusive pieces available for purchase. The Gucci boutique at MDD is currently showcasing the complete collection of men’s and women’s ready-to-wear, handbags, shoes, jewelry, and accessories for Fall Winter 2017, Cruise 2018, as well as Gucci Décor.