Two Roads Development Hosts "Meet-and-Greet" With Jean-Louis Deniot at Elysee Miami

Miami’s top brokers gathered at the Elysee Miami Sales Gallery in East Edgewater for an intimate cocktail ‘Meet-and-Greet’ reception celebrating the luxury project’s world-renowned designer Jean-Louis Deniot hosted by Two Roads Development. Over the last decade, the Parisian interior design architect has secured himself at the forefront of the international design scene. Now, he’s bringing a slice of the French Mediterranean to Miami at Two Roads Development’s Elysee tower for his first stand-alone condo design project in the U.S., now under construction along the shores of Biscayne Bay.

Elysee is located at 700 Northeast 23rd Street in Miami's Edgewater neighborhood. The tower will rise 57-stories and was designed by architect Bernardo Fort-Brescia of Arquitectonica. Elysee will feature 100 half-floor and full-floor residences priced from $1.5 million to $14 million. The tower will feature 3-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. Luxury residences at Elysee will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10' to 12' ceilings, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with 180-degree sunrise and sunset views. Interiors were designed by Paris-based interior architect and designer Jean-Louis Deniot. The 7th floor will feature an amenity deck which will include a resort-sized lap pool with a poolside refreshment bar, outdoor summer kitchen and barbecue terrace; waterfront fitness center and yoga studio; spa facilities with private sauna, steam and massage rooms; children’s lounge; and a blow-dry bar. The 30th-floor will feature an Owners Sky Lounge with Grand Salon lounge area and full bar; a Grand Dining Room with seating for up to 30 guests; a professional-grade chef’s kitchen and chef’s table; and a library/private theater, game room, and wine room. Cervera Real Estate is the exclusive sales team for Elysee. Delivery is expected for 2019. 

Check out PROFILEmiami's coverage of the December 2017 groundbreaking of Elysee

Photos via World Red Eye

Check Out 3621 South Ocean, The New Beachfront Townhomes Coming To Highland Beach

The currently under construction 3621 South Ocean is bringing "seamless beach to home" luxury living to 200' of beachfront in Highland Beach. The project is a joint venture between Grafton Street Capital, Capital Development Group International, and Halstatt Real Estate Partners. 3621 South Ocean consists of 6 townhomes which rise 4-stories spanning 5 bedrooms, 6.5 bathrooms and 5,436 SF. The luxurious residences come complete with a second floor logia with plunge pool with direct ocean exposure perfect for entertaining. Other features include an elevator, 2-story living room, third-floor master suite, 10'-11' ceilings, 2-car garage, kitchen with Miele appliances, marble floors and a 250 SF rooftop entertainment deck. Pricing starts at $6.8 million with 2 of the units already reportedly sold. Sales and marketing being exclusively handled by Ashley McIntosh and Chris Leavitt of The Leavitt McIntosh Team at Douglas Elliman. Completion is expected for this spring (2018).

Healthy Sales Reported at Akoya Boca West, Bringing Modern Luxury Living to Boca West Country Club

Healthy sales have been reported at Akoya Boca West, which is expected to be completed this fall (2018). In phase one, 70% percent tower one residences are sold, 50% of its tower two residences are sold and only one penthouse remains. Akoya Boca West, being developed by Siemen's Group, is bringing modern, luxury waterfront condo living to Boca Raton at Boca West Country Club. The project rises 10-stories and features 139 luxury condo residences which range from 2 to 5 bedroom floor plans. The contemporary units feature flow-through layouts with open living areas, golf course views, kitchens with Italian cabinetry and Wolf and Sub-Zero appliances. Amenities include a glass-framed porte cochere, residents lounges, outdoor lounge, 24-hour security, and pool. Akoya Boca West requires at least the social membership, granting access to Boca West Country Club fitness center, spa, aquatics center, 31-court tennis center, pool and sundecks, events and 6 restaurants. Upgraded golf memberships include unlimited access to 4 championship golf courses designed by Pete Dye, Arnold Palmer and Jim Fazio. Pricing at Akoya Boca West begins around $900,000 and sales and marketing are being exclusively handled by Douglas Elliman.

“A lot of people find the ocean and the water to be very relaxing. But looking out at the green, when you see the people in their carts or hitting golf balls, it’s very relaxing,” said Rob Siemens, Marketing Director for Akoya Boca Wests. "It’s an upscale, modern building and we have all the amenities of the club: the golf courses, fitness center, spa, restaurants. You basically don’t have to leave Boca West. The only thing you have to leave for is to get milk. Everything else is here.”

13th Floor Investments Submits Plans for Paseo Miami on Biscayne Boulevard in MiMo

Boulevard 57 may be dead but 13th Floor Investments has just submitted plans for Paseo Miami on the former Boulevard 57 site located located at 5700 Biscayne Boulevard. The project will rise 8-stories and feature 294 residential units, 26, 659 SF of commercial space, and 517 parking spaces. The proposal has currently been submitted to Miami’s Urban Development Review Board and is scheduled for review on February 21. 

One Thousand Museum by Zaha Hadid Architects Tops Off & Releases New Renderings of Amenity Spaces

Developers Louis Birdman, Gregg Covin, Kevin Venger and Regalia Group along with New York-based Plaza Construction, have announced that the highly anticipated One Thousand Museum by Zaha Hadid Architects has topped off. The 62-story tower with 83 half- and full-floor residences marks the late Pritzker Prize winner Hadid's first and final residential skyscraper in the Western Hemisphere. This milestone is paired with a rendering release of the amenity spaces, revealing new architectural details and further insight into Zaha Hadid’s vision. The project is on track for an early completion in late 2018. 
 
“We’re now one step closer to revealing Zaha Hadid’s forward-thinking design,” says Louis Birdman, one of the co-developers on the project. “Even in its current state, the building already stands out as the most iconic architectural work on Miami’s skyline. We’re excited to have developed something so unique and special for Miami.”

The new renderings of One Thousand Museum showcase the project’s Sky Lounge as well as the double-height Aquatic Center with indoor pool located at the top of the tower. New renderings also show the Lifestyle Center and Spa, which overlooks the tower’s Sun and Swim Terrace level. Additional amenities include a private on-premise, bank-quality vault, multimedia theater and private dining room. The building will also offer a most unique asset, a private helipad, available for residents on-demand to take them to nearby destinations, which is currently the only planned helipad on a private residential skyscraper in all of Florida. Interior construction has already started for the amenity spaces, also designed by Zaha Hadid Architects. 
 
“This is a project that will not only enhance Miami’s skyline, but also redefine the standard of luxury for residential projects,” said Brad Meltzer, President of Plaza. “We do not shy away from challenging projects, as such we were immediately interested when we saw the overall complexity of the job. To date, the project team has faced some major tests, but the project has remained on schedule and we’re looking forward to the successful completion.” 

Check-out our PROFILE Exclusive interview with developer Louis Birdman for an inside look at bringing the futuristic tower to fruition

Tour the uber-luxe model residence designed by Artefacto

Check-out PROFILEmiami's latest Construction Update with HD drone imagery from January 27, 2018

Renderings by ARX Solutions 

The Revuelta Architecture-Designed Bijou Bay Harbor Now 75% Sold Out

Bijou Bay Harbor has announced that the 41-residence boutique condo development is now 75% sold. Recent buyers are reportedly coming from the United States, particularly South Florida and other large U.S. metro areas. Bijou Bay Harbor is being developed by Ability by Acierto and is located at 9521 East Bay Harbor Drive. The boutique development combines sleek, contemporary architecture by Revuelta Architecture International and Adriana Hoyos’ bold interior designs. Residences range from 1 bedroom spread over 900 SF to 3 bedrooms spread over 2,100 SF and offer comfortable luxury with open and light layouts, distinctive finishes, top-of-the-line fixtures and a smart sense of design. Pricing ranges between $720,900-$1,889,900 with Pordes Residential as the exclusive sales and marketing firm for the project. The project broke ground last year (2017) and is expected to be completed by the second quarter of 2019.

“The demand for residences at Bijou Bay Harbor has been outstanding due to the project’s unique offerings,” said Adam Kaufman, Vice President of Sales and Operations for Pordes Residential. “Our buyers are looking for the best South Florida has to offer, and they are finding that at Bijou, which combines a premier location with top-of-the-line amenities and community features.”

“Bijou is designed with the end user in mind, and we are seeing the market respond with resounding approval,” said Robert Morales, Vice President of Operations at Ability by Acierto. “We are looking forward to completing construction later this year and delivering a top quality product to our buyers.”

R&B Realty's The Gateway at Wynwood Launches Office Space Leasing, Gears Up To Break Ground

The New York-based R&B Realty has officially launched leasing at The Gateway at Wynwood, their new Class-A office building which is based at the intersection of Wynwood, Midtown and Miami Design District. Located at 2916 North Miami Avenue, the project is expected to become the first office building in Wynwood which has the capabilities of accommodating a major Class A tenant of scale. The Miami Urban Design Review Board issued a favorable recommendation following an October 2016 decision by the Miami Planning and Zoning Board granting R&B Realty's request to switch the property from multifamily to general commercial zoning in march 2017. The Gateway at Wynwood will feature over 420,000 SF of spacing including 200,000 SF of leasable Class A Office Space, 25,000 SF flexible floor plates, an on-site parking garage, floor-to-ceiling glass windows, a private rooftop terrace, around-the-clock security, and 25,000 SF of prime street-level retail space. Site preparations have begun, financing is secured, and groundbreaking will take place in the next 3 months as R&B Realty is set to begin construction "on spec." R&B Realty is looking to take advantage of strong demand and limited inventory of office space over the past five years where Wynwood has seen average office rents rise from $22.70 to more than $40.00 per square-foot as vacancy rates have fallen to 6.7%. Leasing is being overseen by Stephen Rutchik of Colliers EVP. The Gateway at Wynwood is expected to be completed in 2019.

“Artsy, accessible and efficient, The Gateway at Wynwood is the office address of choice for both creative directors looking for a hip, trendy location – and CFOs focused on the bottom line,” said Aron Rosenberg, chairman of New York-based R&B Realty. “Our team is confident in the Miami market, and we’ve encountered significant pre-leasing demand among tenants eyeing a move into Wynwood who view our building as the only option for true Class-A users, leading us to begin development ‘on spec.’”

“As Miami becomes more urban and new commercial districts emerge, office users of all sizes are seeking out space in well-located neighborhoods with strong quality of life offerings, like Wynwood and Midtown,” says Stephen Rutchik, executive vice president with Colliers International. “Capable of accommodating major global brands and entrepreneurial firms alike, The Gateway at Wynwood is the only true Class-A building under development in one of Miami’s fastest-growing submarkets.”

Marriott to Reopen 1940's Art Deco-Inspired Cadillac Hotel & Beach Club, Autograph Collection This April

Inspired by European service, Marriott's new Cadillac Hotel & Beach Club, Autograph Collection will open in April after undergoing a multi-million dollar renovation (2018). Cadillac Hotel & Beach Club, Autograph Collection defines a new kind of Miami Beach experience while paying homage to Miami's 1940's art deco. Located at 3925 Collins Avenue, Miami Beach, the building was first designed by Roy France, renowned for his art deco work, and built in 1940. Interior design firm Bill Rooney Studio oversaw the redesign, preserving some of the hotel's classic features such as the original terrazzo floors in the lobby. The hotel will offer 357 hotel rooms, meeting space, event space and 2 pools, one for adults and one for families. Marriott is currently accepting reservations with standard rates starting from around $280 per night for a city view king standard guest room. 

Miami Ranks As The Top U.S. Real Estate Market For Ultra-Rich Foreign Buyers Snatching Up Luxury Real Estate, Foreign Investment Tops $7 Billion

Miami has been named the top U.S. real estate market for ultra-rich foreign buyers of luxury real estate. According to the US Ultra Prime Real Estate Report, 26% of American ultra-luxury properties sold to overseas buyers were in Miami, with over 95% of the deals being completed in cash. Miami was followed by Los Angeles at 9% and Manhattan at 3%, with ultra-luxury defined as properties costing in excess of $2,700 SF. 80% of Miami's ultra-luxury property market were sold to overseas buyers while 20% was picked up by domestic buyers. Lifestyle played a major factor in the demand for ultra-luxury real estate in Miami, where residents can enjoy warm weather year round matched with clean, beautiful beaches and world-class dining, shopping, and entertainment. 

"Miami has it all, the weather, the beaches, and now Miami truly has world-class metro city centers," says Demetri Demascus a top-producer at Spectrum Realty Group. "When people travel to Miami now they are blown away with how the city has changed over the past few years. Everyone wants to live here. Compared to other prime real estate markets, ultra-luxury real estate Miami can still be purchased at a discount and the government doesn't punish you with taxes and fees for buying or owning it. Miami can offer safety from the political and economic crisis' in foreign buyers' home countries and there are many security options including high-security luxury condos and gated communities with 24/7 security. Miami also has some of the finest waterfront estates from top architects and builders like Choeff Levy Fischman and Todd Michael Glaser. There is so much variety whether it be a luxury home on North Bay Road, Pine Tree Drive, Star Island, Palm Island or a luxury condo on Fisher Island, in Porsche Design Tower or in One Thousand Museum; all with accessible modern luxuries such as Uber, Uber Eats, world-class dining and entertainment minutes away, there really is no city like it. People are coming from everywhere."  

Foreign investment in South Florida homes totaled over $7 billion, 15,400 residential properties in 2017, up from $6.2 billion, 10,900 properties in 2016. Venezuelans spent the most in Miami-Dade for the second year in a row, while Argentinians spent the most in South Florida accounting for over 15% of overseas purchases. Venezuelans purchased 11%, followed by Canadians and Colombians at 9% and Brazilians at 8%. 51% of the deals were in Miami-Dade county led by Venezuelans at 12%, Argentinians and Brazilians at 9%, Colombians at 5%, French at 4% and Ecuadorians and Italians at 3%. In Broward County Canadians accounted for 12% of foreign purchases, Argentinians accounted for 8% of purchases and Brazil, Colombia and Venezuela accounted for 6% each. In Palm Beach Canadians accounted for 31% of overseas purchases and Brazilians accounted for $15%.

Sales At Habitat Development's Ultra-Modern Smart Brickell Reach 50% In Phase 1, To Convert To Contract

Sales remain strong in Brickell as Habitat Development is reporting that the first tower of their $120 million Smart Brickell condo-hotel project have reached 50%. Those who reserved units will be converted to contract on February 15. Groundbreaking has reportedly been pushed back to late 2018. The project, which was designed by Arquitectonica, will feature 3 towers with 170 condo residences and 150 hotel rooms. Condo pricing starts at $290,000 and ranges up to $490,000 while condo units size starts at 558 SF and ranges up to 1,117 SF. Condos are sold fully furnished and smart features include Nest thermostats, Lifx Wi-Fi-enabled LED smart bulbs, Samsung’s digital home appliances, a concierge app and Amazon's Alexa. Sales launched in phases and the first condo tower is now 35% sold with sales for the second condo tower expected to launch in Q1 2018. Smart Brickell is attractive among investors as Airbnb rentals are approved for the building, allowing short term rentals in easy walking distance to some of Miami's world-class entertainment, shopping and dining including Brickell City Centre and Mary Brickell Village. Buyers also have the option to put their unit up for a two-year fixed leaseback. Smart Brickell is targeting a 2020 completion.

“Our goal is to develop a new Brickell for a new generation,” said Santiago Vanegas, President of Habitat Development. “We want to lead the pack for futuristic living in Miami. Combining the elements of Smart Design, Smart Technology and Smart Use, we are providing a Smart solution to residents and guests in Miami. Everybody wants to be Smart.”