Jugofresh, The Cold-Pressed Juice Bar That Transformed The Sunset Harbour Neighborhood, Closes Its Doors After 6 Years

It is a sad day for Miami as Jugofresh, the cold-pressed juice bar that served as one of the catalysts that helped transform the Sunset Harbour neighborhood of Miami Beach, has closed its doors after 6 years and ended its partnership with Whole Foods; the announcement effective as of yesterday March 13, 208.

Founder Matthew Sherman referenced his "lack of experience and rapid expansion are what ultimately led us to close." Other factors included revenues of the Sunset Harbour location dropping from $3.2 million in 2013 to $870K in 2017, maintaining a clear brand image when working with a large company (Whole Foods), and "retail businesses are getting increasingly harder to maintain with rising rents and online stores." Increased competition from new juice bars also contributed to the closure. Sherman was also the founder of Paradigm Kitchen, also in Sunset Harbour, which closed in April 2017 after seven months of operation due to lack of income.  

Jugofresh was founded in 2013 after Matthew Sherman decided to take his fast growing "Miami Juice Club" to brick-and-mortar retail and opened Jugofresh's first location in Sunset Harbor. Sherman later went on to open additional locations in Wynwood, Coral Gables, and in all Whole Foods locations in Miami and Fort Lauderdale. Jugofresh had also launched their CPP retail cold-pressed juice line and

All may not be lost for Jugofresh though, Sherman is listed as one of the Miami Based chefs bringing both of his concepts, Jugofresh and Paradigm Kitchen, to Time Out Market Miami. Time Out Market Miami will be South Beach's first food hall concept expected to open later this year on Lincoln Road. With the abrupt closing of all Jugofresh locations and the removal of their website, comment has not been made on if Jugofresh will in-fact still be a vendor at Time Out Market Miami. 

Pordes Residential Tabbed As The Exclusive Onsite Sales & Marketing Firm At 101 Bay Harbor

Pordes Residential has been name the exclusive onsite sales and marketing firm for the new 101 Bay Harbor Islands townhouse development. Developed by The Puder Group, the recently completed boutique property features 12 luxury townhomes located in Bay Harbor Islands. Pordes Residential brings its extensive experience and wide reaching broker network to sellout the remaining residences. Pricing at 101 Bay Harbor start in the mid $900,000s and range up to $1.89 million for a fully-furnished, turnkey townhome which are located at 101 Bay Harbor Terrace.

“Bay Harbor Islands is one of South Florida’s most prestigious locations, and this property truly brings something new and exciting to the neighborhood,” said Mark Pordes, CEO of Pordes Residential. “We are honored to have been selected by The Puder Group to complete sales.”

Residences at 101 Bay Harbor offer 4 bedrooms, 3.5 baths and rooftops for each townhome offering approximately 2,300 SF of interior living space. Residences offer open and spacious plans that include floor-to-ceiling windows and private terraces. Kitchens and bathrooms come equipped with Italian style cabinets, quartz countertops and state-of-the-art appliances. Each residence features a 2 car garage as well as a rooftop terrace with a barbeque, summer kitchen and private Jacuzzi. 

“We are excited to team up with Pordes Residential and are confident in the firm’s capabilities to sell the remaining inventory,” said Jodi Puder, developer of 101 Bay Harbor. “Pordes Residential’s experience working in the Bay Harbor Islands market and proven track record of reaching the appropriate buyer demographic made the firm a natural fit for 101 Bay Harbor.” 

“101 Bay Harbor checks all the right boxes for the most discerning buyer,” said Adam Kaufman, Vice President of Sales and Operations for Pordes Residential. “The quality and design of these residences coupled with the development’s excellent location make it truly a one of a kind. The neighborhood has an abundance of older single-family homes, so we are seeing people looking for something different and new in the Bay Harbor area and are attracted to this property and its unique amenities.” 

Check Out The Newly Released Renderings of OKO Group's AS+GG-Designed Una Where Sales Are Now Live

Sales are now live at OKO Group's Una, where residences start at $900,000 and are being exclusively overseen by Fortune Development Sales. The 47-story boutique condo tower will rise at Brickell Avenue’s southernmost point at 175 SE 25th Road near the crossroads of Coconut Grove’s Main Highway and Brickell Avenue. OKO Group spent an entire year negotiating individual sales of an entire 61-unit, 11-story, existing building where they ultimately paid about $48 million to acquire the property in 2016. 

Both of Una's exterior and interior design are being overseen by Adrian Smith + Gordon Gill Architecture (AS+GG), the internationally acclaimed architects known for designing extraordinary skyscrapers like Saudi Arabia’s Jeddah Tower. Their form follows function philosophy considers climate and environmental context when devising plans for the 47-story tower whose design is inspired by the expertly crafted Riva yacht. AS+GG will be designing the interiors as well exteriors to ensure a cohesive aesthetic that features a timeless palette of natural materials like leather, wood and stone. 

Una will offer 135 bay view residences ranging from two to five bedrooms that have flow-through floorplans. They offer private elevator entry, 10’8” ceilings, chef’s kitchens with Gaggenau appliances, master suites with his and hers wings, laundry rooms with washers and dryers, and expansive 180 degree terraces featuring seamless floor-to-ceiling doors with “effortless lift and glide” glass balcony doors, glass balcony railings, and panoramic views of Key Biscayne, Downtown, Miami Beach, and Coconut Grove.

Amenities include a private marina, three pools, a state-of-the-art fitness center with yoga and personal training areas, a spa featuring indoor and outdoor private massage treatment rooms, three levels of subterranean parking, a cinema, and 24-hour concierge. Una's location on a waterfront urban park setting will be further enhanced with a private bayside garden by Enzo Enea’s award-winning landscape architectural firm Enea Garden Design, Inc. Residents will also have access to the Grand Bay Club on Key Biscayne. 

Una is expected to be delivered by Q4 2020. 

Check out PROFILEmiami's March 2018 coverage of the announcement of Una

University Bridge Residences Announces The FIU-Adjacent Development Will Now Be Retained As Rentals

University Developments has announced that its 20-story student housing tower University Bridge Residences, adjacent to Florida International University (FIU), will now be rentals instead of sold as a condominium as originally planned.  
 
A strong rental market for student housing combined with recent changes in United States tax legislation made retaining the unique asset incredibly compelling. University Developments has been processing its building permits since the fourth quarter of 2017 and expects to be able to break ground this spring. Delivery of the building is on its original schedule, anticipated in time for the 2020-21 academic year.
 
“Despite very impressive sales in an overall difficult condominium market, we have made the decision to retain this asset instead of selling it off to individual buyers,” said Brian Pearl, Principal of University Developments. “Cervera Real Estate, our exclusive broker, has done an amazing job, realizing more than 150 unit sales in the past six months. We were certainly on track on our projections, however, the option of retaining the asset is clearly the better scenario for us in the long-run.”
 
“We understand that developers have to make the best financial decisions available to them,” said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate. “While we are disappointed that the units will not be sold as condominiums, especially with the tremendous response that we saw from both buyers and brokers, we are glad to see the project still going ahead and filling the obvious need in the marketplace for student housing. I am very proud of our sales team and thankful to the visionary brokers who have proven the viability of this concept here in our growing city. We are actively working to find alternative opportunities for their buyers given the change in the project’s status.”
 
“We have had a highly productive experience with Cervera and plan to work with them again and again,” concludes Pearl. “It is a rare opportunity where an asset is viable as both a sale and a rental, but the opportunity to retain the asset was the deciding factor.”

University Bridge Residences is being developed by University Developments, a partnership between Miami-based Global City Development, Toronto-based Reichmann International and Toronto-based Podium Developments. University Bridge Residences is bing designed by architecture and interior design firm Arquitectonica and will rise 20 stories and offering 492-units. 

Check out the renderings of the Arquitectonica-designed tower

Photos via University Bridge Residences

Bitcoin Has Officially Entered The World Of Luxury Real Estate

Cryptocurrency is at the forefront of investing in today’s news, but ill-informed stakeholders have taken prices for a wild ride. Famously, bitcoin peaked at $19,500 in December 2017, only to fall to $7,000 a month later. Despite its instability, cryptocurrency has penetrated the retail market with over 100,000 merchants accepting bitcoin as payment, including Microsoft, Expedia, and Tesla. 

Now you can buy real estate with cryptocurrency and the process is relatively easy; buyer and seller must simply agree on a price and find title and escrow companies willing to work with virtual currency. The first single-family home sale involving bitcoin was announced in 2017 and parties completed the transaction using BitPay, a payment service that allows you to convert bitcoin into U.S. dollars. 

The exclusive Fisher Island, home to billionaires and celebrities alike, is attempting to bring bitcoin to the luxury home market. Unit 2333 in Bayside Village is a two-bedroom, two-and-a-half bathroom condo listed for $2.05 Million, or its bitcoin equivalent. The opulent, oceanfront condo offers spectacular natural lighting and extensive views of the Atlantic, Biscayne Bay, and Miami Beach skylines. If the buyer opts to pay in bitcoin, this would mark the first sale of a luxury home in bitcoin and would reinforce the security of the cryptocurrency’s future and set precedent for its impact on the global real estate market.

Real estate is a reliable outlet for established cryptocurrency investors who are looking to diversify into asset-backed investments. "The driving force behind the decision to list this property for bitcoin is to broaden the horizons for both buyers and sellers,” says Robert Volé, property owner and broker for The Island Realty. "We're looking at the evolution of both the marketplace and the buyer, while offering a new experience for sellers, many of whom are always looking at alternate means of liquidity.” Volé has over 25 years’ experience in developing, speculating and owning a number of properties on Fisher Island and South Florida. 

Despite Volé’s optimism, the lack of regulation is a source of hesitancy to using cryptocurrency for real estate transactions, especially given Miami’s notoriety as being a haven for money launderers. There is also a lack of clarity in how capital gains from bitcoin will be taxed when the IRS has no procedure regulating the reporting of these transactions. Investor magnate Warren Buffett warned that the cryptocurrency craze is destined to end badly. It remains to be seen if a volatile currency like bitcoin that has fluctuated in value some 45 percent in three months is stable enough for large real estate transactions. 

The unit is co-listed by Robert Volé and Elena Vertlib of The Island Realty. 

Article by Katya Demina

Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer, Now Listed For $40 Million

The infamous 5 Star Island sits on the globally recognized Star Island, one of the most prestigious private islands in Miami Beach with residents like Stuart Miller, Phillip and Patricia Frost, and Gloria and Emilio Estefan. The storied property, which is one of the largest real estate sites on Miami Beach, just listed for $40 million. Known as 5 Star, the eccentric estate is an elaborate party mansion that spans 17,000 SF of living area complete with 13 bedrooms, 12 full bathrooms over the entire 2 acre gated property which offers spectacular views of Biscayne Bay, PortMiami and Downtown Miami. 

The main house is a 3 bedroom 4 bathroom party manse filled with exotic and eccentric design throughout. The home was custom tailored complete with stripper poles on the dining room table, a 10,000 bottle wine cellar, movie theater, Crestron system, spa, gym, a lavish master-suite complete with a stone-lined master-bath, a balcony with an outdoor tub overlooking Biscayne Bay, a 14 car garage, and is rumored to have even have a missile silo built in. 

Outside features a large driveway and motor-court in the front while out back offers views of the Miami Skyline, a party ready pool, outdoor lounges with summer kitchen, and 200' of waterfront docking for a yacht. The property also features multiple guest houses and separate private office space.

4 and 5 Star Island is now listed for $40 million with Brett Harris of Douglas Elliman. The Lots can also be sold separately. In recent years 5 Star Island has been used for a number of business ventures including events and for rent offered by Douglas Elliman.

In August 2017 PROFILEmiami reported that Verena von Mitschke-Collande and Claudia Miller-Otto had won 4 and 5 Star Island from Thomas Kramer via court-ordered auction. Kramer played an integral role in the redevelopment of South Beach including Portofino Tower before he lost a $90 million settlement in Swiss Courts in 2003 in a legal battle that has continued to play out for decades. 

Photos via Douglas Elliman

alice + olivia by Stacey Bendet Opens Latest Flagship Location in Craig Robins' Miami Design District

The Miami Design District just welcomed alice + olivia by Stacey Bendet’s latest flagship store. Featuring  contemporary interior design, including a zig-zag black and white marble floor, the store will carry the brand’s complete collection, including ready-to-wear, gowns, shoes, accessories and the newly launched denim line, AO.LA by alice + olivia. 

CEO and Creative Director, Stacey Bendet, collaborated with Robert Couturier, renowned French interior designer, using the elegant works of Jean-Michel Frank from the 1930s for inspiration. 

Bendet commented, “We love the energy and style of the women in Miami and we are very excited to continue to expand our fashion community with our newest Flagship store in the Design District!” 

The alice + olivia store is located at 99 NE 39th Street, Suite 107/207, Miami, FL 33137. Store hours are 11 am to 8 pm Monday through Saturday and 12 pm to 6 pm on Sunday.

Article by Katya Demina | Photos via Alice + Olivia & Robin Hill Photography

Explore The Luxe Venetian Islands Waterfront Designed By Allen Saunders Which Just Closed For $8.2 Million

Anthony Criscito with The Criscito Team at Douglas Elliman represented the buyer of this modern eight-bedroom, eight-and-a-half-bathroom home that just closed on Wednesday, February 28th for $8.2 Million. The waterfront home was recently renovated with interior designs by Allen Saunders that feature clean, white finishes and beautiful hardwood floors. Most bedrooms feature en-suite bathrooms and the spacious master has his and her dressing rooms. There are large living and dining areas with an adjacent chef-inspired kitchen which has stainless steel appliances and custom tile backsplash. 

This home is the perfect outdoor entertaining venue with lush terraces, summer kitchen and bar, cabana bath, infinity edge pool, hot tub, and boat dock. The backyard is fully enclosed with lush landscaping and foliage to ensure privacy. Enjoy westerly views of the Miami skyline and Biscayne Bay. 

Photos via Douglas Elliman | Article by Katya Demina

Construction at CMC Group's Brickell Flatiron Passes The 29th Floor As The First Glass Is Installed

Construction at Ugo Colombo and CMC Group's Brickell Flatiron tower is continuing to cruise as Moss construction crews have surpassed the building’s 29th floor and glass has begun to be installed. Construction is expected to continue to move at a rate of one full floor level completed every 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.

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 renderings of Brickell Flatiron's exclusive Penthouse Collection Series

Vladislav Doronin's OKO Group Announces New Waterfront Tower, Una, Set to Soar Near Crossroads of Key Biscayne and Coconut Grove in Brickell

OKO Group, led by founder Vladislav Doronin, just announced its second Miami project: Una. The monumental condominium is the only luxury tower scheduled to break ground south of Brickell, in the area that was once the city’s birthplace of modern high-rise living in the 1970s. 

Una will be located at Brickell Avenue’s southernmost point at 175 SE 25th Road near the crossroads of Coconut Grove’s Main Highway and Brickell Avenue. 

This established residential neighborhood will allow Una residents to “Benefit from accessibility to major roadways and the main transport arteries of Miami in only a few minutes,” said Doronin, Chairman and CEO of OKO Group. “The tower will offer striking style, intimacy, exclusivity, and a superior range of first-class amenities that celebrates the joie de vivre of Miami.  Destined to become the new landmark on the Brickell skyline, Una, thanks to its internationally-renowned design team, will further define Miami as one of the world’s leading destinations for elegant living and sophisticated design.”

Una is being designed by Adrian Smith + Gordon Gill Architecture (AS+GG), the internationally acclaimed architects known for designing extraordinary skyscrapers like Saudi Arabia’s Jeddah Tower. Their form follows function philosophy considers climate and environmental context when devising plans for the 47-story tower whose design is inspired by the expertly crafted Riva yacht. AS+GG will be designing the interiors as well exteriors to ensure a cohesive aesthetic that features a timeless palette of natural materials like leather, wood and stone. 

Known for his attention to detail, Doronin spent over a year scouting a location that would offer residents Miami’s coveted waterfront lifestyle away from the congestion of Downtown. This site is the first of its kind available on the market in decades and the 180 degree terraces offer beautiful, panoramic views of Key Biscayne, Downtown, Miami Beach, and Coconut Grove. The urban park setting will be further enhanced with a private bayside garden by Enzo Enea’s award-winning landscape architectural firm Enea Garden Design, Inc. 

Una will consist of 135 bay view residences ranging from two to five bedrooms that have flow-through floorplans. They offer private elevator entry, 10’8” ceilings, chef’s kitchens with Gaggenau appliances, master suites with his and hers wings, laundry rooms with washers and dryers, and expansive terraces featuring seamless floor-to-ceiling doors and glass balcony railings. Amenities include: a private marina, three pools, a state-of-the-art fitness center with yoga and personal training areas, a spa featuring indoor and outdoor private massage treatment rooms, a cinema, and 24-hour concierge. Residences start at $900,000 and sales are expected to begin in March 2018 which will be handled by Fortune Development Sales. 

Photos via OKO Group |  Article by Katya Demina