The LEED Certified 1 Hotel & Homes South Beach Has Sold A Record Breaking $22.4 Million In 2018

 1 Hotel & Homes South Beach, the eco-friendly, LEED certified luxury oceanfront property has reported a record breaking start to 2018, having reached 90% sold for the entire property with $22.4 million in sales year-to-date. There are a few select fully-furnished, turnkey penthouses still available, of note are the property’s two signature duplex penthouses, PH-1610 and PH-1609, a stunning 3,557 SF three bedroom, three and a half bathroom residence that was just recently introduced to the market. Remaining inventory ranges in size from 1,834 SF to 4,207 SF and is priced from $3.1 million with sales and marketing exclusively overseen by Douglas Elliman Development Marketing

Notable 2018 sale highlights include the closing of Penthouse 1707, a $5.5 million three bedroom, three and a half bathroom residence; Penthouse 1617, a $5.6 million three bedroom, three bathroom residence; Residence 1440, a $5 million three bedroom plus den, three bathroom residence; and Penthouse 1708, a three bedroom, three and a half bathroom residence that sold for $6.35 million. All residences are complemented by outdoor living space overlooking the Atlantic Ocean and Miami skyline.

“A factor contributing to the 2018 sales success of 1 Hotel & Homes is the recent uptick of domestic buyers expressing interest in the property, particularly those from the Northeast,” said Camille Douglas, Senior Managing Director, LeFrak. “Due to the recent federal tax reform, high net worth individuals are now motivated to invest and reside in Miami for both personal and financial reasons. Add to that the one-of-a-kind wellness and sustainable lifestyle offered at these fully-furnished, turnkey residences and you have an opportunity that is hard to refuse.”
 
The property is LEED certified, representing the pinnacle of eco-conscious living. The 1 brand translates into a sustainable lifestyle complete with conscious programming. From the penthouse’s “eco-glam” design, nature inspired aesthetic and living art installations, to eco-friendly services such as pre-arrival kitchen and pantry shopping with a local organic option, in-home natural care botanical service, eco-conscious housekeeping services, and personal shopping and delivery services including organic grocery and dry cleaning. There’s even a dedicated Tesla house car available to residents for quick complimentary rides. 

Located at 102 24th Street, 1 Hotel & Homes features 155 residences atop a 425-key luxury resort. The acclaimed Debora Aguiar-designed penthouse residences celebrate living on the ocean with elegant driftwood furnishings, plant life and spaces designed to invite the ocean breezes and sunlight into every room. The interiors boast custom Italkraft kitchens with imported Italian silver travertine, white quartz countertops, Wolf appliances, Dornbracht faucets and trash, composting and recycling bins.

The resort's amenities include access to 600' of beachfront and four elevated oceanfront swimming pools, an onsite SoulCycle studio, a Mindfulness Program that offers yoga and meditation, a 14,000 square foot Spartan Gym, and a visionary new Bamford Haybarn Spa from London. Owners can also enjoy access to four exceptional restaurants and bars, including the newly-opened Habitat, farm stand fresh restaurant Plnthouse by Matthew Kenny, and WATR, a stylish rooftop pool and restaurant-bar with panoramic views of the ocean and city skyline.

Douglas Elliman Florida Brokerage CEO Jay Phillip Parker Accepted Into Forbes Real Estate Council

Douglas Elliman Real Estate, the third-largest residential real estate company in the United States, has announced that Jay Phillip Parker, Chief Executive Officer of Douglas Elliman’s Florida Brokerage, has been accepted into the Forbes Real Estate Council. The Forbes Real Estate Council is an invitation-only community for executives in the real estate industry. Parker, joins other Forbes Real Estate Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to publish knowledgeable insight and thought leadership articles regarding the real estate industry on Forbes.com.

With 20 offices throughout South Florida including Miami, Miami Beach, Aventura, Boca Raton, Fort Lauderdale, Palm Beach, Bay Harbor Island, Jupiter, Wellington and Del Ray Beach, the Douglas Elliman's Florida Brokerage finished 2017 with $3.6 billion in closed transactions, up 34% from the previous year. Douglas Elliman’s total sales volume was $26.1 billion, up 6%.

“Being appointed into the Forbes Real Estate Council speaks to the power and growth of Douglas Elliman’s Florida Brokerage and I am thrilled to become a part of a successful community that is driven by the same eagerness and passion toward the real estate industry” said Jay Phillip Parker, CEO of Douglas Elliman Florida Brokerage, “I look forward to connecting with likeminded executives across the world and sharing my insights of the growing Florida real estate market with the readers of Forbes.”

Scott Gerber, founder of Forbes Councils, says, “We are honored to welcome Douglas Elliman’s Florida Brokerage CEO, Jay Phillip Parker, into the community. Our mission with Forbes Councils is to curate successful professionals from every industry, creating a vetted, social capital-driven network that helps every member make an even greater impact on the business world.”

Power Broker Sladja Stantic Returns To One Sotheby's International Realty & Opens New Sunset Harbour Office

ONE Sotheby’s International Realty has announced  that power broker Sladja Stantic has returned to the team. With a vision rooted in bringing personal relationships back into the business of real estate, Sladja will open her new office in Sunset Harbour at 1825 West Avenue and will lead a team under the name Sladja Miami Homes. Having spent what she refers to as ‘the biggest part of her career’ at ONE Sotheby’s, Sladja is optimistic and excited to start her newest venture alongside her prior colleagues.

After working with a partner for over a decade, Sladja will embark on her own. The highly anticipated Sunset Harbour office will be a unique combination of a living room and working real estate hub that encourages locals to come, sit and stay. Her desired aesthetic will include comfortable décor, an inviting, refreshed atmosphere and the space will be programmed for events. 

“It feels like coming home after being away on a trip,” Sladja explained. “While my time at Douglas Elliman was an important learning opportunity to gain experience in new construction, I knew I wanted to come back to a more personal side of selling. I spent six wonderful years at ONE Sotheby’s and felt more of a family connection there. That’s the same feeling I want to extend to my clients, and ONE Sotheby’s is the perfect partner.”

ONE Sotheby’s President, Daniel de la Vega shared his sentiments about Sladja’s return. “Here’s the truth… I always really wanted her back!” Daniel exclaimed. “This is very rewarding on so many levels. Sladja has an impeccable reputation and will fit right back in beautifully with our agents. She will continue what she started here at ONE (she was one of the first agents at our South Beach office), and we look forward to supporting and providing her with the best tools in the industry to do so.”

“I chose to settle in Sunset Harbour because, it too, feels like home. It’s strategically located between the Venetian, Sunset Island, North Bay Road and all the areas I work in the most. I have roughly three or four meetings there a day, and with all of the shops, restaurants and scenery its quickly become one of the most desired places for all the locals in Miami Beach,” Sladja continued. For more information Sladja can be contacted at (305) 799-7697.

| In partnership with ONE Sotheby's International Realty |

MG Developer's Beatrice Row Nears Completion in Coral Gables

MG Developer continues to build ‘The City Beautiful,’ this time with a new enclave of nine luxury Georgian townhomes situated along a dreamy tree-lined street in the  heart of Coral Gables. Beatrice Row, located at 744 Biltmore Way, is the second of four developments within a 150,000 SF planned residential community called Biltmore Square. Beatrice Row is now 70% complete and scheduled for occupancy in late spring, summer of this year. Beatrice Row is already nearly 50% sold out. 

Beatrice Row was designed by the internationally acclaimed architecture firm, De La Guardia Victoria Architects and Urbanists. Its distinguished façade features romantic arches, authentic brick and marble, coral stone details and hand-crafted bronze-finished balconies. Townhomes will feature 4 bedrooms and 4.5 bathrooms and range up to 5,500 SF. Pricing starts at $2.3 million. Each townhome offers 13' high ceilings, sculpturally intriguing staircases, and gourmet kitchens with refined custom cabinetry, marble countertops and premium appliances. Other details include private elevators, smart home automation, walk-in laundry rooms, four car garages and expansive covered terraces with built-in outdoor kitchens.

“We’re excited to be on the cusp of bringing this unparalleled townhome lifestyle to Coral Gables, which will be part of the magnificent Biltmore Square community,” said Alirio Torrealba, CEO of MG Developer. “Inspired by some of the most picturesque Georgian style neighborhoods around the world, Beatrice Row is the perfect expression of classic charm and urban sophistication.”

“There are currently no other comparable three-story luxury townhomes in the area, and certainly none with this level of attention to Georgian design and detail,” said Daniel Guerra, Vice President of Development Sales at Fortune International Realty.  “Beatrice Row is wholly unique and offers the complete Coral Gables lifestyle, from the exquisite neighborhood to the proximity to Coral Gables’ vibrant downtown.”

MG Developer recently launched a suite of curated, concierge-style services for Biltmore Parc and Beatrice Row. The program offers qualified buyers the opportunity to purchase and move in to their new residence with just 10% down. In addition to affording buyer them time to sell their existing home with more peace of mind, other benefits include coordinated design and décor services for buyers moving into a new residence. For buyers who list/sell their existing home through MG Real Estate Group, the listing commission that would have been due to MG will be applied to the purchase price of the new residence, reducing the overall cost of the home.  

Related Group Announces Paraiso District Is Over 97% Sold As Project Nears Completion

Related Group has announced that the Paraiso District, an 11-acre, four-tower luxury development taking shape on Biscayne Bay in Edgewater, is now 97% sold-out. A number of A-list celebrities have already purchased units in the development, including David Guetta, Alex ‘A-Rod’ Rodriguez, Gael Monfils, and more. Paraiso District consists of the 384-unit Paraiso Bayviews, the 357-unit Paraiso Bay, the 317-unit Gran Paraiso, the 276-unit One Paraiso, and seven standalone townhomes at Paraiso Bay Homes. The project is is expected to be delivered during the course of this year (2018), with closings on the 53-story, sold-out Paraiso Bay beginning this month. 

“The Paraiso District is by far one of the most ambitious projects in our portfolio,” says Carlos Rosso, President of The Related Group’s Condominium Division. “The project brings together the best of all Miami has to offer: prime waterfront access, unrivaled culinary offerings, world-class art, a bayfront park, unparalleled health and fitness amenities and striking, expansive residences with spectacular water views. This incredible combination provides buyers with the opportunity to experience the best in resort-style living, while also embracing a walkable, community feel. It’s truly unlike anything else in Miami.”

The final tower in the District, Gran Paraiso, topped off earlier this year; with a select number of prime units still available, starting at just under $1 million to $1.7 million for the tower residences and penthouses from $2 to $3 million. The expansive tower residences feature 10’ ceilings, wraparound terraces and are delivered completely finished with a selection of flooring finishes. Indoor-outdoor spaces throughout the Paraiso District celebrate the tropical, bayside environment, with floor to ceiling windows and open concept floor plans. Resort style amenities include Miami’s largest circular pool, at close to 100 feet in diameter, a pool deck designed by Enzo Enea, a bowling alley, tennis center, wine and yoga rooms, and spa. The Paraiso District encompasses nearly 4,000,000 gross square feet of premium waterfront with a public park and multiple pocket parks, boat slips, seven pools, five tennis courts, open-air art installations, and direct access to the Biscayne Line.

Earlier this year, Amara at Paraiso opened on the ground floor of the Paraiso District's private beach club, with delectable dinners and weekend brunches. Amara at Paraiso is the newest restaurant from James Beard Award-winning chef and restauranteur Michael Schwartz. The bayfront restaurant is designed by Meyer-Davis and notable for its unobstructed views of Biscayne Bay, the beach club features a plunge pool, private boat slips and jet skis, canoes, kayaks and paddle boards for residents. 

Check out PROFILEmiami's coverage of Related Group's top off of One Paraiso in June 2017 

Check out PROFILEmiami's Paraiso District Overview

Trump Group Breaks Ground On The Estates At Acqualina In Sunny Isles Featuring Lobbies by Karl Lagerfeld

Trump Group has officially broken ground on The Estates at Acqualina, the $1.5 billion ultra-luxury development in Sunny Isles after a lavish event with skydivers, a marching band and 25 Rolls-Royces. Located at 17895 Collins Avenue, the 154-unit south tower is over 65% sold, with sales reported at over 100 units and $550 million since launching in 2015. The north tower, which is currently on hold, will have an additional 93 residences. The Estates at Acqualina sits adjacent to the north of Mansions at Acqualina and Acqualina Resort & Spa. Construction will commence on the foundation of both towers and Villa Acqualina, the 45,000 SF amenity villa connecting both towers. The South Tower is expected to top-off by December 2019 with expected delivery in 2020. 

Condos at The Estates at Acqualina range from 2,917 SF 3-bedroom units to over 9,000 SF 7-bedroom residences. Pricing starts at $4.2 million and ranges up to $14.5 million; additionally, the building offers $32 million and $36 million penthouses. Connecting the two towers is Villa Acqualina, designed by Karl Lagerfeld, creative director of Chanel and Fendi, marking his first residential project in the U.S. Villa Acqualina houses over 45,000 SF of amenities including a spa, fitness center, ice skating rink, bowling lanes, movie theater, Wall Street Trader's Club trading room, basketball court, soccer field, bocce court, dog park, FlowRider surf simulator, golf simulator, multiple infinity pools, a beachfront restaurant and a full-service beach club. 

Step Inside The Record Breaking South-of-Fifth Oceanfront Penthouse at 321 Ocean Which Just Sold For $26 Million

One Miami Beach’s most sought after penthouses, located atop 321 Ocean on Ocean Drive in the South of Fifth neighborhood, has sold for $26,000,000. The closing was on Friday, May 11, and the property was owned by an American-Russian financer who had the property listed with Bill Hernandez and Bryan Sereny with Douglas Elliman and sold the property to an undisclosed buyer Skurge, LLC for $26,000,000 represented by Mick Duchon & Eloy Carmenate of Douglas Elliman.

The transaction represents the highest priced residential condo real estate deal for Miami-Dade in last 12 months and highest priced condo sale in South Beach since 2014. The Miami Beach real estate market has seen several large condo transactions over the past several months as other notable closings include a unit at Apogee South Beach for $13.5 million & Continuum South Beach for $9.3 million.
 
The penthouse is the only full floor oceanfront penthouse in South Beach, featuring a 36' infinity pool overlooking open ocean views. The 13,220 SF 2 story penthouse features nearly 7,000 SF of interior space spread over 5 bedrooms with staff quarters, 5 full-baths and 2 half-baths. The residence also offers a private 5,223 SF roof deck with the infinity pool, outdoor kitchen, fire pit, and massive entertaining space with a dining table that fits about 40 people. 

Take the Video Tour Below:

Photos via Lifestyle Production Group

GlassHaus Breaks Ground In Coconut Grove At Nearly 50% Sold

GD.8 and Element Development, LLC. have broken ground on GlassHaus, Coconut Grove's newest boutique condo project designed by Varabyeu Partners. The project is reportedly 50% sold. When complete the project will rise 5-stories and offer 23 luxury condominiums. Residences start at $595,000 and range up to $1.2 million, offered in 1, 2 and 3 bedroom layouts that range from 1,080 SF to 2,380 SF. Units will come complete with 11' ceilings with floor-to-ceiling glass windows, Italkraft cabinetry and stone countertops in the kitchen, and a buyer's choice of wood or porcelain floors. GlassHaus will also include a fitness center, electric bicycles, zen garden, resort-style rooftop including pool, summer kitchen and lounge and underground parking. Owners will also receive a membership to the Coconut Grove Sailing Club. Fortune International is in charge of sales and Glasshaus Coconut Grove is expected to be completed in 2019.

“I am very proud and excited that we are breaking ground on schedule,” said Javier Llurch, president of Element Development. “Glasshaus in the Grove is the first of many projects that we have planned along 27th Avenue - a bridge for the North and Center Grove neighborhoods.”

Related Group & East End Capital's Wynwood 25 Tops Out, On Track For Completion Summer 2019

Related Group and East End Capital have officially topped out the Kobi Karp-designed Wynwood 25 and construction teams are on track for an expected completion in the summer of 2019. The mixed-use project features 289 rental apartments, 340 parking spots and 31,000 SF of ground-floor retail, making it one of the largest projects to be developed in the Wynwood neighborhood. Units range from studio to 1-bedroom, with some select larger units available. All residence feature 10'-12' ceilings with in-unit washer and dryers. Amenities at Wynwood 25 include a rooftop pool, rooftop barbecue area, rooftop movie lounge, bike room, EV car-charging stations, a state-of-the-art fitness center with yoga studio, a 12,000 SF green courtyard, and dog wash facilities, amongst others.

“This top-out brings us one step closer to achieving our vision of bringing top-tier living options to Miami’s most creative and artistic neighborhood,” said Jon Paul Perez, Vice President of The Related Group. “We expect Wynwood 25 to not only set the standard of living for the area, but also serve as a catalyst for the neighborhood’s next chapter. We look forward to a successful delivery next summer.”

Miami Worldcenter Unveils Construction Timeline for the Mixed-Use Development

Miami Worldcenter is currently the second largest urban development underway in the United States and occupies 27 acres in the heart of downtown Miami. The ten-block project is expected to account for $2 billion in new investment in downtown Miami and will include world-class retail, hospitality, commercial and residential uses. 

The project, whose “master plan has been in the making for more than a decade” is running on all cylinders with more than 800 workers active on site each day as the project prepares to open its first residential phase as early as this year. To date, 4,000 workers have been hired, and approximately 75 percent of those live in Miami-Dade County. A Class AA office tower of this size and scale hasn’t been built in Miami in a decade and its construction coincides with the launch of Brightline’s rail service into Downtown Miami, which will bring Miami commuters to Fort Lauderdale and West Palm Beach starting Saturday, May 19th.

The developers, Miami Worldcenter Associates, provided PROFILE with this construction timeline:

• CAOBA apartments will welcome renters to its 444 units who are seeking a well-connected location adjacent to multiple transportation hubs in the fourth quarter of this year. 
• PARAMOUNT Miami Worldcenter, a 569-unit luxury condominium tower is slated for completion during the first quarter of 2019. 
• The open-air retail, dining and entertainment component, developed in collaboration with The Forbes Company and Taubman, is underway with more than 140,000 square feet of space in construction and another 160,000 square feet forthcoming in phase one. Delivery is expected to begin in the fourth quarter of 2019.
• MDM Group expects to begin construction of its 1,700 room Marriot Marquis, complete with 500,000 square feet of meeting, exposition and event space, in the fourth quarter of 2018.
• LUMA, a 434-unit luxury apartment tower to be developed by ZOM, will break ground later this year with completion anticipated in 2020.
• A new Class AA office-led mixed-use tower developed by Hines will begin rising out of the ground next year in advance of opening to tenants in 2021.

“Today’s consumers are looking for convenience and connectivity, and Miami Worldcenter delivers on both,” said Nathan Forbes, Managing Partner of The Forbes Company. “We see strong demand for a pedestrian-friendly shopping, dining and entertainment district that will be home to premier brands and inviting public spaces flowing seamlessly with surrounding streets and nearby transit options. Once complete, Miami Worldcenter will become the perfect confluence of arts, culture, entertainment and transportation.” 

Article by Katya Demina