Nothing Compares To This Artefacto-Designed Oceanfront Condo With A Wall Mounted $1.5 Million Pagani Zonda R

Race cars aren't just for driving anymore. The owner of an $8 million oceanfront condo in Miami recently had a $1.5 million Pagani Zonda R installed in their Surfside residence to serve as the centerpiece of the luxurious 4,232 SF space. The 800 lbs Pagani Zonda R, of which there are just 15 manufactured this year, serves as both art form and function, acting as a partition between the living room and master suite. The owner had Artefacto design the residence around the car and the team worked directly with Pagani to create a custom aluminum and carbon fiber stand which creates the illusion that the vehicle is floating. Check out the newly released images (below) of the completion and installation. 

Check-Out The Cipriani's Newly Revealed Mr. C Coconut Grove Hotel Designed by Arquitectonica

The Cipriani family is bringing a new hotel to Coconut Grove, featuring a modern, radical design by Arquitectonica which was influenced by Stiltsville in nearby Biscayne Bay. The development team recently revealed the hotel with new renderings and construction is nearing completion with the hotel expected to open this winter (2018). 

Located at 2988 McFarlane Road, Mr. C Coconut Grove will rise 5-stories and feature 98-rooms which are a mix of guest rooms and suites with private terraces. Pricing is expected to start around $325 per night matched with attentive European service from the staff. Mr. C Coconut Grove will also feature a new Italian dining concept with indoor and outdoor seating as well as the rooftop Bellini Restaurant and Bar. The project is being developed by Arquitectonica principal Bernardo Fort-Brescia's Main Highway Partners.

Arte by Antonio Citterio Tops-Out In Surfside

Arte by Antonio Citterio, the highly anticipated, oceanfront, ultra-luxury building at 8955 Collins Avenue in Surfside, has officially topped out. The building, which derives its name, Arte, from an "ART" sculpture displayed outside designed by the late legendary American artist Robert Indiana, is expected to be completed in 2019. Arte by Antonio Citterio is being developed by Sapir Corp LTD.

Arte represents the world-renowned Italian master architect and designer's first building in the United States. Citterio is known for his work on the BVLGARI Hotels in Dubai, London, Milan and Bali, amongst others. Kobi Karp is the architect of record. Arte rises 12-stories and offers 16 luxury condominiums. Residences feature expansive terraces which are designed to be used as external living rooms. Five-star amenities include an outdoor pool, an indoor lap pool, a spa and fitness room, while across the street, an exclusive, residents-only facility will house a tennis court, residents’ lounge and multi-purpose room. The grounds span an entire acre of beachfront and feature lush landscaping by world-class landscape architect Enzo Enea.

Check Out The Renderings

Douglas Elliman Florida Brokerage Relocates Design District Office To MiMo With Lavish Ribbon Cutting Reception

Douglas Elliman has officially opened its newest Florida office in Miami’s MiMo District located at 5555 Biscayne Blvd., replacing its previous Design District location. The full-floor 6,000 SF location houses the firm’s Miami Design District agents along with additional office space for new recruitment, Douglas Elliman Development Marketing Miami-Dade operations, public relations and marketing teams.

The firm marked the occasion, its continued growth to now with more than 1,000 agents throughout Florida and continued expansion into new regions, with a grand opening celebration on June 27th. Douglas Elliman President and COO Scott Durkin, CEO of Florida Brokerage Jay Phillip Parker, COO of Florida Brokerage Gus Rubio and Managing Broker Judith Corcos, held a ribbon cutting ceremony followed by a cocktail reception to launch the brokerage’s new office location. Guests were treated to wine and champagne along with hors d'oeuvre at the event attended by some of Miami's top real estate professionals. 

“We are pleased to offer our clients, agents and corporate team members a larger convenient office location in Miami’s MiMo District,” said Jay Phillip Parker, CEO of Douglas Elliman Florida Brokerage, “We look forward to expanding our strong foothold in the district and welcoming new agents as we continue our expansion across Florida.”

The MiMo District office will be led by Managing Broker, Judith Corcos, who previously spearheaded the previous Miami Design District location, and will showcase area developments along with a portfolio of properties for sale throughout South Florida. The beautiful, modern office features handmade lighting fixtures by Marivi Calvo and Sandro Tothill of LZF, 3D paneled walls and selected art work to complimenting and paying homage to the historic yet growing cultural scene of Miami’s MiMo District and Miami Design District. 

“As we continue to recruit the best-in-class agents, we are excited to offer our current agents and future prospects a newly designed space located in the heart of South Florida’s evolving MiMo District,” said Judith Corcos, Managing Broker of Douglas Elliman’s Aventura, Bay Harbour and MiMo District offices.

One Sotheby's International Realty Recruits Star Agent Vivi Wolak As New Global Real Estate Advisor

ONE Sotheby’s International Realty announced the newest addition to their real estate team in a statement released last Friday. Vivi Wolak, luxury star and Latin American specialist, joins ONE Sotheby’s with close to a decade of experience in the industry and nearly $100 million in sales under her belt. Vivi’s experience spans a number of South Florida’s most sought-after areas including Sunny Isles, Aventura and Brickell and she is eager to take her expertise to the next level by strategically aligning with ONE Sotheby’s.

Wolak’s career began with pre-construction development sales, where she became a well-established and top producing agent in South Florida year after year, while simultaneously building a strong cultural reputation. Specifically, she built her rapport among the Brazilian community, in addition to being fluent in English, Spanish, and Hebrew. Her new role will involve representing buyers and sellers from around the world as a Global Real Estate Advisor. With this position, Vivi will not only have a wide-reaching network to her advantage, but she will also have the prestigious name of ONE Sotheby’s International Realty behind her.

“Vivi has earned a remarkable reputation both regionally and globally, and we are thrilled to welcome her to our growing power team,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “Vivi’s passionate approach to quality client relationships truly exemplifies ONE Sotheby’s’ core values. Coupled with her impressive track record and deep network with the Latin American market, she will be a vital addition as we continue to expand our reach.” Vivi Wolak’s strong work ethic, passion and trusted relationships have resulted in her international recognition and rapid rise to success.

Article By: Katya Demina & Alison Kupin 

Some Outraged Downtown Residents Have Made A Move Against The City of Miami For Ultra & Formula 1 Proposal

Not everyone can always be happy, no sooner then Miami had made strides on the world stage to host the Formula 1 Miami Grand Prix in the streets of Downtown Miami, had a group of 11 residents moved against the city. Some Downtown Miami residents have teamed up and sought legal council combatting the city hosting Ultra Music Festival in Downtown's Bayfront Park and the city's bid to bring a Formula 1 race to the streets of Downtown and PortMiami as early as October 2019. The residents, who live in 50 Biscayne and Epic, have sent a Cease and Desist letter to the city. The proposed 2.57-mile course would run through Downtown Miami's Biscayne Boulevard, American Airlines Arena and PortMiami. The letter alleges that both the Formula 1 Miami Grand Prix and "mega events" such as Ultra Music Festival and Rolling Loud Festival, all violate the City of Miami's noise ordinance, which in turn negatively affects the health of nearby residents and their property values. 

Ultra Music Festival has garnered much attention for the city of Miami, helping aid to boost property values and tourism. If looking at cities such as Monaco, property values on the race course have been boosted by popularity and a condo-hotel such as Epic benefits greatly from major events in near proximity. The noise ordinance clause has been used against other Downtown venues including the nightclubs behind Marquis Residences, Ten Museum, One Thousand Musuem, 900 Biscayne and Marina Blue. The difference between the two cases is one targets events which bring millions of dollars of benefit to the city and its taxpayers, typically operating during the day, while the clubs in question operate at late night hours with resident complaints coming between the hours of 2 am and 6 am with private prosperity. 

Ultra Music Festival was sold out in 2018 with a record-breaking attendance of 165,000 and over 30 million online streams. Ultra Music Festival is renegotiating their lease for hosting the festival in Bayfront Park, with Miami commissioners asking for rent to rise to $2 million. Ultra Music Festival currently pays around $1 million annually to host the festival at the site. Formula 1 does not yet have a deal in place, although city commissioners approved the race in a unanimous 5-0 vote in May 2018. Formula One has 500 million global fans and currently hosts 21 races across five continents which are broadcast to over 1.8 billion viewers. Hosting a Formula 1 Grand Prix's economic impact on Montreal is around $65 million and Formula 1 claims the Formula 1 Miami Grand Prix could produce over $700 million annually for the city. Set-up time could take up to 3 months while clean up would take 2-3 weeks. The city expects to be sued over the matter. 

American Dream Miami Approved To Bring America's Largest Mall To Miami-Dade

American Dream Miami has been approved for Miami-Dade and will become America's largest shopping mall. The project is expected to cost over $4 billion and will include 1.5 million SF of entertainment and amusement, over 2,000 hotel rooms, an entertainment complex, as well as another 3.5 million SF of retail. The amusement and entertainment section will include a ski slope, indoor water park, indoor roller coaster and a submarine ride. American Dream Miami will be located on a 175-acre triangle of wetlands and pastures at the unincorporated junction of I-75 and Florida's Turnpike near Hialeah. The project expects over 30 million visitors per year and the developers aim to generate interest by attracting people to the entertainment component to help drive the retail component.

American Dream Miami is being developed by Triple Five Group, the developers behind Mall of America in Minnesota and American Dream Meadowlands in New Jersey. The American Dream Miami proposal gained scrutiny from commercial developers such as Simon Property Group, General Growth Properties and Tubman Centers, who have created an opposition called the South Florida Taxpayers Alliance and aim to stop public funds from being contributed to the development of American Dream Miami.

In May 2017 American Dream Miami received its zoning approvals from Miami-Dade County commissioners but must complete environmental permitting before the developers can break ground. American Dream Miami's expected completion and opening is 2022. 

Watch The Full Panel From PROFILEmiami's "State Of The Sunny Isles Real Estate Market Event"

Local leaders, luminaries and real estate professionals converged at The Ritz-Carlton Residences, Sunny Isles Beach sales gallery on May 2, 2018 for an in-depth discussion about the state of the Sunny Isles Beach real estate market. Fortune International Group and Château Group, developers of The Residences, hosted the panel in tandem with real estate news outlet PROFILEmiami, spotlighting important insights about the City and its continued growth. Attendees of the breakfast event were locked in discussion about the strong retail and development growth that has taken hold in Sunny Isles Beach, including an analysis of some of the major factors that have contributed to the area’s recent construction boom.    

Panelists:

• Edgardo Defortuna, President and CEO of Fortune International Group
• Dana Goldman - City of Sunny Isles Beach Vice Mayor  
• Jorge L. Guerra Jr., President of the Miami Association of Realtors
• Boris Kozolchyk, Colliers International Executive Vice President
• Moderated By: Demetri Demascus, Founder PROFILEmiami 

Watch the video above or: https://youtu.be/fzwuJXa1h_4

Watch the Coffee Hour: https://youtu.be/pIrPpWrSUu8

Check out the full gallery and get the inside scoop from PROFILEmiami Present's "The State of The Sunny Isles Real Estate Market Panel"

Newgard Development Group Completes The Sold-Out Gale Residences Fort Lauderdale Beach

Newgard Development Group has completed the Gale Residences Fort Lauderdale Beach, the 129-unit hotel-condo project which is located at 401 Bayshore Drive and part of the Gale Boutique Hotel & Residences project. Closings are expected to begin soon with a roughly $100 million sell-out. The residential part of the project, Gale Residences, first received its TCO in May 2017 and the hotel component of the project is expected to open by the end of 2018. In total, Gale Hotel & Residences will feature 129 residential suites and 96 hotel rooms. Harvey Hernandez' Newgard Development Group partnered with Dev Motwani's Merrimac Ventures on the project and construction was financed via a $35.6 million construction loan provided by HSF.

The Residences portion of the project rises 12-stories and features 122-suites ranging from one to three bedroom layouts, 800 SF - 2,100 SF, as well as 7 two-story beach homes. Amenities include a residents-only pool, gym, club room, movie theater, valet and and electric car-charging stations. Pricing ranged from $450,000 to $1.4 million and sales first launched in early 2015.

Construction is currently underway at the adjacent Escape Hotel, which helped launch Fort Lauderdale into prominence as a vacation destination upon opening in 1951, as it is being restored as the hotel portion of the Gale Boutique Hotel & Residences. Newgard Development Group closed on a $19.15 million construction loan to renovate the aging structure in early 2018. The financing, a first lien construction loan, was provided by the Dallas-based HALL Structure Finances (HSF). Menin Hospitality will manage the hotel upon opening. 

Demolition Now Underway On Site Of Future Allan Shulman-Designed Hotel Tower in Downtown Miami

Demolition is now underway at 511 NE 15th Street where Mandala Holdings is planning to build a 40-story hotel tower designed by Allan Shulman. In May the developers received a demolition permit for the 4,457 SF of existing buildings on the 11,700 SF site, although a construction permit to proceed with the new tower has not yet been applied for. The new tower will rise 580' and feature 270 hotel rooms, a rooftop bar, office space and retail.  The tower's design will feature a unique curtain wall system of colored glass. The property, which is adjacent to the future site of Resorts World Miami, is located the main artery leading onto the Venetian Causeway and at the base of the Adrienne Arsht Center Metromover. Mandala Holdings purchased the lot for $8 million in 2016. PROFILEmiami previously reported that The Courtyard by Marriott would be the operating entity and that the project was expected to be completed by 2020.