Worldwide Reggaeton Artist Nicky Jam Closes On Palm Island Contemporary For $3.4 Million
Nicky Jam, the Billboard and Latin Grammy award winning reggaetón singer, has officially purchased a home in Miami Beach’s Palm Island for $3.4 million. The sale was represented by Chad Carroll of Douglas Elliman.
Nicky Jam, the Billboard and Latin Grammy award winning reggaetón singer, has offically purchased a home in Miami Beach’s Palm Island for $3.4 million. The buyer was represented by Chad Carroll of Douglas Elliman and the home was listed with Mathieu Rochette of Compass Florida. The newly built residence offers 5 bedroom and 5 bathrooms spread over 3,617 SF. The land lot home also features an infinity pool, two-car garage, a chef’s kitchen with Miele appliances, and hardwood floors. Each of the three upstairs bedrooms comes with a walk in closet and the master suite features it's own large outdoor terrace. Included with the home is private access for residents to Palm Island Park with both tennis and basketball courts, community police 24 hours a day and a gated security coming on to the island. The home was listed for $3.6 million and was developed by Sabal Development, completed in 2016.
Nicky Jam has appeared in many reggaeton albums, currently holding the record for most appearances on various artist albums, In 2015, Nicky Jam won a Latin Grammy Award for Best Urban Performance "Hasta el Amanecer" was released on January 15, 2016 on the U.S. radio stations. Most recently, Jam, performed the official song "Live It Up" alongside American rapper Will Smith and Kosovar singer Era Istrefi at the closing ceremony of the 2018 FIFA World Cup in Moscow, Russia.
citizenM Hotel Coming To Miami Worldcenter in Downtown Miami
Netherlands-based citizenM, the pioneer of affordable luxury hotels, has announced plans to open a 348-key hotel within Miami Worldcenter, one of the largest private mixed-use developments underway in the United States, occupying 27 acres in the heart of the Downtown Miami.
Netherlands-based citizenM, the pioneer of affordable luxury hotels, has announced plans to open a 348-key hotel within Miami Worldcenter, one of the largest private mixed-use developments underway in the United States, occupying 27 acres in the heart of the Downtown Miami. The announcement marks the third Miami hotel citizenM has proposed over the last 12 months. Earlier this summer, citizenM filed plans to build a 20-story, 252-room hotel in the city’s Brickell Financial District. In October of last year, the company also signed on to operate a 168-room hotel in Miami Beach. The award-winning hotel brand enters Miami market, adding to outposts in global cities including New York, London, Amsterdam and Paris.
The 12-story hotel, which will comprise 128,000 SF along NE 2nd Avenue between 7th and 8th Streets, will include a 10th floor sun deck featuring a swimming pool and rooftop bar, along with a state-of-the-art fitness center and gym on the 11th floor. It will be located adjacent to Miami Worldcenter’s pedestrian-only, open-air shopping promenade, which will be lined with world-class retail, restaurants, and entertainment options. The hotel will also feature 1,850 SF for societyM, the brand’s signature creative spaces and meeting rooms, and a cloudM rooftop bar offering views of Biscayne Bay and the downtown Miami skyline. Gensler Architects will be responsible for the hotel’s design.
"citizenM's rollout strategy has always centered around following our guests - a group of modern travelers who frequent true live/work/play destinations within the world's gateway cities. We are very excited to join the Miami Worldcenter development, a transformative project that will offer a high quality mix of workplace, residential, dining, nightlife, shopping, conference, and transit outlets." Said Ernest Lee, Managing Director, Development & Investment for citizenM US.
Nitin Motwani, Managing Principal for Miami Worldcenter Associates adds: “We set out to create an economic driver and international destination, Miami Worldcenter, in the heart of Downtown Miami as well as a vibrant neighborhood that will draw locals and visitors alike. Welcoming citizenM to Miami Worldcenter expands our reach in being able to offer an affordable yet luxuriously-designed hotel within our ‘city within a city,’ and is in line with our grand vision, the likes of which Miami has never seen before.”
Miami Worldcenter is a $2 billion mixed-use mega-project coming to Downtown Miami led by Art Falcone, Nitin Motwani. 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.
A Bayfront Estate In Coconut Grove Once Owned By The Miami Heat's Alonzo Mourning Has Sold For $8.25 Million
3525 Anchorage Way, a bayfront estate located on the exclusive Anchorage Way in Coconut Grove which was previously owned by the Miami Heat's Alonzo Mourning has sold for $8.25 million.
3525 Anchorage Way, a bayfront estate located on the exclusive Anchorage Way in Coconut Grove which was previously owned by the Miami Heat's Alonzo Mourning has sold for $8.25 million. The home was listed for $11,999,000 with Bo Mastykaz of Douglas Elliman. The seller was George Thermiotis and is one of only five rarely available properties in the exclusive Anchorage Way community. The custom built home features open bay views throughout with 7 en-suite bedrooms and 8.5 bathrooms, all spread over 10,739 SF. The interior offers a formal dining room, staff quarters, library/office, gym, and a large master-suite with expansive walk-in closets and a bayfront soak-in tub. The luxurious residence also features rooftop access offering panoramic views of the Biscayne Bay. Outdoors comes with a bayfront pool and a private harbor with 3 boat slips with no fixed bridges, unobstructed bay access.
Enjoy the photo and video tour below:
Inside PROFILEmiami Presents An In-Depth Exploration Into Short Term Rentals In Miami & South Florida
PROFILEmiami, Miami's leading real estate news platform, presented an in-depth exploration into the controversial topic of short term rentals in Miami and South Florida. The sold-out event was attended by local leaders, luminaries, real estate investors, real estate professionals and many who have encountered Miami Beach's infamous short term rental fines.
PROFILEmiami, Miami's leading real estate news platform, presented an in-depth exploration into the controversial topic of short term rentals in Miami and South Florida. The sold-out event was attended by local leaders, luminaries, real estate investors, real estate professionals and many who have encountered Miami Beach's infamous short term rental fines. The panel was moderated by Demetri Demascus, publisher of PROFILEmiami, and featured Ben Breit of AirBNB, City of Sunny Isles Beach Vice Mayor Dana Goldman, Paul Liguori of Windsor Realty Partners and formerly of Rented.com, as well as Rodolfo Manzon of President of Spectrum Realty Group. The event was held at Hive at Brickell hosted by PROFILEmiami, Spectrum Realty Group and Game Day Skincare.
"The events we host allow us to directly engage the local community in a forum of open discussion exploring some of the most trending and controversial topics in Miami real estate today. We promote an atmosphere of open mindedness and education, while giving the public an opportunity to engage, interact and learn from some of the most influential minds in the industry. Our exploration into short term rentals brought one of the current hotbed topics in South Florida to the forefront of discussion where we had the privilege to hear from AirBNB directly in addition to local city, legal, tech, brokerage and investments leaders. The audiance's diverse backgrounds, mindsets and participation was exhilarating," said PROFILEmiami founder and publisher Demetri Demascus.
Photos via World Red Eye
Metronomic Place Mixed-Use Hotel Designed By CLAD Revealed In Coconut Grove
Metronomic Place, a new mixed-use project coming to 3280 Grand Avenue, has been revealed in Coconut Grove. The project is being designed by local architecture firm CLAD and will feature interiors by One Design Build.
Metronomic Place, a new mixed-use project coming to 3280 Grand Avenue, has been revealed in Coconut Grove. The project is being designed by local architecture firm CLAD and will feature interiors by One Design Build. Metronomic Place will rise 5 stories and will feature 5,000 SF of office space, 3,200 SF of ground-floor retail and a 44-key hotel. The hotel component will be all suite offering larger rooms with terraces and full kitchenettes. Amenities will include a landscaped roof terrace with pool deck. The project is being developed by Metronomic, Inc. who acquired the former car was property for $4.1 million. The office space will become Metronomic, Inc.'s new headquarters. Metronomic Place plans to break ground in September 2018 with an expected completion in 2019.
NBA Star Charlie Villanueva Sells Davie Estate For $2.25 Million
NBA star Charlie Villanueva has sold his home in Davie. The home was listed by Mario Stocco and Marc Brandt of Douglas Elliman Real Estate, has sold to a foreign buyer for $2.25M.
NBA star Charlie Villanueva has sold his home in Davie. The home was listed by Mario Stocco and Marc Brandt of Douglas Elliman Real Estate, has sold to a foreign buyer for $2.25M. Villanueva started his NBA career with the Toronto Raptors in 2005 at the age of 20 before later playin for the Milwaukee Bucks, Detroit Pistons and ending his career with the Dallas Mavericks where he scored a season high 26 points in a loss to the Los Angeles Clippers in 2015.
The home, which is located at 11091 Northstar St., Davie and was completed in 2016, is spread over 7,648 SF and offers 6 bedrooms and 7 bathrooms. The home also features a home office, theater room, elevator, billiard room, sauna, full home generator and security systems. The resort style outdoors is spread over the 35,000 SF lot and features a summer kitchen, pool, spa and water slides.
Dezer Development & Related Group Celebrate Top-Off Of Residences by Armani/Casa In Sunny Isles
The Residences by Armani/Casa is one step closer to completion as Dezer Development and The Related Group have announced that the tower has topped off at 649' and is now 80% sold. The development team and the tower’s general contractor, Coastal Condominiums, and executive architect, Sieger Suarez Architects, commemorated the topping off.
The Residences by Armani/Casa is one step closer to completion as Dezer Development and The Related Group have announced that the tower has topped off at 649' and is now 80% sold. The development team and the tower’s general contractor, Coastal Condominiums, and executive architect, Sieger Suarez Architects, commemorated the topping off of the 56-story contemporary glass tower designed by world-renowned architect César Pelli with a luncheon for over 500 construction workers, engineers and other contractors involved in the project. The project is expected to be completed in Fall 2019.
“This announcement is another major milestone for Armani/Casa’s first branded real estate project in the U.S.,” said Gil Dezer, president of Dezer Development. “We’ve always been proud of the special characteristics of this unique project, but seeing Residences by Armani/Casa coming to life and now in its final dimensions is a great moment."
“We are extremely pleased to bring the internationally-celebrated talents of César Pelli and Giorgio Armani to Sunny Isles Beach, further defining the city as one of the world’s leading addresses for elegant living and sophisticated design,” said Jon Paul Perez, Vice President of The Related Group. “Residences by Armani/Casa, with its world-class team of designers and architects, has already delivered a new dimension to South Florida’s ultra-luxury, high-end real estate market.”
Units at Residences by Armani/Casa range in size from 1,350 SF to 5,820 SF and are priced from $2 million to $17 million for the tower’s duplex penthouse. The Residences by Armani/Casa will feature over 35,000SF of incomparable amenities across two floors, all exquisitely designed and custom-furnished by the Armani/Casa Interior Design Studio under the artistic direction of Giorgio Armani. Appealing to the most sophisticated of buyers, Residences by Armani/Casa’s amenities include a Lounge on the lobby level and a Prive area, a fine dining restaurant, cigar room and wine cellar, heated swimming pool, ocean-facing fitness center, two-story revitalization spa with indoor and outdoor treatment rooms, movie theatre, and clubroom. The lush outside features exclusive beach amenities on a 300' stretch of private shore complete with a three-acre garden oasis designed by the tower’s award-winning Swiss landscape artist, Enzo Enea, as well as monumental sculptures by internationally recognized artists, Sandro Chia and Boaz Vaadia.
Check out PROFILEmiami's coverage of Residences by Armani/Casa
Two Roads Development Locks Down $138 Million Construction Loan For Elysee In Edgewater
Two Roads Development has officially secured a $138 Million construction loan for Elysee, their luxury condominium tower rising in Edgewater. The financing was provided by JPMorgan Chase Bank, National Association as construction teams have already taken the tower vertical.
Two Roads Development has officially secured a $138 Million construction loan for Elysee, their luxury condominium tower rising in Edgewater. The financing was provided by JPMorgan Chase Bank, National Association as construction teams have already taken the tower vertical. Latham & Watkins LLP represented Two Roads Development in the transaction with a team led by partners Robert Buday, Rachel Bates, and Diana Doyle. The loan comes as the development approaches the 50% sold mark, with unit sales representing more than $100 million in total transaction value. Vertical construction of Elysee commenced last month following the completion of the tower’s major foundation pour of more than 5,000 tons of cement for the building’s concrete mat. Located on Biscayne Bay at 788 NE 23rd Street, when complete Elysee will rise 57-stories with delivery expected in 2020.
“Construction is in full swing at Elysee and this financing will provide for the continued development and completion of the tower,” said James Harpel, Chairman and Senior Partner of Two Roads Development. “Elysee’s waterfront location, combined with Bernardo Fort-Brescia’s innovative architecture and Jean-Louis Deniot’s sophisticated designs, continues to resonate with local and international buyers alike in the form of strong presales – a powerful combination that has attracted a financing institution as prestigious as JPMorgan.”
Elysee is being developed by Two Roads Development in partnership with entities managed by New York-investment firm DW Partners. The tower was designed by architect Bernardo Fort-Brescia of Arquitectonica. The tower 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.
Construction Underway On Magic City Innovation District As Leasing Of Commercial Space Kicks Off
Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has commenced renovations on 17 of its 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses.
Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has commenced renovations on 17 of its 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses. Designs for the commercial spaces, which range from 300 to 14,000 SF, are spearheaded by a variety of local design firms, including McKENZIE and ELM Architects. MCID anticipates being ready to receive office, retail and other commercial tenants as early as September 2018. Metro 1, South Florida’s leading real estate brokerage, management and development firm, will handle leasing efforts for the 17 spaces, geared toward creative-style tenants that align and shape MCID’s atmosphere and further promote foot and auto traffic throughout the neighborhood.
“The majority of our team has been working behind the scenes for over a decade, and now, it’s finally a reality,” said Tony Cho, founder and CEO of Metro 1 and a MCID founding partner. “Soon you will be able to walk through Phases 1 & 2 of Magic City and experience how the vision behind the property interacts and attracts a true innovation ecosystem to Miami, while preserving Little Haiti’s unique character.”
MCID spans 6 city blocks and intends to redevelop the Little Haiti and Little River neighborhoods to create a walkable, campus-like neighborhood where individuals from all demographic backgrounds can enjoy a high-quality live, work, play lifestyle. With an emphasis on technology, sustainability, health and wellness and art and entertainment, MCID will contribute to the economic vitality of the area and enhance the appeal of the community. Phase two of the MCID development is the Forest of Curiosities park created in partnership with Lune Rouge, the Montreal-based enterprise founded by Cirque de Soleil founder, Guy Laliberté. The park promotes innovation, creativity and entrepreneurship and will have a central role in the curation and creative direction of Magic City’s arts and entertainment venues.
“Magic City’s long-term development schedule and unique large-scale format makes the leasing process totally different from what you’d typically see at a new construction project elsewhere in the city. We’re looking for retail partners who not only share our desire to reinvigorate the surrounding community with new energy, but also complement the area’s existing vibe,” said Andres Nava, Vice President of Commercial Leasing at Metro 1. “Finding the right balance can be challenging, but we’re determined to fulfill our promises and create something that will benefit the entire community, not just the development team.”
MCID is also offering short-term lease opportunities, with spaces ranging from 300 SF to 30,000 SF. One of the few large-scale event venues in the City of Miami, these spaces are now available to host local community events as well as large-scale national/international conferences.
Check Out How The $620 Million Renovation Of The The Miami Beach Convention Is Coming Along
The 3-year, $620 million renovation of the Miami Beach Convention Center is powering towards completion. The redesign, which features 500 aluminum fins which are influenced by ocean waves, was designed by Fentress Architects, Arquitectonica and West 8.
The 3-year, $620 million renovation of the Miami Beach Convention Center is powering towards completion. The redesign, which features 500 aluminum fins which are influenced by ocean waves, was designed by Fentress Architects, Arquitectonica and West 8. Miami Beach Convention Center features 1.4 million SF of total development including a 500,000 SF exhibit hall, 4 ballrooms and 127,000 SF of meeting space. The renovation will also bring a contemporary multimedia screen and futuristic lighting on the ballroom ceilings. Construction is expected to be completed by December 2018 for Art Basel and construction on the adjacent park, the final piece of the renovation, should begin shortly.
Imagery by Craig Denis
A newly completed seven-bedroom waterfront estate at 1155 Belle Meade Island Drive is coming to market with an announced asking price of $43.9 million.