Pritzker-Prize Winning Architect Zaha Hadid's Personal W South Beach Condo Sells For $5.75 Million
Pritzker-Prize winning architect Zaha Hadid’s personal Miami Beach condo located in the W South Beach has finally sold for $5.75 million. The oceanfront residence had originally been listed for $10 million unfurnished and was personally designed by the late Zaha Hadid herself, who is renowned for her innovative and geometrically appealing designs.
Pritzker-Prize winning architect Zaha Hadid’s personal Miami Beach condo located in the W South Beach has finally sold for $5.75 million. The oceanfront residence had originally been listed for $10 million unfurnished and was personally designed by the late Zaha Hadid herself, who is renowned for her innovative and geometrically appealing designs. The stunningly curvaceous southeast corner unit opens up directly to the Atlantic Ocean and offers 2,299 SF spread over 3 bedrooms and 4 bathrooms. The custom unit is a duplex combining two-floor plans, 2201 Collins Ave 728/26, complete with a sweeping corner balcony. At the time of sale the residence had been listed with Angelica Garcia & Ivan Chorney of ONE Sotheby’s International Realty’s Sports and Entertainment Division. David Pulley of Douglas Elliman’s Sports & Entertainment Division represented the buyer.
Photos via Jehovy with Zignavisual
Check Out ZOM's Newly Opened Stantec-Designed Solitair In Brickell
ZOM Living's new Stantec-designed Solitair is now open in Brickell after breaking ground in 2015. Solitair is located directly across the street from Brickell City Centre at 86 SW 8th Street. The 50-story tower, which broke ground in 2015, features a design inspired by the Medjool date palm tree.
ZOM Living's new Stantec-designed Solitair is now open in Brickell after breaking ground in 2015. Solitair is located directly across the street from Brickell City Centre at 86 SW 8th Street. The 50-story tower, which broke ground in 2015, features a design inspired by the Medjool date palm tree. Solitair features 438 residential rental units with luxurious finishes which range from studio, one and two-bedroom layouts with a selection of 2-bedroom penthouse suites. Amenities include a resort style swimming pool on the 50th floor, spa, billiard room, resident's lounge, business center, and a fitness center complete with an outdoor yoga area. The building also brings 6,200 SF of ground floor retail space and 463 parking spaces. Pricing starts at $1,293 /mo. and varies based on availibilty.
Extortion & MLS Manipulation: Inside Kevin Tomlinson Vs. The Jills Legal Battle
The drama has now wrapped up in a high-profile legal drama between real estate broker big-wigs Kevin Tomlinson of ONE Sotheby's International Realty vs. The Jills of Coldwell Banker, led by Jill Eber and Jill Hertzberg.
The drama has now wrapped up in a high-profile legal drama between real estate broker big-wigs Kevin Tomlinson of ONE Sotheby's International Realty vs. The Jills of Coldwell Banker, led by Jill Eber and Jill Hertzberg. While the legal proceedings have wrapped up, this is a case where there are no winners. Tomlinson was sentenced in August 2018 to an extended period of probation and has been banned from the real estate industry after being convicted on 2 counts of extortion. Tomlinson had threatened to expose The Jills for manipulation of Multiple Listing Service (MLS) property sales data unless they paid him $800,000 to keep quiet. Tomlinson will now endure 2 years of probation with an ankle monitor followed by an additional 15 years of probation. Tomlinson had faced 30 years in jail for his actions.
In the Tomlinson vs. The Jills case, The Jills took full responsibility for the manipulation, pinning the actions on a rogue employee, Juan Carlos Otoya, and claiming that they were unaware and don't use the MLS. The Jills had manipulated listings on the MLS 552 times between 2011 and 2015, erasing 23,740 days on market from the firm's listings sales velocity on over $372 million worth of property. Tomlinson had filed a complaint with the Miami Association of Realtors in regards to The Jill's inflated sales data. Despite the admission, neither Otoya nor The Jills have been punished or further investigated and it is believed that the drama behind the Tomlinson extortion case has overshadowed the MLS manipulation complaint.
Unexplored in the court proceedings, should The Jills have known of the manipulation, using the manipulated data to secure listings could constitute as fraud, defined "as the the wrongful or criminal deception intended to result in financial or personal gain." While the manipulation of MLS data can make a realtor look good to prospective clients, both buyers and sellers alike, the manipulation of MLS data can also effect everything down the line in the real estate industry such as home appraisal value, mortgages, and the accuracy of comparable sales data, which can be used from everything previously mentioned to an buyer's fair ability to make the proper choice of property and offer price based on data backed to be accurate. Additionally, their statements under oath that they were unaware of the manipulation could constitute perjury should they have made any references to the manipulated data previously during either showing, listing appointment or negotiation. There is currently no investigation made public into the matter.
Miami Voters Approve Hotel On City-Owned Watson Island As Part of Jungle Island Redevelopment
Miami voters have approved a new hotel to be built on city-owned land on Watson Island as part of a redevelopment of Jungle Island. 59% of voters said yes in support of waiving competitive bidding on the property to extend Jungle Island's lease to 2099 and approve the owners of Jungle Island to have the right to build a 13-story, 300 room hotel.
Miami voters have approved a new hotel to be built on city-owned land on Watson Island as part of a redevelopment of Jungle Island. 59% of voters said yes in support of waiving competitive bidding on the property to extend Jungle Island's lease to 2099 and approve the owners of Jungle Island to have the right to build a 13-story, 300 room hotel. The lease has an option for a 15-year extension. If built the hotel would be privately financed and would have a maximum height of 130'. The owners would provide the city with $750,000 towards the Affordable Housing Fund and $700,000 for maintenance to the adjacent Ichimura Miami-Japan Garden. Jungle Island now has 4 years to secure a master building permit and 6 years to complete construction of the hotel, the lease be void if either deadline is missed. The hotel will pay $250,000 in annual rent for the first 3 years of operation and $1.22 million or 5% of the hotel's total gross revenue thereafter. Jungle Island was purchased in 2017 for $60 million by ESJ Capital Partners.
Henley USA Closes On The Eurostars Vintro Hotel In South Beach For $20 Million
The Eurostars Vintro Hotel, located at 2216 Park Avenue in South Beach has sold in an off market deal for $20 million to Henley USA. The deal equates to roughly $400,000 per key for the 50-room hotel, which was previously owned by Encotel, LLC.
The Eurostars Vintro Hotel, located at 2216 Park Avenue in South Beach has sold in an off market deal for $20 million to Henley USA. The deal equates to roughly $400,000 per key for the 50-room hotel, which was previously owned by Encotel, LLC. The deal was overseen by Susan Gale of ONE Sotheby's International Realty, who represented both the buyer and the seller. The 25,931 SF hotel was originally built in 1934 and features a rooftop lounge with plunge pool, restaurant, garden area, lobby bar and solarium. The hotel is managed by Eurostars
Henley USA is the U.S. branch of the UK-based private equity firm Henley. Encotel, LLC. purchased the property in 2011 for $3.5 million. Henley closed on the Jefferson Hotel in Little Havana and the Jazz on Collins Avenue in South Beach earlier this year and plans to transform them into their high-end hostel concept known as Life House.
CAOBA Miami Worldcenter Reveals New Renderings As Tower Powers Towards Completion
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans.
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans. Residences feature 9' ceilings, contemporary design finishes, in-unit washers and dryers, and private balconies that open up to sweeping views of Biscayne Bay and the downtown Miami skyline. Amenities, including a pool deck overlooking downtown, a fitness center, a clubroom and an outdoor dog-walking lawn.
CAOBA was the first tower in the 27-acre, $2 billion Miami Worldcenter mega-project to top-off at 43 stories in Downtown Miami's Park West neighborhood. The transit-oriented rental complex is bringing 444 market-rate apartments to Miami’s urban core along with 888 parking spaces. CAOBA also will bring more than 20,000 SF of ground-floor retail space which will feature shops and restaurants, connecting Miami Worldcenter’s ‘High Street’ retail promenade and plaza to the east between Northeast 1st and 2nd Avenues.
The project was formerly known as the first phase of the Seventh Street Apartments and was co-developed by CIM Group with Falcone Group. CAOBA is located at 698 Northeast 1st Avenue and is one block from Miami Central, downtown’s new transportation hub and Brightline’s high-speed rail Miami terminal, which offers direct train service to Fort Lauderdale, West Palm Beach and Orlando. The 27-acre, 10-block Miami Worldcenter is one of the largest private real estate developments currently under construction in the United States. Miami Worldcenter features a diverse mix of urban land use, including high-street retail, hospitality, office and residential uses surrounded by world-class amenities and boasting convenient access to transit.
Check out the website: https://www.caobamwc.com
The 1.2 Million SF Zyscovich Architects-Designed Aventura ParkSquare Receives TCO
Aventura ParkSquare has received its Temporary Certificates of Occupancy (TCO) from Miami-Dade County as the mixed-use projects gears up to open to residents and commercial tenants. Aventura ParkSquare is being developed by Integra Investments and was revealed in 2014 before breaking ground in 2016.
Aventura ParkSquare has received its Temporary Certificates of Occupancy (TCO) from Miami-Dade County as the mixed-use projects gears up to open to residents and commercial tenants. Aventura ParkSquare is being developed by Integra Investments and was revealed in 2014 before breaking ground in 2016. The project was designed by Zyscovich Architects and the 7.4 acre project, which is located at Waterways Boulevard and NE 207th Street, is designed to promote a walkable lifestyle with ground floor activity and a shaded, interior main street pedestrian promenade. The project includes 1.2 million SF of total development spread over 5 buildings featuring a 9-story office and condo building, a 45K SF medical center, a 207-key Aloft Hotel, a senior housing building and a parking garage. Tenants include Starbucks, Doc B's, Barry's Bootcamp, and Delicious Raw Kitchen and Juice Bar.
PMG Converts 64 Units At X Miami Into The Guild Hotel In Downtown Miami
PMG is converting 64 units of the newly opened luxury apartment tower X Miami in Downtown Miami into a hotel component, to be known as The Guild Hotel. The Guild Hotel will occupy 4 floors of the 32-story building and guests will have access to the same amenities shared by X Miami residents.
PMG is converting 64 units of the newly opened luxury apartment tower X Miami in Downtown Miami into a hotel component, to be known as The Guild Hotel. The Guild Hotel will occupy 4 floors of the 32-story building and guests will have access to the same amenities shared by X Miami residents. X Miami is part of PMG's portfolio of X Social Communities and offers a program charged social community designed to promote engagement between residents and a social environment. Amenities include a state-of-the-art fitness center with spin studio, dog park, pool deck, outdoor cinema, cocktail bar, community kitchen, indoor screening lounge, self-serve mini-mart, co-working space, picnic courtyard, coffee house and social hall. Guests at The Guild Hotel will receive an entrance code to access the units and services include daily housekeeping and concierge services. X Miami was designed by CFE Architects with interiors by Antrobus + Ramirez.
Miami's UDRB Approves The 224-Unit Altis For Little Havana
Miami's Urban Development Review Board (UDRB) has approved the 224-unit Altis at 2100 SW 8th Street in Little Havana. The project will rise 8 stories and will feature 224 apartment rentals, 351 parking spaces and ground floor retail.
Miami's Urban Development Review Board (UDRB) has approved the 224-unit Altis at 2100 SW 8th Street in Little Havana. The project will rise 8 stories and will feature 224 apartment rentals, 351 parking spaces and ground floor retail. The developers received a 10% reduction in parking waiver. Altis is being designed by Anillo Toledo Lopez and being developed by Altman Development Corporation.
Check Out This Lavish Condo Which Is Currently The Highest Priced Listing In FAENA District's The Caribbean
A lavish condo owned by London based artist, Izabella Kay, which featuring her artwork throughout, has hit the market as the highest priced residence in FAENA District's The Caribbean condo building.
A lavish condo owned by London based artist, Izabella Kay, which featuring her artwork throughout, has hit the market as the highest priced residence in FAENA District's The Caribbean condo building. Asking $4.45 million, 3737 Collins Avenue S-1102 is a fully furnished, 3 bedroom, 3.5 bath condo featuring 2,326 SF feet of interior space and unobstructed ocean views from the 844 SF balcony. The home features marble floors, an exquisite double door foyer that opens to panoramic ocean views, a chef island gas kitchen and beautiful bathrooms featuring wood vanities. The residence also boasts a sensual master bath designed by Madonna’s brother, Christopher Ciccone. The Carribean's amenities include a private wine room, humidor, coffee lounge, pool, beach chair service, gym, a sitting area by the reflection pools. 3737 Collins Avenue S-1102 is currently listed for $4,450,000 with Ida Schwartz and Minette Schwartz with the Schwartz Team of ONE Sotheby’s International Realty.
Photos via MLS Real Estate Photography
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.