Construction At OKO Group's Missoni Baia Goes Vertical In Edgewater

OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, has announced that the foundation work for Missoni Baia is now complete and construction crews have taken the tower vertical. The foundation includes 190 piles totaling 12,160 linear feet, more than 345 tons of steel-reinforcing bar, and 2,250 cubic yards of concrete, the equivalent of 225 full drum-loads in a cement mixer truck. Crews are now working on the installation of columns and shear walls is underway for the building’s expansive amenities deck and parking garage, which will include space for 398 cars and 17 private parking stalls. Construction is on track for the expected completion in late 2020 with crews pouring one floor per week.

“We are extremely pleased with Missoni Baia’s progress to date and look forward to seeing the tower’s contemporary architecture take shape on this unique waterfront location overlooking Biscayne Bay,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are certain the building will have a profound effect on the Miami skyline, in addition to offering an elevated and unparalleled living experience in Edgewater, which is already one of the city’s most sought-after residential destinations.”

“We look forward to the steady ascent of the Missoni Baia tower as it rises to become a formative addition to East Edgewater and the Miami skyline," said Jonathan Goldstein, CEO of global real estate investment firm Cain International, and OKO Group’s partner. “With OKO Group and Cain International’s combined experience, developing over 20,000 apartments and condos across the globe, Missoni Baia will deliver first class luxury and amenities in an iconic Miami skyscraper."

“The Missoni Baia project continues to resonate well with the domestic market and also with international buyers, particularly those from Mexico, Colombia and Brazil. It is a great confidence boost to see the progress made and we are excited to witness the daily changes on site as construction climbs skyward.” said Edgardo Defortuna, president and CEO of Fortune Development Sales.

Missoni Baia will feature 249 condo residences situated along 200' of frontage on Biscayne Bay at 777 Northeast 26th Terrace. Prices start in the $500,000's for a 1 bedroom residence. Units range from 1 to 5 bedrooms, and 776 SF to 3,788 SF. Missoni Baia will rise 57-stories, 649', and was designed by Hani Rashid of Asymptote Architecture, who are pioneers in the convergence of art and technology in architectural design. The interior design of the building incorporates Missoni’s trademark colorful design palette and Missoni Home furniture collection in inventive ways, including in all public spaces and amenities. Amenities were designed in collaboration with Missoni and offer the comforts of a luxurious resort in a private residential setting. Features include a flow-through deck designed for all-day sunbathing with well-appointed cabanas, 5 swimming pools including an Olympic-sized lap pool, hot and cold plunge pools, a children’s pool, and an infinity-edge pool on the Bayfront Terrace, elevated tennis court and an expansive fitness center and spa overlooking the bay. The drone construction video can be found below:

PMG To Bring Waldorf Astoria Hotel & Residences To 300 Biscayne, Set To Become Miami's Tallest Tower

PMG, S2 Development, and Greybrook Realty Partners will build Miami’s tallest tower at 300 Biscayne, which will also feature Miami’s first Waldorf Astoria Hotel & Residences. The 1,049’ tower is being designed by Sieger Suarez and is expected to have a sell-out over $1 billion. The Waldorf Astoria Hotel & Residences will feature 140 hotel rooms and 400 condos. PMG is expected to wait until the luxury condo market stabilizes to launch sales of the condo portion of the project. The project will be the first in Miami to feature the Waldorf Astoria brand which is owned by Hilton Worldwide Holdings, Inc. Downtown Miami has seen a surge in luxury condos in the past few years with a selection of high-end offerings since the completion of Ten Museum Park in 2007, which the first of its kind in the neighborhood which now includes One Thousand Museum, Aston Martin Residences, Marquis Residences, Epic Hotel & Residences, amongst others.

Petition to Annex Two of Six Islands Along Venetian Causeway

Residents of San Marco and Biscayne Islands are circulating a petition to move the islands outside of the jurisdiction of the city of Miami and into Miami Beach. The two artificial islands are located on the westernmost side along the Venetian Causeway, between South Beach and Downtown.

The Miami-Dade County planning board and county commissioners would consider the petition if 20 percent of residents signed it, but county code would also require a residents vote on annexation.

According to Diana Fontani, a resident of Biscayne Island, 13 percent of the 370 households have signed the petition. One benefit of annexation would be lower property taxes, which residents of Belle Isle, Di Lido, Rivo Alto and San Marino islands enjoy. Parking fees are also lower on the Miami Beach side of the Venetian.

Another incentive is the desire for better policing, code enforcement and city services. Residents have complained that the city of Miami’s government has been unresponsive to complaints of neglected lots on the island. Lastly, families on the islands want access to after-school programs in Miami Beach that are much further away in Miami.

Despite local support, modifying city boundaries is a long and complicated process. The city of Miami is unlikely to want to part with these high-value homes, just as Miami Beach would welcome the higher tax base. City commissioners have referred the idea to the finance committee for a preliminary study of the financial impacts.

Article by: Katya Demina

Inside Canarias At Downtown Doral's Exquisite Luxury Homes With Jim Carr of CC Homes

There are few projects under construction in the United States where an entire live, work, play city complete with community programming, a variety of residential options, schools and diverse retail are coming to life. One such project is coming to Downtown Doral. The $1 billion, 250-acre master-planned community will feature single-family homes, townhomes, apartments, condos, nearly one million square-feet of office space and 180,000 square-feet of retail when complete, along with a City Hall and charter school. PROFILEmiami had the exclusive opportunity to tour the community with veteran developer Jim Carr, a partner at CC Homes who is one of the developers building Downtown Doral’s first luxury single-family offering, Canarias at Downtown Doral. Driving around with Carr, the recent popularity of Downtown Doral was clearly visible with students flooding the sidewalks on their way home from school and families filling the retail and recreational areas.

“What my partner Armando Codina has done creating Downtown Doral is spectacular. He curated an excellent mix of retail, offices, green spaces… and a variety of residential offerings were always part of the vision. CC Homes completed 52 luxury townhomes in 2016, and we saw how hot the area had become. There was a need for family friendly residences in a walkable urban neighborhood. Downtown Doral’s charter school also emerged as extremely desirable. When the adjacent White Course property became available, so did the opportunity to expand Downtown Doral, so we bought it to provide that single-family home component,” explains Carr, who has been developing in South Florida since 1976.

Canarias at Downtown Doral will be the community’s very first offering of single-family home residences with 423 single-family estate homes, as well as 52 townhomes in a mosaic of seven residential collections. Homes range in size from three to six bedroom floorplans and single-family homes are priced from $590,000 to $1.5 million, with townhomes starting at $630,000. The streetscapes between the homes will be lushly landscaped and add to a feel of tranquility and community, promoting a friendly, family community.

“Canarias is the only place in Miami where you can get an urban single-family home. We’ve designed these homes so that they offer plenty of space for growing families and so that you can expand beyond your yard, without getting in your car,” Carr continued.

CC Homes recently launched a selection of model homes which PROFILEmiami was able to tour including the Bali, Fiji and Maui. Upon entering, the size of the homes becomes evident where buyers will find well thought-out layouts that maximize living space while also allowing privacy for a large family to live together without feeling on-top of each-other. Jim Carr explained the thought that goes into the design including high-ceilings, 4’+ wide staircases, 8’+ interior doors, garages, and outdoor space which elevate the home’s level of luxury and livability. Carr also explained that as developers they do not cut corners, delivering homes with Italkraft cabinetry along with Wolf and Subzero appliances. Outdoors many of the homes come with summer kitchens as well as stunningly landscaped pools and garden areas.

Other major perks he mentioned are that buyers receive preferred access to Downtown Doral’s A+ rated charter school, access to the Residences Clubhouse complete with pool, tiki hut, cabanas, and fitness center; as well as a complimentary social membership to Trump National Doral Miami, home to the Blue Monster golf course, with a luxurious spa and three restaurants.

Construction Underway At The Perkins + Will-Designed 1212 Lincoln

Construction is now underway at Crescent Height’s Perkins + Will-designed 1212 Lincoln in South Beach where construction crews have already begun foundation work. The project will feature 70,000 SF of retail including a brand new Wells Fargo Bank and over 400 parking spaces. A second phase on the adjacent lot will bring a 50-room CitizenM hotel, additional retail and a food court. 1212 Lincoln will help expand Lincoln Road across Alton Road westward. 

KIPANY Marketing To Relocate To Downtown Fort Lauderdale After 40 Years In NYC

KIPANY Marketing, the firm which handles marketing for The New York Times, Disney, Comcast, Verizon and Sears, is relocating to Fort Lauderdale after 40 years in NY as the exodus of business and wealth from high-tax northern states continues as they gravitate towards Florida’s income tax-free structure. The company purchased 2,143 SF office space on the water in Nu River Landing for $2.15 million, $1,003 SF, at 511 SE 5th Avenue, Fort Lauderdale, marking the highest price sold in the building. Filippo Incorvaia of Douglas Elliman Real Estate represented the buyer, Kip Colligan, Co-Founder & COO of KIPANY, in the real estate purchase. The original listing price was for $3,200,000 offered with pre-approved plans to build a mezzanine level which would have extended the area to 4,923 SF but KIPANY purchased the property without the plans. After a substantial build out, the space will serve as the new executive headquarters for the company who handles direct marketing services.

Record Breaking Penthouse Sale Recorded For 1 Hotel & Homes South Beach

A new record breaking sale has just closed at 1 Hotel and Homes South Beach as PH-1609 has sold for $11,500,000, or $3,233 SF. The price reflects a new record price per square foot for 1 Hotel and Homes South Beach and is the second highest price per square foot sale in Miami Beach in nearly 3 years. The buyer is Ronald Haft, CEO of Combined Properties Inc., from Beverly Hills, CA, who was represented by Michael Toomey of the Toomey Team at Keller Williams. PH-1609 was represented by Tracy Galya, Director of Sales & Zaida Dudash, Sales Executive of Douglas Elliman Development Marketing, who is the exclusive sales and marketing firm for the property. 1 Hotel & Homes South Beach is located at 102 24th St. and is now 92% sold.

Penthouse 1609 offers 3,557 SF of indoor living space with an additional 730 SF terrace spread over 3 bedrooms and 3.5 bathrooms. The residence is designed and furnished by Debora Aguiar and Artefacto, creating a mindful connection between people and nature. The attention to detail is evident throughout the stunning interiors which take inspiration taken from the penthouse’s coastal setting. Interior finishes include limestone and teak accents to silver travertine and white quartz, every design element soothes the senses.

The Borges Architects + Associates-Designed Megacenter Brickell Gearing Up To Go Vertical

Megacenter Brickell is gearing up to go vertical as foundation work is nearing completion and the developer has filed with the FAA for crane installation. Megacenter Brickell is being developed by Red Megacentro and is designed by Reinaldo Borges of Borges Architects + Associates. The project will feature 74,790 SF of storage space, 57 residential units spread over 45,080 SF, 16,670 SF of office space, 9,134 SF of retail and 111 parking spaces. Megacenter Brickell is located at 420 SW 7th Street, Miami.

Mill Creek Residential Reveals Modera Biscayne Bay In Edgewater

Mill Creek Residential has revealed new renderings for Modera Biscayne Bay, their new 30-story rental project coming to Edgewater. The developer has filed plans to bring utilities to the property which is located at 411 NE 21st Street at the current Unity On The Bay Church property adjacent to PARAMOUNT Bay. Modera Biscayne Bay will feature 296 apartment rentals, 11,000 SF of retail and an 8-story parking garage for a total development of 650,000 SF. Residences will range from studio, 1, 2 and 3-bedrooms. The project is being designed by Corwil Architects. Amenities will include a 28th floor pool deck, both indoor and outdoor pools, fitness center, dog park, pet spa, business center, theater room, resident's lounge and a business center with a cyber café offering computer stations and conference rooms.

Lennar Files Plans For Wynwood Green, A Rental Project Replacing Wynwood Yard

America's largest homebuilding, Lennar (LEN), has submitted plans to build Wynwood Green, a 189-unit rental apartment complex at the site of Wynwood Yard. The project would rise 11-stories on the 1.26 acre site and is designed by Dorsky + Yue. Wynwood Green would bring 189 apartments, 324 parking spaces and 16,768 SF of commercial space. Lennar is requesting to build an additional 3-stories then zoning allows via ca contribution to the Wynwood Public Benefits Fund. The developer, Lennar Multifamily Communities, is currently under contract to purchase the site which would also be their first multifamily project within the city of Miami. The proposal was recently presented to Miami's Urban Development Review Board.