Aston Martin Red Bull Racing Welcomes Formula 1 To Miami With Stunt On One Thousand Museum's Helipad

In anticipation of Formula 1’s first ever Formula 1 Miami Grand Prix, Zaha Hadid’s One Thousand Museum teamed up with Aston Martin Red Bull Racing to welcome the sport to Miami in style with a one-of-a-kind stunt. Ahead of this weekends US Grand Prix and Formula 1 Fan Festival in Miami, residents in Downtown Miami were greeted with engine roars, helicopters and tire screeching in the early morning of Tuesday as Red Bull ambassador and 13-time grand prix winner David Coulthard performed a shocking, smoking series of donuts atop the 62-story One Thousand Museum’s helipad, the only private residential helipad on the east coast.

One Thousand Museum by Zaha Hadid Architects is on track for delivery in 2019. The building is Zaha Hadid's first residential skyscraper in the western hemisphere and is being developed by Louis Birdman, Gregg Covin, Kevin Venger and the Regalia Group with Plaza Construction as the general contractor. One Thousand Museum's design features an exoskeleton design which acts as the buildings structural support. This allows the developer to remove columns from the units, creating expansive glass views of Biscayne Bay. The tower will feature only 83 units ranging from $5.5 million to over $20 million and 4,600 SF to over 10,000 SF. Amenities will include Miami's only private rooftop helipad, state-of-the-art fitness center, spa, two pools, indoor aquatic center, and a sky lounge.

Check out the exclusive footage below:

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Check Out The Newly Completed Park Grove By Terra & Related Group In Park Grove

Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the grand opening of Two Park Grove and Club Residences as One Park Grove pushes skyward. The Park Grove project is transforming the Coconut Grove skyline with architecture by Pritzker Prize winning architects OMA/ Rem Koolhaas. The towers feature exterior column exoskeleton design as opposed to interior columns, allowing sweeping glass wall views of Biscayne Bay directly out to the Atlantic Ocean. The building’s interiors are designed by Meyer Davis with kitchens and baths by William Sofield. Park Grove’s 3 towers are built around a 5-acre park-style initiative, the lush amenity deck featuring a sculpture park, amphitheater and 5-acres of private, serene, lush landscaping for residents to enjoy, designed by Enzo Enea. Park Grove will also features a new restaurant concept by Miami restauranteur Michael Schwartz, which he said will feature a wood-fire grill and is designed by Meyer Davis. 

Photos by Robin Hill Photography

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Wynwood BID Study Reveals Wynwood-Edgewater Needs Train Amid Fast-Rising Density

The Wynwood BID has completed a study which reveals that amid fast-rising density, Wynwood-Edgewater is more in need of a train station than Midtown Miami-Design District. The Wynwood-Edgewater area is looking at nearly 65 million square feet of new development according to urban planner Cesar Garcia-Pons, who conducted the study and is a former Deputy Director of the City of Miami Planning & Zoning Department. The Wynwood proposed Tri-Rail train station would be near 29th street while the planned Midtown Miami-Design District station would be located at 36th Street under the I-195 overpass. The Florida Department of Transportation (FDOT) has agreed to provide funding for half of the Midtown Miami-Design District station with the additional funds covered by the city and county. The Wynwood BID will now share the results of the study with City of Miami of elected officials, as well as members of the City administration for their consideration. The Wynwood BID initially endorsed the Tri-Rail station concept by way of resolution in May 2018, expressing willingness to work side by side with Tri-Rail, as well as City of Miami and Miami-Dade County leaders, to bring the service to the area with a centrally-located station.

“The Wynwood BID prides itself on implementing forward-thinking urban planning concepts in our growing district – and that includes doing our part to find solutions to Miami’s growing traffic challenges,” said BID Board Member David Polinsky. “We hope that our City of Miami and Miami-Dade County partners will take note of this new study and work with us to ensure that the booming Wynwood-Midtown-Edgewater area houses a permanent Tri-Rail station.”

“From an urban planning perspective, it’s important that any new transit stations in Miami’s urban core not only be located near vibrant, mixed-use residential and commercial communities, but also within a neighborhood or area that has the greatest potential for residential and employment growth,” said Garcia-Pons. “The results of the study make a compelling case for siting a commuter transit station a bit further to the south.”

Plans Filed To Bring 72-Key Hotel To 111 Wynwood

There is a new mixed-use hotel coming to Wynwood as 111 Wynwood LLC, an entity led by Eduardo Vargas and Andres Hogg, has filed plans to bring a 72-key hotel to the trendy neighborhood right near Wynwood Walls. The project will rise 5-stories and will offer a total development of 50,000 SF. The hotel will feature ground floor retail and restaurant space, co-working space, a rooftop pool, rooftop bar and restaurant and valet parking. Guests will be treated with smart technology enabled rooms with kitchenettes and available laundry, maid and concierge services. The modern, artsy facade is designed by Richter Dahl Rocha and Alain Bartoli is the architect of record. The construction costs are estimated to be around $8 million. The developers aim to break ground in 2019 and open the hotel in 2020.

ROVR Development Goes Vertical With Construction On The Fairchild Coconut Grove

ROVR Development has announced that the concrete pour for the first elevated deck at The Fairchild Coconut Grove has been completed. Cement trucks began the process of hauling in a total of 545 cubic yards of concrete for the day long pour which needed approximately 50 cement trucks as the first elevated deck for the project was formed. Ortega Construction Company, was onsite to supervise the pour and oversee the operation. The Fairchild Coconut Grove, which is located in the quiet Glencoe residential neighborhood at 3581 E. Glencoe Street, broke ground this past summer closed a $27 million construction loan with Ocean Bank. The general contractor for the development is Ortega Construction Company. The project is slated for completion in the fall of 2019

“We continue to move forward on schedule and are thrilled to be going vertical with our project,” said Oscar Rodriguez, Principal of ROVR Development. “The Fairchild Coconut Grove is the only new luxury residential construction rising directly on Biscayne Bay in the Grove, so this pour represents a major milestone for us as well as the community.”

“Ortega Construction is committed to building iconic and quality projects that will stand the test of time and we are excited to be working with ROVR Development to carry out their vision for The Fairchild Coconut Grove,” states Michael Ortega, President and CEO of Ortega Construction Company

Acclaimed local architect Max Strang designed this project which offers curated waterfront living that perfectly fuses contemporary elements with the natural surroundings and character the area is known for. The Fairchild Coconut Grove features 26 exclusive 2 to 4 bedroom residences ranging in size from 1,714 SF to 4,114 SF and a platform of unrivaled amenities and services. The expansive fully finished residences feature lanais with views of Biscayne Bay and verdant neighborhood landscapes; unique gourmet chef-inspired kitchens; spa-inspired bathrooms; spacious living areas and private outdoor showers in select units.

Architectural Digest AD100 designer Rafael de Cardenas designed the distinctive amenities for the project which include a holistic wellness spa with Hammam, steam room and sauna; high-tech training gym; rooftop pool with open bay views and private cabanas; and exceptional lobby with full-time concierge, 24-hour security and valet. Lush landscaping complete with serenity gardens, bay walk and jungle rainforest path offer consummate outdoor experiences that include a bayside lounge; sunset deck; outdoor cinema; private on-site dog park; private boat slips; resident bicycles; a floating dock with resident paddleboards; and kayak storage.

One Sotheby’s International Realty is exclusively handling sales and marketing for the property.

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Miami-Dade Commissioners Vote To Award $14.3 Million Construction Contract For Underline's Brickell Backyard

Miami-Dade commissioners have voted to award a $14.3 million construction contract to build the Brickell Backyard portion of the Underline. The 1/2 mile project will start at the Miami River and will continue through SW 13th Street under the Metrorail and Metromover, helping to bring green vegetation and park space to the dense, urban Brickell neighborhood. Brickell Backyard will feature dedicated pedestrian and bicycle trails, lush landscaping, a gym area with basketball courts and gym equipment, space for group fitness classes and recreational activities, a staging area for concerts and movies, dining areas and a game area with fixed tables and chairs. The project will also include the reconfiguration of the existing bus stations and intersections along the path. Brickell Backyard will be the first portion of the planned 10-mile Underline. Completion is expected in 2020.

Property Donated To Mt. Sinai Medical Center On Hibiscus Island Sells For $11.6 Million

320 S Hibiscus has sold for 11.6 million after the former owners donated the luxurious property to Mt. Sinai Medical Center. Douglas Elliman agents Eloy Carmenate and Mick Duchon agreed to a very reduced commission to represent the sale and all proceeds and most commissions earned will be donated to the hospital. 320 S Hibiscus Drive was donated to Mount Sinai Medical Center Foundation in 2003 via a life estate by the previous owners, who believed in enhancing the well-being of the community by supporting the medical center’s mission. The buyer, who was represented by Natalia Gryczynska of Douglas Elliman Real Estate, plans to develop 2 homes on the site. The property was originally listed for $13,950,000.

Founded in 1949, Mount Sinai Medical Center is the largest independent, private, not-for-profit teaching hospital in South Florida. One of the original statutory teaching hospitals in the state of Florida, Mount Sinai is the hospital of choice for those who seek the level of expertise and care that only a teaching hospital can offer. Mount Sinai currently offers ten convenient locations in Miami-Dade County and two cardiology offices in Monroe County.

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Concierge Auctions and ONE Sotheby’s International Realty to Sell $159 Million Florida Estate Without Reserve

Playa Vista Isle, a Neoclassical work of art, is spread out on five acres on one of the highest points of Florida's "Millionaires Mile," and is one of the most expensive real estate listings in the country at $159 million. The unique estate will sell Without Reserve at a live auction on November 15th via Concierge Auctions in cooperation with ONE Sotheby's International Realty.

Completed in 2018 and ideally located in Hillsboro Beach, which is midway between the metropolitan areas of Miami and Palm Beach, Playa Vista Isle is the only Ocean-to-lntracoastal Waterway estate on the entire Gold Coast to offer both 500± feet of private oceanfront beach as well as two deep-water docks.

With 11 bedrooms and 22 bathrooms, Playa Vista Isle's amenities include: the world's first private 3D-IMAX© in-home theater, a 20-car garage with secure tunnel access, 3,000± bottle wine cellar with individually-controlled temperature and humidity secured by biometric access with an adjacent tasting room, 4,500-square-foot heated infinity edge pool, a Jacuzzi perched 40 feet above the ocean featuring unobstructed panoramic views of the horizon, 13 water features including six waterfalls, and a putting green.

These unique features, among many others, establish Playa Vista Isle as oen of the most unique, premier properties in the entire country. Encompassing more than 58,000-square-feet, the property was carefully constructed using hand-selected finishes from around the globe highlighted with 22-karat gold leaf gilding. Playa Vista Isle was awarded the "World's Best Property”, “Best Residential Property-Florida”, and “Best Architecture Single Residence-Florida" by the International Property Awards.

Sean Murphy of Coastal Construction states, “Our client not only wanted a house with world-class finishes, he wanted a house built to last generations. At every stage of construction, no expense was spared. A house this size with the same spare-no-expense approach, ultra-high-end finishes, and over-the-top unique features like an IMAX theater, could easily have construction costs in excess of $100 million for the building itself.”

The property is a piece of structural art that cannot be replicated, which makes it very difficult to value and lends itself well to the Concierge Auctions platform.

Article by: Stephanie Warren

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River Landing Shops & Residences Unveils Waterfront "Restaurant Row" On The Miami River

The already under-construction River Landing Shops & Restaurants, being developed by River Landing Development including the Coral Gables-based UrbanX Group and Coralee Penabad along with H&R REIT, and Matthews Southwest, have revealed a waterfront “Restaurant Row,” further engaging the Miami River. The project, which is located at 1400 NW River Drive, will offer 25,500 SF of leasable restaurant space to bring 7 restaurants ranging from fine dining, family-style, cafes and fast casual concepts. River Landing Shops & Residences originally broke ground in March 2017 and will bring a total of 2 million SF of total development including 528 market-rate apartments, 2,200 parking spaces and a large retail component featuring a Publix, Chase Bank, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores and a Hobby Lobby. The project will also bring plenty of green space to the area including a 50’ wide linear park with Savino & Miller Design Studio as the landscape architect for the project. River Landing Shops & Residences was originally designed by Jonathan Cardello of Stantec with BC Architects as the architect of record. Completion and opening is expected for early 2020.

University Bridge Residences Closes On $231 Million In Bond Financing

University Bridge GP, LLC, a partnership between between Miami-based Global City Development, RER Ventures and Toronto-based Podium Developments that is developing the off-campus 20-story student housing rental tower University Bridge Residences, has closed on a $231 million bond issuance. The bond represents the largest financing of its kind for an off-campus student housing building in the United States. University Bridge Residences is located directly across from Florida International University (FIU) where the funding will provide $50+ million in scholarships over 40 years to and as per the terms of the agreement, Florida International University will also take ownership of the building upon completion of the bond payments in 2058.

“Today’s bond issuance is a major milestone and an especially proud moment as we come one step closer to delivering a new residential and retail landmark for Florida International University and the surrounding neighborhood,” said Brian Pearl, Principal of Global City Development. “As the largest financing of its kind, it gives us enormous satisfaction that the bond investment community recognized the obvious need in the marketplace for student housing and that this project will benefit FIU for many years to come.”

University Bridge Residences broke ground in June 2018 and is being built by Coastal Construction Group and designed by Arquitectonica. Construction crews started the foundation last month, and the project is slated to be completed in time for the 2020-2021 academic year. University Bridge Residences will serve the school’s rapidly growing student population’s housing demand which is the fourth-largest university in the United States by enrollment, with more than 55,000 students, but only 8% of the student body lives in college owned, operated or affiliate housing. The project rises 20 stories and features 886 units along with 7,000 SF of commercial space.

“We specifically chose to use this method of funding to serve both the project and the community for generations to come,” said Diego Procel, Principal of Global City Development. “University Bridge Residences will introduce a new paradigm in the area and we are excited to welcome our student residents in the near future.”

Christopher Kallivokas, Managing Member of RER Ventures added, “This extraordinary project could only have happened with the cooperation, vision and foresight of the President and the Board of Trustees of FIU in conjunction with the City of Sweetwater Mayor and City Commissioners.”