Check Out The Newly Revealed Renderings Of The RTKL-Designed Plaza Coral Gables

New renderings have been revealed of Plaza Coral Gables, the largest project to ever be built in Coral Gables, valued at over $600 million. Construction on the project, which was formerly proposed as Mediterranean Village by developer Ralph Sanchez, is currently underway after Phase 1 broke ground in Summer 2018. The Plaza Coral Gables is now being developed by Agave Ponce, LLC., an affiliate of the Cuervo Tequila Company. The Plaza Coral Gables, which was designed by RTKL, will offer over 2.1 million SF of total development spread over roughly 7 acres. When complete the project will offer 174 luxury rental apartments, 242 hotel rooms, 161,000 SF of retail, 447,000 SF of office space spread over 2 towers and 2,400 parking spaces. A completion date for Phase 1 is expected in 2020 before the developer will break ground on Phase 2 and Phase 3.

Emilio & Gloria Estefan List Their 1 Star Island Guest Estate For $32 Million

Famed Musician and Producer Partners Emilio and Gloria Estefan have listed 1 Star Island Drive, a coveted Miami Beach estate located on the prestigious Star Island. Priced at $32 million and listed with RelatedISG International Realty, the sprawling residence sits atop 58,332 SF of prime waterfront land. The one-of-a-kind property has been owned by the Estefan’s as their guest home for more than 20 years. To conceptualize the next evolution of the estate, the Estefan’s have collaborated with award-winning architect Carlos Ott to craft an innovative concept that will nod to the property’s rich history while embracing a fresh new design.

“We are thrilled to be working alongside Emilio and Carlos to list the One Star Island estate,” said Alex Vidal, President of RelatedISG International Realty. “The property showcases the best of everything Miami has to offer – stunning waterfront views, unparalleled luxury, and now, a once-in-a-lifetime creative partnership.”

“This breathtaking estate has been a very special place for our family and friends, and it offers a level of safety, privacy and elegance that is simply unmatched,” said Emilio Estefan.

The estate’s main house, a sprawling, two-story Floridian-style home, features five bedrooms, four full bathrooms and one half bath. The elegant residence boasts a spacious living room with a fireplace, a private dining area, a graceful piano room and a large kitchen with breakfast room. The second-floor master suite features a romantic master bathroom with a cast iron pedestal sunken tub and flaunts a sweeping private veranda that overlooks the backyard. The property also includes a separate, private three-bedroom, three-bath guesthouse which sits at the front of the property near the gated entrance. The guesthouse features a large center courtyard with covered loggias and seating areas, a living room with soaring 30’ ceilings, a combined kitchen/dining area and a spiral staircase that leads to the family room.

Out back, the estate features 240’ of water-frontage complete with unobstructed views of both Biscayne Bay and downtown Miami. Additional amenities include a private dock with electric boatlift, an expansive pool terrace, a jacuzzi, an outdoor gazebo and 24-hour Star Island security.

For more information about 1 Star Island, private showings or purchasing/ leasing information please fill out the form below:

Brickell Flatiron Now 87% Sold, Reduces Deposit Requirements To 30%

Sales at Ugo Colombo’s CMC Group’s Brickell Flatiron have reached 87% of its 527 units and the developer has lowered deposits to 30% as it aims to capitalize on recent local and domestic buyer interest and leverage Fannie Mae loans to attract end-users. There have been $290 million in total sales to date as the tower is on track to be completed this summer 2019. U.S. buyer activity at Brickell Flatiron was reportedly up 114% from 2017 to 2018, with domestic buyers spending $50 million at the building last year alone, which accounts for more than half of all sales. This marks a shift from 2-3 years ago, when the market was dominated by Latin American buyers. The shift has been fueled by US buyers have more purchasing power due to tax cuts and a strong dollar; financing is more readily available as buildings near completion; and tax savings are driving buyers to value markets like Florida.

“The enhanced purchasing power that comes with a strong U.S. dollar, the tax advantages of Florida residency, and Downtown Miami’s growing appeal as an urban, cosmopolitan district are all contributing to an influx of domestic buyer activity at Brickell Flatiron,” says Vanessa Grout, president of CMC Real Estate.

“With the tower’s completion now months away, we’re looking to markets like New York, Chicago, Boston and Los Angeles for our final sales push, making the case that Miami offers tax savings, comparative value for high-end residential product, and an unbeatable quality of life,” Grout added. “Since we have reached sales targets in line with construction milestones and our loan is closed and covered, we are in the position to relax deposit requirements. That decision – coupled with the building’s Fannie Mae approval – will offer buyers even more reason to put down roots at Brickell Flatiron.”

Upon its completion, Brickell Flatiron will be the tallest condominium south of New York City. With its distinct flatiron shape and curvilinear façade, the Luis Revuelta-designed building topped-off construction at 736’-tall in December 2018 and is on track to deliver in summer 2019. Units range from 1 to 5 bedrooms starting at $500,000 and ranging up to $15.5 million for penthouses. All units will be adorned with the finest finishes, including Italian-made custom cabinets, stainless steel appliances, Italian marble floors, high ceilings with recessed lighting, custom Italian doors, energy-efficient windows, and glass balcony railings. Brickell Flatiron's amenities include an 18th floor amenity deck with a resort style pool, 24-hour concierge, billiard and cigar room, wine cellar, valet, electric car charging stations and a 64th-floor rooftop that will feature a Sky Spa, Sky Pool and Sky Gym along with stunning 360 views of Biscayne Bay, Brickell, Downtown Miami, Coral Gables, etc.

For more information about Brickell Flatiron, private showings or purchasing/ leasing information please fill out the form below:

57 Ocean Releases New Renderings Ahead Of April 4 Groundbreaking On Miami Beach

57 Ocean, the ultra-high-end oceanfront residential project by Multiplan Real Estate Asset Management on Miami Beach, has revealed new renderings just weeks after opening its state-of-the-art-on-site sales gallery in anticipation of the projects April 4 groundbreaking. 57 Ocean will feature 81-units and has a unique focus on holistic wellness, capturing the spirit of a luxurious coastal retreat while coupled with an emphasis on healthy living.The contemporary light-filled homes, amenities, and common areas are crafted by Brazilian architect and designer Patricia Anastassiadis, drawing inspiration from the boutique condominium’s beachside setting, blended with an artful feel that is distinctly her own. The building was designed by the Miami-based architect Arquitectonica.

“57 Ocean’s lavish designs reflect the carefree nature and joyfulness of the Brazilian lifestyle – all while capitalizing on the residences’ adjacency to the beach and views of the Atlantic Ocean and cityscape,” said Anastassiadis, founder of Anastassiadis Arquitetos. “Through the implementation of sophisticated materials and handmade elements -- as well as the careful selection of art and design pieces, like Oscar Niemeyer’s modern furniture and Janaína Tschape’s contemporary art -- 57 Ocean will undoubtedly become a point of reference for top architecture and design in the Miami Beach area for generations to come.”

Residences will feature expansive terraces, each stretching 12’ deep with panoramic views, glass balustrades, and one-of-a-kind ceilings with wood-like accents.. Residences will also offer contemporary Italian kitchens and baths by Poliform, marble countertops and backsplashes, 10’ ceilings, Wolf and Sub-Zero appliances, Italian fixtures, natural stone floors and wall tiles in master baths, and private elevator entrances.

Amenities consist of outdoor massage and meditation rooms, an outdoor yoga deck, and a beautifully appointed wellness pavilion and spa with sweeping views. The spa features a thermal suite complete with a steam room, aromatherapy saunas, and an ice fountain, relaxation and meditation area, and a private spa suite. 57 Ocean will have two expansive infinity pools, a third-floor sunset deck, poolside treatment cabanas, a pool bar and social terrace lounge, summer kitchen pavilion with a grill area, and a multi-purpose club room with a chef’s kitchen for full gastronomic experiences. There will also be a state-of-the-art fitness center, connected to a terrace with a pool, equipped with top-of-the-line MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. Additional amenities and services include a library, a children’s activity room, 24-hour concierge, valet and security, pool and beachfront concessions and attendants, and direct access to the adjacent, brand-new Miami Beach Walk.

“The vision for the spa area came from a holistic approach -- blurring the lines between the indoors and outdoors,” added Anastassiadis. “From a design point of view, the furniture will not only add splendor to the setting, but complement the building’s relaxed atmosphere and strong connection to the environment – both trademarks of 57 Ocean.”

Prices for two, three and four-bedroom residences in 57 Ocean, including two penthouses and two beach houses, will range from $1.5 million to $31 million. Fortune Development Sales is the exclusive sales and marketing brokerage for the project.

Check out PROFILEmiami’s full coverage of 57 Ocean

Renderings via DBOX

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

America's Southernmost Marina Key West Harbour Sells For $39.5 Million

Key West Harbour, the southernmost marina facility in The United States located in Key West, Florida, totaling 13.1 acres, has sold for $39.5 million. Avison Young Principal George Vail represented the seller, iStar Inc. Key West Harbour is located on Stock Island, a transformative tourist enclave in Key West, emerging with luxury hotel, boating, and recreational fishing. George Vail describes the property as a rare high-quality asset that offers strong in-place cash flow and potential for rent increases and redevelopment opportunities. Key West Harbour, located at 6000 Peninsular Ave., Key West, is also Key West’s sole hurricane grade, dry rack storage facility.

“Stock Island has traditionally been known as a commercial fishing destination and is emerging as a tourist, luxury hotel, boating, and recreational fishing mecca,” said Vail. “Key West Harbour is a rare high-quality asset that offers strong in-place cash flow and potential for rent increases and redevelopment opportunities.”

Key West Harbour was completed in 2008 and features 99 wet slips, 375 indoor dry racks, 13 outdoor dry racks, and six workforce and market rental apartment units. The class A hurricane rated marina also offers several amenities including a clubhouse featuring a full-service restaurant and pool, event space for weddings, and a private beach.

“After Hurricane Irma, there was an initial pause with the influx of investments within the Keys,” added Vail. “Economic advantages and geographic anomalies remained, and activity has significantly rebounded.”

Check Out This Stunning Tri-Level Penthouse At Ten Museum Park Complete With A Rooftop Pool

One of the crown-jewel, tri-level penthouses at the luxurious Ten Museum Park by Oppenheim Architecture + Design, one of Downtown Miami’s most prestigious buildings and the first built in Park West in 2007, has hit the market for $5.6 million. The home comes included with furnishings by Axel Vervoordt who was touted by Kanye West as a “Master of Time” in a recent interview with The Hollywood Reporter. The one-of-a-kind three-level penthouse features 24’ ceilings with five bedrooms, five-and-a-half bathrooms, an open chef's kitchen, two media rooms and a private rooftop deck with a plunge pool. The residence, which spans 5,241 SF, encompasses the entire South East corner of Ten Museum Park’s Tower with expansive views of Biscayne Bay, South Beach and the Atlantic Ocean; additionally, the building located in Downtown Miami’s Arts & Entertainment District in close proximity the American Airlines Arena, Perez Art Museum and the Phillip and Patricia Frost Museum of Science.

1040 Biscayne Blvd, PH4602 - Ten Museum Park is currently listed for $5,600,000 with Miltiadis Kastanis and Dina Goldentayer of Douglas Elliman Real Estate.

Photos via Douglas Elliman Real Estate

For more information about 1040 Biscayne Blvd, PH4602 - Ten Museum Park, private showings or purchasing/ leasing information please fill out the form below:

Bravo's Million Dollar Listing Star Fredrik Eklund & John Gomes Launch Miami Team With Douglas Elliman

BRAVO’s Million Dollar Listing NY star Fredrik Eklund, John Gomes, Julia Spillman and their team at Douglas Elliman, The Eklund | Gomes Team celebrated the launch of their team’s expansion into Miami Beach at the Soho Beach House Rooftop. Making an official mark in Miami Beach, the team hosted an exclusive VIP party alongside Howard M. Lorber, chairman of Douglas Elliman, Scott Durkin, President and COO of Douglas Elliman and Jay Phillip Parker, CEO of Douglas Elliman Florida. Showing support for the dynamic duo’s newest business venture, Victoria Secret Supermodel Vita Sidorkina and husband Valerio Morabito were spotted at the private soiree. City of Miami Beach Commissioner Michael Gongora presented Eklund and Gomes an official “stamp of approval” gifting the team an official Welcome Certificate to the City of Miami Beach on behalf of the Mayor and Vice Mayor of Miami Beach.

Douglas Elliman agents, clients and developers were in attendance including Miami-based, Terra president and developer of Eighty Seven Park, David Martin, who hosted Eklund and Gomes earlier in the day at the luxury beachfront condominium designed by Pritzker Prize-winning architect Renzo Piano.

Earlier this year, Eklund and Gomes celebrated the launch of their team’s expansion into Los Angeles at The Waldorf Astoria Beverly Hills during a rooftop sunset party. The Eklund | Gomes Team at Douglas Elliman currently consists of 52 team members across New York City, Los Angeles and now, Miami Beach with addition of top Miami Beach agents Pietro Belmonte, Jorge Sanchez, Darin Tansey & Dan Hechtkopf.

Take A First Look Inside The Shoreline At LeFrak & Turnberry's Solé Mia Mega-Project

The Shoreline, Solé Mia’s first two residential towers, has revealed a first look at the completed project where move-ins have begun. Jointly designed by Miami-based Arquitectonica and Robert M. Swedroe Architects, the Shoreline consist of two 17-story towers with 397 rental residences with studios, one, two and three-bedroom layouts. The Shoreline overlooks Sunny Isles, Oleta State Park, Biscayne Bay and the Atlantic Ocean. Amenities include two residential lounges, fitness center, business center, automated package rooms, a pool deck with jacuzzi, and access to South Florida’s first 7-acre Crystal Lagoon, Laguna Solé, which is set to open this Spring 2019.

The Shoreline is the first two towers of what will be 12 towers, 500,00 SF of retail and commercial space, a 225,000 SF University of Miami Health Center, all anchored around South Florida’s first 7-acre Crystal Lagoon, Laguna Solé, at the $4B, 184-acre master-planned community, Solé Mia. Solé Mia will ultimately be a 183-acre master-planned community with the entire development expected to take over 10 years to complete. In total Solé Mia will feature 4,300 residential units, retail, entertainment and recreation. Solé Mia is being developed by the NY-based LeFrak in collaboration with the Miami-based Turnberry Associates led by Jeff Soffer.

Miami Beach's Historic Seymour Hotel Designed By B. Kingston Hall Has Sold For $2.2 Million

Miami Beach’s historic Seymour Hotel has sold for $2.2 million after being on the market for 5 weeks with a closing in just 30 days. Designed by famed art deco Architect B. Kingston Hall in 1936, the tropical art deco building features 17 rooms, 12,414 SF total, and is in the center of the nation’s only historic district composed entirely of twentieth-century structures. The property is located at 945 Pennsylvania Ave, 2 blocks from South Beach’s exclusive Ocean Drive and near high-end hotels, apartments and restaurants. Manny Chamizo III, Global Commercial Director of ONE Sotheby’s International Realty, represented the seller.

Photos via Manny Chamizo / ONE Sotheby’s International Realty

The Comras Company Tabbed To Lease 300K+ Square Feet Of Retail At Miami Worldcenter

The Forbes Company and Taubman Centers, Inc. have tabbed The Comras Company to help lead retail leasing at Miami Worldcenter. The Miami-based commercial brokerage will represent over 300,000 SF of retail leasing including restaurant and entertainment space at the 27-acre, $2 billion mixed use mega-project which is currently under construction. Miami Worldcenter is located between NW 1st Avenue and NE 2nd Avenue as well as NE 6th Street and NW 11th Street. Retail spaces range from 400 SF to over 50,000 SF. With PARAMOUNT Miami Worldcenter, the mega-development’s luxury condo tower, targeting closings beginning this summer, the retail component is expected to open by the end of 2020.

While Taubman Centers and The Forbes Company have a global focus, The Comras Company will help bring a local expertise to the leasing effort which will target entertainment concepts, theaters, sports bars, breweries, fitness center operators, food hall operators, restaurants, lounges, coffee shops, salons, speciality fitness operators and spas. Comras Company will also pursue fashion, athleisure, cosmetics and beauty retailers. Miami Worldcenter will be represented by Michael Comras, President and CEO of Comras Company, as well as Jeff Evans and Michael Silverman.

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, the completed CAOBA rental tower, a 348-room CitizenM hotel, the soon-to-break-ground Luma rental tower, a 45-story office tower being developed by Hines and 365,000 SF of high-street retail.

For more information about commercial leasing at Miami Worldcenter, private showings, availability or more information please fill out the form below: