Miami Developer Avra Jain, Founder Of The Vagabond Group, Sells Venetian Island Home For $7.5 Million

Avra Jain, developer and Founder of The Vagabond Group, has sold her Venetian Island home for $7.5 million to California buyer, Mark Moses, CEO and Founder of CEO Coaching International. The property was completed in March 2019, it was been fully renovated with impeccable designs by Nandez D&D and features state-of-the-art smart home appliances. Located at 608 W Dilido Dr., the home was listed for $8.95 million with Allen Davoudpour of Compass & Filippo Incorvaia with Douglas Elliman. Jain paid $925,000 for the 10,500 SF lot in 2002. She recently renovated the property with Nandez D&D. It features Italian porcelain tile, white oak floors, a chef’s kitchen, wine cellar, and home automation. The property also includes a climate-controlled pool, a patio and private dock.

The impeccably-redesigned 2003-built residence sits beyond a gated entrance, offering the ultimate living comfort. The home is bathed in natural light with abundant floor-to-ceiling windows, the ambience is enriched by the finest upscale finishes including Italian porcelain tile on the main level and American white oak engineered wood flooring upstairs, Italian matte lacquered doors by BERTOLOTTO. The home features 5 bedrooms, 5 full bathrooms and 1 half-bath spread over 5,634 SF. Details include a floor-to-ceiling glass wine cellar, top-of-the-line Italian chef’s kitchen with cabinets by Scavolini and top-grade German appliances by Gaggenau, and an elegant bathrooms with double sinks and showers in the master suite. Outside features a climate-controlled swimming pool, waterside patio and lawn for entertaining, designer landscapes and lighting, plus private dockage for your boat, with direct access to Biscayne Bay.

Photos via Compass Real Estate

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Arte By Antonio Citterio Launches Sales In Miami's Exclusive Surfside Neighborhood

Arte by Antonio Citterio has announced its highly anticipated launch of sales in Miami’s exclusive Surfside neighborhood. Arte, which features 16 ultra-luxury residences located on an acre of pristine beachfront, rises 12-stories and is the most prestigious offering to debut in the world-class destination and is the first project in the United States by Italian master architect Antonio Citterio. As one of the most celebrated talents in architecture today, Citterio is the visionary behind the highly regarded Bulgari and Mandarin Oriental hospitality projects in Dubai, London, Milan and Bali. His new oceanfront condominium offers a rare and limited opportunity to own at one of his few residential designs in the world. Arte is located at 8955 Collins Avenue in Surfside, a coveted area nestled north of bustling Miami Beach and between exclusive Indian Creek, Bay Harbor Islands and fashionable Bal Harbour. Lauded as the next great American Riviera, Surfside is at the center of the city’s most vibrant cultural, culinary and shopping destinations.

“We are excited to be the first to introduce Antonio Citterio’s work here in the U.S. with Arte,” said Alex Sapir, Chairman of Sapir Corp LTD, whose Israel and New York-based subsidiary, SC 8955 LLC, is focused on luxury real estate and is developing the project. “The level of design, finish and detail that went into the building is unprecedented in the Miami market. Antonio is very creative and thoughtful in his work, and we feel his sophisticated aesthetic will be well received by buyers and the community.”

Residences at Arte are offered in three- to five-bedroom layouts and range in size from approximately 3,150 SF to 7,550 SF. Residences are designed for indoor and outdoor living with sweeping views of the ocean, the residences emulate a Mediterranean lifestyle with expansive terraces clad in travertine with ipe decking that seamlessly blend into modern, open living areas. Gracious kitchens feature Poliform cabinetry, Italian marble countertops and Gaggenau appliances.

Arte features a complete suite of resort-style amenities includes a 75’ indoor swimming pool, an outdoor swimming pool, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and a tranquil meditation pond. Additional facilities include a children’s playroom, residents’ lounge with billiards, catering kitchen for out-of-home entertaining and private temperature-controlled parking spaces. The property also features lush landscaping designed by Enzo Enea, one of the world’s leading landscape architecture firms.

Half- and full-floor residences are priced starting at $10.215 million. Sales are exclusively handled by Corcoran Sunshine Marketing Group. Closing at Arte are slated to commence in the summer of 2019.

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Multiplan Real Estate Asset Management Breaks Ground On 57 Ocean In Miami Beach

Multiplan Real Estate Asset Management has broken ground on 57 Ocean, an ultra-high-end, 18-story boutique condominium on Millionaire’s Row in Miami Beach. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean is already being singled-out by high-end buyers worldwide for its myriad of holistic wellness amenities and services. Dozens of industry leaders and top-producing broker-associates were in attendance for the April 4 groundbreaking ceremony, which included a champagne toast and an elegant brunch in the project’s $3 million, on-site sales gallery.  The 81-unit 57 Ocean is located at 5775 Collins Avenue and has been likened to a coastal retreat, blending extravagant design with an emphasis on healthy living. Moss & Associates is the general contractor for the project.

“This is a proud moment,” said Marcelo Kingston, Managing Partner, Multiplan Real Estate Asset Management.  “Even before putting shovels in the ground, the response from the market has been tremendous. We see the global interest in our project as being indicative of the demand buyers have…not only for sophisticated oceanfront living, but access to state-of-the-art features that are designed to bolster health and wellbeing. 57 Ocean is a rarity in the marketplace, and savvy, well-heeled consumers recognize that.”

The condominium is the brainchild of Multiplan Real Estate Asset Management’s leader, José Isaac Peres, an internationally recognized Brazilian developer and owner of major residential and commercial real estate holdings. Peres, who was in attendance for the commemoration, has longstanding ties to Miami, being the visionary behind a pair of landmark South Florida projects including the concept of Jade on Brickell Bay and the development of Il Villaggio on Ocean Drive.  During the ceremony, which was temporarily moved inside on account of rain, Peres spoke passionately about his company and its longstanding mantra. 

“Multiplan is known for going well beyond expectation,” said Peres.  “We believe in giving people more than what they ask for…and when we say we are going to do something, we do it.  Those are two of our pillars.  Even for today’s groundbreaking event, people wanted to know if we were going to postpone the celebration because of the weather…but despite the clouds, we moved forward.  Again, if we say we are going to do something, we make it happen…and our beautiful ceremony took place as planned.” 

“I’m very proud to be involved with Multiplan’s latest project,” said Edgardo Defortuna, CEO of Fortune International Group, parent company of Fortune Development Sales, the project’s exclusive broker.  “They always deliver on what they promise -- and even more.  During the opening party, Dr. Peres said he was going to start construction in April, and that’s exactly what he’s done.  As indicated by early sales, the market has really embraced 57 Ocean.  It’s a testament to the notion that when you have a quality developer producing a great product, the result will be a huge success.”

57 Ocean offers two, three and four-bedroom residences, ranging from 1,200 SF to 3,600+ SF; additionally, there are also two penthouses and two beach houses. The uniquely designed homes will feature expansive terraces, each stretching 12 feet deep with panoramic ocean and city views, glass balustrades, and one-of-a-kind ceilings with wood-like accents. Units will also feature contemporary Italian kitchens and baths by Poliform. Additional highlights within the residences will include marble countertops and backsplashes, 10-foot ceilings, Wolf and Sub-Zero appliances, Italian fixtures, natural stone floors, stone wall tiles in master baths, and private elevator entrances.

Amenities are comprised of a holistic wellness spa and pavilion, complete with a thermal suite (inclusive of a steam room, aromatherapy saunas, and an ice fountain), relaxation and meditation area, and a private spa suite; two expansive infinity pools; third-floor sunset deck; poolside treatment cabanas; a pool bar and social terrace lounge; summer kitchen pavilion with a grill area; a multi-purpose club room with chef’s kitchen for full gastronomic experiences; and a state-of-the-art fitness center with innovative MyIsle training equipment by MyEquilibria and an indoor Technogym fitness center. There will also be a library, children’s activity room, 24-hour concierge, valet and security services, and pool and beachfront concessions and attendants. Residents will additionally have direct access to 220 linear feet of beach and the adjacent, Miami Beach Walk. 

Pricing at 57 Ocean ranges from $1.5 million to $31 million with Fortune Development Sales as the exclusive residential brokerage. 57 Ocean is expected to be completed in September 2021.

Photos via Dylan Rives

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De Beers, the Legendary Home of Diamonds, Opens New Showroom At Bal Harbour Shops

The legendary Home of Diamonds, De Beers, has opened a new South Florida showroom at the Bal Harbour Shops. The new showroom marks De Beers’ third U.S. store location. The new store, full of airiness and light, will showcase wondrous pieces by De Beers, with 600 SF of space devoted to the legendary Home of Diamonds.

In celebration of its new Bal Harbour store opening, De Beers will be unveiling a new Enchanted Lotus malachite pendant in a world premiere ahead of its global launch in September. Sparkling with pristine diamonds, the serene flower blooms within verdant malachite, symbolic of abundance and growth, in natural synergy with the lush, green oasis that is Bal Harbour Shops. The Enchanted Lotus Malachite Pendant, featuring 18K white gold and approximately 0.3 carats of diamonds, will be exclusively available at the new Bal Harbour location for $2,750.

“There is much to celebrate with our reopening at the Bal Harbour Shops, the most inspiring mall in Florida” says Francois Delage, Chief Executive Officer, De Beers Jewellers. “Our clients in the US are some of our most loyal and Bal Harbour caters towards a very discerning international clientele that we wanted to delight in the right space.”

“Whilst our clients engage more and more across our digital platforms, we believe that our stores complement the overall experience and allow a very intimate and informative moment. After all, seeing the diamond with your own eyes inspires the emotion that we invite all our clients to feel. It is also here that you can benefit from the expertise and passion of our in-store Brand Ambassadors,” explains Delage.

Mast Capital Acquires The Quay Mixed-Use Shopping Center In Fort Lauderdale For $43 Million

Mast Capital has purchased The Quay, a 73,000 SF, mixed-use shopping center in Fort Lauderdale for $43 million. The property, which is currently 100% leased, includes major tenants such as the Boatyard restaurant, United States Postal Services, and Chipotle. Mast Capital acquired the property from Hudson Capital Group, Inc., and financed the purchase with a loan from CIT bank, N.A. Roberto Susi of Axiom Capital Advisors brokered the off-market transaction. The 6.97-acre site, which is located on the SE 17th Street commercial corridor, also includes a marina and a two-story office building. Acquisition of The Quay reflects Mast Capital’s strategy of identifying properties that display strong value-growth characteristics.

“This property generates strong in-place cash flows, which we believe has further upside,” said Camilo Miguel Jr., CEO and founder of Mast Capital. “The Quay’s unique waterfront location, proximity to major points of interest and frontage on the well-trafficked SE 17th Street corridor position it to benefit from Fort Lauderdale’s growing popularity as a city for people to live, work, and play.”

“With the property already 100 percent leased, the purchase provides Mast Capital with a strong, secure and long-term investment opportunity,” said Susi. “From its prime waterfront location to its remarkable accessibility to nearby attractions and transportation options, the property is and will remain attractive to tenants of all sizes.”

Tour An Ultra-Luxe $11.9 Million Fort Lauderdale Estate Complete With A Million Dollar Kitchen

Fort Lauderdale is home to some of the United State’s finest waterfront estates and 709 Idlewyld Drive raises the bar when it comes to luxury living. Located in Fort Lauderdale's prestigious Idlewyld neighborhood, the immaculate home offers an idyllic setting, panoramic views of the Intracoastal Waterway and easy ocean access by yacht. The estate is one of the largest private homes in Fort Lauderdale, offering more than 22,000 SF and 4 stories of impeccably designed living space with an expansive rooftop layout, including 7 bedrooms and 12 bathrooms and a separate 2-bed, 2-bath guest home. This estate features 2 family rooms, a movie theater, gym, den and a private executive office. The expansive master suite and master bath offers a luxurious, frameless, glass-enclosed shower and separate his and hers sinks and an expansive walk-in closet. The home is capped off with a $1 million custom made Downsview kitchen features beautiful white marble countertops and a double islands. Outside the estate features beautifully landscaped grounds with a pool and private dock with 160’ of waterfront that can accommodate up to a 140’ yacht.

709 Idlewyld Drive, Fort Lauderdale is currently listed for $11,900,000 with Niki Higgins of Douglas Elliman.

Photos via Douglas Elliman Real Estate

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13th Floor Investments & Adler Group Complete Construction Of The Transit-Oriented Motion at Dadeland Apartments

13th Floor Investments and Adler Group have announced that the firms have completed construction of Motion at Dadeland, a transit-oriented, 294-unit luxury rental community that is adjacent to the Dadeland North Metrorail Station in South Miami, FL. The project is now is welcoming its first residents with the successful receipt of the development’s TCO. Motion at Dadeland was developed in collaboration with Miami-Dade County Transportation & Public Works in an effort to curb’s the city’s congestion issues by motivating people to live and work near transit. The project was also developed in partnership with Barings LLC, one of the world’s largest diversified real estate investment managers, which owns the property on behalf of institutional investors. Civic Construction acted as general contractor and played an instrumental role in executing the project on time and under budget while both TD Bank and Santander Bank provided the construction loan on the project.

“The Downtown Dadeland submarket has become one of Miami’s most appealing areas for residential living,” said Michael M. Adler, CEO of Adler Group. “Motion at Dadeland provides residents the ability to enjoy the Dadeland area in a modern residential community while being directly connected to Brickell and Downtown Miami via the Metrorail.”

Motion at Dadeland was designed by Corwil Architects and rises 25-stories, offering 294 rental apartments and just under 8,000 SF of retail space. The building is a vibrant and modern multifamily community of studio, one-, two-, and three- bedroom apartments located in the heart of Miami at 8400 South Dixie Highway, Miami, Florida. Motion at Dadeland is a class-A multifamily development featuring condo-quality finishes with sweeping views of Biscayne Bay and Downtown Miami. Amenities include a modern lobby, double height amenity level on the sixth floor, fully-equipped fitness center with bay and skyline views, expansive pool deck, poolside cabanas, communal sun loungers, covered seating, media room, party lounge and a co-working center for its residents.

“Motion at Dadeland perfectly embodies what today’s renters are looking for: quality, connectivity and community,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “The success of this is project is a testament to what can be achieved through the collaboration of the public and private sectors. We appreciate the confidence that Miami-Dade County Department of Transportation and Public Works has shown in our partnership and in the future of transit-oriented development in Miami-Dade County.”

“Our partnerships with the private sector, transportation stakeholders and local governments have helped us to foster the development of transit-oriented projects, such as Motion at Dadeland,” said DTPW Director Alice N. Bravo, P.E. “Getting more people to live and work around transit is the ultimate solution for congestion because it helps grow ridership and creates more livable communities.”

Mike Zammitti, Head of U.S. Real Estate Private Equity at Barings noted, “Motion at Dadeland is a prime example of executing on our investment strategy - targeting class A development opportunities, in collaboration with best-in-class partners, in live-work-play locations within strong markets that are expected to outperform. Motion at Dadeland is an outstanding development and we look forward to our continued successful relationships with our partners in this endeavor.”

Aston Martin Residences Announces Sale Of First Penthouse As Total Sales Near 45%

G&G Business Developments has announced the sale of the first penthouse property at the Aston Martin Residences in Miami, increasing the total sales at the building to almost 45%. A buyer from the United States completed the purchase on a 9,680 SF ocean facing penthouse property located on the 58th floor of the luxury residences. Cervera Real Estate oversaw the transaction and is leading sales of the project, including the remaining seven penthouse residences that range in price from $16 million to $50 million for the building’s Triplex Penthouse. The sale was overseen by John Reza Parsiani of Cervera Real Estate.

“We’re pleased to announce the sale of our first penthouse property at the Aston Martin Residences,” said German Coto, CEO of G&G Business Developments. “This demonstrates the continued success and strong progression of our global sales operation.”

Located at 300 Biscayne Boulevard Way in Downtown Miami, Aston Martin Residences is expected to go vertical in July with a completion date in 2022.

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American Da Tang Files New Lawsuit Over Vacant CCCC Towers Site In Brickell

American Da Tang and Shanjie Li have filed a new lawsuit over breach of contract at the site of the formerly-proposed CCCC Towers in Brickell. The joint venture was under contract to manage the development in exchange for a 5% equity stake in the project. The site is also tied up in a lawsuit in Hong Kong over control of the site after Asia Allied Infrastructure Holdings Limited (formerly Chun Wo), who owns a 45% stake in the project, filed suit against China City Construction Group due to lack of progress at the site. Miami’s Unsafe Structure Panel issued an emergency order in March 2019 requiring the developers to fill in the 2-story excavation of the site which has sat vacant for over 10 years. The Arquitectonica twin tower design that was proposed would rise 1,069’ and would feature condos, hotel, office and retail space with a total development value of $875 million.

New Renderings Revealed For Naeem Khan Studios, The Designers New Headquarters & Fashion School On The Miami River

New York designer Naeem Khan, a celebrity designer who has dressed Beyoncé, Michelle Obama and Kate Middleton, has officially proposed Naeem Khan Studios as he plans to move his headquarters to Miami in conjunction with a high school dedicated for students to study fashion. The project, which is being designed by Alfonso Jurado Architecture, is located on the Miami River at 1175 NW S River Drive and the proposal was reviewed by the Miami River Commission’s Urban Infill and Greenways Subcommittee in March 2019. The proposal calls for two separate buildings with a total of 80,080 SF of development, 45,420 SF of which will be the 5-story studio building an 34,460 SF will make-up the 4-story school structure. Naeem Khan will use the studios as both a corporate headquarters and manufacturing facility while the school will operate as an extension of Miami Dade’s Design and Architecture Senior High, also known as DASH. The developers are asking for a 34% parking reduction from 70 to 46 spaces and they will lease off-site parking.