Graffiti-Inspired Bar Vandalo Wynwood Opens In Wynwood

Vandalo Wynwood, a new graffiti-inspired lounge/restaurant designed to test limitations, break boundaries, and create something new, has opened in Wynwood. The restaurant offers cuisine inspired by ethnic street food, elevated to the finest gastronomy. Vandalo Wynwood is a statement on its own, its a place where you're encouraged to be who you are and leave the ordinary behind. 

At Vandalo Wynwood you will discover the essence of Wynwood, Miami’s famous graffiti-art district. With gastronomy, mixology, art, and murals on the menu, Vandalo brings together Wynwood’s finest through this graffiti-meets-gastronomy movement. Vandalo Wynwood, a gangsta-sophisticate experience, demonstrates that the destruction of something, including one’s self, is also the creation of something new. Something better. Discover art in every corner with neon installations, artistic interior, and one-of-a-kind murals in our exterior by local artists. Choose from our vibrant palette of street-exquisite cuisine and specially crafted cocktails. Step into a deep trance and don’t think too much because when the music goes on, we put the world on stand by. Stay reckless, stay Vandalo. 

Vandalo Wynwood is located at 218 NW 25th St, Miami, and the hours of operation are Mon-Sun 12:00 PM - 3:00 AM 

New Tropical Modern Residence Planned On Hibiscus Island Lot Recently Sold By Moishe Mana

Plans have been filed for a new tropical, modern residence on Hibiscus Island after Moishe Mana recently sold the lot, complete with a historic home, located at 420 South Hibiscus. The home is designed by DOMO Architecture + Design and will be elevated above ground to combat rising seawaters and flooding. The home will be accessible by an escalator, elevator and grand staircase along with a glass atrium at the center of the home. The home will also feature 2 guest houses which will be separated from the main house via an elevated water lily pond with sunken seating. On the ground level there will also be a Bayfront infinity pool along with lush landscaping matched with additional water features. The home will be full of resort style amenities including a spa with steam room as well as offer unrestricted views of the Downtown Miami skyline. The developer is seeking approval from the Miami Beach Design Review Board to demolish the existing home as it was built in 1937 along with a waiver to surpass the 24’ height restriction.

Stantec Completes Interior Design For Muze at Met In Downtown Miami

Global design and engineering firm Stantec has completed the interior design of the new 43-story residential tower, Muze at Met in downtown Miami. Developed by ZOM Living and managed by ZRS Management, the 391-unit luxury high-rise is part of the Metropolitan Miami mixed-use complex located at 340 SE 3rd Street.

“We made the essence of the interiors come to life by merging urban elements with raw materials,” said Maureen McLaine, interior designer with Stantec’s Miami office. “Sleek metal and bold black accents were blended with stone, wood and leather, creating a natural, sophisticated design concept.”

The use of reclaimed wood, living green walls, and low VOC paints in the common areas signal the project’s adherence to green elements. The lobby is adorned with an undulating light fixture that cascades down to the white marble reception desk. A metal accent running through the dark wood lobby flooring ties the exterior to the interior, while a custom three-dimensional, floor-to-ceiling backlit metal panel screen serves as a focal point near the elevators.

The seventh floor amenity level includes a relaxation lounge with plush white sofas, polished black petrified wood end tables and decorative wooden slabs anchored by lounge rooms with living green walls, complemented by an adjacent two-story high bookmatched Calacatta Italian stone wall across the room. The fitness and wellness center offers a spa, sauna, steam room, yoga room and fully-equipped gym with top-of-the-line Peloton treadmills and TechnoGym fitness equipment.

A floating wooden staircase connects to the eighth-floor amenity deck featuring a clubroom and entertainment area complete with designer lounge furniture, large screen TVs and a billiards table. Surrounded by glass doors and floor-to-ceiling windows, residents can enjoy the pool deck views while experiencing the resort style pool with cabanas, outdoor lounge furniture and wet bar. Large custom art pieces dispersed throughout the amenity levels cohesively tie in with the raw materials and furnishings.In addition, the amenity deck features a 24-hour co-working and business center designed with wooden work pods and a separate conference room with glass doors. Other amenities include an indoor pet salon with grooming and washing stations, and a playground area decorated with custom dog-themed artwork.

Residences at Muze at Met offer studios, one-, two-, three-bedroom units and penthouses, featuring tile flooring throughout, European-style kitchen cabinetry and bathroom fixtures, a chef’s island and stainless steel appliances, including dual zone wine fridges.

The 714,000 SF mixed-use project also includes retail space, four restaurants, and an 18-screen Silver spot cinema.

Brickell Hotel Project Featuring AC Hotel By Marriott & Element By Westin Receives Construction Permits & Financing

A 24-story Brickell hotel project being developed by Robert Finvarb, which will feature both an AC Hotel By Marriott and the Element By Westin, has received its construction permits and financing. The development, which was designed by Arquitectonica, will feature a 264 key hotel component split between the 2 brands, 23,000 SF of retail, a rooftop lounge and 60 parking spaces. Construction financing came in the form of $67 million from City National Bank and $29 million in mezzanine financing from Summit Hotel Properties, the later of which will have the option to purchase the hotel from the developer.

The Ritz-Carlton Residences, Miami Beach Receives TCO And Commences Closings

Lionheart Capital, a Miami-based real estate development firm, has reached the home stretch of construction after receiving TCO approval for The Ritz-Carlton Residences, Miami Beach. Since launching sales, the project has become the largest residential adaptive reuse project in South Florida, the first full-scale architectural project in the U.S. by master Italian architect, Piero Lissoni and the only residential project in Miami Beach situated on over seven-and-a-half acres. Sales are currently at over 70% of the 111 units which offer 60 unique floorplans. Amenities at The Ritz-Carlton Residences, Miami Beach include a half-acre rooftop pool deck, ecological food forest and community garden, house yacht and 36-slip private marina. Additionally, the world’s first residential art studio and sharing room, medical concierge with celebrity author of The South Beach Diet, Dr. Arthur Agatston, social rooms, cinema, children’s room, and library further complement the Ritz-Carlton lifestyle. The Residences range in size from 2,000 SF to over 10,000 SF, priced from $2 million to over $40 million.

“Turning a set of massive historical structures into one cohesive modern masterpiece was no easy feat and our team has made it a tremendous success. The best things in life are worth waiting for and we have designed this project meticulously, taking the time to integrate the development seamlessly with the surrounding community,” said Ophir Sternberg, CEO and founding partner of Lionheart Capital. “The wait is finally over, and we are looking forward to welcoming residents to this exclusive real estate collector’s item, designed for life.”

“The excitement has been building with our residents and prospective buyers leading up to this much anticipated announcement,” according to Jay Parker, CEO of Douglas Elliman’s Florida Brokerage. “Unlike the buying habits of today’s market, where buildings are torn down every few years, this project has been curated as an investment for the long term, as an instant classic with only the finest architecture, best in class interior design, world’s first amenities of their kind and exclusive location that cannot be replicated.”

“Unlike other projects in the area, these residences feel like single-family homes instead of ‘cookie cutter’ condo units,” explained Jason Rosenhaus, Vice Chairman of Rosenhaus Sports Representation and buyer at The Residences. “My family and I are looking forward to begin moving in this month, as Lionheart Capital has spared no expense to ensure perfection and have made this irreplaceable home worth the wait.”

Photo Credit: Courtesy of The Ritz-Carlton Residences, Miami Beach

Avison Young Oversees PMG Acquisition Of Wynwood Portfolio For $46 Million

Avison Young’s Florida Capital Markets Group has overseen the closing of a $46 million sale of a prime-located portfolio to an affiliate of PMG, who recently completed co-living concept X Miami on Biscayne Boulevard in Downtown Miami and is currently developing X Las Olas in Fort Lauderdale. The Wynwood assemblage consists of seven properties in the heart of the high-growth, in-demand Wynwood neighborhood of Miami, located at 2431-2455 NW 2nd Ave., 146-172 NW 25th St., and 1159 and 169 NW 24th St. and spans ±1.6 contiguous acres. The portfolio sold to an affiliate of PMG Acquisitions, LLC, which has plans to build up to six stories of co-living apartments above single-story retail. Positioned at the epicenter of Wynwood, the portfolio is walking distance from the iconic Wynwood Walls, famed restaurants, entertainment, and high-profile office and residential developments.

“Explosive growth and high demand continue in Wynwood, making the large assemblage a one-of-a-kind ‘blank canvas’ opportunity,” said Crotty. “The extremely qualified investor-developer of high-quality residential has a unique co-living above ground-floor retail concept that fits perfectly within the neighborhood’s lifestyle and is expected to further enhance and beautify the area.”

Avison Young Principals John K. Crotty, CCIM; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; David Duckworth; Senior Associate Brian C. de la Fé; and Associate Myles Stepner completed the portfolio disposition, the largest sale to-date in 2019, in Wynwood. Peter L. Desiderio, Esquire of Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A., and Laura Bourne Burkhalter, Esquire of Laura Bourne Burkhalter, P.A., represented the sellers in connection with the transaction.

Miami Dolphins Break Ground On Best In Class Training Complex At Hard Rock Stadium

The Miami Dolphins have broken ground on their new, best in class training complex that will be located in one of the former parking lots at Hard Rock Stadium. The project is expected to cost $135 million to build. The 217,200 SF facility will feature multiple outdoor fields, a 92,200 SF indoor field, state-of-the-art weight room, locker room, hydrotherapy, recovery area with cryotherapy, rehab areas, dining hall, auditorium, meeting rooms, press area, office area, fan amenities, broadcast area and on-site medical equipment as well as the Baptist Sports Performance Clinic which will be operated by partner Baptist Health. The facility was designed by Rossetti and construction is being overseen Moss Construction. The complex is expected to be completed in Spring 2021. 

Melo Group Reveals Their Newly Proposed Arquitectonica-Designed Island Bay Project In Edgewater

Melo Group has revealed their newly proposed, Arquitectonica-designed Island Bay project in Edgewater where the developers have recently filed plans with the city. The project features 782 residential units spread between two 60-story, 648’, twin towers on Biscayne Bay. The residences are expected to be condos with a luxurious suite of amenities including multiple pools boarding Biscayne Bay and a multi-sports court. The developer would also build the Baywalk to comply with Miami21 as the city works towards its goal of connecting a baywalk spanning from Edgewater through the Brickell River. Melo Group has requested approval from Miami-Dade’s Shoreline Review Committee. The property is located between NE 24th Street and NE 23rd Terrace as well as NE 5th Avenue to the west.

Galium Capital Acquires Fountain Square II In Tampa With Joint-Venture Partner Owens Realty Capital For $29.4 Million

Galium Capital, a Miami-based private equity firm and its joint-venture partner, Owens Realty Capital, have acquired Fountain Square II, a curvilinear four-story office building in Tampa for $29.4 million. The joint-venture paid about $220 per square foot for the Fountain Square II office building in the Westshore area of Tampa. Herman Rodriguez and Ike Ojala in the Miami office of HFF brokered the transaction.

Fountain Square II was built in 1989 but has undergone over $2 million in capital improvements since 2015. The building is located at 4925 Independence Parkway, just two miles from Tampa International Airport. Fountain Square II spans over 133,887 square feet of interior space with 519 parking spaces. At the time of purchase Fountain Square II was over 93% leased with anchor tenants including CarePlus, ConnectWise and the Social Security Administration. Lease rates are roughly $30 per square foot.

Galium Capital and Owens Realty Capital also jointly acquired a 67,500-square-foot office building at 3001 PGA Boulevard in Palm Beach Gardens in November 2018 for $25.1 million, $372 per square foot.

The Aventura-based Galium Capital owns more than $300 million in commercial assets across the United States with asset management and property management performed in-house. Galium Capital invests in multifamily residential, retail, hotels and office space. Galium Capital is led by Jacques Bessoudo and Iser Rabinovitz.

Gazit Horizons Reveals 48-Story Brickell Gateway Tower Next To Brickell City Center

Gazit Horizons, a subsidiary of Gazit Globe, has revealed Brickell Gateway, their newly proposed 650,000 SF mixed-use tower which will be built next to Brickell City Center. Located at 90 SW 8th Street, Brickell Gateway will rise up to 48-stories and is expected to offer retail and office space as well as a hotel and residential component. A demolition permit for the existing structure has not been filed with the city. Gazit Horizons acquired the land in July 2017 for $29.5 milion. Cushman and Wakefield is expected to oversee leasing.