Douglas Elliman Celebrates Grand Opening Of New Duplex Palm Beach Office In Royal Poinciana Plaza

Douglas Elliman continues to expand its presence in South Florida and the Palm Beach market with the opening of a new office in Palm Beach’s Royal Poinciana Plaza located at 340 Royal Poinciana Way, Suite M302. The two-story, 3,539 SF location houses the firm’s 125 Palm Beach agents along with additional office space for new recruits and marketing operations.

The firm marked the occasion, its continued growth to more than 1,100 agents and 22 offices throughout Florida and continued expansion into new regions, with a grand opening celebration on November 14th hosted by Douglas Elliman’s Executive Chairman, Howard M. Lorber, Chief Executive Officer, Dottie Herman, President and COO, Scott Durkin, Chief Executive Officer of Florida Brokerage, Jay Phillip Parker, COO of Florida Brokerage, Gus Rubio and Managing Broker of Palm Beach, Jupiter and Wellington, Don Langdon. 

“We are extremely proud of our Palm Beach agents and the tremendous success they continue to achieve in one of the most exclusive markets in the world,” said Jay Phillip Parker, CEO of Douglas Elliman, Florida, “We are excited to see our current agents and future prospects utilize this expansive new space, offering state-of-the-art technology and tools for real estate associates in the renowned Royal Poinciana Plaza.”

The Royal Poinciana Plaza office will be led by Managing Broker, Don Langdon, who spearheaded the previous Palm Beach location, and will showcase developments in the area along with a portfolio of properties for sale throughout Florida.

“I am honored to work alongside some of the most successful agents who are known nationally for their record breaking accomplishments,” said Don Langdon, Managing Broker of Douglas Elliman’s Palm Beach, Wellington and Jupiter offices. “The new space, coupled with the most advanced tools, technology, marketing and public relations offered to our talented agents, allows them to better service our clients and continuously prosper. I’m extremely proud of this team and look forward to contributing to the further growth of the Florida brokerage.”  

The new office setting features fine art photography by the famed Gray Malin, who recently released a series of photographs influenced by the old-world glamour of Palm Beach including a print of the $110 million record breaking sale of La Follia, represented by Palm Beach agents, Ashley McIntosh, Gary Pohrer, Lisa Wilkonson, Cara McClure and Adam McPherson. Unique wood paneled ceilings are seen throughout the expansive floor plan with an array of private offices and two conference rooms featuring dHive glass, known for creating professional private environments that offer seamless accessibility to open work spaces where professionals can collaborate in a communal setting.

“We are excited to celebrate the reopening of Douglas Elliman in their new location at the plaza. The Royal Poinciana Plaza is home to an eclectic mix of world-class tenants, from food and fashion to specialty services and beyond, said Lilly Leas Ferreira, General Manager of The Royal Poinciana Plaza.  "Whether someone is shopping for a new dress or a new house, tenants like Douglas Elliman help us offer our guests endless opportunities to experience the Palm Beach lifestyle.”

Mandala Proposes BLUR Workshop-Designed Courtyard By Marriott in Downtown Miami

Mandala Holdings has submitted new plans to Miami’s Urban Development Review Board for a 31-story Courtyard By Marriott hotel tower in Downtown Miami’s Omni district at 511 NE 15th Street. The proposal will be reviewed at a meeting by the UDRB on November 20. The hotel tower is designed by the Atlanta-based BLUR Workshop and will feature 269 hotel rooms, 16,131 SF of office space and 28,261 SF of entertainment space split between conference rooms, ballrooms and restaurant space. No parking component will be built as part of the development and will be provided offsite.

Plans Submitted For Paraiso Place To Bring 279 Rental Apartments To Edgewater

Metro Edgewater, LLC., led by Colombian developer Carlos Ortiz, as submitted plans to Miami’s Urban Development Review Board for Paraiso Place, a 279-unit apartment building coming to the recently opened Paraiso district in Edgewater. A hearing has been scheduled for November 20, 2019. The tower, which will be located at 433-449 NE 30th Terrace and 430-452 NE 31st Street, will rise 32-stories, 373’, and will offer rental apartments, a change from the bulk of the Paraiso district which sold as condos. The project will also bring 4,063 SF of ground floor retail and a pedestrian promenade along NE 31st street with lush landscaping and street furniture, designed to act as a gateway for pedestrians from Biscayne Boulevard into the Paraiso District. The plans submitted call for 300 parking spaces although the developers have requested a 30% reduction in parking as per zoning requirements. The parking platform will feature a metal louver screen adorned with geometric artwork by the Miami-born artist Johnny Robles. Paraiso Place is designed by Pablo Burgos of Burgos Lanza Architects & Planners with landscape architecture by James Socash, all in collaboration with David Polinsky’s Fortis Design + Build.

CIM Group & OneWorld Properties Go Vertical At Mixed-Use Wynwood Square

Two tower cranes are now installed at 2201 N Miami Ave. where CIM Group and OneWorld Properties have gone vertical with the Stantec-designed Wynwood Square. When complete the mixed-use development will feature 2 towers rising 12-stories complete with 257 residential rental apartments complete with a full suite of amenities, 60,000 SF of office space, 27,000 SF of ground floor retail and 480 parking spaces. The development partnership was able to lock-down a $71.2 million construction loan from Sumitomo Mitsui Banking Corporation and completion is expected at one point in mid-2021.

Venetian Island Spec Home Designed By Quincoces-Dragò Sells For Record $15.55 Million

A spec home located at 802 West Dilido Drive on the Venetian Islands has sold for a record $15.55 million. The five-bedroom, 5,600-SF  home at sold for approximately $2,750 PSF after it hit the market in March 2019 for $16.85 million. 802 W Dilido LLC paid $4.1 million in 2016 for the 10,500 SF lot. The developer of the newly completed home lives nearby and has been recognized by Architectural Digest. Dina Goldentayer of Douglas Elliman represented the seller, and Elliman’s Miltiadis Kastanis brought the buyer.

The $15.55 million sale is the highest price paid for a house on the Venetian Islands since former Formula One driver and spec home developer Eddie Irvine sold the 7,300 SF spec home at 126 West San Marino Drive for more than $17 million in May 2018. A year earlier, WhatsApp investor Jim Goetz paid $22 million for the seven-bedroom, 11,600-square-foot home at 212 West Dilido Drive.

At 802 West Dilido Drive, Milan-based, Architectural Digest 2019 Designer of the Year Quincoces-Dragò & Partners created a timeless experience on the Venetian Islands, intersecting light and space in Miami’s natural landscape. The facade of board-formed concrete, louvers and coral stone is the epitome of organic modernism. Multiple courtyards and terraces create a tropical dimension where interiors transition seamlessly to the exterior. Programming includes a grand 1,200 SF master, upstairs lounge, cinema room, airy living areas, and balanced guest rooms & staff quarters. Outside, the resort yard offers covered seating and dining, Summer kitchen, new dock & lift, and a 40’ infinity pool to revel in Western views of sunsets and downtown nightscapes.

The Mess At Melreese Golf Club Gets Worse As Miami Freedom Park Gets Delayed Again

There is just no telling where the supposed deal to bring a professional soccer stadium to Miami will end up after Miami city commissioners voted on Tuesday to continue negotiations with the group, led by Jorge Mas of MasTec, in regards to the projected $1 billion mixed-use office and retail project. Although Miami has a state-of-the-art stadium in Hard Rock Stadium, Inter Miami CF has decided that they need a dedicated soccer stadium to accommodate what are expected to be masses of fans, albeit one that is decidedly much smaller than the capacity Hard Rock Stadium could accommodate. It was proposed to voters that they could “vote to bring a soccer stadium to Miami along with a public park” where the public Melreese Golf Course currently operates, which passed in 2018.

Since then plans have changed significantly. The public park portion has been significantly scaled back to being a nearly non-existent part of the planned development. In fact, the 25,000 seat soccer stadium would potentially not even sit on the same lot if built. What is planned, should negotiations work out, is a massive private office park matched with a retail mall and a hotel. Those negotiations though are getting pushback from commissioner Manolo Reyes as well as local opponents such as Bruce Matheson, who claims the redevelopment of the golf course should have gone through a public competitive bidding process and that the city has continuously misled voters through the process. Numerous other opponents argue that there is no reason to get rid of one of the city’s last remaining public golf courses, all of which are heavily used, irreplaceable and support the local youth with programs such as The First Tee, especially with a state-of-the-art Hard Rock Stadium already built.

Reyes worked to force a vote on the proposed agreement before Commissioner Will Gort steps down at the end of the month as he maxes out his term limits but was shot down by majority vote from the commission which claims that the deal is nearly closed and is just pending 3 fair market value appraisals as well as traffic and environmental studies. Already environmental studies have shown the the ground underneath the golf course is full of toxic material and remediation would be in the range of $40 million.

Beckham first moved to have a stadium built at PortMiami in 2014 before the proposal bounced around 4 other sites including county-owned parking lot in Overtown. Inter Miami CF will play at their new Fort Lauderdale Stadium and Training Complex, which is currently under construction. If Miami Freedom Park is ultimately approved the timeframe for development would extend into 2022-2023.

Avison Young Chosen By New Ownership Team At 800 Brickell To Oversee Leasing

Avison Young has been named the exclusive leasing firm for the 15-story, 209,122 SF office tower at 800 Brickell Avenue in Miami. The assignment was awarded by new-to-market ownership, New York-based family firm Gatsby Enterprises in partnership with MasterMind Properties, which acquired the trophy asset for $125.5 million in July 2019.

“With the 4.9 million-square-foot shopping and mixed-use Brickell City Centre directly across the street and The Shops at Mary Brickell Village directly behind, 800 Brickell is ideally positioned for ownership to incorporate complementary live-work-play concepts,” said Donna Abood, Principal and Managing Director of Avison Young’s Miami operations. “As tenants look to Brickell for quality space and amenities in the heart Miami’s Financial District, our client will make substantial upgrades to common areas, tenant spaces, and the exterior of the tower to attract additional gold-standard office users.”

Ownership will invest up to $3 million into capital improvements at 800 Brickell, a long-term, value-add investment for the company. In addition to Ms. Abood, Avison Young Vice President Joe Abood and Associate Peyton Dowd will spearhead office leasing. Darryl R. Kaplan Company is handling leasing for the retail component, which encompasses the first two floors of the property. Office occupancy at 800 Brickell is currently at 84.8%.

“Brickell remains one of Miami’s most highly sought-after office markets, appealing to a broad range of tenants, especially professional services and financial firms,” added Ms. Abood. “With office occupancy at 84.8%, we look forward to leasing up vacancies at market rents and retaining strong, synergistic tenancy at 800 Brickell.”

A trophy office tower, 800 Brickell features a three-story atrium, a courtyard plaza, abundant parking and valet service, and convenient on-site amenities, which will soon include a 12,000 SF fine dining and quick-service restaurant. The location also boasts easy access to public transportation, including Metrorail, Metromover, Metrobus, and Brickell Trolley, as well as immediate entry to Interstate 395, Interstate 95, and the 836 Expressway. Tenants and visitors can access the building from SE 8th Street, ideal for avoiding Brickell Avenue traffic.

Miami’s office market recorded positive net absorption and healthy leasing activity overall during third-quarter 2019. One of the three largest class A office submarkets in terms of inventory, Brickell posted the lowest class A vacancy at 7.18%, followed by Airport/Doral (11.59%) and Downtown Miami (19.86%).

Royal Palm Companies Launches Sales Of Legacy Hotel & Residences At Miami Worldcenter

Miami-based real estate developer Royal Palm Companies (RPC), has officially launched sales for Downtown Miami’s newest mixed-use tower, Legacy Hotel & Residences, the soaring branded mixed-use skyscraper in the heart of mega-project Miami Worldcenter (MWC). On the heels of the successful completion of PARAMOUNT Miami Worldcenter, Downtown Miami’s newest residential condo tower with its famous Sky-Port, developer Dan Kodsi aims to transform Miami’s skyline again, this time in the hospitality and branded residence market. Located at 942 Northeast First Avenue, Legacy is expected to break ground in 2020. OneWorld Properties will be leading marketing and sales where pricing starts at $300,000.

Designed for the innovative and cosmopolitan traveler seeking a home away from home, Legacy Hotel & Residences aims to disrupt the condo space by introducing microLUXE living to Miami. The concept will offer homeowners luxury small living with the flexibility to live in or rent their home without rental restrictions, which will fulfill the demand of a rapidly growing and more international downtown core. Residents will have the option to rent on their own or through the tower’s hotel rental program, offsetting carrying and maintenance costs.

“When travelers come to Miami and stay on the beach, they find themselves inevitably crossing the bridge to the mainland, where all the latest attractions are; from Wynwood, the Miami Design District to the American Airlines Arena and PAMM. We've seen the tourism growth and are filling a void for the leisure traveler who doesn't have a downtown hotel with resort-style amenities in the center of it all,” said Dan Kodsi, Developer at RPC.

Legacy Hotel & Residences will bring international flair to the downtown skyline where the neo-futurism-inspired tower will feature 278 branded residences sitting atop a 255-room hotel. Legacy’s microLUXE residences range from 400 SF to 949 SF with studios and two-bedroom units. RPC takes the micro-living movement to the next level with their microLUXE concept, where each residence will offer the functionality of a micro-style home with the high-quality design and superior finishes of an elite luxury condominium. All residences will be equipped with a full kitchen and washer and dryer combinations. These small ergonomic but bespoke residences by RPC’s in-house design team in collaboration with Kobi Karp Architects and IDDI will offer buyers the freedom to rent their microLUXE residences without any restrictions.

The mixed-use tower will offer a suite of first-of-its-kind amenities, including ground floor retail, a hotel, microLUXE residences. Signature amenities of the tower include a sophisticated members-only international business lounge, dramatic cantilevered, Singapore-inspired pool, downtown’s largest hotel pool deck set on one acre, a first-of-its-kind medical and wellness center, all topped with the project’s signature amenity: the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

“With our experience selling Downtown Miami through previous projects during its various real estate cycles, we understand the downtown buyers and their demands,” said Peggy Olin, CEO of OneWorld Properties. “We are bringing our buyers from over 60 countries an alternative pied-à-terre – the piece that was missing— for residents who seek small living and large experiences,” she said.

Legacy Hotel & Residence’s will become an iconic centerpiece of Miami Worldcenter, one of the largest private real estate developments underway in the United States. The ten-block project will include world-class retail, hospitality and residential uses in the center of Miami’s urban core. Providing unmatched accessibility, Legacy Hotel & Residences is conveniently located next to I-95 and I-395, as well as the Virgin MiamiCentral Station, the Metrorail and Metromover stations.

Shoma Group Officially Breaks Ground On TEN30 South Beach

The Miami-based Shoma Group has officially celebrated the groundbreaking of Ten30 South Beach, a curated collection of 43 studio, one- and two-bedroom condominiums nestled in one of South Beach’s most vibrant neighborhoods. In a nod to the development’s name, the ceremonial groundbreaking was held on October 30 at 10:30 a.m. at the future site of Ten30 South Beach. The project’s development and sales teams, led by industry veterans Masoud Shojaee, CEO of Shoma Group and Edgardo Defortuna, President and CEO of Fortune International Group, hosted the event. Mike Saladino and David Muriel from the project’s architectural and interior design firm Saladino Design Studio were also in attendance as well as dozens of industry leaders, project partners, city officials and numerous other dignitaries.

Located at 1030 15th Street, Miami Beach and developed by Shoma Group, the project is poised to be South Beach’s ultimate gem located just steps from the Atlantic Ocean and the best of modern Miami Beach life. Once completed, Ten30 South beach will rise four stories and feature a sprawling 6,000 square-foot rooftop deck with a rosé-colored pool, lounge, and an outdoor kitchen area complete with barbecue and yoga space.

“We’re incredibly proud to officially break ground on Ten30 South Beach,” said Masoud Shojaee of Shoma Group. “A new standard for living in South Beach, we’re extremely pleased that Ten30 South Beach will provide residents with a premier living option just steps away from all that South Beach has to offer.”

With units ranging in size from 626 SF up to 1,196 SF and priced from the $400’s with low association fees of less than $400 per month, the project boasts state-of-the-art technology and high-end finishes. Spacious master bedrooms with a unique open bathroom concept complete Ten30’s array of amenities that tastefully create a sense of sanctuary expressed in lyrical terms.  Residences come with expansive terraces and covered parking.

“This is an exciting beginning to what will soon be an extraordinary addition to the vibrant South Beach neighborhood,” said Edgardo Defortuna of Fortune Development Sales. “We are grateful to Masoud Shojaee and the Shoma team for bringing this inspired project to South Beach and it is a privilege to manage their sales and marketing efforts.”

Check Out This Newly Revealed James Bond-Style Venetian Islands Estate Which Just Hit The Market For $18.5 Million

A new sculpturesque mansion on the Venetian Islands has been revealed following its recent completion at 941 N Venetian Drive, now listed by Dina Goldentayer of Douglas Elliman for $18,500,000. The luxurious yet modern estate was completed two weeks ago and was unveiled to showcase the stunning design and incomparable waterfront views of the Miami skyline. Miami-based developers, Eduardo Otaola, Rodrigo Diaz and Eduardo Lucca called on James Wall interior designer who leads as Creative Director at Thirlwall Design and responsible for the development of the geometric breathtaking estate, brought to life a bespoke jaw dropping façade.

Upon entry to the 5 bedroom, 8 bath estate, guests are greeted by an outdoor foyer which features an aquatic atrium, glass elevator and soaring green wall that reaches the entire 3 story structure complimented by a 19’ door. Limestone flooring encompasses the entire property with 11’ ceilings overlooking 100 linear feet of wide open bay with Miami skyline views. The kitchen and lounge feature a massive custom kitchen with Poliform cabinetry while Miele and Wolf appliances are preserved in the appliance pantry. As you make your way to the second floor the atrium is built to showcase a floating aesthetic as you are overlooking the outdoor aquatic foyer.

Upstairs, the master suite blends sky and water as one with a balcony infinity plunge pool that can accommodate 8 guests located on the private terrace. The second level features oak floors and a Calacatta marble master bathroom with a bathtub overlooking the endless waterfront views. The rooftop deck features one of the largest rooftop lounges for entertainment with panoramic views of both city and waterfront. As a true entertainers enclave the estate also includes a movie theater, office, staff wing and 3 car gallery garage. The open floor plan furnished by Italian contemporary luxury furniture brand, Minotti and over $2,000,000 of carefully curated art work and sculptures throughout the approx. 16,000 SF lot and 9,228 SF of living space.

941 N Venetian Drive is currently listed for $18,500,000 with Dina Goldentayer of Douglas Elliman.