Monaco Yacht Club & Residences Debuts Sales Gallery In Miami Beach

Monaco Yacht Club & Residences, which is being developed by Optimum Development USA, has revealed its newly opened sales gallery at 6897 Collins Avenue in Miami Beach. The nautically themed, boutique Bayfront condominium offers its own private marina and just thirty-nine luxurious waterfront residences delivered fully finished with curated interiors by world-renowned Italian interior designer Piero Lissoni.

“We are delighted to at last unveil the much anticipated Monaco Yacht Club & Residences sales gallery,” said Ricardo Tabet, CEO of Optimum Development USA. “The sophisticated design showcases the extraordinary talents of Piero Lissoni and Bernardo Fort-Brescia of Arquitectonica and is an overall reflection of the building’s program of luxury living, fun lifestyle, laid-back environment, and relaxed atmosphere.”

Lissoni is recognized as one of the masters of contemporary design and known for a stunning portfolio of international projects in the fields of architecture, landscape, interior, product and graphic design and corporate identity. Lissoni is also the art director for some of the most influential design companies for whom he designs an extensive range of products such as Boffi, Fantini and Salvatori, all of which are incorporated into the design of the new sales gallery.  

The sales gallery showcases Lissoni’s inspired designs with modern interiors in white warm tones, refined Italian-made fixtures and finishes, and Arrigoni wide plank wood flooring from Austria, where for each tree felled, four are planted. 

“It is a very proud moment for us to officially welcome prospects and the real estate community to experience the Côte d’Azur in the heart of Miami’s Mid-Beach,” said Rodolfo Misitano, CEO of Optimum Asset Management (parent company of Optimum Development USA). “The exquisitely designed sales gallery offers an up-close opportunity for our guests to experience what it’s like to live in one of our residences and the ultimate indoor/outdoor lifestyle that Monaco Yacht Club & Residences will offer.”

The bayfront Monaco Yacht Club & Residences will rise 12-stories and was designed by international architecture firm Arquitectonica, led by Bernardo Fort-Brescia. The building is slated for completion in the third quarter of 2021.  Monaco Yacht Club & Residences are drawing rave reviews for its exceptional combination of world-class style, intimacy and exclusivity located on one of the last remaining waterfront properties in the area.

Monaco Yacht Club & Residences will offer one to four bedroom residences, ranging in size from 918 SF to nearly 5,000 SF. A limited collection of two impressive penthouses will offer expansive living areas, including private terraces with summer kitchens, starting at 2,888 SF. Residences are primed for indoor/outdoor living and entertaining, the meticulously designed homes will feature expansive wraparound terraces, each with finished floors and ceilings and sweeping views of Biscayne Bay, the Atlantic Ocean and the Miami skyline.  Additional highlights within the residences will include stone countertops, 10’-11’ high ceilings throughout, large walk-in closets, pre-wired for Home Automation systems to accommodate the latest “Smart Building” technology, private elevator entrances, custom Boffi kitchens and premium bathroom interiors featuring imported Italian marble flooring, spacious tubs and frameless, glass-enclosed rainfall showers with designer faucets. 

Monaco Yacht Club & Residences will also feature a 12 slip marina available exclusively to residents, as well as a yachting concierge for maintenance needs, yacht charters or sailing, and fishing excursions for the day to the Bahamas, the Florida Keys or to enjoy the Atlantic Ocean and the best of South Florida’s coastal living. Other waterfront amenities include paddle boarding, kayaking and more. 

Additional resort-style amenities include a “Resident’s Lounge” featuring a library and breakfast bar for leisurely waterfront dining; a breathtaking rooftop terrace with panoramic views of the Miami skyline featuring a pool with poolside chaise lounge chairs, Jacuzzi and shaded lounge areas with a grill for entertaining; as well as a state-of-the-art fitness center overlooking Biscayne Bay.

Residences are priced from $1.1 million with sales and marketing handled exclusively by Fortune Development Sales.

Vanessa Grout Named CEO of OKO Group’s New Venture

Vanessa Grout has been named the CEO of OKO Real Estate, a new venture to expand the sales and marketing capabilities of Vladislav Doronin’s OKO Group. OKO Group currently has four projects under construction in Miami, including Una Residences and Missoni Baia, and another project under construction in Manhattan. Vanessa Grout has worked in the real estate sector for 16 years, most recently as President of Ugo Colombo’s CMC Real Estate, where she ran sales and marketing for Brickell Flatiron. With the launch of this new brokerage firm, OKO Group will continue to grow throughout South Florida, New York and in other major U.S. cities. 

“We are pleased to welcome Vanessa Grout to OKO Group and to expand our business. I have known Vanessa for many years, she has been a friend and a valued supporter,” said Vladislav Doronin, Chairman and CEO of OKO Group. “We are optimistic on the growth of the real estate sector in Miami which is why we have decided to bring Vanessa on board and to expand our offering. Buyers are choosing Miami to invest in their future; Miami is a good real estate investment as well as an investment in the quality of their future life.” 

Renowned for working with internationally acclaimed architects including Pritzker Prize–winning architect Zaha Hadid, real estate magnate Vladislav Doronin has developed 71 buildings and 75 million SF of world-class residential and commercial property internationally. 

“I am thrilled to be joining this expert team and to work alongside Vladislav Doronin to help expand OKO Group’s existing offering with the creation of OKO Real Estate,” said Vanessa Grout, CEO of OKO Real Estate. “This move follows the completion and successfully selling out Brickell Flatiron in Downtown Miami, the most recent project I oversaw.”

In Miami’s Edgewater neighborhood, construction on Missoni Baia surpassed the tenth floor and saw the recent sale of one of its two penthouses for $10 million. Una Residences recently broke ground and saw the commencement of construction on the luxury residential building’s foundation on Miami’s waterfront. OKO Group continued vertical construction on 830 Brickell, a 57-story highly-amenitized office skyscraper designed by one of the world’s leading architecture firms, Adrian Smith + Gordon Gill Architecture (AS+GG) in the heart of Miami’s financial district. OKO Group has closed on the development loan for Aman Miami which will bring an Aman hotel and Aman-branded residences to Miami Beach’s Faena District, on the site of the former Versailles Hotel at 3425 Collins Ave. Construction is also underway in New York where OKO Group is transforming The Crown Building, located at 5th Avenue and 57th Street, into Aman New York.

Apex Capital Realty Oversees Acquisition of Former Midas Retail Site On Le Jeune Road

Apex Capital Realty’s Miguel Pinto acted as the sole broker in the 5,718 SF retail building deal at 900 S Le Jeune Rd. in Miami, FL which closed for $1,575,000 on Friday. Coral 900 LLC. which controlled by Christian Vasquez, purchased the 5,718 Square Foot retail site from the HAROLD NOORDHOEK Revocable Trust.

“Appetite for investment of retail buildings that house essential businesses continues to be strong! Investors are migrating from high yield restaurants to and shifting their strategy to investing in real estate that house pharmacies, automotive real estate, medical use and drive thru restaurant buildings. “said Miguel Pinto.

The 2-parcel site which formerly was being operated as a Midas, is located on Le Jeune Road which serves as the west artery to Coral Gables, makes it a desirable site for all retail uses. The site is visible to over 34,000 vehicles per day and is shadow anchored by a CVS and a McDonald’s.

Avison Young Oversees Zaragon Acquisition of RAM Steel Framing Headquarters For $7.55 Million

Avison Young’s Florida Capital Markets Group closed the $7.55 million industrial sale-leaseback of the 105,000 SF RAM Steel Framing headquarters location at 7400 N.W. 37th Ave. in Miami. Zaragon, Inc., purchased the property. With the sale, Zaragon secured a long-term, absolute triple net (NNN) lease with a single tenant that is a leader in supplying manufactured steel products to South Florida’s robust pipeline of active commercial developments. Avison Young Principals David Duckworth; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; John K. Crotty, CCIM; Vice Presidents Brian C. de la Fé; David F. Spillers, SIOR; and Associates Emily Brais and Berkley Bloodworth facilitated the transaction on behalf of RAM Steel Framing.

“The sale-leaseback represents a trend of single-tenant industrial deals having the highest chance to close in the current market environment,” said Duckworth. “With the investment appeal of RAM Steel Framing as a high-quality tenant, we successfully negotiated and closed the deal during the COVID-19 shutdown without any pricing adjustments.”

RAM Steel Framing is a full-line manufacturer of drywall and structural framing for commercial and residential construction, with recent high-profile projects including the Miami International Airport expansion, the Seminole Hard Rock Hotel & Casino guitar-shaped tower in Hollywood, and the luxury Aston Martin Residences in Downtown Miami. The company is one of the fastest-growing steel manufacturers in the country and the largest manufacturer in South Florida, with additional manufacturing facilities in Orlando, Florida, and Chesapeake, Virginia.

“The absolute NNN investment opportunity was ideal in that all of the building’s structural and operating expenses will be the responsibility of the tenant,” continued Duckworth. “RAM Steel Framing is considered an essential business, and therefore offers great stability as a tenant.”

Located within an Opportunity Zone along Miami’s Hialeah industrial corridor, the industrial asset is approximately three miles from the Miami International Airport to the south and six and a half miles from Port Miami to the east.

Miami’s industrial market continued to outperform all other asset classes through 2019 and into 2020. According to research by Avison Young, overall vacancy in Miami-Dade County was 3.86%, with vacancy in the Hialeah submarket at 2.90% as of first-quarter 2020. Industrial rental rates hold firm due to low vacancy rates and strong fundamentals across the South Florida region.

CMC Group Closes On More Than $31 Million in Penthouse Sales In Last 90 Days At Brickell Flatiron

CMC Group’s newly completed Brickell Flatiron condominium in Downtown Miami’s Brickell Financial District has successfully closed on four upper penthouse residences totaling $31.6 million in finalized sales over the last 90 days. The 64-story tower, built by CMC Group founder and veteran Miami developer Ugo Colombo, was delivered in November 2019, and over 90% of its contracts have already been closed. Approximately 98% of the building’s 527 units are sold to buyers from around the world, with more than half of its residents hailing from within the domestic United States. The 736’ skyscraper, located at 1000 Brickell Plaza, currently stands as the tallest condominium in Miami.

Brickell Flatiron’s upper penthouse collection, located on floors 62 through 64 of the tower, includes expansive single-story, two-story duplex and three-story triplex residences measuring from 3,600 SF and up to 7,900 SF in size. The sales include a 7,856 SF 6 bedroom, 3-story triplex penthouse with a private pool for $13.2 million; a 5,453 SF 4 bedroom, 3-story triplex penthouse also with a private pool for $11.2 million; a 2,726 SF 4 bedroom penthouse for $2.32 million and a 3,626 SF 4 bedroom, 2-story duplex penthouse for $4.9 million. One developer-owned duplex penthouse unit remains available for purchase, which is now on the market for $9 million.

“Now more than ever, buyers have grown accustomed to and appreciate the level of detail we have always strived to deliver at CMC Group,” said developer Ugo Colombo, founder of CMC Group. “Brickell Flatiron’s last available penthouse embodies true Italian design. Every element used – from the finishes and fixtures, to the furniture pieces and colors – was designed with the highest quality materials and the utmost attention to detail to achieve a unique, one-of-a-kind product that will stand the test of time.” 

“In the last few weeks, we have closed the balance of our sold penthouses,” said Vanessa Grout, president of CMC Real Estate. “The demand to purchase our last remaining developer-owned residence is coming from individuals both international and domestic.”

Rising 62 stories above Miami’s preeminent Brickell neighborhood, Brickell Flatiron’s last remaining duplex penthouse spans 4,633 SF of interior space with terraces extending from all rooms. The grand two-story residence features 4 bedrooms, 5.5 bathrooms and a vast 20’ double height living area enveloped by expansive north and east cityscape and water views. The fully finished “townhome in the sky” has been meticulously designed by Barcelona-born architect Alexis Cogul Lleonart of Miami-based Doo Architecture and enriched with beautifully curated accessories by Nest Casa. Alexis Cogul Lleonart’s design model for Brickell Flatiron’s last remaining upper penthouse expands upon CMC Group and Ugo Colombo’s ethos to create livable spaces with functional yet refined interiors that feel like home.

“A well-designed space must provoke, enhance and encourage a reaction,” said Alexis Cogul Lleonart, founder and principal of Doo Architecture. “If this happens, our work is completed.”

Brickell Flatiron’s architectural design is the brainchild of architect Luis Revuelta, who is behind many of Miami’s iconic high-rises including CMC Group’s Bristol Tower, Santa Maria and EPIC Residences & Hotel. On the inside, master Italian design architect Massimo Iosa Ghini uses inspiration from Revuelta’s curved façade to outline the tower’s sleek common areas and public amenity spaces, creating a seamless transition from exterior to interior.

The development’s privately owned permanent art collection includes a series of exclusively produced large-scale paintings and sculptures by New York artist Julian Schnabel, as well as signature pieces by Italian artist Carlos Battaglia and Italian photographer Marco Glaviano, which are displayed in the building’s grand lobby and public amenity spaces.

Amenities include a 64th-floor rooftop level with a Sky Spa, Sky Pool and Sky Gym, providing 360-degree panoramic views of the bay and downtown Miami’s glimmering cityscape. Residents may access a host of therapeutic services and other offerings including private steam, sauna and locker facilities, a 6,300 square foot state-of-the-art fitness center with Pilates, spin and aerobics studios, and a juice bar. Additional features include a resort-style lap pool and separate children’s pool on the 18th floor, private movie theater with stadium seating, billiards room and lounge, clubroom, full-time concierge and 24-hour valet parking, on-site vehicle washing and detailing, and electric car-charging stations.

Two More Units At One Thousand Museum Sell For $6 Million And $11 Million

One Thousand Museum, the luxury residential condominium by the London-based Zaha Hadid Architects, sold two new units this past week. The 62-story, 84-floor unit tower opened in August 2019 and has since then attracted many buyers, among which are David and Victoria Beckham, who closed on a $19.8 million full-floor penthouse back in late March.

David Beckham will no longer be the only soccer player in the building. His new neighbor, Manchester United and French national team soccer player Paul Pogba, closed on a $6 million luxury condo in the tower this Thursday. 

The building has also the attention of New Yorkers interested in moving to South Florida. Friday marked the closing of its 11,544-square-foot penthouse unit 5301 for $11 million. The undisclosed New York buyer’s new unit will take up a whole floor with five bedrooms and six-and-a-half bathrooms. Prior to purchasing, they toured the penthouse twice: once before the pandemic, and again during it through a virtual tour.

The unit went under contract two weeks ago once the buyer offered to pay in cash for the originally $16 million penthouse. The price was later reduced by 31% before closing, selling low for only for $952 per square foot compared to a similar full-floor penthouse the Beckhams purchased for $1,810 per square foot.

Karen Elmir, CEO and founder of Cervera Real Estate’s Elmir Group, represented the buyer, whereas Harvey Daniels at One Sotheby’s International Realty represented the developer.

One Thousand Museum is fit with its own private rooftop helipad and offers many other luxe lifestyle amenities, including a Skye Lounge with curated seasonal menus, a spa with relaxation pods and private treatment rooms offering several services, the private Beach Club Museum Beach, a house car service, a 1KM wellness center, and an indoor lap pool located on the 61st floor.

Daniel De La Vega’s ONE Sotheby’s International Realty Development Division is the exclusive listing agency for One Thousand Museum.

By Isabella Zimmermann

$800 Million Sale of Second Largest Hotel in South Florida Falls Through

An $800 million deal between Jeffrey Soffer’s Fontainebleau Development and Brookfield Property Partner’s Diplomat Beach Resort Hollywood was called off on May 8 as the effects of COVID-19 on South Florida’s hotel and tourism industries continues to cause havoc. The 1,000 room Diplomat Beach Resort Hollywood, located at 3555 South Ocean Drive in Hollywood, FL, is the second largest hotel in South Florida following Soffer’s 1,600 room Fontainebleau Miami Beach, whose $975 million CMBS loan entered special servicing in March 2020. Fontainebleau Development is reportedly still in discussions with Brookfield Property Partners and may revisit the acquisition in the future.

The Diplomat Beach Resort Hollywood was first marketed for sale in January 2019 asking $1 billion, $1 million per room. Brookfield Property Partners, which is the real estate division of the Toronto-based Brookfield Asset Management, acquired the hotel for $460 million in 2014 and rebranded the flag from a Westin hotel to a Curio Collection by Hilton. In 2017 Brookfield completed a $100 million renovation and in September 2019 led a $168 million refinancing of the hotel with the funding provided by Morgan Stanley, J.P. Morgan and Wells Fargo.

Malls Across Miami Are Reopening Today As Miami Enters Phase 1 Of Reopening From The COVID-19 Shutdown

“Although we live in a city without seasons, this feels like Spring,” said Miami Design District visionary Craig Robins as Miami enters Phase 1 of its reopening plan. As per approval by Governor Ron DeSantis, Miami-Dade and Broward County can begin to reopen as of today, May 18, 2020, following the COVID-19 lockdown that has marred the United States since early March. Golf courses and marinas opened several weeks ago with restrictions, and now retail, restaurants, barbershops and salons may open - with restrictions. Bars, nightclubs, movie theaters and beaches are not part of the Phase 1 reopening plan and have no set reopen date.

Following the opening of Palm Beach County over the past several weeks, malls in Miami are welcoming back patrons in Miami Design District, Brickell City Centre, Bal Harbour Shops and Aventura Mall, in addition to Broward County’s Sawgrass Mills mall leading the charge. While the malls may be open, individual businesses within them are making their own decisions as to which day and how they will relaunch operations. Robins indicated that Miami Design District will see most of their tenants open by Wednesday, May 20 along with parking, public art and centralized services. Shoppers will also be able to pick up a mask at any MDD information desk. Bal Harbour Shops and Brickell City Centre opened May 18.

Restaurant openings have been a hot topic of discussion as they begin opening their dine-in services back up at 50% capacity and with six foot social distancing between parties. Bar counters are closed to seating and a maximum of four people can be seated at a table unless they are members of the same household, which are capped at six. Patrons must wear face masks when they are not at their table and employees must wear masks at all times. All menus must be single use and restrooms must limit their capacity to one person at a time. Retail has similar restrictions limiting capacity to 50% and requiring all customers and employees to wear a mask at all times.

Authorities will monitor and assess how Phase 1 of reopening progresses over the next several weeks before approving a move to Phase 2 or instituting new restrictions to help stop the spread of the COVID-19 pandemic.

Rieber Developments Breaks Ground on 12|12 Aventura in the Aventura Health District

Aventura-based Rieber Developments has announced the groundbreaking of 12|12 Aventura, a 10-story complex comprising of a 30,000-square-foot gourmet marketplace and food hall, 25,000 square feet of offices, a 160-residence luxury senior residential component, and a structured parking garage, all with interiors designed by Interiors by Steven G.

The Arquitectonica-designed mixed-use project and its sister development Ivory 214, a medical and professional office building accompanied by a Tapestry Collection by Hilton™ hotel, will both serve as the epicenter of a planned ‘Aventura Health District.’

12|12 Aventura is nestled near a designated ‘medical office district’ which includes many of Aventura’s leading medical facilities. The $100 million project is also surrounded by 300 medical and professional practices and services, including Aventura Hospital, one of the only two facilities in Miami-Dade County with the designation of a Level II trauma center.

The centrally located development is also situated less than a mile away from Aventura Mall and from major thoroughfares including US 1, I-95, and the Florida Turnpike. With its own vibrant Chelsea Market-style food hall on the ground floor, 12|12 Aventura is uniquely positioned to serve the local community and guests alike a designation for shopping and dining.

“Breaking ground on 12|12 Aventura is a significant milestone for us, especially in these challenging times,” said Bernardo Rieber, principal of Rieber Developments. “Our philosophy in creating this project has always been to bring something new and unique to the neighborhood, melding community, culture, health, and wellness to benefit the area. We are extremely proud to move one step closer to delivering this project, and furthering the Aventura Health District.”

Cervera Real Estate is the exclusive brokerage for 12|12 Aventura’s office condos, forty percent of which are already sold and under contract. Construction is being led by Winmar Construction, an affiliate of Coastal Construction. The development is expected to be completed in 2022.

By Isabella Zimmermann

Aston Martin Residences Revs Up Its Sales Record In First Half Of May With $8.75 Million In Sales

Aston Martin Residences registered a record number of sales for the first half of May, demonstrating a positive resurgence and renewed confidence in the South Florida real estate market. Since the beginning of May, the in-house sales team has sold four residences totaling $8.75 million. The completed purchases represent an accelerated growth in sales in the second quarter of the year, despite buyers relying on the virtual world and video conferencing to close on their new home.

“We’ve introduced some exciting new ways to keep conversations going with our valued clients, digitally,” says Paulie Hankin, Sales Director for Aston Martin Residences, representing Cervera Real Estate. “Thanks to the combined efforts and support of the in-house sales team, G&G Business Developments and our broker community, we’re seeing amazing results. We look forward to opening the sales gallery soon.”

Aston Martin Residences is a 66-floor luxury residential development on the waterfront in downtown Miami being developed by G&G Business Developments. Coastal Construction in the general contractor on the project which broke ground in October 2017. The one-of-a-kind Aston Martin-branded tower offers 391 residences which come in a variety of floorplans consisting of one to five bedrooms and penthouses ranging from 8,977-10,463 SF. The iconic tower is the first for Aston Martin and will feature 42,275 SF of sky amenities across four floors, including a double-level fitness centre overlooking the ocean, infinity pool, spinning studio, boxing gym, virtual golf room, art gallery, two cinemas, as well as a full-service spa, beauty salon and barber shop.

Pricing starts at $750,000 and range up to $8,800,000 for the "River and Panoramic Residences" part of the building and $14,000,000 to $50,000,000 for the "Penthouses." Sales are being overseen by Cervera Real Estate. The project is approaching 60% of its 391 homes sold, with construction scheduled for completion in 2022.

For more information about Aston Martin Residences, private showings or purchasing/ leasing information please fill out the form below: