Vladislav Doronin and Len Blavatnik Receive Approval For Aman Hotel & Residences In Miami Beach's Faena District

Vladislav Doronin and Len Blavatnik have received approval from Miami Beach City Commissioners to build Aman Hotel & Residences in Miami Beach’s Faena District. The developers will build a new 250’ tall tower adjacent to the historic Versailles Hotel located at 3425 Collins Avenue, in addition to restoring the Versailles Hotel back to its former splendor. Aman Hotel & Residences Miami Beach will feature a 56-room hotel and 23 condominiums.

The approvals required a zoning change for height increase from the permitted 203’ to the proposed 250’. The height increase had been met with community opposition from several Historic Preservation Board members, including chairman Jack Finglass, as well as residents of the King David Condominium across the street. The final plans still must be submitted and approved by Miami Beach’s Historic Preservation Board.

Len Blavatnik is an American industrialist and philanthropist whose firm, Access Industries, owns a diverse portfolio of over 6 million square feet across iconic hotels and other commercial and residential properties in the United States, Europe, South America, and the Caribbean. Along with Alan Faena, Blavatnik developed the neighboring, ultra-luxury condo tower, Faena House.

Aman Hotel & Residences Miami Beach would be the first Aman Resort in South Florida. Vladislav Doronin is the chairman of Aman Resorts, in addition to being CEO of real estate development firm OKO Group. OKO Group’s Miami portfolio also includes luxury waterfront residential towers; Missoni Baia and Una Residences; and 830 Brickell, Miami’s first new office skyscraper in over a decade

Check Out This Exclusive Oceanfront Duplex Residence In The Newly Completed Arte by Antonio Citterio

A duplex villa in the newly completed Arte, by Antonio Citterio, recently hit the market in Miami’s Surfside neighborhood asking $15.5 million. Arte is a unique oceanfront residence that embraces seaside views and modern architecture with a mediterranean flair. Residence 202 is staged by Artefacto, featuring the brand’s newest collection designed by Patricia Anastassiadis.

Nestled between Bal Harbour and Miami Beach, residence 202 is a duplex villa over 8,000 sq.ft. designed with minimalistic architecture and decorated with a node to Brazil. The private terrace overlooks a tranquil beach with floor-to-celing windows allowing the natural light to stream in. This villa is perfect for entertaining, the lower level contains grand open concept living with al fresco dining, complete with European white oak floors and bronze detailing. The duplex Residence 202 is priced at $15.5 million with sales overseen by Douglas Elliman.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Check Out Laszlo Fazekas of LF Homes’ Personal Residence Complete With Mini Golf And Night Tennis

16121 Aberdeen Way in Miami Lakes, the personal home of LF Development CEO Laszlo Fazekas, hits the market for $4.495 million with Douglas Elliman. The home is a unique contemporary glass dome complete with exterior sporting activities. Miami Lakes attracts many famous home owners as this property once belonged to Florida Senator, Bob Graham.

The home is 6,391 sq.ft. built pavilion style, with a glass ceiling ‘bringing the outdoors in,’ and features 5 bedrooms, 5 bathrooms and 1 half bath. The entrance to the home is greeted by two 12-foot faux Cherry Blossom trees that were imported from South East Asia, along with two salt water fish tanks ranging between 600-700 gallons. The entrance in itself is exquisitely unique, but that is not all the home has to offer. You will also notice details such as the Canadian walnut doors, Cromie Polvere Porcelain tiles and Miele kitchen appliances. The home also contains a ten person media room, home office, breakfast lounge, fireplace sitting room, sun parlor and gourmet kitchen by Italkraft.

The estate also offers a range of sporting activities. You will find a custom 6-home mini golf course, hardcourt tennis court with LED lights for the night, a pool and lastly a 14 Car Motorcourt. Views from the exterior overlook Don Shula’s famous golf course adding to the exclusivity of the estate. 16121 Aberdeen Way is listed with Luis Dominguez of Douglas Elliman.

Elevate Partners Locks Down $92 Million In Financing For The Newly Completed Four West Las Olas Apartment Tower

Elevate Partners, led by Scott Bodenweber and Tom Vogel, have locked down $92 million in 3-year bridge financing with optional extension for Four West Las Olas. The loan was provided by the New York-based Benefit Street Partners Realty Trust, who provided $76 million of senior debt, and the West Palm Beach-based Electra Capital who provided $16 million in mezzanine financing. Four West Las Olas was roughly 60% leased at the time of refinancing. The loan was brokered by Denny St. Romain of Cushman & Wakefield with Dan McCawley of Greenberg Traurig representing the developer. The new loan replaces an $80 million construction loan provided by Trez Forman Capital in 2018.

Four West Las Olas was completed in Q1 2020 and rises 25-stories. The tower offers 260-units which range from 588 square feet studio layouts to 1,376 square feet 3 bedroom residences. Pricing ranges from $1,724 /mo. to over $7,000 /mo. Four West Las Olas also features 12,000 square feet of retail and 407 parking spaces. Amenities include a rooftop pool, sky club room, fitness center, speakeasy style piano lounge, demonstration kitchen, residents’ lounge, coffee bar and business center.

The Ritz-Carlton Residences Miami Beach Unveils New 3-Bedroom Penthouse

The Ritz-Carlton Residences, Miami Beach, unveils its newest model unit designed by French brand Liaigre's Design Services. The unit is an elegant 3-bedroom penthouse with a modern minimalist interior that demonstrates LIAIGRE’s signature aesthetic of clean lines and perfect proportion as well as function. The ready to move in penthouse is listed at $5.995 million and includes over 3,400 sq.ft. of interior space, 420 sq.ft. of exterior space and floor to ceiling windows.  

This elegant properly is the first major project in the United States by Italian Architect Piero Lissoni. Accomplishments of the Ritz-Carlton Residences, Miami Beach, include the first residential art studio, the only marine helipad in Miami Beach and is the largest residential project in Miami Beach spanning over 7.5 acres. The Residences include over 111 chic luxury condos and 15 stand-alone villas with private waterfront residences available. 

For more information about The Ritz-Carlton Residences Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

Lennar Acquires 209 Home Lots In Delray Beach's Avalon Trails Community From 13th Floor Homes

Lennar Corp. (NYSE: LEN) has acquired 209 home lots from an entity tied to 13th Floor Homes in the Avalon's Trails community in Delray Beach for $27.64 million. The price pans out to roughly $132,000 per lot and the seller may be eligible to participate in the success of the project where homes are priced from the mid-$300,000’s.

Avalon Trails broke ground in 2019 and is located on a 110 acre former golf course at 7472 N. Oriole Blvd. which 13th Floor Homes acquired for $5.4 million in 2018. The total site is approved for 521 homes for the senior 55+ community and 13th Floor Homes still owns a site approved for a 200 unit multifamily development which is yet to break ground.

Amenities at Avalon Trails include a clubhouse, multiple pools, fitness center, business center, billiards room, tennis courts, pickle ball, bocce ball and card rooms. The project will also feature 2.4-miles of trails for walking, running and biking.

JDS Development Group Reveals Plans For 1 Southside Park In Brickell

JDS Development Group, led by Michael Stern, has revealed plans for 1 Southside Park designed by SHoP Architects, ODP Architecture and Design as well as James Corner Field Operations. The mixed-use project is a redevelopment of an existing fire station at 1105-1133 SW 2nd Ave.

1 Southside Park will rise 64-stories and span 2.48 million square feet of total development. The project will feature 1,175 multifamily units, 200 hotel rooms, 6,000 square feet of event space, 200,000 square feet of office, 100,000 square feet of health and wellness, 11,000 square feet of restaurant space, 1,000 parking spaces and a 32,000 square foot fire station.

In order to make the project possible, JDS Development will purchase transfer of development rights from the City of Miami from Southside Park and First Miami High School. This will allow the developer to boost the density of the project and in return JDS Development will pay for improvements to the park as well as fire station.

Aston Martin Residences Awaits The First Aston Martin DBX SUV To Be Delivered To Miami

Aston Martin Residences Miami will be the recipient of the first customer DBX to deliver in Miami later this month. DBX is the the very first Aston Martin SUV founded on principles of adventure, beauty, luxury and dynamics. Aston Martin has recently built a new state-of-the-art manufacturing facility in Wales, in the UK, where the DBX has been skillfully hand crafted. The DBX is a luxury 5 seater SUV with a panoramic sunroof and drives like a sports car.

Aston Martin’s Wales manufacturing facility represents the highest quality British craftsmanship and engineering, and the Aston Martin Residences Miami mirror these iconic branding standards. The bond between Aston Martin and the Residences is visible in the intricate details of the unique waterside development. Aston Martin Residences will take the shape of an elegant sailboat shaped glass tower epitomizing luxury on Downton Miami waterfront. The tower is expected to be complete in 2022, will be 66 floors and feature 391 luxury residences and penthouses priced from the $970,000s to upwards of $50 million. This project is Aston Martin’s first real estate venture and expansion into luxury residential design. Aston Martin Residences Miami is developed by G&G Business Developments at 300 Biscayne Boulevard Way and designed by Revuelta Architecture and Bodas Miani Anger.

Newmark Group Rejects Takeover Offer From Cushman & Wakefield

Newmark Group Inc. has reportedly rejected a takeover offer from Cushman & Wakefield as commercial brokerages continue to explore consolidation within the industry. At the time of the takeover attempt Cushman & Wakefield had a market value of $2.6 billion and Newmark Group had a market value of $1.2 billion. Newmark Group was reportedly not interested in the $3.8 billion in debt that Cushman & Wakefield holds on its balance sheet.

The commercial brokerage industry has experienced a period of consolidation over the past decade as the firms have attempted to scale up to better service growing client demand. In 2015 the private equity group TPG Capital acquired Cushman & Wakefield for $2 billion and merged the firm with its competitor Cassidy Turley before undergoing an IPO in 2018, the same year Newmark Group was spun off of interdealer broker BGC Partners Inc. In 2019 Jones Lang LaSalle Inc. (JLL) acquired Holliday Fenoglio Fowler LP (HFF) for $2 billion in cash and stock.

Check Out Villa Las Palmas Recently Listed At ONE Sotheby's International Realty for $8.925 Million

ONE Sotheby’s International Realty has recently listed Villa Las Palmas at $8.925 million.  Located just around the corner from the famous Knaus Berry Farms, this magical Miami retreat sits on 10 acres of land and offers over 12,000-sq.ft. square feet of living area, secluded by the surroundings of lush foliage and waterfalls.  

The stunning villa contains 8 beds, 7.5 baths, a grand foyer that opens into a formal living room, a dining room that features a 126-bottle wine cellar, a private courtyard, a cabana, guest house and 3-car garage.  The interior is built with incredible craftsmanship and design including 11 hand-painted rooms, Mexican Saltillo tile, Belizean mahogany interior doors and cabinetry, and 35 sets of French doors throughout the villa.  The master bedroom contains a spa bath and an oversize terrace overlooking the pool and greenery.  

The outdoor area of Villa Las Palmas is perfect for entertaining, the estate can cater to over 1,200 people. There are more than 10,000-sq.ft. of exterior courtyards, covered balconies and terraces with ceilings made of Belizean mahogany accented with rosewood.  The outdoor area also includes an outdoor summer kitchen, wood-burning pizza oven, vegetable garden, barn, greenhouse, tennis, volleyball and basketball courts with views of the surrounding luscious vegetation.

24965 SW 162nd Ave, Villa Las Palmas, is currently listed at $8.925 million by Barbara Estela with ONE Sotheby’s International Realty. Photo’s by 1 Oak Studios.