Macken Companies Announces Development Of Koya Bay Luxury Townhome In North Miami Beach

Macken Companies has announced plans to develop Koya Bay luxury townhome in North Miami Beach and scheduled to break ground Q2 2021. The development plans include 10 four-story luxury residences in the waterfront community of Eastern Shores. Each residence will feature a private elevator, rooftop terrace, dock, and two-car garage with optional car lift. 

“I have had my eyes on this site for a long time and we are excited to finally deliver a project designed to capture the opportunity this beautiful property presents,” stated Alan Macken, CEO Macken Companies. “Koya Bay is a boater’s delight with no fixed bridges and minutes away from the Haulover cut and sandbar. Once again, we have partnered with our award-winning team of design professionals, and the result is an exceptional boutique community of waterfront townhomes that we believe provides our buyers with a distinct opportunity.”  

Koya Bay will feature three, four and five bedroom floorplans ranging between 2,900-3,600 sq.ft with pricing starting at $1.9 million. Randall Stofft Architects and Witkin Hults Design Group have designed these waterfront townhomes in a modern but earthy style. Residents will enjoy the safely of the gated community with around the clock security along with amenities including beach and boat club memberships. 

Koya Bay is located in the neighborhood of Eastern Shores at 4098 NE 167 St. in North Miami Beach. It is located within a few minutes’ drive to the beach, Aventura Mall and Bal Harbour Shops. Macken Realty is the exclusive sales agent for Koya Bay.

Bell Partners Acquires Boca Raton Multifamily Communities For $94.25 Million

The Greensboro, NC-based Bell Partners has acquired two apartment communities in Boca Raton, The Lumin at Boca Raton and Cade Boca Raton, for $94.25 million. The Lumin at Boca Raton and Cade Boca Raton are located within the Park at Broken Sound, at 5500 Broken Sound Blvd. and 950 NW Broken South Parkway respectively. The acquisition was financed by a $58.8 million mortgage provided by GIM Commercial Mortgage Loan Fund. The properties will be renamed Bell at Broken Sound. Bell Partners now owns eight apartment communities in South Florida.

5500 Broken Sound Blvd. is a 180-unit apartment complex completed in 2018 on 9.1 acres. The property was developed and sold by a joint venture between Mainstreet Capital Partners and New Century Companies and sold for $56.5 million, roughly $314,000 per unit. 950 NW Broken Sound Parkway was also completed in 2018 and features 90 townhomes on 5-acres. The property was sold by an affiliate of Bluerock Real Estate and sold for $37.75 million, roughly $419,000 per unit.

Aston Martin Residences Reveals New Rendering of 53rd Floor Pool

Aston Martin Residences has released a new rendering of the indoor pool at the spa planned for the 53rd floor of the luxury tower in downtown Miami. The full-service spa will also include treatment suites, steam room and sauna, meditation room, beauty salon and barber station. The tower is expected to be complete in 2022.

Located at 300 Biscayne Boulevard Way, construction at Aston Martin Residences has reached the 31st floor and over 60% of homes are sold to-date. Aston Martin Residences will be unveiling the first customer Aston Martin DBX to arrive in The Americas at the sales center, to be announced for November. DBX is the the very first Aston Martin SUV founded on principles of adventure, beauty, luxury and dynamics.

Pro Surfer Anastasia Ashley Sells Her Miami Beach Bungalow Home

Anastasia Ashley, pro surfer and model, sold her Miami Beach chic bungalow home for $870,000. Ashley has made a profit on her home after purchasing the property in 2017 for $720,000. The 1970s beach bungalow has been renovated but also has preserved its Mid-Century charm. The house is 2,200 sq.ft. featuring 3-bedrooms, 2-bathrooms and an open floor plan. The bungalow is just a few minutes drive from the Sunset Harbour community and Lincoln Road.

Ashley is most famous for a video posted in 2013 of her twerking to warm-up that went viral. Not only is she one of the most successful women surfers on tour, but was also a cast member of the TV show “Naked & Afraid” in 2017.

518 W 30th Street, Miami Beach, was listed in May for $1 million with Miltiadis Kastanis and James Hait of Douglas Elliman. Kastanis and Hait also represented the buyer and closed the property for $870,000.

City Of Miami Approves Wynwood Streetscape Mater Plan Designed by ArquitectonicaGEO

City of Miami Commissioners voted unanimously to approve the ArquitectonicaGEO-designed Wynwood Streetscape Master Plan. The approval follows over two years of public hearings and community workshops. The construction will begin immediately and is funded by the Wynwood Business Improvement District (BID) as well as local property owners. The streetscape will feature the conversion of three streets to Woonerfs, which open up space for pedestrians while also allowing car access. It will also feature a green half-mile pedestrian and bike trail; landscaping designed to help combat climate change by capturing stormwater runoff, as well as reintroduce native plant species and provide shade via tree canopies; additionally, the installment of safety and mobility improvements such as new crosswalks, widened sidewalks, updated signage and protected bicycle lanes.

EverWest Real Estate Investors Acquires Hialeah Industrial Property In Off-Market Deal For $13.1 Million

The Denver-based real estate investment firm EverWest Real Estate Investors has acquired an 160,000 square foot industrial property in Hialeah, FL in an off-market deal. The property, which is located at 1101 E. 33rd St., an infill location in the heart of Miami’s Hialeah industrial submarket, was acquired for $13.1 million, or $82 per-square-foot. Andrew Gurewitsch of Windsor Realty Partners represented the building seller, a partnership between two local investors.

“Hialeah is a centralized location, in close proximity to Miami International Airport, major thoroughfares and sought-after labor,” said EverWest Director of Southeast Acquisitions Tyler Williams. “The building is also fully occupied with a stable rent roll, making it the perfect candidate for long-term improvements – demonstrating EverWest’s continued ability to acquire and enhance well-located industrial product in a highly competitive landscape.”

“Hialeah is a city within a city with continued strong demand across all asset classes. The property is located in one of the most robust and fundamentally strong submarkets in Miami-Dade with an exciting future,” said Andrew Gurewitsch of Windsor Realty Partners.

The Hialeah building features 18’ to 22’ clear heights with functional dock-high loading, direct rail access, heavy power and a large lot for high-volume trailer storage. EverWest plans to implement a capital improvement program while benefiting from the building’s stabilized tenancy in a submarket with strong rent growth.

The building was fully leased to two long-term tenants at acquisition; IC Industries Inc., a leading South Florida corrugated box manufacturing and delivery service, and Schwarz Partners Packaging, part of an Indianapolis-based holding company with interests in corrugated paper and packaging, with a focus on the full-circle renewable process.

327 Royal Palm Residences In Boca Raton Are Officially Sold Out

327 Royal Palm residences, in Boca Raton, are officially sold out achieving sales volume of over $50 million. Sales were exclusively led by One Sotheby’s International Realty, with 85% of buyers being local and the rest mostly from the Northeast. The boutique luxury condominium is ten-stories tall and developed by Group P6. It is just steps away from Mizner Park and the 5-star Boca Raton Resort and features a rooftop pool overlooking the Atlantic Ocean. 327 Royal Palm is only half a mile from sandy beaches and close to popular restaurants along Royal Palm Boulevard. The residences feature 3-bedroom plus den and 3.5-bathroom floor plan options. All residences are designed with a luxurious contemporary feel with panoramic impact glass windows, open living areas and terraces.

One Thousand Museum Developer Gregg Covin Sells Spec Home For $12.5 Million On Allison Island

Gregg Covin, one of the developers behind One Thousand Museum and Ten Museum Park, has sold a spec home he built at 6493 Allison Road on Allison Island for $12.5 million to an undisclosed buyer. Cyril Matz with Douglas Elliman and Chad Carroll with Compass represented the seller and Dina Goldentayer with Douglas Elliman represented the buyer. The house has over 75 feet of water frontage, is built in a contemporary design and completely furnished by Artefacto.

6493 Allison Road is 7,250 sq.ft and features 7 beds and 7 bathrooms with an open living area. What makes this home unique is the rooftop terrace with spectacular views of the water. The master bedroom has oversized closets with a private terrace and sitting area. The home also features a 3 car garage and private courtyard entrance.

City of North Miami Beach Calls For Revote After Granting Dezer Development Approval To Redevelop The Intracoastal Mall

Just one week after Dezer Development won approval from the North Miami Beach City Commission to redevelop the Intracoastal Mall into a mixed-use project named Uptown Harbour, the Commission has called for a revote without a scheduled date. The issue is tied to two ordinances, including zoning amendments and a 30-year development agreement, as well as two commissioners being absent from the initial vote which was decided with three yes and two no votes. The project is also still pending approval from the Florida Department of Transportation. The Intracoastal Mall is located at 3501 Sunny Isles Blvd. on a 29.1-acre site. The traditional retail center currently features 234,026 square feet of retail and 33,260 square feet of office.

Uptown Harbour would feature condos, retail, offices and hotels complete with a waterfront promenade with restaurants and retailers. When complete, the mixed-use development would bring over 2,000 residential units, which would be split between 1,750 for-sale condos spread across five towers, 200 rental apartments and 50 townhomes. Uptown Harbor would also feature 250 hotel rooms, 375,000 square feet of retail, and 200,000 square feet of office to the area. Dezer Development would also fund public improvements including building a police department, fire station, community center, a 6-acre park and infrastructure as part of the proposal. Towers would have a maximum height of 40-stories. Uptown Harbor is designed by Zyscovich Architects.

Michael Wekerie Lists The Former Anheuser-Busch Estate In East Fort Lauderdale For $19.25 Million

The former Anheuser-Busch estate, one of the largest waterfront properties in East Fort Lauderdale, is now on the market listed for $19.25 million. 1000 Riviera Isle Drive is 9,392 sq.ft. with over 525 feet of deep water frontage. The estate was originally built in 1938 for the Anheuser-Busch family and is now owned by Canadian TV Star, Michael Wekerie. Scenes from George Wells’ 1960s movie, Where The Boys Are, were filmed at the home.

The Estate is designed by Francis Abreu, apprentice of Addison Mizner. The main house features 8 bedrooms, 9 bathrooms, 2 half baths, media room, chef’s kitchen, gym and many areas for entertaining. There is also a two-bedroom guest house on the property. What makes this estate most unique is Wekerie’s addition of outdoor band shell set up to host music concerts. Wekerie is a television personality best known for the Candian reality show Dragon’s Den. Wekerie also has an extensive art collection that can be negotiable in the sale of his estate. 1000 Riviera Isle Drive, Fort Lauderdale is listed exclusively with Ruchel Coetzee of Douglas Elliman.