The Largest Listing To Be Revealed at ARTE by Antonio Citterio Hits The Market For $23.25 Million

PROFILEmiami is excited to exclusively reveal Villa Sette, ARTE by Antonio Citterio in Surfside’s latest and largest listing to-date, which just hit the MLS at $23.25 million fully furnished. The unique residence was created in response to demand for more space spurred by the COVID-19 pandemic, and a luxury experience that not only meets but rivals the single-family home lifestyle. Villa Sette is a new oceanfront, full-floor residence, made from two combined units offering five bedrooms, six and a half baths and a theater. In total the residence spans 6,262 interior square feet and 4,316 exterior square feet.

The combined units at Villa Sette feature an oceanfront master suite is nearly triple in size and offers the addition of a midnight bar, more closet space and a dressing room. The second and third bedrooms were turned into “sunset master suites” with framed views of Downtown Miami and a luxe home theater was added as one of many in-residence amenities. The full-floor listing is also the only residence at ARTE with a terrace that wraps 360 degrees around the property, with 120 linear feet of direct oceanfront.

ARTE by Antonio Citterio is a 12-story luxury oceanfront building comprising of just 15 or 16 exclusive residences, depending on if Villa Sette is sold as a single residence or two. The building was developed Alex Sapir and Giovanni Fasciano and was designed by Italian master architect Antonio Citterio. ARTE offers impeccable interiors and finishes, as well as ten-star amenities and service. ARTE was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy, or outstanding service anywhere else in Miami.

ARTE residents enjoy a robust suite of amenities not found in other Miami luxury condominiums. They include a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio, sauna and steam room and dedicated pet runway and relief corridor. Additional facilities include a children’s playroom, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

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

Tricera Capital Announces Joseph's Classic Market As Anchor Tenant of Shops at The Press

Tricera Capital, the Miami-based real estate investment firm, has finalized a long-term lease with Joseph’s Classic Market to anchor Shops at the Press, the retail component of the firm’s pioneering mixed-use project - The Press - in West Palm Beach. The redevelopment of the Palm Beach Post campus is an example of creative adaptive re-use and expected to reinvigorate the city’s Dixie Highway corridor. Amy Acierno of Florida Communities Realty, LLC represented the grocer in the Shops at the Press lease.

Joseph’s, an upscale family-owned Italian specialty market founded in 2005 by New York native and longtime Palm Beach County resident Joseph Acierno, is leasing more than 15,000 square feet at Shops at the Press. It will serve the rapidly growing downtown West Palm Beach residential population and become a vital amenity for the professionals based in the adjacent Workspaces at the Press, the 140,000-square-foot office component of Tricera’s project. Joseph’s was established to bring anyone who loves food an exceptional shopping experience.

Shops at the Press is Joseph’s first West Palm Beach location. Joseph’s has several additional locations in Palm Beach County, including a recently opened market at Simon Property Group’s Town Center at Boca Raton.

“We are thrilled to welcome Joseph’s Classic Market to Shops at the Press,” Tricera Co-Founder and Managing Principal Ben Mandell said. “Our office tenants next door will love having easy access to healthy, fresh gourmet grab-and-go meals. Joseph’s also fills a major void for a high-quality upscale specialty grocer that directly caters to the affluent surrounding community.”

Known for its fresh ingredients and unparalleled customer service, Joseph’s will offer superior meats and seafood, fresh produce, a hot bar and cold bar, scratch-made bakery, New York pizzeria, chef-prepared entrees and side dishes, gourmet catering and an Italian deli at the Shops at the Press location.

“Our family cannot wait to bring our gourmet market and chef prepared meals to meet the daily needs of West Palm Beach residents and professionals,” Owner Joseph Acierno said. “We are a fourth generation, locally owned and operated business that serves a delicious alternative to dining out and provides an experience comparable to traditional restaurants at affordable prices.”

Tricera expects to deliver the Joseph’s space in mid-2022. Meanwhile, the firm is nearing completion of the Starbucks outparcel on the project site at the hard corner of Belvedere Road and South Dixie Highway. The Starbucks is scheduled to open to the public in June 2021.

With The Press, Mandell and fellow Tricera Co-Founder and Managing Principal Scott Sherman are bringing much-needed retail, offices, entertainment and public art to West Palm Beach while preserving an important piece of the city’s history. Nearly all existing structures are to remain, including the Post’s office building and printing press. The project name is a nod to the Post’s legacy at the site.

For Workspaces at the Press, Tricera has recently completed an extensive renovation of the existing four-story office building. The Post has signed a new long-term lease and are now occupying 35,000 square feet on the second floor. Cameron Tallon, senior vice president for JLL’s agency leasing team, is handling office leasing on behalf of Tricera.

Record Breaking $15.06 Million Condo Sale Closes At Ocean House In South Of Fifth

A record breaking $15.06 million sale has closed at Ocean House in South Beach’s South of Fifth neighborhood. The all cash transaction was completed virtually with an additional two backup cash offers in place. Chad Carroll with Compass represented the undisclosed buyer. Paola Marulanda & Laura Roxanna Garcia with ONE Sotheby’s International Realty represented the seller. Ocean House is located at 125 Ocean Dr in Miami Beach.

Unit #U-0201 is a 5 bedroom, 5.5 bathroom residence spread over 6,009 square feet. The 2-story property was designed by the world-renowned Steven G. The residence features 30’ of glass that opens just steps from the private beach. Features 2 sunrise terraces, 1 sunset terrace, a movie theatre and a glass-encased wine vault plus a hidden home office.

Reuben Brothers-Led Venture Buys Out Fortress Investment Group's Debt Backing One Thousand Museum By Zaha Hadid Architects

A Reuben Brothers-led venture, which includes Fontainebleau Development, has bought out the remainder of Fortress Investment Group’s stake in the debt behind one Thousand Museum by Zaha Hadid Architects. Fortress Investment Group had initially provided a $225 million construction loan in 2016, half of which was later acquired by the Reuben Brothers-led venture before a portion was paid back by the developers.

The Reuben Brothers is a British private equity firm led by David and Simon Reuben. The firm has partnered with Jeffrey Soffer’s Fontainebleau Development on several projects in South Florida recently including at the JW Marriott Miami Turnberry Resort & Spa in Aventura.

One Thousand Museum was developed by Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger. The tower officially debuted August 2019 as one of the country’s most anticipated condominiums, with its striking exoskeleton instrumental to becoming the most iconic and identifiable tower in Downtown Miami. The tower was the designed by the late Zaha Hadid and was her first residential skyscraper in the Western Hemisphere. The unique tower features an exoskeleton which was made from glass fiber reinforced concrete imported from Dubai.

One Thousand Museum rises 62-stories and offers 84-units. The building’s luxe lifestyle and exclusive amenities are among its most desirable attractions including a private rooftop helipad, making it Miami’s only residential building accessible via its own private airport. One Thousand Museum is also the first residential building in the world to partner with Forbes Travel Guide to create a hospitality-focused experience for residents and their guests on par with the finest hotel in the world.

Additional amenities include a Sky Lounge for dining and private events; an on-premise bank vault; nearby private Beach Club, Museum Beach; access to a house car service, 1KM wellness center featuring state-of-the-art equipment by Techno-Gym, a Spa with relaxation pods and private treatment rooms for spa services and the Aquatic Center featuring an indoor lap-pool at the 61st Floor.

For more information about One Thousand Museum by Zaha Hadid Architects, private showings or purchasing information please fill out the form below:

Bayfront Supertall Tower Waldorf Astoria Hotel And Residences To Launch Sales In March

PMG and Greybrook Realty Partners are gearing up to reportedly launch sales at Waldorf Astoria Hotel & Residences in March. A 6,144 square foot sales center is near completion nearby at 400 Biscayne. Waldorf Astoria Hotel & Residences is a luxury supertall tower which is slated to come to Downtown Miami at 300 Biscayne Blvd. At 100-stories the tower will be the tallest ever to launch sales in Miami, rising 1,041’. The tower is expected to have a sell-out over $1 billion.

The Waldorf Astoria Hotel & Residences is designed by Sieger Suarez Architects and will feature 205 hotel rooms and 400 condos. The project will be the first in Miami to feature the Waldorf Astoria brand which is owned by Hilton Worldwide Holdings, Inc.

Downtown Miami has seen a surge in luxury condos in the past few years with a selection of high-end offerings since the completion of Ten Museum Park in 2007, which the first of its kind in the neighborhood which now includes One Thousand Museum, Aston Martin Residences, Marquis Residences, Epic Hotel & Residences, amongst others.

For more information about The Estates at Acqualina, private showings or purchasing/ leasing information please fill out the form below:

Avra Estiatorio Coming To The Estates At Acqualina In Sunny Isles Beach

Avra Estiatorio of New York and Beverly Hills has announced that it will be opening a new restaurant overlooking the beach at The Estates at Acqualina in Sunny Isles Beach, one of the most luxurious South Florida waterfront resort and residential complex’s South Florida has ever seen. The opening will mark the 4th Avra restaurant in the US, following Avra Madison and Midtown in New York City and Avra Beverly Hills.

Scheduled to open in late 2021, the 10,000 square-foot Greek estiatorio was designed by the award-winning STA Architectural Group. The airy space has a distinctly sophisticated, yet warm character and features floor-to-ceiling windows, high ceilings and a glamorous aesthetic. Diners will be able to hear the sounds of the waves crashing while they eat alfresco and savor oceanfront views, and a meal at the restaurant will offer a transportive experience.

The menu at Avra Estiatorio will offer a menu that focuses on Mediterranean-sourced seafood and traditional platter-style entrées made with imported ingredients. Greek specialties includ fresh fish, grilled or baked in salt and a selection of raw seafood over a dozen line-caught fish, beautifully displayed on an ice bar which is sourced directly from the nets of fisherman in Greece and will be flown into Miami daily. The menu will also feature a selection of Greek specialities salads, cheeses, tzatziki, spanakopita, octopus carpaccio, lamb chops and filet mignon. Every dish is finished with fruity, full-bodied olive oil, bottled exclusively for the restaurant from olives in Greece that are handpicked from ancient groves and pressed within three hours of harvest.

Avra will be located inside Villa Acqualina, a Mediterranean-inspired villa that’s the heart of The Estates with its many amenities including a spa, gym, movie theater, ice skating rink, a speakeasy style bar, a bowling alley and more.

The Estates at Acqualina will be home to 248 ultra-luxury residences delivering an exquisite living experience within a private gated community. Each estate in the sky with wide open views of the ocean will be equipped with the finest appliances, imported stone countertops, smart-home technology and 10-foot 6-inch ceilings and many will be delivered furniture ready. The development will feature lobbies created by the late fashion icon Karl Lagerfeld.

Those who purchase at The Estates will also have access to the neighboring Forbes Five Star and AAA Five Diamond Acqualina Resort & Residences. Residents will be able to take advantage of luxurious, personalized services from the resort, including children’s programming, nanny and child care services, pet care, dry cleaning and laundry services, limousine service, ESPA Spa access and additional dining options at three restaurants, Il Mulino New York, Costa Grill and the new Ke-uH Japanese fusion restaurant.

Residences at The Estates at Acqualina are priced from $4.6 to $14 million with penthouses priced up to $35 million. Construction began in early 2018 and will be completed in late 2021 to early 2022.

For more information about The Estates at Acqualina, private showings or purchasing/ leasing information please fill out the form below:

The Allen Morris Company Proposes Ponce Park Residences in Coral Gables

The Allen Morris Company, headquartered in Coral Gables for nearly 20 years, has announced plans for Ponce Park Residences. The project will consist of 171-luxury residences with retail and restaurant space on the ground level. Most significantly, the project will create a ¾ acre open-air space with an urban park dedicated to the City of Coral Gables.

Ponce Park Residences would be located at 3000 Ponce de Leon Blvd., in Coral Gables, FL, and has received significant input from the City, including three City of Coral Gables Board of Architects meetings to enhance the design of the public park and open space. Groundbreaking is anticipated for Q4 of 2021 with an expected completion date of Q3 2023.

The internationally acclaimed Oppenheim Architecture firm is the lead architect overseeing the design of the rotunda, Mediterranean-styled Ponce Park Residences, while Naturalficial, Inc. will be designing the development’s 31,470 sq. ft. open-air greenspace.

“As longstanding residents of Coral Gables for 4 generations over the past 73 years and with The Allen Morris Company headquartered at the award-winning Alhambra Towers office building in Coral Gables for nearly 20 years, we are very proud to propose a plan for Ponce Park Residences, which would create a beautiful place to live and an urban park area dedicated to the City” said W. Allen Morris, Chairman and CEO at Allen Morris Company. “It truly achieves our goal of honoring the rich Mediterranean history and style that has a storied presence in the city, while further redefining luxury for modern-day living in the Gables.”

The design of the building is inspired by George Merrick’s Coral Gables City Hall and its coral rock rotunda and arcade. Like City Hall, Ponce Park Residences’ podium façade will be covered with natural stone, above which the building tapers back significantly to the project’s slender 80-foot-wide upper floors. No expense was spared in the design and quality of materials for the project.

One-, two-, and three-bedroom residences would range in size from 750 sq. ft. to over 1,780 square feet. Residences would boast 10’ – 12’ ft. high-ceilings with floor-to-ceiling windows. The entire ground floor area will encompass a retail-lined pedestrian paseo joining the park to the northern side of the project, expansive double ceiling height arcade modeled after the historic Hotel Colonnade on Miracle Mile, dozens of specimen shade trees, multiple water features and various seating areas for the public to enjoy.

The beautifully landscaped ¾ acre urban open-air space will feature a public park the Allen Morris Company is dedicating to the City of Coral Gables for the benefit of the Coral Gables community. In total, the project will provide a public benefits package above and beyond what is typically required by providing:

• A contribution of $2.4 million to pay for the creation of the park and integration of the right-of-way surrounding the park

• Maintenance of the park into the future at no cost to the City

• A donation of an additional $1 million towards the beautification of the Fred B. Harnett (Ponce Circle) Park

• The contribution of over $330,000 to the City’s parking fund

Michelin-Starred Korean Barbecue Restaurant COTE Opens In Miami Design District

COTE, the Michelin-starred and James Beard Award-nominated Korean Steakhouse™ by Simon Kim, has opened at 3900 NE 2nd Ave in Miami Design District. The opening is COTE’s first location outside of New York City since opening in 2017. COTE in Miami Design District spans a 5,892 square foot location offering 100+ seats in the dining room.

The interior was designed based on the New York City location by MNDPC and includes a lavish oval-shaped bar, red light dry-aging room, blue chip modern art and two private dining rooms. COTE offers an interactive dining experience with table-side smokeless grills with an exhaust system which ventilates air at 6.6X more frequently than standard restaurants. COTE has also installed a state-of-the-art Paragon Dedicated Outdoor Air System (DOAS), which continuously replaces indoor air with fresh air from the outdoors.

COTE’s menu includes 45-day, dry-aged beef which is prepared at the table on the smokeless grills. The menu also includes the highest grade of prime cuts and American wagyu that is dry-aged in the restaurant’s on-site red light dry-aging room. Meats are seasoned with COTE’s Signature Gastronome’s Salt, a proprietary salt blend composed of British Maldon salt, Himalayan pink salt, and Korean thousand-day sea salt. COTE also offers two tasting menus, The Butcher’s Feast® and a 10-course Steak Omakase™. COTE also offers an award winning beverage program curated by James Beard Award-nominated beverage director Victoria James and master sommelier Mia van de Water.

COTE is part of the influx of New York-based restaurants to recently open in Miami including Carbone and Osteria Morini.

Avison Young Oversees 28,503 SF Of Leases at TA Realty's Ponce Circle Tower In Coral Gables

Avison Young has negotiated two lease transactions totaling 28,503 square feet at Ponce Circle Tower, a class A office building at 2800 Ponce de Leon Boulevard in Coral Gables, Florida. Wicker, Smith, O’Hara, McCoy & Ford, P.A., signed a 27,238-square-foot long-term renewal, and Corona Family Limited Partnership signed a new 1,265-square-foot long-term lease.

On behalf of the landlord, TA Realty, Avison Young Principal Donna Abood, who is also Managing Director of the firm’s Miami office, Vice President Joe Abood, and Associate Peyton Dowd facilitated the transactions.

“Wicker Smith is the anchor tenant of Ponce Circle Tower, and securing another long-term lease commitment from the firm was of great importance to ownership,” said Ms. Abood. “Both the Wicker Smith renewal and the new lease with Corona Family Limited Partnership represent a tremendous team effort on the part of our project management, property management, and leasing teams as well as ownership.”

According to Avison Young research, office leasing activity in Miami remains steady with renewals making up the majority of notable lease signings. In the Coral Gables submarket, class A rental rates have grown to $47.49 which underscores the area’s continued health.

Avison Young has been the exclusive leasing agency for Ponce Circle Tower since 2019. The property consists of a 15-story tower supporting 146,202 square feet plus a six-story parking structure featuring a contemporary design with expansive glass and pre-cast curtail wall providing expansive views of Biscayne Bay, Coconut Grown, Downtown Miami, and Coral Gables.

New Urban Communities Sells Azul Apartments In Stuart For $15.5 Million

The Delray Beach-based New Urban Communities, led by Kevin Rickard and Tim Hernandez, has sold Azul Apartments in Stuart for $15.5 million to the San Diego-based public REIT DiversyFund Growth REIT. The price breaks down to roughly $316,000 per unit. The transaction was overseen by Stephen Nostrand and Alexis Shapiro with ONE Commercial Real Estate. Azul Apartments was developed in 2019 and features 49 units spread over 32,577 square feet of total developed. Units come in one, two and three-bedroom floor plans and amenities include a pool, spa, fitness center, media center, club room, walking trails and on-site management. Located at 201 SW Joan Jefferson Way, Azul Apartments rises three-stories on 1.6 acres of land which was leased by the city to the developer was designed by Martin Architectural Group.