Related Group Breaks Ground on Icon Marina Village In West Palm Beach

Related Group has closed on financing and broken ground on Icon Marina Village, located on the Intracoastal Waterway in West Palm Beach. The developer obtained a $95 million loan from Santander Bank and has begun construction overseen by Balfour Beatty. Related Group is targeting launching leasing in October 2022 with resident move-in beginning late-2022.

Located at 4444 and 4334 North Flagler Drive, Icon Marina Village will feature two luxury rental towers with 399 residences and a suite of amenities including a resort style pool, beach club, fitness center, courtyard, movie room and business center. The towers were designed by Arquitectonica and will rise 24-stories with interiors by Venus Williams’ V Starr Interior Design. Icon Marina Village is located on a 5.11-acre site but Related Group can build an additional 650 units on the 19-acre property.

Real Estate Developer Leads $560,000 Funding Round to Develop VR Gaming Experience

AEXLAB, virtual reality (VR) technology studio, has raised over $560,000 on Start Engine in just two weeks through a Regulation Crowdfunding (Reg CF) offering. Regulation CF, also known as equity crowding, is similar to Regulation A and allows companies to raise funds from the public. Start Engine is the largest crowdfunding platform in the U.S. and is advised by Shark Tank’s Kevin O’Leary.

The company is raising capital to continue developing unparalleled VR technology that gives gamers superior immersive, interactive and social gaming experiences. AEXLAB is led by CEO Jonathan Ovadia, real estate developer and licensed general contractor in Florida. The virtual reality gaming market size is expected to reach $92.31 billion by 2027, expanding at a compound annual growth rate of 30.2% over the forecast period.

“When Facebook lowered the barrier of entry to VR by launching Quest 2 in September 2020, we knew this was an inflection point in the market. With Miami currently rebranding itself as a tech hub, we thought it was the perfect time to go public with VAIL, our first gaming franchise,” said Ovadia.

Founded in 2015, the firm’s proprietary systems include solutions for haptics, audio spatialization, firearm simulation, virtual reality human interfaces, and real-time social and gaming networking technology. The closed alpha of the upcoming VAIL franchise has attracted professional e-sports competitive players and enthusiastic casual players alike. AEXLAB has created numerous bespoke experiences for Red Bull, American Institute of Architects, Epic Games and Valve.

The desire for social interaction and an immersive experience in gaming has been accelerated by recent events. In VAIL, players load into an interactive space and invite friends to socialize before queuing up for matches. AEXLAB supports all major headset manufacturers including Lenovo, Hewlett Packard, Oculus, Valve, HTC, Windows Mixed Reality and more.

For more information visit www.startengine.com/aexlab.

By Katya Demina

Gazit Horizons Set To Clear Brickell Development Site For Brickell Gateway Mixed-Use Tower

Gazit Horizons, a subsidiary of Gazit Globe, has applied for a demolition permit to clear the way for Brickell Gateway, their proposed 650,000 SF mixed-use tower which will be built in-between Brickell City Center and Mary Brickell Village. Located at 90 SW 8th Street, the ½ acre hard corner development site currently features a 3-story, 45,564 square foot building which has featured a selection of murals over the past several years.

Brickell Gateway will rise up to 48-stories and is expected to offer retail and office space as well as a hotel and residential component. Gazit Horizons acquired the land in July 2017 for $29.5 milion. Cushman and Wakefield is expected to oversee leasing.

AB Asset Management Acquires Residence Inn Coconut Grove From Hersha Hospitality Trust

AB Asset Management has acquired the Residence Inn Coconut Grove, a three-building, 140-unit hotel at 2835 Tigertail Avenue in Miami’s vibrant Coconut Grove neighborhood. The 2 acre property sold for $31 million, which breaks down to roughly $221,429. The seller was Hersha Hospitality Trust, led by Neil and Jay Shah. The transaction was overseen by Avison Young’s Florida Capital Markets Group led by Avison Young Principals John K. Crotty, CCIM; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; David Duckworth; Vice President Brian C. de la Fé; and Associates Emily Brais and Berkley Bloodworth. AB Asset Management LLC is managed by Getzy Fellig and Sam Zalmanov.

“The Residence Inn received strong interest because of its Coconut Grove location near the newly renovated CocoWalk retail and dining destination, the 750,000-square-foot mixed-use Mayfair in the Grove development, and several other exciting new projects that contribute to the area’s live-work-play appeal,” said Crotty.

Situated at the intersection of Tigertail Avenue and Mary Street, the property sits on over two acres at the entry-point of the Grove’s business district, just a few minutes walking distance from shopping, dining venues, and multiple parks overlooking Biscayne Bay. The neighborhood has proven itself as a destination for high-end condominium use, with recent high-rise developments Park Grove, Grove at Grand Bay, and Mr. C Residences.

Five New Tenants Including Bradesco BAC Florida Bank Sign At The Plaza Coral Gables

Five notable new tenants have signed leases at The Plaza Coral Gables, a Class A office building currently under construction in Downtown Coral Gables, developed by Agave Holdings. The tenants include Bradesco BAC Florida Bank, who leased 63,009 square feet for their headquarters; the Naples, FL-based digital payments firm ACI Worldwide Corp., who leased 27,712 square feet; private equity firm H.I.G. Capital, who leased 22,227 square feet; PNC Bank, who leased 7,039 square feet; and Raymond James, who leased 4,396 square feet.

Tere Blanca, Danet Linares and Andres del Corral of Blanca Commercial Real Estate represented Agave Holdings overseeing the new lease signings. Patrick Duffy of Newmark represented Bradesco BAC Florida Bank, Shay Pope of CBRE represented ACI Worldwide Corp and PNC Bank, Alan Kleber of JLL represented H.I.G Capital, and Todd Brandon of Cushman & Wakefield represented Raymond James.

Located in the heart of Coral Gables’ central business district, The Plaza Coral Gables consists of approximately 2.1 million square feet of mixed-use real estate on approximately seven acres and spans three city blocks. Construction on the North tower was completed in late 2020 and the South tower is expected to be completed by the end of 2021.

Located at 2801, 2901 and 3001 Ponce de Leon Blvd, just south of Miracle Mile in downtown Coral Gables, The Plaza Coral Gables features a 4.5 star 242-key Loews Hotel, two office towers, dining, retail and entertainment space, approximately 174 residential rental units, and +/-2400 parking spaces. The office component features 455,008 square feet, which is 30% leased. Other tenants include Fogo de Chao Brazilian Steakhouse, Next Level Lounge and The Butchery.

For more information about commercial leasing at The Plaza Coral Gables please fill out the form below:

Tour This $21 Million Miami Beach Estate Designed By Roman Architect Achille Salvagni

As Miami Beach’s residential real estate market continues to bring the heat, 810 Lakeview Drive has hit the market for $21,000,000. The stunning new construction estate was designed by world renowned Roman designer Achille Salvagni and is listed with Oren Alexander of Douglas Elliman.

Salvagni, who is known for his awarded designs and architecture, specializes in luxury residences, furniture and yacht interiors, conceived and designed this project for an international client who, given the current global climate, cannot travel here as frequently as intended and has decided to sell.

From the moment of arrival, the front façade complimenting the backyard’s appearance the estate is unlike anything South Florida has ever seen. The extraordinary home is situated on 111’ of Miami Beach’s Surprise Lake, with truly bespoke finishes by Salvagni throughout the entire property. The 7,951 square foot house offers five bedrooms, plus staff room, home gym, and steam room.

The lavish home features a grand entry gallery, double height living room with fireplace, formal dining room, enormous dine-in professional chef's kitchen with Wolf and Subzero appliances, sculptural bespoke designed cabinetry and 24-carat gold leaf detailing, a magnificent bronze staircase and two generously sized bedroom suites occupy the ground level, together with a patio with a spacious entrance, steam room, and garage. The home’s large windows and living spaces that open to the outdoors make the dialogue between outside and inside fluid.

The second floor master suite features a private deck, full bathroom and custom walk-in closets, and four more guest suites occupy this level. Each living space is detailed to the finest degree, from sensuous curvilinear interiors and walls to the use of extraordinary materials and processes, from handcrafted fixtures, millwork and floors, to extensive use of one-of-a-kind marble in bathrooms, heavy doors and cabinetry, and custom built closets and cabinetry throughout.

Outside features an infinity-surface, 90’ infinity pool at the water's edge, cabana, private boat dock, and patios and covered balconies occupy the stunningly manicured grounds.

810 Lakeview Dr. Miami Beach is listed for $21,000,000 with Oren Alexander of The Alexander Team with Douglas Elliman.

Images by Kris Tamburello for Douglas Elliman

For more information about 810 Lakeview Dr. Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

The Revuelta Architecture-Designed Ambienta Boutique Condo Launches Sales In Bay Harbor Islands

Ambienta Developers, led by Claudio Cordero and Carlos Balart, have launched sales for Ambienta Bay Harbor Islands. Ambienta will be a boutique condo located a 9901 W Bay Harbor Drive on the Bay Harbor Islands. The developers plan to break ground in June with completion estimated for 2023. Ambienta is designed by Revuelta Architecture with interiors by BEA Interiors Design and will rise 7-stories and feature 30 units. Units will range from 1,229 square feet to 1,662 square feet and are available in two and three bedroom floor plans. Amenities will include a rooftop garden oasis, infinity-edge swimming pool, zen garden outdoor yoga/meditation space, children’s play area, state-of-the-art fitness center, resident’s social room and an impressive double-height lobby with reception seating. The grounds will feature landscape design by David Odishoo. Pricing starts at $761,900 and runs up to $1.2 million with sales and marketing exclusively overseen by Fortune International Group.

For more information about Ambienta Bay Harbor, private showings or purchasing/ leasing information please fill out the form below:

Adler Group's Nexus Riverside Mixed-Use Multifamily Approved In Downtown Miami

Adler Group’s mixed-use Class-A multifamily project Nexus Riverside has been approved by Miami’s Planning & Zoning Department. Located at 230 SW 3rd St., Nexus Riverside will be a multi-phase project in which Phase 1 will feature 428 apartments units, 278,379 square feet of office, 4,000 square feet of retail and 1,307 parking spaces. The office component will be used by the City of Miami and will replace their existing adjacent Miami Riverside Center. The residential tower will rise 38-stories, 430’, and the office tower will rise 20-stories.

The multifamily component will offer residents over 40,000 square feet of amenity space split between two amenity decks. Amenities include an oversized rooftop pool providing 360° unobstructed views of the Miami skyline, a state-of-the-art fitness center with on-demand training and a yoga/spin room, a social club, media lounge, game room, co-working-style business center, and a meditation garden.

Adler Group is currently awaiting their construction permit which they initially applied for in December 2020 to commence construction.

57 Ocean Reports Over $90 Million In Sales Over Past 3 Months, Now 80% Sold

57 Ocean condominium on Miami Beach’s iconic Millionaire’s Row has announced that it has achieved an unprecedented $90 million sold in 3 months in the midst of the global pandemic. The ultra-luxury oceanfront condo tower is now over 80% sold as construction is expected to be completed Fall 2021. Of those that have gone under contract in the last 90 days includes five of the property’s largest units, the Sky Residences. Sky Residences feature flow-through formats with both city and ocean views spanning four bedrooms, five-and-a-half bathrooms, plus service quarters. Sky Residences are priced from $8.5 million.

High-net-worth individuals have been attracted to 57 Ocean from across the globe, but primarily from New York, which accounts for over 65% percent of the tower’s domestic purchases. Buyers have singled-out the project for its unparalleled location, contemporary designs by Arquitectonica and interior architect Patricia Anastassiadis, and robust assemblage of holistic “Blue Wellness” amenities and services.

“57 Ocean continues to outpace the rest of the area’s ultra-luxury condominium market,” said Marcelo Kingston, Managing Partner of Multiplan REAM. “Our buyers understand the unprecedented value of living on the ocean in a brand-new, state-of-the-art boutique building that is not only well-sited in a tranquil, family-friendly neighborhood, but has such a distinct focus on holistic wellness. This project exceeds all expectations.”

“There’s no doubt that 57 Ocean is one of the most highly anticipated projects to enter the global prime property market,” said Edgardo Defortuna, President and CEO of Fortune International Group, the exclusive broker of 57 Ocean. “As evidenced by the sales momentum, the excitement only continues to build among well-heeled homebuyers who are increasingly attracted to some of 57 Ocean’s largest, flow-through floorplans -- the spectacular Sky Residences.”

Located at 5775 Collins Ave., 57 Ocean is the brainchild of Dr. José Isaac Peres, Multiplan Real Estate Asset Management’s founder and one of the most globally acclaimed developers, and is led by managing partner Marcello Kingston. The condominium will offer 81-units which come in two to four-bedroom floor plans, starting at $1.5 million with sizes ranging from 1,200 to 3,600+ square feet, as well as 18 flow-through Sky Residences. The well-appointed homes will feature expansive terraces, each stretching 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform.

Five-star amenities will include a holistic spa by One Ocean Beauty and products from its marine-based skincare line, a wellness pavilion with a thermal suite and a relaxation and meditation area, along with poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center. There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more.

Check out PROFILEmiami’s full coverage of 57 Ocean

Renderings via DBOX

For more information about 57 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Inside "A Taste Of Shoma Bazaar" At Sanctuary At Doral, Hosted By Shoma Group And Braman Miami

SPONSORED - In celebration of the upcoming debut of the area’s most exciting new restaurants at Shoma Bazaar food hall, Miami-based developer Shoma Group hosted an exclusive evening at Sanctuary at Doral featuring the latest in Doral dining in partnership with Braman Miami.

On-site tastemakers were treated to the first taste of what’s to come at Shoma Bazaar, a 14,000-square-foot innovative food hall that will be situated at the main entrance of Sanctuary at Doral, a newly-opened six-story luxury rental community. Developed and managed by industry veteran Masoud Shojaee, CEO of Shoma Group – who over the past 31 years has developed more than 10,000 homes and condominiums, and completed over $5 billion in real estate transactions – Shoma Bazaar at Sanctuary at Doral is the firm’s first food hall concept and represents the first of many future Shoma Bazaar food halls set to be incorporated into each of Shoma Group’s upcoming rental communities. Each Shoma Bazaar will be home to approximately a dozen unique restaurant vendors.

The invitation only culinary event featured 7 of the 14 artisanal vendors that have signed on to open the food hall including B.F.F. “Burgers, Franks, Fries”, Doce Provisions, Ella’s Oyster Bar, Shahs of Kabob, Sweet Manifesto, Trattoria Dal Plin and The Market Milkshake Bar. Other vendors will include Pubbelly Sushi, Tintto By Tributto, In Ramen, Juice & Java, Eating House and Ash Pizza Parlor.

The evening also featured a display of the latest Braman BMW and MINI Cooper vehicles where guests had the opportunity to enter to win an exclusive raffle for a weekend getaway on a BMW or MINI courtesy of Braman Miami. One lucky winner was selected by Braman Miami to enjoy their complimentary weekend ride.

Serving as a kickoff for upcoming regularly scheduled events that will take place year-round at Sanctuary at Doral for residents and commercial tenants, hosts Shoma Group and Braman Miami rolled out the red carpet as event-goers enjoyed cocktails and delicious samplings from the participating restaurants getting a true taste of what’s to come once Shoma Bazaar officially debuts this Fall.

“We’re incredibly proud to introduce the first glimpse of Shoma Bazaar to our Sanctuary at Doral residents and guests. Shoma Bazaar will be more than a food hall. Our vision is to create a culinary and visual adventure, and a true dining destination for the area,” said Masoud Shojaee, President and CEO of Shoma Group. “We recently welcomed our new Sanctuary residents and this is an exciting occasion as we usher in this unique lifestyle and sophisticated community to Doral.”

As one of Doral’s newest luxury rental communities for upscale living and shopping, Sanctuary at Doral was completed in December and encompasses 226 units with one, two, and three bedroom residences. The thoughtfully designed floorplans feature state-of-the-art finishes and cater to a variety of renters offering infinite indoor and outdoor resort-style amenities, along with a vibrant social scene and close proximity to trendy shops, diverse entertainment venues, and arts culture. Situated on eight acres of land, Sanctuary at Doral boasts the largest outdoor space of any rental community in Doral and is primed for outdoor entertaining and relaxation offering lushly landscaped courtyards, and contemporary art and sculptures throughout the property.

“Sanctuary at Doral was the perfect venue for us to showcase our latest BMW and MINI Cooper models,” said Mike Rodriguez, General Manager of Braman Miami. “Doral is an important market for us and we were very pleased to partner with Shoma Group and offer guests the opportunity to experience this exciting addition to the area, and provide an indulging weekend getaway in one of our premium vehicles.”

A collection of car dealerships spanning Biscayne Boulevard in downtown Miami, Braman Miami was founded in 1975 by businessman Norman Braman with a single Cadillac dealership. Today, the dealership sells and services new and pre-owned BMWs, Bentleys, Rolls-Royces, Bugattis, Cadillacs, Minis, Hyundais, and Genesis, as well as an array of other certified pre-owned vehicles and pre-owned exotics, consistently ranking among the top dealers in the United States.

The company has a long history of supporting its local community, enjoying a proud legacy of supporting various nonprofits and important causes that encompass the realms of art, health and education.

For more information please visit www.sanctuarydoral.com.