OKO Group And Cain International's Missoni Baia Has Topped Off At 57-Stories In Edgewater

OKO Group and Cain International’s Missoni Baia tower in Miami is one step closer to completion after topping out at 57 stories, 649’. The Missoni-branded luxury condominium is designed by Asymptote Architecture, led by Hani Rashid, and is located at 777 NE 26th Terrace along Biscayne Bay in the City’s Edgewater neighborhood. Most of the tower’s 249 units are already sold ahead of its projected completion later this year with $110 million in sales since January 2021.

Missoni Baia is being developed by a partnership between OKO Group, one of South Florida’s most active and successful luxury development firms helmed by international real estate mogul Vladislav Doronin, and Cain, a privately held investment firm with approximately $6.7 billion in real estate equity, debt and leisure business investments led by Jonathan Goldstein. Sales and marketing are led by Fortune Development Sales.

“Miami has garnered much attention in the last year and is arguably one of the most dynamic cities in the United States, possibly the world at the moment,” said Jonathan Goldstein, CEO of Cain International. “We are thrilled with the momentum we are seeing across our residential portfolio and remain confident that Missoni Baia will continue to benefit from its coveted waterfront location, proximity to Miami’s CBD and Design District, as well as its world-class design features and amenities. Reaching this milestone is a huge step for Cain and our partners and we look forward to continuing to support Miami’s growth into a global gateway city.”

The top off announcement comes as Miami’s real estate market experiences a surge in sales from domestic buyers, specifically coming from major U.S. cities across the Northeast and Midwest regions, enticed by South Florida’s desirable quality of life, lower business and living expenses, and tax-friendly policies. Since January 2021, Missoni Baia has completed over $110 million in condo sales, widely purchased by domestic buyers either buying second homes or looking to relocate to Miami completely.

Missoni Baia’s modern architectural design and sleek, minimalist art-inspired façade is being brought to life by architect Hani Rashid of Asymptote Architecture, with a richly layered landscape designed by Enzo Enea of Enea Garden Design.

“With its exceptional location, spectacular views, superior quality and top-of-the-line luxury amenities, Missoni Baia stands out as one of the best value-buys in all of Miami – and we’re excited to soon welcome residents to their new homes,” said OKO Real Estate CEO Vanessa Grout, who oversees sales for OKO Group. “As we quickly approach the building’s completion later this year, purchasers are seeing a new standard of construction and design brought to Miami’s best new neighborhood.”

As Missoni’s first-ever branded residential tower, the Italian design and fashion house is incorporating its trademark colorful design palette and Missoni Home furniture collection into the tower’s vibrant interiors, including all public spaces and amenity areas. New York designer Paris Forino, under the creative direction of Angela and Rosita Missoni, has envisioned the tower’s elegantly crafted residences, furnishings, and artworks.

Priced from about $650,000 to upwards of $9 million, residences at Missoni Baia range from one- to five-bedroom layouts measuring between 776 and 3,788 SF in size. Every residence offers direct bay or city views, with panoramic vistas of Biscayne Bay, Downtown Miami, Miami Beach, and the Atlantic Ocean.

Residences feature 10’ ceilings, 8’-10'-deep terraces, impact-resistant glass windows and sliding doors, floor-to-ceiling glazing, marble-encased bathrooms with European style lacquered cabinets and mosaic tile floors, and custom-designed kitchen cabinetry with top-of-the-line appliances.

Amenities at Missoni Baia will include an array of sporting and leisure activities that will integrate the comfort of a luxury resort with the ambiance of a private residence. Residents will enjoy five separate pools including an Olympic-sized swimming pool, a cantilevered infinity pool with limitless views of Biscayne Bay, a lounge pool, whirlpool spa, and a children’s pool and splash pad area. The tower will also feature two poolside resident lounges, private cabanas, elevated tennis courts, one of the city’s largest and elegantly appointed spas with sauna/steam facilities and private massage treatment rooms. Additional perks include a state-of-the-art gym with 180-degree bay views, dedicated yoga and Pilates studios, a kids’ club and indoor play area, a hair and nail salon, a pet spa, and a private screening room. Residents will also receive exclusive membership access to the Grand Bay Club on the beachfront of Miami’s Key Biscayne.

Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways,, the two main arteries connecting the City of Miami and Miami Beach, Edgewater has fast-emerged as the epicenter of the new Miami. The surrounding neighborhoods of Downtown’s Arts & Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach put residents within blocks of luxury retail shops, high-end restaurants and world-class arts and culture venues.

Missoni Baia is OKO Group and Cain International’s latest residential tower in Miami. The team has another two developments under construction nearby, including Una Residences, a 47-story luxury condominium on the waterfront in the City’s South Brickell District, and 830 Brickell, a class A-plus office tower in the heart of Downtown’s Brickell Financial District – both designed by Adrian Smith + Gordon Gill. Additionally, OKO Group recently received approval to bring an Aman Hotel & Residences to Miami Beach’s Faena District.

Images via Golden Dusk Photography; Renderings via OKO Group & Cain International

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

Multifamily Development Site For Approved M Tower Sells For $10 Million In Downtown Miami

The New York-based Lions Group has acquired a development site in Downtown Miami for $10 million which has a project known as M Tower approved to be built. M Tower is planned to rise 53-stories and offer 440-unit apartment units, located at 56 SW 1st St and 65 SW 2nd Street. Colliers' Urban Core Division Executive Managing Director Mika Mattingly and Associate Cecilia Estevez represented the seller, the Aventura-based S2 Development, and EP Realty’s Estrella Perez represented the buyer, Lions Group, in the transaction.

“The downtown Miami market has never been more active than it is right now,” Mattingly said. “This market is poised to see the largest influx of investors ever from other states and this transaction highlights that trend. New York-based Downtown 1st Street LLC’s purchase of this development site proves that the migration from the Northeast has only accelerated as the vibrant downtown neighborhood continues to evolve.”

M Tower will consist of 622,783 SF of gross building area, with 25,732 SF of office space and 1,089 SF of retail. The development site also includes a parking garage owned by the Miami Parking Authority (MPA), located at 70 SW 1st St. The 16,718 SF site includes air rights, waivers, and the ability to build residential units over the adjacent parking garage. The proposed units are targeted toward students and young professionals looking for a connected urban experience, currently the largest market of downtown residents.

The project has Urban Development Review Board (UDRB) approval, which it obtained through an extensive RFP process. The entitlement provides additional air rights, waivers, and the ability to construct a residential tower over the adjacent Miami Parking Authority (MPA) garage.

Downtown Miami continues to experience robust demand as it attracts a younger, wealthier and more educated population. Downtown is the largest employment center in Miami-Dade, with more than 175,000 employees and a day-time population of 235,000. The city is home to the highest concentration of banks and financial institutions outside of Manhattan, and tourism is at an all-time high with more than 6 million visitors per year. M Tower stands to benefit from the area’s rapid population growth. Since 2010, the population of Downtown Miami has increased approximately 52% and is expected to increase another 16% by 2024.

Master Brokers Forum Listing: Check Out This Sunny Isles Beach Sky Residence Overlooking The Ocean

Master Brokers Forum: Master Brokers Forum board member Karen Matluck presents this magnificent Ocean Two residence with sublime views that will make you run (not walk!) to this spacious home in the sky. The instant you walk into your private double elevator foyer entrance and open your doors, ocean and sky will greet you. This condo is spacious, light, bright, and “smart”…so smart that when you turn the lock at the entrance, all lights, shades, and music will go on at the same time. AMAZING! Three fabulous bedrooms, each with a gorgeous view. The owner's suite has added incredible closet spaces, and the bathroom offers a double sink, double showers, and a jacuzzi tub to relax in and soak up the views. This home has been completely buffed, painted, and prepped for the pickiest of buyers. (All you need is your toothbrush.)

Ocean Two 19111 Collins Ave Unit 3808, Sunny Isles Beach is currently listed for $2,450,000 with Karen Matluck of Compass, who can be reached at 305-335-1010 and/or karen.matluck@compass.com

 The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.

Imagery via Karen Matluck/ Compass

This article was produced in partnership with Master Brokers Forum

Beach Towing Purchases Sunset Harbour Commercial Property For $6.5 Million

Longtime Sunset Harbour tenant Beach Towing has acquired a commercial property South Beach’s Sunset Harbour neighborhood for $6.5 million. The property is located at 1349 Dade Boulevard in Miami Beach and consists of a 2,600 SF building and a 17,932 SF lot.

The transaction was overseen by Colliers Urban Core Division led by Colliers' Executive Managing Director Mika Mattingly and Associate Cecilia Estevez, who represented the seller Festa Family Trust. Eric A. Gonzalez of Roca Gonzalez, P.A. was legal counsel representing the Festa Family Trust in the sale of the property.

“Sunset Harbour has undergone an incredible transformation,” said Mattingly. “This is the first neighborhood I farmed, selling a good chunk of the market’s available land at the time. The area has exploded with development since then.”

Beach Towing has operated an automobile storage and towing company at the property since 1986. The towing company began operations when the property was within an Intensive Commercial District (C-6), which grandfathered the company in when the zoning was changed three years later to Commercial Medium Intensity (C-5). Beach Towing operates as a legal, non-conforming business.

Sunset Harbour has been one of South Florida’s most in-demand neighborhoods in Miami. Miami Beach developer Ronny Finvarb recently acquired a 10,200 SF Sunset Harbour site at 1790 Alton Road for $4 million. Down the road Eighteen Sunset, a mixed-use residential and commercial building featuring office space and an ultra-luxury penthouse, is currently being developed by Deco Capital Group.

Alco International Group Hits $75 Million Sell Out Of Adagio Fort Lauderdale

Adagio Fort Lauderdale, a luxury condominium developed by Alco International Group, has achieved its $75 million sell out with development sales let by ONE Sotheby’s International Realty’s Development Division.

The 10-story boutique building features spacious, flow-through, three-bedroom, three-and-one-half bath residences ranging from 2,383 to 4,085 SF. Positioned along the widest stretch of Fort Lauderdale’s Intracoastal waterway, Adagio Fort Lauderdale Beach features panoramic waterfront views and a private marina with six dock slips and direct access to the ocean.

In addition to the private marina, amenities include a scenic roof-top pool and a second ground-level pool overlooking the Intracoastal waterway, private cabanas, fitness center with a cardio and yoga studio, clubroom with coffee bar, pet-friendly atmosphere with grooming station and ample private storage.

Images via Adagio Fort Lauderdale, One Sotheby’s International Realty

Modern Chinese Dinner Club Concept Jia Opens in Miami Beach's South of Fifth Neighborhood

A brand new modern Chinese Dinner Club bringing elevated Cantonese-style cuisine and eclectic elegance has opened in Miami Beach’s South of Fifth neighborhood in South Beach. Led by local restaurant veteran and hospitality entrepreneur, Ken Ray, Jia, is the first concept to introduce elevated Chinese cuisine to the area, spearheaded by award-winning internationally renowned Executive Chef Weng Choon “William” Lai, with notable expertise in the Modern Cantonese Culinary Arts. Jia extends the ultimate upscale South Beach dining and nightlife experience, in a relaxed and welcoming setting that fuses high-style design with an edgy yet sophisticated ambiance.

“We are beyond thrilled to finally be able to open the doors to Jia and bring such a unique experience to the South of Fifth area – a genuine synergistic fit,” says Ken Ray, Owner of Jia. “From the very start, we let the neighborhood and space dictate the Jia concept. The South of Fifth community has the heart of a small island in the Pacific, and the vibrancy of an exceedingly electric city. There couldn’t be a more ideal spot for Jia’s introduction in Miami.”

Jia’s menu presents an elevated combination of authentic Cantonese-style Chinese dishes with a contemporary spin on the classics, that exudes an elegant fusion of ingredients and flavor profiles. The restaurant’s executive chef, Weng Choon "Wiliam" Lai, has earned him many awards, including the Gold Award at the Chinese Cuisine World Championship Competition (2016), the Gold Award at the 19th FHC China International Culinary Arts Competition (2017), and the Asian Gourmet Chef Individual Special Gold Award (2017). Having held lead roles in multiple prestigious restaurants in Beijing, Thailand, Cambodia, and Macau, including the Michelin guide-listed Pak Loh Chiu Chow restaurant in Macau, Jai’s culinary focus is poised to raise the bar for modern Chinese cuisine standards, beyond that of just South Beach.

One of Jia’s standout dishes is Chef’s Master Char Siew, an iconic honey-roasted pork dish representative of authentic Chinese BBQ culture, that has long been a staple of tradition in Chef Weng Choon’s hometown. Chef adds his own creative take to the dish by infusing white wine as the star ingredient, to replace the norm Chinese Rice Wine.

There is also a specialty late-night menu available Thursdays through Saturdays, from 11PM-1AM, featuring a diverse selection of delicious bites such as Edamame Dumplings, Crispy Honey Garlic Chicken, Prawn Siew Mai, and many more.

“Jia’s menu fuses authentic Chinese delicacies with a contemporary twist that emboldens each dish with a variety of seasonings and spices to create that strong depth of flavor,” says Chef Weng Choon “William” Lai, Executive Chef of Jia. “It’s a really exciting menu that doesn’t fall short on offerings for guests to enjoy from Jia’s Crispy Mushroom Salad, to Black Truffle Sticky Rice, Short Rib Dumplings, Pekin Duck, Alaska Crab Cream Egg, and so much more!”

Jia’s cocktail program is led by acclaimed local bartender and internationally-recognized Bartender of the Year Finalist at the 2013 United States Bartenders’ Guild and DIAGEO World Class U.S. Bartender Competition, Michael Parish. Having worked alongside some of the city’s top bartenders at two of Miami’s local’s favorite establishments, Broken Shaker and Sweet Liberty Drinks & Supply Co., Parish has designed a uniquely elevated cocktail menu to perfectly complement Jia’s signature Chinese cuisine.

One of the menu’s headliner cocktails is the delicately crafted Jungle Bird, made with Baijiu, Mezcal, Strawberry-Infused Apertivo, Grilled Pineapple, and Fresh Lime. Guests can also look forward to a tableside cocktail service and an extensive champagne pairing program, available by the glass and bottle.

Jia’s ambiance embodies the playfully polished vibe of its South of Fifth neighborhood home, with a design that reflects Jia’s bold personality and inherent cultural definition of appreciation and affection. An inspired fusion of Chinese, Art Deco, and Tropical Flair, merge to emit a high-energy spirit that reflects edgy modern elegance throughout the 2,500 sqft. space. International design consultation firm, Casa Conde & Associates, worked hand-in-hand with Jia’s founder, Ken Ray, to conceptualize every minute detail of the venue, from the Chiang Mai Dragon veiled walls to the rustic natural wood accents and focal bamboo chandeliers.

At the middle of the dining room area lies an inviting 12 person seated wrap-around marble bar. Here, Ray tapped famed Miami Ink tattoo artists, Ami James and Morgan Pennypacker to create custom hand-painted Asian tattoo-styled murals to complement the bar’s Raffia backdrop adorned with vibrant detailed Chinoiserie decorative art.

The restaurant features a glamorously decorated private dining lounge and spacious outside dining patio. The private lounge area/dining room lives in the back of the restaurant, with seating for up to 25 guests, offering a closed-off space for exclusive dinner parties and elevated entertainment scheduling such as Karaoke night, which will soon roll out as one of Jia’s weekly night programs.

Jia is located at 808 1st St. in Miami Beach.

Images via World Red Eye/ Seth Browernik

Onda Residences Luxury Condominium Opens Brand New Waterfront Sales Gallery in Miami’s Bay Harbor Islands

CMC Group and Morabito Properties, the developers behind Miami’s newest luxury condominium development, Onda Residences, have announced the official opening of a new state-of-the-art waterfront sales gallery in Bay Harbor Islands. The Onda sales gallery showcases the modern interior elements, quality materials and high-end finishes that emulate the sophisticated look and feel of the 41-unit boutique development imagined by world-renowned Italian designers A++ Sustainable Architecture. Now open to the public at 10301 East Bay Harbor Drive, Onda’s sales gallery is situated directly adjacent to the condominium’s future waterfront site along Biscayne Bay. Construction of Onda is slated to get underway later this year and be completed in 2023.

Fortune Development Sales is managing sales and marketing for Onda Residences, with nearly 40 percent of the development’s units already pre-sold since launching sales in March, with a majority of buyers hailing from the U.S.

Onda’s sales gallery features a scale model of the building, sample renderings and views, as well as a model kitchen, living room and master bathroom. The interior décor, designed by A++ Human Sustainable Architecture, incorporates natural materials and textures amid light wooden floors, stone and marble accents, and mid-century style furnishings – all in tones of white, beige, gray, brown and gold. Lush green foliage and planters are incorporated into every room, with views of the turquoise waters of Biscayne Bay on full display. Outside on the waterfront deck, oversized lounge furniture pieces invite guests to take in the ocean air while emulating the relaxing atmosphere of Onda’s rooftop pool deck.

Onda’s 41 impeccably finished residences include two- to four-bedroom layouts measuring between 1,809 to 3,525 square feet, with four penthouse residences up to 5,073 square feet in size – two of which will include private rooftop pool decks. Prices range from $1.8 million to over $9.5 million.

All residences will feature an office/den, private and semi-private high-speed elevators, floor-to-ceiling impact-resistant sliding glass doors and windows, spacious tiled terraces with private gardens, open floor layouts with up to 9-foot grand ceiling heights, fully-accessorized Snaidero kitchens with top-of-the-line Miele appliances, bathrooms with Italian marble and wood cabinetry, exquisite Italian flooring throughout, energy-efficient air conditioning and heating systems with ultra-quiet technology, and air and water filtration systems.

Located just west of the world-class shopping mecca Bal Harbour Shops, Bay Harbor Islands is one of the most sought-after residential neighborhoods in Miami. The exclusive two-island waterfront enclave is situated roughly two miles north of Miami Beach and neighboring Indian Creek Island, a private island famously known as “Billionaire Bunker” for its roster of celebrity residents. Bay Harbor Islands is renowned for its charming small-town community vibe, proximity to Miami’s poshest retailers and restaurants, and stunning waterfront location and views. The walkable family-oriented village also offers an abundance of parks and green space, along with access to one of the best schools in Miami-Dade County.

Onda – also known as the Italian word for “wave” – has been architecturally designed by Bernardo Fort-Brescia of Arquitectonica, with interiors imagined by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture, and lush landscaping by award-winning landscape architect Enzo Enea of Enea Garden Design.

Among Onda’s standout features is over 300 feet of bay frontage, a private marina for the exclusive use of residents with boat slips, a water sports launch dock with available kayaks, paddle boards and inflatables, and direct ocean access through Miami’s Haulover inlet.

Building amenities and features will include a rooftop pool deck and lounge area; a state-of-the-art fitness center with Technogym equipment, a yoga studio, a spa with massage treatment rooms, changing facilities, and steam bath and sauna rooms. A private marina for the exclusive use of residents with boat slips, a water sports launch dock with available kayaks, paddle boards and inflatables, and direct ocean access through Miami’s Haulover inlet. Onda will also feature personalized services, advanced security and technology along with a front desk reception, covered valet drop-off area, personal parking spaces, electric vehicle charging stations and bicycle storage, and residential storage space. The building will offer an integrated digital concierge along with readily accessible WiFi throughout all public spaces, and FTTH (fiber to the home) technology for voice, video and high-speed internet.

For more information, including preconstruction sales opportunities, please contact Fortune Development Sales at (305) 344-1234 or info@ondaresidences.com and visit the development’s sales gallery at 10301 East Bay Harbor Drive, Bay Harbor Islands, FL 33154.

Learn more at www.ondaresidences.com.

Renderings:

This article was produced as part of a partnership with ONDA Residences.

One Of The Largest Multifamily Portfolio's Assembled In Miami's Little Haiti Trades For $11.6 Million In Off-Market Transaction

One of the largest multifamily portfolios ever assembled and sold in Miami’s fast-growing Little Haiti neighborhood has sold for $11.6 million. Secamar LLC sold Buena Vista Gardens, the 89-unit portfolio at 5601 NW First Ave., to Bowery Properties, led by Thomas Neary. The transaction was overseen by DWNTWN Realty Advisors Executive Skyler Marinoff who represented both the buyer and seller in the off-market transaction. City National Bank provided acquisition financing to the buyer which closed on July 23.

“I am thrilled to complete this transaction, which underscores our firm’s creativity, strong relationships and role as a market leader,” Marinoff said. “Little Haiti is seeing significant multifamily investment activity in conjunction with the neighborhood’s overall expansion. Large-scale development in the pipeline for Little Haiti and surrounding neighborhoods will further fuel investor interest.”

Miami City Commission Approves Savino Miller-Designed Baywalk And Riverwalk Design Guidelines For Downtown Miami and Brickell

The Miami City Commission has approved the Savino Miller Design Studio-designed design guidelines for the Miami Baywalk, a priority of the DDA (Downtown Development Authority) and achievement that has been over 40 years in the making. The effort dates back to the 1979 Dan Paul ordinance requiring 50-foot setbacks along the waterfront and requiring developers to build and maintain a 25-foot wide public promenade.

The Miami-based Savino Miller Design Studio was selected by the Downtown Development Authority to design the baywalk in 2017. The approved design will make the Baywalk one uniform pathway that is well lit and aesthetically attractive. The design provides resiliency and is both functional and sustainable to protect the shoreline. The pedestrian pathway will also be well lit for safety as well as feature public art and lush landscaping.

The vote amends the City's Miami 21 code to include required design guidelines, carrying big implications for developers planning future projects along the water. From this point forward, any permits pulled for new development or significant renovations to existing properties will have to abide by the ‘Waterfront Walkway Design Guidelines’ that provide a clear and cohesive vision for the design and construction for both the Baywalk and Riverwalk. The 4.5 mile baywalk and riverwalk will feature a uniform plan for seating, paving, lighting, landscaping, etc. Areas zoned for singe-family homes and duplexes will be exempt from the guidelines.

Renderings via Savino Miller Design Studio

Singapore-Based PRIME US REIT Acquires One Town Center Office In Boca Raton For $99.5 Million

The Singapore-based Prime US REIT has acquired the One Town Center office building in Boca Raton for $99.5 million. The sale price equates to $520 PSF and a 5.8% CAP rate. The seller was a joint venture between the buildings developer, the Boca Raton-based CP Group, who is the property manager and developed the building under their former name Crocker Partners, and New York City-based Siguler Guff & Co. CP Group was represented in the transaction by CBRE Vice Chairman Chris Lee, EVP José Lobón, VP Amy Julian, financial analyst Andrew Chilgren, and associate Royce Rose. The California-based KBS assisted the buyer in procuring the deal.

CP Group will continue to manage the property which was over 95% leased at the time of sale. Prime US REIT plans to renovate the common areas, lobby and restrooms.

One Town Center is a 191,294 SF office building developed in 1991 by Thomas Crocker. and located at 5355 Town Center Road. It last traded in 2014 for $81 million but was only 34% occupied at the time of sale. One Town Center rises 10-stories and features 709-parking spaces along with tenant amenities which include a café, restaurant, full security system, balcony access and a fitness center.

Image via CP Group