Pura Vida Continues Expansion With Announcement Of Eighth Location In Bay Harbor Islands

Pura Vida has announced the highly-anticipated opening of its eighth all-day café and locals beloved wellness hotspot, opening this October in the vibrant coastal town of Bay Harbor. Since the brand’s inception in Miami Beach in 2012, Jennifer and Omer Horev, the husband/wife duo behind the prominent health-focused restaurant staple, have been steadily expanding the Pura Vida name, upholding a total of ten current locations, two of which are also slated to unveil before the end of this year. Bay Harbor marks the Horev’s next upcoming opening venture, poised to become the neighborhood’s go-to breakfast spot, bakery, and all-in-one coffee shop destination, for locals and visitors alike.

“We’re really looking forward to bringing Pura Vida to the Bay Harbor neighborhood. It’s the perfect place to extend our footprint here in Miami, in that it also gives us the gracious opportunity to serve its neighboring communities of Surfside, Sunny Isles, North Miami, and Keystone Point as well,” said Omer Horev, Chief Executive Officer and Founder of Pura Vida. “With the additions of our Aventura location, our newly expanded Edgewater location, and now Bay Harbor, all in 2021 alone, we’re constantly amazed and humbled at how well-received our brand has been, and continues to be, in the different communities we branch into. The Bay Harbor Islands neighborhood, home to a lively, family-oriented beach community, is the most idyllic area to immerse ourselves within.“

With a mission to promote a healthy lifestyle and anchor health and wellness-driven communities, Pura Vida has evolved into a hub for like minded individuals in each South Florida community in which the brand folds itself into. Pura Vida boasts a quality-drive menu catered to help kick-start one’s day, offering an array of fresh juices and superfood smoothies, canned kombucha, artisanal coffees, an extensive All-Day Breakfast Menu featuring a range of avocado toasts, free-range egg sandwiches, fresh bagels, wraps, and bowls, Raw organic Açaí Bowls, crisp and refreshing salads topped with wild ahi tuna, chicken, salmon, or vegan-lentil based adashah and a wide variety of gluten-free and vegan sweet treats. The new location’s menu will highlight a noteworthy selection of delicious freshly baked goods and mouthwatering breakfast sandwiches, made on in-house baked bagels and multigrain sourdough toast, perfect for a quick grab-and-go style breakfast or sit-down brunch with friends. Guests can also expect to see the brand’s signature menu favorites like the Mango Salmon, Spicy Tuna, and Vegan Lentil Bowls, as well as the Toasted Chicken Wrap and Jen’s Herb Salad. Recently introduced menu items include the SoBe Salmon Wrap, Fire Egg Bowl, and the Oatmeal Peanut Butter Energy Bites.

Quality food and first-rate service are uncompromising trademarks guests can look forward to at Pura Vida’s Bay Harbor outpost, situated on the vibrant palm-tree surrounded corner of Kane Concourse on Bay Harbor Islands. Located just walking-distance from Bal Harbor Shops and Surfside beach, the brand-new location inhabits 3,000 square feet of indoor and outdoor space. Familiar Pura Vida patrons will recognize their signature blue umbrellas, which will veil the new location’s outdoor patio area, offering a comfortable, breezy outdoor dining experience for up to 16 guests. The interior was designed to offer an authentic, harmonic ambiance that exudes a sense of casual comfort and minimalist urbanity. Natural tones and wooden finishes adorn the bright, airy space, which can fit up to 40 people, and will also feature the brand’s beloved custom scent, available for purchase in-store or online, in a candle or room spray version. Additional branded merchandise, home-made granola, and fresh-ground coffee products can also be purchased on-site or by visiting, puravidamiami.com/merch.

“We’re thrilled to tap into this exciting new market and have the opportunity to create something really unique and special for the Bay Harbor Islands area,” said Jennifer Horev, Chief Brand Officer of Pura Vida. “We want to offer a welcoming destination for locals in the neighborhood to have great, healthy and sustainable food for breakfast, brunch, and lunch.”

Pura Vida Bay Harbor is located at 1001 Kane Concourse Bay Harbor Islands, FL 33154. Hours of operation will be Monday - Sunday, 8AM - 4PM. Ample street parking is easily accessible. Delivery and pick-up are available through the Pura Vida Miami app.

Stantec-Designed Avalon Doral Residential Building Brings Modern Tropical Living To Doral

Leading global design firm Stantec designed the eight-story Avalon Doral, located along one of the main corridors of the City of Doral at 3940 N.W. 79th Avenue. Featuring a central courtyard surrounded by 350 residential units and a seven-story, 595-space parking garage, the development sits adjacent to the planned 80,000-square-foot retail development known as Atrium at Doral. Stantec served as the architect and engineer on the project.

“Avalon Doral’s design was inspired by the duality of the urban and natural environments, allowing both to exist simultaneously,” said Andrew Burnett, senior principal at Stantec. “The building’s stylish units, amenities, and proximity to the city life are balanced by the lush, tropical landscape and open-air courtyard, creating a serene environment.”

The courtyard serves as the central gathering space for residents, with a resort-style pool, cabanas, and a BBQ area surrounded by ample green vegetation. The courtyard also connects to a pedestrian plaza, bike path, and dog park.

The light colors used in the building’s faceted exterior were selected to create a modern, tropical feel, while the facets subtly change in color as the sun moves throughout the day, breathing life and movement into the building. The entry pavilion and the activated spaces use warm wood tones, steel, and glass to contrast the courtyard walls and create a streetscape that complements the adjoining retail buildings. The entrance of the building is glass that has been integrated into a small plaza and connects to the future retail development.

Avalon Doral’s residential units range from studios to one-, two-, and three-bedroom units with floor-to-ceiling windows, balconies, and modern kitchens, featuring quartz countertops and stainless-steel appliances. Other amenities include a clubhouse, craft room, gym, bicycle storage, dog wash area, and a lobby lounge that includes a bar and pool table.

Avalon Doral is designed to achieve Silver Certification through the Florida Green Building Coalition.

Stantec is ranked among the top 10 architecture firms by Architectural Record. The firm has designed numerous prominent projects throughout Florida, including Solitair Brickell; YotelPAD Miami; Bezel at Miami Worldcenter; Yard 8 in Midtown Miami; 17 West in Miami Beach; Avalon Doral; Adela at MiMo Bay; and Strata Wynwood.

About Stantec:

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

For more information about Stantec’s response to COVID-19, visit Responding to COVID-19.

Images via Stantec

This article was produced in partnership with Stantec

Miami Heat Icon Chris Bosh's Former North Bay Road Estate Hits Market For $42 Million

Seeking a record price at $42 Million, the estate formerly owned by Miami Heat star Chris Bosh is the only move-in-ready residences available on the prestigious North Bay Road. Celebrity neighbors include Cindy Crawford and Rande Gerber, Karlie Kloss and Joshua Kushner, with former star owners including Dwyane Wade and Gabrielle Union. The home is seeking an overall record, but still lower price per square foot ($3,500) when compared to other recent sales like the sale of Phil Collins and Jennifer Lopez’s former home at 5800 North Bay Road which sold for $39 million at about $4,000 per square foot. Bosh sold the same property now seeking $42 million in January 2021 for $15.2 million, the massive price increase reflecting the strong demand for waterfront real estate in Miami.

Upon arrival into the lushly landscaped property, guests will be greeted by a living green wall and a garden courtyard area with water installations that highlight the home's perimeter. Developed by AquaBlue Group and conceptualized by Touzet Studio, the gut-renovated home features seven bedrooms and eight bathrooms, and a cozy modern atmosphere created with wood and stone perfectly placed throughout. The double-height great room is surrounded in glass, highlighting the captivating views of the bay and garden. Each corner of the home is intentionally and perfectly positioned to flow seamlessly together with high-end finishes from custom millwork to Italian marble slabs.

The grand master suite is as lavish as they come with large closets, oversized bathroom with tub and dual sinks, morning kitchen and of course, stunning views. The kitchen is a host and hostesses dream with a custom Italian expansive chef’s kitchen with a huge island.

The outdoor oasis features a mosaic tile infinity pool, a detached outdoor kitchen and cabana bathroom plus a separate guest quarters. The fully automated smart home also features a commercial-grade elevator and more.

6396 North Bay Road is listed for $42 million by Albert Justo & Mirce Curkoski with The Waterfront Team at ONE Sotheby’s International Realty.

Trending Neighborhoods for Renters in Miami for Summer 2021

Miami! Ah, the Magic City. It is full of everything; from the very notorious beaches to the extremely happening culture and Cuban restaurants - its milieu is unmatched.  So, we can eagerly say that it is one of the most sought-after places today, with its fantastic education institutions and exquisite weather. And hence the flourishing neighborhoods are becoming promising in terms of some good markets. 

This time is not only beneficial for those who are seeking to buy a place to settle down, but also for those who are aiming to become a landlord. At the same time, this article will also help renters to find a good place to live, matching their personality. 

It isn't rash of you to venture into some neck of the woods in this gorgeous little place in Florida. So, whether you are looking to rent a place or buy a place, it is the right time for you to invest. Miami, after all, is the land where things happen.

If you are looking to rent a place for yourself:

Finding a good place in Miami is no child's play, especially if you are not much familiar with the city. You must find a faction of this place where you find yourself most welcomed. And this could only happen when you explore a place that coordinates with your personality. Here are some trendy communities in Miami that you could check out.

Downtown Miami:

This particular area of Miami is quite convivial in all senses. It is the nucleus of mercantile activities of this city and is quite economically boosted. You can spend days just being mesmerized by the beautiful skyscrapers and evening treats, which include an impressive amount of open stations and clubs. 

Wynwood:

If you are looking for an urban catch, Wynwood might be the most suitable place for you, not just in Miami, but certainly in the whole western world. There is a rail of extensively beautiful apartments to rent on 25th Street here, that is adjacent to the most fabulous and advanced faction. Wynwood is full of landlords renting out. 

Coconut Grove:

One of the most desired neighborhoods of Miami, Cocoanut Grove, is what we call - the real Miami. The vibe is incredible with beautiful beaches around and some of the most luxurious buildings and resorts. The rent is not that expensive either (compared to other places in Miami). 

Despite all the appeal, facilities, and content of living, you will receive while living in Miami; it might not be the cheapest thing. It might not come as a shock to you that Miami is a bit expensive since this artistic city comes under one of the most highly developed regions of the USA. But wait, every dark cloud has a silver lining; taxes in Miami are impressively less if compared to other developed states and cities of the USA.

Additional Expenses to consider

1. Renters Insurance

It is always advised to go for renter's insurance {tenant insurance} for helping to manage the financial cost of  a number of liabilities that could affect you. . Renter's insurance tends to really minimize the extra load upon tenants. You must check out and understand more of the insurance offered by trusted companies like Lemonade renters insurance in Florida.

1. Average living costs

You should always take into account the average living costs of the neighborhood you choose to live in. From groceries, to cleaning expenses and nightlife, these tend to change drastically, depending on your location in Miami.

1. Health costs

It is also advisable to look into the health costs of hospitals in Miami. You should take those costs into consideration according to the average you are spending yearly on these types of expenses in the city you are currently living in.

If you are looking to buy a property (either to live in, or rent out)

Enough of renting, buying a house in Miami is too productive today. The market is stronger than ever. But it takes a good eye to find a place that could justify your investment. So, whether you are looking to buy a place to rent out or live in, here are some neighborhoods you can check out. 

Pinecrest:

You can wake up in the middle of the night and still find some of the most amazing coffee places and Cuban restaurants lightened. The whole vibe of this place is too beautiful to resist. If nature, tranquillity, and pacific conditions are what you are looking for, you can definitely check out Pinecrest.

This area is also quite famous for tourists who come to settle for a few months, hence could mean profit-profit to landlords.

Kendall:

If you are settling in a place with family, having two kids, Kendall could be the most sensible choice. It is the safest place in Miami and has one of the most reliable educational organizations surrounding the whole area. It's perfect for families and even couples who are seeking to support a family in the coming future. 

Due to the presence of some amazing institutions, etc., the place is always clamored with new-job prospects and college students that seek a place to rent. 

Bal Harbour:

You can find the finest beach in Bal Harbour, with exotic lush weather. It is the neighborhood where you will find houses with the most amazing views, be it sea-view or a magnificent skyline view. It is one of the most resident-friendly places in Miami. 

If you look through a real-estate perspective, this is the perfect time to invest in buying a house in Miami since it is witnessing a valid and profiting market, low mortgage rates, good tax expense, beautiful houses with ranging buyers, and renters. You just need to have a critical eye to invest in the most benefitting area. If you are looking to buy a house to settle down, why wait for more? There are so many trendy and fun neighborhoods with extremely safe provisions and profound schools and medical facilities. Plus you get to go to the finest beaches every Sunday. 

Whether you are renting out the place or staying in, you must have insurance for your place especially the landlords should look into landlord insurance for maximum protection and better benefit. As it is already stated how wrenching it could be to live in this place. 

Final Words:

No matter if you are looking for a place to rent or buy, Miami is highly promising today. The lifestyle of this city is what makes this place so desirable. Just try to be smart, do your research with utmost sincerity, and find the best neighborhood that suits your preferences.

The CocoWalk Mixed-Use Property Reaches 100% Leased in Miami’s Vibrant Coconut Grove

Less than a year since its reopening, the newly renovated CocoWalk mixed-use property announces its retail and office components are fully leased in Miami’s vibrant Coconut Grove neighborhood. Following an extensive multimillion-dollar renovation, the property now features 150,000 square feet of prime retail space leased to leading local, national and international restaurant and retail brands and a newly built, 85,745-square-foot office building that is home to regional and global businesses. The mixed-use property is owned by a joint venture comprised of Federal Realty Investment Trust (NYSE: FRT), The Comras Company and Grass River Property.

“The office and retail leasing success CocoWalk has achieved demonstrates how Coconut Grove is becoming a leading destination for business and leisure,” said Stuart Biel, senior vice president of regional leasing at Federal Realty Investment Trust. “The diverse mix of service-oriented retail, chef-driven restaurant concepts and entertainment the reimagined CocoWalk offers will serve locals and visitors alike, while also providing onsite amenities to the daytime population occupying our office spaces.”

Along with reaching 100% leased, CocoWalk has completed leasing its office spaces attracting seven companies representing the financial and investment, hospitality and cruise industries, amongst the fastest growing in the region. The latest businesses to ink office leases are: cruise line Azamara; Creating Culinary Communities, or C3, a company led by Sam Nazarian, the founder of global hospitality firm sbe Entertainment Group that operates multiple SLS, Mondrian and Delano hotel locations; Uno Management Services; Lagoon Advisors, an investment banking advisory firm; Baymount Management, an investment management firm; The Jordan Company, a private equity firm with offices in New York, NY; Stamford, CT and Chicago, IL; and OC Investment Management, LLC.

Following the extensive remodel, CocoWalk now features three levels of prime retail space, the newly built class A office building One Cocowalk and renovated office space on the property’s west side known as Two Cocowalk. New-to-market tenant The Jordan Company is leasing 12,717 square feet; Uno Management Services will occupy 8,273 square feet; Lagoon Advisors will take 3,510 square feet; Baymount Management 1,928 square feet; and OC Investment Management, LLC another 1,247 square feet at One Cocowalk. Meanwhile, upscale cruise line Azamara inked a 9,286-square-foot lease; and C3 will occupy 9,205 square feet that will be home to its headquarters, a test kitchen, and culinary institute at Two Cocowalk.

The newly signed companies join an office tenant roster that includes American Land Ventures, international law firm Weinberg, Wheeler, Hudgins, Gunn & Dial, LLC, private equity firm Boyne Capital, and creative co-working pioneer Spaces. Amenities at the office building include dedicated elevators connecting office users with private parking, 24/7 security, a full-service, on-site gym and access to the building’s rooftop terrace and event space that overlook Coconut Grove’s lush tree canopy and bay views.

The exclusive leasing agent for the office space at CocoWalk is Blanca Commercial Real Estate led by Founder, Chairman and CEO Tere Blanca, Executive Vice Chairman Danet Linares and Vice Chairman Juan Ruiz.

“The successful leasing of CocoWalk’s office component has been a result of the quality office space, strategic location and direct access to dozens of dining and shopping options that the property offers,” said Tere Blanca, Chairman and CEO of Blanca Commercial Real Estate.

Among the restaurant and retailer concepts already signed at CocoWalk are Planta Queen, Sushi Garage, Mister 01 Extraordinary, Botanico Gin & Cookhouse, Salt & Straw, Sweetgreen, Narbona Natural Foods & Farm Market, Bluemercury, Edward Beiner, Edite Mode and The Spot Barbershop.

Coral Rock Development Group Announces Mixed-Use Workforce/ Affordable Housing Project Buena Vida In Little Havana

Coral Gables-based Coral Rock Development Group today unveiled plans for Buena Vida, a Little Havana-based workforce/affordable housing mixed-use project. Located at 22nd Avenue and Flagler Street, Buena Vida will encompass 175 units of workforce and affordable housing boasting a compelling mix of one, two and three-bedroom floorplans ranging in size from 471 to 1,105 square feet along with structured parking. The eight-story project will also include 15,000 square feet of retail space.

Full-service featured community amenities will include a gym, dog park, conference center, pool and BBQ area. The retail space will include a medical wellness center for the benefit of residents and the surrounding area, along with a mix of retail shops and restaurants designed to enrich the neighborhood.

Buena Vida was designed by RSP Architects. Groundbreaking on the project will begin in 2022 and is scheduled for completion in 2023.

“We are very pleased to announce Buena Vida and create a high-quality workforce/affordable housing offering for families and seniors,” said Michael Wohl, principal of Coral Rock Development Group. “We are grateful for the support of Commissioner Joe Carollo in seeing our vision come to life to add to the growth and development in the Little Havana neighborhood. His endorsement has been critical in bringing this forward. As we’ve seen throughout the pandemic and the disruption of livelihoods for so many members of our community over the past year, now more than ever there’s an overwhelming need to provide apartments for those who cannot afford the high current market rate and are as a result paying a high percentage of family income for rent.”

Coral Rock Development Group is also developing Pura Vida Hialeah, a nine-acre major mixed-use development set to be the first of its kind in more than 20 years. Pura Vida Hialeah topped off earlier this year and is on schedule for completion in Q1 2022.

Rendering via RSP Architects/ Coral Rock Development Group

Crixus BH3 Acquisition Company Announces Pricing Of $200 Million Initial Public Offering

Crixus BH3 Acquisition Company (the “Company”) today announced the pricing of its initial public offering (“IPO”) of 20,000,000 units, at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market (the “Nasdaq”) and trade under the ticker symbol “BHACU” beginning October 5, 2021. The Crixus BH3 Acquisition Company SPAC (special-purpose acquisition company) was formed by real estate investment and development firm BH3 Management and is led by co-CEOs Gregory Freedman and Daniel Lebensohn.

Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and public warrants will be listed on the Nasdaq under the symbols “BHAC” and “BHACW,” respectively.

The Company is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a merger opportunity in any industry or sector, it intends to focus its efforts on businesses that manage, finance, operate, construct, control, own or support real estate or which derive a large component of revenue from real estate, construction or infrastructure related activities.

Guggenheim Securities, LLC and BTIG, LLC are serving as joint bookrunners and underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price less the underwriting discount to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus related to the IPO may be obtained, when available, from Guggenheim Securities, LLC, 330 Madison Avenue, New York, NY, 10017, Attn: Equity Syndicate, telephone: (212) 518-9544 or email: GSEquityProspectusDelivery@guggenheimpartners.com., or BTIG, LLC, 65 East 55th Street, New York, New York 10022, or email: ProspectusDelivery@btig.com.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on October 4, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is expected to close on October 7, 2021, subject to customary closing conditions.

Sephora, Lucid Motors and Bowlero Sign Leases For 90K SF At Miami Worldcenter

Sephora, Lucid Motors, and Bowlero have become the latest brands to announce leases at Miami Worldcenter, accounting for 90,000 square feet of retail space signed within the last 90 days at the $4 billion, 27-acre mixed-use development in Downtown Miami.

Sephora, a leader in prestige omni-retail with the purpose of creating an inviting beauty community; Lucid Motors, which seeks to set new standards in sustainable transportation with its advanced luxury electric vehicles; and Bowlero, a full-entertainment concept that reinvented the bowling experience with elevated retro-inspired interior design, interactive arcades, and inventive dining, are taking a combined 60,000 square feet of space along the open-air shopping and entertainment promenades, and will join a growing roster of brands that recently announced openings at Miami Worldcenter beginning in 2022.

Miami Worldcenter’s newest restaurant tenants, announced earlier this year, include Chicago’s Maple & Ash and etta, and Miami Chef Michael Beltran’s Brasserie Laurel and El Vecino. These four concepts, along with the latest tenants, total approximately 90,000 square feet of leased retail space in Downtown Miami’s ‘city-within-a-city’ within the last 90 days.

“On the heels of announcing an award-winning lineup of restaurant concepts slated to open at Miami Worldcenter, we are upping the ante with a trio of nationally and globally recognized lifestyle brands. These tenants exemplify the diversity we are offering throughout our residential, hospitality and office developments across Miami Worldcenter,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination.”

Prestige omni-retailer Sephora will occupy more than 6,000 square feet of retail space at Miami Worldcenter. Delivering on its promise to offer ease and convenience, and meeting clients where they are, Sephora strategically selected Miami Worldcenter as a critical nexus for reaching Downtown Miami’s ever-growing number of residents, tourists and daytime population. Sephora will be located at the World Square plaza along Miami Worldcenter’s 7th Street Promenade.

Lucid Motors, a growing luxury electric vehicle company that applies innovative engineering, design, and technology to define a new class of vehicle, is developing a multi-use facility for Miami Worldcenter, taking nearly 23,000 square feet of space. In addition to a Lucid Studio, which allows customers to experience the brand and its lineup of luxury electric vehicles in an environment that underscores the company’s signature design aesthetic, this location will also serve as a service facility as well as a delivery center for the Lucid Air luxury electric sedan as well as future models. The facility will be located at Miami Worldcenter along 1st Avenue and 10th Street.

Bowlero is set to make its Downtown Miami debut, bringing the best in bowling, epic eats, live entertainment/nightlife, and exceptional events to Miami Worldcenter. The retro-inspired brand will occupy more than 31,000 square feet within Miami Worldcenter’s glass-encased ‘Jewel Box’ retail building overlooking World Square plaza. The new venue will add to Bowlero’s already considerable presence in Florida, with 25 centers throughout the state including locations in Sweetwater and Dania Beach. Bowlero at Miami Worldcenter will be a one-stop entertainment destination complete with 28 signature blacklight bowling lanes, plush lounge style seating, and hi-definition video screens that bring the game to an entirely new level. The new Bowlero will also feature a giant arcade with 75 state-of-the-art games, a sports bar, and the brand’s impressive menu that includes upscale food and beverage offerings.

Retail leasing at Miami Worldcenter is led by CIM Group, partner in Miami Worldcenter, and Miami-based The Comras Company. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Comras Company is a leading, boutique real estate firm providing retail leasing, asset sales, consulting and development advisory services throughout South Florida.

“CIM believes the retail component is pivotal to creating a captivating experience at Miami Worldcenter. To engage residents and visitors Miami Worldcenter is modeled on the proposition that people want human connections and will seek out retail and entertainment destinations that are attractive, walkable and populated with a carefully selected mix of retail and restaurants,” said Shaul Kuba, Co-Founder and Principal, CIM Group.

Spanning 10 city blocks, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 square feet of retail, restaurant and entertainment space. These include two completed residential buildings--the 60-story Paramount Miami Worldcenter condominium and the 43-story Caoba luxury apartment tower. Approximately 150,000 square feet of retail has been completed for tenant build-outs, and another 130,000 square feet is currently under construction and nearing delivery. Construction is nearing completion at ZOM’s 43-story Bezel Miami Worldcenter residential tower and at the 351-room citizenM hotel, both of which are expected to open later this year.

Complementing Miami Worldcenter’s open-air retail will be World Square, a 20,000-square-foot public plaza and park. Designed as a central gathering place and outdoor event space, World Square will serve as the heartbeat of the city-within-a-city featuring an abundance of shade trees, works of art by local and international artists, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

Ian Bruce Eichner Launches Sales At 'La Baia' In Bay Harbor Islands

Visionary New York developer Ian Bruce Eichner, who developed the Continuum South Beach, has launched sales at La Baia in Bay Harbor Islands. The boutique bayfront condominium will feature its own private marina. A boutique, eight story structure, La Baia, Bay Harbor Islands will feature 68 luxurious residences with 20-boat slips and more than 30,000 SF of resort-style amenities. A private enclave on the Bay Harbor Islands, La Baia offers world-class waterfront living set against a backdrop of the beautiful Biscayne Bay and Miami’s ever-evolving tower-filled skyline. The project is slated for completion and delivery in November 2023.

“We are delighted to launch sales now - as Bay Harbor’s unique lifestyle is being discovered and in high demand by a new wave of buyers looking to relocate here,” said Eichner, the founder of The Continuum Company, LLC. “Just as Continuum paved the way for South of Fifth to reach its potential, so too will La Baia be transformative for Bay Harbor Islands.”

Eichner has assembled an award-winning team of design talent to bring La Baia, Bay Harbor Islands to life. La Baia is designed by Revuelta Architecture and the rooftop amenity deck and lush greenery was envisioned by world-renowned landscape architect Enzo Enea. Suffolk Construction, one of the nation’s most successful builders spanning over four decades, has been selected as the project’s general contractor.

“The same attributes I recognized in South of Fifth a decade ago draw many parallels to the Bay Harbor Islands today,” Eichner explains.

La Baia is located 9201 East Bay Harbor Drive on one of the last large-scale land parcels remaining on Bay Harbor Islands. Residences are priced from $810,000, sales are being exclusively handled by Pgutman LLC and headed by Phil Gutman.

Residences are sized from one- to four-bedrooms and range between 1,100 SF to 2,500 SF. Each La Baia, Bay Harbor Islands home will be delivered completely finished and ready to be designed, decorated and furnished. Every residence features well-appointed fixtures and finishes curated by New York-based Durukan Design. Ceiling heights range between nine- to 10- feet, there are spacious his-and-her walk-in closets, balconies with glass railings and a pair of secure underground parking spots for each owner.

In the kitchens, custom Italian cabinetry by Snaidero is complemented by Miele appliances, along with quartz stone countertops and Hansgrohe fixtures. Every La Baia, Bay Harbor Islands primary bathroom and powder room features marble flooring and dual rainfall showers.

“La Baia’s waterfront setting offers the optimum active and healthy Miami lifestyle. Now more than ever, families are taking pleasure in a wide range of outdoor activities and experiencing the joys of boating as never before,” said Phil Gutman, President of Pgutman LLC. "Our private marina is a fabulous amenity as is the ability to kayak, paddleboard or swim. It's the essence of a Florida lifestyle.”

The Bay Harbor Islands are private, yet accessible, with scenic walkways, charming neighborhoods and elegant dining and shopping along Kane Concourse that offer world-class sophistication. The Islands’ Broad Bay Harbor K-8 Center is ranked among the best schools in the region, while Miami International Airport is just a short drive away.

Image via We Are Visuals

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

Miami-Based Private Equity Firm Galium Capital Completes Successful Investment Cycle With Sale Of Two Assets

Galium Capital, LLC, a Miami-based private equity group led by Jacques Bessoudo and Iser Rabinovitz, has announced the sale of two properties, successfully completing the firms first investment cycle. The properties sold include 95 Burnett, a multifamily property in Renton, WA, as well as The Shoppes at Lake Mary, a retail center in Lake Mary, FL. The sale of the properties led to Galium Capital producing gross returns of a 23.5% IRR and 1.85X multiple for their investors.

“We are excited for the conclusion of a great investment cycle of these two outstanding properties and producing successful returns for our valuable investors. The sales mark a reflection of the great momentum we have going throughout our portfolio and we look forward to maintaining solid growth as we close out 2021,” said Jacques Bessoudo, Managing Partner at Galium Capital.

The Shoppes at Lake Mary, located at 101 N. Country Club Road in Lake Mary, FL, was one of the first assets acquired by Galium Capital in April 2018. The 38,495 SF shopping center sold for $8.4 million after Galium Capital successfully executed a value add strategy by renovating and upgrading the roof, lighting, painting, landscaping and parking lot. The property was 94% leased at the time of sale with tenants including Lake Mary Dry Cleaners, Debs Kitchen, Pinch A Penny, Training for Warriors, Burn Boot Camp, Lighthouse Seafood, Morganic Meats and Foxcase LLC.

Galium Capital also successfully sold 95 Burnett, a 106-unit multifamily located in the Seattle MSA in Renton, WA for $40 million. Galium Capital acquired 95 Burnett in 2018 and executed a value add strategy through implementation of operational and capital improvement strategies including a major renovation of the building’s amenities and apartment units.

Recently, Galium Capital had been one of the most active buyers in the Houston, TX market. In the past 12 months Galium Capital has acquired over 1,100 residential units and 65K of retail square footage in prime locations throughout Houston’s Galleria submarket. In August Galium Capital closed on the 340-unit, LEED Gold-certified Millennium High Street for the group’s third acquisition in the Galleria-district after closing on on the 431-unit Tate Tanglewood in May 2021 and 361-unit, Fairmont on San Felipe in September 2020.

Galium Capital owns and manages a portfolio in excess of $600 million of commercial real estate assets across the multifamily, office, and retail sectors in major markets across the United States. You can learn more about Galium Capital at www.galiumcapital.com.