Ultra-Luxe Bayfront Condo 710 Edge Complete With Helipad Proposed in Edgewater

A development team that includes two of the developers of Miami’s iconic Zaha Hadid-designed One Thousand Museum have proposed a new ultra-luxury bayfront condo tower in Edgewater. 710 Edge is designed by ODP Architecture & Design, which was also the architect of record at One Thousand Museum. The development team 710 Edge LLC includes Louis Birdman, Kevin Venger, Michael Konig and Alex Posth. 710 Edge will be located at 710 NE 29th St. Pending approval by the Urban Development Review Board on October 20, 2021 the developers would close on a condo buyout of Harbor 29 condo along with an assemblage on NE 29th St.

710 Edge will rise 55 stories, 650’, and will feature 70 residential units, 193 parking spaces and 16,489 SF of commercial space. Residences will be similar to One Thousand Museum with only one to two units per floor, ranging from 3 to 5 bedrooms. Full floor residences will offer 6,174 SF of living space. There will also be two floor penthouse residences. Amenities will include a rooftop helipad, dock, state-of-the-art fitness center, spa, business center, private dining room, theater, residents lounge, sky lounge, juice bar and indoor pool. The parking lot will be a connected 9-story structure behind the tower. The developer will also complete a baywalk promenade with landscaping and lighting that will be open to the public.

Renderings via 710 Edge

For more information about 710 Edge, private showings or purchasing/ leasing information please fill out the form below:

Inside PROFILEconnect: Meet Our Keynote Speaker Gil Dezer and Co-Host Ronny Finvarb

PROFILEmiami and The Finvarb Group are pleased to announce Gil Dezer, President of Dezer Development, as Keynote Speaker and Ronny Finvarb, Principal at Finvarb Group, as Co-Host for PROFILEconnect: Rooftop Cocktails & Bespoke Networking at Kimpton Palomar South Beach.

For first installment of PROFILEmiami’s highly-anticipated PROFILEconnect high-end bespoke networking event series, PROFILEmiami teamed up with the Kimpton Palomar South Beach, the Finvarb Group, Osteria Morini and E11EVEN Vodka to host an evening soirée of bespoke networking and poolside cocktails and hors d’oeuvres, while enjoying the sunset over South Beach’s iconic skyline.

Keynote Speaker: Gil Dezer, President of Dezer Properties

One of the youngest developers of luxury high-rise residential and condo-hotel properties in the United States, Gil Dezer has been instrumental in changing the face and value of South Florida real estate. He has earned wide recognition as a key developer at the forefront of the luxury brand partnership real estate trend and continues to actively partner with major brands to further spotlight South Florida to buyers globally.

Most recently, Gil announced his partnership with Bentley Motors to construct the first ever Bentley Residences, 200-plus oceanfront residences which will launch sales later this year. Standing at 749 feet and over 60 stories high, the property will be the tallest residential tower on a U.S. beachfront.

Other Dezer Development oceanfront projects include the first-ever Residences by Armani/Casa tower in partnership with the iconic fashion and furnishings designer, Giorgio Armani. Developed in partnership with the Related Group, the project recently achieved its $1 billion sellout. Gil also partnered with Porsche Design Group to deliver Porsche Tower, a 60-story ultra-luxury tower showcasing a one-of-a-kind Patented robotic parking system known as the “Dezervator,” which allows owners to park their vehicles in ‘sky garages’ directly next to their units. Gil also led the Trump Organization’s first foray into the South Florida real estate market through the successful development of Trump Grande Ocean Resort and Residences and Trump Towers.

Notable future projects include the Intracoastal Mall, which will bring 2,000 residences, 375,000 square feet of retail, 200,000 square feet of office, a hotel, harbor and park to the Miami waterfront site, transforming the nearly 30-acre property.

Gil holds a Florida real estate license and is the past president and Chairman Emeritus of the Developers & Builders Alliance (DBA), one of the world’s largest development and construction organizations. He is a past recipient of the Greater Miami Chamber of Commerce’s R.E.A.L. Award for Residential Real Estate – Condominiums, and has taken home the Platinum Personal Achievement Award for Sales Director of the Year for Trump Grande Ocean Resort & Residences for three years in a row at the annual Florida’s BEST Awards.

Active in the community, Gil holds several positions including co-founder of the Mount Sinai Medical Center Foundation; Young President of the Miami Heart Institute; and member of Florida Friends of Israeli Defense Forces (FFIDF); Project Cradle in Miami; WIZO Florida; and One Family Fund Organization.

Co-Host: Ronny Finvarb, Principal of Finvarb Group

Ronny Finvarb, Principal of the Finvarb Group, develops and owns award-winning hospitality projects, including multiple Marriott-branded hotels in Florida, Texas and Arizona, the Kimpton Palomar South Beach, Osteria Morini restaurant, and just broke ground on the highly-anticipated Thompson South Beach, among others.

Ronny holds B.B.A. and J.D. degrees from the University of Miami and is a member of The Florida Bar.  He previously served as Executive Director of Business & Legal Affairs for two publicly-traded companies, including a division of General Electric (NYSE: GE), and also for one of the largest privately-held media, entertainment, telecommunications, technology and consumer products organizations in the world, the Cisneros Group.

The Finvarb Group is a real estate development and investment company specializing in developing quality mixed-use hotels in premium urban locations and in emerging and underserved markets throughout the United States.  The Finvarb Group owns, develops and invests in areas with strong demand growth and which appeal to both business and leisure travelers alike.  The Finvarb Group's hotels are linked by a common thread of excellence, distinctiveness and a passionate commitment to deliver outstanding quality.

Ronny is an active member of YPO, the premier leadership organization of chief executives in the world. In addition, Ronny serves on the following Boards:

• Board Member of the University of Miami Master of Real Estate Development and Urbanism (MRED+U) Advisory Board

• Board Member of the University of Miami Citizens Board

• Founders Board of Mount Sinai Medical Center

• Miami Beach Chamber of Commerce’s Pillar Trustees Board of Directors

About PROFILEconnect:

PROFILEmiami and The Finvarb Group are pleased to present the first installment of PROFILEmiami’s highly-anticipated PROFILEconnect high-end bespoke networking event series. PROFILEmiami has teamed up with the Kimpton Palomar South Beach, the Finvarb Group, Osteria Morini and E11even Vodka to host an evening soirée of bespoke networking and poolside cocktails and hors d’oeuvres, while enjoying the sunset over South Beach’s iconic skyline.

PROFILEmiami has curated a truly Miami Beach soirée experience. Enjoy signature cocktails by E11EVEN Vodka complete with a full open bar & Hors d'oeuvres by Osteria Morini poolside on the rooftop of one of Miami Beach’s hottest new hotels, the Kimpton Palomar South Beach. The relaxed and open setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, highlighted by Keynote Speaker Gil Dezer, the developer of Bentley Residences. Following the event, make your way downstairs to Osteria Morini, recently awarded Best Italian Restaurant and Best Brunch in Miami, to finish off the evening and enjoy 10% off your meal. Guests will also enjoy specially discounted valet pricing.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.

Who Should Attend: Developers, Investors, Financial Planners, Business Professionals, Brokers, Architects, Designers, Lenders, Wealth Managers, Lawyers, CPAs

Date: November 3, 2021 | 6 - 8 PM

Where: Rooftop @ Kimpton Palomar South Beach - 1750 Alton Rd., Miami Beach

Keynote Speaker: Gil Dezer, Developer of Bentley Residences

Tickets: $150

• Tickets include:

  • 2 Hour Open Bar w/ Cocktails & Hors d'oeuvres

  • 10% off dinner at Osteria Morini (valid evening of event) - Reservations Recommended

Location Ventures Launches Condo Sales For URBIN Mixed-Use Condo, Co-Working Lifestyle In Miami Beach and Coconut Grove

The desire to live and work in city centers throughout the world is often met with challenges in accessibility, mobility, and sustainability…until now. Location Ventures – a Miami-based, integrated real estate platform that delivers thoughtfully-designed and fully-connected residential and mixed-use projects – announced today the launch of residential sales for URBIN. A first-to-market, mixed-use brand, URBIN unites design-forward residences for short- or long-term rent with all-inclusive co-working spaces, wellness amenity programming, social activations, and lifestyle-oriented retail, all in one central address.

URBIN has initiated condo presales for its first location in Miami Beach, marking the first phase of the brand’s official launch with 60 percent pre-sold in the first 30 days. The launch of presales for a second location in Coconut Grove will immediately follow to meet growing demand. The brand will further scale with additional locations in key markets throughout the U.S., designing each to fit into the context of its carefully selected setting.

With exclusive sales and marketing representation by ONE Sotheby’s International Realty, URBIN presents turnkey units, designed in a collective living style. Priced from $400,000, residences will be available in diverse floor plans. In Miami Beach, studios will start at 275 square feet and expand to spacious multi-room residences that range from two- to four-bedrooms at up to 1,334 square feet. In Coconut Grove, residences range from studios at 331 square feet to six bedrooms at 2,352 square feet. Both locations will feature fewer than 100 units to allow for a tailored and more private living experience.

As an opportunity to own property in one of the world’s most sought destinations through URBIN, owners will have exclusive access to a lease-back program with the dual freedom to stay on property for up to 90 nights per year. While away, the residence is professionally managed by the brand and available for rent.

“URBIN celebrates a new way of living by bringing people together through home, work, and wellness in a single setting,” said Rishi Kapoor, CEO of Location Ventures. “Through integrating quality design, technology, wellness and social programming, we’re hoping to foster community and enable a high-quality of life in these city-centric ‘urban’ neighborhoods.”

URBIN residences will offer various layouts and provide a selection of shared spaces per unit, such as a common kitchen, dining and living area. The contemporary-designed condos are fully furnished and include efficient layouts to maximize space, while featuring high-end fixtures and Energy-Star stainless steel appliances, and plenty of storage space. Enticing, service-driven amenities, such as housekeeping, room service, and valet are complemented by on-site food and beverage venues; a wellness center with programming for mindfulness, movement, nourishment, and healing; and a rooftop pool deck with green spaces and lounge areas.

From owners of large enterprises to remote workers, URBIN’s co-working space brings a heightened level of service to the work experience. Members are given access to bespoke support tools, including consulting, administrative and networking, to further drive their business goals. Those who utilize the space are not required to live on property; however, members who both live and work at URBIN unlock exclusive rates.

URBIN Miami Beach, located at 1260 Washington Ave., is designed by Touzet Studio, led by Carlos Prio-Touzet and Jacqueline Gonzalez-Touzet. The building’s façade will complement the playful energy of Miami Beach, featuring geometric styles and colors found throughout the neighborhood with a nod to its Art Deco heritage. Its common area and amenity interiors are curated by Meyer Davis, the award-winning design studio from New York City. The property will undergo a complete renovation to the existing 33,488-square-foot site, in addition to the ground-up development of a 44,000-square-foot building.

URBIN’s second location is at 3162 Commodore Plaza in Coconut Grove, a less than five-minute walk from the newly-unveiled CocoWalk. Arquitectonica and Paredes Architects designed the exterior to integrate seamlessly with the contemporary new builds in the surrounding area. The residences will feature interior design by am studio, a boutique design collaborative committed to creating cohesive, resourceful, and oneiric spaces. The development of URBIN Coconut Grove will include the conversion of a nearly 33,000-square foot commercial building, roughly 5,000-square-foot restaurant, and 23,490-square-foot property, as well as a ground-up development.

URBIN will join the renaissance and expansion currently underway on Washington Avenue and Commodore Plaza – two streets situated in two of the city’s most thriving and in-demand districts. The sales launch of URBIN aims to reach both domestic and international investors attracted to South Florida by providing a unique live-work-well offering in the market.

For more information, please visit www.urbincondos.com or call 305.376.7274.

About URBIN

URBIN is a first-to-market, mixed-use brand with properties situated in renowned locations, offering an authentic, responsible, and flexible lifestyle when living and working in city centers. The first two locations will be in Miami Beach and Coconut Grove, Florida, with additional locations in key U.S. markets forthcoming. URBIN, developed by Location Ventures, the Miami-based real estate investment and development firm, has a vision to create places where one can live, work, and seek wellness in the heart of coveted neighborhoods. Each property will feature a membership-based platform and unite condos with all-inclusive co-working spaces, wellness amenities and programming, social activations, and lifestyle-oriented retail. URBIN features design-forward, turnkey rental residences with a select number available for purchase. Owners can enjoy their abode for personal use, for up to 90 nights per year; while away, the residence is professionally managed by the brand and available for rent through the property’s exclusive lease-back program. Exclusive sales and marketing for URBIN residences is by ONE Sotheby’s International Realty.

URBIN is backed by investors David Martin, CEO of Terra Group; Rudy Touzet, CEO of Banyan Street Capital; the Murphy family of Coastal Construction; former New York Jets and New Orleans Saints linebacker Jonathan Vilma; Gabriel Navarro, Marcel Navarro and Martin Pico of MMG Equity Partners; Marty Halpern of UnitedTranzactions; and a group of owners from Location Ventures.

About Location Ventures

Location Ventures is an integrated real estate platform that provides comprehensive investment, development, management, marketing, and sales for residential and mixed-use properties in the South Florida market and beyond. Location Ventures invests in one-of-a-kind living experiences that make the highest and best use of unique development locations. The company’s more than $600 million portfolio contains a mix of ultra-luxury single-family homes, boutique condominiums, and an urban-centered mixed-use project where young professionals live and work at one address.

About ONE Sotheby’s International Realty

ONE Sotheby’s International Realty is South Florida’s premier source for luxury real estate and development opportunities with 17 offices spanning from Miami and Key Biscayne to Palm Beach and Stuart. Since its inception in 2008, ONE SIR has recruited more than 800 of the world’s most passionate and well-connected agents, backed by a global brand with a heritage of unsurpassed quality, value and trust. ONE Sotheby’s International Realty’s direct affiliation with Sotheby’s Auction House and Sotheby’s International Realty has offered the company unparalleled, global reach – an attribute sellers reap the full benefit of as their homes receive prime exposure to a network of more than 22,000 associates in 72 countries and territories across 960 offices. In addition to its luxury brokerage division, the firm also offers a development sales division representing some of South Florida’s most successful and prestigious condo developments with a total inventory of over $3.5 billion. With a vision rooted in providing exceptional service, superior market knowledge and the latest technology, ONE Sotheby’s International Realty is dedicated to giving extraordinary lives a home to thrive. www.onesothebysrealty.com

Images via Location Ventures

The article was produced in partnership with Location Ventures

Shoma Group Sells Sanctuary at Doral 226-Unit Multifamily For $102.5 Million

The Coral Gables-based Shoma Group, led by Masoud and Stephanie Shojaee, have sold their recently completed Sanctuary at Doral multifamily apartment building for $102.5 million to the Denver-based Avanti Group. The 226-unit multifamily property is located at 9400 NW 41st St. The sale price breaks down to roughly $453,539 per unit and the property was fully leased at the time of sale. The transaction was overseen by Still Hunter of Walker & Dunlop.

Shoma Group acquired the 7.2 acre site in 2014 for $8.5 million and completed Sanctuary at Doral in December 2020. The property was fully leased within 8 months of completion.

Sanctuary at Doral offers one, two, and three bedroom residences with floorplans which 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 7.2 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. Amenities include a resort style pool, mini soccer field, bike path, yoga lawn, state-of-the-art fitness facility, pet spa and residents clubhouse.

Images via Shoma Group

Starwood Acquires The 844-Unit Palmer Dadeland From Mill Creek Residential For $387 Million

Barry Sternlicht’s Starwood Real Estate Income Trust has acquired the 844-unit Palmer Dadeland apartments for $386.7 million from Mill Creek Residential, roughly $440,000 per unit. The transaction was facilitated via an LLC membership change in which Mill Creek Residential sold the LLC that owns the property to Starwood as opposed to a deed being filed. Investors use this method of acquisition to save on documentary stamp taxes which are paid by the state and county upon filing a deed. The property was 97.9% occupied at the time of sale with an average monthly rent of $2,292. Starwood will finance the property with a $260 million two-year, floating rate, interest only loan provided by Wells Fargo which is expected to close on October 21.

The LEED Silver-certified Palmer Dadeland is located at 8215 and 8217 SW 72nd Ave. and features 844 residential units. The project was initially known as Modern Metro Dadeland and was developed by Mill Creek Residential in 2017 and 2019. The residential community features resort style pools, business center, fitness center, billiards lounge, game room, two rooftop decks and a pet spa.

Images via Palmer Dadeland

Lissette Calderon's Neology Life Locks Down $78 Million Construction Loan For Allapattah Multifamily

Lissette Calderon’s Neology Life Development Group has locked down a $78,197,393 construction loan for The Julia, a 323 unit apartment building with ground-floor retail space in Miami’s Allapattah neighborhood. The loan was secured by Berkadia and provided by Trez Capital, a private real estate lender helping to build better communities across North America. Trez Capital Managing Director Ben Jacobson originated the loan, which closed on October 12, 2021. Bilzin Sumberg and GT Law provided legal counsel.

Construction has already begun, with the project set to be delivered in mid-2023. The general contractor for The Julia is JAXI Builders, Inc.; the architect is Behar Font Architects; interior design is by designBAR; and Witkin Hultz Design is the landscape architect.

“Lissette Calderon is a pioneering developer who has been extremely successful revitalizing the Miami River district and now breathing new life into Allapattah, one of Miami’s oldest neighborhoods,” Jacobson said. “We are delighted to partner on this exciting project by providing financing for a development that is sure to capture intense interest from the public.”

The Julia is Neology Life’s second, lifestyle-driven residential community in Miami’s historic Allapattah neighborhood. Formerly No. 16 Residences, The Julia is a $100 million, 14-story residential tower that will deliver 323 upscale one- and two- bedroom apartments to one of the city’s most historic and vibrant neighborhoods. Located at 1625 NW 20th Street, The Julia is situated just a few blocks from Neology’s first Allapattah apartment development, No. 17 Residences, which opened in May of 2021 and leased up in record time.

Allapattah sits just northwest of downtown Miami and abuts the famed Wynwood district to the east, offering easy access to major highways and employment centers. Allapattah, which includes Miami’s Health District, has quickly become one of Miami’s most sought-after urban territories, boasting a cluster of new cultural institutions (including the Rubell Museum and Superblue) as well as many new small businesses, restaurants and nightlife establishments.

“The Julia will offer a curated, one-of-a-kind modern residential living experience with cutting-edge amenities that will appeal to a diverse cross-section of today’s urban renters,” said Lissette Calderon, President and CEO of Neology Life Development Group. “The building has been thoughtfully designed, inside and out, to reflect the area’s unique history and character, and we hope as a result it will become a beloved and integral piece of the community’s fabric for many years to come.”

“This is an exciting milestone for Allapattah,” added Miami City Commissioner Alex Diaz de la Portilla. “High-quality housing options are key to our community’s success and projects like The Julia provide that. Moreover, Lissette Calderon and her team at Neology are experienced in building authentic, vibrant communities, and have a deep appreciation for Allapattah’s history, culture and mom-and-pop businesses. They will be valued, long-term partners in helping us achieve measured growth that benefits and inspires all Miamians.”

Calderon added, “Over 20 years ago, I started on this journey to deliver quality lifestyle-driven attainable luxury living to Miamians who were being priced out, and to help some of Miami’s most overlooked neighborhoods realize their full potential. I’ve had the honor of watching this transformation unfold in the Miami River District, where we started, and we see the same potential in Allapattah, one of Miami’s last remaining authentic urban neighborhoods. We chose to name our second Allapattah development after Miami’s founding mother, Julia Tuttle, who is a personal hero of mine – and because we hope it stands as a beacon to every young woman with big dreams. With hard work, grit and sacrifice, they can achieve anything.”

Inspired by Miami’s original real estate visionary, American businesswoman Julia Tuttle, The Julia will embrace a “tropics-meets-metropolis” aesthetic combining elements of Art Deco with 1950s-style glam. Interior common areas will feature neoclassical elements such as brass accents, wood details and colorful mosaics alongside bright, botanical patterned wallcoverings and other fun, punchy colorful elements for a mood that is romantic, sophisticated and timeless.

The property will offer a mix of one- apartments and two-bedroom apartments ranging from 600 to 1,00 square feet. Unit interiors will feature energy efficient, stainless-steel appliances, quartz countertops, European-inspired cabinetry, in-home washer and dryers, expansive views, and balconies in all units.. Amenities at The Julia will include a ninth-floor Sky Lounge with resort-style pool deck, clubroom, and wellness center, and 15,000 square feet of street-level retail space.

“When we evaluate lending opportunities, we focus on the needs of a community and the track record of the developer,” Jacobson said. “Partnering with Lissette and understanding her vision, we think Allapattah is perfectly positioned to attract nearby working professionals and families who desire a certain level of luxury living but are priced out of places like Brickell, downtown and Wynwood.”

The Julia is centrally located just a few blocks from the Civic Center Metrorail Station, the University of Miami Health System, Jackson Memorial Hospital, and Miami-Dade College Medical Center. The property is just a short car or public transit ride away from both Brickell and Downtown, home to several large employers and dining and shopping destinations, along with popular attractions such as Marlins Park, American Airlines Arena, the Adrienne Arsht Center for the Performing Arts, Perez Art Museum Miami and Frost Museum of Science, and the new Brightline commuter rail station connecting Miami to Fort Lauderdale, West Palm Beach, and eventually Orlando.

Neology intends to break ground on a third Allapattah residential community in the coming months, bringing its portfolio up to 1,200 apartments throughout Miami.

The multifamily market continues to sizzle in South Florida, with rent increases expected to grow between 8% and 9% over the next year, according to CoStar Group. Another report from Realtor.com says South Florida is the third-fastest growing rental market in the U.S.

Wynwood Annex Class-A Office Building Hits 100% Occupancy As Ramp Financial And Field Trip Sign Leases

Related Group and East End Capital’s Wynwood Annex Class A office building has hit 100% occupancy as tech firm Ramp Financial and psychedelic health company Field Trip have signed new leases. DWNTWN Realty Advisor’s Tony Arellano and David Lerner represented the landlord in finalizing deals with Ramp Financial, a technology company that develops corporate cards designed to save money for businesses, and Field Trip, a health company that uses evidence-based, legal psychedelic therapies to help patients heal depression and feel better.

Ramp Financial is set to occupy 8,205 square feet on the fifth floor of the 215 NW 24th St. building. Tony Jones of Cushman & Wakefield represented Ramp Financial in the lease. Field Trip is leasing 7,474 square feet on the second floor of Wynwood Annex.

These new leases come on the heels of DWNTWN bringing three Silicon Valley tenants to Wynwood Annex. Venture capital giants Founders Fund, which includes PayPal Co-Founder Peter Thiel as a partner, Atomic and their e-commerce joint venture OpenStore signed leases for a total of more than 22,000 square feet at the building. Live Nation also occupies a floor of Wynwood Annex.

“We are proud of our role in curating Wynwood Annex with a roster of tenants who are truly changing the industries they operate in,” Arellano said. “Leaders of the technology and finance worlds who are relocating to Miami realize Wynwood is where they need to be. All of the complementary elements, such as arts and culture, fashion, experimental and service-oriented retail, dining, nightlife and residences, are already in place.”

Located in the core of Wynwood and just steps from prime neighborhood establishments such as Panther Coffee, Zak the Baker and KYU, Wynwood Annex has 60,000 square feet of rentable space and a generous parking ratio of four spaces per 1,000 square feet. With 12-to-18-foot ceiling heights and amenities including a brand-new fitness center, rooftop common area, outdoor conference space and private balconies, the building is perfectly suited for the tech and finance tenants it is attracting.

Cushman & Wakefield Arranges $5.8M Sale of North Miami Beach Apartment Community

Cushman & Wakefield announced today that the commercial real estate services firm has arranged the sale of a 36-unit apartment community located at 16851 NE 18th Avenue in North Miami Beach. The final sale price was $5.8 million, which comes out to $161,111 per door.

Calum Weaver and Perry Synanidis of Cushman & Wakefield represented the seller, EUS at 18th Ave LP., in the transaction. Demian Perelmuter with F Advance Mgmt., which specializes in stabilized and value-add multifamily acquisitions, acquired the property. “F Advance Mgmt. plans to renovate the property and providing updated units that are needed within the market,” Perelmuter said. 

Built in 1964, the property includes one three-story building with one- and two-bedroom units averaging 772 square feet. The property was fully leased at the time of the sale.

By Katya Demina

Four Seasons Private Residences Fort Lauderdale Passes $250 Million In Sales With Closings Set For December

Four Seasons Private Residences Fort Lauderdale, the first five-star development to debut in the nation’s yachting capital, has announced that sales have surpassed $250 million. The important milestone was achieved in advance of first closings, which are slated for this December, and signifies the strength in the market for Four Seasons-branded services and amenities and oceanfront new construction. When Four Seasons Fort Lauderdale opens at the end of the year, Fort Partners, the Miami-based company leading the property’s development, will also unveil model residences that showcase the residences’ unique combination of luxurious design, water views and private outdoor spaces.

“Fort Lauderdale is ready for its first five-star development, and the sales success of Four Seasons Fort Lauderdale proves that,” said Nadim Ashi, Founder of Fort Partners. “The Four Seasons brand, synonymous with luxury, has been known to elevate cities into international destinations for the most discerning travelers and second-home buyers. We’ve seen that here as people from all around the world— and from our own backyard in places like Miami and Palm Beach—have descended on Fort Lauderdale to own a piece of this marquee Four Seasons development. We’re excited to welcome our new residents home later this year.”

“It has been amazing to watch our vision for Fort Lauderdale’s most luxurious development come to life,” said Ramzi Achi, Principal of Fort Partners. “We worked with the best and brightest names in the industry to deliver modern, oceanfront residences that will forever change the landscape of Fort Lauderdale, and we are proud to offer buyers a high-end lifestyle that is second to none in the area. Four Seasons Fort Lauderdale has already become an icon along the shoreline, and we look forward to unveiling the property this December.”

Four Seasons Fort Lauderdale features 83 residences and 148 guest rooms designed by a team of world renowned global visionaries, including award-winning London-based designer Tara Bernerd, who led the interior design for the residences and hotel; Miami-based architect Kobi Karp, the architectural mastermind behind the development; hospitality designer Martin Brudnizki, who created the design of the signature culinary experiences at the forthcoming Ocean Terrace restaurant; and landscape architect Fernando Wong, who envisioned the grounds of the development and will also offer private terrace landscaping services to private residence owners in a first-of-its-kind collaboration. Fernando will make his esteemed talents readily available at a time when private outdoor space is the most important home feature for luxury buyers.

“Four Seasons Fort Lauderdale has created the blueprint for luxury and class in Fort Lauderdale with its first-class amenities, five-star services and unmatched views,” said Dan Teixeira, the Director of Sales at the development. “Surpassing a quarter of a billion dollars in sales is a true testament to the vision of the development and design teams to build one of South Florida’s most desirable addresses. Our success to date has set a new precedent for what’s possible in this market.”

As one of the most iconic properties within the Four Seasons portfolio, Four Seasons Fort Lauderdale is fast-approaching sellout at over 85 percent sold. The residences range in size from one- to four bedrooms, and have lured buyers for their sprawling living spaces and generous outdoor terraces featuring unparalleled views of the Atlantic Ocean and Intracoastal Waterway.

One of the last and most spectacular listings to hit the market is the tower’s crown jewel, Penthouse 2202, priced at $15.9 million. The 6,168-square-foot penthouse features direct elevator entry, a picturesque open floor plan and 5,550- square-feet of terrace space, including a private rooftop pool.

All residents at Four Seasons Fort Lauderdale will have access to the wide array of amenities and à-la carte services managed by Four Seasons, including a state-of-the-art fitness center, two pools with luxury cabanas, beach butler service, signature Four Seasons spa, yachting services and a pet concierge with an on-call veterinarian. They will also receive special courtesies at Fort Partners’ premier portfolio throughout South Florida and the Caribbean.

Prospective buyers touring the property and the last remaining listings this December will have the opportunity to experience the completed pool deck and hotel, elevated finishes by Tara Bernerd, as model residences designed by top industry names. Pricing for two- to four-bedroom private residences begins at $3.595 million. Sales and marketing are handled by Douglas Elliman Development Marketing.

Imagery via Four Seasons Fort Lauderdale

For more information about Four Seasons Private Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

American Landmark Apartments Sells Lago Paradiso at the Hammocks Multifamily For $99 Million

Lago Paradiso at the Hammocks, a 424-unit, garden-style multi-housing community in the suburban neighborhood of Kendall in Miami-Dade, Florida, has traded for $99 million. JLL marketed the property on behalf of the seller, American Landmark Apartments and multifamily investment firm Cortland was the buyer. The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Managing Director Maurice Habif, Directors Simon Banke and Ted Taylor and Associate Jo Rousseau.

Lago Paradiso at the Hammocks comprises one- and two-bedroom units ranging from 552 to 945 square feet. Units feature designer cabinetry, granite counters, stainless steel appliances, full-size washers and dryers, walk-in closets and screened patios and balconies. The community offers two pools, a 24-hours fitness center, clubhouse with WiFi cafe, fire pit area, outdoor kitchen with gas grills, 24-hour package room, sailing and fishing, lakeside jogging and bike trail and controlled access.

Located at 15000 SW 104th St., residents of Lago Paradiso at the Hammocks enjoy direct access to many of Florida’s major highways, located just 16 and 10 miles southwest of Downtown Miami and Miami International Airport respectively. To the west is the Florida Turnpike and US Highway 1, with subsequent linkage to Interstate 95 to the east. The property offers easy access to local retail, entertainment and dining options, including The Fall, Dadeland Mall, Palms at Town & Country, Port of Miami and Freedom Park Stadium.

“Lago Paradiso represents a fantastic investment opportunity combining a phenomenal location and strong resident profile in a highly supply-constrained suburban market,” said Banke. “The potential for physical improvements at the property is supported by incredible market fundamentals and we are excited to see the community’s performance under Cortland’s ownership.”

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