The Developers of One Thousand Museum by Zaha Hadid Architects Pay Off $90 Million Inventory Loan Following Miami Art Week Sales

The developers of One Thousand Museum by Zaha Hadid Architects have paid off a $90 million inventory loan following a successful Miami Art Week 2021 which saw two units sell for a combined $30 million. A local buyer from Miami purchased a full-floor unit and a foreign buyer purchased a sky townhouse unit. One Thousand Museum is now 90% sold after 76 of the developer units have now been sold. Three furnished developer units remain.

The condo inventory financing was secured March 2021 from Cirrus Real Estate Partners after a Reuben Brothers-led venture, who had bought out the remainder of Fortress Investment Group’s stake in the debt behind the development, had filed a foreclosure lawsuit against the developers. Fortress Investment Group had initially provided a $225 million construction loan in 2016, half of which was later acquired by the Reuben Brothers-led venture, before a portion was paid back by the developers and the property was refinanced by Cirrus Real Estate Partners.

“Satisfying our $90 million loan in eight months comes during a buying frenzy and Miami’s high season, which we expect to take One Thousand Museum to sellout quickly,” said Louis Birdman, co-developer of One Thousand Museum. “Alongside Cirrus Real Estate Partners and our long-time collaborators at ONE Sotheby’s, we’re proud to conclude another chapter in this iconic building.”

“As a testament of the recent success leading to the loan payoff, during Art Week alone, our sales team inked two large sales totaling more than $30 million,” said Kevin Venger, co-developer of One Thousand Museum.

“One Thousand Museum is a unique and iconic property that will be enjoyed by its residents and a significant part of the downtown Miami skyline for years to come, said Joseph McDonnell, Managing Partner for Cirrus Real Estate Partners. “We are extremely pleased that the capital solution we provided to the sponsor group of One Thousand Museum facilitated the property performing to its full potential and, consequently, such quick repayment of our investment. Working with the developer group has been a pleasure and we look forward to collaborating with them again in the near future.”

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

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

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

Photography by Robin Hill Photography

Micah Johnson's Aku World Miami Comes to Life with Performances by Kehlani, AJ Mitchell & Haleek Maul Presented by FTX US

Aku World celebrated its monumental Miami debut on December 2, 2021 during Miami Art Week with a grand opening celebration featuring special performances by Kehlani, AJ Michell, and Haleek Maul. Friends and collaborators across art, music, fashion and tech, came together for the unveiling of Aku World: Miami and its star Aku, the digital explorer and crypto-native NFT IP created by artist and former MLB player Micah Johnson. Guests included Pusha-T, Jerome LaMaar, Aleali May, Savannah James, Matt James, Rachael Kirkconnell, Jackson Myles, Yasmine Petty, and more.

Aku is the digital explorer and crypto-native NFT IP created by artist and former MLB player Micah Johnson. Aku World: Miami was presented by FTX US from December 2-4, 2021 in the vibrant Wynwood Arts District. Aku World: Miami was Aku's first introduction to the physical world, bringing friends and collaborators across art, music, fashion and technology together in one space. The visually-stunning, multilayered event showcased the otherworldly dimension of Aku and allow guests to step out of reality and into the metaverse through carefully curated exhibits that blur the lines between NFT technology and IRL experiences.

Photo Credit: Rowben Lantion/BFA.com

The South Tower Is Now Sold Out At The Estates At Acqualina

The Estates at Acqualina, the $1.8 billion residential development located in Miami's Sunny Isles Beach, has announced the sellout of the South Tower featuring 154 exquisite residences ranging from 3,200 to 5,600 square feet. In addition, it will feature two single-family homes and two, two-story penthouses ranging from 6,225 to 9,000 square feet, all with private swimming pools.

The ultra-luxury development is on track with the South Tower completion in the 1st quarter of 2022. There are a limited number of choice residences remaining in the North Tower, which will feature 91 residences when it opens in the 2nd quarter of 2022.

Through an exclusive partnership with one of the world's most celebrated designers, the entrance lobbies in the South and North Towers at The Estates at Acqualina were designed by none other than the late Karl Lagerfeld. Mr. Lagerfeld's design and style will further enhance the grandeur of two of the most important spaces at The Estates.

The Estates at Acqualina will offer 245 luxurious residences from three to seven bedrooms. Villa Acqualina, situated between the North and South Towers, will feature 45,000 square feet of amenities, including the New York-based Avra restaurant, a health and fitness sanctuary called AcquaFit, and Circus Maximus, an entire floor of magical amenities including an ice skating rink, bowling lanes, a golf simulator, a Formula One simulator, a movie theater, and a Wall Street Trader's Club room.

The grounds of The Estates' 5.6 acres will offer lush landscaped gardens, multiple pools, a FlowRider® wave simulator, a basketball court, a bocce court, a dog park, a soccer field, a beachfront restaurant, and five-star beach and pool services. Also available will be a 24-hour valet, 24-hour security services, a full-service resident concierge, and a house Rolls-Royce car.

The Estates benefits from its sister developments, Acqualina Resort & Residences on the Beach and The Mansions at Acqualina. The legendary service by Acqualina Resort & Residences, a Forbes Five Star and AAA Five Diamond Hotel and TripAdvisor's #1 Beachfront Resort in the United States, ensures that The Estates at Acqualina delivers ultimate perfection and a unique experience on every level.

Only a few choice residences are still available in the North Tower. Four and five-bedroom residences from $9.2M to $10.7M. Penthouse prices upon request.

Sales Gallery Address: 17895 Collins Avenue, Sunny Isles Beach, Florida

Telephone: (305) 933-6666

Website: www.EstatesAtAcqualina.com

PMG Reveals Sky Collection At Waldorf Astoria Residences Miami

PMG has revealed the Sky Collection at Waldorf Astoria Residences Miami, a luxury supertall on Downtown Miami’s Biscayne Boulevard. Situated nobly above the clouds, the exclusive Sky Collection at Waldorf Astoria Miami is adorned with the most pristine, modern and luxurious touches synonymous with Waldorf Astoria’s legacy, reimagined for a home that exceeds even the highest of expectations. In collaboration with conceptual artists Carlos Ott and Sieger Suarez Architects, along with the brilliant minds at award-winning design firm BAMO, the team of visionary experts joined forces to craft a home that defies design tradition by paving a new path with unbridled elegance.

The Sky Collection is located within the eighth cube of the 100-story, 1,049’ tower. Sky Collection residences range from 2,454 square feet to 3,575 square feet and start at $4.9M. Sky Collection residences include primary suites with five-fixture en suite bathrooms, and media and entertainment breakout spaces. Residences will offer vast scenic views from floor-to-ceiling windows, french balconies and expansive terraces with summer kitchens. Down to the smallest details and finishes, each and every drop of this unit has been considered with the utmost of scrutiny and concern. BAMO has scoured the globe to source only the most coveted and brilliant textiles for floors, walls, countertops and beyond.

The Waldorf Astoria Residences Miami is located at 300 Biscayne Boulevard and is being developed by PMG, Greybrook Realty Partners and Mohari Hospitality, S2 Development. The soaring tower will rise 100 stories and 1,049 feet above Biscayne Bay as the tallest residential building south of New York City, offering expansive unobstructed views and a new architectural wonder in South Florida. This tower marks the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Miami market.

The property will consist of 360 private residences as well as 205 guestrooms and suites within the five-star hotel. Signature spaces will include Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a spa and fitness center. Construction is estimated to begin in March 2022 with completion in 2025.

Sales for the Sky Collection are led by PMG Residential.

Images via ArX Solutions

For more information about Waldorf Astoria Residences Miami, private showings or purchasing/ leasing information please fill out the form below:

Artist Julio Larraz is Celebrated at the Coral Gables Museum with a Retrospective Exhibition and Related Events

On Wednesday, December 1st, the Coral Gables Museum opened the exhibition, ‘Julio Larraz: The Kingdom We Carry Inside’ in collaboration with the Julio Larraz Foundation. Taking over the main three temporary galleries of the Museum, the show is the first museum retrospective of Larraz in the United States and will be on view through April 30th, 2022.

On that evening, a special viewing of Larraz’s latest video, Astral Flight (2021) by Ari Larraz, Laura Furcic, and Las Animas Films was held in the Museum’s courtyard.

As part of Art Basel Miami Beach morning schedule of events, the Museum hosted a Brunch and Book Launch of Rizzoli’s retrospective publication ‘Julio Larraz: The Kingdom We Carry Inside’ on Saturday, December 4th. With 200 paintings, 50 works on paper, and 10 sculptures ranging from the 1960s to the present, this is the most comprehensive book on the artist to date.

“As it is customary now, the Museum organizes a brunch on the last day of Art Basel Miami Beach as part of the Fair’s morning schedule of events. For us, this collaboration is very important as it attracts other people than our regular public, and doubles the impact of our show,” said Jose Valdes-Fauli, Coral Gables Museum’s Chairman.

“This exhibition has been much-expected. We have received amazing feedback from the public, and the numbers speak by themselves - even when there was a lot to see in the city during Miami Art Week we had over 500 attendees on those two days alone. We are looking forward to many more successful events in the months to come,” said John R. Allen, Coral Gables Museum’s Executive Director.

The Museum has announced a series of Curator Tours led by Chief Curator Yuni Villalonga that will take place during Gallery Nights (the first Fridays of the month,) starting on January 7th, 2022.

“These tours will offer an additional insight on the artist. Beside interesting anecdotes and stories that couldn’t be captured in the exhibition, we will have available facsimile copies of important catalogues in Larraz’s career that the public will be able to check out during the tours,” says curator Yuni Villalonga and adds, “We will soon announce other upcoming related events.”

Artist Julio Larraz (b. Havana, Cuba, 1944) is one of the most influential figures in Latin American art today. Throughout a career of six decades, institutional recognition has gone hand in hand with the admiration and following of colleagues and many younger painters from all over the world that praise his mastery of technique, color and light, and the poetry and subtlety of his work.

The show gathers works that span from Larraz’s early days in New York, as a caricaturist for major newspapers and magazines such as The New York Times, The Washington Post, and Vogue, to the drawings, paintings and sculptures realized in New Mexico, Paris and Florence, as well as in Miami, where the artist currently lives and works. Pieces are drawn from private and public collections, as well as from the Larraz family collection and archives, to represent all themes, mediums and key time periods of the artist’s life and oeuvre.

“Among the selection, there are important works in the artist’s life and career, such as his 1969 depictions of spacecraft Apollo 11’s launch from Cape Kennedy, while being one of the few selected artists to witness the moment when humans first landed on the moon; or the painting that represents Larraz in the CINTAS Foundation’s collection after a 1975 Cintas Award,” says curator Yuni Villalonga.

Coral Gables Museum is located at 285 Aragon Avenue, Coral Gables, Florida.

PMG Announces Pre-Leasing For Society Biscayne In Downtown Miami

PMG will commence pre-leasing at Society Biscayne, the highly anticipated social living community on Biscayne Boulevard in Downtown Miami. Pre-leasing begins on Friday, December 10 with move-ins slated to begin in Spring 2022. The 49-story Society Biscayne is being developed in partnership with Toronto-based real estate private equity firm Greybrook Realty Partners.

“Pre-leasing is always an exciting milestone to reach because it signifies that opening is right around the corner. We are pleased to begin planning for welcoming residents to Society Biscayne and look forward to seeing this new social community flourish in the heart of Downtown.” Said Ryan Shear, Managing Partner of PMG.

Located at 400 Biscayne Boulevard, the 882,000-square-foot project will offer 646 rental apartments, 32,000 square feet of commercial and a 22,000-square-foot redesigned First United Methodist Church of Miami. The ground-floor retail will feature corner coffee shop and meeting space by Cafe Domino and a new lobby cocktail bar and restaurant concept by Jaguar Sun. PMG’s offices will also relocate to the development upon completion.

Amenities at Society Biscayne include a massive pool deck with a 16-foot screen, covered bar and grilling terrace; an outdoor yoga platform and theater lawn; a sky view hot tub overlooking Downtown; a two-level modern gym and fitness studio featuring daily classes; a two-level co-working lab with conference rooms; 24/7 concierge and smart package lockers. A mobile app will provide residents access to keyless entry to units and common areas, guest lists and access, payments and maintenance requests, thermostats, track packages, signup for community events and send messages.

The Society Living portfolio was created to address the insatiable demand for reasonable rents close to urban centers, where modern neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating vibrant living spaces that foster personal growth within a culture of inclusivity and unity. Existing Society Living developments include Society Las Olas in Downtown Fort Lauderdale, Florida, which opened in May 2020; Society Biscayne in Downtown Miami, slated to open in Spring 2022; Society Orlando, under construction in Downtown Orlando; and Society Wynwood, under construction in Miami’s Wynwood Arts District. Over 8,500 units are planned nationally including additional developments in Atlanta, Brooklyn, Denver and Nashville.

JDS Development Completes Phase 1 Of Site Work At 1 Southside Park in Brickell

JDS Development Group, led by Michael Stern, has completed the first phase of site work at 1 Southside Park, a new world-class mixed-use luxury tower in the heart of Brickell. The developer has completed soil mixing on a portion of the site and has moved onto soil mixing at another site on the assemblage. They have also completed a temporary parking lot and the tower is now fully permitted. When complete the tower will rise 64-stories, 773’.

1 Southside Park designed by SHoP Architects, ODP Architecture and Design as well as James Corner Field Operations. The mixed-use project is a redevelopment of an existing fire station at 1105-1133 SW 2nd Ave. 1 Southside Park will rise 64-stories and span 2.48 million square feet of total development. The project will feature 1,195 multifamily units, 200 hotel rooms, 5,120 square feet of event space, 165,000 square feet of office, 99,824 square feet of health and wellness, 23,312 square feet of restaurant space, a 1,417 square foot fast food restaurant space, 1,000 parking spaces and a 32,000 square foot fire station. In exchange for increased development the density of the project, JDS Development will pay for improvements to Southside Park as well as included the new fire station in the project.

The residential units will be operated as apartment rentals and Barry Sternlicht’s Treehouse Hotels will operate the hotel component which will be known as Treehouse Brickell. The hotel component is being designed in collaboration with Rockwell Group with a focus on sustainability by implementing a wide range of energy, water, and environmental design strategies. Treehouse Brickell will minimize the hotel's environmental impact and provide a lower carbon footprint aided by features such as rainwater harvesting and reuse, low-carbon energy materials, electric-car-recharging stations, and bike parking. 1 Southside Park is expected to be completed in 2025.

Inside The Standard and Rosso Development Miami Art Week Soiree Launch Of The Standard Residences

The Standard Residences, Midtown Miami, kicked off Miami Art Week in style with an afternoon bayfront soiree at The Standard Spa Miami Beach, on the Venetian Islands. Hosted by The Standard International Executive Chairman, Amar Lalvani and Founder & CEO of Rosso Development, Carlos Rosso, the afternoon waterside soiree showcased a preview of the iconic hotel brand’s first ever residences, offering the opportunity to live The Standard’s distinctive lifestyle, which to date has only been available at its hotels. The Standard Residences, Midtown Miami re-imagines pied-à-terre-style living in South Florida’s most walkable neighborhood, featuring design by award-winning firms Arquitectonica and Urban Robot. The building will rise in the heart of Midtown Miami and blend culture, community and style with world-class design, amenities and service.

Hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Alex Vadia’s Midtown Development, launched sales of The Standard Residences, Midtown Miami and the project is already over 30% reserved in roughly a weeks time. The 12-story building is located will be located in the heart of Midtown Miam. It will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms, all designed and finished with The Standard’s distinctive touch. In the “anything but Standard” fashion, the building will be the first property in the area to recognize the emerging Flexible Living movement, allowing owners to lease out their units for terms as short as one month.

The Standard Residences, Midtown Miami is designed by Arquitectonica and Urban Robot. The building’s façade draws inspiration from the urban enclave’s storied past while connecting with the new energy of the neighborhood. Residences will range in size from 432 square feet to 965 square feet and will express the ethos for which The Standard is known, meticulously designed interiors that provide that balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors. The expansive lobby will inspire residents to connect, work and play – with lounge areas and a Café. A lushly landscaped rooftop creates an elevated outdoor experience with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London.

Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. In addition, the ground floor of the property will showcase 10,000 square feet of retail boutiques selected by The Standard’s in-house team.

A dedicated Standard concierge will be available around the clock to assist owners and direct cultural and community programming. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The Standard Residences will be located at 3100 NE 1st Avenue, Miami, FL 33137. The project is set to break ground in 2022 with expected completion by mid-2023.

Images via World Red Eye

Renderings of The Standard Residences, Midtown Miami

For more information about The Standard Residences, private showings or purchasing/ leasing information please fill out the form below:

Aston Martin Residences At 300 Biscayne Way Tops Out As Tallest Residential Building South of NYC

Aston Martin Lagonda, developer G&G Business Developments and general contractor Coastal Construction have topped out Aston Martin Residences at 300 Biscayne Boulevard Way in Downtown Miami. The luxury residential tower now reaches the 66th and final residential floor and has taken its place in the aspirational Miami skyline as the tallest residential tower South of New York. Built on one of the last parcels of developable land on the Downtown Miami waterfront, Aston Martin Residences offers 391 luxury condominiums and penthouses with spectacular panoramic vistas of Biscayne Bay and the Atlantic Ocean. Aston Martin Residences Miami is on track to be completed at the end of next year and is nearly 80% sold.

“When we acquired the land, our vision was to build a new landmark, a love letter to Miami and a new benchmark in ultra-luxury living. I’m delighted that the reality is even more magnificent than the vision. To see the Aston Martin Residences reach the top floor fills me with pride. The whole team has worked tirelessly to ensure we are on time, and the craftsmanship is exquisite. Every detail has been carefully considered to translate Aston Martin’s iconic and timeless design language into the ultimate luxury residential development.” Said Germán Coto, CEO of G&G Business Developments

“This is a wonderful moment in the development of Aston Martin’s first-ever real estate partnership. It is one thing to look at the structure as drawings and models but to see this magnificent tower reach its full height is incredible. This collaboration has given Aston Martin the opportunity to define ultra-luxury in the residential space with unique and exclusive designs, exquisite materials and detailed craftsmanship, always with an eye on the balance between beauty and performance.” Said Marek Reichman, EVP & Chief Creative Officer, Aston Martin Lagonda.

Aston Martin Residences features over 42,000 square feet of carefully considered sky amenities. Located across four floors near the top of the majestic tower, every resident will enjoy incredible panoramic views while experiencing a suite of wellness activities designed for mind, body, and soul. A private superyacht marina, permanent art gallery and a 24/7 butler service complete the Aston Martin Art of Living at this one-of-a-kind property.

For more information about Aston Martin Residences Miami, private showings or purchasing/ leasing information please fill out the form below:

Major Food Group and JDS Development Announce 'MAJOR' As The Restauranteurs Behind Carbone Launch Supertall Residential Tower On Brickell Avenue

Major Food Group (MFG), led by the creative forces and Co Founders Mario Carbone, Jeff Zalaznick, and Rich Torrisi of some of America’s most celebrated restaurants, is partnering with powerhouse developer and builder JDS Development Group, led by Chief Executive Michael Stern, to conceive, build, and operate MAJOR. : a new residential-hospitality tower located at 888 Brickell Avenue in Miami, Florida. MFG’s sophistication and reputation for unparalleled food and beverage experiences combined with JDS’s track record for confident, monumental design of quality and craftsmanship, sets the stage for a project of perfectly-dialed maximalism. Upon completion, MAJOR. will represent the tallest building in Miami at 1,049 feet.

MAJOR. marks a milestone in the evolution of Major Food Group, which currently operates a global portfolio of over thirty restaurants, hotels, and private clubs. MFG established roots in South Florida in 2021 with several smash successes: CARBONE and HaSalon in the South of Fifth neighborhood and the private membership venue ZZ’s Club in the Miami Design District. MFG will launch a range of additional projects in the region in the coming year, including several outposts of the brunch institution Sadelle’s, beginning with Coconut Grove, and Dirty French Steakhouse in Brickell.

Located at 888 Brickell Avenue, MAJOR. will feature 259 custom residences and offer the most impressive collection of food and beverage amenities of any building in Miami, if not the United States. MFG will oversee all branding and hospitality programming. Standalone restaurants and private clubs will be among the concepts.

“For the most dynamic city in the United States right now, our goal is to build the most luxurious residential tower in the world, with a thrilling array of spaces and amenities that no other building can match. In a word, this is going to be MAJOR.” said Jeff Zalaznick, MFG Co-Founder

MAJOR. represents yet another large-scale skyscraper by JDS Development Group. Led by Founder and CEO Michael Stern, JDS is a team of innovators and builders pioneering forms of large-scale urban development in the New York City and Miami metropolitan regions. The firm is known for complex assemblages and moving markets through transformative, design-forward projects that raise the bar for new development and challenge the status quo of the real estate and construction industries. JDS projects include the iconic Walker Tower, The American Copper Buildings, the recently topped-out Brooklyn Tower, and 111 West 57th Street in New York City, and Monad Terrace, Echo Brickell, and Echo Aventura in South Florida.

“You haven’t seen anything like MAJOR.,” stated Michael Stern, Founder & CEO of JDS Development Group. “We are proud to partner with the MFG on this unprecedented residential, dining, and hospitality opportunity.”

This will be the firm’s fifth supertall skyscraper and third project in the Brickell neighborhood. JDS also co-developed the record-breaking Echo Brickell condominium project and recently broke ground on the large-scale mixed-use 1 Southside Park in Brickell.

JDS and MFG have enlisted industry design luminaries Studio Sofield and Ken Fulk Inc. for the project. William Sofield, who will oversee design of the tower, lobby, and residences, has a longstanding relationship with JDS as interior architect of the ultra-luxurious 111 West 57th Street and historic Steinway Hall conversion in Manhattan. Sofield’s remarkable career includes work with luxury brands from Bottega Veneta, Tom Ford, and Gucci, to iconic clubs such as Manhattan’s Core Club. Fulk, a longtime MFG collaborator, will be responsible for the food, beverage, and club spaces at MAJOR. Fulk has designed such atmospheric spaces as Carbone and ZZ’s Club in Miami and the new Crown Club at Brooklyn’s Barclays Center, among other exceptional experiences for the swiftly expanding MFG brand family.

Additional MAJOR. details will be released early next year.