Master Brokers Forum: Check Out This Hollywood Waterfront Estate Asking $16.5 Million

Master Brokers Forum member Liz Hogan presents this stunning Hollywood waterfront estate sitting on over one acre; a triple-corner lot with 450 of re-done seawall. The home was remodeled in 2020 with no expense spared, including a new lift that can accommodate up to an 80 foot boat, one folding dock for three jet skies and tender, two wine cellars, theatre room, tennis court, fitness room, custom doors and archways, and so much more. Enjoy spectacular water and Intracoastal views from every room in the house. The separate guest house boasts two beds and two baths. Located just minutes from Aventura Mall, Fort Lauderdale airport, and major highways.

900 South Northlake Drive, Hollywood, FL 33019 is currently listed for $16,500,000 with Liz Hogan of Compass, who can be reached at 305-804-9700 and/or liz.hogan@compass.com.

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

This article was produced in partnership with Master Brokers Forum

FTX OFF THE GRID ANNOUNCES UPCOMING MIAMI BEACH RACE WEEKEND FESTIVAL

Leading cryptocurrency exchange, FTX, in conjunction with partners the Mercedes-AMG Petronas F1 Team, luxury Swiss watchmaker IWC Schaffhausen, the official timekeeper for the event, and the City of Miami Beach, will soon debut FTX Off The Grid, an unparalleled three-day series of unique and immersive experiences at the intersection of crypto, culture, and cars, during the most anticipated race weekend on the sporting calendar. Bringing the thrill of racing and the culture of Miami Beach to the masses, this unforgettable weekend-long event will unveil right on the sands of South Beach from May 6 - 8, 2022, hosted by Johanna Gomez, featuring ticketed performances by Disclosure, Kaytranada, Jamie XX, and more.

Home to some of the world’s most notable annual events including Art Basel, SOBE Wine and Food Festival, and Miami Swim Week, South Beach will now be home to the next milestone marquee event with FTX Off The Grid. Bringing motorsport fans, friends, collaborators, and culture seekers across music, sports, fashion, technology, and hospitality together in one space, the event will take place at 10th Street and the beachfront, directly on the sands of South Beach, just beyond the iconic, pastel-hued Art Deco buildings lining Ocean Drive. Complementing the natural vibrancy and beauty of Miami Beach, FTX Off The Grid will transform over 165,000 square feet of oceanfront space into an ‘Electric Beach’ themed entertainment venue, that captures both the style of the city and the innovative nature of the blockchain ecosystem and FTX.

Guests can anticipate three exciting days of multilayered activations, showcasing first-class entertainment, high-profile performances and surprise celebrity appearances; local cuisine and beverages; The IWC Big Pilot Exhibition; NFT art galleries and creation stations; a locally inspired fashion show; Mercedes-AMG car displays; dedicated Star Atlas Video Gaming Lounge that features both the best of gaming’s past and previews of its future, and so much more. There will also be an exclusive VIP hospitality space, coined the FTX Beach Club, which will be used for VIP entertainment and meet and greets.

“Formula 1 coming to Miami will signal the start of a US racing experience unlike any other. With Miami at the forefront of crypto and FTX leading the charge, it was the natural next step for FTX to capitalize on the hype and create something truly unique in Miami Beach. We’re extremely excited to finally unveil all that we’ve put into this multifaceted experiential event to all our guests,” said Sam Bankman-Fried, Chief Executive Officer of FTX.

On Saturday and Sunday, a Mercedes-AMG Petronas F1 car will take to Ocean Drive for a high-energy spectacle that will have Miami Beach revved up for an incredible race weekend experience. Delivering constant energy to the event, local DJs will keep the crowd moving during the day as they explore everything FTX Off The Grid has to offer. As darkness falls on the beach, the stage will transition into a three-night ticketed concert series called ‘Sunset on the Sand’ produced in collaboration with III Points, Club Space and Link Miami Rebels, with special performances from Disclosure, Kaytranada, and Jamie XX.

“We’re excited to be collaborating with FTX Off The Grid over the Miami weekend,” shared Toto Wolff, Team Principal & CEO, Mercedes-AMG Petronas F1. “As the sport continues to develop in the US, it’s fantastic that FTX, with their inherent creativity and spirit of innovation, are seizing this opportunity to elevate the fan experience with their takeover of Miami Beach.”

“Our City and community are beyond excited about this race weekend. FTX Off The Grid promises to be an action-packed and epic festival,” said City of Miami Beach Mayor, Dan Gelber.

Explore the dimensions of FTX Off The Grid:

• Mercedes-AMG Petronas F1 Garage I Integrating the Mercedes-AMG Petronas F1 Team into the heart of the festival, fans will get the chance to get up close and personal with the team’s F1 car.

• FTX NFT Art Galleries & Creation Stations | Connecting fans to the FTX and blockchain ecosystem, guests will have unrivaled access to create, discover, and purchase NFTs all throughout the event. The event also features a collection of unique one-of-one NFTs for purchase by a local artist. Guests can also create their own NFTs, which can be minted and pressed onto swag on-site for an unforgettable takeaway.

• IWC Big Pilot Exhibition | IWC, the official timekeeper of FTX Off The Grid Miami Beach, will participate in the event with the return of their Big Pilot Exhibition, alongside an exclusive IWC lounge where they will entertain guests, partners and friends of the brand.

• Mercedes-Benz and Mercedes-AMG Car Display | Offering a look at the latest lineup of Mercedes vehicles, guests will have a chance to get up close with their favorite vehicle models from Mercedes-AMG, Mercedes-EQ, and Mercedes-Maybach, and learn about the newest performance features from a team of Mercedes experts. Complementing the Miami art scene, a local artist will also be creating a live art installation using a Mercedes vehicle as their canvas.

• Star Atlas Video Game Lounge | A metaverse that is pioneering the next generation of gaming, Star Atlas will offer guests an up-close look at the in-game experience in the Star Atlas video game lounge, which will be featured alongside classic, vintage arcade games.

• Mercedes-AMG Petronas F1 Merch Store | Giving guests access to official team merchandise, the store will deliver a pop-up experience, which will act as a physical showroom, showcasing the team’s replica race kit.

• Motorsport Games | Guests can put their on-track driving skills to the test in the unbelievably realistic racing simulators from Motorsport Games. Featuring the popular racing game, rFactor2 guests will have the opportunity to go head-to-head with their friends on an iconic global racetrack.

• Fashion Show | In partnership with a local Miami designer, a choreographed fashion show will take place on early Saturday evening against the backdrop of the iconic Miami Beach.

FTX Off The Grid will offer guests free access during the day and ticketed concert performances by night. Register for an exclusive NFT ticket and find more information on the line-up, activities, and schedule at www.ftxoffthegrid.com.

Related Group And Tricap Launch NoMad Residences Wynwood With A Casa Tua Cucina

One of Florida’s leading developers Related Group, together with Manhattan-based developer Tricap, have unveiled plans for the NoMad Residences Wynwood, the first residential concept from the global hospitality icon NoMad Hotels and its parent company, Sydell Group.

Known for thoughtfully designed properties, grounded in the idea of ‘creating an artfully lived life,’ NoMad Hotels have captured the imagination of world travelers. The brand’s curated approach has earned countless accolades from media and industry organizations, including NoMad London being honored as one of the city’s top hospitality destinations by Architectural Digest, Conde Nast Traveler and Vogue, as well as the AHEAD Global Ultimate Award for “Best New Hotel in the World” and “Hotel of the Year” at the AHEAD Europe 2021 awards.

“There is no brand better suited for Wynwood,” says Jon Paul Pérez, President of Related Group. “Each NoMad Hotel embraces and elevates its surrounding communities with an artistic spirit that fuels excitement, energy and growth. Along with our partners at Tricap and NoMad, we are set to deliver the only residential experience worthy of this incredible neighborhood.”

Presenting experiences rich in style and mastery of craft, the NoMad Residences Wynwood is the first hospitality infused condominium in the market, drawing inspiration from the brand’s inaugural property in New York City, as well as its award-winning sister hotels in London, Las Vegas and Los Angeles. At the heart of this promise is the property’s best-in-class food and beverage offerings, which include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, VP of Food and Beverage at Sydell Group and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park.

Andrew Zobler, CEO at Sydell Group and recent Miami transplant, says, "Our team is known for creating unique hotels that feel like home and tell stories of their neighborhoods. As our first fully residential experience, we intend for the NoMad Residences Wynwood to become central to our residents’ life stories and set a new bar for condominium living."

The project will also include an exceptional anchor destination on the ground floor – Casa Tua Cucina. A lighthouse brand setting the standard for a new way of experiencing high-end social dining, ‘Cucina’ is an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare. A brand whose intention is set on offering meaningful and authentic experiences, Casa Tua Cucina brings soul, craftsmanship and a strong-rooted community to the heart of Wynwood.

“My team and I love Wynwood. The neighborhood is blooming and quickly asserting itself as one of the world’s great communities,” says Casa Tua founder Miky Grendene. “It’s been incredible to work with all the talented teams involved in the NoMad project, all of which share our commitment to simplicity, quality, and service. We cannot wait to deliver a gathering space that’s as vibrant and soulful as Wynwood itself.”

Located at 2700 NW 2nd Avenue, steps from the world-famous Wynwood Walls, the NoMad Residences Wynwood continues the brand’s tradition of blending iconic heritage with new, cutting-edge ideas. The brand’s focus on eclectic, modern design remains a priority, with all interior spaces envisioned by DesignAgency – known for their work with world-renowned brands. Working together with the development team and global award-winning architecture firm Arquitectonica, DesignAgency is committed to delivering spaces that honor and complement Wynwood’s free-thinking aesthetic.

The meticulous attention to detail extends to the bespoke on-site amenities, hand-selected by NoMad’s world-class team. In addition to the showstopping eatery and bar, the expansive rooftop will feature striking panoramic views of downtown Miami, a fully serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more. Additional on-site highlights include an outdoor theater with a seating lawn and grilling area, 24/7 valet service, and museum-quality art handpicked from the Jorge M. Pérez Collection.

The 329-units within the nine-story building range from 464 to 931 square feet and come standard with high ceilings and floor-to-ceiling sliding glass doors leading out to private balconies. Kitchens will be equipped with premium Bosch appliances, Italian-style cabinetry adorned with brass hardware, and sleek stone countertops. All units will also come fully furnished, with packages curated by DesignAgency. Buyers will also have the option to rent their units to guests, with the expert in-house property management team spearheading check-in and check-out.

The surrounding Wynwood neighborhood – praised as one of the country’s hottest neighborhoods by Tripadvisor and the most walkable area in Miami – frames the property. Residents enjoy easy access to countless office hubs, including a WeWork location, 70+ art galleries and countless street-level murals, trendy boutiques featuring a mix of eclectic and couture fashion, as well as well-known retailers, such as Marine Layer and Warby Parker. The property is also steps from Miami’s most exciting culinary scene, featuring nationally recognized outposts such as KYU, Panther Coffee, Uchi, Zak the Baker and many others.

“There are no compromises here,” says David Edelstein, Principal at Tricap. “Between the unmatched location, The NoMad Bar, Casa Tua, the first-class amenities, and exclusive thoughtful offerings, the NoMad Residences Wynwood sets the standard for all future residential concepts in the area.”

With prices starting in the mid $500,000s, reservations for the NoMad Residences Wynwood are set to begin in April 2022, with groundbreaking targeted for the last quarter of 2022. Fortune Development Sales is the exclusive sales partner.

Images via Related Group

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

Continuum Company Breaks Ground On The Sold-Out La Baia, Bay Harbor Islands

La Baia, Bay Harbor Islands, the new luxury boutique bayfront condominium and private marina by New York visionary and developer Ian Bruce Eichner, CEO of The Continuum Company, LLC, has broken ground. The Continuum Company hosted a groundbreaking ceremony with Suffolk Construction on April 13, the appointed general contractor of the condominium, and La Baia’s exclusive sales brokerage Pgutman LLC headed by Phil Gutman, to commemorate the start of construction on the project site located at 9201 East Bay Harbor Drive.

In addition to announcing this milestone, The Continuum Company has completely sold-out the 68 luxurious residences which launched sales in October. The unprecedented sales have been attributed to the property’s tranquil cove-like setting, well-appointed resort-style amenities, and large, airy offerings that have La Baia continuously outpacing the rest of the area’s luxury condominium market.

“This is a day of tremendous pride for us,” said Eichner, the founder of The Continuum Company, LLC. “Not only are we delighted to be hosting this momentous occassion so soon in the process, but La Baia’s extraordinary sell-out is a true testament to the unique lifestyle and transformative potential of the Bay Harbor Islands, one of Miami’s most coveted hidden gems.”

Featuring a highly sought-after location on one of the last large-scale land parcels remaining in South Florida’s exclusive Bay Harbor Islands, La Baia will feature just 68 luxurious residences with 20-boat slips and more than 30,000 sq. ft. of resort-style amenities. Sized from one- to four-bedrooms -- and spanning between 1,100 to 2,500 square feet -- each La Baia 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, and kitchens featuring custom Italian cabinetry by Snaidero and Miele appliances. Ceiling heights range between nine- to 10- feet, there are spacious his-and-her walk-in closets, and balconies with glass railings offer unobstructed views of Biscayne Bay, the Atlantic Ocean, Bal Harbour, Miami Beach and downtown Miami.

“Featuring the exceptional design talents of Revuelta Architecture, Durukan Design, and Enzo Enea, La Baia introduces a new dimension in urban, waterfront living that has attracted an overwhelming response from savvy buyers from the U.S. and around the world,” said Phil Gutman, President of Pgutman LLC, the project’s exclusive broker. “Combining spectacular style, unmatched exclusivity and an array of first-class amenities, La Baia celebrates the very best Miami has to offer.”

Offering the best of a yachtsman’s lifestyle, La Baia features a 20-slip marina available exclusively to residents, with direct ocean access via the Haulover Inlet that can take residents to the Florida Keys, the Bahamas, and beyond. Other waterfront amenities include paddle boarding, kayaking and more.

A myriad of additional resort-style amenities include a rooftop terrace with breathtaking ocean views, featuring a pool with poolside chaise lounge chairs, tropical heated soaking spa, children’s play area with an interactive splash pad, and shaded lounge areas for dining and entertaining.

The third-level breezeway garden offers residents a covered contemplative seating area and a reflection lawn for a yoga session or family gathering, while a Residents’ Club Room and state-of-the-art fitness center are among the property’s other top-line amenities.

“Building this gorgeous, boutique condominium on one of the last large-scale land parcels remaining in Bay Harbor Islands is exciting and special for our team,” said Peter Tuffo, president of the south region of Suffolk. “We will apply innovative technologies and our expertise in building luxury, waterfront residential projects to bring the stunning vision of La Baia to life.”

La Baia, Bay Harbor Islands is slated for project completion and delivery in November 2023. Continuum Company expects to launch a north tower in the near future.

Renderings via Evolution Virtual

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

Mast Capital And Cipriani Host Lavish Riverfront Launch Soirée For Cipriani Residences Miami

On April 5th, Mast Capital and Cipriani joined together to host a launch soirée for Cipriani Residences Miami, a new ultra-luxury condominium in Miami’s Brickell neighborhood. The event was held at Cipriani Downtown, capturing the essence of the brand recognized for its distinguished style, world-class service and four generations of history and tradition. During the event, the visionaries behind the development, Camilo Miguel, Jr., the CEO of Mast Capital, Bernardo Fort-Brescia, the founding principal of Arquitectonica, and Giuseppe Cipriani, CEO of Cipriani, addressed the crowd.

Designed by award-winning firm Arquitectonica, Cipriani Residences Miami will deliver an unprecedented residential lifestyle withone- to four-bedroom residences, priced from $1.1 million. The tower will rise 80 stories on Miami’s rapidly growing skyline, offering panoramic views of the city, Biscayne Bay and Simpson Park. Among the most intriguing components of Cipriani Residences Miami will be the resident-only dining experiences, where residents will have exclusive access to dining services by Cipriani. The development will also feature a wide array of hotel-like amenities and services, including an elevated resort-style deck with two swimming pools, cabanas and a sun terrace, as well as towel and poolside food and beverage services.

Cipriani Residences Miami is located at 1420 South Miami Avenue. The building is expected to complete at the end of 2025.

Images via World Red Eye

Check Out The Ultra-Luxe Penthouse At Regalia Residences In Sunny Isles Beach Which Just Hit The Market For $33.9 Million

Located along the shores of famed Sunny Isles Beach in Miami, FL, a never-before-lived-in turnkey Miami Penthouse residence high-atop the ultra-exclusive Regalia Residences just hit the market for $33.918 million. The lavishly furnished crown-jewel penthouse listing is exclusively represented by Pordes Residential Sales & Marketing team, who also represented various owners who currently reside in the tower and lead the tower in sales over the past 12 months. With only 39 full-floor oceanfront residences in the building, the buyer of the penthouse at Regalia will gain access to a lifestyle that is nearly impossible to find elsewhere, becoming part of an exclusive group of owners in one of the most sought-after penthouses in Miami.

“This unique 10,755 interior sq. ft. 6 bedroom 7.5 bath trophy Penthouse is a once-in a lifetime opportunity to own the crown jewel never occupied oceanfront PH in all of Miami. Regalia is known to be one of the most private exclusive residential towers built with only 39 full floor residences. The tower offers five star white glove service, and an array of the best amenities. The interiors of this Penthouse were custom designed with the highest level of finish and furnishings,” said Mark Pordes, CEO of Pordes Residential. “The residence is priced below market value and ready for immediate occupancy for that special family who is looking to enjoy this extra ordinary lifestyle this season. Directly next to the estate homes located in the world class town of Golden Beach, on the most norther oceanfront site in Sunny Isle beach with 360 degree views that are protected forever. Five minutes to the Aventura Mall and 15 minutes to the Bal Harbour shops, the location and residence is truly a rare opportunity.”

Designed by architect Bernardo Fort-Brescia of Arquitectonica, the exclusive property includes 6 bedrooms, 7.5 bathrooms and occupies the top 3 floors of the oceanfront tower. The turn-key residences interiors are designed and decorated by world-renowned architect Charles Allem of CAD International, incorporating onyx, mixes of leather and lacquer, brushed limestone, fine wood and designer wall coverings.

The penthouse offers unobstructed panoramic ocean views with 360-degree views of sunrises and sunsets all throughout the home. The great room features 20-ft high ceilings displaying a chandelier with 225-plus floating tubular glass pendants. The residence also features a $1 million dollar bookmatched marble spa spanning 1,500-square-feet of space which is covered from floor to ceiling in stunning marble, and features a couples jacuzzi, massage room, private sauna and steam room/ hammam with a towel-warming wall.

Other features include a $100,000 bar made from a single slab of backlit amethyst stone and a 500-bottle+ temperature-controlled wine cellar, a circular glass elevator, movie theater with custom leather and millwork finishes and soundproofing, game room, multiple midnight kitchens, and a Poliform Italia custom kosher kitchen with pantry, large cooking island, and Wolf & Sub-Zero appliances with double appliances.

The penthouse features extensive outdoor space with wrap-around balconies on each floor overlooking the Atlantic Ocean, Intracoastal Waterway and Miami and Fort Lauderdale skylines. A private elevator gives access to a private rooftop deck with cabana and an enclosed area to block wind yet open to the sky. The outdoor enclave offers a summer kitchen, retractable roof, full pool cabana bathroom, sky bar with lounge seating and a private pool. Sliding glass doors allow access to the open 360-degree wrap-around balcony.

Amenities at Regalia include an oceanfront infinity pool with private poolside cabanas, a cold-plunge pool, hot tub, and beachfront services are among the outdoor lifestyle amenities. The full-service owners lounge provides poolside and beachside light food and beverage services. Interior amenities include a resident co-ed spa complete with steam, sauna, couples massage room, and a hair and nail salon. A state-of-the-art fitness center, a yoga/meditation room, pilates room, a residents-only café, childrens playroom, and five-star concierge services with staff trained to offer the pinnacle of white glove service, are all part of the unparalleled luxuries enjoyed by residents of Regalia.

Regalia, 19575 Collins Avenue, Penthouse 43, Sunny Isles Beach, FL 33160 currently listed for $33.918 million with Pordes Residential. For more information or to set-up a showing please contact Mark Pordes at (305)-588-7769 or email Mark@pordesresidential.com, Garrett Pordes at (305)-785-8880 or email Garrett@pordesresidential.com, and Adam Kaufman at (305) 409-0911 or email Akaufman@pordesresidential.com.

More Info: www.pordesresidential.com/the-firm/portfolio/regalia-miami-penthouse-for-sale/

MLS#: A11166129

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Black Lion Purchases Iconic Hospitality Destination In Miami Beach's South of Fifth Neighborhood

Black Lion has acquired an iconic restaurant space in Miami Beach’s South of Fifth neighborhood. The property is located at 200 South Pointe Drive, in front of the luxury Continuum Residences condo development. Black Lion is preparing to announce flagship restaurant concept which will be new to the Miami market. The property was formerly Cibo Wine Bar South Beach and is steps away from the beach and South Pointe Park. The 12,000-square-foot venue was purchased from Ian Bruce Eichner of The Continuum Company for $11.5 million, who developed the building, and brokered by Phil Gutman of PGutman, LLC and Pablo Camposano of Colliers International.

“We are excited to introduce something special to Miami Beach,” shares Robert Rivani, President of Black Lion. “Through relationships with high-caliber hospitality groups, we are able to create once in a lifetime opportunities that set the precedent for up and coming cities and curate unique lifestyle experiences at our properties. The soon-to-be-announced concept at 200 South Pointe Drive is no exception.”

The prime mixed-use retail/ restaurant space feature an open, multi-storied layout which allows for flexible design options and prominent branding opportunity with high visibility signage from two locations. Features include 19’ – 22’ ceilings, an outdoor courtyard and a rooftop lounge accessible by elevator.

This property is the latest addition to Black Lion’s growing South Florida portfolio of mixed-use, restaurant and hospitality commercial investments. Led b Robert Rivani, the company’s recently announced several Miami projects and acquisitions including Brickell Bay Boardwalk, Wynwood Jungle, Amara at Paraiso in Edgewater, new venues at Marea South Beach, and a yet-to-be-named restaurant concept on the ground level of the SLS LUX in Brickell.

Baccarat Residences Miami Crystalizes True Potential of Brickell Skyline

Miami's Brickell neighborhood, dubbed in the early 1900s as Miami’s Millionaire’s Row, evolved to become a banking center headquarters in the 1980s and has transformed once again into an effervescent hub of luxury shopping, culinary excellence and opulent living. Now known as the “Manhattan of the South,” Brickell is both the city’s most exciting community and a premier hub for international finance in the United States.

This transformation happened in a matter of years, with an overall population growth of over 50% since 2000. While many point to the pandemic-era migration as the main catalyst for this rapid growth, the entrance of world-class lifestyle destinations, such as Brickell City Centre, and an influx of exclusive luxury properties such as Baccarat Residences Miami, have steadily positioned the neighborhood as one of the most desirable in all of South Florida. 

In addition to ample lifestyle options, the area’s density and proximity to public transit have also made it one of the state’s most walkable communities, with easy access to the Metromover, the newly inaugurated Underline, and a network of pedestrian and cycling paths. This has led to the area being recognized as the best place to live in Miami for the second year straight. 

The transformation of Brickell has made national headlines, with leading publications like Forbes and the Wall Street Journal reporting on the unprecedented residential demand. At the same time, social channels are flooded with images of residents and visitors alike who have become a grassroots marketing force for the community.  

“Brickell residents live surrounded by striking art, a diverse array of world-class dining experiences, and Florida’s finest retail shopping,” said Jon Paul Pérez, President of leading developer Related Group. “It’s proof that neighborhoods really can change from being purely office-driven to true live-work-play communities.” 

Brickell’s momentum shows no signs of slowing. Transplants continue to arrive from around the world driving residential demand to an all-time high. Data from the Miami Association of Realtors and the National Association of Realtors reveals that, from August 2020 to July 2021, foreign buyers purchased $5.1 billion worth of residential properties in South Florida. 

Developers are meeting this increased demand with several new marquee projects such as the ultraluxe Baccarat Residences Miami. The result of a partnership with legendary French crystal maker Baccarat, the renowned Related Group and visionary SH Hotels & Resorts, the 75-story high-rise will sit at the gateway to Brickell, on one of the last remaining waterfront sites where the Miami River meets Biscayne Bay. 

“Our buyers are more discerning than ever,” added Pérez. “With this in mind, we’ve taken out all of the stops and really focused on making Baccarat Residences Miami, and our new generation of condominiums, the most luxurious we’ve ever built.” 

Crafted by the world’s preeminent architects and designers – including Arquitectonica, Meyer Davis and Enzo Enea – the property will feature 318 tower residences, eight penthouses and an exclusive selection of 28 riverfront flats and duplexes. All homes offer spectacular views and expansive interiors expertly crafted to feel luxurious yet supremely comfortable. Residents will enjoy a host of five-star amenities throughout five levels of the tower expertly managed by SH Hotels & Resorts, and brilliantly executed to include stunning social areas and clubrooms, wine cellar, screening room, billiards, Anatomy fitness center, La Mer hammam spa, elevated pool deck and pool side café, riverside restaurant, residents’ yacht, and the 39th level Baccarat Lounge. The on-site property offerings are complemented with the Beach Club membership to the 1 Hotel South Beach, SH Hotels & Resorts sister property.   

“Our entire team, and family, couldn't be more pleased with the way this neighborhood has evolved,” said Pérez. “The best part is it’s still just beginning. When these projects are all done and people are living here full-time, we’ll see Brickell’s personality continue to grow and evolve. It’s incredibly exciting.” 

For more information about the property, please visit: www.BaccaratResidencesMiami.com.

Urbanica Sells Meridian Hotel To Miami-Based Investment Firm

The Urbanica Meridian Hotel, located at 418 Meridian Ave on Miami Beach was recently sold by Urbanica, the group responsible for facilitating the revitalization of the dwindling Fifth Street Corridor through their development of staple lodging, food, and beverage establishments. The hotel sold to Miami-based investment firm, Cambridge Lansdowne, for $30.5 million. Paul Weimer and Christian Charre of CBRE represented both the buyer and seller.

The Urbanica ownership team, Charlie Porchetto and Diego Colmenero, are now focusing on their new flagship projects, the largest within their hotel portfolio, including Urbanica Beach located in the North Beach neighborhood at 6747 Collins Avenue. The development, which includes 200 rooms and two pools, will be home to multiple restaurants and entertainment facilities. Urbanica has also acquired a property in the up and coming Edgewater area of Miami, Urbanica Biscayne at 3200 Biscayne Blvd. The hotel also offers 200 rooms for guests, 7,000 square feet of event space, and a number of conference, dining, and leisure options.

“We had a great opportunity to bring Urbanica Hotels to Miami seven years ago and contribute to the revitalization of Fifth Street, and did so with our first location of Meridian Hotel,” says Charlie Porchetto. “We’re proud of what this location has done for the neighborhood, and are looking forward to stepping into Edgewater and North Beach with these new properties, areas that have the same potential for growth as we saw with Fifth Street on Miami Beach.”

In Miami, Urbanica continues to own and operate the Urbanica Euclid and Urbanica Fifth hotels, both located on Fifth street on Miami Beach.

Fort Partners Pays Off $210 Million Construction Loan at Four Seasons Fort Lauderdale

Miami-based development firm Fort Partners has today announced that the $210 million construction loan for the Kobi Karp-designed Four Seasons Hotel and Private Residences Fort Lauderdale has been paid off. The loan, financed by Madison Realty Capital, became the largest residential construction loan in Fort Lauderdale history when it closed in 2019, and still holds that title today.

“With the opening of the hotel, closings well underway and only a handful of residences remaining for sale, we are incredibly proud of our team at Four Seasons Fort Lauderdale,” said Nadim Ashi, Founder of Fort Partners. “Paying off this construction loan is a very important milestone for us, and comes just as the project is debuting to the world for the first time.”

Four Seasons Fort Lauderdale features 148 guest rooms and 83 residences ranging in size from one- to four-bedrooms, with each residence offering expansive living spaces and generous outdoor terraces overlooking the Atlantic Ocean and Intracoastal Waterway. The hotel celebrated its official opening earlier this month, and residents began moving in shortly thereafter. Sales have been incredibly strong at the development, and now there are only three residences left for sale. Current availability is priced from $4.6 million.

"The pace in which we were able to achieve near sellout and pay off Fort Lauderdale’s largest construction loan in history is unprecedented for the area," added Ramzi Achi, Principal of Fort Partners. “Four Seasons Fort Lauderdale is a first-of-its-kind luxury development, and it’s been gratifying to see buyers recognize this tremendous value.”

Images via Rich Stapleton