THE ESTATE COMPANIES GRANTED SITE PLAN APPROVAL FOR SOLESTE POMPANO BEACH LUXURY MIXED-USE RENTAL COMMUNITY

The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.

“We are extremely excited to bring this project to the City of Pompano Beach and thank the city officials, planning and zoning board, and staff for their confidence and support,” stated Nicholas Diaz-Silveira, senior development associate at The Estate Companies. “This community-oriented development will provide a truly enhanced lifestyle experience for residents through our vast collection of luxurious amenities and social components at an attainable price point.”

Ranging in size from 450 to 1,050 square feet, Soleste Pompano Beach will include studio apartments, one- and two-bedroom units, and live-work units with a combination of residential and business space. A parking garage will include 367 spaces with another 11 parallel parking spaces at the ground level.

The Estate Companies is known for its Soleste Living brand portfolio of luxury multi-family rental developments throughout South Florida, all of which feature health and wellness offerings and social components. Soleste Pompano Beach will include a resort-style pool and amenity deck with fitness center on the sixth floor and public open space with a picnic area.

Soleste Pompano Beach is situated on one of South Florida’s main arteries, U.S. 1, just north of East Atlantic Boulevard, and in close proximity to many local attractions including the beach and a myriad of entertainment and dining options. The project is slated to break ground toward the end of Q3 2022.

The Estate Companies has numerous other projects in various stages of development throughout the tri-county region including Hialeah, Spring Gardens, North Miami Beach, Hollywood, Dania Beach, Riviera Beach, and West Palm Beach.

Italian Developers Capture South Florida

South Florida, the tropical paradise we know and love, can be a challenging business environment for residential developers coming from overseas.

So, it’s great to report on a company with strong European roots that continues to make its mark in the region. Coral Gables-based developers The Calta Group, are market leaders with over $150 million in its development project pipeline spread across South Florida’s most prestigious markets. The Calta Group’s projects are diversified between ultra luxury single-family residential and Class A multifamily properties.

“Post-pandemic South Florida’s appeal has grown immensely, and a new crop of buyers and renters have emerged,” says Gaetano Caltagirone, president and co-Founder of The Calta Group. “We cater to domestic and overseas buyers -- and now renters -- who appreciate functional design, as well as smart and sustainable detail and finishes in their homes,” explains Ignazio Caltagirone, CEO & co-Founder of The Calta Group.

Multilingual globetrotters Gaetano and his brother Ignazio have extensive development experience in one of Italy’s most prominent real estate dynasties, having completed upwards of $1.5 billion in transactions. They bring a refined European sensitivity to building homes that fit harmoniously into the local environment.

Beginning in South Florida in 2010, the family-owned firm has weathered tumultuous real estate cycles while growing their business. They have built an impressive multidisciplinary team, which approaches each project with an exceptional pursuit of excellence. Coming from Italy, the Caltagirone brothers emphasize attention to detail. “We focus on delivering high-level finishes using the best materials and consider everything from lighting placement, to quality doors and kitchen hardware. Incorporating sustainable solutions into our projects is also a given,” says Ignazio Caltagirone.

The Calta Group’s success is reflected in a portfolio of ultra-luxury custom and spec single-family homes in Miami Beach, Coral Gables, South Miami and Pinecrest. They develop highly desirable homes that lead their respective market with record sales.

The company recognizes that single-family buyers, both domestic and new arrivals, appreciate a distinctly Florida vibe that makes their year-round residences feel like a vacation home. Many of the homes include resort-style amenities such as a pool, gym, saunas etc. “These amenities in a tropical environment make a home the ultimate sanctuary,” notes Gaetano Caltagirone.

The Calta Group has diversified into multifamily development and expanded its geographical footprint with the recent acquisition of a 180-unit multifamily development site in Hollywood, Florida. Located on Hollywood Boulevard, with proximity to Hollywood’s commercial center, the project will appeal to young professionals and their specific lifestyle needs. “We’re going to offer residents a fresh perspective on urban living with amenities suited to evolving tastes and preferences and of course, our signature attention to detail,” says Iganzio Caltagirone. Unit sizes will be smaller than comparable apartment buildings, but more efficient, and with more common area spaces that appeal to the resident demographic. “Younger people are not looking to live in these spaces long term. They don’t necessarily want to spend much time in their apartments and prefer common areas.” Amenities will include an onsite business center so residents can simply walk downstairs to work, as well as a dog park and dog-washing stations.

The Calta Group is actively pursuing multiple multifamily development projects in South Florida’s burgeoning and bustling neighborhoods. As recently featured in The Miami Herald, the firm plans new projects in the Little River neighborhood, catering to area workers next.

This article was done in partnership with The Calta Group

Pebb Capital and LeaseFlorida Sell Hampton By Hilton at The Continental in Miami Beach For $43.9 Million

Pebb Capital and LeaseFlorida have sold the Hampton by Hilton at The Continental in Miami Beach, Florida for $43.90 million. The sale closed on June 15 to a privately held LLC. The JV renovated the historic structure in 2016 for $25 million.

This deal is a record for the Hampton flag, marking the second-highest price per key in the brand’s portfolio and is significant for the area, which is in the midst of an evolution to become a business epicenter, allowing for the long-term growth of local industries catering to the ever-expanding clientele.

The Continental Hotel was originally built in 1948. It was converted into a condominium after the hotel closed until the JV purchased it and converted it back to its historic use as a hotel. The renovation included restoring the exterior façade to bring back the charm of the original Continental Hotel. It was kept in the original MiMo style (Miami Modern) which was the architectural style post World War II era (1945 to mid-1960s) that originated in Miami and Miami Beach. The original reception desk and pool were also restored.

Master Brokers Forum Listing: Check Out This Coconut Grove Modern Tropical Oasis Asking $2.995 Million

Master Brokers Forum: Master Brokers Forum member Karen Elmir presents this exceptional turnkey renovated home in the highly desirable north Coconut Grove neighborhood. The 3,152 square foot, four bed/four bath/two story traditional modern home on quiet Tequesta Lane features an open floor plan with master suite on the second floor and private balcony. High-end finishes throughout the house include an artificial grass wall lining the front facade, a staircase wall, along with slatted wood lining in the overhangs. Upgrades include a new tankless water heater, heat pump, closets, fresh landscaping and more. Enjoy the pool & hot tub surrounded by a huge backyard with plenty of grass and palm trees for privacy.

2315 Tequesta Ln, Miami, Florida is currently listed for $2,995,000 with Karen Elmir of ONE Sotheby's, who can be reached at (786) 301-2220 and/or kelmir@onesothebysrealty.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.

PMG and YUPIX Expand Partnership To Launch New Projects In Meta-Reality

YUPIX, an immersive technology platform that is revolutionizing the real estate industry, has expanded their partnership with nationwide developer Property Markets Group (PMG) following unparalleled sales in their first project together, E11EVEN Hotel & Residences, co-developed by E11EVEN Partners. This second phase in the ongoing partnership puts four exclusive new residential towers across Miami in front of high-net-worth buyers through multisensory meta-reality tours before construction begins.

Data from YUPIX’s meta-reality tours with PMG have shown a high sales conversion rate above 90% in multi-million dollar residences. A testament to the technology’s power to influence decision making, over $700 million were generated in direct sales over a 5-month period as a result of the YUPIX tours for E11EVEN Residences.

“Our partnership with YUPIX has been extremely successful and we are excited to expand it to our other projects,” said Ryan Shear, Managing Partner of PMG. “YUPIX’s immersive experience is one of the many reasons why E11EVEN Residences Beyond has been so well received. Virtual Reality and meta technology are tools that help us as developers work more efficiently and help buyers make more informed decisions.”

YUPIX’s cutting-edge technology will be on display in each building’s sales gallery and pop-up activations, allowing prospective buyers to interact with meta-reality simulations of a tower’s opulent amenities, panoramic views, and high-design residences. Using high-definition headsets and an acute attention to detail, the tours allow participants to gain a deeper perception of each development - like walking through various unit layouts and visualizing customized finishes. With Miami a booming market for international buyers, YUPIX showcases projects to a global audience by offering tours in cities around the world - from Dubai and New York to Mexico City and Nassau.

“Our technology’s hyper-realistic content offers users the opportunity to experience a product from anywhere in the world before construction even begins,” said Patricio Navarro, CEO of YUPIX. “It disrupts the industry’s traditional sales process; allowing developers to sell the most expensive units and penthouses before breaking ground, which is historically unheard of.”

The YUPIX Arena is located at 2811 NW 5 Ave., Miami, FL 33127, and offers tours by appointment only.

Okan Tower Anchored By Hilton Hotel Breaks Ground In Downtown Miami

Okan Tower, the new Downtown Miami megaplex, with residences anchored by a Hilton Hotel, broke ground on Friday, June 17 with all the fanfare of a major international milestone, attended by a who’s who of the business, political, civic, hospitality and real estate brokerage community. Okan Tower represents the largest Turkish investment in the United States with a design inspired by the country’s native flower, the tulip.

Notable dignitaries in attendance included City of Miami Mayor Francis Suarez, Binali Yildrim, Former Prime Minister of Turkey, Murat Mercan, Turkish Ambassador to the United States, Turkish Consulate of Miami Feyza Barutcu Altug, Burc Ceylan, Former Turkish Consulate of Miami, Miami Police Chief Manuel Morales, Commissioner Ken Russell, and Fortune International CEO, Edgardo Defortuna.

Okan Tower is located at 555 North Miami Avenue and marks the first U.S. development for Okan Group who oversees an extensive portfolio of renowned mixed-use projects that has earned the firm a global reputation in the construction, banking, textile, production and tourism industries, among others.

The 70-story Okan Tower is set to be one of Miami’s tallest towers at 902 feet once complete in 2026. The tower features 163 Sky Residences with exclusive owners-only amenities, a 316-key Hilton Miami Bayfront Hotel with a full suite of amenities and entertainment areas, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space.

“We are enormously proud to celebrate this momentous achievement and commemorate the start of construction for Okan Tower,” said international property magnate and developer of Okan Tower, Bekir Okan, Chairman of Okan Group. “It’s an honor and privilege to be delivering our first major mixed-use project in Miami. Our vision for Okan Tower was to bring something truly unparalleled to the area and introduce a new paradigm for living in Downtown. We’re very grateful to all of the city officials who have supported the project and share in our vision for the future of Downtown Miami.”

Okan Tower is exclusively marketed and sold by Fortune Development Sales. Okan Tower was designed by internationally renowned architecture firm Behar Font & Partners who’ve given it a striking curvature façade inspired by the Turkish national flower, the tulip.

Amenities include a ground floor arrival entrance with dedicated 24-hour reception and concierge, a 70th floor rooftop pool and sky deck with private cabanas featuring sweeping views of downtown and Biscayne Bay, and an additional 12th floor lap pool with clubroom and indoor and outdoor lounges. Buyers will also have access to a state-of-the-art health and fitness center with a yoga studio, Peloton® bikes and interactive fitness MIRROR®, as well as a dedicated wellness spa with sauna, steam and treatment rooms. A fully-equipped children’s sensory and play room, cutting-edge technology theater, and wine cellar and owner’s lounge are some of the other extraordinary features available that add to the range of the lifestyle amenities.

“We’re thrilled to mark the official groundbreaking of Okan Tower and celebrate the tremendous momentum that has been generated since we took over sales last fall. The feedback from buyers worldwide has been phenomenal, and it is a testament to Okan Group, who envisioned a true beacon for Downtown Miami,” said Edgardo Defortuna, President and CEO of Fortune International Group. “From the endless array of amenities to superior finishes and designs, Okan Tower presents an opportunity for investment that simply cannot be missed.”

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

Related Companies and Swire Properties Reveal One Brickell City Centre Supertall Office Tower

Related Companies and Swire Properties have revealed plans for One Brickell City Centre, a new supertall office tower which will be adjoined to Brickell City Centre. Construction is expected to start in 2023 and the tower will be the tallest commercial tower in Florida upon completion. One Brickell City Centre is designed by Arquitectonica and will offer 1.6 million SF of office space as well as the largest floor plates for a Class A office tower in Miami.

The tower will be located at 700 Brickell Avenue and 799 Brickell Plaza and will be connected to Brickell City Centre, which features over 500,000 SF of shopping, dining and entertainment and was developed by Swire Properties. The announcement signifies strength and growth in the Miami office market as the city continues to attract top technology and finance companies from high-tax states such as California and New York.

Other supertalls coming to Miami include Waldorf Astoria Hotel & Residences Miami which was recently issued the first vertical construction permit for a supertall in Florida. The tower is nearly sold-out and is being developed by PMG and Grey brook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT). Another is MAJOR, a Major Food Group-branded luxury condo tower at 888 Brickell Avenue being developed by JDS Development and Major Food Group and Related Companies has also been quite active in the Palm Beach office market.

The Alexander Team Launches Ultra-Luxe Real Estate Advisory, Official, Backed By Side

The nation’s leading ultra-luxury real estate group The Alexander Team, led by Oren and Tal Alexander, has left Douglas Elliman to launch their own firm, Official. Official is the first real estate advisory firm to specialize in the ultra-luxury segment of the market and is backed by the San Francisco-based real estate firm Side, which partners with top-producing agents and teams who own their own brands. The Alexander team will also expand to the West Coast.

The Alexander Team was ranked by Douglas Elliman as the leading team by gross commission income and sales volume in both Florida and New York in 2021 with $1.8 billion in sales, accounting for 3.5% of the brokerages $51.2 billion in total sales volume. They were also ranked the #1 Team in the USA by Wall Street Journal in 2020, 2021 and 2022.

Side is a real estate brokerage founded in 2017 by Guy Gal to partner with leading real estate agents. The agents own 100% of their own brand and business and Side powers the back-end and acts as the broker. Side typically takes 10% of commissions and Side keeps the brand if the partners leave within the first two years of the partnership. Side expanded to Florida in 2019 and reached a $2.5 billion valuation in 2021. Side is backed by Tiger Global Management, ICONIQ Capital and Trinity Ventures.

New-To-Market Insurance Firm A-CAP Inks Lease at OKO Group's Class A-Plus Office Tower 830 Brickell

As financial, professional services, technology and other major corporate firms look to establish their presence in South Florida, A-CAP, a premier insurance and financial services company with over $6 billion in assets under management, will become the latest company to debut its new office at 830 Brickell in Miami’s Brickell Financial District. The 55-story, 640,000 square foot class A-plus office tower, which is currently under construction, is being developed in partnership by OKO Group and Cain International. Headquartered in New York with offices around the country, A-CAP signed a full floor, 20,000 square-foot lease for the building’s 35th floor.

A-CAP has become the latest financial services firm to lease space at 830 Brickell, joining private equity firm Thoma Bravo, CI Financial, aviation finance firm AerCap, and Marsh Insurance. 830 Brickell is already more than 60% leased ahead of its late-2022 completion and has attracted additional top-tier office users, including Microsoft, WeWork, and others. The tower’s leasing team is actively negotiating terms and entertaining interest from prospective tenants whose space requirements exceed the balance of the building’s remaining inventory.

“A-CAP’s decision to open a Miami office at 830 Brickell reaffirms the tower’s position as the premier location for financial firms and talent in the South Florida market,” said Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International. “830 Brickell’s growing roster of innovative tenants has shaped Brickell into one of the most desirable office submarkets in the United States and will serve as a magnet for other finance, investment, tech, and professional services firms looking to make the move here.”

“A-CAP is excited to open its new office at 830 Brickell. The building is an A-plus facility and is located at the heart of Miami’s Financial District. We look forward to calling 830 Brickell A-CAP's new home,” said Kenneth King, Chairman and CEO of A-CAP.

830 Brickell’s ownership was represented by Cushman & Wakefield’s Brian Gale, Ryan Holtzman and Andrew Trench. A-CAP was represented by Jennifer Goldstein of Douglas Elliman Real Estate.

“The new-to-market leasing activity we’re seeing for Brickell/Downtown Miami’s Class A market represents how a growing number of companies around the world are looking to establish or expand their footprint in South Florida, with 830 Brickell as the trophy address of choice. What's interesting about A-CAP's deal is that the firm expanded to a full floor after realizing more folks wanted to move to Miami, which we believe we’ll continue to see as Miami grows as a global gateway city. When you factor in tax savings, the quality of life benefits, and diversity of our talent pool, it’s no surprise why people and companies are relocating here,” said Ryan Holtzman of Cushman & Wakefield.

830 Brickell was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati.

The tower’s amenities will include a rooftop bar/lounge and restaurant – with menus developed alongside a three-Michelin-starred chef – showcasing expansive views of the City and Biscayne Bay, a world-class health and wellness center, conferencing facilities, an outdoor terrace, cafeìs and street-level retail. Multiple transit options are nearby, including Metrorail and Metromover, the Brightline, walking paths, cycling lanes and bay access points. Additionally, some of Miami’s top residential and lifestyle-driven neighborhoods are situated just minutes away, such as Miami’s Design District, Wynwood, Edgewater and Miami Beach.

The Penthouse at Regalia Is Now Available In Crypto, Becomes First Miami Property Listed on RealOpen

Pordes Residential has announced that The Penthouse at Regalia is now featured on RealOpen, the platform founded by ‘Selling Sunset’ star Christine Quinn and her tech entrepreneur husband, Christian Dumontet. Following multi-million-dollar listings in New York City and Los Angeles, this $33.9 million ultra-luxury penthouse is the first South Florida property to be featured on the platform and offered directly to the crypto community.

RealOpen offers a real estate express lane for crypto asset holders, merging the traditional real estate process with the digital future of global finance. Using secure, proprietary software, it allows anyone, anywhere to purchase or sell any home via crypto—with the seller receiving cash at closing. RealOpen’s concierge service enables buyers to retain crypto holdings up until the day of closing. For home sellers and listing agents RealOpen expands the potential buyer pool through exposure to the crypto community.

“We knew immediately,” said Christine Quinn, CMO and Founder of RealOpen. “Our platform bridges the gap between luxury real estate and Miami’s deep crypto community. The Penthouse at Regalia is the perfect introduction of RealOpen to Miami.”

Listed by Mark Pordes and Adam Kaufman of Pordes Residential, the 43rd-floor penthouse is three levels including a private rooftop pool deck. It’s the largest condo on the Miami market, boasting 10,755 square feet of indoor living plus 6,050 square feet of 360-degree, wraparound terrace. In addition to six bedrooms and six bathrooms, the layout includes a glass wine cellar, lounge theater, bar and billiards room, and a $1M master bathroom with private spa, steam room, sauna, and massage area. Located on Miami’s Sunny Isles Beach and with no hi-rise neighbors, the residence offers 360-degrees of truly uninterrupted views of the Atlantic Ocean, Golden Beach, Intracoastal Waterway and the skylines of Miami and Miami Beach.

“Bringing the Penthouse at Regalia to RealOpen and joining the cryptocurrency movement further solidifies that this residence is a unique and high-caliber offering,” said Adam Kaufman, Principal of Pordes Residential. “We are thrilled to be pioneers in this space and look forward to a lasting relationship with this innovative platform and team.”

“We act as active real estate investors in the properties we represent and have earned a reputation as specialists in brokering and acquiring bulk luxury condominium assets,” said Mark Pordes, CEO of Pordes Residential. “We know the penthouse at Regalia is in a league of its own and that is why we led the investment team that purchased it at auction in 2021.”

The collaboration between RealOpen and Pordes was orchestrated by the RealOpen Miami Team: crypto-specialist Realtors Karley Chynces, Bozana Cavar, and Kiki Rutten of ONE Sotheby’s International Realty.

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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