Dubai-Based DAMAC Properties Closes On $120 Million Surfside Site Of Collapsed Condo, To Build Cavalli-Branded Condo

The Dubai-based DAMAC Properties, who was revealed as the she stalking horse bidder for the site of the former Champlain Towers South in Surfside, Florida which tragically collapsed in June 2021, has closed on the site for $120 million. DAMAC Properties, led by billionaire developer Hussain Sajwani, is planning to develop a Cavalli branded condo project on the site.

The developer agreed to a $120 million bid for the oceanfront property located at 8777 Collins Ave. via one of their US entities, East Oceanside Development, LLC. in September 2021. Court-appointed trustee Michael Goldberg issued the deed for the site at 8777 Collins Avenue which spans ±1.88 acres or ±81,886 square feet. The proceeds from the sale will go toward the $96 million settlement for the Champlain Towers South unit owners who lost their home in the tragic collapse.

The Cavallli Surfside condo will be DAMAC Properties’ first project in the United States. Sajwani’s private equity firm Vision Investments purchased the Cavalli luxury fashion brand in 2019. DAMAC Properties launched a 70-story Cavalli Tower in Dubai in 2021.

Honorable Judge Michael A. Hanzman and the court appointed receiver Michael Goldberg tabbed Avison Young, led by Michael T. Fay, to market the property in late-August 2021. Avison Young’s Michael T. Fay and his team John K. Crotty, David Duckworth, Brian C. de la Fé, and Berkley K. Bloodworth oversaw the sale, pro bono.

KAORI Miami Launches Miami's Newest Aegean Brunch In Brickell

KAORI Miami has launched Miami’s newest Aegean Brunch, introducing a slate of new menu items and cocktails to be offered exclusively on Sundays from 11:30AM - 4:30PM. With many options in Miami’s hot Brickell neighborhood to choose from, KAORI’s Aegean Brunch is destined to be one of the hottest Sunday Brunches in the city. Combining the light yet robust flavors of the Mediterranean's Aegean Sea, Chef Raymond Li is bringing a new meaning of Brunch to the heart of Brickell. KAORI’s new Brunch includes a total of sixteen new menu items, adding a unique twist on KAORI’s beloved and eclectic Mediterranean-Asian-inspired culinary offerings.

Located at 871 South Miami Ave. South Miami, FL 33130, KAORI is Miami’s newest Mediterranean-Asian-inspired culinary concept, nestled in the very heart of downtown Brickell. Located at the ground level of SLS LUX Brickell, the all-expansive dining destination brings two levels of unparalleled indulgence and entertainment to the neighborhood. Helmed at the culinary hands of renowned Chef Raymond Li, KAORI’s menu exudes an eclectic and sophisticated fusion of flavors that offers a beautiful balance between the two worlds of Mediterranean and Asian cuisine. From the delicately warm-toned interior to the exceptional food and beverage programming, to the synergetic entertainment component, every harmonic extension of KAORI naturally blends to create the signature ‘KAORI’ guest experience.

Food

The new Brunch menu offers KAORI’s fusion of Mediterranean & Asian cuisines with dishes such as a Shakshuka made with duck egg, herb salad, and crispy rice; Skull Island Prawns with Szechuan shchug and pickled cucumbers; Royal Miyagi Oysters made with dill-pea flower mignonette and turmeric oil; a Challah French Toast made with dill maple syrup, cinnamon & clove powdered sugar, whipped koji butter, and seasonal fruit; Huevos Estrellados made with a 63-degree egg, chorizo Iberico, Calabrian chili, and Pommes; and more!

Cocktails

KAORI’s Bar Manager, Diego De Leon has introduced a roster of new cocktails which will roll out exclusively for Sunday Brunch! Cocktails include a specialty Espresso Martini made with Tito’s vodka, Mr. Black Coffee Liqueur, biscotti, and espresso; the Pushin’ Paloma made with 818 Tequila Blanco, Pamplemousse, carpano botanic bitter, lime, grapefruit soda, and salt; and Michelada #1 made with Sapporo Premium Lager, Culture to Culture Sangrita, lime, and salt. Additional beverage offerings include Zonin Prosecco with Mimosa, Bellini, or Chismosa boosters; $35 for 4 Estrella Damm - Mediterranean Lagers; and Amass Faerie Fizz and Sun Sign Botanic Hard Seltzers.

Shoma Group Delivers Mixed-Use Multifamily Shoma Village In Hialeah

Miami-based developer Shoma Group has completed its two-tower, 304-unit multifamily rental community in Hialeah, Shoma Village. They will begin welcoming residents to their brand new apartments on August 1. Leased by KW Property Management & Consulting and managed by Shoma MGMT, the development is 65% rented and expected to be fully leased by the end of summer. Amid South Florida's red-hot real estate market, Shoma Village is the latest example of a growing trend of new apartment buildings that have opened with over half of its units rented.

The project’s success is a testament to Shoma’s shrewdness as a developer who identifies and builds in promising areas often bringing a new type of product to the neighborhood. Shoma Village is leading a wave of new development and investment trickling into Hialeah, known as the City of Progress, aiming to spur economic growth and cater to a younger demographic of professionals who are Hialeah natives. The project was one of the first new Class A mixed-use housing and retail developments to break ground in the community in recent years. In addition to apartments, it will deliver an upscale Shoma Bazaar food hall, hair salon and store.

“Hialeah has always been a desirable location full of possibilities. That was true when we built Shoma Homes at Country Club of Miami here 20 years ago, and it’s still true today,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “The overwhelming response we've seen, with the first tower becoming fully leased before future tenants could even tour the finished product, shows the unprecedented demand for brand new, Class A housing in this area with a large list of amenities, a private parking garage, and a Shoma Bazaar with retail space on site. People are ready for a new standard of living in Hialeah.”

Shoma Village offers elevated, thoughtfully designed common and living spaces by architecture and design firm MSA Architects. Floorplans at Shoma Village range from studios measuring about 640 square feet to three-bedroom units totaling about 1,370 square feet. The units offer a bright and lively atmosphere, boasting chic barn doors, spacious walk-in and linen closets, and an inviting wood-style flooring throughout each apartment. They also include private balconies, energy efficient hurricane-impact windows, Honeywell PRO programmable thermostats, and Whirlpool front-load washers. Kitchens and bathrooms feature quartz and Marble-Lite countertops, designer vanities, a rain showerhead, and an oversized soaking bathtub. Tech-savvy security upgrades include fingerprint readers, keyless entry, and ButterflyMX video intercoms that allow residents to easily and securely let in visitors from their smartphones.

Residents have access to a wide array of amenities for their entertainment and leisure. These include a fully equipped fitness center with yoga, spinning, and an interactive mirror, a private conference room, and a two-story clubroom with extra large LED TVs, kitchens, and a pool table. Outdoor amenities include a large pool with a gazebo and courtyard, a playground, a grilling area, and a dog park. As with other Shoma developments, pet owners will have the additional benefit of an on-site Evolution Pet Spa.

The apartments will be anchored by a 22,000-square-foot Shoma Bazaar food hall and 12,000 square feet of on-site retail shops. In addition, a night concierge, covered and gated parking garage, and electric car station will provide extra safety and convenience for residents as they come and go from the property.

“We could not be happier with the amazing reception that Shoma Village has seen and we look forward to continuing that momentum as we lease the second tower,” said Stephanie Shojaee, President of Shoma Group. “We have put our heart and soul into carefully selecting every color, finish, and feature to make Shoma Village an exemplary and enjoyable live-work-play community for Hialeah. I am very excited to introduce it to the community and welcome people into their new, luxurious homes.”

Upon moving in, residents will receive housewarming gifts from Kris Jenner's home care line, Safely, including complimentary plant-based cleaning products, and from Shoma, including a glass water bottle, coffee mug, hand sanitizer, duffle bag, and Lemon Perfect flavored water.

Shoma Village is located at 445 Hialeah Dr., Hialeah, FL 33010.

Images via Shoma Group

Step Inside A Sky-High Ultra-Luxe Penthouse At PARAMOUNT Miami Worldcenter For Rent Asking $40K Per Month

A one-of-a-kind sky-high duplex penthouse in Downtown Miami’s PARAMOUNT Miami WorldCenter has hit the market asking $40,000 per month. The show stopping unit features a brand new buildout which is nearly complete and encompasses 3,995 SF spread over 4 bedrooms and 5.5 bathrooms. Penthouse 4611 offers residents picturesque sunrise and sunset views overlooking all of Brickell and Downtown Miami from nearly every room. Downstairs features direct elevator entry into a private foyer, movie theater, double height ceilings in the living room, gourmet kitchen and staff quarters with private entrance. Upstairs the master-bedroom offers direct bay views with a dropdown TV and a luxurious master-bath with built-in deep soaking tub and marble shower.The residence has never been lived in and is fully furnished with brand new top of the line furniture from select local retailers and all TV's are curved and frame televisions.

Residents will not only enjoy a never before lived in unit but also the lavish amenities at PARAMOUNT Miami WorldCenter. The tower has made international headlines with its Upper Deck which is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami which features an extraordinary array of action-packed luxury amenities. PARAMOUNT Miami Worldcenter is the most amenitized building in the country, with access to 46 different amenities such as 5 pools, spa, outdoor lounge, summer kitchen, game room, state of the art fitness center, boxing studio, basketball court, racquetball, yoga, observatory, jam room and recording studio and much more.

PARAMOUNT Miami Worldcenter PH4611, 851 NE 1st Ave., Miami, FL is currently listed for lease for $40,000 per month by Scott Lawrence Porter of ALTARA Properties.

Images via ALTARA Properties, Scott Lawrence Porter & Juliano Photo

Macken Companies Secures $16.5 Million Construction Loan For Koya Bay Luxury Waterfront Townhome Community In Eastern Shores, North Miami Beach

Macken Companies has secured a $16.5 million construction loan from LV Lending for Koya Bay, a luxury waterfront townhome community directly on the Intracoastal Waterway within the exclusive neighborhood of Eastern Shores at 4098 NE 167 St. in North Miami Beach. Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending arranged the loan on behalf of the developer, Alan Macken, principal of Macken Companies. The closing took place on July 28th. Macken Companies affiliate VCM Builders is the general contractor and Macken Realty is the exclusive sales agent. The project broke ground in February 2022 and is on schedule for delivery Q1 2023.

“LV Lending has been a terrific financial partner to us,” stated Alan S. Macken, principal, Macken Companies. “We appreciate their enthusiasm and confidence in our execution to ensure its success. We look forward to delivering this beautiful community to our buyers and the City of North Miami Beach.”

Koya Bay features 10 four-story residences, each with a private elevator, expansive rooftop terrace and two-car garage with optional car lift. The gated community offers three, four and five-bedroom floorplans ranging in size from 4,327-5,288 square feet. Boat slips are outfitted with water and electricity.

Koya Bay’s prime cul-de-sac location is buffered by water on three sides, providing direct and unobstructed views of the Intracoastal Waterway. The development is a boater’s paradise with no fixed bridges situated just minutes away from the Haulover cut, sandbar and ocean.

Macken Companies once again teamed up with the esteemed Randall Stofft Architects and Witkin Hults + Partners to design tropical modern townhomes that blend natural materials and earth tones with open floor plans designed to invite the waterfront into each level. Residences feature elevated ceilings, Wolf appliances, custom wood cabinetry and smart home technology. Private rooftop terraces combine both enclosed air-conditioned space with open area and are equipped with a jacuzzi and summer kitchen.

The affluent and family-friendly Eastern Shores neighborhood is a guard-gated community with 24/7 police-manned security, its own park and playground. Residents will enjoy an abundance of conveniences and amenities, including being steps from the pristine Sunny Isles Beach and having the beautiful Oleta River State Park, a 1,043-acre Florida State Park on Biscayne Bay just across the street, with mountain bike trails, running paths, kayaking and fishing.

Eastern Shores is accessed via the 163rd Street Causeway, which connects to US-1 and A1A. The City of North Miami Beach is centrally located 12 miles north of Miami and less than 20 miles south of Fort Lauderdale. Koya Bay is just minutes away by car or boat from the beach, Haulover Marina which provides ocean access, and two of Florida’s premier shopping destinations, the Aventura Mall and legendary Bal Harbour Shops.

PROFILE EXCLUSIVE: NEW RENDERINGS OF NEXO RESIDENCES IN NORTH MIAMI BEACH

Fortune International Group in partnership with Blue Road announced the sales launch for Nexo Residences in April and today have released new renderings and design details, exclusively on PROFILEmiami.

The property, featuring 254 residences, is one of the first condo projects with short-term rental capability in the rapidly growing city of North Miami Beach, adding to the area’s economic growth currently underway. Located at 13899 Biscayne Boulevard, it presents move-in-ready residences with full home-sharing capabilities without restrictions, coupled with resort-style amenities. Priced from the $400,000s, studios to four-bedroom townhomes range from about 525 to 2,190 interior square feet.

“We underwent an extensive design process, which included traveling to Italy to visit Il Salone Di Mobile which is the most important design fair to incorporate the most cutting-edge elements throughout the property. Both within the residences and shared amenity spaces, it is important that we deliver a project that speaks to both the buyer and user,” said Ana Christina DeFortuna, Executive Vice President of Fortune International Group. “In studying the audience for Nexo Residences, combined with its prime North Miami Beach location, it was necessary to consider a tech-forward destination that incorporates sustainability with contemporary materials, while making social gathering spaces the highlight of the property.”

The project is designed by Frankel Benayoun Architects Inc, with consultation from internationally-renowned architect Carlos Ott. Its common areas, residence interiors, and landscaping are curated by Urban Robot, the local, full-service design collective behind some of the city’s leading hotels and retail concepts, including W Hotel South Beach, the Gucci Flagship in Miami’s Design District, and Oasis Wynwood. The amenity program was purposefully designed to activate spaces that inspire connectivity within the community.

A rooftop observatory deck will be perfect for scenic experiences, enjoying the expansive open vistas of the neighborhood treetops and water views. The space will be regularly activated as a central area for socializing, complete with a fire pit, dining and cooking area and a refuge for stargazing.

The architectural centerpiece for Nexo Residences is the two-story tech hub with a café, coworking spaces, and a business center. It was designed as a grand focal point when you approach the property from the main thoroughfare of Biscayne Boulevard. The multi-story space will span more than 2,600 square feet and feature large floor-to-ceiling windows that will welcome natural light throughout.

Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a two-story arrival lobby and lounge, which will be an impressive visual experience upon entry to the building. The property’s contemporary design extends onto an outdoor children’s playground. Catering to the modern family, it is a kid’s haven of fitness and activity surrounded by striking architecture and lush greenery. Health enthusiasts can relish the indoor/outdoor fitness center with a yoga studio and virtual trainer and a luxury pool deck complete with resort-inspired pool and two spa pools with loungers.

Radio Mogul Tom Joyner Sells Golden Beach Oceanfront Home For $19 Million

Retired radio legend Tom Joyner has sold his incredible beachfront villa located in the ultra-exclusive town of Golden Beach. The home, which is located on a four-block stretch at 469 Ocean Blvd. and was featured as an Architectural Digest cover story, sold for $19 million. Dina Goldentayer with Douglas Elliman represented both sides of the transaction.

The tri-level villa offers 3 bedrooms and 4 bathrooms spread over 7,340 SF. The home underwent a $7.5 million renovation in 2020 from designer Deborah Wecselman of Wecselman Design, architect Wesley Kean of KoDA, contractor Larqcon Group, and landscape architecture firm Enea. The home features ocean views from nearly ever room and a foyer transformed into an art gallery with pieces from Picasso, Robert Pruitt, Allora & Calzadilla, and Ernie Barnes; finished with a custom Bocci pendant light hanging from the ceiling over the architectural staircase.

The master bedroom occupies the entire third floor featuring stunning bathroom with a glass encased RiFRA tub in the center of the room plus a large open dark wood closet.

Outdoors features a seaside swimming pool with spacious verandas, summer kitchen, beachside louvered cabana and direct access to a private beach.

Golden Beach is the only private community with homes on the sand in South Florida. The ultra-exclusive gated community has its own police force, private beach with pavilion and beachside service, tennis courts, basketball court, multiple parks and kids playground.

Images via Mike Ruiz with Become Legendary

New Middle Eastern Restaurant Mazeh Opens in Downtown Miami

NYC-based hospitality powerhouse group, GPG Hospitality, has introduced a brand-new Modern Middle Eastern concept to the Miami dining scene with Mazeh, which officially opened its doors to the public July 15th. Located at the sleek and modern YOTEL Miami hotel, Mazeh’s relaxed yet refined ambiance and unparalleled culinary approach will extend a unique modern flair to traditional Middle Eastern cuisine and introduce Middle Eastern tapas to the world. 

Mazeh radiates with the warmth of Middle Eastern hospitality, as Miami’s newest culinary gem.  The service style at Mazeh breaks the mold of a traditional dining experience and invites guests to pace the meal as they wish, ordering small dishes throughout the night, while enjoying an evening out.  The menu at Mazeh draws from the diverse and flavorful cuisine of the Middle East. Its offerings provide guests with an authentic taste of the region, while highlighting the fresh local fare of Miami. The flavors of the Middle East are applied to these tapas in a way which respects and allows the main ingredient to shine.  

Signature dishes include Arayes, ground lamb or fish grilled inside fresh pita and topped with amba; Falafel Cigars wrapped in brick pastry and served with tahini; Skewers: grilled octopus with labneh and za’atar; grilled steak in a smoked tomato sauce and bone marrow olive vinaigrette; grilled cabbage with green tahini and herb gremolata; and of course Mazeh’s specialty Tiffin Box which holds an assortment of seasonal Middle Eastern dips and spreads served with fresh pita. 

Drinks at Mazeh are crafted to further enhance the experience and elevate the flavors of the tapas. Cocktails include the You Oughta Know, a mix of vodka, Lillet Rouge, grapefruit, dill and honey; Doo Wop, made with silver rum, kaffir lime, passion fruit, lemongrass and lavender; and the Hypnotize, a vodka-based drink mixed with bergamot, smoked pineapple and grapefruit.

In the morning, Mazeh offers a selection of breakfast boards. The boards include the Greek Breakfast which includes eggs, Greek salad, tzatziki, feta and Kalamata olives; a traditional English Breakfast which includes eggs, baked beans, turkey bacon and sausage, tomato and hash browns; a Continental Breakfast, featuring a selection of bread and viennoiserie; and the Middle Eastern Breakfast with eggs, Israeli salad, labneh, avocado and tahini.

Along with the opening of Mazeh, the team has announced the opening of Float, an elevated outdoor lounge which will be poolside on YOTEL Miami’s 12th floor deck, later this year. 

Electric Feel Entertainment Founder And CEO Austin Rosen Buys 6417 Pine Tree Drive Circle

Electric Feel Entertainment Founder Austin Rosen has purchased 6417 Pine Tree Drive Circle for $12.5 million after acquiring the neighboring 6401 Pine Tree Drive Circle also for $12.5 million last year. With the acquisition Rosen now has 185’ on the water and 37,135 SF of land. 6417 Pine Tree Drive Circle, Miami Beach, is a 6 bedroom, 7 bathroom house spanning 4,855 SF. The Mediterranean waterfront home was designed in 1935 by Russell Pancoast. Both sides of the transaction, which closed on July 25, 2022, were brokered by Jordan Karp of Jordan Karp LLC.

Rosen also purchased a commercial building at 235 NE 29th St. near Midtown for $5.6 million in 2021.

Electric Feel Entertainment is a music management, publishing studio and label with over 215+ billion streams. The company was founded by Rosen who is manager of Post Malone, Iann Dior, 24KGoldn, and more. He also founded EF Ventures which helps connect talent and founders of emerging brands in a variety of industries including food and beverage, tech, fashion and Web3.

WeWork Bought Out Of 146,000 SF Lease At 830 Brickell By OKO Group And Cain International

WeWork has been bought out of their lease to occupy 146,000 square feet covering 10-floors at 830 Brickell by developers OKO Group and Cain International. WeWork was one of the first to sign a major lease at the Class A office tower in 2019 which was set to become their largest location Florida. Rents at 830 Brickell are now in excess of $125 PSF representing a 42% rise year-over-year. Construction on the tower is nearing completion.

Despite the WeWork opt-out 830 Brickell has signed leases with other top-tier office users at 830 Brickell, including Microsoft, international law firm Sidley Austin LLP, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap, and others.

The news comes as the Miami office market continues to boast one of the lowest vacancy rates with absorption faring better than other competing markets across the U.S, according to the Miami Downtown Development Authority’s 2021 Office Market Report. In fact, Downtown Miami was the only major urban office market in the country to achieve net-positive absorption in 2021.

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 and 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.