$15.5 Million Waterfront Spec Home Sale Sets Record On Normandy Isle

A waterfront spec home on Normandy Isles has sold for $15.5 million, setting a record for the priciest home sale ever in Normandy Isle. Located at 2608 Biarritz Dr, Miami Beach, the seller was represented by Nelson Gonzalez with BHHS EWM Realty, while the undisclosed buyer was represented by Andre Duek, Carolina Lara & Camila Paiva with ONE Sotheby's International Realty.

A waterfront spec home on Normandy Isles has sold for $15.5 million, setting a record for the priciest home sale ever in Normandy Isle. Located at 2608 Biarritz Dr, Miami Beach, the seller was represented by Nelson Gonzalez with BHHS EWM Realty, while the undisclosed buyer was represented by Andre Duek, Carolina Lara & Camila Paiva with ONE Sotheby's International Realty.

The new modern waterfront with a western exposure and views of Biscayne Bay sits on a 12,052 SF bayfront lot across Normandy Shores Golf Club. The home features 6 beds and 6.5 baths as well as soaring ceilings, gourmet kitchen, media room, elevator, ELAN smart control system, floating glass staircase, and a waterfront master suite with a private terrace, walk-in closet, and luxe bath. The Backyard is equipped with a covered patio for dining and lounging, pool, and a pier dock with a boat lift with 73’ of water frontage.

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Slab Poured At Kings Logistics Center 664,176 SF Class A Industrial Project Servicing Lakeland To Miami

USAA Real Estate and Seefried Industrial Properties have completed site work and started to pour the slab and walls at Kings Logistics Center, one of the largest speculative industrial developments with available space in the South Florida market. The 664,176-square-foot Class A industrial park is located just off Interstate 95 at Orange Avenue/SR-68 in Fort Pierce, Florida.

USAA Real Estate and Seefried Industrial Properties have completed site work and started to pour the slab and walls at Kings Logistics Center, one of the largest speculative industrial developments with available space in the South Florida market. The 664,176-square-foot Class A industrial park is located just off Interstate 95 at Orange Avenue/SR-68 in Fort Pierce, Florida.

Kings Logistics Center will be one of only a few industrial distribution centers located along I-95 between Daytona and Jacksonville. The property is expected to be completed in February 2023.

Colliers’ Lee Morris from Orlando and the Falk-Weprin Team from West Palm Beach will handle leasing on the project. The space features a 40-foot clear height, 248 trailer spots, 676 parking spots, excellent circulation with truck queuing lanes and a flexible site plan that can serve a single user or be divided for multiple tenants.

“Large industrial users looking to serve South Florida with freight coming from the ports of Jacksonville, Savannah, Charleston or down I-95 from the Northeast previously had few options. Kings Logistics Center offers a strong workforce, lower overall occupancy costs than comparable facilities in the tri-county market, and easy access to South Florida, making it a great fit for companies looking for a large-scale e-commerce, distribution or manufacturing facility. Also, because of limited options in southwest Florida, it is an option for firms impacted or expanding as a result of the recent impacts from Hurricane Ian. ” Said Lee Morris, SIOR, Executive Managing Director, Colliers.

The property is equidistant from Lakeland and Miami and offers easy access to South Florida via I-95 and the Florida Turnpike. Over 20 million customers – or 93% of Florida’s population - are accessible within a four-hour drive of Kings Logistics Center.

“This area of the South Florida industrial market has seen tremendous growth recently, adding key logistics facilities for two Amazon facilities, as well as FedEx and Chaney Brothers, which have joined existing operations for Walmart, CVS, Pepsi, Cold Air Distributors and Tropicana,” Morris said.

“The reasonable cost of land in Fort Pierce compared to Dade, Broward and Palm Beach counties, along with the availability of affordable housing and an abundant labor force, make the area a target for logistic expansions in South Florida.” Said Michael Falk, SIOR Executive Managing Director, Colliers Falk-Weprin Team, West Palm Beach, FL

USAA Real Estate and Seefried Industrial Properties are also installing the roof and slated to complete a 984,960-square-foot Building #100 of I-4 Logistics Park in Deltona/Orlando with an expected completion date of January 2023 for phase one. Construction of the remaining buildings in the park, including a 500,000-square-foot building and several rear-load buildings, will soon follow.

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Alchemy-ABR Investment Partners Close On Wynwood Development Site For $18 Million

Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.

Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot from The Salvation Army, which is located across the street from The Salvation Army Family Store and Donation Center’s Wynwood location.

The mixed-use site will be developed into a 12-story luxury residential building with 186 units, multiple retail spaces, and a parking garage. Local architects Arquitectonica and MKDA have been commissioned to design the building with construction commencing in 2024.

“We are thrilled to announce that 18 NW 23rd Street will be our first residential development in Miami, Florida. Alchemy-ABR has a strong presence in the commercial real estate market in South Florida and we are looking forward to bringing our years of real estate expertise to the residential market, which is currently facing great demand. We are looking to design and build a best-in-class mixed use project that will add to the fabric of one of the most dynamic walkable neighborhoods in the Southeast,” said Joel Breitkopf, Co-Founder & Partner of Alchemy-ABR Investment Partners and Brian Ray, Co-Founder & Managing Partner of Alchemy-ABR Investment Partners in a joint statement.

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Renowned French Artist Richard Orlinski's Iconic Sculptures Take Over Lincoln Road In Time For Miami Art Week

Miami Beach’s Lincoln Road District, one of the country’s most beloved destinations for al fresco shopping, dining, and entertainment, has supercharged its arts and culture experience by showcasing 12 giant, electrifying sculptures by renowned French artist Richard Orlinski. The open-air activation coming to Lincoln Road this winter will feature iconic pieces from Orlinski’s recent Avenue des Champs Elysée exhibition in Paris.

Miami Beach’s Lincoln Road District, one of the country’s most beloved destinations for al fresco shopping, dining, and entertainment, has supercharged its arts and culture experience by showcasing 12 giant, electrifying sculptures by renowned French artist Richard Orlinski. The open-air activation coming to Lincoln Road this winter will feature iconic pieces from Orlinski’s recent Avenue des Champs Elysée exhibition in Paris. Timed with the premier art show of the Americas, Art Basel Miami Beach, the exhibit will run from November 2022 to March 2023.

Driven by the desire to make art accessible to the masses, Orlinski exhibits his work, often of spectacular dimensions, in the great outdoors. As he redefined contemporary art codes, elements in nature became his signature and forte. Known for his iconic bright red resin crocodile, Orlinski’s work is inspired by pop culture artists such as Jeff Koons and Robert Indiana, and uses industrial materials to develop large geometric sculptures that symbolize freedom, power, and passion.

“Dedicated to bringing one-of-a-kind artistic experiences to the Lincoln Road District, we are thrilled to bring Orlinski’s esteemed outdoor exhibit of colorful, eye-popping sculptures from Paris to Lincoln Road,” said Mindy Mcllroy, Vice President of the Lincoln Road Business Improvement District (BID), and President of Terranova Corporation. “We are continuously investing in public art installations and cultural programming to ensure Lincoln Road remains a place where locals and visitors can enjoy enriching cultural experiences.”

From the majestic pink lion that will be showcased across the Apple Store to the red crocodile near the Nike Store and the standing white bear on Washington Avenue, the community will encounter bright, life-size animal statues while strolling the pedestrian promenade. Wild Kong, a signature piece from the Champs Elysée exhibition, will be located on Michigan Ave across from Finnegan’s Road. The sculptures are crossing the seas and coming from France. During the exhibit, the artist will also open a pop-up store at 801 Lincoln Road.

As the cultural and civic hub for the community, the Lincoln Road District has also partnered with AEA Consulting, a global firm setting the standard in strategy and planning for the cultural and creative industries, to further activate the district with collaborations that advance and promote arts and culture. With activations from Abu Dhabi to New York and London, AEA has engaged with the American Symphony Orchestra, Perez Art Museum, and Brooklyn Bridge Park, among others, delivering more than 1,200 assignments in 42 countries.

“Partnering with AEA Consulting to realize vital arts and culture projects will help further enhance our offerings in the Lincoln Road District, providing residents and visitors with year-round programming that bolsters their quality of life,” said Lyle Stern, President of the Lincoln Road BID and President of Koniver Stern Group. “From activating Lincoln Road with spectacular sculptures by famed artist Orlinksi to ushering in the South Beach Jazz Festival and a series of memorable musical performances by Nu Deco Ensemble, we are expanding the district’s cultural programming that will keep residents and visitors returning to Lincoln Road.”

The Lincoln Road District is one of Miami’s premier retail, lifestyle and cultural destination that is home to more than 250 restaurants and shops, entertainment, arts and cultural offerings. Lincoln Road ranks as the most-visited open-air destination in South Florida with over 8 million visits in 2021, according to Placer.ai data and featured in AFAR as one of the 10 best pedestrian streets around the world.

Images via Lincoln Road

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Waldorf Astoria Hotel & Residences Miami Becomes First Supertall Tower to Break Ground In Miami

The first supertall tower to come to Miami has broken ground as the developers of Waldorf Astoria Hotel & Residences Miami have begun drilling and foundation work for the luxury mixed-use tower which is set to rise 1,049 feet in Downtown Miami. Waldorf Astoria Hotel & Residences Miami is being developed by PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT).

The first supertall tower to come to Miami has broken ground as the developers of Waldorf Astoria Hotel & Residences Miami have begun drilling and foundation work for the luxury mixed-use tower which is set to rise 1,049 feet in Downtown Miami. Waldorf Astoria Hotel & Residences Miami is being developed by PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT). Located at 300 Biscayne Boulevard, the soaring tower will rise 100 stories and 1,049 feet above Biscayne Bay, marking Miami’s first supertall tower and the tallest residential building south of New York City. This also marks the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Miami and South Florida market.

After coming to market in the spring of 2021, Waldorf Astoria Residences Miami has reached 87% sold, with over 50% domestic buyers, followed by significant activity from Latin American markets and other international markets. Remaining inventory primarily includes the Sky Collection within the eighth cube of the tower and penthouse residences within the ninth cube. The sales team, led by in-house firm PMG Residential, has leveraged its unrivaled knowledge of the Miami market and international expertise to complete over $1 billion in sales to date.

“The highly-anticipated groundbreaking of Waldorf Astoria Hotel & Residences Miami sets a new tone and new standard for development here in Miami. The market is thriving and projects like this are coming to life to meet the demand from our luxury audience,” said Ryan Shear, Managing Partner of PMG. “Working with our partners and the Hilton team behind Waldorf Astoria has been incredibly rewarding, and we look forward to continuing our upward momentum.”

The architecturally awe-inspiring Waldorf Astoria Hotel & Residences Miami will feature nine spiraling, offset glass cubes designed to be evenly stacked and wrapped in what can be referred to as a “glass skin,” distinguishing the property’s architecture from anything else on the East Coast. The tower’s concept design is led by Sieger Suarez Architects, in collaboration with renowned architect Carlos Ott, who worked in tandem to create an iconic structure in Downtown Miami offering 360-degree views of Downtown Miami, Miami Beach and the Atlantic Ocean. The developers also partnered with award-winning interior design firm BAMO, which prides itself on creating captivating environments that flow, function and make people feel welcome, at ease and inspired to live and dream more fully.

“The groundbreaking of the Waldorf Astoria Hotel & Residences Miami is a very exciting milestone in this landmark project,” Sasha Cucuz, CEO Greybrook Securities Inc. “The success that has been achieved thus far is a testament to the caliber of our partners and the teams working on this development. We look forward to seeing this incredible building come to life and to be bringing the Waldorf Astoria to Miami.”

Known as the pioneer of elegant service and timeless luxury dating back to 1931, Waldorf Astoria’s arrival in Miami and commitment to building one of the world's most extraordinary landmarks is evidence of the city's continued growth amongst some of the world's most elite cities. Waldorf Astoria is known for providing unforgettable experiences in landmark destinations across the world, a tradition that strongly resonates with PMG’s core principles of creating innovative ways to offer a unique luxury living and lifestyle experience.

“Welcoming the Waldorf Astoria brand to the Miami market for the first time in our growing pipeline is an incredible milestone for us. The city has set the precedent for elevated experiences and rich culture, continuing to attract diverse and discerning travelers from around the world,” Dino Michael, Senior Vice President and Global Head, Luxury Brands, Hilton. “Residents and guests of the property are poised for an incredible one-of-a-kind experience, knowing that Miami is synonymous with luxury.”

Waldorf Astoria Hotel & Residences Miami will consist of 360 private residences, in addition to 205 guestrooms and suites within the luxury hotel, which will be located in the first three cubes of the tower along with the hotel’s signature spaces and private amenities. Hotel guests and residents will have access to the Waldorf Astoria brand’s world-famous Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function event spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a holistic wellness spa and fitness center. Private residential amenities will include an owners-only lobby and lounge; hospitality suite for chef’s tastings and intimate soirees; billiard room; kid’s club; and elevated pool deck. The residences will also offer the latest smart-home technology with custom mobile app access to concierge service. The app will feature a full menu of available offerings, including dining reservations, 24/7 room service, spa and fitness treatments, house car reservations, access to valet service, package delivery and dog walking services. Waldorf Astoria Hotel & Residences Miami will be managed by Hilton Management Services, offering residents and guests alike a truly refined haven through the brand’s relentless commitment to personalized service and best-in-class experiences.

“The groundbreaking of Waldorf Astoria Hotel & Residences Miami signifies much more than the property’s vertical construction. As Miami’s first supertall tower and Waldorf Astoria’s first entry into the city, this achievement further designates Miami as a global destination and sets a new benchmark for luxury real estate paired with superior hospitality,” said Kevin Maloney, President and Chief Executive Officer at PMG. “We could not be more honored to continue transforming Miami’s skyline with the iconic Waldorf Astoria Hotel & Residences Miami alongside our partners and prominent industry leaders.”

With luxury residential developments nationwide, PMG delivers impeccable attention to detail throughout each of its projects. The developer is notable for meticulously designed condominium developments such as 111 West 57th Street, Walker Tower, Stella Tower, 111 Leroy in New York City, Echo Aventura, Muse Residences Sunny Isles, Echo Brickell and Mei in South Florida, as well as E11EVEN Hotel & Residences Miami and The Elser Hotel & Residences in Miami. Currently, PMG is developing more than five million square feet of new development that will deliver sophisticated design, high-end finishes and premium quality.

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Scott Sherman Launches Real Estate Investment Firm Torose Equities

Seasoned real estate veteran Scott Sherman has launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States. Torose will be Sherman’s newest venture after successfully launching Miami-based Tricera Capital in 2017 and growing the company to become a household name and key player in major Florida markets.

Seasoned real estate veteran Scott Sherman has launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.

Torose will be Sherman’s newest venture after successfully launching Miami-based Tricera Capital in 2017 and growing the company to become a household name and key player in major Florida markets. In just five years, Sherman spearheaded the acquisition of 30+ commercial assets totaling $700 million and more than 2.5 million square feet.

Sherman brings with him the former investment arm of Tricera Capital to lead Torose. Ari Sasson serves as Torose’s Chief Financial Officer and Aaron Kay as Director of Acquisitions.

“We are excited to continue to build on the chemistry and momentum we established as a team over the past five years,” said Torose Founder & Principal Scott Sherman. “Our investment strategy at Torose will be familiar to our investment partners. Now more than ever before, Torose’s contrarian approach to real estate investment and development will benefit from the current economic environment.”

Similar to Sherman launching Tricera Capital during the height of the “retail apocalypse,” Torose’s founding team saw the perfect window of opportunity to start another investment firm focused on value-add opportunities amid rising interest rates and growing uncertainty in the real estate market. The team has wasted no time, with properties already under contract that are expected to close by the end of the year.

Some of the team’s most high-profile acquisitions in the past five years include the former Palm Beach Post site in West Palm Beach; Cube Wynwood office building; Offices at Atria in Downtown Sarasota; and a portfolio of properties in Downtown St. Petersburg. The team is also partnered on several notable mixed-use developments including The Dorsey in Wynwood in a JV with Related and Alex Karakhanian; and The Boulevard in a JV with 13th Floor Investments.

The Torose team will continue to target assets ranging from $10 million to over $100 million in core markets in the Southeastern U.S., including Miami, West Palm Beach, Fort Lauderdale, Tampa, St. Petersburg, Sarasota, Nashville, Raleigh-Durham, and Atlanta.

Prior to launching Torose Equities, Sherman served as Managing Partner of Tricera Capital, and was Vice President of Acquisitions at Thor Equities, where he completed in excess of $2 Billion of closed deals. Before joining Thor, Scott was the Director of acquisitions at Becker Brothers.

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Waterford Corporate Centre Trades For $16.9 Million, To Become New Worldwide HQ For Benitez & Company CPA

The Waterford Corporate Centre, a multi-tenant office property which was renovated in 2019, ha sold for $16.9 million. The property is located at 5835 Blue Lagoon Drive, Miami, FL 33126 and spans 61,194 SF. The Waterford Corporate Centre was 97% leased at the time of sale and the tenant list includes The United States Department of Commerce, The State of Florida Department of Education, Volvo Group North America and World Trade Center Miami.

The Waterford Corporate Centre, a multi-tenant office property which was renovated in 2019, ha sold for $16.9 million. The property is located at 5835 Blue Lagoon Drive, Miami, FL 33126 and spans 61,194 SF. The Waterford Corporate Centre was 97% leased at the time of sale and the tenant list includes The United States Department of Commerce, The State of Florida Department of Education, Volvo Group North America and World Trade Center Miami. The building will be the new worldwide headquarters for Benitez & Company CPA.

The buyer is Juan & Maria Benitez of the Benitez & Company CPA who was represented by Manny Chamizo III with ONE Sotheby's International Realty, while the seller was Blue Lagoon Investment, LLC who was represented by Cary Cohen with Blanca Commercial Real Estate.

The Waterford Corporate Centre was recently renovated in 2019 and features an impressive and elegant double-height lobby, tenant conferencing facility, and a rooftop helicopter landing pad.

"Despite changing market conditions, office buildings are continuing to transact in core markets," said Chamizo. "Miami’s momentum remains solid and South Florida based companies are reaping in the benefits - with many searching to expand their teams and offices. We are happy to have found the Class A space our client was looking for, the helipad was an attractive bonus.”

This property conveniently situated within the corporate-campus style Waterford Business District, fronting beautiful views of Miami International Airport and immediate access to the Dolphin Expressway. The prime location also connects the campus to several major Miami neighborhoods, including Doral, Coral Gables, Brickell, Downtown Miami and Wynwood.

Images attached. Credit for the building pictures goes to Cary Cohen.

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Miami Design District To Host Pink Yoga X Fashion Strikes Cancer In Support Of Breast Cancer Awareness Month

The next event upon Miami Design District's seventh annual Fashion Strikes Cancer event series in support of Breast Cancer Awareness month is the Pink Yoga class taking place next Thursday, October 20th at 6:30pm. Join the Miami Design District for a Pink Yoga session in support of Breast Cancer Awareness Month. The event will be co-hosted by Fashion Strikes Cancer Founder, fashion visionary, stylist, and breast cancer survivor, Angeles Almuna, alongside Ahana Yoga Founder, Dawn Feinberg.

The next event upon Miami Design District's seventh annual Fashion Strikes Cancer event series in support of Breast Cancer Awareness month is the Pink Yoga class taking place next Thursday, October 20th at 6:30pm.

Pink Yoga x Fashion Strikes Cancer

Join the Miami Design District for a Pink Yoga session in support of Breast Cancer Awareness Month. The event will be co-hosted by Fashion Strikes Cancer Founder, fashion visionary, stylist, and breast cancer survivor, Angeles Almuna, alongside Ahana Yoga Founder, Dawn Feinberg. Pink Yoga will feature live music, Glossier Beauty gifts, light bites by Fit & Sweet, and drinks by Radiate Kombucha. Tickets are $15 each. All proceeds will benefit the Breast Cancer Research Foundation. Guests are encouraged to dress in their brightest pink!

Date: Thursday, October 20, 2022

Time: 6:30PM - 8PM

Address: Palm Court, 140 NE 39th St, Miami FL, 33137

If you would like to learn more about the neighborhood's Breast Cancer Awareness Month efforts, purchase tickets to any of the events, or donate to the cause, please visit the link HERE.

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Bilzin Sumberg Renews 85K SF Office Lease At 1450 Brickell In Miami's Financial District

Nearly 25 years since launching in the heart of Downtown Miami, preeminent law Firm Bilzin Sumberg is doubling down on its Florida growth strategy with a major office lease that will preserve the firm’s position as one of the major tenants at the 1450 Brickell office tower. The Firm has renewed its lease for nearly 84,000 square feet of space at the Class A building, representing one of the largest law firm footprints in Miami’s urban core.

Nearly 25 years since launching in the heart of Downtown Miami, preeminent law Firm Bilzin Sumberg is doubling down on its Florida growth strategy with a major office lease that will preserve the firm’s position as one of the major tenants at the 1450 Brickell office tower. The Firm has renewed its lease for nearly 84,000 square feet of space at the Class A building, representing one of the largest law firm footprints in Miami’s urban core. Bilzin Sumberg’s renewal of its lease coincides with an influx of residents, companies, and investment into South Florida, with the Firm pursuing a strategy of steady growth that has solidified its role as a catalyst for business and wealth migration.

Bilzin Sumberg became the first office tenant to sign a lease at 1450 Brickell when the tower was nearing completion in 2009. The development of 1450 Brickell led the transformation of the entrance to Brickell Avenue, elevating the area into a walkable hub for business, dining, hotels, and residential living. Since then, the 625,000 square-foot Class A tower has attracted best-in-class tenants including multinational companies, finance firms, and professional services firms. The unique building features include a curtainwall glass system comprised entirely of large missile impact glass and two major generators that provide tenants with over 4,000 kw of power during electrical outages, making 1450 Brickell the country’s most storm-hardened office tower.

“For more than two decades, Bilzin Sumberg has presided over the evolution of Downtown Miami and the Brickell Financial District, from a 9-to-5 business center, into a vibrant 24-7 city,” explains Managing Partner Al Dotson. “Our office at 1450 Brickell has put our attorneys at the center of one of the most dynamic business, residential and lifestyle districts in the United States. Along the way, Bilzin Sumberg has been a key figure in transformative projects that have taken shape in our backyard, while also serving a national and international clientele from our homebase at 1450 Brickell.”

Bilzin Sumberg was represented by the JLL brokerage team led by Barbara Liberatore Black, Matthew Goodman and Jeff Gordon. “After spending over a year reviewing all options in Miami’s office market, Bilzin Sumberg decided to renew its lease and remain as one of the major tenants at 1450 Brickell for all of the same reasons they initially chose the building over 10 years ago,” said JLL’s Barbara Liberatore Black. “With the business growth Miami’s Brickell Financial District continues to experience and the 1450 Brickell office tower’s strategic location at the entrance to Brickell, it made all the sense for the law firm to maintain a presence in the center of the city’s premier live-work-play district.”

Tere Blanca and Danet Linares of Blanca Commercial Real Estate represented building owner 1450 Brickell, LLC.

“From the time of its development through today, 1450 Brickell has attracted prestigious domestic and international tenants,” added Tere Blanca, whose firm has exclusively leased 1450 Brickell since its conception. “While there were two other office towers under construction at the time it was being built, 1450 Brickell’s location and unique features helped drive strong pre-leasing with top quality tenants. Bilzin Sumberg, with deep roots in South Florida and an international clientele, first saw the value of locating in 1450 Brickell, a LEED Gold certified trophy tower designed to stand the test of time. The Firm’s tenancy set the wheels in motion for what would become one of the most successful pre-leasing campaigns in Miami history.”

Bilzin Sumberg counsels clients whose business and legal opportunities and challenges span the United States and cross borders to Europe, Latin America, Canada, the Middle East, and Asia. The firm's growth has paralleled that of its Miami home base, a region known for its rich cultural, social, and professional diversity. Bilzin Sumberg lawyers concentrate on services at the heart of both regional and international commerce, including real estate, land development and government relations, environmental, corporate law, joint ventures, domestic and international tax and estate planning, business litigation, finance, and public-private partnerships.

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Ytech Reveals Antonio Citterio Patricia Viel-Designed 70-Story Partially Solar Powered Condo Tower 'The Residences at 1428 Brickell'

1428 Brickell, LLC, a subsidiary of Miami-based real estate development firm Ytech, has revealed The Residences at 1428 Brickell, a 70-story iconic centerpiece of the quintessential Miami skyline, located at one of the most prestigious addresses on Miami's Brickell Avenue. The building will be the first ever high-rise residential tower using solar energy and is designed by architecture and interior design firm ACPV ARCHITECTS and international architecture firm Arquitectonica.

1428 Brickell, LLC, a subsidiary of Miami-based real estate development firm Ytech, has revealed The Residences at 1428 Brickell, a 70-story iconic centerpiece of the quintessential Miami skyline, located at one of the most prestigious addresses on Miami's Brickell Avenue. The building will be the first ever high-rise residential tower using solar energy and is designed by architecture and interior design firm ACPV ARCHITECTS and international architecture firm Arquitectonica. The distinctive architecture and design of this private, residential property includes a limited collection of 189 homes priced from $2 million to $7 million, including a Penthouse Collection priced from $8 million to over $40 million. Cervera Real Estate serves as the sales team representing the property. Among the most prolific luxury condominium builders in the country, John Moriarty Associates (JMA) is the general contractor for The Residences at 1428 Brickell.

The Residences at 1428 Brickell will be the world’s first luxury, high-rise residential tower to integrate photovoltaic glazing within the building’s façade. This solar energy feature is deftly blended into the building’s architectural aesthetic, expressing the importance of sustainability and carbon reduction along each of its 70 floors. Since the solar cells are integrated into the glass, the effective lifespan of the panels can match the window itself. The property will feature 500 photovoltaic-integrated windows along the west-facing façade, creating a “Solar Backbone” comprising nearly 20,000 square feet of energy-producing glass. With this orientation and permanently installed generating capacity, the system is capable of producing up to 170,000 kilowatts, or 170 megawatts, of clean energy per year. This is intended to result in the reduction of approximately 4,700 tons of CO2 and the use of 3,000 barrels less of oil. Ytech has selected award-winning firm Cosentini Associates as the property’s expert solar energy consultant to implement this technology into The Residences at 1428 Brickell.

“Over a decade of planning and market research has come to fruition with The Residences at 1428 Brickell. Ytech’s vision is to create residential sanctuaries in an urban environment where design is driven first and foremost by resident experience and needs,” said Yamal Yidios, CEO of Ytech. “Complemented by impeccable architecture and advanced engineering, a remarkable combination of form and function, The Residences at 1428 Brickell will become iconic in delivering an unparalleled, service-oriented living experience.”

Ytech has selected a world-class team of artisans, designers, architects and engineers who understand the nuances of architecture, space, objects and human interaction to conceptualize and deliver a truly exceptional residential product. The concept for The Residences at 1428 Brickell was developed based on market research gathered from more than 250 luxury residential and hotel properties globally and interviews with three dozen renowned architects and designers. As a result, the property was created with the owner’s experience and privacy at the forefront of every decision, making The Residences at 1428 Brickell not only beautiful to behold but ideal to live in. The end result – meticulously curated residences with thoughtfully crafted amenity spaces and private areas throughout the building that will deliver a perfect balance between beauty and functionality. These exclusive and private residences are focused on empowering owners with a sense of privacy, safety and individuality.

Led by CEO Yamal Yidios, Ytech is ​​inspired by great thinkers, creators and innovators, and this inspiration has been woven into each intentionally conceived detail of The Residences at 1428 Brickell. Through the firm’s in-depth market research, design vision and meticulous execution, complemented by Yidios’ background as an engineer and internationally influenced perspective, The Residences at 1428 Brickell have been crafted with intelligence and artistry to create an instant, lasting sense of belonging for all who call it home.

Alongside world-renowned architecture and interior design firm ACPV ARCHITECTS and international architecture firm Arquitectonica, Ytech has meticulously designed a perfect balance between form and function without compromise. Over the years, ACPV ARCHITECTS has designed some of the world’s most iconic projects including the Bulgari Hotel Paris, Arte Surfside in Miami Beach and La Bella Vita high-rise in Taiwan among others. ACPV ARCHITECT’S vision for the interior spaces emerges from the firm’s penchant for designing the art of living, with a unique micro and macro perspective, making The Residences at 1428 Brickell a living space where emotion and intellect combine to produce the highest quality of life.

“For the tower’s interiors, we selected furniture, materials, textures and colors that create an ambiance of informal luxury,” said Patricia Viel, CEO of ACPV ARCHITECTS. “Throughout the property’s amenity spaces we integrated pieces of furniture from a selection of world-renowned Italian and international designers, focusing primarily on earth tones to bring nature inside the building while simultaneously celebrating the joyful feeling of spending time outdoors in the company of your loved ones.”

“The architecture and interior design of The Residences at 1428 Brickell fuse seamlessly to make residents feel welcome and at ease from the moment they enter the building. Imagining how owners would use each space within the property was the guiding principle of our design for the interiors,” said Antonio Citterio, chairman of ACPV ARCHITECTS. “For example, we designed large amenity spaces to act as an extension of residents’ private living areas, such as the dining area, pool, bar and wine cellar, and integrated full-height windows in the lobby to offer uninterrupted views of the striking Brickell skyline, bridging the gap between indoors and outdoors.”

The Residences at 1428 Brickell's limited collection of residences will be fully finished with two- to four-bedroom plus den units ranging from 1,800 to 4,000 square feet. The Penthouse Collection residences range from 4,000 to 10,000 square feet. The residences showcase stunning water views and have been thoughtfully created with a true flow-through configuration to maximize light. A significant portion of residences within the property are two-stories, creating the feeling of a single-family home in the sky.

The Residences include high-quality, contemporary finishes and one-of-a-kind Antonio Citterio-designed signature pieces. Further highlights include deep sunrise and sunset terraces with a summer kitchen; two private elevators and a foyer per residence with double door entry including a compartment for in-room dining deliveries and private storage on each level. Encompassed by Rimadesio glass enclosures, standard residences will feature Italian Arclinea kitchens with 11-foot ceilings, while penthouse residences will include limited production Vaselli kitchens and 12- to 30-foot ceilings.

Over 80,000 square feet of amenity space will adorn The Residences at 1428 Brickell. Located 860 feet in the sky, Ytech dedicated five of the eight amenity levels within the top of the tower which will be home to curated private and shared spaces showcasing stunning, panoramic city views.

Level 70, a rooftop pool and atrium, features a pool with direct sunlight exposure; a hot spa and daybed lounging area; and a sky atrium offering a serene, lush greenhouse experience surrounded by foliage.

Level 67 includes a world-class, two-story wine and fine art lounge. The level also features state-of-the-art office suites with private offices and lounge; private dining room with a jewel Vaselli kitchen, ideal for entertaining, private cooking classes or catering; an owner’s lounge with expansive seating for entertaining and a full bar featuring craft cocktails and culinary delectables. Additional services include an on-site beverage director and sommelier as well as private a la carte catering and event services.

Level 66 features an expansive 10,000 square foot gym with weight room, HIIT room and an indoor/outdoor yoga room; a juice and wellness bar offering healthy pre and post-workout food and beverage options; and an immersive spa featuring a meditation room, infrared sauna, steam room, cold and hot plunge pools, treatment rooms, beauty suite and barbershop. Services on this level include a wellness concierge available to assist in scheduling personal training, spa and beauty treatments, nutritional coaching and IV treatments.

Level seven offers a family-focused environment featuring a pool with shallow wading area and poolside cabanas; aquatic therapy area with a stationary exercise lap pool; children’s recreation and learning center featuring indoor and outdoor areas with splash pools, interactive playgrounds and creativity rooms; cinema screening room and a teen’s room. Fully furnished, private guest suites will be available on level eight.

The building’s entrance and arrival lounge features an impressive porte-cochere and access control facility creating a welcoming, immersive arrival experience that includes a library with wine and food options for residents and their guests. Additional services include reception, valet and porter; bellman and doorman services, and a pet facility with grooming area, and in-unit package delivery, among other amenities.

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