Oak Row Equities And L&L Holding Company Secure Full Construction Financing For 'The Wynwood Plaza' One-Million-Square-Foot Dynamic Mixed-Use Campus
L&L Holding Company and Oak Row Equities today announced they have closed on $215 million in construction financing for The Wynwood Plaza, a one-million-square-foot campus that will bring class-AAA office, residential, retail and outdoor space to Miami’s famed Wynwood Arts District. L&L Holding, Oak Row Equities, alongside project partner Shorenstein and co-investor Claure Group, secured the loan from Bank OZK.
L&L Holding Company and Oak Row Equities today announced they have closed on $215 million in construction financing for The Wynwood Plaza, a one-million-square-foot campus that will bring class-AAA office, residential, retail and outdoor space to 95 NW 29th Street in Miami’s famed Wynwood Arts District.
L&L Holding, Oak Row Equities, alongside project partner Shorenstein Properties LLC (“Shorenstein”) and co-investor Claure Group, secured the loan from Bank OZK. With full project financing now in place, major construction will commence immediately with full completion anticipated in 2025.
In addition to securing the financing, L&L Holding and Oak Row Equities announced that they have pre-leased two full floors at The Wynwood Plaza’s 12-story contemporary Class AAA office tower. Prominent investment firm Claure Group, led by Marcelo Claure, will establish its headquarters in 25,400 square feet across the entire eighth floor. Weitz & Luxenberg, an acclaimed nationwide law firm, will open its first Miami office in 18,000 square feet across the second floor. The second floor will also house the amenity space exclusive to office tenants.
Designed by world-renowned architecture firm Gensler, which is also serving as architect of record, The Wynwood Plaza will incorporate a residential building featuring luxury rental apartments, an array of indoor and outdoor dining and shopping options, as well as a highly-amenitized office tower totaling approximately 266,000 square feet. Inviting outdoor spaces will be designed by James Corner Field Operations, the landscape architecture and urban design practice behind New York City’s High Line and Miami’s The Underline. The project’s most distinctive characteristic will be a beautifully landscaped 26,000-square-foot outdoor public plaza– the only one of its size in the Wynwood neighborhood and one of the largest in Miami.
“The Wynwood Plaza has been designed and programmed to produce a dynamic fusion of high-end apartments, creative offices, galleries, boutiques and artisanal restaurants, all wrapped around a lush paseo, which will both complement and enrich the entire Wynwood Arts District,” said L&L Holding Company Chairman & Chief Executive Officer David Levinson and President & Chief Investment Officer Robert Lapidus. “We are grateful to our partner Shorenstein and Bank OZK, as well as to our tenants, for embracing our collective vision of The Wynwood Plaza as a nexus of culture, community, creativity and nature.”
“In every submarket, Oak Row Equities develops in, we strive to deliver not only best-in-class product, but also the most transformative projects in each individual submarket. Wynwood Plaza is no exception,” said Erik Rutter and David Weitz, Managing Partners of Oak Row Equities. “We are thrilled to have Shorenstein and Bank OZK as our partners to bring the largest mixed-use development in Wynwood to life.”
“With a fast-growing population and a business-friendly environment that continues to drive a significant number of corporate expansions and relocations by prominent technology, financial and professional services companies, Florida, and the Miami metro region in particular, is an attractive market for long-term investment,” said Matt Knisely, Managing Director at Shorenstein Properties. “We are excited to partner with L&L and Oak Row to build on our successful track record in the region by delivering a market-leading mixed-use project that will provide an innovative space for tenants and the vibrant Wynwood community alike for years to come.”
“The Wynwood Plaza brings together the best of all worlds to create the ideal environment for collaboration and productivity,” said Claure Group Founder and CEO Marcelo Claure. “The sustainable and tech-focused design offers the perfect setting for businesses to innovate, grow and attract top talent. The artistry and authenticity of the campus will also be a magnet for residents and retailers who want to be part of Miami’s most vibrant neighborhood.”
The Wynwood Plaza’s office component has been intentionally designed with innovative floor plates and an expansive suite of amenities to cultivate the ideal environment for today’s innovative workforce. The building will incorporate private terraces on each floor and 14-foot windows to allow natural light to fill the workspaces. A dedicated amenity hub will include a fitness club, a cafe and bar lounge, and conference and collaboration spaces, while an expansive rooftop will feature lush landscaping and private seating areas. The office tower will have a stylish 25-foot-tall grand lobby at street level, and tenants will also benefit from best-in-class air filtration, touchless entry and elevator systems.
The Residences at The Wynwood Plaza will include 509 luxury rental apartments with floor-to-ceiling windows, state-of-the-art appliances, exceptional finishes and flexible layouts. Residents will have access to a best-in-market amenity package that includes four activated rooftops with a sports court, two outdoor pools with showers, a sauna, hot tub and cold plunge pool. In the resident-only glass atrium, co-working spaces and private phone rooms will provide a quiet place to work from home, with a neighboring game lounge for when it is time to take a break. A modern fitness center will feature the latest equipment, as well as dedicated areas for yoga and other classes.
With an eclectic mix of lifestyle boutiques, micro-curated storefronts, convenience locations, restaurants and fast casual spots, The Wynwood Plaza’s retail will become a neighborhood destination. The project will include a total of 32,000 square feet of retail, including 6,600 square feet of outdoor dining. The airy, stylish spaces will feature full glass storefronts with the opportunity for impactful exterior signage. Situated on a main pedestrian thoroughfare, the shops will benefit from ample foot traffic comprised of on-site office tenants and residents, as well as those who live in and visit the popular neighborhood.
The project’s 26,000-square-foot outdoor public plaza will feature a pedestrian paseo with direct connections to Northwest 29th Street, Northwest 30th Street and Northwest 1st Avenue. The paseo will be landscaped with large palm trees, plants and flowers and form a central pedestrian thoroughfare.
To showcase and elevate the creativity of the surrounding community, L&L Holding and Oak Row will collaborate with local artists to include curated works and installations throughout The Wynwood Plaza for residents and the community to enjoy.
Dustin Stolly and Jordan Roeschlaub of Newmark represented L&L Holding and Oak Row Equities in capitalizing the project, while Scott Wadler and Michael Basinski of Berkadia arranged the Bank OZK financing.
Kobi Karp Designed Gateway at Wynwood Class A Office Complex Refinanced With $113 Million Loan
Berkadia has arranged a $113 million loan to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project designed by Kobi Karp in Miami’s Wynwood District. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan on behalf of New York-based R&B Realty, a family-owned real estate management, leasing and construction company.
Berkadia has arranged a $113 million loan to refinance Gateway at Wynwood, a 220,000-square-foot, Class A office and retail project designed by Kobi Karp in Miami’s Wynwood District. Senior Managing Director Charles Foschini, Managing Director Christopher Apone and Associate Director Robert Iudice of Berkadia South Florida arranged the loan on behalf of New York-based Rose & Berg Realty Group LP (“R&B Realty”), a family-owned real estate management, leasing and construction company. The property is leased to a diverse tenant roster including BoConcept, OpenStore and Veru. A10 Capital, a vertically integrated, full service commercial real estate lender, provided the three-year loan, with two, one-year extension options.
Berkadia also secured the original construction loan for the project in early 2020 through lender 3650 REIT. This time,
"The volatility in the lending environment made this office refi transaction challenging, but our relationships with the lending community and the strength of this asset helped us secure one of South Florida's largest office refis in recent times," said Foschini. "We are proud to have played a key role in helping our client move forward with its plans as it continues to attract strong office and retail tenants to the trophy property in the highly desired Wynwood area north of downtown Miami."
Designed by ‘starchitect’ Kobi Karp, Gateway at Wynwood is located at 2616 North Miami Avenue, in the epicenter of Miami’s Wynwood corridor, one of the most desirable 24-hour submarkets in the nation. It features approximately 220,000 square feet of Class A office space encompassing roughly 27,700 square feet of space on each of its floors. It features a private rooftop terrace with panoramic views, as well as 512 on-site parking spaces. The project also features 24,000 square feet of retail space and is centrally located at the convergence of the Midtown and Wynwood submarket’s’ high-traffic retail corridor, with immediate access to thousands of new residential units.
Gateway at Wynwood is just minutes away from Miami’s Central Business District (CBD), Midtown, Edgewater, the Arts and Entertainment District, Brickell, Miami Beach, and a variety of mass transit options including I-195, the Miami Metrorail and the new Brightline commuter rail line connecting Miami to Fort Lauderdale and Palm Beach.
Terra Locks Down $43.5 Million Refinancing For 'Residences In The Grove' Coconut Grove Condo
Terra, in partnership with AB Asset Management, has secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit luxury condominium located at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing, provided by City National Bank of Florida and KS Finance Corporation, will fund preliminary demolition and site-work in preparation for the project’s groundbreaking.
Terra, in partnership with AB Asset Management, has secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit luxury condominium located at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing, provided by City National Bank of Florida and KS Finance Corporation, will fund preliminary demolition and site-work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.
Designed by Arquitectonica, the five-story development will boast a beautiful design centered around a coral rock façade and sustainable features that will blend in seamlessly with Coconut Grove’s existing landscape and tree canopy. The project will also include approximately 22,000 square feet of wellness focused street-level retail space.
“Our ability to secure favorable financing for Residences in the Grove speaks to the growing demand for residential product in the thriving Coconut Grove district, which is home to walkable streets, top-tier schools, and some of Miami’s most exciting retail and dining destinations,” said David Martin, CEO of Terra. “Terra has been on the front lines in reinvigorating Coconut Grove dating back nearly a decade and we’re excited about continuing that tradition with this new development.”
“Coconut Grove is experiencing a surge of demand as people and businesses continue to move to South Florida. Terra was one of the first developers to recognize Coconut Grove’s potential as a mixed-use destination, and the firm has delivered several residential and commercial projects that are bringing the district to life,” said Gary Fitzgerald, Executive Vice President, Real Estate Banking Executive at City National Bank of Florida. “When you consider the neighborhood’s appeal, the strength of Miami’s residential market, the quality of this location, and Terra’s track record, the decision to finance this transaction made perfect sense.”
Terra’s portfolio of residential and commercial developments throughout Coconut Grove include the Bjarke Ingels-designed twisting towers of Grove at Grand Bay; the Rem Koolhas/OMA-designed Park Grove condominium towers; and the Touzet Studio-designed Mary Street class A office building. Terra is currently developing the two-tower Mr. C Residences luxury condominium, and Grove Central, a mixed use transit-oriented retail and residential development, both of which are slated for completion later this year.
Newgard Development Group To Bring Acclaimed NY Restaurant AVRA Estiatorio To LOFTY Brickell
Newgard Development Group has revealed that the acclaimed Greek restaurant AVRA Estiatorio will be opening in LOFTY Brickell, a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s Brickell financial district. AVRA transports diners to the Greece Islands with its decor and cuisine including incomparably fresh seafood, vegetables and hand-pressed extra-virgin olive oil.
Forward-thinking real estate developer Newgard Development Group has revealed that the acclaimed Greek restaurant AVRA Estiatorio will be opening in LOFTY Brickell, a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s financial district. A collaboration between co-founders Nick Tsoulos, Nick Pashalis and Marc Packer, AVRA is a destination that transports diners to the whitewashed islands of Greece with its decor and cuisine including incomparably fresh seafood, vegetables and hand-pressed extra-virgin olive oil.
LOFTY is already one of the Miami condo market’s most successfully sold buildings and the most elevated offering in Newgard Development’s flexible ownership concept. AVRA’s flagship New York location opened on East 48th Street in 2000; today the brand has two more Manhattan locales, another in Beverly Hills, and most recently opened a fifth location at The Estates at Acqualina™ in Sunny Isles Beach. LOFTY will be the restaurant’s second South Florida location.
“We were looking to curate the right restaurant partner that is aligned with the elevated lifestyle that defines our LOFTY brand,” said Newgard Development Group CEO Harvey Hernandez. “AVRA offers a wonderfully creative menu and truly unique dining experience that fully complements the vibe we aim to create for our owners and guests.”
With interiors designed by Rockwell Group, AVRA Brickell will occupy more than 10,000 square feet and have a 300-seat main dining room along with elegant outdoor seating overlooking the Miami River. Other design elements will include a spacious bar area, an expansive seafood display on ice similar to those found at traditional Greek markets, and a sleek aesthetic inspired by the Greek village of Nafpaktos, where Avra’s co-founder Nick Tsoulos was born and brought up.
AVRA’s cuisine is inspired by the seaside tavernas dotted all over Greece’s coast and more than 200 islands. The menu offers iterations of fresh fish with familiar favorites such as branzino, red snapper and wild Dover sole, as well as rarer Mediterranean gems like fagri and lithrini. Picking your seafood from the ice display that features in-season catch is a signature part of the AVRA experience.
The wine program is as impressive as the food with a list that includes more than 1,200 varieties and spans the globe. When it comes to spirits, AVRA’s options number in the hundreds and include 25 varieties. Greek spirits are part of the mix with ouzos and mastichas, and the cocktails are creative and a nod to Greece.
Michael Comras, Michael Silverman and Jeff Evans of the Comras Company of Florida facilitated the lease transaction.
“AVRA is a world-class restaurant that aligns nicely with the LOFTY brand and provides further activation along the Miami River,” said Comras. “We are pleased to be associated with this innovative residential project and look forward to curating other exciting lifestyle-brands for Newgard.”
Designed by Arquitectonica, the 362-unit LOFTY features 309 tower residences including studio, one- and two-bedroom units alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, a members-only social club, resort pool deck and fitness center, indoor/outdoor cigar lounge, co-working lounge and meeting rooms.
LOFTY’s 53-unit Penthouse Collection offers spacious two, three and three-bedroom plus den residences that are curated and will be furnished by revered design firm Artefacto. Penthouse prices range from $1.95 million to over $3.5 million.
Located directly across from Brickell City Centre, LOFTY is the next evolution of condo ownership, conceived to bring a 5-star alternative for the owner and traveler that might prefer to stay and own differently – yet does not want to compromise on the services and amenities of a hotel. Each residence will be delivered fully finished and furnished and, with professional management, will permit short-term rentals.
Cervera Real Estate serves as the exclusive sales and marketing partner for LOFTY Brickell. LOFTY Brickell is located at 99 SW Seventh St., Miami, FL 33130.
Images via LOFTY Brickell and AVRA Estiatorio
Hidden Worlds Immersive Oceanic Dining Experience Now Live In Wynwood
After a successful first run in Miami Beach this past summer, the cutting-edge, aquatic journey, Hidden Worlds, has returned for February 2023 and will run through March 4th. Miami’s immersive underwater wonderland, Hidden Worlds Entertainment Inc. – an impactainment company creating attractions with a purpose – has teamed up with The Islands of The Bahamas to present, ‘Our Ocean, Our Future’, an educational and entertaining marine journey to bring awareness to ocean conservation.
After a successful first run in Miami Beach this past summer, the cutting-edge, aquatic journey, Hidden Worlds, has returned for February 2023 and will run through March 4th. Miami’s immersive underwater wonderland, Hidden Worlds Entertainment Inc. – an impactainment company creating attractions with a purpose – has teamed up with The Islands of The Bahamas to present, ‘Our Ocean, Our Future’, an educational and entertaining marine journey to promote planet stewardship and bring awareness to ocean conservation. After much anticipation, the riveting oceanic adventure came to life from Wednesday, February 15 – Wednesday, March 4, 2023 at Ampersand Studios in Wynwood.
Using the latest digital projection technology, 360-degree audio environments and immersive fine dining, Hidden Worlds showcases the wonders of the world’s at-risk ocean ecosystems. The “Our Ocean, Our World” experience will engage the senses (smell, sight, and sound) of guests through immersive art displays. The 360-degree photographic experience offers guests the opportunity to surround themselves in the deepest oceans and most majestic mangroves, while learning the impact they have on the world.
Daniel Hettwer, Hidden Worlds Entertainment CEO, is thrilled to unite with The Bahamas, a destination sharing the same philosophy to ultimately save the ocean.
“Everyone is drawn in by the outward beauty of The Bahamas and in this case, we’re focusing on the ‘inner beauty,’ specifically their conservation efforts. The nation has been a leader in banning single use plastics and has always prioritized shark conservation,” said Daniel Hettwer. “Our charity partner, Beneath the Waves, has discovered the world’s largest seagrass meadow by studying tiger shark migration patterns. This area is estimated to be the world’s largest blue carbon sink benefitting all of humanity. It is unlikely that this discovery would have been made without shark conservation by The Bahamas.”
Daytime shows are held from 12:00 P.M. 5:00 P.M. daily while the two immersive fine-dining experiences begin at 6:00 P.M. and 8:30 PM Wednesday through Sunday evenings. In addition, following dinner on Thursdays, Fridays, and Saturdays, the underwater wonderland will feature an extended lounge experience, where the underwater wonderland will be synced to the music of some of Miami’s top DJs.
In theme of their new partnership with The Bahamas Ministry of Tourism, Investments & Aviation, the Hidden Worlds’ ‘Our Ocean, Our Future’ experience gives attendees even more climactic scenery, cutting-edge technology and interactive experiences. The enhancements include Art Installations by local Miami and Bahamian artists such as famed Bahamian muralist, Angelika Wallace-Whitfield and AI Art powerhouse Seyhan Lee, who will showcase an innovative coral experience.
The immersive dining experience is led by Hidden Worlds’ Executive Chef Scott Linquist, Co-Founder of COYO Taco and Serena Rooftop; with Bahamian, Executive Chef Kevyn Pratt, the personal chef to former Miami Heat player, Dwayne Wade and actress Gabrielle Union. The pair offer an ocean positive, multi-course menu, inspired by the flavors of The Bahamas. Throughout the evening, a dinner will be orchestrated where the tables will come alive as the dishes, marine-themed cocktails by renowned Bahamian mixologist, Marv “Mr. Mix Cunningham” and projections will be synced together for a coordinated experience. A vegan menu is also available upon request.
Tickets can be purchased from www.ourhiddenworlds.com/bahamas. A percentage of ticket sales from the daytime and evening experiences will also benefit the charity, Beneath the Waves. The non-profit organization is dedicated to promoting ocean health using science and technology to catalyze ocean policy and protect threatened species.
Images via Hidden Worlds & Ruben Cabrera
Continuum Company Announces Cullen Mahoney As New Senior Development & Acquisitions Officer
Continuum Company, a New York City-based boutique real estate development firm focusing on ground-up developments that create value for both the consumer and investor, announced today that Cullen Mahoney is joining the company as the Senior Development & Acquisitions Officer for Florida. For the past two decades, Continuum has eyed South Florida as an up-and-coming real estate enclave.
Continuum Company, a New York City-based boutique real estate development firm focusing on ground-up developments that create value for both the consumer and investor, announced today that Cullen Mahoney is joining the company as the Senior Development & Acquisitions Officer for Florida.
“Continuum Company is thrilled to welcome Cullen to the team,” Alexandra Eichner, President of Continuum Company, said. “We believe he is the perfect addition as we begin to hone in on the South Florida real estate market.”
For the past two decades, Continuum has eyed South Florida as an up-and-coming real estate enclave. In 2000, Continuum launched its first South Florida-based high-rise project, now known as the Continuum, which boasts a 42-floor north tower and a 37-floor south tower for a total of 527 units. Continuum has recently emphasized further expanding its projects into the South Florida market. Spearheaded by Alexandra Eichner and Phil Gutman, President of PGutman, Continuum has commenced construction on La Baia South, which is 100% sold, and launched sales on La Baia North. Additionally, Continuum just announced that it acquired a 1.34-acre site in North Bay Village for a brand-new luxury condominium building.
Enter Mahoney – with over a decade of experience in real estate and development in South Florida, he will serve as a tremendous asset to Continuum as the firm continues to expand into the Florida market. Prior to joining Continuum, Mahoney worked as a Development Manager for Miami-based Related Group. In this role, he worked on several Miami-based development projects in both the luxury condominium division and the market-rate apartment division, most notably his involvement with Residences by Armani/Casa. His collective real estate projects portfolio is valued at over $1 billion.
Prior to joining Related Group Mahoney graduated from University of Miami School of Law with a Masters of Law in Real Property Development.
“Since the pandemic, South Florida has seen unprecedented growth. While inflation impacts construction costs and higher interest rates cool demand, we are continuing to see a steady wave of sophisticated buyers transacting in our market,” Mahoney said. “Continuum is carefully curating development sites and providing a high-quality product that continues to be prosperous regardless of market conditions. I am excited to join the team,” he adds.
CMC Group and Morabito Properties Top Off Construction On Onda Residences In Bay Harbor Islands
Ugo Colombo’s CMC Group and Valerio Morabito’s Morabito Properties have topped off Onda Residences at 8 stories in Miami’s exclusive Bay Harbor Islands community. The bayfront Onda Residences is a 41-unit boutique luxury condominium project being developed along Biscayne Bay at 1135 103rd Street. 85% of its units are already sold ahead of its completion which is slated for later this year.
Ugo Colombo’s CMC Group and Valerio Morabito’s Morabito Properties have topped off Onda Residences at 8 stories in Miami’s exclusive Bay Harbor Islands community. The bayfront Onda Residences is a 41-unit boutique luxury condominium project being developed along Biscayne Bay at 1135 103rd Street. 85% of its units are already sold ahead of its completion which is slated for later this year. Coastal Construction serves as the development’s general contractor. Onda will be the first newly-built condominium to deliver and welcome residents among a slew of recently launched projects coming over the next few years to Bay Harbor Islands, which is currently experiencing a surge in new development activity.
“Once complete, Onda will be a coveted residential retreat in one of Miami’s most desirable neighborhoods,” said developer Ugo Colombo, Founder of CMC Group. “The building’s boutique lifestyle, idyllic bayfront location, and timeless design will make it a standout property for years to come,” added developer Valerio Morabito, CEO of Morabito Properties.
Residences consist of impeccably finished units ranging from two- to four-bedroom plus den floorplans, measuring between 1,809 and 3,535 square feet in size. Four penthouse residences measure up to 5,073 square feet – two of which include private rooftop pool decks. With only a limited selection of residences remaining, inventory is priced between $5 million and $8.4 million.
All residences will feature an office/den, private and semi-private high-speed elevators, floor-to-ceiling, impact-resistant sliding glass doors and windows, spacious tiled terraces with private gardens, open floor layouts with up to 9-foot grand ceiling heights, fully-accessorized Snaidero kitchens with top-of-the-line Miele appliances, bathrooms with Italian marble and wood cabinetry, exquisite Italian flooring throughout, energy-efficient air conditioning and heating systems with ultra-quiet technology, and air and water filtration systems.
Onda – also known as the Italian word for “wave” – is designed by Bernardo Fort-Brescia of Arquitectonica, with interiors imagined by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture, and lush landscaping by award-winning landscape architect Enzo Enea of Enea Garden Design.
Onda’s prime Bay Harbor Islands location offers more than 300 linear feet of bay frontage and sweeping views of Biscayne Bay and the Atlantic Ocean. Among Onda’s most popular features is its private marina with 15 boat slips, which are exclusively available for residents to purchase. The development will also include a water sports launch dock with kayaks, paddle boards and inflatables available for use, in addition to direct ocean access through Miami’s Haulover inlet.
Building amenities will include a rooftop pool deck and lounge area; a state-of-the-art fitness center with Technogym equipment, a yoga studio, a spa with massage treatment rooms, changing facilities, and steam bath and sauna rooms. Onda will also feature personalized services, state of the art security and technology along with a front desk reception, covered valet drop-off area, personal parking spaces, electric vehicle charging stations and bicycle storage, and residential storage space. The building will offer an integrated digital concierge along with readily accessible WiFi throughout all public spaces, and FTTH (fiber to the home) technology for voice, video and high-speed internet.
Colombo and Morabito previously partnered in 2016 to lead the development of Beach House 8, a nearby boutique waterfront condo building on Collins Avenue in Miami Beach. Most recently, Colombo and his firm CMC Group delivered Brickell Flatiron, a 64-story luxury tower in Downtown Miami’s Brickell Financial District. Now, the firm is gearing up to start construction at Vita at Grove Isle, an ultra-luxury boutique condominium development located on the private island of Grove Isle in Miami’s Coconut Grove neighborhood. Morabito is also currently developing Wyncatcher, a mixed-use office development in Miami’s Wynwood Arts District.
Images via CMC Group/ Morabito Properties/ Become Legendary
Shoma Group Reveals Elevated, New Look Renderings Of Shoma Bay In North Bay Village
Miami-based developer Shoma Group has unveiled a fresh new look to Shoma Bay, a 24-story, 333-unit condominium located in the exclusive waterfront community of North Bay Village. The new tower design seamlessly melds a classic art-deco aesthetic with a modern facade while adding community-minded amenities such as a zen garden, grocery delivery room, wine cellar, cigar lounge, and other dynamic features.
Miami-based developer Shoma Group has unveiled a fresh new look to Shoma Bay, a 24-story, 333-unit condominium located in the exclusive waterfront community of North Bay Village. The new tower design seamlessly melds a classic art-deco aesthetic with a modern facade while adding community-minded amenities such as a zen garden, grocery delivery room, wine cellar, cigar lounge, and other dynamic features. With prices starting in the $450,000’s, Shoma Bay is built with a holistic approach to living and caters to those looking to integrate the live, work, wellness, and play lifestyle.
"Every detail and space has been maximized to bring owners a heightened level of comfort and practicality," said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. "We carefully curated this project to deliver a vibrant yet sophisticated experience in one of the world's most exciting cities."
The 2.8-acre mixed-use development will offer furnished studios to three-bedroom units, ranging from 344-square-foot to 2,700-square-foot, with each floor plan designed to maximize efficiency and comfort. The project will be anchored by a 35,037-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and Shoma Bazaar food hall.
"With stunning views, convivial spaces to work or play, and exciting happenings from day to night, Shoma Bay is poised to become a cultural epicenter for its residents and locals," stated Stephanie Shojaee, President of Shoma Group. "We wanted to create a unique yet thoughtful concept, fusing together the local landscape with the quality our company is known for. We teamed up with incredible partners to bring the overall design, and we're looking forward to becoming one of the most sought-after destinations in Miami."
Renowned designer Adriana Hoyos created practical interiors, including all common areas and residences, with sleek design finishes and warm organic tones, allowing each residence to be flooded with natural light.
Ideally situated at 79th Street Causeway and East Treasure Drive, the pedestrian-friendly destination is located near all major highways and the hottest restaurants and retail South Florida offers. ISG World, led by principal and owner Craig Studnicky, is the exclusive brokerage for the property's condos.
Intending to provide residents with an exceptional living experience, Shoma Bay also features several upscale amenities, including a resident lounge and bar, spa, Hammam, golf simulators, fitness center with Technogym equipment, pet spa, and kids club, as well as a 6,030-square-foot pool deck with panoramic water views overlooking Biscayne Bay with a pool, cabanas, and summer kitchen. Additional elements include a library, a 2,600-square-foot coworking business lounge, a lounge with a coffee bar and areas for gaming and movie watching, assigned gated parking, electric vehicle charging stations, a designated bike room, and storage spaces.
Shoma Bay is designed by MSA Architects and is located at 1850 John F. Kennedy Causeway in North Bay Village. It is slated to break ground in the summer of 2023 and is expected to take 18 months to complete.
Kith Opens Miami Design District Flagship Complete With Major Food Group's Sadelle's at Kith And Kith Treats
Kith has opened its second Miami location in Miami Design District, including Miami’s inaugural Sadelle’s at Kith restaurant with Major Food Group and a standalone Kith Treats store. This new store is two stories and will carry Kith’s in-house and multi-brand ready-to-wear, accessories and footwear offerings for men, women and kids. Established in 2011, Kith is both a multifunctional lifestyle brand as well as a progressive retail establishment.
Kith has opened its second Miami location in Miami Design District, including Miami’s inaugural Sadelle’s at Kith restaurant with Major Food Group and a standalone Kith Treats store. This new store is two stories and will carry Kith’s in-house and multi-brand ready-to-wear, accessories and footwear offerings for men, women and kids. Established in 2011, Kith is both a multifunctional lifestyle brand as well as a progressive retail establishment. Kith offer an array of premium products, ranging from their own in-house label to a highly-curated luxury selection of multi-brand apparel and footwear.
The Kith Miami Design District concept mirrors that of Kith’s signature retail designs, transposed against details that embody modern elements the Miami neighborhood is known for. With this retail expansion Kith continues to offer its customers a unique shopping experience reflective of the location’s environment.
The brand’s quintessential neutral color palette is juxtaposed alongside vibrant shades of green, incorporated through the interior landscape design as a small nod to Miami’s natural beauty. Santa Margherita Rosa Perlino, Perlato Royal and Carrara marble floors and structures are woven alongside wavy fluted plaster, birch wood, brass and painted gypsum throughout both floors. The result is a sophisticated atmosphere that is light and expansive, as designed by Kith’s Founder and Creative Director Ronnie Fieg.
“Evolving and expanding our spaces with tact is as challenging as it is motivating. Each store must feel completely unique while retaining the red thread that runs through all of our flagships. Our new Miami Design District location feels like a true notch in our timeline. It marks our first standalone Kith Treats bar, as well as our first US Sadelle’s at Kith restaurant. After opening our first one in Paris with Jeff and Major Food Group a few years ago, I’m excited to bring our partnership to Miami.” - Ronnie Fieg, Founder and Creative Director, Kith.
Upon entering, a circular structure centers the space separating the menswear from the womenswear. A deep hallway of changing rooms with birch paneled walls and ceilings is located at the rear of the showroom. Floor to ceiling windows flood the staircase with natural light, providing strong visual contrast against the white floating steps that connect the main level to the second floor. Once upstairs, customers are met with ribbed fabric walls across the expansive circular shoe room, providing a moment of warmth against the otherwise minimal design.
Further into the second floor is Sadelle’s at Kith bringing Major Food Group’s renowned New York restaurant to the Miami Design District. Kith and Major first collaborated on Sadelle’s at Kith Paris before expanding the brand with the Miami opening. White washed ash walls with picture frame molding are met by a checkerboard floor, fluted ming green counter and fluted Carrara marble header, creating a space that is both polished and inviting. Sadelle’s at Kith Miami will offer the restaurant's signature menu items including its infamous brunch.
"Major Food Group and Kith's partnership developed naturally out of mutual respect and our shared New York DNA. Our first collaboration launched in Paris, and we couldn’t be more proud to bring our beloved Sadelle's to our new home in the Miami Design District.” Said Jeff Zalaznick, Major Food Group Co-Founder.
In addition, Kith introduces the brand's first permanent standalone Kith Treats outpost, located directly across the street from Kith’s retail location, at 84 NE 41st Street. A circular bar of Rosa Portugalo marble centralizes the 1,000 square foot space against Carrara marble barstools and stainless-steel accents, highlighted by Kith Treats’ discernible parlor-style cereal canister wall. The location will serve new exclusive Signature Specials created by friends and family of Kith, and for guests seated at the counter, an extended menu of original Belgian waffle offerings with custom Kith branding. The space will also stock the brand’s global inline apparel capsules.
Kith was founded by Ronnie Fieg, a prominent figure in the footwear industry, who has over twenty years of hands-on experience. Conceptualizing Kith as an extension of himself, Fieg seeks to shift the current landscape of fashion, while operating under a personal philosophy of giving the consumer more than what they pay for.
To celebrate the opening, Ronnie Fieg and ASICS reprise their long-standing partnership by introducing the GEL-LYTE III Remastered – Super Yellow. A return of the exact dimensions featured on the inaugural pair that Fieg introduced in 2007 when he began his partnership with the brand. The silhouette features original key GEL-LYTE III elements including a nubuck upper, split tongue and the classic form stripes that the brand is known for in a suede orange execution. The duo also brought back the original ASICS box and hang tags.
The Ronnie Fieg for ASICS GEL-LYTE III Remastered – Super Yellow will commemorate the opening of the Kith Miami Design District flagship. It will launch later at Kith’s international locations as well as Kith.com & EU.Kith.com.
Kith Miami Design District is located at 69 NE 41st Street Miami, Florida 33137.
Images via Kith and Miami Design District
Pacific & Orient Properties Reveals And Breaks Ground On Japanese-Inspired 7918 West Drive North Bay Village Luxury Condo
Pacific & Orient Properties, LLC has revealed and broken ground on the limited edition Japanese-inspired 7918 West Drive, the first luxury waterfront condominium to break ground in North Bay Village in over a decade. Located at 7918 West Drive, the 21-story, 54-residence elegant waterfront condominium development is both uniquely designed and technologically advanced.
Pacific & Orient Properties, LLC has revealed and broken ground on the limited edition Japanese-inspired 7918 West Drive, the first luxury waterfront condominium to break ground in North Bay Village in over a decade. Located at 7918 West Drive, the 21-story, 54-residence elegant waterfront condominium development is both uniquely designed and technologically advanced. 7918 West Drive is developed by Pacific & Orient Properties, LLC, a subsidiary of Kuala Lumpur-based Pacific & Orient Berhad. The estimated completion date for the development is March of 2025.
Situated on a 33,600-square-foot lot in North Bay Village, 7918 West Drive sits on the Intracoastal Waterway between El Portal and Normandy Isles. Surrounded by water near a natural preserve, it is located directly on Biscayne Bay and close to both Biscayne Blvd as well as Miami Beach. 7918 West Drive’s advanced technology will include customized software automatization for the latest in privacy, security and convenience. Each unit will feature a high-speed fiber internet IT control center.
A limited edition contemporary development, 7918 West Drive features panoramic views: North Bay Village and Biscayne Bay to the east, a public park to the north, low buildings to the south and uninterrupted water views to the west.
“A chic, serene retreat, 7918 is situated just far enough away from the hustle and bustle of the city, yet centrally located to exciting attractions,” said Maurizio Pejoves, director of Pacific & Orient Properties. “Merging innovative design and luxury with advanced technology, it is an architectural masterpiece,” he continued.
World-renowned designer Juan Azulay, founder and director of MTTR mgmt, an award-winning creative practice, is the project architect. Using digital design parametric methodologies to optimize the building’s form, Azulay creates undulating panel forms, non-repeating intercut balconies that affect shadows and light lines of lower floor balconies, and an open area system ― a distinctive design that looks to the future.
The customized residences, ranging from 1,677–7,086 square feet total, will have a minimum of two bedrooms, with at least two view exposures to Biscayne Bay. All three-bedroom units will be corner units, and limited to four units per floor. The 3,661-square-foot penthouse will feature five bedrooms, five bathrooms, one half-bathroom, a 1,232-square-foot balcony, and more. None of the residences will be alike in terms of area, glass-line and balcony-interior layout relationships.
Residences will feature a state-of-the-art German Siematic kitchen with Cosentino/Dekton countertops, Miele appliances with mobile technology connection, and Hansgrohe and Kohler plumbing fixtures. Bathrooms will include Dekton finishes and countertops, Spanish quality finishes by Iberia, and an innovative Viega plumbing system. Large balconies will provide a relaxing “indoor-outdoor” lifestyle.
7918 West Drive will feature 15,224 square feet of common areas, 148 parking spaces and 34 storage units. The development will include a pedestrian walkway along Biscayne Bay. Amenities will include a swimming pool, fitness center, elevated garden, club room and state of the art fully equipped Chef’s kitchen.
Thornton Residential is the general contractor for the project. Thornton Residential has been servicing the South Florida region for the last two decades, continually working with some of South Florida’s largest clients; a testament to their quality work and ability to deliver great projects. Combined, they have constructed over $1 billion in the South Florida region. Their experience with various facility types has sharpened their skills, allowing them to understand how to quickly identify and resolve each project’s unique challenges.
For more information about 7918 West Drive, private showings or purchasing/ leasing information please fill out the form below:
Bentley Residences Miami hosted the Torcal’s Florida debut, pairing Bentley’s first fully electric production vehicle with a tour of its model residence and private garage.