Nick Kyrgios Spotted Shopping For Miami Real Estate at E11EVEN Residences Beyond in Downtown Miami's District 11

No Wimbledon, No Problem: Controversial Australian tennis star Nick Kyrgios pulled out of the 2023 Wimbledon last minute due to a wrist injury but seems to be enjoying himself away from the court while he rehabs his wrist. At the 2022 Wimbledon, Kyrgios lost in the finals to Novak Djokovic, who, on Sunday (July 9, 2023), was back in London playing at Wimbledon, where he won an intense match against Herbert Hurkacz to advance to the quarterfinals. Meanwhile, Kyrgios is super relaxed and having tons of fun in Miami.

On Monday, he was seen shopping for Miami’s hottest real estate E11EVEN Residences Beyond located in the iconic District 11. Developed by E11EVEN Partners and PMG, the famed E11EVEN Residences Beyond recently announced exclusive social club The Clayton will join its lineup and the tower has been expanded to offer more inventory and amenity space, keeping the party going 24/11. The all-star and his girlfriend both tried out the YUPIX Meta-Reality™ Experience that allowed the couple to virtually walk through their possible future Miami crash pad. They were especially drawn to the access to flourishing nightlife in the neighborhood, as well as luxury amenities, services and access to exclusive member clubs, restaurants and entertainment venues in Miami’s hottest entertainment destination.

On Sunday evening, Kyrgios and his girlfriend, Costeen Hatzi, were also seen dining at Giselle, the new restaurant located on the rooftop of E11EVEN Miami. Businessman Romie Chaudhari joined the couple as they indulged in Ocean Breeze Oysters, Mediterranean Branzino, Skirt Steak, Bluefin Tuna Truffle Cones, and cocktails including the Rendezvous With You made with E11EVEN Vodka. The happy couple seemed very lovey and even posted on Instagram about their night out in the magic city.

Centrally located in Downtown Miami’s District 11, E11EVEN Residences Beyond and E11EVEN Hotel & Residences Miami offers a resort-style, entertainment-driven experience and destination – the first of its kind in the Southeastern United States. Floor plans at both of its towers range from studios to two bedrooms in addition to a presidential collection and penthouse suites. Each unit comes equipped with fully-integrated “smart building” features, Subzero and Wolf appliances, custom ITALKRAFT Italian cabinetry, top-level finishes, and designer-curated furnishings. The soaring 65-story towers will be designed by internationally renowned Sieger Suarez Architects with interiors by award-winning design firm AvroKO.

Amenities for E11EVEN Residences Beyond and E11EVEN Hotel & Residences include a world-class Chopra Spa & Studio, a five-star restaurant collection by Riviera Dining Group, a casino-style sports lounge, a world-class med spa, a rooftop pool and bar, and an E11EVEN day club and pool on the 11th floor. In addition to the first tower's amenities, buyers at E11EVEN Residences Beyond will have ultra-exclusive access to the E11EVEN Beyond Members Social Club and private facilities only available to residents of the second tower including a helipad, a signature restaurant, fully staffed executive office suites, and a state-of-the-art fitness center, as well as the expanded resort-style pool.

PMG and Greybrook Lock Down $226 Million Construction Loan For Phase 2 Of Society Las Olas

Leading real estate development firm PMG and private equity firm Greybrook have secured $226 million in construction financing for phase two of Society Las Olas, a 42-story apartment community located in Downtown Fort Lauderdale at 140 SW 2nd St. The loan was provided by Related Fund Management and Lubert-Adler. John Moriarty & Associates is the general contractor of Society Las Olas’ second phase, which is currently completing groundwork and is slated for completion in Q1 2026. Society Las Olas’ first phase was sold in 2021.

“The redevelopment of the Riverfront district in Downtown Fort Lauderdale has been a beloved effort by our team. The first phase of Society Las Olas was the flagship property under the Society Living portfolio and established a true community hub, bringing quality residential product to the market, activating the riverfront promenade through stand-out retail tenants, and beautifying the space with extraordinary art installations,” said Ryan Shear, Managing Partner at PMG. “We look forward to continuing the construction of Society Las Olas’ second phase alongside our partners and lenders. Downtown Fort Lauderdale is an immensely desirable destination, and we are confident this second tower will meet strong demand while extending the impact of Society Las Olas as a landmark project for the city.”

The transaction was led by PMG’s Capital Markets team, Andrew Warman, Jon Blank and Paton Marion in coordination with in-house counsels Lowell Plotkin, Lindsay Davis and Scott Buscemi. PMG was represented by Kramer Levin Naftalis & Frankel alongside Saul Ewing.

Designed by FSMY Architects + Planners, the second phase of Society Las Olas Slated will include 563 rental units, offering a blend of traditional units with efficient layouts and “Rent-by-Bedroom,” or co-living options. It also will include 1,625 square feet of ground floor retail space in addition to an impressively vast array of amenities, including a coworking lab with private meeting rooms, a massive pool deck and yoga lawn, and a large modern fitness center. A proprietary mobile app will enable keyless entry and allow residents to manage guest lists and access, adjust smart thermostats, send notifications about packages, manage payments and maintenance requests, and register for community events.

“With the first phase of Society Las Olas having been so well-received as part of the Riverfront’s revitalization effort, we are keen to further advance our phase two plans and complete the project for the benefit of a variety of stakeholders” said Sami Mouaket, Director of U.S. Investments and Developments at Greybrook.

Society Las Olas’ second phase is among a growing national portfolio of Society Living communities in various stages of development. Launched in 2019, PMG created the Society Living multifamily brand to address the insatiable demand for reasonably priced rental housing in the most desirable locations, where neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that encourage personal growth and inclusivity. With over 8,500 units planned, development of Society Living properties is underway in Miami, Atlanta, Orlando, Nashville, Denver and Brooklyn, with more to be announced. With more than 32 years of experience and a nationwide presence, PMG has delivered more than $11B in assets with impeccable attention to execution and detail. PMG is currently developing The Waldorf Astoria Miami, E11EVEN Hotel & Residences, E11EVEN Residences Beyond, and West Eleventh Residences, amongst others.

Honoring Tradition, Defining the Future: The St. Regis Residences, Miami

The St. Regis New York, founded by the visionary John Jacob Astor IV in 1904, played a pivotal role in the evolution of New York City’s Fifth Avenue. Rising as the tallest structure of its time, this architectural masterpiece not only reshaped Manhattan’s skyline, but also served as a pioneering model for innovation and excellence that revolutionized the hospitality industry.

Today, that timeless legacy is being carried forward by industry leaders Related Group (Related) and Integra Investments (Integra) with The St. Regis Residences, Miami (The Residences).

Nestled along Miami's prestigious Brickell Avenue, this once-in-a-generation tower stands as an emblem of grandeur, creating an awe-inspiring and instantly recognizable icon that marks the most exclusive development in the sought-after South Brickell neighborhood. The Residences’ boutique format features only 152 condominium homes spread across 50 stories.

Every inch of the tower is being painstakingly curated and manicured, designed by a visionary team, with architecture by the esteemed Robert A.M. Stern Architects (RAMSA) and interiors by the highly acclaimed Rockwell Group. As RAMSA’s first residential development in South Florida, the team leaned into their signature modern classicism style, drawing inspiration from elegant gold-age ocean liners at sea. The end-result is a stunning monolith with a sweeping bell-shaped footprint, evoking Miami's Art Deco heritage while embracing a modern aesthetic.

"At The Residences, the rich legacy of St. Regis Hotels & Resorts is embraced in its entirety. Beyond mere design and development, the brand's ethos manifests through access to iconic services and timeless traditions,” says Nick Pérez, President of Related Group’s Condominium Division. “Not only will residents be able to enjoy the hotel flag’s established services, including its afternoon teas and midnight suppers, they’ll also have access to a modern interpretation of the Gilded Age butler service offered at the flagship hotel in New York City.”

The interior spaces seamlessly blend leisure and refined elegance, capturing the essence of Miami's coastal lifestyle while honoring St. Regis’ commitment to excellence. Buyers can choose from a variety of floor plans, including lavish sky villas, top of the line penthouses and even two stand-alone homes. Ranging from 2,600 to an impressive 10,000 square feet, these homes are more akin to vertical mansions, complete with expansive outdoor terraces and spacious layouts.

Each condominium home, ranging from two to six bedrooms, is adorned with lavish finishes throughout. The grand floor plans include private elevators and entry foyers, double-door entry, European flooring throughout, integrated smart home technology, as well as oversized walk-in closets, spa-like bathrooms and more. The kitchens are perfect for entertaining, equipped with top-of-the-line Sub-Zero and Wolf appliances, custom Italian cabinetry designed by Rockwell Group, and imported natural stone countertops and backsplashes.

Residents will experience one of the most robust amenity packages on the market, with more than 50,000 square feet of indoor and outdoor spaces, including a professional-grade fitness center with a pilates and yoga studio; a full-size pickleball court; a private marina; a world-class spa and holistic wellness center; an indoor lap pool; and the iconic St. Regis Tea Room. Lush landscaping and park-like grounds, designed by the acclaimed Swiss design firm Enea Garden Design, further enhances the ambiance.

The tower also boasts some of the best dining options in Brickell, including the iconic St. Regis Tea Room and a residents-only, fine-dining restaurant by Michelin-starred chef Fabio Trabocchi. With an internationally acclaimed chef and restaurateur at the helm, St. Regis Residences brings an entirely new meaning to the phrase “dining in.”

“The St. Regis clientele know exactly what they want and we’re delivering just that,” adds Pérez. “No detail is too small. Everything from the doorknobs, to the light fixtures, to the on-site art collection is being selected, designed and constructed with intention.”

The Residences is over 50 percent reserved and is converting reservations to contracts. The sales gallery was recently unveiled in May, providing a glimpse into the elevated lifestyle that awaits residents of this prestigious address. ONE Sotheby’s International Realty is the exclusive sales and marketing partner for The Residences. For more information, please call (786) 713-3562 or visit miamisrr.com.

Diesel Opens New Location In Miami Design District

Diesel has opened a new store in the heart of Miami’s Design District. Located at located at 81 NE 41st Street, the space reflects the brand’s signature bold attitude and its recent transformation under the Creative Direction of Glenn Martens. This store also introduces a new retail design concept that will serve as the visual vocabulary connecting Diesel’s global store fleet.

Envisioned as a fresh, powerful expression of Diesel’s design edge and identity, the store is anchored by a glass façade framed in signature Diesel red with the brand’s red-and-white Biscotto logo. Inside, the 1,900-square-foot space spans two floors, where clients can discover the full breadth of the Diesel collection, including denim, ready-to-wear, bags, shoes, accessories, and fragrance. Additionally, the Miami Design District store will carry a limited-edition, 9-piece capsule collection exclusive to this location. Denim jackets, jeans, heels, and the “D-Vina” handbag feature Diesel’s proprietary “Solarizing” process of replicating sun bleaching denim, while hand-applying a metallic foil to each piece. Tank tops and a mini dress made of rib cotton, also shine with the metallic foil coating, and appear to be purposely wrinkled, for a lived-in look.

Upon entering, guests are immersed in an open industrial space with concrete floors, high ceilings and walls covered in riveted raw metal panels. Some walls are naked silver steel, others are painted red to match the sculptural, modern spiral staircase at the back of the store that connects the first and second floors. Throughout the space, minimalist red leather couches and streamlined silver fixtures create a strong sense of structure with a touch of softness.

The ground floor is dedicated to Diesel accessories like timeframes, jewelry, sunglasses, small leather goods, and the best-selling 1DR bag displayed on silver shelving and smashed metal cases, along with fragrances. The second floor is devoted to the world of Diesel denim (including DNA Denim and Rehab Denim) ready-to-wear, and footwear.

Diesel is an innovative international lifestyle company, founded by Renzo Rosso in 1978. Rooted in denim mastery and evolved into being a leader in premium fashion, Diesel is now a true alternative to the established luxury market. The brand’s collections include apparel, accessories and a wide range of lifestyle collaborations: from fragrances, watches and jewellery, to interior design and real estate projects with Diesel Living.

The Miami Design District is a one-of-a-kind neighborhood that combines luxury shopping, galleries, museums, design stores, restaurants and major art and design installations all within an architecturally significant context. The Miami Design District is owned and operated by Miami Design District Associates, a partnership between Dacra, founded and owned by visionary entrepreneur Craig Robins, and L Catterton Real Estate, a global real estate development and investment fund, specializing in creating luxury shopping destinations.

Images via Diesel

MG Developer Locks Down $67.5 Million Construction Loan For The Village at Coral Gables

MG Developer, led by Alirio Torrealba, announces it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July.

Exclusively sold by One Sotheby’s International Realty, The Village at Coral Gables, located at 535 Santander Avenue, is a 48-residence collection featuring: Townhomes, Lofts, Villas, and Flats. The assembly of the project will pay homage to the aesthetic beauty and lifestyle of Seville, Spain, and continue the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.” This new enclave is being created to honor the city’s past while building for discerning buyers looking for modern-day luxurious comforts.

“We are truly excited to now be entering the construction phase of The Village at Coral Gables”, said Alirio Torrealba, CEO of MG Developer. “It’s been a true labor of love, from the initial planning phase to now. I couldn’t be prouder to be partnering with Churchill to provide the financing for this highly anticipated community. We are looking forward to a fruitful and long-term relationship for more projects in the future that will continue to elevate the City of Coral Gables.”

The Village at Coral Gables will be set throughout 17 lots, bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. The townhomes, lofts, villas, and flats will vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. Inspired by Merrick’s seven villages, The Village at Coral Gables will be built in a Mediterranean Revival-Style Architecture, designed by De La Guardia Victoria Architects & Urbanists, and integrate gardens, courtyards, and fountains inspired by the alcoves in the Plaza de España.

“We are thrilled to partner with MG Developer for the financing of The Village at Coral Gables,” added Jeff Rosenfeld who, along with Sean Robertson, Co-Heads Originations at Churchill Real Estate. “MG Developer has a strong track record of delivering exceptional projects, and we are excited about MG bringing this highly anticipated development to life. We are excited to support MG Developer in their commitment to elevating The City Beautiful and look forward to our continued partnership and future projects."

The classic yet modern village will also feature thoughtful recreational amenities that emanate a contemporary and tropical ambiance, and a color scheme that blends natural tones with lush green foliage, and hints of gold décor accents. Featuring a wellness clubhouse of nearly 4,000 square feet, an indoor and outdoor terrace lounge that is ideal for events and gatherings; a fitness wing; a luxurious plunge pool as well as a library and conference center; perfect for residents who enjoy working remotely and are looking for all the office amenities like high-speed wi-fi and a large monitor screen to host virtual meetings and more. The impeccably designed amenity spaces elevate the standard for modern living in historic Coral Gables.

The verdant canopy streets that surround The Village at Coral Gables evoke the serenity of quiet countryside and it feels like living in the suburbs, but residents will enjoy living within walking distance of Downtown Coral Gables. The development is close to the new Plaza, South Florida’s most sought-after golf courses, the new Lowe’s Hotel, the Biltmore Hotel, cultural attractions, and the best dining venues in Miami. With everything The Village at Coral Gables has to offer, combined with its stunning design and lifestyle, it is poised to become the most desired living destination in South Florida.

The stunning, state-of-the-art, showroom for The Village at Coral Gables provides a sneak preview into the curated interiors and furnishings that were selected from RH (Restoration Hardware), which have proven their design leadership in the luxury lifestyle market. The showroom is open Monday through Friday from 10 a.m. to 5 p.m., Saturdays from 11:00 a.m. to 3:00 p.m., and Sundays from 12:00 to 4:00 p.m. Located at 2990 Ponce de Leon Boulevard, Suite 101. For more information, please visit www.mgdeveloper.com.

MG Developer, led by Alirio Torrealba, is one of South Florida’s most active residential developers having completed its newest project, Althea Row, which nearly sold out in less than 90 days. MG will soon wrap up its Biltmore Square community, as it completes Biltmore Row, the 10 exclusive townhomes featuring a total of 5,561 square feet each, with elaborate coralline-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture.

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Renderings via MG Developer

Reserve to Open World-Class Padel Club at SoLé Mia

Reserve, the leading lifestyle padel brand established by entrepreneur Wayne Boich, in collaboration with SoLé Mia, the 184-acre, master planned North Miami community developed by LeFrak and Turnberry, today announce the anticipated addition of Reserve Padel club to the growing development project, expected to open fall 2024. Serving as the brand’s first permanent location in the world, Reserve Padel at SoLé Mia, will be located at 2251 NE 146th Street and will span approximately 100,000 square feet of land. On the heels of opening successful popups in Miami and New York City’s Hudson Yards, Reserve will redefine the standard of recreational excellence and deliver a world-class sporting experience to the SoLé Mia community.

Featuring four indoor and six outdoor padel courts, two pickleball courts, elevated viewing areas and social spaces, and a second-floor state-of-the-art gym and wellness center, Reserve Padel at SoLé Mia will be a premier, two-story padel club complete with a steam room, sauna, cold plunge, and top-level workout facility. The venue will also house an on-site eatery by South Florida health food hotspot Pura Vida, which will extend a full menu of healthy food and organic juice options for guests and boast an expansive terrace overlooking the central court.

“I am excited to introduce Reserve and the exhilarating sport of padel to a new audience within SoLé Mia, and to establish a first-rate padel club that caters to local residents and visitors,” said Wayne Boich, Founder of Reserve. “SoLé Mia is already shaping up to be one of the city's most vibrant new neighborhoods and the perfect home for Reserve Padel club. This partnership promises to bring the excitement and energy of padel to a whole new level for Miami.”

Jackie Soffer, Chairman and CEO of Turnberry, added, “Reserve Padel at SoLé Mia is an amazing addition to the healthy, active lifestyle we have created. Whether it’s a resident playing on a Wednesday afternoon, a UHealth doctor winding down after their shift, or young players forming a weekend padel team, Reserve is going to be an integral part of SoLé Mia’s resort-caliber experience.”

Reserve Padel at SoLé Mia will open to the public with an added exclusive membership component that will provide specific privileges like priority court bookings, access to special events, and access to the second-floor health & wellness facility. Additionally, the club will play host to special tournaments, events, exhibitions, corporate outings, all level clinics, and curated kid’s programs; and will house two separate pickleball courts within.

Reserve Padel at SoLé Mia will amplify the lifestyle at the master-planned development, a vibrant urban oasis and one of the most desirable new places to live in Miami. The community is centered around wellness with sprawling, resort-inspired features such as a seven-acre, swimmable freshwater lagoon, eight miles of jogging and bike paths and 37 acres of landscaped open space. Combining the best of luxury living surrounded by nature and recreational amenities, SoLé Mia is currently home to more than a thousand residents and will have 4,390 residences, 1.5 million square feet of commercial activity including the University of Miami Medical Center’s largest world-class outpatient medical facility, UHealth, as well as a charter school and more when complete.

Fisher Brothers Reveals Wynhouse Miami, Mixed-Use Multifamily Development in Wynwood

Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, today announced the start of construction of Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 square feet of ground floor retail and paseo space and nearly 25,000 square feet of expansive indoor and outdoor amenities.

Located at 2200 NW First Avenue, this highly-amenitized development will transform the thriving Wynwood neighborhood with grand displays of public art across its facade and two public passageways, known as paseos, that will encourage pedestrians to engage with the building, community spaces and ground-floor retail. The project is being built by Suffolk Construction and substantial completion is anticipated for January 2025. $117.5 million in financing was jointly provided by JP Morgan Chase and affiliates of Canyon Partners. Additionally, the company selected Wynhouse Miami for its first-ever offering on CrowdStreet, the online real estate crowdfunding platform. This opportunity is still ongoing.

Wynhouse Miami is Fisher Brothers’ latest multifamily development within its House brand, a collection of highly-amenitized, design-forward properties purpose built to fit into the contextual fabric of the neighborhood in which it resides. Earlier projects completed as part of the House brand include House 39, which features 297 residences in the Murray Hill neighborhood of New York City and Station House, which offers 378 apartments in Washington DC.

“Wynwood is a thriving neighborhood buzzing with energy at any given moment,” said Winston Fisher, Partner at Fisher Brothers. “We are excited to unveil our latest project in Fisher Brothers’ House brand of design-forward residential communities that complement the existing culture and liveliness of the neighborhood with a project of such distinct, innovative character. It’s been a pleasure working with the design team to bring our eclectic vision for Wynhouse Miami to life.”

Designed by ID & Design International (IDDI), Wynhouse Miami’s residences range from 474 to 1,405 square feet and feature a mix of studio, one- and two-bedroom floorplans, along with select penthouse units. IDDI implemented neutral tones with bold, colorful accents within the units’ interiors to complement the artistic, diverse community of Wynwood.

“As a South Florida-based interior design firm specializing in hospitality and multifamily developments, we took a deep dive approach to the design of Wynhouse Miami based on our fundamental understanding of the specific demographics and characteristics of this unique market,” said Sherif Ayad, President and CEO of ID & Design International. “This intimate knowledge of the Miami lifestyle resulted in modern residences that reflect the one-of-a-kind, inspired vibe of Wynwood.”

Building architect Nichols Architects meticulously examined Wynwood’s existing culture and rich history while designing the project. Known for its captivating graffiti street art, the Wynwood neighborhood has evolved from an abandoned warehouse zone into a thriving district with hidden entrances, surprising corridors and a network of connected alleyways – elements that became the starting point for the design of Wynhouse Miami. Nichols Architects incorporated two paseos that will enhance the pedestrian experience and increase connectivity for the neighborhood by allowing residents and the public to flow through the ground-floor community spaces and enjoy the retail offerings.

“The project pays homage to the industrial, craft-oriented nature of the historic neighborhood,” said Andrew James, Principal of Nichols Architects. “At the same time, the contemporary identity of Wynwood is being reinforced by the paseos, which will enhance the pedestrian realm, and the application of art throughout the development, which integrates a special emphasis on how the art will be perceived from the street and surrounding area.”

Wynhouse Miami will feature thoughtfully-curated indoor and outdoor amenities designed by award-winning interdisciplinary architecture and design firm Rockwell Group to emulate the bustling arts and culture scene in Wynwood. Located on the lobby, second floor and roof, the building’s amenities are active spaces that will enhance the lifestyle of residents, acting as an extension of their homes. Upon entering the lobby level, residents will be greeted by an eclectic and artistic lounge. The second floor features a lawn area, fitness center, co-working lounge with meeting and individual conference rooms, entertainment lounge, creative lounge and expo kitchen, all of which are connected by a multi-story, indoor-outdoor courtyard that will be wrapped with planters and seating to create a peaceful sanctuary for residents. On the rooftop, residents will enjoy a pool, spa, outdoor entertainment space and barbeque area, boasting sweeping views of the exciting surrounding neighborhood and the nearby skyline of Downtown Miami.

"Wynwood is like a contemporary art museum turned inside out,” said David Rockwell, Founder and President of Rockwell Group. “We wanted to bring the energy and creativity of the streets into Wynhouse Miami, with a celebration of industrial materials that link the lounges, bars, and courtyards to the history of the area."

“Wynwood is one of the largest and most prominent creative communities in the United States that has undergone a transformation over the past few years. We are thrilled to welcome a new project to continue to shape the neighborhood’s next chapter that pays homage to its unique and distinct character,” said Manny Gonzalez, Executive Director of the Wynwood Business Improvement District.

National enterprise and builder Suffolk was chosen for its successful track record on complex and sophisticated projects and its reputation as a respected and successful general contractor in Florida. Known for its client service and diversification across sectors, Suffolk is an industry-leader in innovation and leveraging new technologies that elevate the construction process and contribute to more predictable outcomes.

“We are excited about our collaboration with Fisher Brothers and our partners as we transform the vision of this project into reality,” said Jay Fayette, President of Suffolk East Coast Florida. “Our team is thrilled to implement Suffolk’s unique approach to construction and sophisticated technologies to help deliver a seamless and predictable project for our client and a mixed-use building that will make the community proud.”

Fisher Brothers has a longstanding commitment to delivering innovative, thoughtful developments that celebrate and enhance the community’s character. Wynhouse Miami represents this tradition and is reflective of the firm’s active expansion to key markets throughout the U.S. Recently, the firm announced that the AREA15 district in Las Vegas, home to immersive retail and entertainment, will expand by 20 acres, anchored by a year-round, horror themed attraction from Universal Parks and Resorts.

Renderings via Fisher Brothers

MG Developer Appoints Diego Torrealba As Senior Vice President

MG Developer, a residential developer with headquarters in Coral Gables and currently the most active developer in Hialeah, is pleased to announce that it has named Diego Torrealba as its new Senior Vice President of Real Estate Development at MG Developer.

Torrealba brings a wealth of industry experience and expertise to his new role. Prior to this promotion he was the Vice President of Real Estate Development at MG Developer and was responsible for the management of investor and lender relations, he reported for $400M in active development projects, assisted with negotiations for all projects, and evaluated investment opportunities.

“We are thrilled to appoint Diego as our new Senior Vice President,” said Alirio Torrealba, CEO of MG Developer. “Diego’s academic achievements, professional experience, and dedication to our company’s vision make him the perfect fit for this role. We are confident that under Diego’s leadership, MG will continue to thrive in the real estate industry.”

Torrealba’s involvement in the family business is a testament to his deep commitment and passion for the company’s continued growth and success. His proven leadership, combined with his fresh perspective, will continue MG Developer’s ongoing achievements.

Diego Torrealba’s promotion comes on the heels of being accepted into the Miami Herbert Business School to attain a Master of Business Administration in the Accelerated MBA in Real Estate Program and his recent graduation from Boston University, where he earned a Bachelor of Science degree in Economics. Throughout his academic journey, he distinguished himself both in the classroom and on the field as a member of the university’s Division 1 soccer team.

“We are very pleased to welcome Diego Torrealba into UM’s Master of Business Administration in Real Estate noted Dr. Andrea Heuson, Professor of Finance and Academic Director of Real Estate Programs at Miami Herbert. We look forward to seeing his growth and evolution in our institution. We are confident that with the skill set, he attains through his journey with us, he will accomplish great things in his real estate career and make a meaningful impact in South Florida.”

Diego currently serves as a member of the Coral Gables Museum Young Associates board and holds a real estate sales agent license with One Sotheby’s International Realty.

Under the leadership of Alirio Torrealba, MG Developer is a residential property development company based in Coral Gables, Florida offering a wide range of real estate services, including concept creation, property site selection, and project advancement. Torrealba has already completed 11 developments and has more than $600 million in developments in planning throughout Miami, establishing MG as one of the most active developers in South Florida today.

For more information, please visit www.mgdevelopermiami.com.

Step Inside A Contemporary Waterfront Estate In Boca Raton's Prestigious 'The Sanctuary' Community Asking $16 Million

A newly constructed contemporary waterfront estate located in Boca Raton’s prestigious community, The Sanctuary, has listed for $16 million. The brand-new residence offers a bright and cheerful Southern Exposure, bathing the home in natural light, as well as captivating 30 ft ceilings at the entry, creating magnificent art walls, a blank canvas for any art enthusiast. The newly constructed 8,826-square-foot residence comprises six bedrooms and ten bathrooms and is a work of architectural brilliance with impeccable modern craftsmanship.

The home’s focal point, a suspended vapor fireplace hangs in the living room, provides a sense of coziness with a contemporary touch. The ultra-modern feature is complemented by glass-enclosed wine storage in the adjacent dining room.

The home also features a gourmet kitchen, equipped with top-of-the-line Sub Zero and Wolf appliances No detail has been overlooked, from the impact windows ensuring security and peace of mind to the convenience of an elevator for easy access to all levels. Stay fit and active in the private gym, and enjoy the modern convenience of a Crestron Smart Home System.

The highly amenitized club room bar seamlessly opens to the covered lanai featuring a BBQ area with a well equipped summer kitchen and a built-in grill, overlooks the infinity pool, spa, and tranquil waterway. Additional amenities include an outdoor shower, elevator, wet bar, and more.

The Sanctuary is a highly sought-after gated community nestled in East Boca, surrounded by lush landscaping and offering 24-hour armed security for peace of mind. Enjoy the convenience of being just moments away from Boca's beautiful beaches, parks, and an array of shopping, dining, and nightlife options.

650 Tern Point Circle is currently listed with Oren Alexander of The Alexander Team at OFFICIAL.

Images via The Alexander Team

PROFILEmiami & MG Developer Present: An Exploration Into Capital Markets Coral Gables

PROFILEmiami and MG Developer are pleased to present ‘An Exploration into Capital Markets Coral Gables’, a immersive panel event exploring capital markets and real estate development in South Florida with an emphasis on Miami’s Coral Gables neighborhood. The evening will include an in-depth discussion on Capital Markets along with cocktails and networking at MG Developer’s Village at Coral Gables sales gallery in the heart of Coral Gables.

The relaxed and open setting provides an opportunity for attendees to learn about the current and future state of South Florida’s Capital Markets in Coral Gables, one of Miami’s hotbed neighborhoods for business and development. The lavish showroom provides an intimate yet luxurious setting to enjoy cocktails and bites by Coral Gables staple Zucca while networking with some of South Florida’s preeminent real estate leaders. The engaging panel will feature keynote speakers Catie Naranjo, CDO at MG Developer; Scott Wadler of Berkadia, Melissa Tapanes, a partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC; and Ayush Kapahi, Founder at HKS; moderated by Demetri Demascus of PROFILEmiami.

The stunning, state-of-the-art, showroom for The Village at Coral Gables provides a sneak preview into the curated interiors and furnishings that were selected from RH (Restoration Hardware), which have proven their design leadership in the luxury lifestyle market. MG Developer, led by Alirio Torrealba, announced on July 5, 2023 that it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July.

Why Coral Gables?

Coral Gables has been one of Miami’s main business and residential districts since George Merrick first incorporated the city in 1925. Coral Gables is home to the University of Miami, one of the nation's leading private research universities which also features one of the nation’s leading real estate programs. The city began as a Mediterranean-themed planned community known for its historic and affluent character reinforced by its strict zoning, popular landmarks, and tourist sights.

Today it is home to some of the wealthiest zip codes in the US and is also home to the headquarters of American Airlines, Bacardi USA, Kraft Foods, Millicom, Club Med, MG Developer, Danone Americas, The Allen Morris Company, Odebrecht Construction, Inc., Turbana. In the housing market, the median sale price per square foot in Coral Gables is $755, up 20.6% since last year with a vacancy rate of around 4%. Downtown Coral Gables is home to world-class restaurants such as Zucca and Hillstone Coral Gables and the Merrick Park shopping district is currently welcoming a new Louis Vuitton store to its tenant mix.

Attendance is free but space is limited due to venue constraints, so make sure to reserve your spot to guarantee attendance. Register below. - REGISTRATION NOW CLOSED [SOLD OUT]

Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: July 25, 2023 | 5:30 - 9 PM

Where: The Village at Coral Gables Showroom, 2990 Ponce De Leon Blvd., Suite 101, Coral Gables, FL 33134.

Panelists:

• Catie Naranjo, CDO at MG Developer

• Scott Wadler, Berkadia

• Melissa Tapanes, Partner at Bercow Radell Fernandez Larkin and Tapanes, PPLC

• Ayush Kapahi, Founder at HKS

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

SPEAKERS

Moderator:

About MG Developer:

MG Developer is a residential property development company based in Coral Gables, Florida. Led by Alirio Torrealba, the firm is a subsidiary of MG Capital, and provides and implements a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. As a member of the Coral Gables community, MG Developer is committed to the beautification of the city and supports its Art in Public Places program, having commissioned original stone sculptures at Balboa Plaza called “A Midsummer Night’s Dream,” which represents an outdoor living area. The firm is an advocate of public exhibitions throughout Coral Gables that enhance the area’s unique lifestyle and design and is also a proponent of philanthropic efforts and organizations that elevate the city’s standard of living, including the Coral Gables Community Foundation and FundaHigado. In 2021 MG Developer, entered the Hialeah market with its first multi-family apartment community called Metro Center. Today, MG Developer is the most active developer in Hialeah, with more than $600 million in development.

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Hosts & Sponsors

Hosts:

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EVENT SPONSORSHIP

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