Olara Begins Construction On Private Dock in West Palm Beach

New York-based developer Savanna has begun construction on the private dock amenity at Olara, a new luxury condominium tower set to overlook the Intracoastal Waterway. The private dock will be one of the most exclusive amenities offered at any West Palm condominium, given its rarity in the community east of Flagler Drive, and will feature a pair of house yachts, three for-purchase boat slips and a dedicated seafaring concierge capable of arranging everything from deep-sea fishing to paddleboarding. While the condominium readies to break ground in March for an expected completion in 2026, the private dock is slated to open early this summer and will serve as a preview into Olara’s forthcoming waterfront lifestyle as the 26-story building rises. SavCon is leading construction.

“Incorporating the private dock was one of the first decisions we made in the development process, and quickly became central to our vision,” said Chris Schlank, President and Co-Chairman of Savanna. “While many other projects have waterfront views, not many encourage and allow for residents to get out on the water like Olara. With dockage becoming increasingly limited in South Florida, we felt this was an amenity that our buyers would appreciate.”

Serviced by a five-star concierge team, the private dock amenity provides Olara residents with the opportunity to enjoy a wide array of unique experiences. They can coordinate a private yacht charter to Palm Beach Island, hire a boat captain for a day trip on one of Olara’s two house yachts, embark on a catamaran scuba and snorkel tour with local experts, try their hand at deep-sea fishing, have a gourmet lunch or dinner at sea or even invite friends to visit by boat and dock at the guest slip. Aside from boating, residents will also have access to many water sports and activities, including paddleboarding, kayaking and floating tubes. The dock will extend 192 feet out into the Intracoastal Waterway, and will be dimly lit throughout the evening, providing a focal point towards the water for all that pass by.

In addition to the private dock, Olara features more than 80,000 square feet of amenities that rival a luxury resort. Many of the spaces are designed for residents to refresh and reset, as wellness is a guiding principle at Olara. This includes a world-class fitness center by The Wright Fit that offers 13,000 square feet of indoor and outdoor workout spaces, ranging from an open-air yoga deck and performance training zones with indoor-outdoor turf lanes to a studio for yoga, mat Pilates, core movement and breath work and a Pilates studio. There will also be spa and wellness amenities like a five-star recovery and regeneration spa, a recovery zone featuring Normatec compression therapy and Hypervolt massage equipment, a Japanese-style Onsen, sauna, steam and treatment rooms, cold plunge, vitality pools and meditation rooms.

Olara’s pool deck continues the resort-inspired lifestyle. The grounds will be lushly landscaped by EDSA, extending to the property’s private waterfront veranda and library. Two cabana-lined swimming pools for leisure and laps will overlook the Intracoastal Waterway, while a juice bar will energize and enhance residents’ everyday life. Additional spaces at Olara include a game room, private dining room and catering kitchen designed by Gabellini Sheppard Associates. Residents working from home will also have areas optimized for productivity, such as a multimedia lounge, private offices, conference spaces and a co-working lounge. A bevy of personalized services include a concierge, 24- hour private security, valet, house car, in-home dining offerings, catering by the celebrity-chef helmed eatery and access to an exclusive Olara Residents App.

Residences at Olara will be two- to four-bedroom plus den units, with floor plans ranging from 1,500 to over 4,200 square feet, with pricing starting at $2 million.

Renderings via Binyan Studios

Related Companies Launches Sales At Waterfront Condo 'Shorecrest' in West Palm Beach

Related Southeast has launched sales for Shorecrest in West Palm Beach. The luxury condominium features stunning views of the Intracoastal Waterway, Palm Beach Island and the Atlantic Ocean. Located on North Flagler Drive, Shorecrest is designed by architecture firm Roger Ferris + Partners with residential interiors and amenities by Rottet Studio, and landscape design by DSBoca. The residences include 140 graciously scaled homes, penthouses and access to The Related Life, an impressive array of amenities, services and programming similar to those found at the most exclusive private members clubs around the world.

The renowned design team of Roger Ferris + Partners and Rottet Studio’s collaboration on Shorecrest is each firm’s first ground-up, new residential development in West Palm Beach. Roger Ferris + Partners’ striking design features a curvilinear façade with floor-to-ceiling glass that provides panoramic views of the water and ample light for each residence, creating a sense of openness and connectivity between indoors and out.

“Related has been dedicated to the growth of West Palm Beach for decades and we are proud to expand our luxury residential offerings with Shorecrest,” said Stephen M. Ross, Chairman and Founder of Related Companies. “Tailored to this thriving community, Shorecrest transforms a part of the waterfront while capturing a timeless aesthetic for residents.”

“West Palm Beach has solidified its status as one of the most sought-after addresses in the country,” said Kenneth A. Himmel, President and CEO of Related Urban. “Shorecrest is a feat of remarkable design from Roger Ferris + Partners, one of the most renowned experts in the industry, and demonstrates the strength of the local market.”

“Shorecrest offers an extraordinary lifestyle in West Palm Beach that prioritizes both design and function, offering gracious living spaces, many with terraces featuring panoramic waterfront views,” said Bryan Cho, Executive Vice President of Related Companies. “Building on Related’s legacy of delivering best-in-class, luxury residential buildings, Shorecrest will deliver unprecedented amenities, services and access to West Palm Beach.”

“Shorecrest resides on a spectacular site in West Palm Beach. The building features a curvilinear façade with a dramatic mosaic design on the exterior. Inside, floor-to-ceiling windows emphasize panoramic views and large outdoor terraces bring the outdoors into each residence,” said Roger Ferris, Founding Principal of Roger Ferris + Partners.

Rottet Studios’ brilliantly designed interiors at Shorecrest are finished with extraordinary detail. Kitchens offer custom White Oak European millwork, a suite of top-of-the-line Gaggenau appliances, and finishes of Cote D’Vaniglia and Calacatta Fioritto marble. Primary bathrooms feature limestone flooring, Namibia White marble walls, custom vanities, freestanding soaking tubs, and shower stalls with rain shower, handheld spray, and showerhead. With ceiling heights of approximately 9’6” that extend to 11’6” at the Penthouse floor, all residences feature White Oak wood plank flooring and numerous technology and wellness aspects including Lutron home automation for lighting and thermostat controls, enhanced cell service and super-fast network speeds, and ducted fresh air with multiple filtration points, filtered water, and multi-zone climate control.

“Shorecrest balances the classic refinement of Palm Beach, along with the relaxed attitude of contemporary South Florida. The serene interiors are intentionally light-filled and grand, drawing the sunlight indoors. The careful attention to detail and sculpted proportion in every room creates a strong residential attitude, and sense of intimacy. The interior finishes are fresh and timelessly inspiring, drawing inspiration from the sandy beaches and expansive water views nearby,” said Lauren Rottet, Founder of Rottet Studio.

Residents will enjoy world-class amenities and white-glove services encompassing the best in fitness, leisure, and entertaining in meticulously designed spaces. The stunning 60-foot rooftop pool with a 50-foot sun shelf features lounging areas as well as a dining and grill area, both with dramatic views overlooking Lake Worth, Palm Beach Island, and the Atlantic Ocean. The Club Level on the sixth floor features entertaining options that span throughout a private dining room, cocktail lounge, cafe, screening room, game room, and virtual reality lounge. Wellness options include a spa suite, state-of-the-art fitness center, and yoga room. Options for remote work in both a coworking lounge and executive meeting space.

Shorecrest residents enter through a luxuriously landscaped motor court, greeted by a doorman and valet, and welcomed into the lobby lounge staffed by a 24-hour attendant and concierge. Shorecrest will be managed by Related Management, widely considered the leader in luxury residential property management and acclaimed for their high level of service and lifestyle programming.

Related Southeast has been deeply committed to improving the West Palm Beach community for the past 25 years, with the introduction of new luxury residential projects and significant commercial properties in West Palm Beach, including The Square, One Flagler, East and West Towers, 360 Rosemary, RH West Palm, and the Hilton West Palm Beach.

A sales gallery for Shorecrest is expected to open in February 2024 and will be located at 460 S. Rosemary Ave, Suite 180, West Palm Beach, FL 33401. Related Florida LLC and Corcoran Sunshine Marketing Group are exclusively handling sales and marketing for Shorecrest, where pricing will start at approximately $1.3 million for a one-bedroom to $9 million for a four-bedroom.

Renderings via The Boundary

Check Out The Tropical Modern Waterfront On Bay Harbor Islands Asking $22.95 Million

A tropical modern custom designed waterfront home by the renowned SDH Studio Architecture + Design and developed by Matthew Rosenblatt on Miami’s exclusive Bay Harbor Islands has hit the market for $22.95 million listed with Dina Goldentayer of Douglas Elliman. Nestled on a 13,125-square foot lot, the lavish residence, which spans over 8,200-square feet of interiors, is seeking a record for the coveted Bay Harbor Islands neighborhood. 

The residence showcases a fusion of organic modern aesthetics, meticulous craftsmanship, and breathtaking bay views. With an innovative floor plan encompassing 8 bedrooms, 10 baths, an office, and a media den, the space is suited for both privacy and entertainment. 

The interiors showcase a seamless blend of travertine slabs and custom millwork. Ascend the statement white oak floating staircase to the upper level with six bedrooms, a pajama lounge and adjacent breakfast bar, and an impressive primary suite offering dual closets and a louvered terrace that frames captivating views of the bay and splendor of the Western sunsets. 

On the lower level find a sleek Mia Cucina entertaining kitchen equipped with state-of-the-art appliances and complemented by a secondary prep kitchen, a proper back-of-house setup ensures seamless functionality and two bedrooms. A centerpiece bar and wine cabinet is situated amongst the intimate lounge settings for added sophistication. 

The alluring outdoor space offers a resort-style experience like no other, with a luxurious pool and spa and lush landscaping. Boasting an exquisite summer kitchen and a cabana bath, complete with 80-feet of pristine waterfront access and a new seawall.

9520 West Broadview Drive is listed at $22.95 million. Dina Goldentayer with Douglas Elliman holds the listing. 

Images via Become Legendary / Dina Goldentayer

Plans Filed For Santander Tower Set To Rise 765' On Brickell Ave

Banco Santander has filed plans to develop a 40-story, 765’ tall office tower on their two acre property 1401 Brickell Avenue following their application for a total demolition permit for the existing 14-story office building which was delivered in 1973 currently sits on the property. The proposed Santander Tower would be built to LEED Platinum standards and would feature 612,918 SF of Class A office space, 107,953 SF of F&B space including multiple ground and lower floor restaurants as well as a multi-level urban club on the 9th floor podium; the building will also feature 1,496 parking spaces. Santander Tower plans to activate the pedestrian and street level with public plazas and landscaping along Brickell Ave. The tower is designed by Handel Architects with interiors by Bernardi + Peschard Arquitectos, landscape design by Rios and LandDesign. Rilea Group will oversee the development process.

Renderings via Handel Architects

Landau Properties Breaks Ground on Kobi Karp-Designed Indian Creek Residences & Yacht Club

Landau Properties has broken ground on Indian Creek Residences & Yacht Club, the highly anticipated new residential development transforming the south shore of Miami’s Bay Harbor Islands. The groundbreaking comes on the heels of the development setting a new price record for the most expensive condo sale on Bay Harbor Islands after the penthouse, which was listed for $12 million, sold for an undisclosed price.

Landau Properties founding executives Jonathan Landau, DC Lowinger and Yaeli Lowinger were joined by Linda Zarifi, Founder of Zarifi Design, Kobi Karp, Founder and Principal of Kobi Karp Architecture and Interior Design, OFFICIAL co-founders Richard Jordan, Andrew Wachtfogel and Oren Alexander, Menachem Kranz, and executives from Civic Construction, the project’s general contractor, and BridgeInvest, who provided the building’s $29 million financing package.

“Reaching this momentous milestone marks a significant stride towards the realization of this visionary development,” said Jonathan Landau, Founder and CEO of Landau Properties. “Indian Creek Residences & Yacht Club seamlessly blends the most sought-after waterfront location and amenities with cutting edge architectural design. We’ve created a unique product that has captivated the market and continues to see great success.”

Designed by Miami-based architect Kobi Karp with interiors by the acclaimed Zarifi Design, the curvaceous building will serve as a counterpoint to Miami’s collection of tall, boxy towers by referencing Bay Harbor Islands’ history of mid-century modern design. The eight-story waterfront building is home to nine luxury condominiums and six yacht slips, one of the only private yacht clubs in the area. Providing a sought-after opportunity for waterfront views of the coveted Indian Creek Island and Country Club, the half-floor, full-floor and duplex homes boast unobstructed waterfront views, best-in-class finishes and spacious interiors that range from three to five bedrooms and span up to 5,600 square feet.

“This is a building unlike anything else on the market on the Bay Harbor Islands, so it’s no surprise buyers from across the country appreciate the opportunity to own the best new full-service condo in this jewel like pocket of Miami,” said Andrew Wachtfogel, Co-Founder and President of New Development for OFFICIAL, the exclusive sales and marketing firm for the development. “Interest has been incredibly robust, and we’re excited to continue on that path with construction now underway.”

Complementing the expansive residences, Indian Creek Residences & Yacht Club will offer a resort-style amenities package for residents. In addition to the yacht club complete with dockmaster concierge services, the curated amenities include a world-class spa with treatment rooms, state-of-the-art fitness center, outdoor yoga lawn, flexible entertainment lounge with high-fidelity sound system and bar, and landscaped rooftop terrace with a pool, dining area, outdoor kitchen and screening pavilion. The building also offers a full-time doorman, resident concierge and 18 private parking spaces.

Pricing begins at $5.6 million for a half-floor home.

Renderings via Williams New York

March 13, 2024: PROFILEconnect: Workout With Baby Momma Fit at Kobi Karp's Office

Join us on March 13th at Kobi Karp's Wynwood headquarters to energize your body with a high-intensity workout led by celebrity fitness trainer Starr Hawkins, popularly known as @babymommafit. Network with Miami's elite real estate and business professionals while enjoying nutritious refreshments courtesy of Carrot Express and energizing drinks from GORGIE and E11EVEN Vodka. Relish in exclusive wellness with industry leaders and take home a luxurious goodie bag featuring a 5-minute journal by Intelligent Change, a premium Taja Collection candle and kava drinks by Surenitea. Don't miss this chance to connect, get fit, and unwind with peers. Secure your spot now for a memorable fitness experience!

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event will bring together Miami’s top real estate industry and business professionals, influencers and fitness enthusiasts, for a fun wellness evening with industry leaders.

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Step into an exhilarating world of fitness and networking with PROFILEmiami's "PROFILEconnect: Workout with Baby Momma Fit" at Kobi Karp's office. This isn't just an exercise session; it's a gateway to connection with like-minded peers. Reserve your tickets now and be ready to:

• Ignite Your Fitness Journey: with a dynamic HIIT workout session curated by celebrity trainer Starr Hawkins, aka @babymommafit, to elevate your strength and spirit.

• Network with Industry Leaders: Mingle with Miami's real estate leaders and business visionaries in an atmosphere where every stretch and sprint builds more than just muscle.

• Gourmet Refreshments: Delight your palate with an array of premium refreshments:

  • Wholesome culinary creations from Carrot Express

  • Invigorating GORGIE Energy Drinks

  • Surenitea's soothing kava blends for a calm post-workout

  • The refined taste of Zeroe Caviar, pairing luxury with wellness

  • E11EVEN Vodka's spirited infusions for a celebratory toast

  • Environmentally friendly hydration by Kopu Water

• Indulge in Exclusive Goodies: Every attendee will be pampered with a take-home goodie bag, including:

  • The "5-Minute Journal" by Intelligent Change, to foster positivity and productivity in your daily routine

  • A luxurious $39 candle from the Taja Collection, infusing your space with the scent of serenity

  • A medley of other hand-picked giveaways, ensuring the memory of the evening lingers long after

This is not just an event; it's an experience crafted to blend vitality with networking, set within the pulsating heart of Miami. Don't let this opportunity slip by—lock in your spot today for a night of fitness, fellowship, and fun.

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Thank You To Our Sponsors

Fortune International Group and Château Group Launch Sales of North Tower at The St. Regis Residences, Sunny Isles Beach, Miami

The St. Regis Residences, Sunny Isles Beach, Miami, has launched sales of the much-anticipated North Tower, marking another milestone following the success at 80% sold South Tower, which started converting reservations to contracts in May of 2023. The launch of the North Tower also follows closely on the heels of the sale of a $55 million penthouse in the South Tower, introducing a new opportunity for buyers in this highly sought-after property. The total sellout of The St. Regis Residences Sunny Isles Beach, Miami equates to nearly $3 billion. The project broke ground in September 2023.

The St. Regis Residences, Sunny Isles Beach, Miami, will be the tallest residential property on the ocean in South Florida, with the North Tower rising 750 feet tall. Developed by Fortune International Group and Château Group, and managed by St. Regis Hotels and Resorts, the Residences are situated along 435 linear feet of immaculate beach, offering infinite ocean views. The North Tower will feature 170 residences spanning up to 5,500 square feet and include two, three, four, and five-bedroom residences, along with exquisite, two-story, full-floor penthouses with private pools. Both towers provide amenities offerings exclusively for the use of tower residents. The North Tower’s amenities encompass an expansive lobby, pickleball and padel courts, a fitness center, a therapeutic wellness pool, kids’ and teens' clubs, private lounge areas, and more.

"The remarkable sales achievements of the first phase of The St. Regis Residences, Sunny Isles Beach, Miami have created significant momentum for the property, propelling us into this exciting new phase,” said Edgardo Defortuna, President and CEO of Fortune International Group. “With substantial high-profile sales already in the South Tower, we are confident that the North Tower will continue this upward trajectory, appealing to buyers in search of the distinctive resort-style lifestyle in Sunny Isles Beach."

“As the tallest residential property on the ocean in South Florida, The St. Regis Residences, Sunny Isles Beach, Miami, stands as a global magnet for discerning buyers. The appeal lies within its luxurious amenities and exceptional St. Regis service, which attracts buyers from around the world,” said Manuel Grosskopf, CEO of Château Group. “The North Tower will provide residences with a resort-like feel that defines the Sunny Isles Beach location and deliver the elevated lifestyle available to all future residents.”

Along with exclusive amenities, North Tower residents will enjoy access to an extensive, property-wide amenity suite totaling over 70,000 square feet, curated to cater to every desire. These include a private Beach Club with direct ocean access, three ocean-facing pools with cabanas, and a Sunset Pool Deck featuring an infinity edge style pool. Residents have the option to entertain either in the oceanfront terrace dining and lounge events space of the Residents Club or in the Ellipse Club, which boasts a cognac room, wine bar, and gaming rooms. Unparalleled, 24/7 St. Regis Service is incorporated throughout the property, including their signature butler service, ensuring a seamless living experience for residents.

The visionary architecture firm Arquitectonica, paired with interiors by celebrated São Paulo-based designer Patricia Anastassiadis and landscape design by EDSA shape the towers, providing an elevated lifestyle in Sunny Isles Beach, one of South Florida's most sought-after residential locations. Positioned between the Atlantic Ocean and the Intracoastal Waterway, Sunny Isles Beach offers a unique blend of resort-like tranquility and the cultural vibrancy of city living.

PROFILE Exclusive with Developer of Jem Residences Miami Miki Naftali of Naftali Group

PROFILEmiami had the opportunity to sit down with legendary real estate developer and investor Miki Naftali of Naftali Group to discuss his career and first project in Miami, the recently launched Jem Residences Miami. Miki Naftali is the Chairman and CEO of Naftali Group which he established in 2011. Over the course of his 35-year career in the global real estate industry, Miki has acquired, developed, and managed over $15 billion and 31 million SF in real estate assets across North America, Asia, Europe, and the Middle East. In New York City alone, he has assembled a seminal portfolio of 25 luxury condominiums encompassing over 1,900 residential units, as well other notable projects, including luxury apartment buildings and mixed-use properties.

Now, Miki has turned his sights on Miami where he recently launched JEM Residences Miami in Downtown Miami’s Miami Worldcenter neighborhood. This dynamic condominium development will rise over 700’ tall, 67 stories, and is set to become a landmark focal point within the city’s iconic Miami Worldcenter. JEM Residences Miami will feature 259 condominiums with a private 50th floor amenity suite designed to compete with any high-end luxury hotel, offering a diverse array of meticulously curated indoor and outdoor spaces to cater to various activities.

PROFILEmiami joined Miki at the Jem Residences Sales Gallery to learn about his career and why he set his sights on Miami to develop his next project:

[PROFILEmiami] Where did you grow up? Give us your background? How did you get involved in real estate? Tell us about your first deal?

[Miki Naftali] I moved to the U.S. in 1987 to attend the University of Southern California to pursue a degree in industrial engineering management. While going to school, I became a property manager in order to help pay my bills. My early exposure to real estate deals involved searching for rental buildings to purchase, a task I learned myself through a combination of on-the-ground exploration and common sense. My breakthrough came when I successfully identified a property for acquisition, earning my first real paycheck. I knew that I had found my passion. After spending time in Los Angeles, I returned to Israel in 1992, where I started to work as a project manager and quickly moved up the chain to senior project manager to later become CEO of a small real estate company working on various projects including residential, hotels and office buildings. My signature project at the time was a 44-story mixed-use tower in Tel Aviv, one of the tallest buildings in the city. In 2000, I made a pivotal move to New York, marking a significant chapter in my real estate career.

[PM] What was your first major development?

[MN] From 2000 to 2004 I developed several very successful residential projects in New York City. In 2004, I acquired the famous Plaza Hotel – a renowned New York landmark and one of the most recognizable brands worldwide – for $675 million. After a well-planned $450 million major gut renovation of the one million, 100-year-old building, The Plaza was transformed into the most luxurious mixed-use building. It includes 180 private residences which all sold at a record-breaking price, 152 hotel condominium suites for sale, 131 over-sized hotel rooms and 160,000 square feet of retail space that houses ultra-luxury boutiques and North America's first luxury food hall. The Plaza's world-famous interior venues were restored to their original grandeur, and the project was completed in late 2007.

[PM] When did you found Naftali Group? Give us the background on the firm.

[MN] In 2011, I founded Naftali Group after developing major projects in New York, Los Angeles, Toronto, Montreal, and Singapore as well as taking our Canadian arm public and serving as the chairman of the board. I decided it was time to start my own company and focus my energy and time on designing and developing great buildings that are financially sound, instead of splitting my time dealing with public markets. Naftali Group was founded with a passion to be the best in class. We work with the most talented designers, engineers, brokers, and in-house executives, always pushing the boundaries and standards, and delivering high-quality results in all different market types.

[PM] Naftali Group has built quite an impressive record in NYC, can you tell us what have been some of the keys to your success?

[MN] We have always stood by our product and provided the highest quality possible for each development we deliver. Our company builds projects with timeless designs and great locations based on buyer demand. We prioritize listening to our buyers and delivering on their needs. It’s a simple formula in theory, but few can make good on these promises. That is what sets us apart; the ability to consistently create quality projects, time after time. We also have a strong team that is meticulous and detail oriented. From conversion to ground-up new construction, we have a rare ability to bring together talented teams to realize ambitious goals. Ultimately, our customers are what matter the most. In one of the most competitive and advanced real estate markets in the world, our customers have chosen to buy and rent our apartments even before our projects are completed, which is a testament to the quality of our work.

[PM] When did Miami come on Naftali Group’s radar? Tell us about the acquisition of the JEM property.

[MN] The decision to invest in Miami aligns with our company's strategy of expanding into premier geographic areas with strong growth potential and creating "best in class" developments at various price points. Miami has evolved tremendously over the past few years and the buyers have become more sophisticated and are seeking a better-quality product in residential apartments. The goal is to bring the expertise gained from global markets to South Florida, invigorating neighborhoods and setting a high standard for quality real estate products in the region.

[PM] Why was Downtown Miami and Miami Worldcenter so attractive to you?

[MN] Miami Worldcenter, located in Downtown Miami, is a well-known international hub that offers excellent walkability, making it an ideal location for development. The area is home to many entertainment and cultural institutions, including the Kaseya Center, Adrienne Arsht Center, Perez Art Museum Miami, Museum Park, and the Frost Museum of Science. Additionally, the neighborhood boasts a diverse range of dining options, high-end shops, and iconic waterfront, making it an attractive destination for both visitors and residents. For those seeking an urban lifestyle, the neighborhood offers plenty of transportation options without the need for a car. JEM Private Residences, strategically located near Brightline's Miami Central Station and metro-mover, make it easy to travel to various cities in Florida within Miami and other parts of the state. The project is also less than 10 miles from Miami International Airport, making travel in and out of the city convenient.

[PM] Tell us about JEM Private Residences, what makes this tower so unique?

[NM] We have collaborated with some of the world's most talented architects and designers to create an extraordinary building in Miami. Arquitectonica leads the building's design, Rockwell Group handles the interiors, and EDSA manages the landscape. The development is an urban oasis that boasts exceptional quality, craftsmanship, and construction that will stand the test of time.

JEM Private Residences is a 67-story building with 259 units ranging from 469 to 2,052 square feet. The condos start at the 43rd floor, offering breathtaking views of the Miami skyline, Biscayne Bay, and Atlantic Ocean. The building's top floor comprises 10 penthouses, with some having their own private outdoor pools. Amenities include the JEM Club on the 50th floor, which features a Sky Deck with a 60-foot pool, jacuzzi, and custom sculpture.

[PM] How is developing real estate in Miami different from New York City?

[MN] I joke that we thought it was difficult to get approvals and permits in New York, but Miami is even more difficult. Jokes aside, there are very different pre-construction processes in New York than Miami. The obvious is that we are able to sell much earlier in the process in Florida, which has allowed us to be creative and work alongside incredible partners here locally. While there are differences, what we do see is a shift in the type of product we are delivering in Miami. As more and more buyers come from New York to Florida, we want to be able to provide a product that appeals to the New York and international buyer. This is what has influenced our unit mix and make-up of this mixed-use development.

[PM] Your daughter Danielle works with you in an EVP role overseeing marketing and design, how special is it to share that family/work relationship?

[MN] Danielle learned the business from the bottom up, starting as a receptionist, moving to an administrative assistant in one of our sales offices, and learning every trick of the trade along the way before becoming our Executive Vice President of Marketing and Design. She is highly motivated, hard-working, and keeps pushing the quality of our work, so yes, it is special and rewarding to see the growth over time and it’s very helpful because I have more time to grow the business.

[PM] Besides real estate and work, tell us about some of your other hobbies?

[MN] Family and boating are my passions. I love being on the water, it is the only place I can relax.

[PM] Where can we find you in your day off? (Favorite restaurant, country club, boat, etc)

[MN] My days off are for either family or spending time on the water.

Image via PROFILEmiami | Renderings via Hayes Davidson

Check Out This Private Island At Ocean Reef Club Asking $75 Million

Nestled amidst the waters of the Florida Keys sits a rare opportunity, a 26 acre Private Island plus an additional waterfront mainland home within Ocean Reef Club. The private island island features a pool home, 12 one-acre developable waterfront lots, a 20-slip marina capable of accommodating a mega-yacht, three separate apartments, dockmaster office, a white sand beach and two tennis courts which convert to a helipad for a 10 minute flight to Miami. Modern infrastructure including fiber optic cable, water, & electricity, ensures seamless connectivity and convenience. The mainland property within Ocean Reef Club is a four-minute boat ride away and features a 100 ft. dock. The illustrious Ocean Reef Club features a private airport, two championship golf courses, a world-class 175-slip marina, impressive tennis & lawn sports facilities, full-service fitness center, salon and spa, medical center, oceanfront inn, and an array of shopping and fine dining options.

Pumpkin Key, 10 Cannon Point, Key Largo is listed for $75,000,000 with Liz Hogan of Compass.

Images via Legendary Productions

Terra Closes on $127 Million Refinancing Loan for Natura Gardens Development

Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.

At more than 97% leased, Natura Gardens’ one- to three-bedroom apartments measure between 727 and 1,603 square feet in size, with rental rates ranging from approximately $2,000 to $3,350 per month.

“Our ability to refinance Natura Gardens reflects the leasing success we’ve experienced at the property as well as the increasing demand for market-rate rental housing in the West Hialeah area,” said David Martin, CEO of Terra. “Natura Gardens continues to fulfill an unmet need for quality suburban living for thousands of working families seeking to minimize their daily commutes.”

Walker & Dunlop’s New York Capital Markets team, led by Keith Kurland, Aaron Appel, Jon Schwartz, Adam Schwartz, and Michael Diaz arranged the loan proceeds to refinance the existing construction loan of Natura Gardens.

Situated along NW 170th Street between I-75 and Florida’s Turnpike, Natura Gardens is located immediately south of the planned American Dream retail and entertainment complex, and a short drive from several large employers, including Boeing, Royal Caribbean International, Preferred Freezer Services, and The Home Depot.

Natura Gardens was designed by Pascual, Perez, Kiliddjian Architecture (PPK), with the development’s clubhouse and model units imagined by tennis champion Venus Williams’ design firm V Starr Interiors.

 Apartments have high-end finishes and fixtures, expansive balconies, custom shaker-style kitchen cabinetry, spacious built-in pantries, kitchen islands with breakfast areas, stainless steel appliances, full-size washer and dryers, spacious living and dining rooms, walk-in closets, and en-suite bathrooms.

Amenities at the gated community include a two-story clubhouse with a resort-style pool and spa; a covered kitchen prep area and grilling station, sink and refrigerator; outdoor tiki hut areas with hammocks, tables and umbrellas, and lounge chairs on comfortable beach sand; a media room, billiards and children’s playroom; a sophisticated lounge with a bar and kitchen; a state-of-the-art fitness center with yoga, aerobics and spinning studios; a business center with co-working spaces and a coffee bar; a children’s tot-lot with recreational equipment and electronic car charging stations, and a residents-only dog park.

Inspired by the area’s natural surroundings, the community features lush landscaping, open lawns, lakes and preserves. Residents also have access to lush, green spaces with sitting areas and mobile device charging stations throughout the entire community.

Natura Gardens is the latest among Terra’s portfolio of newly completed multifamily developments across South Florida, which includes Grove Central, a transit-oriented mixed-use development with residential and retail uses in Coconut Grove; and Pines Garden at City Center, a garden-apartment community in Broward County’s City of Pembroke Pines. Terra is also currently developing CentroCity, which will include up to 1,200 apartments as part of a larger 38-acre mixed use development in central Miami-Dade County, just west of Little Havana; and Upland Park, which will include up to 1,700 apartments as part of a 47-acre mixed use transit-oriented development at the Miami-Dade County Dolphin Park-and-Ride Station.