Residential, News, News & Features Demetri Demascus Residential, News, News & Features Demetri Demascus

Billionaire King of Subprime Car Loans Lists Lavish Highland Beach Oceanfront Estate With Sky Deck For $44 Million

Billionaire Don Hankey, known as the “king” of subprime car loans, has listed his Highland Beach resort-style estate for $43.85 million. The impressive estate stands 17’ above sea level and overlooks 120’ of ocean frontage–spanning four levels and 11,000+ SF of interiors plus a 3,000 SF sky deck with panoramic views.

Billionaire Don Hankey, known as the “king” of subprime car loans, has listed his Highland Beach resort-style estate for $43.85 million. The impressive estate stands 17’ above sea level and overlooks 120’ of ocean frontage–spanning four levels and 11,000+ SF of interiors plus a 3,000 SF sky deck with panoramic views.

The 7 beds, 7 full baths and 2 half baths residence with ocean views from almost every room showcases standout design features including lava stone floors and walls, a living green wall, and a floating stone fireplace.

The home features two kitchens, an sleek open entertaining kitchen and separate catering kitchen outfitted with top of the line appliances. A spacious primary suite includes a glass-enclosed office, private exercise room, wet bar, open-air Jacuzzi terrace, an oversized marble bath and spacious closets. Additional features include a screening room, 6-car garage, and elevator.

Outdoors, a brand new double decker $250K+ pool and deck renovation includes features you would find at a world-class oceanfront retreat with a brand new infinity-edge swimming pool and spa located on the 2nd level/main level of the home, creating ultimate poolside privacy while also enhancing visibility of the ocean views. The statement outdoor staircase enables convenient access from the pool down to the beach level. The lower level has a stunning outdoor space with a covered loggia, perfect entertaining and an outdoor shower. Lush landscaping, towering Palm trees, and sea grapes provide additional privacy. In the evening, the exterior lighting and ambient fire features create a magical outdoor ambiance.

3715 S Ocean Boulevard is listed for $43.85 million by Samantha Curry with Douglas Elliman.

Images via Jad Esmail/Samantha Curry

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Sushi Garage Reveals Inside Look At New Concept Coming To The Standard Residences, Midtown Miami

Rosso Development, Standard International and Midtown Development have revealed a first look at Sushi Garage’s upcoming outpost at the highly anticipated The Standard Residences, Midtown Miami. Created by the acclaimed Juvia Group, founded by Jonas and Alexandra Millán, Sushi Garage brings a modern twist to traditional Japanese cuisine in an elevated, neighborhood-style setting.

Rosso Development, Standard International and Midtown Development have revealed a first look at Sushi Garage’s upcoming outpost at the highly anticipated The Standard Residences, Midtown Miami. Created by the acclaimed Juvia Group, founded by Jonas and Alexandra Millán, Sushi Garage brings a modern twist to traditional Japanese cuisine in an elevated, neighborhood-style setting. The lively new restaurant will join an impressive culinary lineup at The Standard Residences, which also includes Solana—the rooftop restaurant and bar by Juvia Group—and Rosetta Bakery Café & Privato Speakeasy.

“Sushi Garage is an extension of the vibrant lifestyle we envisioned not only for The Standard Residences, but for the entire Midtown community,” said Carlos Rosso, founder and CEO of Rosso Development. “Juvia Group has a proven track record of creating dynamic culinary destinations. Their beloved South Beach brand and recent success in Coconut Grove will carry into this project, complete with vibrant outdoor seating and an indoor-outdoor bar designed to celebrate Midtown’s energetic sidewalk culture.”

Sushi Garage’s happy hour has been a defining feature of Miami’s dining culture, and its approachable yet refined experience keeps locals and visitors returning. The menu is a tribute to high-quality, sustainable ingredients, expertly crafted with innovative culinary techniques. Offering a laid-back atmosphere, it’s a go-to destination for those who appreciate a creative twist on sushi.

“Sushi Garage has always been about community, and Midtown’s energy is the perfect match,” said Jonas Millán. “This new location marks the next evolution of the brand—and we’re proud to be part of the neighborhood’s continued growth.”

The new design is by Manuel Clavel Rojo, founder and principal of Clavel Arquitectos, an internationally recognized architecture and design firm based in Murcia, Spain. "Designing the new restaurant in Midtown was about capturing the soul of the brand—playful, local, and elevated—while crafting a space that seamlessly blends innovation with emotional resonance and feels inherently connected to Miami’s vibrant energy.”

Located at 3100 N.E. 1st Ave, between The Design District and Wynwood, The Standard Residences, Midtown Miami blends culture, community and style with world-class design, amenities and service. As the first branded residences within the portfolio, the 228 residences span from studios to two-bedroom layouts, all designed with The Standard’s distinctive touch for flexible living. Additionally, owners will be able to lease their units for terms as short as one month. The project is nearly sold out and completed - with expected completion slated for Q3 2025. Sales and marketing is exclusively managed by Douglas Elliman Development Marketing.

A lush rooftop is home to a 60-foot, resort-style sunset pool in tandem with a signature rooftop restaurant and bar reminiscent of the bold aesthetic The Standard pioneered from LA to New York to London. Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A karaoke bar and screening room, as well as fully equipped co-working spaces, Zoom rooms and a private boardroom underscore spontaneous socialization. A dedicated Standard concierge will be available to assist owners and direct community programming.

Renderings via Manuel Clavel Rojo

For more information about The Standard Residences, Midtown Miami or to inquire about purchasing a unit please fill out the form below:

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Continuum Company Closes $25 Million Pre-Development Loan for Continuum Club & Residences in North Bay Village

Continuum Company, a real estate development firm with offices in NYC and Miami, has closed on a $25 million pre-development loan for the Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida.

Continuum Company, a real estate development firm with offices in NYC and Miami, has closed on a $25 million pre-development loan for the Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing was provided by Benmark Capital, a vertically integrated real estate private equity and debt investment firm. Continuum Club & Residences has reported strong pre-sales activity, with 50% of units already under contract.

The transaction provides capital to advance site preparation and development activities for the project, which is anticipated to bring 198 luxury waterfront residences to the revitalizing North Bay Village submarket. Developed in partnership with Aksoy Holdings, Continuum Club & Residences represents Continuum’s second Miami project following the successful delivery of Continuum South Beach.

“Benmark Capital is pleased to support The Continuum Company in advancing this highly anticipated development,” said Mark Simon, Chief Executive Officer of Benmark Capital. “This transaction reflects our commitment to financing institutional-quality projects sponsored by experienced developers in supply-constrained, high-demand markets.”

Joe Moser, Director at Benmark Capital, added, “Continuum Club & Residences is exceptionally well-positioned to benefit from the significant investment and infrastructure improvements underway in North Bay Village. We are proud to play a role in bringing this transformative project to fruition and to continue expanding our footprint in the Miami market.”

Designed by Arquitectonica, with interiors by Durukan Design and landscaping by Martha Schwartz Partners, the development will offer over 60,000 square feet of amenities, including multiple resort-style pools, a private marina, a waterfront fitness center and spa, curated dining, and wellness-focused services. The project broke ground in March 2025 and is targeting completion in early 2028.

"Securing this pre-development loan from Benmark Capital is a testament to the strength of our vision for Continuum Club & Residences and the confidence in our team's ability to deliver exceptional value," said Ian Bruce Eichner, Chairman and CEO of Continuum Company. "The tremendous support from our financial partners underscores the unprecedented demand for luxury waterfront living in Miami's emerging neighborhoods. This financing will enable us to maintain our momentum as we transform North Bay Village into Miami's next premier destination."

Renderings via Williams New York

For more information about Continuum Club & Residences or to inquire about purchasing a unit please fill out the form below:

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Related Ross Reveal Fitness Lifestyle By Equinox At Waterfront Condo Tower 'Shorecrest' In West Palm Beach

Related Ross has revealed that Shorecrest, a collection of distinctive waterfront condominium residences located on North Flagler Drive, will feature exclusive fitness and wellness amenities and programming meticulously designed and curated in partnership with high-performance luxury lifestyle and fitness leader, Equinox.

Related Ross has revealed that Shorecrest, a collection of distinctive waterfront condominium residences located on North Flagler Drive, will feature exclusive fitness and wellness amenities and programming meticulously designed and curated in partnership with high-performance luxury lifestyle and fitness leader, Equinox.

With a holistic approach to fitness through its health and wellness offerings, Equinox will offer exclusive Equinox-designed fitness and wellness amenities for Shorecrest residents. Residents will also access Equinox’s signature group fitness classes led onsite by expert instructors, ranging from HIIT, yoga, Pilates, strength training, and more. Additionally, Shorecrest residents will benefit from preferred membership rates at Equinox’s new West Palm Beach club opening in November 2025 at CityPlace.

In the Equinox-designed private fitness center, residents will have access to state-of-the-art equipment, a stretch area, and dedicated yoga and Pilates studios - all replete with sweeping views of the West Palm cityscape. Shorecrest’s rooftop will also feature a 75-foot lap pool with a hot tub, lounge seating, and an outdoor bar with dramatic views overlooking Lake Worth, Palm Beach Island, and the Atlantic Ocean.

Shorecrest’s spa offerings will include contrast therapy with steam, sauna, and cold plunge, as well as a treatment room where residents can enjoy spa treatments.

This partnership will also include dedicated fitness and wellness programming through Related Life, a variety of exclusive experiences designed for Related residents designed to enhance community living and create meaningful connections.

“We are thrilled to partner with Equinox to introduce a new level of luxury living at Shorecrest. This collaboration brings together the best in fitness and wellness, creating an unparalleled experience for our residents,” said Daniah Missmar, Vice President of Development at Related Ross. “With Equinox’s expertise in high-performance living, Shorecrest offers not just a residence but a lifestyle that promotes well-being and a holistic approach to health. We are excited to provide our residents with a truly elevated living experience in one of the most sought-after locations in West Palm Beach.”

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 199 homes and penthouses, and access to Related Life, an impressive array of amenities, services and programming similar to those found at the most exclusive private members clubs around the world.

Renderings via Related Ross

For more information about Shorecrest or to inquire about purchasing a unit please fill out the form below:

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Royal Caribbean Chairman Lists Lavish Coral Gables Estate For $42 Million in 'Gables Estates'

A rare piece of Miami’s architectural and waterfront history has just hit the market for $42 million. Owned by Royal Caribbean Group Chairman and former CEO Richard Fain, 700 Arvida Pkwy is making its debut on the market after more than 35 years, offering an extraordinary opportunity in the prestigious Gables Estates enclave.

A rare piece of Miami’s architectural and waterfront history has just hit the market for $42 million. Owned by Royal Caribbean Group Chairman and former CEO Richard Fain, 700 Arvida Pkwy is making its debut on the market after more than 35 years, offering an extraordinary opportunity in the prestigious Gables Estates enclave. Designed by architect Dan Roban, a disciple of Frank Lloyd Wright, the 7-bedroom, 10,840-square-foot estate spans over 2.25 acres and blends timeless tropical modernism with striking natural elements like textured coral rock, exposed wood beams, and expansive skylights. The seamless integration of indoor and outdoor spaces captures the essence of Miami living, with sweeping views, 130 feet of waterfrontage, a private dock and boat lift, and lush landscaping that frames every room. With direct access to Biscayne Bay and the Atlantic Ocean, this estate is a masterclass in privacy, scale, and enduring design, an iconic home that reflects the character of its historic surroundings while delivering every modern luxury. 700 Arvida Pkwy, Coral Gables, FL 33156 is listed for $42,000,000 with Bea and Jenna Citron of Compass.

Images via Christian Santiago

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PMG Locks Down $413 Million Construction Loan For One Twenty Brickell Residences

National developer PMG has secured $413 million in construction financing for One Twenty Brickell Residences, a dual-tower luxury mixed-use condominium and rental development rising in the heart of Brickell. The loan covers financing for the condominium, multifamily, commercial, and parking components of the property.

National developer PMG has secured $413 million in construction financing for One Twenty Brickell Residences, a dual-tower luxury mixed-use condominium and rental development rising in the heart of Brickell. The loan covers financing for the condominium, multifamily, commercial, and parking components of the property. An Ares Real Estate fund (“Ares”) and Monarch Alternative Capital provided the financing, which follows a previous collaboration between the two firms on a financing for a PMG property in Wynwood last year.

PMG was represented in the One Twenty Brickell Residences transaction by Jones Lang LaSalle (NYSE: JLL) who, alongside PMG’s Capital Markets team comprised of Andrew Warman, Jon Blank and Paton Marion, secured the financing. One Twenty Brickell Residences will officially break ground the first week of May and is slated for completion in 2028.

“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said Andrew Warman, Managing Director of Capital Markets at PMG. “Receiving the continued support of the Ares and Monarch teams underscores not only the confidence the capital markets have in PMG as a sponsor, but also our ability to identify a strategy to deliver both luxury for-sale and rental product to the heart of Miami’s thriving business district.”

Designed by internationally renowned architecture firm Sieger Suarez Architects, with interiors by Cotofana Designs, plans for One Twenty Brickell Residences consist of two towers. The first tower will rise 37 stories and offer 266 fully finished and furnished condominium residences, each delivered with first-of-their-kind deeded office suites to residents upon their purchase of a condo unit. The second tower, sharing a podium with the first, will rise 41 stories and offer 537 multifamily residential units operated by the Sentral Management Platform. Each studio- to three-bedroom will include fully-integrated kitchens with custom countertops, a curated high-end appliance package, imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, a contemporary lighting package and fully built-out closets in the primary bedrooms. Residences also will offer a high level of efficiency through PMG’s smart home technology experience for seamless personalization with the touch of a button.

“We are grateful to receive the significant support from the Ares and Monarch Alternative Capital teams as we advance on One Twenty Brickell Residences,” Dan Kaplan, Managing Partner at PMG. “At over 91 percent sold, its swift sales success is a testament to the tremendous team at PMG Residential’s hard work and keen understanding of the Brickell market. We’re looking forward to being one step closer to delivering One Twenty Brickell Residences and its revolutionary concept of luxury living to its future residents.”

One Twenty Brickell Residences’ towers offer an impressive collection of amenities thoughtfully designed for socializing, entertaining, and self-care. The over 48,000 square feet of amenities and services available to multifamily residents include a lobby with a concierge service, a modern gym and fitness studio, a pool and hot tub, a grilling terrace, social lounges, a co-working hub, and daily community events. Over 60,000 square feet of condominium-specific amenities are also available, including an owner’s lounge, an infinity-edge pool, a pickleball court with courtside seating, a kid’s club and gym, a cafe and juice bar, and the One Twenty Brickell Residences Wellness & Fitness center, equipped with steam, sauna, and treatment rooms, a relaxation area with outdoor terraces, a state-of-the-art fitness studio with the latest high-tech equipment, a movement studio, and a yoga lawn.

“Ares is pleased to further build on our relationship with PMG with this latest project that capitalizes on the strong demand for luxury housing in Miami,” said Bryan Donohoe, Partner and Head of U.S. Debt in Ares Real Estate. “We look forward to potential future opportunities to provide Ares’ scaled and flexible capital solutions in this dynamic market environment.”

“We are pleased to be a lender-of-choice and work with a best-in-class developer like PMG that has an exceptional presence in the Miami market,” said Joshua Acheatel, Head of Real Estate Acquisitions at Monarch Alternative Capital. “Boasting luxury finishes and extensive amenities, we believe One Twenty Brickell Residences is favorably positioned at a marquee location. We are excited to continue our relationship with PMG and are looking forward to the project’s success.”

Legal representation was spearheaded by PMG’s in-house team consisting of Lowell Plotkin, Scott Buscemi and Lindsay Davis. Outside counsel involved in the financing for One Twenty Brickell Residences include James Godman, Borna Khoshand, and Celeste Williams at Kramer Levin Naftalis & Frankel LLP, who served as the lead transactional counsel; David Shear, Luis Flores, and Teofilo Victoria at Saul Ewing LLP, who served as condominium counsel and local counsel; Javier Avino and Andres Rivero at Bilzin Sumberg Baena Price & Axelrod LLP, who served as land use counsel; and Evan Wagowski at Greenberg, Trager & Herbst, LLP, who served as construction counsel.

With more than three decades of experience in luxury residential developments nationwide, PMG continues to passionately transform skylines with impeccable attention to detail throughout each of its projects. In addition to its extensive portfolio of over 175 projects, the developer is famed for thoughtfully designed condominium developments including 111 West 57th Street in New York City; E11EVEN® Club Hotel & Residences & E11EVEN® Club Residences Beyond, 38 West Eleventh Residences Miami, Waldorf Astoria Hotel & Residences, One West Twelve Residences, and The Elser Hotel & Residences in Miami; Sage Intracoastal Residences in Fort Lauderdale; as well as One Park Sarasota and One Park West on Florida’s west coast. PMG also has expanded its multifamily division, Society Living, to span nationwide, with more than seven communities open or under construction.

Renderings via ARX Creative

For more information about One Twenty Brickell Residences or to inquire about purchasing a unit please fill out the form below:

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La Gorce Island Estate Known As 'OKTO' With 260' Of Waterfront Sells For Record $75 Million

The lavish La Gorce Island mega-mansion, known as “OKTO” – marked by 260 feet of jaw-dropping waterfrontage – has sold for $75 million. Located on Miami Beach’s exclusive La Gorce Island gated community, the property went under contract just two weeks after it was listed with Nelson Gonzalez.

The lavish La Gorce Island mega-mansion, known as “OKTO” – marked by 260 feet of jaw-dropping waterfrontage – has sold for $75 million. Located on Miami Beach’s exclusive La Gorce Island gated community, the property went under contract just two weeks after it was listed with Nelson Gonzalez, Senior Vice President and top-producer at Berkshire Hathaway HomeServices (BHHS) EWM Realty.

Located at 88 La Gorce Circle, the two-story estate – the collaborative vision of revered developer Todd Michael Glaser and architect Carlos Prio-Touzet – garnered the highest price ever paid for a single-family home in the guard-gated island enclave. It is additionally the second-most expensive single-family home sale to date for the City of Miami Beach. Neither the buyer nor seller was disclosed.

“Even among the extraordinary estates of La Gorce Island, OKTO has been a standout, as evidenced by how quickly it went under contract,” said Gonzalez. “The property’s prime and exclusive location, singular design, and monumental size have made it truly unique, and we knew how to effectively market those attributes to the most discerning buyers.”

The contemporary, resort-style retreat features nine bedrooms, 12 and three half-baths and wide views of the Bay and Intracoastal Waterway. Well-sited on a verdant, 1.1-acre lot (48,027 square feet), the residence is also known as one of the community’s largest single-family offerings.

In addition to a grand entrance that opens to a 100-foot-long living room with soaring ceilings, distinct architectural details throughout the mansion include a Guggenheim-inspired staircase, fine finishes, spectacular custom lighting, and floor-to-ceiling walls of glass. A chef’s kitchen, formal dining room, and gym complete the first floor, while an entertainment room, opulent primary suite with a sprawling closet and deluxe bath, and a wide terrace are well-appointed on the second level. Additional amenities include an elevator, two stately docks, a 100-foot pool overlooking the water, and a rooftop space for year-round entertaining and respite. There is also a guesthouse, five-car garage, and a two-bedroom staff quarters.

“It was a privilege to have facilitated this record transaction in only two weeks,” continued Nelson Gonzalez. “In 2021, we listed the property at $38.5 million and received two offers quickly, but the seller wasn’t ready to sell, so we took it off the market. Now, just four years later, we’ve sold it -- impressively for double that price. It is a true testament to the growth of the market and sustained strong demand for unique, ultra-luxury properties in Miami Beach. That plus our proven track record for successfully implementing strategic launches and hyper-targeted marketing of residences of this caliber continue to result in win-wins for buyers and sellers.”

The La Gorce Island enclave – marked by towering Royal Palms at its entrance and magnificent water views – is one of the most sought-after gated communities in the area. It has long been a haven for high-profile celebrities, including such famed past residents as Cher and Billy Joel. The enclave is minutes from the renowned La Gorce Country Club and golf course, Lincoln Road, Bal Harbour Shops, and is approximately 20 minutes from Miami International Airport. It is also well-protected by 24-hour roving security, including a patrol boat that circles the island each night.

Images via Luxhunters Productions

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Kobi Karp-Designed Boutique Condo OPUS Coconut Grove Launches in Coconut Grove

The Kobi Karp-designed OPUS Coconut Grove luxury boutique condo has launched in the heart of Miami’s Coconut Grove neighborhood. Featuring only 14 luxurious condos,12 residences and 2 penthouses, the luxury development will offer 3- and 4-bedroom layouts, starting at $2.5 million.

The Kobi Karp-designed OPUS Coconut Grove luxury boutique condo has launched in the heart of Miami’s Coconut Grove neighborhood. Featuring only 14 luxurious condos,12 residences and 2 penthouses, the luxury development will offer 3- and 4-bedroom layouts, starting at $2.5 million. Estimated delivery is in the summer of 2026.

OPUS Coconut Grove is being developed by Meta, a joint venture between Lucid Investment Group and Iron Capital. Architecture is by Kobi Karp and interior design by João Armentano, the famous Brazilian designer’s first project in Miami. In Brazil, he completed São Paulo’s Hotel Unique and the Hotel Carmel Taíba in Ceará. Christopher Wands and Sari Libbin Shapiro of Douglas Elliman are leading sales and marketing.

The units will range in size from from 1,905-2,548 interior sq.ft and will feature light-filled, 12-foot ceilings with floor to ceiling windows and private outdoor terraces. Custom kitchens feature Sub-Zero appliances and porcelain tile floors.

Building amenities include a secluded rooftop pool with bar, lounge, and outdoor kitchen. Signature spa with sauna, steam and massage rooms. A business lounge with private rooms and conference room, along with private dedicated wine cellars and a dynamic children’s playroom, round out the amenity package. For ease of mind, there is also a 24-hour concierge reception, valet and security.

Located at 3137 SW 27th Ave, OPUS is ideally positioned within walking distance of Coconut Grove’s Cocowalk with the finest restaurants, upscale retail, marinas, and recreational parks. Additionally, it’s just a short drive from some of the county's top-rated schools like Coconut Grove Montessori School, MCA Academy, Ramson Everglades High School, and Carrollton.

Renderings via Neorama

For more information about OPUS Coconut Grove or to inquire about purchasing a unit please fill out the form below:

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Google and Alphabet Co-Founder Sergey Brin's 124.08-Meter / 466' Lürssen Motor Yacht Dragonfly Docks In Miami's Museum Park

Google and Alphabet co-founder Sergey Brin’s 142.08-meter / 466’ Lürssen motor yacht Dragonfly has docked in Downtown Miami’s Museum Park. Built in 2024, the superyacht is among the largest yachts in the world by length and volume.

Google and Alphabet co-founder Sergey Brin’s 142.08-meter / 466’ Lürssen motor yacht Dragonfly has docked in Downtown Miami’s Museum Park. Built in 2024, the superyacht is among the largest yachts in the world by length and volume. Dragonfly was designed by German Frers, with naval architecture by Lürssen and interior design by Nauta Design. Despite its size, Dragonfly matches performance with efficiency with a Diesel-Electric Hybrid Propulsion system and can reach a top speed of 24 knots powered by two MAN diesel engines. The superyacht features four decks, two helipads, multiple swimming pools, luxurious guest suites and multiple indoor and outdoor areas with cutting edge entertainment. Dragonfly reportedly cost roughly $450 million and was originally commissioned by Russian billionaire Leonid Mikhelson. Sergey Brin is the co-founder of Google and Alphabet and is worth an estimated $164 billion.

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