Swire Properties Sells Brickell City Centre Retail and Parking Components to Simon Property Group For $512 Million

In a significant real estate transaction for Miami’s urban core, Swire Properties Inc. has finalized the sale of its interest in the retail and parking components of Brickell City Centre to Simon Property Group for approximately $512 million. The deal marks the conclusion of a decade-long partnership between the two firms and further consolidates Simon’s presence in one of Miami’s most high-profile mixed-use developments.

Prior to this acquisition, Simon, one of the world’s largest real estate investment trusts focused on premier shopping, dining, and mixed-use destinations, held a 25% stake in the retail component of Brickell City Centre. Swire Properties, the original developer of the project, retained a 75% interest in the retail and full ownership of the parking facilities. With the completion of this transaction, Simon now assumes full ownership and management responsibilities for both the retail and parking at the development.

Completed in 2016, Brickell City Centre has become a defining element of Miami’s evolving skyline and urban experience. The project spans approximately five million square feet and includes a 500,000-square-foot open-air retail center, designed with its signature Climate Ribbon—an architectural canopy that provides shade, enhances airflow, and collects rainwater, contributing to the center’s sustainability features.

The retail center stretches across three city blocks and offers four levels of shopping, dining, and entertainment, anchored by Saks Fifth Avenue and home to more than 90 retail stores, including Apple, Chanel Fragrance & Beauty Boutique, Nike, Coach, Zara, and Richard Mille. Dining and entertainment options range from Casa Tua Cucina and Motek to CMX’s luxury cinema and PuttShack, reinforcing Brickell City Centre’s position as a premier lifestyle destination.

Swire Properties described the divestment as part of its ongoing capital recycling strategy, which focuses on reallocating resources into new growth opportunities. Proceeds from the sale will support the company’s HK$100 billion global investment plan announced in 2022, with HK$20 billion allocated specifically for residential development projects such as The Residences at Mandarin Oriental, Miami. That project has already surpassed $1 billion in contract sales, with more than 50% of South Tower units sold.

Simon has indicated that it will retain as many members of Brickell City Centre’s existing operations team as possible to ensure a seamless transition. The acquisition consolidates Simon’s position within Miami’s growing retail and mixed-use market, adding another high-profile asset to its portfolio at a time when the Brickell district continues to attract global attention as a center for finance, technology, and luxury development.

Images via Swire Property Group

Gilbane and Palm Beach Atlantic University Finalize $240 Million Mixed-Use Student Housing Development in Downtown West Palm Beach

A major new development is set to reshape downtown West Palm Beach as Gilbane, in partnership with Palm Beach Atlantic University (PBA), has reached financial close on a $240 million public-private partnership aimed at expanding student housing and enhancing the city’s urban core. The project, approved by the Palm Beach County Board of Commissioners, will deliver a 25-story, mixed-use student housing tower at the intersection of Acacia Road and Dixie Highway, adding much-needed residential capacity for the university’s growing student population.

The 319,000-square-foot development will include 990 student beds across 275 apartment-style units, along with extensive amenities designed to enrich campus life and foster community engagement. Additional components include a 28,000-square-foot dining hall, a 14,000-square-foot fitness and recreation center, and an 8.5-level parking garage offering 704 spaces, as well as over 230 stalls for bicycles and e-bikes. The project is funded through revenue-backed bonds issued by Palm Beach County, ensuring no direct use of taxpayer funds.

“This project will provide more housing options for students and help ease pressure on the local housing market,” said Jeffrey Resetco, Senior Development Director at Gilbane Development. “We are committed to delivering state-of-the-art facilities that support student life and contribute to the broader vitality of downtown West Palm Beach.”

The initiative is a collaborative effort among multiple firms, with Gilbane Development serving as project developer, Gilbane Building as the design-builder, and Cube3 leading the architectural design. Urban Design Studio, Shutts & Bowen, and Kimley-Horn contributed expertise in planning, legal, and traffic engineering to secure entitlements and refine the project’s scope. The tower’s design draws from the architectural language and vibrancy of downtown West Palm Beach, aligning with city priorities for connectivity, sustainability, and walkability.

Gilbane, Inc., a private holding company with a more than 155-year history, is one of the oldest and largest family-owned construction, investment, and real estate development firms in the world. Gilbane Development is the project development, financing, and ownership arm of Gilbane, providing a full slate of real estate development and property management services. Gilbane Building is a full-service construction services firm providing preconstruction, general contracting, construction management, and design-build services on some of the nation’s most complex projects. Gilbane’s Public Private Partnership Group has delivered or has underway more than $4.4 billion in P3 projects for healthcare, higher education, K-12 schools, and federal/state/municipal clients.

Construction is slated to begin in summer 2025, with completion targeted for August 2027, in time for the 2027-2028 academic year.

PBA President Dr. Debra A. Schwinn emphasized the project’s significance for both the university and the surrounding community. “This transformative development reflects our commitment to whole-person education and our role in shaping downtown West Palm Beach, now recognized as Wall Street South,” Schwinn said.

The student-focused design incorporates a range of indoor and outdoor spaces to promote academic success, well-being, and social connection. Lounges for games, study, wellness, and relaxation will complement outdoor pathways and landscaped areas aimed at encouraging environmental mindfulness and community interaction. The pedestrian-friendly infrastructure includes ADA-compliant features, smart parking technology, and green elements to integrate the development within the city’s evolving urban environment.

Once complete, the project is expected to bolster student housing capacity, reduce off-campus housing demand, and support West Palm Beach’s ongoing growth as both an educational hub and a destination for investment and development.

Redland Equestrian Estate 'Casa da Campagna' with Private Airstrip, Casino Room, and Concert Stage Lists for $8.3 Million

A sprawling, one-of-a-kind equestrian estate complete with its own private airstrip, helipad, and entertainment pavilion has been listed for $8.3 million in Miami-Dade’s Redland agricultural district. Known as Casa da Campagna, the 11-acre estate offers an unconventional blend of resort-style living, recreational amenities, and private aviation access, setting it apart from typical luxury properties in South Florida.

The estate, built in 2006 and owned by a transportation industry executive, provides over 11,000 square feet of living space, featuring eight bedrooms, seven-and-a-half bathrooms, and a three-car garage. The primary suite offers its own private terrace with views over the meticulously landscaped grounds, along with a spa-inspired bath.

What distinguishes Casa da Campagna is its rare combination of amenities designed for both leisure and entertainment. Beyond the equestrian facilities and vast green spaces, the property includes a private airstrip and helipad, enabling seamless arrivals by plane or helicopter—a unique offering even within the region’s luxury market.

The estate is equipped for large-scale entertaining, with a saltwater pool and jacuzzi, multiple covered patios, a summer kitchen, a basketball court, and a mini golf course. A detached garage accommodates a 20-plus car collection, catering to automotive enthusiasts. Additionally, a separate entertainment building houses a movie theater, gaming lounge, casino tables, and a full stage setup for live music performances. There are also six horse stables and fenced training yards for equestrian enthusiasts.

18451 SW 158th St., Miami , FL 33187 Listed by Julian Johnston and Judith Pucknat of The Corcoran Group, Casa da Campagna represents a rare opportunity for buyers seeking privacy, recreation, and the ability to arrive directly by air, all within a short distance of Miami’s urban core.

Images via Immersive Media

Sunset Harbour Office Depot Property Sells for $28.5 Million Overseen by Jordan Karp and Avenue Real Estate Partners, Underscoring Miami Beach’s Commercial Real Estate Strength

A prime commercial property in Miami Beach’s Sunset Harbour neighborhood has traded for $28.5 million, signaling continued investment momentum in one of the city’s most desirable enclaves. The 19,672-square-foot Office Depot building, situated on a 25,000-square-foot lot, was acquired by a private investor in a deal brokered by Avenue Real Estate Partners and Jordan Karp, LLC. The property is located at 1771 West Avenue and serves as a gateway to Sunset Harbour.

The transaction reflects the escalating land value in Sunset Harbour, a mixed-use district known for its proximity to luxury residential developments, waterfront access, and growing commercial presence. Avenue’s Aaron Butler, who represented the buyer alongside Jordan Karp, emphasized that the sale is indicative of Sunset Harbour's evolving role within Miami Beach’s real estate landscape.

“Sunset Harbour continues to be one of Miami Beach’s most sought-after neighborhoods, and this transaction reflects the increasing land value following the success of developments like 18 Sunset,” Butler noted.

Jordan Karp added that Sunset Harbour remains uniquely positioned within Miami Beach's high-end market. “Surrounded by some of the world’s most expensive residential real estate, Sunset Harbour serves as the area’s commercial hub — attracting investors focused on long-term growth opportunities,” Karp said.

The seller, George Jay Ltd. Partnership, was represented by Paul Snitkin of Anderson Carr.

Avenue Real Estate Partners, with offices in Miami Beach and Aspen, Colorado, has established a reputation for guiding high-profile transactions across South Florida’s commercial sector, with over $1 billion in deals completed. Jordan Karp, founder of his namesake brokerage Jordan Karp LLC, is known for orchestrating off-market deals across Miami’s luxury residential and commercial markets, including record-setting property sales on La Gorce Island, Allison Island, and in Brickell. Notable transactions include his $55 million off-market sale of the SLS Brickell Hotel to the Kastrati Group. To date in 2025, Karp has closed over $170 million in transactions.

The $28.5 million sale underscores both investor confidence in Sunset Harbour and the neighborhood’s trajectory as a high-value commercial and residential destination within Miami Beach.

Images via Jordan Karp LLC

Former Home of Baseball Icon David “Big Papi” Ortiz Hits Market for $11.495 Million in North Pinecrest

The former Pinecrest estate of Boston Red Sox legend David Ortiz, known worldwide as “Big Papi,” has hit the market for $11.495 million. Set behind private gates on more than an acre in one of Miami-Dade’s most sought-after neighborhoods, the home reflects the same bold presence that defined Ortiz’s career. A three-time World Series champion and 10-time All-Star, Ortiz became one of baseball’s most celebrated power hitters, etching his name in history with his clutch performances and larger-than-life personality.

Located at 9505 SW 63 Ct., the five-bedroom, eight-bathroom residence spans over 10,000 square feet of modern, resort-inspired living space. Designed for privacy and entertaining, the home features dramatic fire and water features at the entry, an Italian Officine Gullo chef’s kitchen, and floor-to-ceiling glass framing views of the lush backyard. The primary suite offers a boutique-style dressing room, spa-like bathroom with floating tub, and a 16-foot shower. Additional amenities include a state-of-the-art home theater, sports lounge with nine screens and a full bar, elevator, maid’s quarters, generator, and a three-car garage.

Outdoors, the property is designed for year-round enjoyment with a pool, spa, summer kitchen, and multiple covered terraces. Listed by Dennis Carvajal of ONE Sotheby’s International Realty, the estate offers a rare opportunity to own a residence once home to one of baseball’s most iconic figures, just minutes from Miami’s top schools and lifestyle amenities.

Images via Become Legendary / ONE Sotheby’s International Realty

MLB Star Yoenis Céspedes Lists His Expansive Equestrian And Hunting Ranch in Port St. Lucie for $30 Million

Former Major League Baseball standout Yoenis Céspedes has listed his private Port St. Lucie estate, an expansive equestrian and hunting ranch spanning nearly 378 acres, for $30 million. Known as La Potencia II, a nod to Céspedes’ nickname, “The Power,” the property reflects the same intensity, ambition, and precision that defined his professional baseball career. La Potencia II is listed with Julian Johnston and Lina Agosto of The Corcoran Group.

Built in 2018, the ranch is both a personal retreat and a fully functional sporting compound, designed to cater to equestrian pursuits, game hunting, and luxury living. At the center of the estate is a striking 15,785-square-foot modern residence, offering six bedrooms, four full bathrooms, and two powder rooms. The home’s design emphasizes open, airy spaces with soaring ceilings, a chef’s kitchen, and seamless transitions between indoor and outdoor living areas.

Beyond the main residence, La Potencia II includes over 31,000 square feet of built space across the property. Notable additions include a 12-stall horse stable with training yards, a private game processing facility, and a professional-grade batting cage — a testament to Céspedes’ roots in the sport that brought him international acclaim. Perhaps most uniquely, the estate features a custom-built barber shop, designed by Céspedes to maintain his grooming routine without leaving the ranch.

Outdoors, the grounds are tailored for both relaxation and sport. A 40-by-20-foot heated pool, spa, and screened patio sit amid tropical landscaping, while the vast acreage offers opportunities for horseback riding, training, and hunting wild boar and other game across miles of private terrain.

The property’s location offers a rare balance of privacy and accessibility. Though secluded, La Potencia II is just minutes from spring training facilities, making it especially appealing to professional athletes or those connected to the baseball world.

Céspedes, a two-time Home Run Derby champion and a key player in the New York Mets’ 2015 World Series run, has always been known for his explosive power and larger-than-life persona. The creation of La Potencia II reflects the same ethos — a space designed not only for performance but for escape, independence, and the cultivation of a lifestyle on one’s own terms.

With this listing, Céspedes offers a glimpse into the private world he built beyond the diamond — a property that embodies both his athletic legacy and his love for wide-open spaces.

Images via Immersive Media

13th Floor Investments to Break Ground on Link at Boca, a New Transit-Oriented Development in Boca Raton

South Florida’s push toward transit-oriented living continues as 13th Floor Investments has announced plans for Link at Boca, a mixed-use development set to rise adjacent to the Boca Raton Tri-Rail Station. The project, a public-private partnership with the South Florida Regional Transportation Authority (SFRTA), is scheduled to break ground this summer, delivering a new residential and retail hub designed to enhance connectivity and urban living in one of the region's fastest-growing cities.

The eight-story development will introduce 340 residential units, with a mix of studio, one-, two-, and three-bedroom floorplans ranging from 600 to 1,300 square feet. The residences will feature high-end finishes such as quartz countertops, custom cabinetry, floor-to-ceiling windows, and expansive balconies. Residents will have access to an extensive suite of amenities, including a resort-style pool deck, coworking spaces, wellness facilities, a virtual golf simulator, and outdoor recreation areas. A 650-space parking garage will support both residents and transit users, enhancing the project's role as a mobility hub.

Beyond residential offerings, Link at Boca will incorporate over 24,000 square feet of street-level retail space aimed at serving both the local community and Tri-Rail commuters. The pedestrian-friendly design will feature wide sidewalks, bike paths, landscaped courtyards, and water features reminiscent of Mizner Park. Retail leasing, led by Comras Company, is underway with plans to attract food and beverage, wellness, and lifestyle brands that complement the development’s urban vision.

“This project reimagines the Boca Tri-Rail Station as more than just a transit point—it becomes a vibrant neighborhood where people can live, shop, and connect,” said Arnaud Karsenti, Managing Principal of 13th Floor Investments. “We’re creating a new standard for transit-oriented development in South Florida.”

Link at Boca is part of 13th Floor’s broader strategy to expand its Link-branded developments near major transit nodes. The firm recently completed Link at Douglas in Miami and has plans for Link at SoMi near the South Miami Metrorail Station. Since its inception in 2008, 13th Floor has delivered nearly 4,000 residential units across South Florida, with over 4,800 additional units in the pipeline as the firm continues to expand its residential, mixed-use, and industrial portfolio.

Strategically located off Yamato Road, adjacent to I-95 and near the El Rio Trail, the project offers seamless access to the Boca Raton Innovation Center, Florida Atlantic University, Boca Raton Airport, and various recreational and retail destinations, positioning Link at Boca as a new cornerstone of connectivity and convenience in the city.

Images via 13th Floor Investments

World's First Yacht-Branded Condo 'Riva Residenze' in Fort Lauderdale Reveals New Interior Renderings

Fort Lauderdale’s luxury landscape just got a major boost. The highly anticipated Riva Residenze—the world’s first yacht-branded condominium—has officially revealed its interiors, giving a first look at what promises to be one of South Florida’s most exclusive and nautically inspired residential experiences. Perfectly timed with the city’s moment in the national spotlight—thanks to the Florida Panthers historic back-to-back Stanley Cup win—Riva Residenze is redefining waterfront living.

Nestled along the Intracoastal in Fort Lauderdale Beach, the 20-story, 36-residence tower is a collaboration between WellDuo, Vertical Developments, GCF Development, and iconic Italian yachtmaker Riva. The interiors, masterfully curated by superyacht designer Giuseppina Arena, channel the brand’s signature elegance, craftsmanship, and maritime heritage. From the sleek wood paneling to custom furnishings by Formitalia, every detail of the project’s interiors—whether in the primary bedrooms, spa suites, or open-concept living areas—echoes the look and feel of a Riva yacht. Amenities are no less impressive: residents will enjoy access to a private marina, a spa suite, a state-of-the-art gym, and a serene pool deck complete with sauna and steam rooms.

Standout design moments include a dramatic ground-floor entry that mimics a luxury yacht deck, expansive bathrooms with marble and ocean views, and a kitchen that blends high-end functionality with refined finishes. The primary bedroom opens to a spacious balcony, while the studio den offers a cozy, nautical-toned retreat. With Arquitectonica leading the architectural design and Arena bringing superyacht sophistication ashore, Riva Residenze isn’t just a residence—it’s a lifestyle docked in one of America’s most exciting waterfront cities.

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

Continuum Company Reveals Expanded Vision for Continuum Waterfront District in North Bay Village

Continuum Company has introduced a new vision for North Bay Village with the unveiling of the Continuum Waterfront District, a proposed two-phase, mixed-use development spanning more than three acres along Biscayne Bay. Master-planned by Continuum, the Commission unanimously approved the plan that will transform Kennedy Causeway into an iconic waterfront destination.

Anchored by the first phase, Continuum Club & Residences and a historic deck at the water’s edge, the Continuum Waterfront District brings together thoughtfully designed residential, hospitality, retail, and recreational spaces. Consistent with the NBV100 Master Plan, the District emphasizes walkability, waterfront access, and lush green civic spaces that connect residents and visitors to stunning Biscayne Bay.

The vision for the Continuum Waterfront District includes two Continuum Club residential condominium towers, a Continuum-branded boutique hotel with rooftop pool and curated lifestyle experiences. The broader district will feature new restaurants and bars, a renovated marina, outdoor wellness areas, and retail storefronts, all of which will contribute to a pedestrian-friendly waterfront lifestyle.

“Our vision for North Bay Village is to transform this waterfront neighborhood into a sought-after destination,” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “We are extremely appreciative of the support we received from the staff and the Commission as we planned this District in partnership with North Bay Village”.

“The Continuum Waterfront District is our vision of the pinnacle of bayfront living,” said Allie Eichner, President of Continuum Florida. “The Continuum Waterfront District is our opportunity to help shape a neighborhood that celebrates Miami’s unique waterfront lifestyle.”

Continuum Club & Residences, currently under construction and nearly 50 percent sold, is the district’s first phase. The tower features over 60,000 square feet of amenities, including a waterfront resort-style pool, a wellness center with a gym, yoga studio, longevity spa, marina, and curated lifestyle perks such as private yacht club and beach club memberships, as well as a premium membership to Dorsia, an exclusive dining platform. It builds on Ian Bruce Eichner’s legacy, whose development of Continuum South Beach played a pivotal role in transforming Miami’s South of Fifth neighborhood.

Renderings via Continuum Company

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

Florida Panthers Capture Back-to-Back Stanley Cups, Cementing South Florida as a Hockey Dynasty

The Florida Panthers made history last night, defeating the Edmonton Oilers 5–1 in Game 6 to secure their second consecutive Stanley Cup title. Led by a stunning four-goal performance from Sam Reinhart and backed by the stonewall goaltending of Sergei Bobrovsky, the Panthers dominated from puck drop to final horn. A sellout crowd at Amerant Bank Arena in Sunrise roared as the Cats played their signature hard-nosed, physical brand of hockey — swarming the puck, delivering big hits, and relentlessly pressuring the Oilers in all three zones. With deafening chants, flying rubber rats, and red rally towels in motion, fans created a raucous home-ice atmosphere that fueled a championship-clinching performance.

The 2025 playoff run showcased the Panthers' depth, grit, and dominance. They rolled through rivals Tampa Bay, Toronto, and Carolina before exacting revenge on Edmonton in a Stanley Cup rematch. Sam Bennett led the team with 15 playoff goals, earning the Conn Smythe Trophy, while veterans like Matthew Tkachuk, Brad Marchand, Aleksander Barkov, Carter Verhaeghe, Gustav Forsling, Seth Jones and Aaron Ekblad anchored a team that has now reached three straight Finals and won two. With their second championship in as many years, the “Red Reign” is officially underway—transforming Florida from an underdog to a full-fledged hockey dynasty in the making.

Beyond the ice, the Panthers’ success has sparked a surge in hockey’s popularity and economic impact across South Florida. From packed watch parties and celebratory parades to soaring merchandise sales and tourism boosts, the back-to-back wins are injecting over $200+ million into the local economy. Youth hockey participation is climbing, and the NHL is reportedly eyeing Miami for future marquee events. What once seemed like a long shot has now become reality: South Florida isn’t just a hockey town — it’s the hockey town.

Images via PROFILEmiami and Andrew Rainerman