Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove

Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has secured a $138.5 million construction loan from BDT & MSD Partners (“BDT & MSD”), through its affiliated funds, and BHI, the U.S. Bank of Bank Hapoalim, B.M. for Ziggurat, a mixed-use development that will enhance the heart of Coconut Grove, while ensuring homage to the area’s deep history and heritage. The financing was arranged by Lotus Capital Partners, led by Faisal Ashraf.

Located on 1.7 acres at 3101 Grand Avenue, at the intersection of Grand Avenue, Matilda Street and Florida Avenue, Ziggurat will introduce world-class office, residential, and retail offerings, that reflect the vibrant and unique character of Coconut Grove.

The development includes two towers: a five-story 100,000 square foot trophy office building which will set the high watermark for office space in Miami, and a three-story condominium building with 18 ultra-luxury residences, and approximately 45,000 square feet of retail space on the ground floor.

The rooftop of the office structure will house a restaurant and lounge by a local Michelin-starred chef with spectacular views of Biscayne Bay.

Ziggurat also features pedestrian-friendly paseos leading to a central interior courtyard filled with lush landscaping and surrounded by best-in-class local bistros, boutiques and wellness-oriented retail.,

The residential component, exclusively represented by ONE Sotheby’s International Realty, features residences from 1,254 sq ft to over 5,000 sq ft. Prices ranging from $3.5 million to $15 million. Each residence overlooks the soon-to-be revitalized Kirk Munroe Park, set to undergo an $8 million renovation in partnership between Allen Morris Co. and the City of Miami.,

Groundbreaking is anticipated for December 2025, with completion expected for early-2028.

Designed by Oppenheim Architecture, the development will be a captivating addition to Coconut Grove’s landscape, blending the area's rich natural surroundings with modern architectural elements.

Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with The Allen Morris Company. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts.

The Espinosa family, a longstanding and highly regarded family in the Grove, who have owned and operated Grove Laundry & Cleaners on the site since 1961, will partner with The Allen Morris Company on the project.

“We designed Ziggurat to be a contextual extension of the Grove’s essence. With natural stone cladding and gardens wrapping every level of the building, we are seeking to build a landmark that respects the past while elevating the future of architecture in South Florida,” said W. A. Spencer Morris, President of Allen Morris Co. “Paired with a reimagined public greenspace and a lineup of extraordinary local culinary talent, this project reflects our deep commitment to place-marking at the highest level.”

“This project reflects our strategy of identifying high-quality real estate opportunities backed by experienced sponsors in markets with durable, long-term demand drivers,” said Jason Kollander, Partner & Head of Real Estate Credit at BDT & MSD. “Coconut Grove’s enduring appeal and development momentum make it an attractive submarket, and we’re pleased to support the Allen Morris Company in delivering a development that adds vibrancy and momentum to the neighborhood’s continued evolution.”

“BHI’s strategy is rooted in thoughtfully expanding into markets where we can help deliver highly distinguishable inventory that adds meaningful value”, said Adrian Rahimi, VP of Commercial Real Estate Financing at BHI. “We’re excited to continue to expand the bank’s South Florida presence by partnering with world-class sponsors and highly sophisticated and experienced lenders.”

“Ziggurat sets a new standard for luxury living in Coconut Grove,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “The appeal and interest in this project, not unexpectedly, has been on a global scale.”

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

Naftali Group Secures $465 Million In Construction Financing for JEM Private Residences in Miami Worldcenter

Real estate development and investment firm Naftali Group has secured a combined $465 million in construction loan financing for the development of JEM Private Residences in Downtown Miami. Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, provided $235 million in C-PACE financing, while Bank Hapoalim (BHI) supplied an additional $230 million in traditional construction loans.

Located in the heart of Downtown Miami’s urban core within Miami Worldcenter, JEM Private Residences is a 67-story luxury tower designed by Arquitectonica and Rockwell Group, featuring 259 residences beginning on the 43rd floor, including exclusive Sky Villas with Interiors by FENDI Casa that crown the top of the development with the brand’s timeless aesthetic. Its 50th-floor amenity suite offers resort-style living with a 60-foot outdoor pool with a sculpture by Lorenzo Quinn, indoor Sky Lounge, state-of-the-art fitness center, boxing arena, yoga patio, spa suite with steam, salt, and sauna rooms, along with a co-working space and spirits tasting room for refined social experiences.

“Today, we closed the second phase of our construction loan while hundreds of construction workers are working hard on building our remarkable project in the heart of Miami Worldcenter,” said Miki Naftali, Chairman and CEO of Naftali Group. “Our JEM private residences offer quality second to none in one of the only walkable destinations in Miami with world-class retail, museum and cultural institutions, entertainment and incredible dining. It is the center of all major transportation, like the Brightline, Metrorail and the Miami International Airport. With JEM Private Residences, we’re bringing a new level of design, quality and attention to detail that defines our work, creating a building that will stand the test of time in the Miami skyline.”

Alexandra Cooley, CEO and Chief Investment Officer of Nuveen Green Capital, said, "It was an honor to partner with Naftali Group once again for this notable luxury property in downtown Miami. By leveraging C-PACE's low-cost, long-term financing and structuring flexibility, in combination with BHI’s senior construction loan, Naftali was able to finance their project cost-effectively. This record-setting transaction—the largest C-PACE-financed multifamily project to date in Florida—underscores the continued adoption of C-PACE by institutional borrowers to fund their large-scale projects.”

“South Florida remains a key market within BHI’s strategic growth plan, and partnering with developers who bring meaningful, lasting impact to the region is central to our approach,” said Ilana Druyan, Senior Vice President – Team Leader and Head of International Origination – CRE at BHI. “Naftali Group’s presence in Miami is growing, and we’re pleased to support their ongoing efforts to expand compelling inventory throughout the Miami market.”

Construction progress for JEM Private Residences is already underway. The project broke ground in April 2024, just under 6 months after bringing the project to market, which is atypical for the Miami real estate market. That momentum is reflected in the market as well, with sales moving at a strong pace, including the recent $8 million sale of Sky Villa 2 with Interiors by FENDI Casa. This move speaks to Naftali Group’s track record as a developer and underscores its confidence in the continued efforts to bring high-quality residential products to South Florida. The project is now rising past its sixth level and remains on track to be completed in Q4 of 2027.

Renderings via Hayes Davidson

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

RIVANI Acquires $23 Million Palm Island Waterfront Estate, Plans Landmark Multi-Million Transformation

Robert Rivani, Founder of disruptive real estate firm RIVANI, has acquired a premier waterfront estate on Miami Beach’s exclusive Palm Island for $23 million. The property is set to undergo a multi-million-dollar transformation into one of the island’s most prestigious private residences.

Located at 16 Palm Avenue, the estate spans a 35,348-square-foot lot that showcases approximately 220 feet of prime, south-facing waterfront capable of accommodating yachts up to 205 feet. Set within the coveted, police-guarded Palm Island community, the property offers a rare blend of privacy, security, and unobstructed bay views.

“Our vision is to create a legacy property that is timeless and exceeds the expectations of today’s luxury buyer on every level,” said Robert Rivani, Founder of RIVANI. “Our commitment to uncompromising quality and transformative luxury spaces is reflected in all of our projects, and will be incorporated into every aspect of this home.”

Drawing influences from the world’s finest resorts and properties, Rivani will reimagine the estate as a South of France-inspired sanctuary blending the timeless elegance of the Mediterranean layered with architectural intimacy and the distinctive character of Miami. The design will incorporate the highest caliber organic materials and finishes, taking cues from the bay and lush outdoors with every element thoughtfully executed to deliver an exceptional living experience.

Dina Goldentayer of Douglas Elliman represented Rivani for the transaction, while Luis Bosch of Venetian International held the listing.

“Originally listed at $32.5 million, Robert acquired this estate at a significant discount, a testament to his ability to identify undervalued properties and unlock their true potential,” said Goldentayer. “The property has it all–scale, pedigree, location, and breathtaking water frontage—all exceedingly rare in Miami’s highly competitive luxury market. With Robert’s visionary approach, it’s destined to become a true legacy estate.”

RIVANI continues to disrupt traditional real estate by transforming hospitality, retail, and office properties into vibrant, lifestyle-driven destinations. With over $1 billion in real estate transactions executed independently, the firm’s portfolio includes an iconic roster of projects including a landmark ‘Class X’ luxury office building The RIVANI on Miami Beach, which attracted Playboy Enterprises as a marquee penthouse tenant. The firm is also behind the recent $37 million acquisition of the historic Lincoln Theatre building, acclaimed waterfront destinations including the upcoming GAIA, and the fully leased Wynwood Jungle and 325,000-square-foot regional power shopping center The Gardens in New Jersey.

Images via Legendary Productions/ Dina Goldentayer

For more information about RIVANI or to inquire about purchasing a home on Palm Island please fill out the form below:

Related Ross Celebrates The Topping Off Of The Robert A.M. Stern-Designed South Flagler House In West Palm Beach

Related Ross has officially topped out South Flagler House, the developer’s first luxury condominium in Florida, at 28 stories. The milestone comes just one year after the start of vertical construction at the development, which is located at 1355 South Flagler Drive in West Palm Beach. The top out was commemorated with a private ceremony attended by Related Ross executives, top residential brokers, project partners, and local officials. Construction is overseen by Coastal Construction.

South Flagler House will comprise of 105 two-to five-bedroom homes spread across two 28-story towers, The North Tower and The South Tower. A new residential landmark in West Palm Beach, South Flagler House marks Robert A.M. Stern Architects’ first luxury residential tower in South Florida to reach its top milestone, and features interiors designed by the acclaimed Pembrooke & Ives. Set on an idyllic waterfront site overlooking Palm Beach Island and the Atlantic Ocean, South Flagler House embodies the pinnacle of coastal sophistication and is expected to welcome residents in 2027.

“South Flagler House’s topping out brings us one step closer to delivering one of the most anticipated new developments in South Florida. With a tremendous buyer response to date, South Flagler House offers thoughtfully designed residences and an unparalleled lifestyle tailored to discerning buyers,” said Bryan Cho, Executive Vice President of Related Ross.

“South Flagler House draws inspiration from the architectural heritage of Palm Beach while establishing a new benchmark for classical design and modern living in West Palm Beach,” said Paul Whalen, Partner at Robert A.M. Stern Architects. “Its composition, materials, and craftsmanship reflect a lasting commitment to elegance and place.”

South Flagler House boasts 50,000 square feet of thoughtfully programmed residential amenities, all designed to provide relaxation, wellness, and refined social living. These amenities include a resort-style pool deck, wellness and fitness facilities, three distinct culinary concepts, private dining spaces, an indoor pickleball court, a children's and teens STEM room, a card room and library, a theater, and a suite of hospitality-driven services for South Flagler House’s residents.

Sales at South Flagler House are being led by Adam McPherson, Related Ross’s Senior Vice President of Residential Sales, in coordination with Suzanne Frisbie of The Corcoran Group and Corcoran Sunshine Marketing Group. Pricing for current availability at South Flagler House starts at $6 million and ranges up to $72.5 million.

Images via South Flagler House

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

OKO Group and The Bastion Collection Partner To Introduce 'Seia', A New Hospitality Concept Atop 830 Brickell

OKO Group, the international real estate development firm founded by investor and developer Vlad Doronin and The Bastion Collection, a global leader in fine dining and luxury hospitality with a portfolio distinguished by 10 Michelin Stars and 3 Michelin Keys since 2019, have revealed a landmark partnership atop 830 Brickell, Miami’s premier 55-story Class A office tower.

The first building of its kind to be developed in the city for over a decade, 830 Brickell is a fitting home for the collaboration between OKO and Bastion who will bring a distinctive blend of business sophistication and vibrant social energy to Miami’s culinary landscape—filling a necessary niche in the city. The debut concept from the partnership introduces Seia, a contemporary Italian restaurant and private membership club located on the highest two floors of the tower (54th and 55th), complete with an expansive open terrace and panoramic views over Miami’s bustling financial district.

The two intrinsically connected yet distinct spaces, with interiors designed by Zervudachi, Roberts and Macadam London, will launch in 2026, complemented by an exclusive all-day café available to 830 Brickell tenants. Developed by OKO Group and Cain International, the newly delivered contemporary office tower brings a prestigious commercial offering to Miami’s Brickell Financial District – often referred to as the “Wall Street of the South.” The fully-leased building’s roster of best-in-class global tenants includes Microsoft, Citadel, Kirkland & Ellis, Marsh, Sidley Austin, Corient (formerly known as CI Financial), Thoma Bravo, Santander Bank, A-CAP, among others.

A distinguished partner to bring a refined hospitality offering to the area, The Bastion Collection’s stellar reputation in Miami is underscored by two acclaimed restaurants in the Design District: L’Atelier de Joël Robuchon, the city’s sole two-Michelin-starred establishment, and Le Jardinier, honored with one Michelin star.

Speaking about the collaboration, Vlad Doronin, Chairman and CEO of OKO Group, said, "With 830 Brickell, we set out to deliver an international calibre of architecture and lifestyle to the heart of Miami's financial district. Partnering with The Bastion Collection to develop Seia and Seia Club elevates that vision and introduces a new benchmark for culinary and exclusive social experiences in the city. Together, we are creating a destination that reflects Miami's global stature, bringing a new dimension of sophistication and world-class gastronomy to Brickell.’

“We’re proud to partner with premier developer OKO Group on Seia, which we know will become a crown jewel within the iconic 830 Brickell,” said Jamal Daniel, owner of The Bastion Collection. “This project is an extraordinary opportunity to bring our culinary and operational expertise to Miami’s most prestigious address, introducing concepts designed to evolve into institutions that serve Brickell’s corporate clientele by day. By night, Seia will become a destination for those seeking an elevated social experience.”

Images via The Bastion Collection

Bentley Residences Miami Completes Largest Residential Construction Concrete Pour in Florida History

Dezer Development, in collaboration with Bentley Motors, has completed the mat foundation concrete pour for Bentley Residences Miami, the world’s first and only Bentley-branded residential tower, located at 18401 Collins Avenue in Sunny Isles Beach. Executed in partnership with Coastal Construction, the milestone marks a new record for the largest residential construction pour in the state of Florida as well as the second largest foundation concrete pour in the nation. Taking place over 36 continuous hours, the pour involved 2,100 truckloads and 20,000 cubic yards of concrete, 2,400 tons of reinforcing steel, and 10 concrete pumps. With the foundation for the tower now complete, Bentley Residences is ready to rise to its full height of 716 feet, making it one of the tallest buildings on any US oceanfront. Pricing starts at $5.8 million.

“Setting a record of this scale is an incredible achievement and a defining moment for Bentley Residences,” said Gil Dezer, President of Dezer Development. “This milestone is not only a testament to the strength and precision behind the project but also to the shared vision of creating a landmark that embodies innovation, craftsmanship, and the future of luxury living in Miami.”

Designed by Sieger Suarez Architects in partnership with Bentley Motors, Bentley Residences will feature 216 residences embodying Bentley’s design language. The brand’s iconic signature diamond pattern, exquisite craftsmanship and precision engineering will be integrated throughout its architecture and interiors. As the tower moves steadily toward its 2028 completion, this milestone marks a defining moment in Bentley Residences’ journey from vision to reality.

“The mat foundation pour at Bentley Residences marks a defining milestone for one of South Florida’s most extraordinary developments. As the largest pour of its kind in the region, this achievement reflects the enduring partnership between Dezer Development and Coastal Construction,” said Sean Murphy, Co-President of Coastal Construction. “This is a testament to our project team’s hard work and dedication and we look forward to the next major milestone, as we go vertical!”

Quality craftsmanship is an essential component of Bentley Residences. Spanning from 5,256 to 6,333 square feet, each residence embodies Bentley’s craftsmanship and sense of luxury with expansive indoor-outdoor living spaces, private heated swimming pools, summer kitchens, and sweeping ocean and Intracoastal views. At the heart of the building is the Dezervator, a patented automobile elevator that transports both driver and vehicle directly to a private sky garage, providing unmatched privacy and convenience. Inside, homes feature state-of-the-art Gaggenau appliances, Italian-designed cabinetry, and spa-inspired primary bathrooms with private saunas, behind-mirror televisions, and outdoor showers in select residences. Finishing touches such as chrome accents, textured door handles, and Bentley’s signature diamond patterning complete an environment that captures the brand’s spirit of precision, innovation, and elegance.

The lifestyle experience at Bentley Residences will be enhanced by a 20,000-square-foot suite of resort-style amenities and curated services that mirror Bentley’s dedication to sophistication and comfort. Residents will enjoy exclusive access to a private restaurant helmed by four-time James Beard Award-winning chef Todd English, a whiskey bar, cigar lounge, cinema, spa, oceanfront beauty salon, and fitness center, alongside a lushly landscaped beach club and pool deck with cabanas and food and beverage service. Through a long-standing collaboration with Luxury Living Group, Bentley Home will also offer residents exclusive, custom furnishing concepts inspired by the brand’s iconic automotive design.

Images via Bentley Residences Miami

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

Inside Alhambra Parc: Where Miami Luxury Meets BLACKLINE’s Sales Technology

In Miami’s pre-construction market, where competition is fierce and buyer expectations are higher than ever, standing out takes more than prime location and beautiful design. It requires a sales experience that is as elevated as the residences themselves. At Alhambra Parc Residences in Coral Gables, that competitive edge comes from BLACKLINE, a platform built to power sales and transform the way buyers connect with new developments.

Blending Mediterranean-inspired architecture with modern amenities, Alhambra Parc captures the spirit of Coral Gables. But what sets it apart is not just its design — it is how the development is brought to life inside the sales gallery. Instead of simply using traditional boards and models, buyers are invited to experience the residences through BLACKLINE Realm, an immersive platform that allows them to explore layouts, compare floor plans, and even visualize views with a simple touch.

“BLACKLINE really sets our sales gallery experience apart,” says Anniella Tabraue, Sales Director for Alhambra Parc. “Buyers want more than a brochure. The 3D model allows us to show buyers where units are within the building and they can truly experience their views throughout the different times of day as well as understand the setting of the surrounding area.”

For the sales team, the benefits run even deeper. BLACKLINE is more than a presentation tool — it is the engine that drives every aspect of the sales cycle. Pricing, inventory, and client data are all centralized, ensuring accuracy and saving valuable time. “It keeps everything organized,” Anniella explains. “Everthing is updated in real-time so I know the details I’m showing clients are always current. With BLACKLINE, we’re able to match the sophistication of the product with a sales process that feels just as elevated. It makes a real difference.”

Beyond inventory management, BLACKLINE’s platform streamlines workflows for agents. From generating real-time availability reports to tracking buyer activity, the system equips the team with insights that inform strategy and improve efficiency. Features like digital reservations and automated contract workflows also make the experience seamless for buyers, making the path from interest to purchase smoother than ever.

Clients have also embraced the technology. As Tim Ng, Founder & CEO of BLACKLINE, explains: “What buyers love about BLACKLINE Realm is the ability to explore a home in a way that feels personal. They can walk through different layouts, compare options, and visualize what their life could look like before construction even begins. It brings confidence to a process that can otherwise feel abstract.”

For developers and sales agencies, the takeaway is clear. Success is no longer just about building beautiful residences — it is about creating a sales journey that reflects the lifestyle buyers are investing in.

For buyers exploring a project on BLACKLINE, they can see the spaces in real time, interact with the options, and make decisions with confidence. It’s a transparent and exciting process.

By pairing Alhambra Parc’s timeless design with BLACKLINE’s innovative sales engine, the team has set a new standard for what new development sales in Miami can look like.

Checkout the video of BLACKLINE at Alhambra Parc:

Event December 11: PROFILEmiami Spec Homes & Ultra Luxury Real Estate Summit 2025

On Thursday, December 11, 2025, PROFILEmiami will host the 2nd Annual ‘Spec Home & Ultra-Luxury Real Estate Summit 2025,’ an exclusive evening dedicated to the booming world of South Florida’s most opulent residences at the luxuriously high-tech The Lighting Loft in Midtown Miami. This one-of-a-kind event will spotlight the hottest spec homes and ultra-luxury properties from Miami, Fort Lauderdale, and Palm Beach, while exploring the full spectrum of the sector—from development and design, to financing, insurance, the ultra-competitive world of brokering and selling these lavish properties. Guests will enjoy two powerhouse panels, an ultra-luxury real estate showcase bringing together the industries top brands, and PROFILEmiami’s signature DJ-led cocktail soirée power by Cala Bennati wine designed for high-level bespoke networking.

The Summit will feature insights from some of the industry’s most respected voices, including brokerage top producers Jordan Karp of JK Real Estate and Lourdes Alatriste of Douglas Elliman, both of whom are ranked in Miami’s Top 20 top produces by sales volume in 2025; architect to the stars, Ralph Choeff of Choeff Levy Fischman; one of South Florida’s most active spec home financiers Zack Simkins of Vaster Capital; spec home developers Pascal Nicolai of Sabal Development, Jose Boschetti Jr. of Boschetti Group and Kirk Ivy of IVEY Punch / IVEY Design Build; developer and interior designer Kathy Samaan of Samaan Design Group; with Gustavo Tello of Ero Lighting and Ross Samanchuk of LUC Electric. These panelists will speak alongside alongside a roster of to be announced developers, architects, brokers, and financiers who are setting the tone for South Florida’s next wave of luxury living. Attendees will gain insider perspectives on the factors driving record pricing, the strategies behind successful spec homes, and the design trends that continue to define the ultra-luxury space. With over 150+ of the region’s most active industry leaders in attendance, the evening will serve as a platform for knowledge, collaboration, and connection at the highest level.

The Ultra-Luxury Real Estate Showcase will bring together the top brands and service providers that power South Florida’s spec home and ultra-luxury market. From world-renowned architects and interior designers to specialists in marble, stone, custom kitchens, and high-end millwork, the Showcase will highlight every element that defines today’s most exceptional homes. Guests will be able to explore innovations in smart home technology, home entertainment systems, lighting design, pool engineering, clean air and wellness systems, as well as advanced security solutions—experiencing firsthand the products and expertise that shape the region’s most exclusive properties.

PROFILEmiami’s Spec Home & Ultra-Luxury Real Estate Summit builds on a legacy of industry-leading real estate networking and educational events. This year’s program continues that tradition of convening the key players shaping South Florida’s most prestigious real estate sector, offering a rare opportunity to network, learn, and celebrate the artistry and ambition behind the region’s most remarkable homes.

Panelists:

6 PM: Designing & Building The Next Generation of Spec Homes

• Ralph Choeff, Choeff Levy Fishman

• Kirk Ivy, Ivey PUNCH / Ivey Design Build

• Gustavo Tello, Ero Lighting

• Ross Samanchuk, LUC Electric

• Kathy Samaan, Samaan Design Group

7 PM: State of the Ultra-Luxury Market

• Jordan Karp, JK Real Estate

• Zack Simkins, Vaster Capital

• Pascal Nicolai, Sabal Development / Sabal Luxury Builder

• Lourdes Alatriste, Douglas Elliman

• Jose Boschetti Jr., Boschetti Group

*Additional Panelists to Be Announced

Date: Thursday December 11, 2025 | 5 PM - 8 PM

Location: The Lighting Loft, 3650 N Miami Ave, Miami, FL 33127

Tickets: $175

Sponsors:

Showcase, Sponsorship & Event Information:

Iconic Palm Beach Estate With 250' Of Oceanfront Hits The Market For $185 Million

An iconic property originally commissioned by Joanie and Murray Goodman in 1975 has been listed for $185 million with Illustrated Properties, offering a rare acquisition opportunity in Palm Beach. Representing one of the largest oceanfront parcels to become available, the estate encompasses 2.21 acres and 250 feet of private Atlantic Ocean frontage. The sprawling compound at 911 N. Ocean Blvd. was designed by architect Henry Harding and constructed by Rick Black.

“A property like this does not come around often, if at all,” said Marley Overman, daughter of Joanie and Murray Goodman and agent with Illustrated Properties. “My parents recognized the sheer potential of this location when they built here in 1975. This is an extraordinary opportunity for the next owner to acquire a rare piece of land with such vast potential, on the ocean, with the option to subdivide if they wish.”

The property’s primary value lies in its exceptional size and beachfront dominance. In a market known for intense competition for prime real estate, the availability of 2.21 acres with 250 feet of ocean frontage is virtually unparalleled. The property retains historic elements including a preserved Mizner seawall and stairs leading down to the beach along N. Ocean Blvd. The residence features a total of 23,956 square feet across all structures, featuring 12 bedrooms, 16 full bathrooms and 4 half bathrooms.The grounds feature a main house with a pool, a separate pool house, a tennis court and a detached guest house with its own pool.

Overman noted that while the main house has seen recent updates to the kitchen, master suite, living room and breakfast room, the ideal buyer is likely a "visionary ready to build new, or a steward of history" prepared to undertake an extensive renovation or new construction project.

“We would love the next owner to keep it for many generations and enjoy it like we did,” Overman added, emphasizing the family’s legacy on the island.

Images via Illustrated Properties

Newgard Group and Imperial Moto Launch 'Revault', A Design-Driven Luxury-Auto Vault and Collector Car Community In Little River

Newgard Group, the award-winning Miami-based development firm led by Harvey Hernandez, together with Imperial Moto, the iconic Miami lifestyle brand founded by Matt McKenna, has launched Revault, a first-of-its-kind community that blends for-sale luxury car storage, private club culture, Padel sports, and curated design into a single integrated experience. Blending architecture, design and performance, Revault redefines luxury car storage by integrating customizable, for-sale Car Studios with exclusive club amenities and curated experiences.

Born from a shared vision, Revault combines Newgard’s development expertise with Imperial Moto’s deep authenticity in Miami’s car culture. Located in Little River, one of Miami’s fastest-growing creative districts, the 80,000 SF project will feature a limited collection of 16 luxury Car Studios, a members-only Clubhouse, a five-court indoor Padel Club, Imperial Moto’s signature café, and a creative campus designed for events and social connections.

“Revault is more than a real estate development; it’s a cultural ecosystem,” said Hernandez, Founder & CEO of Newgard Group, and a car collector himself. “Our team and Imperial Moto are aligned on creating something that doesn’t exist anywhere else: a destination that blends performance, design and lifestyle in the heart of Miami’s trendiest, up-and-coming neighborhood.”

At its core, Revault is a design-forward car vault concept, offering secure, climate-controlled, two-story Car Studio units with mezzanine lounges, bathrooms and fully customizable finishes. These spaces go beyond traditional car storage; they are lifestyle extensions of their owners, designed to host, work, collect, relax and connect with fellow members of the Revault Society, an invitation-only community built around shared passion for design, performance and culture.

Revault Miami Highlights:

• 16 for-sale Car Studios ranging from 2,000–8,000 sq. ft., fully finished and customizable

• 45,000 sq. ft. of hospitality-driven amenities including the Revault Concourse

• Amenities include an Owners Clubhouse with concierge services, a temperature-controlled, five-court indoor Padel Club for year-round play, a gym, spa and wellness areas

• Creative campus with work suites, conference rooms, and space for curated events and social programming operated by Imperial Moto

• State-of-the-art security and monitoring throughout the building

Revault represents the first real estate venture for Imperial Moto, known globally for design-driven experiences, creative activations and a specialty coffee culture. McKenna and Hernandez initially pursued the same Little River site independently—Hernandez focused on a collector car condo concept, while McKenna envisioned a mixed-use development including a padel component. Their ideas converged naturally, forming a foundation for a true partnership.

“Imperial Moto has always been about connection through craft, design and shared passion,” said McKenna, Founder of Imperial Moto. “Revault is the evolution of that idea—a space where we can offer more than a product or a place. It’s a full-spectrum lifestyle built for people who live what they love.”

Revault Miami, at 7441 N. Miami Avenue, Miami, Florida, is now welcoming reservation inquiries from selective owners seeking to join this exclusive car collector community. Construction is slated to begin in 2026.

In addition to Miami, the partnership is actively working on other Revault locations in Delray Beach, Palm Beach and Nashville, with other cities to follow.

Images via Newgard Group

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