Turnberry Associates and LeFrak Organization Lock Down $32 Million Construction Loan For SoLé Mia

Turnberry Associates, led by Jackie Soffer, and the LeFrak Organization, led by Richard LeFrak, have locked down a $32 million construction loan for the 187-unit Villa Solé at the $4 billion SoLé Mia mixed use masterplan in North Miami. The loan was provided by JP Morgan Chase Bank. Villa Solé is a 187 unit, 6-story multifamily building designed by MSA Architects with interiors by KDS Interiors. The building topped off Q1 2021 and is expected to be delivered Fall 2021. The developers have also planned another 190-unit multifamily building Villa Laguna.

In March 2019 the first residential tower at SoLé Mia, The Shoreline, was delivered. The SoLé Mia masterplan includes 12 towers, 500,00 SF of retail and commercial space, a 225,000 SF University of Miami Health Center, all anchored around South Florida’s first 7-acre Crystal Lagoon, Laguna Solé, at the $4 billion, 184-acre master-planned community, SoLé Mia. SoLé Mia will ultimately be a 183-acre master-planned community with the entire development expected to take over 10 years to complete. In total SoLé Mia will feature 4,300 residential units, retail, entertainment and recreation.

The Estate Companies Gearing Up To Break Ground On Soleste NoMi Beach In North Miami Beach

The Estate Companies, a subsidiary of Estate Investments Group (EIG), is gearing up to break ground on Soleste NoMi Beach in North Miami Beach. The project, which is located at 16395 Biscayne Blvd., will feature 367 apartment units, 2,708 square feet of commercial space and 655 parking spaces. The Estate Companies acquired the site in December 2020 for $13.1 million after the project, designed by Form Group, was approved in September 2020.

Macken Companies Announces Development Of Koya Bay Luxury Townhome In North Miami Beach

Macken Companies has announced plans to develop Koya Bay luxury townhome in North Miami Beach and scheduled to break ground Q2 2021. The development plans include 10 four-story luxury residences in the waterfront community of Eastern Shores. Each residence will feature a private elevator, rooftop terrace, dock, and two-car garage with optional car lift. 

“I have had my eyes on this site for a long time and we are excited to finally deliver a project designed to capture the opportunity this beautiful property presents,” stated Alan Macken, CEO Macken Companies. “Koya Bay is a boater’s delight with no fixed bridges and minutes away from the Haulover cut and sandbar. Once again, we have partnered with our award-winning team of design professionals, and the result is an exceptional boutique community of waterfront townhomes that we believe provides our buyers with a distinct opportunity.”  

Koya Bay will feature three, four and five bedroom floorplans ranging between 2,900-3,600 sq.ft with pricing starting at $1.9 million. Randall Stofft Architects and Witkin Hults Design Group have designed these waterfront townhomes in a modern but earthy style. Residents will enjoy the safely of the gated community with around the clock security along with amenities including beach and boat club memberships. 

Koya Bay is located in the neighborhood of Eastern Shores at 4098 NE 167 St. in North Miami Beach. It is located within a few minutes’ drive to the beach, Aventura Mall and Bal Harbour Shops. Macken Realty is the exclusive sales agent for Koya Bay.

Tracking COVID-19 By The Numbers: Breaking News In South Florida

(Last Updated 6:14 AM 3/27/2020):

BREAKING: 

• City of Miami officials have announced a curfew for its residents that will begin Friday night. According to officials, all residents must be indoors from 10 p.m. until 5 a.m. (3/27/2020)

• Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

• Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business 9 PM Thursday. (3/20/2020)

• All U.S. Citizens traveling around the world should return home ASAP or be prepared to stay abroad for an indefinite period. (3/19/2020)

Continue to check back for updates to below as we continue to track COVID-19 across South Florida:  

Stats:

• Number of Cases in Florida: 830+ (3/23/2020)

• Fatalities in Florida: 13+ (3/23/2020)

• Number of Global Cases: 351,000+ (3/23/2020)

• Global Fatalities: 15,321+ (3/23/2020)

• Number of U.S. Cases: 35,075+ (3/23/2020)

• Fatalities in the U.S.: 458+ (3/23/2020)

Miami-Dade County:

• Miami-Dade County # Cases: 2900+ (3/27/2020)

• BREAKING: Miami-Dade County and the City of Miami Beach have ordered all hotels, motels and short-term rentals to begin immediately shutting down and vacate their guests, with full-closure by 11:59 PM on Monday, March 23. (3/21/2020)

• BREAKING: Miami-Dade Mayor Issues Executive Order Closing All Non-Essential Business (3/20/2020)

• CONFIRMED CASES IN BRISTOL TOWER BRICKELL & SOHO BEACH HOUSE (3/19/2020)

• Officials have ordered the closure of all restaurants, bars, movie theaters, concert houses, auditoriums, playhouses, clubs, gyms, arcades, bowling alleys, etc. which will go into effect 11 PM Tuesday. All grocery stores, pharmacies, take-out and delivery services will remain open at this time (3/17/2020)

  • All bars and nightclubs will be closed for 30 days.

  • Restaurants will only be able to operate at half capacity.

  • Exceptions granted if they have a capacity of 10 people or less.

  • Mayor Carlos Jimenez signed the emergency order, but remains in self-quarantine after being exposed to a Brazilian government official who tested positive following a visit to South Florida.

• Miami-Dade Public Schools are now closed through at least April 15. (3/19/2020)

  • Miami-Dade Public Schools have closed this week and next. (3/16/2020)

• Key Biscayne and North Miami Beach have implemented curfew between 10 PM and 5 AM (3/19/2020)

• Officials have closed the beach from 5th to 15th Street, including Lummus Park.

• All city parking garages are closed to non-residents.

• In addition, all non-essential retail stores will be required to close at 10 p.m. daily. (3/16/2020)

  • Businesses excluded from this directive include: Pharmacies, grocery stores, convenience stores, private offices, banks, hotels, hospitals, medical service providers, medical supply stores, hardware stores, gasoline service stations and automotive supply and repair centers.

• An entertainment district curfew will go into effect at 11 p.m.

• All restaurants are asked to keep occupancy at 50% or less, and have under 250 people in each establishment at any given time.

• Ultra Music Festival has been cancelled.

• Miami Music Week has been cancelled.

• ArtScape Concert has been cancelled.

• The Miami Open Tennis Tournament has been cancelled. 

• University of Miami & FIU have moved classes online until the end of the spring semester. (3/20/2020)

• University of Miami Spring Commencement postponed until December. (3/20/2020)

• The Hardrock Seminole Hotel & Casino has suspended entertainment operations. 

• Calle Ocho Festival has been cancelled.

• Mayor Francis Suarez has confirmed that he has COVID-19.

Broward County:

• Broward County # Cases: 180+ (3/23/2020)

• Broward County Public Schools are now closed through at least April 15. (3/19/2020)

• Officials have closed the beach from Harbor Beach to Oakland Park Boulevard.

• Restaurants and bars must close by 10 p.m.

• Restaurants and bars are asked to operate at 50% capacity and have no more than 250 people at any time.

• The Tortuga Music Festival, which was set to run from April 17-19, has been postponed.

• The Wharf Fort Lauderdale is closed until further notice.

• The listed measures will remain in effect until April 12.

Palm Beach County:

• Palm Beach County # Cases: 59+ (3/23/2020)

• Town of Palm Beach implements curfew until further notice from 9 P.M. - 6 A.M. (3/18/2020)

• Palm Beach County Public Schools are now closed through at least April 15. (3/19/2020)

• Beaches will be closed on Tuesday 3/17/2020

• Nursing Homes and Assisted Living Facilities are closed to visitors.

• Drive-through testing underway at FoundCare (2330 S. Congress Ave, West Palm Beach - call 561-967-0365 to see if you qualify and for appointments)

National:

• BREAKING: The Federal Government has passed a $2.2 trillion stimulus package.

• United States of America # Cases: 35,075+ (3/23/2020)

• United States of America Fatalities: 458+ (3/23/2020)

• Income tax filing deadline moved to July 15 (3/20/2020)

• Foreclosures and HUD evictions have been halted for 60 days.

• CDC recommends ban on gatherings of 10+ people. 

• The Players Championship was cancelled & PGA Tour is suspended.

• NBA, NHL, MLB and MLS have suspended their seasons. 

• All ski resorts have closed.

Take A First Look Inside The Shoreline At LeFrak & Turnberry's Solé Mia Mega-Project

The Shoreline, Solé Mia’s first two residential towers, has revealed a first look at the completed project where move-ins have begun. Jointly designed by Miami-based Arquitectonica and Robert M. Swedroe Architects, the Shoreline consist of two 17-story towers with 397 rental residences with studios, one, two and three-bedroom layouts. The Shoreline overlooks Sunny Isles, Oleta State Park, Biscayne Bay and the Atlantic Ocean. Amenities include two residential lounges, fitness center, business center, automated package rooms, a pool deck with jacuzzi, and access to South Florida’s first 7-acre Crystal Lagoon, Laguna Solé, which is set to open this Spring 2019.

The Shoreline is the first two towers of what will be 12 towers, 500,00 SF of retail and commercial space, a 225,000 SF University of Miami Health Center, all anchored around South Florida’s first 7-acre Crystal Lagoon, Laguna Solé, at the $4B, 184-acre master-planned community, Solé Mia. Solé Mia will ultimately be a 183-acre master-planned community with the entire development expected to take over 10 years to complete. In total Solé Mia will feature 4,300 residential units, retail, entertainment and recreation. Solé Mia is being developed by the NY-based LeFrak in collaboration with the Miami-based Turnberry Associates led by Jeff Soffer.

Apeiron at the Jockey Club Plans to Launch Sales Next Year After Winning Approval in North Miami

The Biscayne Shores Community Council voted unanimously on November 8th to approve the Apeiron at the Jockey Club, hotel and residential development at the existing 13-acre Jockey Club common grounds. The Jockey Club is located at 11111 Biscayne Boulevard near North Miami. The developers, Muayad “Mo” Abbas, Horst Schulze and Michael Bedner, plan to launch presales early next year. The project would include 120 condominium units, 90 hotel rooms, a 5-acre healthy and wellness facility, a 50-slip marina with deep water dockage, tennis courts, pools, dog park and beautifully landscaped grounds. The tower will be designed by Rafael Moneo. The developers purchased the land for $3.25 million in 2014 and secured $21 million in financing in December 2015. Since then the project has been tied up in litigation against residents of the Jockey Club from a suit filed in March 2016. A judge issued a final ruling in may to allow the developers the right to develop the property as well as control maintenance.