Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf). The acquisition is Phase One of Grand Plaza: A $74 million mixed-use, mixed-income revitalization development aimed at building a stronger, well-balanced and vibrant community. 

Grand Plaza Phase One will consist of multiple new buildings; comprised of 50 affordable housing units, 20 deluxe apartments, 11,000 SF of ground floor retail, and underground residential and public parking. The Grand Plaza development, as planned by Metronomic President Ricky Trinidad, will “extend the vibrancy of a beautiful and historic corridor that connects Miami’s City Hall at the waterfront only blocks away, through the business and entertainment district of Coconut Grove with the City of Coral Gables, also only blocks away.  Grand Plaza is the centerpiece of this important connection.”

Located at 3364-3384 Grand Avenue, the first of the Phase One mixed-use buildings will be built on an 18,789 SF site offering 20, one- and three-bedroom luxury apartments spanning 995-2,486 SF, 49 parking spaces and two retail spaces spanning 2,533-2,744 SF. The five-story rental building will include a car-lift parking garage for residential and public parking, community outdoor plaza, pool and pool deck. The second assemblage of properties within the Phase One development will include a five-story affordable housing development offering quality living for area residents within close proximity to the workplace. Set to rise on a vacant 20,044 SF site located at 3341-3461 Grand Avenue, the 10,117-SF development will consist of 50 one-, two and three-bedroom rental units spanning 570-1,228 SF with 65 private parking spaces and three retail spaces from 1,302-1,412 SF.

“Grand Plaza will be a community-oriented, technology-driven, sustainable and innovative development that will create a significant social and economic impact on the community of Coconut Grove,” said Ricky Trinidad, President of Metronomic. “And as a mission-oriented company, we are committed to creating a well-balanced and thriving corridor along Grand Ave for all its residence to enjoy.”

Upon completion of all phases, the Grand Plaza project will add 12 new buildings in the West Grove that include luxury and affordable housing apartment rentals, street retail, office space, farmers market, entertainment venue, community park plazas, and much more. Designed by architecture firm Burgos Lanza & Associates, the project will offer 38 furnished micro units, 82 luxury apartment rental units, 50 affordable housing apartments, 44 hotel lodging units, and 76 commercial units (office and retail). Additionally, Metronomic has announced plans to facilitate rooftop passenger drone landing/take-off sites pending federal and local government approvals of the technology.

Metronomic will be hosting a groundbreaking event in June 2019 to celebrate the launch of the project.

Pordes Residential Oversees The Successful Sell-Out Of Peninsula Palm Beach and 101 Bay Harbor

Pordes Residential has recently overseen the sell out two South Florida developments, Peninsula Palm Beach and 101 Bay Harbor, marking the firm’s continued success in South Florida. Peninsula on the Intracoastal is a luxury, waterfront community of 40 luxury condominiums and 30 townhomes, located in Palm Beach County. For this development, Pordes created a targeted campaign for homeowners out west, resulting in the buyers largely consisting of individuals purchasing their second homes as well as homeowners moving east in pursuit of a waterfront property. Additionally, many empty nesters from the northeast were drawn to the luxurious amenities and prime location. 101 Bay Harbor is an enclave of luxury townhomes located in Bay Harbor Islands, one of the most prestigious locations in South Florida next to Bal Harbour, Surfside, Keystone Islands and Sunny Isles.

“The sellouts of 101 Bay Harbor and Peninsula are important steps in our continued expansion,” said Vice President of Sales and Operations Adam Kaufman. “We’ve customized our strategy to the local, domestic and Canadian markets, and it definitely paid off. In addition to our reach, we take great pride in our training process and passing on our methods to every agent we bring on board. We’re very hands-on with both our management and our clientele.”

In addition to these two sold out developments, Pordes Residential are also managing sales for Bijou Bay Harbor, which is currently 95% sold and the firm is handling the exclusive sales for Palm Villas in Bay Harbor Islands, a community of four-story villas located in Bay Harbor Islands. The luxury villas range from three- to- five bedrooms and have European kitchens, spacious rooftop terraces, and lush backyards. Palm Villas is a gated community located in a prestigious area with close proximity to luxury shopping destinations, beaches, restaurants, and schools.

Florida's 2nd Woman Architect Who Built University of Miami's Campus Sells Home For $1 Million

An extremely unique property that was built by Florida’s second registered woman architect, Marion Manley, has sold for $1,000,000. The sale was represented by Alex Enriquez & Alex Pinero of Douglas Elliman who had listed the home for $1,165,000 and the buyer was represented by Sabriane Brandao of Global Luxury Realty. Manley rose to prominence in Miami as she was responsible for the University of Miami campus in Coral Gables.

Located at 601 NE 56th St., Miami, the, 1920s era Mediterranean revival gem was built by Marion Manley herself and is a preserved era charm located in the heart of Miami’s first historic community of Morningside. Authentic era features and elegance have been preserved along with contemporary necessities. This spacious home offers a large living area with an impressive artistry blend of ironwork, woodwork and tile, can rival amazing entertaining venues. Outdoor space includes a courtyard adorned with a fountain, a fenced-in backyard and guesthouse. Additional features include impact windows, hardwood flooring, fireplace, and a third floor loft. Morningside features tree lined streets, a secured entrance and a bay front park with breathtaking bay views and amazing facilities; soccer, tennis, basketball, pool, boat ramp and picnic area.

Villa Valencia Launches Sales In Coral Gables

Villa Valencia has launched sales in “The City Beautiful,” bringing a new residential address that blends private luxury with a true downtown lifestyle. The project is being developed by Location Ventures, the Miami-based real estate investment firm with a portfolio of residential and mixed-used projects throughout South Florida. Villa Valencia will be a collection of just 39 ultra-luxury condominium residences rising 13-stories in Coral Gables, located at 515 Valencia Avenue. Designed by Hamed Rodriguez Architects, Villa Valencia’s façade is a fresh interpretation of the architectural style of Coral Gables, which harmoniously blends with its tropical modern interiors by CMA Design Studio, led by Principal Owner Cesar Molina.

Residences will range from three- to four-bedrooms spanning 2,616 to 3,276 SF on a single level. Two lower penthouse levels encompass the 11th and 12th floors, with units ranging from 2,678 SF, with 343 SF of terrace, to 4,267 SF, with more than 2,000 SF of covered and uncovered terraces. Marking the pinnacle of luxury is the full-floor, six-bedroom penthouse on the top level, a villa in the sky, at 6,263-SF, that will be complete with a private elevator and pool, 10-foot ceilings, and an expansive 4,646-SF terrace. All residences present open floor plans with deep, wide terraces and at least one corner exposure, offering sweeping views of the city, golf course, and water. Residences provide private foyers with elevator entry and are adorned with superior finishes. This includes exquisite European flooring, 10-foot exterior sliding doors, and finished custom closets. Kitchens are equipped with state-of-the-art Subzero and Wolf appliances, a wine cooler, custom cabinetry and quartz countertops.

“Villa Valencia fulfills a vision to unite estate-like living and a condominium setting without compromise,” said Rishi Kapoor, CEO of Location Venture. “To accomplish this, we have carefully conceived one of the most well-thought designs and amenity programs seen in a boutique project within this market. Coral Gables is long-recognized for its exceptional quality of life, and this project emulates that sense of timeless luxury.”

“Today’s affluent buyer, especially those seeking to live in Coral Gables, expects a product that feels customized to their needs, while fitting seamlessly into the context of its location,” added Daniel de la Vega, President of ONE Sotheby’s International Realty. “Villa Valencia leaves no stone unturned in its offerings and we are excited to unveil it to our network and the market.”

Wellness will be a centerpiece at Villa Valencia, with a rich program of spa and fitness offerings to promote relaxation and optimal health. This includes a hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, as well as a state-of-the-art fitness facility with yoga, Pilates and weight training. For outdoor enjoyment, a 78-foot resort-style pool with a lap lane and waterfall is complemented by two summer kitchens and spacious sunbeds.

Residents will be able to live, work and entertain guests comfortably in a selection of venues throughout the property, as a secondary option to in-home hosting. A tea room with a coffee bar makes for intimate early morning and afternoon gatherings, while a dinner party is ideal in the Cucina that features a full-size kitchen and full bar open to the pool deck. For engaging recreation, the lively entertainment room will have billiards, and golf and driving simulators. In contrast, an executive room with video conferencing will also allow working from home with ease while the library, with an outdoor terrace, is a tranquil haven overlooking a lush park with shaded trees. Keeping pets in mind, the park will also feature a play area for dogs with a green space and exercise run. Valet parking, 24-hour concierge and private garages make security and discrete living a priority.

Villa Valencia residences start from $1.65 million with sales and market being exclusively represented by ONE Sotheby’s International Realty. The project expects to be delivered move-in ready, completion is anticipated for summer 2021.

Alta Developers and Bacardi Foundation's South Miami Town Square Approved In South Miami

Alta Developers and the Facundo and Amalia Bacardi Foundation have been awarded approval by city commissioners to change the zoning needed to move ahead with South Miami Town Square, located at 5850 SW 73rd Street and 7331 SW 59 ave. The mixed-use project will feature 301 residential units, 24,391 SF of market space and 22,808 of retail. The developers will also build a plaza connected to the pedestrian walkway system and enhanced streetscape design to activate the surrounding public spaces. South Miami Town Square is designed by Corwil Architects.

Okan Tower Releases First Interior Renderings With Groundbreaking Planned For Late 2019

Turkish developer Okan Group has released the first interior renderings of the Behar Font & Partners-designed Okan Tower in Downtown Miami. The tower is expected to break ground later this year and will rise 70-stories when complete, over 890’. The project is currently 20% sold and will feature 153 condominium units, 236 condo-hotel units, 316 hotel rooms and 64,000 SF of office space, 10,000 SF of restaurant space and a selection of amenities including a rooftop pool. Okan Tower is located at 555 N. Miami Ave. is expected be completed in late 2022.

The Arquitectonica-Designed Elysee Begins To Take Shape In Edgewater As Construction Passes The Halfway Point

Edgewater’s newest luxury high-rise to grace the Miami skyline is reaching new heights. Vertical construction of Two Roads Development’s Elysee condominium, a 57-story waterfront glass tower designed by Arquitectonica rising along Biscayne Bay in Downtown Miami’s Edgewater neighborhood, has surpassed the halfway mark. The building’s general contractor, John Moriarty & Associates of Florida, has reached the skyscraper’s 35th floor, with about one full level expected to be completed every week going forward until top-off later this year in November. Delivery of the 649’-tall building is slated for 2020.

Designed by legendary architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s striking three-tiered telescoping shape will grow larger as it ascends into the sky, creating a bold, multi-tiered silhouette providing direct 180-degree water and city views from every residence. The tower’s sophisticated common areas are the creation of Parisian designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has taken cues from Fort-Brescia’s designs to create “classical contemporary” interiors that are serene, elegant and dramatic.

“At first sight the tower feels daring and maybe even whimsical when in fact it is a monument to rationality,” said Bernardo Fort-Brescia, founding principal of Arquitectonica. “In this era of technology, Elysee’s design challenges gravity and announces the triumph of man.”

“Once complete, Elysee will be a retreat in the center of one of the most desirable parts of Miami,” said developer Reid Boren, managing partner of Two Roads Development. “Elysee’s boutique exclusivity, idyllic bayfront location, commanding views and world-class amenities will brand it as a standout property for a long time to come.”

Priced from about $1.8 million to upwards of $10 million, Elysee’s 100 half-floor and full-floor residences range from three- to six-bedroom layouts measuring between 2,200 and 5,550 SF in size. Units include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10 to 12-foot ceiling heights, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, and flow-through floorplans with 2-terraces for sunrise and sunset views. Amenities include 2 resort style pools, a health club with state-of-the-art fitness center, yoga studio, spa with sauna, steam and shower facilities and private massage rooms, exclusive entire 30th floor Owners Sky Lounge featuring a great room, a grand salon entertainment area with a full bar and piano lounge, grand dining room, wine room, chef’s kitchen, library, and Elysee Attaché, a premium concierge service that will be available to residents 24/7 for travel arrangements, dinner reservations, concert and event tickets, etc.

Waterfront Estate On Miami Beach's Flamingo Drive Owned By Designer Jean-Louis Deniot Sells For Record $7.5 Million

A mid-century waterfront home on Miami Beach’s famed Flamingo Drive, owned and completely redesigned by renowned French architect and interior designer Jean-Louis Deniot, has sold for $7.5 million. The sale represents a record as the highest price-per-square-foot paid for a single-family residence on the Flamingo Drive enclave. The 5-bedroom, 5-bath residence, 2979 Flamingo Drive, features 4,779 SF of adjusted area and 5,881 SF of total area. The sale was overseen by EWM’s Nelson Gonzalez.

“Today’s sale is yet another indication of the traction that continues to build within our prime property market and its unmistakable appeal among buyers worldwide,” said Gonzalez. “This home is a jewel in Miami Beach -- one that has been well-documented internationally for its jaw-dropping designs. Savvy buyers know that an opportunity to own a property of this caliber, in one of the globe’s most sought-after locations, cannot be overlooked.”

Deniot, who has been featured on Architectural Digest’s AD100 list of the world’s best interior designers and architects, completely redesigned the home in 2016 to reflect its original mid-century modern architecture. The two-year renovation process yielded a stunning end-result, marked by a bevy of fine finishes and artful accents. Custom terrazzo floors were poured throughout the interiors and exteriors to give the space a feel of endless fluidity, as well as a seamless indoor-outdoor connection.

Past the grand entryway are multiple open spaces, including a sunken living room with soaring 14-foot vaulted ceilings. The eat-in-style kitchen, which is adjacent to the dining area, has Wolf and SubZero appliances, marble countertops, and a breakfast area overlooking the pool. High-end finishes and features include custom marble sinks in all baths, Kallista, Dornbracht, and Waterworks fixtures, custom-made closets with fine metallic finishes and concealed LED lighting, high-gloss grey lacquer coated interior doors, Lutron and LED lighting, a Sonos music system, and a state-of-the-art security camera system. Outside, the resort-like backyard is fully equipped with a TV projector, 15-foot marble bar and grill, large heated pool, a new dock and seawall, and a waterfront lounge area with sweeping views. The home, which is gated, also has two carport spaces.

Avra Jain To Break Ground On 555 River House In January 2020

Avra Jain is planning to break ground on the Carlos Zapata and O’Donnell Dannwolf and Partners-designed 555 River House in January 2020. Located on the Miami River, River House will be a mixed-use development with 39 luxury condos, a 175-key hotel, 120,000 SF of office space and 36,650 SF of commercial space. The hotel will be managed by the New York-based Sixty Hotels and the condos will be under the same brand, both of which will share the amenities. The condominium component is expected to ask around $1,150 PSF, priced between $1 million and $1.5 million. 555 River House will also feature 10 boat slips and a 600’ public river walk.

Step Inside Delray Beach's Newest $13 Million Waterfront Listing Complete With A Ferrari & Midnight Express

A waterfront home in Delray Beach has hit the market offering a Ferrari spider worth $350,000 and $1.6 million custom boat by Midnight Express included in the purchase price offered at $13 million. The home’s furnishings and art work worth $2.5 million are included in the sale as well. The 12,778 SF waterfront mansion on a 22,682 SF lot is listed with Senada Adzem of Douglas Elliman and also includes a dock on the inter-coastal waterway, a pool, Jacuzzi, four bars, and a hi-tech wine cellar that requires the owner’s thumbprint for access. The thrown in “toys” are an offer and if a potential buyer is not interested in the extras the real estate alone excluding all furniture, art work, boat, and car, the home is asking just under $8 million. To top it off, the home features 5 bedrooms, 7 baths, 2 half baths, a luxurious pool, sauna and a 3 car garage in a lush tropical private and serene setting.

706 SE 2nd Street, Delray Beach is currently listed for $13,000,000 with Senada Adzem of Douglas Elliman.

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