Terra Breaks Ground on Mr. C Residences in Coconut Grove

South Florida developer and President of Terra, David Martin, and fourth generation Cipriani brothers, Ignazio and Maggio, Co-Founders of the Mr. C brand, have officially broken ground on Mr. C Residences Coconut Grove. The 20-story tower, located at 2655 S. Bayshore Drive, will mark the first-ever, large-scale residential project for the Mr. C brand, introducing a new level of residential living that will complement Coconut Grove’s appeal as a thriving residential, restaurant, and commercial neighborhood. Sales at Mr. C Residences launched in February 2020 led by Douglas Elliman. Units are priced from the low $600,000’s to over $5 million.

“Mr. C Residences will reflect Terra’s commitment to design excellence and connectivity in one of South Florida’s most walkable neighborhoods, catering to residents who want to live steps away from Biscayne Bay, Coconut Grove’s iconic parks, first-rate schools, and countless shopping, dining and entertainment options,” said developer David Martin, President of Terra.

The Arquitectonica-designed luxury, high-rise with interiors designed by international designer Meyer Davis, is comprised of 118 sophisticated residences ranging in size from one to five bedrooms, spanning 650 to 3,645 square feet. Inspired by the Mr. C brand, interiors reflect maritime influences with laminated wood paneling and nautical blues and touches of Miami’s vibrant scene. Residential units feature open floor plans, 11-foot ceilings, floor-to-ceiling windows, private terraces, and custom Italian design influences. 

“It’s with tremendous pride that we present this building to Coconut Grove alongside Terra,” says Ignazio Cipriani, Co-Founder of Mr. C. “It embodies a contemporary take on the classic European Cipriani experience that’s been perfected over four generations before us and is constantly evolving in response to our everchanging lifestyles.”

The lifestyle-driven development features an expansive list of amenities including a signature Mr. C Café, specialty gourmet marketplace, wellness lounge and juice bar, private Bellini Bar on the pool deck, in-home delivery from the Mr. C Café, butler service and nautical concierge services. An entire floor is dedicated to body-and-mind wellness spaces, from whole-body fitness zones with personal trainers and specialty classes to a signature spa with treatments rooms, indoor yoga, Peloton studio, steam and sauna rooms, as well as poolside and cabana services. Other highlights include pool bar and event lounge, garden-level lap pool, billiard rooms, library and screening lounge, Little C’s Learning and Adventure Lab, teen game rooms and business lounge with meeting rooms. 

Mr. C Residences Coconut Grove is slated for completion in 2022.

For more information about Mr. C Residences Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

Step Inside A Newly Revealed Venetian Islands Spec Mansion Asking $23.5 Million

Miami Beach ultra-luxury developer, Ramin Designs, in partnership with the top luxury broker, Nelson Gonzalez, have created a contemporary masterpiece on the premier southern lot of Miami-Beach’s Venetian Islands. From design to completion in less than one year, 10 W San Marino combines the developer's signature style of architectural simplicity with a deep respect for the surrounding natural beauty of the Venetian Islands.

10 W San Marino embodies the ideal combination of modern Miami Beach design, unobstructed views, outstanding outdoors for waterfront living, and deluxe amenities put together in a tasteful yet indulgent fashion. Ramin Designs + Development built 10 W San Marino with meticulous attention to detail, executing every aspect of the home to absolute perfection. The home was designed by Dunagan Diverio Design Group with a sophisticated yet relaxed lifestyle; capturing the best of waterfront living from every angle. Miami-based Brazilian firm, Artefacto, staged the home top to bottom with its high-end contemporary furniture in neutral palette, creating an atmosphere for modern yet comfortable luxury living. Fredric Snitzer Gallery curated a selection of works by internationally known contemporary artist to complete the presentation of this extraordinary home. 

10 W San Marino features a dramatic entrance with double-height ceilings and a striking 23-foot tall limestone piece with organic finish will welcome you into the expansive living areas. Wall-to-wall, automatic sliding glass doors expose jaw-dropping water, Downtown Miami, and Miami Beach skyline views throughout.

Built in 2020, 10 W San Marino spans 6 bedrooms with 6 bathrooms and a powder room. The home is split with four bedrooms on the second floor, while there are two bedrooms plus a theater on the first floor. Enclosed within the 12-foot high ceilings and beautiful limestone flooring throughout the first floor are a Boffi gourmet kitchen adjoined by a service kitchen to the back and a family room by the waterfront. The centerpiece of the home is the living room, while the dining area and the wet bar with a pocketed TV screen are the perfect place for indoor entertaining in style.

The master suite is enclosed with three walls of floor-to-ceiling glass offering the absolute best views in the house; Downtown Miami to the west and South Beach skyline to the east. A dream walk-in closet by Italkraft and a lavish marble bathroom with hers and his vanities and an oversized bathtub surround an opulent, glass-enclosed marble shower.

The touch of refined luxury is evident in every detail around the home; the smart technology controlled through Savant, the movie theater with a state-of-the-art sound system and lighting, the custom Italian frameless doors, the seamless white oak wood flooring, Porsche Design lighting, the ultra-modern Boffi fixtures, the invisible speakers inside of the home, the oversized outdoor speakers, etc. 10 W San Marino is also equipped with an air-conditioned two-car garage with space for a lift and a full house generator.

Outside 10 W San Marino features a rooftop deck with breathtaking views of Downtown Miami, a heated saltwater pool with spa, cabana with summer kitchen and 105’ of waterfront complete with a boat lift, IPE dock and new 10-foot seawall.

10 W San Marino is currently listed for $23,500,000 with Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty.

For more information about 10 W San Marino, private showings or purchasing/ leasing information please fill out the form below:

Melo Opens Miami Plaza Tower In Downtown Miami's Arts & Entertainment District, Marking Milestone 2,300+ Units Completed In 5 Years

Melo Group, one of Miami’s most active residential development firms, has transformed and activated Downtown Miami’s Arts & Entertainment District with attainable, transit-oriented multifamily product for local residents. The firm has officially completed Miami Plaza, its newest transit-oriented 36-story rental tower which is now open for occupancy. Miami Plaza is situated adjacent to the Miami-Dade Metromover School Board Station at 1500 Northeast Miami Plaza and is comprised of 425 rental apartments catering to the growing influx of young professionals in Downtown Miami seeking walkable live-work-play lifestyles without the commute. The development also includes approximately 8,000 square feet of ground-floor retail/restaurant space available for lease. 

Apartments at Miami Plaza feature expansive balconies with bay and city views, floor-to-ceiling sliding doors, energy-efficient tinted glass, European-style kitchen and bathroom cabinetry, granite countertops, double door refrigerators, stainless steel appliances, spacious living and dining rooms, imported ceramic tile and laminated wood flooring, and full-size washer and dryers. Residences at Miami Plaza apartments range from one- to three-bedrooms measuring between 700 to 1,400 square feet. Monthly rental rates start at approximately $1,680 for one-bedroom units; $2,100 for two-bedroom units; and $2,640 for three-bedroom units. 

Building amenities include a large 70-foot swimming pool, a fully-equipped fitness center, a café social lounge, 24-hour concierge/security, and a multi-level secured garage with valet service.

“Art Plaza completes our vision for the transformation of the Arts & Entertainment District – an area of Downtown Miami that has been residentially underserved for years – into a true live-work-play neighborhood,” said Martin Melo, principal of the Melo Group. “Our transit-friendly location, with convenient access to the Metromover, Metrorail and Miami Trolley, gives residents convenient everyday access to public transportation and will hopefully help reduce traffic congestion in Downtown during the workweek.”

Miami Plaza marks the fourth multifamily development, and sixth tower, that Melo Group has delivered in the Arts & Entertainment District since 2016 and completes the final phase of the firm’s plan to bring more than 2,300 transit-oriented rental units to the growing neighborhood. The firm’s previously completed developments in the area, all of which are clustered around the Miami-Dade Metromover School Board Station within a few blocks of each other, include the 497-unit Melody Tower, which delivered in 2016; the two-tower 710-unit Square Station, which delivered in 2018; and most recently, the two-tower 667-unit Art Plaza, which delivered in 2019.

“The demand for highly-amenitized, well-built attainable rental units within walking distance of our city’s transit systems, prime retail and entertainment venues is strong,” added Carlos Melo, principal of the Melo Group.

Melo Group has helped activate Downtown’s Arts & Entertainment District bringing a total of more than 45,000 square feet of new retail and restaurant space at the base of their apartment buildings to serve tenant’s everyday needs. Some of the community’s newest tenants include Bunbury, Bistro Café, Tapout Fitness, My Salon, Spot Barbershop, Shine Nail Salon, New York Roma Pizza and Testa Wines. Melo is also gearing up for the debut of “Art Kitchen,” an indoor/outdoor dining promenade at the base of the firm’s Art Plaza towers that will feature ten different restaurant concepts with cuisines ranging from Indian, Peruvian, Mexican, Japanese, Italian and more.

Melo Group’s father-and-sons team, led by Jose Luis Melo and his two sons Carlos and Martin Melo, has been a driving force behind Miami’s real estate resurgence since 2001, with the firm recognized today as one of the region’s preeminent developers of high-end residential developments in Downtown Miami. Miami Plaza is Melo’s 16th residential building delivered in the Greater Downtown Miami area, bringing the firm’s portfolio to more than 5,000 total condo and rental units completed with another 2,000+ units in the works.

Melo Group’s next residential project, Downtown 5th, is now under construction at 55 NE 5th Avenue in Downtown Miami’s Central Business District. With completion slated for 2021, the luxury apartment complex will include twin 51-story towers with 1,042 rental units and more than 5,000 square feet of ground-floor retail/restaurant space.

PROFILE Exclusive: New Age of Branded Residences With Gil Dezer, The Developer Behind Iconic Luxury Collaborations

Just before the COVID-19 shutdown, PROFILEmiami had the opportunity to meet Gil Dezer, CEO of Dezer Development, at the Residences by Armani/Casa grand opening party in Sunny Isles Beach. The building, which was developed in partnership with Related Group, was unveiled in full Miami-style with the grandeur you would expect from the two development firms: an Armani Summer Collection Fashion Show and a live concert by Mr. 305 himself, Pitbull.

The developers worked with fashion icon Giorgio Armani, architect Cesar Pelli and landscape architecture firm Enzo Enea to design the project. It is the first Armani-branded building in the U.S and joins the ranks of luxury fashion collaborations like Fendi Chateau. We were able to catch up with Gil during the shutdown to get inside the mind of the developer whose firm has a long history of building residences branded with leading luxury, automotive, and fashion brands. If the grand opening of Armani/Casa says anything about brand standards, then we can’t wait to see what Dezer has in store next for Miami.

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PROFILE: Where did the idea to do branded, luxury condo buildings come from? 

Gil Dezer: In 2001, we secured a licensing deal with the Trump Organization to build branded buildings with the Trump brand on it. That is when we realized putting a brand on a building is much more powerful than simply giving it a name.

PROFILE: Branded residences command anywhere from 20-35% of a premium against comparable non-branded product. What kind of premium did Porsche/Armani command during pre-sale and have they retained their value for re-sale? 

GD: Our goal when using a brand is not to try and maximize the value per square foot, but to enjoy a faster sellout in comparison to our competitors. Our closest competitor sold 100 less units than us in the same time period.

PROFILE: What are some of the differences between working with a car brand such as Porsche and a fashion brand such as Armani? 

GD: Each brand has their own motivation for building a branded tower, and each has a slightly different process. Porsche Design wanted the car to be “present” in the building, so we [used] a lot of leathers and woods and black chrome, as you would find in the automobiles. Meanwhile, Armani has a lifestyle aesthetic which is translated in the common areas as well as the furniture line that Armani/Casa manufactures.

PROFILE: What were some challenges during the design phase while working with a brand that has never lent its name to residential real estate?

GD: There was a lot of education from both sides. From the side of Armani, they taught us the history of the brand, design philosophy, reasons for certain aesthetics and the overall look. The two brands [Armani and Porsche] are completely distinctive in their styles, so it was great to be able to learn from each one.

PROFILE: Does using a brand help mitigate unforeseen risks such as seasonal/cyclical changes in the market?

GD: Absolutely. The main differentiator between having a brand on a building is the attention it receives in comparison to the neighboring properties. This proved to be true even during Covid-19. We still receive an extraordinary amount of attention to our buildings.

PROFILE: How are the last several units in Armani moving?  

GD: The market has slowed during COVID-19, but we are proud to report that there have been six new sales during this time. Four of them took place in the last month.

PROFILE: Cost control and specification analysis is also critical in a brand-forward environment, when design, service and security charges can be easily driven up. Are your design costs higher when collaborating with a high-end brand and how did you manage that process?

GD: Costs are absolutely higher. For starters, the construction specifications for these buildings are above and beyond. In Trump International Hotel, we have floor-to-ceiling glass, private elevators, expensive kitchens and baths with automatic toilets that make the units more expensive to build. But the real cost difference appears in the lobbies and common areas; Armani/Casa has almost 40,000-square-feet of common areas with high-end finishes and furnishings by Armani. That’s where the competitors beat me. They make more money because no one has even gone as crazy as we did on the finishes. However, the overall product blows away anything else on the market, and we are sure of that.  

PROFILE: Did lenders look at the project any more or less favorably taking into consideration the brand association? Will they in the future after you paid off your loan so quickly for Armani?  

GD: I have been doing branded buildings since my partnership with the Trump Organization in 2001. Some said I was the first developer to do this – I certainly was in South Florida. By the time we get lenders involved in the process, we have usually experienced a high volume of pre-sales which is what lenders are looking for, along with the strength of the developer.

PROFILE: What did you need to keep in mind when choosing the right operator to provide that high-touch level of service? 

GD: After many years in Miami, I noticed there was not a management company that offered lifestyle services at a hotel service level with food and beverage management. My company also owns and runs hotels, so we have experience in top quality management. We simply opened up a division of our hotel group to start managing condominiums. That allowed us to build restaurants in the buildings that are not open to the public.

PROFILE: What signature features will Armani Residences be remembered for like Porsche is for its car elevator? 

GD: This lobbies and common areas are simply amazing. Second to none.

PROFILE: Market differentiation is one advantage of using a well-established brand, especially if you are trying to hit new price records. What is the next goal or milestone you would like to set for Dezer Development?

GD: We have several waterfront lots and amazing sites around Miami. We have a lot of great things coming up – stay tuned.

By Katya Demina

Check out PROFILEmiami’s coverage of the Grand Opening of the Porsche Design Tower

Check out PROFILEmiami’s exclusive Tour of Porsche Design Tower

Check out PROFILEmiami’s coverage of Residences by Armani/Casa paying off their construction loan

Check out PROFILEmiami’s coverage of Andrea Bocelli’s Evening Under the Stars for the Children of Haiti at the Residences by Armani/Casa

Douglas Elliman Releases Q2 2020 South Florida Market Reports

Douglas Elliman has just released their Q2 2020 Market Reports for South Florida, which were prepared by Miller Samuel, a leading independent appraisal firm. The reports, which cover the areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland, have revealed that the COVID-19 market shutdown during much of the second quarter caused sales to fall sharply in South Florida, despite the strength of the market in the first quarter.

Miami Beach/Barrier Islands

Overview:

• Condo price trend indicators moved higher as the number of sales dropped during the shutdown

• Single-family price trend indicators continued to decline along with sales and listing inventory year over year

• Luxury condo price trend indicators pressed higher as listing inventory showed a slight gain

Key Trend Metrics (Year to Year)

Overall:

• Median sales price rose 10.3% to $480,000

• Average price per square foot edged up 6.1% to $659

• Number of sales dropped 34.9% to 501 

• Listing inventory decreased by 0.5% to 6,393 units

Luxury Condo:

• Median sales price increased by 11.6% to $2,850,000

• Average price per square foot rose 4.8% to $1,231

• Number of sales fell 37.7% to 43

• Listing inventory slipped 3.0% to 1,095 units

Luxury Single Family: 

• Median sales price decreased by 22.6% to $7,200,000

• Average price per square foot jumped 17.2% to $1,388

• Number of sales had no change at 9 

• Listing inventory increased by 25.4% to 173 units

Miami Coastal Mainland

Overview:

• Condo listing inventory and number of sales declined, median sales price reached a new record

• Single-family median sales price rose to a new record as both sales and listing inventory fell sharply

• Luxury condo price trend indicators showed mixed results as the number of sales saw a significant decline 

Key Trend Metrics (Year to Year)

Overall:

• Median sales price rose 4.4% to $355,000

• Average price per square foot increased by 5.1% to $289

• Number of sales dropped 20.1% to 2,672

• Listing inventory declined by 7.8% to 9,699 units 

Luxury Condo:

• Median sales price fell 14.0% to $805,000

• Average price per square foot dropped 0.6% to $489

• Number of sales declined by 33.5% to 115

• Listing inventory increased by 13.4% to 2,508 units

Luxury Single Family:

• Median sales price fell 11.9% to $1,410,000

• Average price per square foot rose 25.5% to $557

• Number of sales decreased by 6.1% to 153

• Listing inventory dropped 1.1% to 915 units

Fort Lauderdale

Overview:

• Condo sales dropped at the highest rate in more than thirteen years as all price trend indicators rose annually

• Single-family sales fell at the largest rate since 2007 as median sales price stabilized

• Luxury condo price trend indicators increased above year-ago levels at their most robust rate in six quarters

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 6.0% to $1,282,330

• Average price per square foot increased by 5.2% to $587

• Number of sales slipped 27.5% to 37

• Listing inventory declined by 16.5% to 283 units

Luxury Single Family:

• Median sales price dropped 22.5% to $2,500,000

• Average price per square foot decreased by 23.9% to $596

• Number of sales fell 20.5% to 35 

• Listing inventory declined by 12.5% to 259 units

Boca Raton/Highland Beach

Overall:

• Condo sales declined year over year at its highest rate in 13 years as median sales price increased

• Single-family sales declined year over year at its highest rate in 13 years as median sales price surged

• Luxury condo median sales price declined while luxury single-family median sales price rose

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price fell 23.0% to $885,000

• Average price per square foot slipped 13.0% to $461

• Number of sales declined by 21.2% to 52

• Listing inventory surged 11.2% to 328 

Luxury Single Family:

• Median sales price dropped 13.1% to $2,215,000

• Average price per square foot decreased by 12.6% to $382 

• Number of sales slipped 12.1% to 51

• Listing inventory declined by 0.3% to 304 units

Delray Beach 

Overview:

• Single-family sales declined at the largest year over year rate in over thirteen years as the market paused

• Condo median sales price was unchanged year over year, the eighteenth straight quarter without a decline

• Luxury single-family listing inventory declined annually as luxury condo listing inventory saw a large gain

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price decreased by 6.7% to $810,500

• Average price per square foot rose 6.7% to $445

• Number of sales slipped 24.6% to 46

• Listing inventory surged 20.9% to 208 units

Luxury Single Family: 

• Median sales price dropped 0.6% to $2,087,500

• Average price per square foot fell 13.7% to $504

• Number of sales declined by 15.2% to 28

• Listing inventory increased by 5.7% to 130

Wellington

Overview:

• Condo sales declined sharply as median sales price increased year over year for the fifteenth straight quarter

• Single-family listing inventory and sales showed sharp declines from prior year levels

• Luxury listing inventory across both property types jumped from prior year

Key Trend Metrics (Year to Year)

Luxury Condo: 

• Median sales price fell 19.9% to $585,000

• Average price per square foot dropped 10.1% to $313

• Number of sales increased by 16.7% to 7

• Listing inventory rose 72.2% to 62 units

Luxury Single Family:

• Median sales price declined 24.3% to $1,135,000

• Average price per square foot slipped 34.9% to $426

• Number of sales jumped 15.0% to 23

• Listing inventory increased by 9.2% to 226 units

Palm Beach

Overview:

• Condo price trend indicators jumped as the largest average sales size in two years skewed them higher

• Single-family listing inventory fell by the largest rate in seven years of tracking

• Luxury listing inventory showed a substantial drop as price trend indicators surged year over year 

Key Trend Metrics (Year to Year)

Luxury Condo and Single Family:

• Median sales price surged 33.1% to $14,000,000

• Average price per square foot rose 18.4% to $2,180

• Number of sales dropped 30.8% to 9

• Listing inventory declined by 65.6% to 22 units 

Jupiter/Palm Beach Gardens

Jupiter Overview:

• Single-family sales price trend indicators and sales continued to show substantial year over year growth

• Condo price trend indicators rose year over year for the fourth straight quarter

Palm Beach Gardens Overview:

• Single-family sales fell at their most significant rate in fourteen years

• Condo price trend indicators rose year over year for the third consecutive quarter

Key Trend Metrics (Year to Year)

Jupiter Luxury Condo:

• Median sales price decreased by 19.9% to $733,000

• Average price per square foot dropped 10.6% to $404

• Number of sales fell 13.6% to 19

• Listing inventory increased by 16.7% to 63 units

Jupiter Luxury Single Family:

• Median sales price declined by 11.5% to $2,300,000

• Average price per square foot decreased by 2.9% to $647

• Number of sales fell 7.4% to 25

• Listing inventory dropped 15.3% to 111 units

Palm Beach Gardens Luxury Condo:

• Median sales price fell 26.7% to $440,000

• Average price per square foot dropped 24.1% to $239

• Number of sales declined by 19.0% to 17

• Listing inventory surged 67.4% to 72 units

Palm Beach Gardens Luxury Single Family:

• Median sales price jumped 21.2% to $2,347,500

• Average price per square foot rose 8.7% to $501

• Number of sales decreased by 23.1% to 20

• Listing inventory dropped 27.5% to 95 units

By Isabella Zimmermann 

CC Homes Offers On-Demand Telemedicine Services Through Exclusive Partnership With Baptist Health South Florida

CC Homes, one of Florida’s leading homebuilders led by Jim Carr, has teamed up with Baptist Health South Florida in an exclusive partnership to provide health care on demand to homebuyers in CC Homes communities Canarias at Downtown Doral and Maple Ridge in Ave Maria, FL. With health top of mind globally amidst the COVID-19 pandemic, Canarias and Maple Ridge homebuyers will receive complimentary Baptist Health Digital Health Kits powered by TytoCare™. The digital health kit offers unlimited virtual urgent care visits and the innovative TytoHome personal exam device, an easy-to-use touchscreen, HD camera and microphone, infrared digital thermometer, as well as several adapters to record ears, throat, heart and lungs.

“As a homebuilder we strive to create exceptional places to live. Places that are comfortable, healthy and that offer many conveniences and uncommon luxuries,” said Andres Miyares, Chief Operating Officer at CC Homes. “Baptist Health Care On Demand delivers the same value and quality, and we’re proud to offer our homebuyers premium access to this cutting-edge medical technology.”

Available for non-life-threatening illness and injuries, the technology enables Canarias and Maple Ridge homebuyers to avoid busy waiting rooms while saving time, money and finding peace of mind with 24/7 access to Baptist Health South Florida’s trusted healthcare providers in the comfort of their own homes.

CC Homes’ Canarias development, a community of more than 300 luxury single-family homes and townhomes in Miami’s Downtown Doral neighborhood, began offering Digital Health Kits in December 2019. When the COVID-19 pandemic hit South Florida earlier this year, CC Homes decided it was crucial that buyers in their other master-planned development, Maple Ridge in Ave Maria, also receive privileged access to the technology. All homebuyers at Canarias and Maple Ridge receive one year of free and unlimited face-to-face video Urgent Care visits as well as the TytoHome Medical Exam Device. They also receive concierge setup and 24/7 customer support.

“The convenience and value of telehealth isn’t a secret after the last three months, and Baptist Health has led the way in giving consumers access to virtual care since 2016,” said Danny Elfenbein, director of Digital and Consumer Solutions at Baptist Health South Florida. “This innovative ‘healthcare included’ approach with CC Homes and TytoCare™ will make healthcare more convenient than ever as we empower consumers to be more engaged in their own care.”

For more information about Canarias at Downtown Doral, private showings or purchasing/ leasing information please fill out the form below:

Luxury Home Builder Frank McKinney Sells His Final Direct Oceanfront Palm Beach Spec Home

Luxury home builder and award winning author Frank McKinney has sold his final direct oceanfront Palm Beach spec home which was completed in 2019 for $10.1 million, a record price-per-square-foot of $1,867. Located at 3492 South Ocean, the modern beachfront estate was unveiled with a lavish party which featured a stunt in which McKinney repelled from a helicopter onto the tropical modern home, see the video below for the footage. The buyer was Vernon Hill who was the founder, former chairman, president and CEO of Commerce Bancorp in Cherry Hill, New Jersey. McKinney first purchased the property in 2016 for $3 million and initially listed the home for $17.5 million in May 2019 before later dropping the price to $13.9 million in December 2019. Both the buyer and seller were represented by Steven Presson of The Corcoran Group.

3492 South Ocean features 5 bedrooms and 6 bathrooms spread over 7,850 square feet. The lavish beachfront mansion features some of the finest finishes including an oceanfront gourmet kitchen with 11,000 year-old Azure-Blue Lava Kitchen Countertops from France, a master-suite with direct ocean views, a 3-Story ocean-view glass elevator encased in a glass wine room, a cascading water wall & reflecting pool with a “Walk over Water” feature and an indoor jellyfish sphere with touch tank which is the only one in a private home.

3492 South Ocean is located directly on the Atlantic Ocean with direct beach access and the outdoors offers the best of South Florida including a 50′ disappearing-edge resort-style pool, lush landscaping and a rooftop lounge with ocean views.

Inside El Solano, John Lennon And Yoko Ono's Recently Listed Palm Beach Estate Asking $47.5 Million

Beatles and music icon John Lennon and his wife Yoko Ono purchased the oceanfront estate on Palm Beach’s billionaire’s row known as El Solano for $725,000 in 1980. That same estate is now back on the market for $47.5 million. El Solano was built in 1925 by iconic South Florida architect Addison Mizner before he sold it to Harold K. Vanderbilt. It traded hands several times before Lenon and Ono purchased it less than one year before Lenon was murdered in New York City. Ono sold the property in 1986 for $3.15 million and it last sold for roughly $23 million to John Sites of Wexford Capital.

El Solano is located on South Ocean Boulevard, spanning 14,000 square feet split between a 10,500 square foot main house with 7 bedrooms, 9 bathrooms, a 2-story pool house with a guest suite. The home features many of the original ornate architectural details which were a classic Mizner touch including hand-stenciled wood ceilings, stone carved fireplaces and a stone staircase. El Solano features a massive master suite with a sitting room, private office and ocean views. The grand living room was built for Vanderbilt and also overlooks the Atlantic. The home also features a grand dining room, library, family room, living room,

Outside features 1.3 acres of lush, opulently landscaped grounds complete with a tennis court and pavilion, 2 swimming pools so you are always in the sun, and 180’ of ocean frontage. The beach is located across South Ocean Boulevard where there is a private beach cabana.

El Solano is currently listed for $47,500,000 with Christian Angle of Christian Angle Real Estate.

TimeEquities Launches Leasing For Resort-Style Development CasaMara In West Palm Beach

Global real estate firm Time Equities, Inc. (TEI) has officially launched leasing at CasaMara, a mixed-use, resort-style development located in the heart of the El Cid neighborhood and the Antique Row District in West Palm Beach, Florida. The project features a total of six low-rise buildings made up of 300 class-A apartments, a 16,000-square-foot clubhouse, as well as an additional 16,000 square feet of retail shops called The Plaza at CasaMara, all of which will spread out over 10 acres of land.

Construction is well underway at 3111 South Dixie Highway and is slated to deliver completed homes in three phases. The first 100 units along with the clubhouse, which houses many of the amenities offered at CasaMara, will be completed by early fall 2020. The following two phases will be completed in winter 2020 and spring 2021, respectively.

MSA Architects are responsible for both the site planning and the distinct Spanish-Eclectic style architecture of the development. ID and Design International designed clean, stylish home interiors with modern finishes such as bright kitchens, large balconies, smart home features, and full-size washers and dryers. Kitchens have been furnished to have white quartz countertops, white subway tiles backsplashes, and stainless-steel Samsung appliances. Other home features include oversized showers and windows, elevators in buildings, access-controlled building systems, and best-in-class acoustics designed with noise reduction.

Units range from studios to three-bedrooms, with pricing starting at $1,726. Lincoln Property Company, the second-largest multifamily management company, is handling CasaMara’s leasing and marketing.

“We currently have over 700 prospective renters on our VIP list thus far, and we are very excited about the incredible interest we’re seeing in the project,” said Stefane Spano of Lincoln. “This development offers an unmatched amenities package for the marketplace and is located in an exceptional, convenient area that is minutes away from Downtown West Palm Beach.”

CasaMara’s amenities, also designed by ID and Design International, were created to give tenants a luxury lifestyle experience. These include a resort-style pool with private cabanas, a pool pavilion building with grilling stations and a 60-foot water wall, a Jacuzzi with therapeutic jets, a co-working lounge with private offices and complimentary WiFi, a state-of-the-art fitness center, a bark park, a game room with billiards and Wii Stations, a club room with art lounge and fireplace, dining facilities for private parties. There is also a full suite of children’s amenities including a kids pool, an air-conditioned playroom, and an outdoor playground.

“CasaMara presents an opportunity for residents to have everything at their fingertips – resort-style amenities, shops, and restaurants, all steps from their front door,” said Robert Singer, Director of Development at Time Equities. “We are offering an all-inclusive, unparalleled living experience in an area that continues to evolve with exciting cultural additions and modern retail and office complexes.”

The Plaza will provide an inviting environment for the community and shoppers alike with its on-street parking, wide sidewalks with shade trees, lush landscaping, outdoor seating, and a corner park with fountains. Avison Young will be handling the retail leasing and marketing for The Plaza, which is set to open in spring 2021.

CasaMara is conveniently located approximately 1.5 miles south of Downtown West Palm Beach and offers easy access to I-95, Palm Beach International Airport, and all the other splendors Palm Beach and Palm Beach County has to offer.

By Isabella Zimmermann

Estates At Acqualina Tops Out South Tower In Sunny Isles Beach

The South Tower of The Estates at Acqualina, the highly anticipated $1.8 billion residential development, topped out in Miami’s Sunny Isles Beach on July 3. The 52-story South Tower now rises 646 feet tall and after breaking ground in May 2018, the development is on track for the South Tower completion in the 2nd Quarter of 2021. The landmark occasion coincides with the reopening of the Sales Gallery which features a full-scale model of an Estates residence, giving potential buyers the ability to fully appreciate the luxury amenities that will be available in each residence complete with exquisite furnishings, rich materials and extraordinary attention to detail.

“We are one step closer to completing The Estates at Acqualina,” said Michael Goldstein, President of Sales. “Art, architecture and lifestyle are what we live by. We deliver beauty and wonderful lifestyle in everything we do.”

The Estates at Acqualina will offer 248 luxurious residences from three to seven bedrooms in two towers, The South Tower, and the Boutique North Tower with the 29th Floor currently being poured. Villa Acqualina will offer 45,000 square feet of amenities including a spa and fitness center, a world-class restaurant overlooking the Atlantic Ocean and Circus Maximus, a full floor of amenities including an ice skating rink, bowling lanes, a golf simulator and a movie theater. 

Through an exclusive partnership with one of the world’s most celebrated designers, the entrance lobbies at The Estates at Acqualina will be designed by none other than the late Karl Lagerfeld. Mr. Lagerfeld’s design and style will further enhance the grandeur of two of the most important spaces at The Estates.

The Estates’ 5.6 acres of grounds and gardens will offer lush landscaped gardens, multiple pools, a FlowRider® wave simulator, a basketball court, a bocce court, a dog park, soccer field, a beachfront restaurant and five-star beach and pool services. Also available will be 24-hour valet, 24-hour security services, a full service resident concierge and a house Rolls-Royce car.

The Estates benefits from its sister developments, Acqualina Resort & Residences on the Beach and The Mansions at Acqualina. The legendary service by Acqualina Resort & Residences, a Forbes Five Star and AAA Five Diamond Hotel and TripAdvisor’s #1 Beachfront Resort in the Continental United States, ensures that The Estates at Acqualina delivers ultimate perfection and a unique experience on every level.

Residences at The Estates at Acqualina are priced from $4.6 to $14.5 million with penthouses up to $32 million.