Michael Wekerie Lists The Former Anheuser-Busch Estate In East Fort Lauderdale For $19.25 Million

The former Anheuser-Busch estate, one of the largest waterfront properties in East Fort Lauderdale, is now on the market listed for $19.25 million. 1000 Riviera Isle Drive is 9,392 sq.ft. with over 525 feet of deep water frontage. The estate was originally built in 1938 for the Anheuser-Busch family and is now owned by Canadian TV Star, Michael Wekerie. Scenes from George Wells’ 1960s movie, Where The Boys Are, were filmed at the home.

The Estate is designed by Francis Abreu, apprentice of Addison Mizner. The main house features 8 bedrooms, 9 bathrooms, 2 half baths, media room, chef’s kitchen, gym and many areas for entertaining. There is also a two-bedroom guest house on the property. What makes this estate most unique is Wekerie’s addition of outdoor band shell set up to host music concerts. Wekerie is a television personality best known for the Candian reality show Dragon’s Den. Wekerie also has an extensive art collection that can be negotiable in the sale of his estate. 1000 Riviera Isle Drive, Fort Lauderdale is listed exclusively with Ruchel Coetzee of Douglas Elliman.

Douglas Elliman Releases Q3 2020 Florida Regions Market Reports For South Florida

Douglas Elliman has just released their Q3 2020 Market Reports for Florida regions, which were prepared in conjunction with Jonathan Miller of Miller Samuel INC. The reports revealed that sales rose sharply higher year over year, rebounding quickly from the restraint of spring market activity at the onset of the COVID-19 crisis. Palm Beach has been one of the hottest markets in the United States as flight capital continues to pour in from the high-tax states such as New York and Connecticut. All three condo price trend indicators increased year over year for the fifth straight quarter in Palm Beach while single family sales nearly tripled from the year-ago quarter as listing inventory fell sharply. Coral Gables and Miami Beach also surged as sales and prices saw 5 year highs across much of South Florida.

BOCA RATON/HIGHLAND BEACH

Overview:

• In a rebound from the prior quarter, condo and single family sales saw their largest annual rise in seven years

• All single family price trend indicators rose year over year as sales saw its largest jump in nearly nine years

• All luxury condo price trend indicators showed a substantial year over year increase

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 28.6% to $868,000

• Average price per square foot increased by 12.2% to $414

• Number of sales rose 14.3% to 88

• Listing inventory declined by 1.5% to 405 units

Luxury Single Family:

• Median sales price rose 14.3% to $2,550,000

• Average price per square foot increased by 4.5% to $421

• Number of sales rose 25.4% to 89

• Listing inventory declined by 22% to 266 units

MIAMI BEACH/BARRIER ISLANDS

Overview:

• Condo price trend indicators increased as sales and listing inventory edged higher

• Overall single family price trend indicators set new records as sales surged year over year

• Luxury condo price trend indicators jumped year over year, aided by a shift to larger sized sales

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 29.3% to $2,975,000

• Average price per square foot increased by 18.9% to $1,262

• Number of sales remained flat at 77

• Listing inventory declined by 15.1% to 993 units

Luxury Single Family:

• Median sales price rose 13.9% to $14,806,950

• Average price per square foot increased by 12% to $1,787

• Number of sales rose 63.6% to 18

• Listing inventory declined by 27.1% to 102 units

MIAMI COASTAL MAINLAND

Overview:

• Condo price trend indicators and sales moved higher as listing inventory slipped to a three-year low

• Single family price trend indicators set new records as sales rose to their highest level in more than five years

• Luxury condo price trend indicators increased year over year as listing inventory declined annually for the second time in three quarters 

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 9.9% to $852,500

• Average price per square foot increased by 6.9% to $508

• Number of sales rose 1% to 200

• Listing inventory declined by 15.1% to 2,398 units

Luxury Single Family:

• Median sales price rose 31.1% to $1,940,000

• Average price per square foot increased by 29.3% to $600

• Number of sales rose 9.5% to 230

• Listing inventory declined by 32.1% to 694 units

CORAL GABLES

Overview:

• Single family sales surged and listing inventory fell from the prior year quarter as the lockdown ended

• Condo listing inventory declined annually for the fifth consecutive quarter

• Luxury single family listing inventory declined sharply year over year for five straight quarters

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price fell 41.4% to $962,500

• Average price per square foot decreased by 28.7% to $407

• Number of sales slipped 11.1% to 8

• Listing inventory inclined by 125% to 72 units

Luxury Single Family:

• Median sales price rose 26.9% to $4,500,000

• Average price per square foot decreased by 6.4% to $989

• Number of sales rose 53.3% to 23

• Listing inventory declined by 21.1% to 101

DELRAY BEACH

Overview:

•  Single family sales increased at their highest year over year rate in five years

• Condo sales reached their highest third-quarter total in twenty-two years of tracking

• Both single family and condo luxury listing inventory fell sharply from the prior year total

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 41.1% to $604,500

• Average price per square foot increased by 21.4% to $409

• Number of sales rose 14.3% to 72

• Listing inventory declined by 25.2% to 169 units

Luxury Single Family:

• Median sales price rose 40.8% to $2,500,000

• Average price per square foot increased by 5.7% to $515

• Number of sales rose 22.9% to 43

• Listing inventory declined by 45.6% to 99 units

FORT LAUDERDALE

Overview:

•  All condo price trend indicators rose year over year as the number of sales jumped 

• Single family sales surged, and listing inventory fell sharply from the prior-year quarter

• Single family median sales price increased annually for the eighth consecutive quarter

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 0.9% to $1,155,000

• Average price per square foot increased by 1.4% to $509

• Number of sales rose 7.8% to 55

• Listing inventory declined by 0.5% to 379 units

Luxury Single Family:

• Median sales price rose 7.7% to $2,275,000

• Average price per square foot remained flat at $580

• Number of sales rose 17.6% to 60

• Listing inventory declined by 21.5% to 256 units

JUPITER/PALM BEACH GARDENS

Jupiter Overview:

•  Single family sales jumped year over year as listing inventory dropped sharply

• The most third-quarter condo sales in fifteen years

Palm Beach Gardens Overview:

• The most third quarter single family sales in fifteen years

• Condo listing inventory declined annually for the sixth straight quarter

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price fell 7.1% to $657,500

• Average price per square foot decreased by 16.4% to $320

• Number of sales rose 27.3% to 28

• Listing inventory inclined by 26.3% to 72 units

Luxury Single Family:

• Median sales price rose 121% to $3,550,000

• Average price per square foot increased by 37% to $678

• Number of sales rose 14.7% to 39

• Listing inventory declined by 38.7% to 76 units

PALM BEACH

Overview:

• All three condo price trend indicators increased year over year for the fifth straight quarter

• Single family sales nearly tripled from the year-ago quarter as listing inventory fell sharply

• Luxury listing inventory fell significantly year over year for the third consecutive quarter 

Key Trend Metrics (Year to Year)

Luxury Condo + Single Family:

• Median sales price declined 39.3% to $10,000,000

• Average price per square foot increased by 20% to $1,906

• Number of sales rose 87.5% to 15

• Listing inventory declined by 65.3% to 26 units

WELLINGTON

Overview:

• Condo sales surged annually at their highest rate in eleven years as listing inventory edged higher for the second straight quarter

• Single family median sales price rose annually for the twelfth straight quarter as listing inventory dropped sharply

• Luxury condo median sales price more than doubled year over year as listing inventory saw a significant annual decline  

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price rose 102.4% to $840,000

• Average price per square foot increased by 61.1% to $427

• Number of sales rose 28.6% to 9

• Listing inventory declined by 42.1% to 22 units

Luxury Single Family:

• Median sales price rose 28.1% to $1.825,000

• Average price per square foot increased by 13.1% to $553

• Number of sales rose 20.7% to 35

• Listing inventory declined by 9.3% to 194 units

WEST PALM BEACH

Overview:

• Condo median sales price has risen each quarter on a year over year for more than nine years

• Single family listing inventory has fallen at a rising year over year rate for five consecutive quarters

• Luxury condo listing inventory has posted large annual gains for three of the past four quarters

Key Trend Metrics (Year to Year)

Luxury Condo:

• Median sales price declined 49.1% to $407,500

• Average price per square foot decreased by 62% to $452

• Number of sales rose 7.5% to 72

• Listing inventory inclined by 85.5% to 308 units

Luxury Single Family:

• Median sales price rose 48.7% to $1,297,250

• Average price per square foot increased by 32.1% to $412

• Number of sales rose 28% to 64

• Listing inventory declined by 14.3% to 132 units

Ten30 South Beach Debuts Sales Gallery In South Beach

Ten30 South Beach unveiled their sales gallery with a socially distanced open house. The event was hosted by Fortune Development Sales and welcomed about 75 brokers over two days. Guests were the first to see the project’s residences and refined finishes. Ten30 South Beach is developed by the Shoma Group and designed by Shoma Interior Design.

“We’re very pleased to welcome brokers and prospective buyers to experience Ten30 South Beach with our new sales gallery,” said Masoud Shojaee, President and CEO of Shoma Group. “Ten30 South Beach was designed with technology at the forefront, and as we near completion we’re excited to showcase this attractive proposition to the South Beach market firsthand.” 

The design of the building includes many high-tech finishes such as an Ecobee thermostat system, Bluetooth enabled keyless entry, and a smart refrigerator by Samsung. Residences are decorated mid-century modern and moderately priced starting at $498,900.

“The new sales gallery offers an up-close opportunity for buyers to see – and even feel – what it’s like to live in one of Ten30’s residences,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The contemporary design and interactive features are overall reflections of the unparalleled lifestyle that will be offered as we introduce this unique development to Miami Beach.”

The sales gallery also debuted a full model kitchen featuring premium appliances. Once complete building amenities will include a 6,000 sq.ft. rooftop deck with an outdoor lounge and kitchen. The sales gallery of Ten30 South Beach is located at 1116 15th Street in Miami Beach and estimated to be complete in the beginning of 2021.

Brickell City Centre Unveils A Two-Story Penthouse In Reach Residence

Reach Residence of Brickell City Centre just unveiled their two-story exclusive penthouse listed for $6.690 million. Brickell City Centre is a $1.05 billion mixed-use luxury development, “city within a city,” in the middle of Miami’s financial district. Developed by Swire Properties Inc. and designed by award-winning Allan Malouf, the penthouse of Reach Residence crowns the top of Brickell City Centre with new images unveiled for buyers to see.

“We have worked with Allan Malouf for over three years through our annual Art Basel activation, CASACOR Miami. I am always blown away with his level of creativity and how people gravitate towards his design during the exhibition,” said Maile Aguila, senior vice president of residential sales for the project. “With the Brickell neighborhood continuing to lead in condo sales in South Florida, we knew that we had to bring Allan’s forward-thinking design to offer our buyers a turnkey unit that only requires you to receive the key and feel at home. He created a cozy atmosphere in a refined way in our two-story penthouse at Reach Residence that still feels inviting and elegant.”

The fully furnished penthouse is decorated in earth tones for a minimalistic and polished look. The 3,933 sq.ft. of interior houses four-bedrooms, five and a half bathrooms and high ceilings. Floor-to-ceiling glass windows show off the panoramic city landscape and water views of this luxurious home. The penthouse is also complete with a private rooftop pool, garden and outdoor kitchen.

“I wanted to create a universal design that appeals to the couple who is looking for the upmost privacy, snowbirds who are looking to downsize or the entrepreneur who wants a bachelor pad,” said Allan Malouf with over 20 years of experience in architecture, interior design and real estate acquisitions. “To create the contemporary space, we played with earthy-toned colors, velvet and rustic textures, brought in artwork from artist Andre Poli, select pieces from Pure Project Home and wood panels from the Ukraine, all to enhance the level of luxury this unit offers.”

Reach Residents attract buyers not only because of extravagant interiors, but offers the perks of living in the heart of Brickell City Centre. This urban living experience is perfect for buyers who want a work-hard-play-hard lifestyle. Weekly events held at Brickell City Centre are at at your fingertips, along with some of Miami’s trendiest restaurants, shops and bars. Reach Residents also offers many exclusive amenities such as a spa with hair and nail service, poolside café service, and an entertainment suite.

Reach Residence is located at 68 SE 6th Street in Brickell. All residences come fully furnished for buyers to start enjoying everything Brickell City Centre has to offer from the moment they move in.

Talent Hub Agency Acquires Ground-Floor Retail Suite At Merrick Manor In Coral Gables

Merrick Manor in Coral Gables has announced the sale of a ground-floor retail condominium to Talent Hub Agency, where the firm will open their new Miami headquarters following the acquisition. Merrick Manor is a mixed residential and commercial luxury condo building developed by the Henry Torres-led Astor Companies. The condominium offers nearly 20,000 square feet of prime retail space on the ground floor neighboring the Shops at Merrick Park. Manny Chamizo III, the Global Commercial Director of ONE Sotheby’s International Realty, arranged the sale of this Class A retail space to Talent Hub.

“With interest rates low, prospective commercial tenants are realizing they can buy their own spaces at prices on par with market rents and take advantage of appreciation while building equity,” Chamizo said. “Talent Hub’s purchase at Merrick Manor underscores how this building offers an unparalleled opportunity to buy Class A commercial product within a brand-new luxury mixed-use building just steps away from the world-class Shops at Merrick Park.”

Talent Hub is co-owned by Puerto Rican actor, singer and songwriting Carlos Ponce. The agency represents many A-list influencers and celebrities which will add even more character to the already existing and diverse mix of retailers and businesses at Merrick Manor. Existing businesses include Anaïs Nails & Spa, Body Details, Elegance Beauty Salon, Sweat 440, Trésor and a substation for the Coral Gables Police Department. Coral Gables business district is the perfect location for many businesses as it is easy to commute from Downtown Miami and Miami International Airport. This central location is even walkable to Miracle Mile.

“Merrick Manor is an ideal location for Talent Hub’s Miami headquarters,” Ponce said. “The quality of the building is impeccable. We look forward to helping our talented members realize their vast potential in our new home.”

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative at Merrick Manor located at 301 Altara Avenue in Coral Gables.

Vladislav Doronin and Len Blavatnik Receive Approval For Aman Hotel & Residences In Miami Beach's Faena District

Vladislav Doronin and Len Blavatnik have received approval from Miami Beach City Commissioners to build Aman Hotel & Residences in Miami Beach’s Faena District. The developers will build a new 250’ tall tower adjacent to the historic Versailles Hotel located at 3425 Collins Avenue, in addition to restoring the Versailles Hotel back to its former splendor. Aman Hotel & Residences Miami Beach will feature a 56-room hotel and 23 condominiums.

The approvals required a zoning change for height increase from the permitted 203’ to the proposed 250’. The height increase had been met with community opposition from several Historic Preservation Board members, including chairman Jack Finglass, as well as residents of the King David Condominium across the street. The final plans still must be submitted and approved by Miami Beach’s Historic Preservation Board.

Len Blavatnik is an American industrialist and philanthropist whose firm, Access Industries, owns a diverse portfolio of over 6 million square feet across iconic hotels and other commercial and residential properties in the United States, Europe, South America, and the Caribbean. Along with Alan Faena, Blavatnik developed the neighboring, ultra-luxury condo tower, Faena House.

Aman Hotel & Residences Miami Beach would be the first Aman Resort in South Florida. Vladislav Doronin is the chairman of Aman Resorts, in addition to being CEO of real estate development firm OKO Group. OKO Group’s Miami portfolio also includes luxury waterfront residential towers; Missoni Baia and Una Residences; and 830 Brickell, Miami’s first new office skyscraper in over a decade

Check Out This Exclusive Oceanfront Duplex Residence In The Newly Completed Arte by Antonio Citterio

A duplex villa in the newly completed Arte, by Antonio Citterio, recently hit the market in Miami’s Surfside neighborhood asking $15.5 million. Arte is a unique oceanfront residence that embraces seaside views and modern architecture with a mediterranean flair. Residence 202 is staged by Artefacto, featuring the brand’s newest collection designed by Patricia Anastassiadis.

Nestled between Bal Harbour and Miami Beach, residence 202 is a duplex villa over 8,000 sq.ft. designed with minimalistic architecture and decorated with a node to Brazil. The private terrace overlooks a tranquil beach with floor-to-celing windows allowing the natural light to stream in. This villa is perfect for entertaining, the lower level contains grand open concept living with al fresco dining, complete with European white oak floors and bronze detailing. The duplex Residence 202 is priced at $15.5 million with sales overseen by Douglas Elliman.

For more information about Arte by Antonio Citterio, private showings or purchasing/ leasing information please fill out the form below:

Elevate Partners Locks Down $92 Million In Financing For The Newly Completed Four West Las Olas Apartment Tower

Elevate Partners, led by Scott Bodenweber and Tom Vogel, have locked down $92 million in 3-year bridge financing with optional extension for Four West Las Olas. The loan was provided by the New York-based Benefit Street Partners Realty Trust, who provided $76 million of senior debt, and the West Palm Beach-based Electra Capital who provided $16 million in mezzanine financing. Four West Las Olas was roughly 60% leased at the time of refinancing. The loan was brokered by Denny St. Romain of Cushman & Wakefield with Dan McCawley of Greenberg Traurig representing the developer. The new loan replaces an $80 million construction loan provided by Trez Forman Capital in 2018.

Four West Las Olas was completed in Q1 2020 and rises 25-stories. The tower offers 260-units which range from 588 square feet studio layouts to 1,376 square feet 3 bedroom residences. Pricing ranges from $1,724 /mo. to over $7,000 /mo. Four West Las Olas also features 12,000 square feet of retail and 407 parking spaces. Amenities include a rooftop pool, sky club room, fitness center, speakeasy style piano lounge, demonstration kitchen, residents’ lounge, coffee bar and business center.

The Ritz-Carlton Residences Miami Beach Unveils New 3-Bedroom Penthouse

The Ritz-Carlton Residences, Miami Beach, unveils its newest model unit designed by French brand Liaigre's Design Services. The unit is an elegant 3-bedroom penthouse with a modern minimalist interior that demonstrates LIAIGRE’s signature aesthetic of clean lines and perfect proportion as well as function. The ready to move in penthouse is listed at $5.995 million and includes over 3,400 sq.ft. of interior space, 420 sq.ft. of exterior space and floor to ceiling windows.  

This elegant properly is the first major project in the United States by Italian Architect Piero Lissoni. Accomplishments of the Ritz-Carlton Residences, Miami Beach, include the first residential art studio, the only marine helipad in Miami Beach and is the largest residential project in Miami Beach spanning over 7.5 acres. The Residences include over 111 chic luxury condos and 15 stand-alone villas with private waterfront residences available. 

For more information about The Ritz-Carlton Residences Miami Beach, private showings or purchasing/ leasing information please fill out the form below:

Aston Martin Residences Awaits The First Aston Martin DBX SUV To Be Delivered To Miami

Aston Martin Residences Miami will be the recipient of the first customer DBX to deliver in Miami later this month. DBX is the the very first Aston Martin SUV founded on principles of adventure, beauty, luxury and dynamics. Aston Martin has recently built a new state-of-the-art manufacturing facility in Wales, in the UK, where the DBX has been skillfully hand crafted. The DBX is a luxury 5 seater SUV with a panoramic sunroof and drives like a sports car.

Aston Martin’s Wales manufacturing facility represents the highest quality British craftsmanship and engineering, and the Aston Martin Residences Miami mirror these iconic branding standards. The bond between Aston Martin and the Residences is visible in the intricate details of the unique waterside development. Aston Martin Residences will take the shape of an elegant sailboat shaped glass tower epitomizing luxury on Downton Miami waterfront. The tower is expected to be complete in 2022, will be 66 floors and feature 391 luxury residences and penthouses priced from the $970,000s to upwards of $50 million. This project is Aston Martin’s first real estate venture and expansion into luxury residential design. Aston Martin Residences Miami is developed by G&G Business Developments at 300 Biscayne Boulevard Way and designed by Revuelta Architecture and Bodas Miani Anger.