Melo Group To Break Ground On Arquitectonica-Designed Island Bay In Edgewater In May 2021

Melo Group is gearing up to break ground on Island Bay in Edgewater in May 2021. Work on the baywalk is already underway in compliance with Miami21 which will connect from Edgewater’s Paraiso District through the Miami River across from Brickell. Island Bay is designed by Arquitectonica and will feature twin towers rising 60 stories, 637’. The developer submitted the project to the FAA for approval in November 2020 after first revealing the project in the summer of 2019 and executing a utilities deal with Miami-Dade County in February 2020. When complete, Island Bay will feature 792 residential units and 12,600 square feet of retail. In August 2019 PROFILEmiami first reported that the residences are expected to be condominium units with a luxurious suite of amenities including multiple pools overlooking Biscayne Bay and a multi-sports court. The project is located between NE 24th Street and NE 23rd Terrace as well as NE 5th Avenue to the west. Construction is expected to be completed in the summer of 2023.

MG Developer Partners With Berkshire Hathaway HomeServices In Coral Gables To Complete The Final Phase Of The Biltmore Square Community

MG Developer has recently partnered with Berkshire Hathaway HomeServices (BHHS) EWM Realty to lead sales and marketing for Althea Row and Biltmore Row. These are the last two projects that will complete the developer’s community, Biltmore Square, in Coral Gables. 

Althea Row and Biltmore Row include fifteen grand townhomes featuring 4-bedrooms and 4.5 bathrooms starting at $3.4 million. The residences are near the Coral Gables Business District and within walking distance of Miracle Mile, Riviera Club and The Biltmore Hotel. Five of the townhomes are in Althea Row and will be completed in 2021, the remaining ten will be in Biltmore row which will be completed in 2022.

“We are extremely proud to be working with BHHS EWM Realty,” says Alirio Torrealba, CEO of MG Developer. “As we enter a new era in real estate and a new era of the development of Biltmore Square, I have the deepest respect and admiration for Ron (Shuffield) and the team he built in the community. I look forward to growing the future of Coral Gables with him and his team of experts, who have been such an integral part of The City Beautiful.”

“MG Developer has done great things in Coral Gables and we highly regard Alirio’s confidence in our expertise as we finalize his unique neighborhood’s final phase,” said Ron Shuffield, President and CEO of BHHS EWM Realty. “Alirio and the MG team are an integral part of the Coral Gables community and we look forward to watching his vision for the city evolve.”

A finance team led by Jeffrey Donnelly and Dmitry Levkov has structured about $16 million in equity financing for the Althea Row and Biltmore Row projects. MG Developer, being based in Coral Gables, has taken on many projects in the area. The luxurious townhomes they are currently working on fit in perfectly with Coral Gables’ charm and feature design elements that blend into the city’s aesthetic. 

Melo Group Tops Off Construction At Downtown 5th

Construction has officially topped off on Melo Group’s East Tower of Downtown 5th, the largest multifamily development built in Downtown Miami’s Central Business District. The project is composed of two towers, with the West Tower expected to top-off later this month. The construction has been underway with rapid speed in the middle of a pandemic as the foundation pour was only 9 months ago. The development has completed an average pace of one floor every three days. The project is estimated to be complete in Summer 2021. 

“We’re bullish on the long-term future of Downtown Miami. Despite a global pandemic, we never stopped building for locals who want to live and work in the urban core,” said developer Carlos Melo, Principal of the Melo Group. “Our strategy has always been to build for what the market demands – and we’re seeing a continued need from the community for good quality, attainably-priced apartments in a convenient, walkable location with access to public transit and nearby amenities.”

Downtown 5th will have two 52-story towers and feature 1,042 rental apartments with ground floor retail. Preleasing is scheduled to begin in Spring 2021. Apartments will range from studio to three-bedrooms. Units will have balconies with views of Downtown Miami. Building amenities will include three swimming pools, fitness center, social room, game room and café. 

“Downtown Miami has evolved into a global destination for business and lifestyle. We’re seeing people moving and opening up companies here from major cities across the U.S. and abroad in search of lower taxes, improved quality of life, and reduced expenses,” said developer Martin Melo, Principal of the Melo Group. “As more and more businesses look to relocate or expand to Downtown Miami, we’re building housing for the thousands of employees that will come with them and need a place to live.”

Downtown 5th is located at 55 NE 5th Street, in the heart of Downtown Miami’s Central Business District. The location is within a short walk of Museum Park, AmericanAirlines Arena, Bayside Marketplace and Miami-Dade College’s Downtown Miami campus. 

Check Out This Estate In Southwest Ranches Listed For $13.15 Million

A massive estate in Southwest Ranches hits the market for $13.15 million complete with large guest house. The homes can be sold together or separate, a total of 7 acres, 15 beds and 18 bathrooms combined. The main house is modernly chic and called “The Seville.” What makes this house unique is the talking shower with disco lights and an “alexa-style” voice to interact with. The Seville features 7 beds, 8.5 bathrooms, gym, wine room, home theater and basketball court. The guest house has a Mediterranean inspired flare complete with a beach-like pool surrounded by palm treas. 5875 & 5925 SW 128th Avenue, Southwest Ranches is listed by Chad Bishop and Farah Lauenstein with ONE Sotheby’s International Realty.

ONE Sotheby’s International Realty Launches Pre-Listing Renovation Program ELEVATE

ONE Sotheby’s International Realty announces the launch of a white-glove, pre-listing renovation service called ELEVATE. The service offers a seamless solution that positions properties to sell for a premium price and designed to create value for the company’s clientele. ELEVATE will also help properties sell faster and avoid time sitting on the market.

“We are committed to offering our agents the best tools and luxury services in the industry to help them unlock peak value for their clients,” said ONE Sotheby’s International Realty president Daniel de la Vega. “ELEVATE is a high touch, high value program that aligns with our brand and the exceptional quality of service we offer across the board. Unlike the current financing options some other brokerages offer for pre-listing home improvements, ELEVATE handles the renovation itself from start to finish, with expert teams and no upfront costs.”

ELEVATE will allow sellers and agents to work together prior to listing a home or condo to transform the property with added value and competitive positioning. ELEVATE offers a curated team of experts for a stress-free experience. They will ensure the clients property stands out to sell at a higher price and faster than ever by assembling a team of skilled contractors to ensure all work meets superior standards to distinguish properties from the competition.

“ELEVATE is a game changer” says J. “Eddy” Martinez, sales associate at ONE Sotheby’s International Realty in Miami Beach. “I am preparing to list one of the top units at Continuum for over $10 Million and want to deliver maximum impact and value to my client. We are now working with the ELEVATE team to prepare the property for a successful launch.”

CC Homes Launches Circle S Estates Luxury Homes In Southwest Ranches

CC Homes, one of Florida’s leading homebuilders, has launched sales for Circle S Estates, the former stable of the legendary 1985 Kentucky Derby Winner, Spend A Buck, located in the exclusive mansion and bridle path-lined neighborhood of Southwest Ranches, just minutes from Weston. The private, boutique community of Circle S Estates will feature 42 luxury single-family estate homes on one full acre of land priced from $1 million.

CC Homes, an industry innovator, recently made national headlines for offering the nation’s first at-home telemedicine technology to new homebuyers as part of an exclusive partnership with Baptist Health South Florida. With health top of mind, CC Homes recognizes that families are seeking large, spacious homes with abundant green spaces and blue ribbon schools.

The former 48-acre equestrian estate was a prominent training and breeding farm for more than 30 years, under the ownership of Betty and Ralph Sessa that once stabled, Kentucky Derby winner, Spend A Buck. CC Homes has committed to upholding the property’s proud legacy and maintaining its Old Florida landscaping charm of towering palms and sprawling oaks throughout the property as well as the original fencing.

“These homes put families in the winner’s circle,” said Andres Miyares, Chief Operating Officer at CC Homes. “They offer a prestigious lifestyle in a story book neighborhood rich with racing history and canopied streets where private mansions and horses co-exist in an idyllic setting just outside of the vibrant metropolitan areas of Miami and Fort Lauderdale.”

Each one or two-story Circle S Estate will boast contemporary exterior elevations featuring from five-bedrooms and four and a half-baths, additional guest accommodations and a three-car garage. For a total of up to 7,207 square feet of space, Circle S Estates offer highly-appointed interior finishes with many choices for customization through CC Homes Design Studio. In a nod to its storied past, each estate comes with the option for a white ranch inspired fence with elegant stone balusters for added privacy and charm as well as room for a pool and outdoor kitchen.

Additionally, through CC Homes’ partnership with Baptist Health South Florida, each homebuyer at Circle S Estates will receive a complimentary Baptist Health Digital Health Kit powered by TytoCare™ and unlimited virtual urgent care visits for one year.

Circle S Estates is nestled in the charming, unspoiled Southwest Ranches neighborhood, home owners will enjoy easy access to major transportation corridors such as Interstate 75, Florida Turnpike and Interstate 95, and just a short drive from both Miami and Fort Lauderdale and nearby airports and seaports. For the horse enthusiast, a number of highly rated equestrian facilities and bridle paths are close by.

Palm Beach Towers Home Hits The Market For $3.95 Million

44 Cocoanut Row, Unit 426B/427B, located in Palm Beach recently hit the market. Supply is dwindling on the tropical island as many North Easterners are relocating to Florida and shifting the demographics of buyers. The extraordinary home is in Palm Beach Towers, a luxury condominium development steps away from the Breakers Golf & Beach Club.

The home has impeccable modern interior design including custom detailing throughout. The master bedroom includes a walk around vanity and floating wall panels. The home also features European oak floors, unique light fixtures and motorized shades on the windows which all have beautiful views from every room. The condo is perfect for entertaining with a large open family dining area and spacious kitchen.

Palm Beach Towers is the perfect location for any golfer or homeowner who wants to be near the beach, glitzy boutiques and restaurants. The building also features a pool, gym, restaurant, putting green, hair salon, tailor shop and access to many bike trails. 44 Cocoanut Row, Unit 426B/427B, is listed for $3.95 million with Simon Isaacs, Founder of Simon Isaacs Real Estate.

Terra Reveals Plans For Arquitectonica-Designed Multifamily Project in Little Havana

Terra Group has revealed plans for their newly proposed redevelopment of the Central Shopping Plaza, located across from the Magic City Casino in Little Havana, with the addition of a multifamily project with roughly 1,384 residential units and 1,559 square feet of commercial space on the 38 acre property. The project would feature seven 8-story garden style buildings designed by Arquitectonica, located at 3800 NW 11th St., 3899 NW 7th St. and 901 NW 39th Ave. Terra Group would not demolish but would upgrade and renovate the 301,806 square foot shopping center, which was built in 1959, and features a Walgreens and Party City. The project’s total development would measure roughly 1.74 million square feet. Terra is currently under contract to acquire the property from HayDay Inc., an entity controlled by Barbara Havenick and Isabel Amdur, who also own the Magic City Casino. The proposal was recently reviewed by Miami’s Urban Development Review Board.

“Terra is seeking approval to reposition the underutilized Central Shopping Plaza into a 38-acre mixed-use development. Plans for the development include preserving and upgrading the existing retail center with significant infrastructure and landscaping improvements, while adding an adjacent market-rate multifamily housing component with on-site parking and new green space,” said Terra Group in a statement.

Metro Edgewater Gearing Up To Break Ground In Edgewater's Paraiso District

Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits. Metro Edgewater will rise 32-stories, 373’, and will feature 279 rental units targeted at millennials and young professionals. The project will also feature 4,063 square feet of ground floor retail and a pedestrian promenade along NE 31st Street with lush landscaping and street furniture, designed to act as a gateway for pedestrians from Biscayne Boulevard into the Paraiso District. The parking platform will feature a metal louver screen adorned with geometric artwork by the Miami-born artist Johnny Robles. Metro Edgewater is designed by Pablo Burgos of Burgos Lanza Architects & Planners with landscape architecture by James Socash, all in collaboration with David Polinsky’s Fortis Design + Build. Metro Edgewater will be located at 433-449 NE 30th Terrace and 430-452 NE 31st Street.

MG Developer Locks Down $16.5 Million In Equity Financing To Complete Coral Gables Luxury Townhome Projects

MG Developer, led by CEO Alirio Torrealba, has locked down $16.15 million in equity financing to complete two luxury townhome projects in Coral Gables, Biltmore Row and Althea Row. The projects are currently under construction after broking ground in February 2020. The financing was provided by PBVMF 23 LLC and was arranged by Jeffrey Donnelly and Dmitry Levkov of Colliers International South Florida.

The projects are being developed as part of MG Developer’s Biltmore Square, which features MG Developer nearby projects including apartment projects Biltmore Parc and the recently sold-out Beatrice Row. Biltmore Row features 10 townhome units and is located at 760 Valencia Ave. while Althea Row features 5 townhome units and is located at 735 Almeria Ave. Each townhome under development offers 4 bedroom floor plans and range from 4,514 to 5,524 square feet, featuring terraces, private loggias and luxurious finishes. Pricing starts just over $3 million per unit.