A Penthouse At ARTE by Antonio Citterio Sells For Record $22.5 Million In Cryptocurrency

ARTE by Antonio Citterio, the exclusive boutique condominium which recently opened in Miami’s Surfside neighborhood, has sold its lower penthouse for $22.5 million in cryptocurrency. The deal makes the first cryptocurrency real estate transaction for a new development in Miami. ARTE by Antonio Citterio was developed by Alex Sapir’s Sapir Organization and Giovanni Fasciano. The development became the first new residential development in Miami to accept cryptocurrency as a form of payment earlier this month. The deal was overseen by Tara West of Douglas Elliman, who represented the developer, and Ryan Farbstein and Max Farbstein of The Farbstein Team at Douglas Elliman, who represented the buyer.

The transaction for the 5,067 SF PHB has broken several records including the most expensive price per square foot ever sold in Surfside at $4,440.50 PSF, and the second highest penthouse sale in Miami Beach since 2017. The deal also is the highest price pre square foot sale for a condo in 2021.

For cryptocurrency transactions ARTE has a partnership with blockchain and securities trading platform SolidBlock, which provides custom solutions for buying and selling digital assets. SolidBlock ensures that buyers paying in cryptocurrencies such as Bitcoin and Ethereum enjoy an easy and straight-forward purchasing experience.

Nestled in Surfside, the seaside enclave between Bal Harbour and Miami Beach, ARTE is a boutique, oceanfront development at the center of the city’s most vibrant cultural, culinary and shopping destinations. Featuring a stunning design by Italian master architect Antonio Citterio, the building offers impeccable interiors and finishes, as well as ten-star amenities and service. The development was built to cater to an exclusive selection of buyers who have not found quality design, exclusive privacy or outstanding service anywhere else in Miami.

ARTE residents enjoy a robust suite of amenities not found in other Miami luxury condominiums. They include a 75-foot indoor swimming pool, an outdoor swimming pool and beachfront meditation pond, a rooftop tennis court, state-of-the-art fitness center and yoga studio and sauna and steam room. Additional facilities include a children’s playroom with space for remote learning, residents’ lounge, catering kitchen for out-of-home entertaining, and private temperature-controlled parking spaces.

Prices at ARTE by Antonio Citterio start at $10.3 million, or the equivalent cryptocurrency rate, and the spacious three- to five-bedroom plus residences range in size from approximately 3,150 to 7,550 square feet. Sales are exclusively handled by Douglas Elliman Development Marketing.

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

KAR Properties and Fortune International Group Buy Out Remaining Reach and Rise Residences at Brickell City Centre

KAR Properties and Fortune International Group have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, officially marking the sell out of the residential development. KAR Properties and Fortune International Group will be focusing on selling the recently purchased units with Fortune Development Sales leading these efforts. 

“As fellow developers in the downtown Brickell area, we have great respect for Swire. The company has played an integral role in the transformation of Brickell,” said Shahab Karmely, CEO and Founder of KAR Properties. “The most dynamic part of Miami is downtown, particularly along the riverfront, where we are developing One River Point by Rafael Viñoly as part of a three-phase luxury development located directly across the river from Brickell City Centre.” 

KAR Properties and Fortune International Group believe the existing inventory in today’s market is attractive for the consumer looking to buy and live in Miami now. The continued investment Swire Properties placed into the development, the timing in today’s real estate market, the residences’ prime location and its elite quality are just a few of the reasons the two firms believed in this investment. 

“Brickell City Centre has enhanced Miami’s Brickell neighborhood, bringing high end retailers, global cuisine and entertainment to the community. As Miami’s global appeal and market demand rises, real estate continues to be a smart investment option,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Our firm has had long-term success in the industry with a strong grasp on what is happening in the South Florida market. It is clear Swire Properties has developed a landmark destination for the community.” 

The luxury condominium towers are an anchor for the mixed-use property of Brickell City Centre developed in 2014. This master plan destination stands out as a hallmark of Brickell’s live-work-play lifestyle, attracting both local and international residents and celebrities.

“Swire Properties is delighted to sell the remaining inventory of 81 units to respected investors KAR Properties and Fortune International Group, in a significant transaction that reflects their shared commitment to this outstanding product and belief in Brickell City Centre,” said Kieran Bowers, President of Swire Properties. “Swire Properties will continue to invest in Brickell over the coming years and attention will now turn to the development of the remaining phases and parcels surrounding Brickell City Centre.”

Aria Development Group Reveals Short-Term Rental Condo Tower 501 First In Downtown Miami

Aria Development Group has revealed plans and renderings for 501 First, a short-term rental positioned condo tower proposed in Downtown Miami. A building at 501 NE 1st Ave. that dates back to 1924 and previously served as the YotelPad sales center will be demolished. 501 First is designed by Revuelta Architects and will feature interiors by Shim Projects. The developer has begun marketing the project and units will start at roughly $300,000. The tower is expected to be completed in Q1 2023.

501 First will rise 40-stories and will feature 448-residential units which will range from studio to 2-bedroom floor plans, 385 to 835 SF. Residences will be delivered fully finished and furnished including built-out closets, floor-to-ceiling glass windows, in-unit washer and dryer and balconies which will offer views of the Miami skyline and Biscayne Bay.

Amenities include a 20,000 SF double-height amenity space on the top two floors which will feature a residents lounge, game room, chef’s kitchen, media room, world-class fitness center, rooftop movie theater and a rooftop pool. Other services and amenities will include a 24-7 valet, bicycle storage, a pet lounge, co-working space on the building’s lower floors and a ground-floor restaurant and bar which will be operated by GPG Hospitality. 501 First will not have a parking component.

501 First is among a group of short-term rental approved condo towers which have launched sales in recent months in Downtown Miami. Aria Development Group is wrapping up construction on YotelPad and sales are underway at E11EVEN Hotel & Residences, Natiivo, Waldorf Astoria Hotel & Residences and Legacy Hotel & Residences Miami Worldcenter.

For more information about purchasing a residence in 501 First, private showings or purchasing/ leasing information please fill out the form below:

Related Group Breaks Ground On The Arquitectonica-Designed Solemar In Pompano Beach At 80% Sold

The Related Group, one of the premier real estate developers in South Florida, has broken ground on Solemar, a luxury beachside condominium in Pompano Beach. The project is now 80% sold after launching sales in September 2020.

The 105-residence building is the first-of-its-kind for the city of Pompano Beach, as it is currently the only on-the-sand luxury offering in this dynamic coastal enclave. Entry level units at Solemar are priced from $1.3 million, equating to approximately $800/psf.

The 20-story Solemar features an undulating façade designed by Arquitectonica to mirror the ocean’s rippling waves. Interiors by Meyer Davis embody relaxed sophistication, with an aesthetic that highlights soft muted tones and natural materials.

Residences at Solemar range in size from 2,000 to 2,600 square feet, as well as a limited collection of three penthouses of 4,600 square feet each. Each home is appointed luxury finishes such as kitchens with Italian cabinetry and Sub-Zero and Wolf appliances, private elevators, sprawling master bathrooms with soaking tubs, the latest smarthome technologies and more. Every unit features breathtaking views of the Atlantic Ocean and Intracoastal Waterway.

Each home at Solemar comes wired with DARWIN, a Home Wellness Intelligence Network developed by wellness real estate and technology company, Delos. Sourced and installed by automation company, HEDsouth, the technology seeks to turn your home into a catalyst for enhanced health and performance. Using proprietary software including algorithms and sensor technologies, DARWIN is designed to help enhance energy, sleep and overall well-being, and reduce indoor contaminants that negatively affect respiratory, cardiovascular, immune and cognitive health by monitoring and calibrating air, water and light quality.

Solemar offers world class amenities including a state-of-the-art fitness center overlooking the tropical poolside sanctuary, spa treatment rooms offering on-demand spa services, a theater room, wine salon and club room. Outdoors, amenity options include hammock lounges, firepits, barbeque grills, a poolside café and sunrise/sunset terrace, all set within 250 linear feet of pristine beachfront.

Additionally, residents will be among the first to gain access to the Related Living app, developed exclusively for owners and residents of Related Group developments. Related Living will allow for on-demand and completely contactless communication to utilize Solemar’s extensive resort-style services and amenities. Residents will be able to request their car from valet; chat with concierge; manage deliveries; reserve amenity rooms, beach chairs and BBQ areas; book spa appointments; connect with other residents and more.

For more information about purchasing a residence in Solemar, private showings or purchasing/ leasing information please fill out the form below:

Tour This Record Breaking Altos Del Mar Beachfront Compound Which Just Sold For $37.5 Million In Miami Beach

A one-of-a-kind compound in Miami Beach’s exclusive beachfront Altos Del Mar neighborhood just sold for a record $37.5 million. The combined sale of 7709 Atlantic Way, and the vacant lot next door creates the only double lot in the exclusive gated community. 7709 Atlantic Way sold for the full asking price of $25.5 million, $3,865 PSF which is a record-breaking sale for the area. The adjacent vacant 16,000 SF lot sold for $12 million.

Ruthie and Ethan Assouline with The Assouline Team at Compass represented the seller and designers of the home, South African brothers, Ivan and Moss Kadey. Morgan Blittner with Brown Harris Stevens represented the buyer, Victor Ciardelli, the CEO of Guaranteed Rate.

The 6-bedroom, 5.5 bath residence spans 6,758 SF of interior space with features including a top-level master suite offering breathtaking views via Eastern and Southern exposure, and a TV that floats down from the ceiling. Finishes include custom Porro closets, Boffi bathrooms, Valli Valli door fixtures, Savant smart home system, elevator with custom mesh walls, dedicated office, guest room, laundry room, rooftop deck with 360-degree views and an embedded steel jacuzzi.

Other lavish features of the home include include a fully equipped first level retreat with home theater, spa & steam room, cold plunge, sauna, & Technofit gym.

Outdoors features an expansive entertaining deck with a summer kitchen, cabana, oceanfront garden and pool with a 60’ swim lane.

7709 Atlantic Way was designed as a collaboration between two South African brothers, architect and acoustic designer Ivan Kadey and businessman Moss Kadey. Construction was overseen by Haute & Boss.

As the only direct beachfront single-family home community in all of Miami Beach, the gated and ultra-private Altos Del Mar is comprised of just 24 homes with 24-hour private security and park connectivity to luxury enclaves including the Four Seasons Surf Club, the St. Regis and Bal Harbour Shops.

Images via LPG for The Assouline Team

For more information about homes in Altos Del Mar, private showings or purchasing/ leasing information please fill out the form below:

Ian Bruce Eichner's Continuum Company Closes On Bay Harbor Waterfront Development Site, Plan September Sales Launch

Ian Bruce Eichner, developer of the Continuum South Beach, an iconic luxury condo tower in Miami Beach’s exclusive South of Fifth neighborhood, is back in South Florida with a new project involving two of the last large-scale vacant land parcels remaining in Bay Harbor Islands, Florida.

Eichner’s Continuum Company close on two properties located at 9201 East Bay Harbor Drive and 9461 East Bay Harbor Drive for $29,500,000. Phil Gutman oversaw the transaction and will be spearheading sales and marketing efforts for the project. Eichner submitted plans to the city, which are subject to modification, calling for two 7-story condominium towers with a combined 142 units and 34 boat slips.

“We’ve been looking for the right development opportunity to re-enter the Florida market. Bay Harbor is an overlooked neighborhood with many of the same attributes that contributed to the desirability and success of Continuum South Beach,” said Eichner.

Presales are anticipated to launch this September with a planned December groundbreaking. The 23-month construction schedule calls for a November 2023 delivery date. As with the Continuum South Beach, this Bay Harbor project will offer the same high quality deliverables and finishes that have become hallmarks of the Continuum Company.

“Bay Harbor is a phenomenal community. Steps from the beach and walking distance of the Bal Harbor Shops, we envision a development that will offer Bay-front living with boat slips that will allow residents to take full advantage of direct access to Biscayne Bay, the Atlantic and nearby boating destinations like the Bahamas and Florida Keys,” said Eichner.

The Piero Lissoni-designed Villa Collection at The Ritz-Carlton Residences, Miami Beach Now Over 70% Sold

The Piero Lissoni-designed Villa Collection at The Ritz-Carlton Residences, Miami Beach is now over 70% sold since sales launched on February 1, 2021. The sales represent 10 out of the 15 villas in the Collection with total sales volume over $68,390,000 for 10 the units under contract since sales launched February 1.

The Villas at The Ritz-Carlton Residences, Miami Beach are being developed by GFI Development Co. as the 3rd-party development manager on behalf of 4701 North Meridian LLC. and designed by the world-famous Italian architect Piero Lissoni. The Residences will be ultra-luxurious single-family waterfront homes with dockage. The homes are part of The Ritz-Carlton Residences located in Mid-Beach where the lake, ocean and waterway meet and just minutes from Downtown and South Beach.

The villas will be free-standing and two-stories tall for optimal privacy and space with interiors and exteriors fully designed by Piero Lissoni. Villas will range in size from three-bedrooms to five-bedrooms and feature a two-car garage, fenced yard, private infinity-edge pool and a landscaped waterfront.

The Villas share access to the Ritz-Carlton Residences, Miami Beach’s resort-style amenities including an art studio, 36 private boat slips, an on-site captained Frauscher day yacht, a half-acre rooftop pool deck with private cabanas, a poolside resident-only restaurant, a food forest community garden, a club room, waterfront social room and more. There will be a concierge service to help book beach access, the cinema-style screening room, fitness center, yoga room and meditation garden. The amenities are compliment of The Ritz-Carlton lifestyle of bespoke experiences with a high level of service known in the industry.

The Villa Collection at the Ritz-Carlton Residences are located at 4701 Meridian Avenue in Miami Beach. Pricing ranges starting from $4.375M. The project is exclusively marketing is by Douglas Elliman Development Marketing.

For more information about The Piero Lissoni Villa Collection At The Ritz-Carlton Residences, private showings or purchasing/ leasing information please fill out the form below:

Aston Martin Residences Reveals 'The Art Gallery' As Construction Passes 53rd Floor

The Aston Martin Residences Miami is creating a permanent art gallery on the 52nd floor of the 66-story luxury tower, which is due for completion at the end of next year. Construction is currently on the 53rd floor and the development is 70% sold to-date.

Ahead of the tower’s completion, the Aston Martin Residences' Art Gallery is launching virtually and will showcase a renowned artist online every two months. To launch the virtual gallery, a 3D immersive experience, the Aston Martin Residences has partnered with British artist and acclaimed photographer, Julian Lennon, to present an exclusive exhibition of hand-picked images from his personal collections. The virtual Art Gallery and inaugural exhibit, titled “Vision,” can be seen from today through July 7th by visiting www.astonmartinresidences.com.

“Art and design are woven into the soul of the Aston Martin Residences. Every decision we make is born from an intrinsic love of beauty and meticulous attention to detail. We imagine residents will fill their homes with beautiful artworks, and we’re creating the Art Gallery to offer a secluded and exclusive space for our owners to immerse themselves in an ever-changing canvas of contemporary art. We’ll present works from established artists and emerging talents that make our hearts beat faster, and we hope the Art Gallery will inspire residents in their daily lives,” said Germán Coto, CEO of G&G Business Developments

“We’re 70% sold, and we know that our residents appreciate art. It’s this love of art together with a desire for the highest quality finishes, light-filled spaces, and of course, the stunning waterside location that has attracted clients to the Aston Martin Residences Miami,” Coto continued.

Julian Lennon’s fine photography exhibition, “Vision,” the first to be presented by the Aston Martin Residences’ Art Gallery, can be seen to peruse and admire virtually ahead of the gallery’s physical opening in 2022.

Aston Martin Residences is a luxury residential development on the waterfront in downtown Miami being developed by G&G Business Developments at 300 Biscayne Boulevard Way in Downtown Miami. Coastal Construction is the general contractor on the project, which broke ground in October 2017. The one-of-a-kind Aston Martin-branded tower offers 391 residences which come in a variety of floor plans consisting of one to five bedrooms and penthouses ranging from 8,977-10,463 SF and priced from the $970,000s to upwards of $50 million.

The iconic tower is the first for Aston Martin and will feature 42,275 SF of sky amenities across four floors, including a double-level fitness centre overlooking the ocean, infinity pool, spinning studio, boxing gym, virtual golf room, art gallery, two cinemas, as well as a full-service spa, beauty salon and barber shop.

Aston Martin Residences is scheduled for completion in 2022.

For more information about Aston Martin Residences, private showings or purchasing/ leasing information please fill out the form below:

The 52-Story North Tower Of The Estates At Acqualina Tops Out In Sunny Isles Beach

The boutique North Tower of The Estates at Acqualina, the highly anticipated $1.8 billion residential development, has topped out in Miami’s Sunny Isles Beach at 52-stories, 672’. As with topping-out tradition, the final beam was inscribed with signatures and messages from the development, construction and sales teams, before being hoisted to the top of the building with the American Flag and a palm tree. The Estates at Acqualina is being developed by Trump Group, led by Jules and Eddie Trump, with construction overseen by Suffolk Construction. The topping-out comes following a strong 2021 that saw the Estates at Acqualina closing on 46 deals totaling $375 million.

“The Estates at Acqualina is being constructed to the highest standards, leveraging leading-edge technology and innovation to deliver a sophisticated level of finishes and customizations for this world-class project,” said Pete Tuffo, President, South Region, Suffolk Construction.

After breaking ground in May 2018, the development is on track with the South Tower completion in the 4th quarter of 2021 and the Boutique North Tower in the 1st quarter of 2022. 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. Villa Acqualina will offer 45,000 square feet of amenities, including the New York-based Avra restaurant, a spa and fitness center, and Circus Maximus, an entire floor of amenities including an ice skating rink, bowling lanes, a golf simulator, a Formula One simulator, and a movie theater.

“We are one step closer to completing The Estates at Acqualina,” said Michael Goldstein, President of Sales. “Once completed, The Estates’ beautifully manicured lawns and overall design will integrate like no other with the Atlantic Ocean and provide homes never before seen on the coast or anywhere in the world.”

Through an exclusive partnership with one of the world’s most celebrated designers, the entrance lobbies at The Estates at Acqualina were designed by the late Karl Lagerfeld. The grounds of The Estates’ 5.6 acres will offer lush landscaped gardens, multiple pools, a FlowRider® wave simulator, a basketball court, a bocce court, a dog park, a soccer field, a beachfront restaurant, and five-star beach and pool services. Also available will be a 24-hour valet, 24-hour security services, a full-service resident concierge, and a house Rolls-Royce car.

Residences at The Estates at Acqualina are priced from $4.6 million to $14.5 million to $59 million for penthouses.

Photos via The Estates at Acqualina

For more information about Estates at Acqualina, private showings or purchasing/ leasing information please fill out the form below:

Related Group's Chairman Jorge Perez Sells Apogee Beach Penthouse In Hollywood For $6 Million

Jorge M. Perez, the billionaire Chairman and CEO of Related Group, has sold his Apogee Beach PH in Hollywood, FL for a record $6,000,000 to William Schwitzer, CEO of William Schwitzer & Associates, a personal injury law firm based in NYC. Perez’s penthouse 2401 at Apogee Beach in Hollywood, FL was represented by Oren Alexander of Douglas Elliman while Schwitzer was represented by Gillian Fessler of Douglas Elliman. The 5,051 SF residence traded at $1,190 PSF which equates to over 285% increase since Perez acquired the property in 2013 for about $2 million.

The full-floor penthouse features 6,307 SF of terraces, has five bedrooms, a den, five full bathrooms and one half-bathroom. The penthouse at Apogee Beach was completely custom designed to be a luxurious home for entertaining and grand living with extraordinary views in every direction from its many outdoor spaces, including the all-encompassing balconies on the east & west facades, an expansive rooftop deck with outdoor kitchen and private pool, and a private poolside cabana downstairs. The residence features custom interiors with high ceilings and pale wood floors, a massive living room, and a master suite complete with private office.

“All of South Florida is seeing huge growth, but few markets can even come close to Hollywood Beach in terms of price appreciation,” said Jorge M. Perez, CEO of Related Group. “This neighborhood was long overlooked, but this transaction, and the considerable pent-up demand for similar product, is reaffirmation of what we’ve always known – Hollywood, Hallandale and other hidden gems across the region are poised for their moment in the sun.”

Related Group completed the Apogee Beach condo tower, located at 3951 South Ocean Drive, in 2013. It was designed by architect Carlos Ott, interiors by New York-based David Rockwell and art contributions by Michele Oka Doner and Carolina Sardi. The beachfront condo was the first new construction project developed post 2008 financial crisis on the barrier Island, and has been touted as the pilot for all post-crisis developments across South Florida.

Images via Douglas Elliman