Deco Capital Group Breaks Ground On Eighteen Sunset In Miami Beach's Sunset Harbour Neighborhood
Deco Capital Group has broken ground on Eighteen Sunset, the newest mixed-use development coming to Miami Beach’s Sunset Harbour neighborhood. The five-story, mixed-use building will feature street-level retail and restaurant space, two floors of Class A+ offices, and an exclusive top-floor home in the sky with a private rooftop deck.
Deco Capital Group has broken ground on Eighteen Sunset, the newest mixed-use development coming to Miami Beach’s Sunset Harbour neighborhood. The five-story, mixed-use building will feature street-level retail and restaurant space, two floors of Class A+ offices, and an exclusive top-floor home in the sky with a private rooftop deck. Rising at 1769 Purdy Avenue, construction of Eighteen Sunset broke ground on November 4, 2021, during a ceremony involving the development’s partners, city officials including, and community stakeholders.
Situated between Purdy Avenue and Bay Road – overlooking Biscayne Bay and Maurice Gibb Park – Eighteen Sunset will offer unmatched walkability and accessibility in the heart of Sunset Harbour, which has emerged as one of South Florida’s hottest lifestyle, retail, fitness and dining destinations. Designed by Domo Studio, the project is estimated to be completed by Spring 2023 and will pursue LEED® Gold certification for energy efficiency. The project marks ORIGIN Construction’s third ground-up development to rise in Sunset Harbour, a meaningful neighborhood in the firm’s vast project portfolio.
“As Miami Beach experiences an influx of capital and investment from domestic and international sources, we are thrilled to begin construction of Eighteen Sunset. This development will meet demand for office, retail and residential space in one of South Florida’s most dynamic and walkable neighborhoods,” says Deco Capital Group Founder Bradley Colmer. “Eighteen Sunset will be the perfect complement to Sunset Harbour’s sought after commercial and residential assets, and we’ve assembled a first-rate design and construction team to see the development through.”
Deco Capital Group has selected ORIGIN Construction as the development’s general contractor. Throughout its history, ORIGIN has built and transformed more than 10 million of square feet of commercial real estate, ranging from commercial offices and retail shops, to restaurants, hotels and medical offices. The company is led by a team with a 20-year track record focused on core business lines of commercial workplaces, retail and restaurant interiors, boutique hotels and medical offices. The firm’s high-profile projects include Facebook’s Miami office, Porsche’s Latin American Headquarters, the Prada store in the Design District, and Pipeline Workspaces co-working locations across Florida.
“Eighteen Sunset combines two of ORIGIN Construction’s core capabilities on a larger scale with office and retail,” said John Wood, ORIGIN Construction co-founder. “This is a special opportunity for ORIGIN to further solidify its presence in the market and deliver a unique mixed-use space for best-in-class office and retail tenants.”
Eighteen Sunset’s third and fourth floors will be comprised of approximately 40,000 square feet of Class A-plus office space featuring thirteen-foot ceilings, expansive exterior deck spaces, an architectural overhang, and floor-to-ceiling windows, with Sunset Harbour’s stylish mix of shops and eateries just steps away. Office tenants will also have secure parking on the building’s second floor.
The crown jewel of Eighteen Sunset is a penthouse residence featuring more than 15,000 square feet of interior space as well as a breathtaking rooftop pool deck. All told, the residence comprises approximately 30,000 square feet of private indoor and outdoor space, including a pool and hot tub, outdoor dining room, expansive gardens, seating and recreational areas affording the owner and their guests panoramic vistas of Biscayne Bay, Downtown Miami, and evening sunsets to the west.
Eighteen Sunset’s ground floor totals approximately 17,000 square feet of high-visibility, rentable commercial space, split into four areas ranging in size offering retail and restaurant concepts a selection of spaces to choose from. A central breezeway and cantilevered sidewalk cover will feature expansive outdoor covered sidewalk and breezeway spaces designed to encourage community wellness.
The Eighteen Sunset residential penthouse is listed with Oren Alexander of Douglas Elliman, the retail leasing is being overseen by Sara Wolfe of Koniver Stern and the office leasing is being overseen by Stephen Rutchik of Colliers International.
Plans for Okan Tower Featuring Five-Star Hilton Hotel & Resort Fast Tracked on Heels of Border Reopening
On the heels of the U.S. border reopening to international travelers yesterday and preparing for the influx of overseas buyers anticipated to return to Miami, Okan Group announced that it has relaunched sales for Okan Tower, a 70-story mixed-use tower located at the epicenter of Miami’s urban core.
On the heels of the U.S. border reopening to international travelers yesterday and preparing for the influx of overseas buyers anticipated to return to Miami, Okan Group announced that it has relaunched sales for Okan Tower, a 70-story mixed-use tower located at the epicenter of Miami’s urban core. Having put the project on pause in the wake of COVID-19 restrictions and quarantines on international travel, the world-class development team has turbo-charged their plans and reimagined Okan Tower with the introduction of new floor plans, ten new lofts and an exciting all-weather, glass-enclosed rooftop deck and observatory at the pinnacle of the tower.
The 70-story architectural masterpiece will be anchored by Hilton Hotels & Resorts and features an all-star roster of design, development and co-branding partners, including Okan Development, internationally-renowned architecture firm Behar Font Architects, and Fortune Development Sales. Okan Tower is located in the epicenter of Miami’s urban core at 555 North Miami Avenue. The mixed-use tower will be a monument of the future as Downtown Miami has been reinvigorated by the allure of an ultimate live-work-play destination. The influx of corporate relocations to downtown, Florida’s favorable tax benefits, addition of the flourishing Miami Worldcenter, and the coexistence of new dining, hip shops, and entertainment venues such as the Frost Museum, PAMM, Adrienne Arsht Center and FTX Arena has created an urban utopia desired internationally.
Uniting a diverse collection of mixed-use elements in one vertical destination, the project will present 163 Sky Residences with exclusive owners-only amenities, 236 Condo-Hotel Residences, a five-star Hilton Hotel & Resort with endless amenity and entertainment areas, and Class A Office Space all accessible by separate elevators for Sky Residence owners and Condo-Hotel owners and hotel guests.
“Okan Tower will further position Miami’s reputation as a global design and architectural destination. With its distinctive ultra-modern aesthetic, Okan Tower brings Miami into the international design spotlight once again, while also offering every imaginable amenity and service desired – if not demanded – by the world’s most sophisticated prime property buyers,” said international property magnate and developer of Okan Tower, Bekir Okan, Chairman of Okan Group.
Having put the project on pause in the wake of COVID-19 restrictions and quarantines on international travel, Okan added, “Now, with international travelers and buyers back in Miami, our development team has worked closely with our exclusive sales and marketing brokerage, Fortune Development Sales, to turbo-charge our plans and reimagine Okan Tower with the introduction of new floor plans, ten new lofts and an exciting all-weather, glass-enclosed rooftop deck and observatory at the pinnacle of the tower.”
“Okan Group has assembled a world-class team and we are very happy to be a part of this project by leading sales and marketing efforts. Okan Tower offers a superlative lifestyle with its best-in-class architecture, amenities, services and convenience in one setting,” said Edgardo Defortuna, founder and CEO of Fortune International Group. “We are excited to take the project straight to contract because the developer is ready to move construction forward.”
Okan Tower has been designed by internationally renowned architecture firm Behar Font & Partners who’ve given it a striking curvature façade inspired by the Turkish national flower, the tulip. Equally appealing to both local and global buyers, Okan Tower residences are ideally suited to meet a variety of residential needs. The project’s Condo-Hotel Residences, starting on the 36th floor, will be delivered turn-key, ready for occupancy and sized from studios to two-bedrooms (and from 445 to 1,250 square feet). The Sky Residences, beginning on the 51st floor, will include finished condominiums ranging from one to three-bedrooms, plus a den – with floor plans spanning 695 to more than 2,075 square feet. Two floors of duplex-style penthouses will feature expansive layouts – all sized from 1,875 to more than 2,040 square feet.
A broad amenities package is tailored specifically to Okan Tower Sky Residence buyers and includes a ground floor arrival entrance with dedicated 24-hour reception and concierge, a 70th floor rooftop pool and sky deck with private cabanas featuring panoramic bay and city views, and an additional 12th floor lap pool with clubroom and indoor and outdoor lounges. Sky Residence buyers will also have access to a state-of-the-art health and fitness center with a yoga studio, Peloton® bikes and interactive fitness MIRROR®, as well as a dedicated wellness spa with sauna, steam and treatment rooms. A fully-equipped children’s sensory and play room, cutting-edge technology theater, and wine cellar and owner’s lounge are some of the other exceptional features available that add to the range of the lifestyle amenities on offer to Sky Residence owners.
Among the many signature elements that enhance the experience of being a Condo-Hotel owner or hotel guest at Okan Tower includes a dedicated 29th floor arrival lobby with a 24-hour reception and concierge, as well as reserved access to the hotel’s three amenity levels located on the 27th, 28th and 30th floors. These dedicated floors feature a superior range of leisure, entertainment and business amenities and services including a state-of-the-art fitness center and training facility, an outdoor pool with indoor and outdoor lounges and private cabanas, and a signature wellness spa featuring restorative Turkish treatments and a marble Hamman. A professional chef-styled gastro-kitchen plus grab-and-go-café, multiple bars, conference and meeting rooms, and over 4,500 square feet of ballroom space, complete with a full catering and kitchen facility, round-out the first-in-class amenities available.
Both Sky Residence and Condo-Hotel owners will receive access to premier services such as in-room private dining, in-room spa treatments, professional housekeeping services, on-site laundry and dry cleaning, personal trainers and fitness specialists, and lifestyle concierges presented by Hilton Hotel & Residences.
Okan Tower’s Miami sales gallery is now open at 542 North Miami Avenue. Pricing starts from $387,000 for the Condo-Hotel Residences and $587,000 for the Sky Residences.
Sky Residence
Condo-Hotel Unit
Images via Okan Tower
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CMC Group and Morabito Properties Break Ground On Onda Residences In Bay Harbor Islands
Veteran Miami developers Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties have broken ground on Onda, a new boutique luxury condominium in Miami’s exclusive Bay Harbor Islands neighborhood which is designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica.
Veteran Miami developers Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties have broken ground on Onda, a new boutique luxury condominium in Miami’s exclusive Bay Harbor Islands neighborhood. Designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica, the 8-story waterfront development, now rising at 1135 103rd Street, will boast more than 300 linear feet of bay frontage, a private marina, and sweeping views of Biscayne Bay and the Atlantic Ocean. Construction is expected to be completed in 2023.
News of Onda’s groundbreaking comes as the next wave of residential development in Miami takes hold, fueled by an uptick in demand from domestic buyers looking to relocate from major U.S. cities who are attracted to Florida’s desirable quality of life, lower business and living expenses, and tax-friendly policies.
More than 60% of Onda’s 41 luxury residences have already been pre-sold, with the majority of its buyers hailing from the U.S. Impeccably finished residences include two- to four-bedroom plus den layouts measuring between 1,809 and 3,535 square feet in size, with four penthouse residences measuring up to 5,073 square feet – two of which include private rooftop pool decks. Prices range from $1.8 million to over $9.5 million.
“We set out to create an ultra-luxurious intimate building with a handful of units and residents in one of the nicest waterfront communities in South Florida,” said Ugo Colombo, Founder of CMC Group. “Onda’s boutique exclusivity, commanding bay views, and top-quality finishes and materials will brand it as a standout property for a long time to come.”
“Onda will deliver a one-of-a-kind living experience that you won’t find anywhere else in Miami,” said Valerio Morabito, CEO of Morabito Properties. “Our unique location in Bay Harbor Islands offers residents the best of both worlds – the convenience of being connected to the energy of Miami Beach with access to an abundance of restaurants, shopping and entertainment options just minutes away, with the privacy that comes with living in a private family-oriented neighborhood away from the congestion.”
Located just west of the world-class shopping mecca Bal Harbour Shops, Bay Harbor Islands is one of the most coveted residential neighborhoods in Miami. The exclusive two-island waterfront enclave is situated roughly two miles north of Miami Beach and neighbors Indian Creek Island, a private island famously known as “Billionaire Bunker” for its roster of celebrity residents. Bay Harbor Islands is renowned for its charming small-town community vibe, proximity to Miami’s poshest retailers and restaurants, and stunning waterfront views. The walkable family-oriented village also offers an abundance of parks and green space, along with access to one of the best schools in Miami-Dade County.
Among Onda’s most popular features is its private marina with boat slips ranging from 35 to 60 linear feet. The marina’s 15 slips, which are already 70% sold, are available for purchase by residents only. The development will also include a water sports launch dock with available kayaks, paddle boards and inflatables, boasting direct ocean access through Miami’s Haulover inlet.
Building amenities will include a rooftop pool deck and lounge area; a state-of-the-art fitness center with Technogym equipment, a yoga studio, a spa with massage treatment rooms, changing facilities, and steam bath and sauna rooms. Onda will also feature personalized services, state of the art security and technology along with a front desk reception, covered valet drop-off area, personal parking spaces, electric vehicle charging stations and bicycle storage, and residential storage space. The building will offer an integrated digital concierge along with readily accessible WiFi throughout all public spaces, and FTTH (fiber to the home) technology for voice, video and high-speed internet.
All residences will feature an office/den, private and semi-private high-speed elevators, floor-to-ceiling, impact-resistant sliding glass doors and windows, spacious tiled terraces with private gardens, open floor layouts with up to 9-foot grand ceiling heights, fully-accessorized Snaidero kitchens with top-of-the-line Miele appliances, bathrooms with Italian marble and wood cabinetry, exquisite Italian flooring throughout, energy-efficient air conditioning and heating systems with ultra-quiet technology, and air and water filtration systems.
Onda – also known as the Italian word for “wave” – has been architecturally designed by Bernardo Fort-Brescia of Arquitectonica, with interiors imagined by creative design masterminds Carlo and Paolo Colombo of A++ Human Sustainable Architecture, and lush landscaping by award-winning landscape architect Enzo Enea of Enea Garden Design.
Onda benefits from the track-record and expertise of Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties – two world-class developers driven by their Italian instincts for quality, style, and craftsmanship. Colombo and Morabito previously partnered in 2016 to lead the development of Beach House 8, a nearby boutique waterfront condo building on Collins Avenue in Miami Beach. Most recently, Colombo and CMC Group delivered Brickell Flatiron, a 64-story luxury tower in Downtown Miami’s Brickell Financial District.
Fortune Development Sales is managing sales and marketing for Onda Residences.
Check out our PROFILE Exclusive Interview with Valerio Morabito of Morabito Properties.
Renderings:
For more information about Onda Residences, private showings or purchasing/ leasing information please fill out the form below:
Related Group Launches Casa Bella by B&B Italia At 1400 Biscayne In Downtown Miami
Related Group has launched Casa Bella by B&B Italia at 1400 Biscayne Blvd in Downtown Miami’s Arts & Entertainment District. Casa Bella by B&B Italia will feature 306 units and rise 57 stories. The tower is designed by Arquitectonica and features interiors by Piero Lissoni’s Lissoni & Partners.
Related Group has launched Casa Bella by B&B Italia at 1400 Biscayne Blvd in Downtown Miami’s Arts & Entertainment District. Casa Bella by B&B Italia will feature 306 units and rise 57 stories. The tower is designed by Arquitectonica and features interiors by Piero Lissoni’s Lissoni & Partners with landscape architecture by Enzo Enea. 1400 Biscayne is the site of Related Group’s formerly proposed Auberge Residences Miami. Casa Bella by B&B Italia is expected to be completed in late 2025.
Related Group is currently taking reservations with a 10% deposit. Residences range from one bedroom units starting at 711 SF asking $581,000 to four bedroom 2,187 SF residences starting at $1.9 million. Two bedroom residences start at $823,000 and three bedroom residences at $1.5 million. Owners can rent their units for periods of 30 days minimum up to six times per year.
All residences at Casa Bella by B&B Italia feature two private elevators and a private vestibule. Elevators are equipped with biometric access control for enhanced security. Most units enjoy spacious pass-through layouts with 10-foot ceilings and breathtaking views of Biscayne Bay, Miami’s downtown skyline, and stunning sunsets from the west. Residences feature Italian cabinets in kitchens and baths by ITALKRAFT, an exquisite selection of cabinet finishes and countertops individually selected by Piero Lissoni, and a top-of-the-line black glass appliance package includes integrated, paneled 36-inch Sub-Zero refrigerator/freezer, silent paneled dishwasher, Wolf built-in convection oven, Wolf built-in speed oven, ceramic glass countertop, and wine refrigeration. Bathrooms feature vanity backlit mirrors, spacious spa tubs and frameless glass-enclosed showers in master baths.
Casa Bella Residences by B&B Italia offers two complete floors abundant with amenities, including a world-class fitness and wellness center, dedicated entertainment spaces, and a robust business hub complete with a conference room. Other amenities include an adult lounge, game room, children’s playroom, party room overlooking Biscayne Bay, cinema, wine room, co-working space, pet spa, beauty salon and a museum-quality art collection. The fitness and wellness center will include a state-of-the-art gym, private yoga room, spin room and a world-class spa. Outdoor amenities include a resort style 12th-floor pool deck featuring Italian-inspired gardens designed by world-renowned landscape architect Enzo Enea and 78-foot lap pool with views of Biscayne Bay. The pool deck will also feature a poolside bar and Mediterranean café, private cabanas and shaded lounge areas, towel service and sun-care kiosk, open-air yoga lawn, pickleball court and an outdoor dining area with dedicated space for grilling. Casa Bella by B&B Italia will also feature a rooftop pool and terrace which includes Casa Bella’s private observatory, with a state-of-the-art telescope, features extraordinary panoramic views of the Biscayne Bay.
Casa Bella by B&B Italia also offers a selection of residents services including valet parking, an on-demand concierge pre-arrival grocery shopping & delivery, butler & “while you’re away” services, dry cleaning & laundry, nanny and childcare, overnight shoe shining, pet care services, preferred tickets to theater and other events, courier services and personal IT and tech support.
B&B Italia is internationally renowned Italian Group leader in the high-end designer furniture. Its portfolio includes products by leading international designers including Piero Lissoni, Zaha Hadid, Mario Bellini, Gaetano Pesce, Naoto Fukasawa, Patricia Urquiola and many more. Over its 53 years of history, B&B Italia has designed more than 1200 products and operates over 70 premium single-brand stores in the main cities of the world, 8 flagship stores are directly owned and operated by B&B Italia throughout Milan, Paris, London, Monaco, New York, Dallas, Washington and Miami. The B&B Italia provided all the furnishings for the rooms, suites, public areas and numerous outdoor spaces for Bvlgari Hotels in Dubai, Milan, London, Beijing and Shanghai, Aman Venice and many others . In Miami they provided furnishings for Arte and 1000 museum.
Images via Casa Bella by B&B Italia
For more information about Casa Bella by B&B Italia, private showings or purchasing/ leasing information please fill out the form below:
Step Inside A Lavish Two-Story Urban Villa With Private Sky Pool At PARAMOUNT Miami Worldcenter
Located in a private enclave at PARAMOUNT Miami Worldcenter is their exclusive collection of four, two-story urban villas which are among the most unique residences offered at the massive 27-acre Miami Worldcenter complex. The standalone residences span 2,576 SF of interior space with 2,038 SF of outdoor space.
Located in a private enclave at PARAMOUNT Miami Worldcenter is their exclusive collection of four, two-story urban villas which are among the most unique residences offered at the massive 27-acre Miami Worldcenter complex. The standalone residences span 2,576 SF of interior space with 2,038 SF of outdoor space and feature three bedrooms, a den and four bathrooms, a rooftop for entertaining as well as private sky pools. The urban villas are located steps from the spa on the pool level amenity deck and will offer direct access to the parking garage for added convenience.
Villa 701 is currently listed for $4,460,000 with Peggy Olin of One World Properties.
PARAMOUNT Miami Worldcenter located inside the massive Miami Worldcenter project in the heart of downtown Miami. The nearly sold-out project has more then 57 nationalities represented among its buyer pool. PARAMOUNT Miami Worldcenter is the only residential tower currently for sale within the massive 27-acre mixed-use Miami Worldcenter site. which one of the country’s most visionary and largest mixed-use developments
The tower has made international headlines with its Upper Deck which is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami which features an extraordinary array of action-packed luxury amenities. PARAMOUNT Miami Worldcenter is the most amenitized building in the country, with access to 46 different amenities such as 5 pools, spa, outdoor lounge, summer kitchen, game room, state of the art fitness center, boxing studio, basketball court, racquetball, yoga, observatory, jam room and recording studio and much more.
PARAMOUNT Miami Worldcenter was developed by Royal Palm Companies, led by Dan Kodsi. The tower was designed by Elkus Manfredi Architects with interiors by ID & Design International. PARAMOUNT Miami Worldcenter is located at 851 NE 1st Ave.
This article was produced in partnership with Royal Palm Companies.
Mid-Century Modern Condominium Ten30 South Beach Sells Out Before Completion
Miami-based developer Shoma Group is excited to announce that its exclusive, upscale condominium, Ten30 South Beach, has completed sales. Fortune Development Sales, the exclusive residential brokerage for the project, worked closely with Shoma Marketing to sell all 33 units of the four-story Miami Beach development.
Miami-based developer Shoma Group is excited to announce that its exclusive, upscale condominium, Ten30 South Beach, has completed sales. Fortune Development Sales, the exclusive residential brokerage for the project, worked closely with Shoma Marketing to sell all 33 units of the four-story Miami Beach development. This sellout is a testament to the project's desirability and the current state of the real estate market. The development will open its doors to residents before the end of the year.
Shoma Group is led by Masoud Shojaee, president and chairman of the board, who has developed more than 10,000 residences and completed over $5 billion in real estate transactions. With 33 years of experience, Shojaee identified a void of moderately priced modern condominiums in the Miami Beach market and set out to develop Ten30 as a luxury retreat at an attainable price.
“The demand in the Miami market right now is incredible and we've seen tremendous buyer response to this project,” said Shojaee. “As a beautiful, boutique development in one of Miami's hottest neighborhoods, Ten30 South Beach offers residents an exclusive haven with top-notch amenities at a compelling price.”
Ten30 features a range of one- to three-bedroom residences and a collection of penthouses, ranging in size from 786 to 3,005 square feet priced from $566,000 to $1.9 million. Designed by Adriana Hoyos and Saladino Design Studio, the mid-century modern-style units feature Italian-designed chef-caliber kitchens, Samsung’s Family Hub refrigerator, and Bluetooth-enabled keyless entry and camera surveillance. Amenities include a 6,000-square-foot rooftop deck and rosé-colored pool, two fitness centers, a lounge, an outdoor kitchen area with a barbecue and yoga space.
In March, Shoma and Fortune International Group reported a record pace for Ten30 sales with 11 residences sold in just 15 days. Several buyers purchased multiple units with plans to combine them and update the floor plans to create larger units, which are in greater demand as many out-of-state buyers relocate to Miami.
“I am immensely proud of the Fortune Sales and Marketing teams for accomplishing sellout before completion,” said Edgardo Defortuna, president and CEO of Fortune International Group. “It was a great experience to work with Shoma and we look forward to collaborating on more projects in the future.”
By Katya Demina
Master Brokers Forum Listing: Step Inside Villa "Il Sogno" On Atlantic Isles In Sunny Isles Beach Asking $11.5 Million
Master Brokers Forum: Master Brokers Forum member Alexandra Peters presents Villa “Il Sogno”, located on secluded Atlantic Isle, across from a deeded private beach on America’s Rivera. Custom-built in 2005, the interior is a showcase of imported finishes from around the world.
Master Brokers Forum: Master Brokers Forum member Alexandra Peters presents Villa “Il Sogno”, located on secluded Atlantic Isle, across from a deeded private beach on America’s Rivera. Custom-built in 2005, the interior is a showcase of imported finishes from around the world: impressive book-matched onyx floors from Italy, Pakistan, and Bolivia; mahogany doors from Honduras; and wood floors from Brazil. The foyer boasts 35-foot high ceilings with a gold-leaf fresco depicting the Greek Gods, painted by a French-trained Chilean artist. The ground level features a private dining room, bar, hand-carved onyx fireplace, a media room, two bedrooms, laundry room and kitchen. A grand onyx staircase leads to the second level with six further loft-style bedrooms, including the master suite with stunning water views and a jaw-dropping dressing room that is a masterpiece in itself.
319 Atlantic Ave, Sunny Isles Beach is currently listed for $11,500,000 with Alexandra Peters of ONE Sothebys, who can be reached at 786-282-5290 and/or AlexandraRealtor@gmail.com.
The Master Brokers Forum is a local network comprised of South Florida's elite real estate professionals. Learn more at www.MasterBrokersForum.com.
This article was produced in partnership with Master Brokers Forum
PROFILE Exclusive: Inside Onda Residences In Bay Harbor Islands With Developer Valerio Morabito
PROFILEmiami caught up with Valerio Morabito, CEO of Morabito Properties, to discuss his newest joint venture condo development with Ugo Colombo’s CMC Group, Onda Residences in Miami’s Bay Harbor Islands. Designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica, the 8-story boutique building’s waterfront location will boast more than 300 feet of bay frontage.
PROFILEmiami caught up with Valerio Morabito, CEO of Morabito Properties, to discuss his newest joint venture condo development with Ugo Colombo’s CMC Group, Onda Residences in Miami’s Bay Harbor Islands. Designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica, the 8-story boutique building’s waterfront location will boast more than 300 feet of bay frontage, a private marina, and sweeping views of Biscayne Bay and the Atlantic Ocean. Construction of Onda is estimated to begin this November with completion slated for 2023.
PROFILEmiami: What are your plans for Onda and what does “Onda” mean?
Valerio: When my partner Ugo Colombo and I were envisioning Onda, we had a “less is more” philosophy in mind – an intimate boutique-style condominium with large residences and luxury amenities. The project’s most unique feature of all, it’s waterfront location on the shores of the exclusive Bay Harbor Islands, was our biggest inspiration.
Onda is the Italian word for “wave.” With over 300 feet of direct bay frontage, the property will include a private marina for residents, a water sports launch dock with available kayaks, paddle boards and inflatables, and direct ocean access through Miami’s Haulover inlet.
PROFILEmiami: Tell me about the building’s architectural design.
Valerio: We chose Bernardo Fort Brescia of Arquitectonica for Onda’s architectural design. Bernardo is a world class architect that knows how to translate the beauty of this city into design. That's what he successfully did with Onda, reflecting the movement of the water and the beauty of the bay into the building’s exterior façade with its undulating balconies.
We have always imagined a place immersed in nature, facing the crystal waters of Biscayne Bay and overlooking Haulover natural park, an oasis of peace and tranquility. Steps away from the best shopping, restaurants, beaches and schools in this city. A place where people can connect with nature, enjoy watersports and boating thanks to the marina and the immediate proximity to the ocean. A place where residents can relax and reinvigorate in the spa and gym. A small, private and fully amenitized building in a unique location that makes life easy and filled with great experiences.
PROFILEmiami: What about the rest of the design team and the interiors?
Valerio: We partnered with A++ Human Sustainable Architecture to imagine the building’s interior design and amenity spaces, and with Enzo Enea of Enea Garden Design to create a signature landscape design for the surrounding grounds.
Onda’s interior décor is being imagined by Carlo and Paolo Colombo, the creative masterminds and founders behind A++. The partners, who are both from Milan, the design capital of the world, have built their reputation by designing and building architectural projects – from hotels and restaurants, to residences and commercial spaces – inspired and heavily rooted on the vision of sustainability and well-being.
Their design of the building incorporates natural materials and textures amid light wooden floors, stone and marble accents, and mid-century style furnishings – all in tones of white, beige, gray, brown and gold. Lush green foliage and planters are incorporated into every space, with views of the turquoise waters of Biscayne Bay on full display.
We wanted Miami’s tropical spirit to come together with an Italian sense of style and elegance, and I believe we have achieved it through these great collaborations.
PROFILEmiami: What makes Bay Harbor Islands so unique?
Valerio: Bay Harbor Islands has been Miami’s best kept secret. It’s a quiet and charming neighborhood surrounded by some of South Florida’s finest shopping, beaches, and schools. The area is synonymous with an upscale, family-oriented lifestyle that appeals to buyers from across the country and around the world. You can be close to the ocean without having to deal with the traffic and hustle-and-bustle of Miami Beach.
PROFILEmiami: What types of buyers are purchasing residences at Onda?
Valerio: The vast majority – more than 80 percent – of our buyers are coming from across the U.S., particularly the northeast markets. We are seeing an uptick in demand from domestic buyers looking to relocate from major U.S. cities lured by South Florida’s quality of life, lower business and living expenses, and tax-friendly policies.
Our buyers are attracted the quality of our finishes and construction, our large residences, our private boutique model, our amenities – and overall, our unmatched waterfront lifestyle. Onda provides all the conveniences of luxury condo living on the Miami waterfront, but at less cost than a single-family house.
Our private marina and direct ocean access via the Haulover inlet is a huge selling point for buyers with boats.
PMG Partners With FTX.US To Accept Cryptocurrency at South Florida Real Estate Developments
PMG has announced a partnership with West Realm Shires Services Inc. (“FTX.US” or “FTX”), a leading U.S.-regulated cryptocurrency platform, as the sole platform handling cryptocurrency conversions for two of its South Florida projects deposits and residential transactions.
PMG has announced a partnership with West Realm Shires Services Inc. (“FTX.US” or “FTX”), a leading U.S.-regulated cryptocurrency platform, as the sole platform handling cryptocurrency conversions for two of its South Florida projects deposits and residential transactions — E11EVEN Hotel & Residences Miami and Waldorf Astoria Residences Miami. This announcement represents FTX.US’s first entry into the real estate market, further establishing developer PMG as a trailblazer in the real estate industry and FTX.US as an innovator in the cryptocurrency financial services space. To commemorate the partnership PMG hosted the FTX/ Crypto Roundtable at Waldorf Astoria Residences Miami where Miami’s real estate leaders with experience completing deals using cryptocurrency met with FTX.US VP of Business Development Avinash Dabir for an in-depth discussion about how the FTX cryptocurrency platform handles cryptocurrency conversions for PMG’s luxury real estate properties.
“As FTX continues to grow its presence in the Miami area, we couldn’t think of a more ideal time to work with such a prestigious cryptocurrency exchange platform,” said Ryan Shear, Managing Partner of PMG. “We foresee this partnership with FTX bringing increased security for our cryptocurrency payment processes offered to buyers due to their extremely diverse portfolio and impressive experience.”
In June, national developer PMG announced it is the first U.S. real estate developer to accept cryptocurrency for condominium deposits in pre-construction projects through E11EVEN Hotel & Residences Miami. Additionally, E11EVEN Partners, the hospitality brand co-developing E11EVEN Hotel & Residences with PMG, announced in April that it is accepting cryptocurrency for transactions at its globally renowned nightlife venue, E11EVEN Miami. Through this deal, buyers utilizing cryptocurrency for either the remaining available inventory at E11EVEN Hotel & Residences Miami or Waldorf Astoria Residences Miami, or each following deposit, will have their payments converted through FTX.US.
FTX.US President Brett Harrison commented on the news, “Alongside FTX, cryptocurrency’s presence on the global stage only continues to grow, and this is just the latest development in that process. We are excited to add such prestigious institutions to our roster of partners and increase consumer access to digital assets and digital asset-related services. At FTX, we believe that crypto is the future of finance and strive to do our part on a daily basis to make this future come to fruition.”
Centrally located in Downtown Miami’s Park West District, E11EVEN Hotel & Residences Miami developed by PMG and E11EVEN Partners will be designed by internationally renowned Sieger Suarez Architects and feature finished residences and hotel rooms by award-winning design firm AvroKO. E11EVEN Hotel & Residences Miami encompasses 375 fully furnished residences. Each unit comes equipped with fully-integrated “smart building” features and 24/11-style amenities, including celebrity-chef dining experiences throughout the property, a casino-style sports lounge, an E11EVEN’s Members rooftop experience, and a world-class wellness center curated by Chopra Spa & Studio. E11EVEN Hotel & Residences Miami is destined to be a lifestyle experience and destination, the first of its kind in the United States. Residences start at $300,000 and include studio, one, and two-bedrooms, as well as a limited Penthouse Collection along with two Presidential Suites.
Located at 300 Biscayne Boulevard, the development of Waldorf Astoria Residences Miami is led by developer PMG, Toronto-based private equity firm Greybrook Realty Partners, global investment company Mohari Hospitality, S2 Development and will be managed by global hospitality company Hilton. The tower will rise 100 stories and 1,049 feet above Biscayne Bay as the tallest residential building south of New York City. The property will consist of 360 private residences as well as 205 guestrooms and suites within the five-star hotel. Signature spaces will include Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a spa and fitness center. The development marks the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria Hotels & Resorts, in the Miami market.
Residences start at $1 million, with sales and marketing being led in-house by PMG Residential, including Aura Aragon, Alejandra Castillo, Karine Carvalho, Daiana Quiceno and Christian Tupper, in collaboration with Fredrik Eklund, Julia Spillman and John Gomes of Douglas Elliman’s Eklund | Gomes Team.
Continuum South Beach Announces Mandatory Vaccination Requirement For Entire Workforce
Continuum South Beach, a resort-style oceanfront condominium residences located in Miami Beach’s South of Fifth neighborhood, has implemented a mandatory vaccination requirement among its employees and contractors.
Continuum South Beach, a resort-style oceanfront condominium residences located in Miami Beach’s South of Fifth neighborhood, has implemented a mandatory vaccination requirement among its employees and contractors. Continuum’s Master Board of Directors, together with Associa/Marquis Association Management, the industry’s largest community management company, announced it would be stepping up its vaccine requirements by mandating that all employees and contracted/third party personnel are vaccinated or provide proof of COVID-19 vaccination in order to continue employment. The management team and Board has established a target date to have all employees fully vaccinated by November 15th this year, a move considered to be the first of its kind for staff among the region’s vast number of residential properties.
“Our requirement falls in line with many major companies requiring a vaccine mandate,” says Rishi Idnani, Managing Director at the Continuum. “By Grandfathering in this most essential new protocol, we are convinced that this approach will reinforce our commitment in keeping our residents and employees as safe as possible, as we charter a new course to battle the pandemic ahead of the upcoming high season. We hope it sets a good example and an industry standard, or best practice, for other residential communities to follow suit. We have been fortunate to have the majority of our residents and employees vaccinated in the recent months, and having vaccinated more than 500 residents to-date is a colossal achievement and first program of its kind thanks to our dedicated partners. I believe that making the vaccination as easy as possible enables people to make the right decision and we are delighted to offer this service to our residents.”
The Continuum has implemented state-of-the-art technologies for the health, safety and security of its residents. With the help of today’s most advanced security company, iDentyTech Solutions, the property has successfully phased its reopening of all amenities and common areas seamlessly for homeowners, strictly adhering to state and local guidelines, while minimizing the risk of exposure to COVID-19. To heighten the level of “contactless living” throughout the development, the latest facial recognition and biometric technology has been introduced, allowing residents to enjoy the benefits of personal authentication as they move around the property.
Bentley Residences Miami hosted the Torcal’s Florida debut, pairing Bentley’s first fully electric production vehicle with a tour of its model residence and private garage.