Florida's First Supertall Tower Waldorf Astoria Miami Reaches 72% Sold Just Months After Launching Sales

PMG, along with partners Greybrook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT) have announced that Waldorf Astoria Miami has sold 72% of its residential inventory in 9 months since launching sales. Rising 100 stories and 1,049 feet above Biscayne Bay as the tallest residential and hotel building south of New York City, Waldorf Astoria Miami will become a landmark beacon for the city and an architectural wonder in Florida. The development also marks the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Miami market.

Buyers at Waldorf Astoria Residences Miami hail from across the globe with 55% of buyers being domestic, specifically from the Northeast, California and South Florida, and 45% of buyers coming from outside of the United States. The top international markets include Mexico, Russia, Colombia and Turkey. The sales and marketing success has been 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.

“We could not have reached this incredible sales milestone without the help of our dedicated sales team and our development partners who have worked together to create a truly unique property that will set the standard for luxury living in South Florida,” said Ryan Shear, Managing Partner at PMG. “This achievement is a testament to the strength of Miami’s real estate market and the demand for the next generation of luxury condominium developments in South Florida. Miami is booming and quickly entering a new development cycle, and we are thrilled to be part of the Waldorf Astoria Miami’s legacy, which will forever transform the city’s skyline.”

Located at 300 Biscayne Boulevard, Waldorf Astoria Miami will feature nine spiraling, offset glass cubes that distinguish the property’s architecture from anything else on the East Coast. The tower’s concept design is led by Sieger Suarez Architects, in collaboration with renowned architect Carlos Ott, who worked in tandem to create an iconic structure in Downtown Miami. The developers also partnered with award-winning interior design firm BAMO, which prides itself on creating captivating environments that flow, function and make people feel welcome, at ease and inspired to live and dream more fully.

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. Waldorf Astoria Hotel & Residences Miami will be managed by Hilton Management Services, offering residents and guests alike a truly refined haven through the brand’s relentless commitment to personalized service and best-in-class experiences.

Waldorf Astoria Hotel & Residences Miami is expected to break ground in Q1 of 2022, with completion slated for 2026.

Images via ArX Solutions/ Waldorf Astoria Miami

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For more information about Waldorf Astoria Residences Miami, private showings or purchasing/ leasing information please fill out the form below:

The First Estate Built On Star Island In 1924 Lists For Record $90 Million Following Ultra-Luxe Mega-Expansion

The first estate built on Star Island in 1924 has hit the market for a record $90 million following an ultra-luxe mega-expansion. Located at 27 Star Island, the sprawling estate offers history and the ultimate in contemporary living with two distinct homes spanning 25,000 square-feet of living space on an expansive 40,000 square-foot waterfront lot. The sale would set a Miami-Date County record which was recently set at the nearby 8/9 Star Island Drive which billionaire hedge fund manager, entrepreneur and investor Ken Griffin purchased for $75 million. Star Island is one of Miami Beach’s most coveted address’ with just 30 waterfront homes in the gated community.

The original home built in 1924 by prominent architect Walter De Garmo is Star Island’s first residence. The structure was picked up and relocated to the South side of the property in 2014 and masterfully restored in a way that embodies the roaring 20’s. The second home is a modern masterpiece overlooking 100 feet of water frontage designed by Starchitect SAOTA and built by Coastal.

“This home is not a spec house, it was built for the owner with no expense spared,” said listing agent Alyssa Morgan with ONE Sotheby’s International Realty. “There’s over a quarter of a million dollars worth of acoustic soundproofing and no level changes from interior to exterior for a flush flow that requires a very expensive pedestal drain system. The floors in the original De Garmo residence are restored Miami Dade Pine that are the under water pilings from the original 1924 home.”

Together the residences offer a total of 11 bedrooms plus 12 full and 3 half baths. Features include a Chef’s kitchen with Gulio appliances and 5 cooking methods, elevator, sunset rooftop lounge, and 1,400 bottle wine room. Estate amenities include a waterfront gym, spa with sauna & steam, cold plunge, jacuzzi , massive wraparound pool, office cabana, spa with massage room and hair salon, and new dock with boat lift.

“It’s so special to be able experience the vibe of being in a home with so much history and in one of the most architecturally significant modern homes by SAOTA that really showcases Miami living today - all in one property,” added Morgan.

27 Star Island is listed for $90 Million by Alyssa Morgan with ONE Sotheby’s International Realty. Images by Lifestyle Production Group (LPG).

Images via LPG/ONE Sotheby’s International Realty

ONE Sotheby's International Realty Launches Luxury Podcast Series

ONE Sotheby’s International Realty has launched the ‘The New Luxury’ Podcast Series. The leading luxury brokerage along Florida’s East Coast created the podcast to give their sales agents valuable insights, strategies and ideas through informative and inspiring discussions. ONE Sotheby’s International Realty will invite leaders from some of the world’s most iconic and emerging luxury brands to discuss the innovative ways in which they are navigating this ever-evolving marketplace. Episode 1 will feature Mayi de la Vega, founder and CEO of ONE Sotheby’s International Realty.

“We are constantly looking for new ways to effectively connect with our agents,” said de la Vega. “Our sales associates are always on the go, visiting properties and meeting clients. A podcast offers an energizing avenue to share new ideas, and give agents access to some of the luxury world’s most influential minds.”

Other confirmed speakers for Season 1 include Glenn Gonzales, founder and CEO of Jet It; Janice O’Leary, Executive Editor of Robb Report; and senior executives from brands such as Shinola and Holman Motorcars. Season 1 will also feature Daniel de la Vega, President of ONE Sotheby’s International Realty, who will discuss the global appeal of branded residences.

“Featuring luxury perspectives beyond real estate is key,” said Isadora Badi, Senior Vice President of Marketing at ONE Sotheby’s International Realty. “That brings diversity of thought to the show. We are looking to other industries for new strategies and technology and then connecting the dots with lessons we can apply to our own business.”

Podcasts have boomed in popularity in recent years. Over 78% of Americans are familiar with podcasting and more Americans listen to podcasts than have Netflix accounts. Monthly podcast listeners have grown 61.5% in the past 3 years.

How to Listen/Subscribe:

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-new-luxury/id1603758456

Spotify Podcasts: https://open.spotify.com/show/0CT4T5GgrLeioBgtWDgRV8

iHeart Radio Podcasts: https://www.iheart.com/podcast/269-the-new-luxury-91279781/

OMNY Show Page: https://omny.fm/shows/the-new-luxury

This article was produced in partnership with ONE Sotheby’s International Realty

Château Group Sells SkyVilla Residence For $13 Million At Château Beach Residences, Sunny Isles Beach

Château Group has sold their lavish SkyVilla Residence complete with a private rooftop pool at the ultra-luxury boutique building Château Beach Residences, Sunny Isles Beach. The developer delivered the fully finished residence at the record-setting price of $13 million dollars to a longtime building resident owner.

The unit spans the entire 24th floor and a section of the 25th floor of the building, featuring 4 bedrooms, 7.5 bathrooms, a separate oceanfront master suite wing and a massive great room, perfect for entertaining. The unit has almost 8,500 square feet of interior space and a wrap-around terrace of over 2,400 square feet with its own private outdoor pool.

The only remaining residence is the Signature Penthouse spanning almost 10,000 square feet over two levels, double height ceilings, a 2,500 square feet master suite, an impressive great room and a private swimming pool overlooking the ocean. This one-of-a-kind residence is delivered move-in ready with exclusive high-end finishes and Italian furnishings.

Château Beach Residences is located on the prime oceanfront at 17475 Collins Avenue in Sunny Isles Beach. Comprising only 81 units, the boutique property offers an impressive lobby, a beach restaurant and bar, fitness center, spa, wine room, concierge services, among other top-line amenities.

The signature curvilinear silhouette of the tower, crafted by Château Group, is a standout on the horizon – a design uniquely inspired by the tower’s prime location overlooking the ocean and the Intracoastal Waterway, as well as the rolling dunes of the adjacent beach.

“Our residents have been praising the end-result of the thoughtful and detailed work that has gone into creating and delivering this project,” said Manuel Grosskopf, CEO of Château Group. “The building’s longstanding success, as well as this most recent triumph, have been a testament to the residents’ recognition of a high-quality project paired with high-level of service.”

Since the start of 2019, there has been an uptick in sales activity in the Sunny Isles Beach area, showing a complete shift in the market during the pandemic. For jet-setting CEO’s, top executives, and VIPs, South Florida seems to be the ultimate destination. At Château Beach Residences each resident enjoys luxury hotel-level concierge services, from cleaning and turndown services to transportation to and from the airport, tickets to the most sought-after shows, restaurant reservations, private curated events, all the way to groceries securely stored in their refrigerator.

“The most high-profile buyers in the world have been purchasing homes in this condominium, knowing that the services, amenities, architecture, and design exceeded every expectation.” Added Grosskopf.

Château Beach Residences, Sunny Isles Beach Amenities:

Related Group And Merrimac Ventures Launch The Crosby Miami Worldcenter Condo With No Rental Restrictions In Downtown Miami

A joint venture between Related Group (Related), one of the nation’s most prolific developers, and Merrimac Ventures, a leading South Florida-based real estate investment and development firm, have launched sales of The Crosby Miami Worldcenter (The Crosby). The 31-story tower set within Downtown Miami’s $4 billion 27-acre Miami Worldcenter mixed-use development will deliver 450 turn-key residences, free of rental restrictions. Groundbreaking is targeted for the first quarter of 2023 and delivery in the first quarter of 2025.

“The sales launch of The Crosby comes during a period of immense activity for Miami’s real estate market, with Downtown Miami one of the key beneficiaries,” said Nick Perez, SVP of Related. “Buyers are looking for multiple ways to live and invest, and The Crosby allows them to do both within the city’s most notable address, Miami Worldcenter.”

The Crosby is aimed at a new generation of buyers seeking attainable, flexible living in the core of one of the world’s most sought-after cities.

“Our vision for The Crosby at Miami Worldcenter will capture significant appetite among domestic and international buyers in the market for residential product in the heart of Downtown Miami,” said Nitin Motwani, Managing Partner of Merrimac Ventures. “Our team at Merrimac is looking forward to joining forces with Related on what will be a transformative residential development at the center of Miami Worldcenter’s ‘city within a city’ setting.”

The Crosby was designed as a collaboration between South Florida-based architecture firm CFE Architects, and New York-based interior designers AvroKO. Together, the duo created an urban oasis that that balances the calmness of a retreat with the energy and vibrancy of its surroundings.

Residence floorplans are designed to fit a range of lifestyles, spanning studio, one- and two-bedroom residences, which range from 350 to 825 square feet. Each turn-key home curated by AvroKO comes complete with open living areas, gourmet kitchens with state-of-the-art appliances, a spa-inspired master bath and smart home technology including keyless entry. Balconies feature 180- and 360-degree views of Downtown Miami.

Owners have access to over 22,000 square feet of amenity spaces spanning multiple floors. Amenities include a fitness and wellness center with saunas and plunge pools and a dedicated space for yoga and mat workouts; a spacious coworking center designed for solo or group work; and a clubroom featuring billiards, a theater and a private dining area for exclusive chef events and tastings. The Crosby will also feature museum-quality art in nearly every space, indoor and out.

Outside, owners and residents will enjoy a resort-style rooftop pool deck with a jacuzzi, poolside chaises, an Italian-inspired trellis garden and outdoor grills.

Pricing starts in the $300,000s with OneWorld Properties, led by CEO Peggy Olin, as the exclusive sales partner for The Crosby.

“OneWorld Properties has sold over 1,500 units in Downtown Miami alone, so we’re extremely in-tune with the market and the wants/needs of those looking to live and invest there. The Crosby checks all the boxes and more, so we look forward to working with Related and Merrimac to deliver a successful sellout.” Said Olin.

The Crosby is the latest residential offering within Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. As the second largest urban development in the U.S. after Hudson Yards, the ‘city within a city’ features a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 square feet of retail, restaurant and entertainment space.

Miami Worldcenter occupies 10 city blocks within walking distance of the city’s top museums, parks, sports venues, dining and various other entertainment options, including Museum Park, home to the Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral Station, which offers direct train service to Fort Lauderdale and West Palm Beach – together with access to TriRail, the Metromover and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

For more information about The Crosby Miami Worldcenter, private showings or purchasing/ leasing information please fill out the form below:

First-Ever MetaReal Mansion Under Construction In Both Miami And The Sandbox Metaverse

The first ever MetaReal mansion is currently under construction in both Miami in real life and in the Metaverse and is expected to fetch millions when it goes to auction. Meta Residence, ONE Sotheby’s International Realty and Voxel Architects have aligned to build and sell the first real-world mansion using NFT technology. The luxury mansion is being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser of the NFT asset will also acquire ownership rights of the physical home.

“We are building a rare lifestyle experience that blurs the lines between the metaverse and reality,” said Gabe Sierra, President of the joint venture. “Never before has a project like this been delivered, and we are proud to offer the buyer of this NFT a once-in-a-lifetime opportunity to own the first MetaReal mansion ever created.”

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot home will feature 7 bedrooms and 9 bathrooms. The virtual version will be a mirror image of the property. Michael Martinez with ONE Sotheby’s International Realty is the exclusive sales agent for the project and plans to execute the transaction on the Ethereum blockchain. The metaverse mansion is expected to list for auction in 2022 with a yet to be disclosed reserve price.

“Being able to leverage my expertise to pair a homeowner with real and virtual property is something I never imagined being a part of, it’s exhilarating,” said Martinez, the top agent at ONE Sotheby’s International Realty. “We look forward to finding a buyer for this spectacular property and being involved in a momentous deal in this new era of homeownership.”

The joint venture has also acquired the equivalent of over 40 acres in the metaverse for future projects which may include homes, as well as commercial properties, marketing, and gaming endeavors.

“As a company we push boundaries and constantly evolve with the changing dynamics of the industry—always on the cutting-edge of real estate, art and technology. We believe that the metaverse will play a role in the future of real estate in one way or another,” said Daniel de la Vega, president of ONE Sotheby’s International Realty. “This deal represents a bold move to support our clientele where the real and virtual worlds converge, and we look forward to presenting the property to our unrivaled global network.”

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using $SAND, the main utility token of the platform. The Sandbox offers a wide range of exploration across its metaverse, consisting of 166,464 unique pieces of LAND, each belonging to a user. The Sandbox was founded in 2011 and has partnered with 60+ companies to develop content based on their IPs on the platform, including brands like Square Enix, ATARI, The Smurfs, Care Bears, and more.

Master Brokers Forum Listing: Step Inside A Fully Furnished Park Grove Penthouse Asking $2.2 Million In Coconut Grove

Master Brokers Forum: Master Brokers Forum member Sandra Masis presents this fully-furnished Park Grove penthouse; a gorgeous combo residence featuring three bedrooms and two bathrooms in the brand-new project everyone is talking about. With a bright and spacious floorplan, this residence boasts 1,373 square feet of interior space, as well as over 438 square feet of oversized terrace with floor-to-ceiling windows. Enjoy Italian porcelain tiles that resemble wood throughout the unit, as well as stunning chef's kitchen with gas stove, marble countertops and SubZero + Wolf appliances. Master suite offers oversized his and hers closets, as well as a luxurious bathroom. Experience only the best five-star amenities in Park Grove, such as five-plus acres of lush landscaped gardens by Enzo Enea, 24-hour concierge/valet service, private business center, fitness center, rooftop pool and much more.

Park Grove Club Residences 2831 S Bayshore Dr Unit PH6, Coconut Grove is currently listed for $2,200,000 with Sandra Masis of Cervera Real Estate, who can be reached at (305) 219-5963 and/or Smasis@cervera.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

KAR Properties Locks Down $128 Million Condo Inventory Loan For 2000 Ocean In Hallandale Beach

KAR Properties, led by Shahab Karmely, have closed on a $128 million condo inventory loan for the recently completed 2000 Ocean in Hallandale Beach. Madison Capital Realty provided the loan which will be used to pay off a $103 million construction loan issued by Apollo Commercial Real Estate Finance in 2018. 2000 Ocean was completed in December 2021 and closings are set to begin January 14, 2022.

KAR Properties first launched sales for the project in October 2017 with Douglas Elliman Development Marketing before partnering with Edgardo Defortuna’s Fortune International Group to take over sales and marketing in August 2018. The project officially broke ground in November 2018 with Suffolk Construction as the contractor.

2000 Ocean rises 38 stories, providing spectacular views of the Atlantic Ocean and Intracoastal Waterway. The boutique condo tower, which is designed by Enrique Norten of TEN Arquitectos with concept design by Kobi Karp Architecture & Interior Design, landscape architecture by Sasaki and interior design by Minotti.

The project features 64 residences, the smallest being a 2,913 SF half floor 3 bedroom and ranging up to 5,832 SF full floor 5 bedroom penthouse residences. 2000 Ocean also features a duplex sky vill which comes complete with a private pool deck. Residences are designed by Minotti and feature expansive flow through floor plans, 10' ceilings, private elevator landings, floor-to-ceiling windows, custom kitchens by Minotti Cucine, Monterrey Marble flooring throughout including terraces, custom stone master bath with Agape floating bathtubs.

Services and amenities include two swimming pools with expansive sunrise and sunset views, direct beach access with private beach, private arial and valet entrance, 24-hour valet and concierge, an oceanfront library with garden views, an oceanside lounge and juice bar, an indoor theater, entertainment room, fitness center and a freestanding spa pavilion complete with treatment rooms, Hammam (steam bath), ice room and yoga room. The lushly landscaped grounds feature curated gardens by Landscape Architect Sasaki Associates. The original design concept architect for the project was Kobi Karp.

Prices at 2000 Ocean ranged from $2.6 million to $4.4 million and penthouses ranged from $8 million to $12 million. Remaining developer units start at $3.1 million and range up to more than $10 million for penthouse residences.

For more information about 2000 Ocean, private showings or purchasing/ leasing information please fill out the form below:

Pacaso Launches Luxury Second Home Co-Ownership Platform In The Florida Keys

Pacaso, the leading real estate platform that helps people buy and co-own a luxury second home, has announced that it has expanded its service to the Florida Keys. The company has begun expanding its regional team in addition to an existing Miami and Fort Lauderdale-based team, and is working with a variety of local businesses to support its operations.

“From breathtaking ocean-side scenery to world-class fishing, rich culture and local cuisine, the Keys have long been a popular getaway destination full of endless island activity,'' said Pacaso CEO and Co-Founder, Austin Allison. “We’re thrilled to be expanding our South Florida presence into the Keys and empowering more second home buyers to own a slice of this coastal haven. Our service helps make more efficient use of available housing stock by creating new inventory, allowing a small group of families to become part of a community as unique as the Florida Keys through co-ownership of a luxury home.”

“Pacaso is leading the charge on fractional ownership, and I’ve witnessed firsthand their success in Miami and Fort Lauderdale and am excited they are expanding their business down to the Florida Keys,” said Josh Dotoli, a founding Compass broker in South Florida and leader of one of the top-producing sales teams in the Southeast Region. “I loved the idea of owning part of a Pacaso home in Islamorada so much that I bought a share myself. The property is a new waterfront home with a pool and access to a private beach just 100 miles from Miami. It's a fun boat trip for my family down to the Keys, and we will be able to pull right up to the dock of our Pacaso. We can't wait to create memories at the house, and we have Pacaso to thank for making this dream of a Keys home a reality for us and many others in the near future.”

Pacaso partners with all interested real estate agents and brokerages in markets where it operates. Real estate agents representing buyers who purchase a share of a Pacaso home receive a 3% referral commission in addition to 500 RSUs of Pacaso stock as a referral equity bonus. Agents in South Florida who are interested in working with Pacaso can learn more on the company’s website.

Pacaso’s first listing in the Keys is a 5-bedroom, 3.5 bathroom coastal-inspired home nestled along a canal in White Marlin Beach. The Islamorada home spans 2,900 SF and features open-concept living spaces with soaring ceilings, oversized windows and glass doors that seamlessly connect the interiors to the pool, swaying palms and waterway beyond. The main floor primary bedroom includes a custom closet and opens to the pool and patio. The main bedroom upstairs has a large closet and a Jack & Jill bath leading to another guest bedroom. With two additional bedrooms, the home easily accommodates family and friends. The home comes fully furnished and professionally decorated.

1/8 ownership of the home is asking $444,000 with the whole home price at $2,790,000.

Chris Bosh's Former North Bay Road Estate Sells To Crypto Industry CEO Of MoonPay For $38 Million

Ivan Soto-Wright, the co-founder and CEO of crypto payment system MoonPay, has acquired Miami Heat icon Chris Bosh’s former Miami Beach estate on North Bay Road for $38 million. MoonPay is a London-based online payment system for cryptocurrencies which just recently MoonPay hit a $3.4 billion valuation following a new $555 million funding round led by Tiger Global Management and Coatue. Albert Justo and Mirce Curkoski with The Waterfront Team at One Sotheby’s International Realty were the listing agents and Dina Goldentayer of Douglas Elliman represented the buyer. No comment has been made about the method and terms of transaction.

Bosh sold the same home in January 2021 for $14.4 million to AquaBlue Group, led by Philippe Harari, who would renovate the home before relisting it for $42 million and selling to Soto-Wright for $38 million. The massive price increase reflects the strong demand for waterfront real estate in Miami.

Upon arrival into the lushly landscaped property, guests will be greeted by a living green wall and a garden courtyard area with water installations that highlight the home's perimeter. The gut-renovated home features seven bedrooms and eight bathrooms, with wood and stone finishes throughout. The double-height great room is surrounded in glass, highlighting the captivating views of the bay and garden. Each corner of the home is intentionally and perfectly positioned to flow seamlessly together with high-end finishes from custom millwork to Italian marble slabs.

The grand master suite offers large closets, oversized bathroom with tub and dual sinks, morning kitchen and of course, stunning views. The kitchen features a custom Italian expansive chef’s kitchen with a huge island. The outdoors offers a mosaic tile infinity pool, a detached outdoor kitchen and cabana bathroom plus a separate guest quarters. The fully automated smart home also features a commercial-grade elevator and more.

Celebrity neighbors include Cindy Crawford and Rande Gerber, Karlie Kloss and Joshua Kushner, with former star owners including Dwyane Wade and Gabrielle Union. The home is seeking an overall record, but still lower price per square foot ($3,500) when compared to other recent sales like the sale of Phil Collins and Jennifer Lopez’s former home at 5800 North Bay Road which sold for $39 million at about $4,000 per square foot.

Imagery via ONE Sotheby’s International Real Estate