PROFILE EXCLUSIVE: NEW RENDERINGS OF NEXO RESIDENCES IN NORTH MIAMI BEACH

Fortune International Group in partnership with Blue Road announced the sales launch for Nexo Residences in April and today have released new renderings and design details, exclusively on PROFILEmiami.

The property, featuring 254 residences, is one of the first condo projects with short-term rental capability in the rapidly growing city of North Miami Beach, adding to the area’s economic growth currently underway. Located at 13899 Biscayne Boulevard, it presents move-in-ready residences with full home-sharing capabilities without restrictions, coupled with resort-style amenities. Priced from the $400,000s, studios to four-bedroom townhomes range from about 525 to 2,190 interior square feet.

“We underwent an extensive design process, which included traveling to Italy to visit Il Salone Di Mobile which is the most important design fair to incorporate the most cutting-edge elements throughout the property. Both within the residences and shared amenity spaces, it is important that we deliver a project that speaks to both the buyer and user,” said Ana Christina DeFortuna, Executive Vice President of Fortune International Group. “In studying the audience for Nexo Residences, combined with its prime North Miami Beach location, it was necessary to consider a tech-forward destination that incorporates sustainability with contemporary materials, while making social gathering spaces the highlight of the property.”

The project is designed by Frankel Benayoun Architects Inc, with consultation from internationally-renowned architect Carlos Ott. Its common areas, residence interiors, and landscaping are curated by Urban Robot, the local, full-service design collective behind some of the city’s leading hotels and retail concepts, including W Hotel South Beach, the Gucci Flagship in Miami’s Design District, and Oasis Wynwood. The amenity program was purposefully designed to activate spaces that inspire connectivity within the community.

A rooftop observatory deck will be perfect for scenic experiences, enjoying the expansive open vistas of the neighborhood treetops and water views. The space will be regularly activated as a central area for socializing, complete with a fire pit, dining and cooking area and a refuge for stargazing.

The architectural centerpiece for Nexo Residences is the two-story tech hub with a café, coworking spaces, and a business center. It was designed as a grand focal point when you approach the property from the main thoroughfare of Biscayne Boulevard. The multi-story space will span more than 2,600 square feet and feature large floor-to-ceiling windows that will welcome natural light throughout.

Blending the necessities of remote work life with inspiration from South Florida as a year-round vacation destination, Nexo Residences’ suite of amenities includes a two-story arrival lobby and lounge, which will be an impressive visual experience upon entry to the building. The property’s contemporary design extends onto an outdoor children’s playground. Catering to the modern family, it is a kid’s haven of fitness and activity surrounded by striking architecture and lush greenery. Health enthusiasts can relish the indoor/outdoor fitness center with a yoga studio and virtual trainer and a luxury pool deck complete with resort-inspired pool and two spa pools with loungers.

Radio Mogul Tom Joyner Sells Golden Beach Oceanfront Home For $19 Million

Retired radio legend Tom Joyner has sold his incredible beachfront villa located in the ultra-exclusive town of Golden Beach. The home, which is located on a four-block stretch at 469 Ocean Blvd. and was featured as an Architectural Digest cover story, sold for $19 million. Dina Goldentayer with Douglas Elliman represented both sides of the transaction.

The tri-level villa offers 3 bedrooms and 4 bathrooms spread over 7,340 SF. The home underwent a $7.5 million renovation in 2020 from designer Deborah Wecselman of Wecselman Design, architect Wesley Kean of KoDA, contractor Larqcon Group, and landscape architecture firm Enea. The home features ocean views from nearly ever room and a foyer transformed into an art gallery with pieces from Picasso, Robert Pruitt, Allora & Calzadilla, and Ernie Barnes; finished with a custom Bocci pendant light hanging from the ceiling over the architectural staircase.

The master bedroom occupies the entire third floor featuring stunning bathroom with a glass encased RiFRA tub in the center of the room plus a large open dark wood closet.

Outdoors features a seaside swimming pool with spacious verandas, summer kitchen, beachside louvered cabana and direct access to a private beach.

Golden Beach is the only private community with homes on the sand in South Florida. The ultra-exclusive gated community has its own police force, private beach with pavilion and beachside service, tennis courts, basketball court, multiple parks and kids playground.

Images via Mike Ruiz with Become Legendary

Electric Feel Entertainment Founder And CEO Austin Rosen Buys 6417 Pine Tree Drive Circle

Electric Feel Entertainment Founder Austin Rosen has purchased 6417 Pine Tree Drive Circle for $12.5 million after acquiring the neighboring 6401 Pine Tree Drive Circle also for $12.5 million last year. With the acquisition Rosen now has 185’ on the water and 37,135 SF of land. 6417 Pine Tree Drive Circle, Miami Beach, is a 6 bedroom, 7 bathroom house spanning 4,855 SF. The Mediterranean waterfront home was designed in 1935 by Russell Pancoast. Both sides of the transaction, which closed on July 25, 2022, were brokered by Jordan Karp of Jordan Karp LLC.

Rosen also purchased a commercial building at 235 NE 29th St. near Midtown for $5.6 million in 2021.

Electric Feel Entertainment is a music management, publishing studio and label with over 215+ billion streams. The company was founded by Rosen who is manager of Post Malone, Iann Dior, 24KGoldn, and more. He also founded EF Ventures which helps connect talent and founders of emerging brands in a variety of industries including food and beverage, tech, fashion and Web3.

RELATED, ROVR AND BH GROUP BEGIN VERTICAL CONSTRUCTION ON SOLD OUT DISTRICT 225 CONDOMINIUM

Real estate industry leaders Related Group, ROVR Development and BH Group have officially broken ground on the sold-out District 225. Located at 225 North Miami Avenue in Downtown Miami, the 343-unit property is a new luxury condominium tower offering residents the ability to host their condos on Airbnb for any stay length (subject to applicable laws and restrictions). Completion is slated for 2024.

“District 225 is a project of many firsts. Now, with financing in hand, we’re happy to share that the development is also the first of Related’s next-generation Miami-Dade condos to begin vertical construction,” said Jon Paul Perez, Related Group president. “We couldn’t be more pleased with the reception District 225 saw from buyers and the industry. Not only did the project sell out in record time, but it also gave birth to an all-new type of restriction-free development that’s already had many other projects follow in its footsteps.”

Responding to a sustained demand for flexible ownership and living options, District 225 delivers ready-to-rent, fully furnished residences purposely designed, built and licensed to be shared. The project proved to be a success in the Miami market with all units sold within two months of its sales launch. Unique from past condos in the development team’s respective portfolios, District 225 attracted predominantly domestic buyers, including young professionals and remote workers in the new work-from-home era.

“Downtown Miami is going through a rebirth,” says Oscar Rodriguez, founding partner of ROVR Development. “We’re excited to have identified and secured a site that is so central to this neighborhood’s transformation. District 225 is a catalyst for flexible living, offering luxury condominiums at attainable prices in one of the city’s most promising destinations, surrounded by parks, public transportation, entertainment and more.”

District 225 joins downtown Miami as the neighborhood’s burgeoning market experiences a resurgence of new residential high-rises. The increased demand for residential units in the area is a testament to its growth as a cosmopolitan destination that caters to a live, work, play lifestyle. Just a few blocks away, The Related Group also announced The Crosby, another short-term-rental ready development located within the Miami Worldcenter mixed-use development

Major Food Group And JDS Development Part Ways at MAJOR, Rebranded As 888 Miami

Major Food Group (MFG) and JDS Development Group (JDS) have parted ways at MAJOR, a proposed supertall residential tower at 888 Brickell Avenue. The project has been rebranded as 888 Miami by JDS Development and Studio Sofield. The tower is still described as a ground-up hybrid hotel and luxury condominium residences. The project was to be Major Food Group’s first entry into residential real estate. JDS Development Group is led by Chief Executive and Founder Michael Stern, the powerhouse developer and builder responsible for some of the most dynamic new skyscrapers in New York City and Miami.

888 Miami will rise 1,049 feet tall and rise 888 will feature 259 custom residences conceived as fully hybrid layouts. Each residence is designed to enable the seamless conversions into rooms and suites for guests. The tower, designed by William Sofield, features an elegant and restrained façade of ivory travertine and high-gloss steel columns to express enduring weight and substance while giving a defined graphic, vertical appearance, setting it far apart from its glass and stucco neighbors. The notable crown is wrapped with a filigree of gold spheres and punctuated by extraordinary sculptures in the manner of Italian Futurism on each corner.

Each of the furnished residences in the condo-hotel, ranging from 1-to 4 bedrooms, is designed with custom furniture by Studio Sofield. The plans enable Major residences to seamlessly transform into rooms and suites for guests. Conceived as fully hybrid layouts, each residence utilizes a “lockout” function, which allows for simple conversions between a private residence, suite, and/or guest room. 888 Miami will feature 115,000 square feet of amenities spread over eight floors focused on entertaining, sports, leisure, wellness and fitness.

For more information about 888 Miami, private showings or purchasing/ leasing information please fill out the form below:

Sabal Development Sells Waterfront Miami Beach Spec Home For $16 Million On Hibiscus Island

Sabal Development, an award-winning Miami-based builder and developer who specializes in luxury custom homes, has sold a newly constructed 5,243-square-foot waterfront spec home on a 0.24-acre lot located at 79 N Hibiscus Drive, Miami Beach, FL 33139 for $16 million.

“We are pleased to sell this impressive waterfront property in Miami Beach’s exclusive Hibiscus Island for $16 million,” said Pascal Nicolai, CEO and Founder of Sabal Development. “Miami continues to be a hot real estate market, and we take pride in creating homes that offer modern, luxury living.

Located within the exclusive Hibiscus Island, this stunning waterfront home was built in 2022 and overlooks the pristine Biscayne Bay. Built by Sabal Luxury Builder with interior design by TOGU Design, the home includes five bedrooms, five full bathrooms and one powder room. The home’s impressive elements include an open dining area with a spacious chef’s kitchen, a full suite of Miele appliances, solid oak wood furnishings, Cotto d'Este tile throughout and Toto and Kohler fixtures in each bathroom.

Lourdes Alatriste of Douglas Elliman represented the seller, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. Marko Gojanovic and Reid Heidenry of ONE Sotheby’s International Realty represented the buyer, Alejandro Montealgre.

The Perigon Reveals Sophisticated Interiors by Tara Bernerd In Miami Beach

The Perigon, the first residential project on Miami Beach designed by award-winning architecture firm OMA as well as the only new pre-construction, ultra-luxury condominium currently offered on the city’s iconic beach – has revealed its elegant interiors by Tara Bernerd, the inimitable London-based designer internationally renowned for her work on luxurious hotels and private yachts. Inspired by the tower’s tranquil, dual waterfront location between the Atlantic Ocean and the Intracoastal waterway, the interiors evoke the sophistication of a European riviera and the essence of a five-star resort, further establishing The Perigon as Miami Beach’s premier destination for oceanfront living.

Located at 5333 Collins Avenue, and developed by a joint venture between Mast Capital and an affiliate of Starwood Capital Group, The Perigon’s highly anticipated interior preview includes a first look at the arrival experience and lobby; the private spa, sauna, and treatment room; and the elegant residential interiors and finishes. Drawing from the surrounding natural coastal environment and the color palette of Miami Beach, Bernerd imagined a residential aesthetic that emphasizes panoramic ocean views, abundant natural light, private outdoor space, and expansive floor plans of The Perigon’s 74 two-to four-bedroom residences and 8 resident owned guest suites.

“Combining Tara’s extraordinary talent with the genius of OMA’s architecture and Gustafson Porter+Bowman’s landscaping has differentiated The Perigon in the market,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon captures attention to detail in a way that is unmatched for the area, and there is no better representation of that than in the rich amenity spaces. Through her timeless aesthetic and European sensibility Tara has created a true sanctuary in Miami Beach.”

Inside the residences at The Perigon, Bernerd’s design incorporates a unique combination of organic fabrics, refined materiality and tailored weaves. Juxtaposing stone, glass and wood to create dimension and texture, the interiors include noticeable influences from Europe and its famed rivieras. This is evident in the open kitchen, for example, which features Italian cabinetry custom designed by Bernerd with a focus on craftsmanship and detail. The overall color palette is soft and natural, drawing from The Perigon’s premier location.

In the primary suite, the bathrooms are adorned in marble with dark bronze fittings, and select residences feature dramatic soaking tubs that overlook the shoreline and Miami skyline. Bernerd’s timeless aesthetic further enhances gracious ceiling heights and floor-to-ceiling panoramic views of the ocean and bay. Residences at the intimate 17-story building range from 2,100 square feet to 6,700 square feet and are priced from $4 million.

“The Perigon represents a unique opportunity to establish the next iteration of luxury living in Miami Beach,” says Tara Bernerd, founder of Tara Bernerd & Partners. “Responding to and embracing the tower’s statement architecture, the amenity spaces have been designed to be indicative of a high-end hotel, presenting a unique challenge to infuse a sense of exclusivity together with a sense of warmth for residents. What Mast Capital and Starwood Capital Group have envisioned is setting a new bench-mark in design, and we are proud to collaborate with them on this first look at our designs.”

The collection of amenities at The Perigon best showcases how Bernerd has interpreted the firm’s hospitality prowess into the context of a condominium tower. For the spa, she created an evolved Miami Beach aesthetic that should appeal to the well-traveled, design-conscious resident and their penchant for experiencing a destination through the lens of a local. It features a mixture of materials and fabrics selected both for their authenticity to the area and their connection to sought-after locales.

In the lobby, Bernerd enhances OMA’s bold architecture. By playing with the architectural concept and working with the geometry, she scaled the space to bring warmth and intimacy into the design, so that it feels both grand and welcoming upon arrival, befitting a building of this stature. The floors are finished in a white natural stone with a diamond pattern mimicking the footprint of the tower while contrasting with elegant polished plaster walls trimmed in Italian stone. The result is a new design language inspired by Miami and its nautical and cultural traditions.

The Perigon will deliver many more amenities in addition to these newly unveiled spaces, including a resident-only oceanfront restaurant andspeakeasy bar, conservatory with a daily breakfast bar, sunrise lounge and terrace. Residents will also enjoy an oceanfront swimming pool and spa, as well as poolside cabanas and sunbeds all situated within lush landscaping by Gustafson Porter+Bowman, the firm responsible for redesigning the green space at the Eiffel Tower and the powerful Princess Diana Memorial Fountain in London’s Hyde Park. Benefiting from the coveted beachfront location, residents will have exclusive beach access complete with food and beverage service. Other amenities include a terraced fitness center with ocean views, children’s playroom, private salon, screening room, and wine room. The spaces will be activated by a dedicated lifestyle concierge and residential butler. Imagery is forthcoming.

Sales and marketing for The Perigon is exclusively handled by Douglas Elliman Development Marketing.

Tour A Beachfront Duplex In Ocean House Which Just Sold For $14.5 Million In South-Of-Fifth

A beachfront duplex in Ocean House, a luxury building in Miami Beach’s exclusive South-Of-Fifth neighborhood, has sold for $14.5 million. The sale of 125 Ocean Dr U-201 was overseen by Chad Carroll with the Carroll Group at Compass, who listed the condominium, while the buyer was represented by Christopher Jude with Fortune International Realty. The seller is 125 Ocean Drive Holdings, LLC while the buyer is Randy S Mitchell, Lisa Gregg as Trustees of The Mitchell Family 2022 JQPR Trust.

The residence is custom built for high-tech entertainment. U-201 spans 6,240 SF of living space spread over 4 bedrooms and 4.5 bathrooms. Features include two sunrise terraces, 1 sunset terrace, a glass-encased wine vault enclosing a hidden private home office, a home movie theater, marble flooring, a bar, walk-in closets and more. Ocean House is equipped with premier security and world class resort-style services and amenities including a picnic area, business center, gym, sauna and spa, heated pool, and beach access.

Images via The Carroll Group

Miami Developer Gregg Covin Announces Plans For Fairmont Hotel Branded Residences

Fairmont Hotels & Resorts, part of world leading hospitality group Accor, in partnership with Gregg Covin, notable Miami real estate developer, announced the signing of definitive agreements for the development and management of the first luxury branded residential offering in the Blue Ridge Mountain region of North Carolina - Fairmont Heritage Place - The Cedars, Hendersonville. Set to debut in 2025, the residences will build upon The Cedars’ legacy as a significant landmark while ushering in a new era of contemporary design, outstanding amenities and engaging service infused with local culture and premier hospitality.

Fairmont Heritage Place - The Cedars, Hendersonville will join an exclusive collection of extraordinary Fairmont-branded residences worldwide, offering private ownership with the option to participate in a rental program. Owners will enjoy all the benefits of owning a home with singular access to luxurious amenities and world-class services at Fairmont’s legendary hotels and resorts.

“We are pleased to announce the addition of Fairmont Heritage Place - The Cedars, Hendersonville, the first Fairmont-branded residences in North Carolina. For over a century, Fairmont has been intrinsically tied to the communities the brand calls home and committed to the stewardship of landmark hotels, restoring and preserving historic buildings with great care,” said Heather McCrory, CEO, Accor North & Central America. “A rare opportunity to own a piece of one of the Blue Ridge Mountain region’s most celebrated national buildings, The Cedars will be the most luxurious branded residential offering in the state. We are proud to add The Cedars iconic landmark to our rapidly growing luxury portfolio and continue its legacy for years to come.”

Fairmont Heritage Place – The Cedars, Hendersonville, a 127-unit luxury residential community, is set to transform the mountain city that has become the preferred second-home destination for generations of South Floridians and Northeasterners, due to its central East Coast setting and friendly outdoor culture. The 3.55-acre development includes a magnificent restoration of the original Antebellum grand hotel, which sits on the National Register of Historic Places, as the focal point. Two new six-story, mid-rise buildings will be comprised of studios, 1-, 2-, and 3-bedroom units and stunning penthouses, all with sprawling terraces and impressive mountain views. Prices are expected to range from USD $400,000 to USD $3.8 million.

The Cedars hotel was originally built in 1914 in Neo-Classical Revival style for Jeannie Bailey, whose husband, railroad tycoon J.W. Bailey, headed Southern Railway at the time. Just a few years prior, Theresa Fair Oelrichs and her sister, Virginia Fair Vanderbilt, debuted the first Fairmont hotel in San Francisco in honor of Nevada Senator and mining magnate, James Graham Fair. The historic similarities made for a harmonious union between The Cedars and Fairmont brand.

In 1976, the property was acquired by Clifton Shipman, great grandfather of Gregg Covin’s children. Covin began exploring the property’s potential in 2018 and has since partnered with the Shipman family and Brian M. Gaines to make his vision a reality.

“My family grew up at The Cedars and there is no better time to welcome the next generation to discover and feel at home in Hendersonville. Fairmont brings decades of experience restoring historic properties to their former grandeur and will deliver a level of sophistication the market has been waiting for while complementing the region’s inviting culture,” said Gregg Covin, Developer. “Fairmont Heritage Place - The Cedars responds to increasing desires for second-home ownership in Western North Carolina. Market studies show less than two months’ supply of available housing inventory, with demand outnumbering supply”.

The property will bring a new level of luxury, unforgettable experiences and outstanding service to the Blue Ridge Mountain region known for its beautiful scenery, rich culture and history, and welcoming community. Situated two blocks from the historic Main Street, the residences will be the new home to many of the area’s five-star amenities, offering an exceptional cuisine and beverage program appealing to owners, guests and locals, including a signature restaurant, a lobby bar and a specialty café. Additional property features will include flexible meeting and events space; an expansive wellness center with spa, multiple swimming pools and fitness center; a cooking school; a multifunctional family room; and retail space. Residents and guests have access to nearby private club with Tom Fazio-designed Champion Hills Golf Club. All of the area’s popular destinations are located within a 30 minute radius of Hendersonville, including Downtown Asheville, The Biltmore Mansion, the Asheville Regional Airport, the Blue Ridge Parkway and both Pisgah National and Dupont State Forests.

In addition to onsite privileges, Fairmont-branded residence owners are invited to join the Accor Ownership Benefits Program, presenting them with an invitation to join Diamond status in ALL-Accor Live Limitless, with access to a VIP reservation desk, and special residence owner rates at more than 5,000 Accor hotels and resorts worldwide.

Established in 1907, Fairmont Hotels & Resorts has built beacons of hospitality, magnificent architecture and service in extraordinary destinations; playing a significant role in shaping the social fabric of each location. Renowned for creating unforgettable grand hotels and residences in the heart of each destination, Fairmont was a natural match to continue the next era in The Cedars’ longstanding history. With more than 80 locations around the globe, and several under development, the Fairmont brand boasts some of the most renowned hotel and residential addresses in the world, such as The Plaza, a Fairmont Managed Hotel in New York City, The Savoy in London, Fairmont San Francisco, Fairmont Banff Springs in Canada, Fairmont Heritage Place Mayakoba in Mexico, and the recently reimagined Fairmont Century Plaza in Los Angeles, among others.

Fairmont is part of Accor, the second-largest operator of luxury hotels in North America and a leading hospitality group worldwide. Fairmont Heritage Place - The Cedars, Hendersonville joins an expanding list of highly anticipated openings in Accor North & Central America’s growing portfolio, including Sofitel Legend Casco Viejo Panama in 2022, Raffles Boston Back Bay Hotel & Residences in 2023, Fairmont La Paz Puerta Cortés Resort and Residences in 2023, Mayaliah Tulum Hotel & Residences – MGallery Hotel Collection in 2024, Fairmont Orlando and Fairmont Phoenix in 2025, among others.

PMG and Greybrook Launch The Elser Hotel & Residences In Downtown Miami

National investment and development firm PMG (Property Markets Group), alongside Toronto-based real estate private equity firm Greybrook, have launched The Elser Hotel & Residences, a 49-story new construction luxury condominium located at 398 NE 5th St. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space. PMG Residential is the exclusive sales team for the property, with residences priced from the $600Ks or the equivalent cryptocurrency exchange rate.

“Downtown Miami is the city’s most desirable location for luxury real estate, resulting in high levels of demand met with record-low inventory,” said Ryan Shear, Managing Partner of PMG. “On the heels of an incredible response to our recent pre-construction developments, Waldorf Astoria Residences Miami and E11EVEN Hotel & Residences, PMG continues to meet the demands of Miami’s evolving real estate market by now delivering a new, move-in-ready luxury residential tower to the heart of Downtown with The Elser Hotel & Residences.” Contributing to its growth, Miami has also experienced a flurry of notable corporate relocations from prominent financial institutions over the past two years including Citadel, Blackstone and Thoma Bravo, among others.

Offering sweeping views of Biscayne Bay and the Miami skyline, The Elser Hotel & Residences Miami is designed by Sieger Suarez Architects with interior architecture and design by Cotofana Designs. The fully-furnished residences range from studios to three-bedrooms spanning 404 to 1307 square feet. Managed by industry-leading management company Highgate, the property will allow owners to enter a short-term rental program with daily rental options through The Elser Hotel & Residences Owners Program.

“With historically low resale inventories and long lead times for new projects under development to be completed, we are very excited to be launching The Elser Hotel & Residences Miami, together with PMG, in order to capture the strong demand for move-in ready residences in the Downtown Miami market,” said Peter Politis, CEO of Greybrook Realty Partners. “The short-term rental optionality available to owners, coupled with the high caliber of finishes and offerings, will continue to serve the city as it experiences a population, tourism and corporate relocation boom.”

Amenities at The Elser Hotel & Residences include a double-level amenity deck spanning over 19,000 square feet which overlooks Downtown Miami and Biscayne Bay, a 132-foot resort-style pool with private lounge areas and a 16-foot poolside screening LED wall. Additional amenities include co-working spaces, oversized modern gyms and fitness studios with frequent group classes, multiple lounges, smart package lockers, bike storage facilities, and a yoga lawn overlooking Biscayne Bay, among others. The property will include a new lobby cocktail bar and restaurant by the creators of Jaguar Sun as well as a coffee lounge by Cafe Domino.

For more information about The Elser Hotel & Residences, private showings or purchasing/ leasing information please fill out the form below: