Fueled by Miami's Growing Tech Sector, Wynwood's Luxury Residential Market Continues to Skyrocket

As tech companies and financial institutions flock to the graffiti-soaked streets of the Wynwood Arts District, Miami’s cultural and creative capital is swiftly becoming the city’s tech epicenter — and that’s having a profound impact on luxury residential sales, including several record-breaking transactions. The former warehouse district turned canvas for contemporary street art is now home to some of the country’s most innovative companies, including Spotify, Live Nation, PwC and venture capital firms Founders Fund and Atomic.

As tech companies and financial institutions flock to the graffiti-soaked streets of the Wynwood Arts District, Miami’s cultural and creative capital is swiftly becoming the city’s tech epicenter — and that’s having a profound impact on luxury residential sales, including several record-breaking transactions.

The former warehouse district turned canvas for contemporary street art is now home to some of the country’s most innovative companies, including Spotify, Live Nation, PwC and venture capital firms Founders Fund and Atomic — all of which recently opened offices in Wynwood.

“Wynwood is the destination of choice for relocating tech and finance firms and their respective talent, many of whom are looking to put down roots in Miami,” said Nick Pérez, Senior Vice President for real estate powerhouse, Related Group. “It’s undoubtedly become one of the most sought-after neighborhoods in what is already a white-hot residential real estate market.”

As a neighborhood pioneer, Related was the first residential developer to enter Wynwood, delivering the neighborhood’s first newly-built residential property, Wynwood 25. With its 2019 opening, Related kicked off a wave of development that has since transformed the area into one of the hottest residential markets in the country. Related alone has a total portfolio, including units completed and under development, of more than 1,250 luxury rental apartments in Wynwood, with practically zero vacancies.

Now, the developer is betting big on the future of Wynwood’s luxury condominium market. Earlier this year, Related, in partnership with New York-based developer Tricap, introduced the NoMad Residences Wynwood, the first hospitality-infused condominium in the area. As the first residential concept from the global hospitality icon, NoMad Hotels, the property is seeing significant demand from buyers. In fact, the developer reports having signed contracts on more than 50% of the homes, including a unit at roughly $2,000 per square foot, shattering neighborhood price records.

“Many in the industry thought we had lost touch when they saw how much we were investing in the area,” adds Pérez. “Fortunately, our bet paid off big and today we’re the single most active developer in the area. Much like we did with our rental projects, we hope to set an example that other condo developers can follow. Not only are we delivering a high-quality product that buyers can be proud to call home, but doing so in a way that is authentic to Wynwood.”

Designed in collaboration with globally-renowned partners DesignAgency and Arquitectonica, the nine-story NoMad Residences Wynwood offers 329 turnkey condominium homes. Layouts range from studios to two bedrooms, each featuring floor-to-ceiling windows and private balconies. All units will come fully furnished, with packages thoughtfully curated by DesignAgency.

Developed with no rental restrictions, buyers will also have the option to rent their units to guests for any length of time. An expert in-house property management team will spearhead check-in and check-out and assist unit owners with the overall process.

Surrounding the property is a vibrant, walkable community that boasts over 70 art galleries, luxury boutiques, seven Michelin-star and many five-star restaurants, and the world-famous Wynwood Walls. Much like how NoMad New York helped transform Manhattan’s North of Madison enclave into one of the city’s most in-demand neighborhoods, Related and NoMad anticipate this new property will contribute to Wynwood’s impending growth.

At the heart of this promise is the property’s best-in-class food and beverage offerings, which will be open to the public and include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, VP of Food and Beverage at Sydell Group and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park. On NoMad Wynwood’s ground floor, residents and the community will be able to enjoy a Casa Tua Cucina, an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare.

In addition to the showstopping eatery and bar, the development offers a full suite of resort-style amenities, including an expansive rooftop lounge with striking panoramic views of downtown Miami, a fully serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more.

Additional on-site highlights include an outdoor theater with a seating lawn and grilling area, 24/7 valet service, and museum-quality art handpicked from the Jorge M. Pérez Collection.

NoMad Residences Wynwood has achieved several important construction milestones, including the application for permits after the building’s plans were approved by the Urban Development Review Board. The sales team has also begun converting reservations to contracts.

Pricing for NoMad Wynwood’s available units begins at $600,000. For more information or to arrange a private tour of the sales gallery, please visit nomadwynwood.com or call (786) 437-3355.

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FIVE PARK UNVEILS PLANS FOR FIRST RESIDENTS-ONLY MEMBERS CLUB

Terra and GFO Investment’s Five Park, the newest luxury residential tower rising in Miami Beach, reveals plans for the first residents-only, fully serviced social club within a luxury condominium. The Canopy Club features a social amenity package rooted in cultural programming, wellness and elevated culinary offerings.

Terra and GFO Investment’s Five Park, the newest luxury residential tower rising in Miami Beach, reveals plans for the first residents-only, fully serviced social club within a luxury condominium. The Canopy Club features a social amenity package rooted in cultural programming, wellness and elevated culinary offerings.

“Five Park’s Canopy Club represents a new standard of luxury and exclusivity in Miami Beach,” says David Martin, CEO of Terra. “We developed a selection of amenities that enhance quality of life, wellness, culture and connectivity. Five Park residents will make their homes within a building that embodies a complete living, breathing ecosystem, offering dynamic spaces and creative programming to their doorsteps.”

Helmed by a world-renowned team of visionaries, Five Park sets a new precedent for Miami Beach lifestyle, unveiling 50,000 square feet of in-house amenities and a three-acre park outside. Perched on the 26th floor, the Canopy Club spans 40,000 square feet of social spaces, which include a private dining room, jewel box bar and lounge, living rooms, library, den, outdoor terraces, wellness and fitness areas. Additionally, residents have their own stretch of the beach just a couple of blocks away at the Five Park private beach club. Located on South of Fifth, the outdoor club unveils a branded, exclusive section with lounge chairs, umbrellas and food and beverage service.

“Miami has become a mecca for luxury,” says Cathy Strafaci, executive vice president and managing director of Douglas Elliman. “As the luxury condominium landscape continues to evolve, so are the buyer standards for elevated lifestyle and exclusivity.”

Canopy Club features a dedicated club-level concierge and robust programming. From white glove attention, to wellness, dynamic leisure areas and the finest dining, the Club allows residents to live, work, play and entertain their guests in a variety of spaces suited to every mood. Members will be able to take full advantage of the Canopy Club’s Specialty Dining and Beverage Program, a seasonal dining experience curated by renowned chefs, set in the exclusive jewel box bar and dining room. The Club also includes state-of-the-art wellness areas and a signature spa with in-house personal trainer and wellness coach, private training areas, amid spectacular bay and ocean views.

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Former CEO of SoftBank Marcelo Claure Lists Vacant North Bay Road Lot For $39.9 Million Complete With Permitted Plans By Iconic Architect Kobi Karp

The former CEO of SoftBank, Marcelo Claure, has listed one of the largest and most spectacular waterfront vacant lots to recently enter the Miami Beach prime property market for $39.9 million. The property is listed with Berkshire Hathaway HomeServices EWM Realty Senior Vice President and top-producer Nelson Gonzalez and comes complete with fully permitted plans by renowned architect Kobi Karp.

The former CEO of SoftBank, Marcelo Claure, has listed one of the largest and most spectacular waterfront vacant lots to recently enter the Miami Beach prime property market for $39.9 million. The property is listed with Berkshire Hathaway HomeServices EWM Realty Senior Vice President and top-producer Nelson Gonzalez and comes complete with fully permitted plans by renowned architect Kobi Karp.

Presented for $39.9 million, the listing, 5212 North Bay Road, is an expansive, 27,334-square-foot vacant lot – equating to $1,459 per square foot. The property offers 150 feet on Biscayne Bay, providing stunning, unobstructed panoramas of the Miami skyline, sunset, and Biscayne Bay. The vacant property’s availability is unique for the area, which currently has few, if any, empty lots for sale, and none comparable to this property’s size and scope.

The property comes with permitted plans by internationally revered architect Kobi Karp, whose vision calls for a nine-bedroom, 14-bath (eight full-bath and six half-bath) mansion with 14,000 square feet of lavish interiors, an abundance of amenities, and extraordinary exterior spaces, including a rooftop that has been positioned to capture the sheer magnitude and entirety of the views. A new seawall and dock are also currently under construction.

“This is a landmark opportunity for a savvy buyer who’s looking to build their waterfront dream home,” said Gonzalez. “For someone seeking a large piece of land with the best price and location, this listing cannot be overlooked. And because of Kobi’s permitted designs, a buyer can put a shovel in the ground on the day they close.”

Featuring a central and tranquil location, the property is additionally located within minutes of the La Gorce Country Club and golf course, beaches, the Sunset Harbour and Bal Harbour neighborhoods, downtown Miami, and the Brickell financial district.

Images via Berkshire Hathaway HomeServices EWM Realty

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Boutique Luxury Condominium Tal Aventura Launches Sales

2151 Development Group and 2020 Acquisitions have launched sales for Tal Aventura, a boutique residential building redefining luxury living in Aventura. Located waterside in the heart of the city, Tal Aventura will deliver an exquisite collection of 86 residences ranging from two to five bedrooms, plus a selection of customizable lanai and penthouse residences, with unobstructed views of Maule Lake.

2151 Development Group and 2020 Acquisitions have launched sales for Tal Aventura, a boutique residential building redefining luxury living in Aventura. Located waterside in the heart of the city, Tal Aventura will deliver an exquisite collection of 86 residences ranging from two to five bedrooms, plus a selection of customizable lanai and penthouse residences, with unobstructed views of Maule Lake. Set to break ground in Q4 2023 with completion expected in 2025, residence pricing ranges from $1.4M to $9.9M.

“Tal Aventura sets a new standard for luxury in Aventura, there is nothing else like it,” said Matthew Rosenblatt, founder of 2151 Development Group. “We envisioned condo residences that feel like a single-family home, with ample space in an incredible location–while delivering active amenities that cater to a lifestyle rooted in community and convenience. The result is a residential offering that addresses the area’s needs and transcends expectations.”

With architecture and interiors imagined by internationally acclaimed IDEA Architects and IDDI, the 26-story building will reflect timeless elegance with elevated, functional design. Spanning from 1,245 square feet to 6,200 square feet, residences showcase outdoor living spaces and private elevator entry–with the majority featuring 4+ bedrooms–emulating a home in the sky.

Each elegantly appointed residence is meticulously designed to maximize space and create a seamless indoor/outdoor living experience with sweeping floor-to-ceiling windows/doors and sprawling terraces reaching over 3,000 square feet–overlooking soaring lake, ocean and city skyline views. Refined interior finishes include Italian porcelain flooring, custom gourmet kitchens by Italkraft with stacked double ovens and dual sinks on a 14-foot quartz island, while oversized bathrooms showcase Italkraft vanities.

“Tal Aventura stands alone as the only new development in the neighborhood addressing a need for product that caters to families seeking single family home layouts with a seamless resort-style living experience,” said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “With its prime location and unmatched amenities, buyers are presented with a transformative project that we are proud to bring to the market.”

Residents will enjoy an enviable host of luxury, family-focused amenities and green spaces spanning across 50,000+ square feet. Thoughtfully curated spaces include a resort-style pool with cabanas, children’s splash pad, playground, outdoor theater, lounge, BBQ area, miniature golf, basketball and pickleball court, all surrounded by lush tropical landscaping and gardens. Wellness offerings include a spa, sauna, treatment rooms, and state-of-the-art fitness center, while social areas include a private dining room with a terrace and custom wine wall, coworking lounge and conference room, a children’s playroom, entertainment lounge, yoga studio, golf simulator and pet spa. Dedicated staff including concierge, doorman and valet is available around the clock to assist residents.

Located at 2785 NE 183rd Street east of Biscayne Blvd, residents can enjoy expansive, unobstructed views of Maule Lake from every home, top-rated schools, fine-dining with kosher options, houses of worship and boutique shopping experiences, all within walking distance.

Tal Aventura’s sales gallery is expected to launch before the end of the year. Sales and marketing is managed exclusively by Douglas Elliman.

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Shahab Karmely and Edgardo Defortuna To Co-Develop One River Point On The Miami River

Following their mutual success with 2000 Ocean, where Fortune International Group handled the sales and marketing, and Brickell City Center’s Reach & Rise residential sell out, New York developer, Shahab Karmely of KAR Properties and Miami Developer Edgardo Defortuna of Fortune International Group, have announced that they will co-develop One River Point in partnership with each-other.

Following their mutual success with 2000 Ocean, where Fortune International Group handled the sales and marketing, and Brickell City Center’s Reach & Rise residential sell out, New York developer, Shahab Karmely of KAR Properties and Miami Developer Edgardo Defortuna of Fortune International Group, have announced that they will co-develop One River Point in partnership with each-other.

Together with their new entity, One River Point Partners, LLC the pair purchased the site from the original entity of One River Point paying $58.85 million. The parcel enjoys an enviable location in the city’s epicenter, just steps from the Brickell financial district and luxury retail shopping and entertainment center, Brickell City Centre, as well as the major transportation hubs, and within minutes from Miami Beach, the Port of Miami, major international airports, and cultural landmarks such as the Adrienne Arsht Center, American Airlines Arena and Perez Art Museum.

The fully approved One River Point project, designed by the star architect, Rafael Viñoly, is currently being adapted to today’s market and lifestyles. The developers are putting together the final touches on the personality and lifestyle components of the property and plan to take it to the market in 2023.

Defortuna cited his past success with Karmely and the unique prospect of co-developing a waterfront site in one of Miami’s prime neighborhoods to be a rare opportunity and the driving force behind the decision.

“We remain extremely bullish on the market and on the future of the Miami River. South Florida is one of the top living destinations attracting people from all over the world and waterfront living is the apex of the Miami luxury lifestyle,” said Edgardo Defortuna, President and CEO of Fortune International Group.

“Following up on our achievements with Reach and Rise at Brickell City Centre project and our continued collaboration of sales and marketing on 2000 Ocean, we are happy to announce the next phase of our business relationship” said Karmely. “I’ve always maintained that the Miami River’s setting, location and views had the same potential as London’s River Thames, Paris’ Seine or Tokyo’s Sumida River where residents enjoy the best of waterfront cosmopolitan living. Edgardo and I are excited to realize the original vision and fine tune the details to take this project to the next level together,” he added.

One River Point, is internationally-acclaimed Rafael Viñoly’s first residential project in Miami. The Uruguayan architect and founding principal of Rafael Viñoly Architects has a diverse portfolio of award-winning projects spanning the globe, from museums and performing arts centers to hotel and residential complexes, throughout his 45 years of architectural practice, Rafael Viñoly is credited for his design originality in landmark projects and inspiring architecture. His achievements include New York’s 432 Park, The Cleveland Museum of Art, Tokyo International Forum and Battersea Power Station, which has effectively transformed riverfront living in the heart of London.

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Grammy Award-Winning Rapper Future Buys Allison Island Home For $16.3 Million On Miami Beach

Grammy award-winning rapper Future has purchased a $16.3 million home on the exclusive Allison Island in Miami Beach. The home is located at 6493 Allison Rd and was developed in 2020. Per public record, Dina Goldentayer with Douglas Elliman represented the sellers, Laurent and Pascale Ouazana, while Jordan Karp of Jordan Karp LLC. represented Future, whose real name Nayvadius DeMun Wilburn, in the transaction.

Grammy award-winning rapper Future has purchased a $16.3 million home on the exclusive Allison Island in Miami Beach. The home is located at 6493 Allison Rd and was developed in 2020. Per public record, Dina Goldentayer with Douglas Elliman represented the sellers, Laurent and Pascale Ouazana, while Jordan Karp of Jordan Karp LLC. represented Future, whose real name Nayvadius DeMun Wilburn, in the transaction.

The "Life is Good"' rapper's new pad is a 7 bed, 8.5 bath mansion located on the gated Allison Island. The 8,897-square-foot home is a modern marvel that features indoor/outdoor living and water views complete with a detached guest house and three car garage. The home also features luxurious finishes such as custom Ornare kitchen cabinetry, expansive dual closets featuring reflective glass and sleek bathroom finishes. Other features include a commanding master with a full wet bar, wine fridge and two custom walk-in closets spanning the length of the home with a private balcony. The backyard includes a pool, spa, summer kitchen and dining space, perfect for soaking up Miami’s gorgeous weather–and 75’ of water frontage offering plenty of space to park a yacht.

Images via Douglas Elliman

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STOCK Residences Reveals The Ritz-Carlton Residences, Naples

STOCK Residences has revealed The Ritz-Carlton Residences, Naples, an exclusive waterfront condominium, previously offered as One Naples, with direct access to beach, marina, and private park amenities. Comprising a collection of 128 beautifully appointed residences with water panoramas, the transformative, ultra-high-end project will be flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north.

STOCK Residences has revealed The Ritz-Carlton Residences, Naples, an exclusive waterfront condominium, previously offered as One Naples, with direct access to beach, marina, and private park amenities. Comprising a collection of 128 beautifully appointed residences with water panoramas, the transformative, ultra-high-end project will be flanked by Vanderbilt Beach and the Gulf of Mexico to the west and Vanderbilt Lagoon to the north, giving Owners unprecedented access to a myriad of waterfront amenities and services.

Uniquely forming an exclusive, six-acre coastal enclave, The Residences will feature a pair of 12-story boutique buildings known as the Tower Residences, which will overlook the Gulf and Lagoon; two mid-rise buildings called the Bay Residences, which will feature views of the Lagoon and an adjacent, 22-slip full-service marina; and a fifth mid-rise building called the Park Residences, which will be adjacent to a private, amenity-rich park.

With construction scheduled to begin in Q2 2023 and completion slated for Q2 2025, the design of The Residences involves a cadre of top visionaries: Curts Gaines Hall Jones (CGHJ) Architects, internationally renowned interior designer Cristian Pinedo of SUSURRUS, and landscape architectural firm Booth Design Group. Revered builder Suffolk Construction is the general contractor, while engineering will be spearheaded by J.R. Evans Engineering.

“This condominium project will truly redefine luxury waterfront living in Southwest Florida,” said Brian Stock, CEO of STOCK Development. “Buyers in the area cannot find this level of access to such an array of top-level amenities in a singular coastal setting. Here, everyday living will be punctuated by prime beach access with an inimitable connection to nature, a full-service marina, and a private park…complete with the attention to detail and legendary service of The Ritz-Carlton.”

The Naples market, long viewed as a top spot for luxury vacation homebuyers, has seen an unprecedented increase in demand over the course of the last five years and was ranked by U.S. News & World Report as Florida’s No. 1 place to live. This new offering has therefore been heavily anticipated for those well-heeled buyers seeking elevated living in the heart of one of the country’s most idyllic destinations.

“The Naples, Fla. market, with its unspoiled white sandy beaches and tranquil surroundings, has always been of great significance to our brand,” said Sarah Khalifa, VP, Mixed-Use Development, Marriott International. “We are committed to aligning ourselves with respected and reputable entities in the industry who are like-minded in their approach to each new endeavor -- devoted to tradition, excellence, ingenuity, and creating a legendary lifestyle. It was those natural synergies that led us to Stock Residences and the company’s vision for this project, which is poised to be a coastal haven.”

Prices for three, four, and five-bedroom residences start at $2.5 million. The exquisitely designed homes will feature expansive terraces -- each with glass railings and impact-resistant sliding glass doors -- as well as contemporary European-style kitchens and baths, Cambria quartz countertops, 10 to 12-foot ceilings, Wolf and Sub-Zero appliances, porcelain and wood floors, and private elevator entrances.

The Residences will be replete with an array of special amenities and services, such as an exclusive concierge, a marina at the gateway to the Gulf of Mexico with a dockmaster and gas service, and a lush, beautifully landscaped park with walking trails, a putting green, dog-walking area, and covered pavilions. The property will also boast The Vanderbilt Club -- a 28,000-square-foot club with a Grand Owner’s atrium and lobby lounge, private restaurant, business center and coffee lounge, state-of-the-art fitness center, and a full-service spa -- a kids’ room, a teen room with a Formula 1 simulator, and a club lounge with a golf simulator and private theater, among other top features.

The Residences will furthermore have 22,000 square feet of outdoor amenities, including a resort-style pool, lap pool, cabana suites, and fire pits. Additional Tower Residences amenities will include a sophisticated rooftop with private dining and a lounge, while the Bay Residences buildings will have a waterfront promenade to the marina, social terrace, and rooftop pool.

Adding to its distinctive draw and seemingly endless list of features and offerings, The Residences will be across the street from the existing Ritz-Carlton hotel in Naples and minutes from the fine dining and European-style shopping of Fifth Avenue South and Third Street. Other nearby hotspots include the Waterside Shops -- an open-air, upscale mall anchored by Saks Fifth Avenue – and a multitude of museums, fine art galleries, cultural institutions, and performing arts venues. The Residences are also across the street from Vanderbilt Beach, so homebuyers will enjoy prime beach access, yet remain comfortably removed from the flurry of activity.

STOCK Residences is the luxury condominium division of STOCK Development, a nationally recognized, award-winning Naples, Fla.-based developer. The collaboration between the STOCK Residences and The Ritz-Carlton is a nod to the developer’s longstanding reputation for industry excellence and deep-rooted community ties, as well as the project’s widely lauded Gulf Coast location and innovative designs.

The sales gallery is located at 2355 Vanderbilt Beach Rd., Suite 106.

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Residential, Aventura, Luxury Real Estate, Luxury Homes Demetri Demascus Residential, Aventura, Luxury Real Estate, Luxury Homes Demetri Demascus

Ramon Pacheco-Designed Island Estates Waterfront Home Trades For Record $8.65 Million

A home in Island Estates just closed for an Island Estates record $8.650 million at $1,800 ppsf. Per public record, the seller is Adam Gordon, CEO and owner of Fort Lauderdale Collection who purchased the home last October. He was represented by Chad Carroll with The Carroll Group at Compass, who has closed four of the last six deals in Island Estates.

A home in Island Estates just closed for an Island Estates record $8.650 million at $1,800 ppsf. Per public record, the seller is Adam Gordon, CEO and owner of Fort Lauderdale Collection who purchased the home last October. He was represented by Chad Carroll with The Carroll Group at Compass, who has closed four of the last six deals in Island Estates. The buyer was represented by Ryan Mendell with Maxwell E Realty Inc.

3911 Island Estates Drive is a 5 bedroom, 5.5 bathroom home in Aventura which was designed by Ramon Pacheco. The Modern day smart house spans 4,803 SF and features a dramatic foyer and massive arched glass windows and doors streaming with natural light, 1 powder room, along with an additional converted room, a double living room, sleek Ornare kitchen and closets, home office, and Samuel Heath fixtures. The lavish master suite features an expansive master bath with a $20,000 cast iron soaking tub overlooking the water. Outdoors features a pool, fire pit, relaxation dock, fully-equipped custom summer kitchen with two grills and bar.

Images via The Carroll Group

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MG Developer Reveals New Renderings of The Village at Coral Gables Ahead of Groundbreaking

MG Developer has revealed new renderings of the luxurious interiors of The Village at Coral Gables ahead of groundbreaking and on the heels of the grand opening of its state-of-the-art, on-site showroom. The Village at Coral Gables is one of the most highly anticipated enclaves to enter the Coral Gables prime property market, featuring 48 residences with 4 distinctive collections: Townhomes, Lofts, Villas, and Flats.

MG Developer has revealed new renderings of the luxurious interiors of The Village at Coral Gables ahead of groundbreaking and on the heels of the grand opening of its state-of-the-art, on-site showroom.

The Village at Coral Gables is one of the most highly anticipated enclaves to enter the Coral Gables prime property market, featuring 48 residences with 4 distinctive collections: Townhomes, Lofts, Villas, and Flats. The project’s curated interiors pay homage to the aesthetic beauty and lifestyle of Seville, Spain, and continue the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful”. Furnishings were selected from RH (Restoration Hardware), who have proven their design leadership in the luxury lifestyle market.

“The Village at Coral Gables’ striking design embodies the vibrant lifestyle that Coral Gables offers, a destination with a perfect blend of urban living and green space,” said Mayi de la Vega, Founder and CEO of ONE Sotheby’s International Realty, the exclusive sales and marketing partner for The Village at Coral Gables. “With an incredible variety of floorplans, the residences offer endless possibilities and the ultimate home for those seeking the best that the City Beautiful has to offer.”

The timeless architecture harmonizes with the natural light-filled homes, amenities, and common areas, all crafted by MG’s design team, the architect Maria De La Guardia, from De La Guardia Victoria Architects & Urbanists, and is inspired by Merrick’s seven villages. The Village at Coral Gables will be built in a Mediterranean Revival-Style architecture, bordered by gardens and surrounded by courtyards, and the glorious fountains, inspired by the Ibero-American Exposition in 1929 in the Plaza de España, Seville, which was a vibrant focal point within the neighborhood.

“Through the implementation of sophisticated materials and handmade elements in addition to a selection of art and design pieces, which MG Developer is known for at all its properties, The Village at Coral Gables will undoubtedly become a point of reference for top architecture and design in the Coral Gables area for generations to come,” added Maria de la Guardia, Founder of De La Guardia Victoria Architects & Urbanists.

Units vary in style and size, from the sophisticated flats of two bedrooms with a study room and a balcony to the charming four-bedroom townhomes that range from 1,750 square feet to 3,100 square feet. The classic yet modern village will also feature thoughtful recreational amenities including a Club House, Fitness Center, Business Center, and a Pool with a Pool House for residents to enjoy.

“As per developer’s design, The Village at Coral Gables will be set as the new standard for a modern luxurious lifestyle, in an efficient and sophisticated layout with ample space, which includes magnificent terraces and stunning balconies, outdoor social areas for a more ergonomic and functional environment that you’ll love spending time in,” said Jenny Ducret, COO, MG Developer. “The furniture will add splendor to the setting while complementing the building’s luxurious atmosphere and strong connection to the outdoors – both trademarks of The Village at Coral Gables.”

The verdant canopy streets that surround The Village at Coral Gables feel like the suburbs, but is really in walking distance to Downtown Coral Gables, and is in close proximity to South Florida’s most sought-after golf courses, The Biltmore Hotel, cultural attractions, as well as the best dining establishments. With everything The Village at Coral Gables has to offer, combined with the stunning design and lifestyle, it is positioned to sell out quickly.

Located at 535 Santander Avenue and set throughout 17 lots, The Village at Coral Gables site is bordered by Malaga Avenue, Santander Avenue, Segovia Street, and Hernando Street. Completion of the $50 million development is expected by 2024.

MG Developer, led by Alirio Torrealba, is one of South Florida’s most active residential developers having completed its newest project, Althea Row, which nearly sold out in less than 90 days. MG will soon wrap up its Biltmore Square community, as it completes Biltmore Row, the 10 exclusive townhomes featuring a total of 5,561 square feet each, with elaborate coralline-stoned entryways that trace back to the heritage of classical design elements found in Spanish colonial architecture.

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$15.5 Million Waterfront Spec Home Sale Sets Record On Normandy Isle

A waterfront spec home on Normandy Isles has sold for $15.5 million, setting a record for the priciest home sale ever in Normandy Isle. Located at 2608 Biarritz Dr, Miami Beach, the seller was represented by Nelson Gonzalez with BHHS EWM Realty, while the undisclosed buyer was represented by Andre Duek, Carolina Lara & Camila Paiva with ONE Sotheby's International Realty.

A waterfront spec home on Normandy Isles has sold for $15.5 million, setting a record for the priciest home sale ever in Normandy Isle. Located at 2608 Biarritz Dr, Miami Beach, the seller was represented by Nelson Gonzalez with BHHS EWM Realty, while the undisclosed buyer was represented by Andre Duek, Carolina Lara & Camila Paiva with ONE Sotheby's International Realty.

The new modern waterfront with a western exposure and views of Biscayne Bay sits on a 12,052 SF bayfront lot across Normandy Shores Golf Club. The home features 6 beds and 6.5 baths as well as soaring ceilings, gourmet kitchen, media room, elevator, ELAN smart control system, floating glass staircase, and a waterfront master suite with a private terrace, walk-in closet, and luxe bath. The Backyard is equipped with a covered patio for dining and lounging, pool, and a pier dock with a boat lift with 73’ of water frontage.

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