Late Property Patriarch Albert Reichmann's Pine Tree Drive Miami Beach Waterfront Estate Hits The Market For $29.9 Million

The personal Miami Beach waterfront estate of Albert Reichmann, the late billionaire property patriarch of the Reichmann real estate dynasty that built the World Financial Center in New York City, has hit the market for $29.9 million. The Reichmann family, an Orthodox Jewish family who fled Vienna in 1938 and founded Olympia & York Developments, became the largest private owner of commercial real estate in New York City for a period of time before financial issues and bankruptcy plagued the firm in 1992. They later founded O & Y Properties which they sold to Brookfield Properties in 2005.

Known as Casa Egosita, Reichmann’s 1.3 acre waterfront estate is located on Miami’s iconic Pine Tree Drive. With its sprawling and luscious grounds, this home offers a serene and tranquil oasis amidst the hustle and bustle of the city.

Casa Egosita features classic Spanish-style architecture with hints of Moroccan flair that enhance the seamless integration of indoor and outdoor living spaces throughout. Spanning six bedrooms, seven and half bathrooms on a vast 58,650 square foot lot, the one of a kind property showcases a magnificent exterior complemented by impressive interiors that feature luxurious finishes, high ceilings, and intricate details, which add to the overall elegance and sophistication of the home.

Designed with waterfront living in mind, strategically placed windows and doors allow for an infiltration of natural lighting to flood inside. The spacious outdoor areas are perfect for hosting with a pool and spacious grounds for entertaining. The property features 150 ft of water frontage and a 40 ft dock to park a yacht.

4521 Pine Tree Drive is listed for $29.9 million by Saddy Abaunza Delgado & Chava Feigen with ONE Sotheby’s International Realty.

Images via Jorge Chao / ONE Sotheby’s International Realty

EDITION Residences Fort Lauderdale Reveals First Look At Interiors Designed By Clodagh

Location Ventures has revealed a first look at the interiors for EDITION Residences Fort Lauderdale, designed by internationally recognized designer Clodagh. Inspired by its serene waterfront setting, the 11-story, two-tower marvel presents airy, refined residences that unite modern sophistication with understated elegance to deliver a new kind of highly intuitive luxury. Located along Fort Lauderdale Beach’s Intracoastal Waterway at 551 Bayshore Drive, the project broke ground last month and has begun converting reservations to contracts.

Cultivated interiors cast in a neutral palette and varied textures exude warmth and comfort. Featuring 65 spacious residences, floor plans offer two, three and four bedrooms and range in size from 1,710 to 4,660 square feet. There is also a limited collection of nine villas and four penthouses.

As each EDITION property is designed with its locale in mind, Fort Lauderdale Beach’s natural scenery and tranquil way of life inspired Clodagh’s designs for the interiors, which celebrate water and the changing sky. Incorporating elements of nature, custom wood millwork brings warmth and luxurious livability.

Gourmet kitchens designed by ITALKRAFT will blend quality Italian craftsmanship with functionality, offering quartz countertops, custom built-ins, vertical pantries and ample storage. Fluted oak wood at the base of the kitchen island adds visual intrigue and effortless style. Premium Sub-Zero and Wolf appliances, such as induction cooktops, steam ovens and wine coolers, will pepper the space, while outdoor entertaining is made easy with a summer kitchen equipped with an electric grill and beverage center. The master bathroom will be a personal oasis with luxurious fixtures and a modern freestanding tub. Upgrade options include access to a private enclosed two-car garage, private cabanas and more storage.

“There is overwhelming demand for hotel-branded residences because of the world class service and unrivaled lifestyle they provide, and EDITION embodies that,” said Rishi Kapoor, CEO of Location Ventures. “EDITION Residences Fort Lauderdale will exceed discerning buyers’ expectations and bring a level of design that will have a lasting impact on the city for years to come.”

Residences will feature floor-to-ceiling windows and sliding doors that open to expansive private terraces. Glass railings will provide unobstructed views of the Atlantic Ocean, Intracoastal Waterway or the vibrant Fort Lauderdale skyline. Exquisite interior finishes will shine light upon the finest materials imported from Europe, including solid wood doors, large format limestone flooring and custom cabinetry.

Equally distinguished is the property’s architecture, designed by renowned firm garciastromberg to emulate the rhythm of the city and the Intracoastal Waterway with dynamic glass facades.

EDITION Residences Fort Lauderdale will present an upscale, yet laid-back ambience through all facets. As part of the privilege of ownership, owners have access to EDITION's global locations as well as preferred perks in Marriott's luxury portfolio, which includes other flagships such as the Ritz Carlton, W Hotels and St. Regis.

With exclusive representation by Douglas Elliman Development Marketing, pricing for EDITION Residences Fort Lauderdale begins at $3 million.

For more information about EDITION Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

Check Out This Recently Completed Tropical Modern Townhome In Coconut Grove Asking $2 Million

The neighborhood of West Coconut Grove has seen a rush of new development transform the sleepy neighborhood into a tropical modern townhome oasis. The recently completed 3162 Plaza Street at Casa Azzura Coconut Grove is move-in ready and one of the only new construction townhomes ready to welcome its first residents, listed for $2 million with ALTARA Properties. The residence is both walking distance to Downtown Coconut Grove as well as close to both Douglas Station and Merrick Park.

3162 Plaza Street at Casa Azzura Coconut Grove is a tropical modern new construction luxury townhome designed by renowned Venezuelan-architect Mario Bocaranda inCoconut Grove. The 3 bedroom residence spans 2,500 SF complete with 3 en-suite bedrooms with walk-in closets and two half-baths. The oversized master suite features a luxurious master-bathroom and private baloney. Outside features a lushly landscaped outdoor oasis featuring a plunge pool, cabana bath and summer kitchen.

One of Miami’s most historic and beautiful neighborhoods, the lush bayside community of Coconut Grove is known for its tropical vibe full of banyan trees, palms and live oaks mingle along quiet residential streets, and peacocks roam wild. Hugging the shoreline of Biscayne Bay, Coconut Grove is an upscale, leafy neighborhood with relaxed sidewalk cafes and chic shops in and around the newly redeveloped CocoWalk mall.

3162 Plaza Street is move-in ready and is listed for $2 million with Demetri Demascus of ALTARA Properties. The MLS number is A11346263. For more information please visit www.azzuramiami.com or email d@altaraproperties.com.

For more information about Casa Azzura Coconut Grove, private showings or purchasing/ leasing information please fill out the form below:

PROFILE Exclusive: Step Onto Todd Michael Glaser's 10 Tarpon Island, Palm Beach's Only Private Island Asking $218 Million

Palm Beach’s infamous 10 Tarpon Isle, the only opportunity to live on your own private island in Palm Beach, has been completed and is on the market for $218 million. The once in a lifetime legacy estate was developed by South Florida’s leading ultra-luxury spec home developer Todd Michael Glaser and is listed with Christian Angle of Christian Angle Real Estate and Chris Leavitt of Douglas Elliman. The one-of-a-kind Private Island with 360 degrees of water views and privacy.

The original 1930’s estate was completely redeveloped and now spans 28,618 total square feet of living space situated on the 2.2+ acre private island. 10 Tarpon Isle features 11 bedrooms and, 15 full bathrooms bathrooms and 7 powder rooms with a 5 car garage and guest house.

10 Tarpon Isle features the ultimate in luxury including a newly reimagined indoor spa features a massage room, hair salon, steam room, and sauna. There is also a beautiful library with a bar, wine refrigerator and humidor cigar display; a wine room; and an Entertainment Room with fireplace, wine refrigerator, billiards table, and movie lounge. The home fitness club quality gym features a weight room, cardio room, wet bar and fireplace.

Outdoors the estate’s extensive ground feature lush landscaping and resort style amenities with 360 degree water views. 10 Tarpon Isle features rare lighted clay tennis court with a viewing pavilion, an east facing pool, a loggia with full outdoor kitchen and fireplace as well the main 98' south facing pool with spa with pool bar and cold plunge. The island also features two separate boat docks to accommodate an array of vessels and sea toys.

Images via Todd Michael Glaser, Chris Angle Real Estate and Douglas Elliman

New York-Based Developer The Horizon Group Launches Sales For 9900 West Condominium On The Bay Harbor Islands

The Horizon Group has launched 9900 West Condominium, a luxury 23 residence waterside condominium development in Miami’s sought-after Bay Harbor Islands. 9900 West Condominium represents the first project in South Florida for Horizon Group, a longtime New York City residential and commercial real estate development firm. 9900 West Condominium is located at 9900 West Bay Harbor Drive, Bay Harbor Islands, FL 33154.

Sales for 9900 West Condominium launched March 13, with Douglas Elliman Development Marketing as the exclusive sales & marketing team. Construction is estimated to begin in Q4 of 2023, and slated for completion in Q4 of 2024. Pricing per residence will range from $1.1 million – $5.5 million.

This boutique development offers a limited collection of luxury waterside residences, with available private boat slips. Offering waterfront access with no fixed bridges to Biscayne Bay and the Atlantic Ocean, 9900 West Condominium beckons with the quintessential Bay Harbor Islands lifestyle.

With architecture by Miami Beach’s award-winning Frankel Benayoun Architects and interior design by Craft-Studio, 9900 West Condominium offers two-bedroom, two-bathroom; three-bedroom plus den, two-bathroom and one powder room; and four-bedroom plus den, four-bathroom and one powder room residences, ranging in size from 1,202–3,206 square feet.

All residences, fully finished and ready to move in, feature 9-foot ceilings and floor-to-ceiling sliding glass doors and windows, allowing natural light to pour in. Bedrooms offer generously sized double-closet space, including a walk-in closet. Each residence includes a Miele washer and dryer. Lushly landscaped courtyards are accessible from select residences. Additional features include a den or home office, additional full bathroom or powder room and additional private storage spaces.

Two-tone European design kitchens feature white lacquered wood and light oak wood cabinetry, and Calacatta marble stone countertops. Water features are by Gessi and Kohler, and appliances will be by Miele.

Situated on more than 5,000 square feet of beautiful tropical landscaping by Coral Gables-based Geomantic with open green spaces throughout, 9900 West Condominium features exquisite amenities. These include a more than 9,000-square-foot lushly landscaped rooftop with a Finnish overflow saltwater pool, heated soaking spa, expansive sun terrace, lounging areas, trellis-covered lounge area overlooking the water, summer kitchen, and breathtaking sunset views.

Additional offerings include a bayside terrace, party room with water-facing balcony and entertainer's kitchen, fitness center, dog spa, and porte cochere arrival with waterfall detail. 9900 West Condominium is also pet-friendly.

Ten private boat slips, accommodating up to 30-foot vessels, are available for exclusive owner purchase. The dockside pickup and drop-off area makes boating easy and convenient.

Epitomizing elegant outdoor South Florida living, 9900 West Condominium will also offer paddleboard and kayak board storage, bicycle storage, package storage, valet parking and available garage parking spaces, a front desk receptionist, EV charging stations, high-speed elevators, and more.

Founded in 1947 by lawyer, banker and philanthropist Shepard Broad, the two-island Bay Harbor Islands is a peaceful and picturesque community, now experiencing a renaissance as numerous luxury developments have been announced in past months. In close proximity to Bal Harbour Island, home of the exclusive Bal Harbour Shops; Surfside, Sunny Isles and Miami Beach, 9900 West Condominium offers access to the best South Florida has to offer.

“We are pleased and excited to bring the success that we have experienced with our 30 New York City commercial and residential real estate projects to South Florida with 9900 West Condominium,” said David Marom, owner of The Horizon Group. “A unique, boutique luxury project, 9900 West Condominium is ideal for the luxury buyer who seeks elegant waterside living in Miami’s beautiful Bay Harbor Islands.”

“9900 West Condominium is a gem in Bay Harbor Islands, with an incredible waterside location with waterfront access to Biscayne Bay and the ocean, luxurious appointments and amenities, and much more,” said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “We expect this limited collection development will experience exceptional sales.”

The 9900 West Condominium sales gallery is located at 1111 Kane Concourse, 3rd Floor, Bay Harbor Islands, FL 33154. For more information about 9900 West Condominium, call 305.424.9900.

Renderings via Craftcg.com

Check Out This Tropical Modern Choeff Levy Fischman-Designed Waterfront On The Bay Harbor Islands Asking $22.5 Million

The Bay Harbor Islands have been one of the hottest neighborhoods in Miami and this tropical modern masterpiece asking $22.5 million evokes the essence of Miami Beach sophistication. Developed by Gamma Construction, the magnificent 2-story home, which features architecture by Choeff Levy Fischman and interiors by Caterina Badiello of CBDesign, offers open water and Indian Creek golf course views and tropical tranquility. One of the few new construction homes of its kind on the South Florida market, the total 9,000-square-foot estate is listed for $22.5 million by Jill Hertzberg, Jill Eber and Danny Hertzberg of The Jills Zeder Group, affiliated with Coldwell Banker Realty.

The estate features six bedrooms with fully-equipped walk-in closets, eight bathrooms, and two half-bathrooms. With 8,548 square feet of interior living space, it boasts unique open water views of Biscayne Bay and Indian Creek Lake, as well as stunning panoramas of Indian Creek golf course.

With an exclusive address on Bay Harbor Islands, this breathtaking estate features 80 feet of waterfront and a private 500-square-foot wood finish dock. It’s only five minutes to open ocean, via direct access with no bridges. Additionally, the outdoor heated infinity edge pool and spa are perfect for enjoying the upscale South Florida lifestyle.

Featuring modern yet functional design, the fully furnished home was built with the highest standards in construction, and offers exceptional craftsmanship, equipment, and interior design. With 10-foot floor-to-ceiling internal heights on both floors, it features full impact floor-to-ceiling windows and doors, and 10-foot frameless and hingeless wood doors.

All walls are “floating” with black aluminum and exotic finishes, revealing no baseboards, and include all mudded-in fixtures. Flooring is comprised of natural herringbone wood and marble/porcelain. Finished in natural wood, the floating concrete embedded metal main staircase features glass handrails between wood cladding walls.

Ideal for entertaining, the estate features two full high-end kitchens, professionally equipped with Sub-Zero and Wolf gas and electric appliances. In addition, a morning/breakfast pantry is situated on the second floor. Other features include two family rooms, formal dining area, elevator, wine room, gym, and two full laundries. It includes a 2-car garage, home automation with Lutron lighting, shades/curtains, all-around audio by Sonos, security alarm, phone/intercom, full Internet repeaters, and CCTV systems.

An all-concrete bunker structure, the home’s main slab finished floor is approximately 10 feet over mean sea level, and the elevated 4-foot-plus sea wall and lot is surrounded by structural 5-foot retention walls.

Images via 1Oak Studios

'Origin Residences by Artefacto' Launches Sales In Bay Harbor Islands

Origin Residences by Artefacto has launched sales on the Bay Harbor Islands, marking the first real estate venture for Artefacto in the United States. The development is a collaboration between Chile-based VDA | Origin Miami, a leading development company in Chile led by Mauricio Moya and Sergio Guzmán, and internationally acclaimed home furnishings brand Artefacto, led by Paulo Bacchi. Origin Residences by Artefacto will bring 27 custom finished and furnished condominiums to Miami’s coveted Bay Harbor Islands.

The luxury boutique building in Miami’s premier Bay Harbor Islands will feature an exclusive collection of two-to-four-bedroom residences, ranging from 1,300 square feet to 2,330 square feet, with prices starting at $1.390 million and exclusive representation by Cervera Real Estate.

Origin Residences by Artefacto features architecture by Revuelta Architecture International, known for its quality designs balanced with sustainable solutions. Each of the 27 condo owners will meet with Artefacto’s design team to create their home, including a private consultation and selection of finishes and furnishings. Once construction has commenced the residences are estimated to be completed in 18 months.

“It’s an incredible honor for Artefacto to deliver custom condominiums for each of Origin owners to reflect their personal style and preferences,” said Paulo Bacchi, CEO of Artefacto. “There is no better time to raise expectations and expand the brand's influence on Miami with this truly personal approach.”

Artefacto selected long-time collaborator Carla Guilhem and her Miami-based design studio for the project. Guilhem has worked on some of Miami’s most coveted homes, as well as the world's most luxurious superyachts. Intentionally designed to showcase Bay Harbor’s spectacular waterfront views, Origin Residences by Artefacto is set to offer a private marina hosting boat slips and direct access to the Atlantic Ocean and the Miami and Fort Lauderdale Intracoastal waterways.

The development will feature top-of-the-line amenities, including a panoramic rooftop pool with summer kitchens and bar, a lobby lounge, a kid's playroom, a coworking meeting space, a gym with state-of-the-art equipment, a 24/7 attended lobby, a pet zone, and more. Additionally, each unit will feature an expansive floor layout with floor-to-ceiling, impact-resistant sliding glass doors and windows, panoramic private balconies with glass railings and panels, fully-accessorized Italian-style kitchens with cutting-edge kitchen appliances, modern bathrooms with Italian marble and European cabinetry, Italian porcelain flooring throughout each home, additional storage space and residential parking.

“We are confident that Origin Residences by Artefacto will appeal to both new-to-market and local buyers looking for exclusive waterfront living in Bay Harbor Islands,” said Jesse D. Ottley, President of Development Sales Division of Cervera Real Estate. “A best-in-class residential destination ideal for those seeking a serene and balanced lifestyle, Bay Harbor Islands is the perfect location for Origin Residences by Artefacto to host the elevated and sophisticated way of living that buyers are looking for. We look forward to delivering this luxury waterfront development and its amenity-rich offerings to this exclusive community. ”

Artefacto is internationally recognized as South Florida’s go-to for captivating multi-million-dollar condos in the most iconic architectural towers, as well as custom estates from Miami to Palm Beach. Brand loyalists span South Florida’s top brokers and developers, to interior designers and architects, to celebrities and socialites, who rely on Artefacto for turn-key interiors that elevate and define South Florida living. A signature Artefacto home features layered organic textures and furnishings, surrounded by warm contemporary luxuries. Rooms are styled around a single statement piece, while embracing a full monochrome aesthetic, rich in neutral tones.

Artefacto CEO Paulo Bacchi started working at Artefacto at 18 when he joined the company founded by his father, Albino, in São Paulo in 1976. He tripled Artefacto’s business in the ‘90s and took over the company a decade later, expanding his company to the US in 2002. Today, Paulo works closely with his twin sons, Bruno and Pietro, who started working at the age of 14, learning from their father’s example. His sons now work closely with him on all areas of the business, including operation of the expansive local distribution center and vast inventory, to create singular turn-key lifestyles in South Florida’s most coveted neighborhoods.

For more information about Origin Residences by Artefacto, private showings or purchasing/ leasing information please fill out the form below:

Fortune International Group Launches Sales of 'ORA by Casa Tua' Short-Term Rental Residences In Brickell

ORA by Casa Tua, Brickell’s newest collection of short-term rental residences located at 1210 Brickell, has launched sales. The 76-story, mixed-use development, which is being developed by Edgardo Defortuna’s Fortune International Group, will feature 540 residences which will be among Miami’s most sought-after short-term rental residences.

“ORA by Casa Tua strives to introduce a new way of living in the vibrant heart of the Brickell neighborhood,” said Mr. Defortuna, President and CEO of Fortune International Group. “Casa Tua and Fortune International Group share a vision to deliver the city’s most exciting amenity by combining ORA’s impeccably curated residences, with world-class amenities and soulful cuisine to create a new residential experience in the already thriving Miami market.”

Upon completion, ORA will be home to approximately 25,000 square feet of space dedicated to Casa Tua’s four new restaurant concepts including:

• Terra: a first of its’ kind 24-hour market and bakery that is the perfect meet up spot with an upbeat environment

• Uva: A dream enoteca with a collection of hundreds of sommelier-selected labels from across the world and exquisite Mediterranean cuisine perfect for pairings

• Fuoco: An intimate dining experience celebrating the art of simple, timeless cooking

• Vento: A rooftop bar and lounge complemented by a pool that overlooks Brickell, Biscayne Bay and Coconut Grove

"Ora is now. We made a clear decision to make Ora a place that addresses the needs of our evolving world. A soulful place that looks to the past to bring solutions for the future, said Miky Grendene, Founder of Casa Tua. “Ora will offer you more of what we really need - more time, more human connection, more passion, more fun. We envision Ora to be a new kind of residential experience, a true vertical community where people rediscover their relationship with themselves, with others and the natural world.”

In addition to the culinary offerings at ORA, the development will also have creative workspaces featuring private office spaces, conference rooms, content creation rooms, bar lounge and outdoor seating. ORA will also boast resort-style offerings including a second pool on the 12th floor with a sun shelf, loungers, cabanas and jacuzzi; show kitchen, private event space and luscious green landscaping. Other amenities will include an entertainment lounge, a two-floor fitness and wellness center with a hammam and couples treatment rooms and a three-story open sky garden, which will be unique for Miami.

Globally recognized award-winning architecture firm Arquitectonica is behind the design of ORA. The firm drew inspiration from today’s ever-evolving society to create multiple levels at ORA that are outdoors and connect to nature and the environment, with the emphasis to enjoy and experience the city of Miami from a different perspective than one normally would.

m2atelier, known for their bespoke approach and created by Marco Bonelli and Marijana Radovic, are designing the interiors for both the amenity and residential spaces.

With sales and marketing being handled internally by Fortune International Group – residences at ORA will start at $800,000 and range from 500-square-foot, studio homes to 2,400-square-foot, four-bedroom fully furnished residences that will be ready for immediate listing as short-term, seasonal, or long-term rentals.

All residences will offer panoramic views overlooking Brickell, Biscayne Bay and Coconut Grove; have ten-foot ceilings with floor-to-ceiling windows and curated window treatments; Italian-designed kitchens with top-tier appliances; Italian-designed baths with imported fixtures; smart home technology; pre-wired for high-speed internet & Wi-Fi; spacious walk-in closets; and washer and dryers.

Fortune International Group is a real estate leader in developing, funding, construction management sales and marketing and led by the visionary founder, Edgardo Defortuna. They are currently developing St. Regis Residences, Sunny Isles Beach; The Ritz-Carlton Residences, Pompano Beach and Nexo Residences in North Miami Beach, amongst others. They recently developed the iconic Jade Signature, designed by Herzog & de Mueron, as well as The Ritz Carlton Residences, Sunny Isles Beach.

Casa Tua was founded by Miky and Leticia Grendene, who opened their flagship Miami Beach location in 2001 as a welcoming place for friends, family, and guests from around the world to come together to celebrate life. Pioneering the members club concept in Miami, Casa Tua combines art, entertainment and fine dining with a signature Italian style where simplicity meets sophistication. It has since expanded to locations in Aspen and Paris, with New York City opening in 2023. The brand also launched Casa Tua Cucina in partnership with Richard Baker and Saks Fifth Avenue, an award winning Italian open kitchen concept, located in Miami’s Brickell City Centre. A second extension of the Cucina brand will open in Wynwood in partnership with Related Group.

Originally known as the financial hub of Miami, Brickell has become one of the most popular neighborhoods in the city, and according to Forbes back in 2019, an area people want to live in. Modern and high-rise buildings dominate the skyline by Biscayne Bay, and it’s just south of Downtown Miami, connected by the Brickell Avenue Bridge that crosses over the Miami River. Brickell offers world-class hotels and some of Miami’s best shopping, dining and nightlife scenes, including Brickell City Centre, where Casa Tua Cucina is located, Hotel AKA Brickell, EAST Miami, SLS Brickell Miami, KOMODO, Fi’lia and more. ORA by Casa Tua’s goal is to become a destination itself for Brickell, and is ideally located on the best corner of the neighborhood on S Miami Ave, 13th and Brickell Ave.

For more information about Ora by Casa Tua, private showings or purchasing/ leasing information please fill out the form below:

Terra Locks Down $43.5 Million Refinancing For 'Residences In The Grove' Coconut Grove Condo

Terra, in partnership with AB Asset Management, has secured a $43.2 million refinancing loan for Residences in the Grove, a 148-unit luxury condominium located at 2835 Tigertail Avenue in the heart of Miami’s Coconut Grove neighborhood. The financing, provided by City National Bank of Florida and KS Finance Corporation, will fund preliminary demolition and site-work in preparation for the project’s groundbreaking. Construction of Residences in the Grove is estimated to get underway later this year, with completion slated for 2025.

Designed by Arquitectonica, the five-story development will boast a beautiful design centered around a coral rock façade and sustainable features that will blend in seamlessly with Coconut Grove’s existing landscape and tree canopy. The project will also include approximately 22,000 square feet of wellness focused street-level retail space.

“Our ability to secure favorable financing for Residences in the Grove speaks to the growing demand for residential product in the thriving Coconut Grove district, which is home to walkable streets, top-tier schools, and some of Miami’s most exciting retail and dining destinations,” said David Martin, CEO of Terra. “Terra has been on the front lines in reinvigorating Coconut Grove dating back nearly a decade and we’re excited about continuing that tradition with this new development.”

“Coconut Grove is experiencing a surge of demand as people and businesses continue to move to South Florida. Terra was one of the first developers to recognize Coconut Grove’s potential as a mixed-use destination, and the firm has delivered several residential and commercial projects that are bringing the district to life,” said Gary Fitzgerald, Executive Vice President, Real Estate Banking Executive at City National Bank of Florida. “When you consider the neighborhood’s appeal, the strength of Miami’s residential market, the quality of this location, and Terra’s track record, the decision to finance this transaction made perfect sense.”

Terra’s portfolio of residential and commercial developments throughout Coconut Grove include the Bjarke Ingels-designed twisting towers of Grove at Grand Bay; the Rem Koolhas/OMA-designed Park Grove condominium towers; and the Touzet Studio-designed Mary Street class A office building. Terra is currently developing the two-tower Mr. C Residences luxury condominium, and Grove Central, a mixed use transit-oriented retail and residential development, both of which are slated for completion later this year.

Shoma Group Reveals Elevated, New Look Renderings Of Shoma Bay In North Bay Village

Miami-based developer Shoma Group has unveiled a fresh new look to Shoma Bay, a 24-story, 333-unit condominium located in the exclusive waterfront community of North Bay Village. The new tower design seamlessly melds a classic art-deco aesthetic with a modern facade while adding community-minded amenities such as a zen garden, grocery delivery room, wine cellar, cigar lounge, and other dynamic features. With prices starting in the $450,000’s, Shoma Bay is built with a holistic approach to living and caters to those looking to integrate the live, work, wellness, and play lifestyle.

"Every detail and space has been maximized to bring owners a heightened level of comfort and practicality," said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. "We carefully curated this project to deliver a vibrant yet sophisticated experience in one of the world's most exciting cities."

The 2.8-acre mixed-use development will offer furnished studios to three-bedroom units, ranging from 344-square-foot to 2,700-square-foot, with each floor plan designed to maximize efficiency and comfort. The project will be anchored by a 35,037-square-foot Publix and 6,325 square feet of retail space, which includes a rooftop lounge and Shoma Bazaar food hall.

"With stunning views, convivial spaces to work or play, and exciting happenings from day to night, Shoma Bay is poised to become a cultural epicenter for its residents and locals," stated Stephanie Shojaee, President of Shoma Group. "We wanted to create a unique yet thoughtful concept, fusing together the local landscape with the quality our company is known for. We teamed up with incredible partners to bring the overall design, and we're looking forward to becoming one of the most sought-after destinations in Miami."

Renowned designer Adriana Hoyos created practical interiors, including all common areas and residences, with sleek design finishes and warm organic tones, allowing each residence to be flooded with natural light.

Ideally situated at 79th Street Causeway and East Treasure Drive, the pedestrian-friendly destination is located near all major highways and the hottest restaurants and retail South Florida offers. ISG World, led by principal and owner Craig Studnicky, is the exclusive brokerage for the property's condos.

Intending to provide residents with an exceptional living experience, Shoma Bay also features several upscale amenities, including a resident lounge and bar, spa, Hammam, golf simulators, fitness center with Technogym equipment, pet spa, and kids club, as well as a 6,030-square-foot pool deck with panoramic water views overlooking Biscayne Bay with a pool, cabanas, and summer kitchen. Additional elements include a library, a 2,600-square-foot coworking business lounge, a lounge with a coffee bar and areas for gaming and movie watching, assigned gated parking, electric vehicle charging stations, a designated bike room, and storage spaces.

Shoma Bay is designed by MSA Architects and is located at 1850 John F. Kennedy Causeway in North Bay Village. It is slated to break ground in the summer of 2023 and is expected to take 18 months to complete.