Joe Jonas And Sophie Turner Sell Bay Point Waterfront For $15 Million

Singer Joe Jonas and his wife, “Game of Thrones” actress Sophie Turner just sold their home in Miami’s exclusive Bay Point neighborhood for $15 million. The celebrity couple hired interior designer Sarah Ivory to redesign the home after purchasing it in 2021 for $11 million. Per public record, the buyer was represented by David Pullman of ONE Sotheby’s International Realty, while the Jonas and Turner were represented by Carl Gambino with Compass.

"The home has an incredible Cali meets Bali vibe. Frank Lloyd Wright inspired, but with a tropical twist," said David Pullman of ONE Sotheby's International Realty. "It was really important to my client to have something unique and expressive. Miami being such a vibrant city it was a perfect fit."

Located in the ultra-exclusive guard-gated community of Bay Point, the Frank Lloyd Wright-inspired waterfront architectural masterpiece was originally built in the 1980s and spans 10,414 square feet on a 15,599 square foot lot. The 6 bedroom, 9 bath residence features 30 foot high ceilings, walls of stone and a tropical entry lobby with floating staircase

Outdoors features a 94-foot private dock with direct access to the bay and ocean, chef's kitchen, discrete staff entrance, state-of-the-art spa, billiard room, outdoor kitchen, dual-sided full service bar for indoor/outdoor serving, pool and jacuzzi as well as a separate children's pool.

Images via Michael Stavaridis & Alex Tarajano

Music Mogul Rick Ross Closes On 37 Star Island For $35 Million

Music mogul and rap superstar Rick Ross has officially closed on 37 Star Island Drive for $35 million. Ross says the purchase was "a major piece to the puzzle" in building his already robust real estate portfolio. 37 Star Island Drive is a 12,374 square foot, 6 bedroom home situated on a manicured 40,000-square foot lot with 100-feet of waterfront on Miami Beach’s exclusive and ritzy Star Island.

Jill Eber, Jill Hertzberg, Felise Eber, and Fabio Lopes of The Jills Zeder Group represented the seller, Yale R. Brown, the president of IMS Ventures and the managing partner of Columbus Ventures. Kimberly Knausz with ONE Sotheby's International Realty and Ross’ sister Tawanda Roberts, a real estate agent with Florida Realty of Miami, represented the buyer, Rick Ross, a rapper and record executive.

“He instantly fell in love with the grand entry, it has a very long driveway stretching towards the mansion that creates an air of real luxury. The architecture also played a part as it’s far beyond the ordinary modern home and he plans to enhance it to reflect his personal style,” said Knausz.

The gated Star Island has long been one of the most desirable neighborhoods in Miami, just across the MacArthur Causeway from the entrance to Fisher Island and Miami Beach’s South of Fifth neighborhood. Star Island is a man-made island in the middle of Biscayne Bay and located in the city of Miami Beach. The island was built by the Army Corps of Engineers in 1922 as part of a dredging project and was developed by Carl Fisher into an island for the rich and famous. The island is now home to celebrities and billionaires such as Gloria and Emilio Estefan, Philip Frost, Sean ‘Diddy’ Combs, Alex Rodriguez, Stuart Miller and Vladislav Doronin.

In March 2023 PROFILEmiami reported that Star Island had emerged as the leader among the most expensive neighborhoods in the United States, leading Port Royal in Naples, FL and Beverly Hill’s Beverly Hills Gateway and Trousdale Estates, according to sales data from Zillow Group Inc. The average home sale on the ritzy island in 2022 traded for $40.2 million, up $16.7 million and 71% from 2019 when the average home sale on the island was $23.5 million.

Over the past several years hedge fund heavyweight Ken Griffin, founder Citadel, has purchased an assemblage of five properties on the island for a combined $170 million. In 2018 Lennar Executive Chairman Stuart Miller acquired Thomas Kramer's former 4 and 5 Star Island Drive for $33 million and also developed an ultra-luxury spec home at 22 Star Island with Todd Michael Glaser which was designed by DOMO Design and sold for $49.5 million in an off-market deal overseen by David Solomon and David Miller in 2020.

37 Star Island Drive features a 12,374 square foot residence is situated on a manicured 40,000 square foot lot, featuring 100 feet of water frontage facing Biscayne Bay and offers direct bay and ocean access. The home spans six bedrooms plus an office space, eight full bathrooms and one-half bathroom. Elegant design and linear architectural details are featured throughout the home, plus custom millwork and use of rich woods, octagon-shaped ceiling accents with custom lighting, and oversized “Plaza Deck” terraces.

This impressive entry foyer greets with soaring 30-foot ceilings with a rotunda ceiling accent, while surrounding glass walls encase the foyer appearing to bring the outside water feature into the home. A custom hand-crafted winding mahogany-travertine staircase leads to a second-floor landing and seating area that overlooks the living room below and provides direct views to the pool and bay.

The oversized formal living room also features 30-foot ceilings, floor-to-ceiling windows streaming natural light, a custom-built fireplace with mahogany and burled wood accents, and direct access to a covered terrace with views to the pool and bay.

The chef’s kitchen offers granite countertops, a cooking and prep center island, top-of-the-line appliances and a large food pantry. A large butler’s pantry, a separate breakfast room and a spacious private dining room are adjacent to the kitchen.

Also on the first floor is an expansive entertainment/media room, an office den with rich mahogany paneled walls and beautiful custom detailed millwork, staff quarters with full bathroom, and full laundry room. There is three-phase power and a back stairwell/elevator shaft provisioned to add an interior elevator.

The spacious, first-floor principal suite features floor-to-ceiling windows with direct bay views and access to the pool deck, remote controlled black out/hurricane shutters, midnight wet bar, and spacious dual walk-in closets with custom built-ins. The gentlemen’s bathroom features travertine marble floors, a mahogany wood vanity and a large shared walk-in rain shower with steam that can be accessed from either side; the ladies’ bathroom boasts large slab marble floors, a bird’s eye maple vanity and mirror with inset lighting, mirrored ceiling and a Jacuzzi sunken spa tub.

On the second floor are four spacious guest suites, each featuring a full en-suite bathroom, high ceilings, walk-in closets and oversized “Plaza Deck” terraces. Two are east-facing and overlook the pool deck with direct views to the bay and South Beach; two are west-facing and overlook the front of the home and Downtown Miami.

Outdoor highlights include a large, covered terrace with al fresco dining tables leading to the pool; large heated pool featuring an automated pool cleaning system; covered summer kitchen/bar with TV, sink, BBQ; fountain, and Jacuzzi, surrounded by lush palms, tropical flowers, plants, and a Japanese Zen garden. A full cabana bathroom is located next to the pool. A private 40-foot dock with an electric and water pedestal can accommodate a large vessel.

Images via The Jills Zeder Group /1 Oak Studios

ALINA Residences Boca Raton Reveals New Luxe Residences And Wellness Amenities

El-Ad National Properties, an Elad Group company, has revealed new luxurious pre-construction residences and wellness amenities at ALINA Residences Boca Raton, an award-winning, world-class residential destination in the heart of downtown Boca Raton. New residences include a premier corner residence with a private rooftop as well as a luxurious ground-floor villa overlooking the golf course, while new amenities include a golf/ sports simulator. ALINA Residences encompasses three buildings: ALINA 200, completed in March 2021; and ALINA 210 and 220, scheduled for delivery in late 2024. The final phase of the Alina Residences development topped off in May 2023 at over 60% sold.

ALINA 220 Residence 703, a recently revealed premier corner residence, is listed for $8.927 million. This residence, part of the exceptional ALINA 220 Collection, features 5,288 square feet of indoor living space, this elegant residence offers four bedrooms plus a den, four bathrooms and one half-bathroom. The principal suite includes a morning bar, and separate sitting room with sweeping views. With elegant organic craftsmanship throughout, the spa-inspired principal bathroom features his and her rain showers and soaking tub. Additional upscale features include a private elevator entry foyer, grand chef-inspired kitchen outfitted with Italian cabinetry and brushed stainless appliances made by Gaggenau, enhanced storage, and more.

Ideal for South Florida outdoor living, the residence also features 4,295 square feet of outdoor space, with an eastern-facing terrace providing ocean views and unique views of The Boca Raton’s championship-level golf course. The terrace also beckons with a private plunge pool framed by a stunning wooden pergola and built-in summer kitchen.

Situated on the same floor as ALINA 220’s beautiful 75-foot rooftop lap pool and two-story fitness center and spa, these exceptional amenities become an extension of the residence. The residence offers access to additional exclusive amenities at ALINA 220, including the expansive residents lounge and access to over 60,000 square feet of open amenity space including cabanas, day beds, gas grills, fire pits, bocce ball court and more.

Also recently revealed is ALINA 220 Villa 103, a premier east-facing Golf Villa residence, for $6.16 million. Also part of the ALINA 220 Collection, the residence full southeast views of the iconic The Boca Raton golf course, the one-story golf villa offers 3,805 square feet of interior space and 3,607 square feet of stunning outdoor space, evoking the feel of a single-family home. Owners of this magnificent residence will enjoy the best of South Florida outdoor living with a private plunge pool, summer kitchen with grill, and expansive covered lanai. This golf villa features three bedrooms, three bathrooms, and one half-bathroom, in a split-bedroom floorplan.

Interior features include a European-designed kitchen ideal for entertaining with island and upscale Gaggenau appliances. The Spa-inspired primary bathroom features his and her rain showers and soaking tub, with elegant organic craftsmanship throughout.

Villa 103 is the perfect residence for those with pets who prefer living on the ground floor within walking distance to downtown Boca Raton’s restaurants, art galleries, salons, and boutiques, as well as a few minutes away from the neighborhood’s iconic beaches and pristine parks.

ALINA Residences Boca Raton has also revealed addition of a professional-level golf and sports simulator to the list of many wellness amenities at ALINA Residences. The golf and sports simulator complements ALINA Residences’ many recreational and wellness amenities, including a personalized spa thermal circuit, two rooftop lap pools, state-of-the-art fitness centers, bocce ball court, his and hers spa facilities, outdoor yoga spaces, and more than three acres of private outdoor amenity space.

The golf and sports simulator, situated in a studio with several glass walls within the two-story fitness center at ALINA 220, will be available to all ALINA residents. The PGA Tour-licensed simulator, presented by Full Swing, will provide residents with the ability to tune up their game and “practice” on some of the most iconic courses in the world, including TPC Sawgrass and Pebble Beach. Full Swing has been in business for over 30 years and is trusted by the best in the game. Features will include new courses, captured in flawless detail with the highest quality graphics, every month; accuracy and speed of infrared tracking technology with blue light LEDs, to help produce the fastest and most accurate indoor ball-tracking technology in sports. The experience begins with real measurements of golf club and ball data at impact from an overhead ION3 camera, as it records HD video of the clubhead through impact for post-swing analysis with 13 points of data; and, over 13 sports experiences, non-golf enthusiasts can enjoy other simulated sports including Basketball Shootout, Football QB Challenge, Baseball Home Run Derby, hockey, lacrosse, soccer and more.

All ALINA residents will also have the ability create their own personalized thermal circuit at ALINA 220, moving through the beginning experience shower, to the sauna, then on to the cool down phase, steam room, and final shower, at their own pace and pleasure.

The ALINA 220 spa includes multi-function sauna modes with multiple sauna choices that customize the temperature and humidity levels; as well as the new Cold Mist, Caribbean Rain and Atlantic Ocean shower programs, each varying in length, water temperature, ambient lights and sound. The spa will feature periodic bursts of aroma in the steam room experience, as well as shared co-ed relaxation spaces.

“At ALINA Residences, we are focused on offering a selection of high-end wellness amenities for our residents to enjoy, and stay active and engaged,” said Noam Ziv, CEO of El-Ad National Properties. “By complementing our current amenities with the new golf and sports simulator, we are pleased to bring recreation and relaxation options to appeal to various interests.”

ALINA Residences is located at 200 SE Mizner Boulevard, Boca Raton, FL 33432. Tucked between the manicured green fairways of The Boca Raton and Southeast Mizner Boulevard, ALINA Residences is within walking distance to downtown Boca Raton’s restaurants, art galleries, salons, and boutiques; as well just a few minutes from the city’s iconic beaches and pristine parks.

With more than three decades of high-end development experience in New York City, Los Angeles and Toronto, Elad Group entered the South Florida market several years ago through El-Ad National Properties. ALINA Residences Boca Raton is El-Ad National Properties first new development from the ground up in South Florida.

Renderings and images via ALINA Residences Boca Raton

Fitness Mogul Anne Mahlum Under Contract For Pinecrest Spec Home Asking $13.5 Million

Fitness mogul, entrepreneur and philanthropist Anne Mahlum and high-performance coach Brett Eaton are under contract to purchase a new construction home asking $13.5 million in Miami’s ritzy Pinecrest neighborhood. Chad Carroll with The Carroll Group at Compass represented Mahlum and Eaton in the transaction.

The meticulously crafted residence at 11755 Southwest 68th Court, Pinecrest is located on a sprawling 1 acre lot offering 11,586-square feet of living space with eight bedrooms, nine bathrooms plus two powder rooms. Re+Forma and landscape architect Andres Tabora conceptualized the statement home’s architecture and design, featuring an Italian kitchen, gym, elevator, detached guest suite, downstairs bar/sunroom, an upstairs pajama room, and two laundry rooms. Outside find a 65-foot cascading knife-edge lap pool with spa, a fireplace, and summer kitchen by Brown Jordan. Other amenities include home automation by Crestron & Lutron, outdoor pond and water features, and a three car garage.

“This really is our dream home,” says Mahlum. “It is going to be a health, wellness and activity oasis with a beautiful pool, professional beach volleyball court, home gym, sauna, cold plunge, a games’ table and a wine fridge full of kombucha. We can’t wait to physically exhaust all of our friends and family.”

Anne Mahlum is a self-made entrepreneur, investor and philanthropist who created more than $100M in net worth for herself. She is the founder of [solidcore], which she sold to private equity in April of 2023. Her newest venture, Ambition, is a fitness and wellness concept that she launched in NYC in March and will have three locations by the end of August. A lifelong visionary, Anne is also the founder of Back on My Feet, a national non-profit organization that uses running as a vehicle to help those experiencing homelessness change the way they see themselves and become empowered to change their lives. Anne is a proven leader with a passion for creating businesses aimed at helping people be the best versions of themselves.

Brett Eaton is a high-performance coach, speaker, visionary behind multiple transformative coaching programs, and soon to be author. Brett has coached and collaborated with some of the top producers and performers in various industries. From serial entrepreneurs and small business owners to individuals looking to step up their game, Brett has delivered speeches to companies throughout the United States and has coached clients in eight different countries.

Images via Teresa Verez Estenson, Lisa Mishurda / Re+Forma Architecture

Forté Development Breaks Ground On 'Forté Luxe' Luxury Boutique Waterfront Community in Jupiter

Forté Development has broken ground on Forté Luxe, a luxury boutique waterfront community in Jupiter, Florida, consisting of just 15 multi-level residences surrounded on three sides by sparkling Intracoastal Waterway views. Forté Luxe is located at 12450 Crystal Cove Place in Jupiter, FL. With pricing from $4.35 million to over $8 million, Forté Luxe is slated to be complete in March 2025.  

Forté Luxe features architecture by Alfonso Jurado and interior design by The Decorators Unlimited, Forté Luxe is located on a stunning peninsula of land directly on the Intracoastal Waterway in Jupiter. KAST Construction is the general contractor for the project, and Douglas Elliman Development Marketing is the exclusive sales team.

“Situated in a prime waterfront location, Forté Luxe is a unique luxury development in beautiful Jupiter, Florida,” said Marius Fortelni, founder and CEO of Forté Development. “Forté Luxe presents a wonderful opportunity for the luxury buyer to enjoy the laid-back yet elegant Jupiter lifestyle, just minutes from the arts, golf, culture, dining and shopping of the Palm Beaches.”

Residences will range from 3,550 to over 5,000 square feet of living area. Features will include expansive great room interiors showcasing captivating views through full-height glass doors and windows, private garage with grand entry featuring unrestricted views of the beach line and water, private interior elevators, voluminous ceilings and full-height sliding glass windows and doors, waterfront covered terrace with built-in outdoor gas grills for al fresco dining and spacious elevated balconies with spectacular Intracoastal views.

Sporting contemporary, modern architecture and interior design aesthetic, the pet-friendly community will offer 13 private boat docks for up to 60-foot vessels (residents can purchase dockage), and a private resort-style swimming pool and sun deck with entertainment areas.

Renderings via Forte Development

Is Miami's Population Actually Shrinking? Is The City In Trouble? Not So Fast The Numbers Say...

Last week headlines from news outlets such as the The Wall Street Journal, the Miami Herald and The New York Times rang out that Miami was in trouble and the population was shrinking fast. The articles closely followed a debacle at Business Insider after the outlet published an article claiming that in 2021 more people had moved out of Florida than either New York or California; but, Business Insider later had to retract and correct the story after one of their writers had mistakenly flipped around the numbers and published with the article without double checking. Numerous press outlets and their writers have been fast to attack all aspects of Florida from its politics to its people, climate and even lifestyle.

The recent flurry of articles targeting The City of Miami and Miami-Dade County’s population loss cite US Census Data, citing 79,535 residents moved out of Miami in from 2020 to 2022 and were compiled using a report from Brooking Institute. The report compiles 38 counties with over 500K in population. The report shows that The City of Miami and Miami-Dade County only lost population during the peak of the COVID-19 Pandemic, from July 2020 to July 2021. With same data set after peak the peak Covid-19 Pandemic year, both Miami-Dade and Miami returned to population gain, while New York and Los Angeles did not. Miami-Dade was one of 11 counties of which returned to population growth that year, from 2021 to 2022. The drop in population was contributed to by closed boarders and other factors caused by the pandemic, but the numbers fail to show the claimed multi-year population drop that has consistently been headlined.

One of the targets of the articles was Miami’s real estate market, in which rising prices have driven some residents to look for cheaper housing elsewhere, while local housing is absorbed by high-income earners moving into Miami. IRS data shows that during 2020 to 2021 shows 45,430 people moved into Miami-Dade County, up 15% from the level in 2020, 39,562 people, and up 20% from the level in 2019, which was 37,630. According to a report by Miami REALTORS using IRS data, households that moved into Miami-Dade rose by $10.4 billion in adjusted gross income, which was up 131% from 2020, where the number was just $4.5 billion. During this period households that moved out of Miami had an adjusted gross income of $3.9 billion, for a $6.4 billion gain.

These new high earning residents have driven rent prices up well over pre-pandemic pricing despite the boost in new inventory coming online. Miami ranks 7th in the nation for housing shortages, reflected by its job growth-to-building permits ratio of 20.2. The data shows that the growth of the job market is outpacing the construction of new housing units. As a result, the limited housing supply leads to increased housing costs and affordability challenges for residents. While there may not be the same mad scramble for real estate as in 2021, Zumper data shows that the average rent in Miami for a 1-bedroom apartment in August 2023 is $2,763, an 8% increase over the previous year. The average rent for a 2-bedroom apartment in Miami is $3,800, an a 11% increase over to the previous year.

While Miami’s resident population number may fluctuate as the city grows, one number has shown Miami-Dade County’s strength on a global scale. Data from The Greater Miami Convention and Visitors Bureau showed that in 2022 over 26.5 million visitors came to Miami-Dade County, resulting in $20.8 billion in tourism revenue, up 8% from 2021. Nights booked at hotels were up 12.7% during that period where gross hotel revenue grew by 29% and occupancy up 8%.

The conclusion shows that while The City of Miami and Miami-Dade County's population may fluctuate, especially as the city and county continue to grow and add new jobs and infrastructure, the population is still on the rise and showing positive velocity while high-income earners are moving into the city and driving its growing economy. Miami-Dade County has grown into a global leader for finance and tourism as a new wave of commercial development continues to activate the city. The City of Miami and Miami-Dade County are global hotspots for business, travel and migration, not showing the signs of a troubled metro-area.

Sources:

[1] Wall Street Journal - “Miami Sees Its First Population Drop in Decades”

[2] Fox News - Business Insider corrects story claiming mass migration out of Florida after backlash: 'We got it wrong'

[3] Brookings Institute - Pandemic-driven population declines in large urban areas are slowing or reversing, latest census data shows

[4] United States Census Bureau - Growth in the Nation’s Largest Counties Rebounds in 2022

[5] Analytics.Miami - https://www.instagram.com/reel/CvssQQqtsdN/?igshid=MzRlODBiNWFlZA==

[6] SOI Tax Stats – Migration Data | Internal Revenue Service (irs.gov) SOI Tax Stats – Migration Data | Internal Revenue Service (irs.gov)

[7] Miami REALTORS - “In-Migration Boosted South Florida Household Income by $16 Billion in 2021”

[8] Zumper - https://www.zumper.com/rent-research/miami-fl

[9] The Greater Miami Convention and Visitors Bureau

ONE Park Tower by Turnberry Reveals New Renderings of Amenities And Interiors

ONE Park Tower by Turnberry has revealed new renderings of their amenities and interiors, designed by Arquitectonica and Meyer Davis. Set within the multi-billion dollar, 184-acre master-planned community of SoLé Mia in the heart of North Miami, ONE Park Tower by Turnberry is a luxury condominium reimagined for the next generation. The 33-story tower will deliver 299 bespoke residences overlooking a seven-acre Crystal Lagoons amenity and surrounded by pristine natural landscapes, a beach with private access, amenities created to offer residents a sophisticated lifestyle, and ocean views.

Envisioned by award-winning architecture firm Arquitectonica with interior design by globally recognized Meyer Davis, ONE Park Tower by Turnberry has been thoughtfully designed to offer resort-style, attainable luxury living for families seeking a walkable and connected community to call home.

Consisting of spacious one-, two-, and three-bedroom units plus a collection of penthouses, the residences boast dens and powder rooms and are designed to fit a range of lifestyles, all with connectivity to the outdoors and panoramic views of the stunning turquoise lagoon, Oleta River State Park, Biscayne Bay, the Atlantic Ocean, and the Miami city skyline.

Spanning 900 square feet to 2,100 square feet, residence interiors intentionally blend the natural beauty of the site with the vibrancy of the surrounding urban atmosphere. High ceilings and walls of glass open up to oversized private wrap-around terraces with seamless glass railings. All units will be completely finished with porcelain floors, oversized master bedrooms and walk-in closets (with upgrades available), and master baths featuring wet rooms with shower and soaking tub.

The centerpiece of the SoLé Mia community, a crystal-clear swimmable lagoon the size of 21 Olympic-sized pools, will provide ONE Park Tower by Turnberry residents a dedicated lagoon-front beach with umbrellas and beach chairs. Property staff will offer exceptional, individualized service for which Turnberry is known, including a Beach Concierge to arrange stand-up paddle boards and kayaks for rent and dining from The Lagoon Café and adjacent restaurants.

ONE Park Tower by Turnberry’s healthy lifestyle includes 37 acres of active and passive green space with eight miles of biking and running trails, private swimming pools, pickleball courts, and a state-of-the art wellness center which includes fitness, spa and massage facilities. Residents will also enjoy co-working facilities, a library, private event rooms, a climate-controlled wine room and dedicated children’s playroom. A gated entry, 24-hour security and secured garage parking with electric charging stations complete the offering.

ONE Park Tower by Turnberry is located at 2411 Laguna Circle, North Miami, FL.

Renderings via ONE Park Tower by Turnberry

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FIRST ON PROFILE: DAMAC Sets The Record Straight Addressing Misconceptions Following Special Commission Meeting, To Proceed With Submission B

FIRST ON PROFILE: DAMAC International, a Dubai-based luxury property developer renowned for setting ambitious standards in design and innovation around the globe, and the developer behind the forthcoming Zaha Hadid Architects-designed ultra-luxury condominium at 8777 Collins Avenue in Surfside, is setting the record straight to address misconceptions and misinformation following the July 25th Town of Surfside Special Commission Meeting in order to promote an informed dialogue. The developer is set to move ahead with Submission B, the wedding cake design which meets all current Town zoning requirements.

In June 2023, DAMAC submitted an application for site plan approval incorporating two design variations by the world-renowned architectural firm Zaha Hadid Architects for 8777 Collins Avenue to the Town of Surfside. As part of the application, DAMAC submitted two design variations with a common theme. The submission was based on alternative interpretations of the Town’s regulations. Submission A features consistent elevations on all sides and Submission B, colloquially referenced as the “wedding cake,” steps in on the South elevation.

Following the Town Commission vote on July 25th not to proceed with an ordinance that would, if adopted, establish a mechanism for Commission to provide setback flexibility for sites in the H-120 zone, DAMAC will be proceeding with Submission B, which is the wedding cake design. Submission B meets with all current Town zoning requirements but the proposed development at 8777 Collins Avenue is not without challenges.

The developer understands the unique and significant sensitivities involved with this property and remains committed to addressing concerns and to maximizing benefits for stakeholders while also ensuring privacy for future residents of its exclusive boutique condominium.

There have been several myths surrounding the proposed development and facts to dispel inaccuracies responded to in a statement provided by DAMAC International to PROFILEmiami can be found below:

MYTH 1:

A nefarious meeting was held in Dubai between the developer and Mayor of Surfside, and the developer bankrolled the trip for its own gain.

FACT:

Not true. As part of a planned journey to Israel for his son’s graduation last year, the Mayor of Surfside had a prearranged stopover in Dubai. During this stopover the Mayor of Surfside attended a meeting, suggested by senior management at DAMAC International, to meet with the DAMAC Chairman. This allowed them to meet for the first time and casually discuss the developer’s plan for 8777 Collins Avenue and how a memorial might be accommodated on site.

DAMAC strongly objects to any inference of wrongdoing. It should also be noted that DAMAC did not pay for any flights, accommodation or any other expenses incurred by the Mayor during his stay.

MYTH 2:

A memorial to the victims of the Champlain Towers South disaster will/should be located in the center of the property.

FACT:

The Town of Surfside and the Town’s Memorial Committee have already agreed to a memorial immediately adjacent to the property on a portion of 88th Street. This decision is memorialized in the Town’s Resolution Number 2022-2853, passed on January 11th 2022, whereby the town manager was directed to pursue all governmental approvals necessary to permanently close a section of 88th Street located in between Collins Avenue on the west and the public beach to the east for a memorial park and pedestrian plaza.

DAMAC purchased the property out of receivership as part of a court-directed process to fund a compensation fund for victim families. There is no condition of the sale requiring a memorial to be located on the site.

Despite being under no obligation to accommodate an onsite memorial, DAMAC has attended and partook in discussions with Surfside Commissioners and members of the Town’s Memorial Committee more than a year ago, to discuss the potential to incorporate a memorial on the property. The ordinance modifications necessary to facilitate a memorial on the site was subsequently rejected by the Town of Surfside on 25th July 2023.

MYTH 3:

DAMAC proposed the potential setback ordinance modifications discussed by the Town Commission on July 25th for its own benefit.

FACT:

The ordinance modification was proposed by Town management following meetings with victim families where some family members had asked for the opportunity for an extension of the public memorial on the property. The ordinance, if adopted, would provide the Town Commission the flexibility to adopt modified setbacks for the property that would, in turn, allow additional space to be created for an extension of the public memorial space. The ordinance change is not necessary for the development of the property as proposed.

MYTH 4:

If the ordinance reviewed on July 25th is ultimately approved, DAMAC would be the sole beneficiary of the ordinance and would receive 37,600 square feet extra buildable area (worth $50 million) as a result.

FACT:

Not true. First, the proposed ordinance would apply to all H-120 zoned land and is not exclusive to the property.

Second, DAMAC’s current plan Submissions are roughly equal in overall size and the application of the proposed ordinance would not result in additional floor area.

The Town Attorney clarified this issue at the July 25th Commission meeting. See link to video here.

Niall Mc Loughlin, DAMAC International Senior Vice President of Communications concluded “We also note comments from the previous Town Commission prior to the sale of the site (and repeated by the former Mayor at the July 25th meeting) that the Town is committed to not “down zoning” the property.”

“Given the upcoming Town elections, DAMAC would not be surprised to see further caustic ‘political theatre” in Surfside, additional grandstanding, and attempts to derail the project and publicly discredit the company for political gain or self-interest. We are confident that the submitted project is consistent with the Town’s regulations and look forward to continuing to work with the Town and stakeholders,” said Niall Mc Loughlin.

Renderings via DAMAC International

This article was published via a statement provided by DAMAC International. PROFILEmiami takes no ownership or responsibility behind any of the statements in the above article. All statements should be independently verified.

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Cher's Former La Gorce Island Home Hits Market For $42.5 Million In Miami Beach

A legacy home on La Gorce Island which was once owned by popstar Cher in the 90’s, has hit the market for $42.5 million. The Spanish contemporary estate is draped in bougainvillea with an idyllic courtyard and was stylishly elevated to modernity by Menin Homes + Designs.

The six-bedroom, nine-bathroom abode features grand dual staircases, Brazilian oak flooring and a foyer with ceilings over 19-feet greet you upon arrival. Designed for hosting, the social rooms and formal salons lead to a chef's kitchen, plus an Art Deco-style bar with custom wallpaper and designated media den.

There are three upper bedrooms and a main level VIP suite, plus guest quarters with two privately accessed suites. A palatial primary is outfitted with a sitting room, marble clad bath with a stunning center shower for two, oversized custom closet, and a sunrise terrace.

Wellness amenities include a top floor fitness studio, cold plunge, outdoor shower, and spa. Outdoors find resort-style features with a 50-foot statement pool, waterside dining, sun deck, a chic Palm Beach style pool house with cabana bath, and ample green space all around. The property also features 158-feet of linear water frontage with a private dock. The ultra exclusive, gated La Gorce Island is home to only 30 waterfront homes and is a 24-hour patrolled community.

64 La Gorce Circle is listed for $42.5 million by Dina Goldentayer with Douglas Elliman.

Images via Become Legendary / Dina Goldentayer

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The Most Opulent Listing In Lake Park Hits The Market At Nautilus 220 In The Palm Beaches

Royal Palm Companies and Forest Development have revaled Penthouse F5, the final penthouse available. PHF5 is a stunning home with a rooftop terrace at Nautilus 220, a new luxury mixed-use development with condominium residences in two, 24-story towers, with restaurants like SeaHawk Prime by David Burke, retail, and offices all alongside a full-service marina. With nearly 4,600 square feet of total living area and a rare private roof terrace with pool, the residence is the most coveted listing in Lake Park to be announced at $4.6 million.

Located on the top floor of Nautilus 220’s South Tower, Penthouse F5 boasts 12-foot ceiling heights, two spacious bedrooms and two and a half ultra-luxe bathrooms. The rooftop terrace includes a summer kitchen, private pool, and sun deck. The residence also features direct elevator access to the foyer for ultimate privacy.

“Nautilus 220 brings a first-of-its-kind luxury development to the Lake Park area in the Palm Beaches and the penthouse gives residents an unparalleled level of oceanfront luxury,” said Peter Baytarian, Managing Partner of Forest Development. “As Palm Beach country continues to gain popularity and momentum with fans of waterside living from near and far, this penthouse is a truly elite option for living the South Florida dream that is minutes from famed Palm Beach and the ultimate luxury shopping, dining, and lifestyle.”

Nautilus 220 is comprised of 330 two- and three-bedroom residences in two, 24-story towers ranging from 1,500 to 3,400 square-feet. Various floor plans with plunge pools, summer kitchens, and unobstructed views of the Intracoastal Waterway and Atlantic Ocean. The project also offers an array of amenities including a one-acre outdoor amenity deck, resort-style pool, rooftop lap pool, wellness plaza, putting green, club room, theatre lounge, billiards, bowling, off leash dog run, guest suites, and private beach club access. The lobby, common areas, 5th floor amenities and model residence were each thoughtfully designed by Interiors by Steven G. Inc. Located in the popular Palm Beaches, this luxe development provides direct access to SeaHawk Prime by David Burke, as well as various other waterfront restaurants, retail, and office suites. Nautilus 220 is also set alongside the popular Lake Park Harbor marina offering slips for boats up to 100 feet.

“Nautilus 220 brings a unique, mixed-use experience to those in the Lake Park area with residential, F&B, retail, and office space all in one development,” said Daniel Kodsi, CEO of Royal Palm Companies. “The future resident of Penthouse F5 is someone who loves the Palm Beach lifestyle, but wants more in terms of new construction, amenities, and contemporary style. This resident will also appreciate the opportunity to own on the water just minutes from the beach at these prices. This is Palm Beach 30 years ago and has a tremendous opportunity to grow and appreciate in value with all that is going on in the area. PHF5 is its own private oasis with access to all of Nautilus 220’s top-notch amenities.”

The Nautilus 220 development team includes Forest Development and Royal Palm Companies. The design team includes architecture by R+N Architecture, interior design by Interiors by Steven G. Inc., and planning and landscape by Insite Studios. Sales and marketing for Nautilus 220 is being handled by Oculus Realty. Nautilus 220 is approaching 80% sold with construction expected to be completed in Fall 2024.

Renderings via Nautilus 220