GFO Investments Launches Sales at Gale Hotel & Residences In Downtown Miami

Gale Hotel & Residences Miami has launched sales of their fully approved short-term rental building in Downtown Miami with pricing starting in the mid $400K’s. The project located at 601 NE First Avenue in Downtown Miami is a flagship project developed by hospitality entrepreneur Keith Menin along with Marisa Galbut, through their development firm, Sixth Street Miami Partners LLC, by GFO Investments. Cervera Real Estate is the exclusive sales and marketing team for the development.

“Gale Hotel & Residences Miami is a landmark project for our team,” says Keith Menin of Sixth Street Miami Partners LLC. and Menin Hospitality. “We are thrilled to have incredible continued success with the Gale brand and couldn’t think of a better time to launch this residential and hotel offering. It’s a one-of-a-kind development in Downtown Miami that will fill a gap in the market and open early next year, offering not only an amazing hotel, but services and a concierge program that will connect residents and guests to incredible experiences all around them.”

Fully approved as a short-term rental and hotel building, the development offers studio, 1- and 2- bedroom units ranging from 410 to 910 square feet, with prices ranging from the mid $400’s to over $1 million. In addition to its strategic location near Miami Worldcenter just steps away from all Downtown Miami has to offer, the hotel units will be listed on over 75 homesharing and hotel listing websites through Gale Hotel & Residences Miami distribution system. The developers have forged relationships with key organizations and groups in the area to provide top concierge offerings such as transportation to and from Port of Miami, Brightline, Kaseya Center, Adrienne Archst Center and more. Through Menin Hospitality owners and guests at Gale Hotel & Residences Miami will also have access to a beach club and hospitality pass.

“Downtown Miami’s growth is not slowing down. Evidence of that comes with the recent announcement of the new restaurant and retail outlets at Miami Worldcenter slated to open simultaneously with the delivery of a fully-finished Gale Hotel & Residences Miami. We couldn't be more eager to take advantage of this momentum and excitement in this evolving city,” says Alicia Cervera of Cervera Real Estate. “Buyers are searching to own a piece of Miami that connects them to everything from ‘sports to ports’ and beyond. There’s never been a more perfect time to own real estate in a thriving Downtown that is truly finding its identity as a cultural and entertainment mecca.”

Joint amenity spaces between Gale Miami Hotel and Residences and Nativo™ Miami span an impressive 70,000 square feet across three floors. Overlooking panoramic views of Biscayne Bay and the Miami skyline, the project will feature multiple full-service restaurants, including Menin Hospitality’s Bodega Taqueria y Tequila, and bars on the same level as the exotic resort pool with pool-side cabanas. Inside, a kids-focused playroom and multitude of event spaces can be reserved and utilized by residents and guests alike. For business needs, there is a full dedicated floor equipped with video-capable conference rooms featuring cutting-edge technology and promoting connectivity, in addition to flexible ballrooms, multiple private meeting rooms and breakout areas catering to those seeking versatile event spaces.

The development features a variety of wellness amenities, catered to those looking to achieve a healthier lifestyle and prioritize their well-being while on-the-go. In addition to its state-of-the-art fitness facility, owners and guests will find a yoga lounge and terrace, steam room, sauna, hammam, and spa with massage and treatment rooms, for their comprehensive health and wellness needs. For a post-workout refreshment, there's a juice bar to provide a revitalizing boost.

Additionally, Gale Hotel & Residences Miami features cutting-edge green technology, hosting “smart building” features that include ultra-high-speed internet access, wiring for HDTV, and multiple telephone data lines. Other luxurious amenities include a 24-hour attended lobby with a lounge that welcomes residents and guests, along with 24-hour valet parking for convenience at every hour. Notably, the ground floor encompasses 9,000 square feet of restaurant space, which includes an outdoor garden and the exclusive street-front dining destination, Bodega Taqueria, curated by Menin Hospitality. Private beach club access on Miami Beach and a convenient shuttle service further enhances the overall experience for residents and guests.

The project’s architect, Arquitectonica, has collaborated with Urban Robot for interior design and landscape architecture to create a true mixed-use project to create a landmark building in the heart of Downtown Miami. Gale Hotel & Residences Miami’s design offers panoramic ocean views juxtaposed with the expanding skyline of Biscayne Bay and Miami while being poised in a Downtown walkable hub.

Renderings via Elephant Skin

Expanding Horizons: AvenueWest Global Franchise Comes to Miami under Leadership of Local Realtor Michelle Real

As Miami’s thriving economy, access to quality talent, and strategic location continues to attract businesses and corporate headquarters, an opportunity became clear for AvenueWest: A new franchise in South Florida.

Having established a reputation as a leading provider of furnished corporate housing, real estate, and property management services, AvenueWest knew it had the expertise and resources to meet the escalating demand for extended rentals for corporate and international travelers in the greater Miami region.

“Our commitment to providing exceptional corporate housing solutions has allowed us to grow and expand our services to meet the needs of our clients, and we are excited to bring our services to Miami's growing market,” said AvenueWest Global Franchise’s CEO, Angela Healy.

The new franchise officially launched on August 17 and marks the company’s 17th location in the United States, further solidifying its position as the go-to provider of high-quality managed corporate housing accommodations. Over the last 25 years, AvenueWest has experienced a remarkable surge in demand, adding over 100 new properties in the last five months and is on track to double their revenue in 2023. While demand factored into AvenueWest’s decision to expand into Miami, it was important to find the right leader that could build on existing relationships in the region and uphold the company’s values.

Enter Miami local, Michelle Real. The new AvenueWest Miami owner’s introduction to the franchise happened while listening to a podcast featuring CEO Angela Healy. She was intrigued by their unique business model and had experienced first hand the complexities and challenges faced by property owners, particularly in short-term rental management, often due to regulations and tenant turnover. Michelle quickly discovered that her combined business experience and eight years in the Miami real estate industry made for an ideal partnership for the franchise.

“AvenueWest opens the door to a segment of the industry that only a few companies have access to and individual investors are missing. The corporate housing sector can be complex, but AvenueWest has made the process streamlined and efficient. The rental revenue program is the best proposition for owners to get a higher return on their investment as an alternative over options such as a short-term rental like Airbnb. Corporate housing can yield similar returns and better experiences for renters and owners alike,” said Real.

Michelle recognizes the evolution of options in the real estate industry, and is pleased to have found a company that prioritizes the success of both franchise owners and its clients.

“Becoming part of a well recognized industry brand like AvenueWest was not a difficult decision,” Real added. “The immeasurable value of professionalism, industry expertise, and knowledge exhibited by our colleagues here is truly invaluable. It is the people here that make the difference.”

“We are thrilled to welcome Michelle Real to our team. We are confident she will continue to give our clients the best service,” said Angela Healy.

With the Miami corporate housing sector rapidly growing, AvenueWest and Michelle are poised to meet the increasing demand. By focusing on both the success of franchise owners and the satisfaction of clients, they are thrilled to offer a premium option for corporate guests and visitors and make a significant impact in Miami's corporate housing market.

To learn more please visit, www.miami.avenuewest.com

Dolce&Gabbana and JDS Launch Fashion House's First Global Residences and Hotel at 888 Brickell Supertall Tower

Dolce&Gabbana has unveiled 888 Brickell, its first real estate project in Miami, in collaboration with developer JDS Development Group. The supertall tower will be the tallest building in the city at 1,049 feet, rising 90-stories, and will offer 259 custom residences interior designed comprehensively by Dolce&Gabbana, along with a 5-star hotel. Together, 888 Brickell will be a place to savor the splendor of luxury, and to experience the authentic Dolce&Gabbana lifestyle in one of the most vibrant cities in the world. Pricing will range from approximately $3.5 million to over $35 million with sales and marketing exclusively overseen by OFFICIAL Partners.

A striking new addition to the Magic City skyline with its stone-cladded exterior and glossy black façade, 888 Brickell, Dolce&Gabbana, Miami will be the tallest building in Miami, establishing a new standard in the architectural landscape. The façade, designed in collaboration with architects Studio Sofield, features an elegant and restrained combination of ivory travertine and matte black steel beams that give the building an expressly vertical appearance, setting it far apart from its neighbors.

Towards street level, the building dons a gold beaded “necklace” that brings a warm luster and brilliant shine to the property. Inspired by quintessential modernist skyscrapers and Milanese mid-century design and fashion, 888 Brickell, Dolce&Gabbana conveys a striking and bold architecture in Miami.

“We are proud to keep the value of Italian Fatto a Mano as the defining ethos within all our projects: after the launch of our Casa Collection, it was natural to think of a residential project developed in accordance with the very best in Italian hospitality. We wanted to present 888 Brickell as part of our latest Alta Moda events, in Puglia, a perfect and meaningful context to kick off an initiative of this magnitude. We are happy to be able to present our first residential project in Miami, a city that has always welcomed us with enthusiasm, a global destination with an unparalleled culture and lifestyle: we can't wait to pave the way for our interior design experience at 888 Brickell.” Said Alfonso Dolce, CEO at Dolce&Gabbana.

“At a time when Miami is enjoying an incredible renaissance, we are proud to launch a global first collaboration at 888 Brickell with Dolce&Gabbana. For us, Dolce&Gabbana is the perfect partner to realize this new chapter and future vision for our iconic tower. The global fashion house’s pursuit of quality and detail in design — together with their ability to create a beautiful world of authentic lifestyle filled with incredible hospitality — ensures we are absolutely embarking on a successful, creative journey for our future residents and visitors alike.” Said Michael Stern, Founder and CEO at JDS Development Group.

Renowned for their unwavering dedication to craftsmanship and their relentless commitment to sourcing luxurious and well-considered materials, Dolce&Gabbana elevates the design of 888 to an unmatched level. Each of the 259 residences, encompassing a range from 1-4 bedrooms, is meticulously curated by Domenico Dolce and Stefano Gabbana. From bespoke hardware and rare wood and stone species to impeccably tailored furniture and hand-crafted millwork, Dolce&Gabbana brings its signature glamour and grace to every square inch of the residences at 888.

Every home is a complete turnkey offering, thoughtfully designed to effortlessly transition from a private residence to separate, individual private suites. Exuding sophistication and refinement, the residences at 888 are fully appointed, ensuring a seamless experience.

Dolce&Gabbana and JDS Development conceived, designed, and programmed every inch of the 115,000 square feet of amenities throughout the property. The idea is to just show up, and everything is taken care of. From the moment you wake up to the moment you go to sleep, every whim and desire is anticipated.

Home to both a premier hotel offering world-class hospitality and 259 exquisitely furnished private residences by Dolce&Gabbana, 888 is an unprecedented hybrid of lifestyle-driven hospitality and elevated residential development. Spread over eight floors, 888 features a robust suite of amenities focused on entertaining, sports, leisure, wellness and fitness, and dining.

Amenities include a Porte Cochere arrival below a gold beaded decorative screen and custom pendants; a signature restaurant curated by Dolce&Gabbana; a private residential lobby; a double-height indoor panel court; fitness center, golf simulator; cold and hot plunge pools; a recovery spa and a a double-height grand lobby with two bars. The 4,000 SF pool deck features a grand pool bar with poolside service; a pool deck restaurant; private cabanas with flexible shade devices; and water lounge chairs. There will also be a grand event space with outdoor terrace; demo kitchen with private dining, theater space, pool tables and wine cellar.

Images via LL&CO

"Siesta Key" MTV Star Sam Logan Buys Miami Beach Waterfront Mansion For $13 Million

MTV reality star Sam Logan of “Siesta Key” has acquired Villa Una, a Kobi Karp-designed waterfront mansion in Miami Beach for $13 million in an all cash deal. The new construction 5,600 SF home located 1485 Cleveland Rd. in Miami Beach offers 6 bedrooms and 6.5-baths on 0.26 acre lot. Jordan Karp of Jordan Karp LLC represented the buyer, Logan, while Pier Paolo Visconti and Claudia Llanes of Douglas Elliman represented the sellers.

The tropical modern home features striking Italian craftsmanship and was finished completely custom with the finest materials including custom millwork doors, French white oak floors and formal living spaces with exquisite details throughout. The indoor-outdoor paradise features incredible waterfront views from every room with majestic sunsets. Villa Una also features a custom Italian chefs kitchen, home office, elevator, gym, media room and a 1,000 SF master suite with an oversized closet. The home is fully automated with Crestron/Lutron and state-of-the-art technology throughout including a Tesla charger. Outside features a pool and 75’ of waterfront on Biscayne Bay with no fixed bridges to the Haulover inlet for ocean access.

Images via Kobi Karp Architects & Interior Design

Supermodel Gisele Bündchen Acquires Southwest Ranches Estate For $9.1 Million

Supermodel Gisele Bündchen just purchased a stunning home in Southwest Ranches for $9.1 million. The 7.5-acre property features lush grass fields, state of the art equestrian rink, wisteria & ivy covered, 9 bed, 9 bath, 5,183 sq.ft, home plus guest apartment. The seller was represented by Chad Bishop & Saddy Abaunza Delgado with ONE Sotheby's International Realty, while the buyer was represented by Laura Valente with Global Luxury Realty LLC.

The home features open concept living room is impeccable, with a fireplace and a floating glass staircase. The first floor master features its own sitting area, private bathroom, and fantastic walk-in closet. The gourmet kitchen features Italian Calacatta quartz countertops, an oversized island with breakfast bar, integrated refrigerator and oven, and built-in bar.

Outside, pathways and trees are illuminated by beautiful lights, intricate pergolas, and an infinity pool with hot tub includes fountain water features. Additional features include tennis courts, a soccer pitch, infinity pool, 10 large horse stalls, an outdoor kitchen fitted with a hibachi grill, pizza oven, barbecue, and a wine fridge.

Images via Eric Igualada / ONE Sotheby's International Realty

Fortune International Group and Château Group Break Ground on The St. Regis Residences, Sunny Isles Beach

Fortune International Group and Château Group have officially broken ground on The St. Regis Residences, Sunny Isles Beach, Miami, which will be the tallest residential towers on the ocean in Sunny Isles Beach, positioned along 435 linear feet of pristine beach. Masterfully crafted by the visionary architecture firm Arquitectonica, the residences boast interiors envisioned by acclaimed São Paulo-based designer Patricia Anastassiadis and captivating landscape design by EDSA, offering the unique opportunity for an elevated lifestyle in one of South Florida’s most sought-after destinations. Coastal Construction will lead the construction of the project. The eagerly anticipated South Tower, the first to be completed, will showcase an impressive collection of 175 luxurious residences, marking a new era of elegant coastal living.

The development team commemorated the official groundbreaking with a momentous celebration held at their oceanfront sales gallery, the future site of The Residences. The event was attended by distinguished guests and notable government officials, including the City of Sunny Isles Beach Mayor, city officials, and the visionary leaders behind the project, Edgardo Defortuna, President and CEO of Fortune International Group, and Manuel Grosskopf, CEO of Château Group.

"We are thrilled to reach this exciting next step as we break ground on The St. Regis Residences, Sunny Isles Beach, Miami. This momentous occasion marks the beginning of an unparalleled lifestyle we will deliver to our future residents,” said Manuel Grosskopf, CEO of Château Group. “The exceptional combination of visionary architecture, inspired interiors, and breathtaking oceanfront views will undoubtedly create a truly remarkable living experience that reflects the luxury and sophistication only found in Sunny Isles Beach."

"We are tremendously excited for this next step for The St. Regis Residences, Sunny Isles Beach, the exceptional sales success truly speaks to how deeply the project has resonated with sophisticated buyers, reaffirming the timeless appeal of this extraordinary development,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The overwhelming response from clients underscores the demand for the distinctive experience The Residences will offer, solidifying its position as the ultimate destination for coastal living."

The groundbreaking of The St. Regis Residences, Sunny Isles Beach, follows unprecedented sales success for the project, which has secured over $110 million in sales this summer, contributing to the astounding total of $850 million in sales to date. The demand for these iconic residences demonstrated the appeal of the development's extensive amenity offerings, superior architecture, and desirable location, a testament to the collaborative vision of Fortune International Group and Château Group. The St. Regis Residences promises to redefine the pinnacle of oceanfront living, setting new standards along Miami's coveted shoreline.

Images via World Red Eye

The St. Regis Residences, Sunny Isles Beach, Miami are not owned, developed or sold by Marriott International, Inc. or its affiliates (“Marriott”). La Playa Beach Associates, LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made about the project.

Meet Our Residential Panelists For "PROFILEconnect: State of the Market Miami 2023 Presented by the Lighting Studio"

On September 21 PROFILEmiami is set to host our largest event yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series will bring together some of the top developers and brokers in Miami to discuss the state of South Florida’s real estate markets. The 'State of the Market Miami 2023 Presented by The Lighting Studio’ will feature both a residential panel and a commercial panel matched with a trendy evening soirée of bespoke networking and cocktails by E11EVEN Vodka.

The ‘Residential State of the Market’ Panel will explore pricing and availability across South Florida, luxury real markets, new developments, where are the buyers coming from, factors impacting pricing and demand, mortgages and future market outlook. The residential panel features some of the top names in Miami’s residential real estate game, bringing togethers panelists with a combined $3+ billion of real estate currently under development and leading the three largest real estate brokerages, having overseen a combined $5+ billion in transactions since 2020. Panelists include Edgardo Defortuna of Fortune International Group, the developer of St. Regis Residences, Sunny Isles Beach; Gil Dezer, the developer behind Bentley Residences Miami and Porsche Design Tower; Jay Phillip Parker, CEO of Douglas Elliman FL; Daniel de la Vega of ONE Sotheby’s International Realty; Nelson Stabile, Principal of Integra Investments and co-developer of St. Regis Residences, Miami; moderated by Simon Mass of The Condo Store.

Thank you to our Sponsors:

Meet Our Panelists:

Edgardo Defortuna, CEO & Founder of Fortune International Group

Edgardo Defortuna is President, CEO and Founder of Fortune International Group, a Miami-based full- service real estate firm recognized throughout South Florida, Latin America and Europe as a leader in high-end luxury real estate. He oversees all of the company’s activities across all of its business units. Edgardo is involved with the strategic decision making of the group, as well as the day-to-day operations of each of its divisions.

He started the business in 1983, and quickly became a driving force in real estate. Through his company’s success and far reach into U.S., European and Latin American markets, Edgardo is widely recognized for having made a significant contribution to the internationalization of Miami and its reputation as a global business, trade and vacation hub.

Edgardo is currently developing the St. Regis Residences, Sunny Isles Beach; ORA X Casa Tua in Brickell; the Ritz-Carlton Residences, Pompano Beach; and Nexo Residences in North Miami Beach, amongst others. He has been one of the preeminent developers in Sunny Isles Beach and Brickell, having delivered Jade Signature; The Ritz-Carlton Residences, Sunny Isles Beach; Jade Beach; Jade Ocean; Jade Brickell; and Fortune House, amongst others.

Daniel de la Vega, President, ONE Sotheby’s International Realty

As President of ONE Sotheby’s International Realty, Daniel de la Vega has been instrumental in building the brand along Florida’s East Coast since the affiliate was founded in 2008. The leading luxury brokerage now operates across Dade, Broward, Palm Beach, Martin, Indian River, Brevard and Duval counties with 30 offices and over 1,300 associates who generate annual sales in excess of $8.1 billion. Daniel applies his background in finance and marketing to manage a property portfolio totaling $7 billion-plus in both new, luxury condo developments and existing listing inventory. Being immersed in real estate for most of his life, including more than 15 years as a professional broker, Daniel holds unique insight into mastering real estate deals and building relationships throughout the globe. He regularly travels the world, from Latin America to Europe and throughout the U.S., in order to expand ONE Sotheby’s International Realty’s network and form partnerships that better serve the company’s distinguished clients. These efforts have been vital to fortifying the company’s local reach and worldwide presence.

Daniel has a great appreciation for the convergence of real estate, art, design and culture, qualities that are synonymous with the vibrancy of South Florida and the Sotheby’s brand. He is an avid art collector, with more than 100 works in his growing collection, and is active in the art community as a Board of Trustee Member at the Pérez Art Museum and a past member of The National Young Arts Foundation and Guggenheim Photo Committee. He is also a member of the Young Presidents’ Organization. A native of Miami, Daniel earned a finance and marketing degree from Florida International University, where he served on the Leadership Advisory Board for the College of Architecture and The Arts, and he holds a Master’s in Business Administration from University of Miami, where he serves on the board of the University of Miami’s School of Law Real Property Development LL.M Board.

Gil Dezer, President of Dezer Properties

One of the youngest developers of luxury high-rise residential and condo-hotel properties in the United States, Gil Dezer has been instrumental in changing the face and value of South Florida real estate. He has earned wide recognition as a key developer at the forefront of the luxury brand partnership real estate trend and continues to actively partner with major brands to further spotlight South Florida to buyers globally.

Most recently, Gil announced his partnership with Bentley Motors to construct the first ever Bentley Residences, 200-plus oceanfront residences which will launch sales later this year. Standing at 749 feet and over 60 stories high, the property will be the tallest residential tower on a U.S. beachfront.

Other Dezer Development oceanfront projects include the first-ever Residences by Armani/Casa tower in partnership with the iconic fashion and furnishings designer, Giorgio Armani. Developed in partnership with the Related Group, the project recently achieved its $1 billion sellout. Gil also partnered with Porsche Design Group to deliver Porsche Tower, a 60-story ultra-luxury tower showcasing a one-of-a-kind Patented robotic parking system known as the “Dezervator,” which allows owners to park their vehicles in ‘sky garages’ directly next to their units. Gil also led the Trump Organization’s first foray into the South Florida real estate market through the successful development of Trump Grande Ocean Resort and Residences and Trump Towers.

Notable future projects include the Intracoastal Mall, which will bring 2,000 residences, 375,000 square feet of retail, 200,000 square feet of office, a hotel, harbor and park to the Miami waterfront site, transforming the nearly 30-acre property.

Gil holds a Florida real estate license and is the past president and Chairman Emeritus of the Developers & Builders Alliance (DBA), one of the world’s largest development and construction organizations. He is a past recipient of the Greater Miami Chamber of Commerce’s R.E.A.L. Award for Residential Real Estate – Condominiums, and has taken home the Platinum Personal Achievement Award for Sales Director of the Year for Trump Grande Ocean Resort & Residences for three years in a row at the annual Florida’s BEST Awards.

Active in the community, Gil holds several positions including co-founder of the Mount Sinai Medical Center Foundation; Young President of the Miami Heart Institute; and member of Florida Friends of Israeli Defense Forces (FFIDF); Project Cradle in Miami; WIZO Florida; and One Family Fund Organization.

Jay Phillip Parker, CEO of Douglas Elliman Florida

Real estate industry leader and veteran, Jay Phillip Parker has served as the Chief Executive Officer of Brokerage for Douglas Elliman’s Florida region since 2013. He is also President of Douglas Elliman Development Marketing, Florida.

Responsible for the advancement of a leading provider of luxury real estate services across Florida, he has successfully grown Douglas Elliman’s presence in markets from Miami to Jupiter to Palm Beach, St. Petersburg, Ponte Vedra and Naples with a total of 27 offices and more than 1,300 agents.

Jay has been a key figure in the growth of the brand, which is now represented in luxury real estate markets in 53 countries and six continents through its partnership with London-based Knight-Frank Residential.

A graduate of the University of Western Ontario in London, Ontario, Canada, Jay completed the study abroad program in Tel Aviv, Israel while earning his bachelor’s degree. He went on to earn his Juris Doctorate from the University of Miami School of Law in May of 1998. A member of the Florida Bar Association, Jay serves on the Board of Governors for the Miami Beach Chamber of Commerce, as President of the Executive Board of Mt. Sinai Medical Center Foundation and a member of the Miami Association of Realtors Leadership Board.

Nelson Stabile, Principal of Integra Investments

Nelson Stabile was raised in a town in the Brazil Amazon and moved to South Florida when he was 15 years old. As one of Integra Investment’s founders, he understands the ins and out of real estate development, bringing a well-rounded perspective to a diverse portfolio. Nelson oversees the company’s accounting and finance, underwriting, construction, and risk management.

With more than 20 years of experience, Nelson is enthralled by real estate development, having been involved in the industry throughout his career. His market insight and expertise has led him to spearhead the company’s expansion into alternative investment classes.

Adept in construction, Nelson previously served as business director for South Pointe Construction & Development Co., leading the consulting and custom projects department for notable residences, including Sole on the Ocean and Symphony Towers.

In 2022, Nelson was appointed president of the Builders Association of South Florida. He is also an active member of Urban Land Institute and the Brazilian American Chamber of Commerce.

Nelson earned a Master’s Degree in Engineering and Construction Management from Florida International University and a Bachelor’s Degree in Business Administration, with a concentration in International Finance and Marketing, from the University of Miami. He is fluent in English, Spanish and Portuguese.

Moderator: Simon Mass, CEO of The Condo Store

Simon co-founded a ten-person boutique firm in 2004 that evolved into The Condo Store that now proudly hosts over fifty team members and more than 300 sophisticated high-net-worth clients from around the globe. Often recognized in Toronto as the architect of the pre-construction condo investment sector, with over $10 billion in transactions and a reputation that spans across North America as the creator of the bulk condo investment space.

It is common knowledge that condo investments have been the highest grossing asset class over the past 25 years in Toronto. Consistent deal flow isn’t based on luck but rather, it comes from the strong relationships garnered with Canada’s largest and most prestigious developers. These high-level personal connections allow TCS clients to have an advantage in the sector and ensures investing into a real estate project is not like throwing a dart and wishing for the best.

Simon has long-term relationships with hundreds of clients that include doctors, medical practitioners and business professionals across Canada. These clients account for over $500 million in annual investments. Simon’s long-standing relationships with leading developers continues to fuel The Condo Store’s investment engine.

About PROFILEconnect: State of the Market Miami 2023 Presented by The Lighting Studio

On September 21 PROFILEmiami is set to host our largest event yet as the next installment of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series will delve into the 'State of the Market Miami 2023 Presented by The Lighting Studio’. The experience will feature two panels featuring some of the biggest players in Miami’s real estate industry as they discuss the state of Miami’s commercial and residential real estate markets, matched with a trendy evening soirée of bespoke networking and cocktails.

Immerse yourself in Wynwood’s high-energy atmosphere at the luxurious Eclectic Elements Showroom for bespoke networking and cocktails highlighted by two engaging panels exploring the ‘Residential State of the Market’ & ‘CRE State of the Market’. The relaxed and open PROFILEconnect setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, continuing post-panel with cocktails by E11EVEN Vodka and sounds by local Miami-based DJ DAKAP.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.

Thank you to our Sponsors:

Tory Burch Co-Founder Lists Lavish Miami Beach Estate For $49 Million

Christopher Burch, the co-founder of fashion brand Tory Burch and founder and CEO of Burch Creative Capital, has listed his lavish estate on Miami Beach’s prestigious North Bay Road for $49 million. The classic post-modern design showcases an air of timeless sophistication, find meticulously crafted living spaces, eight bedrooms and eight full plus two half bathrooms, that reflect South Florida living to its core.

Stepping into the main house, the wood paneling throughout evokes a sense of warmth and coziness. Within the interiors, impeccable detailing can be found in every room from the embroidered curtains and trimming to the furnishing and artwork. The layout includes four bedrooms with the master situated upstairs along with two additional rooms. Vaulted ceilings coupled with two closets and two bathrooms create a sense of luxuriously appointed privacy. There is another spacious bedroom downstairs that could serve as an alternate primary. Find a kitchen featuring a large dining area, separate prep kitchen, breakfast nook, and a dedicated butler’s pantry with a rotisserie oven. Several lush courtyard areas infuse a sense of tranquility into the space.

The guest house spanning 1,500-square feet features two separate entrances that can be configured as four bedrooms – in its current state it is situated as two separate bedrooms with one living area each.

Beyond the walls, find perfectly manicured grounds adjacent to the wide-open views of Biscayne Bay and 139 feet on the water complete with an oversized dock. A backyard pool offers an entertaining area with a covered pizza oven and grill. The pool on the side of the house boasts a steam and sauna, cold plunge and hot tub.

5050 N Bay Road is listed for $49 million by Mirce Curkoski and Albert Justo with ONE Sotheby’s International Realty.

Images via The Waterfront Team / ONE Sotheby’s International Realty

PROFILE Exclusive: 12 Questions With Spec Home Specialist Pascal Nicolai of Sabal Development

PROFILEmiami had the exclusive opportunity to sit down with Pascal Nicolai of Sabal Development, one South Florida’s authorities when it comes to spec homes and custom home development, having built and sold total value of over $146 million in custom homes over the past 2 years. Sabal Development made a name for themselves as a vertically integrated developer and builder with over $130 million in luxury custom-built home sales in 2021.

Nicolai, who has more than 30 years of experience in the industry with completed projects in Europe and the U.S., Sabal Development is currently developing a modern office/ retail mixed use commercial building on Alton Road in Miami Beach and has developed a large portfolio of luxury properties including several homes on Palm Island and the Venetian Islands as well as Miami Beach and Palm Beach. PROFILEmiami recently caught up with Nicolai amidst his busy schedule and summer travel to get inside the mind of one of South Florida’s leading custom home specialists:

PROFILE: Tell us about your background, how did you get involved in real estate?

Pascal Nicolai (PN): I was born and raised in the South of France; real estate has been a passion of mine ever since I can remember. While I was studying at the university, I found myself engaging in real estate projects “on the side” so to speak, and by the time I was finished with my degree I already had my own real estate agency.

PROFILE: What was your first real estate development project?

PN: In France it was a 20,000 SF office building in the south of France. In Miami it was a luxury home location on the Venetian Islands

PROFILE: What is your development philosophy?

PN: In the simplest terms, it is location location location. That being said, acquiring prime lot locations and building luxury homes which surpass client expectations.

PROFILE: You have built a name for yourself as one of the biggest luxury homebuilders in Miami, how did you carve out this niche?

PN: I got in this niche with my partners with whom I developed high end real estate in prime locations such as Monaco, St. Tropez, and Courchevel. My goal was to bring my expertise to Miami and continue my vision.

PROFILE: Tell us about some of your favorite projects that you have built to date?

PN: That’s a tough one! Some of my favorite projects include:

1369 N. Venetian Way, Miami, FL. This beautiful 7,000 SF home is located on an open bay lot with spectacular views of Miami and Miami beach, featuring a glass elevator, modern European design, and a rooftop with a jacuzzi providing a perfect spot to watch the sunset.

4005 S. Ocean Blvd. Highland Beach, FL. This home is special to me because it is the first home I built directly on the beach. 10,000 SF, four stories high, featuring a theater, gym, glass elevator, and a rooftop with 360-degree views, also a perfect spot for sunrises and sunsets.

PROFILE: Tell us about some of the new projects that Sabal Development has in the pipeline?

PN: The projects in the pipeline which already started with the development process are:

• 14,000 SF home in Manalapan, FL (Palm Beach County)

• 10,000 SF home on a 32000 SF lot in Coconut Grove

• 6,500 SF penthouse in Brickell

• 6,500 SF home in La Gorce golf course

• Two waterfront homes on Belle Meade Island (Miami, FL)

PROFILE: What are some of the keys to your success that have helped you stand apart?

PN: European vision and design. Attention to detail (each home has at least 200pgs of design details), trust from partners, discipline, and process.

PROFILE: What is your outlook on the real estate market in Miami amid a changing economic environment and rising interest rates?

PN: In our niche market, the rate of interest isn’t as relevant because most buyers are cash buyers. Miami is one of the safest locations in the world, there are no state taxes, which is appealing to the luxury buyer.

PROFILE: What is the biggest hurdle that you have had to overcome in your career?

PN: Uncertainty during COVID, which ultimately led to a positive outcome. Managing construction and subcontractors, which is extremely challenging in south Florida.

PROFILE: What was the first gift you bought yourself after closing a big deal or first big development?

PN: A watch from Audemars Piguet

PROFILE: Describe your perfect Saturday night in Miami?

PN: Having a nice dinner, my favorite spots include Bagatelle, Casa Tua, Cipriani, Joia Beach, Mamo Brickell, Queen, Villa D’Azur, and drink at Mila lounge.

PROFILE: Where do we find you on your day off?

PN: It all depends on the mood, can be anywhere from relaxing by the water, spending time with family & friends, and working out.

LOFTY Brickell Commissions Two More Artists For Its Rare NFT Collective To Be Gifted To Buyers At Closing

Forward-thinking real estate developer Newgard Development Group has commissioned two additional artists to create one-of-a-kind NFT pieces for its LOFTY Brickell condominium project. Newgard is integrating digital art into the DNA of the new residential building while transferring ownership of a custom NFT to each unit owner.

The NFT Collective launched in March 2022 with Miami-based multi-disciplinary artist Carlos Betancourt, who is creating a unique digital art piece for buyers of studio and one-bedroom units. The two new Miami artists—Douglas Hoekzema, known professionally as HOXXOH, and E-uphoria by Alessia Moccia, will create NFTs for buyers of two-bedroom units and penthouse residences, respectively. Newgard partnered with the New York-based art consulting group Indiewalls to curate the artists.

“This is the first time we know of where a condominium will display a commissioned NFT collection throughout the entire building, and the first-time owners will receive a unique digital art piece when they purchase their units,” said Newgard CEO Harvey Hernandez. “Each piece is inspired by Miami’s history, diversity and incredible energy, taking you into an immersive experience of time, culture, lifestyle and awakening of the city.”

HOXXOH’s artwork focuses on the relationship between man and time, depicting time as a sweet ride that flows, mixing spontaneously with precision. His work is ever-evolving in style, emphasizing mark-making and color to give life to fluid painterly shapes and patterns embedded in a philosophical approach. Through repetitions and analyses, he has managed to recreate the characteristic harmony of contingency, revealing the aesthetic qualities of controlled chaos.

He has created a piece called Blue Fountain for the LOFTY buyers.

“It is fascinating to see how the NFT marketplace helps artists find their own lane through digital art,” said HOXXOH. “As Lofty Brickell launches a limited collection of elevated residences through a collective of globally renowned designers, architects, and artists, I can’t help but find a certain symbiosis with our collaboration on the upcoming exclusive NFT release.”

E-uphoria by Alessia Moccia is one of a growing number of female street photographers making a name for themselves. Also, an NFT collector, she brings a unique perspective to the genre with her dreamlike and distinct imagery. She takes the ordinary and turns it into the extraordinary, infusing her compositions with galaxies, moons and planets to create surreal and captivating scenes.

Her NFT art piece for penthouse buyers is called Rest in Glow.

"Integrating NFT art into a luxury building is like adding a touch of enchantment to elevate the experience of living to a whole new level. It's a beautiful way to capture the essence of art and technology, and create a truly mesmerizing living space,” Moccia said.

Originally from Rome, Moccia now spends her time between Miami and New York. She won an Honorable Mention at the 2022 International Photography Awards.

LOFTY is a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s financial district. It is the most elevated offering in Newgard’s flexible ownership concept. At over 92% sold, LOFTY is already one of the Miami condo market’s most successful projects under development.

Designed by Arquitectonica, the 362-unit LOFTY features 309 tower residences including studio, one- and two-bedroom units that will be furnished by INC. They sit alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, a members-only social club, resort pool deck and fitness center, indoor cigar lounge, co-working lounge and meeting rooms.

With tower units sold out, just a few residences in the LOFTY Signature Penthouse Collection remain available for purchase. The Signature Penthouse Collection offers spacious two, three, and three-bedroom plus den residences that will be curated and furnished by revered design firm Artefacto. Starting at $2.2 million, they represent the best value in penthouse homes in the Brickell submarket.

Located across from Brickell City Centre, LOFTY is the next evolution of condominium ownership. It brings a 5-star alternative for the owner and traveler who prefers to stay and own differently – yet does not want to compromise on hotel services and amenities. Each residence will be delivered fully finished and furnished and, with professional management, will permit short-term rentals.

Cervera Real Estate serves as the exclusive sales and marketing partner for LOFTY Brickell.

LOFTY Brickell is located at 99 SW Seventh St., Miami, FL 33130. For more information and updates, visit www.LoftyBrickell.com.

As leaders in residential and hospitality lifestyle development across the US, Newgard Development Group represents 50 plus years of innovative real estate design, marketing, and construction - assuring excellence from concept to completion. With a forward-thinking approach to development and architecture, Newgard transforms the way buildings and spaces come to life with a passionate commitment to enhancing and elevating its surrounding communities. CEO, founder and visionary, Harvey Hernandez, has fueled Newgard’s projects, from luxury buildings with cutting-edge amenities, to revitalizing high-end residential markets and pioneering the category of flexible ownership. Newgard has developed and managed projects ranging from $20 million to $500 million in key markets with a focus on Florida, Texas, and Tennessee. Recent notable projects include Lofty Brickell, Natiivo Austin, Natiivo Miami, Gale Residences Ft. Lauderdale Beach, Gale Hotel, BrickellHouse, Centro and One Flagler, among others.