FIRST ON PROFILE: Naftali Group Launches Sales For JEM Private Residences in Miami Worldcenter

Naftali Group, a globally recognized real estate development and investment brand headed by visionary developer Miki Naftali, has launched sales for JEM Private Residences in Miami Worldcenter in Downtown Miami’s District 11. This dynamic condominium development, rising over 700 feet tall and spanning 67 stories, is a landmark focal point within the city’s iconic Miami Worldcenter.

The launch of JEM Private Residences represents a significant milestone in Naftali Group’s expansion into Florida and is poised to set a new benchmark for quality product in South Florida. For over three decades, Naftali Group has developed exceptional properties that surpass the expectations of real estate consumers. From New York City to Singapore, their expertise is now extending into Miami, an international hub that promises great potential for growth. With offices in Miami and New York City, Naftali Group maintains its commitment to delivering quality, design and artistic excellence across its $15 billion portfolio which includes over 3 million square feet of development planned in South Florida.

“JEM Private Residences marks a significant milestone in my 30-year development career and a signature property in Naftali Group’s continuously growing portfolio. The luxury condominium tower is a true urban oasis within the city, a building beyond comparison that is both beautiful and practical. The limited collection of homes within the tower offer a dialogue between craftsmanship, expertise and innovation with the ultimate goal of surpassing expectations of our residents. We have prioritized the resident experience by placing these homes high within the building to provide uncompromising views paired with chic interiors and a compilation of amenities intended to elevate a well-rounded approach to wellness.” said Miki Naftali, Chairman and Chief Executive Officer of Naftali Group.

Naftali Group has assembled a world-class collaboration between Miami-based architecture firm Arquitectonica and New York City-based interior design firm Rockwell Group, to create a chic and timeless design aesthetic for the tower. JEM Private Residences draws inspiration from the ocean landscape, with its wave-like architecture and wraparound terraces on each floor which seamlessly blend indoor and outdoor living. Wood accents and lush greenery convey a warm and inviting environment, establishing a serene oasis within the vibrant urban setting. Fort Lauderdale-based ESDA is at the helm of the tower’s landscape architecture, elevating the ambiance of the development.

“Miami Worldcenter is a highly sought-after destination, characterized by a dynamic energy that sets it apart from any other city in the world. JEM Private Residences will elevate the quality of product offered within the walkable neighborhood and position residents at the center of Miami’s premier offerings in dining, entertainment, arts and culture,” said Naftali.

OneWorld Properties has been selected as the exclusive sales and marketing brokerage for JEM Private Residences, with residences starting from the $540,000s. The development consists of 259 units ranging from studios to four-bedroom options and a collection of 10 penthouses at the crown of the tower, some of which will feature private outdoor hot tubs. Naftali Group strategically positioned the private residences to begin at the 43rd floor to maximize breathtaking views of the Miami skyline, Biscayne Bay and Atlantic Ocean.

“Our team is excited about being involved in the continued growth of Downtown Miami and its transformation into a global city,” says Peggy Olin, CEO of OneWorld Properties. “JEM Private Residences will not only provide an unparalleled range of amenities but will also benefit from its prime location within Miami Worldcenter, making them an unbeatable choice for future residents.”

JEM Private Residences, designed by Rockwell Group, boast meticulously crafted interiors. In the kitchens, bespoke millwork cabinetry and seamlessly integrated, panelized appliances are harmoniously paired with Calacatta stone countertops and backsplashes. The culinary experience is elevated with a curated array of Miele appliances, including an oak-paneled refrigerator, freezer, dishwasher, and a fully integrated wine refrigerator in select residences.

The primary bathrooms feature custom medicine cabinets with integrated lighting, storage, and open shelving, offering a perfect blend of functionality and luxury, and the countertops are crafted from honed Dolomite white slabs, complementing the white tiles on the floors and walls. Sleek vanity sink basins are adorned with polished nickel faucets. The showers boast mosaic floor tiles, stone niches, and both handheld and rain shower heads. In select residences, there is a freestanding soaking tub.

The JEM Private Residences’ lobby boasts custom-sculpted plaster walls, elegantly illuminated cove ceilings, and stone floors adorned with exquisite bronze accents. This inviting space is accessed through a fully serviced porte-cochere driveway enveloped by lush landscaping, offering a seamless transition from the vibrant energy of the city to the tranquility of home.

The 50th floor contains an amenity suite designed to compete with any high-end luxury hotel, offering a diverse array of meticulously curated indoor and outdoor spaces to cater to various activities. Inside, the inviting Sky Lounge showcases a feature fireplace, a bespoke stone bar, and cozy seating areas. Step outside to discover a generous 60-foot outdoor pool surrounded by cabanas, floating daybeds, and a captivating signature sculpture. The alfresco lounge is thoughtfully complemented by lush tropical landscaping, creating multiple seating pockets, while a serene sunken lounge area is nestled amidst tranquil reflection pools.

For those with active lifestyles, an indoor fitness center boasts state-of-the-art equipment and a private training/yoga studio. Additionally, residents can enjoy access to an outdoor fitness area, complete with a boxing arena and an adjacent yoga patio featuring a refreshing cold plunge pool and a serene mist garden. When relaxation calls, residents can unwind in the spa suite, which includes a sculptural dry sauna, a steam room, and a soothing pink Himalayan salt room.

Furthermore, the amenity offerings continue with a game room for leisurely activities, and the co-working space offers private nooks for productivity. Not to be overlooked is the glass-enclosed private dining room, providing direct access to the outdoor amenity deck. Lastly, for those desiring a refined social experience, a spirits tasting room awaits, adorned with sophisticated amber glass shelving and exquisite bronze decanter racks.

Founded by Miki Naftali, Naftali Group is a privately held real estate development and investment firm with over 30 years of experience, based in New York City with offices in Miami. Through innovation and discipline, Naftali is recognized as a leading developer with a current and past portfolio comprised of more than 35 projects encompassing more than $15 billion in total value. The company is a leader in developing residences that anticipate and exceed the needs of today’s most discerning real estate consumers and has a notable track record in leading landmark restorations, which it has brought to Florida. Naftali Group is highly specialized in identifying and acquiring undervalued properties in premier geographic areas with strong potential growth while maximizing the value of unique and irreplaceable assets. Naftali Group pursues strategic acquisitions and continuously grows its extensive portfolio of new development condominiums, income-producing, mixed-use properties, and other assets.

FIRST ON PROFILE: Landau Properties Launches Sales of Indian Creek Residences & Yacht Club Starting At $5 Million

The NYC and Miami-based Landau Properties, led by Jonathan Landau, has launched sales for the highly-anticipated Indian Creek Residences & Yacht Club on Miami’s Bay Harbor Islands. The boutique building offers nine luxury condominium homes and six yacht slips, providing one of the only private yacht clubs in the area and a sought-after opportunity for waterfront views of the coveted Indian Creek Island and exclusive Indian Creek Country Club. Pricing begins at $5.6 million for a half-floor home, with penthouse residences starting from $11 million with sales and marketing exclusively overseen by OFFICIAL Partners.

“Indian Creek Residences & Yacht Club is the first true luxury boutique new development overlooking Indian Creek Lake,” said Jonathan Landau, Founder and CEO of Landau Properties. “This unique site afforded us the rare opportunity to build a fully amenitized limited collection residential experience on Bay Harbor Islands, something for which the neighborhood has been waiting a long time. These homes are certain to resonate with buyers who appreciate exceptional design and are looking for a comprehensive lifestyle experience in Miami’s most desirable waterfront neighborhood.”

The eight-story waterfront development is being designed by acclaimed Miami-based architect Kobi Karp with interiors by Linda Zarifi of Zarifi Design, representing the designer’s first ground-up condo in Miami. A counterpoint to the tall, boxy, glass towers that have become synonymous with new development in Miami, the boutique, high-design building will pay homage to Bay Harbor's large concentration of mid-century modern design. Curved edges, neutral natural materials and sculptural details define the building inside and out. Lush, tropical and mature landscaping by Enea Garden Design will envelope the building and convey a resort-like return to nature.

“Today’s luxury buyers are looking for one-of-a-kind homes that combine show-stopping views with world-class finishes and amenities that meet their every need,” said Oren Alexander of OFFICIAL Development Advisors, the exclusive sales and marketing firm for the development. “Indian Creek Residences & Yacht Club is the only opportunity on the island to own a property with the amenities of a fully serviced condominium and the discretion of a private home. Indian Creek has garnered much attention lately from captains of industry, so it’s no surprise that we’ve already had strong interest in these homes before launching, with the most discerning buyers needing to guarantee their spot in this building.”

Ranging from three- to five-bedroom homes spanning from 3,300 to over 5,600 square feet, the collection of half-floor homes, duplex residences and full-floor penthouses combine unobstructed, postcard-like views with best-in-class modern finishes, in addition to private balconies and wine feature walls. Each residence boasts stunning panoramas of Indian Creek Lake and Biscayne Bay, as well as the Indian Creek Golf Course. Most also feature direct elevator entry for added privacy. All three-and five-bedroom homes feature spaces that can serve as additional bedrooms or home offices for added flexibility. Penthouses offer 75 feet of unobstructed water views.

The luxurious interiors designed by Zarifi feature Gaggenau appliance packages, Zenia white oak cabinetry with custom millwork, Taj Mahal stone countertops and islands, and Fantini fixtures in the chef-quality kitchens. Primary baths boast travertine floors and walls, and freestanding soaking tubs, with many offering water views.

“Bay Harbor Island has one of the largest concentrations of mid-century modern homes in the country,” said Linda Zarifi, Founder of Linda Zarifi Design. “Morris Lapidus, the pioneer of this movement, once said, ‘If you create the stage setting and it is grand, everyone who enters will play their part.’ At Indian Creek Residences & Yacht Club, we aimed to do just that: unveil a luxury and dramatic product modernized to 21st century living. Through every surface, material and feature, we push the boundaries of design while revealing something special along the way.”

In addition to expansive, elegant homes, Indian Creek Residences & Yacht Club will offer a comprehensive, resort-style amenities package for residents. The owners’ yacht club and private marina is complete with one shared slip and five available for purchase, dockmaster concierge services and an outdoor lounge with bar. Additional amenities include a world-class spa with sauna and steam rooms, dedicated treatment room and red-light therapy room; state-of-the-art fitness center; outdoor yoga lawn; outdoor waterfront lounge with hot tub; The Parlour, a flexible creative space with a custom wet bar offering personal storage, coffee bar, home office space and entertainment lounge with a high-fidelity audio system; and a 2,600-square-foot landscaped rooftop terrace featuring a pool, private dining area, outdoor kitchen and bar, and outdoor screening pavilion with lounge seating. The building also offers a full-time doorman, resident concierge and 18 private parking spaces.

Renderings via Williams New York

Related Group and Tricap Break Ground On Hospitality-Infused Wynwood Condo 'NoMad Residences Wynwood'

Miami-based real estate developer Related Group (Related), together with Manhattan-based developer Tricap, has broken ground on NoMad Residences Wynwood, the first residential concept from the global hospitality icon, NoMad Hotels, and its parent company, Sydell Group. Located just steps from Miami’s world-famous Wynwood Walls, the nine-story condominium tower boasts an eclectic, modern design crafted by the world’s preeminent design talents with architecture by South Florida-based Arquitectonica and interiors by the renowned DesignAgency. With over 75% of its homes now in contract, NoMad Residences Wynwood is expected to reach completion in 2025. Pricing for NoMad Residences Wynwood begins in the $600,000s with Fortune Development Sales exclusively overseeing sales and marketing.

“No hospitality brand is better suited for Wynwood than The NoMad Hotels, a concept that pairs artistry with luxury to offer an inspired way of living,” said Nick Pérez, President of Related Group’s Condominium Division. “Much like how NoMad New York helped to transform Manhattan’s North of Madison enclave into one of the city’s most in-demand neighborhoods, Related believes that the NoMad Residences Wynwood is poised to unveil the next chapter in Wynwood’s celebrated history.”

Designed to embody every luxury associated with the NoMad name, NoMad Residences, Wynwood brings the essence of a well-traveled, artfully-lived life to each home. The collection of 329 residences ranges from studios to two bedrooms, each featuring floor-to-ceiling windows, private balconies, open layouts and spa-like showers. Modern kitchens include premium Bosch appliances, Italian-style cabinetry adorned with brass hardware, and sleek stone countertops.

"The NoMad Hotels team has a reputation for crafting exemplary hotels featuring stand-out designs inspired by their surroundings,” said Andrew Zobler, Founder & CEO of Sydell Group. “We took the same approach with NoMad Residences Wynwood. We didn’t want to just create homes — we wanted to foster a sense of unity in a neighborhood known for its diverse, artistic energy.”

Each home comes fully furnished with packages curated by DesignAgency. Uniquely developed with no rental restrictions in mind, buyers will have the option to rent their homes to guests for any period of time, while a skilled in-house property management team will efficiently manage check-in and check-out processes.

Central to the property’s appeal are its world-class food and beverage offerings, which will be open to the public and include a signature rooftop restaurant and mixology bar concept, The NoMad Bar. The restaurant will be helmed by James Beard Award Winner Leo Robitschek, Vice President, Food & Beverage at Sydell Group, and the former Bar Director for New York City’s three-Michelin Star restaurant Eleven Madison Park. The property will also include an exceptional anchor destination on the ground floor, Casa Tua Cucina. A lighthouse brand that sets the standard for experiencing high-end social dining, ‘Cucina’ is an expansive open-kitchen concept offering simple, yet expertly crafted Italian and Mediterranean fare.

To enhance the hospitality-focused experience, residents and their guests can indulge in a full-suite of resort-style amenities, including an expansive rooftop lounge with panoramic views of downtown Miami, a fully-serviced pool and sun deck, private cabanas, and a state-of-the-art indoor and outdoor fitness lounge. The signature NoMad Library and Lounge, located on the ninth floor, will serve as a secondary resident hub, featuring NoMad-curated experiences and events, ample shared workspaces, and more.

Additional on-site highlights include a card room and private dining room. For art enthusiasts, many of the walls throughout the building will showcase museum-quality works from the Jorge M. Pérez Collection, with sections of the building commissioned to artists in ode to Wynwood. Surrounding the property is a vibrant, walkable community that boasts over 70 art galleries, luxury boutiques, seven MICHELIN-star and many five-star restaurants, and the world-famous Wynwood Walls.

“Wynwood isn’t just a neighborhood. It’s an ever-evolving hub of culture, cuisine and opportunity,” said David Edelstein, Principal at Tricap. “As a result of our collaboration with best-in-class partners, Related and Sydell Group, today’s groundbreaking marks the beginning of an immersive, hospitality-centric residential experience at the core of Miami’s famed art district.”

Recently, NoMad London, a flagship within the esteemed NoMad Hotels brand, secured a coveted spot on 'The World’s 50 Best Hotels’ list for 2023. This prestigious recognition reinforces Sydell Group’s commitment to upholding the highest standards in hospitality and design — a commitment that NoMad Residences Wynwood will reflect as it introduces the same level of exquisite craftsmanship to Miami's dynamic Wynwood neighborhood.

Images via NoMad Residences Wynwood

The Perigon Debuts Lavish Tara Bernerd-Designed Sales Gallery on Miami Beach

The Perigon, an elegant diamond-shaped luxury condominium tower designed by international architecture firm OMA, has revealed its newly opened sales gallery in Miami Beach. The sales gallery offers a first look at the intricate and equally striking design elements by Tara Bernerd, one of the most sought-after designers in the world, and emulates the residential experience at The Perigon.

“We have seen prodigious interest in The Perigon and expect the momentum to only increase as the sales gallery opens for private appointments., The gallery flawlessly encapsulates the unparalleled sophistication and level of quality, service and design at the property.” said Camilo Miguel, Jr., CEO of Mast Capital. “The tower is the one to watch on Miami Beach; it’s setting a new benchmark for ultra-luxury on the sand.”

Situated at the 1 Hotel at 2377 Collins Avenue, the newly revealed sales gallery showcases The Perigon’s lifestyle, heralded for exclusivity and privacy along the oceanfront of Miami Beach. Guests are treated to first-class hospitality from the moment of arrival, where they are greeted with, a refreshing cold towelette, a glass of Krug champagne as well as a sampling of caviar and teas by Michelin-starred chef Shaun Hergatt, who has curated the condominium’s food and beverage program. The space also offers buyers a first-hand glimpse at The Perigon’s sophisticated, organic, and warm interior design. The natural textures which include pristine marbles and dark bronze accents, were hand selected by the project’s infamous designer, Tara Bernard for The Perigon and present throughout the interiors.

Inspired by the rivieras of Europe, Bernerd created an idyllic setting at the sales gallery for connection and socializing that is true to The Perigon’s lifestyle. An elevated reception area and lounge is reflective of the property’s lobby with soft lighting and warm hues. The lounge was designed to capture the essence of the 40,000 square feet of indoor and outdoor amenities envisioned for The Perigon.

Exemplifying this vision at the gallery is a full bar clad in stone, where baristas will create the experience of The Perigon’s breakfast lounge in the mornings and bartenders will bring the building’s private speakeasy, FiftyThree, to life in the evenings. The Perigon’s oceanfront private restaurant, Nota led by Chef Hergatt, was the inspiration for the color palette of the space, where neutral shades are authentic to the surrounding environment. Additionally, the clean lines of the furnishings channel The Perigon’s sunset lounge, which offers a private space for entertaining.

The sales gallery also provides a sneak peek at the building’s elegant residential interiors. With the focus on craftsmanship and detail, the model kitchen features its open design outfitted with Italian cabinetry custom designed by Bernerd as well as a curved kitchen island featuring hand laid, fluted marble. A model bathroom adorned in marble with bronze fittings and a dramatic free standing fluted soak tub. Select residences feature floor-to-ceiling sliding glass doors showcasing unprecedented views of the Miami skyline and Atlantic Ocean. Artwork adorned throughout the gallery, including a landmark piece by Sterling Ruby, was hand-selected in partnership with Creative Art Partners, marking The Perigon as their debut project in South Florida. Art curation will be an amenity service exclusively available for residents at the property.

On display within the sales gallery is a scale model of The Perigon, highlighting the tower’s architectural design by OMA, another key component to the condominium’s high-end lifestyle. The 17-story building features a bold, terraced design that rises 200 feet above the shoreline and offers 1,250 lineal feet of the tower’s gardens. Conceived as a series of diamond-shaped “towers” rotated to orient and optimizes views from all residences toward the Atlantic Ocean, Biscayne Bay, and the Miami skyline. The design for the interlocking towers will obtain LEED Gold certification when completed.

Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon at 5333 Collins Avenue is expected to officially break ground toward the end of 2023 and slated for completion in 2026. The tower offers 73 two- to four-bedroom condominiums ranging from 2,100 to 6,700 square feet, with eight private guest suites offered to residents only. Starting at $4.15 million, the residences include the highest quality finishes, direct water views, 10-foot ceiling heights and 10- to 12-foot-deep wraparound balconies. Additional amenities at The Perigon include a private oceanfront restaurant with a five-star chef at the helm, an oceanfront swimming pool with cabanas, a terraced fitness center with water views, as well as a children’s playroom, billiards room, private salon, screening room and more.

The Perigon is a joint venture between Mast Capital, one of South Florida’s most active real estate development and investment firms, and Starwood Capital Group, a leading global private investment firm. Sales and marketing are exclusively managed by Douglas Elliman Development Marketing.

Related Group Unveils Andare Residences By Pininfarina On Fort Lauderdale's Las Olas Boulevard

Related Group (Related), in partnership with legendary Italian design house Pininfarina, is set to launch sales for Andare Residences by Pininfarina (Andare), a recently unveiled boutique condominium development in the heart of Fort Lauderdale's Las Olas Boulevard. Featuring a collection of 163 bespoke residences, the 45-story tower is the first luxury condominium development set to rise above Las Olas Boulevard in nearly 20 years. Located just two miles from Las Olas Beach, Andare will offer residents the best of coastal and metropolitan living, providing unobstructed ocean views and seamless connectivity to the city’s urban core. Sales officially launch on Wednesday, October 18, with prices starting at $1.6 million for a two-bedroom residence.

"Las Olas embodies timeless allure and urban evolution," shared Nick Pérez, President of Related's Condominium Division. "With a unique pedestrian lifestyle, complete with many culinary and retail gems, Las Olas is now easily Fort Lauderdale's hottest residential market. After years of thoughtful growth, the area is now finally ready for a high-design, service-driven condominium, and we couldn't be more honored to partner with Pininfarina to craft our vision into reality.”

An international icon known for conceiving many of the most beloved designs in automotive history, Pininfarina worked closely with the tower’s architect of record, CFE Architects, and landscape architect, Architectural Alliance Landscaping, to create a cohesive design inspired by the area’s timeless energy and maritime roots. Soaring to over 540 feet in height, Andare is instantly recognizable by its distinctive facade, characterized by undulating wraparound balconies, which lend it a flowing, wave-like appearance.

"The unparalleled location of this property, in the American Riviera, inspired our vision,” said Samuele Sordi, Chief Architect at Pininfarina. "We strived to provide future residents with a living environment that not only pushed the boundaries of design, but also celebrated Las Olas’ rich tapestry of cultural and environmental surroundings. The end result is a tower that serves both as a love letter to Las Olas’ rich history as well as a monument to its promising future.”

Among the biggest priorities for the Andare design team was creating a harmonious marriage between the tower’s ground-floor areas and the pedestrian thoroughfare. To achieve this, Pininfarina and its collaborators encased the tower’s stunning double-height lobby in floor-to-ceiling windows, allowing for the space’s curated museum-quality art and ample biophilic elements to add energy to the exterior paseo. Furthering the connection between Andare and its surroundings is the tower’s signature feature: a striking 36-foot arch that serves as a grand entrance into the tower, while creating a seamless connection with the highly anticipated Tunnel Top Park.

The thoughtful approach to design is reflected within each of Andare’s residences, which range in size from 1,800 to over 4,300 square feet and feature open-concept living areas, floor-to-ceiling windows and spectacular views of the New River and the Atlantic Ocean. Oversized wraparound balconies extend each homes’ footprint and further promote seamless indoor-outdoor living. Residences come equipped with gourmet kitchens with Italian cabinetry and Sub-Zero and Wolf appliances; sprawling spa-inspired bathrooms; the latest smart home technologies and more.

Andare celebrates every facet of urban life with over 35,000 square feet of indoor and outdoor amenities across three floors. The 10th floor is home to a wide range of offerings that prioritize health and wellness including a state-of-the-art fitness center, a pickleball court, and a wellness spa with dedicated salt, sauna, steam and massage rooms, along with both hot and cold plunge pools.

Live, work and play takes center stage on the tower’s 11th floor, which includes a private dining room with a catering kitchen; a Sports Lounge featuring gaming tables and large TVs; an Executive Lounge with private conference rooms ideal for hosting executive meetings or working from home, and a designated resident’s Club Lounge with a Central Bar that offers enchanting ocean views. When residents step outside, they will be met with a true urban oasis that features an outdoor kitchen, two rooftop swimming pools, private cabanas, an expansive sun deck, hot tub, and food and beverage services.

”Las Olas Boulevard has become the heart and soul of Fort Lauderdale as the city evolves from a beach-centric travel destination into a year-round livable urban center,” said Jenni Morejon, President and CEO of the Fort Lauderdale Downtown Development Authority. “With downtown population growth having doubled in the last 10 years, demand is booming for amenity-rich residences like the Andare Residences by Pininfarina. Complemented by more than $100 million of improvements to parks and public spaces in Fort Lauderdale’s urban core, this project will surely help set the tone for the neighborhood’s ongoing evolution.

Situated along a pristine beachfront and approximately two miles to Las Olas Beach, Andare is strategically located at the foot of the Fort Lauderdale Riverwalk expansion at Tunnel Top Park and provides ease of access to the Shops of Las Olas and the downtown Riverwalk District, placing residents at the intersection of culture, commerce and leisure.

Images via ARX Creative

PROFILE Exclusive: 12 Questions With Alirio Torrealba, MG Developer Founder and Coral Gables Visionary

PROFILEMiami had the exclusive opportunity to sit down with real estate developer and philanthropist Alirio Torrealba, whose projects have continued the legacy of Coral Gables founder, George Merrick, and his vision for “The City Beautiful.”

Born in Caracas, Venezuela and graduated from the University of Santa Maria, Alirio Torrealba has a Law Degree with business experience in the automotive industry. From an early age he began to buy and sell used vehicles becoming an automotive agent and that is how he began his professional career in 1989 when he opened the doors of Western Motors, his first car dealership in Caracas, Venezuela.

Due to its success in the automotive industry, he could establish himself in the field and in 1992, Multimarca Automotive Group was born, originally venturing into the purchase, sale, and consignment of new and used vehicles. This experience allowed him access to the representation of important brands such as Kia, Ford, Fiat, among others. Part of his achievements with Multitarca include the positioning of the company as one of the main companies in Venezuela, dominating a large percentage of the market in the country, the growth of branches reaching more than 10, and the expansion of the product line since this experience in the Venezuelan market guided him to venture into the purchase and sale of urban buses. For 10 years (2000-2010) his focus was the automotive industry, always looking for new opportunities and exploring different ways to improve his business. It is because of this vision and desire to improve that in 2010 he was seeking to exploit different markets and develop in Puerto Rico, still under the umbrella of Multimarca Group, Alirio introduced the Kia brand to Bayamón and Humacao, Puerto Rico, strengthening its presence on the island.

In 2010 he began to participate in small real estate investments in Miami, generating an interest in the real estate business in Florida. Alirio moved to Miami in 2013 and in 2014 he began to look for opportunities with the desire to develop in the city. Motivated to find the perfect moment, he was presented with an open door in Coral Gables to build a boutique building in a very central area where developments did not exist, thus becoming the pioneers of development in Coral Gables.

Completely changing his business model and going from working with cars to working in the real estate world, he decides to open a development company, MG Developer, where he is currently the CEO. The company takes over its first project in 2015, which brought interest within the community, giving rise to new acquisition opportunities. From that year to the present date, MG Developer has managed to build and fully deliver eight projects that have generated a highly positive impact on the community.

Carrying with him the values that formed him, he also attaches great importance to corporate social responsibility and that is why he is an active ally of Fundahigado, where his company, MG Developer, is part of this international non-profit organization. Alirio shows his sense of human sensitivity by supporting professional training and development scholarships for children and youth from poor areas throughout Venezuela. In addition, in contribution to "City Beautiful" as Coral Gables is known, Alirio works in ties to promote Art and Culture.

PROFILEmiami recently caught up with Alirio following the groundbreaking of his new Coral Gables project, The Village at Coral Gables, to see how he built MG Developer into one of the fastest growing development firms in Miami and is continuing George Merrick’s original vision developing “The City Beautiful”:

PROFILEmiami [PM]: Tell us about your background, how did you get involved in real estate?

Alirio Torrealba [AT]: I arrived in Miami 8 years ago and was able to connect with the real estate industry. I got involved quickly and began to look at development options in the City of Coral Gables. The City was welcoming since day 1 and now I can say I feel at home here. It offers a very unique lifestyle and we found the perfect niche to create and develop unique projects that could continue to add value to Coral Gables.

PM: What was your first real estate development project?

AT: Our first development project was Biltmore Parc, 32 exclusive condominium residences.

PM: What is your development philosophy?

AT: Nothing beats good teamwork.

PM: You've made a name for yourself transforming Coral Gables residential real estate, can you tell us about your first involvement in the neighborhood and some of your previous projects?

AT: Biltmore Parc at the time gave us great visibility and exposure within the city of Coral Gables because it had been a long time since anything new was built in the city, this opened the doors and connected us with the neighboring people and from there arose new opportunities to buy land around that project.

PM: You recently started the construction of The Village at Coral Gables, tell us about this project?

AT: Built in the classic enclave of Coral Gables, the new Village at Coral Gables Collections revives the legacy of the City’s first architectural icon. Inspired by George Merrick’s Spanish architecture, The Village at Coral Gables reflects the community’s past and present vision—”The Village Project”—and offers 48 residences that are perfectly at home in their tropical surroundings. Here, timeless architecture and meticulously selected finishes are inspired by both the past and present, harmonizing with Coral Gables’ lush environment to create a one-of-a-kind experience. Residences range from two-bedroom flats to four-bedroom townhomes, we also offer Lofts and Villas.

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

AT: Real estate in Miami has consolidated and stabilized. We are now in a market of stable prices, there is no longer a high trend, and my position is that with such a market it is still an opportunity to buy because when interest rates go down there will be a lot of demand and prices will rise. I think that with the issue of the interest rates, even being high is a good time to buy because prices have been maintained.

PM: What's the biggest obstacle you've had to overcome in your career?

AT: In my career as a developer, the biggest challenge has always been finding land to do major projects. Especially the localization of land in Coral Gables because there is not much left here so whenever we have had the chance to acquire land in the city, we take it as a great opportunity that we do not want to miss. It is the biggest effort and the one that takes more time in the process of development.

PM: What's the most important thing you've learned throughout your career?

AT: I have learned that it takes faith, perseverance, and a lot of dedication to achieve objectives.

PM: You are extremely active in the world of arts; can you tell us about your passion and relationship with art?

AT: I am a promoter of art and I like to support emerging artists to develop. I like our projects to have an art component since it is a fundamental part of the lifestyle that we promote in the city.

PM: You are very involved in the Coral Gables community, what are some of the philanthropic initiatives you have undertaken?

AT: We are very involved in the Coral Gables Community Foundation, and I always try to support their work. We also participate in the Coral Gables Museum and in general we like to participate in activities from the city because by being involved we can help the Coral Gables evolve. At the end of the day, I try to follow what has always been part of my work philosophy, which is sharing with others, working with generosity, and always trying to give one’s best.

PM: Describe your perfect Saturday night in Miami?

AT: A night out to dinner with my family in one of the many amazing places Miami has to offer.

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

AT: Not necessarily a day off, but I always look for free time to enjoy a while running on the beach and disconnect for a second, following a healthy lifestyle.

2200 Brickell Secures $77 Million Construction Loan from Bank OZK

Aria Development Group, Largo and Place Projects have secured $77 million in construction financing for 2200 Brickell, a five-story luxury condominium development on Brickell’s lush Millionaire’s Row. The construction financing was provided by Bank OZK which was represented by King & Spalding. Hunton Andrews Kurth and The Aztec Group represented the developers. 2200 Brickell is slated to break ground in Q4 2023. Residences are priced from $1.2 million with One World Properties as the exclusive developer sales brokerage representing 2200 Brickell.

“We are thrilled to continue our partnership with Bank OZK to bring this amazing project to life,” said David Arditi, Managing Partner of Aria Development Group. “Brickell remains a top market within Miami’s luxury sector. 2200 Brickell will play an instrumental role in continuing Brickell’s success thanks to its focus on residential wellness, tailored amenities in a boutique setting. Together with our partners, we look forward to welcoming residents into an exciting building in this thriving neighborhood.”

Situated along Brickell’s historic Millionaire’s Row, 2200 Brickell offers two, three, and four-bedroom condominiums and garden villas ranging from 1,200 to 2,100 square feet. Designed by Revuelta Architecture International, with interiors by the award-winning team at ODA New York, it is meticulously crafted to enhance the quality of life for all who live there through a harmonious fusion of organic and geometric design. Additionally, 2200 Brickell is being designed as a WELL Certified building, meaning it adheres to the WELL Building Standard™. This standard is focused on ensuring the health and wellness of residents by creating a positive human experience centered around 10 core concepts ranging from light, movement, and nourishment to materials, mind, and community.

“Bank OZK is pleased to provide construction financing for 2200 Brickell,” stated Greg Newman, Senior Managing Director of Originations at Bank OZK. “Aria and its partners are developing a trophy asset that is destined to be one of the premier condominium developments in Miami. This combination of top-tier sponsorship, marquee asset and dominant location aligns perfectly with our real estate lending strategy.”

2200 Brickell will offer an array of amenities including its one-acre rooftop haven, a sun-drenched lush landscape of exquisitely elevated amenities. This one-of-a-kind rooftop space includes a resort-style pool and outdoor spa with pool-side cabanas, a pickleball court, a summer kitchen with multiple seating areas, an outdoor fitness area designed by HOMAGE Fitness, a children’s play area designed by Silver Hill Arts, and a quarter-mile walking track.

Indoors, additional amenities include a cycling lounge and workshop with bicycle storage, custom indoor children’s playroom designed by Silver Hill Arts, a world-class state-of-the-art fitness center designed by HOMAGE Fitness, a wellness lounge with a treatment room and sauna, dedicated work from home suites with a conference room, a resident lounge and entertaining space, Luxer One automated parcel storage featuring a contactless digital package delivery system with cold storage, and a double-height, 24-hour attended lobby. For further convenience, residents will enjoy above-ground parking on all levels with direct access to their residences, on-site valet parking, electric vehicle charging stations, and a covered porte-cochère.

Images via 2200 Brickell

Check Out This Ocean Ridge Oceanfront Estate With 100 Feet of Private Beach Asking $24.9 Million

A luxurious estate is nestled between the Atlantic Ocean and the Intracoastal Waterway in the exclusive urban-suburban neighborhood of Ocean Ridge, just south of Palm Beach Island, has hit the market for $24.9 million. The property, 5 Beachway North, has undergone a complete gut renovation, both inside and out after being purchased for $8 million in 2021. The home lies within a cul-de-sac and sits on a .75-acre lot with a 100-foot private beach parcel. The property is listed with Elizabeth DeWoody of Compass.

5 Beachway North’s location is prized for its quiet and relaxed ambiance, as well as its unspoiled landscape. The estate sits on a 0.75-acre lot directly facing the ocean with 100 by 124 feet of private beach space, offering complete seclusion. The house offers 10,000 square feet of total living area, with six bedrooms and five and a half bathrooms. The high ceilings allow ample natural light to flood the interiors and virtually every room offers breathtaking ocean views. The property includes two main-floor suites, an elevator for easy access, a three-car garage and a rooftop sundeck.

5 Beachway North is located just minutes away from Delray Beach, which is famous for its shopping and fine dining. It is only a 20-minute drive from PBIA (Palm Beach International Airport), Palm Beach and West Palm Beach, making it the perfect location for those who desire luxury and convenience.

Images via Compass

Related Group and Merrimac Ventures Partner with Hilton To Launch Waldorf Astoria Residences Pompano Beach

Related Group (Related) and Merrimac Ventures alongside hospitality leader Hilton (NYSE: HLT) have announced the signing of Waldorf Astoria Residences, located in South Florida’s emerging market of Pompano Beach. Directly overlooking the Atlantic ocean, the Waldorf Astoria Residences Pompano Beach (The Residences) marks the historic brand’s first-ever foray into purely residential concepts and its official entrance into Broward County.

“We set out to distill the timeless elegance and exclusivity of the Waldorf Astoria brand into a purely residential format,” said Nick Perez, President of Related’s condominium development group. “From the design and architecture to the resident services, we’ve pulled out all the stops to ensure this property fully embodies the Waldorf Astoria brand. There is no compromise in our approach and we are so excited to see how the market reacts to this incredible development.”

Sitting on a two-acre oceanfront site, the Waldorf Astoria Residences Pompano Beach spans only 92 residential units and offers world-class design, spearheaded by Nichols in collaboration with KORA, BAMO and Enea Landscape Architecture. With a hospitality infused amenity package - including a beachfront cafe with room service, resident lounge, pool, jacuzzi and cabanas with poolside dining, wellness facilities, and nearly two dozen boat slips - the new build will add further momentum to South Florida’s growth and be part of the sub-market’s evolution into a highly sought-after address.

Envisioned as a love letter to the history and tradition of the Waldorf Astoria name, The Residences features many nods to the brand. Among the most prominent examples is the tower’s Peacock Alley, a homage to the Peacock Alleys that grace many Waldorf Astoria properties around the world. The resident-only space will serve as the property’s main gathering area - where residents go to “see and be seen” - and feature a soon-to-be-announced F&B concept along with many other signature touches. Brand aficionados will also spot a lovingly crafted clock inspired by the original at Waldorf Astoria in New York.

“Waldorf Astoria has been committed to offering sincerely elegant service, culinary excellence, and unforgettable experiences since its inception,” says Dino Michael, SVP & Global Head, Hilton Luxury Brands. “With the announcement of Waldorf Astoria Residences Pompano Beach, we are thrilled that the reputation and expectations associated with our luxury brand will reach new audiences and buyers with our evolved approach to the real estate space.”

The influence of the revered hotel flag extends to the more than 15,000 square feet of curated lifestyle amenities. Highlights include a 20-thousand-square-foot, oceanfront pool deck, complete with a lap-pool and private spa, outdoor bar and dining lounge, summer kitchens and resident cabanas. Residents will also have direct, private access to 200 linear feet of beachfront and beachside cafe. The property is also one of the very few in the region to feature a private marina, with 19 slips and ability to accommodate vessels measuring up to 45 feet.

The Residences also offer a wide assortment of wellness-forward amenities. This includes a resident-only spa with private treatment room and His/Her sauna and steam rooms, as well as a cutting-edge fitness center, complete with the latest cardio machine and strength and conditioning equipment, as well as a dedicated movement studio and spin room.

Additional entertainment options include a ground-floor F&B concept, billiards lounge, children’s entertainment room, and multi-sport simulator. Managed by Waldorf Astoria, buyers will also enjoy 24/7, signature resident services, including in-resident dining, beach and pool-side service, personal concierge and more. The property will also feature an assortment of museum-quality art from the world-renowned Jorge M. Perez Contemporary Art Collection.

The Residences’ unveiling comes amidst a major renaissance for Pompano Beach, a city lovingly known as “Florida’s Warmest Welcome.” Related and Merrimac Ventures have been working for decades to drive the thoughtful transformation of Pompano, and the broader Broward market, into an undeniable luxury destination.

“Pompano Beach’s transformation has been extraordinary – the result of many years of careful, thoughtful development and public investment in the community, which we’ve witnessed in the last decade since we’ve owned the site,” says Dev Motwani, CEO of Merrimac Ventures. “While we’ve completed several developments in the market over the years, we’ve always felt that this property was unique and intentionally waited until we found the right vision for this specific location. Now, with Related and Hilton as our partners, we're excited to move forward on what is sure to be a transformative development, not only for Pompano but for northern Broward County as a whole."

Merrimac Ventures and the Motwani family have been developing and operating in Broward County for more than 30 years, with $3 billion in capital deployed to date and an active pipeline valued in excess of $3.7 billion. Related and Perez family have an equally prolific history in Broward, with neighborhood-defining projects dating back several decades and several billion dollars under active development.

Conveniently located between the urban hotspots of Miami Fort Lauderdale and Palm Beach, Pompano Beach offers an on-the-sand lifestyle at a more accessible price. Pompano Beach has always been a favorite for travelers looking for a low-key, waterfront getaway; however, as demand for South Florida real estate continues to heat up, the quiet beachfront village is now one of the fastest growing real estate markets in the Sunshine State. With robust demand for new construction but very limited supply, Pompano Beach property values have seen a steady climb over recent years.

Significant public improvements, including multi-million-dollar investments into the Downtown arts and entertainment district, combined with continued interest from buyers are expected to add further momentum to this upward trend. Nearby Fishing Village, complete with open-air pavilions and upscale dining concepts, further transforms the area into a lively, pedestrian-friendly community. For those who prefer nature to city life, residents will also be steps away from restored dunes, tree-shaded outdoor attractions, and other beachside activities that define the thriving coastal community.

Meticulously designed by BAMO to complement Pompano’s low-key lifestyle, The Residences will offer an exclusive collection of only 92 residences. The homes are available in a wide variety of floor plans and are crafted to evoke single-family living, ranging from two to five bedrooms and varying in size from 2,100 square feet to 6,100 square feet.

Each residence showcases the same painstaking attention to detail evident across the tower, and comes equipped with a private elevator foyer for maximum privacy, soaring ceilings, and panoramic floor-to-ceiling windows highlighting stunning ocean and intracoastal views. Additional standard features include oversized balconies, custom Italian cabinetry, top-of-the-line Wolf and Sub-Zero appliances. For ease of ownership, the residences are delivered ready to be occupied with a selection of designer finishes.

Renderings via Waldorf Astoria Residences Pompano Beach

Waldorf Astoria Residences Miami Reveals $50 Million Penthouse

National development and investment firm PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT), have revealed the Penthouse at Waldorf Astoria Residences Miami. The $50 million full-floor penthouse is situated high above the clouds within the architectural marvel’s ninth cube, placing residents at the top of the tallest residential building south of New York City. The Penthouse encompasses 13,119 square feet of customizable living space adorned with a private gym, theatre, wine room, library, spa, pool and enclosed balconies which will deliver 360-degree views of Miami Beach, Downtown Miami, and the Atlantic Ocean. PMG Residential holds the exclusive listing for the residence.

“The Penthouse at Waldorf Astoria Residences Miami is the city’s most unique penthouse offering, setting the bar for sky-high luxury living with its contemporary design and sweeping views. The magnificent residence within Miami’s first Waldorf Astoria grants owners the ability to create a custom home to fit each and every need. Beyond their personal residence, owners will have access to five-star concierge services and a superb suite of private residential amenities within the tower, which will be a landmark structure shaping Miami’s skyline,” said Ryan Shear, Managing Partner at PMG.

Envisioned by award-winning interior design firm BAMO, concept renderings for the open-layout residence feature 6 bedrooms and 9 bathrooms, with expansive floor-to-ceiling windows and an immense level of privacy at the top of Miami’s first Waldorf Astoria property. Owners have the option to curate entertainment spaces across multiple sitting and dining rooms. Additional features include a modern kitchen with sleek, bespoke finishes; an expansive primary suite with premium walk-in closets; custom Italian vanities with marble finishes within each bathroom; and the ability to create spaces such as a personal gym. Smart home technology within the home provides the ability for seamless personalization and convenience.

Waldorf Astoria Residences Miami is an architecturally awe-inspiring tower that features nine spiraling, offset glass cubes designed to be evenly stacked and wrapped in what can be referred to as a “glass skin,” distinguishing the property’s architecture from anything else on the East Coast. With concept design led by Sieger Suarez Architects, in collaboration with renowned architect Carlos Ott, the 1,049 foot tower will consist of 360 private residences in addition to 205 guestrooms and suites within the luxury hotel, which will be in the first three cubes of the tower along with the hotel’s signature spaces and private amenities.

Hotel guests and residents will have access to the Waldorf Astoria brand’s world-famous Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function event spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a holistic wellness spa and fitness center. Private residential amenities will include an owners-only lobby and lounge; hospitality suite for chef’s tastings and intimate soirees; billiard room; kid’s club; and elevated pool deck. Each residence will include the latest smart-home technology with custom mobile app access to concierge services. The app will feature a full menu of available offerings, including dining reservations, 24/7 room service, spa, and fitness treatments, house car reservations, access to valet service, package delivery, and dog walking services. Waldorf Astoria Residences Miami will be managed by Hilton Management Services, providing residents and guests alike a truly refined haven through the brand’s relentless commitment to personalized service and best-in-class experiences.

Renderings via Arx Creative